Are you wondering what we are looking for? What your company can expect both before and after an investment? 
If so, 

If we see a good fit with our mandate we will start analyzing your company, solution or technology in depth. Our investment process involves detailed scrutinization of various elements of the proposed investment prospect. This  includes technology robustness, market relevance and potential value - and 

 A positive outcome of the in-depth analyses could potentially lead to an initial investment from Sarsia.

Sarsia take a long-term perspective when it comes to financing, and prospects are supported through progressive rounds of capitalisation.

A typical first round of investment will be on the order of 2-5 million NOK, for a 10% to 40% ownership stake. If we see ambition and dedication, a realistic development plan and a credible team combined with innovative research or technology, the total investment from Sarsia can, in time, reach 30–40 million NOK.

When we invest, we try our utmost to "get it right first time". This can only take place as a group effort between us and yout team. Working together, we map out a company's development plan, defining the company’s goals and creating a realistic plan for a profitable and sustainable business through a close, respectful collaboration with the company's management. We are active within the various companies in our portfolio, always retaining a position on the board. Our goal is to ensure best decisions being made on the path towards value inflecting milestones ultimately giving a profitable and sustainable business.

Approach

First up is LSX Nordic Congress in Copenhagen 10-11 October, the leading senior executive strategy, investment and partnering conference for the Nordic region for biotech, medtech and healthtech. Farzad will be a panel member in the Biotech Leaders Plenary Session looking into resources needed to help biotechs grow in the Nordics.

https://www.lsxleaders.com/lsx-nordic-congress



Later this year he will be attending MedFit 2023 in Marseille (12-13 December) where he will share his experiences related to biotech start-up governance and good foundation for growth. BiFIT is the leading European partnering event for for early-stage life science innovations stemming from public research institutions, academic spin-offs and emerging biotech companies. 

Meet us at LSX Nordic and BioFIT this fall 

Henrik has 30 years experience with commercialization, financing, financial restructuring, mergers & acquisitions. The last years before joining Sarsia, he worked with commercialising results from research, and from his positions as CFO of NORCE and TTS and as partner with EY, he has led professional teams in Norway and European and Asian countries. He has a deep understanding of corporate management, financial management and control, corporate legal requirements, and transactions.

Henrik Solberg-Johansen joins the Sarsia team

, announces that the first cohort of healthy volunteers have successfully been dosed with AX-202 – a first-in-class anti-S100A4 monoclonal antibody (mAb). The trial is led by Professor David Singh at the Medicines Evaluation Unit in Manchester, UK.

The double-blind, placebo-controlled trial aims to establish the safety and tolerability of AX-202 and is expected to enroll a total of 40 healthy volunteers and 18 patients with mild to moderate psoriasis. Trial results are expected in 2024, aiming to support the initiation of a clinical program in patients with systemic sclerosis.

Systemic sclerosis is a rare, life-threatening disease characterized by progressive fibrosis involving the skin and internal organs. Current treatment options are limited and new disease-modifying therapies are needed to improve and extend the lives of systemic sclerosis patients.

Arxx Therapeutics initiates first-in-human trial

Until September 1, Sveinung will hold the position of Senior Partner in the company and mainly work on activities related to raising a new medical investment fund, Sarsia Fund IV.

Current Managing Partner, Erlend Skagseth, will transition to the position of Senior Partner from September 1 and continue to work with Sarsia's portfolio companies, with a special focus on preparations and execution of divestment processes.

Sveinung Hole comes from the position of CEO of Trond Mohn Foundation and Kristian Gerhard Jebsen Foundation. Trond Mohn Foundation has been a significant supporter of Sarsia Funds for many years and is the Funds' third-largest investor. Prior to this, Sveinung was a co-founder and Managing Partner of Sarsia Management from 2007 to 2016 and is thus familiar with the business. Sveinung has been on the board of Sarsia Seed Fund I and chairman of the board of Sarsia Seed Fund II since 2016.

Sveinung has an extensive network within Norwegian private equity, the Norwegian healthcare industry, and Norwegian business and society. From 2019-2021 he led "HelseOmsorg21 Rådet" appointed by the Minister of Health. He has been on the board of Health Bergen HF, the Norwegian Venture Capital Association, and has extensive board experience from listed and privately owned companies, investment funds, and various public positions.

"We must continue to create profitable growth companies based on Norwegian technology. Sarsia is a fantastically competent investment environment built up over 17 years, and among the most profitable early-stage venture investors in the Nordic region over the last 20 years. It is great to have the chance to lead Sarsia for another stage," says Sveinung Hole.

"We are delighted to have Sveinung back on the team; he has the experience and all the qualities needed to lead Sarsia Management and Fund to the next level. Welcome Sveinung!" says Erlend Skagseth.

