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Top 50 Machine Learning Startup Investors in Norway (October 2026)

The most active venture capital funds and angel investors investing in Norway Machine Learning startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Machine Learning startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Investinor
VC Fund
5 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
SNÖ Ventures
VC Fund
5 Norway, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Machine Learning $978k–$5.5M
Concentric
VC Fund
4 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin $878k–$225M
Kistefos Venture Capital
VC Fund
4 Norway, Singapore, Sweden Seed, Series A Software, Financial Services, SaaS $700k–$16M
Antler
VC Fund
4 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Alliance VC
VC Fund
3 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Simula Innovation
VC Fund
3 Norway Pre-Seed, Seed, Series A Machine Learning, Artificial Intelligence, SaaS $250k–$826k
Farvatn Venture
VC Fund
3 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$8M
KOMPAS VC
VC Fund
2 United States, Israel, Germany Seed, Series A, Series B Software, Construction, Information Technology $2.1M–$70M
Sanden
VC Fund
2 Norway, Japan Seed, Series A, Corporate Round Software, Machine Learning, Artificial Intelligence
TRK Group
VC Fund
2 Norway, Kenya Pre-Seed, Seed Software, SaaS, Machine Learning $159k–$2M
Kinled Holding
VC Fund
2 United Kingdom, United States, Switzerland Seed, Series A Biotechnology, Health Care, Software $594k–$40M
Melesio Capital
VC Fund
2 Norway Seed, Series A Software, Machine Learning, Artificial Intelligence
Trond Riiber Knudsen
Angel
2 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $300k–$3.5M
Skagerak Maturo
VC Fund
2 Norway Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.1M–$7.5M
Superorganism
VC Fund
2 United States, Norway, Sweden Seed, Pre-Seed, Series A Software, Machine Learning, Artificial Intelligence $2M–$8M
Construct Venture
VC Fund
2 Norway, Spain Seed, Series A, Venture - Series Unknown Software, Information Services, Information Technology $2.1M–$25M
Skyfall Ventures
VC Fund
2 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Christian Rokseth
Angel
2 Norway Seed, Pre-Seed Software, Electronics, Machine Learning $1.2M–$3.7M
Idekapital
VC Fund
2 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $210k–$90M
Murshid M. Ali
Angel
2 Norway, Sweden, Denmark Pre-Seed, Seed, Series A Financial Services, SaaS, Solar $300k–$1.5M
Middelborg
VC Fund
2 Norway Pre-Seed Food Processing, Machine Learning, Artificial Intelligence
Smart Innovation Norway
VC Fund
2 Norway Pre-Seed Food Processing, Machine Learning, Artificial Intelligence
Johann Koss
Angel
2 Norway Seed, Pre-Seed CMS, Content, Digital Media
Magnus Carlsen
Angel
2 Norway, United States Seed, Pre-Seed, Series A Sports, Soccer, Software
Herfo
VC Fund
2 Norway Seed CMS, Content, Digital Media
Accel
VC Fund
2 United States, India, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, SaaS $1.3M–$75M
Yasmin Namini
Angel
2 Norway Seed, Pre-Seed CMS, Content, Digital Media
Awilhelmsen Capital
VC Fund
2 Norway Seed, Debt Financing FinTech, Finance, Software
Anne Worsoe
Angel
2 Norway, United States, Denmark Pre-Seed, Angel Software, SaaS, Machine Learning $826k–$1.1M
Fusion Fund
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Venture - Series Unknown Artificial Intelligence, Software, Machine Learning $86k–$50M
Petri Nevalainen
Angel
1 Norway Venture - Series Unknown Video, Mobile, Big Data
Morten Fornes
Angel
1 Norway Venture - Series Unknown Video, Mobile, Big Data
Mathias Haddal Hovet
Angel
1 Norway Pre-Seed Software, Machine Learning, Food and Beverage
MP Pensjon
VC Fund
1 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Point Nine
VC Fund
1 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet
Nysnø
VC Fund
1 Norway Series A, Series B Renewable Energy, Software, Robotics
Innovation Norway
VC Fund
1 Norway, Romania, Sweden Grant, Seed Software, Information Technology, SaaS $47k–$3.6M
Futurum Ventures
VC Fund
1 Sweden Pre-Seed Energy, Renewable Energy
Scribble Ventures
VC Fund
1 United States, Mexico, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1.4M–$35M
Saudi Aramco Energy Ventures
VC Fund
1 United States, Norway, United Kingdom Series B, Series C Energy, Oil and Gas, Software $4M–$110M
Beat Ventures
VC Fund
1 United States, Canada, Norway Seed, Pre-Seed Artificial Intelligence, Software, Machine Learning $1.2M–$8.1M
Bakken & Baeck
VC Fund
1 Norway Seed, Angel Chemical, Software, Life Science
Adolfsen Group
VC Fund
1 Norway Series A, Series B SaaS, Payments, Robotics
The Index Project
VC Fund
1 United States, Denmark, Chile Seed, Series A, Series B Chemical, Artificial Intelligence, SaaS $1.1M–$3M
Invest Northern Ireland
VC Fund
1 United Kingdom, Ireland, United States Grant, Seed Health Care, Biotechnology, Medical $39k–$3.4M
Eytan Elbaz
Angel
1 United States, France, Norway Seed, Series A, Series B Internet, Software, E-Commerce $1.1M–$16M
Dekel Valtzer
Angel
1 Norway Seed Sports, Software, Computer Vision
Patrik Berglund
Angel
1 Norway Seed Software, Wind Energy, Machine Learning
Access all 143 investors in Norway Machine Learning startups.

