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Top 50 Startup Investors in Norway (May 2026)

The most active venture capital funds and angel investors investing in Norway startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway 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
48 Norway, United States, Switzerland Seed, Series A Software, Biotechnology, Manufacturing $160k–$13M
Skyfall Ventures
VC Fund
30 Norway, Denmark, United States Pre-Seed, Seed Software, Information Technology, Artificial Intelligence $270k–$5.4M
Alliance
VC Fund
26 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics $840k–$12M
ProVenture
VC Fund
22 Norway, United States, India Seed, Series A Oil and Gas, Software, Information Technology $744k–$6.4M
Innovation Norway
VC Fund
22 Norway, Romania, United States Grant, Seed Software, Information Technology, Artificial Intelligence $41k–$3.6M
SINTEF Venture AS
VC Fund
19 Norway, United States, United Kingdom Seed, Pre-Seed Manufacturing, Software, Energy $160k–$4.9M
SNÖ Ventures
VC Fund
17 Norway, Vietnam Seed, Series A Software, SaaS, Video Games $899k–$5M
Idekapital
VC Fund
16 Norway, United Kingdom Seed, Series A Software, SaaS, Artificial Intelligence $162k–$14M
Antler
VC Fund
15 Singapore, United Kingdom, Australia Pre-Seed, Seed, Series A Software, Information Technology, SaaS $100k–$29M
Skagerak Maturo
VC Fund
10 Norway Seed, Series A Software, Information Technology, SaaS $926k–$7.5M
DNB
VC Fund
10 Norway, Sweden, Denmark Seed, Post-IPO Debt Energy, Banking, Software $600k–$429M
Northzone
VC Fund
10 United States, Sweden, United Kingdom Series A, Series B, Seed Software, E-Commerce, Information Technology $2.3M–$52M
Ferd
VC Fund
10 Norway, Sweden, United States Private Equity, Post-IPO Equity Energy, Software, Manufacturing $1M–$38M
RunwayFBU
VC Fund
9 Norway Pre-Seed, Seed, Angel Software, SaaS, B2B
Schibsted Growth
VC Fund
9 Sweden, Norway, France Seed, Series A Internet, Financial Services, E-Commerce $90k–$5.3M
Arkwright X
VC Fund
9 Norway Seed, Pre-Seed Software, SaaS, PaaS
Valinor AS
VC Fund
7 Norway, United Kingdom Seed, Series A Renewable Energy, Robotics, SaaS $1.8M–$2.3M
Creandum
VC Fund
7 Sweden, Germany, United States Series A, Seed, Series B Software, Information Technology, Mobile $450k–$54M
Link Venture Capital
VC Fund
7 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Information Technology, Renewable Energy $400k–$4.3M
TeleVenture Management
VC Fund
7 Norway, United States Seed, Series A Manufacturing, Software, Information Technology
Norselab
VC Fund
6 Norway, Switzerland, United States Seed, Series A Software, SaaS, Analytics $500k–$14M
Erlend Reitan
Angel
6 Norway, Sweden, United Kingdom Seed, Series A, Secondary Market Information Technology, Software, Finance
Construct Venture
VC Fund
5 Norway Seed, Series A Information Technology, Real Estate, Information Services
Momentum
VC Fund
5 Norway, Finland Seed Manufacturing, AgTech, Consumer $2.7M–$3M
Birk Venture
VC Fund
5 Norway, United Kingdom Seed, Series A Biotechnology, Medical, Health Care $1.2M–$20M
Trond Riiber Knudsen
Angel
5 Norway, United States, Kenya Seed, Angel, Pre-Seed Software, Construction, SaaS $300k–$3.5M
Viking Venture
VC Fund
5 Norway, United States, United Kingdom Series A, Series B Oil and Gas, Software, Energy
Wiski Capital
VC Fund
4 Norway Seed Software, AgTech, Energy $1.1M–$7.5M
Stratel
VC Fund
4 Norway, United Arab Emirates Seed Robotics, Software, 3D Technology $320k–$1.8M
Anne Worsoe
Angel
4 Norway, United States, Denmark Pre-Seed, Angel Artificial Intelligence, Information Technology, Financial Services $647k–$1.1M
CoFounder
VC Fund
4 Norway Seed, Series A Manufacturing, Industrial, SaaS $791k–$2.3M
Christian Rokseth
Angel
4 Norway Seed, Pre-Seed Electronics, CRM, Security $1.2M–$1.3M
Chris Murphy
Angel
4 United States, Germany, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $1.8M–$16M
Speedinvest
VC Fund
4 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $396k–$50M
Bring Ventures
VC Fund
4 Sweden, Norway, United Kingdom Seed, Series A E-Commerce, B2B, Information Technology
Founders Fund
VC Fund
4 United States, United Kingdom, Germany Series A, Seed, Series B Software, Health Care, Internet $1.2M–$75M
Concentric
VC Fund
4 United Kingdom, United States, Norway Seed, Series A, Series B Financial Services, Software, E-Commerce $857k–$225M
The Nordic Web Ventures
VC Fund
4 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, SaaS, Information Technology $250k–$1.5M
Sean Percival
Angel
4 United States, Norway, Estonia Seed, Pre-Seed, Equity Crowdfunding Software, E-Commerce, Manufacturing $10k–$4.2M
Aleksander Leonard Larsen
Angel
4 Norway, Singapore, Brazil Seed, Series A, Pre-Seed Gaming, Digital Entertainment, Video Games $1.6M–$15M
Kistefos Venture Capital
VC Fund
3 Norway, Singapore, Sweden Seed, Series A Software, FinTech, Financial Services $700k–$1.5M
Verdane
VC Fund
3 Sweden, Norway, Germany Private Equity, Series A E-Commerce, Software, Information Technology $4.4M–$100M
Weekend Fund
VC Fund
3 United States, India, Canada Seed, Pre-Seed, Series A Software, Information Technology, FinTech $1.2M–$5M
Avlok Kohli
Angel
3 United States, Canada, Norway Seed, Pre-Seed, Angel Software, FinTech, Information Technology $1.6M–$1.8M
Bitmain
VC Fund
3 United States, China, Singapore Series A, Seed Blockchain, Cryptocurrency, Internet $480k–$15M
Tharald Nustad
Angel
3 Ghana, Kenya, Norway Seed, Convertible Note Farming, Information Technology, Communities $200k–$629k
Hadean Ventures
VC Fund
3 Sweden, Norway, Austria Series A, Series B Biotechnology, Health Care, Pharmaceutical $3.7M–$69M
Schibsted
VC Fund
3 Sweden, Norway, Brazil Series A, Seed Apps, Financial Services, Information Technology
Statkraft Ventures
VC Fund
3 Germany, France, Norway Series A, Series B Software, Big Data, Information Technology $3.2M–$19M
Draper B1
VC Fund
3 Spain, United States, Italy Seed, Pre-Seed Software, Internet, SaaS $80k–$1.2M
Access all 769 investors in Norway 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 · 48 investments in Norway 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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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 30 investments in Norway startups, 8 in the past 12 months

