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Top 50 Artificial Intelligence Startup Investors in Norway (June 2026)

The most active venture capital funds and angel investors investing in Norway Artificial intelligence startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Artificial intelligence startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Skyfall Ventures
VC Fund
10 Norway, Denmark, United States Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $336k–$5.5M
Antler
VC Fund
9 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $104k–$29M
Alliance VC
VC Fund
8 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics $1.3M–$24M
Idekapital
VC Fund
5 Norway, United Kingdom Series A, Seed Software, SaaS, Information Technology $168k–$15M
SNÖ Ventures
VC Fund
5 Norway, United States, Sweden Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $1M–$59M
Investinor
VC Fund
5 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
Arkwright X
VC Fund
4 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
Sondo Capital
VC Fund
4 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $660k–$16M
Stratel
VC Fund
4 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
DNB
VC Fund
3 Norway, Sweden, United States Post-IPO Debt, Debt Financing Renewable Energy, Energy, Solar $89M–$1.2B
Concentric
VC Fund
3 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin $1.1M–$225M
MP Pensjon
VC Fund
3 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Kistefos Venture Capital
VC Fund
3 Norway, Singapore, Sweden Seed, Series A Software, SaaS, FinTech $700k–$16M
Maki.vc
VC Fund
3 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $900k–$37M
Farvatn Venture
VC Fund
3 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $1M–$7.5M
ProVenture
VC Fund
3 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$6.6M
Construct Venture
VC Fund
3 Norway, Spain Seed, Series A Software, Information Services, Information Technology $2.2M–$25M
Arali Ventures
VC Fund
3 India, United States, Norway Seed, Series A, Pre-Seed Artificial Intelligence, Software, B2B $500k–$33M
Magnus Carlsen
Angel
3 Norway, United States Seed, Pre-Seed, Series A Sports, Soccer, Software
Futurum Ventures
VC Fund
2 Norway, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Energy $360k–$5M
Nicolaj Nielsen
Angel
2 Denmark, Norway, Sweden Pre-Seed, Angel, Seed Information Technology, Software, Artificial Intelligence $74k–$1.8M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.4M
TRK Group
VC Fund
2 Norway, Kenya Pre-Seed, Seed SaaS, Artificial Intelligence, Internet $400k–$510k
Fusion Fund
VC Fund
2 United States, Canada, India Seed, Series A Artificial Intelligence, Software, Machine Learning $1.1M–$50M
Voima Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$18M
Innovation Norway
VC Fund
2 Norway, Romania, Sweden Grant, Seed Software, Information Technology, SaaS $42k–$3.6M
Superorganism
VC Fund
2 United States, Norway, Sweden Seed, Pre-Seed, Series A Software, Machine Learning, Artificial Intelligence $360k–$8M
Simula Innovation
VC Fund
2 Norway Pre-Seed Software, Machine Learning, Artificial Intelligence $250k–$672k
KOMPAS VC
VC Fund
2 United States, Germany, Israel Seed, Series A, Series B Software, Construction, Information Technology $2.2M–$70M
Lyse Group
VC Fund
2 Norway Seed SaaS, Water, Analytics
Trond Riiber Knudsen
Angel
2 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, Information Technology, SaaS $300k–$3.5M
Altitude Capital
VC Fund
2 Norway Pre-Seed, Series A, Venture - Series Unknown Health Care, Artificial Intelligence, Psychology
Northzone
VC Fund
2 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$95M
Anne Worsoe
Angel
2 Norway, United States, Denmark Pre-Seed, Angel Software, Machine Learning, Financial Services $672k–$1.1M
OBOS Forsikring
VC Fund
2 Norway Seed, Series A Real Estate, Information Technology, Software $766k–$3.7M
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Robotics, Software, Renewable Energy $1.8M–$2.4M
Christian Rokseth
Angel
2 Norway Seed, Pre-Seed Software, Electronics, Machine Learning $1.2M–$3.7M
CapitalOven
VC Fund
1 India, United States, Spain Series A, Seed, Pre-Seed Artificial Intelligence, Software, Information Technology
Carsten Thoma
Angel
1 Germany, United States, Spain Seed, Pre-Seed, Series A Software, SaaS, Information Technology
Green Campus Innovations Oy
VC Fund
1 Finland, Norway Seed, Pre-Seed Electric Vehicle, Manufacturing, Energy
4impact
VC Fund
1 The Netherlands, Germany, Italy Seed, Series A Artificial Intelligence, Software, Environmental Consulting
Ferd
VC Fund
1 Norway, Sweden, United States Private Equity, Post-IPO Equity Energy, Software, Manufacturing
Malling & Co Venture
VC Fund
1 Norway Seed SaaS, Software, Construction
Nordavind Invest
VC Fund
1 Norway Pre-Seed Software, Generative AI, Sales Automation
Scribble Ventures
VC Fund
1 United States, Mexico, India Seed, Series A, Pre-Seed Software, Information Technology, SaaS
Sverre Tyrhaug
Angel
1 Norway Pre-Seed Software, Machine Learning, Food and Beverage
NREP
VC Fund
1 Norway, Sweden, Denmark Seed, Series A Artificial Intelligence, Real Estate, Information Technology $1.4M–$25M
Round Hill Ventures
VC Fund
1 United Kingdom, Germany, Norway Seed, Series A Software, Real Estate, Information Services $637k–$25M
Eytan Elbaz
Angel
1 United States, France, Norway Seed, Series A, Series B Internet, Software, SaaS $1.1M–$16M
OpenAI Startup Fund
VC Fund
1 United States, Norway Seed, Series A, Series B Artificial Intelligence, Legal, Children
Access all 190 investors in Norway Artificial intelligence startups.

