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Top 10 Oil and Gas VC (Venture Capital) Funds in Norway in October 2023

A list of 10 VC (Venture Capital) funds that invest in Oil and gas startups based in Norway. We rank investors based on the number of investments they made in Oil and gas companies from Norway. We update this investor list every month.

Top 10 Oil and Gas VC (Venture Capital) Funds in Norway in October 2023

Investor Oil and Gas Norway investments
ProVenture 7
Investinor 3
Saudi Aramco Energy Ventures 2
SINTEF Venture AS 2
Energy Technology Ventures 1
Link Venture Capital 1
Michiko 1
Chevron Technology Ventures 1
Shell Ventures 1
Penny Venture 1

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Investor list
ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investment in the past 12 months

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

  • Oil and Gas, Software, Information Technology
  • Seed, Funding Round, Series A
  • Norway, United States, India

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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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investment in the past 12 months

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

  • Software, Biotechnology, Manufacturing
  • Funding Round, Seed, Series A
  • Norway, United States, Switzerland

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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Saudi Aramco Energy Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 4 investments in the past 12 months

Saudi Aramco Energy Ventures is the corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia),SAEV also operates through regional offices in North America and Europe. SAEV's Objectives are: - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi ArabiaSAEV's investment Focus Areas are: - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand

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Investment focus

  • Energy, Oil and Gas, Software
  • Funding Round, Series C, Series B
  • United States, United Kingdom, Norway

Portfolio highlights

  • Redex — recs - singapore renewable energy - renewable energy certificates - renewable energy singapore - re100 - eac - buy recs - sell recs -
  • Grand perspective — Grandperspective scanfeld is the first remote sensing solution for automated early-warning gas leak detection in chemical plants.
  • Syzygy Plasmonics — Illuminating Chemical Engineering. Where everyday chemicals like hydrogen are made from light instead of heat - it's called photocatalysis.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investment in the past 12 months

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

  • Manufacturing, Software, Energy
  • Seed, Funding Round, Pre-Seed
  • Norway, United States, United Kingdom

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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Energy Technology Ventures
VC Fund · New York, New York, United States

Founded in January 2011, Energy Technology Ventures is a joint venture involving General Electric, NRG Energy, and ConocoPhillips. The fund is focused on the development of next-generation energy technologies. The JV invests in, and offers commercial collaboration opportunities to, venture- and growth-stage energy technology companies in therenewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel. With their wide range of deep technical and financial expertise, relationships, services and products, the three companies behind Energy Technology Ventures intend to help start-ups develop next-generation energy technology.The joint venture brings together three market-leading companies with complementary capabilities and significant strategic interests in the development of next-generation energy technology. This is the first corporate venture investment program by both NRG Energy, owner and operator of one of the country's largest and most diverse power generation portfolios, and ConocoPhillips, the third-largest US integrated energy company. GE Capital, through its business units GE Energy Financial Services and GE Capital, Equity, is already among the world's most active energy technology venture and growth capital investors.

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Investment focus

  • Energy, Oil and Gas, Hardware
  • Series C, Funding Round, Series A
  • United States, United Kingdom, Israel

Portfolio highlights

  • BiSN — BiSN is a producer of metal-to-metal downhole sealing solutions for the oil and gas industries. BiSN develops a revolutionary chemical reaction heater that brings the technology into the 21st century and opens the door to a range of applications previously thought impossible.
  • 1366 Technologies — 1366 Technologies is a manufacturer of silicon wafers used to deliver solar modules. The company's silicon wafers leverage existing billion-dollar cell and module investments, enabling businesses to get a long-term, differentiated product roadmap. It was founded in 2008 and is headquartered in Bedford, Massachusetts.
  • Cool Planet — Cool Planet is a technology company that develops sustainable products to address energy, food, and water. It commercializes a groundbreaking technology that produces engineered biocarbon and renewable, carbon-negative fuel from biomass. It was founded in 2009 and in headquartered Colorado, Mexico.
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Michiko
VC Fund

Michiko is a family holding company of Dag Lilletvedt

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Investment focus

  • Fuel, Energy, Shipping
  • Pre-Seed
  • Norway

Portfolio highlights

  • Powerzeek — Powerzeek is a platform company making it easy for the transport sector to find, buy and use cleaner fuels. The company's market is the $150 billion+ maritime fuel and $1 trillion+ land based fuel sector. Powerzeek´s customers are shipping companies and trucking companies buying fuel for their ships and trucks respectively, andoil/gas/energy companies selling fuel. The company meets several of UN´s SDG goals, is generating revenue today, and has many of the world's largest suppliers of LNG and methanol amongst its community members.
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Chevron Technology Ventures
VC Fund · Houston, Texas, United States · 11 investments in the past 12 months

Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.

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Investment focus

  • Energy, Software, Oil and Gas
  • Series B, Funding Round, Series A
  • United States, Canada, United Kingdom

Portfolio highlights

  • APERIO — APERIO validates operational data at scale to improve data accuracy, security, and value, allowing for smarter decisions based on real-time, superior data.
  • Immaterial — Immaterial is a manufacture super-adsorbent nanomaterials which can dramatically reduce the cost of separating, storing, and transporting gas.
  • Sapphire Technologies — Sapphire Technologies develops, manufactures, and sells energy recovery systems for both natural gas and hydrogen industrial and commercial applications.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 9 investments in the past 12 months

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

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Investment focus

  • Energy, Renewable Energy, Software
  • Series A, Funding Round, Series B
  • United States, United Kingdom, Norway

Portfolio highlights

  • Verdagy — Verdagy is driving down the investment and energy needed to generate hydrogen for industry using electrolysis. We engineer and manufacture innovative electrolyzers that scale to gigawatt production facilities.
  • Avnos — Our HDAC solution offers the broadest geographic potential available, enabling our technology to operate in water-scarce environments.
  • Kraftblock — Kraftblock is a high-efficiency, high-temperature heat storage system designed to decarbonize power generation and industrial processes.
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Penny Venture
VC Fund

Penny Venture is a venture company investing in high growth, entrepreneurial led start-ups

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Investment focus

  • B2B, Fuel, Energy
  • Pre-Seed
  • Norway

Portfolio highlights

  • Vignita — Vignita offers a social learning platform for skilled workers. The Norwegian startup gathers all forms of training into one platform, connecting companies with experts and technology so that they can effectively collaborate to train professionals.
  • Powerzeek — Powerzeek is a platform company making it easy for the transport sector to find, buy and use cleaner fuels. The company's market is the $150 billion+ maritime fuel and $1 trillion+ land based fuel sector. Powerzeek´s customers are shipping companies and trucking companies buying fuel for their ships and trucks respectively, andoil/gas/energy companies selling fuel. The company meets several of UN´s SDG goals, is generating revenue today, and has many of the world's largest suppliers of LNG and methanol amongst its community members.
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