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Top 50 Climate VC Funds & Investors in Norway (October 2023)

The most active venture capital funds investing in Norway Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Climate startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Investinor
VC Fund
13 Norway, United States, Switzerland Seed, Series A Software, Biotechnology, Manufacturing $160k–$13M
ProVenture
VC Fund
12 Norway, United States, India Seed, Series A Oil and Gas, Software, Information Technology $744k–$6.4M
SINTEF Venture AS
VC Fund
6 Norway, United States, United Kingdom Seed, Pre-Seed Manufacturing, Software, Energy $160k–$4.9M
Alliance
VC Fund
5 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics $840k–$12M
Antler
VC Fund
5 Singapore, United Kingdom, Australia Pre-Seed, Seed, Series A Software, Information Technology, SaaS $100k–$29M
Speedinvest
VC Fund
4 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $396k–$50M
Valinor AS
VC Fund
3 Norway, United Kingdom Seed, Series A Renewable Energy, Robotics, SaaS $1.8M–$2.3M
Link Venture Capital
VC Fund
3 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Information Technology, Renewable Energy $400k–$4.3M
Blue Bear Capital
VC Fund
3 United States, Canada, Norway Series A, Seed Software, SaaS, Information Technology $2M–$15M
Voyagers
VC Fund
3 United Kingdom, Norway, Sweden Seed, Pre-Seed, Convertible Note B2B, Biotechnology, Machinery Manufacturing $1.5M–$5M
Momentum
VC Fund
3 Norway, Finland Seed Manufacturing, AgTech, Consumer $2.7M–$3M
Shell Ventures
VC Fund
3 United States, United Kingdom, Norway Series A, Series B Energy, Renewable Energy, Software $2.4M–$126M
RunwayFBU
VC Fund
3 Norway Pre-Seed, Seed, Angel Software, SaaS, B2B
CoFounder
VC Fund
2 Norway Seed, Series A Manufacturing, Industrial, SaaS $791k–$2.3M
Saudi Aramco Energy Ventures
VC Fund
2 United States, United Kingdom, Norway Series C, Series B Energy, Oil and Gas, Software $4M–$100M
TRUMPF Venture
VC Fund
2 Germany, Switzerland, United States Series A, Series B Manufacturing, Software, Artificial Intelligence $3.9M–$70M
Ferd
VC Fund
2 Norway, Sweden, United States Private Equity, Post-IPO Equity Energy, Software, Manufacturing $1M–$38M
Statkraft Ventures
VC Fund
2 Germany, France, Norway Series A, Series B Software, Big Data, Information Technology $3.2M–$19M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $214k–$2M
Contrarian Ventures
VC Fund
2 Lithuania, United Kingdom, Estonia Seed, Series A, Pre-Seed Software, Information Technology, Energy $54k–$23M
Wiski Capital
VC Fund
2 Norway Seed Software, AgTech, Energy $1.1M–$7.5M
Bakken & Baeck
VC Fund
2 Norway Seed, Angel Chemical, Software, Life Science
Lyse Group
VC Fund
2 Norway Seed SaaS, Water, Analytics
Loyal VC
VC Fund
2 United States, Canada, United Kingdom Pre-Seed, Seed Software, Artificial Intelligence, E-Commerce $78k–$2.5M
Vinyl Capital
VC Fund
2 United States, India, Canada Seed, Series A, Pre-Seed E-Commerce, Software, Analytics $4M–$25M
Dawn Capital
VC Fund
2 United Kingdom, United States, Israel Series A, Series B, Series C Software, SaaS, Information Technology $2.7M–$101M
Amadeus Ventures
VC Fund
2 United States, Spain, Canada Seed, Series A Software, Travel, Mobile $6M–$15M
Singularity
VC Fund
2 Norway Pre-Seed, Convertible Note SaaS, Software, CleanTech
Climate Investment
VC Fund
1 United States, Canada, Spain Series B, Series C, Series A Energy, CleanTech, Manufacturing $3.5M–$45M
GenZero
VC Fund
1 Norway Series A Software, CleanTech, Developer APIs
BioInnovation Institute
VC Fund
1 Denmark, Germany, Switzerland Convertible Note, Debt Financing, Pre-Seed Biotechnology, Medical, Health Care $504k–$1.8M
We Are Human
VC Fund
1 Norway Seed, Angel, Convertible Note SaaS, Mobile, Software
Gaztransport & Technigaz
VC Fund
1 Norway Manufacturing, Nanotechnology, Test and Measurement
New Age Ventures
VC Fund
1 United States, Israel, Norway Seed, Pre-Seed, Series A Health Care, Medical, Medical Device $50k–$2.2M
Energy Capital Partners
VC Fund
1 United States, Canada, France Private Equity, Series B Energy, Oil and Gas, Solar $38M–$300M
Ecosystem Integrity Fund
VC Fund
1 United States, Norway, Rwanda Series A, Series B Energy, Renewable Energy, Solar $4M–$32M
Sandwater
VC Fund
1 Norway Seed, Series A AgTech, Energy, Battery
FinStart Nordic
VC Fund
1 Norway Pre-Seed SaaS, Software, CleanTech
World Wildlife Fund
VC Fund
1 Norway, Faroe Islands, United Kingdom Seed, Series A Seafood, Food Processing, Farming $2.5M–$4.7M
Electrification Financing Initiative
VC Fund
1 United States, Kenya, Nigeria Debt Financing, Series A Energy, Solar, Renewable Energy $107k–$30M
Nordic Impact
VC Fund
1 Norway Seed Chemical, Life Science, Visual Search
4impact
VC Fund
1 The Netherlands, Italy, Germany Seed, Series A Software, Information Technology, Marketplace $643k–$12M
Newday
VC Fund
1 Norway Software, Food Processing, Waste Management
The Index Project
VC Fund
1 United States, Denmark, Chile Seed, Series A, Series B Artificial Intelligence, Chemical, SaaS $1.1M–$3M
Sound Ventures
VC Fund
1 United States, Canada, Israel Seed, Series A, Series B Software, FinTech, Financial Services $2M–$85M
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
Green Campus Innovations Oy
VC Fund
1 Finland Seed Energy, Battery, Biotechnology
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
Access all 50 VC funds in Norway Climate startups.

