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Top 50 Hardware VC Funds & Investors in Norway (July 2026)

The most active venture capital funds investing in Norway Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Hardware 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
13 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Investinor
VC Fund
12 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
ProVenture
VC Fund
11 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$5.6M
SINTEF Venture AS
VC Fund
7 Norway, United States, United Kingdom Seed, Pre-Seed Manufacturing, Information Technology, Software $160k–$5.1M
Skyfall Ventures
VC Fund
5 Norway, Denmark, United States Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $336k–$5.5M
Nysnø
VC Fund
5 Norway, United Kingdom Series A, Venture - Series Unknown Renewable Energy, Robotics, Software $5M–$74M
Luminar Ventures
VC Fund
5 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
DTCP
VC Fund
5 United States, Germany, Israel Series C, Series B Software, Information Technology, SaaS $7.7M–$177M
Alliance VC
VC Fund
5 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Analytics $1M–$19M
fresh.fund
VC Fund
3 Israel, United States, Norway Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, Software $300k–$21M
MP Pensjon
VC Fund
3 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Voima Ventures
VC Fund
3 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$30M
Acequia Capital (AceCap)
VC Fund
3 United States, United Kingdom, Switzerland Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $575k–$25M
Innovation Norway
VC Fund
3 Norway, Romania, Sweden Grant, Seed Software, Information Technology, SaaS $47k–$3.6M
Idekapital
VC Fund
3 Norway, United Kingdom Series A, Seed Software, SaaS, Information Technology $168k–$16M
Draper B1
VC Fund
3 Spain, United States, Italy Seed, Pre-Seed, Series A Software, SaaS, Information Technology $200k–$10M
Northzone
VC Fund
3 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$90M
Bring Ventures
VC Fund
3 Sweden, Norway, United Kingdom Seed, Series A E-Commerce, B2B, Logistics $193k–$6.6M
Kistefos Venture Capital
VC Fund
3 Singapore, Norway, Sweden Seed, Series A Software, FinTech, SaaS $700k–$16M
Ferd
VC Fund
3 Norway, Sweden, United States Private Equity, Series A Software, Energy, Information Technology $2.2M–$14M
Sandwater
VC Fund
2 Norway, Germany, France Series A, Seed AgTech, Medical, Agriculture $8.5M–$24M
TSVC
VC Fund
2 United States, China, Canada Seed, Series A Software, Artificial Intelligence, Health Care $500k–$55M
BAGi
VC Fund
2 Spain, Norway, Switzerland Seed, Angel Internet, Health Care, Software $219k–$690k
Dragonfly
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $2.2M–$40M
Nordic Green Capital
VC Fund
2 Norway Pre-Seed Electronics, Public Safety, Information Technology $131k–$140k
Hartmann Capital
VC Fund
2 United States, Canada, Ukraine Seed, Pre-Seed, Series A Software, Virtual Reality, Gaming $150k–$8M
Norselab
VC Fund
2 Norway, Switzerland, United States Seed, Series A Software, SaaS, Agriculture $500k–$14M
Multicoin Capital
VC Fund
2 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, Software $1.5M–$73M
Blystad Group
VC Fund
2 Norway Venture - Series Unknown AgTech, Robotics, Agriculture $11M–$12M
Skagerak Capital
VC Fund
2 Norway, Sweden Series A, Venture - Series Unknown, Seed SaaS, Manufacturing, Information Technology $4.8M–$24M
Vsquared Ventures
VC Fund
2 Germany, United States, Switzerland Seed, Series A Artificial Intelligence, Semiconductor, Manufacturing $4.2M–$66M
Runa Capital
VC Fund
2 United States, Germany, France Series A, Seed, Series B Software, SaaS, Financial Services $1M–$20M
Future Ventures
VC Fund
2 United States, China, Canada Series A, Seed, Series B Biotechnology, Software, Medical $2.7M–$863M
TeleVenture Management
VC Fund
2 Norway, United States Seed, Series A Software, Manufacturing, Biotechnology
Lifeline Ventures
VC Fund
2 Finland, United States, United Kingdom Seed, Series A Software, Health Care, E-Commerce $547k–$20M
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Robotics, Software, Renewable Energy $1.8M–$2.4M
Holta Invest
VC Fund
2 Norway Seed, Private Equity, Venture - Series Unknown AgTech, Energy, Farming
Autodesk
VC Fund
2 United States, United Kingdom, Israel Series B, Series A, Seed Software, SaaS, Manufacturing $1.6M–$55M
Skagerak Maturo
VC Fund
2 Norway Seed, Series A Software, SaaS, Information Technology $961k–$7.5M
Rabobank Food & Agri Innovation Fund
VC Fund
2 United States, United Kingdom, The Netherlands Series A, Series B, Seed Agriculture, AgTech, Farming $3.8M–$28M
Nordic Makers
VC Fund
2 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, Education $270k–$14M
Momentum
VC Fund
2 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $1.6M–$18M
The Crowd Angel
VC Fund
2 Spain, Norway Seed, Equity Crowdfunding Internet, Software, E-Commerce $241k–$2.1M
CoFounder
VC Fund
2 Norway Seed, Series A Industrial, Manufacturing, SaaS $821k–$2.3M
Eviny Ventures
VC Fund
2 Norway, Sweden, Finland Seed, Venture - Series Unknown Energy Storage, SaaS, Energy $2.2M–$17M
RunwayFBU
VC Fund
2 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $538k–$6.2M
SPRINGfondet
VC Fund
1 Norway Seed Software, Database, Hardware
OpenAI Startup Fund
VC Fund
1 United States, Norway Seed, Series A, Series B Artificial Intelligence, Legal, Children
Point Nine
VC Fund
1 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$53M
CoinGecko
VC Fund
1 United States, Canada, Vietnam Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Financial Services $1.2M–$65M
Access all 273 VC funds in Norway Hardware 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 · 13 investments in Norway Hardware startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1820
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$750k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Agentio — Agentio's patent-pending ad platform empowers marketers to finally unlock scalable, creator-led advertising. Programmatically buy the highest quality creator and influencer ad reads to deliver unprecedented efficiency and performance.
  • Codis.io — COD LEGAL BLOG CONTACT US Areas We Serve California Florida TEXAS Ohio Trusted Insights on Birth Injury and Medical Negligence Law COD LEGAL BLOG is a dedicated legal information platform created to help readers understand complex legal matters in a clear and structured way. Click here to learn more. The legal system can often feel
  • Quantflo — Options market intelligence and structured trade planning for Indian markets.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 12 investments in Norway Hardware startups

