Top 20 CleanTech VC (Venture Capital) Funds in Norway in October 2023

Portfolio highlights

• autone — Autone is a SaaS operational platform enabling retail & CPG businesses to make optimal decisions easily and quickly
• Genie — Genie is a productive web development framework in Julia. Build web applications, UIs, backends, integrate with databases, set up web services and APIs.
• Purpose Green — Purpose Green operates as a climatetech company.

Portfolio highlights

• Farmless — A farmless fermentation platform has the potential to create an entirely new food repertoire, producing proteins, carbohydrates, beneficial fats, vitamins, and minerals from the ground up," explained Oner. "We are creating a new interface between food and electricity by domesticating microbes chosen for their food properties and abilityto grow on renewable energy-based feedstocks.
• Glowb — Looking for trusted solar panel installers and solar battery installers in Central England? We can help homeowners transition to solar energy.
• Cardino — Cardino - Verkaufen Sie Ihr E-Auto digital zum besten Preis. Entdecken Sie die einfache und bequeme Art, Ihr Elektroauto online zu verkaufen.

Portfolio highlights

• Skyfri — Skyfri, established in 2017, provides owners of renewable energy plants sophisticated software to increase revenues and reduce down-time in production. Its platform is built to automate operations, maintenance and asset management. The company is backed by leading investors, and has a strong management with experience from building and listingrenewable energy and technology companies. The team is also one of the most experienced within IPP, O&M and asset management, having earlier overseen more than 3GW across Europe, Asia and North America.

Portfolio highlights

• Complai — ComplAI is a compliance platform for business processes. ComplAI works together among several actors (auditors, asset owners, standard owners, consultants, and stakeholders) providing access to compliance records, guidelines, reporting plans, and customizable requirement lists - minimizing supply chain problems and streamlining the auditingprocedure.
• Adminkit — Adminkit is a digital toolbox that provides better control - saving time and frustration.
• Shapemaker — Your new software for civil engineering design and analysis, starting off with telecommunication infrastructure.

Portfolio highlights

• 42 Watt — 42 Watt is an energy conservation consultancy which strives to reduce costs, save energy and protect the climate.
• CHOOOSE — CHOOOSE builds digital tools so that everyone, anywhere, can easily integrate climate action into everyday life and business.
• Vianova — Vianova is a platform for managing connected and shared mobility in the urban public realm. It helps cities better manage their urban space, starting with mobility services. Along with the benefits of new mobility solutions, cities face growing challenges as they integrate fast-developing modes of transportation. Its company's technology helpscities and mobility operators better collaborate and communicate, in order to foster more liveable and breathable streets.

Portfolio highlights

• Busbud — Travel the world by bus. Compare and easily book bus tickets from thousands of bus companies for your next destination with Busbud.
• CHOOOSE — CHOOOSE builds digital tools so that everyone, anywhere, can easily integrate climate action into everyday life and business.
• Eccocar — Launch, operate and scale your digital shared mobility services. Technology that takes mobility to the next level!

Portfolio highlights

• Koverly — Leading B2B global payments solution that provides flexible options to pay over time and saves businesses up to 50% on foreign exchange fees.
• Two Boxes — The future of sustainable e-commerce returns has arrived. Two Boxes is the best way to process returns and capture critical data from the returns process.
• Treat — Treat is a customer acquisition channel that delivers leads to e-commerce brands.

Portfolio highlights

• Verdagy — Verdagy is driving down the investment and energy needed to generate hydrogen for industry using electrolysis. We engineer and manufacture innovative electrolyzers that scale to gigawatt production facilities.
• Avnos — Our HDAC solution offers the broadest geographic potential available, enabling our technology to operate in water-scarce environments.
• Kraftblock — Kraftblock is a high-efficiency, high-temperature heat storage system designed to decarbonize power generation and industrial processes.