Access 48,091 investors

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

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Investor list

Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 13 investments in Norway Climate startups

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.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Norway, United States, Switzerland

Investor stats

  • Total investments: 105
  • Round size: Seed $160k–$2M; Series A $1.8M–$13M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • Eyr — Eyr offers digital tools for medical consulting and doctor's prescription regarding various health issues.
  • Nomono — The Next Generation Audio company.
  • Ignite Procurement — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 12 investments in Norway Climate startups

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).

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Investment focus

  • Industry: Oil and Gas, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 36
  • Round size: Seed $744k–$6.4M; Series A $4.9M–$5.4M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Wanda — Lageret som henter og leverer hjemme. Rimelig, trygt, enkelt!
  • Cimon Medical — Cimon Medical develops and manufactures novel Doppler ultrasound technology for healthcare and aim to become the market leader in continuous direct monitoring of blood-flow. The first product to be released in Q4 21 is NeoDoppler - non-invasive continuous monitoring of blood-flow in the brain of premature or critically ill infants.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 6 investments in Norway Climate startups

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.

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Investment focus

  • Industry: Manufacturing, Software, Energy
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 27
  • Round size: Seed $160k–$4.9M; Pre-Seed $360k–$745k
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $45M in 2018

Portfolio highlights

  • Nomono — The Next Generation Audio company.
  • Hystar — Hystar is a high tech company specializing in advanced PEM electrolysers for large scale green hydrogen production, that is 100% sustainable.
  • KIT-AR — Reduce time and costs spent fixing errors on your manufacturing shopfloor with quality assurance and augmented reality- Click in to find how!
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Alliance
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Climate startups, 7 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, Analytics
  • Stage:Seed, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 61
  • Round size: Seed $840k–$4M; Series A $1.8M–$12M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • P0x Labs — P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.
  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Xverse — Xverse is the most advanced and user-friendly Bitcoin wallet. Earn BTC, trade Ordinals, and connect to Web3 apps powered by Stacks. Download for iOS, Android and Chrome.
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Antler
VC Fund · Singapore, Central Region, Singapore · 5 investments in Norway Climate startups, 118 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, United Kingdom, Australia

Investor stats

  • Total investments: 363
  • Round size: Seed $510k–$7.5M; Pre-Seed $100k–$1M; Series A $600k–$29M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FitFlo — FitFlo brings to life the connected gym experience for Operators, Trainers and Members.
  • Mole — Mole is a digital business card and mobile website software. Connect with your clients, promote your business online and much more. Comes with free customised NFC business card.
  • Optacloud — Fostering a global AI powered ecosystem to achieve 100% cloud efficacy-> effortlessly, economically and eco-consciously. Dev tools stack for automating the entire development lifecycle of cloud apps across- Build, Deploy & Optimize.
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Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway Climate 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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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 3 investments in Norway Climate startups

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.

