Norway is not only one of the wealthiest, happiest and prosperous countries in the world but its host to the largest sovereign wealth fund in the world. The cause of this prosperity has been mainly to do with the discovery of oil and gas in the North Sea complemented by a forward thinking government that has reinvested its capital into Norwegian Society. However, the oil wealth has overshadowed much of Norway’s expertise in alternative energy and advanced B2B technology in a variety of fields. In addition, much of this technology has not been globalized or grown outside of Norway. Thus, the strategy that is employed by the Fund is to find opportunities where the company has revenue, smart management, leading technology and support from the Norwegian Government through grants and loans.
AVG has formed two Funds, one in Singapore and one in the Cayman Islands in order to capitalize on the large amount of deal flow stemming from the Norwegian venture capital market. The Fund’s objective is to take a strategic equitable positions in Norwegian based Companies through a combination of common equity, preference shares and warrants. The target sectors follow from the main focus of the Norwegian government which are, clean tech, renewable energy, fintech, ICT and sustainable technologies.
The Government is helping Norwegian companies globalize and gives both generous grants and loans to growth companies within their targeted sectors.
The Fund will facilitate the Norwegian companies expansion with the applications for financial support with Norwegian Government programs.
Our Approach to ESG and Sustainable Investing
AVG’s core focus is on renewable energy, technology and companies that have strict ESG self-governance. AVG benefits from working with the Norwegian Government that strictly adheres to all of the Sustainability Development Goals (SDGs) and that will not invest into companies without an ESG policy.
AV Group is dedicated to driving capital into Norwegian startup and growth-stage companies. We provide financial support, consulting and brand-building services to entrepreneurs who are committed to expanding their businesses and creating the best enterprises in technology. The AV Group team is comprised of professionals with extensive experience in technology, investment banking, marketing, legal, and financial services. We bring the best technology from Norway to the U.S. market.