Investinor invests in Norwegian based, high potential companies that are internationally oriented and in the phases ranging from early growth to expansion. The company has BNOK 4.2 ($500 m) under management and focus on companies within the internet, software, semiconductors, energy, cleantech, marine and life sciences sectors.

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Investment focus

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

Investor stats

  • Total investments: 122
  • Round size: Seed $400k–$3.3M; Series A $2M–$25M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2011

Portfolio highlights

  • Sonair — 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.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 11 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Sonair — 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.
  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 7 investments in Norway Hardware startups

We commercialize technology created by SINTEF's research environments

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Investment focus

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

Investor stats

  • Total investments: 33
  • Round size: Seed $160k–$5.1M; Pre-Seed $373k–$762k
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2018

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.
  • 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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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $336k–$3.3M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Stendr
  • CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
  • Outshifter — Outshifter is the API for product data access. Give or get access to product data, and manage it all in one universal format.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 5 investments in Norway Hardware startups, 7 in the past 12 months

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

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Investment focus

  • Industry: Renewable Energy, Robotics, Software
  • Stage:Series A, Venture - Series Unknown
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 32
  • Round size: Series A $5M–$40M; Venture - Series Unknown $12M–$74M
  • Lead/follow: 25% lead, 75% 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.
  • Maritime Robotics — Maritime Robotics is a leading global high-tech company creating sustainable autonomy at sea. Our technology makes ocean space accessible and safe worldwide.
  • Dimensions Agri Technology — DAT is a Norwegian AgTech company offering a solution for real time patch spraying, using AI to recognize weeds in cereal fields.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • FirstQFM — FirstQFM offers patent-pending AI foundation models for quantum computing.
  • Insurely — Insurely is the leading open insurance platform. A platform that enables experiences that improve conversion and increase customer loyalty.
  • Ivy Interactive — Ivy is the the AI-first open source .NET framework that helps developers build powerful internal tools faster without reinventing the wheel.Ivy is an open-source tool that makes it incredibly easy to create and deploy .NET applications, powered by AI. Start building smarter applications faster. AI powered .Net development. The ultimate toolkitfor building internal apps - App Generator Turn any database into full-featured backoffice applications in minutes with AI. - Database Generator - Design, build and deploy production quality databases models with AI. - Add Authentication - Ivy provides a variety of build in authentication providers to add sign in to your apps. - Dashboard Generator- Build and deploy dashboard in minutes. - One-Click Cloud Deploy - Deploy to Azure, AWS or GCP in seconds.
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DTCP
VC Fund · Hamburg, Hamburg, Germany · 5 investments in Norway Hardware startups

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, Information Technology, SaaS
  • Stage:Series C, Series B
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 117
  • Round size: Series B $7.7M–$67M; Series C $10M–$177M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $350M in 2019

