InITIATOR AND MANAGER OF THE INVESTMENT COMPANY NOVELA
Novela is an investment company based in Ålesund. It is owned by key members of regional industry who possess broad knowledge, unique experience and a large personal network. Novela focuses on the Northwest region of Norway and is an active owner that works closely with each company to drive growth and increase values.
Novela Management, wholly owned by Converto, initiated the foundation of Novela in 2015 and is responsible for management and daily operations of Novela. All human resources are based in Converto and work in dedicated teams on each Novela investment.
MANAGER OF MIDVEST FONDENE SINCE AUTUMN 2016
Converto is the manager of Midvest Fondene since November 2016. The two venture funds have a combined portfolio of nine small and medium-sized enterprises in Trøndelag and Møre og Romsdal in Central Norway. The funds have a total capital base of NOK 254 million and is formally headquartered in Namsos, Trøndelag. The investments are channeled through two separate legal entities, Midvest I AS and Midvest II AS. The companies are part of a nationally sanctioned scheme for regional venture funds, administered through government-owned Innovation Norway.