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Top 30 Renewable Energy VC Funds & Investors in Norway (May 2026)

The most active venture capital funds investing in Norway Renewable Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Renewable Energy startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Speedinvest
VC Fund
4 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $396k–$50M
Voyagers
VC Fund
3 United Kingdom, Norway, Sweden Seed, Pre-Seed, Convertible Note B2B, Biotechnology, Machinery Manufacturing $1.5M–$5M
Singularity
VC Fund
2 Norway Pre-Seed, Convertible Note SaaS, Software, CleanTech
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Renewable Energy, Robotics, SaaS $1.8M–$2.3M
Antler
VC Fund
2 Singapore, United Kingdom, Australia Pre-Seed, Seed, Series A Software, Information Technology, SaaS $100k–$29M
Statkraft Ventures
VC Fund
2 Germany, France, Norway Series A, Series B Software, Big Data, Information Technology $3.2M–$19M
Momentum
VC Fund
2 Norway, Finland Seed Manufacturing, AgTech, Consumer $2.7M–$3M
ProVenture
VC Fund
2 Norway, United States, India Seed, Series A Oil and Gas, Software, Information Technology $744k–$6.4M
SINTEF Venture AS
VC Fund
2 Norway, United States, United Kingdom Seed, Pre-Seed Manufacturing, Software, Energy $160k–$4.9M
Link Venture Capital
VC Fund
2 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Information Technology, Renewable Energy $400k–$4.3M
Hillhouse Ventures
VC Fund
1 China Seed Medical, Health Care, Pharmaceutical
Wiski Capital
VC Fund
1 Norway Seed Software, AgTech, Energy $1.1M–$7.5M
MKS PAMP
VC Fund
1 Norway Energy, Industrial, Renewable Energy
Nysnø
VC Fund
1 Norway Series A, Series B Renewable Energy, Energy Efficiency, Manufacturing $5.4M–$43M
New Age Ventures
VC Fund
1 United States, Israel, Norway Seed, Pre-Seed, Series A Health Care, Medical, Medical Device $50k–$2.2M
Export Development Canada
VC Fund
1 Canada, United States, India Series B, Series A Software, Renewable Energy, Manufacturing $4M–$20M
Global Ship Lease
VC Fund
1 Norway Energy, Industrial, Renewable Energy
All Iron Ventures
VC Fund
1 Spain, United States, United Kingdom Series A, Seed, Series B Software, E-Commerce, Internet $1.1M–$54M
547 Energy
VC Fund
1 Norway, Ireland Seed, Private Equity Renewable Energy, Solar, Energy
Standard Lithium
VC Fund
1 Norway Energy, Industrial, Renewable Energy
AVG Group
VC Fund
1 Norway Seed Electronics, Manufacturing, Semiconductor
ETF Partners
VC Fund
1 United Kingdom, France, Norway Series B, Series A Software, Renewable Energy, Information Technology $5.4M–$13M
OBOS Forsikring
VC Fund
1 Norway Seed, Series A Real Estate, Information Technology, Solar
We Are Human
VC Fund
1 Norway Seed, Angel, Convertible Note SaaS, Mobile, Software
Azolla Ventures
VC Fund
1 United States, Norway Seed, Pre-Seed, Series A Environmental Engineering, Forestry, CleanTech
Shell Ventures
VC Fund
1 United States, United Kingdom, Norway Series A, Series B Energy, Renewable Energy, Software $2.4M–$126M
EV Private Equity
VC Fund
1 United States, United Kingdom, Norway Pre-Seed, Series A Oil and Gas, Energy, Software $450k–$8M
Unpopular Ventures
VC Fund
1 United States, Mexico, Colombia Seed, Pre-Seed, Series A Software, FinTech, Financial Services $370k–$30M
Akershus Energi
VC Fund
1 Norway Solar, Energy, CleanTech
Golar LNG Partners
VC Fund
1 Norway Energy, Industrial, Renewable Energy
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Investor list

Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway Renewable Energy 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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Voyagers
VC Fund · 3 investments in Norway Renewable Energy startups, 6 in the past 12 months

VOYAGERS organises by-invitation adventures designed to build close connections between exceptional people, with the goal of accelerating positive impact. Relationships deepen through our regular video calls, group chats and in-person dinner salons.