Portfolio highlights

  • Cognigy — Automate customer and employee services through Conversational AI implementation across any organization with Cognigy. Book demo or try free now!
  • Epsagon — Microservices-native APM platform, gain an intuitive view of container and serverless environments, from the overall architecture to individual transactions. Start a 14-day free trial.
  • Firstup — Dynamic Signal is an employee communication and engagement platform connecting companies with their valued asset and their employees. The company is driving reach, productivity, and advocacy provides a better and faster way for employees and their audiences to receive enterprise signals. It increases productivity and empowers advocacy by informingand engaging employees with timely, relevant content across channels and devices. Dynamic Signal ensures communications are received by employees and their audiences alike. It offers influencer recruiting, collaboration support, member rewards, advisory support, and account management services.Hundreds of the world’s largest enterprises, including 85 of the Fortune 500, trust Dynamic Signal to deliver their enterprise signal in 21 countries around the globe. Founded in 2010, the company’s world class customers include IBM, Edelman, Ingram Micro, Salesforce, Autodesk, Domo, SurveyMonkey, and Humana. Dynamic Signal is based in San Francisco, California.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Hardware startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 83
  • Round size: Seed $1.3M–$5M; Pre-Seed $1M–$4M; Series A $1.8M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Fika Jobs — is building a video-first hiring platform that combines AI interview agents with short-form video profiles.
  • Newcode.ai
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
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fresh.fund
VC Fund · Jerusalem, Yerushalayim, Israel · 3 investments in Norway Hardware startups

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

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

Investor stats

  • Total investments: 43
  • Round size: Seed $2.2M–$12M; Pre-Seed $300k–$6M; Series A $11M–$21M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Kimba — Heal your mind, improve your sleep, and boost your health with Kimba's AI scent technology. Join Kimba and start sleeping better today!
  • Wisio — Wisio lets social media creators and experts answer questions and requests from followers via paid interactions. The company’s platform empowers followers to gain exclusive access via personalized videos to their favorite creators. Wisio's flexible and easy-to-use platform is packed with features to help creators build deeper communitieswhile monetizing the creator - follower relationship. Thousands of them are already using it to help build their online reputation and business.Wisio's vision is to make everyone reachable.
  • Shifters AI — Shifters AI is a software company that develops artificial intelligence and robotic solutions.
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Access 48,091 investors

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

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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Hardware 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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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$5.9M; Pre-Seed $439k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Nucu — The Nucu Pad is a multisensory baby pad that soothes your baby to sleep with womb-like feelscapes.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Acequia Capital (AceCap)
VC Fund · Seattle, Washington, United States · 3 investments in Norway Hardware startups, 7 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

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

Investor stats

  • Total investments: 235
  • Round size: Seed $1.3M–$8M; Pre-Seed $575k–$3.4M; Series A $5M–$25M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — raised $4M in 2019

Portfolio highlights

  • Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.
  • Devplan — Devplan is an AI-powered workspace for product development teams, transforming ideas into execution-ready plans by integrating with tools like GitHub, Linear, Jira, and company docs.
  • Applied Atomics, Inc. — Co-located nuclear power plants to unlock the next 1,000 years of advanced industry.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Hardware startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Grant, Seed
  • Geography: Norway, Romania, Sweden

Investor stats

  • Total investments: 81
  • Round size: Seed $118k–$3.6M; Grant $47k–$1.7M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Munibee — Munibee is a financial management platform designed to help users track and manage personal and shared finances. It integrates with multiple banks using open banking to provide a unified view of transactions and accounts. The platform offers tools for budgeting, collaboration, and expense tracking across households or projects.
  • 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.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Idekapital
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Hardware 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, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 34
  • Round size: Seed $168k–$4.4M; Series A $2.7M–$16M
  • Lead/follow: 41% lead, 59% 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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Draper B1
VC Fund · Valencia, Comunidad Valenciana, Spain · 3 investments in Norway Hardware startups, 8 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

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

Investor stats

  • Total investments: 118
  • Round size: Seed $200k–$2.8M; Pre-Seed $224k–$1.5M; Series A $1.2M–$10M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $106M in 2022

