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Top 35 CleanTech VC Funds & Investors in Norway (June 2026)

The most active venture capital funds investing in Norway CleanTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway CleanTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Speedinvest
VC Fund
4 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $549k–$38M
Voyagers
VC Fund
3 Germany, United Kingdom, The Netherlands Seed, Pre-Seed, Convertible Note Manufacturing, Software, Renewable Energy $1M–$6.6M
Contrarian Ventures
VC Fund
2 Lithuania, United Kingdom, France Seed, Series A, Pre-Seed Software, Renewable Energy, Energy $55k–$23M
Singularity
VC Fund
2 Norway Pre-Seed, Convertible Note SaaS, Software, CleanTech
Burnt Island Ventures
VC Fund
2 United States, United Kingdom, Norway Series A, Seed, Series B Water, Software, Information Technology $300k–$23M
Nysnø
VC Fund
2 Norway, United Kingdom Series A, Series B Renewable Energy, Robotics, Software $5M–$44M
RunwayFBU
VC Fund
2 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $551k–$6.2M
Sound Ventures
VC Fund
1 United States, Canada, Israel Series A, Seed, Series B Software, FinTech, Financial Services $2M–$105M
Link Venture Capital
VC Fund
1 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Renewable Energy, Marine Technology $400k–$4.4M
We Are Human
VC Fund
1 Norway Seed, Angel, Convertible Note SaaS, Mobile, Software
Bonheur ASA
VC Fund
1 United Kingdom, Norway Series A, Pre-Seed SaaS, Energy, Software $5.9M–$14M
Vito One
VC Fund
1 Germany, Norway, Austria Seed, Pre-Seed, Series A Real Estate, Construction, Big Data $346k–$4M
FinStart Nordic
VC Fund
1 Norway Pre-Seed SaaS, Software, CleanTech
DNB
VC Fund
1 Norway, Sweden, United States Post-IPO Debt, Debt Financing Renewable Energy, Energy, Solar $89M–$1.2B
Acurio Ventures
VC Fund
1 Spain, United States, United Kingdom Seed, Series A, Series B Software, E-Commerce, Internet $1.2M–$54M
Amadeus Ventures
VC Fund
1 United States, Spain, Canada Seed, Series A Software, Travel, Mobile $6M–$15M
Shell Ventures
VC Fund
1 United States, United Kingdom, India Series A, Series B Energy, Renewable Energy, Software $3M–$126M
Freebird Capital
VC Fund
1 Norway Series A Water, CleanTech, Water Purification
Orion Advisor Solutions
VC Fund
1 Norway Series A Water, CleanTech, Water Purification
Rypples
VC Fund
1 Italy, Thailand, Australia Series A, Pre-Seed, Series B AgTech, Seafood, Robotics $8M–$23M
Wellers Impact
VC Fund
1 Norway Series A Water, CleanTech, Water Purification
Unpopular Ventures
VC Fund
1 United States, India, Mexico Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $500k–$69M
Firda
VC Fund
1 Norway Seed, Angel, Series B SaaS, Chemical, Software
MP Pensjon
VC Fund
1 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Wiski Capital
VC Fund
1 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$7.7M
World Wildlife Fund
VC Fund
1 Canada, Norway, Faroe Islands Seed, Series A Seafood, Aquaculture, Food Processing $1.9M–$6.2M
DNB Ventures
VC Fund
1 Norway, Greece, Sweden Post-IPO Debt, Seed, Pre-Seed Information Technology, Software, SaaS $1.4M–$200M
EMOS
VC Fund
1 Norway Solar, Energy, CleanTech
Agder Energi Venture
VC Fund
1 Norway Solar, Energy, Battery
Akershus Energi
VC Fund
1 Norway Solar, Energy, CleanTech
OBOS Forsikring
VC Fund
1 Norway Seed, Series A Real Estate, Information Technology, SaaS
KLP Liv
VC Fund
1 Norway Solar, Energy, CleanTech
GenZero
VC Fund
1 United States, Norway, Finland Series A Fuel, Energy, Software
Vinyl Capital
VC Fund
1 United States, India, Canada Seed, Series A, Pre-Seed E-Commerce, Software, Analytics $1.6M–$25M
CoFounder
VC Fund
1 Norway Seed, Series A Industrial, Manufacturing, SaaS $821k–$2.3M
Access all 59 VC funds in Norway CleanTech startups.