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

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Investor list

Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 10 investments in Norway Artificial intelligence startups

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:Seed, Pre-Seed
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 61
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $336k–$3.3M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
  • CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
  • Outshifter — Outshifter is the API for product data access. Give or get access to product data, and manage it all in one universal format.
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Antler
VC Fund · Singapore, Central Region, Singapore · 9 investments in Norway Artificial intelligence startups

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, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1206
  • Round size: Seed $196k–$5.8M; Pre-Seed $104k–$1.1M; Series A $4.6M–$29M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Qeeper — On-demand property maintenance across London, Edinburgh and Brighton
  • Twisty — Use our character engine to make your message come alive
  • EnterMeme — meme.market is where you coin the best meme
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 8 investments in Norway Artificial intelligence startups

Alliance Venture is a Nordic venture capital firm investing in exceptional early-stage tech companies and purpose-driven founders with global ambitions. Offices in Oslo, Stockholm, Copenhagen and Helsinki.

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Investment focus

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

Investor stats

  • Total investments: 80
  • Round size: Seed $1.3M–$5M; Series A $1.8M–$24M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Endform
  • Newcode.ai
  • Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
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Idekapital
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Artificial intelligence 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, Information Technology
  • Stage:Series A, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 32
  • Round size: Seed $168k–$4.4M; Series A $2.7M–$15M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • ORDR — Restaurants, foodstalls and takeaways use ORDR to speed up food prep and increase revenue.
  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Artificial intelligence 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, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 31
  • Round size: Seed $1M–$5.5M; Pre-Seed $2.8M–$4.5M; Series A $4.9M–$59M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • MusicInfra — Organizing connections between recordings, compositions, and rightsholder claims to reduce friction and enable monetization. AI-powered recognition and matching solutions for the music industry.
  • Nolla Health — Nolla Health is a technology-driven healthcare company that focuses on developing AI-powered digital doctors, starting with skin health and dermatology.
  • Nordic Air Defence — Nordic Air Defence builds cutting-edge solutions for modern aerial security. Made in Sweden.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway Artificial intelligence 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:Series A, Seed
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 118
  • Round size: Seed $400k–$3.3M; Series A $2M–$25M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2011

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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Arkwright X
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Artificial intelligence startups

Leading Nordic venture capital firm investing in early-stage B2B startups

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Investment focus

  • Industry: Software, SaaS, Energy
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 23
  • Round size: Seed $1.2M–$5.6M; Pre-Seed $93k–$2.8M; Series A $4.9M–$15M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Soolv
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Qurrent — Qurrent provides intelligent software solutions that optimize, regulate, and automate the trading of decentralized renewable energy assets.
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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Artificial intelligence startups

Investing 2 - 6 MNOK in pre-seed and seed stage teams with a link to Norway

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Investment focus

  • Industry: Software, Analytics, Real Time
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 18
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $660k–$2M; Series A $11M–$16M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Catchwise — Fyll kvota mer effektivt. Finn den riktige fisken, med mindre tid og diesel.
  • Lightsonic — We transform how critical infrastructure is monitored to help preserve and optimise natural resources, reduce carbon emissions, and create a more sustainable and resilient environment.
  • Cardboard — Cardboard simplifies SaaS spend management with virtual cards, automated receipt collection, and AI receipt matching, all accessible through a live dashboard to control software costs.
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Stratel
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Artificial intelligence 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: Software, Robotics, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United Arab Emirates

Investor stats

  • Total investments: 7
  • Round size: Seed $320k–$3M; Pre-Seed $1.6M–$2M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Aivero — The Easiest Path from Camera to Machine Learning. Aivero provides an intuitive platform for real-time video streaming across multiple cameras, enabling effortless data capture from both 2D and 3D sensors
  • Inherit Carbon Solutions — Inherit Carbon Solutions creates durable nature-friendly carbon removal solutions.
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DNB
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Artificial intelligence 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: Renewable Energy, Energy, Solar
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 43
  • Round size: Post-IPO Debt $89M–$1.2B; Debt Financing $94M–$683M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Astor — Scandinavian Astor Group is a Swedish industrial and defense group.
  • Low Carbon — Low Carbon focuses on large-scale renewable energy investments embracing proven technologies including solar, wind, waste to energy and battery storage.
  • Capsol Technologies ASA
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Access 48,091 investors