We are an early stage venture capital firm based in Oslo, Norway.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $656k–$5.4M; Pre-Seed $270k–$1.6M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Databutton — Databutton is an online app builder that empowers the next generation of entrepreneurs and innovators. It enables anyone to create dynamic online apps in minutes by connecting to a growing array of sources, models, and integrations, or by utilizing their own datasets. 먹튀검증 https://muktts.net/
  • Optio Incentives — Optio helps businesses incentivize employees, manage equity, stay compliant, and report costs with our software and advisory
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Alliance
VC Fund · Oslo, Oslo, Norway · 26 investments in Norway 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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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 22 investments in Norway 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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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 22 investments in Norway startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Seed
  • Geography: Norway, Romania, United States

Investor stats

  • Total investments: 54
  • Round size: Seed $47k–$3.6M; Grant $41k–$1.1M
  • Lead/follow: 41% lead, 59% 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.
  • Hyperhuman — Hyperhuman is the AI-powered video platform for health & fitness. Drive engagement, boost loyalty, attract leads, and streamline your video production.
  • Intoto — Intoto is a Company from Norway providing real-time data from rivers and streams.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 19 investments in Norway 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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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 17 investments in Norway startups

SNÖ is an early stage venture capital firm that empowers Nordic technology entrepreneurs and startups. They founders are builders and entrepreneurs themselves, with unique digital expertise, and are extremely passionate about the various aspects that make a startup succeed.SNÖ is based in Oslo, Norway. It was founded by Magne Uppman and TeodorBjerrang in 2015.

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Investment focus

  • Industry: Software, SaaS, Video Games
  • Stage:Seed, Series A
  • Geography: Norway, Vietnam

Investor stats

  • Total investments: 19
  • Round size: Seed $899k–$5M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Breyta — Unify your customer and user data to get actionable insights throughout your customer lifecycle.
  • Stablegains — No hidden fees, no minimum balances, no commitment periods. Takes only a few minutes to get started.
  • 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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Idekapital
VC Fund · Oslo, Oslo, Norway · 16 investments in Norway startups

We manage two investment funds with more than 1 bn NOK under management. We invest in high-growth software and technology companies.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Seed $162k–$4.4M; Series A $2.7M–$14M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Appfarm — Quickest way to develop apps
  • 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.
  • Kongsberg Digital — Kongsberg Digital offers transformative technology and deep expertise to help industrial companies achieve increased productivity and growth.
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Antler
VC Fund · Singapore, Central Region, Singapore · 15 investments in Norway 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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Skagerak Maturo
VC Fund · 10 investments in Norway startups

As an early stage venture firm, we invest in companies with positive impact. Megatrends like climate change and resource scarcity are some of the challenges we are facing. We believe technological innovations will contribute to a positive impact on people and the planet.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $926k–$1.4M; Series A $2.7M–$7.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Semine — The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)
  • OptoScale — OptoScale sells real-time monitoring equipment for fish farms. OptoScale engages in precision aquaculture, helping fish farmers unlock unprecedented productivity and sustainability gains.
  • Ignite Procurement — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
DNB
VC Fund · Oslo, Oslo, Norway · 10 investments in Norway startups

