# Top 50 Artificial intelligence Startup Investors in Norway in October 2023

## Investinor
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Manufacturing

Investinor invests in Norwegian based, high potential companies that are internationally oriented and in the phases ranging from early growth to expansion. The company has BNOK 4.2 ($500 m) under management and focus on companies within the internet, software, semiconductors, energy, cleantech, marine and life sciences sectors.

## Skyfall Ventures
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 7
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, Artificial Intelligence

We are an early stage venture capital firm based in Oslo, Norway. 

## SNÖ Ventures
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, SaaS, Video Games

SNÖ is an early stage venture capital firm that empowers Nordic technology entrepreneurs and startups. They founders are builders and entrepreneurs themselves, with unique digital expertise, and are extremely passionate about the various aspects that make a startup succeed.SNÖ is based in Oslo, Norway. It was founded by Magne Uppman and TeodorBjerrang in 2015.

## Alliance
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Information Technology, Analytics

Alliance Venture is a Nordic venture capital firm investing in exceptional early-stage tech companies and purpose-driven founders.

## Concentric
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: Financial Services, Software, E-Commerce

We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter.

## Idekapital
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

We manage two investment funds with more than 1 bn NOK under management. We invest in high-growth software and technology companies.

## ProVenture
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Oil and Gas, Software, Information Technology

ProVenture invest in young digital technology startups in Norway. ProVenture have three seed funds and more than a billion NOK under management. ProVenture is a member of Norwegian Venture Association (NVCA).

## Arkwright X
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, PaaS

Arkwright X is the place for aspiring startups to innovate and develop. We accelerate your journey to success through a pre-seed capital injection, top quality working environment, strategy sparring & advice, and access to Arkwright's extensive network.

## Kistefos Venture Capital
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, FinTech, Financial Services

Kistefos focus on investing between NOK 10m and NOK +100m in each company, aiming at obtaining a significant ownership stake. Kistefos is opportunistic with regards to sectors, company sizes, life-cycle stages and geographies. Kistefos’ investment strategy selectively seeks out a diverse range of proprietary transactions in companies of varioussizes, including build-ups, growth capital, rescue financings and buyouts.Kistefos is an active partner to the management teams and founders, providing considerable internal resources to ensure the long-term value creation through identification of the key value drivers. Furthermore, we operate under a flexible investment mandate, giving us the opportunity to optimally support our portfolio companies throughout our ownership period.

## Valinor AS
- Type: VC Fund
- Location: Stavanger, Rogaland, Norway
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Renewable Energy, Robotics, SaaS

Established in 1996 as Norsk Vind AS, re-branded Valinor AS in 2019, the company is a family owned investment firm that holds controlling interest in Norsk Vind Energi AS, Norway's largest private wind company. The company re-invests 90% of its profits into clean tech and renewable energy companies worldwide. Its largest investments includeglobal leader in electricity infrastructure Zaptec, and solar energy developer Norsk Solar AS.

## Antler
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, SaaS

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

## DNB
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- Stages: Seed, Post-IPO Debt
- Focus: Energy, Banking, Software

DNB is a financial services group that offers financial services through mobile, online banking, bank offices, and international offices. The Group provides a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. The company’s personal banking products andservices include savings and investment products.DNB offers its products and services to various sectors, including financial institutions, energy, manufacturing, healthcare, packaging, and forest products, shipping, offshore, and logistics, seafood, and telecom, media, and technology. They also distribute its products and services through its branches, in-store postal and banking outlets, and post office counters.DNB was founded in 1822 and is headquartered in Oslo, Norway.

## Stratel
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- Stages: Seed
- Focus: Robotics, Software, 3D Technology

Stratel AS is a family owned Norwegian investment and development company, founded in 1976 by Reidar Lorentzen. Stratel invests in entrepreneurs and companies with high ambitions, positive impact and a promising value potential. We invest in both startups, ventures and mature businesses.
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Their investment philosophy is for Fun, Sense and Profit.

## Arali Ventures
- Type: VC Fund
- Location: Bangalore, Karnataka, India
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Artificial Intelligence, Software, Machine Learning

We are a seed fund focused on enterprise tech businesses out of India. We invest early, help build the venture with the promoter teams.

## Construct Venture
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Information Technology, Real Estate, Information Services

Construct Venture is a NOK 80M joint fund between AF Gruppen and OBOS making investments in building and construction industry.

## TRK Group
- Type: VC Fund
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Artificial Intelligence, SaaS, Internet

An Oslo-based Advisory and Active Ownership Firm.

