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

The most active venture capital funds 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
Antler
VC Fund
4 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Kistefos Venture Capital
VC Fund
4 Norway, Singapore, Sweden Seed, Series A Software, Financial Services, SaaS $700k–$16M
Concentric
VC Fund
4 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin $878k–$225M
Farvatn Venture
VC Fund
3 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$8M
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
Skagerak Maturo
VC Fund
2 Norway Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.1M–$7.5M
Fusion Fund
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Venture - Series Unknown Artificial Intelligence, Software, Machine Learning $86k–$50M
KOMPAS VC
VC Fund
2 United States, Israel, Germany Seed, Series A, Series B Software, Construction, Information Technology $2.1M–$70M
TRK Group
VC Fund
2 Norway, Kenya Pre-Seed, Seed Software, SaaS, Machine Learning $159k–$2M
Sanden
VC Fund
2 Norway, Japan Seed, Series A, Corporate Round Software, Machine Learning, Artificial Intelligence
Melesio Capital
VC Fund
2 Norway Seed, Series A Software, Machine Learning, Artificial Intelligence
Accel
VC Fund
2 United States, India, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, SaaS $1.3M–$75M
Smart Innovation Norway
VC Fund
2 Norway Pre-Seed Food Processing, Machine Learning, Artificial Intelligence
Construct Venture
VC Fund
2 Norway, Spain Seed, Series A, Venture - Series Unknown Software, Information Services, Information Technology $2.1M–$25M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Kinled Holding
VC Fund
2 United Kingdom, United States, Switzerland Seed, Series A Biotechnology, Health Care, Software $594k–$40M
Idekapital
VC Fund
2 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $210k–$90M
Skyfall Ventures
VC Fund
2 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Superorganism
VC Fund
2 United States, Norway, Sweden Seed, Pre-Seed, Series A Software, Machine Learning, Artificial Intelligence $2M–$8M
Awilhelmsen Capital
VC Fund
2 Norway Seed, Debt Financing FinTech, Finance, Software
Middelborg
VC Fund
2 Norway Pre-Seed Food Processing, Machine Learning, Artificial Intelligence
Herfo
VC Fund
2 Norway Seed CMS, Content, Digital Media
VNTRS
VC Fund
1 Norway, Denmark Pre-Seed SaaS, Software, Metaverse $276k–$869k
Malling & Co Venture
VC Fund
1 Norway Seed SaaS, Software, Construction
Nordic Impact
VC Fund
1 Norway Seed Chemical, Life Science, Visual Search
Serra Ventures
VC Fund
1 United States, Canada, Brazil Seed, Series A, Venture - Series Unknown Software, Health Care, Analytics $250k–$20M
Saudi Aramco Energy Ventures
VC Fund
1 United States, Norway, United Kingdom Series B, Series C, Series A Energy, Oil and Gas, Software $3M–$110M
Adolfsen Group
VC Fund
1 Norway Series A, Series B SaaS, Payments, Robotics
Nysnø
VC Fund
1 Norway, United Kingdom Venture - Series Unknown, Series A, Seed Robotics, Software, Manufacturing $4M–$74M
Innovation Norway
VC Fund
1 Norway, Romania, Sweden Grant, Seed, Debt Financing Software, Information Technology, Artificial Intelligence $47k–$134M
Maki.vc
VC Fund
1 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $578k–$37M
Scribble Ventures
VC Fund
1 United States, Mexico, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1.4M–$35M
Promentum Equity Partners
VC Fund
1 Denmark, Norway Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $1.1M–$6M
MP Pensjon
VC Fund
1 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Invest Northern Ireland
VC Fund
1 United Kingdom, Ireland, United States Grant, Seed Health Care, Biotechnology, Medical $37k–$3.4M
Futurum Ventures
VC Fund
1 Norway, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Energy $4M–$5M
Stratel
VC Fund
1 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Ørsted Ventures
VC Fund
1 Norway Seed Software, Wind Energy, Machine Learning
Ørsted
VC Fund
1 United States, Norway, United Kingdom Grant, Seed, Series A Energy, Renewable Energy, Artificial Intelligence $2.5M–$2.5M
Valinor AS
VC Fund
1 Norway, United Kingdom Seed, Series A Energy, Robotics, Software $1.8M–$3.1M
EnBW New Ventures
VC Fund
1 Germany, Norway, Austria Series A, Seed, Series B Software, Artificial Intelligence, Power Grid $1.4M–$28M
Draper Startup House Ventures
VC Fund
1 United States, Singapore, Australia Pre-Seed, Seed, Venture - Series Unknown Software, FinTech, Machine Learning $250k–$5.5M
LakeEight
VC Fund
1 Norway Series A SaaS, Software, Construction
Beat Ventures
VC Fund
1 United States, Canada, Norway Seed, Pre-Seed Artificial Intelligence, Software, Machine Learning $1.2M–$8.1M
SET Ventures
VC Fund
1 Germany, The Netherlands, United Kingdom Series A, Series B Energy, Renewable Energy, Software $3.9M–$28M
York IE
VC Fund
1 United States, Canada, Norway Seed, Series A, Pre-Seed Software, SaaS, Information Technology $1M–$10M
Raise Ventures
VC Fund
1 France, Norway, Germany Series A, Seed, Series B FinTech, Software, Financial Services $2.5M–$44M
Access all 109 VC funds 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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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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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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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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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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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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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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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
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
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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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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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.
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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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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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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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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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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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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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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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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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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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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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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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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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VNTRS
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Machine Learning startups