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Investor list

Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway CleanTech startups

Speedinvest is a globally active European venture capital firm built on a simple belief: many move more. From six offices across EMEA, our sector-focused investment teams back relentless founders from pre–Seed to Growth with long-term conviction, providing day-one access to our global network of corporate customers, experts, industry leaders, andtop-tier follow-on investors to scale smarter and faster. Building lasting companies like Bitpanda (Austria), Moove (Nigeria), Gigs (U.S.), Tide (UK), ARX Robotics (Germany), Wayflyer (Ireland), GoStudent (Austria), Seqera Labs (Spain), and Cylib (Germany) — together. Big ideas may start with one. But scaling and winning take The Power of More.

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Investment focus

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

Investor stats

  • Total investments: 528
  • Round size: Seed $823k–$8M; Pre-Seed $549k–$3.8M; Series A $3.7M–$38M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $384M in 2022

Portfolio highlights

  • Findery — Find and leave notes anywhere in the world, discover local knowledge, hidden secrets, and exciting stories. Share your travel knowledge, geoblog, or local news!
  • MinersAI — Unlock valuable insights from intricate geological data with Miners AI. Our AI-driven platform empowers exploration teams to make informed decisions and optimize mining operations.
  • Primer — Primer is the first open automation platform for payments, enabling you to build end-to-end payment flows with no code, and a checkout developers love.
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Voyagers
VC Fund · London, England, United Kingdom · 3 investments in Norway CleanTech startups

VOYAGERS organises by-invitation adventures designed to build close connections between exceptional people, with the goal of accelerating positive impact. Relationships deepen through our regular video calls, group chats and in-person dinner salons.

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Investment focus

  • Industry: Manufacturing, Software, Renewable Energy
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Germany, United Kingdom, The Netherlands

Investor stats

  • Total investments: 24
  • Round size: Seed $2M–$6.6M; Pre-Seed $1M–$2.5M; Convertible Note $3.5M–$5M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Ecair — Ecair provides software for indoor air quality and energy management. The platform aggregates data from connected sensors to track pollutants, CO2, humidity, temperature, and particulate matter in real time. Dashboards, alerts, and APIs support building operations, facility managers, and ESG teams. Algorithms estimate exposure, flag ventilationissues, and suggest HVAC adjustments to balance comfort, health, and energy use. Reporting tools support certifications and compliance, and data exports integrate with BMS, CMMS, and data warehouses. Services include device provisioning, calibration management, and analytics consulting for multi-site portfolios.
  • Climate X — Climate X combines climate science and econometrics to deliver precise climate risk data without any black boxes.
  • Ark Climate — Ark Climate is a climate-tech company that develops software to support municipal climate protection planning and execution.
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Norway CleanTech startups

We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel

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Investment focus

  • Industry: Software, Renewable Energy, Energy
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, United Kingdom, France

Investor stats

  • Total investments: 55
  • Round size: Seed $274k–$8M; Pre-Seed $55k–$4.1M; Series A $1.7M–$23M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Eliq — Energy data platform for utilities combining customer insights and operational intelligence to improve service, reduce churn and grow revenue.
  • PVcase — From site selection and design to yield optimization; PVcase helps streamline your entire process.
  • altrove AI — Altrove - Sustainable Alternatives to Critical Materials
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Singularity
VC Fund · 2 investments in Norway CleanTech startups

