CVX Ventures expands to Norway and Sweden: Aiming to become the leading venture investor in the Nordics

Management team of CVX

CVX Ventures is expanding to Norway and Sweden, which is seen as an important step in its efforts to become the leading venture investor in the Nordics.

Investment company CVX Ventures takes a significant step forward on its growth journey by opening offices in Norway and Sweden, more specifically in Oslo and Stockholm. This expansion is an integral part of the company’s ambitious goal to position itself as the leading venture capital investor in the Nordics. The key idea behind CVX is that the best investors are those who can offer growth companies capital, network, time, experience and expertise – for example in the form of board work – and not just the capital part, which many of the current investors in the market primarily offer.

The new expansion includes the creation of Partner Relations departments in Oslo and Stockholm that will focus on building relationships and networks with local investors and startups, which is a crucial component of CVX’s successful business model.

Mikkel Fruergaard, CEO & Partner at CVX Ventures, says: “The goal of our expansion is to replicate the success we have had in Denmark in our neighboring countries. We bring our unique approach to venture capital, combining capital with experience, deep expertise and personal networks.” With this expansion, CVX Ventures seeks to strengthen its presence in the Nordics and create an even larger platform that connects capital and competencies across the region. Fruergaard adds: “We see huge potential in the Norwegian and Swedish markets. Both countries have a thriving startup culture and a strong tradition of innovation. Our goal is to bridge the gap between talented entrepreneurs and experienced investors to create growth successes and thus boost the Nordic economy.”

Thoroughly analyzed preparatory work

Founded in 2020, CVX Ventures has already built a robust community of over 750 Business Angels, consisting of investors, entrepreneurs and people from the top of Danish business. To date, CVX Ventures has helped more than 150 growth companies either obtain investments and/or find the right candidates for boards and advisory boards. The company invests broadly in Nordic growth companies, with a particular focus on early-stage and growth companies with sound financials and strong growth plans across

Mikkel Fruergaard emphasizes: “Our investment team plays a crucial role in identifying and analyzing the most promising growth companies. Any company we consider investing in undergoes a thorough analysis and all terms are fully negotiated and accepted by our own investment committee before being approved to present to our partners. This ensures that we only invest in high-quality startups and growth companies with strong growth potential.”

The expansion to Norway and Sweden represents only the first steps in CVX Ventures’ ambitious plans to expand further into the European market.

For further information, please contact us:

Name: Kim Jessica Axholt
Position: CMO
Phone: 93 89 40 08

About CVX Ventures

CVX Ventures is a venture capital firm based in Copenhagen, Denmark. Since its founding in 2020, the company has specialized in connecting investors and startups with a special focus on bridging the gap between capital and competence. CVX Ventures has built a robust community of over 750 Business Angels,
investors, entrepreneurs and business people in Denmark. The company has helped more than 150 companies through investments and board positions, and more than 200 of their partners have taken active positions as investors, board members or advisors. With a strong presence in Denmark, CVX Ventures continues to develop and strengthen the Nordic entrepreneurial environment.

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