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

Browse database — It's Free!
Concentric
VC Fund · London, England, United Kingdom · 3 investments in Norway Artificial intelligence 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, Bitcoin
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 88
  • Round size: Seed $1.1M–$5.6M; Series A $1.7M–$25M; Series B $1.6M–$225M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • LN Markets — The first Lightning-native Bitcoin derivatives trading platform.
  • aeon.life — Preventive healthcare platform that equips people with personalized insights and expert guidance for proactive whole-body health
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Artificial intelligence startups

MP Pensjon er pensjonskasse for TINE SA og norske datterselskaper. God og langsiktig forvaltning sikrer din pensjon.

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $500k–$5.5M; Series A $4.9M–$9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
  • Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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Kistefos Venture Capital
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Artificial intelligence 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, SaaS, FinTech
  • Stage:Seed, Series A
  • Geography: Norway, Singapore, Sweden

Investor stats

  • Total investments: 20
  • Round size: Seed $700k–$4M; Series A $4.1M–$16M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • fileAI — Automate and analyze any file with AI. fileAI builds proprietary AI components for complex agentic workflow automation.
  • Workclass — Apply for any jobs and get hired in 24 hours now!
  • fileAI (formerly 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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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Norway Artificial intelligence startups

We partner with deep tech and brand-driven companies obsessed in challenging category norms. The Nordics are our home, but we take on a global front in spotting the unexpected - from B2B to B2C, with a sweet spot for scientific advances, strong IP, and customer understanding that looks beyond convention.We invest in early stage companies: fromtheir inception to series A and beyond. We share in the vision of founders as champions and challengers, drawing on our experiences from scaling some of the strongest tech companies ourselves.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Norway, Denmark

Investor stats

  • Total investments: 93
  • Round size: Seed $900k–$8M; Pre-Seed $1.1M–$2.7M; Series A $3.3M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Yaak Technologies ApS — Safety in urban self-driving is currently an afterthought. At Yaak, we distill safety from driving experts for the next generation of human and autonomous driving.
  • IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
  • Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
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Farvatn Venture
VC Fund · 3 investments in Norway Artificial intelligence startups

Planet 9 Venture supports startups and work with venture funds to make a positive imprint on the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 16
  • Round size: Seed $1M–$7.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Scindo — Creating a novel biological process to turn low-value plastic landfill waste into high-value molecules.
  • Ocean Oasis — The future of wave powered desalination. We use wave energy to make sustainable and affordable water for coastal communities and businesses.
  • LIFENESS — Lifeness is a platform specialized in the treatment of lifestyle diseases and an entrepreneur from the fitness industry,
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 investments in Norway Artificial intelligence 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: Software, Oil and Gas, Information Technology
  • Stage:Seed, Series A
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 37
  • Round size: Seed $744k–$6.6M; Series A $4.9M–$5.6M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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 — Wanda.space is a technology and logistics start-up delivering space as a service.
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Construct Venture
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Artificial intelligence startups

Early phase investor in ConstructionTech and PropTech powered by OBOS & AF

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $2.2M–$6.6M; Series A $10M–$25M
  • Lead/follow: 11% lead, 89% follow

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.
  • Theoriq — Theoriq is a platform for limitless AI innovation built on the principles of composability, extensibility, and community-driven governance.
  • Findable — Findable is an intelligent facility management system for public properties, commercial real estate and construction. We use AI to automate operations and manage your properties with data from your building documentation. Our user-friendly software helps your facility manager ensure compliance, reduce risk, and lower operation costs with powerful automation tools.
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Arali Ventures
VC Fund · Bangalore, Karnataka, India · 3 investments in Norway Artificial intelligence startups

We are a seed fund focused on enterprise tech businesses out of India. We invest early, help build the venture with the promoter teams.

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Investment focus

  • Industry: Artificial Intelligence, Software, B2B
  • Stage:Seed, Series A, Pre-Seed
  • Geography: India, United States, Norway

Investor stats

  • Total investments: 38
  • Round size: Seed $550k–$3.5M; Pre-Seed $500k–$1.6M; Series A $567k–$33M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Bidaal — Digital mapping for Illumination Surveying & Planning
  • Mannjal — Growth platform for regional NBFCs/Lenders
  • Quash — Quash is a developer tool built to automate the bug reporting process by capturing screenshots, recordings, crash logs, and more.
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Magnus Carlsen
Angel · 3 investments in Norway Artificial intelligence startups

Magnus Carlsen is the Co-founder of Freestyle Chess.

