Conference_20130305_Erik Hagen

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Conference_20130305_Erik Hagen

  1. 1. Growth Entrepreneurship and Access toFinanceNordic Conference in Stockholm 5-6 March 2013Erik Hagen, Managing Partner
  2. 2. Viking Venture
  3. 3. Exits Viking Venture2003 2007 2009 2012 Aug 2003 Feb 2007 June Nov 2009 2011/12 Jun 2012 2007 Sold to Sold to Sold to Sold to Sold to Sold to Undislosed Undisclosed 750 mnok Undisclosed Undisclosed Undisclosed May 2007 June 2007 May 2009 March 2012 Dec 2012 Sold to Sold to Sold to Sold to Sold to Aqualyng Holding Undisclosed Undisclosed 287 mnok 157 mnok Undisclosed May 2007 May 2012 Sold to Sold to Undisclosed Undisclosed
  4. 4. Nacre
  5. 5. Returns from Nacre Investment Return X investment Inventors in SINTEF 0 5 infinity Key employees 1 75 75 Viking Venture 30 300 10 Government 17 324 19 Kilde: Bizweb, Nacre; tall inkl 2009
  6. 6. Nordic Venture Network • 12 firms with 3 billion EURO under management • 100 Investment professionals • 300 current investments • 175 exits to date
  7. 7. Nordics attractive region for startupsSource: Creandum
  8. 8. Examples of Nordic venture backed successes
  9. 9. Track record in the Nordics Source: Creandum
  10. 10. Annual VC investments in the Nordics; mEUR 487 405 388 284 257 2008 2009 2010 2011 2012 3K Source: Argentum
  11. 11. Annual VC investments in Norway; mNOK 2453 1874 1282 1208 600 444 2007 2008 2009 2010 2011 2012 Source : Norsk Venture Kapitalforening, Argentum
  12. 12. Number of Nordic VC investments per year 201 170 158 139 104 2008 2009 2010 2011 2012 3K Source: Argentum
  13. 13. Number of VC investments in Norway 71 53 40 40 35 24 2007 2008 2009 2010 2011 2012 Source: Norsk Venture Kapitalforening, Argentum
  14. 14. Annual Nordic VC exits 86 88 76 75 32 2008 2009 2010 2011 3Q2012 Source: Argentum
  15. 15. Nordic VC annual fundraising; mEUR 1233 836 740 669 510 407 408 2006 2007 2008 2009 2010 2011 Q1 - Q3 2012 Source: Argentum
  16. 16. Nordea´s allocation to Private Equity Source: Nordea
  17. 17. The challenge ahead Available venture capital will be dramatically reduced • Fewer companies will get funded Governments must play active role as • Number of venture funds will go investors in VC funds down • Returns for investors will go up

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