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

## Investinor
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 13
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Manufacturing

Investinor invests in Norwegian based, high potential companies that are internationally oriented and in the phases ranging from early growth to expansion. The company has BNOK 4.2 ($500 m) under management and focus on companies within the internet, software, semiconductors, energy, cleantech, marine and life sciences sectors.

## ProVenture
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 12
- Stages: Seed, Series A
- Focus: Oil and Gas, Software, Information Technology

ProVenture invest in young digital technology startups in Norway. ProVenture have three seed funds and more than a billion NOK under management. ProVenture is a member of Norwegian Venture Association (NVCA).

## SINTEF Venture AS
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 6
- Stages: Seed, Pre-Seed
- Focus: Manufacturing, Software, Energy

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

## Alliance
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Information Technology, Analytics

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

## Antler
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 5
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, SaaS

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

## Speedinvest
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, FinTech, Financial Services

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.

## Valinor AS
- Type: VC Fund
- Location: Stavanger, Rogaland, Norway
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Renewable Energy, Robotics, SaaS

Established in 1996 as Norsk Vind AS, re-branded Valinor AS in 2019, the company is a family owned investment firm that holds controlling interest in Norsk Vind Energi AS, Norway's largest private wind company. The company re-invests 90% of its profits into clean tech and renewable energy companies worldwide. Its largest investments includeglobal leader in electricity infrastructure Zaptec, and solar energy developer Norsk Solar AS.

## Link Venture Capital
- Type: VC Fund
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, Renewable Energy

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

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

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

## Voyagers
- Type: VC Fund
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Convertible Note
- Focus: B2B, Biotechnology, Machinery Manufacturing

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.

## Momentum
- Type: VC Fund
- Location: Bergen, Hordaland, Norway
- Relevant deals: 3
- Stages: Seed
- Focus: Manufacturing, AgTech, Consumer

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.

## Shell Ventures
- Type: VC Fund
- Location: Rijswijk, Zuid-Holland, The Netherlands
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Energy, Renewable Energy, Software

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

## RunwayFBU
- Type: VC Fund
- Location: Fornebu, Akershus, Norway
- Relevant deals: 3
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, B2B

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

## CoFounder
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Manufacturing, Industrial, SaaS

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.

## Saudi Aramco Energy Ventures
- Type: VC Fund
- Location: Dhahran, Ash Sharqiyah, Saudi Arabia
- Relevant deals: 2
- Stages: Series C, Series B
- Focus: Energy, Oil and Gas, Software

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

## TRUMPF Venture
- Type: VC Fund
- Location: Ditzingen, Baden-Wurttemberg, Germany
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Manufacturing, Software, Artificial Intelligence

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.

## Ferd
- Type: VC Fund
- Location: Lysaker, Akershus, Norway
- Relevant deals: 2
- Stages: Private Equity, Post-IPO Equity
- Focus: Energy, Software, Manufacturing

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

## Statkraft Ventures
- Type: VC Fund
- Location: Düsseldorf, Nordrhein-Westfalen, Germany
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Big Data, Information Technology

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

## Butterfly Ventures
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, Information Technology

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

## Contrarian Ventures
- Type: VC Fund
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Energy

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

## Wiski Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed
- Focus: Software, AgTech, Energy

Venture capital firm focused on tech startups.

## Bakken & Baeck
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Chemical, Software, Life Science

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

## Lyse Group
- Type: VC Fund
- Location: Stavanger, Rogaland, Norway
- Relevant deals: 2
- Stages: Seed
- Focus: SaaS, Water, Analytics

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

## Loyal VC
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Software, Artificial Intelligence, E-Commerce

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.

## Vinyl Capital
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, Software, Analytics

Investing in the future of how people buy stuff.

## Dawn Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: Software, SaaS, Information Technology

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

## Amadeus Ventures
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Travel, Mobile

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

## Singularity
- Type: VC Fund
- Relevant deals: 2
- Stages: Pre-Seed, Convertible Note
- Focus: SaaS, Software, CleanTech

Luxembourg-based family office

## Climate Investment
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series B, Series C, Series A
- Focus: Energy, CleanTech, Manufacturing

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.

## GenZero
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A
- Focus: Software, CleanTech, Developer APIs

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.

## BioInnovation Institute
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Convertible Note, Debt Financing, Pre-Seed
- Focus: Biotechnology, Medical, Health Care

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.

## We Are Human
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Angel, Convertible Note
- Focus: SaaS, Mobile, Software

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.

## Gaztransport & Technigaz
- Type: VC Fund
- Location: Saint-rémy-lès-chevreuse, Centre, France
- Relevant deals: 1
- Focus: Manufacturing, Nanotechnology, Test and Measurement

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.

## New Age Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Medical, Medical Device

New Age Ventures

## Energy Capital Partners
- Type: VC Fund
- Location: Short Hills, New Jersey, United States
- Relevant deals: 1
- Stages: Private Equity, Series B
- Focus: Energy, Oil and Gas, Solar

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

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

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

## Sandwater
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: AgTech, Energy, Battery

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

## FinStart Nordic
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: SaaS, Software, CleanTech

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

## World Wildlife Fund
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Seafood, Food Processing, Farming

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

## Electrification Financing Initiative
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Energy, Solar, Renewable Energy

Impact investment in sustainable energy

## Nordic Impact
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed
- Focus: Chemical, Life Science, Visual Search

Nordic Impact invests in, supports, and builds businesses and funds based around technology. The company's goal is to make impact investing mainstream and mobilize all business and capital towards solving the big problems in the world while making great financial returns.

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

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

## Newday
- Type: VC Fund
- Location: Viken, Troms, Norway
- Relevant deals: 1
- Focus: Software, Food Processing, Waste Management

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

## The Index Project
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Artificial Intelligence, Chemical, SaaS

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?

## Sound Ventures
- Type: VC Fund
- Location: Beverly Hills, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, FinTech, Financial Services

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

## Bonheur ASA
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Pre-Seed
- Focus: SaaS, Energy, Software

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

## DNB Ventures
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: SaaS, Software, CleanTech

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

## Green Campus Innovations Oy
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Energy, Battery, Biotechnology

Provide an effective, outsourced incubation and acceleration platform .

## All Iron Ventures
- Type: VC Fund
- Location: Bilbao, Pais Vasco, Spain
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Internet

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.

## Firda
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 1
- Stages: Seed

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

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