Nordic Venture Partners completes major fund for ICT investments  

2005.01.17
Nordic Venture Partners has completed the establishment of its 2nd ICT investment fund which has gained DKK 855 mn from Nordic and international investors

Nordic Venture Partners (NVP) has completed the establishment of its 2nd ICT investment fund [ICT = Information and Communication Technology - Ed] which has gained DKK 855 mn (USD 154 mn) from Nordic and international investors. The money will be used to invest in companies in Denmark, Sweden and Finland. Preben Damgaard, consultant of NVP, says that the ICT industry is growing rapidly, and that the establishment of the fund comes at the right time.

 

NVP offers capital to start-up companies with international potential, as well as giving financial support to ICT companies that need a lift before a possible listing on a stock exchange. Henrik Albertsen, managing director of NVP says that the venture fund typically aims at a share of ownership of 20-40%.

 

NVP is based in Copenhagen, Stockholm and Helsinki. Including the latest capital extension, NVP manages DKK 2.3 bn (USD 414 mn) for ICT investments. Henrik Albertsen expects to raise a further DKK 446 mn (USD 80.3 mn) during 2005. The venture company has a current portfolio of 22 companies of which 50% are Danish. The news is reported by ComputerWorld.

 

Link > Nordic Venture Partners 

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