TheFactory Norway Fund
A rare opportunity to invest in high-potential startups and scaleups - selected, guided, and backed by TheFactory.
About the fund
TheFactory Norway Fund provides investors with access to a curated portfolio of promising Norwegian startups and scaleups with strong teams and high growth potential.
The fund focuses on identifying companies with scalable business models and strong execution capabilities, and supporting them throughout their growth journey toward successful exits.
The fund is managed by TheFactory Capital AS.
20MNOK
Target raise
10 yrs
Investment horizon
100k-3MNOK
Initial ticket
22%
Target IRR
What We Do
We invest in companies with significant scale potential and take an active role in guiding them toward a successful exit. Through a board seat in each portfolio company, we stay closely involved in strategic decisions and long-term value creation.
We take a rigorous approach to finding the right investments. Having screened 400+ companies, we identify the most promising cases, arrange in-depth meetings to get to know the founders, and present the top candidates to our investment committee — which makes the final investment decision.
Risk Reduction Through Partnerships
Investing in early-stage companies carries inherent risk. We actively work to mitigate this by surrounding our portfolio companies with world-class partners — connecting founders with expertise in legal, finance, business development, and product growth.
Our partners include: DLA Piper, SpareBank 1, Santander, Nordea Liv, NETS, SparNord, Carnegie, Malling & Co, NCC, Neptune Properties, Storebrand, and Linstow.
Sectors
Fintech
The integration of technology into financial services.
Proptech & Retail
Digital innovation within property and retail technology.
Stages
Pre-Seed
Investment: NOK 100,000 – 500,000 | Pre-money valuation: max 10 MNOK
Scaleups
Investment: NOK 500,000 – 3,000,000 | Pre-money valuation: 10 – 50 MNOK
Delivered strong value development overall
Our Track Record
Before launching the fund, TheFactory built a strong foundation through seven investment vehicles known as TheFactory Angels — formerly FintechAngels. Together, these companies have:
Invested in 33 startups
Achieved 3 exits
TheFactory Angels bring together 60+ angel and early-stage investors who share a passion for helping founders accelerate — while making smart, value-adding investments. For each accelerator programme, a dedicated investment company is established, managed by TheFactory AS, which holds a 22.5% ownership stake in each.
Explore our initial investments
We would be happy to tell you more about the TFNFI philosophy.