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Investment focus

  • Industry: B2B, Biotechnology, Machinery Manufacturing
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United Kingdom, Norway, Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $1.5M–$1.9M; Convertible Note $3.5M–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Farmless — A farmless fermentation platform has the potential to create an entirely new food repertoire, producing proteins, carbohydrates, beneficial fats, vitamins, and minerals from the ground up," explained Oner. "We are creating a new interface between food and electricity by domesticating microbes chosen for their food properties and abilityto grow on renewable energy-based feedstocks.
  • Glowb — Looking for trusted solar panel installers and solar battery installers in Central England? We can help homeowners transition to solar energy.
  • Cardino — Cardino - Verkaufen Sie Ihr E-Auto digital zum besten Preis. Entdecken Sie die einfache und bequeme Art, Ihr Elektroauto online zu verkaufen.
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Singularity
VC Fund · 2 investments in Norway Renewable Energy startups

Luxembourg-based family office

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Investment focus

  • Industry: SaaS, Software, CleanTech
  • Stage:Pre-Seed, Convertible Note
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Skyfri — Skyfri, established in 2017, provides owners of renewable energy plants sophisticated software to increase revenues and reduce down-time in production. Its platform is built to automate operations, maintenance and asset management. The company is backed by leading investors, and has a strong management with experience from building and listingrenewable energy and technology companies. The team is also one of the most experienced within IPP, O&M and asset management, having earlier overseen more than 3GW across Europe, Asia and North America.
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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Renewable Energy 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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Antler
VC Fund · Singapore, Central Region, Singapore · 2 investments in Norway Renewable Energy 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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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 2 investments in Norway Renewable Energy 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: 36
  • 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

  • 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.
  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
  • Efficient Energy Technology — Photovoltaik mit Speicher zum Einstecken in der Steckdose - Mit deinem Balkonkraftwerk von EET produzierst du eigenen Sonnenstrom.
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Momentum
VC Fund · Bergen, Hordaland, Norway · 2 investments in Norway Renewable Energy 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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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Renewable Energy 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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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Renewable Energy 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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Access 48,091 investors

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

Browse database — It's Free!
Hillhouse Ventures
VC Fund · 1 investments in Norway Renewable Energy startups, 7 in the past 12 months

Hillhouse Venture Capital is an investment institution established by Hillhouse Capital that focuses on investing in early-stage startups.

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Investment focus

  • Industry: Medical, Health Care, Pharmaceutical
  • Stage:Seed
  • Geography: China

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Tachem — Tachem is a biotechnology company that specializes in the research, development, production, and distribution of products from the protected amino acid series.
  • ROTOBOOST — ROTOBOOST is a hydrogen energy firm focused on large-scale, low-cost hydrogen generation. The company uses methane catalytic pyrolysis technology, which can directly manufacture green hydrogen and carbon products with high economic value from natural gas and biomass biogas. It is envisaged that in the future, low-cost green hydrogen production willbe realized, accelerating the large-scale deployment of hydrogen energy.
  • Milestone — Milestone offers cell and gene therapy-related services.
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Wiski Capital
VC Fund · 1 investments in Norway Renewable Energy 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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MKS PAMP
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Renewable Energy startups

MKS PAMP specializes in all aspects of the precious metals industry. It offers a full range of precious metals products for every segment of the market, with particular emphasis on investment, jewelry, and industrial applications. They provide global clients with the comprehensive service solutions available, from mining financing and refining tofabrication, physical and financial trading, as well as transport and storage options.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aqualung Carbon Capture — Aqualung Carbon Capture provides industrial scale carbon capture units to speed up decarbonisation and mitigate carbon emissions.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Renewable Energy startups

Nysnø is a governmental climate investment fund investing in companies that solve climate challenges. The investment fund is set up as a commercial company that invests in technologies that contribute to reducing greenhouse gas emissions. It was established in 2017 in Stavanger, Rogalan by the Norwegian Ministry of Trade and Industry.

