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Top 50 Enterprise Startup Investors in Norway (October 2026)

The most active venture capital funds and angel investors investing in Norway Enterprise startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Enterprise 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
45 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Investinor
VC Fund
28 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
Skyfall Ventures
VC Fund
21 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Alliance VC
VC Fund
20 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Idekapital
VC Fund
15 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $210k–$90M
ProVenture
VC Fund
12 Norway, United States, India Seed, Venture - Series Unknown Software, Oil and Gas, Information Technology $754k–$4M
MP Pensjon
VC Fund
12 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Arkwright X
VC Fund
11 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
Innovation Norway
VC Fund
11 Norway, Romania, Sweden Grant, Seed, Debt Financing Software, Information Technology, Artificial Intelligence $47k–$134M
SNÖ Ventures
VC Fund
10 Norway, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Machine Learning $978k–$5.5M
Ferd
VC Fund
9 Norway, Sweden, United States Private Equity, Post-IPO Equity Software, Energy, Information Technology $1M–$40M
Sondo Capital
VC Fund
8 Norway, United States, Denmark Pre-Seed, Seed, Series A Software, Artificial Intelligence, Analytics $600k–$16M
RunwayFBU
VC Fund
8 Norway, Italy, Sweden Pre-Seed, Seed, Series A Software, SaaS, Information Technology $538k–$17M
Maki.vc
VC Fund
7 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $578k–$37M
SINTEF Venture AS
VC Fund
6 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
Skagerak Maturo
VC Fund
6 Norway Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.1M–$7.5M
Viking Growth
VC Fund
5 Norway, Sweden, Denmark Venture - Series Unknown, Private Equity Software, Information Technology, SaaS $3M–$26M
Trond Riiber Knudsen
Angel
5 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $300k–$3.5M
Point Nine
VC Fund
5 Germany, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$62M
DNB
VC Fund
5 Norway, Sweden, United States Post-IPO Debt, Debt Financing, Venture - Series Unknown Renewable Energy, Energy, Oil and Gas $240k–$1.5B
Northzone
VC Fund
5 United States, Sweden, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, FinTech $2.5M–$100M
Shell Ventures
VC Fund
5 United States, United Kingdom, India Series A, Series B, Venture - Series Unknown Energy, Renewable Energy, Software $2.8M–$126M
DTCP
VC Fund
5 United States, Germany, Israel Series C, Series B, Venture - Series Unknown Software, SaaS, Information Technology $2M–$177M
F-LOG Ventures
VC Fund
4 Germany, Norway, Denmark Seed, Series A, Pre-Seed Software, SaaS, Machine Learning $1.4M–$17M
Founders Fund AS
VC Fund
4 Norway, United States Seed, Angel, Pre-Seed Software, Information Technology, B2B $160k–$729k
Scale Capital
VC Fund
4 Denmark, Norway, Germany Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $1M–$14M
Skagerak Capital
VC Fund
4 Norway, Sweden Series A, Venture - Series Unknown, Seed SaaS, Manufacturing, Information Technology $4.8M–$24M
Creandum
VC Fund
4 Sweden, United States, Germany Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $1.8M–$80M
Construct Venture
VC Fund
4 Norway, Spain Seed, Series A, Venture - Series Unknown Artificial Intelligence, Software, Information Services $2.1M–$25M
2M2D
VC Fund
4 Norway Seed, Angel Apps, Credit, Rental
Firda
VC Fund
4 Norway Seed, Venture - Series Unknown, Angel Software, SaaS, Information Technology
Altitude Capital
VC Fund
4 Norway, Sweden, United Arab Emirates Seed, Series A, Pre-Seed Information Services, Information Technology, Artificial Intelligence $571k–$8.4M
Sequoia Capital
VC Fund
4 United States, China, India Series A, Series B, Seed Software, Artificial Intelligence, Information Technology $1.2M–$100M
Wiski Capital
VC Fund
4 Norway, Sweden Seed, Venture - Series Unknown, Pre-Seed Software, Energy, Renewable Energy $740k–$8.3M
Speedinvest
VC Fund
4 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $549k–$33M
Chris Murphy
Angel
4 United States, Germany, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $1.7M–$35M
Kistefos Venture Capital
VC Fund
4 Norway, Singapore, Sweden Seed, Series A Software, Financial Services, SaaS $700k–$16M
TD Veen
VC Fund
4 Norway, United Kingdom, Germany Seed, Venture - Series Unknown Internet, Software, Information Technology $913k–$19M
Lotus Capital
VC Fund
3 Norway, Singapore, Egypt Seed, Initial Coin Offering Cryptocurrency, Gaming, Software $1.3M–$18M
Murshid M. Ali
Angel
3 Norway, Sweden, Denmark Pre-Seed, Seed, Series A Software, Financial Services, SaaS $400k–$1.5M
DNB Ventures
VC Fund
3 Norway, Greece, Sweden Post-IPO Debt, Seed, Pre-Seed Information Technology, Software, SaaS $1.4M–$200M
TeleVenture Management
VC Fund
3 Norway, United States Seed, Series A Software, Manufacturing, Biotechnology
Nunchi
VC Fund
3 Norway Seed Security, Software, Information Technology $1.1M–$4.4M
Norselab
VC Fund
3 Norway, Switzerland, United States Seed, Series A Software, SaaS, Agriculture $500k–$15M
Loyal VC
VC Fund
3 United States, Canada, United Kingdom Pre-Seed, Seed Artificial Intelligence, Software, FinTech $30k–$2.5M
Futurum Ventures
VC Fund
3 Norway, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Energy $4M–$5M
Magnus Carlsen
Angel
3 Norway, United States Seed, Pre-Seed, Series A Sports, Soccer, Software
Voyagers
VC Fund
3 Germany, United Kingdom, The Netherlands Seed, Pre-Seed, Convertible Note Manufacturing, Software, Renewable Energy $1M–$6.4M
Nordic Makers
VC Fund
3 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, SaaS $206k–$16M
OBOS Forsikring
VC Fund
3 Norway Seed, Series A Real Estate, Information Technology, Software $766k–$4M
Access all 726 investors in Norway Enterprise startups.