Portfolio highlights

  • ARCA — Plataforma digital para planes de pensiones de empleo. Soluciones para gestoras, empresas y partners.
  • Hirevoice — Hirevoice provides an AI-driven voice interview platform for automated candidate screening and skills-based assessment. The platform conducts conversational voice interviews that adapt question complexity in real time to evaluate technical, strategic, and role-specific skills. It analyzes responses for reasoning, expertise, and execution, producingstructured scores, summaries, and reports for recruiting teams. Hirevoice integrates via API with applicant tracking systems, CRMs, and HRIS tools and offers a unified dashboard for candidate data, scoring, and insights. It supports multilingual interviewing in many languages and includes mechanisms to reduce cheating and support compliant data governance. The service is designed for companies that run high-volume or skills-focused recruitment processes and want to automate early-stage interviews while retaining human oversight of hiring decisions.
  • Spacebackend — Spacebackend is redefining how aerospace teams handle mission-critical integration. Our platform, Lynapse, is an AI-powered system integration environment designed for engineers-in-the-loop. We empower software integration and AIT/AIV teams to bridge the gap from hardware interface to flight-ready software - starting in the design phase andcontinuing through end-to-end integration.By decoupling software readiness from physical hardware and leveraging AI to automate the implementation of complex interfaces, we reduce integration effort from years to days. Lynapse uses AI to convert complex ICD documentation into digital models, automatically producing, testing, and validating platform-agnostic source code.Our workflow ensures every line of code is deterministic, engineer-approved, and fully traceable from documentation to deployment. Whether you are generating platform-agnostic code from scratch or validating existing flight software against a digital ICD model, Lynapse exposes failures and readiness gaps early - when it matters most. Build integration readiness today.
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Northzone
VC Fund · London, England, United Kingdom · 3 investments in Norway Hardware 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, FinTech, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 325
  • Round size: Seed $2.4M–$17M; Series A $4M–$40M; Series B $6.7M–$90M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Sqore — Smart Recruitment - Automate the process between your job ad and the first interview.Increase screening efficiencyEfficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates.Deepen candidate engagementEngage today’s generation of candidates through rewarding experiencesand allow them to get insights into your company before the interview.Lower your hiring costsWe don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.
  • Labster — Labster empowers educators to reimagine their science courses with immersive online simulations. Request a demo to discover how Labster engages students, trains lab skills, and accelerates learning.
  • HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
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Bring Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Norway Hardware startups

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

  • Industry: E-Commerce, B2B, Logistics
  • Stage:Seed, Series A
  • Geography: Sweden, Norway, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $193k–$6.6M
  • Lead/follow: 8% lead, 92% follow

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.
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Kistefos Venture Capital
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Hardware 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, FinTech, SaaS
  • Stage:Seed, Series A
  • Geography: Singapore, Norway, Sweden

Investor stats

  • Total investments: 22
  • Round size: Seed $700k–$4M; Series A $4.1M–$16M
  • Lead/follow: 50% lead, 50% 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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Ferd
VC Fund · Lysaker, Akershus, Norway · 3 investments in Norway Hardware startups

Ferd er et familieeid investeringsselskap som er eid av femte og sjette generasjon Andresen.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 59
  • Round size: Series A $2.2M–$13M; Private Equity $11M–$14M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • wheel.me — The first and only autonomous wheel in the world. The innovation transforms anything into an autonomous mobile robot with minimal effort and without the need to alter its design or form. The company was founded in 2013 and is headquartered in Oslo, Norway.
  • Nofence — Manage your livestock from anywhere with GPS collars and a simple app. Unlock more acres, cut fencing costs, and run your operation on your terms.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
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Sandwater
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Hardware startups, 6 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

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

Investor stats

  • Total investments: 20
  • Round size: Series A $8.5M–$24M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Mantle8 — Using bottom-up exploration and decades of geology experience, we are on a mission to deliver natural hydrogen to the world.
  • 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.
  • 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.
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TSVC
VC Fund · Los Altos, California, United States · 2 investments in Norway Hardware startups

Founded in 2010, TSVC (formerly TEEC Angel Fund) is proud to be a leading early-stage venture capital fund in Silicon Valley.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 263
  • Round size: Seed $500k–$7M; Series A $2.7M–$55M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Preveta — An intelligent care navigation platform designed for specialty care
  • BloomTech — BloomTech provides online technical coding courses including data science, full-stack web and backend development, and free coding courses.
  • Path — We help you acquire the perfect domain for your site. Affordable payment options. Quick and responsive customer support available.
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BAGi
VC Fund · Girona, Catalonia, Spain · 2 investments in Norway Hardware startups

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

  • Industry: Internet, Health Care, Software
  • Stage:Seed, Angel
  • Geography: Spain, Norway, Switzerland

Investor stats

  • Total investments: 8
  • Round size: Seed $219k–$690k
  • Lead/follow: 38% lead, 62% follow

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 a non-intrusive medical device in the shape of a lollipop with the goal to detect diseases with a single saliva sample.
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Dragonfly
VC Fund · San Francisco, California, United States · 2 investments in Norway Hardware startups

A cross-border cryptoasset investment firm. Global from day one.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 192
  • Round size: Seed $2.2M–$16M; Series A $6.3M–$40M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $650M in 2022

