We have just announced our first investment in Norway. The company, Appear TV, is a Norwegian broadcast and IP television equipment provider with customers in more than 40 countries. It offers operators advanced equipment for delivering analog and digital broadcast services to their subscribers. Appear TV has experienced a tremendous development with revenue for 2008 growing to NOK 90 million in just 3 years and the company is foreseeing further strong revenue growth during 2009.
Often when comparing Nordic companies with for example US companies, the Nordic companies are very strong on technology but less so when it comes to sales & marketing. Therefore, it is really cool to see a company that manages to combine world-leading technology with extremely strong sales focus.
This means that we now really can claim to be a Nordic investor with portfolio companies in Sweden, Denmark, Finland, and Norway.
Read more in the press release