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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
9 Norway, Denmark, United States Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $336k–$5.5M
Alliance VC
VC Fund
8 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics $1.3M–$24M
Antler
VC Fund
8 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Idekapital
VC Fund
5 Norway, United Kingdom Seed, Series A Software, Information Technology, SaaS $168k–$14M
Investinor
VC Fund
5 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
SNÖ Ventures
VC Fund
5 Norway, Sweden, United States Seed, Pre-Seed, Series A Software, SaaS, Information Technology $1M–$59M
Arkwright X
VC Fund
4 Norway, Sweden Seed, Pre-Seed Software, SaaS, Energy $93k–$5.6M
Stratel
VC Fund
4 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Arali Ventures
VC Fund
3 India, United States, Norway Seed, Series A, Pre-Seed Artificial Intelligence, Software, B2B $500k–$33M
Sondo Capital
VC Fund
3 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $660k–$5.1M
Magnus Carlsen
Angel
3 Norway, United States Seed, Pre-Seed, Series A Sports, Soccer, Software
MP Pensjon
VC Fund
3 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Concentric
VC Fund
3 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin $1.1M–$225M
DNB
VC Fund
3 Norway, Sweden, Denmark Post-IPO Debt, Debt Financing Energy, Renewable Energy, Solar $89M–$3B
Kistefos Venture Capital
VC Fund
3 Norway, Singapore, Sweden Seed, Series A Software, SaaS, FinTech $700k–$16M
ProVenture
VC Fund
3 Norway, United States, India Seed, Series A Software, Oil and Gas, Manufacturing $744k–$6.6M
Construct Venture
VC Fund
3 Norway, Spain Seed, Series A Software, Information Services, Information Technology $2.2M–$25M
Lyse Group
VC Fund
2 Norway Seed SaaS, Water, Analytics
KOMPAS VC
VC Fund
2 Israel, Germany, United States Series A, Seed, Series B Software, Construction, Sustainability $2.1M–$70M
Northzone
VC Fund
2 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$95M
Simula Innovation
VC Fund
2 Norway Pre-Seed Software, Machine Learning, Artificial Intelligence
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
Maki.vc
VC Fund
2 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $900k–$37M
Anne Worsoe
Angel
2 Norway, United States, Denmark Pre-Seed, Angel Software, Machine Learning, Financial Services $672k–$1.1M
Farvatn Venture
VC Fund
2 Norway, United States, Iceland Seed, Series A Software, Health Care, Artificial Intelligence $1.5M–$7.5M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.4M
Nicolaj Nielsen
Angel
2 Denmark, Norway, Sweden Pre-Seed, Angel, Seed Software, Information Technology, Artificial Intelligence $74k–$1.8M
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–$47M
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Robotics, Software, Renewable Energy $1.8M–$2.4M
OBOS Forsikring
VC Fund
2 Norway Seed, Series A Real Estate, Information Technology, Software $766k–$3.7M
Adolfsen Group
VC Fund
1 Norway Series A, Series B SaaS, Payments, Robotics
Marius Barhaugen
Angel
1 Norway Pre-Seed Software, Generative AI, Sales Automation
Wiski Capital
VC Fund
1 Norway, Sweden Seed, Pre-Seed Software, Information Services, Renewable Energy
Invest Northern Ireland
VC Fund
1 United Kingdom, United States, Ireland Grant, Seed Health Care, Biotechnology, Medical
Peak
VC Fund
1 The Netherlands, Germany, Belgium Seed, Pre-Seed Software, SaaS, E-Commerce
Chris Murphy
Angel
1 United States, Germany, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology
Bogomil Balkansky
Angel
1 United States, Israel, Bulgaria Seed, Series A, Series B Software, Enterprise Software, SaaS
Coalition for Epidemic Preparedness Innovations
VC Fund
1 United States, United Kingdom, India Grant, Seed Biotechnology, Health Care, Pharmaceutical
Nordic Impact
VC Fund
1 Norway Seed Chemical, Life Science, Visual Search
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
Superorganism
VC Fund
1 United States, Norway Seed, Pre-Seed Artificial Intelligence, Software, Machine Learning
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
Access all 50 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 · 9 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: 55
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $336k–$3.3M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Stendr
  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Take Take Take — Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement.
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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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Antler
VC Fund · Singapore, Central Region, Singapore · 8 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: 935
  • Round size: Seed $362k–$5.8M; Pre-Seed $100k–$1.3M; Series A $4.6M–$29M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Gyodi
  • Pathzero — Pathzero's carbon management platform enables any business to start disclosing corporate carbon emissions and the actions being taken to address them.
  • Unseen — Unseen is a market intelligence platform for commercial real estate.
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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, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Seed $168k–$4.4M; Series A $2.7M–$14M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • Simplifai — Simplifai is a holistic Artificial Intelligence (AI) company with the vision to empower tomorrow's digital winners and to release the full potential of human employees through the smart application of artificial intelligence and automation technology. The company's disruptive, hyper-automation solutions allow customers to automate workprocesses where free-text, natural language emails, documents, or chat are the information carriers. Its Emailbot can automate the handling of up to 80% of the inquiries in an average customer service center.Simplifai was established in 2017 and is headquartered in Oslo, Norway.
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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: 117
  • 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

