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Telenor Venture AS, the venture capital arm of the Telenor Group, was founded as TeleVenture AS in April 1993. In 1998 it was decided to form a management company, TeleVenture Management AS.
The management company was set up separately from the VC fund to further strengthen and clarify roles and structure, and to enhance the fund managers’ incentive system and enable the establishment of additional venture capital funds.