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

The most active venture capital funds investing in Norway Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Internet 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
6 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Investinor
VC Fund
6 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
Ferd
VC Fund
4 Norway, Sweden, United States Private Equity, Post-IPO Equity Software, Energy, Information Technology $1M–$40M
Everywhere Ventures
VC Fund
3 United States, United Kingdom, Australia Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $250k–$20M
Northzone
VC Fund
3 United States, Sweden, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, FinTech $2.5M–$100M
Draper B1
VC Fund
3 Spain, United States, Italy Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $200k–$10M
Innovation Norway
VC Fund
3 Norway, Romania, Sweden Grant, Seed, Debt Financing Software, Information Technology, Artificial Intelligence $47k–$134M
Founders Fund AS
VC Fund
2 Norway, United States Seed, Angel, Pre-Seed Software, Information Technology, B2B $160k–$729k
Schibsted Growth
VC Fund
2 Sweden, Norway, France Venture - Series Unknown, Seed Internet, Financial Services, E-Commerce $123k–$7.7M
TSVC
VC Fund
2 United States, China, Canada Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $500k–$44M
The Crowd Angel
VC Fund
2 Spain, Norway Seed, Equity Crowdfunding, Venture - Series Unknown Software, Internet, E-Commerce $247k–$2.4M
Lysefjorden Consulting AS
VC Fund
2 Norway Seed, Pre-Seed Internet, Insurance, Information Technology
Delta Blockchain Fund
VC Fund
2 United States, Singapore, Canada Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1M–$11M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$62M
Idekapital
VC Fund
2 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $210k–$90M
Awilhelmsen Capital
VC Fund
2 Norway Seed, Debt Financing FinTech, Finance, Software
2M2D
VC Fund
2 Norway Seed, Angel Apps, Credit, Rental
Norwegian Film Institute
VC Fund
2 Norway Seed, Grant Gaming, PC Games, Video Games $24k–$129k
SNÖ Ventures
VC Fund
2 Norway, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Machine Learning $978k–$5.5M
Sandwater
VC Fund
2 Norway, Germany, Finland Series A, Venture - Series Unknown, Series B Manufacturing, Medical, AgTech $4.7M–$35M
Nordic Makers
VC Fund
2 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, SaaS $206k–$16M
Norselab
VC Fund
2 Norway, Switzerland, United States Seed, Venture - Series Unknown, Series A Software, SaaS, Agriculture $500k–$30M
Pelican Ag
VC Fund
2 United States, Norway, United Kingdom Seed, Series A AgTech, Finance, Agriculture $4M–$13M
BAGi
VC Fund
2 Spain, Norway, Switzerland Seed, Angel Health Care, Internet, Software $234k–$700k
Skagerak Maturo
VC Fund
2 Norway Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.1M–$7.5M
La Famiglia
VC Fund
1 Germany, United States, France Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $2.2M–$95M
Firestreak Ventures
VC Fund
1 United States, Israel, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$80M
DARMA Capital
VC Fund
1 Norway, Singapore, Switzerland Seed, Series A, Venture - Series Unknown Web3, Internet, Software $8M–$14M
TeleVenture Management
VC Fund
1 Norway, United States Seed, Series A Software, Manufacturing, Biotechnology
Nordic Impact
VC Fund
1 Norway Seed Chemical, Life Science, Visual Search
Tiger Holding
VC Fund
1 Norway Internet, Wireless, Messaging
Sondo Capital
VC Fund
1 Norway, United States Seed, Pre-Seed, Series A Software, Real Time, Artificial Intelligence
Nysnø
VC Fund
1 Norway, United Kingdom Series A, Series B Renewable Energy, Robotics, Software $5M–$44M
Three M Capital
VC Fund
1 Singapore, Norway, Philippines Seed, Series A Blockchain, Cryptocurrency, Gaming
Firstminute Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $650k–$30M
Tola Capital
VC Fund
1 United States, Germany, Canada Seed, Series A, Series B Software, SaaS, Analytics
Dreamcraft Ventures
VC Fund
1 Denmark, Germany, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, Health Care
Bakken & Baeck
VC Fund
1 Norway Seed, Angel Chemical, Software, Life Science
Alliance VC
VC Fund
1 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics
Verdane
VC Fund
1 Sweden, Norway, Germany Venture - Series Unknown, Private Equity Software, E-Commerce, Information Technology $2.2M–$100M
Blossom Capital
VC Fund
1 United States, United Kingdom, France Series A, Seed, Series B Software, SaaS, Artificial Intelligence $1.5M–$150M
Davidovs Venture Collective
VC Fund
1 United States, United Kingdom, Canada Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $125k–$29M
Lightspeed Venture Partners
VC Fund
1 United States, India, Israel Series A, Series B, Seed Software, Information Technology, Artificial Intelligence
Ocean Impact
VC Fund
1 Norway Pre-Seed Internet, Aquaculture, Marine Technology
Pale blue dot
VC Fund
1 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Internet, Artificial Intelligence
AU21 Capital
VC Fund
1 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming
node.vc
VC Fund
1 Sweden Pre-Seed PC Games, Online Games
Fathom Capital
VC Fund
1 United States, Norway, United Kingdom Seed, Series A, Series B Software, SaaS, Information Technology $2M–$70M
Lugard Road Capital
VC Fund
1 Norway, United States, United Kingdom Series B, Series C, Series D SaaS, E-Commerce, Software $29M–$153M
Innosight Ventures
VC Fund
1 Singapore, United States, India Series A, Seed Finance, Software, E-Commerce $351k–$11M
Access all 83 VC funds in Norway Internet 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 · 6 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 2387
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • Plouton AI —
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 6 investments in Norway Internet startups

