PROVENTURE MANAGEMENT II AS

ProVenture: Seed & early stage venture investor focused on digital technology

We help fearless team players unlock their potential. ProVenture is a leading Norwegian seed and early stage venture investor. We invest in Norwegian digital technology startups that aspire to build substantial economic, social and environmental value by utilizing sustainable business models.

Keywords

portfolio managementwealth managementdefined contribution pension fundsmanagement companiessecurities funds

Organization

CEO: DL
David Lysne1962
Chairman of the board: FG
Frederik Georg Hvistendahl1958
Years since formation: 10 years; since Jul 20, 2015
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 5,037,500; 2 share classes
Total number of shareholders: 12; companies

Financials

Total operating income 2023: 10,595,971; NOK
Annual total result 2023: 996,174; NOK
Total equity 2023: 4,731,197; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
DL David Lysne 1962	Managing Director/CEO	-

Board

Name	Role	Shares
FG Frederik Georg Hvistendahl 1958	Chairman	-
DL David Lysne 1962	Board Member	-
HS Herbjørn Skjervold 1951 Resigned	Board Member	14.84 % indirectly
IK Ingvar Katmo 1979	Board Member	-
GO Geir Ove Kjesbu 1967	Board Member	20.22 % indirectly
TA Tom Arnøy 1975	Board Member	-
BL Borgar Ljosland 1977	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
S SPAREBANK 1 REGNSKAPSHUSET SMN AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
GO Geir Ove Kjesbu 1967	Board Member	20.22 % indirectly
HS Herbjørn Skjervold 1951	Board Member	14.84 % indirectly
TE Thor Egil Five 1959	-	7.28 % indirectly
ØS Øyvind Skjervold 1982	-	1.79 % indirectly
LS Live Melkeraaen Skjervold 1987	-	1.79 % indirectly
MS Maria M Skjervold 1990	-	1.79 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
E ENICA INVEST AS	Class B shares	1,018,814	20.22 %
G GO MANAGEMENT AS	Class B shares	1,018,814	20.22 %
F FETH AS	Class B shares	1,018,814	20.22 %
Y YAP INVEST AS	Class B shares	1,018,814	20.22 %
I INVESTIKA AS	Class B shares	558,075	11.08 %
F FIVE INVEST&CONSULTING AS	Class B shares	366,669	7.28 %
L LIKELIHOOD AS	A-shares	6,250	0.12 %
F FETH AS	A-shares	6,250	0.12 %
B BASSMASKIN AS	A-shares	6,250	0.12 %
E ENICA INVEST AS	A-shares	6,250	0.12 %
G GO MANAGEMENT AS	A-shares	6,250	0.12 %
I INVESTIKA AS	A-shares	6,250	0.12 %

Shares owned by the PROVENTURE MANAGEMENT II AS

Name	Share class	Number of shares	Share
P PROVENTURE SEED II AS	Ordinary shares	5,068,025	1.21 %

Last update: May 24, 2024

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	10,595,971	12,625,282	12,754,000
Annual Total Result	996,174	1,896,661	832,306
Total assets	7,318,433	9,204,402	8,223,136
Total liabilities	2,587,236	4,013,344	3,053,739
Total equity	4,731,197	5,191,057	5,169,397

P&L

Year	2023	2022	2021
Total operating income	10,595,971	12,625,282	12,754,000
Total operating costs	9,279,373	10,096,533	11,639,131
Operating result	1,316,598	2,528,749	1,114,869
Financial income/costs	31,894	12,125	5,960
Profit before tax	1,348,492	2,540,874	1,120,829
Total tax & extraordinary income/cost	352,318	644,213	288,523
Annual Total Result	996,174	1,896,661	832,306

Balance overview

Year	2023	2022	2021
Total fixed assets	4,137,359	4,211,430	3,879,050
Total current assets	3,181,074	4,992,972	4,344,086
Total assets	7,318,433	9,204,402	8,223,136
Short term debt	2,587,236	4,013,344	3,053,739
Long term debt	0	0	0
Total liabilities	2,587,236	4,013,344	3,053,739
Contributed capital	4,539,120	5,037,500	5,037,500
Retained earnings	192,077	153,557	131,897
Total equity	4,731,197	5,191,057	5,169,397
Total equity and liabilities	7,318,433	9,204,402	8,223,136

PROVENTURE MANAGEMENT II AS915 684 769