Luxembourg-based family office

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Investment focus

  • Industry: SaaS, Software, CleanTech
  • Stage:Pre-Seed, Convertible Note
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Skyfri — The most advanced operating platform for solar assets - maximizing production and reducing cost.
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Burnt Island Ventures
VC Fund · San Francisco, California, United States · 2 investments in Norway CleanTech startups

Burnt Island Ventures is a pre-eminent early-stage venture fund for water entrepreneurs. Burnt Island Ventures exists to find, fund and support the best of these founders.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $300k–$15M; Series A $4M–$23M; Series B $15M–$15M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Aclarity — Aclarity commercializes electrochemical water treatment systems for the complete destruction of contaminants in water. We offer a risk-free pilot of our technology.
  • CREW Carbon — CREW provides wastewater treatment facilities with a process intensification solution that improves performance, lowers costs, and permanently removes greenhouse gasses.
  • Cala Systems — Discover Cala, the innovative heat pump water heater that customizes heating to your lifestyle. Save money, reduce your carbon footprint, and enjoy easy installation with Cala. Reserve yours today and experience efficient, eco-friendly hot water tailored to your needs.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway CleanTech startups

Nysnø is a governmental climate investment fund investing in companies that solve climate challenges. The investment fund is set up as a commercial company that invests in technologies that contribute to reducing greenhouse gas emissions. It was established in 2017 in Stavanger, Rogalan by the Norwegian Ministry of Trade and Industry.

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Investment focus

  • Industry: Renewable Energy, Robotics, Software
  • Stage:Series A, Series B
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 31
  • Round size: Series A $5M–$40M; Series B $5.5M–$44M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • 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.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Dimensions Agri Technology — DAT is a Norwegian AgTech company offering a solution for real time patch spraying, using AI to recognize weeds in cereal fields.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 2 investments in Norway CleanTech 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: 27
  • Round size: Seed $971k–$6.2M; Pre-Seed $551k–$2M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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
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Sound Ventures
VC Fund · Beverly Hills, California, United States · 1 investments in Norway CleanTech startups

Sound Ventures is a venture capital firm. The company seeks to invest in the technology sector.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 201
  • Round size: Seed $2M–$10M; Series A $9M–$35M; Series B $15M–$105M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely still investing — raised $243M in 2023

Portfolio highlights

  • Knit — Knit pairs forward-deployed researchers with autonomous research agents to deliver decision-ready insights faster and better than traditional agencies, unlocking entirely new ways for the world's most iconic enterprises to run research.
  • Diadia Health, Inc — An AI medical reasoning platform that helps clinicians analyze the root causes of symptoms and create personalized protocols that drive better outcomes.
  • Arcade — Arcade is a B2C platform that transforms the jewelry market through its prompt-to-product solution, allowing users to create unique designs using AI. The marketplace supports various user roles, enabling customers, designers, and influencers to engage and collaborate.
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We Are Human
VC Fund · London, England, United Kingdom · 1 investments in Norway CleanTech startups

We Are Human strategise, design and build products and services that add value to people's lives through fulfilling a need or satisfying a desire. We Are Human is a platform to invest in great ideas and make them happen. By co-creating innovative new businesses, we can have impact in areas where they have a strong passion and desire toinfluence, improving their knowledge and skillset along the way. Through insights, future vision and human-centric design. We Are Human empower people, create change and instigate shared experiences that deliver tangible results.

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Investment focus

  • Industry: SaaS, Mobile, Software
  • Stage:Seed, Angel, Convertible Note
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Skyfri — The most advanced operating platform for solar assets - maximizing production and reducing cost.
  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • Fauna — When you need something, choose a green option. Through Fauna you will get bonus points for environmentally friendly purchases.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Bonheur ASA
VC Fund · 1 investments in Norway CleanTech startups

Bonheur ASA is a publicly traded Norwegian holding company headquartered in Oslo.

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Investment focus

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

Investor stats

  • Total investments: 3
  • Round size: Series A $5.9M–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tepeo — tepeo is designing and developing zero carbon domestic heating solutions
  • Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech
  • measurable.energy — Machine Learning and hardware platform to eliminate wasted energy and GHG emissions in buildings
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Vito One
VC Fund · Munich, Bayern, Germany · 1 investments in Norway CleanTech startups

Die Digitalisierung stellt uns vor neue Herausforderungen, denen wir mutig begegnen. Mit VC/O gestalten wir die Zukunft mit und investieren in sie.

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Investment focus

  • Industry: Real Estate, Construction, Big Data
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Norway, Austria

Investor stats

  • Total investments: 16
  • Round size: Seed $768k–$4M; Pre-Seed $346k–$425k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • DaiBau — Get bargains, bulk discounts on selected products and materials for your home.
  • Imerso — Imerso is a construction management software, powered by lean construction and BIM. It automates construction inspections by comparing As Built to As Planned.
  • Chooose — Accelerate your sustainable aviation fuel program with Chooose's software. Manage, report on, and scale your SAF initiatives effectively. Learn more!
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FinStart Nordic
VC Fund · 1 investments in Norway CleanTech startups

Finstart Nordic is an investment fund and an innovation company that invests in and partners with teams of exceptional founders. The company invests in ambitious startups capable of disrupting the financial industry, and help them scale in the Nordics and beyond.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech
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DNB
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

DNB is a financial services group that offers financial services through mobile, online banking, bank offices, and international offices. The Group provides a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. The company’s personal banking products andservices include savings and investment products.DNB offers its products and services to various sectors, including financial institutions, energy, manufacturing, healthcare, packaging, and forest products, shipping, offshore, and logistics, seafood, and telecom, media, and technology. They also distribute its products and services through its branches, in-store postal and banking outlets, and post office counters.DNB was founded in 1822 and is headquartered in Oslo, Norway.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 43
  • Round size: Post-IPO Debt $89M–$1.2B; Debt Financing $94M–$683M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Astor — Scandinavian Astor Group is a Swedish industrial and defense group.
  • Low Carbon — Low Carbon focuses on large-scale renewable energy investments embracing proven technologies including solar, wind, waste to energy and battery storage.
  • Capsol Technologies ASA
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Acurio Ventures
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Norway CleanTech startups

Acurio Ventures partners with visionary founders to make history happen. Acurio Ventures is a European early-stage VC that invests across sectors and business models and that relies on its entrepreneurial DNA, flexible approach and proven value add to partner with the best founders out there.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 111
  • Round size: Seed $1.2M–$6.8M; Series A $3.3M–$19M; Series B $10M–$54M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • UniteLabs — UniteLabs provides the foundational operating system for AI-driven lab automation in life science. It accelerates scientific discovery by closing the loop with a unified data and automation infrastructure, seamless integration, and intelligent control. Our platform empowers ambitious biotech companies, big pharma, integrators, and hardware vendorsby offering bidirectional connectors for diverse lab equipment, a scalable cloud platform with an open API, and a powerful workflow engine with an integrated compute environment. This allows for the creation of sophisticated, modular workflows, and enables rapid automation development through our Lab-as-Code environment, featuring a dynamic Python SDK and application-specific libraries.
  • TandemTrace — TandemTrace deploys autonomous AI agents that hunt, detect, and respond to cyber threats in real time.
  • Those Beyond — Those Beyond develops a social gaming platform that supports interactive fan experiences within fictional universes. The platform uses its proprietary Arise Engine to enable browser-based adventures, role-playing, and puzzle-solving activities involving mass community participation. Projects include collaborations with entertainment franchises suchas "The Walking Dead," allowing fans to engage with story-driven challenges and community events. The platform includes customizable social spaces designed to reflect the themes and aesthetics of the associated intellectual properties.
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Amadeus Ventures
VC Fund · Madrid, Madrid, Spain · 1 investments in Norway CleanTech startups

Explore Amadeus Ventures for cutting-edge innovations in travel. Discover groundbreaking startups and technologies shaping the future of the travel industry.

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Investment focus

  • Industry: Software, Travel, Mobile
  • Stage:Seed, Series A
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 10
  • Round size: Series A $6M–$15M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Busbud — Travel the world by bus. Compare and easily book bus tickets from thousands of bus companies for your next destination with Busbud.
  • Chooose — Accelerate your sustainable aviation fuel program with Chooose's software. Manage, report on, and scale your SAF initiatives effectively. Learn more!
  • Eccocar — Launch, operate and scale your digital shared mobility services. Technology that takes mobility to the next level!
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 1 investments in Norway CleanTech startups

Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.

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Investment focus

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

Investor stats

  • Total investments: 159
  • Round size: Series A $6M–$30M; Series B $3M–$126M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • AiDASH — AI-first SaaS company on a mission to transform operations, maintenance, and sustainability in industries with geographically distributed assets by using satellites and AI at scale.
  • Ionomr — Ionomr designs & manufactures advanced ion-exchange polymers & membranes that enable high performance and efficiency in applications like water & wastewater treatment, hydrogen production and advanced energy storage.
  • 2-B Energy — The perfect wind turbine for offshore floaters or floating platforms
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Freebird Capital
VC Fund · 1 investments in Norway CleanTech startups

Freebird Capital is an investment firm.

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Investment focus

  • Industry: Water, CleanTech, Water Purification
  • Stage:Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
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Orion Advisor Solutions
VC Fund · Omaha, Nebraska, United States · 1 investments in Norway CleanTech startups

Orion Advisor Solutions is the premier provider of the tech-enabled fiduciary process that transforms the advisor-client relationship.

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Investment focus

  • Industry: Water, CleanTech, Water Purification
  • Stage:Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
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Rypples
VC Fund · San Francisco, California, United States · 1 investments in Norway CleanTech startups

Rypples is an investment firm that provides acceleration, funding, and empowerment for ocean-focused businesses and entrepreneurs.

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Investment focus

  • Industry: AgTech, Seafood, Robotics
  • Stage:Series A, Pre-Seed, Series B
  • Geography: Italy, Thailand, Australia

Investor stats

  • Total investments: 6
  • Round size: Series A $8M–$23M; Series B $8.1M–$12M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
  • Hullbot — Hullbot is a developer of a robotic in-water cleaning system designed to inspect, map, and clean the hull of a boat without a human operator present. They offer design, development, and deployment of autonomous drones, delivering solutions to stop the growth of marine organisms, improve performance, and extend the time between haul-outs. Theirembedded intelligence enables their robots to interact with the environment on-the-fly.
  • W•SENSE — W•SENSE is a telecommunications company that specializes in underwater monitoring and communication systems based on IoUT solutions.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Wellers Impact
VC Fund · London, England, United Kingdom · 1 investments in Norway CleanTech startups

Wellers Impact is an FCA-Regulated Impact Investment Manager based in the United Kingdom that works to unlock community-focused impact through SDG-focused impact investing. Wellers Impact generates investment opportunities in three core business areas such as real estate development, financial support for agricultural firms and supply chains, andsanitation and plastics recycling companies.

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Investment focus

  • Industry: Water, CleanTech, Water Purification
  • Stage:Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
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Unpopular Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway CleanTech startups

The best companies, off the beaten path.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 253
  • Round size: Seed $1M–$8M; Pre-Seed $500k–$2.5M; Series A $6.8M–$69M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • DRUO — DRUO provides online payment gateway for businesses.
  • Golioth — Golioth helps developers to build IoT devices, secure your IoT, pipe device data from the edge to the cloud, and manage your IoT fleet from anywhere.
  • Sourcepulse — Sourcepulse is the internal status page for software delivery, alerting teams before costly delays. We collect anonymous feedback from project members to identify exactly what to fix, just like how Sentry captures system details for production errors.
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Firda
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech 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, Chemical, Software
  • Stage:Seed, Angel, Series B
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • Celsia — Saas, CleanTech, Software, Information Technology, Technology, RegTech
  • 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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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

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

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $500k–$5.5M; Series A $4.9M–$9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
  • Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway CleanTech startups

Venture capital firm focused on tech startups.

