# Norsk Hydro ASA: portfolio, investments and team

> Norsk Hydro ASA is a corporate vc. 6 investments on record, latest Mar 2009. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/norsk-hydro-asa (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Norsk Hydro ASA

Last cheque observed Mar 2009. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Corporate VC

Growth Series A Venture

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 6 on record

Since the last cheque **6439** days **00** hrs **00** min **00** sec

Median round **$23M** Rounds led **0 of 6** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **Norway, 50%**

Pitch Norsk Hydro ASA

## Norsk Hydro ASA highlights

- 01 6 rounds on record
- 02 Mostly Growth and Series A: 67% of its rounds
- 03 Sole investor in 1 rounds, median $23M
- 04 1 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2009** 1 round
- **Mar** **[NorSun](https://millionrounds.com/company/norsun)** Growth · NO · in.reuters.com **$72M** With 2 others
- **2006** 4 rounds
- **Nov** **[Stingray Geophysical](https://millionrounds.com/company/stingray-geophysical)** Series A · GB **$1.3M** With 2 others
- **Nov** **[NorSun](https://millionrounds.com/company/norsun)** Venture · NO **$23M** Sole investor
- **Nov** **[NorSun](https://millionrounds.com/company/norsun)** Growth · NO **$106M** With 2 others
- **Mar** **[Stingray Geophysical](https://millionrounds.com/company/stingray-geophysical)** Venture · GB **$11M** With 2 others
- **2003** 1 round
- **Sept** **[Comverge](https://millionrounds.com/company/comverge)** Series A · US **Undisclosed** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Comverge](https://millionrounds.com/company/comverge)** Bought by [H.I.G. Capital](https://millionrounds.com/fund/h-i-g-capital) **Undisclosed** May 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**Technal Middle East** **$35M** Mar 2019

## The cheque

Growth Series A Venture

Median round joined **$23M** the round, not its cheque Alone, median **$23M**

Led 0 of 6 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Mar 2009
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Growth *2*
- Series A *2*
- Venture *2*

Cheques by year Led Joined

2003 2009

Often in the room with

- [Chevron Technology Ventures](https://millionrounds.com/fund/chevron-technology-ventures) 2
- [Energy Capital Partners](https://millionrounds.com/fund/energy-capital-partners) 2
- [Good Energies](https://millionrounds.com/fund/good-energies) 2

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## Who they invest alongside

The investors most often in the same rounds as Norsk Hydro ASA. A count of rooms they were both in, not a relationship either has claimed.

[**Chevron Technology Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/chevron-technology-ventures)[**Energy Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/energy-capital-partners)[**Good Energies** Family office **2** rounds together](https://millionrounds.com/fund/good-energies)

## Quick answers about Norsk Hydro ASA

### What does Norsk Hydro ASA invest in?

Norsk Hydro ASA invests most often at Growth and Series A (67% of the rounds on record).

### How active is Norsk Hydro ASA?

6 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2009.

### How big are Norsk Hydro ASA's cheques?

The median round it joins is $23M.

### Does Norsk Hydro ASA lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does Norsk Hydro ASA invest?

Most of the companies it backs are in Norway (50%), the United Kingdom (33%) and the United States (17%).

### Is Norsk Hydro ASA investing now?

No investments in the last 12 months; the latest was in Mar 2009.

### Who does Norsk Hydro ASA invest alongside?

Most often Chevron Technology Ventures (2 rounds together), Energy Capital Partners (2 rounds together) and Good Energies (2 rounds together).

### What kind of investor is Norsk Hydro ASA?

Norsk Hydro ASA is a corporate VC.

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