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Investment focus

  • Industry: Sports, Soccer, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
  • Metric — Metric develops AI-driven tools for automating digital advertising. Its platform, which primarily serves Shopify-powered e-commerce companies, is made to handle campaign creation, budget distribution, and performance optimization across Meta and Google.
  • TOCA Football — TOCA Football! Improve your skills with state of the art equipment and training programs for kids, adults, and professionals at TOCA Football training centers.
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Futurum Ventures
VC Fund · 2 investments in Norway Artificial intelligence startups

Futurum Ventures invest in visionary entrepreneurs build and scale tech companies.

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Investment focus

  • Industry: Software, Artificial Intelligence, Energy
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 6
  • Round size: Seed $360k–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
  • Noteless — Noteless develops an AI-powered platform that converts doctor-patient conversations into structured medical notes. This tool is designed to streamline documentation processes for healthcare professionals, allowing them to focus more on patient care. The platform supports various specialties, including general practitioners, physiotherapists, andpsychologists, and is available in multiple languages such as English, German, Spanish, French, Dutch, Norwegian, and Danish. It ensures data privacy by not storing audio recordings or using patient data for model training, adhering to GDPR compliance. Healthcare providers can integrate the platform into their existing systems, aiming to reduce administrative burdens and enhance workflow efficiency.
  • Optio Incentives — Optio helps businesses incentivize employees, manage equity, stay compliant, and report costs with our software and advisory
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Nicolaj Nielsen
Angel · Copenhagen, Hovedstaden, Denmark · 2 investments in Norway Artificial intelligence startups

Nicolaj nielsen is an investor at IDUN audio. attended INSEAD MBA, General Management.

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Investment focus

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

Investor stats

  • Total investments: 14
  • Round size: Pre-Seed $74k–$1.8M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Grand PMS — More efficient operations. Increased revenue. Enhanced guest experiences. Grand is a web-based PMS that helps you bring new levels of excellence.
  • LedgerBee
  • GRAND — More efficient operations. Increased revenue. Enhanced guest experiences. Grand is a web-based PMS that helps you bring new levels of excellence.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 2 investments in Norway Artificial intelligence startups

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 87
  • Round size: Seed $219k–$2.1M; Pre-Seed $110k–$4.4M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Atium — Clean water is one of the largest future challenges we stand before, and toxic pollutants are a large contributing factor. Heavy metals are some of the most toxic chemicals to human health and it is our goal, through our innovation, to contribute to a world where water treatment is more environmentally friendly and effective. Atium exists to helpensure clean water, for everyone.
  • Reactional Music — Reactional Music is creating a new commercial layer for the global games industry that uses premium, licensed music to drive both user acquisition and player engagement. The company’s technology allows developers and publishers to integrate commercial music at two critical points in the player lifecycle:- Music in User Acquisition – improvingconversion, ROI, and campaign lifespan in playable ads and performance marketing.- Music in Games – increasing retention, session length, and monetization through adaptive, personalized music experiences.Reactional’s platform combines a patented rule-based adaptive music engine, a licensed catalog of more than six million tracks, and an automated rights and royalty system. The technology is already integrated with Unity and Unreal and is deployed across live projects with leading publishers and studios.
  • Popit — Popit makes medication connected with a unique, medical grade solution. It tracks medication use automatically and reminds ONLY if you miss. Developed together with healthcare professionals.
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TRK Group
VC Fund · 2 investments in Norway Artificial intelligence startups

An Oslo-based Advisory and Active Ownership Firm.

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Investment focus

  • Industry: SaaS, Artificial Intelligence, Internet
  • Stage:Pre-Seed, Seed
  • Geography: Norway, Kenya

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $400k–$510k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • Vilect AI — Vilect is a recruitment software for store managers. The system identifies the most relevant candidates and lets the hiring manager screen recorded video interviews integrated directly into the system - store managers can see their fit, personality, drive, and motivation and save time and money.
  • Travelin.ai — Business and Leisure travel no longer just exist in silos but are intertwined. Travelin.ai is the Next Generation Corporate Travel Management Platform which reflects the true way we live, work and travel.
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Fusion Fund
VC Fund · Palo Alto, California, United States · 2 investments in Norway Artificial intelligence startups

Fusion Fund supports early-stage entrepreneurs who are looking to build globally disruptive companies using innovative technologies to drive systemic change.They are entering the next wave of technological advancement and foundational innovation is required to enable massive growth. With Fusion Fund’s technical and entrepreneurial backgrounds,we seek to support entrepreneurs who are building companies with strong technical barriers and advantages in their business models.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series A
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 137
  • Round size: Seed $1.1M–$11M; Series A $6.8M–$50M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • SAIF Autonomy — At SAIF Systems we aim to be the global leaders in novel control assurance, pioneering trusted and ethical autonomy for humanity. Our software enables assured, trustworthy deployment of AI and novel control in any application for the first time; starting with autonomous systems.SAIF offers licensing and SaaS development options to OEMs, systemintegrators, operators, and regulators, ultimately ensuring safety in autonomous systems everywhere.
  • Niobium Microsystems — The encrypted cloud has arrived.
  • Rhino Federated Computing
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Norway Artificial intelligence startups

