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Top 50 Hardware Startup Investors in Norway in April 2025

A list of 50 angel investors and VC (Venture Capital) funds that invest in Hardware startups based in Norway. We rank investors based on the number of investments they made in Hardware companies from Norway. We update this investor list every month.

Top 50 Hardware Startup Investors in Norway in April 2025

Investor Hardware Norway investments
Investinor 13
ProVenture 9
Alliance VC 7
SINTEF Venture AS 6
Skyfall Ventures 4
Luminar Ventures 4
Nysnø 4
Acequia Capital (AceCap) 3
Bring Ventures 3
Northzone 3
Idekapital 3
MP Pensjon 3
Valinor AS 3
fresh.fund 3
Kistefos Venture Capital 3
Ferd 3
Draper B1 3
Antler 3
Rolf Ahlqvist 2
Multicoin Capital 2
BAGi 2
Holta Invest 2
Voima Ventures 2
TD Veen 2
Norselab 2
CoFounder 2
Autodesk 2
Hartmann Capital 2
Skagerak Maturo 2
Tharald Nustad 2
Innovation Norway 2
The Crowd Angel 2
TeleVenture Management 2
Magnus Carlsen 2
Christian Rokseth 2
Anne Worsoe 2
Nordic Green Capital 2
Johan Brand 2
Dragonfly 2
Founders Fund AS 1
Jamie Brooker 1
Jason Choi 1
AVG Group 1
Momentum 1
Adolfsen Group 1
Lars Fjeldsoe-Nielsen 1
Sandwater 1
Lifeline Ventures 1
ESADE BAN 1
Alliance Ventures 1
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Investor list
Investinor VC Fund · Trondheim, Sor-Trondelag, Norway
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
  • Software, Biotechnology, Manufacturing
  • Funding Round, Seed, Series A
  • Norway, United States, Switzerland
Portfolio highlights
  • Eyr — Eyr offers digital tools for medical consulting and doctor's prescription regarding various health issues.
  • Calluna Pharma — Join Calluna Pharma to transform therapeutics for inflammatory and fibrotic diseases. With a robust pipeline, seasoned leadership, and strategic alliances, we can revolutionize patient care.
  • Ignite — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
ProVenture VC Fund · Trondheim, Sor-Trondelag, Norway
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
  • Software, Oil and Gas, Information Technology
  • Seed, Funding Round, Series A
  • Norway, United States, India
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.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
  • Cimon Medical — Cimon Medical develops and manufactures novel Doppler ultrasound technology for healthcare and aim to become the market leader in continuous direct monitoring of blood-flow. The first product to be released in Q4 21 is NeoDoppler - non-invasive continuous monitoring of blood-flow in the brain of premature or critically ill infants.
Alliance VC VC Fund · Oslo, Oslo, Norway · 5 investments 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
  • Software, Information Technology, Analytics
  • Seed, Series A, Funding Round
  • Norway, United States, Sweden
Portfolio highlights
  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Tana — Tana is a software development company that reinvents how humans, teams, and computers work together. Tana was founded in 2020 and was headquartered in Oslo, Norway.
  • Lightbringer — Lightbringer is your all-in-one solution for patent protection. Easily navigate your patent journey with our digital AI-powered platform and seasoned patent attorneys.
SINTEF Venture AS VC Fund · Trondheim, Sor-Trondelag, Norway
We commercialize technology created by SINTEF's research environments
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Investment focus
  • Manufacturing, Software, Energy
  • Seed, Funding Round, Pre-Seed
  • Norway, United States, United Kingdom
Portfolio highlights
  • Nomono — Nomono offers an all-in-one portable podcast kit, the Sound Capsule, designed for effortless recording and professional-quality audio. Simply press record to capture studio-quality sound anywhere, with no setup required. Enhance and edit your podcasts seamlessly with Nomono Cloud's AI-powered audio processing. Ideal for podcasters and broadcast journalists seeking a streamlined workflow and exceptional sound quality.
  • 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.
Skyfall Ventures VC Fund · Oslo, Oslo, Norway · 7 investments in the past 12 months
We are an early stage venture capital firm based in Oslo, Norway.
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Investment focus
  • Software, Information Technology, Artificial Intelligence
  • Pre-Seed, Seed, Funding Round
  • Norway, Denmark, United States
Portfolio highlights
  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
Luminar Ventures VC Fund · Stockholm, Stockholms Lan, Sweden · 7 investments in the past 12 months
Luminar Ventures is a venture capital fund that prefers to make early-stage investments in technology companies. They engage with their portfolio companies and are actively helping with strategic, growth, team and organizational, and operational support, and together setting the foundation for future expansion.Luminar's core investment focusis on scalable digital seed-stage companies from the Nordics, founded by highly motivated and talented entrepreneurs with a vision to disrupt or transform major industries. The firm aims to provide experienced seed-stage financing and active operational support to Sweden based early-stage technology companies that are looking to disrupt or transform major industries with digital technologies and innovations.
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Investment focus
  • Software, Information Technology, SaaS
  • Seed, Series A, Funding Round
  • Sweden, Norway, United States
Portfolio highlights
  • Corsmed — The leading MRI simulator for education, training and research. A virtual MRI scanner available at any laptop with internet connection.
  • ReCarber — Commercializing carbon removal projects. ReCarber matches emitters with off-takers, orchestrates financing, and commercially develops BECCS / bio-CCS projects.
