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Top 50 Artificial Intelligence VC Funds & Investors in Norway (November 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
Antler
VC Fund
30 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Skyfall Ventures
VC Fund
13 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Investinor
VC Fund
9 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
Alliance VC
VC Fund
9 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
SNÖ Ventures
VC Fund
7 Norway, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Machine Learning $978k–$5.5M
Sondo Capital
VC Fund
7 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Artificial Intelligence, Analytics $600k–$16M
Stratel
VC Fund
6 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Maki.vc
VC Fund
6 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $578k–$37M
Idekapital
VC Fund
6 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $210k–$90M
Farvatn Venture
VC Fund
6 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$8M
ProVenture
VC Fund
5 Norway, United States, India Seed, Venture - Series Unknown Software, Oil and Gas, Information Technology $754k–$4M
Arkwright X
VC Fund
5 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
TRK Group
VC Fund
5 Norway, Kenya Pre-Seed, Seed Software, SaaS, Machine Learning $159k–$2M
DTCP
VC Fund
5 United States, Germany, Israel Series C, Series B, Venture - Series Unknown Software, Information Technology, SaaS $2M–$177M
OBOS Ventures
VC Fund
4 Norway, Denmark Seed, Pre-Seed Artificial Intelligence, Software, Property Management $501k–$6.3M
Sequoia Capital
VC Fund
4 United States, China, India Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $1.2M–$100M
Kistefos Venture Capital
VC Fund
4 Norway, Singapore, Sweden Seed, Series A Software, Financial Services, SaaS $700k–$16M
Concentric
VC Fund
4 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin $878k–$225M
Construct Venture
VC Fund
4 Norway, Spain Seed, Series A, Venture - Series Unknown Artificial Intelligence, Software, Information Services $2.1M–$25M
Level39
VC Fund
3 United Kingdom, Norway, United States Seed, Pre-Seed Financial Services, Information Technology, FinTech $400k–$1.5M
MP Pensjon
VC Fund
3 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Momentum
VC Fund
3 Norway, Finland, United Kingdom Seed, Venture - Series Unknown, Series A Software, Renewable Energy, Energy $401k–$18M
Innovation Norway
VC Fund
3 Norway, Romania, Sweden Grant, Seed, Debt Financing Software, Information Technology, Artificial Intelligence $48k–$134M
Atomico
VC Fund
3 United Kingdom, United States, Germany Series A, Series B, Series C Software, Artificial Intelligence, Information Technology $5.2M–$300M
Visionaries Club
VC Fund
3 Germany, United Kingdom, United States Seed, Series A, Series B Software, Artificial Intelligence, SaaS $2.7M–$111M
Arali Ventures
VC Fund
3 India, United States, Norway Seed, Series A, Pre-Seed Artificial Intelligence, Software, B2B $550k–$36M
Valinor AS
VC Fund
3 Norway, United Kingdom Seed, Series A Energy, Robotics, Software $1.8M–$3.1M
OBOS Forsikring
VC Fund
3 Norway Seed, Series A Real Estate, Information Technology, Software $766k–$4M
LocalGlobe
VC Fund
3 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$30M
Simula Innovation
VC Fund
3 Norway Pre-Seed, Seed, Series A Machine Learning, Artificial Intelligence, SaaS $250k–$826k
DNB
VC Fund
3 Norway, Sweden, United States Post-IPO Debt, Debt Financing, Venture - Series Unknown Renewable Energy, Energy, Oil and Gas $240k–$1.5B
Altitude Capital
VC Fund
2 Norway, Sweden, United Arab Emirates Series A, Seed, Pre-Seed Artificial Intelligence, Advertising, Health Care $627k–$8.4M
Aidiom
VC Fund
2 Norway, Hungary, Czech Republic Seed, Pre-Seed, Series A Software, Solar, Industrial $590k–$7M
Futurum Ventures
VC Fund
2 Norway, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Energy $4M–$5M
Superorganism
VC Fund
2 United States, Norway, Sweden Seed, Pre-Seed, Series A Software, Machine Learning, Artificial Intelligence $2M–$8M
Curiosity VC
VC Fund
2 The Netherlands, Finland, Sweden Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $793k–$11M
Northzone
VC Fund
2 United States, Sweden, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, FinTech $2.4M–$100M
Middelborg
VC Fund
2 Norway Pre-Seed Food Processing, Machine Learning, Artificial Intelligence
Herfo
VC Fund
2 Norway Seed CMS, Content, Digital Media
Shine Capital
VC Fund
2 United States, Israel, Spain Seed, Series A, Series B Software, Artificial Intelligence, FinTech $3.6M–$71M
Melesio Capital
VC Fund
2 Norway Seed, Series A Software, Machine Learning, Artificial Intelligence
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed, Venture - Series Unknown Software, Health Care, Information Technology $110k–$6M
Wiski Capital
VC Fund
2 Norway, Sweden Seed, Venture - Series Unknown, Pre-Seed Software, Energy, Renewable Energy $740k–$8.3M
Smart Innovation Norway
VC Fund
2 Norway Pre-Seed Food Processing, Machine Learning, Artificial Intelligence
Awilhelmsen Capital
VC Fund
2 Norway Seed, Debt Financing FinTech, Finance, Software
Nordic Green Capital
VC Fund
2 Norway Pre-Seed Water, Big Data, Analytics $159k–$162k
2M2D
VC Fund
2 Norway Seed, Angel Apps, Credit, Rental
KOMPAS VC
VC Fund
2 United States, Israel, Germany Seed, Series A, Series B Software, Construction, Information Technology $2.1M–$70M
Skagerak Maturo
VC Fund
2 Norway Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.1M–$7.5M
Alumni Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Health Care $850k–$75M
Access all 230 VC funds 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