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Investment focus

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

Investor stats

  • Total investments: 11
  • Round size: Seed $740k–$7.7M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Evyon — Eyvon is an electrical company that provides EV battery solutions to accelerate into a fully renewable future for everyone. The company's proprietary hardware and Battery Cloud ecosystem enable the conversion of EV batteries into high-quality, affordable, and plug-and-play battery energy storage systems.Eyvon's mission is to convertbattery waste into high-quality battery systems by repurposing discarded EV batteries. By leveraging a standardized and data-driven value chain, their ambition is to provide solutions at less than half the price of new ones.It was founded in 2020 and is based in Oslo, Norway.
  • Cubit — No more old-school and time consuming applications made in the 90s. Welcome to the new generation of professional software, as user-friendly and smooth as your smartphone.
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World Wildlife Fund
VC Fund · Washington, District of Columbia, United States · 1 investments in Norway CleanTech startups

World Wildlife Fund - The leading organization in wildlife conservation and endangered species. Learn how you can help WWF make a difference.

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Investment focus

  • Industry: Seafood, Aquaculture, Food Processing
  • Stage:Seed, Series A
  • Geography: Canada, Norway, Faroe Islands

Investor stats

  • Total investments: 9
  • Round size: Seed $1.9M–$4.7M; Series A $4.5M–$6.2M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • SeaForester — Restoring the forgotten forests in our ocean.
  • Cascadia Seaweed — Cascadia Seaweed cultivates kelp and transforms it into agricultural products that boost yields, cut emissions, and support a healthy planet.
  • Ocean Rainforest — Ocean Rainforest offer a collection of premium fully-traceable seaweed products, mostly for food and cosmetic producers.
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DNB Ventures
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

DNB Ventures is the Corporate Venture Capital arm of the Norwegian DNB group.

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Investment focus

  • Industry: Information Technology, Software, SaaS
  • Stage:Post-IPO Debt, Seed, Pre-Seed
  • Geography: Norway, Greece, Sweden

Investor stats

  • Total investments: 6
  • Round size: Seed $1.4M–$1.8M; Post-IPO Debt $1.8M–$200M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Receipts — Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.
  • 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.
  • Vow Green Metals — Vow Green Metals purpose is to hasten the global switch to renewable resources by providing environmentally friendly substitutes for fossil reduction agents in the metallurgical sector.
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EMOS
VC Fund · Silava, Preilu, Latvia · 1 investments in Norway CleanTech startups

The EMOS company portfolio holds more than 1 300 active product items which are ready for immediate use. This product portfolio is divided into product groups lead by specialists who will help to ensure clarity in all aspects of technical support and purchase

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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Agder Energi Venture
VC Fund · Kristiansand, Vest-Agder, Norway · 1 investments in Norway CleanTech startups

Agder Energi Venture AS is the venture capital arm of Agder Energi AS specializing in seed, early, mid and late venture investments. The firm prefers to invest in companies operating in the energy sector based in Norway but will also consider making investments in international companies. Agder Energi AS was founded in 2007 and is based inKristiansand, Norway.