  • Lightbringer — Lightbringer is your all-in-one solution for patent protection. Easily navigate your patent journey with our digital AI-powered platform and seasoned patent attorneys.
Nysnø VC Fund · Stavanger, Rogaland, Norway · 4 investments 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
  • Renewable Energy, Software, Robotics
  • Funding Round, Series A, Series B
  • Norway
Portfolio highlights
  • Flocean — Flocean delivers subsea pumping systems for providing clean drinking water in the region.
  • eSmart Systems — ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.
  • Maritime Robotics — Maritime Robotics is a leading provider of advanced autonomous technology, enabling safe, sustainable and cost effective maritime operations and applications.
Acequia Capital (AceCap) VC Fund · Seattle, Washington, United States · 9 investments in the past 12 months
We are a leading early-stage investment platform. We are at the center of a global ecosystem that attracts and fuels the technical founders and product teams building the next wave of global businesses.
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Investment focus
  • Software, Information Technology, Artificial Intelligence
  • Seed, Series A, Pre-Seed
  • United States, United Kingdom, Switzerland
Portfolio highlights
  • Uthana — Uthana operates as a 3D character animation studio that uses generative AI.
  • ChainOpera AI — ChainOpera AI - The Blockchain and Protocol for Co-owning and Co-creating Decentralized AI Apps and Agents for Humanity, Backed by Federated AI OS and Platform
  • Dead Astronauts — Dead Astronauts reinvents open-world game experiences with technical innovation at the core of the company and PLAYER CREATIVITY at the core of the games we make.
Bring Ventures VC Fund
Bring Ventures is the Corporate Venture arm of the Norway Post Group. Bring Ventures is dedicated to invest in disruptive and ambitious seed and early phase companies within sustainability and digitalization. We strive to be a value-adding investor by building close relationships, exchange capabilities, expertise, customers and volumes. We believethe success of the future will be created together in a collaboration with other actors such as universities, innovation environments and start-ups. We want to contribute to create and build completely new type of business models – like ecosystem.
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Investment focus
  • E-Commerce, B2B, Information Technology
  • Seed, Funding Round, Series A
  • Sweden, Norway, United Kingdom
Portfolio highlights
  • Tise — Buy and sell secondhand fashion. Download the app here.
  • Kavall — Kavall is a grocery delivery startup.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
Northzone VC Fund · London, England, United Kingdom · 26 investments in the past 12 months
Northzone is a multi-stage venture capital fund that seeks to invest in the healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming industries.
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Investment focus
  • Software, E-Commerce, Information Technology
  • Series A, Series B, Seed
  • United States, Sweden, United Kingdom
Portfolio highlights
  • Dalma — Dalma offers transparent, subscription-based health insurance that covers pets, reimbursing costs related to illnesses, injuries, and preventive care.
  • Mimo — Access a cost-effective, unified payments platform with pre-approved credit. Built for SMEs, accountants and bookkeepers, money-in and money-out is effortless with Mimo.
  • Era Finance — Unlock the power of AI-driven personal finance management with Era. Take control of your finances effortlessly, optimize investments, and maximize savings. Let Era guide you through key financial terms, making every dollar count. Experience the future of wealth management today.
Idekapital VC Fund · Oslo, Oslo, Norway · 3 investments in the past 12 months
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
  • Software, SaaS, Information Technology
  • Seed, Series A, Funding Round
  • Norway, United Kingdom
Portfolio highlights
  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • Simplifai — Simplifai is a holistic Artificial Intelligence (AI) company with the vision to empower tomorrow's digital winners and to release the full potential of human employees through the smart application of artificial intelligence and automation technology. The company's disruptive, hyper-automation solutions allow customers to automate workprocesses where free-text, natural language emails, documents, or chat are the information carriers. Its Emailbot can automate the handling of up to 80% of the inquiries in an average customer service center.Simplifai was established in 2017 and is headquartered in Oslo, Norway.
MP Pensjon VC Fund · Oslo, Oslo, Norway · 2 investments in the past 12 months
MP Pensjon er pensjonskasse for TINE SA og norske datterselskaper. God og langsiktig forvaltning sikrer din pensjon.
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Investment focus
  • Software, Information Technology, SaaS
  • Funding Round, Seed, Series A
  • Norway, Sweden
Portfolio highlights
  • Flocean — Flocean delivers subsea pumping systems for providing clean drinking water in the region.
  • Sensibel — We develop the next generation MEMS microphone and give you true studio-quality audio in a small MEMS package using optical technology.
  • 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.
Valinor AS VC Fund · Stavanger, Rogaland, Norway
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
  • Renewable Energy, Robotics, Software
  • Seed, Series A, Funding Round
  • Norway, United Kingdom
Portfolio highlights
  • Aivero — The Easiest Path from Camera to Machine Learning. Aivero provides an intuitive platform for real-time video streaming across multiple cameras, enabling effortless data capture from both 2D and 3D sensors
  • 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.
fresh.fund VC Fund · Jerusalem, Yerushalayim, Israel · 8 investments in the past 12 months
fresh.fund is an Israeli pre-seed venture capital fund investing in early-stage startups across segments and verticals.We're built to partner with early-stage founders from day one, often as the company's first institutional investors. Our model is refreshingly simple: up to $300,000 in pre-seed funding within <4 weeks and follow-oncapital as necessary.Check out our portfolio here >> https://www.fresh.fund/portfolio. It's never too early to have a conversation about your startup.
