Momentum

What Momentum does

Momentum Venture Management AS is a Bergen-headquartered, privately held Norwegian venture capital firm founded in 2013 by Arve Janbu Fresvik. The firm manages 850 MNOK (approximately USD 80M) in assets under management across three seed-stage funds (Momentum I, Momentum II AS launched 2017, and Momentum III AS launched 2024) and invests in companies where sustainability and climate impact are central to the business model. Its investment focus is concentrated in four verticals: ocean industries, agriculture, renewables, and construction/property (including energy efficiency). The current portfolio comprises 18 active companies — including Nofence, Pascal, Glint Solar, Amina Charging, 7Analytics, Remora Robotics, Photoncycle, Enerin, and Inherit Carbon Solutions — alongside at least nine realized exits (Spacemaker, AVA, Freska, SRT, Travis, Cutters, Dyrekassen, Navidium, Blue Ocean).

The firm is staffed by four professionals — Managing Partners Arve Janbu Fresvik, Hilde Støle Pettersen, and Svein Ove Langeland, plus Investment Director Christian Møgster — drawn predominantly from Boston Consulting Group and PwC corporate finance. Momentum differentiates itself from generic seed investors through "hands-on" operational involvement: partners take board positions and contribute to day-to-day strategic execution outside formal board rooms, marketed under an "aligned incentives, no hidden agendas" philosophy. Distribution and deal sourcing run through direct outreach and founder referrals rather than branded marketing channels, with EU SFDR disclosures serving as the primary regulated sustainability signal to limited partners.

Revenue is generated through two standard venture-fund streams: recurring management fees charged on the committed/deployed AUM of the three funds, and performance-based carried interest on successful portfolio exits. Specific management-fee rates, fund sizes, and LP identities are not publicly disclosed. The firm maintains EU SFDR entity- and product-level disclosures for Funds II and III, with periodic annexes through 2025, indicating compliance with European sustainable-finance regulation as a structural element of its fund-raising strategy.

Name

Momentum

Legal name

Momentum Venture Management AS

Website

https://momentumpartners.no

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Momentum is a Bergen-based Norwegian venture capital firm managing 850 MNOK across three seed-stage sustainability funds, investing in ocean industries, agriculture, renewables, and construction/property, with 18 active portfolio companies and a four-person team from BCG and PwC.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD)

Keywords

• Venture capital funds
• Seed stage investing
• Sustainability investments
• Climate tech investing
• Portfolio management

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Management Fees: VC fund management fees charged on assets under management across three funds (Momentum II AS, Momentum III AS, and an additional fund). AUM stands at 850 MNOK.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits across its three funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Momentum manages seed-stage venture capital funds (Fund I, Momentum II AS, Momentum III AS) with 850 MNOK in assets under management, investing in early-stage companies with sustainability and climate impact at the core of their business. Sectors of focus include ocean industries, agriculture, renewables, and construction/property (including energy efficiency). The firm provides equity capital along with hands-on strategic, operational, and board-level support across 18 portfolio companies.

Product overview

Momentum is a Norwegian venture capital firm (Momentum Venture Management AS) headquartered in Bergen that manages three investment funds with approximately 850 MNOK AUM. The firm invests from seed stage through scaling in companies where sustainability and climate impact are central to their business model. Momentum focuses on four primary sectors: ocean industries, agriculture, renewables, and construction/property (including energy efficiency). The firm supports its 18 portfolio companies by contributing competence, involvement, and active development support beyond just capital, typically taking board positions. The portfolio includes companies such as Nofence (virtual fence for livestock), Pascal (boat electrification technology), Glint Solar (solar site identification), Amina Charging (EV charging), Remora Robotics (autonomous net cleaner), Photoncycle (hydrogen-based energy storage), and Enerin (high-temperature heat pumps), among others.

Differentiator

Problem solved

Functional benefit

Products and services

• Momentum Fund I Seed-stage venture capital fund investing in companies with sustainability and climate impact at the heart of their business, focused on ocean industries, agriculture, renewables, and construction/property sectors.
• Momentum Fund II (Momentum II AS) Second seed-stage venture capital fund (Momentum II AS) continuing the firm's investment strategy in sustainable growth companies across ocean industries, agriculture, renewables, and construction/property (including energy efficiency), with SFDR-compliant reporting.
• Momentum Fund III (Momentum III AS) Most recent seed-stage venture capital fund (Momentum III AS) maintaining the firm's focus on investing in innovative and ambitious teams with sustainability and climate impact focus, with SFDR-compliant reporting.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CharINminorStrategic or Co-development Partner · 5 February 2026Momentum is named as a collaborator in the Capital Charge Yard EV testing hub project alongside CharIN, Korea Electrotechnology Research Institute (KERI), and nonprofit Cal EPIC, funded by the California Energy Commission's EPIC program. Momentum's specific role in this collaboration is not detailed in the source.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Speedinvest: Large pan-European early-stage fund with a dedicated Climate Tech & Industrial Tech vertical. Broader portfolio and AUM than Momentum, but directly comparable in stage and climate-thesis for portfolio companies.

Emerging players

• Ring Capital: Paris-based early- and growth-stage impact VC focused on the energy and environmental transition. Comparable climate-tech mandate at similar stage; co-invested with Momentum in Enerin.
• 2150: Copenhagen-based early-stage VC investing in urban tech, real estate, and construction decarbonization. Comparable European climate focus and a thematic overlap with Momentum's construction/property vertical.

Direct peers

• Katapult: Oslo-based accelerator and seed fund dedicated to impact-driven startups, with a strong climate-tech mandate and active LP/fund-of-funds structure. Directly comparable Norwegian base, sustainability thesis, and seed-stage focus.
• Norrsken VC: Stockholm-based early-stage impact investor backing startups solving major societal and environmental challenges. Comparable Northern European footprint, sustainability-first mandate, and seed-stage entry approach.
• Climentum Capital: Berlin-based early- and growth-stage VC exclusively focused on climate tech. Closely comparable sustainability mandate and European deal footprint; co-invested with Momentum in Enerin.
• Voima Ventures: Helsinki-based seed and early-stage VC focused on science-based and deep tech solutions to climate and sustainability challenges. Closely comparable thesis, stage, and Nordic footprint; Momentum has co-invested with Voima in TheStorage and Photoncycle.
• NordicNinja VC: Tokyo-Helsinki-based VC investing in climate and deep tech at Series A and beyond across the Nordics and Japan. Comparable climate-tech focus; Momentum co-invested with NordicNinja in Photoncycle's €15M Series A.
• Eviny Ventures: Bergen-based corporate VC arm of Eviny (utility group) investing in early-stage climate and energy startups in the Nordics. Highly comparable Norwegian footprint, energy/climate focus, and seed-to-Series A entry; co-invested with Momentum in Photoncycle.
• Pale Blue Dot: European seed VC investing in climate-tech companies that decarbonize the economy and reduce environmental impact. Closely comparable seed-stage, sustainability-focused, European-climate mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/momentum-partners-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments15 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Momentum