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Katapult
Katapult, founded by Tharald Nustad, runs climate, ocean, and food accelerators that feed a venture fund pipeline from Oslo.
Katapult
Katapult is a digital entertainment company located at Betaworks in New York City. We are a small, passionate team from many different backgrounds working towards the same goal; to make a positive impact through creative technology.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Norway
City
Oslo
Corporate office
Oslo, Norway
Principals
Tharald Nustad
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Katapult?
Tharald Nustad, the founder, serves as the central figure in investment strategy and firm direction. Individual accelerator verticals — Ocean, Climate, Food — are led by dedicated managing partners who oversee deal selection, cohort management, and portfolio support within their domains.
Is Katapult structured as an accelerator or a venture fund?
Katapult operates as both — a hybrid model where thematic accelerators act as origination and initial-investment vehicles, and separate follow-on funds provide growth capital to graduating portfolio companies. This structure gives the firm conviction-stage exposure with built-in due diligence from the cohort period.
How does Katapult source its deal flow?
Proprietary deal flow comes through open-call applications to each thematic accelerator cohort — Katapult Ocean, Katapult Climate, and Katapult Food collectively process hundreds of applications per cycle. The accelerator screening process, combined with a global network of mentors, corporate partners, and regional outposts, creates a pipeline that generalist climate funds cannot easily replicate.
Which sectors does Katapult explicitly avoid?
Katapult's investment mandate is defined by sustainability themes rather than generalist technology. The firm does not invest in defense, fossil-fuel extraction, weapons, gambling, or tobacco — consistent with its impact-oriented limited-partner base and Nordic regulatory environment.
Does Katapult participate in fund commitments or only direct deals?
Katapult makes direct equity investments through its accelerator programs and follow-on funds. There is no public record of the firm acting as a limited partner in third-party venture funds; its model is built entirely around direct company exposure.
Where does Katapult's funding come from?
Katapult raises capital from a mix of institutional investors — including the European Investment Fund — along with family offices, foundations, and high-net-worth individuals aligned with impact themes. The firm does not manage a single-family wealth pool; it functions as an external fund manager raising third-party commitments.
Does Katapult maintain separate philanthropic structures?
Katapult does not operate a philanthropic foundation, though its accelerator programs often collaborate with grant-funded research institutions and NGOs. The firm's investments are for-profit equity deals, not donations, and impact is measured alongside financial return expectations.
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