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

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Venture - Series Unknown, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 133
  • Round size: Series A $2.3M–$25M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $274M in 2011

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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Ferd
VC Fund · Lysaker, Akershus, Norway · 4 investments in Norway Internet startups

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

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Private Equity, Post-IPO Equity
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 60
  • Round size: Private Equity $13M–$14M; Post-IPO Equity $1M–$40M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • wheel.me — The first and only autonomous wheel in the world. The innovation transforms anything into an autonomous mobile robot with minimal effort and without the need to alter its design or form. The company was founded in 2013 and is headquartered in Oslo, Norway.
  • Nofence — Manage your livestock from anywhere with GPS collars and a simple app. Unlock more acres, cut fencing costs, and run your operation on your terms.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
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Everywhere Ventures
VC Fund · New York, New York, United States · 3 investments in Norway Internet startups

Everywhere Ventures is a global pre-seed venture capital fund for founders, by founders. Click to read Everywhere VC, by Everywhere Ventures, a Substack publication with tens of thousands of subscribers.

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Investment focus

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

Investor stats

  • Total investments: 1305
  • Round size: Seed $1M–$6.5M; Pre-Seed $250k–$2.5M; Series A $6M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $4.4M in 2026

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Noise — Noise makes finding UGC creators easy. Work smarter with personalized AI guidance to make your next UGC creator campaign go viral.
  • Netsec — Professional cybersecurity and managed IT services to protect your business 24/7.
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Northzone
VC Fund · London, England, United Kingdom · 3 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Duvo — Duvo brings your people, AI agents and existing systems together to map, run and improve your processes, with decisions, exceptions and results in one place.
  • Rayon — Built for Speed. Designed for Teams.
  • SolveAI —
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Draper B1
VC Fund · Valencia, Comunidad Valenciana, Spain · 3 investments in Norway Internet startups, 7 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, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, United States, Italy

Investor stats

  • Total investments: 122
  • 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 actively investing — fresh fund, raised $23M in 2025

Portfolio highlights

  • Hirevoice — Hirevoice is a voice AI recruiter that runs structured voice AI interviews with every candidate and gives your team defensible hiring signal. Book a demo.
  • dimenso.ai — Dimenso AI develops software that uses voice and computer vision to capture laboratory activities in real time. Its technology integrates this information with laboratory information management systems (LIMS). It is designed to replace or supplement traditional laboratory notebooks with digital records of experimental activities.
  • Spacebackend — Lynapse by Spacebackend unifies interface modeling, version control, testing, and validation. Convert ICDs into traceable, deterministic implementations with human-in-the-loop review.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Internet startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Ofiniti — Ofiniti is a platform designed for businesses to streamline operations through digital maritime fuel distribution. Ofiniti's platform offers solutions that bridge the digital gap between fuel suppliers and consumers, improving the efficiency of marine fuel bunkering operations. Ofiniti works to enhance operational performance within themaritime sector by integrating technology into traditional industries.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Founders Fund AS
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Defigo — Defigo is a modern, convenient and user-friendly access control system, made with residential and commercial properties in mind. The Defigo system has been designed to manage property access, increase security and create an easier everyday life for tenants and property managers.
  • Vipicash — Vipicash is a financial services startup that locks cash into goods and services to eradicate corruption and mismanagement of funds sent to Africa, Asia and Latin America.
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Schibsted Growth
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

Schibsted Growth is a part of Schibsted Media Group, that invests in and manages a portfolio of fast growing digital companies. With offices in Oslo, Paris and Stockholm the Schibsted Growth team invests in ambitious digital companies with a plan to change the world. The team can help smart founders and winning teams to establish products or services, scale their business, maximize growth and ultimately to become market leaders. By working alongside entrepreneurs, providing cash funding and leveraging the gathered experience and resources within Schibsted Media Group. (Schibsted Media Group operates on 5 continents, in more than 40 markets and provides services that reach hundreds of millions of people around the world every day, empowering people in their daily life.)

