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Top 20 CleanTech VC Funds & Investors in Norway (May 2026)

The most active venture capital funds investing in Norway CleanTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway CleanTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Speedinvest
VC Fund
4 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $396k–$50M
Voyagers
VC Fund
3 United Kingdom, Norway, Sweden Seed, Pre-Seed, Convertible Note B2B, Biotechnology, Machinery Manufacturing $1.5M–$5M
Singularity
VC Fund
2 Norway Pre-Seed, Convertible Note SaaS, Software, CleanTech
Amadeus Ventures
VC Fund
2 United States, Spain, Canada Seed, Series A Software, Travel, Mobile $6M–$15M
Contrarian Ventures
VC Fund
2 Lithuania, United Kingdom, Estonia Seed, Series A, Pre-Seed Software, Information Technology, Energy $54k–$23M
RunwayFBU
VC Fund
2 Norway Pre-Seed, Seed, Angel Software, SaaS, B2B
Vinyl Capital
VC Fund
2 United States, India, Canada Seed, Series A, Pre-Seed E-Commerce, Software, Analytics $4M–$25M
OBOS Forsikring
VC Fund
1 Norway Seed, Series A Real Estate, Information Technology, Solar
All Iron Ventures
VC Fund
1 Spain, United States, United Kingdom Series A, Seed, Series B Software, E-Commerce, Internet $1.1M–$54M
Firda
VC Fund
1 Seed
DNB
VC Fund
1 Norway, Sweden, Denmark Seed, Post-IPO Debt Energy, Banking, Software $600k–$429M
Sound Ventures
VC Fund
1 United States, Canada, Israel Seed, Series A, Series B Software, FinTech, Financial Services $2M–$85M
Link Venture Capital
VC Fund
1 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Information Technology, Renewable Energy $400k–$4.3M
FinStart Nordic
VC Fund
1 Norway Pre-Seed SaaS, Software, CleanTech
Bonheur ASA
VC Fund
1 United Kingdom, Norway Series A, Pre-Seed SaaS, Energy, Software
DNB Ventures
VC Fund
1 Norway Pre-Seed SaaS, Software, CleanTech
GenZero
VC Fund
1 Norway Series A Software, CleanTech, Developer APIs
CoFounder
VC Fund
1 Norway Seed, Series A Manufacturing, Industrial, SaaS $791k–$2.3M
Shell Ventures
VC Fund
1 United States, United Kingdom, Norway Series A, Series B Energy, Renewable Energy, Software $2.4M–$126M
World Wildlife Fund
VC Fund
1 Norway, Faroe Islands, United Kingdom Seed, Series A Seafood, Food Processing, Farming $2.5M–$4.7M
Access all 39 VC funds in Norway CleanTech startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway CleanTech startups, 53 in the past 12 months

Speedinvest is one of Europe’s most active early-stage investors, with more than €1bn AUM, 40 investors, and offices in Berlin, London, Munich, Paris, Vienna and San Francisco. Your success is our priority, so we don’t just send some money and "check in" at board meetings. Our mission is to empower you with game-changing support throughevery stage of your journey. Our focused investment teams know your industry inside and out. Their Deep Tech, Fintech, Industrial Tech, Network Effects, Digital Health and Subscriptions experience, know-how and deep networks are yours from day one. You also have full access to our in-house Platform+ team of operational experts who can provide tailored growth marketing, people (HR), US business development, and networking support throughout every stage of your journey.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Austria

Investor stats

  • Total investments: 390
  • Round size: Seed $536k–$6.5M; Pre-Seed $396k–$1.9M; Series A $1.4M–$50M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2022

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.
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Voyagers
VC Fund · 3 investments in Norway CleanTech startups, 6 in the past 12 months

VOYAGERS organises by-invitation adventures designed to build close connections between exceptional people, with the goal of accelerating positive impact. Relationships deepen through our regular video calls, group chats and in-person dinner salons.

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Investment focus

  • Industry: B2B, Biotechnology, Machinery Manufacturing
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United Kingdom, Norway, Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $1.5M–$1.9M; Convertible Note $3.5M–$5M
  • Lead/follow: 0% lead, 100% follow

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.
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Singularity
VC Fund · 2 investments in Norway CleanTech startups

Luxembourg-based family office

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Investment focus

  • Industry: SaaS, Software, CleanTech
  • Stage:Pre-Seed, Convertible Note
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

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.
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Amadeus Ventures
VC Fund · Madrid, Madrid, Spain · 2 investments in Norway CleanTech startups

Amadeus Ventures is the strategic funding program from Amadeus to invest in early stage startups focusing on the travel industry.

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Investment focus

  • Industry: Software, Travel, Mobile
  • Stage:Seed, Series A
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 10
  • Round size: Series A $6M–$15M
  • Lead/follow: 40% lead, 60% follow

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!
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Norway CleanTech startups

We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel

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Investment focus

  • Industry: Software, Information Technology, Energy
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, United Kingdom, Estonia

Investor stats

  • Total investments: 34
  • Round size: Seed $214k–$2M; Pre-Seed $54k–$2M; Series A $1.6M–$23M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2022

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.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 2 investments in Norway CleanTech startups

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

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Investment focus

  • Industry: Software, SaaS, B2B
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Norway

Investor stats

  • Total investments: 10
  • Lead/follow: 10% lead, 90% follow
  • Last fund: Likely still investing — raised $27M in 2021

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.
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Vinyl Capital
VC Fund · Boston, Massachusetts, United States · 2 investments in Norway CleanTech startups

Investing in the future of how people buy stuff.