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Investment focus

  • Industry: Renewable Energy, Energy Efficiency, Manufacturing
  • Stage:Series A, Series B
  • Geography: Norway

Investor stats

  • Total investments: 9
  • Round size: Series A $6.4M–$14M; Series B $5.4M–$43M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Tise — Tise is a social, mobile marketplace for second-hand fashion and interiors. Download the app here.
  • eSmart Systems — ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.
  • Morrow Batteries — To solve the climate crisis, we need to accelerate the green energy transition. Morrow Batteries are building a giga-scale battery cell factory in the South of Norway. We will develop and industrialize new and innovative battery technology.
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New Age Ventures
VC Fund · New York, New York, United States · 1 investments in Norway Renewable Energy startups

New Age Ventures

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Israel, Norway

Investor stats

  • Total investments: 20
  • Round size: Seed $350k–$2.2M; Pre-Seed $50k–$100k
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Goodhood — FixMyCar is a mobile auto repair platform that offers car repair services to every car owner. FixMyCar provides affordable and trusted rates, convenient service locations, sends in mobile car mechanics to homes, offices, or parking lots, and has flexible hours, thereby enabling customers to book their highly-rated mobile car repair services attheir convenience.
  • FEMSelect — More than half of women over 50 are living with Pelvic Organ Prolapse. Learn about EnPlace, the minimally invasive approach to Pelvic Organ Prolapse.
  • Koios Medical — We put the AI in ultrasound.
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 1 investments in Norway Renewable Energy startups, 18 in the past 12 months

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

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Investment focus

  • Industry: Software, Renewable Energy, Manufacturing
  • Stage:Series B, Series A
  • Geography: Canada, United States, India

Investor stats

  • Total investments: 134
  • Round size: Series A $4M–$15M; Series B $4.4M–$20M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Niricson — Niricson Software has developed a proprietary damage assessment software platform paired with a patent-pending drone-based data collection technology that helps infrastructure owners inspect their structures (e.g. hydro dams) in a way that is more accurate, five times faster, and 50% more cost-effective. Niricson is differentiated by its ability toautomatically detect and quantify not only surface damage, but also subsurface damage.
  • Koios Intelligence — MISSIONKoïos Intelligence is on a mission to Improve the insurance value chain using conversational AI.Our platform Olivo is built for insurance customers with the goal of eliminating waiting time, reducing operational costs and offering an unprecedented customer experience. Based on Natural Language Processing and state-of-the-art ArtificialIntelligence, Olivo is made to answer new customer needs and expectations in today’s digital world.
  • Vive Crop Protection — Vive makes effective and sustainable pesticides for organic and non-organic production. The company was founded in 2006 and is headquartered in Mississauga, Ontario, Canada.
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Global Ship Lease
VC Fund · New York, New York, United States · 1 investments in Norway Renewable Energy startups

The Investor Relations website contains information about Global Ship Lease's business for stockholders, potential investors, and financial analysts.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aqualung Carbon Capture — Aqualung Carbon Capture provides industrial scale carbon capture units to speed up decarbonisation and mitigate carbon emissions.
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All Iron Ventures
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Norway Renewable Energy startups

All Iron Ventures partners up with bold founders promoting innovative startups. We mainly invest in the early stages of European companies that aspire to reshape the future of both consumers and enterprises through technology. We at All Iron Ventures have been and continue to be entrepreneurs. We know what it is to be a founder and empathize withthe challenges our partner founders face. We put our resources and experience creating, scaling and selling companies at their disposal to help them take their projects to the next level. Based in Bilbao, Spain, and with approximately €110Mn under management, All Iron Ventures was promoted by the founders of Ticketbis, a global marketplace sold to eBay in 2016, in what is one of the main success stories in Spain’s startup ecosystem.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Seed, Series B
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 76
  • Round size: Seed $1.1M–$7.1M; Series A $3.2M–$23M; Series B $9.5M–$54M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $30M in 2022

Portfolio highlights

  • APLANET — Aplanet provides the most complete software tools for CSR and sustainability professionals to manage their day-to-day. Their mission is to bring social responsibility to the forefront of business objectives by empowering organizations with the tools to manage, measure, and showcase their impact.
  • Sunhero — Sunhero delivers custom-built solar panel solutions. Sunhero offers consumers a hassle-free method of installing customised photovoltaic solar systems on their homes, be that either purchasing outright or renting for a 20 year period.
  • Granular Energy — Granular Energy provides solutions for managing and trading clean energy. Our tools have been developed to support the recent emergence of 24/7 time-stamped energy certificates as well as traditional "annual" certificates.
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547 Energy
VC Fund · Houston, Texas, United States · 1 investments in Norway Renewable Energy startups

