AV Group Ltd. Launches Singapore Based Fund
AV Group Ltd. (“AVG”) is a Cayman based asset manager with offices in New York, Cayman Islands, Norway and Singapore with a focus on growing Norwegian based ESG and Impact companies globally.
AVG has just launched a Singapore based Fund called the “Elite Innorvate Fund Pte Ltd.” in conjunction with their strategic investment partner, Elite Partners Capital Ltd. This Fund has a particular focus on bringing Norwegian companies to SE Asia and China in order to build upon the Polar Silk Road initiatives. AVG has partnered with Elite Partners Capital Ltd. to help Norwegian companies find strategic partners throughout Asia. The target AUM for the first Fund in Singapore is US$50 million.
The Fund’s first investment of (US $2.2 million) is Tag Sensors from Mo I Rana Norway. Tag Sensors has developed a low-cost, printable temperature sensor that can be attached to a product or package, facilitating continuous tracking of an item’s temperature from production to consumption.
AVG has been a strategic partner to Tag Sensors since 2015 and helped their company raise the first investment capital from Platform Ventures in 2016 (US $1.25 million). This allowed the company to obtain matched government funding from Innovation Norway, a key component to the strategic growth of the company.
AVG has also launched a second Fund called the Norwegian Innovation Fund, LP, with a target capital raise of (USD $200 million). Complementing the Singapore based Fund, the Norwegian Innovation Fund, LP will expand upon ESG and Impact tech companies. The investment focus is on the strategic core areas of Norwegian growth which are clean tech, smart city/society tech, ocean space tech and the strategic core areas of Norwegian growth. The Norwegian Government provides strategic financial matches to investments in these core areas to which the Fund optimizes for each of the portfolio companies.
The Official signing ceremony of Tag Sensors was attended by AVG’s Singapore based managing partner, Arnie Chaudhuri, Knut Nygaard of Tag Sensors, her Excellency Anita Nergaard, and Innovation Norway’s Director and Commercial Councellor Pal Kastmann.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190710005878/en/
Contact information
Karl Andersen
karl@avgrowth.com
www.avgrowth.com
+1 (212) 922-9088
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
GrAI One – the World’s 1st AI Chip for Ultra-Low Latency at the Edge23.10.2019 18:15:00 CEST | Press release
GrAI Matter Labs (aka GML) today announces GrAI One – the world’s first AI processor optimized for ultra-low latency and low power processing at the edge. GrAI One, the first chip based on the company’s NeuronFlow technology, drastically reduces application latency, for instance, it reduces the end-to-end latencies for deep learning networks such as PilotNet to the order of microseconds. NeuronFlow combines the dynamic dataflow paradigm with neuromorphic computing to produce massively parallel in-network processing. GrAI One is targeted at response-critical edge applications in autonomous navigation, human-machine interaction and smart healthcare markets. The fully digital chip measures 20mm2 in TSMC 28nm technology and implements a mesh of 196 neuron cores with local neuron/synapse memories for a total of 200,000 neurons. It provides a GPIO interface to offload latency-critical AI workloads of a host processor. At 100% neuron core utilization, GrAI One consumes as little as 35mW. GrAI
Softomotive Named a Strong Performer Among Robotic Process Automation Vendors by Independent Research Firm23.10.2019 16:18:00 CEST | Press release
Softomotive announced today it has been positioned as a Strong Performer in The Forrester Wave™: Robotic Process Automation, Q4 2019 report. According to the Forrester report, Softomotive received the highest possible score in three categories, including the Innovation/market approach/access to capital, product roadmap and differentiation, and Enterprise RPA customers criteria. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191023005637/en/ Softomotive Named a Strong Performer in The Forrester Wave™: Robotic Process Automation, Q4 2019 report. According to the Forrester report (Graphic: Business Wire) Softomotive believes that this report arrives at a time of huge growth in the category, with companies focused on not only adopting RPA technology, but being concerned about how to scale and empower their workforce. This shift has driven a 2x increase in customer count year over year for Softomotive as it expands its global rea