DNB is a financial services group that offers financial services through mobile, online banking, bank offices, and international offices. The Group provides a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. The company’s personal banking products andservices include savings and investment products.DNB offers its products and services to various sectors, including financial institutions, energy, manufacturing, healthcare, packaging, and forest products, shipping, offshore, and logistics, seafood, and telecom, media, and technology. They also distribute its products and services through its branches, in-store postal and banking outlets, and post office counters.DNB was founded in 1822 and is headquartered in Oslo, Norway.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Climeon — The Climeon Heat Power system, converts waste heat and geothermal heat into clean electricity. Saving fuel and electricity cost - as well as the environment.
  • Edify Energy — Edify Energy is a renewable energy company that specializes in solar project structuring, investments, and financing services.
  • Ocean GeoLoop — Ocean GeoLoop captures and stores or utilizes CO2 naturally. With no use of chemicals, toxins or other harmful consumables.
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Northzone
VC Fund · London, England, United Kingdom · 10 investments in Norway startups, 18 in the past 12 months

Northzone is a venture capital fund with a perspective shaped by lives as entrepreneurs. Since 1996, they've made over 175 investments and invest from Seed to Growth. They've partnered with the founders of Spotify, Avito, iZettle, Klarna, Hopin, and hundreds of others to build category-defining businesses. They've raised €1bn inSeptember 2022.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 239
  • Round size: Seed $2.3M–$11M; Series A $3.2M–$25M; Series B $5M–$52M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • IDOVEN — IDoven develops products to detect heart problems at an early stage to prevent heart diseases.
  • Quench.ai — Quench is a tech infrastructure for video creators to deliver exclusive content, engage and reward their true fans.
  • Bedrock Ocean Exploration — Bedrock is building smarter, more efficient ways to collect and manage seafloor data.
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Ferd
VC Fund · Lysaker, Akershus, Norway · 10 investments in Norway 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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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 9 investments in Norway 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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Schibsted Growth
VC Fund · Oslo, Oslo, Norway · 9 investments in Norway startups

Investing in great digital companies!

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Investment focus

  • Industry: Internet, Financial Services, E-Commerce
  • Stage:Seed, Series A
  • Geography: Sweden, Norway, France

Investor stats

  • Total investments: 51
  • Round size: Seed $90k–$5.3M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • Bookis — Bookis is the Next-Generation Online Bookstore with Direct Author Compensation, making the sharing of stories and knowledge playfully easy - from all bookshelves, for everyone. We leverage community, technology and innovative distribution to enable radically easier peer-to-peer bookselling, with fair author compensation models. Building theworld's largest network of authors fighting for a more fair book industry worldwide.
  • Dintero — Dintero is a Norwegian startup delivering payment, checkout, crm & loyalty solutions.
  • Campanyon — Camping, RV parks, glamping near you. Book your outdoor stays.
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Arkwright X
VC Fund · Oslo, Oslo, Norway · 9 investments in Norway startups

Arkwright X is the place for aspiring startups to innovate and develop. We accelerate your journey to success through a pre-seed capital injection, top quality working environment, strategy sparring & advice, and access to Arkwright's extensive network.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Appfarm — Quickest way to develop apps
  • Databutton — Databutton is an online app builder that empowers the next generation of entrepreneurs and innovators. It enables anyone to create dynamic online apps in minutes by connecting to a growing array of sources, models, and integrations, or by utilizing their own datasets. 먹튀검증 https://muktts.net/
  • 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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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 7 investments in Norway 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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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 7 investments in Norway startups, 13 in the past 12 months

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

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Investment focus

  • Industry: Software, Information Technology, Mobile
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 198
  • Round size: Seed $450k–$16M; Series A $3M–$22M; Series B $6.4M–$54M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Ivy — We are building a global API for instant bank payments
  • Terralayr — Terralayr uses software to collect energy grid-scale storage, which will be required as we strive to make renewable energy more efficient and lucrative.
  • Lindus Health — Lindus Health. From recruitment to delivery, we accelerate clinical trials. Our mission is to make health research accessible for everyone, everywhere.
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TeleVenture Management
VC Fund · Oslo, Oslo, Norway · 7 investments in Norway startups

Making Venture Happen. Televenture is one of the leading venture capital companies in Norway.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • CrayoNano — CrayoNano is a next generation semiconductor company. We specialize in nanotechnology that will enable a more sustainable and healthier life for tomorrow.
  • Genetic Analysis — Genetic Analysis AS (GA) has the goal of being a leader within the field of molecular diagnostics of diseases related to gut imbalances. By utilizing the DNA-based GA-map™ array technology, profiles of a patient’s gut microbiota is quickly generated and can be related to various health conditions. Genetic Analysis has developed a DNA-basedtechnology platform that allows for simultaneous analysis of a large number of similarities (but not identical) gene fragments in one reaction. The company’s focus is to utilize this technology platform to identify variations in the hundreds of different bacteria that exist in the gut (large and small intestine). The GA - map makes it possible, for the first time, to offer a diagnostic solution – including early detection - for many diseases that are affected by imbalances in the gut microbiota. Genetic Analysis will offer kits and services for a wide range of applications.
  • Stingray Marine Solutions — Stingray Marine Solutions is a Norwegian technology firm that produces a laser unit which, when lowered into salmon farming pens, kills sea lice. It is based on entrepreneur Esben Beck’s patented idea in 2010 for salmon louse removal using camera vision and laser. It all started with Esben Beck and a lathe in his basement in 1999. After more than10 years of deliveries to oil, gas and offshore companies, he decided to invest in his own products. He decided to found and develop his own salmon louse project, where design, production, software development, testing, and installation were carried out by using in-house resources.Stingray is based in Oslo, Norway.
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Norselab
VC Fund · Oslo, Oslo, Norway · 6 investments in Norway startups

Norselab is a leading European impact investment house. We are dedicated to proving that impact is the future of investing across asset classes.