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

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Investor list

Antler
VC Fund · Singapore, Central Region, Singapore · 45 investments in Norway Enterprise 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: 2387
  • 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

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • 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.
  • Plouton AI —
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 28 investments in Norway Enterprise 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: 133
  • 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 — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 21 investments in Norway Enterprise 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 — Continuous Black, Grey, and White box pentesting. Cover authorized targets, prove exploitable findings with replay evidence, and ship the fix.
  • Volve — Understand risk before you price, prove coverage before you submit, protect margin before you sign. AI that connects documents, drawings and BIM models.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 20 investments in Norway Enterprise 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. Spiich preps your meetings, updates your CRM and drafts follow-ups. Reps save 9+ hours every week.
  • 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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Idekapital
VC Fund · Oslo, Oslo, Norway · 15 investments in Norway Enterprise startups

We manage two investment funds with more than 1 bn NOK under management. We invest in high-growth software and technology companies.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $210k–$4.4M; Series A $3.4M–$16M; Venture - Series Unknown $4M–$90M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 12 investments in Norway Enterprise 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 — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 12 investments in Norway Enterprise 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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Arkwright X
VC Fund · Oslo, Oslo, Norway · 11 investments in Norway Enterprise 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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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 11 investments in Norway Enterprise startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Seed, Debt Financing
  • Geography: Norway, Romania, Sweden

Investor stats

  • Total investments: 84
  • Round size: Seed $118k–$3.6M; Grant $47k–$2M; Debt Financing $239k–$134M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Ofiniti — Ofiniti is a platform designed for businesses to streamline operations through digital maritime fuel distribution. Ofiniti's platform offers solutions that bridge the digital gap between fuel suppliers and consumers, improving the efficiency of marine fuel bunkering operations. Ofiniti works to enhance operational performance within themaritime sector by integrating technology into traditional industries.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 10 investments in Norway Enterprise startups

SNÖ is an early stage venture capital firm that empowers Nordic technology entrepreneurs and startups. They founders are builders and entrepreneurs themselves, with unique digital expertise, and are extremely passionate about the various aspects that make a startup succeed.SNÖ is based in Oslo, Norway. It was founded by Magne Uppman and TeodorBjerrang in 2015.

