Conference_20130305_Erik Hagen
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Growth Entrepreneurship and Access to Finance Nordic Conference in Stockholm 5-6 March 2013 Erik Hagen, Managing Partner
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Transcript of Conference_20130305_Erik Hagen
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
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750 mnok
June 2007
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Undisclosed
May 2007
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Undisclosed
Feb 2007
Sold to
Undisclosed
June 2007
Aqualyng Holding
Sold to
Undisclosed
May 2007
2007
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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
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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