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$5.9M; Pre-Seed $439k–$2.1M; Series A $3.8M–$18M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • Kuva Space — Kuva Space improves life on Earth through daily, space-borne hyperspectral imaging and AI. We offer Earth observation solutions for more sustainable business.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Artificial intelligence startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Grant, Seed
  • Geography: Norway, Romania, Sweden

Investor stats

  • Total investments: 75
  • Round size: Seed $118k–$3.6M; Grant $42k–$1.7M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Munibee — Munibee is a financial management platform designed to help users track and manage personal and shared finances. It integrates with multiple banks using open banking to provide a unified view of transactions and accounts. The platform offers tools for budgeting, collaboration, and expense tracking across households or projects.
  • Ofiniti — Ofiniti is a platform designed for businesses to streamline operations through digital maritime fuel distribution. Ofiniti's platform offers solutions that bridge the digital gap between fuel suppliers and consumers, improving the efficiency of marine fuel bunkering operations. Ofiniti works to enhance operational performance within themaritime sector by integrating technology into traditional industries.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Superorganism
VC Fund · New York, New York, United States · 2 investments in Norway Artificial intelligence startups

Superorganism is a venture fund for biodiversity.

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Investment focus

  • Industry: Software, Machine Learning, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Norway, Sweden

Investor stats

  • Total investments: 12
  • Round size: Seed $360k–$8M; Pre-Seed $2M–$2M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Cecil — From nature-based offset projects to biodiversity inventories, we simplify natural asset management for project developers, intermediaries, asset managers and investors.
  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
  • Deep Forestry — Deep Forestry AB specializes in developing autonomous survey drones equipped with 3D AI technology. These drones are designed to navigate through forests and agricultural plantations, scanning individual trees to measure biodiversity and gather detailed data. The company focuses on leveraging deep-tech solutions in 3D AI, autonomous robotics, andcomputer vision to enhance forest management and agricultural practices.
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Simula Innovation
VC Fund · Fornebu, Akershus, Norway · 2 investments in Norway Artificial intelligence startups

Simula Innovation is an early-stage technology investor.

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Investment focus

  • Industry: Software, Machine Learning, Artificial Intelligence
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $250k–$672k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • SurplusMap — SurplusMap is pioneering EV Infrastructure Intelligence. We use AI to transform charging and energy data into predictive, map-based insights that show where to build, how to forecast demand, and how to balance grid impact. Our platform unifies CPOs, energy companies, cities, and developers around a single source of truth — helping them scalecharging networks faster, reduce risks, and unlock new energy opportunities.
  • 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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KOMPAS VC
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Norway Artificial intelligence startups, 7 in the past 12 months

KOMPAS is an early-stage venture capital firm with offices in Amsterdam, Berlin, Copenhagen and Tel Aviv. We fund breakthrough innovations that accelerate the digital transformation and decarbonisation of the building and manufacturing industries. KOMPAS invests €1.0 – 5.0 million in Seed and Series A rounds with continued support throughout thecompany’s entire lifecycle. We partner with exceptional founders who disrupt the way buildings are designed, built and managed. We strive to eliminate emissions from building and manufacturing activity, reduce energy consumption, promote sustainable building materials, eliminate waste and support a circular economy. We invest in digital technology and automation to make industrial processes from procurement to manufacturing more efficient. We operate with purpose whilst delivering strong financial returns to our investors.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $2.2M–$9M; Series A $5.5M–$43M; Series B $2.8M–$70M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Array Labs — Array Labs is working to provide high-quality 3D imagery on a global scale.
  • Epoch Biodesign — Mellizyme Biotechnology is currently operating in stealth.
  • United Manufacturing Hub — The United Manufacturing Hub is an Open-Source Industrial IoT Infrastructure Platform enabling to easily connect, configure, manage, and maintain their factory.
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Lyse Group
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Artificial intelligence startups

Lyse er et norsk energi- og telekomkonsern som leverer produkter under merkevarene Altibox, ice og Lyse.

