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Top 50 Artificial Intelligence VC Funds & Investors in Norway (June 2026)

The most active venture capital funds 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
Antler
VC Fund
8 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Alliance VC
VC Fund
8 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics $1.3M–$24M
Investinor
VC Fund
5 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
Idekapital
VC Fund
5 Norway, United Kingdom Seed, Series A Software, Information Technology, SaaS $168k–$14M
SNÖ Ventures
VC Fund
5 Norway, Sweden, United States Seed, Pre-Seed, Series A Software, SaaS, Information Technology $1M–$59M
Stratel
VC Fund
4 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Arkwright X
VC Fund
4 Norway, Sweden Seed, Pre-Seed Software, SaaS, Energy $93k–$5.6M
Arali Ventures
VC Fund
3 India, United States, Norway Seed, Series A, Pre-Seed Artificial Intelligence, Software, B2B $500k–$33M
MP Pensjon
VC Fund
3 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
DNB
VC Fund
3 Norway, Sweden, Denmark Post-IPO Debt, Debt Financing Energy, Renewable Energy, Solar $89M–$3B
Sondo Capital
VC Fund
3 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $660k–$5.1M
Construct Venture
VC Fund
3 Norway, Spain Seed, Series A Software, Information Services, Information Technology $2.2M–$25M
ProVenture
VC Fund
3 Norway, United States, India Seed, Series A Software, Oil and Gas, Manufacturing $744k–$6.6M
Kistefos Venture Capital
VC Fund
3 Norway, Singapore, Sweden Seed, Series A Software, SaaS, FinTech $700k–$16M
Concentric
VC Fund
3 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin $1.1M–$225M
Innovation Norway
VC Fund
2 Norway, Romania, Sweden Grant, Seed Software, Information Technology, SaaS $42k–$3.6M
Voima Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$18M
Northzone
VC Fund
2 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$95M
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
Simula Innovation
VC Fund
2 Norway Pre-Seed Software, Machine Learning, Artificial Intelligence
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.4M
Fusion Fund
VC Fund
2 United States, Canada, India Seed, Series A Artificial Intelligence, Software, Machine Learning $1.1M–$47M
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
Maki.vc
VC Fund
2 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $900k–$37M
TRK Group
VC Fund
2 Norway, Kenya Pre-Seed, Seed SaaS, Artificial Intelligence, Internet $400k–$510k
Farvatn Venture
VC Fund
2 Norway, United States, Iceland Seed, Series A Software, Health Care, Artificial Intelligence $1.5M–$7.5M
Alliance Ventures
VC Fund
1 Norway, United States, China Series B, Series C, Series A Software, Artificial Intelligence, Automotive
Luminar Ventures
VC Fund
1 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS
Wiski Capital
VC Fund
1 Norway, Sweden Seed, Pre-Seed Software, Information Services, Renewable Energy
Promentum Equity Partners
VC Fund
1 Norway Video, Mobile, Big Data
Bakken & Baeck
VC Fund
1 Norway Seed, Angel Chemical, Software, Life Science
CapitalOven
VC Fund
1 India, United States, Spain Series A, Seed, Pre-Seed Artificial Intelligence, Software, Information Technology
Beat Ventures
VC Fund
1 United States, Norway Seed Software, Artificial Intelligence, Machine Learning
Aidiom
VC Fund
1 Norway Pre-Seed, Series A Software, Recycling, Construction
Norrsken VC
VC Fund
1 Sweden, Germany, United Kingdom Seed, Series A Software, Food and Beverage, Health Care
Futurum Ventures
VC Fund
1 Sweden Pre-Seed Energy, Renewable Energy
Haga Ventures
VC Fund
1 Norway Pre-Seed Software, Geospatial, Computer Vision
SPRINGfondet
VC Fund
1 Norway Seed Software, Database, Hardware
VNTRS
VC Fund
1 Norway Pre-Seed SaaS, Software, Data Center
Spintop Ventures
VC Fund
1 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS
H2O Holding AS
VC Fund
1 Norway Pre-Seed Software, Health Care, Life Science
Lekh Corp AS
VC Fund
1 Norway Pre-Seed Software, Health Care, Life Science
ERM Invest
VC Fund
1 Norway Pre-Seed Software, Health Care, Life Science
Scribble Ventures
VC Fund
1 United States, Mexico, India Seed, Series A, Pre-Seed Software, Information Technology, SaaS
Melesio Capital
VC Fund
1 Norway Series A Software, Machine Learning, Artificial Intelligence
Tiny Supercomputer Investment Company
VC Fund
1 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology
Miramar Digital Ventures
VC Fund
1 United States, Norway Series A, Seed, Series B Software, Artificial Intelligence, Machine Learning
Access all 50 VC funds in Norway Artificial intelligence startups.

