NewMark Capital

NewMark writes initial checks of NOK 1–2 million into pre-seed and seed-stage companies. The largest single ticket the firm has deployed is NOK 8 million. The portfolio concentrates on B2B software startups with Norwegian or Nordic roots, typically at the point where a working product and early customer traction exist but institutional venture capital has not yet arrived.

NewMark describes itself as 'part of a greater tech community called Explorer HQ.' The firm uses the co-located space — which houses startups, industry operators and investors — as a sourcing engine. Portfolio companies gain exposure to later-stage funders and operational advisors through the community before or alongside NewMark's capital commitment.

The firm's website cites Trond Riiber Knudsen of TRK Group, a prominent Norwegian investor, stating that NewMark's willingness to cooperate at an early stage strengthens the country's early-phase investment community. While NewMark does not publish a formal co-investment policy, the presence of TRK Group and other Nordic angels in its network suggests syndication is standard practice.

NewMark discloses total invested capital of NOK 120 million across a portfolio that includes roughly 20 named companies. The portfolio spans design tools (Vev), location intelligence (Unacast), sports-tech (Synq), data visualization (Graphiq), emergency preparedness (Prepp.io), and industrial IoT (Triangula), among others.

A five-partner team leads the firm: Managing Partner Andreas H.F. Olsen, and Partners Nikolai Fasting, Pedro Fasting, Harald Lervik, and Maciej Kucharz. Advisor Ian Mashiter also appears on the firm's website. The firm does not disclose an investment committee structure, suggesting the partnership jointly evaluates and approves allocations.

NewMark does not publicly describe its funding sources. The absence of a disclosed limited-partner base, combined with the firm's positioning as part of Explorer HQ, points toward a proprietary or family-backed vehicle. Without primary disclosure, the capital structure remains unconfirmed.

The firm states it looks for 'great software tech teams operating in big markets,' with a preference for B2B startups that increase work efficiency. No explicitly negative sector tags are published, but the portfolio's absence of hardware, biotech, or consumer-social companies suggests a hard focus on enterprise and vertical SaaS.