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Seed, Series A
  • Geography: Norway, Switzerland, United States

Investor stats

  • Total investments: 15
  • Round size: Seed $500k–$6.4M; Series A $1.9M–$14M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Beefutures — Beefutures combines biotechnology and data science and develops beekeeping tools. Our approach is to improve bee health and safety first and further optimise beekeeping operations and economics with digital tools.
  • imove — Een abonnement op een auto geeft je dezelfde vrijheid als autobezit. Je kan er in rijden zoveel en zo ver je maar wilt. Bij imove heb je na de minimaal gekozen contractduur de vrijheid om je abonnement op te zeggen wanneer je maar wilt. Je hoeft je geen zorgen te maken over onverwachte kosten of waardeverlies. Die stress is voor ons. Onze abonnementen zijn all-inclusive, met als resultaat: een waanzinnig comfort, exclusief voor jou.
  • Wanda — Lageret som henter og leverer hjemme. Rimelig, trygt, enkelt!
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Erlend Reitan
Angel · Oslo, Oslo, Norway · 6 investments in Norway startups

Seasoned venture capital investor helping founders and their teams hands-on to accelerate the entrepreneurial journey. Actively looking for investments with unicorn potential.M&A specialist with experience from complex cross-border transactions. Experience from more than 20 M&A transactions including more than 10 cross-border deals, exitswith mainly publicly listed and Private Equity counterparts.

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Investment focus

  • Industry: Information Technology, Software, Finance
  • Stage:Seed, Series A, Secondary Market
  • Geography: Norway, Sweden, United Kingdom

Investor stats

  • Total investments: 11
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • evoluteIQ — Foster the best-in-class enterprise workflow automation at scale with EvoluteIQ's end-to-end hyperautomation enablement platform
  • DIME — DIME provides digitalization and automation services to simplify the work of municipalities.
  • Confidus Venture Capital — Confidus Venture Capital is a Venture Fund designed to outperform. We invest in future winners in digital transformation and automation.Setting the record straight – the quality of an idea and the human capital behind it is far more important than factors such as investment stage, size or profits. We know it from experience working closely withambitious and bold entrepreneurs. Entrepreneurs with the power to change the world! Together we have built disruptive global tech companies challenging industry norms. Delivering outstanding results. Our incentive is only upon success: Our belief in sustainable value creation is so strong we have eliminated management fees!
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Construct Venture
VC Fund · 5 investments in Norway startups

Construct Venture is a NOK 80M joint fund between AF Gruppen and OBOS making investments in building and construction industry.

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Investment focus

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

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • 7Analytics — 7Analytics delivers disruptive proptech solutions for sustainable cities. Our innovative FlomKuben software will utilize automatization and AI to allow rapid and safe analysis for stormwater management.
  • Wanda — Lageret som henter og leverer hjemme. Rimelig, trygt, enkelt!
  • Findable — Findable is a SaaS platform that automates document workflows by utilising AI/ML. It allows building owners, operators and general contractors to reduce manual work and increase document quality. This is essential for compliance, sustainability and efficient facility management.Findable was launched in 2020 with a mission to unlock the valuein the building documentation and make it more accessible.
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Momentum
VC Fund · Bergen, Hordaland, Norway · 5 investments in Norway 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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Birk Venture
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway startups

Birk Venture is a Scandinavian venture company exclusively focusing on the life science industry.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Series A $1.2M–$20M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • APIM Therapeutics — APIM Therapeutics is based on an original discovery by Prof. Marit Otterlei and co-inventors at the Department of Cancer Research and Molecular Medicine at NTNU (Trondheim, Norway). The company is currently developing proprietary peptide drugs targeting PCNA (Proliferating Cell Nuclear Antigen), a key DNA repair protein regulating cellularresponses to DNA damage and stress.
  • Zelluna Immunotherapy — Zelluna Immunotherapy AS is a privately owned biopharmaceutical company focused on the development of TCR based immunotherapies.
  • Accession Therapeutics — Accession Therapeutics’ elegant Trocept platform has potential to treat some of the most intractable and widespread forms of cancer. Based in Oxford, UK, it is developing a pipeline of products to the early clinical trial stage. Led by Bent Jakobsen, PhD FMedSci, a pioneer of T cell receptor therapy for cancer, the team is highly experienced intaking immuno-oncology products to the clinic. Accession Therapeutics’ Trocept technology is based on over a decade’s work and has generated exceptional preclinical data.Accession Therapeutics’ proprietary technology incorporates cancer-tropic viruses, the first time that viruses have been genetically modified to exclusively target cancer cells. As non-cancerous cells are not targeted by Trocept, systemic toxicity is eliminated meaning the drugs can be delivered intravenously and traffic to the tumour. Trocept’s highly potent and local activity gives it potential in some of the hardest to treat and most widespread forms of cancer. This includes breast, cervical, colorectal, gastric, head and neck, lung, oral, ovarian and pancreatic cancer.
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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 5 investments in Norway startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