Portfolio highlights

  • Megapot
  • Rhythmic
  • Teleport — Meet your most compatible connections. Attend members only curated experiences. Receive proposed matches from your AI Matchmaker.
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Nordic Green Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Hardware startups

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

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Investment focus

  • Industry: Electronics, Public Safety, Information Technology
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $131k–$140k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Intoto — River and coastal risk management to protect assets, people and the environment.
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Hartmann Capital
VC Fund · Boca Raton, Florida, United States · 2 investments in Norway Hardware startups, 7 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

  • Industry: Software, Virtual Reality, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, Ukraine

Investor stats

  • Total investments: 40
  • Round size: Seed $850k–$8M; Pre-Seed $150k–$3.3M; Series A $500k–$5M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 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.
  • Paradromics — Paradromics is bringing to market the first high data rate interface between brains and computers to create a new industry where medical challenges are met with technical solutions
  • Foundational Bio — Foundational Bio is a biotech company engaged in the development of self-driving labs to enable large-scale discovery in the life sciences.
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Norselab
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Hardware startups

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

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

Investor stats

  • Total investments: 16
  • Round size: Seed $500k–$6.6M; Series A $2M–$14M
  • Lead/follow: 31% lead, 69% 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.
  • Waste IQ — Our software collects waste data on a tenant-level, giving companies and households a motivation to reduce their own waste
  • Beefutures — Rooted in the beekeeping legacy and driven by expert engineering, Beefutures delivers accessible nature-based solutions to power a more sustainable world.
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Multicoin Capital
VC Fund · Austin, Texas, United States · 2 investments in Norway Hardware startups

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

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 184
  • Round size: Seed $1.5M–$16M; Series A $8M–$73M
  • Lead/follow: 49% lead, 51% follow

Portfolio highlights

  • Enso Finance — Social trading redefined. Create Alpha strategies, share and compete with your friends, community or DAO. Discover and create open defi strategies page.
  • Inference — Inference is a distributed GPU cluster for LLM inference based on Solana, providing a fast, scalable, and token-based API for models such as DeepSeek V3 and Llama 3.3.
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
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Blystad Group
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Hardware startups

Blystad Group creates value through active ownership in its diversified portfolio of investments in the field of real estate and securities. It combines its knowledge of the capital markets with its industrial expertise. It target long-term investments that offer attractive cash yields and risk-adjusted returns with long-term prospects foroutperformance. The Group also co-invests in start-up enterprises together with expert management teams.

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Investment focus

  • Industry: AgTech, Robotics, Agriculture
  • Stage:Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Round size: Venture - Series Unknown $11M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 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.
  • Nanopower Semiconductor — Nanopower Semiconductor is a fabless semiconductor company that focuses on developing low-power microelectronics. It specializes in nanowatt-range technology, which is designed to enable large-scale and environmentally sustainable deployment. The company's innovative solutions aim to reduce power consumption in wireless chips and peripherals,making them suitable for a variety of applications. Nanopower Semiconductor's products are particularly relevant for industries seeking to enhance energy efficiency and sustainability in their electronic devices.
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Skagerak Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Hardware 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: 7
  • Round size: Series A $4.8M–$24M; Venture - Series Unknown $7.6M–$11M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Zaver — Zaver develops innovative payment solutions to accelerate the revolution in mobile payments. All for companies and individuals to be able to shop in a more accessible and smarter way - offline and online.
  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
  • Nanopower Semiconductor — Nanopower Semiconductor is a fabless semiconductor company that focuses on developing low-power microelectronics. It specializes in nanowatt-range technology, which is designed to enable large-scale and environmentally sustainable deployment. The company's innovative solutions aim to reduce power consumption in wireless chips and peripherals,making them suitable for a variety of applications. Nanopower Semiconductor's products are particularly relevant for industries seeking to enhance energy efficiency and sustainability in their electronic devices.
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Vsquared Ventures
VC Fund · Munich, Bayern, Germany · 2 investments in Norway Hardware startups

Vsquared Ventures invests in early-stage deep-tech companies that are tackling society's most pressing challenges, with a focus on quantum and novel computing, green energy, robotics, AI/ML, new space, synthetic biology, and healthcare. It is committed to a partnership and will go to any length to help accelerate and scale vision,unlocking all seemingly impossible possibilities.

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Investment focus

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

Investor stats

  • Total investments: 72
  • Round size: Seed $4.2M–$13M; Series A $15M–$66M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • AlphaLum — Holographic-optic combiners and ultra-low-power interferometric laser sensors enabling all-day wearable AR and intelligent systems at scale.
  • constellr — Smart Farming and Climate Monitoring from Space. At constellr, we are using cutting-edge beyond-visual imaging technology to revolutionise the way we assess crucial aspects of our planet's health.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Runa Capital
VC Fund · Palo Alto, California, United States · 2 investments in Norway Hardware startups

Runa Capital is a global venture capital firm built by serial entrepreneurs that invests in early-stage software startups around the world...

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Investment focus

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

Investor stats

  • Total investments: 150
  • Round size: Seed $1M–$10M; Series A $1.5M–$15M; Series B $2.5M–$20M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $69M in 2020

Portfolio highlights

  • Spectrm — charles is the Conversational Marketing AI and CRM platform for brands to attract, convert, and retain customers via AI agents and marketing automations.
  • Qu & Co — Enabled by Nobel Prize-winning technology and a full-stack approach, Pasqal delivers cutting-edge quantum solutions worldwide
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Future Ventures
VC Fund · San Francisco, California, United States · 2 investments in Norway Hardware startups

Future Ventures is a financial services platform with a focus on disruptive technology companies such as commercial space exploration, deep learning, quantum computing, robotics, AI, blockchain, sustainable transportation, synthetic biology and clean meat.As venture capitalists, the founders of Future Ventures have led founding investments inseveral companies that had successful IPOs and others that were acquired for over $16 billion in aggregate. Some of our early VC investments include Memphis Meats, Mythic, Nervana, Planet, Rethink Robotics, Skype, SpaceX, Tesla and Zoox. Current board seats include SpaceX, Tesla, and D-Wave.

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Investment focus

  • Industry: Biotechnology, Software, Medical
  • Stage:Series A, Seed, Series B
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 76
  • Round size: Seed $2.7M–$26M; Series A $8.3M–$55M; Series B $30M–$863M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2019

Portfolio highlights

  • Gameto — Gameto is a new breed of biotechnology company in female reproductive longevity
  • Earthshot Labs — We are an open-source community, public benefit technology company, and regenerative asset manager using data science for planetary-scale climate mitigation.
  • ALICE Technologies — ALICE is a construction project schedule optimization software that enables contractors and owners to optimize, de-risk and recover construction projects with AI.
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TeleVenture Management
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Hardware 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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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
  • Thor Dynamics — Headquartered in Orlando, Florida, with a European base in Finland, Thor Dynamics specializes in directed energy systems for defense against drones and drone swarms. The company’s innovative solutions are available worldwide to protect critical infrastructure and enhance national security. Laser Armor™ is a complete directed energy counter-dronesolution. Utilizing advanced radar and optical systems it can detect, track, and target hostile targets. High-power directed energy from Thor’s Laser Engines then eliminates the threat in seconds. Multiple safety systems ensure accurate target identification and minimal collateral damage.
  • Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$2.4M
  • Lead/follow: 44% lead, 56% follow

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.
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Holta Invest
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Hardware startups

<p>Holta Invest AS is a privately held investment company headquartered in Oslo, Norway.</p>

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Investment focus

  • Industry: AgTech, Energy, Farming
  • Stage:Seed, Private Equity, Venture - Series Unknown
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • N2 Applied — N2 Applied is a Norwegian technology company in a pre-commercial phase. N2 Applied helps farmers to produce their own fertilizer using slurry, air, and electricity. N2 has an international team with various expertise from agriculture, technical engineering, business development, and sustainability.The company has its head office inOslo/Asker and a test center outside of Kongsberg in Svene (Norway), and branches in Wageningen (Netherlands) and York (UK).N2 Applied has developed a technology that enables local production of fertilizer from liquid organic substrates such as slurry or digestate with air and electricity. The technology adds nitrogen from the air into the liquid substrate and increases the nitrogen content. The reaction stops the loss of ammonia and reduces emissions, making it an efficient and sustainable fertilizer, and creating a more circular farm system. N2’s scalable process enables fertilizer production to be re-distributed to the end-user, the farmer – cutting long and expensive value chains, and reducing the need for chemical fertilizer production based on fossil gas or coal. The solution also provides on-farm emission reductions of methane and ammonia, as well as odor.
  • 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 global high-tech company creating sustainable autonomy at sea. Our technology makes ocean space accessible and safe worldwide.
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Autodesk
VC Fund · San Rafael, California, United States · 2 investments in Norway Hardware startups

Autodesk is a leader in 3D design, engineering and entertainment software. We help people imagine, design, and create a better world.