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

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Investor list

Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway Machine Learning startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Machine Learning 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 — AI-powered healthcare, like having a doctor in your family. Instant assessments, real clinicians, personalized treatment - all from your phone.
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Concentric
VC Fund · London, England, United Kingdom · 4 investments in Norway Machine Learning startups

We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter.

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $878k–$5.8M; Series A $1.8M–$25M; Series B $1.7M–$225M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pockit — Open a prepaid account in 3 minutes online or in-app, get your contactless prepaid card in 2 working days with no credit check.
  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • aeon.life — Preventive healthcare platform that equips people with personalized insights and expert guidance for proactive whole-body health
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Kistefos Venture Capital
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Machine Learning startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • myluigi.ai — Luigi is an AI-Powered Full-Stack Game Growth-as-a-Service platform designed to help mobile game studios scale user acquisition, engagement and lifetime value without adding headcount. Its dual-engine architecture automates and operates everything from ad campaign creation and real-time creative optimization to personalized in-game offers and LTVforecasting—delivered through a single, easy-to-integrate and unified dashboard. With a flexible per-title pricing model and powerful machine-learning insights, Luigi empowers mid-sized and indie developers to reduce CPI, boost retention and chart a clear path toward sustainable growth and seven-figure ARR.
  • RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Machine Learning startups, 7 in the past 12 months

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Spiich Labs — AI for revenue teams that win on relationships. The agentic sales platform that eliminates CRM admin: your CRM updates itself after every call, you get daily meeting briefs, and follow-ups write themselves. Save 9+ hours weekly.
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
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Simula Innovation
VC Fund · Fornebu, Akershus, Norway · 3 investments in Norway Machine Learning startups

Simula Innovation is an early-stage technology investor.

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Round size: Pre-Seed $250k–$826k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • SurplusMap — SurplusMap gives charge point operators, retailers, and investors EV charging market intelligence across Europe, including utilization data, demand forecasting, and site scoring to make better network decisions.
  • Adline — AdLine.com is a sleek, dynamic domain name that exudes confidence and innovation. With its short, 6-letter, 2-syllable structure, its easy to remember and perfect for any modern startup. The name evokes ideas of advertising, creativity, and
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Farvatn Venture
VC Fund · 3 investments in Norway Machine Learning startups

Planet 9 Venture supports startups and work with venture funds to make a positive imprint on the world.