  • 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.
  • Actithera — Actithera is a molecular radiotherapeutic company that develops radioligand therapies. It translates medicinal chemistry insights into new radioligand therapies (RLTs) and applies various molecular design strategies, including covalent targeting and an isotope-agnostic philosophy, to invent RLTs with significant differentiation and largertherapeutic windows.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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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, SaaS, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 27
  • 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

  • IntuiCell — IntuiCell develops a fundamentally new recursive computing architecture and associated technology platform.
  • 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.
  • Take Take Take — Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement.
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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
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 21
  • Round size: Seed $1.2M–$5.6M; Pre-Seed $93k–$2.8M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Qurrent — Qurrent provides intelligent software solutions that optimize, regulate, and automate the trading of decentralized renewable energy assets.
  • Economic Mind — Economic Mind provides a bottom-up digital twin of the global economy. Access insights for over 100.000 markets, 10 million companies, 250 countries and 1000+ industries using the Economic Mind Strategy Portal.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
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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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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: 36
  • Round size: Seed $525k–$3.5M; Pre-Seed $500k–$1.6M; Series A $3.5M–$33M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Quash — Quash is a developer tool built to automate the bug reporting process by capturing screenshots, recordings, crash logs, and more.
  • Flo Mobility — Flo Mobility builds an autonomous technology for electric two-wheelers vehicles. Flo Mobility was founded in 2018 and was headquartered in Banglore, India.
  • Wingman — Let Wingman help your team close sales faster with real-time coaching, custom cue cards, objection handling and the best conversation intelligence.
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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 3 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: 16
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $660k–$2M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Catchwise — Fyll kvota mer effektivt. Finn den riktige fisken, med mindre tid og diesel.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
  • 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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Access 48,091 investors

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

Browse database — It's Free!
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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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: 18
  • Round size: Seed $500k–$5.5M; Series A $4.9M–$9M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
  • 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.
  • Take Take Take — Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement.
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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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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: Energy, Renewable Energy, Solar
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 30
  • Round size: Post-IPO Debt $89M–$3B; Debt Financing $94M–$620M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • BW LPG — BW LPG is a logistics and transportation company that uses a fleet of maritime ships to carry liquefied petroleum gas. In houses, agriculture, transportation, and the chemical industry, liquefied petroleum gas is employed. The business is divided into two primary divisions: shipping and product services. Both buy and sell liquid petroleum gas andprovide delivery to consumers.
  • Capsol Technologies ASA
  • Pacific Energy — Our innovative energy solutions are transforming the way power is generated, delivered, and managed across the nation.
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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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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, Manufacturing
  • Stage:Seed, Series A
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 36
  • Round size: Seed $744k–$6.6M; Series A $4.9M–$5.6M
  • 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 — Wanda.space is a technology and logistics start-up delivering space as a service.
  • 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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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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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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KOMPAS VC
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Norway Artificial intelligence startups

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, Sustainability
  • Stage:Series A, Seed, Series B
  • Geography: Israel, Germany, United States

