Partnering creating lasting value
for entrepreneurs by entrepreneurs
Our third seed fund
We invest in startups solving real problems with digital technology.
As entrepreneurs and investors with experience in building, scaling, and exiting global tech companies, we understand the complexities of growth. That’s why we offer more than funding - we provide a trusted partnership, combining expertise with a clear focus on lasting success.
From first steps to exit, we work alongside founders to deliver meaningful results for their vision and our investors’ shared goals.
This is ProVenture
Since 2006, we’ve partnered with more than 100 founders driven to solve real problems.
Our mission is to empower exceptional entrepreneurs to build transformative tech companies while delivering meaningful returns for our investors.
With three funds under management totaling 1.3 billion NOK, our teams in Trondheim and Stavanger combine hands-on entrepreneurial experience with strategic insight.
With direct involvement in over 50 exits and 3 IPOs, our team brings valuable expertise to guide founders through every stage of the journey.
50+ exits and 3 IPOs under our belts
ambition meets experience
Our team
Borgar Ljosland
Senior Partner
Borgar joined ProVenture Management in 2020. He brings 22 years of experience as a serial entrepreneur and start-up CEO. Borgar has broad experience from international business development in multiple market verticals - working with technologies ranging from semiconductors, electronics, computer graphics, security, media and software. Borgar holds an MSc in Computer Science from NTNU.
Geir Ove Kjesbu
Senior Partner
Geir Ove joined the ProVenture team in January 2018. He has significant industrial experience from Q-Free ASA where he held several leading postions, also as CEO. Geir Ove has solid investment experience from Investinor, where he held the position as CEO for eight years. Geir Ove holds an MSc in Computer Science from NTNU and an Executive MBA from Insead.
Ingvar Katmo
Senior Partner
Ingvar joined ProVenture Management in 2007 from McKinsey & Company. During his two years with McKinsey he specialised in serving oil and energy clients on a wide range of topics. Ingvar holds an MSc from the University of Mannheim and an MBA from the University of Oregon.
Tom Arnøy
Senior Partner
Tom joined ProVenture in January 2020. He brings a vast experience from his background as co-founder and CEO in ZEDGE, which he took public as CEO on New York Stock Exchange in 2016. Tom has also been an angel investor for many years. In 2017 Tom was awarded "Founder of the Year, Norway" at Nordic Startup Awards.
Frederik Hvistendahl
Senior Partner
Frederik joined ProVenture in 2016. He started his career in Schlumberger as field engineer and in his more than 30 years of international Oil & Gas experience he has held CEO positions in 5 companies ranging from start-ups to larger, well established companies. He has also been serving as Chairman of the Board in several start-ups and early stage technology companies.
Frederik holds an MSc in Mechanical Engineering from NTNU.
David Lysne
Managing Partner
David joined ProVenture Management in 2014. He brings more than 28 years of international oil and gas experience to ProVenture within R&D, entrepreneurship and international oil service. Over a period of 16 years he was managing director for various research and service companies. David holds an MSc in Mechanical Engineering and a PhD in production technology from NTNU.
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