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Investment focus

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

Investor stats

  • Total investments: 85
  • Round size: Seed $1M–$8M; Pre-Seed $120k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
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KOMPAS VC
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Norway Machine Learning startups, 8 in the past 12 months

KOMPAS is an early-stage venture capital firm with offices in Amsterdam, Berlin, Copenhagen and Tel Aviv. We fund breakthrough innovations that accelerate the digital transformation and decarbonisation of the building and manufacturing industries. KOMPAS invests €1.0 – 5.0 million in Seed and Series A rounds with continued support throughout thecompany’s entire lifecycle. We partner with exceptional founders who disrupt the way buildings are designed, built and managed. We strive to eliminate emissions from building and manufacturing activity, reduce energy consumption, promote sustainable building materials, eliminate waste and support a circular economy. We invest in digital technology and automation to make industrial processes from procurement to manufacturing more efficient. We operate with purpose whilst delivering strong financial returns to our investors.

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Investment focus

  • Industry: Software, Construction, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Israel, Germany

Investor stats

  • Total investments: 41
  • Round size: Seed $2.1M–$9.6M; Series A $5.5M–$43M; Series B $3.1M–$70M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $170M in 2025

Portfolio highlights

  • Timefold — Experts in PlanningAI for complex scheduling and routing
  • Array Labs — Array Labs is working to provide high-quality 3D imagery on a global scale.
  • Treble — We develop next generation sound simulation and spatial audio technology for digital twins and virtual worlds.
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Sanden
VC Fund · Isesaki, Gumma, Japan · 2 investments in Norway Machine Learning startups

Sanden is a equipment and electrical equipment manufacturing company.

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Investment focus

  • Industry: Software, Machine Learning, Artificial Intelligence
  • Stage:Seed, Series A, Corporate Round
  • Geography: Norway, Japan

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% 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.
  • Memory — Memory crafts tools for a better future of work. Do your best work by design with Timely, Dewo and Glue.
  • Switch Smile — Switch Smile develops and provides the POI marketing platform, Pinable.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
TRK Group
VC Fund · 2 investments in Norway Machine Learning startups

An Oslo-based Advisory and Active Ownership Firm.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Pre-Seed, Seed
  • Geography: Norway, Kenya

Investor stats

  • Total investments: 9
  • Round size: Seed $620k–$2M; Pre-Seed $159k–$510k
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Relynk — Six AI agents that monitor, diagnose, and report on your buildings around the clock - built on your existing BMS data. Faults caught before tenants notice.
  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • Travelin.ai — Business and Leisure travel no longer just exist in silos but are intertwined. Travelin.ai is the Next Generation Corporate Travel Management Platform which reflects the true way we live, work and travel.
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Kinled Holding
VC Fund · New York, New York, United States · 2 investments in Norway Machine Learning startups

Kinled was founded in 1980 to retain the investment assets of the Aisher family.In 1990, the investment focus shifted to a portfolio of early stage investments applying Kinled’s company development experience alongside the endurance and passion of family owned investments together with the strategic focus of venture capitalists.Since then,Kinled has taken 8 companies to public markets and many more to successful trade sales at significant multiples.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States, Switzerland

Investor stats

  • Total investments: 144
  • Round size: Seed $594k–$14M; Series A $1.7M–$40M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Esper — Esper is the first cloud-based platform to help governments proactively manage public policy with better data and transparency.
  • Varda — Expanding the economic bounds of humankind with the world's first orbital manufacturing & reentry platform.
  • Cornea Sense — CorneaSense is a medtech startup developing a non-invasive, eye-based sensing device that measures ocular surface hydration to enable early detection and monitoring of conditions such as dry eye disease and systemic health disorders. The technology aims to provide real-time, objective eye biomarkers for improved clinical diagnosis and patient care.
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Melesio Capital
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Machine Learning startups

Melesio Capital is a investment firm.

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Investment focus

  • Industry: Software, Machine Learning, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% 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.
  • Memory — Memory crafts tools for a better future of work. Do your best work by design with Timely, Dewo and Glue.
  • 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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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 2 investments in Norway Machine Learning startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Norway, United States, Kenya

Investor stats

  • Total investments: 20
  • Round size: Seed $320k–$3.5M; Angel $300k–$1.2M; Pre-Seed $368k–$1.8M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Soolv — AI that turns messy application documents into structured data - so you can instantly score candidates and reveal early patterns of success.
  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
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Skagerak Maturo
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Machine Learning 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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Superorganism
VC Fund · New York, New York, United States · 2 investments in Norway Machine Learning startups

Superorganism is a venture fund for biodiversity.