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Investment focus

  • Industry: Internet, Financial Services, E-Commerce
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, France

Investor stats

  • Total investments: 51
  • Round size: Seed $123k–$7.1M; Venture - Series Unknown $814k–$7.7M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Bookis — Bookis is the Next-Generation Online Bookstore with Direct Author Compensation, making the sharing of stories and knowledge playfully easy - from all bookshelves, for everyone. We leverage community, technology and innovative distribution to enable radically easier peer-to-peer bookselling, with fair author compensation models. Building theworld's largest network of authors fighting for a more fair book industry worldwide.
  • Dintero — Dintero is a fintech startup delivering payment, checkout, CRM, and loyalty solutions. The startup's checkout solution offers popular payment methods like Vipps, Swish, invoice, financing, and card payments. It has built its solution for split payment, so that the payments can be split regardless of the payment method. Dintero's aim isfor an online store to be able to choose exactly the payment methods the store itself wants.
  • Campanyon — Campanyon is a provider of an outdoor accommodation booking platform intended for people to find and book their next outdoor adventure by connecting campers with hosts.
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TSVC
VC Fund · Los Altos, California, United States · 2 investments in Norway Internet startups, 10 in the past 12 months

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, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 366
  • Round size: Seed $500k–$6.3M; Series A $2M–$44M; Venture - Series Unknown $1M–$41M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely actively investing — fresh fund, raised $20M in 2026

Portfolio highlights

  • Dexmate — Vega 1 Pro is a general-purpose wheeled humanoid on Dexmate's Physical AI platform. One robot for the whole job, from research labs to factory floor.
  • EGI Battery — EGI Battery designs and manufactures advanced lithium-ion pouch cells in Ann Arbor, Michigan, with NDAA-compliant domestic production starting in 2027.
  • Expert Intelligence — Expert Intelligence develops AI systems to scale expert decision-making in regulated laboratory conditions where data is restricted, stakes are high, and validation is required.
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Access 48,091 investors

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

Browse database — It's Free!
The Crowd Angel
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Norway Internet 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: Software, Internet, E-Commerce
  • Stage:Seed, Equity Crowdfunding, Venture - Series Unknown
  • Geography: Spain, Norway

Investor stats

  • Total investments: 43
  • Round size: Seed $247k–$2.4M; Equity Crowdfunding $268k–$478k; Venture - Series Unknown $561k–$1.4M
  • Lead/follow: 26% lead, 74% 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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Lysefjorden Consulting AS
VC Fund · Fanar, Mont-Liban, Lebanon · 2 investments in Norway Internet startups

Consulting firm

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Investment focus

  • Industry: Internet, Insurance, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Lifeplanner — Lifeplanner helps you handle the different phases in life and ensures that wishes, memories and important information is available if anything should happen to you. By teaming up with insurance companies, lawyers, funeral agencies and suppliers of relevant services we are there to relieve you when needed.
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Delta Blockchain Fund
VC Fund · New York, New York, United States · 2 investments in Norway Internet startups

Delta Blockchain Fund is an early-stage venture capital fund lighting the path of blockchain innovation by supporting developers and visionaries building the world of decentralization.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 86
  • Round size: Seed $1M–$10M; Pre-Seed $1M–$4M; Venture - Series Unknown $3M–$11M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $6.8M in 2022

Portfolio highlights

  • Bloom — Bloom is the everything app to make onchain finance social. Copy trades and bets, build performance-based reputation, earn from your influence, and manage everything through a smart wallet.
  • Lite Strategy — MEI Pharma, Inc. (Nasdaq: MEIP) is a San Diego-based oncology company focused on the clinical development of novel therapies for cancer. The Company’s clinical development pipeline includes lead drug candidate Pracinostat, a potential best-in-class, oral histone deacetylase (HDAC) inhibitor. Pracinostat has been tested in more than 150 patients inmultiple Phase I and exploratory Phase II clinical trials, including advanced hematologic malignancies such as myelodysplastic syndrome, acute myeloid leukemia and myelofibrosis. The Company expects to initiate a randomized Phase II trial of Pracinostat in combination with standard-of-care in at least one hematologic malignancy toward the middle of 2013. In addition, MEI Pharma is developing two drug candidates derived from its isoflavone-based technology platform, ME-143 and ME-344. Results from a Phase I trial of intravenous ME-143 in heavily treated patients with solid refractory tumors were presented at the American Society of Clinical Oncology Annual Meeting in June 2012. A Phase I clinical trial of intravenous ME-344 in patients with solid refractory tumors is ongoing.
  • VersiFi — VersiFi is a prime services platform. It provides full-service prime brokerage solutions.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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Idekapital
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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Awilhelmsen Capital
VC Fund · 2 investments in Norway Internet startups

Investment focus

  • Industry: FinTech, Finance, Software
  • Stage:Seed, Debt Financing
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Exabel — Simple-to-use analytical platform for investment professionals who want to benefit from alternative data and modern data science insight in their investment process. With an intuitive, web-based app interface, users can focus on investments rather than data collection, technology platform build-out or repetitive tasks. Informative and visually appealing graphics of your work are easily exported to be presented for the team, investors and other stakeholders.
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2M2D
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Diwala — Issue certificates and credentials to your trainees, that can be verified online in seconds
  • Indyriot — Indyriot engages in testing a job for a non-existing company.
  • Sharefox — Our rental software makes renting and subscribing smoother and attracts more customers to your rental business. Experience the Sharefox rental software today!
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Norwegian Film Institute
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

The Norwegian Film Institute (NFI) operates under the auspices of The Royal Norwegian Ministry for Culture and is the government’s civil executive body for the film sector and its advisor in questions of film policy. Through Regulations delivered by the Ministry and its general mandate the NFI is charged with putting the government’s film policyinto practice.

