# Top 25 B2B VC (Venture Capital) Funds in Norway in May 2026

## Investinor
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 3
- 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.

## Blue Bear Capital
- Type: VC Fund
- Location: Beverly Hills, California, United States
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Software, SaaS, Information Technology

Blue Bear Capital is a venture capital investor supporting companies that apply AI and data-driven technologies to energy infrastructures. The firm specializes in the fields of venture capital, financial services, and clean energy investments.
It was founded in 2016 and headquartered in Beverly Hills, California.

## Alliance
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- 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.

## LocalGlobe
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Financial Services, E-Commerce

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

## Sequoia Capital
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Software, Information Technology, Internet

We help the daring build legendary companies.

## Visionaries Club
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, FinTech

Visionaries Club is a leading European early stage VC backed by Europe's most successful digital founders and family business entrepreneurs. We strongly believe that leveraging our entrepreneurial investors' authentic knowledge and access is the best support we can provide to entrepreneurs in their Seed and Early Growth stage to help themtake their companies to the next level.Visionaries Club is divided into two funds:A € 150m (seed stage fund leveraging its unicorn and digital founder LP base for very early and exclusive access to the most promising entrepreneurs across Europe.A €200m Early Growth fund leveraging especially the fund's industrial family business LP network is intended to support the most promising European B2B companies in their early growth stage from Series B onwards with global reach and scale.The firm was founded in 2019 by Robert Lacher and Sebastian Pollok and has offices in Berlin and London

## Day One Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Internet, Financial Services

Day One Ventures is an early-stage venture capital firm that backs customer-obsessed companies and spearheads their communications. This enables the Day One team to become actively involved in its portfolio companies and play a real, tangible role in helping them grow. The firm invests across industries from pre-seed to seed - and occasionallyseries A, and invests between $100k and $5 million.Day One Ventures was founded by Masha Drokova, who is an angel investor, entrepreneur, communications executive, and Forbes 30 Under 30 Honoree.The firm is based in San Francisco and for more information, please visit https://www.dayoneventures.com/

## 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.

## The Nordic Web Ventures
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Information Technology

The Nordic Web Ventures is an Angel Fund run by Neil S W Murray, backed by 50+ community builders, entrepreneurs and investors passionate about supporting early-stage Nordic startups.

## Shine Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Health Care, FinTech

Shine is a venture capital firm that partners with relentless, creative, convincing entrepreneurs from the early stages of company, protocol, and network building.

## Point Nine
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

## RAA Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: B2B, Apps, Sports

RAA Ventures is a venture capital company, making angel investments & providing startup capital for extraordinary investment opportunities.

## Antler
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- 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!

## Link Venture Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, Renewable Energy

Link Venture Capital operates a series of early-stage investment funds.

## The Ingenious Group
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, B2B, Semiconductor

Ingenious is a specialist investment manager with extensive expertise in the media, real estate, infrastructure and education sectors.

## Penny Venture
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: B2B, Fuel, Energy

Penny Venture is a venture company investing in high growth, entrepreneurial led start-ups

## Ecosystem Integrity Fund
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Energy, Renewable Energy, Solar

The Ecosystem Integrity Fund (“EIF”) is a venture capital firm that invests in early-stage companies contributing to environmental sustainability. It seeks to demonstrate that there is no trade-off between having a positive impact and achieving outstanding financial returns. The movement toward environmental sustainability is making incrementalimprovements to the largest industries in the world. Over the next several decades, the economy will be transformed by this movement.Sustainability is fundamentally about making things better: more efficient, more functional, less toxic, less costly. This is the next phase of the Industrial Revolution.

## Fathom Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Information Technology

Backing Deep Innovation.

## Founders Fund AS
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed
- Focus: B2B, SaaS, Internet

Founders Fund AS is a venture capital firm based in Oslo. Founders Fund AS offers investment management, advisory, and other related services. Founders Fund serves customers in Norway.

## Bring Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, B2B, Information Technology

Bring Ventures is the Corporate Venture arm of the Norway Post Group. Bring Ventures is dedicated to invest in disruptive and ambitious seed and early phase companies within sustainability and digitalization. We strive to be a value-adding investor by building close relationships, exchange capabilities, expertise, customers and volumes.
We believethe success of the future will be created together in a collaboration with other actors such as universities, innovation environments and start-ups. We want to contribute to create and build completely new type of business models – like ecosystem.

## Adler Konsult
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: B2B, E-Learning, Corporate Training

Adler Konsult is an investment company.

## 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.

## North Venture
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: B2B, E-Learning, Corporate Training

Investment company focusing on the Nordics.

## Alumni Ventures
- Type: VC Fund
- Location: Manchester, New Hampshire, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Health Care

Alumni Ventures offers diversified venture portfolios to accredited investors into highly competitive deals that individuals typically do not have access to on their own.

## RunwayFBU
- Type: VC Fund
- Location: Fornebu, Akershus, Norway
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, B2B

An early stage VC fund that invests in software-driven technology companies built by ambitious entrepreneurs.

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