Citi, OPIC and Ford Foundation Launch Scaling Enterprise, a $100MM Financing Partnership to Support Social Enterprises23.10.2019 16:00:00 CEST | Press release
Citi Inclusive Finance, the Overseas Private Investment Corporation (OPIC) and the Ford Foundation today introduced Scaling Enterprise, a $100 million loan guarantee facility, which will enable Citi to provide early-stage financing in local currency to companies that expand access to products and services for low-income communities in emerging markets. The announcement was made at the 2019 SOCAP Conference. Loans and working capital in local currency and at affordable rates can enable early-stage social impact companies to achieve scale, greater efficiencies and lower costs. Scaling Enterprise will facilitate vital growth financing to eligible companies that are expanding access to finance, agriculture, energy, affordable housing, water and sanitation to low-income households in emerging markets. Marking the first two transactions under Scaling Enterprise, the partners have committed $5 million in financing to INI Farms to help smallholder banana and pomegranate farmers in India access
Velodyne Announces ADAS Collaboration with Hyundai Mobis23.10.2019 12:00:00 CEST | Press release
Velodyne Lidar, Inc. today announced an agreement with Hyundai Mobis to launch a new lidar-based advanced driver assistance system (ADAS) that integrates Velodyne lidar technology and Hyundai Mobis cognitive software. The Velodyne Velarray™-based system is designed specifically for ADAS in consumer vehicles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191023005425/en/ Velodyne Lidar announced an agreement with Hyundai Mobis to launch a new lidar-based ADAS system that integrates Velodyne lidar technology and Hyundai Mobis cognitive software. (Photo: Velodyne Lidar). "Hyundai Mobis is delighted to cooperate with Velodyne Lidar, one of the industry's most innovative lidar sensor providers, to launch a lidar system that is essential in high level autonomous driving," said Ko Youngsuk, Head of the Hyundai Mobis Strategy Planning division. "The Velarray, utilizing Velodyne’s industry-leading sensing technology, meets the deman
GSMA and Sónar Release First Details of xside23.10.2019 11:00:00 CEST | Press release
The GSMA’s successful Four Years From Now (4YFN) start-up platform and Sónar, the international festival devoted to advanced music, creativity and technology, today announced further details of their hotly anticipated co-curated event, xside. Taking place within the 4YFN venue, from 24-26 February 2020 at Fira Montjuïc, in parallel to 4YFN and MWC Barcelona 2020, xside is a new gathering including conference, networking and music to explore the role technology, design and innovation play in the future of creativity, cultures and business. As the creative heart of 4YFN and MWC Barcelona, xside is designed to create links between Sónar’s audience of creative communities, and the technological and entrepreneurial attendees of the world’s largest mobile event. It is the first integrated convergence event of its kind on this scale, co-created by leading event brands of music, creativity, technology, design and entrepreneurship. xside will welcome over 25,000 attendees across three days and
SES and Thales Reach Record Speed and Enhanced Coverage via Integrated GEO/MEO Network, Raise Bar for Inflight Connectivity23.10.2019 06:55:00 CEST | Press release
SES and Thales have taken inflight connectivity to a new level, successfully demonstrating uninterrupted access to high-throughput broadband applications for the first time over a platform supporting multi-orbit interoperability, switching seamlessly between SES’s geostationary (GEO) and O3b medium earth orbit (MEO) satellite beams. The demo flight from Melbourne, Florida to the Atlantic coast of Nicaragua saw dozens of switches successfully completed between GEO and MEO beams, and between multiple MEO satellites within a beam, using the Hughes JUPITER(TM) Aeronautical system high performance airborne modem system, SES and Thales announced today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191022006244/en/ SES and Thales Reach Record Speed and Enhanced Coverage via Integrated GEO/MEO Network, Raise Bar for Inflight Connectivity (Photo: Business Wire) Engineers aboard the test flight were able to simultaneously use a broad