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Top 50 Climate VC Funds & Investors in Norway (October 2026)

The most active venture capital funds 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 Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Antler
VC Fund
22 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Investinor
VC Fund
15 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
ProVenture
VC Fund
11 Norway, United States, India Seed, Venture - Series Unknown Software, Oil and Gas, Information Technology $754k–$4M
SINTEF Venture AS
VC Fund
9 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
Momentum
VC Fund
7 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $401k–$18M
RunwayFBU
VC Fund
7 Norway, Italy, Sweden Pre-Seed, Seed, Series A Software, SaaS, Information Technology $538k–$17M
Shell Ventures
VC Fund
6 United States, United Kingdom, India Series A, Series B, Venture - Series Unknown Energy, Renewable Energy, Software $2.8M–$126M
Alliance VC
VC Fund
6 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Farvatn Venture
VC Fund
6 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$8M
Nysnø
VC Fund
5 Norway, United Kingdom Venture - Series Unknown, Series A, Seed Robotics, Software, Manufacturing $4M–$74M
Valinor AS
VC Fund
5 Norway, United Kingdom Seed, Series A Energy, Robotics, Software $1.8M–$3.1M
Skagerak Capital
VC Fund
4 Norway, Sweden Series A, Venture - Series Unknown, Seed SaaS, Manufacturing, Information Technology $4.8M–$24M
Speedinvest
VC Fund
4 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Artificial Intelligence $411k–$33M
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
Voyagers
VC Fund
3 Germany, United Kingdom, The Netherlands Seed, Pre-Seed, Convertible Note Manufacturing, Software, Renewable Energy $1M–$6.4M
Singularity
VC Fund
3 Norway, Sweden, United States Pre-Seed, Convertible Note SaaS, Music, Solar $220k–$1.5M
EISMEA
VC Fund
3 Spain, Italy, United Kingdom Grant, Venture - Series Unknown, Seed Manufacturing, Software, Biotechnology $53k–$2.6M
Sandwater
VC Fund
3 Norway, Germany, Finland Series A, Venture - Series Unknown, Series B Manufacturing, Medical, AgTech $4.7M–$35M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $170k–$20M
Aidiom
VC Fund
3 Norway, Hungary, Czech Republic Seed, Pre-Seed, Series A Software, Solar, Industrial $590k–$7M
Blue Bear Capital
VC Fund
3 United States, Germany, The Netherlands Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $1.5M–$34M
Amadeus
VC Fund
3 United States, Spain, Canada Venture - Series Unknown, Seed, Series A Software, Travel, SaaS $3M–$18M
Viking Growth
VC Fund
3 Norway, Sweden, Denmark Venture - Series Unknown, Private Equity Software, Information Technology, SaaS $3M–$26M
Eviny Ventures
VC Fund
3 Norway, Sweden, Finland Seed, Venture - Series Unknown, Series A Software, Energy Storage, Renewable Energy $2.2M–$17M
TRUMPF Venture
VC Fund
3 Germany, Switzerland, United States Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1.9M–$70M
Wiski Capital
VC Fund
3 Norway, Sweden Seed, Venture - Series Unknown, Pre-Seed Software, Energy, Renewable Energy $740k–$8.3M
Voima Ventures
VC Fund
3 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Stratel
VC Fund
3 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Statkraft Ventures
VC Fund
3 Norway, France, Germany Series B, Series A, Venture - Series Unknown Energy, Renewable Energy, Big Data $2.1M–$115M
Akershus Energi
VC Fund
2 Norway Solar, Energy, CleanTech
Burnt Island Ventures
VC Fund
2 United States, United Kingdom, Norway Series A, Seed, Series B Water, Software, Information Technology $300k–$23M
Klaveness Marine
VC Fund
2 Norway Venture - Series Unknown Manufacturing, Boating, CleanTech $7.7M–$10M
Azolla Ventures
VC Fund
2 United States, Norway, New Zealand Seed, Pre-Seed, Series A Energy, Biotechnology, Environmental Engineering $600k–$15M
Skyfall Ventures
VC Fund
2 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Loyal VC
VC Fund
2 United States, Canada, United Kingdom Pre-Seed, Seed Artificial Intelligence, Software, FinTech $20k–$2.5M
Arkwright X
VC Fund
2 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Dawn Capital
VC Fund
2 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology $3M–$101M
Lyse Group
VC Fund
2 Norway Venture - Series Unknown, Seed, Series B SaaS, Water, Sensor $3.9M–$17M
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, Post-IPO Equity Software, Energy, Information Technology $1M–$40M
Amadeus Ventures
VC Fund
2 United States, Spain, Canada Venture - Series Unknown, Seed, Series A Software, Travel, SaaS $6M–$18M
Skagerak Energi
VC Fund
2 Norway, The Netherlands Seed, Series A, Venture - Series Unknown Energy, SaaS, Battery
CoFounder
VC Fund
2 Norway Seed, Series A Industrial, Manufacturing, SaaS $956k–$2.3M
Sondo Capital
VC Fund
2 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $600k–$16M
Bakken & Baeck
VC Fund
2 Norway Seed, Angel Chemical, Software, Life Science
Firda
VC Fund
2 Norway Seed, Venture - Series Unknown, Angel Software, SaaS, Information Technology
ConocoPhillips Technology Ventures
VC Fund
2 United States, Norway Series A, Venture - Series Unknown Oil and Gas, Manufacturing, Analytics $10M–$10M
Lifeline Ventures
VC Fund
2 Finland, United States, United Kingdom Seed, Series A, Venture - Series Unknown Software, Health Care, Artificial Intelligence $580k–$22M
Nordic Green Capital
VC Fund
2 Norway Pre-Seed Water, Big Data, Analytics $159k–$162k
Access all 481 VC funds in Norway Climate startups.

