Frøya Ventures Fund I Reaches Major Milestone with EuVECA License Approval

We are thrilled to share that Frøya Ventures Fund I has been granted the EUVeCA (European Venture Capital Fund) license — a major regulatory and strategic milestone that marks a new chapter in our journey to back exceptional female founders and build a more inclusive innovation ecosystem.



Gaining this license is far more than an administrative step — it is a clear validation of our professionalism, structure, and long-term ambitions. The process involves meeting strict requirements for fund governance, investment strategy, transparency, and compliance. Being approved as an EuVECA fund means that we are now officially recognized as a professional fund manager under EU law, held to the same standards of integrity, accountability, and operational excellence as other leading European venture funds.

Importantly, the EuVECA license gives us the right to market our fund across the entire European Economic Area, with a simplified and harmonized regulatory process. This opens doors to a broader base of international investors who share our vision — and allows us to scale our impact beyond national borders.

At Frøya Ventures, our mission has always been clear: to build a more inclusive innovation ecosystem with the potential to drive real change in our investment themes technology, sustainability and circular economy. We know that talent is everywhere, but opportunity and access to investments is not. The EuVECA license helps bridge that gap by giving us the tools to raise capital more efficiently and invest in more founders with bold ideas and global potential.

We’re incredibly proud of what this milestone represents, and deeply thankful to everyone who has helped us get here.

A special thanks goes to our legal advisors at Thommessen, whose expertise, clarity, and commitment have been absolutely essential throughout the licensing process. Navigating regulatory complexity takes skill and persistence, and we couldn’t have asked for a better partner.

To all our early supporters, partners, and believers — thank you for being part of our journey so far. This is just the beginning. With the EuVECA license in place, we are more ready than ever to build a thriving, diverse venture ecosystem across Europe.