Progressus AS (Progressus I) is the first fund managed by Progressus Management AS. The fund was established late 2006 and has a committed capital of MNOK 472 (approx. MUSD 80).

The fund invests in high growth companies with international potential within the Oil & Gas and Information & Communication Technology sectors. The companies must have unique technologies and/or services and strong positions in the marketplace to serve as a platform for ambitious growth plans. Visible and credible exit routes must also exist.

The fund’s equity investment level is between MNOK 20 and MNOK 120 for each portfolio company.

Progressus is the Latin word for Growth, Progress and Development. Our name and logo symbolize our ambition to provide superior returns to our investors through the growth and development of excellent companies.

We believe great companies are developed through excellent leadership and strong management teams. We stimulate management to inspire enthusiasm among customers, employees and business partners – to create a winning culture throughout the organisation.

Progressus Management AS has a strong focus on business ethics and corporate governance, and defines this as core values both in own operations and in the operations of our portfolio companies. Customers, employees, co-owners, suppliers and public authorities shall have full confidence in Progressus as an owner and in the management of our portfolio companies.

Progressus Management AS is a full member of the Norwegian Venture Capital Association (NVCA), and has adopted the NVCA Ethical Guidelines: http://www.nvca.no/foreningen/index.aspx?mid=1044&cat=1717.