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Investment focus

  • Industry: Gaming, PC Games, Video Games
  • Stage:Seed, Grant
  • Geography: Norway

Investor stats

  • Total investments: 8
  • Round size: Seed $24k–$129k
  • Lead/follow: 88% lead, 12% follow

Portfolio highlights

  • Process — Process's team consists of professionals who work well together. Each member has a unique expertise and background which allows for a variety of perspectives within the team. Ideas and approaches are discussed both critically and collaboratively, and they believe this process results in high quality games.
  • Hyper Games — Hyper Games is an independent game studio based in Oslo, Norway. We’re most known for our games "Mørkredd", and "Eggggg". We started out in 2012 and now count 10 employees.
  • WeWantToKnow (DragonBox) — Digital learning tools such as DragonBox - the first algebra game where kids can learn algebra within 2 hours without knowing he/she is learning math. The first math game ever to beat AngryBirds as the most selling app in app store.
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • MusicInfra — Organizing connections between recordings, compositions, and rightsholder claims to reduce friction and enable monetization. AI-powered recognition and matching solutions for the music industry.
  • Sindri — Sindri is a platform that helps the energy industry utilizing artificial intelligence, machine learning, and computer vision technologies.
  • Nolla Health — Scandinavian-inspired healthcare: a private AI health assistant backed by licensed U.S. physicians.
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Sandwater
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

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

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Investment focus

  • Industry: Manufacturing, Medical, AgTech
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: Norway, Germany, Finland

Investor stats

  • Total investments: 24
  • Round size: Series A $8.5M–$24M; Series B $17M–$35M; Venture - Series Unknown $4.7M–$18M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Mantle8 — Using bottom-up exploration and decades of geology experience, we are on a mission to deliver natural hydrogen to the world.
  • CurifyLabs — CurifyLabs enables 3D printed personalized medicines in pharmacies and hospitals. Always close to the patient.
  • Alva Industries — Serving industries from aerospace to marine, we deliver high-performance, sustainable motors to drive a cleaner, more efficient future.
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Nordic Makers
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Good Tape — Good Tape provides an AI-driven transcription platform that converts audio and video files into text across more than 100 languages and dialects. The service offers features such as speaker identification, subtitle file downloads, and customizable export formats, including Word and SRT. Users can manage files through a secure vault, utilize team collaboration functions, and integrate transcription workflows via API. Good Tape processes data within the European Union and implements encryption protocols to protect user content.
  • Atech — Describe the device you want to build. Atech picks the plug-in modules, shows where each one goes on an ESP32 motherboard, and writes working firmware in minutes. No soldering.
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Norselab
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Internet startups

A startup studio situated in Oslo, built on and around the mobile and web development agency Norse Digital. Over the last few years, Norselab has created a strong portfolio of technology ventures built by the company's internal, world-class technology teams.

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $500k–$6.3M; Series A $2.1M–$15M; Venture - Series Unknown $2.2M–$30M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Looping — Looping offers reuse as a service by substituting reusable transport packaging for single-use plastic products. It produces long-lasting and reusable transport wrapping for building modules, housing modules, and steel containers.
  • Beefutures — Rooted in the beekeeping legacy and driven by expert engineering, Beefutures delivers accessible nature-based solutions to power a more sustainable world.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
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Pelican Ag
VC Fund · Beverston, Gloucestershire, United Kingdom · 2 investments in Norway Internet startups

Join the Sustainable Food Revolution. Pelican Ag is the UK's first VC firm powering sustainable food systems. We back Innovators. Pioneering Regenerative Agriculture, Smart Supply Chains and the Sustainable Consumer. Connecting the world to affordable, nutritious and delicious food whilst restoring ecosystems.

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Investment focus

  • Industry: AgTech, Finance, Agriculture
  • Stage:Seed, Series A
  • Geography: United States, Norway, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Seed $4M–$8.1M; Series A $10M–$13M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • natcap — We support the world's leading companies to prioritise, measure and act on nature impacts, dependencies, risks and opportunities.
  • Edacious — Edacious is a new food system. Our company can help you differentiate the quality of your food.
  • Mad capital — Mad Capital is not your normal lender.
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BAGi
VC Fund · Girona, Catalonia, Spain · 2 investments in Norway Internet 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: Health Care, Internet, Software
  • Stage:Seed, Angel
  • Geography: Spain, Norway, Switzerland

Investor stats

  • Total investments: 8
  • Round size: Seed $234k–$700k
  • 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 transmedia projects startup developing company. The business creates transmedia projects that are meant to be integrated into the design of games for consoles, tablets, and mobile devices. The business incorporates animation and education into video games by using the storytelling genre.
  • 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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Skagerak Maturo
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Intelecy — Turn your data into valuable insight for process optimization and achieve sustainable production. By using Intelecy, you can build your own powerful no-code machine learning models in minutes without a single line of code!
  • OptoScale — OptoScale sells real-time monitoring equipment for fish farms. OptoScale engages in precision aquaculture, helping fish farmers unlock unprecedented productivity and sustainability gains.
  • Ignite — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
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La Famiglia
VC Fund · Berlin, Berlin, Germany · 1 investments in Norway Internet startups

