Viking Venture

Viking Venture is a prominent Norwegian growth equity firm headquartered in Trondheim, specializing in B2B SaaS companies poised for significant international expansion. With a dedicated focus on the software sector, the firm provides both crucial capital and strategic operational support to help its portfolio companies achieve global market leadership. Their investment philosophy is centered on identifying mature, yet rapidly growing, software enterprises that have demonstrated a strong product-market fit and are ready to scale beyond their initial markets.

The firm typically targets companies with established recurring revenue streams, specifically looking for businesses with annual recurring revenue (ARR) generally ranging from €2 million to €10 million. Viking Venture aims to become a significant, often majority, owner in its portfolio companies, enabling them to actively participate in strategic decision-making and value creation. Their initial investment for a first cheque typically falls within the range of €5 million to €15 million, providing substantial capital for key growth initiatives such as internationalization, product development, and strategic acquisitions.

Beyond financial investment, Viking Venture offers extensive operational expertise, leveraging its deep understanding of the B2B SaaS landscape. They provide hands-on support in critical areas including mergers and acquisitions, international market entry strategies, organizational development, and talent acquisition. This active operational engagement is a cornerstone of their strategy, designed to significantly accelerate the growth trajectory of their portfolio companies. The firm has a robust fundraising track record, successfully closing Viking Venture VIII at €200 million in 2022, and more recently, Viking Venture IX, which secured €250 million in 2024, reflecting strong investor confidence in their specialized model and consistent performance.