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Investment focus

  • Industry: Renewable Energy, Robotics, SaaS
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 8
  • Round size: Seed $1.8M–$2.3M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Aivero — All-in-one platform for 2D & 3D camera fleet management. Visual data for AI models that help you automate computer vision tasks with precision.
  • Heaten — HeatBooster - Patented high-temperature heat pump technology reducing the reliance on fossil fuels by creating reusable energy.
  • 1X — At Halodi Robotics we are passionate about robots. Our mission is to bring capable humanoid robots to everyone. We develop safe, capable and affordable robots that help human beings live better lives!
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Blue Bear Capital
VC Fund · Beverly Hills, California, United States · 3 investments in Norway Climate startups, 9 in the past 12 months

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.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Seed
  • Geography: United States, Canada, Norway

Investor stats

  • Total investments: 53
  • Round size: Seed $2M–$3.5M; Series A $4M–$15M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • TruckLabs — We create hardware and software products for semi trucks that make a positive impact on carbon reduction and fuel efficiency. Formerly Xstream Trucking.
  • Delos Insurance — An insurance company which uses advanced technology and artificial intelligence to protect California homeowners from wildfires.
  • ACCURE Battery Intelligence — Accure is a battery analytics company. The software and AI-driven solution assist manufacturers and operators in monitoring the overall health and safety conditions of a battery system throughout its lifecycle.
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Voyagers
VC Fund · 3 investments in Norway Climate 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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Access 48,091 investors

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

Browse database — It's Free!
Momentum
VC Fund · Bergen, Hordaland, Norway · 3 investments in Norway Climate startups

Momentum Partners clear ambition is to build the leading consulting environment in Western Norway within our service. They create value and growth for their clients through a wide range of services with an operational approach to strategy development and profitability improvement.

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Investment focus

  • Industry: Manufacturing, AgTech, Consumer
  • Stage:Seed
  • Geography: Norway, Finland

Investor stats

  • Total investments: 8
  • Round size: Seed $2.7M–$3M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Glint Solar — Enabling developers to identify and analyze the best solar sites
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Remora Robotics — Remora Robotics is a Norwegian technology firm that specializes on aquaculture robotics.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 3 investments in Norway Climate 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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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 3 investments in Norway Climate 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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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Climate 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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Saudi Aramco Energy Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 2 investments in Norway Climate startups

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

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Investment focus

  • Industry: Energy, Oil and Gas, Software
  • Stage:Series C, Series B
  • Geography: United States, United Kingdom, Norway

Investor stats

  • Total investments: 66
  • Round size: Series B $4M–$24M; Series C $10M–$100M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2020

Portfolio highlights

  • Redex — recs - singapore renewable energy - renewable energy certificates - renewable energy singapore - re100 - eac - buy recs - sell recs -
  • Grand perspective — Grandperspective scanfeld is the first remote sensing solution for automated early-warning gas leak detection in chemical plants.
  • Syzygy Plasmonics — Illuminating Chemical Engineering. Where everyday chemicals like hydrogen are made from light instead of heat - it's called photocatalysis.
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TRUMPF Venture
VC Fund · Ditzingen, Baden-Wurttemberg, Germany · 2 investments in Norway Climate startups, 6 in the past 12 months

The corporate venture capital arm TRUMPF Venture extends TRUMPF’s comprehensive activities to promote innovation and to detect disruptive technologies and business models early on. TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing as well as industrial lasers. TRUMPF Venture investsglobally in early-stage start-ups active in areas complementary or adjacent to the TRUMPF core, such as Advances Photonics and Smart Factory. Funded start-ups benefit from an extensive network, deep domain knowhow, proven skills in scalability as well as support to access the TRUMPF group and its ecosystem. The requirements for a potential investment are a strategic fit, a high innovation leverage and differentiation in business model or technology, an experienced management team and risk adequate financial returns.

