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Top 50 Climate Startup Investors in Norway (August 2026)

The most active venture capital funds and angel investors investing in Norway Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Climate 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
21 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Investinor
VC Fund
12 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
ProVenture
VC Fund
11 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$5.6M
SINTEF Venture AS
VC Fund
9 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
RunwayFBU
VC Fund
7 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $538k–$6.2M
Momentum
VC Fund
7 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $401k–$18M
Alliance VC
VC Fund
5 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Shell Ventures
VC Fund
5 United States, United Kingdom, India Series A, Series B Energy, Renewable Energy, Software $2.8M–$126M
Nysnø
VC Fund
5 Norway, United Kingdom Venture - Series Unknown, Series A Robotics, Software, Manufacturing $5M–$106M
Trond Riiber Knudsen
Angel
4 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $300k–$3.5M
Valinor AS
VC Fund
4 Norway, United Kingdom Seed, Series A Energy, Robotics, Software $1.8M–$3.1M
Speedinvest
VC Fund
4 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $713k–$33M
Skagerak Capital
VC Fund
4 Norway, Sweden Series A, Venture - Series Unknown, Seed SaaS, Manufacturing, Information Technology $4.8M–$24M
Farvatn Venture
VC Fund
4 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$7.5M
Link Venture Capital
VC Fund
4 Norway, United Kingdom, The Netherlands Pre-Seed, Seed, Venture - Series Unknown Renewable Energy, Marine Technology, SaaS $400k–$4.3M
Aidiom
VC Fund
3 Norway, Hungary, Czech Republic Seed, Pre-Seed, Series A Software, Solar, Industrial $590k–$7M
Voima Ventures
VC Fund
3 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Amadeus
VC Fund
3 United States, Spain, Canada Series A, Venture - Series Unknown Software, Travel, SaaS $3M–$18M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Eviny Ventures
VC Fund
3 Norway, Sweden, Finland Seed, Venture - Series Unknown, Series A Software, Energy Storage, Renewable Energy $2.2M–$17M
Blue Bear Capital
VC Fund
3 United States, Germany, The Netherlands Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $2M–$42M
Voyagers
VC Fund
3 Germany, United Kingdom, The Netherlands Seed, Pre-Seed, Convertible Note Manufacturing, Software, Renewable Energy $1M–$6.4M
Sandwater
VC Fund
3 Norway, Germany, France Series A, Seed AgTech, Medical, Agriculture $8.5M–$24M
Stratel
VC Fund
3 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
TRUMPF Venture
VC Fund
3 Germany, Switzerland, United States Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $2.2M–$70M
Singularity
VC Fund
3 Norway, Sweden, United States Pre-Seed, Convertible Note SaaS, Music, Solar $220k–$1.5M
Chris Murphy
Angel
3 United States, United Kingdom, Germany Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $450k–$35M
Statkraft Ventures
VC Fund
3 Norway, France, Germany Series B, Series A, Seed Energy, Renewable Energy, Big Data $1.9M–$115M
Wiski Capital
VC Fund
3 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$8.3M
Sennheiser
VC Fund
2 Norway Venture - Series Unknown Manufacturing, Information Technology $7.6M–$7.6M
Luminar Ventures
VC Fund
2 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
Burnt Island Ventures
VC Fund
2 United States, United Kingdom, Norway Series A, Seed, Series B Water, Software, Information Technology $300k–$23M
MP Pensjon
VC Fund
2 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Sondo Capital
VC Fund
2 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $600k–$16M
Superorganism
VC Fund
2 United States, Norway, Sweden Seed, Pre-Seed, Series A Software, Machine Learning, Artificial Intelligence $2M–$8M
Amadeus Ventures
VC Fund
2 United States, Spain, Canada Venture - Series Unknown, Seed, Series A Software, Travel, SaaS $6M–$18M
Rolf Ahlqvist
Angel
2 Norway Pre-Seed Water, Big Data, Analytics $140k–$162k
Akershus Energi
VC Fund
2 Norway Solar, Energy, CleanTech
Azolla Ventures
VC Fund
2 United States, Norway, New Zealand Seed, Pre-Seed, Series A Energy, Biotechnology, Environmental Engineering $600k–$15M
Loyal VC
VC Fund
2 United States, Canada, United Kingdom Pre-Seed, Seed Artificial Intelligence, Software, FinTech $30k–$2.5M
Lyse Group
VC Fund
2 Norway Venture - Series Unknown, Seed, Series B SaaS, Water, Sensor $8.8M–$17M
Lifeline Ventures
VC Fund
2 Finland, United States, United Kingdom Seed, Series A Software, Health Care, E-Commerce $547k–$20M
Contrarian Ventures
VC Fund
2 Lithuania, United Kingdom, France Seed, Series A, Pre-Seed Software, Renewable Energy, Energy $55k–$23M
Ferd
VC Fund
2 Norway, Sweden, United States Private Equity, Series A Software, Energy, Information Technology $2.2M–$14M
Bakken & Baeck
VC Fund
2 Norway Seed, Angel Chemical, Software, Life Science
Dawn Capital
VC Fund
2 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology $3M–$101M
CoFounder
VC Fund
2 Norway Seed, Series A Industrial, Manufacturing, SaaS $956k–$2.3M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Petter Stordalen
Angel
2 Norway Seed, Pre-Seed Apps, Energy, Customer Service
Skyfall Ventures
VC Fund
2 Norway, Denmark, United States Seed, Pre-Seed Software, Artificial Intelligence, Information Technology $350k–$6.1M
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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 · 21 investments in Norway Climate 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: 2216
  • 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

  • Praktiki — Praktiki is building the "Decision Layer" for medicine.While medical knowledge doubles every 73 days, frontline clinicians struggle to translate guidelines into practice. Current AI search tools excel at surfacing public data from clinical trials, but fail to capture "how" experts apply that evidence in real-world scenarios.Praktiki fills this gap. We utilise an AI Agentic Creator Engine to capture tacit specialist reasoning and fuse it with public evidence. This feeds a proprietary Expert Knowledge Graph that powers: 1) Microlearning: Case-based modules created 10x faster and which are 170% more effective than traditional education 2) AI Expert Guidance: Real-time decision support synthesising evidence with expert implementation strategies.2025 Traction - our MVP proved that solving the expertise gap drives high engagement: - Registered >10% of UK GPs - 60,000+ modules completed with an 85% completion rate - 51% month-over-month growth - Market-leading NPS of 83We are building a compounding data moat to expand beyond education into clinical intelligence and healthcare data solutions.
  • Mast — Mast is the cloud-native, fully configurable loan origination platform empowering lenders to process applications faster and smarter. We make lending better, smoother and faster.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 12 investments in Norway Climate 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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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 11 investments in Norway Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $744k–$3.7M; Series A $4.9M–$5.6M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 9 investments in Norway Climate startups

We commercialize technology created by SINTEF's research environments

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Investment focus

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

Investor stats

  • Total investments: 34
  • Round size: Seed $160k–$6.2M; Venture - Series Unknown $1.6M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2018

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • 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.
  • Hydrogen Mem-Tech — Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 7 investments in Norway Climate 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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Momentum
VC Fund · Bergen, Hordaland, Norway · 7 investments in Norway Climate startups

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

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Investment focus

  • Industry: Renewable Energy, Energy, Manufacturing
  • Stage:Seed, Series A
  • Geography: Norway, Finland, United Kingdom