  • Industry: Software, Construction, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Norway, United States, Kenya

Investor stats

  • Total investments: 12
  • Round size: Seed $320k–$3.5M; Angel $300k–$899k; Pre-Seed $647k–$1.1M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • laiout — We are a team of entrepreneurs tasked with reducing the time and frustration involved when designing early stage floor plans for large developments and existing properties.With support from world's biggest early-stage VC and several of our international future clients our team is helping to optimize this tedious architectural design phasesaving up to 20 weeks of time while providing more and better solutions.
  • Pratexo — Pratexo is the intelligent edge computing and distributed cloud platform for industry 4.0 accelerating time to design, test, and provision.
  • Uncover — Experience nourishing and rejuvenating Uncover Skincare products in Kenya. Made just for you, using the finest ingredients to offer innovative & effective solutions.
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Viking Venture
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway startups

Viking Venture (The Nordic software investor) - We invest in fast-growing B2B software companies in the Nordics.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Zilift Limited — Zilift was established in May 2009 exclusively to develop and market permanent magnet technologies for innovative artificial lift applications.
  • MemfoACT — MemfoACT has proprietary technology for upgrading of biogas and separation of other gases. MemfoACT AS was founded in August 2008, as a joint venture between NTNU Technology Transfer (TTO) and the entrepreneurs professor May-Britt Hägg, PhD Jon Arvid Lie and PhD Arne LindbrÃ¥then. The company core business is gas purification, with focus on biogasupgading to fuel quality using a novel carbon molecular sieve membrane. This membrane is capable of performing the separation to spec with acceptable recovery in a single stage setup. This gives this membrane a significant advantage in this process compared with competing polymer membranes.
  • ExproSoft — ExproSoft is a software & consultancy company increasing well uptime for oil & gas operators. They deliver solutions that allow the operators to understand the failures and risk of well equipment, and use this knowledge to reduce intervention cost and increase production throughout the wells’ life cycle.
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Wiski Capital
VC Fund · 4 investments in Norway 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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Stratel
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway startups

Stratel AS is a family owned Norwegian investment and development company, founded in 1976 by Reidar Lorentzen. Stratel invests in entrepreneurs and companies with high ambitions, positive impact and a promising value potential. We invest in both startups, ventures and mature businesses. ​ Their investment philosophy is for Fun, Sense and Profit.

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Investment focus

  • Industry: Robotics, Software, 3D Technology
  • Stage:Seed
  • Geography: Norway, United Arab Emirates

Investor stats

  • Total investments: 5
  • Round size: Seed $320k–$1.8M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • 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.
  • HotelOnline — HotelOnline is the #1 revenue partner for the hospitality sector in Africa. More than 5,000 accommodation and restaurant partners in 24 countries have increased their revenue, and improved their customer experience with HotelOnline's technology-driven solutions. The HotelOnline Group includes Cloud9 - Africa's Lifestyle Network.
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Anne Worsoe
Angel · Oslo, Oslo, Norway · 4 investments in Norway startups

I work with early-stage technology startups and founders with ambitions to solve global challenges. I'm co-founder and partner at Farmhouse, investing primarily in Norwegian startups, and a venture partner at Antler, a global early-stage VC. Previously, I held the position as Portfolio Manager and Partner at B&B while the company scaledfrom 16 to 60+ people in three countries. I initiated and co-founded the co-working space Nordic Innovation House in Silicon Valley, explored new business opportunities in the renewables industry and I was the first CEO of the Norwegian Venture Capital & Private Equity Association. I have experience as a co-founder, angel investor, member of the Board of Directors for startups and VCs, focusing on early-stage ventures, growth, and internationalization. I'm passionate about helping startups scale their impact, and especially empowering female co-founders and angel investors.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Financial Services
  • Stage:Pre-Seed, Angel
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 7
  • Round size: Pre-Seed $647k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ownersroom — Handle your investor network like a professional, providing a single entry point to all the information they need!
  • SafetyWing — Health and insurance products for remote companies and remote workers worldwide, as a replacement for national welfare systems.
  • Savvie — Savvie is your sales forecasting tool, waste tracking tool, sold-out tracker, ordering solution, product manager and analytics dashboard all in one intuitive app. We help you reduce food waste while maximizing sales with our one-click solution for store management.
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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 4 investments in Norway 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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Christian Rokseth
Angel · Stavanger, Rogaland, Norway · 4 investments in Norway startups

Christian Rokseth is dedicated and focused towards developing new and innovative communication solutions for enterprises. Since Christian Rokseth is started my career in 1999 Christian Rokseth have managed a series of advanced projects within the IT and Telecom industry. These projects have brought me significant knowledge about all the requiredsteps and processes involved in order to bring state of the art electronics and software products to the market. In 2014 Christian Rokseth is managed the development and market introduction of the world's first intrinsically safe smartphone. The product was developed from scratch by a team of 8 engineers. Likely the smallest team ever to develop a smartphone.