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Investment focus

  • Industry: Manufacturing, Software, Artificial Intelligence
  • Stage:Series A, Series B
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 28
  • Round size: Series A $3.9M–$15M; Series B $4.2M–$70M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $43M in 2016

Portfolio highlights

  • nyris — Our custom search engines make it easy for people to find products, spare parts, and components for industry and eCommerce
  • Quside — Our QRNGs let innovators build advanced solutions for cybersecurity and computation.
  • iThera Medical — Due to its spatiotemporal resolution, penetration depth, sensitivity and specificity, optoacoustic imaging (OAI) can be used for a multitude of applications.
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Ferd
VC Fund · Lysaker, Akershus, Norway · 2 investments in Norway Climate startups

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

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Investment focus

  • Industry: Energy, Software, Manufacturing
  • Stage:Private Equity, Post-IPO Equity
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 54
  • Round size: Private Equity $11M–$13M; Post-IPO Equity $1M–$38M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • Ludenso — Ludenso is a software developer of AR solutions for the education industry. To make education more creative and engaging, we are giving editors, authors, and teachers the power to bring their learning resources to life through 3D models, animations, videos, and audio support. This is made possible through the Ludenso Studio, where they can createinclusive learning experiences that enables students to learn in their own way.
  • wheel.me — The first and only autonomous wheel in the world. The innovation transforms anything into an autonomous mobile robot with minimal effort and without the need to alter its design or form. The company was founded in 2013 and is headquartered in Oslo, Norway.
  • Nofence — Nofence is a system virtual fencing for grazing animals. Virtual fencing of livestock has been a concept long discussed in academia. The Norwegian ag-tech startup Nofence has since 2011 developed and patented a solution for virtual fencing that has proven to work. The customers say that this will become a real gamechanger for livestock managementsince pastures can easily be defined by a few clicks on a tablet/smartphone. The herd is then safely fenced in and can be monitored. The system will send notifications if something happens. From the global food security perspective, this solution will make it much easier to utilize the uncultivated land for varied and healthy pasture, and make it possible to produce more food on cultivated land.
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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 2 investments in Norway Climate startups

Statkraft Ventures is a long-term partner for entrepreneurs disrupting the energy sector.

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Investment focus

  • Industry: Software, Big Data, Information Technology
  • Stage:Series A, Series B
  • Geography: Germany, France, Norway

Investor stats

  • Total investments: 36
  • Round size: Series A $3.2M–$7M; Series B $8M–$19M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Hydrosat — Hydrosat provides daily, high-resolution thermal and multispectral infrared imagery of the entire Earth. Leveraging our first-in-history thermal capabilities, we also provide analytics solutions to solve climate and agriculture issues.
  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
  • Efficient Energy Technology — Photovoltaik mit Speicher zum Einstecken in der Steckdose - Mit deinem Balkonkraftwerk von EET produzierst du eigenen Sonnenstrom.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 2 investments in Norway Climate startups

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.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 69
  • Round size: Seed $214k–$2M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Reactional Music — GESTRUMENT is the revolutionary gesture based instrument.
  • EmbeDL — Efficient Deep Learning for Embedded Systems
  • Retein — Aquammodate is a greentech company that produces highly pure water at minimum energy cost.
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Norway Climate 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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Wiski Capital
VC Fund · 2 investments in Norway Climate startups

Venture capital firm focused on tech startups.

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Investment focus

  • Industry: Software, AgTech, Energy
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Round size: Seed $1.1M–$7.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Evyon — Eyvon is an electrical company that provides EV battery solutions to accelerate into a fully renewable future for everyone. The company's proprietary hardware and Battery Cloud ecosystem enable the conversion of EV batteries into high-quality, affordable, and plug-and-play battery energy storage systems.Eyvon's mission is to convertbattery waste into high-quality battery systems by repurposing discarded EV batteries. By leveraging a standardized and data-driven value chain, their ambition is to provide solutions at less than half the price of new ones.It was founded in 2020 and is based in Oslo, Norway.
  • Waved — We are changing the way people think of guest experience with technology that senses and elevates the ambience.
  • Glint Solar — Enabling developers to identify and analyze the best solar sites
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Bakken & Baeck
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate startups

A technology-driven design studio. Building digital products, brands and businesses, we help ambitious companies identify, explore and respond to new opportunities.

