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Nysnø
Nysnø is a operating fund based in Stavanger, founded 2017; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts...
Nysnø
Nysnø is an investment firm. It has made one investment, deploying $9 million in total capital. The firm focuses on Agriculture and Farming sectors.
General information
Firm type
Operating Fund
Year founded
2017
Location
Region
Europe
Country
Norway
City
Stavanger
Corporate office
Stavanger, Norway
Principals
Siri Kalvig
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Nysnø?
CEO Siri Kalvig has led Nysnø since its 2017 founding, shaping its investment strategy around Norway's industrial decarbonization. A transition is underway: Kalvig announced in February 2024 that she would step down during the year. The Norwegian government appoints the CEO, and the investment team operates with autonomy under the fund's statutory green mandate.
How is Nysnø structured relative to the Norwegian government?
Nysnø is 100% owned by the Norwegian Ministry of Trade, Industry and Fisheries. It operates as a commercial vehicle with a return requirement, not a grant-making body. Its investments are equity-based, and it takes active board positions in portfolio companies.
What is Nysnø's relationship with Equinor?
Equinor is a frequent strategic co-investor, not a parent or sponsor. The two appear on the same cap tables in hydrogen and offshore wind, notably through the AP Ventures hydrogen fund. Nysnø's Vårgrønn offshore wind joint venture was developed with HitecVision, and Eni's Plenitude later joined as a third partner.
Does Nysnø invest outside of Norway?
Yes, though its portfolio is concentrated in the Nordics and Northern Europe. Its hydrogen exposure via AP Ventures provides a broader European mandate. Its most concentrated activity remains inside Norway's energy-transition industrial cluster.
What investment stages does Nysnø target?
Nysnø deploys growth capital, not seed or venture-stage funding. Its investments are concentrated in companies that have proven technology and are scaling commercially, particularly those requiring capital-intensive infrastructure deployment such as offshore wind farms and hydrogen production assets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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