Investor stats

  • Total investments: 32
  • Round size: Seed $2.1M–$12M; Series A $5.5M–$43M; Series B $2.8M–$70M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • NeoLogic (VLSI) — NeoLogic was founded to address the increasing workloads of video, artificial intelligence, machine learning, data analytics, and more in the cloud and at the edge. we developer a unique technology that cuts down the transistor count of circuits by a factor of up to 3x at any technology node.
  • Makersite — AI, data and apps for procurement, product design and expert teams to make faster sustainable product and supply chain decisions, at scale.
  • Epoch Biodesign — Mellizyme Biotechnology is currently operating in stealth.
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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: 314
  • Round size: Seed $2.4M–$15M; Series A $4M–$36M; Series B $6.7M–$95M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Sqore — Smart Recruitment - Automate the process between your job ad and the first interview.Increase screening efficiencyEfficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates.Deepen candidate engagementEngage today’s generation of candidates through rewarding experiencesand allow them to get insights into your company before the interview.Lower your hiring costsWe don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.
  • Labster — Labster empowers educators to reimagine their science courses with immersive online simulations. Request a demo to discover how Labster engages students, trains lab skills, and accelerates learning.
  • Katana — Katana gives thousands of manufacturers a live look at their business with visual, intuitive, and easy-to-use ERP software.
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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: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • 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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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–$5.5M; Pre-Seed $439k–$2.1M; Series A $3.8M–$18M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • MVision AI — AI-powered solutions that automate repetitive tasks, enable efficient radiotherapy workflows, and promote consistency across clinical processes.
  • Quantrol Ox — Building Machine Learning Based Software for Quantum Control with a goal to maximise quantum computer uptime.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
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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: 71
  • Round size: Seed $118k–$3.6M; Grant $42k–$1.7M
  • Lead/follow: 44% lead, 56% 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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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 2 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: 92
  • Round size: Seed $900k–$8M; Pre-Seed $1.1M–$2.7M; Series A $3.3M–$37M
  • Lead/follow: 47% lead, 53% 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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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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Farvatn Venture
VC Fund · 2 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, Health Care, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Norway, United States, Iceland

Investor stats

  • Total investments: 11
  • Round size: Seed $1.5M–$7.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
  • 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.
  • Evari — Advanced manufacturer of next-gen turbocompressors, driving breakthrough heat pump performance
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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: 86
  • Round size: Seed $219k–$2.1M; Pre-Seed $110k–$4.4M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • 10Lines — Explore cutting-edge pavement marking robots for faster, autonomous striping and significant CO2 reduction. Contact us now!
  • CooliBlade — Superior power electronics cooling solutions for applications like solar and wind energy, energy storage, EV charging and telecommunications.
  • 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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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: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Angel, Seed
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 13
  • Round size: Pre-Seed $74k–$1.8M
  • Lead/follow: 23% lead, 77% 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.
  • Ankor — Ankor is a platform of actionable data for business owners. Quit straying. Begin construction.
  • 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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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: 129
  • Round size: Seed $1.1M–$11M; Series A $6.8M–$47M
  • 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.
  • Starpath Robotics — Making fully reusable missions to the Moon and Mars possible.
  • Niobium Microsystems — The encrypted cloud has arrived.
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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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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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Adolfsen Group
VC Fund · 1 investments in Norway Artificial intelligence startups

The Adolfsen Group is a group of companies in which Kristian Adolfsen and Roger Adolfsen are shareholders. The Group invests across a wide range of sectors, many of which having a link to its origins within hotel operations.

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Investment focus

  • Industry: SaaS, Payments, Robotics
  • Stage:Series A, Series B
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Semine — The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)
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Marius Barhaugen
Angel · 1 investments in Norway Artificial intelligence startups

Marius Barhaugen

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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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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Artificial intelligence startups

Venture capital firm focused on tech startups.

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Investment focus

  • Industry: Software, Information Services, Renewable Energy
  • Stage:Seed, Pre-Seed
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • 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.
  • Cubit — No more old-school and time consuming applications made in the 90s. Welcome to the new generation of professional software, as user-friendly and smooth as your smartphone.
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Invest Northern Ireland
VC Fund · Belfast, Belfast, United Kingdom · 1 investments in Norway Artificial intelligence startups

Invest Northern Ireland is Northern Ireland's economic development agency. Their overall goal is to help create wealth for the benefit of the whole community by strengthening the economy and helping it grow.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Grant, Seed
  • Geography: United Kingdom, United States, Ireland

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • TruCorp — TruCorp: Your source for lifelike Medical Training Equipment. Explore our intubation manikins & airway trainers. Request a free demo today!
  • Signum Surgical — Founded in 2014 by Eoin Bambury and Moshe Zilversmit, Signum Surgical is a medtech platform striving to develop technology that could cure perianal fistula. Bambury and Zilversmit, who met on the BioInnovate Ireland programme at NUI Galway, recognised a lack of innovation surrounding the treatment of perianal fistulas (small tunnels that developbetween the end of the bowel and the skin near the anus). The device developed by Signum Surgical is implanted post-surgery to prevent reinfection and to allow a faster healing process.
  • CV6 Therapeutics — CV6 Therapeutics is a drug development company focused on the discovery, development and commercialization of novel therapies for the treatment of human diseases.
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Artificial intelligence startups, 7 in the past 12 months