## Nicolaj Nielsen
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: Information Technology, Artificial Intelligence, SaaS

Nicolaj nielsen is an investor at IDUN audio. attended INSEAD MBA, General Management.

## Butterfly Ventures
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, Information Technology

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

## Innovation Norway
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 2
- Stages: Grant, Seed
- Focus: Software, Information Technology, Artificial Intelligence

Innovasjon Norge - vi gir lokale ideer globale muligheter

## Lyse Group
- Type: VC Fund
- Location: Stavanger, Rogaland, Norway
- Relevant deals: 2
- Stages: Seed
- Focus: SaaS, Water, Analytics

Lyse er et norsk industrikonsern med virksomhet innen energi, telekommunikasjon og infrastruktur.

## Anne Worsoe
- Type: Angel
- Location: Oslo, Oslo, Norway
- Relevant deals: 2
- Stages: Pre-Seed, Angel
- Focus: Artificial Intelligence, Information Technology, Financial Services

I work with early-stage technology startups and founders with ambitions to solve global challenges. I'm co-founder and partner at Farmhouse, investing primarily in Norwegian startups, and a venture partner at Antler, a global early-stage VC. Previously, I held the position as Portfolio Manager and Partner at B&B while the company scaledfrom 16 to 60+ people in three countries. I initiated and co-founded the co-working space Nordic Innovation House in Silicon Valley, explored new business opportunities in the renewables industry and I was the first CEO of the Norwegian Venture Capital & Private Equity Association. I have experience as a co-founder, angel investor, member of the Board of Directors for startups and VCs, focusing on early-stage ventures, growth, and internationalization. I'm passionate about helping startups scale their impact, and especially empowering female co-founders and angel investors.

## Simula Innovation
- Type: VC Fund
- Location: Fornebu, Akershus, Norway
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: Software, Machine Learning, Artificial Intelligence

Simula Innovation is an early-stage technology investor.

## Bogomil Balkansky
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Enterprise Software

Bogomil Balkansky is a Partner at Sequoia Capital.
He started his career as a management consultant at McKinsey & Company. Bogomil holds a bachelor of arts in Mathematics from Cornell University and an MBA from Stanford Graduate School of Business.

## David Clarke
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, SaaS

David Clarke is the Venture Partner at Frontline Ventures. He attended Trinity College Dublin during 1989-1993.

## VNTRS
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: SaaS, Software, Data Center

We're a tightly-knit venture studio looking for more people who can join us on our journey toward turning more good ideas into great ventures. Ventures that can make the world a better place. 

## Maki.vc
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, E-Commerce

Maki.vc is an early-stage venture capital firm partnering with deep tech & brand-driven startups obsessed with challenging category norms. 

## Sondo Capital
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Other, Design

Investing 1 - 5MNOK in pre-seed and seed stage teams with a link to Norway.

## Eytan Elbaz
- Type: Angel
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Internet, Software, SaaS

Eytan Elbaz - Co-Founder & Chief Strategy Officer @ Afterparty

## Skagerak Maturo
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

As an early stage venture firm, we invest in companies with positive impact. Megatrends like climate change and resource scarcity are some of the challenges we are facing. We believe technological innovations will contribute to a positive impact on people and the planet.

## Saudi Aramco Energy Ventures
- Type: VC Fund
- Location: Dhahran, Ash Sharqiyah, Saudi Arabia
- Relevant deals: 1
- Stages: Series C, Series B
- Focus: Energy, Oil and Gas, Software

Saudi Aramco Energy Ventures is the corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia),SAEV also operates through regional offices in North America and Europe. SAEV's Objectives are: - Enhance reserve identification, management and production
- Increase energy production
- Improve operational efficiency
- Increase value in downstream processes
- Optimize energy & water consumption in Saudi ArabiaSAEV's investment Focus Areas are: - Upstream Oil & Gas
- Downstream & Petrochemicals
- Sustainability
- Digitalization and IR4.0
- New Drivers of Hydrocarbon Demand

## Coalition for Epidemic Preparedness Innovations
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Grant, Seed, Post-IPO Debt
- Focus: Biotechnology, Health Care, Pharmaceutical

CEPI is an alliance to finance and coordinate the development of new vaccines to prevent and contain infectious disease epidemics.

## TeleVenture Management
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Manufacturing, Software, Information Technology

Making Venture Happen. Televenture is one of the leading venture capital companies in Norway.