Access 48,091 investors

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

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Investor list

Antler
VC Fund · Singapore, Central Region, Singapore · 22 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: United States, Singapore, Australia

Investor stats

  • Total investments: 2382
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • myluigi.ai — Luigi is an AI-Powered Full-Stack Game Growth-as-a-Service platform designed to help mobile game studios scale user acquisition, engagement and lifetime value without adding headcount. Its dual-engine architecture automates and operates everything from ad campaign creation and real-time creative optimization to personalized in-game offers and LTVforecasting—delivered through a single, easy-to-integrate and unified dashboard. With a flexible per-title pricing model and powerful machine-learning insights, Luigi empowers mid-sized and indie developers to reduce CPI, boost retention and chart a clear path toward sustainable growth and seven-figure ARR.
  • RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 15 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:Venture - Series Unknown, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 132
  • Round size: Series A $2.3M–$25M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $274M in 2011

Portfolio highlights

  • Sonair — 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, Venture - Series Unknown
  • Geography: Norway, United States, India

Investor stats

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

Portfolio highlights

  • Sonair — 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 $1.5M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $62M 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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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: 17
  • Round size: Seed $401k–$4.2M; Series A $8M–$18M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $37M in 2025

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • 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.
  • 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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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: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway, Italy, Sweden

Investor stats

  • Total investments: 29
  • Round size: Seed $970k–$6.2M; Pre-Seed $538k–$2M; Series A $5.1M–$17M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 6 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, Venture - Series Unknown
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 176
  • Round size: Series A $6M–$31M; Series B $2.8M–$126M; Venture - Series Unknown $3M–$32M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Mazama — Superhot rock geothermal, proven at 629 degrees F, with the potential to deliver gigawatt-scale, always-on power, anywhere.
  • Asperitas — Asperitas is a clean-tech company focused on greening the datacentre industry by introducing Immersed Computing. Since 2014 Asperitas has worked on validating and developing Immersed Computing® as a unique approach to the datacentre industry. Building on existing liquid immersion cooling technologies by adding integration of power and networkcomponents, improving cooling physics with a strong focus on design and engineering for usability, Asperitas has come up with a complete and integrated solution which can be effectively utilised in most, if not all situations.
  • Bumper — Split the cost of your car repairs and servicing into manageable monthly instalments with 0% interest. Fix it. Split it. Sorted.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 6 investments in Norway Climate startups, 7 in the past 12 months

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Spiich Labs — AI for revenue teams that win on relationships. The agentic sales platform that eliminates CRM admin: your CRM updates itself after every call, you get daily meeting briefs, and follow-ups write themselves. Save 9+ hours weekly.
  • 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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Farvatn Venture
VC Fund · 6 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: 85
  • Round size: Seed $1M–$8M; Pre-Seed $120k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 5 investments in Norway Climate startups, 7 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, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $4M–$15M; Series A $5M–$40M; Venture - Series Unknown $10M–$74M
  • 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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Access 48,091 investors

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

Browse database — It's Free!
Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 5 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: 11
  • Round size: Seed $1.8M–$3.1M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Aivero — Orvue is launching the world's first single-use, robot-assisted laparoscope. Surgeon-controlled camera with robotic precision for enhanced surgical efficiency.
  • Heaten — HeatBooster - Patented high-temperature heat pump technology reducing the reliance on fossil fuels by creating reusable energy.
  • Sensonomic — Sensonomic helps you improve your land-based decisions by building digital versions of your operations. Test the outcome of your decisions before implementation.
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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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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, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Germany, Austria