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Investment focus

  • Industry: Software, SaaS, Manufacturing
  • Stage:Series B, Series A, Seed
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 66
  • Round size: Seed $1.6M–$7M; Series A $3.3M–$15M; Series B $7M–$55M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2014

Portfolio highlights

  • Klutch.ai — Build faster, boost profit margins and scale like a crew twice the size without manual data entry or clunky software. Onboard in minutes, unlock ROI on day 1.
  • World Labs — World Labs is an AI startup that can analyze visual data with comprehension akin to a person's, a substantial advancement above existing capacities.
  • Qualis Flow — Manage materials efficiently while ensuring quality, compliance, and carbon tracking across every stage of a construction project.
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Skagerak Maturo
VC Fund · 2 investments in Norway Hardware 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, SaaS, Information Technology
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 12
  • Round size: Seed $961k–$1.4M; Series A $2.7M–$7.5M
  • Lead/follow: 25% lead, 75% follow

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
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Rabobank Food & Agri Innovation Fund
VC Fund · Utrecht, Utrecht, The Netherlands · 2 investments in Norway Hardware startups

Rabobank emerged from several small agricultural cooperative banks, founded by Dutch farmers in the late nineteenth century. Food & Agriculture (F&A) is in our DNA, from which we built a unique position in the F&A sector as a key financier and international player, attributes which we leverage for the benefit of our stakeholders andportfolio companies. We recognise and understand the food security challenges lying ahead of us and how Innovation in F&A supply chains is key to the solution, which is why we are dedicated to committing capital to the space.

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Investment focus

  • Industry: Agriculture, AgTech, Farming
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, The Netherlands

Investor stats

  • Total investments: 25
  • Round size: Series A $3.8M–$18M; Series B $5M–$28M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • MiAlgae — MiAlgae is a new-age microalgal production company that aims to revolutionize the £340 billion global livestock feed industry by producing microalgal products – through the remediation of wastewater – as nutrient supplements for fishmeal in livestock feeds. Their microalgal products are high in omegas and proteins, both of which are required forthe production of many livestock feeds, especially in the aquaculture sector.Their production methodology uses circular economy to reduce the operating costs involved in the production of microalgae and as such allows them to compete with other supplements currently on the market.
  • EarthOptics — EarthOptics is building the cloud-based machine learning platform for soil and ground management.
  • 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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Nordic Makers
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Norway Hardware startups, 6 in the past 12 months

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, Education
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Norway

Investor stats

  • Total investments: 44
  • Round size: Seed $270k–$4.6M; Pre-Seed $500k–$2.6M; Series A $2.3M–$14M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • KIME — KIME enables you to track visibility across various AI platforms, analyze competitor presence, and apply clear steps to improve positioning in high-value searches that increase brand recognition and business impact.
  • Atech — Atech is a Copenhagen-based hardware startup that simplifies electronics development by enabling users to design and assemble functional prototypes using natural language prompts and modular, snap-together components. The company's platform eliminates complex soldering and firmware configuration, allowing developers to go from a chat-basedconcept to a physical, working device in minutes.
  • Pluto.markets — Pluto is the modern investment app for the 100m Europeans living in countries without the EUR.
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Momentum
VC Fund · Bergen, Hordaland, Norway · 2 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 15
  • Round size: Seed $1.6M–$4.2M; Series A $8M–$18M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Enerin — Enerin reduces energy consumption and costs through our know-how within energy technology and operation of heating and cooling systems, including industrial heat pumps through our products Thermonitor, HoegTemp, WaveClean, Feedwater systems and Niprox water treatment.
  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • Photoncycle — The year-round solar energy system for heating and electricity
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The Crowd Angel
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Norway Hardware startups

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

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Equity Crowdfunding
  • Geography: Spain, Norway

Investor stats

  • Total investments: 40
  • Round size: Seed $241k–$2.1M; Equity Crowdfunding $329k–$478k
  • Lead/follow: 28% lead, 72% follow

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.
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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • AlumatIQ — AlumatIQ specializes in industrial robotics, automation, and digitalization in the aluminum industry. Their first product is robotic automation of the anode change process, with high accuracy, consistency, and speed. Improves health and safety conditions for operators in pot rooms and reduces emissions of HF and greenhouse gases.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
  • Receipts — Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.
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Eviny Ventures
VC Fund · Bergen, Hordaland, Norway · 2 investments in Norway Hardware startups

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

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Investment focus

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

Investor stats

  • Total investments: 11
  • Round size: Seed $2.2M–$5.8M; Venture - Series Unknown $7.5M–$17M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Engrate — Engrate is the AI-native energy connectivity platform that integrates trading markets, grid systems, and energy data. We eliminate 90% of integration development time, letting you focus on building core value instead of connectivity.
  • Skyfora — Skyfora delivers sub-kilometer insights, nowcasts, and probabilistic forecasts so your teams can plan with confidence, no matter the weather.
  • Photoncycle — The year-round solar energy system for heating and electricity
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 2 investments in Norway Hardware startups

RunwayFBU connects founders, industry, and capital to turn hard industrial problems into scalable companies.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Norway, Italy, Sweden

Investor stats

  • Total investments: 28
  • Round size: Seed $970k–$6.2M; Pre-Seed $538k–$2M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Sonair — 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.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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SPRINGfondet
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Hardware startups

Springfondet is a seed capital fund located at Oslo Innovation Center in Oslo, Norway. The fund invests in technology startups across a broad range of industries.