547 Energy invests in & partners with companies in cleantech, renewable power, energy efficiency, grid resilience & the digitalization of the energy sector.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Seed, Private Equity
  • Geography: Norway, Ireland

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Aer Soleir — We are developing best-in-class, large-scale onshore wind, solar, and energy storage projects that will provide material, long-lasting economic benefits to
  • Glint Solar — Enabling developers to identify and analyze the best solar sites
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Standard Lithium
VC Fund · Vancouver, British Columbia, Canada · 1 investments in Norway Renewable Energy startups

Standard Lithium is the next generation of lithium producer. By applying a disciplined strategy and reducing resource, political, permitting and technology risk, and aligning with existing US based brine producing partners, the company is positioning itself to rapidly develop new production. Standard Lithium is focused on unlocking the value ofexisting large-scale US based lithium bearing brine resources that can be brought into production quickly. The company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage; resource, political & geographic, regulatory & permitting, and by leveraging advances in lithium extraction technologies and processes.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aqualung Carbon Capture — Aqualung Carbon Capture provides industrial scale carbon capture units to speed up decarbonisation and mitigate carbon emissions.
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AVG Group
VC Fund · Lenzingerberg, Bayern, Germany · 1 investments in Norway Renewable Energy startups

AVG Group specializes in renewable energy, nordic ESG, and impact investing services.

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Investment focus

  • Industry: Electronics, Manufacturing, Semiconductor
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • TGN Energy — Shaping the energy distribution of the future. What We Do We are the natural partner for industrial buildings and developers seeking energy optimized projects. The global production of electricity is becoming more and more sustainable. At TGN we offer innovative and agile energy management systems for commercial real estate, letting
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ETF Partners
VC Fund · London, England, United Kingdom · 1 investments in Norway Renewable Energy startups, 12 in the past 12 months

ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Its funds come from institutional investors, global corporations, and family offices. The firm creates value by investing in and supporting great European companies that deliver Sustainability Through Innovation.

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Investment focus

  • Industry: Software, Renewable Energy, Information Technology
  • Stage:Series B, Series A
  • Geography: United Kingdom, France, Norway

Investor stats

  • Total investments: 71
  • Round size: Series A $6M–$13M; Series B $5.4M–$11M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Zeelo — Travel to major events, festivals, cities and many more in comfy coaches with Zeelo. Book your seat now.
  • Open Cosmos — Driven by the vision of making space accessible to anyone, Open Cosmos provides simple and affordable space missions.Open Cosmos went from design to delivery of qb01, their first nanosatellite, in only four months, followed by a launch and deployment in LEO early April 2017. They are currently working with innovative payload developers towardsin-orbit demonstration and constellation deployment to enable services ranging from remote sensing to maritime domain awareness and machine-to-machine communications.
  • Eagle Genomics — Unlocking radical innovation by enabling the conversation between microbiome data and the scientist
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Renewable Energy startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

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

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
  • Wanda — Lageret som henter og leverer hjemme. Rimelig, trygt, enkelt!
  • Spacemaker AI — Spacemaker enables teams to collaborate, analyse and design real estate sites, using AI to help developers, architects and planners to make better decisions, faster.
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We Are Human
VC Fund · London, England, United Kingdom · 1 investments in Norway Renewable Energy startups

We Are Human strategise, design and build products and services that add value to people's lives through fulfilling a need or satisfying a desire. We Are Human is a platform to invest in great ideas and make them happen. By co-creating innovative new businesses, we can have impact in areas where they have a strong passion and desire toinfluence, improving their knowledge and skillset along the way. Through insights, future vision and human-centric design. We Are Human empower people, create change and instigate shared experiences that deliver tangible results.

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Investment focus

  • Industry: SaaS, Mobile, Software
  • Stage:Seed, Angel, Convertible Note
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Skyfri — Skyfri, established in 2017, provides owners of renewable energy plants sophisticated software to increase revenues and reduce down-time in production. Its platform is built to automate operations, maintenance and asset management. The company is backed by leading investors, and has a strong management with experience from building and listingrenewable energy and technology companies. The team is also one of the most experienced within IPP, O&M and asset management, having earlier overseen more than 3GW across Europe, Asia and North America.
  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • Fauna — When you need something, choose a green option. Through Fauna you will get bonus points for environmentally friendly purchases.
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Azolla Ventures
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Norway Renewable Energy startups

Azolla Ventures is a venture capital firm that invests in early-stage technology companies.