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Investment focus

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

Investor stats

  • Total investments: 13
  • Round size: Seed $3.4M–$8M; Pre-Seed $2M–$2M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: Likely still investing — raised $12M in 2024

Portfolio highlights

  • Cecil — From nature-based offset projects to biodiversity inventories, we simplify natural asset management for project developers, intermediaries, asset managers and investors.
  • Deep Forestry — Deep Forestry AB specializes in developing autonomous survey drones equipped with 3D AI technology. These drones are designed to navigate through forests and agricultural plantations, scanning individual trees to measure biodiversity and gather detailed data. The company focuses on leveraging deep-tech solutions in 3D AI, autonomous robotics, andcomputer vision to enhance forest management and agricultural practices.
  • Orbital Sentry — Orbital Sentry delivers real-time wildfire detection and continuous geostationary monitoring to protect communities, reduce losses, and power next-generation risk intelligence. Our persistent infrared data helps insurers, governments, and first responders act faster and build true climate resilience
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Construct Venture
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $2.1M–$6.3M; Series A $10M–$25M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • 7Analytics — 7Analytics delivers disruptive proptech solutions for sustainable cities. Our innovative FlomKuben software will utilize automatization and AI to allow rapid and safe analysis for stormwater management.
  • Theoriq — Theoriq is a platform for limitless AI innovation built on the principles of composability, extensibility, and community-driven governance.
  • Findable — Findable is an intelligent facility management system for public properties, commercial real estate and construction. We use AI to automate operations and manage your properties with data from your building documentation. Our user-friendly software helps your facility manager ensure compliance, reduce risk, and lower operation costs with powerful automation tools.
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Machine Learning startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • CYBRET AI — The New Era of Autonomous Cybersecurity
  • Volve — Volve turns tender and contract documents into a structured baseline, helping construction teams catch risk, run compliance checks, and win better bids with AI.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 2 investments in Norway Machine Learning startups

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 91
  • Round size: Seed $224k–$2.2M; Pre-Seed $110k–$4.3M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $49M in 2022

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Christian Rokseth
Angel · Stavanger, Rogaland, Norway · 2 investments in Norway Machine Learning startups

Christian Rokseth is dedicated and focused towards developing new and innovative communication solutions for enterprises. Since Christian Rokseth is started my career in 1999 Christian Rokseth have managed a series of advanced projects within the IT and Telecom industry. These projects have brought me significant knowledge about all the requiredsteps and processes involved in order to bring state of the art electronics and software products to the market. In 2014 Christian Rokseth is managed the development and market introduction of the world's first intrinsically safe smartphone. The product was developed from scratch by a team of 8 engineers. Likely the smallest team ever to develop a smartphone.

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Investment focus

  • Industry: Software, Electronics, Machine Learning
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 5
  • Round size: Seed $1.2M–$3.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Auk — Auk creates a fully-automatic system that makes it easier to grow vegetables, salads and herbs at your own kitchen
  • Globus.ai — Cover up to 40% more shifts, every day, with our self-learning, AI-based, workforce management software. Book your free trial today.
  • 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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Idekapital
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Machine Learning 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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Murshid M. Ali
Angel · London, England, United Kingdom · 2 investments in Norway Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 13
  • Round size: Seed $600k–$1.1M; Pre-Seed $300k–$1.5M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Slowly.no — Slowly.no is an online retailer app that sells coffee, dry goods, bakery, and household products for monthly delivery and return services.
  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
  • Huddlestock — Huddlestock is an award-winning Fintech company listed on the Oslo Stock Exchange (OSE:HUDL), and regulated as a financial services firm by BaFIN through its fully-owned German subsidiary Huddlestock Systems GmbH. The company has offices in Copenhagen, Oslo, Stockholm, Munich, Stavanger and Kuala Lumpur. Huddlestock has more than thirty employees,and provides cutting edge technology and products to the financial industry, with large industrial clients like BNP Paribas, Baader Bank, AVL Group and more. In 2021 Huddlestock will launch a B2C platform in Malaysia in collaboration with MHX Group, under its own brand. The company is a spin-off from the University of Stavanger, one of the largest Universities in Norway.
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Middelborg
VC Fund · 2 investments in Norway Machine Learning startups

Middelborg is a privately held investment company with investments in public and private equities, real estate and financial derivatives. Middelborg's investments include major stakes in several listed companies, real estate, an actively managed portfolio of listed stocks and a group of investments in privately held companies.

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Investment focus

  • Industry: Food Processing, Machine Learning, Artificial Intelligence
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
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Smart Innovation Norway
VC Fund · Halden, Ostfold, Norway · 2 investments in Norway Machine Learning startups

Smart Innovation internationally oriented business cluster in Norway within energy, digitization, Big Data Analytics and ICT.

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Investment focus

  • Industry: Food Processing, Machine Learning, Artificial Intelligence
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
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Johann Koss
Angel · Oslo, Oslo, Norway · 2 investments in Norway Machine Learning startups

Johann Koss is the Founder of Right To Play. He attended the Rotman School of Management.

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Investment focus

  • Industry: CMS, Content, Digital Media
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
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Magnus Carlsen
Angel · 2 investments in Norway Machine Learning startups

Magnus Carlsen is the Co-founder of Freestyle Chess.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
  • Metric — Marketer is the AI growth platform that researches, creates, launches and improves your marketing. Used by 2,000+ businesses, with $500M+ in ad spend a year.
  • TOCA Football — TOCA Football! Improve your skills with state of the art equipment and training programs for kids, adults, and professionals at TOCA Football training centers.
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Herfo
VC Fund · 2 investments in Norway Machine Learning startups

Herfo was founded in 2005 by Folke Hermansen.

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Investment focus

  • Industry: CMS, Content, Digital Media
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
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Accel
VC Fund · Palo Alto, California, United States · 2 investments in Norway Machine Learning startups

First partner to exceptional teams everywhere

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Investment focus

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

Investor stats

  • Total investments: 2492
  • Round size: Seed $1.3M–$10M; Series A $4.3M–$40M; Series B $10M–$75M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $750M in 2026

Portfolio highlights

  • Vectra AI — Vectra AI, the cybersecurity AI company that protects modern networks from modern attacks.
  • MobStac — Developer of a cloud-based mobile marketing platform designed to connect the digital and physical worlds through the use of innovative technology. The company's platform is based on the principals of proximity marketing and engage customers in a personalized, context-aware way that leverages indoor location and proximity, enabling businessesand brands to leverage BLE beacon technology to deliver context-rich experiences to their end users.
  • Perplexity — Perplexity is a search engine platform that uses artificial intelligence to provide large language models and search engines. The company's platform enables the development of beneficial artificial general intelligence, as well as an open-source environment that is accessible to the public, allowing clients to develop skills and knowledge inartificial intelligence.
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Yasmin Namini
Angel · New York, New York, United States · 2 investments in Norway Machine Learning startups

Yasmin Namini

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Investment focus

  • Industry: CMS, Content, Digital Media
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
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Awilhelmsen Capital
VC Fund · 2 investments in Norway Machine Learning 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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Anne Worsoe
Angel · Oslo, Oslo, Norway · 2 investments in Norway Machine Learning startups

I work with early-stage technology startups and founders with ambitions to solve global challenges. I'm co-founder and partner at Farmhouse, investing primarily in Norwegian startups, and a venture partner at Antler, a global early-stage VC. Previously, I held the position as Portfolio Manager and Partner at B&B while the company scaledfrom 16 to 60+ people in three countries. I initiated and co-founded the co-working space Nordic Innovation House in Silicon Valley, explored new business opportunities in the renewables industry and I was the first CEO of the Norwegian Venture Capital & Private Equity Association. I have experience as a co-founder, angel investor, member of the Board of Directors for startups and VCs, focusing on early-stage ventures, growth, and internationalization. I'm passionate about helping startups scale their impact, and especially empowering female co-founders and angel investors.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Pre-Seed, Angel
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 8
  • Round size: Pre-Seed $826k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ownersroom — OwnersRoom is a fintech startup based in Oslo.
  • SafetyWing — Health and insurance products for remote companies and remote workers worldwide, as a replacement for national welfare systems.
  • Savvie — Savvie is your sales forecasting tool, waste tracking tool, sold-out tracker, ordering solution, product manager and analytics dashboard all in one intuitive app. We help you reduce food waste while maximizing sales with our one-click solution for store management.
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Fusion Fund
VC Fund · Palo Alto, California, United States · 2 investments in Norway Machine Learning startups, 15 in the past 12 months

Fusion Fund supports early-stage entrepreneurs who are looking to build globally disruptive companies using innovative technologies to drive systemic change.They are entering the next wave of technological advancement and foundational innovation is required to enable massive growth. With Fusion Fund’s technical and entrepreneurial backgrounds,we seek to support entrepreneurs who are building companies with strong technical barriers and advantages in their business models.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 159
  • Round size: Seed $1M–$10M; Series A $6.8M–$50M; Venture - Series Unknown $86k–$2.4M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely actively investing — fresh fund, raised $190M in 2025

Portfolio highlights

  • Palona AI — Palona is the AI operating layer for physical businesses, proven first in restaurants. Capture demand, convert revenue, and learn where growth is next.
  • Altis Labs — Altis Labs is the computational imaging company advancing precision medicine. We believe that medical imaging is the richest source of untapped information. Life sciences companies use our software platform, Nota, to accelerate all stages of clinical development. Trained on over 140 million longitudinal real-world images with associated clinicalinformation, our deep learning models predict clinically meaningful outcomes to quantify treatment effect more accurately.
  • Sancho — https://t.co/ptb9Xn8I5U Physical API for advanced manufacturing
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Petri Nevalainen
Angel · 1 investments in Norway Machine Learning startups

Petri Nevalainen

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Investment focus

  • Industry: Video, Mobile, Big Data
  • Stage:Venture - Series Unknown
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Movi — Movi is building a new canvas for creation and ownership of web 3.0 visual content.
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Morten Fornes
Angel · 1 investments in Norway Machine Learning startups

Morten Fornes

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Investment focus

  • Industry: Video, Mobile, Big Data
  • Stage:Venture - Series Unknown
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Movi — Movi is building a new canvas for creation and ownership of web 3.0 visual content.
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Mathias Haddal Hovet
Angel · 1 investments in Norway Machine Learning startups

Mathias Haddal Hovet is a co founder at Wanda.

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Investment focus

  • Industry: Software, Machine Learning, Food and Beverage
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Savvie — Savvie is your sales forecasting tool, waste tracking tool, sold-out tracker, ordering solution, product manager and analytics dashboard all in one intuitive app. We help you reduce food waste while maximizing sales with our one-click solution for store management.
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Machine Learning 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 $4.9M–$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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Point Nine
VC Fund · Berlin, Berlin, Germany · 1 investments in Norway Machine Learning 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: 248
  • Lead/follow: no public data

Portfolio highlights

  • cargo.one — The cargo.one booking platform gives you access to real-time prices and available capacities of multiple airlines. Directly book online within seconds, 24/7.
  • Omnea — The all-in-one procurement platform. Request purchases, automate approvals, and streamline your procurement process in one centralised solution.
  • 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.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Machine Learning 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, Software, Robotics
  • Stage:Series A, Series B
  • Geography: Norway

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
  • eSmart Systems — ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.
  • Maritime Robotics — Maritime Robotics is a leading global high-tech company creating sustainable autonomy at sea. Our technology makes ocean space accessible and safe worldwide.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Machine Learning 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: 83
  • Round size: Seed $118k–$3.6M; Grant $47k–$1.7M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Munibee — Norwegian Fintech startup making managing your economy easy and available for everyone. Visit https://t.co/U4Xk5ULx0F to see more.
  • 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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Futurum Ventures
VC Fund · 1 investments in Norway Machine Learning startups

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

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Investment focus

  • Industry: Energy, Renewable Energy
  • Stage:Pre-Seed
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
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Scribble Ventures
VC Fund · Portola Valley, California, United States · 1 investments in Norway Machine Learning startups

Scribble Ventures is a founder friendly capital for early-stage startups. Angel investors, Venture Capital, Startup Lab, Startups, Startup Mentorship, Founder advice, engineering, product, early stage startup