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Investment focus

  • Industry: Chemical, Software, Life Science
  • Stage:Seed, Angel
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Versor — Versor develops software necessary for true autonomous drone flight both indoors and outdoors, enabling complete automation of industrial drone operations. They believe this level of automation requires superior localization, which is particularly difficult to achieve indoors and in GPS-denied areas. By removing the need for pilots, entire fleetsof drones may be supervised remotely, enabling true scalability of drone operations across various applications.
  • Iris.ai — Powerful Tools for Your Research. We have built a world-leading AI engine for scientific text understanding. Applied to literature reviews, data extraction, post-market surveillance or any other task involving thousands of documents like papers or patents, this engine will make your life a whole lot easier.
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Lyse Group
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Climate startups

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

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Investment focus

  • Industry: SaaS, Water, Analytics
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Heimdall Power — Heimdall Power offers a rapid transition to fully digitized electric grid assets. Our technology increases on average the capacity of the grid by 30%.
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Loyal VC
VC Fund · Toronto, Ontario, Canada · 2 investments in Norway Climate startups, 11 in the past 12 months

Loyal runs a global venture fund with quarterly redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Partnered with INSEAD, Founder Institute, and 500+ advisors, we are Loyal to the world with 250+ investments in 50+ countries.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 129
  • Round size: Seed $78k–$2.5M; Pre-Seed $110k–$900k
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • InSyBio — A disruptor to Precision Medicine and Nutrition through biomarker discovery.
  • ZestIOT — ZestIOT is an IoT & AI enabled aviation platform to integrate passenger, baggage, aircraft, ground & airport operations.
  • Wellx — Turn your health into currency. At Wellx, we're focused on making you healthier. Insurance helps us make it happen.
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Vinyl Capital
VC Fund · Boston, Massachusetts, United States · 2 investments in Norway Climate 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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Dawn Capital
VC Fund · London, England, United Kingdom · 2 investments in Norway Climate startups

We are a family of investors, entrepreneurs, strategists and operational specialists, drawn together by our passion for helping B2B founders build category-defining companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Israel

Investor stats

  • Total investments: 114
  • Round size: Series A $2.7M–$11M; Series B $4M–$61M; Series C $6M–$101M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $400M in 2020

Portfolio highlights

  • Raito — We make modern data teams more productive by automating data access requests while respecting privacy and security.
  • FLOWX.AI — FLOWX.AI wraps and orchestrates legacy systems, making it incredibly easy for enterprises to create web and mobile front-ends for mission-critical business flows. The revolutionary AI-enabled Apeiron UX engine is able to automatically create a modern, intuitive front-end for customers and employees, helping to consolidate in a unified UI all thebusiness logic cross-systems.This enables companies with complex technology landscapes to create and launch mission-critical digital products fast, and then facilitate an easy path forward to full digital transformation.The revolutionary novel approach is 100x faster and cheaper than existing alternatives. FLOWX.AI allows delivery of enterprise-grade mobile and web digital front-ends as fast as 10 weeks, and requires much smaller engineering teams.
  • AccessFintech — AccessFintech offers a network of participants sharing data, standardising workflows and collaboration exception resolution
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Amadeus Ventures
VC Fund · Madrid, Madrid, Spain · 2 investments in Norway Climate 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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Singularity
VC Fund · 2 investments in Norway Climate 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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Climate Investment
VC Fund · London, England, United Kingdom · 1 investments in Norway Climate startups, 8 in the past 12 months

OGCI Climate Investments focuses on delivering the transition to lower carbon emission energy sources. The leaders of the ten major oil and gas companies are committed to the direction set out by the Paris Agreement on climate change. They support its agenda for global action and the need for urgency. Through their collaboration in Oil and GasClimate Initiative (OGCI), they can be a catalyst for change in their industry and more widely.OGCI aims to increase the ambition, speed and scale of the initiatives they undertake as individual companies to reduce the greenhouse gas footprint of their core oil and gas business – and to explore new businesses and technologies.