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Investment focus

  • Industry: Electronics, CRM, Security
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Round size: Seed $1.2M–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Auk — Auk creates a fully-automatic system that makes it easier to grow vegetables, salads and herbs at your own kitchen
  • Globus.ai — Cover up to 40% more shifts, every day, with our self-learning, AI-based, workforce management software. Book your free trial today.
  • Intoto — Intoto is a Company from Norway providing real-time data from rivers and streams.
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Chris Murphy
Angel · Stockholm, Stockholms Lan, Sweden · 4 investments in Norway startups, 8 in the past 12 months

Chris Murphy is a Venture Partner at MS&AD Ventures. He previously worked at SaaStock and attended Dublin City University.

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Investment focus

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

Investor stats

  • Total investments: 46
  • Round size: Seed $1.8M–$16M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Equipme — Gear up your teams to do their best work with Equipme. Simplify asset and cost management, and partner with best-in-class service providers for seamless service delivery.
  • Ivy — We are building a global API for instant bank payments
  • Twirl — Twirl is a platform for data teams that want to ship value rather than tooling. It enables the deployment of data pipelines from the start and manages all infrastructure and scaling. Twirl is a code-first company that combines analytics, machine learning, and everything in between.
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Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway 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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Bring Ventures
VC Fund · 4 investments in Norway startups

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

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Investment focus

  • Industry: E-Commerce, B2B, Information Technology
  • Stage:Seed, Series A
  • Geography: Sweden, Norway, United Kingdom

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Tise — Tise is a social, mobile marketplace for second-hand fashion and interiors. Download the app here.
  • Kavall — Kavall is a grocery delivery startup.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
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Founders Fund
VC Fund · San Francisco, California, United States · 4 investments in Norway startups, 41 in the past 12 months

Founders Fund is a San Francisco based venture capital firm investing in companies building revolutionary technologies.

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Investment focus

  • Industry: Software, Health Care, Internet
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 598
  • Round size: Seed $1.2M–$9.5M; Series A $4M–$40M; Series B $11M–$75M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Layer N — Layer N is a layer 2 network designed to hyper-scale financial applications on Ethereum.
  • Roam — Roam is the platform for affordable home ownership. Roam helps homebuyers purchase their next home with a low-interest rate mortgage included.
  • Regent — We build all-electric, passenger-carrying, wing-in-ground-effect vehicles to service coastal routes with technology available today.
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Concentric
VC Fund · London, England, United Kingdom · 4 investments in Norway startups

We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter.

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Investment focus

  • Industry: Financial Services, Software, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Norway

Investor stats

  • Total investments: 69
  • Round size: Seed $857k–$4.6M; Series A $1.7M–$13M; Series B $1.2M–$225M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Relai — Relai is a Bitcoin investment app that allows anyone to buy bitcoin within one minutes or set up an automated savings plan.
  • ThingTrax — Realise improved efficiency, quality control, employee safety and productivity by modernising your factories with ThingTrax's AI and IoT
  • Superscript — Specialist insurance advice for digital businesses and emerging risk. Get business insurance that's as cutting edge as you are. Book a call.
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The Nordic Web Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Norway startups

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

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 20
  • Round size: Seed $250k–$1.5M; Angel $300k–$360k; Pre-Seed $250k–$1.1M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.5M in 2019

Portfolio highlights

  • Steep — The modern analytics platform powered by metrics.
  • All Gravy — Butter gives you happier employees, by reducing their financial stress and giving them an understanding of their salary and financial situation
  • Platypus — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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Sean Percival
Angel · 4 investments in Norway startups

Sean Percival is the Chief Marketing Officer of Iterate Norway.

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Investment focus

  • Industry: Software, E-Commerce, Manufacturing
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: United States, Norway, Estonia

Investor stats

  • Total investments: 17
  • Round size: Seed $10k–$4.2M; Pre-Seed $586k–$600k; Equity Crowdfunding $404k–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tjommi — B2C app helping customers get money back from price drops
  • Vembla — Vembla offers a vast grocery selection 1500 to 20,000 products - from your local stores or our own warehouses. Get it delivered same day or in minutes.
  • Lendwill — There is a healthier way to build relationships with money.
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Aleksander Leonard Larsen
Angel · 4 investments in Norway startups

Aleksander Leonard Larsen is the Co-Founder and COO at Sky Mavis.

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Investment focus

  • Industry: Gaming, Digital Entertainment, Video Games
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Norway, Singapore, Brazil

Investor stats

  • Total investments: 16
  • Round size: Seed $1.6M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Presail — The platform behind Web 3.0's best investment groups. Manage everything in one place: fundraising, investor management, and token vesting.
  • Mocaverse — Mocaverse is the Animoca Brands membership NFT collection of 8,888 unique beings: The Mocas. Join the Mocas in the realms to Learn, Play, Do Good, and Build together as we champion our Web3 values!
  • Horizon Blockchain Games — We make web3 easy, fun, and accessible for users and builders.
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Kistefos Venture Capital
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway startups

Kistefos focus on investing between NOK 10m and NOK +100m in each company, aiming at obtaining a significant ownership stake. Kistefos is opportunistic with regards to sectors, company sizes, life-cycle stages and geographies. Kistefos’ investment strategy selectively seeks out a diverse range of proprietary transactions in companies of varioussizes, including build-ups, growth capital, rescue financings and buyouts.Kistefos is an active partner to the management teams and founders, providing considerable internal resources to ensure the long-term value creation through identification of the key value drivers. Furthermore, we operate under a flexible investment mandate, giving us the opportunity to optimally support our portfolio companies throughout our ownership period.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: Norway, Singapore, Sweden

