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Top 40 B2B Startup Investors in Norway (August 2026)

The most active venture capital funds and angel investors investing in Norway B2B startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway B2B 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
8 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Investinor
VC Fund
4 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
Sequoia Capital
VC Fund
4 United States, China, India Series A, Series B, Series C Software, Information Technology, Artificial Intelligence $6.4M–$230M
LocalGlobe
VC Fund
3 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$30M
Alliance VC
VC Fund
3 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Visionaries Club
VC Fund
3 Germany, United Kingdom, United States Seed, Series A, Series B Software, SaaS, FinTech $2.7M–$111M
Blue Bear Capital
VC Fund
3 United States, Germany, The Netherlands Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $2M–$42M
Kea Zhang
Angel
2 Norway Seed, Pre-Seed B2B, SaaS, Software
Oleg Tikhturov
Angel
2 United Kingdom, Norway, Germany Seed, Pre-Seed, Series A Financial Services, FinTech, Software $530k–$19M
Kris Riise
Angel
2 Norway Pre-Seed, Seed Software, B2B, SaaS $460k–$672k
Alumni Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$79M
Idekapital
VC Fund
2 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $168k–$90M
Christian Hager
Angel
2 Norway Pre-Seed, Seed Software, B2B, SaaS $460k–$672k
Shine Capital
VC Fund
2 United States, Spain, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $3.5M–$71M
Penny Venture
VC Fund
1 Norway Pre-Seed B2B, Fuel, Energy $400k–$748k
North Venture
VC Fund
1 Norway Pre-Seed B2B, E-Learning, Corporate Training
Albert Armengol
Angel
1 Spain, United States, United Kingdom Seed, Pre-Seed Software, Mobile Apps, Apps $137k–$3M
Firda
VC Fund
1 Norway Seed, Angel, Series B SaaS, Information Technology, B2B
RunwayFBU
VC Fund
1 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $538k–$6.2M
RAA Ventures
VC Fund
1 United States, Norway Seed, Pre-Seed B2B, Apps, Sports
Founders Fund AS
VC Fund
1 Norway, United States Seed B2B, SaaS, Internet $140k–$439k
Bring Ventures
VC Fund
1 Sweden, Norway, United Kingdom Seed, Venture - Series Unknown, Series A B2B, Logistics, E-Commerce $193k–$20M
SNÖ Ventures
VC Fund
1 Norway, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Machine Learning $1M–$60M
Alliance Ventures
VC Fund
1 Norway, United States, China Series A, Series B, Series C Software, Artificial Intelligence, Automotive $5M–$310M
Day One Ventures
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $200k–$30M
Link Venture Capital
VC Fund
1 Norway, United Kingdom, The Netherlands Pre-Seed, Seed, Venture - Series Unknown Renewable Energy, Marine Technology, SaaS $400k–$4.3M
The Ingenious Group
VC Fund
1 United Kingdom, Norway Series A, Seed Software, SaaS, Analytics $2.9M–$4.1M
The Nordic Web Ventures
VC Fund
1 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, SaaS, Artificial Intelligence $233k–$5M
Ecosystem Integrity Fund
VC Fund
1 United States, India, Brazil Series A, Series B Energy, Renewable Energy, Software $4M–$45M
Adler Konsult
VC Fund
1 Norway Pre-Seed B2B, E-Learning, Corporate Training
Fathom Capital
VC Fund
1 United States, Norway, United Kingdom Seed, Series A, Series B Software, SaaS, Information Technology $2M–$70M
Skagerak Maturo
VC Fund
1 Norway Seed, Series A Software, Information Technology, SaaS $1M–$7.5M
Nordic Makers
VC Fund
1 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, Education $270k–$15M
Point Nine
VC Fund
1 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$62M
Ferd
VC Fund
1 Norway, Sweden, United States Private Equity, Series A Software, Energy, Information Technology $2.2M–$14M
Erez Mathan
Angel
1 United Kingdom, Spain, France Seed, Series A, Pre-Seed FinTech, Software, Financial Services $2.4M–$20M
Chris Moen
Angel
1 Norway Seed B2B, SaaS, Software
Nicolaj B. Petersen
Angel
1 Norway Seed B2B, SaaS, Video Conferencing
Visma
VC Fund
1 Italy, Norway, Germany Corporate Round, Seed, Series B SaaS, Software, B2B
Arkwright X
VC Fund
1 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
Access all 52 investors in Norway B2B 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 · 8 investments in Norway B2B 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: 2214
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • 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.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 4 investments in Norway B2B 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: 123
  • Round size: Seed $400k–$3.6M; Series A $2M–$25M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2011