Antler
VC Fund · Singapore, Central Region, Singapore · 30 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: United States, Singapore, Australia

Investor stats

  • Total investments: 2394
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$611k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is the AI platform for medical education: expert-led, case-based 5-minute modules HCPs love, built in hours and measured for behaviour change.
  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Plouton AI —
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 13 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, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 65
  • Round size: Seed $1.2M–$6.1M; Pre-Seed $350k–$3.3M; Venture - Series Unknown $1.1M–$1.6M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $29M in 2022

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • CYBRET AI — Continuous Black, Grey, and White box pentesting. Cover authorized targets, prove exploitable findings with replay evidence, and ship the fix.
  • Volve — AI for construction tendering: contract review, quantity take-off, scope review, bid development and offer comparison. Every finding traced to source.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 9 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:Venture - Series Unknown, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 134
  • Round size: Series A $2.3M–$25M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $274M in 2011

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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.
  • Muybridge — Muybridge builds real-time, software-defined cameras. Be anywhere: capture, replay and navigate live action from any angle, with zero latency.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 9 investments in Norway Artificial intelligence startups, 7 in the past 12 months

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

Investor stats

  • Total investments: 89
  • Round size: Seed $1.4M–$5M; Pre-Seed $970k–$4M; Series A $3.6M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $47M in 2025

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Spiich Labs — AI for revenue teams that win on relationships. Spiich preps your meetings, updates your CRM and drafts follow-ups. Reps save 9+ hours every week.
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 7 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, Artificial Intelligence, Machine Learning
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 42
  • Round size: Seed $978k–$5.5M; Pre-Seed $2.8M–$4.5M; Venture - Series Unknown $1.3M–$5M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • MusicInfra — Organizing connections between recordings, compositions, and rightsholder claims to reduce friction and enable monetization. AI-powered recognition and matching solutions for the music industry.
  • Sindri — Sindri is a platform that helps the energy industry utilizing artificial intelligence, machine learning, and computer vision technologies.
  • Nolla Health — Scandinavian-inspired healthcare: a private AI health assistant backed by licensed U.S. physicians.
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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 7 investments in Norway Artificial intelligence startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $1.9M–$4.7M; Pre-Seed $600k–$5.7M; Series A $11M–$16M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Benford — Benford is a modern, licensed audit firm that provides technology-driven statutory audit services using its custom software, AuditOS.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Fronted — Fronted is a company that specialises in helping organisations scale by giving access to global talent in software development and related services.
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Stratel
VC Fund · Oslo, Oslo, Norway · 6 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: 11
  • Round size: Seed $320k–$3M; Pre-Seed $600k–$2M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Over Easy Solar — Prefabricated units with vertical bifacial solar panels for flat and green rooftops. The innovative photovoltaic solution from Over Easy Solar is unique, with quick and easy mounting for sedum roofs and flat roofs with low load-bearing capacity.
  • Inherit Carbon Solutions — Permanent carbon removal from organic waste, operational today. We capture biogenic CO2 and store it permanently under the North Sea.
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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 6 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: from their 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: 104
  • Round size: Seed $948k–$8.3M; Pre-Seed $578k–$2.7M; Series A $3.5M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $106M in 2024