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Investment focus

  • Industry: SaaS, Water, Analytics
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

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.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Heimdall Power — Heimdall Power helps utilities optimize the power grid with state-of-the-art sensors and software, enabling real-time capacity management and situational awareness for a more efficient and reliable energy system.
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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 2 investments in Norway Artificial intelligence startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $320k–$3.5M; Angel $300k–$933k; Pre-Seed $672k–$1.8M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Ciloo — The global brand management platform for local, on-demand production of branded products. Reduce costs, waste + shipping distances. Full brand control.
  • 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.
  • Campanyon — Campanyon is a provider of an outdoor accommodation booking platform intended for people to find and book their next outdoor adventure by connecting campers with hosts.
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Altitude Capital
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Norway Artificial intelligence startups

Altitude Capital is an investment firm.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Psychology
  • Stage:Pre-Seed, Series A, Venture - Series Unknown
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Braive — Braive offers a treatment platform that helps clients and supports clinicians by delivering evidence-based treatment programs, diagnostic screenings, and
  • Journalia — Journalia develops AI-based tools that make healthcare professionals' work more efficient, improve patient experience and reduce costs.
  • Metric — Metric develops AI-driven tools for automating digital advertising. Its platform, which primarily serves Shopify-powered e-commerce companies, is made to handle campaign creation, budget distribution, and performance optimization across Meta and Google.
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Northzone
VC Fund · London, England, United Kingdom · 2 investments in Norway Artificial intelligence startups

Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.

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Investment focus

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

Investor stats

  • Total investments: 321
  • Round size: Seed $2.4M–$17M; Series A $4M–$40M; Series B $6.7M–$95M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Stream — Stream is a financial services firm that allows employees to stream their earned wages into their accounts through an instant app. The app allows them to have complete control over when they get paid. It also effectively ends the need for employee advances, loans, and employee stress suffered from short-term, unplanned financial obligations. Thecompany aims to play a key role in reducing the poverty premium and preventing employees from entering cycles of debt caused by overdraft fees, high-interest credit, or payday loans.
  • HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
  • GovDash — Realize allows users to link brokerage accounts, view real-time account data, and place trades from any app. We currently support over 90 million accounts at the largest retail brokerages in the US.We're revenue-generating and backed by top investors like Y Combinator, Craft Ventures, Global Founders Capital, Soma Capital, Olive Tree Capitaland more.
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Anne Worsoe
Angel · Oslo, Oslo, Norway · 2 investments in Norway Artificial intelligence 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: Software, Machine Learning, Financial Services
  • Stage:Pre-Seed, Angel
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 7
  • Round size: Pre-Seed $672k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ownersroom — OwnersRoom is a fintech startup based in Oslo.
  • 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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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Artificial intelligence startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $766k–$3.7M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Plaace — Proptech company creating vibrant streets and cities by helping property owners choose and connect with the right concepts, at the right place, using the right data.
  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • Receipts — Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.
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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Artificial intelligence 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: Robotics, Software, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$2.4M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Aivero — The Easiest Path from Camera to Machine Learning. Aivero provides an intuitive platform for real-time video streaming across multiple cameras, enabling effortless data capture from both 2D and 3D sensors
  • Heaten — HeatBooster - Patented high-temperature heat pump technology reducing the reliance on fossil fuels by creating reusable energy.
  • Sensonomic — Sensonomic helps you improve your land-based decisions by building digital versions of your operations. Test the outcome of your decisions before implementation.
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Christian Rokseth
Angel · Stavanger, Rogaland, Norway · 2 investments in Norway Artificial intelligence 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: Software, Electronics, Machine Learning
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 5
  • Round size: Seed $1.2M–$3.7M
  • 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 — River and coastal risk management to protect assets, people and the environment.
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CapitalOven
VC Fund · Kolkata, West Bengal, India · 1 investments in Norway Artificial intelligence startups, 30 in the past 12 months

CapitalOven is a venture capital firm backing early-stage AI & GenAI founders from Seed to Series A.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Series A, Seed, Pre-Seed
  • Geography: India, United States, Spain

Investor stats

  • Total investments: 100
  • Lead/follow: no public data

Portfolio highlights

  • Rexpt — Rexpt, Smart AI Receptionist to handle all your Business front desk utilizing Artificial Intelligence. Rexpt handles your business calls 24/7, Nurture Leads, Take Calendar Bookings, Fight Spam Calls, Take Notes & Provide Worry-Free Front-Desk Management.
  • Zulo AI — Unlock a suite of powerful AI assistants for face swapping, video editing, image generation, video enhancement, upscaling, AI portraits, background removal, tattoo creation, and much more.
  • NAVCHETNA — Navchetna is India’s first homegrown educational AI company, dedicated to building innovative products that redefine learning and skill development. As a product-based company, Navchetna creates advanced AI platforms such as Osmium and is actively developing a portfolio of future solutions designed to enhance education, career readiness, andlifelong learning.The company also offers technology services and consultancy, enabling organizations to integrate AI, deploy scalable digital infrastructure, and create impactful software solutions. With a blend of technical expertise, innovation, and a mission-driven approach, Navchetna partners with institutions, startups, and enterprises to shape the future of education and technology in India and beyond.
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Carsten Thoma
Angel · 1 investments in Norway Artificial intelligence startups

