conference_20130305_erik hagen
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Growth Entrepreneurship and Access to Finance
Nordic Conference in Stockholm 5-6 March 2013Erik Hagen, Managing Partner
Viking Venture
Exits Viking Venture
Sold to
Undislosed
Aug 2003
2003
Sold to
750 mnok
June 2007
Sold to
Undisclosed
May 2007
Sold to
Undisclosed
Feb 2007
Sold to
Undisclosed
June 2007
Aqualyng Holding
Sold to
Undisclosed
May 2007
2007
Sold to
287 mnok
May 2009
Sold to
Undisclosed
Nov 2009
2009
Sold to
Undisclosed
2011/12
Sold to
157 mnok
March 2012
Sold to
Undisclosed
Jun 2012
Sold to
Undisclosed
May 2012
2012
Sold to
Dec 2012
Undisclosed
Nacre
Returns from Nacre
Inventors in SINTEF 0 5 infinity
Key employees 1 75 75
Viking Venture 30 300 10
Government 17 324 19
Investment Return X investment
Kilde: Bizweb, Nacre; tall inkl 2009
Nordic Venture Network
• 12 firms with 3 billion EURO under management• 300 current investments
• 100 Investment professionals• 175 exits to date
Nordics attractive region for startups
Source: Creandum
Examples of Nordic venture backed successes
Track record in the Nordics
Source: Creandum
Annual VC investments in the Nordics; mEUR
Source: Argentum
Annual VC investments in Norway; mNOK
Source : Norsk Venture Kapitalforening, Argentum
Number of Nordic VC investments per year
Source: Argentum
Number of VC investments in Norway
Source: Norsk Venture Kapitalforening, Argentum
Annual Nordic VC exits
Source: Argentum
Nordic VC annual fundraising; mEUR
Source: Argentum
Nordea´s allocation to Private Equity
Source: Nordea
The challenge ahead
Available venture capital will be dramatically reduced
• Fewer companies will get funded
• Number of venture funds will go down
• Returns for investors will go up
Governments must play active role as investors in VC funds
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