Access 48,091 investors

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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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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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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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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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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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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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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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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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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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.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Alliance Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Artificial intelligence startups

Alliance Ventures is a strategic venture capital fund of Renault-Nissan-Mitsubishi, the world’s largest automotive alliance. The fund, launched in 2018 and co-located in Amsterdam, Silicon Valley, Paris, Yokohama, Beijing, and Tel Aviv, plans to invest up to $1 billion in its first five years to support open innovation. Alliance Ventures targetstechnology and business model innovation in new mobility, autonomous driving, connected services, EV & energy, and enterprise 2.0. By drawing on expertise and business opportunities from across the world’s largest automotive alliance, the fund makes strategic investments at all start-up stages and incubates new automotive entrepreneurs at the cutting edge of next-generation systems for the automotive industry. Alliance Ventures is aligned with the objectives of “Alliance 2022”, Renault-Nissan-Mitsubishi’s midterm plan which aims to strengthen cooperation and double the annualized synergies generated by Renault, Nissan, and Mitsubishi Motors to more than €10 billion.

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Investment focus

  • Industry: Software, Artificial Intelligence, Automotive
  • Stage:Series B, Series C, Series A
  • Geography: Norway, United States, China

Investor stats

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

Portfolio highlights

  • Otonomo — Otonomo fuels a data ecosystem of OEMs, fleets, and more than 100 service providers. Our platform securely ingests more than 4 billion data points per day globally from over 40 million vehicles licensed on the platform, then reshapes and enriches it, to accelerate time to market for new services that improve the in-and-around the car experience.Privacy by design and neutrality are at the core of our platform, which enables GDPR, CCPA, and other privacy-regulation-compliant solutions using both personal and aggregate data. Use cases include emergency services, mapping, EV management, subscription-based services, parking, predictive maintenance, insurance, media, in-vehicle services, traffic management, and smart city solutions.
  • 1X — At Halodi Robotics we are passionate about robots. Our mission is to bring capable humanoid robots to everyone. We develop safe, capable and affordable robots that help human beings live better lives!
  • 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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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Artificial intelligence startups, 8 in the past 12 months

Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.

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Investment focus

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

Investor stats

  • Total investments: 57
  • Lead/follow: no public data

Portfolio highlights

  • ReCarber — Commercializing carbon removal projects. ReCarber matches emitters with off-takers, orchestrates financing, and commercially develops BECCS / bio-CCS projects.
  • Motorica — Craft AAA animation in minutes with our Generative AI mocap actor. No capture. No cleanup. Just animate.
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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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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Promentum Equity Partners
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Artificial intelligence startups

We are building outstanding technology businesses and investments. We back ambitious entrepreneurs in making real and lasting impact with their business ideas. We invest in companies with strong value propositions, significant market potential, and passionate entrepreneurs.

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Investment focus

  • Industry: Video, Mobile, Big Data
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Movi — Movi is building a new canvas for creation and ownership of web 3.0 visual content.
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Bakken & Baeck
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

A technology-driven design studio. Building digital products, brands and businesses, we help ambitious companies identify, explore and respond to new opportunities.

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Investment focus

  • Industry: Chemical, Software, Life Science
  • Stage:Seed, Angel
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Versor — Versor develops software necessary for true autonomous drone flight both indoors and outdoors, enabling complete automation of industrial drone operations. They believe this level of automation requires superior localization, which is particularly difficult to achieve indoors and in GPS-denied areas. By removing the need for pilots, entire fleetsof drones may be supervised remotely, enabling true scalability of drone operations across various applications.
  • 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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Beat Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway Artificial intelligence startups

Beat Ventures invests in people-centered technology companies reshaping the future of work.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Truewind — Using AI to power bookkeeping & finance means less errors, more transparency, and faster monthly close
  • Middleware — Middleware's observability platform gives you complete visibility into your tech stack to monitor and diagnose issues at scale with total control over your data.
  • Central Casting AI — Central Casting AI provides game developers of any level with pre-trained non-player characters for games. Using generative AI and automated planners, characters come with intelligence, behaviors, and dialogue; can interact with objects in the world and dynamically converse with each other; and can be dropped into any game engine or user-generatedcontent (UGC) platform.
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Aidiom
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Aidiom is an early stage deeptech investor providing seed and venture capital to applied AI enterprise software startups in Europe.