Carsten co-founded hybris in 1997. He is responsible for global operations, marketing and corporate planning of the company. After successfully driving the hybris North America market entry Carsten led the team that managed the acquisition of iCongo in August 2011. His relentless pursuit for talent has resulted in a highly motivated and passionateworkforce and unique corporate culture as that is at the center of the company’s success. He began his career at Hewlett Packard, where his ideas for a standardized and flexible e-commerce software were the starting point for what would become hybris. Carsten studied law and also holds a bachelor’s degree in business administration

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Investment focus

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

Investor stats

  • Total investments: 24
  • Lead/follow: no public data

Portfolio highlights

  • Quaisr — Quaisr develops simulations for the full digital-twin lifecycle.
  • Kombo — One unified API for HRIS, Payroll & ATS
  • Ninetailed — Ninetailed is a composable API-first personalization, experimentation, and testing tool for dynamic websites, headless CMSs, composable content, and MACH.
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Green Campus Innovations Oy
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Norway Artificial intelligence startups

Provide an effective, outsourced incubation and acceleration platform .

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Investment focus

  • Industry: Electric Vehicle, Manufacturing, Energy
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Norway

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service
  • Solar Foods — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
  • The Human Touch Robotics — Automating online grocery and food related goods picking with single-item picking robots, through adaptive gripping and AI vision system.
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4impact
VC Fund · Netherlands, Missouri, United States · 1 investments in Norway Artificial intelligence startups

4impact was born out of our desire to increase the purpose of our work and help us give back. By backing tech4good technology startups with knowledge, experience, network, and funding, we can be a catalyst to a sustainable world.

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Investment focus

  • Industry: Artificial Intelligence, Software, Environmental Consulting
  • Stage:Seed, Series A
  • Geography: The Netherlands, Germany, Italy

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • ETPA — Etpa, the energy trading platform driving the sustainability transition. Join us for transparent trades, innovative solutions, and the fastest platform.
  • Myrspoven — Transform your building with Myrspoven's AI-driven solutions. Reduce energy costs, enhance sustainability, and lower emissions with advanced technology.
  • Coolgradient — Coolgradient is a roof-to-room AI optimization solution for data centers.
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Ferd
VC Fund · Lysaker, Akershus, Norway · 1 investments in Norway Artificial intelligence 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
  • Lead/follow: no public data

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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Malling & Co Venture
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Malling & Co provides all services within management, rental, transactions, valuations, analysis, consulting, rental search, business management, caretaker services, project management, and real estate development.

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Investment focus

  • Industry: SaaS, Software, Construction
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Findable — Findable is an intelligent facility management system for public properties, commercial real estate and construction. We use AI to automate operations and manage your properties with data from your building documentation. Our user-friendly software helps your facility manager ensure compliance, reduce risk, and lower operation costs with powerful automation tools.
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Nordavind Invest
VC Fund · 1 investments in Norway Artificial intelligence startups

Investing in early phase companies

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Investment focus

  • Industry: Software, Generative AI, Sales Automation
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • swayle. — swayle. simplifies the sales process and enhances your sales team through the power of AI. We live in your HubSpot and automatically enrich any lead with tailored insights and personalize your cold outreach. Sway your buyer - Close the sale.
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Scribble Ventures
VC Fund · Portola Valley, California, United States · 1 investments in Norway Artificial intelligence startups, 10 in the past 12 months

Scribble Ventures is a founder friendly capital for early-stage startups. Angel investors, Venture Capital, Startup Lab, Startups, Startup Mentorship, Founder advice, engineering, product, early stage startup

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Investment focus

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

Investor stats

  • Total investments: 104
  • Lead/follow: no public data

Portfolio highlights

  • Orb — Drive business model innovation with Orb. We power billing for the world's leading software companies.
  • Vybe — vybe is the place to create fun photos with friends.
  • c/side — Third-party scripts are a key part of the supply chain, giving 3rd party access to sensitive data or allowing malicious actions in the browser of your user. c/side helps you regain control over your website.
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Sverre Tyrhaug
Angel · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Sverre Tyrhaug is a lawyer working for Thommessen

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Investment focus

  • Industry: Software, Machine Learning, Food and Beverage
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • 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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NREP
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Artificial intelligence startups

NREP is a property company that invests in and operates properties. They work on urban living, home care, logistics, offices, and more. In addition, they offer real estate credit services.