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Investment focus

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

Investor stats

  • Total investments: 42
  • Round size: Seed $978k–$5.5M; Pre-Seed $2.8M–$4.5M; Venture - Series Unknown $1.3M–$5M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • MusicInfra — Organizing connections between recordings, compositions, and rightsholder claims to reduce friction and enable monetization. AI-powered recognition and matching solutions for the music industry.
  • Sindri — Sindri is a platform that helps the energy industry utilizing artificial intelligence, machine learning, and computer vision technologies.
  • Nolla Health — Scandinavian-inspired healthcare: a private AI health assistant backed by licensed U.S. physicians.
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Access 48,091 investors

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

Browse database — It's Free!
Ferd
VC Fund · Lysaker, Akershus, Norway · 9 investments in Norway Enterprise 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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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 8 investments in Norway Enterprise 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, Artificial Intelligence, Analytics
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 21
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $600k–$5.7M; Series A $11M–$16M
  • Lead/follow: 24% lead, 76% 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.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 8 investments in Norway Enterprise 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: May invest from a new fund soon — raised $33M in 2021

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Norway Enterprise startups

We partner with deep tech and brand-driven companies obsessed in challenging category norms. The Nordics are our home, but we take on a global front in spotting the unexpected - from B2B to B2C, with a sweet spot for scientific advances, strong IP, and customer understanding that looks beyond convention.We invest in early stage companies: fromtheir inception to series A and beyond. We share in the vision of founders as champions and challengers, drawing on our experiences from scaling some of the strongest tech companies ourselves.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Norway, Denmark

Investor stats

  • Total investments: 103
  • Round size: Seed $948k–$8.3M; Pre-Seed $578k–$2.7M; Series A $3.5M–$37M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $106M in 2024

Portfolio highlights

  • Aavuus — Aavuus is building a global network of ground-based laser stations to detect and track space debris with high precision.
  • Metaktik — Tactical Metasurface Antenna Solution for Defence. Ultralight Antennas for Satellites.
  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 6 investments in Norway Enterprise 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 — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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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Skagerak Maturo
VC Fund · Kristiansand, Vest-Agder, Norway · 6 investments in Norway Enterprise startups

As an early stage venture firm, we invest in companies with positive impact. Megatrends like climate change and resource scarcity are some of the challenges we are facing. We believe technological innovations will contribute to a positive impact on people and the planet.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 13
  • Round size: Seed $1.2M–$1.5M; Series A $3.4M–$7.5M; Venture - Series Unknown $1.1M–$1.2M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Intelecy — Turn your data into valuable insight for process optimization and achieve sustainable production. By using Intelecy, you can build your own powerful no-code machine learning models in minutes without a single line of code!
  • OptoScale — OptoScale sells real-time monitoring equipment for fish farms. OptoScale engages in precision aquaculture, helping fish farmers unlock unprecedented productivity and sustainability gains.
  • Ignite — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
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Viking Growth
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway Enterprise 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: 47
  • Round size: Private Equity $12M–$19M; Venture - Series Unknown $3M–$26M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2021

Portfolio highlights

  • Ocius-X — Ocius-X provides construction management software for internet service providers and contractors to gather field data, track progress, and generate documentation for fiber network deployment.
  • EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
  • 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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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 5 investments in Norway Enterprise 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: 20
  • Round size: Seed $320k–$3.5M; Angel $300k–$1.2M; Pre-Seed $368k–$1.8M
  • Lead/follow: 10% lead, 90% 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.
  • 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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Point Nine
VC Fund · Berlin, Berlin, Germany · 5 investments in Norway Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 312
  • Round size: Seed $900k–$7.5M; Series A $3.1M–$24M; Series B $9M–$62M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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DNB
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Enterprise startups, 13 in the past 12 months