European early-stage venture capital fund backed 100% by founders. Helping Pre-Seed and Seed SaaS, Marketplaces & Platforms with their Go-To-Market.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Germany, Belgium

Investor stats

  • Total investments: 81
  • Lead/follow: no public data

Portfolio highlights

  • Frontnow — Frontnow is redefining e-commerce with AI, providing businesses with powerful pre-sales tools to maximize core KPIs and provide an in-store-like shopping experience. Our vision is to transform online shopping into a dynamic, hyper-personalized, and inspirational experience through an adaptive interface. By revolutionizing the ecosystem, theyempower businesses to thrive in the digital age and significantly impact the way customers shop online, leading to a more profitable and customer-centric retail world.
  • Neople — Every employee deserves an assistant. Meet the Neople, and increase your productivity simply by starting a conversation with them. Trained on your documents, available in your pocket.
  • HealthSage AI — Open source generative AI platform fully dedicated to healthcare
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Chris Murphy
Angel · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Artificial intelligence startups

Chris Murphy is a Venture Partner at MS&AD Ventures. He previously worked at SaaStock and attended Dublin City University.

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Investment focus

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

Investor stats

  • Total investments: 38
  • Lead/follow: no public data

Portfolio highlights

  • Equipme — Gear up your teams to do their best work with Equipme. Simplify asset and cost management, and partner with best-in-class service providers for seamless service delivery.
  • Plain. — Fast, modern and flexible customer support for the companies defining the next decade. Instant setup, seamless to integrate, and built API-first.
  • All Gravy — Butter gives you happier employees, by reducing their financial stress and giving them an understanding of their salary and financial situation
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Bogomil Balkansky
Angel · San Francisco, California, United States · 1 investments in Norway Artificial intelligence startups

Bogomil Balkansky is a Partner at Sequoia Capital. He started his career as a management consultant at McKinsey & Company. Bogomil holds a bachelor of arts in Mathematics from Cornell University and an MBA from Stanford Graduate School of Business.

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Investment focus

  • Industry: Software, Enterprise Software, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Israel, Bulgaria

Investor stats

  • Total investments: 46
  • Lead/follow: no public data

Portfolio highlights

  • Cortex — Cortex makes it easy for engineering organizations to gain visibility into their services and deliver high quality software.
  • Cortex — Cortex makes it easy for engineering organizations to gain visibility into their services and deliver high quality software.
  • Stoke — Fiverr Enterprise is a SaaS platform which helps companies source, onboard, manage, and pay your freelance talent legally and compliantly.
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Coalition for Epidemic Preparedness Innovations
VC Fund · Washington, District of Columbia, United States · 1 investments in Norway Artificial intelligence startups

CEPI is a global partnership working to accelerate the development of vaccines and other biologic countermeasures against epidemic and pandemic

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Grant, Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • aVaxziPen — Thermally Stable Solid Dose Needle Free Vaccines
  • Aspen Pharmacare — Aspen is a global specialty and branded multinational pharmaceutical company with a presence in both emerging and developed markets
  • NEC OncoImmunity AS — NEC OncoImmunity AS is an artificial intelligence (AI) driven biotech company offering proprietary machine-learning based software, which addresses the key knowledge gaps in the prediction of bona fide immunogenic antigens for personalized cancer immunotherapy and infectious disease vaccines.
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Nordic Impact
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Nordic Impact invests in, supports, and builds businesses and funds based around technology. The company's goal is to make impact investing mainstream and mobilize all business and capital towards solving the big problems in the world while making great financial returns.

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Investment focus

  • Industry: Chemical, Life Science, Visual Search
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Iris.ai — AI for scientific text understanding - Smart search, reading list analysis, auto-generated summaries, data extraction, chatbot with references.
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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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Superorganism
VC Fund · New York, New York, United States · 1 investments in Norway Artificial intelligence startups

Superorganism is a venture fund for biodiversity.

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Investment focus

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

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
  • Rosy Soil — Crafted for the specific needs of indoor plants, this blend contains all-natural, renewable ingredients that optimize drainage, deliver plant-boosting nutrients, and support a diverse community of beneficial fungi and microbes.
  • Ulysses Ecosystem Engineering — Ulysses rewild the ocean and remove gigatons of carbon, contributing to global efforts to combat climate change and restore marine ecosystems.
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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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