Portfolio highlights

  • Aavuus — Aavuus is building a global network of ground-based laser stations to detect and track space debris with high precision.
  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
  • Volare — Refining food, beverage and agricultural sidestreams into protein, oil and fertilizers. Sustainable Black Soldier Fly Protein & Oil for Pet Food and Aquafeed from Finland.
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Idekapital
VC Fund · Oslo, Oslo, Norway · 6 investments in Norway Artificial intelligence startups

We manage two investment funds with more than 1 bn NOK under management. We invest in high-growth software and technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $210k–$4.4M; Series A $3.4M–$16M; Venture - Series Unknown $4M–$90M
  • Lead/follow: 40% lead, 60% 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.
  • 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.
  • Muybridge — Muybridge builds real-time, software-defined cameras. Be anywhere: capture, replay and navigate live action from any angle, with zero latency.
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Farvatn Venture
VC Fund · 6 investments in Norway Artificial intelligence startups

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

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Investment focus

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

Investor stats

  • Total investments: 85
  • Round size: Seed $1M–$8M; Pre-Seed $120k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • 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.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
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Access 48,091 investors

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

Browse database — It's Free!
ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway Artificial intelligence startups

ProVenture invest in young digital technology startups in Norway. ProVenture have three seed funds and more than a billion NOK under management. ProVenture is a member of Norwegian Venture Association (NVCA).

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Investment focus

  • Industry: Software, Oil and Gas, Information Technology
  • Stage:Seed, Venture - Series Unknown
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 41
  • Round size: Seed $754k–$4M; Venture - Series Unknown $1.6M–$3M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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Arkwright X
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Artificial intelligence startups

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

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Investment focus

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

Investor stats

  • Total investments: 23
  • Round size: Seed $878k–$5.8M; Pre-Seed $93k–$2.8M; Series A $4.8M–$15M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Soolv — AI that turns messy application documents into structured data - so you can instantly score candidates and reveal early patterns of success.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Qurrent — Qurrent provides intelligent software solutions that optimize, regulate, and automate the trading of decentralized renewable energy assets.
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TRK Group
VC Fund · 5 investments in Norway Artificial intelligence startups

An Oslo-based Advisory and Active Ownership Firm.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Pre-Seed, Seed
  • Geography: Norway, Kenya

Investor stats

  • Total investments: 9
  • Round size: Seed $620k–$2M; Pre-Seed $159k–$510k
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Relynk — Six AI agents that monitor, diagnose, and report on your buildings around the clock - built on your existing BMS data. Faults caught before tenants notice.
  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • 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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DTCP
VC Fund · Hamburg, Hamburg, Germany · 5 investments in Norway Artificial intelligence startups, 9 in the past 12 months

DTCP is an investment management firm focused on growth equity and digital infrastructure. Founded in 2015, the firm has raised more than $1 billion in funds from corporate and institutional investors and invested in over 60 companies. DTCP Growth invests in enterprise application and infrastructure software companies. DTCP Infra invests in mobileaccess, fiber, and data center infrastructure. DTCP is headquartered in Hamburg with offices in Menlo Park, Tel Aviv, and Seoul.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series C, Series B, Venture - Series Unknown
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 126
  • Round size: Series B $7.5M–$67M; Series C $10M–$177M; Venture - Series Unknown $2M–$31M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely actively investing — fresh fund, raised $58M in 2026

Portfolio highlights

  • Zenity — Zenity is the first and only governance and security platform for low-code/no-code applications. It creates a win-win environment where IT and information security can give business and pro developers the independence they want to move the business forward while retaining full visibility and control.
  • AppsFlyer — Unify measurement, deep linking, data collaboration, and AI across mobile, web, CTV, console and beyond. Make smarter decisions, optimize every channel, and prove impact with the platform built for modern marketing.
  • 6 Robotics OÜ — We exist to strengthen defence, protect nations, and deter conflict in an era defined by unmanned warfare.
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OBOS Ventures
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Artificial intelligence startups

OBOS Ventures is the corporate venture arm of OBOS, investing in bold founders and scalable technologies that shape the future of urban living. We back early-stage companies driving innovation in housing, sustainability, mobility, and community infrastructure—leveraging OBOS’ legacy and reach to accelerate impact.