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

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Investment focus

  • Industry: Renewable Energy, Energy, Oil and Gas
  • Stage:Post-IPO Debt, Debt Financing, Venture - Series Unknown
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 55
  • Round size: Post-IPO Debt $8.8M–$786M; Debt Financing $94M–$1.5B; Venture - Series Unknown $240k–$100M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Cadeler — Cadeler is an offshore services company that provides offshore wind installation and maintenance services. The company operates specialized vessels for transporting, installing, and servicing wind turbines and foundations in offshore environments, supporting the development of renewable energy infrastructure.
  • Ventura Offshore — Ventura Offshore is an oil and gas services company that specialises in drilling, project management, offshore services, and asset management within the oil and gas industry. The company ensures efficient and safe operations in challenging offshore environments. By delivering innovative solutions and maintaining the highest standards of quality andsafety, Ventura Offshore supports the energy sector in maximising productivity and resource management.
  • Clearway Energy Group — We're a leading independent clean power developer and operator with over 350 clean energy projects across America.
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Northzone
VC Fund · London, England, United Kingdom · 5 investments in Norway Enterprise startups

Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 369
  • Round size: Seed $2.5M–$23M; Series A $4.5M–$32M; Series B $7.4M–$100M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Duvo — Duvo brings your people, AI agents and existing systems together to map, run and improve your processes, with decisions, exceptions and results in one place.
  • Rayon — Built for Speed. Designed for Teams.
  • SolveAI —
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 5 investments in Norway Enterprise 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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DTCP
VC Fund · Hamburg, Hamburg, Germany · 5 investments in Norway Enterprise startups, 9 in the past 12 months

DTCP is an investment management firm focused on growth equity and digital infrastructure. Founded in 2015, the firm has raised more than $1 billion in funds from corporate and institutional investors and invested in over 60 companies. DTCP Growth invests in enterprise application and infrastructure software companies. DTCP Infra invests in mobileaccess, fiber, and data center infrastructure. DTCP is headquartered in Hamburg with offices in Menlo Park, Tel Aviv, and Seoul.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series C, Series B, Venture - Series Unknown
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 126
  • Round size: Series B $7.5M–$67M; Series C $10M–$177M; Venture - Series Unknown $2M–$31M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely actively investing — fresh fund, raised $58M in 2026

Portfolio highlights

  • Zenity — Zenity is the first and only governance and security platform for low-code/no-code applications. It creates a win-win environment where IT and information security can give business and pro developers the independence they want to move the business forward while retaining full visibility and control.
  • AppsFlyer — Unify measurement, deep linking, data collaboration, and AI across mobile, web, CTV, console and beyond. Make smarter decisions, optimize every channel, and prove impact with the platform built for modern marketing.
  • 6 Robotics OÜ — We exist to strengthen defence, protect nations, and deter conflict in an era defined by unmanned warfare.
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F-LOG Ventures
VC Fund · Greven, Nordrhein-Westfalen, Germany · 4 investments in Norway Enterprise startups

We invest in passionate early-stage entrepreneurs and offer our portfolio companies real use cases by providing access to our logistics solutions for more than 4000 customers in various industries. Our portfolio companies benefit from our knowledge, our international footprint and the expertise of our teams in fields such as IT, logistics engineering or business intelligence. As entrepreneurs, we have experienced for ourselves how crucial it is to have the right partner at the right moment to help you take the next steps. That's why we have developed a new venture capital approach that combines capital and operational support.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Norway, Denmark

Investor stats

  • Total investments: 23
  • Round size: Seed $1.4M–$16M; Series A $5.1M–$17M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • FRYTE — FRYTE is a matchmaking platform that find, optimise, and operate your tailored e-truck charging network.
  • Filics — Filics provides an automated double runner system for intralogistics, specializing in pallet transportation. Its Filics Unit fits under various load carriers, offers omnidirectional movement, and aims to increase productivity while addressing labor shortages. The company's software enables intuitive operation and customization for differentapplications in logistics and industry.
  • Complir — Complir's AI agents map product data, analyse compliance risks, generate documentation and track regulations across every market you sell in.
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Founders Fund AS
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Enterprise startups

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

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Investment focus

  • Industry: Software, Information Technology, B2B
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Norway, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $160k–$729k
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Defigo — Defigo is a modern, convenient and user-friendly access control system, made with residential and commercial properties in mind. The Defigo system has been designed to manage property access, increase security and create an easier everyday life for tenants and property managers.
  • Vipicash — Vipicash is a financial services startup that locks cash into goods and services to eradicate corruption and mismanagement of funds sent to Africa, Asia and Latin America.
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Scale Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Norway Enterprise startups