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Investment focus

  • Industry: Energy, CleanTech, Manufacturing
  • Stage:Series B, Series C, Series A
  • Geography: United States, Canada, Spain

Investor stats

  • Total investments: 45
  • Round size: Series A $5M–$18M; Series B $3.5M–$45M; Series C $5M–$16M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Aeroseal — Our duct and air sealing technologies are proven to make your air cleaner and healthier while delivering comfort and substantial energy savings.
  • Trace Carbon Solutions — Trace Carbon Solutions is focused on developing Carbon Capture and Sequestration (CCS) infrastructure to enable the decarbonization of an array of large-scale industrial emissions.
  • Carbon Upcycling — Carbon Upcycling Technologies (“CUT”) was formed to use the pollution of today to build the materials of tomorrow by converting CO2 gas into solid products. CUT sells advanced solid products derived from greenhouse emissions and cheaply available solids. Since 2014, CUT has scaled its ability to convert CO2 emissions into value-add end materials byover a million times. Through its portfolio of CO2-derived solid nanoparticles, CUT has technically validated its solutions for use in plastics, coatings, epoxy, adhesives, concrete, lithium-ion battery, and pharmaceutical industries. CUT recently launched a consumer brand called Expedition Air.CUT commercialized a corrosion-resistant coating, utilizing its nanoparticles, in 2017, becoming the youngest CO2 utilization company to generate commercial revenue (<2.5 years since inception) and has since been confirmed as one of the top CO2 utilization companies in the world as a winner of the X-Factor Award in the NRG COSIA Carbon XPRIZE. CUT has been named as a Solar Impulse Efficient Solution label recipient, a funding recipient of Fundación Repsol Entrepreneurs Fund, and a winner of the 2019 76West Clean Technology Competition.CUT’s most advanced product is its CO2-embedded concrete additive. In 2018, CUT graduated from the LafargeHolcim Accelerator in France and has continued conversations and testing with the company since then. CUT is also partnered with Burnco and Cemex. CUT’s commercial demonstration at the Alberta Carbon Conversion Technology Centre produces over 20 tonnes of concrete additives in a day. The product reduces the carbon footprint of concrete manufacturing by up to 25% while increasing the compressive strength of concrete by up to 40%.
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GenZero
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway Climate 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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BioInnovation Institute
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Climate startups, 16 in the past 12 months

BioInnovation Institute is a biotechnology startup that offers entrepreneurs and researchers in life science. Early-stage life science start-ups are supported with up to 10 million DKK in funding, business acceleration, network, labs, and office space. It helps to early-stage start-ups within human health and planetary health. The startup'smission is to use its knowledge, network, funding, and infrastructure to incubate world-class life science and catalyze the commercialization of new solutions through start-ups.BioInnovation Institute was founded in 2018 and is based in Denmark.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Convertible Note, Debt Financing, Pre-Seed
  • Geography: Denmark, Germany, Switzerland

Investor stats

  • Total investments: 65
  • Round size: Pre-Seed $504k–$1.8M; Debt Financing $536k–$1.4M; Convertible Note $536k–$1.4M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • TriptoBIO — TriptoBIO is developing a platform for producing natural plant compounds that will support the health of our planet. Our goal is to create a future where everyone can benefit from the power of plants, without depleting natural resources. Our first compound will liberate the world from rat poison
  • MATR Foods — MATR Foods is a food-tech startup that provides fungi-based food ingredients offering dishes produced from fungi like mushrooms, vegetables, and fruits.
  • Agrobiomics — Agrobiomics is a danish Agritech start-up, harnessing the power of soil bacteria and their metabolites as new biostimulants to help crops cope with abiotic stress such as drought.
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We Are Human
VC Fund · London, England, United Kingdom · 1 investments in Norway Climate startups

We Are Human strategise, design and build products and services that add value to people's lives through fulfilling a need or satisfying a desire. We Are Human is a platform to invest in great ideas and make them happen. By co-creating innovative new businesses, we can have impact in areas where they have a strong passion and desire toinfluence, improving their knowledge and skillset along the way. Through insights, future vision and human-centric design. We Are Human empower people, create change and instigate shared experiences that deliver tangible results.

