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

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