Scale Capital is an early-stage technology investor, helping Nordic, B2B, and tech founder teams scale and win in the US market.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown
  • Geography: Denmark, Norway, Germany

Investor stats

  • Total investments: 30
  • Round size: Seed $1M–$14M; Venture - Series Unknown $1.4M–$6.1M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $60M in 2022

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • Pandektes — Search, verify, and rely on the law. Pandektes vast database combined with industry-leading search means more firepower in every legal analysis.
  • INLEAP Photonics — INLEAP Photonics develops ultra-fast, high-precision laser system technology for secure drone defence and highly efficient industrial processes.
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Skagerak Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 4 investments in Norway Enterprise 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 — Norwegian optical MEMS sensor company. SBM140B: 84 dBA SNR, 146 dB AOP and 136 dB dynamic range in a digital MEMS microphone.
  • Nanopower Semiconductor — Hompage Nanopower Semiconductor
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Norway Enterprise startups, 22 in the past 12 months

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

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Investment focus

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

Investor stats

  • Total investments: 326
  • Round size: Seed $1.8M–$19M; Series A $5.3M–$35M; Series B $10M–$80M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $545M in 2024

Portfolio highlights

  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
  • Causa Prima — Causa Prima develops software to help finance teams handle both sides of every transaction on one network. The company's AI agents handle invoicing, disputes, and discounts on behalf of clients. It provides a network for the financial operations of businesses.
  • Scarlet — Scarlet certifies software medical devices. We’re Europe's only Notified Body specialised in software and AI, and have crafted a certification process that is built for software, and is thus significantly more efficient.This is how we deliver on our mission to hasten the world’s transition to accessible healthcare: by enabling manufacturersto release their medical software and AI to those who need it without unnecessary delays.We are designated as a UK Approved Body by the MHRA, and an EU Notified Body by the Dutch Ministry of Health and the European Commission.
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Construct Venture
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Enterprise startups

Early phase investor in ConstructionTech and PropTech powered by OBOS & AF

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway, Spain

Investor stats

  • Total investments: 10
  • Round size: Seed $2.1M–$6.3M; Series A $10M–$25M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Theoriq — Theoriq is a platform for limitless AI innovation built on the principles of composability, extensibility, and community-driven governance.
  • Findable — Findable is an intelligent facility management system for public properties, commercial real estate and construction. We use AI to automate operations and manage your properties with data from your building documentation. Our user-friendly software helps your facility manager ensure compliance, reduce risk, and lower operation costs with powerful automation tools.
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2M2D
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Enterprise startups

We invest in the unknown. In solutions yet to be built. By ambitious founders on a mission.

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Investment focus

  • Industry: Apps, Credit, Rental
  • Stage:Seed, Angel
  • Geography: Norway

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Diwala — Issue certificates and credentials to your trainees, that can be verified online in seconds
  • Indyriot — Indyriot engages in testing a job for a non-existing company.
  • Sharefox — Our rental software makes renting and subscribing smoother and attracts more customers to your rental business. Experience the Sharefox rental software today!
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Firda
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Enterprise 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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Altitude Capital
VC Fund · Vancouver, British Columbia, Canada · 4 investments in Norway Enterprise startups

Altitude Capital is an investment firm.

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Investment focus

  • Industry: Information Services, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Norway, Sweden, United Arab Emirates