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Investment focus

  • Industry: Artificial Intelligence, Software, Property Management
  • Stage:Seed, Pre-Seed
  • Geography: Norway, Denmark

Investor stats

  • Total investments: 6
  • Round size: Seed $2.5M–$4M; Pre-Seed $501k–$6.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Volve — AI for construction tendering: contract review, quantity take-off, scope review, bid development and offer comparison. Every finding traced to source.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 4 investments in Norway Artificial intelligence startups

We help the daring build legendary companies from idea to IPO and beyond.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, China, India

Investor stats

  • Total investments: 2614
  • Round size: Seed $1.2M–$14M; Series A $5M–$48M; Series B $11M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Skai — Skai is an AI-powered platform that offers consumer and market insights, strategic planning, omnichannel media activation, testing, and measurement services to brands and retailers. It is the go-to-market engine that enables smarter decisions and better outcomes with actionable intelligence in making customer connections. It includes a suite ofdata-driven products for market intelligence, omnichannel media activation, testing, and measurement, enabling brands and agencies to make predictions, improve strategic planning and drive growth on the most important customer channels.
  • Medallion — Provider credentialing and enrollment reimagined. Accelerate time-to-revenue, stay compliant, and scale provider operations, without adding headcount, through automated credentialing and enrollment.
  • Sourcepulse — Sourcepulse empowers engineering leaders to spot delays early, fix process bottlenecks, and confidently commit to deadlines.
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Kistefos Venture Capital
VC Fund · Oslo, Oslo, Norway · 4 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, Financial Services, SaaS
  • Stage:Seed, Series A
  • Geography: Norway, Singapore, Sweden

Investor stats

  • Total investments: 27
  • Round size: Seed $700k–$4M; Series A $3M–$16M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • fileAI — Automate and analyze any file with AI. fileAI builds proprietary AI components for complex agentic workflow automation.
  • 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.
  • PaperShell — PaperShell is building back paper into sustainable, load bearing natural fiber components. Using science, we reverse engineer paper back into high tech artificial 3D-wood components. Stronger than plastics, versatile like glass fibre and lighter than aluminium. Enabling our clients to switch materials in new or exciting products. Helping them makesubstantial GHG reduction and transition to a circular bio economy.
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Concentric
VC Fund · London, England, United Kingdom · 4 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: 98
  • Round size: Seed $878k–$5.8M; Series A $1.8M–$25M; Series B $1.7M–$225M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pockit — Open a prepaid account in 3 minutes online or in-app, get your contactless prepaid card in 2 working days with no credit check.
  • 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.
  • aeon.life — Preventive healthcare platform that equips people with personalized insights and expert guidance for proactive whole-body health
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Construct Venture
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Artificial intelligence startups

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

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway, Spain

Investor stats

  • Total investments: 10
  • Round size: Seed $2.1M–$6.3M; Series A $10M–$25M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • 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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Level39
VC Fund · London, England, United Kingdom · 3 investments in Norway Artificial intelligence startups

Level39 is the world's most connected tech community, consisting of 1,250 leaders in cybersecurity, fintech and retail tech.

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Investment focus

  • Industry: Financial Services, Information Technology, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, Norway, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $400k–$1.5M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • HarnessDI — HarnessDI is your partner in driving ambitious technology initiatives with the use of enterprise cloud solutions and data intelligence. Helping your business embed lean-agile frameworks, operational efficiency and RPA.
  • Deposit Planet — Deposit Planet is a commission-free mobile app that puts the interest back into your savings.1) you can open a term deposit in the most trusted banks from many foreign markets and earn the most attractive interest rates across the globe (even up to 6% pa).2) your money will be protected by multiple national deposit guarantee schemes3) allforeign term deposits are denominated in GBP, EUR or USD so you will never incur exchange currency risk4) you can distribute your savings across different banks, countries, and continents in the blink of an eye5) you can close your term deposits at any time (don’t need to freeze your money for the long term)Everything Hassle-free. Paperless. Directly from your phone.
  • RequirementONE Group — Platform to streamline regulatory change and digitise business processes with confidence. Awarded as a RegTech 100, ESG 100 and AI 100 global technology leader. Requirement1, ReqOne, R1
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Artificial intelligence startups

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

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $500k–$5.5M; Series A $4.8M–$9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
  • Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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Momentum
VC Fund · Bergen, Hordaland, Norway · 3 investments in Norway Artificial intelligence startups, 6 in the past 12 months

Momentum invests in companies with sustainability and climate impact at the heart of their business. We invest in innovative and ambitious teams, with a particular focus on the ocean industries, agriculture, renewables and construction/property (incl. energy efficiency). We typically enter in the seed stage, following our portfolio companies all the way through their scaling. We roll up our sleeves and contribute to the development of our companies, always based on aligned incentives. Momentum brings competence and involvement to the table, not only equity.