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Investment focus
  • Health Care, FinTech, E-Learning
  • Seed, Pre-Seed, Series A
  • Israel, United States, Norway
Portfolio highlights
  • Chamelio — Chamelio builds intelligent technology for in-house legal teams. We understand that every in-house legal team operates uniquely - shaped by their industry context, company culture, and strategic priorities. Our platform adapts to these distinct characteristics, delivering hyper-personalized workflows that evolve with your team's specific needs.
  • Vayu — Discover Vayu, the cutting-edge billing and revenue management platform designed to streamline operations and maximize efficiency for finance teams.
  • Guardoc Health — Streamlining clinical compliance with AI-driven accuracy in charting to meet regulations, enhance patient care, and optimize revenue management.
Kistefos Venture Capital VC Fund · Oslo, Oslo, Norway
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
  • Software, FinTech, Financial Services
  • Funding Round, Seed, Series A
  • Norway, Singapore, Sweden
Portfolio highlights
  • Surer — Surer is a cloud-based insurtech platform with a digital ecosystem of intermediaries and insurers. It provides tech solutions to help orchestrate the network in the insurance industry enabling insurance intermediaries to close deals with greater speed and allows insurers to distribute their product with better efficiency.
  • Workclass — Apply for any jobs and get hired in 24 hours now!
  • 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.
Ferd VC Fund · Lysaker, Akershus, Norway
Ferd er et familieeid investeringsselskap som er eid av femte og sjette generasjon Andresen.
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Investment focus
  • Software, Information Technology, Energy
  • Funding Round, Private Equity, Series A
  • Norway, Sweden, United States
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 — Nofence is a system virtual fencing for grazing animals. Virtual fencing of livestock has been a concept long discussed in academia. The Norwegian ag-tech startup Nofence has since 2011 developed and patented a solution for virtual fencing that has proven to work. The customers say that this will become a real gamechanger for livestock managementsince pastures can easily be defined by a few clicks on a tablet/smartphone. The herd is then safely fenced in and can be monitored. The system will send notifications if something happens. From the global food security perspective, this solution will make it much easier to utilize the uncultivated land for varied and healthy pasture, and make it possible to produce more food on cultivated land.
  • 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.
Draper B1 VC Fund · Valencia, Comunidad Valenciana, Spain · 5 investments in the past 12 months
We invest in you. Our commitment to innovation and entrepreneurship is your best ally to expand your business. Find out how we can boost your project!
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Investment focus
  • Software, Information Technology, Internet
  • Seed, Funding Round, Pre-Seed
  • Spain, United States, Italy
Portfolio highlights
  • Dcycle — Dcycle develops environmental intelligence tool.
  • Dost — Dost automates the process of incoming supplier invoices to help CFOs and Finance Managers of mid-size and large companies with a high volume of invoices to improve efficiency, accuracy in data entry and reduce time when processing incoming invoices by leveraging artificial intelligence (AI) and intelligent process automation (IPA).
  • 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
Antler VC Fund · Singapore, Central Region, Singapore · 118 investments in the past 12 months
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
  • Software, Information Technology, SaaS
  • Pre-Seed, Seed, Series A
  • Singapore, United Kingdom, Australia
Portfolio highlights
  • FitFlo — FitFlo brings to life the connected gym experience for Operators, Trainers and Members.
  • Mole — Mole is a digital business card and mobile website software. Connect with your clients, promote your business online and much more. Comes with free customised NFC business card.
  • Optacloud — Fostering a global AI powered ecosystem to achieve 100% cloud efficacy-> effortlessly, economically and eco-consciously. Dev tools stack for automating the entire development lifecycle of cloud apps across- Build, Deploy & Optimize.
Rolf Ahlqvist Angel
Rolf Ahlqvist
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Investment focus
  • Electronics, Public Safety, Information Technology
  • Pre-Seed
  • Norway
Portfolio highlights
  • Intoto — River and coastal risk management to protect assets, people and the environment.
Multicoin Capital VC Fund · Austin, Texas, United States · 11 investments in the past 12 months
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.
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Investment focus
  • Blockchain, Cryptocurrency, Software
  • Seed, Series A, Funding Round
  • United States, Singapore, Switzerland
Portfolio highlights
  • DoubleZero — DoubleZero is developing a global fiber network intended for high-performance distributed systems and blockchains. It seeks to enhance blockchain performance by establishing a dedicated physical infrastructure layer for communication.
  • Fuse Energy — Fuse Energy is building the future of electricity with cheaper tariffs, better service, and greener goals. Switch to Fuse Energy today
  • Drift — Drift brings on-chain, cross-margined perpetual futures to Solana. Making futures DEXs the best way to trade.
BAGi VC Fund · Girona, Catalonia, Spain
BAGi is the first business angels network created for invest on Startups with direct impact on Girona's region.
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Investment focus
  • Internet, Health Care, Information Technology
  • Seed, Angel, Funding Round
  • Spain, Norway, Switzerland
Portfolio highlights
  • Aniling — Aniling developing its worldwide patent of the second generation genomic analysis and epigenomic.
  • Petoons Studio — Petoons Studio is a developer of transmedia projects startup.
  • The Smart Lollipop — The Smart Lollipop is the non-invasive medical device in the shape of a lollipop for the diagnostic and disease monitoring through a saliva sample. The sweetest lab is The Smart Lollipop.