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Investment focus

  • Industry: Artificial Intelligence, Real Estate, Information Technology
  • Stage:Seed, Series A
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 6
  • Round size: Seed $1.4M–$4.6M; Series A $16M–$25M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • RECOMA — RECOMA is a provider of economical and sustainable construction materials. By providing building materials that don't increase greenhouse gas emissions in the construction industry, it promotes sustainable construction.
  • Rive — Kodit.io is redefining how people buy, sell, and rent homes by eliminating time-consuming and costly procedures related to every real estate transaction. The company offers instant buying and data-driven brokerage services to home sellers and freshly renovated and safe city apartments for home buyers. Quick, easy, and transparent.Since beingfounded in 2017, the company has transacted homes worth over 90M euros and raised 121M in funding. The team comes from a colorful range of backgrounds, all the way from entrepreneurship to academics and Nordea to Harvard Business School. As of December 2020, Kodit.io consists of 45+ people from 7 different nationalities.Kodit.io is headquartered in Helsinki and is operating in all the major cities in Finland as well as Warsaw, Poland, and Madrid, Spain. Kodit.io service concept is developed by Homerun Technologies Ltd.You can find more about us: www.kodit.io/en
  • Proper — Proper offers a platform to help property owners‚ and their tenants, manage their property. Proper develops an intelligent platform that automatically performs the operational tasks associated with the rental of residential and commercial leases, garages and parking lots, etc. It was founded in 2017 and based in Copenhagen, Hovedstaden, Denmark.
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Round Hill Ventures
VC Fund · London, England, United Kingdom · 1 investments in Norway Artificial intelligence startups

Round Hill Capital is a global real estate investment and asset management firm, seeking to create long-term financial and social value by building thriving communities.

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Investment focus

  • Industry: Software, Real Estate, Information Services
  • Stage:Seed, Series A
  • Geography: United Kingdom, Germany, Norway

Investor stats

  • Total investments: 18
  • Round size: Seed $637k–$5.3M; Series A $5M–$25M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Myo — myo digitalisiert die Kommunikation zwischen Pflegeeinrichtungen, Familien und Dienstleistern in der Altenpflege. Jetzt kennenlernen!
  • TULU — TULU is a smart platform and amenity services provider to over 10,000 people in 50 buildings across the United States, Europe and Israel. Founded in 2019, TULU provides urban tenants with on-demand access to hundreds of brand name appliances, grocery staples, micro-mobility and entertainment devices, and more. TULU’s IoT-based modular units arecustomized to provide the most necessary and useful items, while leveraging advanced machine learning tools to analyze behavioral patterns, optimize usage, refine inventory, and create a personalized experience for our users. The outcome is a new way of living, encouraging more responsible consumption, reducing the cost of living in the city, and consistent with the trend to smaller and smaller living spaces.
  • Kterio — Kterio is the leading provider of data-driven services for real estate portfolio owners.
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Eytan Elbaz
Angel · Los Angeles, California, United States · 1 investments in Norway Artificial intelligence startups

Eytan Elbaz is the Co-Founder of Afterparty. He previously worked at Social Native as a Co-Founder and Chief Strategy Officer. Eytan Elbaz attended the University of California, Los Angeles.

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Investment focus

  • Industry: Internet, Software, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, France, Norway

Investor stats

  • Total investments: 23
  • Round size: Seed $1.1M–$4.3M; Series A $2M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Duffl — Duffl is a 10-minute grocery delivery service for college students. It currently operating at UCLA, USC, UCSB, and UC Berkeley. It was founded in 2019 and is headquartered in Los Angeles, California.
  • Fernish — Fernish is a furniture rental startup company that offers provides furniture as a subscription model to consumers living a mobile lifestyle.The company seeks to redefine the way the market sees furniture rental by positioning itself as a lifestyle brand. It offers a rent to own program that allows subscribers to apply their previous paymentstowards the cost of the piece or pieces they want to buy at the end of their subscription. Users are allowed to subscribe to an entire room or specific pieces and can even swap out things they don’t like or simply want to change up at any point.Founders Michael Barlow and Lucas Dickey launched the company in Los Angeles, California in 2017.
  • Globus.ai — Cover up to 40% more shifts, every day, with our self-learning, AI-based, workforce management software. Book your free trial today.
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OpenAI Startup Fund
VC Fund · 1 investments in Norway Artificial intelligence startups

The OpenAI Startup Fund is investing $100 million to help AI companies have a profound, positive impact on the world.

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Investment focus

  • Industry: Artificial Intelligence, Legal, Children
  • Stage:Seed, Series A, Series B
  • Geography: United States, Norway

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • Heeyo — Talking AIs that helps kids learn and play!
  • Unify — Drive pipeline with 10+ intent data sources, AI, and automation. Scale prospecting, personalization, engagement in one unified workflow.
  • Thrive AI Health — Thrive AI Health builds an AI health coach. Thrive AI Health use generative AI to hyper-personalize and scale behavior change.
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Artificial Intelligence Investor funding in Norway at a glance

Stats across 143 deals from 190 investors.

190
investors
in Norway Artificial intelligence startups
143
deals
in Norway Artificial intelligence startups
$1.6M
median round
in Norway Artificial intelligence startups
31%
lead investors
lead at least one round
34%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

Access all 190 investors in Norway Artificial intelligence startups.

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