Sveinung Hole to become new CEO in Sarsia

Cochlear Limited, the global leader in implantable hearing solutions, has signed a deal to explore compatibility of the OculAudio ® smart multiple microphone beamforming technology in combination with Cochlear’s latest generation sound processors.

The collaboration aims to test performance of the OculAudio ® eyeglass-based system as part of an implantable hearing solution with potential to provide Cochlear’s implant recipients with a unique external accessory designed to enhance hearing in noisy environments.

The development program will be funded jointly by

OculAudio ® Corti AS, and Cochlear Limited and Cochlear has made their first investment in Oculaudio® Corti AS.

We are intrigued to enter this collaboration with world leader Cochlear which has the potential to develop a new and even better hearing experience for users of cochlear implants”, says Tom Austad, CEO of OculAudio ® Corti AS.

OculAudio signs deal with hearing implant giant

The BoD of Swedish company Coegin Pharma AB (COEGIN:Nordic GM) has decided to raise 25,3 mSEK through a combination of a preferential rights issue and a new issue. The funds will be used for further strategic development of several projects in Coegin's portfolio of subsidiary companies.

Coegin Pharma raises 25 mSEK

The American biotech company Rallybio (NASDAQ:RLYB) yesterday published data from animal studies confirming potential prophylactic potential of a hyperimmune-based concept for prevention of the rare condition FNAIT i newborns. The concept is based on research from UNN/UiT and further developed by Sarsia portfolio company Prophylix Pharma

Rallybio publishes promising results with technology aquired from Prophylix Pharma

Nykode Therapeutics ASA today announced that it has entered into a clinical collaboration and supply agreement with MSD, to evaluate Nykode’s wholly-owned lead candidate, VB10.16, in combination with MSD’s anti-PD-1 therapy KEYTRUDA® (pembrolizumab) in a Phase 1/2a trial in patients with HPV16-positive head and neck cancer.

Nykode Therapeutics announces clinical collaboration with MSD 

In a joint project between the two companies, 

 will instrument multiple important power lines with the neurons from Heimdall Power. The lines in question are leading into an industry park, which is requesting increased load to enable the establishment of a green hydrogen production plant.

The existing, conservative, models currently indicate that there is not enough capacity to meet the increased load that’s required. This is now going to change, as the neurons from Heimdall Power will provide insight into the true capacity in this part of the grid. The dynamic capacity can then be utilized, with the production of green hydrogen as a flexible load.

Heimdall Power partners with Lede to enable green hydrogen production

The company, currently conducting a phase I/II trial with lead candidate AVX001 in actinic keratosis and preclinical development of AVX420 in leukemia and chronic kidney diseaese. Through the merger Coegin strengthens its drug development portfolio by putting strong focus on diabetes complications.

Coegin Pharma merges with Follicum

BerGenBio announces the the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation for bemcentinib in combination with and anti-PD-(L)1 agent for the treatment of patients with AXL-positive advanced/metastatic non-small cell lung cancer (NSCLC).

Bergenbio receives FDA fast track designation for bemcentinib

The study will be initiated and conducted by a top Key Opinion Leader in a prominent health care institution and sarcoma research clinical center in the United States. The clinical study, which will be supported by the Company, is scheduled to start in Q3 2021. First efficacy data are expected in the second half of 2022.

APIM Therapeutics completes private placement and enters phase-2

The trial will be conducted in Australia, South Korea and Taiwan.

APIM Therapeutics announces IND for ATX-101 in Ovarian Cancer

Arxx Therapeutics secures NOK110

Saga Pure will hold 16,5 percent of the company following the transaction, and will be appointed to the Board of Directors.

– Heimdall Power is an extremely exciting technology company with proprietary smart grid solutions that help grid companies digitalize their power grids and improve operations. 

– The electric grid is the worlds’ largest man-made machine, spanning the entire globe. It’s also an essential infrastructure to enable a sustainable, green energy transition. However, the grid needs to become smarter and more digital like everything else. It needs an upgrade to prepare for a new energy future. Heimdall has a proven technology which combines state-of-the-art sensors with artificial intelligence to ensure optimized grid performance. We look forward to supporting the company in the upcoming growth and expansion phase,» says Bjørn Simonsen, CEO of Saga Pure.

Existing owners will also participate in the capital increase. Investinor enters with 30 mNOK. Sarsia, BKK Spring, Lyse Vekst and Hafslund Ny Energy contribute a total of NOK 20 million, equally distributed.

– This transaction confirms the potential we saw in Heimdall Power when we invested in the company right after the start-up, says Jon Berg, partner in Sarsia.

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