Holta Invest VC Fund · Oslo, Oslo, Norway
<p>Holta Invest AS is a privately held investment company headquartered in Oslo, Norway.</p>
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Investment focus
  • Computer, Software
  • Seed
  • Norway
Portfolio highlights
  • Decisions — Make your meetings more productive with our Agenda Builder, one-click meeting minutes and tracking of tasks & decisions from within Teams and Outlook.
  • Maritime Robotics — Maritime Robotics is a leading provider of advanced autonomous technology, enabling safe, sustainable and cost effective maritime operations and applications.
Voima Ventures VC Fund · Helsinki, Southern Finland, Finland · 7 investments 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
  • Biotechnology, Health Care, Medical Device
  • Seed, Pre-Seed, Funding Round
  • Finland, Sweden, Norway
Portfolio highlights
  • Skyfora — Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies.
  • Liquid Sun — Liquid Sun Ltd. We fight against climate change by recoding CO2 emissions to fossil-free fuels and chemicals. Our technology is based low temperature electrolyzers.
  • Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.
TD Veen VC Fund · Stavanger, Rogaland, Norway
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
  • Software, Internet, Video Streaming
  • Funding Round, Seed, Series A
  • Norway, United Kingdom, Germany
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.
  • Atlas Metrics — The single source of truth for your ESG data
Norselab VC Fund · Oslo, Oslo, Norway
Norselab is a leading European impact investment house. We are dedicated to proving that impact is the future of investing across asset classes.
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Investment focus
  • Software, SaaS, Agriculture
  • Seed, Funding Round, Series A
  • Norway, Switzerland, United States
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 — Beefutures combines biotechnology and data science and develops beekeeping tools. Our approach is to improve bee health and safety first and further optimise beekeeping operations and economics with digital tools.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
CoFounder VC Fund · Trondheim, Sor-Trondelag, Norway
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
  • Manufacturing, Industrial, SaaS
  • Seed, Funding Round, Series A
  • Norway
Portfolio highlights
  • Nicoustic — Nicoustic developed accurate, non-intrusive technology for separator-level measurement based on Guided Ultrasonic Waves. Their technique uses guided ultrasonic waves to measure the amounts of solids and liquids using sensors. It is being developed to measure the interface layers between emulsion and foam.Nicoustic's prototype is the outcomeof 20 years of study at the German Fraunhofer IKTS and a response to a challenge put forth by Equinor, the largest energy company in Norway.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
  • Receipts — Any cashier system can now identify customers and send digital receipts to their mobile banking.
Autodesk VC Fund · San Rafael, California, United States · 3 investments in the past 12 months
Autodesk is a global leader in design and make technology, with expertise across architecture, engineering, construction, design, manufacturing, and entertainment.
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Investment focus
  • Software, Manufacturing, SaaS
  • Series B, Series A, Seed
  • United States, Israel, Canada
Portfolio highlights
  • Sloyd — 3D modeling has never been easier. Select a generator, tweak it, done. Generate with realtime in the Sloyd Webapp or SDK.
  • Podium — The goal of Podium is to create useful, scalable software solutions that go against accepted business standards.
  • Transcend Software — Transcend's cloud-based SaaS platform enables your engineers to generate high quality water facility designs in 8 hours or less.
Hartmann Capital VC Fund · Boca Raton, Florida, United States · 7 investments in the past 12 months
Hartmann Capital offers one of the world's first crypto hedge funds to provide accredited investors exposure to Bitcoin and other digital assets in the virtual currency space.
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Investment focus
  • Virtual Reality, Software, Video Games
  • Seed, Pre-Seed, Series A
  • United States, Canada, Norway
Portfolio highlights
  • Sloyd — 3D modeling has never been easier. Select a generator, tweak it, done. Generate with realtime in the Sloyd Webapp or SDK.
  • Ludus AI — Ludus AI is a technology company introducing a next-generation solution for the 3D game and visualization industry. The startup, founded by Piotr Penar, former CEO of DreamStorm Studios, aims to facilitate the creation of high-quality content in Unreal Engine by using artificial intelligence.Unreal Engine, although recognized as the best tool forcreating 3D experiences, presents significant challenges for creators. Complicated documentation and complex processes often lead to extended production times and increased costs. Ludus AI was created in response to these problems, resulting from the founder's direct experience in managing a 60-person team of developers during a 9-year journey through the gaming industry and working on projects for Microsoft, Google and UPS.We've created a comprehensive set of tools that significantly speed up work in Unreal Engine, offering users not only the basic capabilities offered by AI technology, such as project and blueprint analysis, but also the innovative ability to automatically create objects in virtual space based solely on a description.Ludus AI solutions are used in many industries. Game studios can significantly accelerate the development process of projects, architectural firms gain the ability to quickly create interactive visualizations, and the training and simulation sector can more effectively create advanced training environments. The technology also works in the automotive industry in the design of user interfaces and in film production in the creation of virtual film sets.We're building tools that we needed ourselves when running a game studio. The reality is that many teams can't afford to hire senior Unreal developers, yet they need to deliver high-quality projects. Our tools bridge that gap, making professional-grade development accessible to teams of any size.The company, which recently released the first version of its solution, is already attracting the attention of the industry, has over 5,000 users and plans further expansion into international markets. We secured our first investors with 1,000,000 PLN in funding, including Hartmann Capital and one private-equity investor. We also joined the EU’s top Concordia Design Accelerator. In the coming months, Ludus AI will focus on the stability of its product, adding more features to its assortment and developing its most frequently used and most effective tool, which is the creation of 3D objects by description.
  • Squido Studio — No More Rainbows is a first person VR platformer with unique locomotion inspired by classic titles such as Super Meat Boy and Super Mario. The studio behind No More Rainbows is Montreal based Squido Studio, a studio that focuses on core mechanics and gameplay before all else.
Skagerak Maturo VC Fund
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
  • Software, Information Technology, SaaS
  • Seed, Series A, Funding Round
  • Norway
Portfolio highlights
  • Semine — The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)
  • OptoScale — OptoScale sells real-time monitoring equipment for fish farms. OptoScale engages in precision aquaculture, helping fish farmers unlock unprecedented productivity and sustainability gains.
  • Ignite — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
Tharald Nustad Angel · Oslo, Oslo, Norway
Tharald Nustad is the Founder and Owner of Nordic Impact, Founder and Owner of Katapult, and Co-Founder of Katapult Ocean. He is a former Chairman of the Board of Mallin AS. He attended Pacific Lutheran University.
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Investment focus
  • Farming, Information Technology, Communities
  • Funding Round, Seed, Pre-Seed
  • Ghana, Kenya, Norway
Portfolio highlights
  • TikkTalk - powered by Skiwo — TikkTalk is an online marketplace for connecting businesses and consumers for interpretation services. TikkTalk is an open digital solution for managing interpretation services and holding video or phone meetings in a browser on any device. Anyone with interpretation skills can sign up, validate their skills by uploading certifications, and getaccess to interpretation jobs worldwide. Government organisations and businesses can get direct access to a global pool of interpreters, sorted by language, certification levels and ratings.
  • ArcticStartup — ArcticStartup is helping to build communities with uncapped opportunities through media, events, PR and consulting since 2007.Launched in 2007 by Antti Vilpponen and Miikka Kukkosuo as founding writers and getting out two-three articles a week, ArcticStartup quickly started gaining traction. In 2008 Ville Vesterinen and Karri Saarinen joinedthe founding team and ArcticStartup launched its own that were at first held in a small bar of Dubrovnik in Helsinki. Both the media and events started going international in 2009, expanding to the neighbouring Nordics & Baltics. This growth continued until 2012, when the company nearly shut-down as the founders wanted to move-on to other projects. At that point Dmitri Sarle and Greg Anderson took over the company and re-founded ArcticStartup with Jan Ameri joining very shortly.
  • Differ — Student life can be boring and challenging without friends. Differ help you connect with other students and help start those first awkward conversations
Innovation Norway VC Fund · Oslo, Oslo, Norway · 2 investments in the past 12 months
Innovasjon Norge - vi gir lokale ideer globale muligheter
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Investment focus
  • Software, Information Technology, Artificial Intelligence
  • Grant, Seed, Funding Round
  • Norway, Romania, United States
Portfolio highlights
  • Leasi — Leasi delivers a forward-thinking rental and resource management system for companies that engage in internal or external distribution of machinery. This is achieved through an ecosystem that emphasizes the excessive use of data and datasharing, with a focus on user experience. Our goal is to create a simpler, more streamlined, and more efficientworkday for industry players by leveraging the power of data and collaboration within the ecosystem to ultimately reduce emissions, increase efficiency and enhance profitability.
  • Plaace — Proptech company creating vibrant streets and cities by helping property owners choose and connect with the right concepts, at the right place, using the right data.
  • Avisomo — Avisomo is an AgriTech startup that develops vertical farming plant factory solutions. Avisomo's solutions use AI and robots to automate plant growth with a cost-cutting formula that makes vertical farming more profitable than ever. Avisomo offers everything required to start a plant factory, including know-how and guidance on how totransition from startup to stable production.
The Crowd Angel VC Fund · Barcelona, Catalonia, Spain
The Crowd Angel is a premium equity crowdfunding platform that enables its users to invest from 3.000€ in a selection of the best Spanish startups. A hybrid between crowdfunding and venture capital, it takes an active part on the board of the companies invested. The platform opens the business angel model to people wanting to enter the startupecosystem.We have co-invested together with some of top Spanish VCs (Inveready, Keyword VC, Antai Venture Builder, Media Digital Ventures, Bankinter, etc). We are backed by Inveready and Keyword VC.
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Investment focus
  • Internet, E-Commerce, Software
  • Seed, Funding Round, Equity Crowdfunding
  • Spain, Norway
Portfolio highlights
  • VOLAVA — Volava is a fitness platform that brings the energy and benefits of studio-style workouts to the convenience and comfort of home. It is a connected, technology-enabled fitness boutique. It also makes fitness entertaining, approachable, effective, and convenient, while fostering social connections and building a community around wellness. Volavawas founded in 2017 and is headquartered in Barcelona, Spain.
  • Enso Spaces — The best coliving in Spain! We are in Barcelona, Madrid and Valencia. Apartments ready to move in and a community of people like you. Find your space!
  • Kymatio — Support your people. Protect the company. New approach to Employee Cybersecurity Management: Kymatio identifies, analyzes, assesses, and provides the means to treat the cyber risk of human origin. Visibility: allows companies to know the cyber risk they are facing, how it's distributed, and having metrics about the evolution along time.Efficiency: provides personalized and targeted plans, that can help to use technological tools where and how they are really needed. IT Risk Management + Neuroscience People: they are not agents that produce incidents, but valuable assets that manage information. They have vulnerabilities and are exposed to threats.Risks can be identified, measured and mitigated.
TeleVenture Management VC Fund · Oslo, Oslo, Norway
Making Venture Happen. Televenture is one of the leading venture capital companies in Norway.
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Investment focus
  • Manufacturing, Software, Information Technology
  • Funding Round, Seed, Series A
  • Norway, United States
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.
Magnus Carlsen Angel
Magnus Carlsen is the Co-founder of Freestyle Chess.
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Investment focus
  • Sports, Software, Computer Vision
  • Seed, Pre-Seed
  • Norway
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.
Christian Rokseth Angel · Stavanger, Rogaland, Norway
Christian Rokseth is dedicated and focused towards developing new and innovative communication solutions for enterprises. Since Christian Rokseth is started my career in 1999 Christian Rokseth have managed a series of advanced projects within the IT and Telecom industry. These projects have brought me significant knowledge about all the requiredsteps and processes involved in order to bring state of the art electronics and software products to the market. In 2014 Christian Rokseth is managed the development and market introduction of the world's first intrinsically safe smartphone. The product was developed from scratch by a team of 8 engineers. Likely the smallest team ever to develop a smartphone.
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Investment focus
  • Electronics, CRM, Security
  • Seed, Pre-Seed
  • Norway
Portfolio highlights
  • Auk — Auk creates a fully-automatic system that makes it easier to grow vegetables, salads and herbs at your own kitchen
  • Globus.ai — Cover up to 40% more shifts, every day, with our self-learning, AI-based, workforce management software. Book your free trial today.
  • Intoto — River and coastal risk management to protect assets, people and the environment.
Anne Worsoe Angel · Oslo, Oslo, Norway
I work with early-stage technology startups and founders with ambitions to solve global challenges. I'm co-founder and partner at Farmhouse, investing primarily in Norwegian startups, and a venture partner at Antler, a global early-stage VC. Previously, I held the position as Portfolio Manager and Partner at B&B while the company scaledfrom 16 to 60+ people in three countries. I initiated and co-founded the co-working space Nordic Innovation House in Silicon Valley, explored new business opportunities in the renewables industry and I was the first CEO of the Norwegian Venture Capital & Private Equity Association. I have experience as a co-founder, angel investor, member of the Board of Directors for startups and VCs, focusing on early-stage ventures, growth, and internationalization. I'm passionate about helping startups scale their impact, and especially empowering female co-founders and angel investors.
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Investment focus
  • Artificial Intelligence, Information Technology, Financial Services
  • Pre-Seed, Angel, Funding Round
  • Norway, United States, Denmark
Portfolio highlights
  • Ownersroom — Handle your investor network like a professional, providing a single entry point to all the information they need!
  • SafetyWing — Health and insurance products for remote companies and remote workers worldwide, as a replacement for national welfare systems.
  • Savvie — Savvie is your sales forecasting tool, waste tracking tool, sold-out tracker, ordering solution, product manager and analytics dashboard all in one intuitive app. We help you reduce food waste while maximizing sales with our one-click solution for store management.
Nordic Green Capital VC Fund · Kristiansand, Vest-Agder, Norway
We put relentless effort in creating smarter sustainable solutions for all.
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Investment focus
  • Electronics, Public Safety, Information Technology
  • Pre-Seed
  • Norway
Portfolio highlights
  • Intoto — River and coastal risk management to protect assets, people and the environment.
Johan Brand Angel · Oslo, Oslo, Norway
Johan is co-founder of Kahoot!, an educational gaming platform with millions of users world wide. Johan has over a decade's experience merging creativity, innovation and technology. Johan's work has included high profile projects for brands including Mercedes, BBC, HP, and Unilever, as well as startups in London and abroad. In 2010 heset up what has become We Are Human, a lean co-creative company, with global impact. In addition to working with some of the world's most recognised brands, We Are Human also incubates and develops its own IP, including the innovative EdTech platform Kahoot! Johan is regular facilitator, speaker and lecturer at universities and events. These include SXSW, OECD, Design Week, UCL and UiO. Johan is a Fellow of the Royal Society of Arts (RSA).
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Investment focus
  • Software, EdTech, Information Technology
  • Seed, Funding Round, Series B
  • Norway, United States, United Kingdom
Portfolio highlights
  • Ludenso — Ludenso is a software developer of AR solutions for the education industry. To make education more creative and engaging, we are giving editors, authors, and teachers the power to bring their learning resources to life through 3D models, animations, videos, and audio support. This is made possible through the Ludenso Studio, where they can createinclusive learning experiences that enables students to learn in their own way.
  • Perlego — Perlego is an online library subscription service for textbooks and non-fiction titles. Having partnered with over 3,000 of the world's best publishers, it gives its users unlimited access to over 650,000 eBooks and publications via an affordable monthly subscription. It aims to make learning accessible to all. It was founded in 2016 and isheadquartered in London, England.
  • Evoy — Evoy manufactures and designs the world most powerful electric boat motors available in the market - Inboard and Outboard!
Dragonfly VC Fund · San Francisco, California, United States · 24 investments in the past 12 months
A cross-border cryptoasset investment firm. Global from day one.
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Investment focus
  • Blockchain, Cryptocurrency, Financial Services
  • Seed, Funding Round, Series A
  • United States, Singapore, Hong Kong
Portfolio highlights
  • Hibachi — Hibachi is a decentralized trading protocol specifically designed for professional traders, focusing on provable security through the application of zero-knowledge (zk) mathematics. This innovative approach aims to enhance both the security and transparency of trading operations, making the platform intuitive and efficient for users.