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Investment focus

  • Industry: SaaS, Mobile, Software
  • Stage:Seed, Angel, Convertible Note
  • Geography: Norway

Investor stats

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

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.
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Gaztransport & Technigaz
VC Fund · Saint-rémy-lès-chevreuse, Centre, France · 1 investments in Norway Climate startups

GTT is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas). For over 50 years, GTT has offered to its customers technologies which allow them to optimize storage space and reduce the construction and operation costs of ships or tanksequipped with these systems.

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Investment focus

  • Industry: Manufacturing, Nanotechnology, Test and Measurement
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Tunable — Tunable delivers real-time multigas analysers combining micro and nanotechnology with infrared spectroscopy to ensure fast, reliable and accurate measurements. Our commitment to miniaturisation is our contribution for a more sustainable world.
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New Age Ventures
VC Fund · New York, New York, United States · 1 investments in Norway Climate startups

New Age Ventures

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Israel, Norway

Investor stats

  • Total investments: 19
  • Round size: Seed $350k–$2.2M; Pre-Seed $50k–$100k
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • FEMSelect — FEMSelect has designed a minimally-invasive, meshless system for anchoring sutures to ligaments of the pelvic floor for uterine prolapse surgical procedures.
  • Koios Medical — We put the AI in ultrasound.
  • Aqualung Carbon Capture — Aqualung Carbon Capture provides industrial scale carbon capture units to speed up decarbonisation and mitigate carbon emissions.
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Energy Capital Partners
VC Fund · Short Hills, New Jersey, United States · 1 investments in Norway Climate startups

ECP is a leading investor with a proven and established track record in power, renewables, storage and sustainability, and decarbonization infrastructure

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Investment focus

  • Industry: Energy, Oil and Gas, Solar
  • Stage:Private Equity, Series B
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 13
  • Round size: Private Equity $38M–$300M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $3B in 2022

Portfolio highlights

  • Anza Renewables — Anza Renewables facilitates the use of renewable energy by providing its developer, IPP, and EPC clients with a software solution.
  • Fast Radius — Fast Radius is a provider of additive manufacturing solutions from application discovery, to product design and testing, to production-grade manufacturing and global fulfillment. With cutting edge 3D plastic and metal printing technologies, CNC machining and rapid injection molding capabilities, and external production capacity from select globalproviders, Fast Radius On-Demand Production Platform delivers fast quotes, fast production and ensures reliable and superior quality.It brings the future of manufacturing and supply chains to the clients. From entirely new products uniquely enabled by additive manufacturing to global supply chain solutions leveraging our virtual warehouse, Fast Radius can help.
  • Braya Renewable Fuels — Braya Renewable Fuels operates as a oil & energy company.
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Ecosystem Integrity Fund
VC Fund · San Francisco, California, United States · 1 investments in Norway Climate startups

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.

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Series A, Series B
  • Geography: United States, Norway, Rwanda

Investor stats

  • Total investments: 39
  • Round size: Series A $4M–$30M; Series B $5M–$32M
  • Lead/follow: 77% lead, 23% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Liminal — Advanced battery inspection and metrology with ultrasound and machine learning
  • Battery Smart — Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.
  • Vibrant Planet — Data-driven science and cloud-based technology to help make communities and ecosystems more resilient in the face of climate change.
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Sandwater
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Climate startups

We are Sandwater. Regeneration of our resources. Vitalizing healthcare & education. Improving life through technology.

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Investment focus

  • Industry: AgTech, Energy, Battery
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Evyon — Eyvon is an electrical company that provides EV battery solutions to accelerate into a fully renewable future for everyone. The company's proprietary hardware and Battery Cloud ecosystem enable the conversion of EV batteries into high-quality, affordable, and plug-and-play battery energy storage systems.Eyvon's mission is to convertbattery waste into high-quality battery systems by repurposing discarded EV batteries. By leveraging a standardized and data-driven value chain, their ambition is to provide solutions at less than half the price of new ones.It was founded in 2020 and is based in Oslo, Norway.
  • Nofence — Nofence is a system virtual fencing for grazing animals. Virtual fencing of livestock has been a concept long discussed in academia. The Norwegian ag-tech startup Nofence has since 2011 developed and patented a solution for virtual fencing that has proven to work. The customers say that this will become a real gamechanger for livestock managementsince pastures can easily be defined by a few clicks on a tablet/smartphone. The herd is then safely fenced in and can be monitored. The system will send notifications if something happens. From the global food security perspective, this solution will make it much easier to utilize the uncultivated land for varied and healthy pasture, and make it possible to produce more food on cultivated land.
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FinStart Nordic
VC Fund · 1 investments in Norway Climate 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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World Wildlife Fund
VC Fund · Washington, District of Columbia, United States · 1 investments in Norway Climate 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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Electrification Financing Initiative
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Norway Climate startups