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Investment focus

  • Industry: Solar, Energy, Battery
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
  • Morrow Batteries — To solve the climate crisis, we need to accelerate the green energy transition. Morrow Batteries are building a giga-scale battery cell factory in the South of Norway. We will develop and industrialize new and innovative battery technology.
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Akershus Energi
VC Fund · Rånåsfoss, Akershus, Norway · 1 investments in Norway CleanTech startups

Akershus Energi is a power company producing hydroelectric power and electrical equipment. The company also focuses on efficient and renewable energy production, active power trading and profitable investments, development of hydropower, wind power and district heating, and data center and infrastructure. It sells the power generated and trades inthe financial market, as well as distributes hot water for heating and hot tap water purposes.Akershus Energi was established in 1922 and is based in Rånåsfoss, Norway.

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway CleanTech startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

  • Industry: Real Estate, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
  • Plaace — Proptech company creating vibrant streets and cities by helping property owners choose and connect with the right concepts, at the right place, using the right data.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
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KLP Liv
VC Fund · 1 investments in Norway CleanTech startups

KLP Liv

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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GenZero
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway CleanTech startups

GenZero is an investment platform company that aims to accelerate decarbonisation, for future generations towards a net zero world. Wholly-owned by Temasek, GenZero has a flexible investment approach and will invest globally across three focus areas: technology-based solutions, nature-based solutions as well as carbon ecosystem enablers. GenZero seeks to deliver positive climate impact alongside long term sustainable financial returns.

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Investment focus

  • Industry: Fuel, Energy, Software
  • Stage:Series A
  • Geography: United States, Norway, Finland

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Velocys — We provide the technology that enables sustainable, net negative carbon emissions fuel to be produced safely and effectively on a commercial scale.
  • CleanJoule — CleanJoule is a pioneer SAF. CleanJoule is a dedicated and creative collection of engineers, scientists, and visionaries working to create a sustainable planet, reduce global carbon emissions, and ultimately combat climate change. CleanJoule's cutting-edge technology allows it to harness existing biomass energy and turn it intohigh-performance aviation fuel as well as carbon-negative bio-rubber that can be used in a variety of consumer and commercial products.
  • Carbo Culture — We are a project developer with proprietary climate technology. We are building a rapidly scalable biochar carbon removal solution.
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Vinyl Capital
VC Fund · Boston, Massachusetts, United States · 1 investments in Norway CleanTech startups

Investing in the future of how people buy stuff.

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Investment focus

  • Industry: E-Commerce, Software, Analytics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 26
  • Round size: Seed $1.6M–$8.5M; Series A $5.3M–$25M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $40M in 2021

Portfolio highlights

  • Sequen — Sequen is an AI-native Behavior Design Engine and reinforcement-learning-driven platform that powers adaptive in-session search.
  • Drivepoint — Drivepoint (formerly Bainbridge) is the strategic finance platform for scaling consumer brands.
  • Blue Onion Labs — Accounting at the Speed of Ecommerce. Blue Onion provides the financial data foundation so you can do your most meaningful work.
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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway CleanTech startups

CoFounder is a management and investment company for technology companies with great growth potential. They are experienced entrepreneurs and business developers who provide management resources and early-stage capital. They work with spin-offs from both research and industrial environments, as well as standalone entrepreneurial companies.

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Investment focus

  • Industry: Industrial, Manufacturing, SaaS
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 10
  • Round size: Seed $821k–$2.3M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Nicoustic — Nicoustic developed accurate, non-intrusive technology for separator-level measurement based on Guided Ultrasonic Waves. Their technique uses guided ultrasonic waves to measure the amounts of solids and liquids using sensors. It is being developed to measure the interface layers between emulsion and foam.Nicoustic's prototype is the outcomeof 20 years of study at the German Fraunhofer IKTS and a response to a challenge put forth by Equinor, the largest energy company in Norway.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
  • Receipts — Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.
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CleanTech VC funding in Norway at a glance

Stats across 37 deals from 59 investors.

59
investors
in Norway CleanTech startups
37
deals
in Norway CleanTech startups
$3.5M
median round
in Norway CleanTech startups
41%
lead investors
lead at least one round
22%
Seed
most common funding stage

Access all 59 VC funds in Norway CleanTech startups.

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