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Investment focus

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

Investor stats

  • Total investments: 194
  • Round size: Seed $2M–$9.2M; Pre-Seed $1.4M–$3.8M; Series A $10M–$35M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Elio Labs — Elio builds a reconfigurable optical sensor that lets AI shape how it sees: inventing new ways to sense, directing detail where it's needed, and measuring the physical world directly.
  • Hostie — Hostie is an AI-first customer experience platform designed for restaurants, automating guest inquiries, reservations, and takeout orders. We proudly partner with some of the world’s top restaurants, including Flour + Water, Nisei, Slanted Door, ILIS, and more. Co-founded by a product designer-turned-restaurateur and an AI engineer, Hostie blendshospitality expertise with cutting-edge technology to enhance restaurant operations.
  • PlusPlus — PlusPlus provides a learning and development SaaS platform for technical professionals. It automates the management of onboarding, workshops, and tech-talks at scale. With PlusPlus, companies attract and develop employees.
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Saudi Aramco Energy Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 1 investments in Norway Machine Learning startups

Saudi Aramco Energy Ventures is the corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia),SAEV also operates through regional offices in North America and Europe. SAEV's Objectives are: - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi ArabiaSAEV's investment Focus Areas are: - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand

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Investment focus

  • Industry: Energy, Oil and Gas, Software
  • Stage:Series B, Series C
  • Geography: United States, Norway, United Kingdom

Investor stats

  • Total investments: 86
  • Round size: Series B $4M–$50M; Series C $4M–$110M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2020

Portfolio highlights

  • Seeq — Seeq Corporation develops software and services that accelerate industrial process analytics on industrial process data.
  • Novomer — Novomer is a new materials company pioneering a family of competitively priced high-performance green plastics, polymers and other chemicals. With proprietary catalytic technology and a world-class scientific team, Novomer's groundbreaking technology allows carbon dioxide and other renewable materials to be cost-effectively transformed intopolymers, plastics and other chemicals for a wide variety of industrial markets.It was founded in 2004 and headquartered in Waltham, Massachusetts.
  • 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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Beat Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway Machine Learning startups

Beat Ventures invests in people-centered technology companies reshaping the future of work.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, Norway

Investor stats

  • Total investments: 22
  • Round size: Seed $2.7M–$8.1M; Pre-Seed $1.2M–$4.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bolo AI — Bolo AI Copilot for Asset Intelligence transforms how energy companies interact with their data, turning complex asset performance data into instant, actionable insights.
  • Nexxa.ai — Agentic automation tailored to system-critical industries the world relies on. Book a free consultation today.
  • New Generation — A new kind of AI for commerce.
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Bakken & Baeck
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Machine Learning 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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Adolfsen Group
VC Fund · 1 investments in Norway Machine Learning startups

The Adolfsen Group is a group of companies in which Kristian Adolfsen and Roger Adolfsen are shareholders. The Group invests across a wide range of sectors, many of which having a link to its origins within hotel operations.

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Investment focus

  • Industry: SaaS, Payments, Robotics
  • Stage:Series A, Series B
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% 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)
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The Index Project
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Machine Learning startups

Design to improve life is about solving real problems, small and large, simple and complex, systemic and emerging and is a life-long pursuit. The Index Project is a call to action. Are you in?

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Investment focus

  • Industry: Chemical, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Chile

Investor stats

  • Total investments: 9
  • Round size: Seed $1.5M–$2M; Series A $1.1M–$3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Agribuddy — Management of agricultural support application "AGRIBUDDY".
  • CanopyLAB — CanopyLAB is an educational technology company located in Hvidovre, Greater Copenhagen, Denmark. We have built an AI-powered social learning platform for corporate training. Through personalization our platform enables all learners to realize their potential in a way that is fast, fun and future-proof. We call it "The Future of Learning-Delivered Today".We work on two verticals:1. The Canopy A social learning platform powered by AI A research-based social learning platform for developing competencies through individualized and adaptive learning experiences. It is designed with an integrated social network structure to enhance collaborative learning and built on strong Nordic learning principles.2. The LAB A learning community with provocative content Join our global learning community for youth. Take free courses, exchange ideas, gain new knowledge and practice competencies offered by 100 + pioneering NGOs in controversial and often neglected topics such as sexuality, sexual & reproductive rights, climate action, health, and the SDGs.CanopyLAB acquired Peruvian publishing startup Yopublico in April 2020.
  • Destácame — Destacame is the first behavior-based credit score in Latin America.
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Invest Northern Ireland
VC Fund · Belfast, Belfast, United Kingdom · 1 investments in Norway Machine Learning startups