Investor stats

  • Total investments: 16
  • Round size: Seed $401k–$4.2M; Series A $8M–$18M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • Photoncycle — The year-round solar energy system for heating and electricity
  • RENTICY LIMITED — Renticy provides an e-commerce and point-of-sale platform that enables retailers to offer rental and try-before-you-buy options on existing stock. The company supports online and in-store channels through plugins, APIs, and QR-based tools that add rental terms, deposits, and flexible billing into existing checkout flows. Its system managesbookings, customer onboarding, identity checks, fraud screening, payments, deposits, and real-time inventory for short-term and flexible rental models. Renticy offers built-in rental protection that helps merchants handle damage, loss, and non-returns within defined coverage limits. It also supports OWNit, a try-before-you-buy flow where customers trial items before deciding to purchase. The platform is used across categories such as electronics, fashion, musical instruments, and other consumer goods.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Climate 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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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 5 investments in Norway Climate 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: 166
  • Round size: Series A $6M–$31M; Series B $2.8M–$126M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • 2-B Energy — The perfect wind turbine for offshore floaters or floating platforms
  • Orb Energy — Orb Energy is a vertically integrated solar company that manufactures solar panels, design, install, and services complete system, and finance C&I customers.
  • Airborne Oil & Gas — Airborne Oil & Gas (AOG) has developed a range of Thermoplastic Composite Pipe (TCP) products that offer unique benefits for offshore oil & gas operations. The thermoplastic composite pipes are corrosion-free, lightweight and spoolable, and can be deployed in the most demanding offshore and subsea applications. These intrinsic propertiesenable a step-change in offshore and subsea operations, with a 30 – 50% capex saving, and even higher opex savings. \r\n\r\nThe pipes are non-metallic, which eliminates the need for expensive corrosion prevention and inspection measures. This enhances reliability and safety while significantly reducing operational expenditure, particularly for Flowlines. The spoolable composite pipes can be installed significantly faster and with simpler vessels than traditional steel-based pipes. \r\n\r\nThe AOG headquarter and manufacturing facility is based in IJmuiden (Port of Amsterdam), the Netherlands and has regional sales offices in major oil & gas hubs in Asia and the US. AOG has 90 employees.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 5 investments in Norway Climate startups, 8 in the past 12 months

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: Robotics, Software, Manufacturing
  • Stage:Venture - Series Unknown, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Series A $5M–$40M; Venture - Series Unknown $10M–$106M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Alva Industries — Serving industries from aerospace to marine, we deliver high-performance, sustainable motors to drive a cleaner, more efficient future.
  • Maritime Robotics — Maritime Robotics is a leading global high-tech company creating sustainable autonomy at sea. Our technology makes ocean space accessible and safe worldwide.
  • HIVE — A new era of work. Limitless.
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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 4 investments in Norway Climate startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $320k–$3.5M; Angel $300k–$933k; Pre-Seed $672k–$1.8M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Soolv — Automated screening that reads every application, surfaces real potential early, and gives you a consistent shortlist in minutes
  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
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Access 48,091 investors

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

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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 4 investments in Norway Climate startups

Established in 1996 as Norsk Vind AS, re-branded Valinor AS in 2019, the company is a family owned investment firm that holds controlling interest in Norsk Vind Energi AS, Norway's largest private wind company. The company re-invests 90% of its profits into clean tech and renewable energy companies worldwide. Its largest investments includeglobal leader in electricity infrastructure Zaptec, and solar energy developer Norsk Solar AS.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$3.1M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Aivero — Orvue is launching the world's first single-use, robot-assisted laparoscope. Surgeon-controlled camera with robotic precision for enhanced surgical efficiency.
  • Heaten — HeatBooster - Patented high-temperature heat pump technology reducing the reliance on fossil fuels by creating reusable energy.
  • Sensonomic — Sensonomic helps you improve your land-based decisions by building digital versions of your operations. Test the outcome of your decisions before implementation.
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Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway Climate 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: 603
  • Round size: Seed $1M–$8M; Pre-Seed $713k–$3.8M; Series A $4.1M–$33M
  • Lead/follow: 41% lead, 59% 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!
  • Facility — Flexkeeping is a Hotel Operations Platform designed to help teams automate and collaborate like never before.
  • Polaron — Material Design. Supercharged with AI.
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Skagerak Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 4 investments in Norway Climate 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: SaaS, Manufacturing, Information Technology
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 8
  • Round size: Series A $4.8M–$24M; Venture - Series Unknown $7.6M–$11M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Zaver — Zaver is the developer of a peer-to-peer payments network that facilitates trades among peers. The company's technology automatically generates verified digital agreements between parties and includes algorithms for intelligent fraud detection, allowing users to conduct peer-to-peer transactions with lower fraud risk.
  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
  • Nanopower Semiconductor — Hompage Nanopower Semiconductor
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Farvatn Venture
VC Fund · 4 investments in Norway Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$7.5M; Pre-Seed $120k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
  • Noteless — Noteless develops an AI-powered platform that converts doctor-patient conversations into structured medical notes. This tool is designed to streamline documentation processes for healthcare professionals, allowing them to focus more on patient care. The platform supports various specialties, including general practitioners, physiotherapists, andpsychologists, and is available in multiple languages such as English, German, Spanish, French, Dutch, Norwegian, and Danish. It ensures data privacy by not storing audio recordings or using patient data for model training, adhering to GDPR compliance. Healthcare providers can integrate the platform into their existing systems, aiming to reduce administrative burdens and enhance workflow efficiency.
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Aidiom
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Climate startups

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

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Investment focus

  • Industry: Software, Solar, Industrial
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Hungary, Czech Republic

Investor stats

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

Portfolio highlights

  • Volteum — Electric vehicle (EV) fleets made easy. Volteum helps companies transition to EVs, optimize charging, and manage electric car fleet operations efficiently.
  • Aevy — Turn your renewable asset documents into profitable decisions
  • Sun Store — Join sun.store, the go-to marketplace for solar installers and retailers. Discover opportunities from buying premium solar products to expanding your sales.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Norway Climate startups

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 60
  • Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Amadeus
VC Fund · Madrid, Madrid, Spain · 3 investments in Norway Climate startups

Discover how Amadeus' platform and technology help airlines, travel agencies, hotels and others connect, do business, and deliver better travel experiences.

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Investment focus

  • Industry: Software, Travel, SaaS
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 13
  • Round size: Series A $6M–$18M; Venture - Series Unknown $3M–$3M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • 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!
  • Acai Travel — An all-in-one solution to enable your agents be twice as efficient, to optimize your call centers, and gain your customers' trust
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Norway Climate startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

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

Investor stats

  • Total investments: 81
  • Round size: Seed $767k–$6.2M; Pre-Seed $165k–$1.6M; Series A $5.3M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $35M in 2022

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!
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Eviny Ventures
VC Fund · Bergen, Hordaland, Norway · 3 investments in Norway Climate startups

Eviny Ventures is the venture fund of the Eviny Group, which invests in start-up and growth companies that think new and have the potential to play a key role in the renewable society of the future.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $2.2M–$5.8M; Venture - Series Unknown $7.5M–$17M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Engrate — Engrate is the AI-native energy connectivity platform that integrates trading markets, grid systems, and energy data. We eliminate 90% of integration development time, letting you focus on building core value instead of connectivity.
  • Skyfora — Skyfora delivers sub-kilometer insights, nowcasts, and probabilistic forecasts so your teams can plan with confidence, no matter the weather.
  • Photoncycle — The year-round solar energy system for heating and electricity
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Blue Bear Capital
VC Fund · Beverly Hills, California, United States · 3 investments in Norway Climate 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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Voyagers
VC Fund · London, England, United Kingdom · 3 investments in Norway Climate 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: 25
  • Round size: Seed $2.3M–$6.4M; 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.
  • Ark Climate — Ark Climate is a climate-tech company that develops software to support municipal climate protection planning and execution.
  • Crosstown H2R — Industrial-grade hydrogen burner technology for decarbonisation. 95% emission reduction, retrofittable design, sub-15ppm NOx compliance.
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Sandwater
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Climate startups

We are Sandwater. Regeneration of our resources. Vitalizing healthcare & education. Improving life through technology.

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Investment focus

  • Industry: AgTech, Medical, Agriculture
  • Stage:Series A, Seed
  • Geography: Norway, Germany, France

Investor stats

  • Total investments: 24
  • Round size: Series A $8.5M–$24M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Mantle8 — Using bottom-up exploration and decades of geology experience, we are on a mission to deliver natural hydrogen to the world.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
  • Alva Industries — Serving industries from aerospace to marine, we deliver high-performance, sustainable motors to drive a cleaner, more efficient future.
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Stratel
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Climate startups

Stratel AS is a family owned Norwegian investment and development company, founded in 1976 by Reidar Lorentzen. Stratel invests in entrepreneurs and companies with high ambitions, positive impact and a promising value potential. We invest in both startups, ventures and mature businesses. ​ Their investment philosophy is for Fun, Sense and Profit.

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Investment focus

  • Industry: Software, Robotics, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United Arab Emirates

Investor stats

  • Total investments: 9
  • Round size: Seed $320k–$3M; Pre-Seed $1.3M–$2M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Over Easy Solar — Prefabricated units with vertical bifacial solar panels for flat and green rooftops. The innovative photovoltaic solution from Over Easy Solar is unique, with quick and easy mounting for sedum roofs and flat roofs with low load-bearing capacity.
  • Inherit Carbon Solutions — Permanent carbon removal from organic waste, operational today. We capture biogenic CO2 and store it permanently under the North Sea.
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TRUMPF Venture
VC Fund · Ditzingen, Baden-Wurttemberg, Germany · 3 investments in Norway Climate startups

The corporate venture capital arm TRUMPF Venture extends TRUMPF’s comprehensive activities to promote innovation and to detect disruptive technologies and business models early on. TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing as well as industrial lasers. TRUMPF Venture investsglobally in early-stage start-ups active in areas complementary or adjacent to the TRUMPF core, such as Advances Photonics and Smart Factory. Funded start-ups benefit from an extensive network, deep domain knowhow, proven skills in scalability as well as support to access the TRUMPF group and its ecosystem. The requirements for a potential investment are a strategic fit, a high innovation leverage and differentiation in business model or technology, an experienced management team and risk adequate financial returns.

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Investment focus

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

Investor stats

  • Total investments: 32
  • Round size: Seed $2.2M–$3.4M; Series A $4.1M–$12M; Series B $4.3M–$70M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $47M in 2016

Portfolio highlights

  • Quside — Our QRNGs let innovators build advanced solutions for cybersecurity and computation.
  • Threedy — Unlock the power of real-time 3D data. Accelerate workflows, optimize operations, and scale effortlessly with instant3Dhub.
  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
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Singularity
VC Fund · 3 investments in Norway Climate startups

Luxembourg-based family office

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Investment focus

  • Industry: SaaS, Music, Solar
  • Stage:Pre-Seed, Convertible Note
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $220k–$1.5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Skyfri — The most advanced operating platform for solar assets - maximizing production and reducing cost.
  • Baase AB — Baase AB is a banking-as-a-service provider linking Banks and Brands together. Baase empower brands with financial services and connect banks with new customers.
  • Museverse — Museverse is an immersive XR platform that transforms music education and creativity with interactive AI-driven experiences.
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Chris Murphy
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Norway Climate startups

Chris Murphy is a Venture Partner at MS&AD Ventures. He previously cofounded SaaStock and was an early Web Summit employee.

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Investment focus

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

Investor stats

  • Total investments: 65
  • Round size: Seed $1.8M–$10M; Pre-Seed $450k–$3.4M; Series A $7.5M–$35M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jack & Jill AI — Jack helps candidates find the perfect job and Jill helps companies find the perfect candidate.
  • SimpleStudy — Learn smarter with revision notes, past papers, quizzes, and expert tools for major Irish academic exams. Join SimpleStudy Ireland and boost your grades today.
  • Jentic — The sovereign operating layer for enterprise AI agents. Connect agents to any API with scoped access, runtime credential injection, and full audit. Open, self-hosted, no lock-in.
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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 3 investments in Norway Climate startups

Statkraft Ventures is a long-term partner for entrepreneurs disrupting the energy sector.

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Investment focus

  • Industry: Energy, Renewable Energy, Big Data
  • Stage:Series B, Series A, Seed
  • Geography: Norway, France, Germany

Investor stats

  • Total investments: 50
  • Round size: Seed $1.9M–$4.7M; Series A $3.2M–$17M; Series B $8.5M–$115M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • DEPsys — Our advanced smart grid solutions and insights empower electricity DSOs and simplify their journeys through the energy transition.
  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
  • Electra.aero — Electra is a next-gen aerospace company devoted to sustainable urban & regional air mobility led by industry pioneer Dr. John Langford.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 investments in Norway Climate 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–$8.3M
  • 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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Sennheiser
VC Fund · Hanover, Niedersachsen, Germany · 2 investments in Norway Climate startups

Sennheiser develops, manufactures, and markets headphones, headsets, microphones, and integrated systems.It offers headphones and headsets, wired and wireless microphones, cordless microphone systems, and conference and information systems as well as aviation and audiology products. It also provides sport headphones, gaming headsets, wirelessheadphones, audio headphones, assistive listening systems, Internet telephony systems, wired monitoring systems, home audio systems, stage and monitoring systems, headbands, earphones, neckbands, vocal and presentation microphones, integrated systems, PA systems, visitor guidance systems, presentation systems, conference systems, language interpretation systems, and assistive listening systems.The company was founded in 1945 and is based in Wedemark, Germany with factories in Germany, Ireland, and the United States. It has sales subsidiaries in France, Great Britain, Belgium, the Netherlands, Switzerland and Liechtenstein, Germany, Denmark, the Russian Federation, Hong Kong, India, Singapore, Japan, China, Canada, Mexico, and the United States.

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Investment focus

  • Industry: Manufacturing, Information Technology
  • Stage:Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Venture - Series Unknown $7.6M–$7.6M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Norway Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 65
  • Round size: Seed $960k–$5.4M; Series A $8.3M–$21M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FirstQFM — FirstQFM offers patent-pending AI foundation models for quantum computing.
  • Insurely — Insurely is the leading open insurance platform. A platform that enables experiences that improve conversion and increase customer loyalty.
  • Ivy Interactive — Ivy is the the AI-first open source .NET framework that helps developers build powerful internal tools faster without reinventing the wheel.Ivy is an open-source tool that makes it incredibly easy to create and deploy .NET applications, powered by AI. Start building smarter applications faster. AI powered .Net development. The ultimate toolkitfor building internal apps - App Generator Turn any database into full-featured backoffice applications in minutes with AI. - Database Generator - Design, build and deploy production quality databases models with AI. - Add Authentication - Ivy provides a variety of build in authentication providers to add sign in to your apps. - Dashboard Generator- Build and deploy dashboard in minutes. - One-Click Cloud Deploy - Deploy to Azure, AWS or GCP in seconds.
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Burnt Island Ventures
VC Fund · San Francisco, California, United States · 2 investments in Norway Climate 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 $4.2M–$15M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
  • 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.
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
  • Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate startups

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

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $600k–$2M; Series A $11M–$16M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Mimir — Mimir provides an AI automation platform that connects to e-commerce software stacks to automatically handle and resolve customer support tickets across email, chat, and social media channels. The system can either fully automate replies or generate draft responses for customer service teams to manually approve before sending.
  • 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.
  • Fronted — Fronted is a company that specialises in helping organisations scale by giving access to global talent in software development and related services.
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Superorganism
VC Fund · New York, New York, United States · 2 investments in Norway Climate startups

Superorganism is a venture fund for biodiversity.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $3.4M–$8M; Pre-Seed $2M–$2M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Cecil — From nature-based offset projects to biodiversity inventories, we simplify natural asset management for project developers, intermediaries, asset managers and investors.
  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
  • Deep Forestry — Deep Forestry AB specializes in developing autonomous survey drones equipped with 3D AI technology. These drones are designed to navigate through forests and agricultural plantations, scanning individual trees to measure biodiversity and gather detailed data. The company focuses on leveraging deep-tech solutions in 3D AI, autonomous robotics, andcomputer vision to enhance forest management and agricultural practices.
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Amadeus Ventures
VC Fund · Madrid, Madrid, Spain · 2 investments in Norway Climate 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, SaaS
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 10
  • Round size: Series A $6M–$18M
  • 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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Rolf Ahlqvist
Angel · Stavanger, Rogaland, Norway · 2 investments in Norway Climate startups

Rolf Ahlqvist

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Investment focus

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

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $140k–$162k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Intoto — River and coastal risk management to protect assets, people and the environment.
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Akershus Energi
VC Fund · Rånåsfoss, Akershus, Norway · 2 investments in Norway Climate 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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Azolla Ventures
VC Fund · Cambridge, Massachusetts, United States · 2 investments in Norway Climate startups

Azolla Ventures invests in breakthroughs that could avert catastrophic climate change. We partner with visionary founders for solutions.

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Investment focus

  • Industry: Energy, Biotechnology, Environmental Engineering
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Norway, New Zealand

Investor stats

  • Total investments: 19
  • Round size: Seed $3M–$12M; Pre-Seed $600k–$4.3M; Series A $6.8M–$15M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Scalvy — Scalvy is a distributed power delivery company that develops modular power electronics and energy systems that enable distributed power delivery for applications such as data centers, energy storage, and electric mobility. The company replaces traditional centralized power architectures with a distributed system of “power neurons,” which convertand manage electricity closer to the point of use, improving efficiency, scalability, and system reliability. Its platform is built on software-defined, modular components that can be scaled across different power levels and use cases, allowing flexible deployment in high-demand environments. These systems support high-voltage output ranges and deliver high power density while reducing the physical footprint and complexity of conventional power infrastructure.
  • Eqon — Revolutionary heat management with up to 80% lower consumption. EQON provides smart solutions for energy, smart cities, and offshore.
  • FAST Metals — FAST Metals is focused on developing innovative methods for the recovery and production of a range of valuable metals, including iron, aluminum, scandium, titanium, and rare earth elements.
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Loyal VC
VC Fund · Toronto, Ontario, Canada · 2 investments in Norway Climate startups, 6 in the past 12 months

Loyal runs a global venture fund with quarterly redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Partnered with INSEAD, Founder Institute, and 500+ advisors, we are Loyal to the world with 250+ investments in 50+ countries.

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Investment focus

  • Industry: Artificial Intelligence, Software, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 164
  • Round size: Seed $142k–$2.5M; Pre-Seed $30k–$1.2M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Dehurdle — Scale employee communication skills with real-time AI voice simulations, objection handling drills, and vocal analytics.
  • Vireo Capital — AI-powered portfolio monitoring, due diligence and reporting for mid-cap private equity and impact funds.
  • Hyperbond Studio — Hyperbond Studio builds AI-driven games and interactive experiences, including the Call Me Sensei app. We combine technology and emotion to create unforgettable digital worlds.
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Lyse Group
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Climate startups

Lyse er et norsk energi- og telekomkonsern som leverer produkter under merkevarene Altibox, ice og Lyse.

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Investment focus

  • Industry: SaaS, Water, Sensor
  • Stage:Venture - Series Unknown, Seed, Series B
  • Geography: Norway

Investor stats

  • Total investments: 7
  • Round size: Venture - Series Unknown $8.8M–$17M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Heimdall Power — Heimdall Power helps utilities optimize the power grid with state-of-the-art sensors and software, enabling real-time capacity management and situational awareness for a more efficient and reliable energy system.
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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Norway Climate startups

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 190
  • Round size: Seed $547k–$5.4M; Series A $2.7M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $171M in 2023

Portfolio highlights

  • ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
  • Thor Dynamics — Headquartered in Orlando, Florida, with a European base in Finland, Thor Dynamics specializes in directed energy systems for defense against drones and drone swarms. The company’s innovative solutions are available worldwide to protect critical infrastructure and enhance national security. Laser Armor™ is a complete directed energy counter-dronesolution. Utilizing advanced radar and optical systems it can detect, track, and target hostile targets. High-power directed energy from Thor’s Laser Engines then eliminates the threat in seconds. Multiple safety systems ensure accurate target identification and minimal collateral damage.
  • Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Norway Climate 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: 56
  • Round size: Seed $274k–$8M; Pre-Seed $55k–$4M; Series A $1.7M–$23M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Fusebox Energy — Fusebox is a bridge between consumers and energy markets to save on energy costs and reduce CO2.
  • Inion software — EMS, Power Plant Control and Cybersecurity solutions for solar, wind and battery storage projects.Discover our performance-boosting monitoring systems. It
  • Thrust — Intelligent UAV Systems for Aerial Diagnostics Services
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Ferd
VC Fund · Lysaker, Akershus, Norway · 2 investments in Norway Climate 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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Bakken & Baeck
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate startups

