PROVENTURE MANAGEMENT AS

Closed at June 10th, 2024

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

Chairman of the board: IK
Ingvar Katmo1979
Operation time: 18 years; - May 3, 2006 to Jun 10, 2024
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 1,263,890; 3 share classes
Total number of shareholders: 14; companies

Financials

Annual total result 2023: -468,416; NOK
Total equity 2023: 559,405; NOK

Last update: Apr 15, 2024

Management

Board

Name	Role	Shares
IK Ingvar Katmo 1979	Chairman	-
HS Herbjørn Skjervold 1951 Resigned	Board Member	10.79 % indirectly
DL David Lysne 1962	Board Member	4.04 % indirectly
FG Frederik Georg Hvistendahl 1958	Board Member	-
GO Geir Ove Kjesbu 1967	Board Member	13.85 % indirectly

Others

Name	Role	Shares
S SPAREBANK 1 REGNSKAPSHUSET SMN AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
HO Hans Olav Torsen 1945	-	14.7 % indirectly
TE Thor Egil Five 1959	-	14.7 % indirectly
GO Geir Ove Kjesbu 1967	Board Member	13.85 % indirectly
TA Tom Arnøy 1975	-	13.85 % indirectly
HS Herbjørn Skjervold 1951	Board Member	10.79 % indirectly
DL David Lysne 1962	Board Member	4.04 % indirectly
HM Hilde Merete Nagelhus Lysne 1964	-	3.88 % indirectly
ØS Øyvind Skjervold 1982	-	1.3 % indirectly
LS Live Melkeraaen Skjervold 1987	-	1.3 % indirectly
MS Maria M Skjervold 1990	-	1.3 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
H HERING AS	Class B shares	185,835	14.7 %
F FIVE INVEST&CONSULTING AS	Class B shares	185,835	14.7 %
Y YAP INVEST AS	Class B shares	185,835	14.7 %
G GO MANAGEMENT AS	D-shares	175,000	13.85 %
L LIKELIHOOD AS	D-shares	175,000	13.85 %
Y YAP INVEST AS	D-shares	100,000	7.91 %
E ENICA INVEST AS	D-shares	100,000	7.91 %
I INVESTIKA AS	Class B shares	61,945	4.9 %
I INVESTIKA AS	D-shares	50,000	3.96 %
Y YAP INVEST AS	A-shares	8,888	0.7 %
F FETH AS	A-shares	8,888	0.7 %
I INVESTIKA AS	A-shares	8,888	0.7 %
E ENICA INVEST AS	A-shares	8,888	0.7 %
G GO MANAGEMENT AS	A-shares	8,888	0.7 %

Shares owned by the PROVENTURE MANAGEMENT AS

Name	Share class	Number of shares	Share
P PS1 HOLDING AS	C-shares	300,000	0.6 %

Last update: May 24, 2024

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	5,000	1,279,161
Annual Total Result	-468,416	-308,879	930,279
Total assets	678,321	1,027,822	1,990,263
Total liabilities	118,915	0	653,563
Total equity	559,405	1,027,822	1,336,700

P&L

Year	2023	2022	2021
Total operating income	0	5,000	1,279,161
Total operating costs	241,018	98,459	86,698
Operating result	-241,018	-93,459	1,192,463
Financial income/costs	-227,398	-215,420	201
Profit before tax	-468,416	-308,879	1,192,664
Total tax & extraordinary income/cost	0	0	262,385
Annual Total Result	-468,416	-308,879	930,279

Balance overview

Year	2023	2022	2021
Total fixed assets	600,000	984,161	1,200,493
Total current assets	78,321	43,660	789,770
Total assets	678,321	1,027,822	1,990,263
Short term debt	18,915	0	653,563
Long term debt	100,000	0	0
Total liabilities	118,915	0	653,563
Contributed capital	1,263,890	1,263,890	1,263,890
Retained earnings	-704,485	-236,068	72,810
Total equity	559,405	1,027,822	1,336,700
Total equity and liabilities	678,321	1,027,822	1,990,263

PROVENTURE MANAGEMENT AS989 765 191