Nysnø invests in the Norwegian venture fund Skagerak Capital

Stavanger, August 22, 2025: Nysnø Climate Investments invests NOK 50 million in the Norwegian venture fund Skagerak Capital V. The fund will invest in the intersection between climate tech and AI. The strategy is increasingly directed towards climate investments, supported by track record and robust deal flow.

Skagerak Capital has previously raised NOK 1.3 billion and invested in around 60 companies. For Fund V, most of the portfolio companies will contribute to reducing greenhouse gas emissions. The fund will make early-stage investments in Norway and the Nordics within ocean tech, proptech, and resource efficiency.

Skagerak Capital is led by an experienced team. Current partners Terje Berg-Utby and André Berg Edvardsen have worked together in the company since its establishment in 2006. The third partner, Andreas Eskeland, joined Skagerak Capital in 2016. The current partner team has been instrumental in positioning Skagerak as a leading investor in climate technology and AI.

- We consider this an attractive opportunity to invest in a leading investor with a digital and data-driven approach. Skagerak Capital has proven its ability to scale and internationalize Norwegian companies and has historically delivered impressive returns,” says Tor André E. Vorpenes, who has led this investment from Nysnø Climate Investments.

- We are pleased to welcome Nysnø Climate Investments as an investor. For us, it’s about being an active and close partner for the companies we invest in, and with Nysnø on board we are even better positioned to build the climate-driven growth companies of tomorrow,” says André Edvardsen, Managing Partner at Skagerak Capital.

Amidst a challenging market, Skagerak Capital has achieved several successful exits, a strong testament to their climate tech investment strategy.

About Skagerak Capital:
Skagerak Capital is a leading venture- and growth investor that since 2006 has raised over NOK 1.7 billion across five funds, and currently has 30 portfolio companies. They invest in and accelerate companies developing new technologies with a positive impact, and that have international ambitions and growth potential. Skagerak Capital has strong regional roots, with offices in Kristiansand, Porsgrunn, Oslo, and Hamar.

About Nysnø Climate Investments
Nysnø Climate Investments is a state-owned investment company that invests in companies and funds with technology for reducing greenhouse gas emissions. Nysnø has assets under management of NOK 5.4 billion and invests in renewable energy, digital technologies, resource efficiency, sustainable consumption, and the circular economy. The company is headquartered in Stavanger and is owned by the Ministry of Trade, Industry, and Fisheries.

Contact:
Nysnø Climate Investments: Tor André E. Vorpenes, Associate: tav@nysnoinvest.no

Skagerak Capital: André Berg Edvardsen, Managing Partner: andre@skagerakcapital.com