We are an early-stage venture capital fund backing the best tech entrepreneurs across Europe and the US

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Investment focus

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

Investor stats

  • Total investments: 113
  • Round size: Seed $2.2M–$10M; Series A $7.4M–$95M; Series B $22M–$95M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $99M in 2023

Portfolio highlights

  • Parloa — Amplify your customer service experience with a team of personal AI agents. Leverage the full power of generative AI for contact center automation.
  • Langdock — Meet Langdock. Start with a GDPR-compliant daily chat companion for your employees. Then deploy more advanced AI use cases like Assistants and Workflows. All in one easily extendable platform.
  • NaroIQ — Discover how we make Money Matter through out innovative fund infrastructure, enabling fair and redistributive earnings in the ETF and fund market.
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Firestreak Ventures
VC Fund · Aspen, Colorado, United States · 1 investments in Norway Internet startups, 8 in the past 12 months

We invest in pre-seed and seed stage companies in the developer tooling, infra, OSS, cybersecurity and ML and AI infra.

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Investment focus

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

Investor stats

  • Total investments: 80
  • Round size: Seed $2.3M–$9.5M; Pre-Seed $100k–$2M; Series A $8M–$80M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Rork — Rork is an AI-powered platform that lets you build complete, cross-platform mobile apps in minutes by simply describing what you want. It uses AI and React Native to generate fully functional apps-examples include visual novel games, Airbnb-style apps, meditation timers, and more. You can export these apps, use them on your phone, and even sharethem via QR codes or links.
  • InkVell — InkVell is an AI research platform that connects scientists and allow them to carry on their research work smoothly. 2025
  • Athena Security Group — Athena Security Group brings together world-class experts in Cyber Defense, Security Operations, Software Development, SaaS, and AI to create a best-in-class, state-of-the-art, enterprise Cyber Defense platform.
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DARMA Capital
VC Fund · Puerto Rico, Misiones, Argentina · 1 investments in Norway Internet startups

DARMA is a global investment management firm offering expertise in digital asset risk management and blockchain technology. DARMA’s team of investment professionals has a unique combination of both traditional investment management and blockchain proficiency.

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Investment focus

  • Industry: Web3, Internet, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway, Singapore, Switzerland

Investor stats

  • Total investments: 4
  • Round size: Seed $8M–$14M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2019

Portfolio highlights

  • Tea — Learn more about the tea protocol and how to unlock the rewards for previous and future open-source software contributions.
  • Web3Auth — Web3Auth is simple, non-custodial auth infrastructure that enables Web3 wallets and applications to provide seamless user logins for both mainstream and native Web3 users.
  • NexGen Cloud — Discover NexGen Cloud's innovative AI cloud solutions designed for seamless scalability, high performance and robust security. Lead AI innovation with NexGen Cloud.
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TeleVenture Management
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Internet 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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Nordic Impact
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Internet startups

Nordic Impact invests in, supports, and builds businesses and funds based around technology. The company's goal is to make impact investing mainstream and mobilize all business and capital towards solving the big problems in the world while making great financial returns.

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Investment focus

  • Industry: Chemical, Life Science, Visual Search
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Iris.ai — Augment expert knowledge by unifying complex enterprise data to empower next-gen AI agents & applications
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Tiger Holding
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Internet startups

Tiger Holding was added in 2010.

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Investment focus

  • Industry: Internet, Wireless, Messaging
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Ping Communication — Ping Communication AS develops Internet products. It offers analog telephone adapters and integrated access devices that support video, data, telephony, and wireless, including a firewall, as well as ethernet, cable, and ADSL. The company was founded in 2007 and is based in Oslo, Norway.
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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Internet startups

Investing 1 - 5MNOK in pre-seed and seed stage teams with a link to Norway.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Catchwise — Fyll kvota mer effektivt. Finn den riktige fisken, med mindre tid og diesel.
  • Installer — the OS for installer networks
  • Lightsonic — We transform how critical infrastructure is monitored to help preserve and optimise natural resources, reduce carbon emissions, and create a more sustainable and resilient environment.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Internet startups

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, Series B
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Series A $5M–$23M; Series B $5.5M–$44M
  • Lead/follow: 27% lead, 73% 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.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • 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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Three M Capital
VC Fund · 1 investments in Norway Internet startups

Three M Capital a team of 3 crypto investors based out of Australia have continued research and investments in existing and new crypto projects throughout the bear market.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: Singapore, Norway, Philippines

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • PPKING — PPKING is a unique decentralized financial platform that specializes in beneficial liquidity and MEME token trading.
  • BTA Protocol — BTA Protocol is a decentralized ecosystem protocol based on BTC that includes applications such as staking, liquidity, range stability, launch pool, and lending protocols.
  • Astra Guild Ventures — Astra Guild Ventures is one of the world's play-to-earn gaming guilds. Astra Guild Ventures is bridging the gap between players and investors in order to capitalize on the growth of non-traditional games.
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Firstminute Capital
VC Fund · London, England, United Kingdom · 1 investments in Norway Internet startups

firstminute is a seed fund backed by over 130 unicorn founders and a world-class community.

