# Top 40 Manufacturing VC (Venture Capital) Funds in Norway in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Investinor | 6 | Norway, United States, Switzerland | Seed, Series A | Software, Biotechnology, Manufacturing |
| SINTEF Venture AS | 4 | Norway, United States, United Kingdom | Seed, Pre-Seed | Manufacturing, Software, Energy |
| ProVenture | 3 | Norway, United States, India | Seed, Series A | Oil and Gas, Software, Information Technology |
| Momentum | 2 | Norway, Finland | Seed | Manufacturing, AgTech, Consumer |
| Valinor AS | 2 | Norway, United Kingdom | Seed, Series A | Renewable Energy, Robotics, SaaS |
| Butterfly Ventures | 2 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| Dawn Capital | 2 | United Kingdom, United States, Israel | Series A, Series B, Series C | Software, SaaS, Information Technology |
| Bakken & Baeck | 2 | Norway | Seed, Angel | Chemical, Software, Life Science |
| Alliance | 2 | Norway, United States, Sweden | Seed, Series A | Software, Information Technology, Analytics |
| Antler | 2 | Singapore, United Kingdom, Australia | Pre-Seed, Seed, Series A | Software, Information Technology, SaaS |
| TRUMPF Venture | 2 | Germany, Switzerland, United States | Series A, Series B | Manufacturing, Software, Artificial Intelligence |
| CoFounder | 2 | Norway | Seed, Series A | Manufacturing, Industrial, SaaS |
| AVG Group | 1 | Norway | Seed | Electronics, Manufacturing, Semiconductor |
| SEB Pension Fund | 1 | Norway |  | Printing, Logistics, E-Commerce |
| Shell Ventures | 1 | United States, United Kingdom, Norway | Series A, Series B | Energy, Renewable Energy, Software |
| Global Ship Lease | 1 | Norway |  | Energy, Industrial, Renewable Energy |
| Skagerak Energi | 1 | Norway | Seed | Energy, Battery, Electronics |
| BioInnovation Institute | 1 | Denmark, Germany, Switzerland | Convertible Note, Debt Financing, Pre-Seed | Biotechnology, Medical, Health Care |
| Export Development Canada | 1 | Canada, United States, India | Series B, Series A | Software, Renewable Energy, Manufacturing |
| Grieg Kapital | 1 | Norway | Seed | Robotics, Manufacturing, Semiconductor |
| Chevron Technology Ventures | 1 | United States, Canada, United Kingdom | Series B, Series A | Energy, Software, Oil and Gas |
| Nordic Impact | 1 | Norway | Seed | Chemical, Life Science, Visual Search |
| Voima Ventures | 1 | Finland, Norway, Sweden | Seed, Pre-Seed | Biotechnology, Health Care, Software |
| The Index Project | 1 | United States, Denmark, Chile | Seed, Series A, Series B | Artificial Intelligence, Chemical, SaaS |
| ConocoPhillips Technology Ventures | 1 | Norway, United States |  | Oil and Gas, Manufacturing, Automotive |
| Viking Venture | 1 | Norway, United States, United Kingdom | Series A, Series B | Oil and Gas, Software, Energy |
| Industrifonden | 1 | Sweden, United States, Denmark | Series A, Seed | Software, Biotechnology, Information Technology |
| The Nordic Web Ventures | 1 | Denmark, Norway, Sweden | Pre-Seed, Seed, Angel | Software, SaaS, Information Technology |
| Energy Technology Ventures | 1 | United States, United Kingdom, Israel | Series C, Series A | Energy, Oil and Gas, Hardware |
| Azolla Ventures | 1 | United States, Norway | Seed, Pre-Seed, Series A | Environmental Engineering, Forestry, CleanTech |
| Golar LNG Partners | 1 | Norway |  | Energy, Industrial, Renewable Energy |
| Sandwater | 1 | Norway | Seed, Series A | AgTech, Energy, Battery |
| New Age Ventures | 1 | United States, Israel, Norway | Seed, Pre-Seed, Series A | Health Care, Medical, Medical Device |
| Standard Lithium | 1 | Norway |  | Energy, Industrial, Renewable Energy |
| Capricorn Partners | 1 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Nysnø | 1 | Norway | Series A, Series B | Renewable Energy, Energy Efficiency, Manufacturing |
| Green Campus Innovations Oy | 1 | Finland | Seed | Energy, Battery, Biotechnology |
| MKS PAMP | 1 | Norway |  | Energy, Industrial, Renewable Energy |
| Gaztransport & Technigaz | 1 | Norway |  | Manufacturing, Nanotechnology, Test and Measurement |
| Wiski Capital | 1 | Norway | Seed | Software, AgTech, Energy |

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