Invest Northern Ireland is Northern Ireland's economic development agency. Their overall goal is to help create wealth for the benefit of the whole community by strengthening the economy and helping it grow.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Grant, Seed
  • Geography: United Kingdom, Ireland, United States

Investor stats

  • Total investments: 43
  • Round size: Seed $39k–$1.2M; Grant $299k–$3.4M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • ProtectBox — Cybersecurity award-winning NetZero comparison marketplace that lets you find and buy all your cybersecurity in one place.
  • Lakeland Dairies — Lakeland Dairies, a major dairy processing co-operative, operates within a fifteen county catchment area across the northern half of the island of Ireland. The Group processes about one billion litres of quality milk annually into a range of value added dairy foodservice products and functional dairy food ingredients.
  • Armstrong Medical — Eakin Healthcare is a UK manufacturer of high quality innovative respiratory products for use in Critical, Neonatal and Perioperative Care.
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Eytan Elbaz
Angel · Los Angeles, California, United States · 1 investments in Norway Machine Learning startups

Eytan Elbaz is the Co-Founder of Afterparty. He previously worked at Social Native as a Co-Founder and Chief Strategy Officer. Eytan Elbaz attended the University of California, Los Angeles.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: United States, France, Norway

Investor stats

  • Total investments: 24
  • Round size: Seed $1.1M–$4.3M; Series A $2M–$16M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Duffl — Duffl is a 10-minute grocery delivery service for college students. It currently operating at UCLA, USC, UCSB, and UC Berkeley. It was founded in 2019 and is headquartered in Los Angeles, California.
  • Fernish — Fernish is a furniture rental startup company that offers provides furniture as a subscription model to consumers living a mobile lifestyle.The company seeks to redefine the way the market sees furniture rental by positioning itself as a lifestyle brand. It offers a rent to own program that allows subscribers to apply their previous paymentstowards the cost of the piece or pieces they want to buy at the end of their subscription. Users are allowed to subscribe to an entire room or specific pieces and can even swap out things they don’t like or simply want to change up at any point.Founders Michael Barlow and Lucas Dickey launched the company in Los Angeles, California in 2017.
  • Globus.ai — Cover up to 40% more shifts, every day, with our self-learning, AI-based, workforce management software. Book your free trial today.
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Dekel Valtzer
Angel · Tel Aviv, Tel Aviv, Israel · 1 investments in Norway Machine Learning startups

Dekel Valtzer is the Co-Founder & CEO of Avo. He previously worked at monday.com (formerly dapulse) as a COO & Finance. Dekel Valtzer attended Reichman University (IDC Herzliya).

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Investment focus

  • Industry: Sports, Software, Computer Vision
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
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Patrik Berglund
Angel · Oslo, Oslo, Norway · 1 investments in Norway Machine Learning startups

Patrik Berglund is the CEO and Co-Founder of Oslo-based Xeneta, the leading price comparison platform for containerized freight transforming the shipping and logistics industry with data analytics. Berglund, a logistics and tech-enthusiast, possesses a true passion to modernize business processes related to logistics procurement and the supplychain. He has in-depth logistics and transportation experience from several years at Kuehne + Nagel in various roles and also as Co-Founder of Nordilog, a logistics consultancy firm. Founded in 2012, Berglund has grown Xeneta to be the top worldwide source comparing shipping rates against the market average, market highs and lows, ultimately transforming companies’ logistics procurement with actionable data intelligence. Xeneta provides data on over 60,000 global trade routes and has a shipper user-base that exceeds 5 million TEUs. Berglund holds an MSc with a specialization in Logistics Management from the Norwegian Business School BI.

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Investment focus

  • Industry: Software, Wind Energy, Machine Learning
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
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Machine Learning Investor funding in Norway at a glance

Stats across 97 deals from 143 investors.

143
investors
in Norway Machine Learning startups
97
deals
in Norway Machine Learning startups
$2.4M
median round
in Norway Machine Learning startups
29%
lead investors
lead at least one round
37%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

Access all 143 investors in Norway Machine Learning startups.

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