About Alliance

This author has not yet filled in any details.
So far Alliance has created 11 blog entries.

Alliance Venture makes new investment in MemoScale

Alliance Venture has made a new portfolio investment in MemoScale, a NTNU spin-off and data storage software company. MemoScale has developed the Next Generation Erasure Coding software providing extreme capacity utilization and performance for data storage systems. Article in Norwegian:

Shipping Container Pricing Index Xeneta Raises 12 MUSD in Series B

Xeneta, the leading ocean freight benchmarking and market intelligence software platform, has raised 12 MUSD in a Series B round led by London-based Smedvig Capital. Existing investors including Creandum and Alliance Venture also participated in the round. Jan- Erik Hareid, Alliance Venture: “We are really impressed with the team as well as the growth and progress in Xeneta over the two years we have been involved with the company. We are excited about the future potential based on the unique position Xeneta has taken in the marketplace”

Novelda raises 12 MUSD and appoints new CEO

Smart sensor developer Novelda, an Alliance Venture portfolio company, has closed a new 12 MUSD funding round. The funding will allow Novelda to take its XeThru vital sign and true presence sensors to high volume production. The company also announced that Cornelia Mender has been appointed new CEO to take the company to the next level. See also article.

Alliance Venture invests in Eventum

Eventum has raised NOK 8 million in a seed round lead by Alliance Venture. Eventum provides a marketplace for finding and booking the perfect event venue. Most venues are under-utilized, and finding the right location is tedious and time-consuming. Eventum makes the whole process smoother, both for venue owners with unused “inventory” and for event organizers looking for the perfect place. raises NOK 150 million has raised approximately NOK 150 million from mainly four new investors at a pre-money valuation around NOK 1 100 million. The capital will go towards marketing, technology development and geographical expansion, and thus further strengthen’s positon as the leading online grocery in Norway.

poLight – new funding round of 160 MNOK

poLight AS has raised an equity round of NOK 160 million from new investors and existing shareholders. The private placement, which was oversubscribed, attracted several established leading Norwegian and international institutional investors.

Encap Security acquired by AllClear ID

Encap Security, provider of uncompromising authentication for financial institutions and Alliance Venture Polaris portfolio company, has been acquired by AllClear ID, the world leader in protecting organisations, their employees, and their customers from the fallout of a data breach.

Alliance Venture invests in Wake

Wake is a tool to share design within teams and with customers. The company is based in San Francisco and Oslo. Alliance Venture co-invests with First Round Capital and Slow Ventures