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Investment focus

  • Industry: Environmental Engineering, Forestry, CleanTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Norway

Investor stats

  • Total investments: 4
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Funga — Funga uses the forest fungal microbiome to improve forestry outcomes and address the climate crisis. The company was founded in 2021 and is headquartered in Austin, Texas, United States.
  • SiTration — SiTration improves ultra-durable filtration membranes intended for efficient separations in the harshest environments. Brendan Smith established the company in Cambridge, Massachusetts in 2020.
  • Carbon Reform — Carbon capture and indoor air quality control for commercial buildings
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 1 investments in Norway Renewable Energy 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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EV Private Equity
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Renewable Energy startups

Committed to building world-class companies.

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Investment focus

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

Investor stats

  • Total investments: 32
  • Round size: Pre-Seed $450k–$700k; Series A $1.3M–$8M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Autobon AI — Autobon is pioneering DeliveryOS - a fully automated freight shipping platform for those who ship, manage, or transport high-value products. Autobon (Techstars ’18) is empowering America's truck drivers and fleets to participate in the autonomous future. They focus on upgrading (and leveraging) as many existing semi-trucks into safer, smarter,and more automated vehicles through our low-cost autopilot platform that enables self-driving and advanced logistics features.
  • Noova — Noova helps customers monitor consumption patterns, both day and night, in order to uncover illogical consumption or areas where it is possible to use energy smarter.
  • SecondKeys — SecondKeys offers a user-friendly online property management platform that redefines property maintenance and management. Sign up today for a free demo.
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Unpopular Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway Renewable Energy startups, 19 in the past 12 months

The best companies, off the beaten path.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Mexico, Colombia

Investor stats

  • Total investments: 129
  • Round size: Seed $1.2M–$6M; Pre-Seed $370k–$5.5M; Series A $6.8M–$30M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Instock — Instock offers a gravity-defying ecommerce fulfillment.
  • ZipperTax — AI copilot for tax professionals and taxpayers
  • EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
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Akershus Energi
VC Fund · Rånåsfoss, Akershus, Norway · 1 investments in Norway Renewable Energy startups

Akershus Energi is a power company producing hydroelectric power and electrical equipment. The company also focuses on efficient and renewable energy production, active power trading and profitable investments, development of hydropower, wind power and district heating, and data center and infrastructure. It sells the power generated and trades inthe financial market, as well as distributes hot water for heating and hot tap water purposes.Akershus Energi was established in 1922 and is based in Rånåsfoss, Norway.

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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Golar LNG Partners
VC Fund · Hamilton, Hamilton, Bermuda · 1 investments in Norway Renewable Energy startups

Golar LNG Partners owns floating storage and regasification units and liquefied natural gas carriers. Golar LNG Partners are a growth-oriented limited partnership formed by Golar LNG Limited (NasdaqGS: GLNG; OSE: GOL) to own and operate floating storage and regasification units (or FSRUs) and LNG carriers under long-term charters, which they defineas charters of five years or more. They intend to leverage the relationships, expertise, and reputation of Golar, a leading independent owner, and operator of FSRUs and LNG carriers, to pursue growth opportunities in these areas. While they intend to operate their assets under long-term charters with stable cash flows, Golar intends to focus primarily on FSRU and LNG project development, LNG trading and LNG transportation, storage, and regasification activities with contract terms and associated cash flows that are more short-term and/or variable in nature.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aqualung Carbon Capture — Aqualung Carbon Capture provides industrial scale carbon capture units to speed up decarbonisation and mitigate carbon emissions.
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Renewable Energy VC funding in Norway at a glance

Stats across 58 deals from 77 investors.

77
investors
in Norway Renewable Energy startups
58
deals
in Norway Renewable Energy startups
$5M
median round
in Norway Renewable Energy startups
44%
lead investors
lead at least one round
17%
Seed
most common funding stage

Access all 77 VC funds in Norway Renewable Energy startups.

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