# Penny Venture

Penny Venture is a Venture Capital based in Oslo, Norway.

## Overview

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

## Regulatory record

- **Reports private funds:** No

## About

Penny Venture is a an investment company that focus on investments in high growth, entrepreneurial led start-ups. | Penny Venture is a Norwegian investment company owned by Middelborg AS and Bettina Lundkvist. We focus on venture investments in high growth, entrepreneurial led start-ups. We provide capital, mentoring, network accessibility and support to newly established ventures and entrepreneurs primarily based out of Norway

## People

- Kristian Lundkvist — Founder
- Bettina Lundkvist — Co-owner

## Questions

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

Available sources indicate Penny Venture makes direct seed-stage investments rather than fund commitments. Its co-investment activity — such as participation in Vignita alongside Link Capital — follows the direct-deal pattern common among Norwegian angel networks.

### What is Penny Venture's exposure to digital assets?

Penny Venture holds Bitcoin and Bitcoin-industry exposure through Bitco Invest AS, a dedicated vehicle within its corporate structure. This represents an explicit on-chain allocation alongside its traditional real-estate and private-equity holdings.

### How is Penny Venture related to Middelborg AS?

Middelborg AS serves as the parent family office and holding company for Kristian Lundkvist's investments, including Penny Venture. The holding company consolidates the firm's real-estate assets and provides the structural backbone for its investment activities.

### Which geographies and sectors does Penny Venture focus on?

The firm invests primarily in Norway, concentrating on early-stage startups within the Oslo ecosystem. Sector tagging is generalist, with confirmed life-sciences exposure through Vignita and additional allocation to Bitcoin-related assets. No explicit negative screens or sector exclusions have been published.

## Related profiles

- [Penny Jar Capital](https://altss.com/profile/penny-jar-capital)
- [Penobscot Investment Management Company](https://altss.com/profile/penobscot-investment-management-company)

---

Last updated: 2026-06-03T20:00:00.000Z

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

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology