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Top 25 B2B VC Funds & Investors in Norway (June 2026)

The most active venture capital funds 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
Investinor
VC Fund
4 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
Blue Bear Capital
VC Fund
3 United States, Germany, The Netherlands Series A, Seed Software, Information Technology, Artificial Intelligence $1.5M–$18M
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 Software, Information Technology, Analytics $1.3M–$24M
Shine Capital
VC Fund
2 United States, Spain, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $3.5M–$71M
Antler
VC Fund
2 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Sequoia Capital
VC Fund
2 United States, China, India Series A, Series B, Series C Software, Information Technology, Artificial Intelligence $5.4M–$180M
Visionaries Club
VC Fund
2 Germany, United Kingdom, United States Seed, Series A, Series B Software, SaaS, FinTech $2.7M–$111M
SNÖ Ventures
VC Fund
1 Norway, Sweden, United States Seed, Pre-Seed, Series A Software, SaaS, Information Technology $1M–$59M
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, SaaS, Information Technology $961k–$7.5M
Nordic Makers
VC Fund
1 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, Education $270k–$14M
Point Nine
VC Fund
1 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$53M
RAA Ventures
VC Fund
1 United States, Norway Seed, Pre-Seed B2B, Apps, Sports
Ecosystem Integrity Fund
VC Fund
1 United States, Norway, Rwanda Series A, Series B Energy, Renewable Energy, Solar
RunwayFBU
VC Fund
1 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $551k–$6.2M
Ferd
VC Fund
1 Norway, Sweden, United States Private Equity, Series A Software, Information Technology, Energy
The Nordic Web Ventures
VC Fund
1 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, SaaS, Information Technology $233k–$5M
Idekapital
VC Fund
1 Norway, United Kingdom Seed, Series A Software, SaaS, Information Technology
North Venture
VC Fund
1 Norway Pre-Seed B2B, E-Learning, Corporate Training
Alumni Ventures
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.4M–$86M
Bring Ventures
VC Fund
1 Sweden, Norway, United Kingdom Seed, Series A E-Commerce, B2B, Logistics $193k–$6.6M
Day One Ventures
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $673k–$30M
Link Venture Capital
VC Fund
1 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Renewable Energy, Marine Technology $400k–$4.4M
Access all 36 VC funds in Norway B2B startups.

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

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Investor list

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: 117
  • Round size: Seed $400k–$3.3M; Series A $2M–$25M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2011

Portfolio highlights

  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Actithera — Actithera is a molecular radiotherapeutic company that develops radioligand therapies. It translates medicinal chemistry insights into new radioligand therapies (RLTs) and applies various molecular design strategies, including covalent targeting and an isotope-agnostic philosophy, to invent RLTs with significant differentiation and largertherapeutic windows.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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Blue Bear Capital
VC Fund · Beverly Hills, California, United States · 3 investments in Norway B2B startups

Explore AI solutions for energy challenges. Invest in a sustainable future with Blue Bear Capital. Learn more today!

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Investment focus

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

Investor stats

  • Total investments: 76
  • Round size: Seed $1.5M–$3.5M; Series A $5.5M–$18M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Delos Insurance — An insurance company which uses advanced technology and artificial intelligence to protect California homeowners from wildfires.
  • Demex — The Demex Group is a technology company that customizes and delivers climate-resilience through financial risk solutions on a global scale.
  • Urbint — Urbint uses artificial intelligence to predict threats to workers and critical infrastructure and stop incidents before they happen.
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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: 324
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$3.5M; Series A $3.5M–$30M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Wefarm — Wefarm is a farmer-to-farmer digital network that enables farmers to share information via SMS. The company allows small-scale farmers to connect with one another to solve problems, share ideas, and spread innovation. Utilizing the latest machine learning technology, Wefarm’s service works both online and over SMS.Since its founding in 2015,Wefarm has been named one of Africa’s Most Innovative Companies by FastCompany and has won Google’s Impact Challenge Award, TechCrunch’s Europas-Tech for Good Award, and the European Union Commission’s Ideas from Europe prize, among others. The company is headquartered in London with a field presence in Nairobi, Kampala, and Dar-es-Salaam.
  • 7bridges — The smart logistics platform that uses A.I technology to transform your logistics for scalable, sustainable and profitable business growth.
  • Cosmos Video — Cosmos Video is virtual office software for remote teams, cohort-based learning, and creative studios. Always-on spatial video with proximity-based audio.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway B2B startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Endform
  • Newcode.ai
  • Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
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Shine Capital
VC Fund · New York, New York, United States · 2 investments in Norway B2B startups

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: 67
  • Round size: Seed $3.5M–$18M; Series A $12M–$25M; Series B $10M–$71M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Mentra — Mentra tackles systemic inequality by economically empowering underserved communities. We’re erasing the stigma around Disability Hiring with our recruiting platform that matches neurodiverse talent with inclusive employers.Our mission is to bring neurodiversity to the workplace - providing employers with thought diversity & job seekers witheconomic opportunity
  • Rose Rocket — Rose Rocket's transportation management software (TMS) helps trucking companies and freight brokers improve visibility, collaboration, and efficiency.
  • Supergood Systems — Generate fully managed tools your agents can call at scale. Ultra fast, reliable and observable. Skip the browser entirely.
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Antler
VC Fund · Singapore, Central Region, Singapore · 2 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: 932
  • Round size: Seed $362k–$5.8M; Pre-Seed $100k–$1.3M; Series A $4.6M–$29M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • not8 — not8 is a SaaS platform that helps digital agencies and IT companies save those hours and increase employee productivity by up to 15% by moving all the conversations "inside the product".
  • Qeeper — On-demand property maintenance across London, Edinburgh and Brighton
  • Cloud Cycle — Globally we produce over 10 billion tons of concrete each year, its the second most consumed material on the planet behind wate and is responsible for upto 10% of global CO2 emissions. Around 5% of all concrete produced goes to waste, this waste in the UK alone costs around £400 million.Cloud Cycle has developed an on-truck device and sensorarray which feeds our cloud platform to ensure concrete meets specification & prevents waste. Even when surplus does still occur, our marketplace for the local on-sale of surplus concrete will find a buyer. We aim to save industry billions whilst reducing global CO2 by 1%.We are using advanced technology & the circular economy to transform the concrete industry.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 2 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: 1594
  • Round size: Series A $5.4M–$40M; Series B $10M–$100M; Series C $10M–$180M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $65M in 2018

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • Rillet — Rillet automates majority of month-end close and offers powerful GAAP and SaaS reporting. The software has built-in revenue recognition, invoicing, and AI-powered accounting.
  • Nevis — Nevis is the world's first AI-powered platform designed specifically for wealth management. It automates operational tasks that consume as much as 80% of a financial advisor's day, such as meeting preparation, document management, opening custodian accounts, and client onboarding. This allows advisors to focus more on deliveringpersonalized client service and growing their businesses.
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Visionaries Club
VC Fund · Berlin, Berlin, Germany · 2 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: 80
  • Round size: Seed $2.7M–$17M; Series A $10M–$55M; Series B $29M–$111M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Apron — Sort, pay and reconcile your invoices in seconds.
  • Pivot — Pivot operates as a fintech company.
  • Pledge — Pledge makes it simple for businesses of every size to measure, reduce and offset the climate impact of their products.
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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, SaaS, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 27
  • Round size: Seed $1M–$5.5M; Pre-Seed $2.8M–$4.5M; Series A $4.9M–$59M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • IntuiCell — IntuiCell develops a fundamentally new recursive computing architecture and associated technology platform.
  • MusicInfra — Organizing connections between recordings, compositions, and rightsholder claims to reduce friction and enable monetization. AI-powered recognition and matching solutions for the music industry.
  • Take Take Take — Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement.
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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.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
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: 40
  • Round size: Seed $2M–$6M; Series A $6M–$20M; Series B $30M–$70M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Vyze — Manage your money with Ally: online banking, auto financing, and investments. Financial products designed to help you pursue your goals.
  • Camino — Building permitting and licensing software designed to be user-friendly. Made for government agencies in North America.
  • LucidLink — Access and edit large files instantly from the cloud. Stream data on demand, collaborate in real time and keep every project secure.
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Skagerak Maturo
VC Fund · 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, SaaS, Information Technology
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 12
  • Round size: Seed $961k–$1.4M; Series A $2.7M–$7.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

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

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: 42
  • Round size: Seed $270k–$4.6M; Pre-Seed $500k–$2.4M; Series A $2.3M–$14M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • KIME — KIME enables you to track visibility across various AI platforms, analyze competitor presence, and apply clear steps to improve positioning in high-value searches that increase brand recognition and business impact.
  • DreamJay — We’re a team of scientists, designers and entrepreneurs working on digital solutions to empower people to sleep and dream better. After 3 years of research and experiments in a sleep lab as well as cooperation with sleep medicine experts, neuropsychologists, audiovisual researchers, we've found a way to improve sleep quality with activesleep stimulation. To make it accessible to the wide public we've developed the Nightly app - the world’s first app that actively stimulates you during sleep to make your sleep more efficient resulting in happier and healthier you. Nightly helps you fall asleep easily, reduces bad dreams & the number of awakenings during the night and also helps you get up by waking you up in the lightest sleep stage. Find out more at www.nightlyapp.co
  • 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.
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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: 253
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $9M–$53M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Attio — Unlock your team's true potential with Attio, the data-driven CRM for modern teams. Manage everything from sales leads through to recruitment pipelines.
  • Bearer — Bearer helps security teams at technology companies map data flows and mitigate data security risks across the software development lifecycle.
  • Omnea — The all-in-one procurement platform. Request purchases, automate approvals, and streamline your procurement process in one centralised solution.
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RAA Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway B2B startups

Discover how our investment firm fuels innovation by backing pre-IPO companies at the forefront of today's technology landscape. Join us in shaping tomorrow's breakthroughs.

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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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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, Solar
  • Stage:Series A, Series B
  • Geography: United States, Norway, Rwanda

Investor stats

  • Total investments: 39
  • Lead/follow: no public data

Portfolio highlights

  • Liminal — Advanced battery inspection and metrology with ultrasound and machine learning
  • Battery Smart — Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.
  • Vibrant Planet — Data-driven science and cloud-based technology to help make communities and ecosystems more resilient in the face of climate change.
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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: 24
  • Round size: Seed $971k–$6.2M; Pre-Seed $551k–$2M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • Fortifai — Increase efficiency and oversight on Environmental, Social, & Governance (ESG) topics - reduce implementation costs by up to 80%, and get set up in 30-60 days.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • Phantasma Labs — That Unlocks Hidden Capacity, Boosts EBITDA, and Delivers ROI in 6 Months
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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, Information Technology, Energy
  • Stage:Private Equity, Series A
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 58
  • Lead/follow: no public data

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 — The world's first digital fence system. With our solution, you get control of your pasture and herd while you're on the move, through our app.
  • 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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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, Information Technology
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 21
  • 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

  • Steep — Steep is an AI analytics platform built on governed metrics that powers analysis, reporting and company-wide engagement.
  • 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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Idekapital
VC Fund · Oslo, Oslo, Norway · 1 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:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 29
  • Lead/follow: no public data

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • Simplifai — Simplifai is a holistic Artificial Intelligence (AI) company with the vision to empower tomorrow's digital winners and to release the full potential of human employees through the smart application of artificial intelligence and automation technology. The company's disruptive, hyper-automation solutions allow customers to automate workprocesses where free-text, natural language emails, documents, or chat are the information carriers. Its Emailbot can automate the handling of up to 80% of the inquiries in an average customer service center.Simplifai was established in 2017 and is headquartered in Oslo, Norway.
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North Venture
VC Fund · 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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Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 1 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: 1377
  • Round size: Seed $1.4M–$10M; Series A $5M–$37M; Series B $12M–$86M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Humio — Humio operates as a time-series logging and aggregation platform designed for unrestricted and comprehensive event analysis. It is deployable on any infrastructure including both in the cloud and on-premises. Humio enables data aggregation, exploration, reporting, and analysis from a range of sources ingesting massive volumes of log data instantly.Its data storage and in-memory search/query engine technologies provide customers cost-competitive log management and analysis solution, all while requiring significantly less hardware and engineering resources.The company was founded in 2016 and is headquartered in London, England.
  • OpusClip — Opus Clip turns long videos into high-quality viral clips for you to share on TikTok, YouTube Shorts, and Reels to increase social media reach.
  • Arda Therapeutics — Arda Therapeutics is a biotechnology company taking aim at chronic diseases and aging by eliminating the pathogenic cells that drive these conditions. Their approach starts by using single-cell data to identify pathogenic cells and specific markers to target them. They then design therapies to eliminate these - and only these - cells.Arda wasfounded in 2021 in the San Francisco Bay Area, CA.
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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: E-Commerce, B2B, Logistics
  • Stage:Seed, Series A
  • Geography: Sweden, Norway, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $193k–$6.6M
  • 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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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: 124
  • Round size: Seed $2.7M–$17M; Pre-Seed $673k–$3.4M; Series A $9M–$30M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $150M in 2024

Portfolio highlights

  • 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 — Netic provides an AI-driven platform designed to automate and optimize customer engagement and operational workflows for essential service industries, including HVAC, plumbing, electrical, and appliance services. The platform autonomously handles inbound communications across various channels—such as calls, texts, and web chats—by bookingappointments and managing inquiries directly within existing CRM or field service management systems . Utilizing generative AI models, Netic's system assesses customer interactions to prioritize urgent requests, predict maintenance needs, and initiate targeted outreach campaigns based on factors like weather patterns and service history . This approach aims to enhance technician utilization and reduce missed revenue opportunities during periods of fluctuating demand . Additionally, Netic offers analytics tools that provide insights into customer interactions and operational performance, supporting data-informed decision-making .
  • Pilgrim — Pioneering a biologically enhanced future for humanity.
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B2B VC funding in Norway at a glance

Stats across 22 deals from 36 investors.

36
investors
in Norway B2B startups
22
deals
in Norway B2B startups
$2.7M
median round
in Norway B2B startups
33%
lead investors
lead at least one round
41%
Seed
most common funding stage

Access all 36 VC funds in Norway B2B startups.

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