Investor stats

  • Total investments: 8
  • Round size: Seed $571k–$1.8M; Series A $628k–$8.4M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Braive — Mental health challenges are increasing worldwide. The number of psychologists isn’t. That’s why Braive is needed. Offering a mental health platform that brings together various important treatment components under one umbrella; we are more than just speaking to a psychologist. We empower people and give them long-lasting tools to tackle life’schallenges. More efficient than traditional therapy, without ever compromising treatment results.
  • Journalia — AI-powered medical documentation. Journalia listens, transcribes and generates clinical notes, so you can focus on your patients.
  • Metric — Marketer is the AI growth platform that researches, creates, launches and improves your marketing. Used by 2,000+ businesses, with $500M+ in ad spend a year.
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Sequoia Capital
VC Fund · Menlo Park, California, United States · 4 investments in Norway Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 2523
  • Round size: Seed $1.2M–$14M; Series A $5.5M–$50M; Series B $12M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • ApnaPaisa — ApnaPaisa offers the Best Deals on Home Loans, Personal Loans, Credit Cards and EMI Calculators in India. EST'D 2007.
  • Despegar — Despegar operates as an online business-to-consumer travel agency that focuses on the Portuguese and Spanish speaking markets. It enables people to research travel plans, check flight availability, book airline, and hotel and car rental reservations online, as well as offer travel-related services, including access to airlines, car rentalcompanies, and hotels and vacation packages. The company serves the leisure and corporate travelers. It operates in Argentina, Brazil, Chile, Colombia, Mexico, Uruguay, Venezuela, Spain, and the United States. The company was founded in 1999 and is based in Miami, Florida.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 4 investments in Norway Enterprise 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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Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway Enterprise 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: 552
  • Round size: Seed $980k–$8M; Pre-Seed $549k–$4.1M; Series A $4M–$33M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $384M in 2022

Portfolio highlights

  • Bikemap — Bikemap is the crowdsourced cycling map & navigation of the world. With the help of more than 2.3M users in 100 countries, Bikemap helps you find the best cycling route from A to B - every time. Users shared more than 4M cycling routes in all corners of the world - and within the Bikemap Premium subscription, tens of thousands get access tooffline, routing, map features.
  • morgana — Morgana is reshaping the mortgage industry in Latam. With a 5x faster application process, in-depth market knowledge, privileged access to data, and superb team, we are a groundbreaking digital mortgage broker that will shortly be competing with banks.
  • 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.
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Chris Murphy
Angel · Stockholm, Stockholms Lan, Sweden · 4 investments in Norway Enterprise 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, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 63
  • Round size: Seed $1.8M–$10M; Pre-Seed $1.7M–$3.3M; 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 — One integration, thousands of APIs and workflows. Connect your AI agents to real APIs with secure execution and credential management.
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Kistefos Venture Capital
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Enterprise startups

Kistefos focus on investing between NOK 10m and NOK +100m in each company, aiming at obtaining a significant ownership stake. Kistefos is opportunistic with regards to sectors, company sizes, life-cycle stages and geographies. Kistefos’ investment strategy selectively seeks out a diverse range of proprietary transactions in companies of varioussizes, including build-ups, growth capital, rescue financings and buyouts.Kistefos is an active partner to the management teams and founders, providing considerable internal resources to ensure the long-term value creation through identification of the key value drivers. Furthermore, we operate under a flexible investment mandate, giving us the opportunity to optimally support our portfolio companies throughout our ownership period.

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Investment focus

  • Industry: Software, Financial Services, SaaS
  • Stage:Seed, Series A
  • Geography: Norway, Singapore, Sweden

Investor stats

  • Total investments: 27
  • Round size: Seed $700k–$4M; Series A $3M–$16M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • fileAI — Automate and analyze any file with AI. fileAI builds proprietary AI components for complex agentic workflow automation.
  • fileAI (formerly bluesheets) — Build a solid data foundation with Bluesheets, the all-in-one tool that connects, categorises and automates your finanical data. Set up once, automate forever.
  • PaperShell — PaperShell is building back paper into sustainable, load bearing natural fiber components. Using science, we reverse engineer paper back into high tech artificial 3D-wood components. Stronger than plastics, versatile like glass fibre and lighter than aluminium. Enabling our clients to switch materials in new or exciting products. Helping them makesubstantial GHG reduction and transition to a circular bio economy.
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TD Veen
VC Fund · Stavanger, Rogaland, Norway · 4 investments in Norway Enterprise startups

TD Veen is concerned with sustainable social development. Their contribution is to invest in companies and solutions that are good for both owners and society at large. The foundation of TD Veen is job satisfaction, creativity and a strong determination to invest in the very best people.At one stage they saw sense in targeting the investmentprofile, which also gave us a new perspective on the demand for returns and the role of investors. As a financial owner, they want to establish a healthy attitude toward results and returns. In companies where value is created over time.A differentiated portfolio is important to us. That is why they work with investments in new industries, such as e.g. health, or in parts of the world where they have not been before. Despite their Stavanger address, they want to invest outside of the petroleum sector.TD Veen has for many years supported the work of SOS Children’s Villages, including the project The Long Run, where they renovated old children’s villages in Romania and Lebanon. They have also contributed to starting up a separate pioneer project for foster families in Murmansk. Going ahead, they will to a greater degree also contribute to society at home, by building up a community of social entrepreneurs in Eiganesveien 95.