Impact investment in sustainable energy

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, Kenya, Nigeria

Investor stats

  • Total investments: 54
  • Round size: Series A $2.1M–$30M; Debt Financing $107k–$9M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • WeLight — WeLight deploys sustainable and accessible solutions to accelerate energy inclusion in rural areas of Africa.
  • Okra Solar — Okra Solar is an IoT technology solution that enables solar generating communities to share and utilize more energy. It is a plug-and-play smart grid technology that enables rapid electrification for last-mile communities. Using mobile payments, modular grid design, and remote monitoring, they provide utility companies with a low-cost, data-drivensolution to operate solar networks in hard to reach communities. They are on a mission to connect off-grid communities to the modern economy.Okra Solar was founded in 2016 and is headquartered in Sydney, Australia.
  • Solarise Africa — Solarise Africa is a pan African energy leasing company for solar PV and other energy assets focusing on Commercial and Industrial (C&I) clients. Its business model is designed for scalability. Solarise Africa focuses on providing smart financing through close collaboration with a selected group of partners across solar and other renewableenergy technologies. For solar PV it is focusing on captive rooftop and ground mounted solar projects ranging from 100kW to 3MW. It is currently active in Kenya, looking to open in South Africa and has plans to expand into East, Southern and West Africa.
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Nordic Impact
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Climate startups

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.

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Investment focus

  • Industry: Chemical, Life Science, Visual Search
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Iris.ai — Powerful Tools for Your Research. We have built a world-leading AI engine for scientific text understanding. Applied to literature reviews, data extraction, post-market surveillance or any other task involving thousands of documents like papers or patents, this engine will make your life a whole lot easier.
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4impact
VC Fund · Netherlands, Missouri, United States · 1 investments in Norway Climate startups

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.

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Investment focus

  • Industry: Software, Information Technology, Marketplace
  • Stage:Seed, Series A
  • Geography: The Netherlands, Italy, Germany

Investor stats

  • Total investments: 17
  • Round size: Seed $643k–$2.1M; Series A $1.1M–$12M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Equalture — Equalture collects crucial insights on skills and behaviours of your current team and candidates to hire the best-fits without bias, using a gamified approach.
  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Circularise — Circularise brings transparency to global supply chains. Circularise offers different solutions for different problems within the supply chain. Learn how you can become part of the Circular Economy and what solution Circularise can offer your company.
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Newday
VC Fund · Viken, Troms, Norway · 1 investments in Norway Climate startups

Newday is an investment firm that focuses on Norwegian companies. The company was founded in 2021 and is based in Ski, Viken.

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Investment focus

  • Industry: Software, Food Processing, Waste Management
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • TotalCtrl — With TotalCtrl's inventory management system you will know what's in your food inventory at any given time, ability to automate manual tasks, and receive intuitive reports.
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The Index Project
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Climate startups

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?

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Investment focus

  • Industry: Artificial Intelligence, Chemical, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Chile

Investor stats

  • Total investments: 9
  • Round size: Seed $1.5M–$2M; Series A $1.1M–$3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Agribuddy — CONNECTING THE NEXT BILLION.
  • CanopyLAB — The Future of Learning. Delivered Today.
  • Destácame — Destacame is the first behavior-based credit score in Latin America.
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Sound Ventures
VC Fund · Beverly Hills, California, United States · 1 investments in Norway Climate 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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Bonheur ASA
VC Fund · 1 investments in Norway Climate 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 Climate 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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Green Campus Innovations Oy
VC Fund · 1 investments in Norway Climate startups

Provide an effective, outsourced incubation and acceleration platform .

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Investment focus

  • Industry: Energy, Battery, Biotechnology
  • Stage:Seed
  • Geography: Finland

Investor stats

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

Portfolio highlights

  • Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service
  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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All Iron Ventures
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Norway Climate 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 Climate 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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