Xeneta, the leading data platform for ocean freight market intelligence, has raised a $5.3 million Series A investment round to fuel its continued growth and product development. Prior investors, Creandum, Point 9 Capital, and Alden, participated alongside new investor Alliance Venture. The Oslo, Norway, based company was founded in 2012 and has raised a total of $8.5 million since inception.
poLight® AS has raised NOK 146m in a private placement of shares directed towards new and existing investors. The funds provide financing for the next steps towards commercialization of poLight®’s leading autofocus actuators for mobile phone cameras and represents a next step in the announced plan for a public listing.
Fuse today announced it has received an additional $2.8M in financing led by top Nordic investor Northzone to launch its iOS/Android app development platform and tool suite by the same name. Currently in closed alpha, Fuse aims to bridge the gap between prototype designs and fully working native apps. The new funding brings the company’s total investment to $7M.
Novelda, the developer and manufacturer of adaptive smart sensors, announces the closing of a $12M Series A financing round to secure delivery and further development of its XeThru sensor technology. The first XeThru sensors are designed to detect movement and human body vital signs such as breathing and heart rate from a distance of several meters. In addition to normal motion detection, the sensors can detect other types of movement including proximity, gestures and more. The sensors use harmless, extremely low energy, high frequency (GHz) radio waves and can sense through clothing, bedding and obstacles such as glass, walls and […]
Arne Tonning, our partner and team member, has since the summer been the “Investor in Residence” at Nordic Innovation House (NIH) in Palo Alto, where he is an integrated part of the team there. The provides Alliance Venture with a more direct and hands-on link into the Silicon Valley ecosystem. Arne’s mission for us in California is to support our portfolio companies, benchmark new investment opportunities for our latest fond and strengthen the Silicon Valley network for long-term value. Feel free to reach out to Arne or us, if this local presence in California is of interest or can be […]
Øyvind Isaksen (51) has been appointed new CEO of poLight AS and the current CEO, Christian Dupont, will become CMO in charge of Sales & Marketing. Isaksen has previously held several CEO positions, most recently in the publicly listed company Q-Free ASA, which he left earlier this year after 7 years as CEO.
poLight offers the fastest autofocus (AF) actuator for use in future camera phones. poLight® has a patented Tunable Optical Lens with many performance benefits compared to today’s VCM (Voice Coil Motor) lens, and it scores far better in terms of instant focus and low power consumption.
Alliance Venture – together with Northzone – has invested $3.5 million in Outracks Technologies AS. Outracks develops a creative tool suite, Realtime Studio, used by programmers and designers to create stunning, multi-platform apps and visual experiences. Realtime Studio exports blazing fast, native applications for all major mobile and desktop operating systems, as well as WebGL and HTML5 for all browsers.
Incorporated in 2011 by a team of highly skilled engineers with backgrounds in GPU hardware, games and compiler development, Outracks is a company with a deep passion for beautiful pixels. Outracks’ goal is to enable anyone to create amazing user experiences […]
Alliance Venture Spring attracts a number of high profile investors. The new early-stage fund will invest in new, promising IT start-ups – primarily in Norway. Alliance Venture Spring is now formally established, after seeing large interest from investors.
The fund was oversubscribed at first closing, and attracted a number of strategic investors, among them Telenor and Opera Software. Capital under management is NOK 510 million.
– We are proud and happy that the fund was oversubscribed so soon after the subscription offer went out. We are also very satisfied that so many competent investors are participating as LPs. We have established a […]
Pan Media Group (PMG) has acquired Pageplanner Solutions AS.
PMG is a leading player in the content marketing business, delivering a full set of services with publishing in all channels: print, video, web and animation. PMG also aquired TV8, a company specializing in video publishing. Pan Media Group offers traditional media companies to share essential but non-core technology and production capacities. Pan Media Group offers both outsourcing of non-core media operations as well as complete outsourcing solutions including editorial and commercial operations.
Press release (in Norwegian)
Alliance Venture portfolio company, poLight, has been chosen as one of six companies named “Cool Vendor for Consumer Devices, 2014” by Gartner, Inc. poLight was chosed for the use technology to enable differentiation in imaging features for mobile devices based on the high-performance Tunable Lens (TLens). The TLens scores far better in terms of instant focus and low power consumption than the current technology in the market. Check out the Gartner Cool Vendor report for more information.