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Top 10 Oil and Gas VC Funds & Investors in Norway (May 2026)

The most active venture capital funds investing in Norway Oil and Gas startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Oil and Gas startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
ProVenture
VC Fund
7 Norway, United States, India Seed, Series A Oil and Gas, Software, Information Technology $744k–$6.4M
Investinor
VC Fund
3 Norway, United States, Switzerland Seed, Series A Software, Biotechnology, Manufacturing $160k–$13M
Saudi Aramco Energy Ventures
VC Fund
2 United States, United Kingdom, Norway Series C, Series B Energy, Oil and Gas, Software $4M–$100M
SINTEF Venture AS
VC Fund
2 Norway, United States, United Kingdom Seed, Pre-Seed Manufacturing, Software, Energy $160k–$4.9M
Shell Ventures
VC Fund
1 United States, United Kingdom, Norway Series A, Series B Energy, Renewable Energy, Software $2.4M–$126M
Michiko
VC Fund
1 Norway Pre-Seed Fuel, Energy, Shipping
Penny Venture
VC Fund
1 Norway Pre-Seed B2B, Fuel, Energy $400k–$707k
Energy Technology Ventures
VC Fund
1 United States, United Kingdom, Israel Series C, Series A Energy, Oil and Gas, Hardware $14M–$25M
Link Venture Capital
VC Fund
1 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Information Technology, Renewable Energy $400k–$4.3M
Chevron Technology Ventures
VC Fund
1 United States, Canada, United Kingdom Series B, Series A Energy, Software, Oil and Gas $3M–$24M
Access all 28 VC funds in Norway Oil and Gas startups.

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Investor list

ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 7 investments in Norway Oil and Gas 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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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 investments in Norway Oil and Gas 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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Saudi Aramco Energy Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 2 investments in Norway Oil and Gas startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Redex — recs - singapore renewable energy - renewable energy certificates - renewable energy singapore - re100 - eac - buy recs - sell recs -
  • Grand perspective — Grandperspective scanfeld is the first remote sensing solution for automated early-warning gas leak detection in chemical plants.
  • Syzygy Plasmonics — Illuminating Chemical Engineering. Where everyday chemicals like hydrogen are made from light instead of heat - it's called photocatalysis.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Oil and Gas 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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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 1 investments in Norway Oil and Gas startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B
  • Geography: United States, United Kingdom, Norway

Investor stats

  • Total investments: 123
  • Round size: Series A $6.4M–$26M; Series B $2.4M–$126M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Verdagy — Verdagy is driving down the investment and energy needed to generate hydrogen for industry using electrolysis. We engineer and manufacture innovative electrolyzers that scale to gigawatt production facilities.
  • Avnos — Our HDAC solution offers the broadest geographic potential available, enabling our technology to operate in water-scarce environments.
  • Kraftblock — Kraftblock is a high-efficiency, high-temperature heat storage system designed to decarbonize power generation and industrial processes.
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Michiko
VC Fund · 1 investments in Norway Oil and Gas startups

Michiko is a family holding company of Dag Lilletvedt

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Investment focus

  • Industry: Fuel, Energy, Shipping
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

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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Penny Venture
VC Fund · 1 investments in Norway Oil and Gas startups

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

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Investment focus

  • Industry: B2B, Fuel, Energy
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $400k–$707k
  • Lead/follow: 0% lead, 100% follow

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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Energy Technology Ventures
VC Fund · New York, New York, United States · 1 investments in Norway Oil and Gas startups

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

  • Industry: Energy, Oil and Gas, Hardware
  • Stage:Series C, Series A
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 12
  • Round size: Series C $14M–$25M
  • Lead/follow: 17% lead, 83% follow

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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Chevron Technology Ventures
VC Fund · Houston, Texas, United States · 1 investments in Norway Oil and Gas startups, 11 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 126
  • Round size: Series A $3M–$14M; Series B $5.6M–$24M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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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Oil and Gas VC funding in Norway at a glance

Stats across 38 deals from 28 investors.

28
investors
in Norway Oil and Gas startups
38
deals
in Norway Oil and Gas startups
$2.6M
median round
in Norway Oil and Gas startups
46%
lead investors
lead at least one round
13%
Seed
most common funding stage

Access all 28 VC funds in Norway Oil and Gas startups.

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