  • Yeet — Yeet is a gambling platform will offer a variety of traditional casino games like blackjack and roulette alongside new, crypto-focused games.
  • Level — Level is a stakblecoin backed by restaked dollar tokens.
Founders Fund AS VC Fund · Oslo, Oslo, Norway
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
  • B2B, SaaS, Internet
  • Seed
  • Norway, United States
Portfolio highlights
  • Scrimba — Scrimba is a fun and fast way of learning to code! Our interactive courses and tutorials will teach you React, Vue, Angular, JavaScript, HTML, CSS, and more.
  • Confrere — Confrere is a video meeting and conferencing platform for professionals. The video chat solution was developed specifically for doctors, tutors, banks, psychologists, recruiters, personal trainers, and their clients in mind.The video conferencing solution was developed by Svein Willassen, Dag-Inge Aas, and Ida Aalen with a concept of buildingvirtual clinics for professions like doctors and bankers through video solutions, so they can meet their clients without actually meeting them.
  • AblePay Technologies — AblePay Technologies was founded in 2009 as a spin-out from the Research Department of Telenor, and the technology has been developed in close collaboration with SINTEF, the largest independent research organisation in Scandinavia.
Jamie Brooker Angel · London, England, United Kingdom
Jamie Brooker is the Founder & Strategic Advisor at Kahoot!
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Investment focus
  • Education, Publishing, EBooks
  • Seed, Series B
  • Norway, United Kingdom
Portfolio highlights
  • Ludenso — Ludenso is a software developer of AR solutions for the education industry. To make education more creative and engaging, we are giving editors, authors, and teachers the power to bring their learning resources to life through 3D models, animations, videos, and audio support. This is made possible through the Ludenso Studio, where they can createinclusive learning experiences that enables students to learn in their own way.
  • Perlego — Perlego is an online library subscription service for textbooks and non-fiction titles. Having partnered with over 3,000 of the world's best publishers, it gives its users unlimited access to over 650,000 eBooks and publications via an affordable monthly subscription. It aims to make learning accessible to all. It was founded in 2016 and isheadquartered in London, England.
Jason Choi Angel · New York, New York, United States
Jason Choi is Venture Investor at Contrary Capital.
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Investment focus
  • Financial Services, Cryptocurrency, Blockchain
  • Seed, Pre-Seed, Series A
  • Singapore, United States, Norway
Portfolio highlights
  • Encode Club — Learn crypto with our web3 education community. Get learning. Get building. Get hired. Get funding.
  • Hashflow — Tight spreads. Zero slippage. MEV-resistant.
  • LI.FI — Swap and move any crypto asset across any blockchain ecosystem.
AVG Group VC Fund · Lenzingerberg, Bayern, Germany
Welcome to Greenlight Group - where renewable energy meets green investing solutions. Renewable Energy Solutions, green investing, wind energy,solar energy
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Investment focus
  • Electronics, Manufacturing, Semiconductor
  • Seed
  • Norway
Portfolio highlights
  • TGN Energy — Shaping the energy distribution of the future. What We Do We are the natural partner for industrial buildings and developers seeking energy optimized projects. The global production of electricity is becoming more and more sustainable. At TGN we offer innovative and agile energy management systems for commercial real estate, letting
Momentum VC Fund · Bergen, Hordaland, Norway
Momentum Partners clear ambition is to build the leading consulting environment in Western Norway within our service. They create value and growth for their clients through a wide range of services with an operational approach to strategy development and profitability improvement.
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Investment focus
  • Manufacturing, Renewable Energy, AgTech
  • Seed, Funding Round
  • Norway, Finland
Portfolio highlights
  • Glint Solar — Enabling developers to identify and analyze the best solar sites
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Remora Robotics — Remora Robotics is a Norwegian technology firm that specializes on aquaculture robotics.
Adolfsen Group VC Fund
The Adolfsen Group is a group of companies in which Kristian Adolfsen and Roger Adolfsen are shareholders. The Group invests across a wide range of sectors, many of which having a link to its origins within hotel operations.
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Investment focus
  • SaaS, Payments, Robotics
  • Series A, Series B
  • Norway
Portfolio highlights
  • Semine — The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)
Lars Fjeldsoe-Nielsen Angel · London, England, United Kingdom
Lars Fjeldsoe-Nielsen is a Co-Founder & serves as a Partner at 2xN. Lars Fjeldsoe-Nielsen was General Partner at Balderton Capital in London from 2015-2021 through four funds. He joined after spending a decade in Silicon Valley where he was with Uber and Dropbox.Since 2012 his venture track record includes two IPOs (Uber, Dropbox) and 11acquisitions.Lars joined Balderton from Uber which he joined when the company was operating in less than 20 cities. His role as Vice-President resulted in strategic alliances. Lars joined Uber from Dropbox as one of the company’s first 25 employees. As Head of Mobile, his growth deals with Samsung and other mobile OEMs helped Dropbox reach its first 100 million users. Prior to that Lars held positions at Voicesignal (acq. Nuance), Skyhook Wireless (acq. TruePosition), Ness Technologies (acq. Opentable), 3Jam (acq. Skype) and T9 Tegic (acq. AOL). More than a billion people have used the software and services distributed as a result of mobile growth partnerships led by Lars.His venture investments include Voi (Raine), Labster (A16Z), Hiya (Ericsson), Cambridge Quantum Computing (HON), Hopin (A16Z), Opensea (A16Z), Yassir (YC), Beacon (Eric Schmidt), The org (Sequoia), Octant (A16Z), Zycada (Khosla), Monarch Money (Accel) and Kukua (Tencent), Dubsmash (acq. Reddit), Tempow (acq. Google), Rahko (acq. Odyssey Therapeutics), Pocket (acq. Mozilla), Blue Bottle (acq. Nestle), Marble (acq. Caterpillar).Lars, who is Danish-Portuguese, grew up across Africa and served with the Royal Danish Guards. He holds a MBA from London Business School, where he also serves on the Board of Trustees, an MSc from Oxford University Keble College and a BSc from King’s College, London. He lives in London with his wife and three children.