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Investment focus

  • Industry: Software, Recycling, Construction
  • Stage:Pre-Seed, Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • PARTORY — PARTORY simplifies sourcing custom metal parts with 8,000+ machines across Europe. Manage orders and inquiries easily in our app.
  • Intelecy — Turn your data into valuable insight for process optimization and achieve sustainable production. By using Intelecy, you can build your own powerful no-code machine learning models in minutes without a single line of code!
  • Aevy — Turn your renewable asset documents into profitable decisions
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Artificial intelligence startups

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Industry: Software, Food and Beverage, Health Care
  • Stage:Seed, Series A
  • Geography: Sweden, Germany, United Kingdom

Investor stats

  • Total investments: 93
  • Lead/follow: no public data

Portfolio highlights

  • trawa — The partner for renewable and affordable electricity for businesses. Get electricity directly from solar and windparks with corporate PPAs.
  • Sunsave — Save money on your bills and gain energy independence with Sunsave solar panel and battery solutions. Get a free quote today.
  • Ankar AI — Your AI Operating System for Patents
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Futurum Ventures
VC Fund · 1 investments in Norway Artificial intelligence startups

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

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Investment focus

  • Industry: Energy, Renewable Energy
  • Stage:Pre-Seed
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
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Haga Ventures
VC Fund · 1 investments in Norway Artificial intelligence startups

Haga Ventures is a investment firm.

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Investment focus

  • Industry: Software, Geospatial, Computer Vision
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Atlas — Build field collection apps, maintenance dashboards, and project trackers without GIS complexity. No-code map-based tools for operational teams.
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SPRINGfondet
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Springfondet is a seed capital fund located at Oslo Innovation Center in Oslo, Norway. The fund invests in technology startups across a broad range of industries.

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Investment focus

  • Industry: Software, Database, Hardware
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Promon — Promon is an app security firm specializing in In-App Protection / Application Shielding. Our solutions focus largely on runtime protection (malware protection), code integrity protection (obfuscation), and securing sensitive app data and assets. The company works across a range of industries with a variety of global Tier 1 clients, countingcustomers in industries such as finance, health, and the public sector. Promon’s technology is research-based and originates from the internationally recognized research environments at SINTEF and the University of Oslo. Promon’s patented deep protection technology Promon SHIELD™ has protected apps and applications used by more than 100 Mill users since 2009. Promon AS is a Norwegian limited company registered in 2006, with offices in Asia, the US, Germany, the UK, and India. The head office is in Oslo, Norway.
  • Swarm64 — Accelerate PostgreSQL Performance
  • Kappa Bioscience — Kappa Bioscience is the pioneer in development and production of the only synthetic and biologically active all-trans menaquinone-7 (vitamin K2 MK-7), marketed under the K2VITAL® brand name. Kappa’s innovation of MK-7 synthesis marks the commercial milestone where this fat-soluble vitamin can begin to attain widespread consumer adoption. Effectivesynthesis production drives scalability, price reduction and a secure supply chain - with unmatched ingredient purity and documentation. Combined with other Kappa innovations such as the patented DELTA® microencapsulation process, which provides K2 stability in mineral formulations, K2VITAL® offers brands and manufacturers a path to broader market segments. Kappa Ingredients GmbH, a wholly owned division of Kappa Bioscience, manages global sales of the K2VITAL® and other product lines directly and through a network of global distributors.Kappa Ingredients GmbH, a wholly owned division of Kappa Bioscience, manages global sales of the K2VITAL® and other product lines - Ingredients and services related to Bones, Joints and Cardiovascular Health - directly and through a network of global distributors. Main products are Vitamin K2 - K2VITAL®, Calcified Atlantic Seaweed®, The Bone Health Triangle®.
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VNTRS
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Artificial intelligence startups

We're a tightly-knit venture studio looking for more people who can join us on our journey toward turning more good ideas into great ventures. Ventures that can make the world a better place.

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Investment focus

  • Industry: SaaS, Software, Data Center
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Aimy — Aimy is your personal AI assistant who ensures optimal staffing using artificial intelligence.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Artificial intelligence startups, 6 in the past 12 months

Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies.