vntrs helps founders and teams ship ambitious digital products with senior support across strategy, design, engineering and AI.

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Investment focus

  • Industry: SaaS, Software, Metaverse
  • Stage:Pre-Seed
  • Geography: Norway, Denmark

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $276k–$869k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Virtuall — Virtuall: Transforming 3D content production with a platform designed for agencies and studios. Streamline workflows, collaborate seamlessly, and scale your creative potential with powerful 3D tools.
  • Aimy — Vi selger premium norske domenenavn. Finn ditt neste domene blant et utvalg korte, minneverdige og brandbare .no-adresser.
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Malling & Co Venture
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Machine Learning startups

Malling & Co provides all services within management, rental, transactions, valuations, analysis, consulting, rental search, business management, caretaker services, project management, and real estate development.

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Investment focus

  • Industry: SaaS, Software, Construction
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • 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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Nordic Impact
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Machine Learning 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 — Powerful Tools for Your Research. We have built a world-leading AI engine for scientific text understanding. Applied to literature reviews, data extraction, post-market surveillance or any other task involving thousands of documents like papers or patents, this engine will make your life a whole lot easier.
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Serra Ventures
VC Fund · Champaign, Illinois, United States · 1 investments in Norway Machine Learning startups

Serra Ventures is a venture capital firm investing in Seed, Seed Plus and Series A tech companies primarily in the U.S.

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Investment focus

  • Industry: Software, Health Care, Analytics
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Canada, Brazil

Investor stats

  • Total investments: 195
  • Round size: Seed $250k–$5M; Series A $1.5M–$15M; Venture - Series Unknown $600k–$20M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $15M in 2024

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • SWARM — SWARM is a Software-as-a-Service platform that uses a next generation cognitive computing system, structured around a multi-agent approach which can utilize a cur
  • Quercus Biosolutions — Bringing the power of genAI to crop protection.
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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, Series A
  • Geography: United States, Norway, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Series A $3M–$28M; 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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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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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Machine Learning startups, 7 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $4M–$15M; Series A $5M–$40M; Venture - Series Unknown $10M–$74M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Alva Industries — Serving industries from aerospace to marine, we deliver high-performance, sustainable motors to drive a cleaner, more efficient future.
  • 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.
  • HIVE — A new era of work. Limitless.
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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, 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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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Norway Machine Learning startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Aavuus — Aavuus is building a global network of ground-based laser stations to detect and track space debris with high precision.
  • Metaktik — Tactical Metasurface Antenna Solution for Defence. Ultralight Antennas for Satellites.
  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
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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: 203
  • Round size: Seed $2M–$9.2M; Pre-Seed $1.4M–$3.8M; Series A $10M–$35M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely actively investing — fresh fund, raised $80M in 2025

Portfolio highlights

  • Aerdos — Aerdos is a defense tech firm that offers AI-powered finished intelligence to government agencies for critical national security decisions.
  • Gamow Labs — Gamow Labs uses AI to turn genomic data and patient phenotypes into auditable clinical insights and treatment guidance.
  • 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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Promentum Equity Partners
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Machine Learning startups

Promentum Equity Partners was founded on the vision of building outstanding technology businesses. We back ambitious entrepreneurs in making real and lasting impact with their business ideas. We invest in companies with strong value propositions, significant market potential, and passionate entrepreneurs.We invest at growth stage in kick-asssoftware start-ups within the technology space.