Portfolio highlights

• OCEANIUM — Oceanium develop innovative, all-natural products from sustainably-sourced seaweed.
• Ocean Rainforest — Ocean Rainforest offer a collection of premium fully-traceable seaweed products, mostly for food and cosmetic producers.
• Seaweed Solutions — Seaweed Solutions AS is one of Europe's largest seaweed farmers based in Norway. Our experience in seaweed farming dates back to 1978.

Portfolio highlights

• Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.

Portfolio highlights

• Skyfri — Skyfri, established in 2017, provides owners of renewable energy plants sophisticated software to increase revenues and reduce down-time in production. Its platform is built to automate operations, maintenance and asset management. The company is backed by leading investors, and has a strong management with experience from building and listingrenewable energy and technology companies. The team is also one of the most experienced within IPP, O&M and asset management, having earlier overseen more than 3GW across Europe, Asia and North America.
• NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
• Fauna — When you need something, choose a green option. Through Fauna you will get bonus points for environmentally friendly purchases.

Portfolio highlights

• Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
• Wanda — Lageret som henter og leverer hjemme. Rimelig, trygt, enkelt!
• Spacemaker AI — Spacemaker enables teams to collaborate, analyse and design real estate sites, using AI to help developers, architects and planners to make better decisions, faster.

Portfolio highlights

• APLANET — Aplanet provides the most complete software tools for CSR and sustainability professionals to manage their day-to-day. Their mission is to bring social responsibility to the forefront of business objectives by empowering organizations with the tools to manage, measure, and showcase their impact.
• Sunhero — Sunhero delivers custom-built solar panel solutions. Sunhero offers consumers a hassle-free method of installing customised photovoltaic solar systems on their homes, be that either purchasing outright or renting for a 20 year period.
• Microverse — Want to learn how to code? Pay $0 until you become a software developer and land a job. Learn programming from the best online coding school and connect with a global community.

Portfolio highlights

• Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech

Portfolio highlights

• NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
• Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech
• Hystar — Hystar is a high tech company specializing in advanced PEM electrolysers for large scale green hydrogen production, that is 100% sustainable.

Portfolio highlights

• Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech

Portfolio highlights

• Tepeo — tepeo is designing and developing zero carbon domestic heating solutions
• Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech
• measurable.energy — Machine Learning and hardware platform to eliminate wasted energy and GHG emissions in buildings

Portfolio highlights

• CHOOOSE — CHOOOSE builds digital tools so that everyone, anywhere, can easily integrate climate action into everyday life and business.
• CleanJoule — CleanJoule is a pioneer SAF. CleanJoule is a dedicated and creative collection of engineers, scientists, and visionaries working to create a sustainable planet, reduce global carbon emissions, and ultimately combat climate change. CleanJoule's cutting-edge technology allows it to harness existing biomass energy and turn it intohigh-performance aviation fuel as well as carbon-negative bio-rubber that can be used in a variety of consumer and commercial products.

Portfolio highlights

• AlumatIQ — AlumatIQ specializes in industrial robotics, automation, and digitalization in the aluminum industry. Their first product is robotic automation of the anode change process, with high accuracy, consistency, and speed. Improves health and safety conditions for operators in pot rooms and reduces emissions of HF and greenhouse gases.
• Nicoustic — Nicoustic developed accurate, non-intrusive technology for separator-level measurement based on Guided Ultrasonic Waves. Their technique uses guided ultrasonic waves to measure the amounts of solids and liquids using sensors. It is being developed to measure the interface layers between emulsion and foam.Nicoustic's prototype is the outcomeof 20 years of study at the German Fraunhofer IKTS and a response to a challenge put forth by Equinor, the largest energy company in Norway.
• Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.

Portfolio highlights

• Climeon — The Climeon Heat Power system, converts waste heat and geothermal heat into clean electricity. Saving fuel and electricity cost - as well as the environment.
• Edify Energy — Edify Energy is a renewable energy company that specializes in solar project structuring, investments, and financing services.
• Ocean GeoLoop — Ocean GeoLoop captures and stores or utilizes CO2 naturally. With no use of chemicals, toxins or other harmful consumables.