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Investment focus

  • Industry: Software, Renewable Energy, Energy
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Norway, Finland, United Kingdom

Investor stats

  • Total investments: 18
  • Round size: Seed $401k–$4.2M; Series A $8M–$18M; Venture - Series Unknown $1.2M–$10M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $37M in 2025

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • RENTICY LIMITED — Renticy provides an e-commerce and point-of-sale platform that enables retailers to offer rental and try-before-you-buy options on existing stock. The company supports online and in-store channels through plugins, APIs, and QR-based tools that add rental terms, deposits, and flexible billing into existing checkout flows. Its system managesbookings, customer onboarding, identity checks, fraud screening, payments, deposits, and real-time inventory for short-term and flexible rental models. Renticy offers built-in rental protection that helps merchants handle damage, loss, and non-returns within defined coverage limits. It also supports OWNit, a try-before-you-buy flow where customers trial items before deciding to purchase. The platform is used across categories such as electronics, fashion, musical instruments, and other consumer goods.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Artificial intelligence startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Seed, Debt Financing
  • Geography: Norway, Romania, Sweden

Investor stats

  • Total investments: 85
  • Round size: Seed $118k–$3.6M; Grant $48k–$2M; Debt Financing $239k–$134M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Jenz — Jenz is an AI-powered “agentic back office” for e-commerce and retail teams, connecting systems such as inventory, orders, ads, customer data, and finance to automate operations and provide insights through an AI agent.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Atomico
VC Fund · London, England, United Kingdom · 3 investments in Norway Artificial intelligence startups

Atomico invests in innovative technology companies around the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 272
  • Round size: Series A $5.2M–$30M; Series B $12M–$90M; Series C $24M–$300M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $1.1B in 2023

Portfolio highlights

  • CADDi — CADDi analyzes and connects manufacturing data fragmented across departments, locations, and systems, turning it into an enterprise asset. It uses AI to transform how manufacturers make decisions and execute work.
  • Betable — Betable is the world’s first platform that enables any developer to legally offer real-money play in their games and apps on any platform or device.Betable is licensed by the United Kingdom Gambling Commission and Alderney Gambling Control Commission to offer support and infrastructure to developers to legally integrate real-money gambling intotheir mobile and social games and applications.Betable provides world-leading security, fraud protection, player location, identity and age verification and account monitoring to keep players’ funds safe and to ensure responsible gaming.Betable was founded in 2008 in London, United Kingdom. It also is headquartered in San Francisco, California.
  • Scarlet — Scarlet certifies software medical devices. We’re Europe's only Notified Body specialised in software and AI, and have crafted a certification process that is built for software, and is thus significantly more efficient.This is how we deliver on our mission to hasten the world’s transition to accessible healthcare: by enabling manufacturersto release their medical software and AI to those who need it without unnecessary delays.We are designated as a UK Approved Body by the MHRA, and an EU Notified Body by the Dutch Ministry of Health and the European Commission.
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Visionaries Club
VC Fund · Berlin, Berlin, Germany · 3 investments in Norway Artificial intelligence startups

In this era of upheaval, obsession beats playbooks, ambition beats size and conviction beats consensus. We back those who run toward the fire and follow one simple rule: connecting the top 0.1% with the top 0.1%.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 150
  • Round size: Seed $2.7M–$17M; Series A $10M–$54M; Series B $29M–$111M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $197M in 2022

Portfolio highlights

  • CYBRET AI — Continuous Black, Grey, and White box pentesting. Cover authorized targets, prove exploitable findings with replay evidence, and ship the fix.
  • Orbio — AI agents that own HR work end to end: hiring, onboarding, engagement. Enterprise-grade security and AI governance.
  • Tandem Health — Focus on providing care, while Tandem helps you easily write medical notes directly after the patient consultation.
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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: 43
  • Round size: Seed $550k–$3.5M; Pre-Seed $600k–$1.6M; Series A $567k–$36M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Mannjal — Growth platform for regional NBFCs/Lenders
  • Flo Mobility — India's largest construction robotics company. Autonomous material movement robots and electric wheelbarrows that cut site costs. No capex.
  • RenaissThera — RenaissThera is a biotechnology startup that uses AI platforms to produce low-cost, new small-molecule-targeted medicines.
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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 3 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: Energy, Robotics, Software
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 11
  • Round size: Seed $1.8M–$3.1M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Aivero — Orvue is launching the world's first single-use, robot-assisted laparoscope. Surgeon-controlled camera with robotic precision for enhanced surgical efficiency.
  • 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 · 3 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: 10
  • Round size: Seed $766k–$4M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Plaace — Plaace er en AI-drevet stedsintelligensplattform som leverer data og innsikt for enhver gate og by. Ta smartere lokasjonsbeslutninger.
  • 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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LocalGlobe
VC Fund · London, England, United Kingdom · 3 investments in Norway Artificial intelligence startups, 28 in the past 12 months

