Orkla Ventures

Investment decisions are made by Orkla ASA's corporate development leadership, with oversight from the board chaired by Stein Erik Hagen. The Hagen family's ownership is channeled through Canica AS, their single-family office, which appoints board members including Caroline Hagen Kjos.

It operates as a corporate venture capital arm of Orkla ASA, but the underlying capital is controlled by the Hagen family via Canica AS. This hybrid structure combines a corporate innovation mandate with family-office ownership and holds both venture investments and direct real estate assets.

The firm invests across corporate venture deals in consumer goods and industrial tech, direct real estate (residential and commercial in Oslo and Riga), renewable energy via hydro power assets, and an art collection (the Orkla Collection). No financial targets or allocation breakdowns are publicly disclosed.

Public records indicate Orkla Ventures makes direct investments in real estate and infrastructure, but there is no evidence of commitments to external fund managers. The corporate venture arm likely co-invests in strategic deals alongside Orkla ASA's M&A activity.

Canica AS is the single-family office of Stein Erik Hagen and the largest shareholder of Orkla ASA. Orkla Ventures is a subsidiary of Orkla ASA, a publicly listed company. Canica AS is the largest single shareholder of Orkla ASA, but Orkla ASA has many public shareholders. Canica AS manages the broader Hagen family fortune separately from Orkla's operations.