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • 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 — Reimagining cameras with weightless software-based viewpoint
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 4 investments in Norway B2B startups

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

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Investment focus

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

Investor stats

  • Total investments: 2066
  • Round size: Series A $6.4M–$50M; Series B $11M–$100M; Series C $12M–$230M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $65M in 2018

Portfolio highlights

  • Island — Meet Island, the Enterprise Browser that gives you control over SaaS governance, visibility and productivity. Secure your critical data and apps with Island.
  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/7a5aSCUfnr https://t.co/x14hb3jO7O
  • ApnaPaisa — ApnaPaisa offers the Best Deals on Home Loans, Personal Loans, Credit Cards and EMI Calculators in India. EST'D 2007.
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LocalGlobe
VC Fund · London, England, United Kingdom · 3 investments in Norway B2B startups

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: 367
  • Round size: Seed $1.6M–$13M; Pre-Seed $1M–$3.3M; Series A $4.2M–$30M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • nPlan — AI that forecasts project outcomes, creates scenarios of the future and helps mitigate risk across single projects and portfolios. Trained on over 750,000 past programmes.
  • Stream — Stream is a financial services firm that allows employees to stream their earned wages into their accounts through an instant app. The app allows them to have complete control over when they get paid. It also effectively ends the need for employee advances, loans, and employee stress suffered from short-term, unplanned financial obligations. Thecompany aims to play a key role in reducing the poverty premium and preventing employees from entering cycles of debt caused by overdraft fees, high-interest credit, or payday loans.
  • Dataform — Develop and operationalize scalable data transformations pipelines in BigQuery using SQL.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway B2B startups, 6 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: 84
  • Round size: Seed $1.3M–$5M; Pre-Seed $970k–$4M; Series A $1.8M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Newcode.ai
  • 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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Visionaries Club
VC Fund · Berlin, Berlin, Germany · 3 investments in Norway B2B 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, SaaS, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 139
  • Round size: Seed $2.7M–$17M; Series A $10M–$60M; Series B $29M–$111M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Apron — Sort, pay and reconcile your invoices in seconds.
  • CYBRET AI — The New Era of Autonomous Cybersecurity
  • Orbio — Orbio AI is your AI-powered HR team. Automate hiring, improve match quality, engage talent across channels, and understand your organization. Built for companies that employ at scale. Giving HR leaders time and data to drive true organizational impact.
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Blue Bear Capital
VC Fund · Beverly Hills, California, United States · 3 investments in Norway B2B startups

Discover AI Energy Venture Capital Fund with Blue Bear Capital investing in AI powered solutions for sustainable energy.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: United States, Germany, The Netherlands

Investor stats

  • Total investments: 82
  • Round size: Seed $2M–$6.5M; Series A $5.5M–$16M; Series B $5.6M–$42M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Korial — Energy Robotics provides an end-to-end solution for autonomous robotic inspection in capital-intensive industries such as oil & gas, chemical and energy.
  • Demex — The Demex Group is a technology company that customizes and delivers climate-resilience through financial risk solutions on a global scale.
  • Lastwall — Lastwall exists to protect democratic institutions by strengthening the cybersecurity posture of defense and critical infrastructure partners.
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Kea Zhang
Angel · Oslo, Oslo, Norway · 2 investments in Norway B2B startups

Kea Zhang

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Investment focus

  • Industry: B2B, SaaS, Software
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Shepherd — An all-in-one meetings tool, bringing structure and efficiency to every meeting.
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Oleg Tikhturov
Angel · London, England, United Kingdom · 2 investments in Norway B2B startups

I am an active Angel Investor in pre-seed and seed startups, having invested in 80+ startups. I invest in ambitious founders building scalable products for large markets and support founders with advice, strategic network of investors. Currently Founding Partner at TrueSight Ventures, Venture Capital firm investing in European early-stage startups.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Norway, Germany

Investor stats

  • Total investments: 31
  • Round size: Seed $764k–$7M; Pre-Seed $530k–$2.6M; Series A $9.2M–$19M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • MEplace — MEplace creates a new approach to children’s wellbeing and preschool education. MEplace was founded in 2019 and was headquartered in England, UK.
  • 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.
  • Kota — Replace your tools, brokers and outdated processes with the only platform that handles the entire employee benefits journey.
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Kris Riise
Angel · Oslo, Oslo, Norway · 2 investments in Norway B2B startups

Kris is a high school dropout and self taught builder who brings ideas to life and newness to the world.He has a relentless focus on empowering people to spend time on what really matters. Kris is highly optimistic, has a strong bias toward action, and rigorously works for the future to be better than the past.Today, Kris is Founder CEO ofUnloc. Their mission is to digitize keys and make life easier for everyone with a front door.Kris never quits once his mind is set on solving a problem.Web: unloc.ai

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Investment focus

  • Industry: Software, B2B, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $460k–$672k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Savvie — Savvie is your sales forecasting tool, waste tracking tool, sold-out tracker, ordering solution, product manager and analytics dashboard all in one intuitive app. We help you reduce food waste while maximizing sales with our one-click solution for store management.
  • Shepherd — An all-in-one meetings tool, bringing structure and efficiency to every meeting.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 2 investments in Norway B2B 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, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 2214
  • Round size: Seed $1.5M–$10M; Series A $5.5M–$35M; Series B $12M–$79M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • WINN.AI — WINN.AI helps revenue teams run better sales calls and win more deals by automating admin work and guiding reps live, during the call.
  • Car Body Lab — The easy way, online.
  • Perennial — Cloud Agronomics is the platform for soil carbon management.
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Idekapital
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway B2B 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 $168k–$4.4M; Series A $2.7M–$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 — Reimagining cameras with weightless software-based viewpoint
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Christian Hager
Angel · 2 investments in Norway B2B startups

Christian Hager - Co-Founder @ Hjemmelegene

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Investment focus

  • Industry: Software, B2B, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $460k–$672k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Savvie — Savvie is your sales forecasting tool, waste tracking tool, sold-out tracker, ordering solution, product manager and analytics dashboard all in one intuitive app. We help you reduce food waste while maximizing sales with our one-click solution for store management.
  • Shepherd — An all-in-one meetings tool, bringing structure and efficiency to every meeting.
Show all investments...

Shine Capital
VC Fund · New York, New York, United States · 2 investments in Norway B2B startups, 16 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 78
  • Round size: Seed $3.5M–$21M; Series A $12M–$25M; Series B $10M–$71M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Antares — Factory-produced, deployable fission microreactors to provide strategic energy for mission-critical systems across Earth, space, and underseas.
  • Walden Robotics — Walden Robotics is an industrial robotics company that builds and deploys general-purpose, semi-humanoid robots for manufacturing and logistics.
  • Turnout — Turnout Technologies is a technology related company.
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Penny Venture
VC Fund · 1 investments in Norway B2B startups

Penny Venture is a venture company investing in high growth, entrepreneurial led start-ups

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Investment focus

  • Industry: B2B, Fuel, Energy
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $400k–$748k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vignita — Vignita offers a social learning platform for skilled workers. The Norwegian startup gathers all forms of training into one platform, connecting companies with experts and technology so that they can effectively collaborate to train professionals.
  • Powerzeek — Powerzeek is a platform company making it easy for the transport sector to find, buy and use cleaner fuels. The company's market is the $150 billion+ maritime fuel and $1 trillion+ land based fuel sector. Powerzeek´s customers are shipping companies and trucking companies buying fuel for their ships and trucks respectively, andoil/gas/energy companies selling fuel. The company meets several of UN´s SDG goals, is generating revenue today, and has many of the world's largest suppliers of LNG and methanol amongst its community members.
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North Venture
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway B2B startups

Investment company focusing on the Nordics.

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Investment focus

  • Industry: B2B, E-Learning, Corporate Training
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Vignita — Vignita offers a social learning platform for skilled workers. The Norwegian startup gathers all forms of training into one platform, connecting companies with experts and technology so that they can effectively collaborate to train professionals.
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Albert Armengol
Angel · Barcelona, Catalonia, Spain · 1 investments in Norway B2B startups

Albert Armengol took up his MBA at Esade.

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Investment focus

  • Industry: Software, Mobile Apps, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 22
  • Round size: Seed $137k–$1.5M; Pre-Seed $340k–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Robinsun — Robinsun's Plugin Solar Kits make you save on your energy bill instantly and help in the fight against climate change. Get your Plugin Solar Kit today and generate your own energy for self consumption.
  • Altan — Altan is an AI-driven team that autonomously transforms ideas into fully-functional digital products using its innovative Collective AGI (CAGI) multi-agent framework. Altan handles end-to-end software development—from frontend to backend, including infrastructure, testing, and iteration—allowing users to focus solely on their vision.Founded withthe mission of empowering everyone with a superhuman AI team available 24/7, Altan uniquely combines frictionless infrastructure and a transparent, no-code interface for easy modification and control of AI-generated outputs.Altan primarily serves entrepreneurs, operational leaders, digital agencies, and freelancers, enabling rapid prototyping, launching, and scaling of digital solutions without traditional development teams. Headquartered in Barcelona, Altan emphasizes community engagement (#BuildInPublic), rapid innovation, and continuous improvement, supported by an attractive Employee Stock Option Pool (ESOP).Altan aims to redefine industry standards with benchmarks for end-to-end software creation and targets significant market milestones, including autonomous SaaS growth and substantial recurring revenue.
  • Piper — Piper is a next-gen sales productivity and intelligence solution that puts AI to work for both sales reps and sales managers.Through its advanced interpretation of sales conversations from video calls, emails and audio notes, Piper automatically populates deal-related fields in the CRM, freeing up sales capacity and ensuring unbiased, highquality data.Piper further lightens the daily workload of salespeople by assisting through every stage of the client engagement: enhancing meeting prep, drafting follow-up emails, scheduling the next call, and more.For sales reps, Piper is a game-changer, letting them focus on selling without the admin drag. For sales directors and revenue ops, Piper provides top-notch data insights into the sales pipeline, enhancing sales forecasting and data-driven decision-making.
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Firda
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway B2B startups

Firda is an active investor and company builder focused on scaling innovative technology companies that are highly scalable and positively impact the world.

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Investment focus

  • Industry: SaaS, Information Technology, B2B
  • Stage:Seed, Angel, Series B
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shapemaker — Your new software for civil engineering design and analysis, starting off with telecommunication infrastructure.
  • Zerolytics — Zerolytics is building a data-driven platform to measure and monitor progress in reaching companies’ Net Zero targets. It was founded in 2022 and is based in Oslo, Norway.
  • Hystar — Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 1 investments in Norway B2B startups

RunwayFBU connects founders, industry, and capital to turn hard industrial problems into scalable companies.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Norway, Italy, Sweden

Investor stats

  • Total investments: 28
  • Round size: Seed $970k–$6.2M; Pre-Seed $538k–$2M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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RAA Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway B2B startups

RAA Ventures makes angel investments and provides venture capital to extraordinary entrepreneurs and game-changing ideas.

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Investment focus

  • Industry: B2B, Apps, Sports
  • Stage:Seed, Pre-Seed
  • Geography: United States, Norway

Investor stats

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

Portfolio highlights

  • Socius — Next generation ad tools for digital marketers.
  • DoubleUp — DoubleUp offers exclusive online sports contests that pay cash prizes. While traditional daily fantasy sites focus on salary cap games that can take hours to play, DoubleUp offers simple, fun contests that take less than 30 seconds to enter and win. With free entries for all contests, it's a great way for casual fans to get moreinvolved in the sports they love watching.
  • Cheeze — A Photography focused NFT Media and Entertainment company
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Founders Fund AS
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway B2B startups

Founders Fund AS is a venture capital firm based in Oslo. Founders Fund AS offers investment management, advisory, and other related services. Founders Fund serves customers in Norway.

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Investment focus

  • Industry: B2B, SaaS, Internet
  • Stage:Seed
  • Geography: Norway, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $140k–$439k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Scrimba — Scrimba is the fast way of learning to code! Our interactive courses and tutorials will teach you React, Vue, Angular, Web Development, Node.JS, JavaScript, HTML, CSS, and more.
  • Confrere — Confrere is a video meeting and conferencing platform for professionals. The video chat solution was developed specifically for doctors, tutors, banks, psychologists, recruiters, personal trainers, and their clients in mind.The video conferencing solution was developed by Svein Willassen, Dag-Inge Aas, and Ida Aalen with a concept of buildingvirtual clinics for professions like doctors and bankers through video solutions, so they can meet their clients without actually meeting them.
  • AblePay Technologies — AblePay Technologies was founded in 2009 as a spin-out from the Research Department of Telenor, and the technology has been developed in close collaboration with SINTEF, the largest independent research organisation in Scandinavia.
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Bring Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway B2B startups

Bring Ventures is the Corporate Venture arm of the Norway Post Group. Bring Ventures is dedicated to invest in disruptive and ambitious seed and early phase companies within sustainability and digitalization. We strive to be a value-adding investor by building close relationships, exchange capabilities, expertise, customers and volumes. We believethe success of the future will be created together in a collaboration with other actors such as universities, innovation environments and start-ups. We want to contribute to create and build completely new type of business models – like ecosystem.

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Investment focus

  • Industry: B2B, Logistics, E-Commerce
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Sweden, Norway, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $193k–$6.3M; Venture - Series Unknown $2.6M–$20M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Tise — Buy and sell secondhand fashion. Download the app here.
  • Kavall — Kavall is a grocery delivery startup.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway B2B 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, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 41
  • Round size: Seed $1M–$5.5M; Pre-Seed $2.8M–$4.5M; Series A $4.8M–$60M
  • Lead/follow: 54% lead, 46% 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 — Nolla Health is a technology-driven healthcare company that focuses on developing AI-powered digital doctors, starting with skin health and dermatology.
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Alliance Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway B2B 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 A, Series B, Series C
  • Geography: Norway, United States, China

Investor stats

  • Total investments: 16
  • Round size: Series A $5M–$24M; Series B $12M–$30M; Series C $46M–$310M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $1B in 2018

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.
  • 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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Day One Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway B2B startups

Day One Ventures is a venture capital firm that backs customer-obsessed companies and spearheads their communications. This enables the Day One team to become actively involved in its portfolio companies and plays a real, tangible role in helping them grow. The firm invests across industries from pre-seed to seed - and occasionally series A, andinvests between $100k and $5 million.Day One Ventures was founded by Masha Drokova, who is an angel investor, entrepreneur, communications executive, and Forbes 30 Under 30 Honoree.

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Investment focus

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

Investor stats

  • Total investments: 136
  • Round size: Seed $2.7M–$17M; Pre-Seed $200k–$4.1M; Series A $9M–$30M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • RMFG — We make custom sheet metal parts (in the US) and ship them to you. Instant pricing, no minimum order quantities.
  • Tivara — Automate patient phone calls across scheduling, refills, intake, and after-hours workflows. All while improving access, reducing wait times, and lowering operational costs.
  • Netic — The AI revenue engine for essential service industries that keep America running.
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The Ingenious Group
VC Fund · London, England, United Kingdom · 1 investments in Norway B2B startups

As experts in media, infrastructure and real estate, They act as the bridge between finance and business. They create value by identifying, funding and managing compelling investment opportunities. They do this by blending experience, sector knowledge and an extensive network of commercial relationships. Their skills extend across investment, fundmanagement, capital raising, banking, operations, corporate finance and asset management. Their multi-disciplinary teams, drawn from industry, professional services and financial institutions, ensure exceptional execution capability.They are always open to new ideas. So whether you’re an investor, an adviser or a potential partner within one of Their sectors, we’d love to hear from you.- See more at: http://www.theingeniousgroup.co.uk/about-us/#sthash.Gj0xDqND.dpuf

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Series A, Seed
  • Geography: United Kingdom, Norway

Investor stats

  • Total investments: 10
  • Round size: Series A $2.9M–$4.1M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — last raise in 2011

Portfolio highlights

  • Shoreline — Supporting the wind industry optimize the design, construction, and operation of clean energy, on both sides of the shoreline
  • Elmtronics — Elmtronics are the UK's leading independent supplier of electric vehicle charging services and EV chargers in the UK. Book a survey today!
  • Igloo Vision — We Are The Shared Immersive Space Company. Creating Shared Immersive Environments For Any Client, In Any Sector, Anywhere. Contact Us Today For More Information.
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The Nordic Web Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway B2B startups

The Nordic Web Ventures is an Angel Fund run by Neil S W Murray, backed by 50+ community builders, entrepreneurs and investors passionate about supporting early-stage Nordic startups.

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $250k–$5M; Angel $300k–$373k; Pre-Seed $233k–$1.1M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.5M in 2019

Portfolio highlights

  • Midio — Midio is a new programming language that is currently being developed. It enables you to visually make sense of data complexity, work considerably faster, and create incredible things with coders and non-developers equally.
  • All Gravy — Butter gives you happier employees, by reducing their financial stress and giving them an understanding of their salary and financial situation
  • Paraglide AI — Paraglide AI agents handle your financial inbox, automatically reply to invoice inquiries from clients, pursue past-due invoice payments, and customize collections at scale.
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Ecosystem Integrity Fund
VC Fund · San Francisco, California, United States · 1 investments in Norway B2B startups

The Ecosystem Integrity Fund (“EIF”) is a venture capital firm that invests in early-stage companies contributing to environmental sustainability. It seeks to demonstrate that there is no trade-off between having a positive impact and achieving outstanding financial returns. The movement toward environmental sustainability is making incrementalimprovements to the largest industries in the world. Over the next several decades, the economy will be transformed by this movement.Sustainability is fundamentally about making things better: more efficient, more functional, less toxic, less costly. This is the next phase of the Industrial Revolution.

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Investment focus

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

Investor stats

  • Total investments: 67
  • Round size: Series A $4M–$30M; Series B $5.5M–$45M
  • Lead/follow: 75% lead, 25% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Trashie — Just a 'small-town' recycling and rewards platform trying to make it in the big city.
  • ZeroAvia — ZeroAvia is producing the world's first practical zero emission aviation powertrain, initially targeting 20-seat airplanes to start replacing dirty jet fuel in regional transport
  • Vammo — Leoparda Electric is a company that manufactures electric motorcycles.
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Adler Konsult
VC Fund · 1 investments in Norway B2B startups

Adler Konsult is an investment company.

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Investment focus

  • Industry: B2B, E-Learning, Corporate Training
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Vignita — Vignita offers a social learning platform for skilled workers. The Norwegian startup gathers all forms of training into one platform, connecting companies with experts and technology so that they can effectively collaborate to train professionals.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Fathom Capital
VC Fund · San Francisco, California, United States · 1 investments in Norway B2B startups

Backing Deep Innovation.

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Investment focus

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

Investor stats

  • Total investments: 42
  • Round size: Seed $2M–$6M; Series A $6M–$20M; Series B $30M–$70M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Runhouse — Runhouse is an ML platform that demolishes research, production, and infra silos for ML Engineers, Researchers, and Data Scientists. Runhouse OSS is a unified interface into compute and data infra which is unopinionated, ergonomic, and powerful enough for fast experimentation, full-scale deployment, and everything in between.
  • Clerk — With Clerk, you can add beautiful, high-conversion Sign Up and Sign In forms to your React application in minutes.  After signing in, Clerk empowers your users to take control of their account security with multi-factor authentication and device management.If you’ve ever found yourself thinking, “there’s got to be a better way to build auth” -Clerk was built with you in mind.  It truly only takes minutes to add best-in-class authentication experiences to your application - and Clerk’s team is constantly working behind-the-scenes to make them even better.
  • Camino — Building permitting and licensing software designed to be user-friendly. Made for government agencies in North America.
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Skagerak Maturo
VC Fund · Kristiansand, Vest-Agder, Norway · 1 investments in Norway B2B 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
  • Geography: Norway

Investor stats

  • Total investments: 13
  • Round size: Seed $1M–$1.4M; Series A $2.7M–$7.5M
  • Lead/follow: 23% lead, 77% follow

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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Nordic Makers
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway B2B startups, 6 in the past 12 months

Nordic Makers invests in early-stage Nordic B2B software startups, offering capital and founder support to help them scale globally.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Norway

Investor stats

  • Total investments: 45
  • Round size: Seed $270k–$4.7M; Pre-Seed $500k–$2.6M; Series A $2.3M–$15M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • KIME — KIME is the agentic operating system for AI Search. Track, benchmark, and execute: it turns your brand visibility across ChatGPT and LLMs into growth.
  • Atech — Atech is a Copenhagen-based hardware startup that simplifies electronics development by enabling users to design and assemble functional prototypes using natural language prompts and modular, snap-together components. The company's platform eliminates complex soldering and firmware configuration, allowing developers to go from a chat-basedconcept to a physical, working device in minutes.
  • Pluto.markets — Pluto is the modern investment app for the 100m Europeans living in countries without the EUR.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 1 investments in Norway B2B startups

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

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Investment focus

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

Investor stats

  • Total investments: 265
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $10M–$62M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Sereact — The only real-world verified Vision-Language-Action AI. Proven at scale. Trained on the world's largest dataset of robotic picks.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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Ferd
VC Fund · Lysaker, Akershus, Norway · 1 investments in Norway B2B startups

Ferd er et familieeid investeringsselskap som er eid av femte og sjette generasjon Andresen.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 59
  • Round size: Series A $2.2M–$13M; Private Equity $13M–$14M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • wheel.me — The first and only autonomous wheel in the world. The innovation transforms anything into an autonomous mobile robot with minimal effort and without the need to alter its design or form. The company was founded in 2013 and is headquartered in Oslo, Norway.
  • Nofence — Manage your livestock from anywhere with GPS collars and a simple app. Unlock more acres, cut fencing costs, and run your operation on your terms.
  • 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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Erez Mathan
Angel · London, England, United Kingdom · 1 investments in Norway B2B startups

Erez Mathan

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Spain, France

Investor stats

  • Total investments: 14
  • Round size: Seed $2.4M–$10M; Series A $10M–$20M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ankar AI — Your AI Operating System for Patents
  • Wordsmith AI — Advanced legal AI for in house legal teams
  • Clove — Building the financial institution of the future, to make money make sense.
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Chris Moen
Angel · 1 investments in Norway B2B startups

CEO & Co-founder @ Breyta

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Investment focus

  • Industry: B2B, SaaS, Software
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Shepherd — An all-in-one meetings tool, bringing structure and efficiency to every meeting.
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Nicolaj B. Petersen
Angel · Oslo, Oslo, Norway · 1 investments in Norway B2B startups

Founder of Dirtybit.

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Investment focus

  • Industry: B2B, SaaS, Video Conferencing
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Confrere — Confrere is a video meeting and conferencing platform for professionals. The video chat solution was developed specifically for doctors, tutors, banks, psychologists, recruiters, personal trainers, and their clients in mind.The video conferencing solution was developed by Svein Willassen, Dag-Inge Aas, and Ida Aalen with a concept of buildingvirtual clinics for professions like doctors and bankers through video solutions, so they can meet their clients without actually meeting them.
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Visma
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway B2B startups

Visma delivers software that simplifies the work lives of entrepreneurs, businesses, and societies. Get to know Visma and see what we have to offer!

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Investment focus

  • Industry: SaaS, Software, B2B
  • Stage:Corporate Round, Seed, Series B
  • Geography: Italy, Norway, Germany

Investor stats

  • Total investments: 5
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Fiscozen — Fiscozen is a provider of a digital platform for the management of small businesses and freeleancers.
  • pathway solutions — pathway solutions GmbH provides various information technology services and solutions for automated accounting for ECommerce & SaaS companies. Their main services are IT consulting, web shopping, and payment-related services.
  • ZTL — Unlock the power of ZTL's modular API to construct robust payment solutions for any scenario. Enhance your payment product!
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Arkwright X
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway B2B startups

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

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Investment focus

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

Investor stats

  • Total investments: 23
  • Round size: Seed $1.2M–$5.8M; Pre-Seed $93k–$2.8M; Series A $4.8M–$15M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Soolv — Automated screening that reads every application, surfaces real potential early, and gives you a consistent shortlist in minutes
  • 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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B2B Investor funding in Norway at a glance

Stats across 30 deals from 52 investors.

52
investors
in Norway B2B startups
30
deals
in Norway B2B startups
$1.4M
median round
in Norway B2B startups
25%
lead investors
lead at least one round
43%
Seed
most common funding stage
79/21
VC / Angel
share of investor count

Access all 52 investors in Norway B2B startups.

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