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

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Investment focus

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

Investor stats

  • Total investments: 461
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$5.1M; Series A $4.2M–$30M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
  • Concretene — Concretene is a concrete alternative that is designed to provide a viable CO2 reduction technology in the construction industry for cementitious products. It is developed by Nationwide Engineering Research and Development (NERD) with the Graphene Engineering Innovation Centre (GEIC).
  • Talent Nation — Talent Nation trains and places AI engineers with businesses through its Learn2Earn academy.
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Simula Innovation
VC Fund · Fornebu, Akershus, Norway · 3 investments in Norway Artificial intelligence startups

Simula Innovation is an early-stage technology investor.

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Round size: Pre-Seed $250k–$826k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • SurplusMap — SurplusMap gives charge point operators, retailers, and investors EV charging market intelligence across Europe, including utilization data, demand forecasting, and site scoring to make better network decisions.
  • Adline — AdLine.com is a sleek, dynamic domain name that exudes confidence and innovation. With its short, 6-letter, 2-syllable structure, its easy to remember and perfect for any modern startup. The name evokes ideas of advertising, creativity, and
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DNB
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Artificial intelligence startups, 15 in the past 12 months

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 and services include savings and investment products. DNB offers its products and services to various sectors, including financial institutions, energy, manufacturing, healthcare, packaging, and forest products, shipping, offshore, and logistics, seafood, and telecom, media, and technology. They also distribute its products and services through its branches, in-store postal and banking outlets, and post office counters. DNB was founded in 1822 and is headquartered in Oslo, Norway.

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Investment focus

  • Industry: Renewable Energy, Energy, Oil and Gas
  • Stage:Post-IPO Debt, Debt Financing, Venture - Series Unknown
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 57
  • Round size: Post-IPO Debt $21M–$786M; Debt Financing $94M–$1.5B; Venture - Series Unknown $240k–$100M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Kenter Groendus — Kenter Groendus is a full-service energy partner serving commercial and industrial clients. The company offers an end-to-end suite of hardware and software solutions to help organizations navigate grid congestion, rising energy costs, and regulatory compliance. Its portfolio spans metering services, transformer stations, energy storage/batteries, solar installations, an energy marketplace, and AI-driven Energy Management Systems (EMS).
  • Salmon Evolution — Salmon Evolution is a land-based salmon farming company producing premium salmon using innovative and sustainable aquaculture technology
  • Clearway Energy Group — We're a leading independent clean power developer and operator with over 350 clean energy projects across America.
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Altitude Capital
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Norway Artificial intelligence startups

Altitude Capital is an investment firm.

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Investment focus

  • Industry: Artificial Intelligence, Advertising, Health Care
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Norway, Sweden, United Arab Emirates

Investor stats

  • Total investments: 7
  • Round size: Seed $627k–$1.8M; Series A $628k–$8.4M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Braive — Mental health challenges are increasing worldwide. The number of psychologists isn’t. That’s why Braive is needed. Offering a mental health platform that brings together various important treatment components under one umbrella; we are more than just speaking to a psychologist. We empower people and give them long-lasting tools to tackle life’schallenges. More efficient than traditional therapy, without ever compromising treatment results.
  • Journalia — AI-powered medical documentation. Journalia listens, transcribes and generates clinical notes, so you can focus on your patients.
  • Metric — Metric develops AI-driven tools for automating digital advertising. Its platform, which primarily serves Shopify-powered e-commerce companies, is made to handle campaign creation, budget distribution, and performance optimization across Meta and Google.
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Aidiom
VC Fund · Oslo, Oslo, Norway · 2 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, Solar, Industrial
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Hungary, Czech Republic

Investor stats

  • Total investments: 8
  • Round size: Seed $2.9M–$7M; Pre-Seed $590k–$1.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Volteum — Electric vehicle (EV) fleets made easy. Volteum helps companies transition to EVs, optimize charging, and manage electric car fleet operations efficiently.
  • Aevy — Turn your renewable asset documents into profitable decisions
  • Sun Store — Join sun.store, the go-to marketplace for solar installers and retailers. Discover opportunities from buying premium solar products to expanding your sales.
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Futurum Ventures
VC Fund · 2 investments in Norway Artificial intelligence startups

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

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Investment focus

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

Investor stats

  • Total investments: 7
  • Round size: Seed $4M–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

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

Superorganism is a venture fund for biodiversity.