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $913k–$5.8M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Mobai — Provider of attack detection, image manipulation detection and authentication. Strong and successful research team on biometrics.
  • Dagens — Together with farmers and chefs, we co-create a transparent and resilient food system for the future. The farmers get a bigger part of the profit. Buyers get easy access to unique, biodiverse produce at competitive prices.
  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
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Lotus Capital
VC Fund · New York, New York, United States · 3 investments in Norway Enterprise startups

Lotus Capital Investments

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Investment focus

  • Industry: Cryptocurrency, Gaming, Software
  • Stage:Seed, Initial Coin Offering
  • Geography: Norway, Singapore, Egypt

Investor stats

  • Total investments: 18
  • Round size: Seed $1.3M–$18M; Initial Coin Offering $2.9M–$11M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
  • Freyr Energy — We are a full-service Solar systems integration and solutions company. We help you with Solar System Installations for your home and business.
  • The Fashion Kingdom — Fashion, Sneakers for men, women, and kids
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Murshid M. Ali
Angel · London, England, United Kingdom · 3 investments in Norway Enterprise startups

Dr. Murshid M. Ali an award-winning technology entrepreneur and investor. He holds a Phd in Economics from the University of Stavanger, and a masters degree in International Business from Grenoble Ecole de Management. He is the former Founder CEO of Huddlestock (OSE:HUDL), and co-founder of climate technology companies Norsk Solar (OSE:NSOL), andventure-backed Skyfri Group.

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Investment focus

  • Industry: Software, Financial Services, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 13
  • Round size: Seed $600k–$1.1M; Pre-Seed $400k–$1.5M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Monetor — Reducing corporate currency risk and protecting the bottom line
  • 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.
  • MakeImpact — Start investing today
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DNB Ventures
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Enterprise startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Lifco — Lifco provides a secure environment for small and medium-sized businesses. Lifco's business model is to acquire and develop market-leading niche businesses with the potential to deliver long-term earnings growth and strong cash flows.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
  • Vow Green Metals — Vow Green Metals purpose is to hasten the global switch to renewable resources by providing environmentally friendly substitutes for fossil reduction agents in the metallurgical sector.
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TeleVenture Management
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Enterprise startups

Making Venture Happen. Televenture is one of the leading venture capital companies in Norway.

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Investment focus

  • Industry: Software, Manufacturing, Biotechnology
  • Stage:Seed, Series A
  • Geography: Norway, United States

Investor stats

  • Total investments: 26
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • CrayoNano — CrayoNano is a next generation semiconductor company. We specialize in nanotechnology that will enable a more sustainable and healthier life for tomorrow.
  • Genetic Analysis — Genetic Analysis AS (GA) has the goal of being a leader within the field of molecular diagnostics of diseases related to gut imbalances. By utilizing the DNA-based GA-map™ array technology, profiles of a patient’s gut microbiota is quickly generated and can be related to various health conditions. Genetic Analysis has developed a DNA-basedtechnology platform that allows for simultaneous analysis of a large number of similarities (but not identical) gene fragments in one reaction. The company’s focus is to utilize this technology platform to identify variations in the hundreds of different bacteria that exist in the gut (large and small intestine). The GA - map makes it possible, for the first time, to offer a diagnostic solution – including early detection - for many diseases that are affected by imbalances in the gut microbiota. Genetic Analysis will offer kits and services for a wide range of applications.
  • Stingray Marine Solutions — Stingray Marine Solutions is a Norwegian technology firm that produces a laser unit which, when lowered into salmon farming pens, kills sea lice. It is based on entrepreneur Esben Beck’s patented idea in 2010 for salmon louse removal using camera vision and laser. It all started with Esben Beck and a lathe in his basement in 1999. After more than10 years of deliveries to oil, gas and offshore companies, he decided to invest in his own products. He decided to found and develop his own salmon louse project, where design, production, software development, testing, and installation were carried out by using in-house resources.Stingray is based in Oslo, Norway.
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Nunchi
VC Fund · 3 investments in Norway Enterprise startups

Nunchi is a real estate investor.