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Investment focus

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

Investor stats

  • Total investments: 66
  • Lead/follow: no public data

Portfolio highlights

  • Embedl AB — Efficient Deep Learning by Deep Learning model optimization
  • VISS.AI — Talk to your apps and automate tasks
  • Impulso — Seamless product tracking. We help brands, agencies and suppliers increase sell-through, reduce administration and create a more sustainable retail landscape.
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H2O Holding AS
VC Fund · 1 investments in Norway Artificial intelligence startups

Investment

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Investment focus

  • Industry: Software, Health Care, Life Science
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Aurora Analytica — Founded in February 2023 and incorporated in January 2024, Aurora Analytica is a pioneering health technology company dedicated to optimizing the clinical trial lifecycle and accelerating the development of new treatment options. Our AI-powered platform provides strategic insights, site intelligence, and data-driven tools that enable biotech andpharmaceutical companies to design faster, smarter trials. A single platform that brings together essential assessments, the Aurora Suite™ consists of eleven interconnected modules that function collaboratively within a comprehensive analytics environment. Built on over 30 years of industry expertise, Aurora Analytica bridges the gap between innovation and execution—reducing costs, improving accuracy, and ultimately helping bring better therapies to patients, faster.
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Lekh Corp AS
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Investment Company

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Investment focus

  • Industry: Software, Health Care, Life Science
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Aurora Analytica — Founded in February 2023 and incorporated in January 2024, Aurora Analytica is a pioneering health technology company dedicated to optimizing the clinical trial lifecycle and accelerating the development of new treatment options. Our AI-powered platform provides strategic insights, site intelligence, and data-driven tools that enable biotech andpharmaceutical companies to design faster, smarter trials. A single platform that brings together essential assessments, the Aurora Suite™ consists of eleven interconnected modules that function collaboratively within a comprehensive analytics environment. Built on over 30 years of industry expertise, Aurora Analytica bridges the gap between innovation and execution—reducing costs, improving accuracy, and ultimately helping bring better therapies to patients, faster.
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ERM Invest
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Investment Company

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Investment focus

  • Industry: Software, Health Care, Life Science
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Aurora Analytica — Founded in February 2023 and incorporated in January 2024, Aurora Analytica is a pioneering health technology company dedicated to optimizing the clinical trial lifecycle and accelerating the development of new treatment options. Our AI-powered platform provides strategic insights, site intelligence, and data-driven tools that enable biotech andpharmaceutical companies to design faster, smarter trials. A single platform that brings together essential assessments, the Aurora Suite™ consists of eleven interconnected modules that function collaboratively within a comprehensive analytics environment. Built on over 30 years of industry expertise, Aurora Analytica bridges the gap between innovation and execution—reducing costs, improving accuracy, and ultimately helping bring better therapies to patients, faster.
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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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Melesio Capital
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Artificial intelligence startups

Melesio Capital is a investment firm.

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Investment focus

  • Industry: Software, Machine Learning, Artificial Intelligence
  • Stage:Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Memory — Memory crafts tools for a better future of work. Do your best work by design with Timely, Dewo and Glue.
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Tiny Supercomputer Investment Company
VC Fund · San Francisco, California, United States · 1 investments in Norway Artificial intelligence startups

Backing great companies when they're tiny

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Investment focus

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

Investor stats

  • Total investments: 149
  • Lead/follow: no public data

Portfolio highlights

  • Along AI — Join our waitlist and try it first!
  • IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
  • Motley — Manual reporting costs business teams 2.4 billion hours a year. Get your time back with Motley, your AI reporting assistant.
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Miramar Digital Ventures
VC Fund · Corona Del Mar, California, United States · 1 investments in Norway Artificial intelligence startups

Miramar Digital Ventures (MDV) is a seed and early-stage fund uniquely focused on investing in the most promising founders and market disruptive ideas in the Modern Mobile sector. MDV is a new sector specific fund from the Miramar family of funds. They are located in Newport Beach, California and Park City, Utah and They invest in companies acrossNorth America.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Globus.ai — Cover up to 40% more shifts, every day, with our self-learning, AI-based, workforce management software. Book your free trial today.
  • NetRise — NetRise - firmware security, software bill of materials (SBOM), and deep risk visibility for manufacturers and asset owners alike.
  • NumberOne AI — NumberOne AI is a startup that applies Artificial Intelligence (AI) and Machine Learning (ML) to broad global challenges.
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