Investor stats

  • Total investments: 674
  • Round size: Seed $797k–$7.9M; Pre-Seed $411k–$3.8M; Series A $4.1M–$33M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $372M 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!
  • GAMINSIDE — GAMINSIDE revolutionizes your relationship with your customers. As European full service provider, we deliver the complete package with solutions, services and software for gamified loyalty that is tailor-made and unique to your products, brands and customers. Integrate the best ideas from gamification and customer loyalty in your business areato exceed your commercial targets with GAMINSIDE.
  • Polaron — Material Design. Supercharged with AI.
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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: May invest from a new fund soon — raised $100M 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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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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EISMEA
VC Fund · 3 investments in Norway Climate startups

Investment focus

  • Industry: Manufacturing, Software, Biotechnology
  • Stage:Grant, Venture - Series Unknown, Seed
  • Geography: Spain, Italy, United Kingdom

Investor stats

  • Total investments: 3533
  • Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
  • BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
  • Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
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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: Manufacturing, Medical, AgTech
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: Norway, Germany, Finland

Investor stats

  • Total investments: 24
  • Round size: Series A $8.5M–$24M; Series B $17M–$35M; Venture - Series Unknown $4.7M–$18M
  • 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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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: 82
  • Round size: Seed $800k–$6.2M; Pre-Seed $170k–$1.6M; Series A $5.6M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $32M 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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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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Blue Bear Capital
VC Fund · Beverly Hills, California, United States · 3 investments in Norway Climate startups

Blue Bear Capital is a venture capital investor supporting companies that apply AI and data-driven technologies to energy infrastructures.

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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: 92
  • Round size: Seed $1.5M–$7.3M; Series A $5.3M–$16M; Series B $5.6M–$34M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $160M in 2024

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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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:Venture - Series Unknown, Seed, Series A
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 20
  • Round size: Series A $6M–$18M; Venture - Series Unknown $3M–$9.8M
  • Lead/follow: 35% lead, 65% 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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Viking Growth
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 investments in Norway Climate startups

Viking Growth is the leading investor in Nordic business-to-business software companies. We help you grow your business internationally, provide growth capital and support you every step of your journey.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 46
  • Round size: Private Equity $12M–$19M; Venture - Series Unknown $3M–$26M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2021

Portfolio highlights

  • EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
  • HR-Friend — HR-friend is building a best of breed group within HR software which will offer customers solutions for talent acquisition, onboarding and talent management
  • Checkproof — CheckProof is the ideal tool for digitizing your work with preventive maintenance, quality and health & safety. Let’s secure value. Digitally.
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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: 13
  • Round size: Seed $2.2M–$5.8M; Venture - Series Unknown $3.8M–$17M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Skyfora — Skyfora delivers sub-kilometer insights, nowcasts, and probabilistic forecasts so your teams can plan with confidence, no matter the weather.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Photoncycle — The year-round solar energy system for heating and electricity
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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 $1.9M–$3.4M; Series A $4M–$12M; Series B $4.5M–$70M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $45M 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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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, Venture - Series Unknown, Pre-Seed
  • Geography: Norway, Sweden

Investor stats

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

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Evyon — Eyvon is an electrical company that provides EV battery solutions to accelerate into a fully renewable future for everyone. The company's proprietary hardware and Battery Cloud ecosystem enable the conversion of EV batteries into high-quality, affordable, and plug-and-play battery energy storage systems.Eyvon's mission is to convertbattery waste into high-quality battery systems by repurposing discarded EV batteries. By leveraging a standardized and data-driven value chain, their ambition is to provide solutions at less than half the price of new ones.It was founded in 2020 and is based in Oslo, Norway.
  • Cubit — No more old-school and time consuming applications made in the 90s. Welcome to the new generation of professional software, as user-friendly and smooth as your smartphone.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Norway Climate startups, 6 in the past 12 months

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: 61
  • Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: Likely still investing — raised $108M in 2023

Portfolio highlights

  • Reduciner — Reduciner's vision to turn industrial CO₂ emissions from a liability into a valuable resource. Its technology converts captured carbon dioxide and biochar into valuable feedstocks such as carbon monoxide and activated carbon, enabling circular carbon use in emissions-intensive industries. Reduciner combines strong scientific expertise withindustrial applicability across sectors such as cement, steel, and chemicals. Its electricity-driven process allows industries to reduce emissions without major changes to existing infrastructure, offering a resilient and cost-competitive way to reduce carbon dependency while creating new value from CO₂ emissions.
  • 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
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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: 11
  • Round size: Seed $320k–$3M; Pre-Seed $600k–$2M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Over Easy Solar — Prefabricated units with vertical bifacial solar panels for flat and green rooftops. The innovative photovoltaic solution from Over Easy Solar is unique, with quick and easy mounting for sedum roofs and flat roofs with low load-bearing capacity.
  • Inherit Carbon Solutions — Permanent carbon removal from organic waste, operational today. We capture biogenic CO2 and store it permanently under the North Sea.
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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, Venture - Series Unknown
  • Geography: Norway, France, Germany

Investor stats

  • Total investments: 50
  • Round size: Series A $3.1M–$17M; Series B $8.8M–$115M; Venture - Series Unknown $2.1M–$18M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Hydrosat — Hydrosat provides daily, high-resolution thermal and multispectral infrared imagery of the entire Earth. Leveraging our first-in-history thermal capabilities, we also provide analytics solutions to solve climate and agriculture issues.
  • Electra.aero — Electra is a next-gen aerospace company devoted to sustainable urban & regional air mobility led by industry pioneer Dr. John Langford.
  • 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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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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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: 30
  • Round size: Seed $300k–$15M; Series A $4M–$23M; Series B $4.2M–$15M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
  • Biota — Biota is a data science company that offers wastewater testing, monitoring and tracking of sources of pollutants, and analytical solutions.
  • 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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Klaveness Marine
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate startups

We use a structured investment process combining top-down allocation with our bottom-up convictions. Both our investments and our businesses have a long-term focus, to the lasting benefit of all stakeholders and thus of Klaveness Marine.

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Investment focus

  • Industry: Manufacturing, Boating, CleanTech
  • Stage:Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Venture - Series Unknown $7.7M–$10M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Ziebel — Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes itpossible to access and visualize the entire well bore in real-time.
  • Evoy — Discover powerful, zero-emission electric boat motors built in Norway. Explore inboard and outboard options for sustainable boating.
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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 — raised $80M 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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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, Venture - Series Unknown
  • Geography: Norway, Denmark, United States

Investor stats

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

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • CYBRET AI — The New Era of Autonomous Cybersecurity
  • Volve — Volve turns tender and contract documents into a structured baseline, helping construction teams catch risk, run compliance checks, and win better bids with AI.
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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: 194
  • Round size: Seed $142k–$2.5M; Pre-Seed $20k–$1.2M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Dehurdle — Practice high-stakes conversations with real-time AI. Instant speaking pace and competency feedback. No voice recordings are kept after the session.
  • Vireo Capital — Vireo provides software for deal diligence, fund administration, and portfolio monitoring at private market investment firms.
  • Hyperbond Studio — An AI-native entertainment company building games, anime and the engines behind them.
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Arkwright X
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Soolv — AI that turns messy application documents into structured data - so you can instantly score candidates and reveal early patterns of success.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Qurrent — Qurrent provides intelligent software solutions that optimize, regulate, and automate the trading of decentralized renewable energy assets.
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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: 91
  • Round size: Seed $224k–$2.2M; Pre-Seed $110k–$4.3M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $49M in 2022

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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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: 154
  • Round size: Series A $3M–$39M; Series B $9.8M–$61M; Series C $15M–$101M
  • Lead/follow: 44% lead, 56% 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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Lyse Group
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Climate startups

Lyse is a Norwegian industrial group operating within the fields of energy and fibre-based broadband. The Group began operations on 1 January 1999 but has roots that extend more than 100 years back in time.The Group is owned by 16 municipalities in Sør-Rogaland. 100 years ago forward-looking thoughts led to the acquisition of waterfall rights,as well as the construction of a hydroelectric power plant and the network of lines that have benefited an entire region.The Lyse Group has developed into a substantial national operator within renewable energy. With experience from building and operating infrastructure, the Group has established itself as the national leader within fibre-optic broadband. In recent years Lyse has developed a gas network in Sør-Rogaland and operates an LNG business in a Nordic market.

