About us
We are a 300M NOK early-stage venture fund in Norway to back European industrial software technology startups, that use data and technology to make industry more efficient, sustainable, and reliable.
RunwayFBU was founded in 2021 by Kjell Inge Røkke, among the most successful entrepreneurs in the Nordics, and Tor Bækkelund, former co-founder of StartupLab.
We believe the use of data and technology is instrumental in creating value. And this value within the Industrial ecosystem is an untapped opportunity, where winners within this space will be determined over the next 10 years.
Our beliefs
Efficient – produce at low cost while remaining safe and profitable.
Sustainable – reduce negative environmental, social or governance impact.
Resilient – resist, recover or even innovate in times of significant disruptions.
"Don't wait for the future – let us help you build it!", Kjell Inge Røkke
Our investment strategy
We target each layer of the industrial software stack:
Digital Infrastructure
These are secure and scalable systems enabling the modern industry software stack itself, such as technology related to Cloud, DataOps, DevOps, Cyber Security etc. Notable companies from Norway such as Cognite and Ardoq have already made an impact within this space.
Digital Platforms
Data-driven and collaborative platforms transforming how a specific industry operates and produces. Modern day digital engineering workspaces such as Aize, or b2b marketplaces like Forto are changing the way industry makes and executes decisions.
Digital Business Processes
Interconnected and collaborative systems replacing time-consuming transactional and manual tasks. Next generation HR, legal, fintech etc. tools are forever changing the operational landscape of industries. Just Technologies and Pipedrive as an example have created a new market category for themselves by digitizing manual operations.
Our investments themes
Four digitalization themes, we believe Nordics will lead:
Digitalization of Electricity
By transitioning to clean energy sources, adopting electric technologies, and implementing smart grids, we can reduce carbon emissions, promote energy efficiency, and create a more sustainable and resilient energy infrastructure, empowering an efficient society.
Transformation of Value Chains
By integrating data-driven technologies, adopting innovative logistics solutions, and implementing resilient procurement strategies, we can reduce inefficiencies, promote transparency, and create a more sustainable and responsive supply chain infrastructure.
Reshaping Work Productivity
Reshaping work productivity is a powerful catalyst for driving global economic growth. Enhanced efficiency not only amplifies output, but also fosters innovation, agility, and enables sustainable practices in an increasingly complex and regulated market landscape.
Accelerating Industrial Output
By harnessing the power of robotics, automation, and AI-driven systems, industries can significantly streamline processes and production, assign human resources to higher-value tasks, and reduce emissions, resulting in resilient and sustainable industries.
FAQ
Is RunwayFBU a corporate venture?
I have a tech startup, and want to apply for capital. How do I proceed?
I want to apply to be a member of the Tech Hub. How do I proceed?
What can RunwayFBU offer me?
What requirements do I need to fulfill?
I'm curious... what does "Runway + FBU" mean?
Contact
