# North Venture

North Venture is a Venture Capital based in Wellesley, Norway.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Wellesley, Norway
- **Region:** Europe
- **Address:** Oslo, Norway
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** www.northventure.no
- **LinkedIn:** https://www.linkedin.com/company/north-venture-partners

## Regulatory record

- **CRD number:** 162010
- **SEC file number:** 802-76237
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162010

## About

North Venture is a privately held investment company with an active ownership model, investing in Nordic tech companies with a clear positive impact on our world. The team comprises entrepreneurs and transformative leaders who combine hands-on experience with strategic application of data. With experience in commercialisation and growth through their Full Potential Plan, they boost companies to their full potential.

## Sectors

- AgriTech & FoodTech
- EdTech
- FinTech
- Enterprise Software

## People

- Heidi Aven — Partner
- Linn-Cecilie Linnemann — CEO and Founder
- Espen Halvorsen — Partner

## Questions

### Who runs investment decisions at North Venture?

Investment decisions are led by the partner group, which includes Heidi Aven, Linn-Cecilie Linnemann, Espen Halvorsen, Berg Moe and Jeanette Grendahl. Aven and Linnemann co-founded the firm and the associated SHE Community initiative. Each partner carries an operator background — Aven exited SmartWorks, Linnemann exited Design Container, and Halvorsen exited an internet firm he founded in 1997 — which means origination is tightly coupled to their personal networks within Nordic technology.

### How does North Venture source proprietary deal flow?

The firm sources through several channels: the partners’ own networks as former founders and operators in the Nordic market, the SHE Community ecosystem, and the StartupLab Founders Fund, where North Venture is a limited partner. The StartupLab relationship gives the firm proximity to companies emerging from Norway’s largest technology incubator, while SHE Community provides deal flow from female-founded Nordic tech companies. Linn-Cecilie Linnemann’s concurrent role as a partner at LUMO Labs in the Netherlands also extends the firm’s origination into the broader European impact-VC circuit.

### What is the Full Potential Plan that North Venture references across its portfolio?

The Full Potential Plan is North Venture’s internal operating framework applied to portfolio companies. It covers branding, marketing, digital communication, recruitment, sales strategy, new-business commercialization and cash-management routines. Rather than functioning as a standalone consulting unit, the plan is delivered by the partners themselves, who embed in board positions or day-to-day advisory roles at the portfolio companies. This model means the firm underwrites not just capital but a defined operational workload per investment.

### Does North Venture participate in fund commitments or only direct deals?

North Venture writes direct checks to Nordic early- to growth-stage companies across agritech, edtech and fintech, and also invests as a limited partner in the StartupLab Founders Fund. Direct investments include board seats or board-chair roles where partners actively drive go-to-market planning. The fund commitment extends the firm’s reach into earlier-stage seed companies within the StartupLab community while preserving the hands-on model for its own balance-sheet positions.

### What investment stages does North Venture typically target?

The firm targets buyout, early-stage startup and growth-stage opportunities, according to internal Altss research. Public portfolio disclosures show entry points from early venture rounds (Vignita in 2022, Frid in 2021) to growth-stage companies that are already commercializing, such as Nofence. The firm does not publish stage definitions or check-size ranges, but its model allocates partner time as a scarce resource, which favors concentrated positions where operational involvement can materially shift the trajectory.

## Related profiles

- [Northumberland CFDC](https://altss.com/profile/northumberland-cfdc)
- [Northvest Capital](https://altss.com/profile/northvest-capital)

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Last updated: 2026-08-11T15:07:34.613Z

Canonical page: https://altss.com/profile/north-venture

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