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Investment focus

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

Investor stats

  • Total investments: 186
  • Round size: Seed $2.4M–$10M; Pre-Seed $650k–$5.5M; Series A $6.8M–$30M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Understory — Understory is the only tool you need to sell experiences. To create, manage and grow your experience business.
  • Quench.ai — Quench is a tech infrastructure for video creators to deliver exclusive content, engage and reward their true fans.
  • Stitch — One API integration for enterprise online payments across South Africa. Accept Pay by bank, debit + credit card, cash, manual EFT, debit order and crypto.
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Tola Capital
VC Fund · Seattle, Washington, United States · 1 investments in Norway Internet startups

Tola Capital is a venture capital firm that partners with founders building the next generation of enterprise software, enabled by artificial intelligence.

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Seed, Series A, Series B
  • Geography: United States, Germany, Canada

Investor stats

  • Total investments: 71
  • Lead/follow: no public data

Portfolio highlights

  • Tana — Stay on top of everything - without the busywork. An AI-native workspace that gives you an unfair advantage.
  • Persona AI — Persona AI is a robotics company that provides robotic solutions.
  • Coheso — The platform equips Legal and Compliance teams with essential tools to deliver unparalleled value to business units.
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Dreamcraft Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Internet startups

Seed-to-A engineers. We invest in techdriven companies in the Nordics and Europe.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, Germany, United Kingdom

Investor stats

  • Total investments: 42
  • Lead/follow: no public data

Portfolio highlights

  • Kvantify — Quantum computing will revolutionize many aspects of computing. We can help your business harness the full potential of Quantum Computing and High-Performance Computing today.
  • Miru Labs — Miru Labs offers tailored solutions to spot, rank, and halt crypto threats for enterprises and retail users.
  • Dragonfly Technology Limited — Software moves fast, and businesses are losing out. They’re using outdated tools, while watching competitors make strides with AI-first tech. But the fact is, the way teams discover and choose software has been broken for years. Dragonfly is a platform designed to simplify the process of software discovery with clarity, objectivity, and speed.With Dragonfly's proprietary AI-driven technology, businesses can make smarter, faster decisions by connecting their existing tech stack to a dynamic, curated dataset of the world’s most performant tools, to instantly provides contextual, personalised recommendations tailored to your unique challenges, goals, and stage of growth.Dragonfly is built to eliminate the confusion and bias from software selection. No more spreadsheets, vendor hype, or guesswork. With Dragonfly, your team can stay aligned, cut waste, and fast-track research. Whether you're scaling fast or looking for an AI-driven tool to enhance productivity, Dragonfly has you covered today and tomorrow.
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Bakken & Baeck
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Internet startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Versor — Versor develops software necessary for true autonomous drone flight both indoors and outdoors, enabling complete automation of industrial drone operations. They believe this level of automation requires superior localization, which is particularly difficult to achieve indoors and in GPS-denied areas. By removing the need for pilots, entire fleetsof drones may be supervised remotely, enabling true scalability of drone operations across various applications.
  • Iris.ai — Augment expert knowledge by unifying complex enterprise data to empower next-gen AI agents & applications
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Internet startups

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
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 77
  • Lead/follow: no public data

Portfolio highlights

  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Tana — Stay on top of everything - without the busywork. An AI-native workspace that gives you an unfair advantage.
  • 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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Verdane
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Internet startups

The preferred growth partner to tech-enabled businesses in Northern Europe.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 171
  • Round size: Private Equity $11M–$100M; Venture - Series Unknown $2.2M–$96M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $2B in 2025

Portfolio highlights

  • Babyshop — Babyshop was founded in 2006 with vision of building the best online store in the northern parts of Europe for children clothing. Babyshop want to inspire by offer an exclusive shopping experience and excellent customer service with the best mixture of high-quality brands. Here you'll find baby and children's clothes, shoes, toys,strollers, car seats, maternity clothes, accessories and more for children 0-10 years.
  • Guardsquare — Guardsquare is the leader in mobile application security, with multi-layered protection for your Android and iOS apps. Learn more.
  • Eterno Health — Eterno Health operates in the healthcare sector, providing spaces where medical practitioners can independently conduct their practices. The company focuses on preventative healthcare, offering modern facilities for doctors and therapists across various specialties. Eterno Health supports a wide range of health services, aiming to enhance patientcare through accessible and well-equipped practice areas. The organization also engages in health consultations and treatments, ensuring that these services are delivered in state-of-the-art environments. Eterno Health is committed to strengthening health outcomes by facilitating quality healthcare services.
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Blossom Capital
VC Fund · London, England, United Kingdom · 1 investments in Norway Internet startups

Blossom Capital is a Series A venture capital firm that invests in European founders building global businesses.

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $1.5M–$8M; Series A $8.5M–$37M; Series B $15M–$150M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Instruqt — Instruqt empowers companies with production-like sandbox environments to create hands-on demos, workshops, and training. Discover how you can transform your customer education
  • AutogenAI — Cutting-edge AI technology to streamline proposal writing and help businesses win more bids.
  • Comand AI — Next generation command and control for defense & security operations
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Davidovs Venture Collective
VC Fund · Los Altos, California, United States · 1 investments in Norway Internet startups

Hi, we're Marina and Nick Davidovs, a family of founders building the future.