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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 $3.9M–$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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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 $286k–$10M; Pre-Seed $55k–$4M; Series A $1.7M–$23M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Inion software — EMS, Power Plant Control and Cybersecurity solutions for solar, wind and battery storage projects.Discover our performance-boosting monitoring systems. It
  • Decade Energy — Decade Energy is the energy infrastructure and optimization partner for transport operators and depot managers who want to electrify their fleets.
  • Delfos Energy — Why did it Fail? Avoid unexpected failures across your assetsReduce the risk of unexpected failuresmoreOptimize Maintenance Windowsmoreretain and scale up operational knowledgemoreplatform real time monitoring, analysis and predictions for renewable energy and oil&gas assetsVIEW OUR APPLICATIONS customer and partnerssee what our customers say about our solutions TestimonialsYour failure prediction alarm, helped us avoid an
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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, Post-IPO Equity
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 60
  • Round size: Private Equity $13M–$14M; Post-IPO Equity $1M–$40M
  • Lead/follow: 30% lead, 70% 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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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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Skagerak Energi
VC Fund · Porsgrunn, Telemark, Norway · 2 investments in Norway Climate startups

Skagerak Energi is a future-oriented supplier of clean energy for welfare, growth and development.

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Investment focus

  • Industry: Energy, SaaS, Battery
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway, The Netherlands

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • 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.
  • Jedlix — Find all the information on how we do smart charging at Jedlix
  • Hark Technologies — Hark Technologies is a technology company that develops smart energy optimization solutions for households and commercial buildings.
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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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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: 20
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $600k–$5.7M; Series A $11M–$16M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Benford — Benford is a modern, licensed audit firm that provides technology-driven statutory audit services using its custom software, AuditOS.
  • Mimir — Mimir is designed around one goal: eliminate manual customer service work. By integrating with your complete ecom stack, Mimir resolves even the most complex inquiries you spend hours per week on, today.
  • Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
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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 — Powerful Tools for Your Research. We have built a world-leading AI engine for scientific text understanding. Applied to literature reviews, data extraction, post-market surveillance or any other task involving thousands of documents like papers or patents, this engine will make your life a whole lot easier.
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Firda
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Climate 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: Software, SaaS, Information Technology
  • Stage:Seed, Venture - Series Unknown, Angel
  • Geography: Norway

Investor stats

  • Total investments: 11
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shapemaker — Your new software for civil engineering design and analysis, starting off with telecommunication infrastructure.
  • Zerolytics — Zerolytics is building a data-driven platform to measure and monitor progress in reaching companies’ Net Zero targets. It was founded in 2022 and is based in Oslo, Norway.
  • Hystar — Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions.
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ConocoPhillips Technology Ventures
VC Fund · Houston, Texas, United States · 2 investments in Norway Climate startups

Implementing emerging technologies in our operating assets and exploration efforts has enabled us to realize improvements in various activities.

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Investment focus

  • Industry: Oil and Gas, Manufacturing, Analytics
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Norway

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $10M–$10M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Maana — Maana is the pioneer in knowledge-centric technology. The Maana Knowledge Platform accelerates knowledge discovery to increase profitability. Maana’s patented Knowledge Graph— a breakthrough invention — at the core of the platform expedites extracting knowledge from data silos, to reveal the relationships within the context of an asset or processcompanies wish to optimize. Global companies such as GE, Chevron, and Shell are increasing profitability with Maana by operationalizing insights into line-of-business applications for thousands of employees to make faster data-driven decisions. Investors include Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital, Saudi Aramco Energy Ventures, and Shell Technology Ventures. Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington.
  • Ziebel — Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes itpossible to access and visualize the entire well bore in real-time.
  • Modumetal — Modumetal has enabled a revolutionary new class of nanolaminated materials with broad application in structural, corrosion and high temperature performance of coatings, bulk materials and partsModumetal is based on the interaction of different materials at their interfaces. By laminating metals, Modumetal creates a new way to influence materialproperties. By growing metal using low-cost electrochemical methods, Modumetal enables a whole new class of applications of these materials.Modumetal is currently producing nanolaminated alloys for applications in construction, energy and aerospace markets.
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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, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 201
  • Round size: Seed $580k–$5.4M; Series A $2.8M–$22M; Venture - Series Unknown $616k–$17M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $464M in 2025

Portfolio highlights

  • S-Transistors — S-Transistors is one of the few businesses founded on a truly novel core technology that has the potential to serve as an enabling layer for a whole industry.
  • Thor Dynamics — Directed Energy Systems for Counter-Drone Defense
  • Everywear Games — Everywear Games is the world’s leading 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 gamesare consistently on top of global charts.
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Nordic Green Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Climate startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Intoto — River and coastal risk management to protect assets, people and the environment.
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Climate VC funding in Norway at a glance

Stats across 567 deals from 481 investors.

481
investors
in Norway Climate startups
567
deals
in Norway Climate startups
$4.7M
median round
in Norway Climate startups
53%
lead investors
lead at least one round
17%
Venture - Series Unknown
most common funding stage

Access all 481 VC funds in Norway Climate startups.

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