Since 2011, we have built products with some of the most ambitious companies out there. From defining the future of conversational AI with Sierra to building decentralised platforms with Coinbase.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Versor — Versor develops software necessary for true autonomous drone flight both indoors and outdoors, enabling complete automation of industrial drone operations. They believe this level of automation requires superior localization, which is particularly difficult to achieve indoors and in GPS-denied areas. By removing the need for pilots, entire fleetsof drones may be supervised remotely, enabling true scalability of drone operations across various applications.
  • Iris.ai — Augment expert knowledge by unifying complex enterprise data to empower next-gen AI agents & applications
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Dawn Capital
VC Fund · London, England, United Kingdom · 2 investments in Norway Climate startups

Dawn Capital is an early-stage venture fund focused on investing in the enterprise software and FinTech sectors.It provides capital and counsel to support founders to scale their business’s growth through talent, products, and business models to become category-defining, global companies. The firm is powered by cloud computing, ever-loweringbarriers to entry and multi-player categories are changing the way people live and work. As this innovation continues, with the growth of AI and no-code applications, the investment opportunities in Dawn’s area of expertise continue to increase. Its portfolio companies include Mimecast, iZettle, Neo Technology, iControl, Showpad, and Gelato Group.Dawn Capital was founded by Haakon Overli and Norman Fiore in August 2006 and is based in London, United Kingdom.

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Investment focus

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

Investor stats

  • Total investments: 145
  • Round size: Series A $3M–$39M; Series B $9.8M–$66M; Series C $10M–$101M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $80M in 2023

Portfolio highlights

  • Cortea — Purpose-built AI grounded in auditing standards. Consistent, defensible audits every time. Trusted by DHPG and Mazars.
  • Flatpay — Flatpay's fair, flat-rate pricing simplifies payments & cuts costs. Benefit from our comprehensive solution & superior customer service. Join us now!
  • Inforcer — Standardize Microsoft 365 security policies across multiple tenants with ease using inforcer. Gain visibility, upsell security offerings, increase compliance and reduce risk. Book a demo now!
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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Climate 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 $956k–$2.3M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • AlumatIQ — AlumatIQ specializes in industrial robotics, automation, and digitalization in the aluminum industry. Their first product is robotic automation of the anode change process, with high accuracy, consistency, and speed. Improves health and safety conditions for operators in pot rooms and reduces emissions of HF and greenhouse gases.
  • 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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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 2 investments in Norway Climate startups

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 89
  • Round size: Seed $275k–$2.1M; Pre-Seed $110k–$4.3M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

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

Petter Stordalen

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Investment focus

  • Industry: Apps, Energy, Customer Service
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Tibber — Tibber is a digital electricity supplier that offers smart solutions to minimize their customers’ consumption and costs. Its vision is to make sustainable energy consumption simple and affordable for all households. Tibber's mission is to reduce the residential electricity consumption for European households by 20 %. Founded in Norway andSweden in 2016, the company has expanded its offer to Sweden and Germany where it powers hundreds of thousands of homes. Tibber replaces traditional utilities with smart technology, supplying its customers with renewable energy at fair and transparent prices. In addition, its app provides real-time analytics into energy usage, and pairs with a variety of smart home devices to reduce electricity consumption at home. The company sells tech-gadgets in their online store and recently was licensed to balance the main power grid in Sweden with EVs.
  • Tjommi — B2C app helping customers get money back from price drops
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate startups

We are an early stage venture capital firm based in Oslo, Norway.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 64
  • Round size: Seed $1.2M–$6.1M; Pre-Seed $350k–$3.3M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • CYBRET AI — The New Era of Autonomous Cybersecurity
  • Outshifter — Outshifter is the API for product data access. Give or get access to product data, and manage it all in one universal format.
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Climate Investor funding in Norway at a glance

Stats across 485 deals from 500 investors.

500
investors
in Norway Climate startups
485
deals
in Norway Climate startups
$5.4M
median round
in Norway Climate startups
45%
lead investors
lead at least one round
14%
Seed
most common funding stage
86/14
VC / Angel
share of investor count

Access all 500 investors in Norway Climate startups.

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