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Investment focus

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

Investor stats

  • Total investments: 106
  • Round size: Seed $1M–$11M; Pre-Seed $125k–$2.1M; Series A $7.6M–$29M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Zinit — Transform your procurement process with Zinit's AI-powered platform. Automate RFPs, discover suppliers, and reduce indirect spend by 15%+ in the USA.
  • Locals.org — Meet people to have real-life experiences and have fun doing good
  • The New Era® of Shopping — The New Era® of Shopping helps merchants make their catalogues discoverable and shoppable inside AI assistants. Key features of the platform include two-way catalog syncing with PIMs/ERPs, SKU-level intelligence to measure AI visibility and ranking of products inside LLM responses, user prompts analysis for trends and volume insights, andautomated content optimization to improve how products rank in conversational answers. The product is already integrated with all major eCommerce platforms like Shopify, WooCommerce, Magento, BigCommerce, Wix, etc, as well as main AI discovery platforms: ChatGPT, Gemini, Claude, Google AI Mode, and Perplexity.
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Lightspeed Venture Partners
VC Fund · Menlo Park, California, United States · 1 investments in Norway Internet startups

Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends.

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Investment focus

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

Investor stats

  • Total investments: 1193
  • Lead/follow: no public data

Portfolio highlights

  • Suno — Suno is a music start-up that enables anyone to make the songs they want. The company aims to help people rediscover the joy of play and exploration.
  • Landed — LANDED makes hiring top-notch candidates onto your team effortless.
  • Periodic Labs — Periodic Labs develops artificial intelligence systems that simulate and predict the properties of materials using machine learning. The company applies computational models to support the discovery and design of materials used in sectors such as energy, electronics, and infrastructure. It builds tools that aim to reduce the time and costassociated with traditional research and development processes. Periodic Labs uses AI to analyze large-scale scientific data and collaborates with academic and industry partners to support material science research.
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Ocean Impact
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Internet startups

Growth stage investments in companies with Ocean Impac

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Investment focus

  • Industry: Internet, Aquaculture, Marine Technology
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Catchwise — Fyll kvota mer effektivt. Finn den riktige fisken, med mindre tid og diesel.
  • Innomar Ocean Technology — Innomar creates intelligent buoys and innovative technological solutions that are focused on digitizing and promoting a sustainable approach to the oceans. It specializes in the marine industry, fisheries, and aquaculture. Their primary objective is to enhance current technology to enable better resource management and create superior tools forresponsible fishing, adding value from the catch to the plate.
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Pale blue dot
VC Fund · Malmö, Skane Lan, Sweden · 1 investments in Norway Internet startups

We invest in diverse and ambitious founders building scalable companies that help us reduce or reverse climate change.

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Investment focus

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

Investor stats

  • Total investments: 53
  • Lead/follow: no public data

Portfolio highlights

  • Solarock — Solarock is a French solar panel installer specializing in residential and small commercial self-consumption. The company offers a turnkey solution combining quality, transparency, and local support, with certified technicians and a comprehensive service, from design to maintenance. Solarock relies on sustainable equipment, a local franchise model,and technological innovations to democratize access to efficient solar energy that is accessible to all .
  • Way — Way is a platform for easily implementing new technologies for the evolving commercial transportation fleets. Way enables efficient fleet transformation and intelligence by unlocking multi-source operational data.
  • Overstory — Overstory applies artificial intelligence to high-resolution satellite imagery to provide real-time analytics of natural resources. We help to prevent forest fires, deforestation, power outages and are on a mission to create a more sustainable environment. Our insights on the quantity and quality of natural resources help to improve decision-makingby electric utility companies, forestry companies and NGOs.
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AU21 Capital
VC Fund · San Francisco, California, United States · 1 investments in Norway Internet startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 174
  • Lead/follow: no public data

Portfolio highlights

  • A-World — A-world is a super metaverse card tower defense battle game based on BNB CHAIN.
  • NeuronX — NeuronX Protocol is the pioneering decentralized lending protocol on Dfinity, setting the stage for smart DeFi. By focusing on AI-driven automation and enhanced user experiences, NeuronX aims to revolutionize the DeFi landscape and appeal to a broader audience. At the core of NeuronX is a groundbreaking innovation: AI-Powered Smart LiquidityPlatforms (AILPs). These AILPs are advanced vault strategies operated by intelligent AI algorithms. Users can effortlessly gain leverage by simply depositing a base asset. Behind the scenes, AILPs leverage AI to automate complex transactions and continuously rebalance positions, ensuring optimal leverage without the risk of liquidation. This integration of AI streamlines the process, making advanced financial strategies accessible and hassle-free.
  • Vue Protocol — Vue Protocol operates as a layer2 for Web3 Social.
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node.vc
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Internet startups

node.vc is an early-stage venture capital fund investing in groundbreaking technology start-ups. We invest in transformative shifts enabled by business innovation, and powered by breakthrough technologies.