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Investment focus

  • Industry: Software, Database, Hardware
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Promon — Promon is an app security firm specializing in In-App Protection / Application Shielding. Our solutions focus largely on runtime protection (malware protection), code integrity protection (obfuscation), and securing sensitive app data and assets. The company works across a range of industries with a variety of global Tier 1 clients, countingcustomers in industries such as finance, health, and the public sector. Promon’s technology is research-based and originates from the internationally recognized research environments at SINTEF and the University of Oslo. Promon’s patented deep protection technology Promon SHIELD™ has protected apps and applications used by more than 100 Mill users since 2009. Promon AS is a Norwegian limited company registered in 2006, with offices in Asia, the US, Germany, the UK, and India. The head office is in Oslo, Norway.
  • Swarm64 — Accelerate PostgreSQL Performance
  • Kappa Bioscience — Kappa Bioscience is the pioneer in development and production of the only synthetic and biologically active all-trans menaquinone-7 (vitamin K2 MK-7), marketed under the K2VITAL® brand name. Kappa’s innovation of MK-7 synthesis marks the commercial milestone where this fat-soluble vitamin can begin to attain widespread consumer adoption. Effectivesynthesis production drives scalability, price reduction and a secure supply chain - with unmatched ingredient purity and documentation. Combined with other Kappa innovations such as the patented DELTA® microencapsulation process, which provides K2 stability in mineral formulations, K2VITAL® offers brands and manufacturers a path to broader market segments. Kappa Ingredients GmbH, a wholly owned division of Kappa Bioscience, manages global sales of the K2VITAL® and other product lines directly and through a network of global distributors.Kappa Ingredients GmbH, a wholly owned division of Kappa Bioscience, manages global sales of the K2VITAL® and other product lines - Ingredients and services related to Bones, Joints and Cardiovascular Health - directly and through a network of global distributors. Main products are Vitamin K2 - K2VITAL®, Calcified Atlantic Seaweed®, The Bone Health Triangle®.
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OpenAI Startup Fund
VC Fund · 1 investments in Norway Hardware startups

The OpenAI Startup Fund is investing $100 million to help AI companies have a profound, positive impact on the world.

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Investment focus

  • Industry: Artificial Intelligence, Legal, Children
  • Stage:Seed, Series A, Series B
  • Geography: United States, Norway

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • Heeyo — Talking AIs that helps kids learn and play!
  • Unify — Drive pipeline with 10+ intent data sources, AI, and automation. Scale prospecting, personalization, engagement in one unified workflow.
  • Thrive AI Health — Thrive AI Health builds an AI health coach. Thrive AI Health use generative AI to hyper-personalize and scale behavior change.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 1 investments in Norway Hardware 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, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 255
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $9M–$53M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Athenian — Introducing the world to software engineering metrics that help teams, and improve processes. Athenian is built for GitHub and Jira users.
  • Lottielab — Easiest animation editor for design and tech teams.
  • Wikifarmer — A free online knowledge library where professional or amateur farmers can find best practices on growing their fields more effectively and an online marketplace where farmers can sell their products to buyers directly. Our vision is to create a fair, transparent and profitable environment for all the farming world. Farmers are dedicating theirlives in cultivating their fields, but get the lowest value of all the sales cycle, so we believe they need to receive a more fair share. Buyers have the right to have more options and buy at better prices, so we want to be the ones to solve this inequality in both sides.
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CoinGecko
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway Hardware startups

CoinGecko is a digital currency price and information data platform. It helps its users quantitatively evaluate and rank their coins. CoinGecko is a Singapore-based company that was founded in 2014 by TM Lee and Bobby Ong.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Vietnam

Investor stats

  • Total investments: 27
  • Round size: Seed $1.2M–$11M; Series A $6M–$65M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lava Network — Lava Network aims to be a marketplace for blockchain data.
  • PathPulse.AI — PathPulse.ai sits at the crossroads of big data, AI, and mobility. It is like the brains of a smarter world city, constantly processing streams of information to create urban environments that are not only more efficient but also cost-effective, safer, and easier to navigate.
  • Charged Particles
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Hardware VC funding in Norway at a glance

Stats across 277 deals from 273 investors.

273
investors
in Norway Hardware startups
277
deals
in Norway Hardware startups
$3.3M
median round
in Norway Hardware startups
42%
lead investors
lead at least one round
23%
Seed
most common funding stage

Access all 273 VC funds in Norway Hardware startups.

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