## The Index Project
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Artificial Intelligence, Chemical, SaaS

Design to improve life is about solving real problems, small and large, simple and complex, systemic and emerging and is a life-long pursuit. The Index Project is a call to action. Are you in?

## Beat Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed
- Focus: Software, SaaS, Internet

Beat Ventures invests in people-centered technology companies reshaping the future of work.

## Chris Murphy
- Type: Angel
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Information Technology

Chris Murphy is a Venture Partner at MS&AD Ventures. He previously worked at SaaStock and attended Dublin City University.

## Anders Lassen
- Type: Angel
- Relevant deals: 1
- Focus: Video, Mobile, Big Data

Anders Lassen

## Per Lachenmeier
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Robotics, Software, Industrial Automation

Per Lachenmeier is CEO of EasyRobotics. He is a mechanical engineer and was previously the CEO of Lachenmeier ApS for 16 years. Lachenmeier ApS, is a world leader in the production of pallet packaging machines for the global market.

## Tiger Global Management
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, FinTech, Financial Services

Tiger Global Management is an investment firm that deploys capital globally.Tiger Global seeks to earn superior risk-adjusted returns for its investors over the long term. The firm’s fundamentally oriented investments focus primarily on the global Internet, technology, telecom, media consumer, and industrial sectors. The private equity strategyhas a ten-year investment horizon and targets growth-oriented private companies. The public equity efforts emphasize deep due diligence on individual companies and long-term secular themes.

## Carsten Thoma
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Information Technology

Carsten co-founded hybris in 1997. He is responsible for global operations, marketing and corporate planning of the company. After successfully driving the hybris North America market entry Carsten led the team that managed the acquisition of iCongo in August 2011. His relentless pursuit for talent has resulted in a highly motivated and passionateworkforce and unique corporate culture as that is at the center of the company’s success. He began his career at Hewlett Packard, where his ideas for a standardized and flexible e-commerce software were the starting point for what would become hybris. Carsten studied law and also holds a bachelor’s degree in business administration

## Alliance Ventures
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Series B, Series C, Series A
- Focus: Software, Automotive, Artificial Intelligence

Learn more about the Renault Nissan Mitsubishi Alliance and its ambitions for 2030.

## Nordic Impact
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed
- Focus: Chemical, Life Science, Visual Search

Nordic Impact invests in, supports, and builds businesses and funds based around technology. The company's goal is to make impact investing mainstream and mobilize all business and capital towards solving the big problems in the world while making great financial returns.

## Kinled Holding
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Health Care, Biotechnology, Software

Kinled was founded in 1980 to retain the investment assets of the Aisher family.In 1990, the investment focus shifted to a portfolio of early stage investments applying Kinled’s company development experience alongside the endurance and passion of family owned investments together with the strategic focus of venture capitalists.Since then,Kinled has taken 8 companies to public markets and many more to successful trade sales at significant multiples.

## Malling & Co Venture
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Software, Construction

Vi driver med kjøp, salg og utleie av næringseiendom, samt eiendomsforvaltning og rådgivning. Vi har god lokalkunnskap og lang erfaring.

## Invest Northern Ireland
- Type: VC Fund
- Location: Belfast, Belfast, United Kingdom
- Relevant deals: 1
- Stages: Grant, Seed
- Focus: Health Care, Biotechnology, Medical

Invest Northern Ireland is Northern Ireland's economic development agency. Their overall goal is to help create wealth for the benefit of the whole community by strengthening the economy and helping it grow.

## MP Pensjon
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, AgTech

MP Pensjon is a privately owned investment manager. 

## Type One Ventures
- Type: VC Fund
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Space Travel, Aerospace, Robotics

Type One Ventures Invests in Seed and Series A start ups building the technology, infrastructure, and services that will be intergral as we progress towards a Type I Civilization.

## Melesio Capital
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Series A
- Focus: Software, Machine Learning, Artificial Intelligence

Melesio Capital is a investment firm.

## Green Campus Innovations Oy
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Energy, Battery, Biotechnology

Provide an effective, outsourced incubation and acceleration platform .

## Voima Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Biotechnology, Health Care, Software

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

## Ferd
- Type: VC Fund
- Location: Lysaker, Akershus, Norway
- Relevant deals: 1
- Stages: Private Equity, Post-IPO Equity
- Focus: Energy, Software, Manufacturing

Ferd er et familieeid investeringsselskap som er eid av femte og sjette generasjon Andresen.

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