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Investment focus

  • Industry: PC Games, Online Games
  • Stage:Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Acembee — Acembee is an AI-driven platform designed to automate the tracking, data collection, and reporting of LCA A4+A5 (Life Cycle Assessment phases related to construction site energy use and transport) for construction projects. provides solution that consolidates data from the building site into one platform, enabling precise, real-time insights intoenergy consumption, CO₂ emissions, and compliance with legal environmental requirements. Acembee saves significant time, reduces unnecessary energy use by up to 40%, and helps projects stay within allowed CO₂ limits, ultimately making sustainability management on construction sites.
  • Starhive — Build apps in hours for data and asset management, help desks, project management and more with Starhive. Streamline processes and empower decision-making.
  • ONiO — ONiO is a fabless IoT company specializing in batteryless microcontrollers that run on ambient energy. ONiO.zero can use virtually any RF, thermal, solar, piezo signal as a power source. Our aim is to unshackle one IoT device at a time from the battery, en route to a 100% battery-free IoT future. Our product offers manufacturers a more minimalist, user-friendly, economical and environmentally sustainable power solution for IoT devices.
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Fathom Capital
VC Fund · San Francisco, California, United States · 1 investments in Norway Internet startups

Backing Deep Innovation.

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Investment focus

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

Investor stats

  • Total investments: 43
  • Round size: Seed $2M–$5.4M; Series A $6M–$20M; Series B $30M–$70M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Runhouse — Distribute and run AI workloads on Kubernetes magically in Python, like PyTorch for ML infra. - run-house/kubetorch
  • Clerk — With Clerk, you can add beautiful, high-conversion Sign Up and Sign In forms to your React application in minutes.  After signing in, Clerk empowers your users to take control of their account security with multi-factor authentication and device management.If you’ve ever found yourself thinking, “there’s got to be a better way to build auth” -Clerk was built with you in mind.  It truly only takes minutes to add best-in-class authentication experiences to your application - and Clerk’s team is constantly working behind-the-scenes to make them even better.
  • ConductorOne — Govern workforce access, deploy AI agents, and get work done with C1.
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Lugard Road Capital
VC Fund · New York, New York, United States · 1 investments in Norway Internet startups

Lugard Road Capital is a venture capital firm that invests primarily in the Internet, software, consumer, and technology sectors. Lugard Road Capital is affiliated with U.S. hedge fund Luxor Capital Group.

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Investment focus

  • Industry: SaaS, E-Commerce, Software
  • Stage:Series B, Series C, Series D
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 16
  • Round size: Series B $41M–$77M; Series C $29M–$153M; Series D $80M–$99M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Shine — Ageras redefines administration for small businesses by integrating banking, accounting, and tax filing in a single platform.
  • Quince — Quince brings luxury products like Mongolian Cashmere, Italian Leather, Turkish Cotton and Washable Silk to everyone at radically low prices. Shop premium essentials with no middleman.
  • Xeneta — Xeneta is the leading ocean and air freight rate benchmarking and market analytics platform transforming the shipping and logistics industry.
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Innosight Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway Internet startups

Innosight Ventures leverages more than 20 years of applied research by innovation thought leaders like Clayton Christensen and field work by the Innosight Consulting Team. We have distilled that work into a set of proprietary tools and work practices that allow us to quickly screen opportunities and work side-by-side with entrepreneurs to help them build great companies. We invest only in Singapore-based early-stage startup companies that have high potential for disrupting existing markets and creating new ones. Generally speaking, we ask 5 questions about any potential investment: Is there an important problem that customers can't address because existing solutions are expensive or inconvenient? . Is there a disruptive way to solve the problem by being simpler, more convenient, or more affordable? . Is there a plausible hypothesis about an economically attractive, scalable business model? .. Does the team have the 'right stuff' to manage the process of emergent learning? . Can early profitability be a choice? . Our usual investment quantum is up to half a million Singapore dollars in each company. However, if the answer to all the above questions is positive and the team is going to need more that , we are open to co-investing with other venture capital firms and/or angels. In the past, we have lead investment rounds where some of the companies have raised in the range of SGD 1 – 2 million.

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Investment focus

  • Industry: Finance, Software, E-Commerce
  • Stage:Series A, Seed
  • Geography: Singapore, United States, India

Investor stats

  • Total investments: 15
  • Round size: Seed $351k–$11M; Series A $599k–$2.5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Anchanto — Anchanto is a global B2B SaaS company enabling warehouse management, omni-channel retail management; offers inventory management system, order management system and product information management
  • Capital Match — Get a business loan in as short as 48 hours at lower interest rates than banks. Apply now or talk to us about peer-to-peer lending.
  • HyperSpace — Hyperspace is a permanent ticketed experiential attraction developer that creates, builds, operates, and funds attractions. Founded in 2020 and is based inDubai, AE.
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Internet VC funding in Norway at a glance

Stats across 61 deals from 83 investors.

83
investors
in Norway Internet startups
61
deals
in Norway Internet startups
$818k
median round
in Norway Internet startups
33%
lead investors
lead at least one round
26%
Seed
most common funding stage

Access all 83 VC funds in Norway Internet startups.

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