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Investment focus

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

Investor stats

  • Total investments: 13
  • Round size: Seed $3.4M–$8M; Pre-Seed $2M–$2M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Cecil — From nature-based offset projects to biodiversity inventories, we simplify natural asset management for project developers, intermediaries, asset managers and investors.
  • Deep Forestry — Deep Forestry AB specializes in developing autonomous survey drones equipped with 3D AI technology. These drones are designed to navigate through forests and agricultural plantations, scanning individual trees to measure biodiversity and gather detailed data. The company focuses on leveraging deep-tech solutions in 3D AI, autonomous robotics, andcomputer vision to enhance forest management and agricultural practices.
  • Orbital Sentry — Orbital Sentry delivers real-time wildfire detection and continuous geostationary monitoring to protect communities, reduce losses, and power next-generation risk intelligence. Our persistent infrared data helps insurers, governments, and first responders act faster and build true climate resilience
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Curiosity VC
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Norway Artificial intelligence startups, 10 in the past 12 months

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: The Netherlands, Finland, Sweden

Investor stats

  • Total investments: 44
  • Round size: Seed $793k–$6.5M; Pre-Seed $797k–$2.5M; Series A $7.3M–$11M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Duqu — Duqu provides short-term business financing by advancing money on outstanding business-to-business invoices.
  • indurex — Indurex develops software for managing the safety, operations, and cybersecurity of industrial cyber-physical systems. Its platform combines engineering, process, safety, and cybersecurity telemetry into a shared operational view. The platform supports asset integrity monitoring, protocol-aware observability, risk scoring, vulnerability assessment, operator alerts, and compliance reporting for energy, manufacturing, utilities, data centers, and pipeline operators.
  • reebuild — reebuild is the developer of an online application for construction companies designed to automate material procurement and logistics. Their digital infrastructure platform connects construction companies, industry, and trade, enabling clients to build their invoices and environmental data in a secure cloud and take over administrative processes inthe background.
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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, Artificial Intelligence, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 375
  • Round size: Seed $2.4M–$23M; Series A $4.5M–$32M; Series B $7.4M–$100M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Duvo — Duvo brings your people, AI agents and existing systems together to map, run and improve your processes, with decisions, exceptions and results in one place.
  • Rayon — Built for Speed. Designed for Teams.
  • SolveAI —
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Middelborg
VC Fund · 2 investments in Norway Artificial intelligence startups

Middelborg is a family office and active investment company focused on building businesses and creating long-term value.

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Investment focus

  • Industry: Food Processing, 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.
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Herfo
VC Fund · 2 investments in Norway Artificial intelligence startups

Herfo was founded in 2005 by Folke Hermansen.

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Investment focus

  • Industry: CMS, Content, Digital Media
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
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Shine Capital
VC Fund · New York, New York, United States · 2 investments in Norway Artificial intelligence startups, 16 in the past 12 months

Shine is an early-stage venture capital firm that partners with creative, convincing, relentless entrepreneurs to create iconic businesses.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, Israel, Spain

Investor stats

  • Total investments: 82
  • Round size: Seed $3.6M–$21M; Series A $12M–$25M; Series B $10M–$71M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely actively investing — fresh fund, raised $1M in 2026

Portfolio highlights

  • MEANT 2B — MeantToBe is an AI-powered matchmaking platform designed to move beyond swipe-based dating apps by using personalized recommendations and behavioral signals to suggest more compatible romantic and social connections. It leverages machine learning to understand user preferences over time, aiming to improve match quality, reduce swipe fatigue, andcreate more meaningful interactions between users in a modern, AI-driven social discovery experience. Focused on next-generation relationship discovery.
  • Pilgrim — Pioneering a biologically enhanced future for humanity.
  • SafeWorld — SafeWorld is a safety testing platform for companies deploying robots around people, helping them assess and improve the safety.
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Melesio Capital
VC Fund · Oslo, Oslo, Norway · 2 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:Seed, Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Exabel — Simple-to-use analytical platform for investment professionals who want to benefit from alternative data and modern data science insight in their investment process. With an intuitive, web-based app interface, users can focus on investments rather than data collection, technology platform build-out or repetitive tasks. Informative and visually appealing graphics of your work are easily exported to be presented for the team, investors and other stakeholders.
  • Memory — Memory crafts tools for a better future of work. Do your best work by design with Timely, Dewo and Glue.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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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 since then 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: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 91
  • Round size: Seed $224k–$2.2M; Pre-Seed $110k–$4.3M; Venture - Series Unknown $1.2M–$6M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $49M in 2022

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Artificial intelligence startups

Venture capital firm focused on tech startups.