Investor stats

  • Total investments: 17
  • Round size: Seed $700k–$1.5M
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Surer — Surer is a cloud-based insurtech platform with a digital ecosystem of intermediaries and insurers. It provides tech solutions to help orchestrate the network in the insurance industry enabling insurance intermediaries to close deals with greater speed and allows insurers to distribute their product with better efficiency.
  • Workclass — Apply for any jobs and get hired in 24 hours now!
  • bluesheets — Build a solid data foundation with Bluesheets, the all-in-one tool that connects, categorises and automates your finanical data. Set up once, automate forever.
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Verdane
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway startups, 11 in the past 12 months

The preferred growth partner to tech-enabled businesses in Northern Europe.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 116
  • Round size: Series A $4.4M–$28M; Private Equity $10M–$100M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Blinto — Blinto offers an online auction platform that offers both sellers and buyers the opportunity to meet via a complete online auction service. The products primarily auctioned on its websites are construction machines, commercial vehicles, and tools.
  • Verified — Verified specializes in providing services for electronic signing, identification, anti-money laundering and API integration solutions.
  • Ingrid — Ingrid was founded with a mission to create delivery experiences that fit people's lives by letting e-commerce businesses deliver sustainable growth and giving shoppers the power to personalize delivery and returns. The result is a better overall customer experience and greater efficiency for both the retailer and the delivery carrier.
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Weekend Fund
VC Fund · San Francisco, California, United States · 3 investments in Norway startups, 6 in the past 12 months

Weekend Fund is a venture capital and angel investing firm focused on making early-stage investments. The firm invests across geographies and industries with a particular interest in audio and voice products, tools for distributed teams and remote workers, and low-code/no-code projects. It was established in 2017 and is headquartered in SanFrancisco, California, United States.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 42
  • Round size: Seed $1.2M–$5M; Pre-Seed $1.4M–$1.6M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2019

Portfolio highlights

  • Classet — Classet is the easiest and quickest way to learn a skilled trade and level up your career. Join the Classet community to find the perfect career for you.
  • Modelbit — Modelbit is the fastest way for data scientists to deploy ML models. Deploy models from Jupyter notebooks with one line of code.
  • Flyby Robotics — Flyby Robotics is a developer and operator of autonomous drone delivery systems. the fleet of lightweight unmanned aerial vehicles that easily integrate with merchant's native order systems
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Avlok Kohli
Angel · San Francisco, California, United States · 3 investments in Norway startups, 6 in the past 12 months

Avlok Kohli is the CEO at AngelList and Founder and CEO of LegalReach. He was the former Founder and CEO at Fairy.Avlok Kohli was the creator and founder of Fastbite, a lightening fast food delivery service. Because of Mr. Kohli’s leadership and Fastbite’s incredible value to customers, Square (led by Jack Dorsey, Founder / CEO of Twitter)acquired Fastbite a few months after launch and has since integrated it into Square's own delivery product as "Fastbite by Caviar"Avlok Kohli also plays an active role in other rapidly growing technology companies as an angel investor, advisor and founder.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Canada, Norway

Investor stats

  • Total investments: 13
  • Round size: Seed $1.6M–$1.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 0pass — High security organizations trust 0pass for passwordless authentication. Move infrastructure & apps to phishing-resistant MFA with YubiKeys and biometrics.
  • Ocho — Ocho is everything you need to build wealth as a business owner.
  • Salsa — We sell Payroll infrastructure to SaaS businesses that want to embed multi-country Payroll in their products, through APIs and UI components.
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Bitmain
VC Fund · Beijing, Beijing, China · 3 investments in Norway startups

Bitmain is a manufacturer of Bitcoin mining hardware and other related services.Bitmain was founded by several of the digital currency industry’s earliest players, and their team is comprised of passionate and pedigreed engineers, financial experts, and Bitcoin enthusiasts.Bitmain is headquartered in Beijing and has offices in San Francisco,Tel Aviv, Hong Kong, Chengdu and Shenzhen.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Series A, Seed
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 41
  • Round size: Seed $480k–$3.5M; Series A $1.5M–$15M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Ava Labs — AVA Labs makes it simple to launch finance applications using blockchain technology–with highly scalable and efficient networks, customizable public and private blockchains, the capability to create any digital asset, and more. We are empowering people to build an open, simple, and democratic internet of finance.
  • Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
  • Zhongke Microelectronics Technology — Zhongke Microelectronics is an integrated circuit design developer, integrating R&D, production, sales, and service. Its business covers industrial control and consumer products with RISC architecture series mask single-chip microcomputers, computer mobile Internet and peripherals, automotive electronics, high-performance Analog-digital hybridintegrated circuits and other fields.
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Tharald Nustad
Angel · Oslo, Oslo, Norway · 3 investments in Norway startups

Tharald Nustad is the Founder and Owner of Nordic Impact, Founder and Owner of Katapult, and Co-Founder of Katapult Ocean. He is a former Chairman of the Board of Mallin AS. He attended Pacific Lutheran University.