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Investment focus

  • Industry: E-Commerce, Software, Analytics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 20
  • Round size: Seed $4M–$8M; Series A $6M–$25M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2021

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.
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

  • Industry: Real Estate, Information Technology, Solar
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

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.
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All Iron Ventures
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Norway CleanTech startups

All Iron Ventures partners up with bold founders promoting innovative startups. We mainly invest in the early stages of European companies that aspire to reshape the future of both consumers and enterprises through technology. We at All Iron Ventures have been and continue to be entrepreneurs. We know what it is to be a founder and empathize withthe challenges our partner founders face. We put our resources and experience creating, scaling and selling companies at their disposal to help them take their projects to the next level. Based in Bilbao, Spain, and with approximately €110Mn under management, All Iron Ventures was promoted by the founders of Ticketbis, a global marketplace sold to eBay in 2016, in what is one of the main success stories in Spain’s startup ecosystem.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Seed, Series B
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 75
  • Round size: Seed $1.1M–$7.1M; Series A $3.2M–$23M; Series B $9.5M–$54M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $30M in 2022

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.
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Firda
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

Firda is an investment company based in Norway, empowering Norwegian tech startups to become global leaders.

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Investment focus

  • Stage:Seed

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

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.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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DNB
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

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.

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Investment focus

  • Industry: Energy, Banking, Software
  • Stage:Seed, Post-IPO Debt
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 23
  • Round size: Seed $600k–$1.1M; Post-IPO Debt $138M–$429M
  • Lead/follow: 22% lead, 78% follow

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.
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Sound Ventures
VC Fund · Beverly Hills, California, United States · 1 investments in Norway CleanTech startups, 13 in the past 12 months

Sound Ventures is a venture capital firm that seeks to invest in the technology sector.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 177
  • Round size: Seed $2M–$7.9M; Series A $8M–$30M; Series B $15M–$85M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $243M in 2023

Portfolio highlights

  • Matter. — We are an innovation company pioneering technology solutions for capturing, harvesting and recycling microplastics.
  • Hugging Face — Hugging Face is an open-source & platform provider of machine learning technologies. Hugging Face was launched in 2016 and is headquartered in New York.
  • Conductive.ai — Conductive.ai is an engagement platform for game developers to motivate players to increase player lifetime value.
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FinStart Nordic
VC Fund · 1 investments in Norway CleanTech startups

The strategic investment arm of SpareBank 1 SR-Bank in fintech, technology and impact companies

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Investment focus

  • Industry: SaaS, Software, CleanTech
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech
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Bonheur ASA
VC Fund · 1 investments in Norway CleanTech startups

Bonheur ASA is a publicly traded Norwegian holding company headquartered in Oslo.

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Investment focus

  • Industry: SaaS, Energy, Software
  • Stage:Series A, Pre-Seed
  • Geography: United Kingdom, Norway

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

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
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DNB Ventures
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

DNB Ventures is the Corporate Venture Capital arm of the Norwegian DNB group.

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Investment focus

  • Industry: SaaS, Software, CleanTech
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech
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GenZero
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway CleanTech startups

GenZero is an investment platform company that aims to accelerate decarbonisation, for future generations towards a net zero world. Wholly-owned by Temasek, GenZero has a flexible investment approach and will invest globally across three focus areas: technology-based solutions, nature-based solutions as well as carbon ecosystem enablers. GenZero seeks to deliver positive climate impact alongside long term sustainable financial returns.

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Investment focus

  • Industry: Software, CleanTech, Developer APIs
  • Stage:Series A
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

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.
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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway CleanTech startups

CoFounder is a management and investment company for technology companies with great growth potential. They are experienced entrepreneurs and business developers who provide management resources and early-stage capital. They work with spin-offs from both research and industrial environments, as well as standalone entrepreneurial companies.

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Investment focus

  • Industry: Manufacturing, Industrial, SaaS
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 8
  • Round size: Seed $791k–$2.3M
  • Lead/follow: 13% lead, 87% follow

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.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 1 investments in Norway CleanTech startups, 9 in the past 12 months

Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B
  • Geography: United States, United Kingdom, Norway

Investor stats

  • Total investments: 123
  • Round size: Series A $6.4M–$26M; Series B $2.4M–$126M
  • Lead/follow: 36% lead, 64% follow

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.
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World Wildlife Fund
VC Fund · Washington, District of Columbia, United States · 1 investments in Norway CleanTech startups

World Wildlife Fund - The leading organization in wildlife conservation and endangered species. Learn how you can help WWF make a difference.

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Investment focus

  • Industry: Seafood, Food Processing, Farming
  • Stage:Seed, Series A
  • Geography: Norway, Faroe Islands, United Kingdom

Investor stats

  • Total investments: 4
  • Round size: Seed $2.5M–$4.7M
  • Lead/follow: 50% lead, 50% follow

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.
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CleanTech VC funding in Norway at a glance

Stats across 25 deals from 39 investors.

39
investors
in Norway CleanTech startups
25
deals
in Norway CleanTech startups
$2.6M
median round
in Norway CleanTech startups
41%
lead investors
lead at least one round
28%
Seed
most common funding stage

Access all 39 VC funds in Norway CleanTech startups.

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