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Investment focus

  • Industry: Software, Energy, Renewable Energy
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $740k–$8.3M; Venture - Series Unknown $1.1M–$3.5M
  • Lead/follow: 9% lead, 91% follow

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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Smart Innovation Norway
VC Fund · Halden, Ostfold, Norway · 2 investments in Norway Artificial intelligence startups

Smart Innovation internationally oriented business cluster in Norway within energy, digitization, Big Data Analytics and ICT.

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Investment focus

  • Industry: Food Processing, 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.
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Awilhelmsen Capital
VC Fund · 2 investments in Norway Artificial intelligence startups

Investment focus

  • Industry: FinTech, Finance, Software
  • Stage:Seed, Debt Financing
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Exabel — Simple-to-use analytical platform for investment professionals who want to benefit from alternative data and modern data science insight in their investment process. With an intuitive, web-based app interface, users can focus on investments rather than data collection, technology platform build-out or repetitive tasks. Informative and visually appealing graphics of your work are easily exported to be presented for the team, investors and other stakeholders.
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Nordic Green Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Artificial intelligence startups

We put relentless effort in creating smarter sustainable solutions for all.

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Investment focus

  • Industry: Water, Big Data, Analytics
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $159k–$162k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Intoto — River and coastal risk management to protect assets, people and the environment.
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2M2D
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Artificial intelligence startups

We invest in the unknown. In solutions yet to be built. By ambitious founders on a mission.

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Investment focus

  • Industry: Apps, Credit, Rental
  • Stage:Seed, Angel
  • Geography: Norway

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Diwala — Issue certificates and credentials to your trainees, that can be verified online in seconds
  • Indyriot — Indyriot engages in testing a job for a non-existing company.
  • Sharefox — Our rental software makes renting and subscribing smoother and attracts more customers to your rental business. Experience the Sharefox rental software today!
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KOMPAS VC
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Norway Artificial intelligence startups, 8 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 41
  • Round size: Seed $2.1M–$9.6M; Series A $5.5M–$43M; Series B $3.1M–$70M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $170M in 2025

Portfolio highlights

  • Timefold — Experts in PlanningAI for complex scheduling and routing
  • Array Labs — Array Labs is working to provide high-quality 3D imagery on a global scale.
  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
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Skagerak Maturo
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Artificial intelligence startups

As an early stage venture firm, we invest in companies with positive impact. Megatrends like climate change and resource scarcity are some of the challenges we are facing. We believe technological innovations will contribute to a positive impact on people and the planet.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 13
  • Round size: Seed $1.2M–$1.5M; Series A $3.4M–$7.5M; Venture - Series Unknown $1.1M–$1.2M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • 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!
  • OptoScale — OptoScale sells real-time monitoring equipment for fish farms. OptoScale engages in precision aquaculture, helping fish farmers unlock unprecedented productivity and sustainability gains.
  • Ignite — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
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Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 2 investments in Norway Artificial intelligence startups

Access curated startup investment opportunities and diversified venture capital exposure designed for accredited investors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 2705
  • Round size: Seed $850k–$9.9M; Series A $3.5M–$32M; Series B $8M–$75M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely actively investing — fresh fund, raised $90k in 2026

Portfolio highlights

  • NextDroid — NextDroid - We're Doing Something Different
  • Hello Patient — Healthcare AI that gets your team off the phone & in front of patients
  • Alva Energy — Alva Energy is a nuclear solution based firm that aids challenges related to nuclear power offering on time delivery of nuclear megawatts.
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Artificial Intelligence VC funding in Norway at a glance

Stats across 245 deals from 230 investors.

230
investors
in Norway Artificial intelligence startups
245
deals
in Norway Artificial intelligence startups
$1.2M
median round
in Norway Artificial intelligence startups
38%
lead investors
lead at least one round
31%
Seed
most common funding stage

Access all 230 VC funds in Norway Artificial intelligence startups.

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