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Investment focus

  • Industry: Security, Software, Information Technology
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Round size: Seed $1.1M–$4.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Defigo — Defigo is a modern, convenient and user-friendly access control system, made with residential and commercial properties in mind. The Defigo system has been designed to manage property access, increase security and create an easier everyday life for tenants and property managers.
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Norselab
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Enterprise startups

Norselab Investment Management manages Meaningful Equity I, a venture fund investing in fast-growing technology companies with net-positive impact.

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Investment focus

  • Industry: Software, SaaS, Agriculture
  • Stage:Seed, Series A
  • Geography: Norway, Switzerland, United States

Investor stats

  • Total investments: 20
  • Round size: Seed $500k–$6.3M; Series A $2M–$15M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Looping — Looping offers reuse as a service by substituting reusable transport packaging for single-use plastic products. It produces long-lasting and reusable transport wrapping for building modules, housing modules, and steel containers.
  • Beefutures — Rooted in the beekeeping legacy and driven by expert engineering, Beefutures delivers accessible nature-based solutions to power a more sustainable world.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
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Loyal VC
VC Fund · Toronto, Ontario, Canada · 3 investments in Norway Enterprise 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: 162
  • Round size: Seed $142k–$2.5M; Pre-Seed $30k–$1.4M
  • Lead/follow: 14% lead, 86% 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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Futurum Ventures
VC Fund · 3 investments in Norway Enterprise startups

Futurum Ventures invest in visionary entrepreneurs build and scale tech companies.

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Investment focus

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

Investor stats

  • Total investments: 7
  • Round size: Seed $4M–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 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.
  • Optio Incentives — Optio helps businesses incentivize employees, manage equity, stay compliant, and report costs with our software and advisory
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Magnus Carlsen
Angel · 3 investments in Norway Enterprise startups

Magnus Carlsen is the Co-founder of Freestyle Chess.

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Investment focus

  • Industry: Sports, Soccer, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, United States

Investor stats

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

Portfolio highlights

  • 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.
  • Metric — Metric develops AI-driven tools for automating digital advertising. Its platform, which primarily serves Shopify-powered e-commerce companies, is made to handle campaign creation, budget distribution, and performance optimization across Meta and Google.
  • TOCA Football — TOCA Football! Improve your skills with state of the art equipment and training programs for kids, adults, and professionals at TOCA Football training centers.
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Voyagers
VC Fund · London, England, United Kingdom · 3 investments in Norway Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $2M–$6.4M; 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 — last raise 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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Nordic Makers
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Norway Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 49
  • Round size: Seed $270k–$4.6M; Pre-Seed $206k–$2.6M; Series A $2.3M–$16M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Good Tape — Good Tape provides an AI-driven transcription platform that converts audio and video files into text across more than 100 languages and dialects. The service offers features such as speaker identification, subtitle file downloads, and customizable export formats, including Word and SRT. Users can manage files through a secure vault, utilize team collaboration functions, and integrate transcription workflows via API. Good Tape processes data within the European Union and implements encryption protocols to protect user content.
  • Atech — Describe the device you want to build. Atech picks the plug-in modules, shows where each one goes on an ESP32 motherboard, and writes working firmware in minutes. No soldering.
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Enterprise startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $766k–$4M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Plaace — Plaace er en AI-drevet stedsintelligensplattform som leverer data og innsikt for enhver gate og by. Ta smartere lokasjonsbeslutninger.
  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • 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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Enterprise Investor funding in Norway at a glance

Stats across 730 deals from 726 investors.

726
investors
in Norway Enterprise startups
730
deals
in Norway Enterprise startups
$1.6M
median round
in Norway Enterprise startups
33%
lead investors
lead at least one round
25%
Seed
most common funding stage
77/23
VC / Angel
share of investor count

Access all 726 investors in Norway Enterprise startups.

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