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Investment focus
  • Software, Information Technology, Mobile Apps
  • Seed, Series A, Funding Round
  • United States, Denmark, United Kingdom
Portfolio highlights
  • HUBUC — A single API-platform that allows any business to embed financial services capabilities into their products. 
e.g Uber can issue branded credit cards for all Uber drivers and Walmart provides customers a simple way to better manage and control their everyday finances, with no regulatory burden or compliance requirements in a few weeks.
  • LiveFlow — The easiest way to bring financial data into your spreadsheet. Automate your finances, consolidate your accounts and collaborate in real-time. Try LiveFlow for free today!
  • Quantrol Ox — Building Machine Learning Based Software for Quantum Control with a goal to maximise quantum computer uptime.
Sandwater VC Fund · Oslo, Oslo, Norway · 2 investments in the past 12 months
We are Sandwater. Regeneration of our resources. Vitalizing healthcare & education. Improving life through technology.
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Investment focus
  • Apps, AgTech, Energy
  • Series A, Seed
  • Norway, Finland
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.
  • XO Life — XO Life is to build the largest real-world evidence platform for patient insights for all medications and therapies. Together with one of Europe's leading research institutes for patient-centered research, the PROMIS Institute Germany of the Charité, and various pharmaceutical manufacturers, patient experiences are to be recorded in astandardized and systematic manner across a wide range of diseases. Patients are to be enabled to record their therapy course and outcome independently as well as scientifically validated so that these patient insights from real treatment practice can be used in the life science industry and by medical professions.
  • CardioSignal — Access information about your heart health in just one minute using your phone.
Lifeline Ventures VC Fund · Helsinki, Southern Finland, Finland · 8 investments in the past 12 months
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
  • Software, Health Care, E-Commerce
  • Seed, Series A, Funding Round
  • Finland, United States, United Kingdom
Portfolio highlights
  • Soldera — Soldera enables renewable energy producers to earn additional income through an automatic guarantee of the origin trading system.
  • In Parallel — In Parallel aligns strategy and execution, enabling organizations to thrive in complexity and adapt to change. Our Intelligent Operating Model bridges the gap between strategy and operations. Founded in 2023.
  • In Parallel — In Parallel aligns strategy and execution, enabling organizations to thrive in complexity and adapt to change. Our Intelligent Operating Model bridges the gap between strategy and operations. Founded in 2023.
ESADE BAN VC Fund · Barcelona, Catalonia, Spain
ESADE BAN is a Barcelona-based business angel network that works to advance entrepreneurship and investments in Spain.
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Investment focus
  • Software, Internet, Mobile
  • Seed, Angel, Series A
  • Spain, Chile, Norway
Portfolio highlights
  • Kuorum — Kuorum provides solutions for electronic voting. Our clients organize telematic shareholders meetings, assemblies, elections and other secure and legal processes since 2013. Kuorum complies with the European Regulation of Electronic Identification (REU 910/2014), with the National Security Scheme according to RD 3/2010, ISO/IEC27001/2014 audited by AENOR. Our technology is the result of more than five years of research and development in the field of security and usability. And we provide custom support, paying attention to the particularities of each client and advising their teams in technological, as well as legal and strategic aspects.
  • Pack2Earth — Pack2Earth, S.L. is a company that specializes in developing new, sustainable materials for the food sector and other industries.
  • Ixoriguè Technologies — Ixoriguè Technologies are into livestock business.
Alliance Ventures VC Fund · Amsterdam, Noord-Holland, The Netherlands
Learn more about the Renault Nissan Mitsubishi Alliance and its ambitions for 2030.
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Investment focus
  • Software, Artificial Intelligence, Automotive
  • Series B, Series C, Series A
  • United States, China, Israel
Portfolio highlights
  • Bits Technology — Bits Technology connects data sources & orchestrates workflows for financial tech services.
  • 1X — At Halodi Robotics we are passionate about robots. Our mission is to bring capable humanoid robots to everyone. We develop safe, capable and affordable robots that help human beings live better lives!
  • The Mobility House — Their approach within the world of smart energy is to realize e-mobility - by emphasizing on individual mobility and fuelled by energy from regenerative resources. Companies and individuals can easily enter the electric mobility area - in a safe, sustainable and affordable way, thereby walking away from fossil fuel consuming solutions from thepast.Ever since 2009 The Mobility House has become one of Europe’s leading providers for electric mobility.Within the fast-growing market environment they specialize on charging solutions and managing the battery pack for energy storage. They stand for an international access to e-mobility – which is safe and customer-oriented. The quality of their products combined with reasonable prices and optimum customer service, ensure satisfaction of their customers and their business partner.Operating b2b with the automotive industry, leasing services and energy utilities, and b2c with EV customers: Fulfilling the customers´ needs is their benchmark for competition within the market.
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