# Top 50 Artificial intelligence VC (Venture Capital) Funds in Norway in October 2023

## 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. 

## 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.

## 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.

## 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.

## 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.

## 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).

## 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!

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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

## 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.

## 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.

## 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. 

## 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.

## 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.

## 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.

## Peak
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, E-Commerce

We're the early-stage venture capital fund backed 100% by founders. Pre-Seed and Series A for SaaS, Marketplaces & Platforms.

## Promentum Equity Partners
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Focus: Video, Mobile, Big Data

We are building outstanding technology businesses and investments. We back ambitious entrepreneurs in making real and lasting impact with their business ideas. We invest in companies with strong value propositions, significant market potential, and passionate entrepreneurs.

## Scribble Ventures
- Type: VC Fund
- Location: Portola Valley, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, SaaS

Scribble Ventures is a founder friendly capital for early-stage startups. Angel investors, Venture Capital, Startup Lab, Startups, Startup Mentorship, Founder advice, engineering, product, early stage startup

## Fusion Fund
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Artificial Intelligence, Software, Health Care

Fusion Fund invests in early stage companies with technological and data advantages in industrial, enterprise, and healthcare applications.

## Kompas
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Machine Learning

Kompas is an early-stage investor in prop tech, construction tech, clean tech, industry 4.0, and enterprise software. KOMPAS will focus on Seed and Series A financing rounds, with initial investments ranging from USD1 million to USD5 million. The fund will back ambitious founders across Europe, Israel, and the US in the following three areas suchas smart, sustainable and healthy homes – advanced materials, smart home technology, IoT, and climate technologyThe firm was founded in 2021 and has an Amsterdam, Copenhagen and Tel Aviv presence.

## 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.

## 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.

## Adolfsen Group
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: SaaS, Payments, Robotics

The Adolfsen Group is a group of companies in which Kristian Adolfsen and Roger Adolfsen are shareholders. The Group invests across a wide range of sectors, many of which having a link to its origins within hotel operations.

## 2M2D
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed
- Focus: Credit, Banking, FinTech

We invest in the unknown. In solutions yet to be built. By ambitious founders on a mission.

## Smart Innovation Norway
- Type: VC Fund
- Location: Halden, Ostfold, Norway
- Relevant deals: 1
- Focus: Software, Machine Learning, Artificial Intelligence

Smart Innovation internationally oriented business cluster in Norway within energy, digitization, Big Data Analytics and ICT.

## 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.

## 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.

## 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.

## 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. 

## NREP
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Artificial Intelligence, Real Estate, Information Technology

NREP is a vertically integrated real estate product innovator, developer, investor and operator that seeks to make real estate better.

## 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.

## SPRINGfondet
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Database, Hardware

Springfondet is a seed capital fund located at Oslo Innovation Center in Oslo, Norway. The fund invests in technology startups across a broad range of industries.

## OpenAI Startup Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Artificial Intelligence, Legal, Robotics

The OpenAI Startup Fund is investing $100 million to help AI companies have a profound, positive impact on the world.

## SINTEF Venture AS
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Manufacturing, Software, Energy

SINTEF TTO & Venture invest in spin-off companies from SINTEF, NTNU and other research based institutions in Norway. Our dealflow reflect results from state-of-art research and cover a variety of sectors.
SINTEF Venture seek to co-invest with VC funds with sector expertise at an early stage.

## Middelborg
- Type: VC Fund
- Relevant deals: 1
- Focus: Software, Machine Learning, Artificial Intelligence

Middelborg is a privately held investment company with investments in public and private equities, real estate and financial derivatives. Middelborg's investments include major stakes in several listed companies, real estate, an actively managed portfolio of listed stocks and a group of investments in privately held companies.

## Atomico
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Information Technology, Artificial Intelligence

Atomico invests in innovative technology companies around the world.

## 4impact
- Type: VC Fund
- Location: Netherlands, Missouri, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Marketplace

4impact was born out of our desire to increase the purpose of our work and help us give back. By backing tech4good technology startups with knowledge, experience, network, and funding, we can be a catalyst to a sustainable world.

## Round Hill Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Real Estate, Information Services

Round Hill Capital is a global real estate investment and asset management firm, creating long-term financial and social value by building thriving communities.

## Target Partners
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Enterprise Software, SaaS

Target Partners is a German venture capital firm that invests in early-stage technology companies.
With 300 million Euro under management, Target Partners is one of the leading venture capital investors in Germany.The partners of Target Partners have years of collective experience as successful managers, entrepreneurs and venture capitalinvestors in Europe and the USA. They founded or led companies their selves, developed or sold technology products their selves. They have seen numerous companies through to IPO and beyond. They understand the challenges an entrepreneur faces and that the road to success often isn't simple and straight.Both in Europe and the USA Target Partners has a large network in industry and venture capital. They open doors for you to customers, business partners, experienced managers and financial markets. They support you in business development, in international expansion, in closing OEM or distribution contracts, and in acquisition decisions. In addition, several dozen European and US entrepreneurs and top managers, as well as a number of US venture capitalists, have personally invested in their funds and thus have a particularly strong interest in your company's success.

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