COMPANIES
Fund I
Makeup Mekka
Makeup Mekka is a Norwegian online retailer of colored cosmetics. Makeup Mekka has a disruptive and proprietary business model selling vegan and cruelty-free products only under its own brand on makeupmekka.no and makeupmekka.se. Makeup Mekka has a strong and unique concept and offers its customers “beauty that does not break the bank”.
Equip board representatives:
Sverre Flåskjer (Chairman), Andreas Lysdahl
Rush Trampolinepark
Rush is a leading operator of indoor trampoline parks in Northern Europe. Rush was the first operator of an indoor trampoline park in the Nordics and is one of the most profitable operators globally. Rush operates 50 parks across Norway, Sweden, Denmark, Finland, UK and Germany. Rush has a strong concept and the parks offer a combination of trampolines and interactive attractions like for instance climbing wall and laser maze.
Rush was founded in 2016 and is headquartered in Høvik, Norway. CEO: Petter Haagaas
Equip board representatives:
Eivind Saga (Chairman), Sverre Flåskjer
Holy greens
Holy Greens is a fast-growing chain of salad restaurants in Sweden. Holy Greens has an outstanding concept with a well-defined position among customers based on premium quality, healthy and locally sourced ingredients, efficient serving and a clear sustainability profile. Holy Greens opened its first unit in Helsingborg in October 2013, and now runs 19 restaurants across Sweden.
Holy Greens was founded in 2013 by David Egonson (former CEO, now Concept Developer) and Nebojsa Pavicevic, and is headquartered in Malmö, Sweden. CEO: Tone Wicklund-Hansen
Equip board representatives:
Sverre Flåskjer (Chairman), Filip Abusdal Engebretsen
Funplays
Funplays is one of the leading operators of indoor play centres in the Nordics and currently operates 11 centres across Sweden, Norway and Denmark . Their newest park is the largest indoor play centre in Europe. The parks attract children in a broad age span with their wide range of attractions. Funplays has won the prize for the best indoor play centre in Sweden for six consecutive years.
Funplays (form. Busfabriken) was founded in 2006 and is headquartered in Malmö, Sweden. CEO: Claus Skovfoged
Equip board representatives:
Sverre Flåskjer (Chairman), Eivind Saga
Bastard burgers
Bastard Burgers is a rapidly expanding chain of fast-casual burger restaurants that currently operates more than 70 restaurants across Sweden and Norway. Its distinct and strong street food concept is based on premium quality, great taste and a wide menu, including a full vegan offering of all burgers. Bastard Burgers has a strong focus on sustainability and the use of only locally sourced ingredients.
Bastard Burgers was founded in 2016 by Simon Wanler (CEO) and his team, and is headquartered in Luleå, Sweden.
Equip board representatives:
Sverre Flåskjer (Chairman), Andreas Lysdahl
iTEAM
iteam (formerly Mimir) is a technologically advanced IT service provider to SMEs with strong regional positions along the Norwegian coastline from Kristiansand to Alta. iteam has substantial sector expertise within aquaculture, renewable energy and healthcare. The company has vast experience with migration from physical data centres to public clouds.
iteam is headquartered in Narvik, Norway. CEO: Lars Ivar Simonsen.
Equip board representatives:
Torkild H. Haukaas (Chairman), Filip Abusdal Engebretsen
MILES
Miles is a leading Norwegian IT consulting firm with offices in Oslo, Bergen, Stavanger, Trondheim and Vilnius (Lithuania). Built around the core values “warmth” and “professional authority”, Miles employs close to 200 passionate individuals. The company’s offerings include IT project management, systems development and architecture, agile coaching, test management, UX design as well as end-to-end project deliveries.
Miles was founded in 2005 and is headquartered in Bergen, Norway. CEO/Group Servant Leader: Camilla Amundsen.
Equip board representatives:
Torkild H. Haukaas (Chairman), Filip Abusdal Engebretsen
No Dig Alliance (“NDA”) installs and renovates underground pipelines without digging. The methods used are resource efficient and have minimal impact on the environment, customers and society. NDA operates across Sweden and Finland, and with selected projects in Norway. NDA serves a well-diversified base of customers, with end-customers mainly being municipalities, gridcos and other public organisations.
NDA is headquartered in Stockholm, Sweden. CEO: Patrik Larsson.
Equip board representatives:
Torkild H. Haukaas (Chairman), Eivind Saga
Ryde is a leading provider of high-quality rentable e-scooters, within a micro mobility market that has experienced explosive growth in recent years. The company is currently present in nine cities across Norway and Sweden. Ryde provides time efficient and environmentally friendly transportation as an attractive alternative to cars or public transport. The company is a top performer in its markets due to tech-enabled and highly efficient operations.
Ryde was founded in 2019 by Johan Olovsson and Espen Rønneberg, and is headquartered in Oslo, Norway. CEO: Tobias W. Balchen.