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Investment focus

  • Industry: Farming, Information Technology, Communities
  • Stage:Seed, Convertible Note
  • Geography: Ghana, Kenya, Norway

Investor stats

  • Total investments: 15
  • Round size: Seed $200k–$629k
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • TikkTalk - powered by Skiwo — TikkTalk is an online marketplace for connecting businesses and consumers for interpretation services. TikkTalk is an open digital solution for managing interpretation services and holding video or phone meetings in a browser on any device. Anyone with interpretation skills can sign up, validate their skills by uploading certifications, and getaccess to interpretation jobs worldwide. Government organisations and businesses can get direct access to a global pool of interpreters, sorted by language, certification levels and ratings.
  • ArcticStartup — ArcticStartup is helping to build communities with uncapped opportunities through media, events, PR and consulting since 2007.Launched in 2007 by Antti Vilpponen and Miikka Kukkosuo as founding writers and getting out two-three articles a week, ArcticStartup quickly started gaining traction. In 2008 Ville Vesterinen and Karri Saarinen joinedthe founding team and ArcticStartup launched its own that were at first held in a small bar of Dubrovnik in Helsinki. Both the media and events started going international in 2009, expanding to the neighbouring Nordics & Baltics. This growth continued until 2012, when the company nearly shut-down as the founders wanted to move-on to other projects. At that point Dmitri Sarle and Greg Anderson took over the company and re-founded ArcticStartup with Jan Ameri joining very shortly.
  • Differ — Student life can be boring and challenging without friends. Differ help you connect with other students and help start those first awkward conversations
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Hadean Ventures
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway startups

Hadean Ventures is a life science fund manager that invests in life science companies across europe with a particular focus on the nordic region. The funds are backed by leading private and institutional investors. Hadean Ventures has offices in oslo and stockholm and collaborates with world-class academic institutions and start-up hubs across theregion

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series A, Series B
  • Geography: Sweden, Norway, Austria

Investor stats

  • Total investments: 19
  • Round size: Series A $3.7M–$42M; Series B $32M–$69M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Ribbon Biolabs — Ribbon Biolabs revolutionary technology for the fast and efficient automated synthesis of DNA is here to enable the new wave of biotechnological innovation.
  • Alex Therapeutics — The Alex DTx Platform enables partners within pharma and health care to effectively and reliably launch new DTx treatments by leveraging existing insights, modules, processes and data.
  • TargED Biopharmaceuticals — TargED Biopharmaceuticals is a biotechnology company that develops first-in-class biological drugs to improve treatment of thrombosis.TargED stands for Targeted Enzyme Delivery. Their biological drugs are unique by using small antibodies (“VhH”) to deliver enzymes to sites of thrombosis, enabling ‘targeted’ thrombolysis.
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Schibsted
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway startups

A global family of digital consumer brands leading the way across media, online marketplaces and technology ventures.

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Investment focus

  • Industry: Apps, Financial Services, Information Technology
  • Stage:Series A, Seed
  • Geography: Sweden, Norway, Brazil

Investor stats

  • Total investments: 20
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Savr — Savr is an Investment platform disrupting the Swedish fund industry with a lower fee structure and a new business model.
  • Woilà — ACQUIRED BY KLARNA IN OCTOBER 2020.Woilà was founded in 2017 to reinvent the shopping experience post-purchase, and raised €4M through 2018-2020. By identifying price drops, price guarantees and vouchers, Woilà helped consumers get money back if an item bought online dropped in price after the purchase had already been made. Woilà processed $50Mworth of transactions during 2020 and now the technology will be leveraged by Klarna to further strengthen its value proposition to consumers.
  • Insurello — Insurello provides a digital solution that helps customers find insurance payments. Insurello intermediates on behalf of its clients the communication and the processes of insurance companies in exchange for 25 percent of any insurance benefit.
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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 3 investments in Norway 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: 34
  • 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

  • Zeabuz — Zeabuz develop small electric urban vessels and waterborne autonomy
  • 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.
  • vialytics — vialytics is a system solution for the road maintenance management of municipalities. Their integrated road monitoring system enables municipal administrations collecting data of their roads and monitoring the results. Predictive Features enrich the user experience by data matching background processes.
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Draper B1
VC Fund · Valencia, Comunidad Valenciana, Spain · 3 investments in Norway startups, 11 in the past 12 months

Our mission is to help entrepreneurs who are innovating and transforming the way we live and work.

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Investment focus

  • Industry: Software, Internet, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Spain, United States, Italy

Investor stats

  • Total investments: 82
  • Round size: Seed $80k–$1.1M; Pre-Seed $80k–$1.2M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • NEWE — NEWE is a B2B technological and operations solution provider to bring together the circular economy.
  • Enthec Solutions — Enthec Solutions offers products on security monitoring, DevSecOps, and cloud.
  • Alef Aeronautics — Armada operates in a stealth mode
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Investor funding in Norway at a glance

Stats across 877 deals from 769 investors.

769
investors
in Norway startups
877
deals
in Norway startups
$2M
median round
in Norway startups
36%
lead investors
lead at least one round
26%
Seed
most common funding stage
79/21
VC / Angel
share of investor count

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