Equip board representatives:
Eivind Saga (Chairman), Sverre Flåskjer
CLOUD CONNECTION
Cloud Connection (formerly Økonomibistand) is a leading Scandinavian provider of ERP, HRM and CRM software and services delivering software, development, and consulting services to companies of all sizes. Cloud Connection also has a strong track-record of developing own IP and integrations to other platforms. In the core of the service offering, Cloud Connection has a superior support model leading to best-in-class customer satisfaction.
Cloud Connection was founded in 1990 by Nils Ole Fladhus and is run by CEO Monica Flo. The headquarter is in Oslo, Norway.
Equip board representatives:
Torkild H. Haukaas (Chairman), Filip Abusdal Engebretsen
CURE MEDIA
Cure is the leading influencer marketing platform in the Nordics, with offices in Stockholm, London and Berlin. With its superior go-to-market model, data-driven approach and strong influencer expertise, Cure enables brands to effectively target and engage with consumers. A performance-focused, commercial culture with passionate employees combined with a proprietary tech platform enables the company to deliver superior value for its customers.
Cure was founded in 2014 by Sam Foorozesh (CEO), Babak Faramarzian (COO) and Kristian Melå (Head of Sales), and is headquartered in Stockholm, Sweden.
Equip board representatives:
Andreas Lysdahl (Chairman), Sverre Flåskjer
CAUTUS GEO
Cautus Geo is one of Europe’s leading technology companies in the field of automatic monitoring of structures, land areas, water, climate and the environment. The company works with a wide range of different sensor technology and their in-house developed web solution, Cautus Web, for collecting, processing, analyzing and notifying data from various sources. Cautus Geo continuously develops innovative solutions that are used worldwide.
Cautus Geo was established in 2009 by Atle Gerhardsen (previous CEO, now COO) and Lars Krangnes (CTO), and is headquartered at Lysaker, Norway. CEO: Odd-Sverre Østlie.
Equip board representatives:
Torkild H. Haukaas (Chairman), Filip Abusdal Engebretsen
Fund II
MOUNTAIN VILLAGE
Mountain Village is a globally leading player in the disc golf market, with a strong portfolio of consumer brands and a unique manufacturing platform (also used to manufacture for other brands). Own brands include globally leading Latitude 64° and Westside, in addition to niche brand Kastaplast. Founded by previous world disc golf champions, Mountain Village has substantial industry knowhow and houses a unique culture aiming to supply the global disc golf market with the best technology and products available.
Mountain Village was founded in 2005 by David Berglund (CEO), Svante Eriksson (Head of Strategy), Tomas Ekström (Design Manager), and Johan Åström, and is headquartered in Skellefteå, Sweden.
Equip board representatives:
Sverre Flåskjer (Chairman), Eivind Saga
remagruppen
Remagruppen is a leading player within the Swedish property development sector, with a portfolio of leading niche companies operating across two main verticals. Firstly, in the exterior maintenance and upkeep vertical where RG provides washing and cleaning services for façades and roofs, and secondly in the fixture demolition vertical where RG provides speciality asbestos and PCB cleaning and handling services. Remagruppen’s services offer a strong sustainability profile by extending the lifetime of properties, thereby reducing the need for new build and construction.
Remagruppen was formed during 2022 by a strong founding team. The Company is headquartered in Stockholm and led by Niclas Winberg (CEO).
Equip board representatives:
Eivind Saga (Chairman), Sverre Flåskjer
Stenbolaget
Stenbolaget is a rapidly growing and innovative retailer, wholesaler and manufacturer of stone products. With a strong focus on technology and a fully integrated business model, Stenbolaget has positioned itself with a disruptive model in the traditional stone industry, and employs a team of approximately 120 people, operating across a network of eight sales hubs and showrooms in Sweden and a modern production facility in Turkey.
Stenbolaget was founded in 2005 by Johan Gustafsson (CEO) and is headquartered in Stockholm, Sweden. Co-CEOs: Henrik Svärdlång and Fredrik Carneroth. Head of Sales: My Karlsson.
Equip board representatives:
Filip Abusdal Engebretsen (Chairman), Sverre Flåskjer
River Group
River Group is a leading North European aftermarket service, project and product provider of water and wastewater pumps, which serve as key components in the water infrastructure. The Company was co-founded by Carl-Johan Callenholm and Carl Hall, and consists today of a portfolio of 20+ companies in the Nordics and Germany. The headquarter is in Stockholm, Sweden, and the CEO is Carl-Johan Callenholm, who has extensive experience in the industry.
Equip board representatives:
Torkild Hebbert Haukaas (Chairman), Filip Abusdal Engebretsen
Fund I and Fund II do not invest in any listed shares and have thus not published guidelines for active ownership in listed shares.