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $1.1M–$1.5M; Series A $1.5M–$6M; Venture - Series Unknown $1.8M–$2.5M
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • AskCody — Meeting Management for the modern workplace. #ModernWorkspace #ModernOffice #MeetingManagement
  • Motosumo — The Motosumo mission is to empower our members to lead happier and healthier lives with interactive, community-based, and instructor-driven indoor cycling workouts they can enjoy for free.
  • FarmBackup — FarmBackup is the worlds first online marketplace for on-demand farming.Launched in Denmark October 2015 - see farmbackup.dkLaunched in the UK July 2017 - see farmbackup.co.ukLaunched in New Zealand May 2018 - see farmbackup.co.nzIn May 2019 we launched a task management solution on top of our marketplace. This solution is called FarmBackupTask, and it is tailored to suit the need of both farmers and agricultural contractors - see farmbackup.com
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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 $4.8M–$9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
  • Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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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: 44
  • Round size: Seed $39k–$2M; Grant $37k–$3.4M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • CattleEye — Intelligent monitoring for healthier, more sustainable herds
  • 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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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: Software, Artificial Intelligence, Energy
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Sweden

Investor stats

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

Portfolio highlights

  • BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
  • Noteless — Noteless develops an AI-powered platform that converts doctor-patient conversations into structured medical notes. This tool is designed to streamline documentation processes for healthcare professionals, allowing them to focus more on patient care. The platform supports various specialties, including general practitioners, physiotherapists, andpsychologists, and is available in multiple languages such as English, German, Spanish, French, Dutch, Norwegian, and Danish. It ensures data privacy by not storing audio recordings or using patient data for model training, adhering to GDPR compliance. Healthcare providers can integrate the platform into their existing systems, aiming to reduce administrative burdens and enhance workflow efficiency.
  • Optio Incentives — Optio helps businesses incentivize employees, manage equity, stay compliant, and report costs with our software and advisory
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Stratel
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Machine Learning startups

Stratel AS is a family owned Norwegian investment and development company, founded in 1976 by Reidar Lorentzen. Stratel invests in entrepreneurs and companies with high ambitions, positive impact and a promising value potential. We invest in both startups, ventures and mature businesses. ​ Their investment philosophy is for Fun, Sense and Profit.

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Investment focus

  • Industry: Software, Robotics, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United Arab Emirates

Investor stats

  • Total investments: 11
  • Round size: Seed $320k–$3M; Pre-Seed $600k–$2M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Over Easy Solar — Prefabricated units with vertical bifacial solar panels for flat and green rooftops. The innovative photovoltaic solution from Over Easy Solar is unique, with quick and easy mounting for sedum roofs and flat roofs with low load-bearing capacity.
  • Inherit Carbon Solutions — Permanent carbon removal from organic waste, operational today. We capture biogenic CO2 and store it permanently under the North Sea.
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Ørsted Ventures
VC Fund · 1 investments in Norway Machine Learning startups

Ørsted Ventures is an early stage, patient capital fund designed to help the next generation of climate entrepreneurs.

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Investment focus

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

Investor stats

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

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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Ørsted
VC Fund · Gerning, Midtjylland, Denmark · 1 investments in Norway Machine Learning startups

Ørsted develops and maintains offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants.The company's vision is a world that runs entirely on green energy. A decade ago, Ørsted initiated its transformation from a black to a green energy company as DONG Energy. Since then, the company reduced its coalconsumption by 73% and decided to fully phase out coal by 2023. Ørsted becomes a global leader in offshore wind with a market share of 25%, currently powering 9.5 million people.

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Investment focus

  • Industry: Energy, Renewable Energy, Artificial Intelligence
  • Stage:Grant, Seed, Series A
  • Geography: United States, Norway, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Grant $2.5M–$2.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
  • Mission Clean Energy — Mission Clean Energy's objective is to properly decarbonize the grid by implementing renewable energy projects one at a time. Mission is well-capitalized and in a unique position to grow and execute on its expanding pipeline.
  • University of Rhode Island — Think Big. We Do.
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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 11
  • Round size: Seed $1.8M–$3.1M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Aivero — Orvue is launching the world's first single-use, robot-assisted laparoscope. Surgeon-controlled camera with robotic precision for enhanced surgical efficiency.
  • Heaten — HeatBooster - Patented high-temperature heat pump technology reducing the reliance on fossil fuels by creating reusable energy.
  • Sensonomic — Sensonomic helps you improve your land-based decisions by building digital versions of your operations. Test the outcome of your decisions before implementation.
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EnBW New Ventures
VC Fund · Karlsruhe, Baden-Wurttemberg, Germany · 1 investments in Norway Machine Learning startups

We support entrepreneurs to develop new solutions for a sustainable future - people, planet, profit - by leveraging our financially driven VC setup with the reach and skills of our corporate investor EnBW.

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Investment focus

  • Industry: Software, Artificial Intelligence, Power Grid
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Norway, Austria

Investor stats

  • Total investments: 45
  • Round size: Seed $1.4M–$11M; Series A $4.2M–$12M; Series B $5.5M–$28M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $106M in 2018

Portfolio highlights

  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
  • enspired — Revolutionize battery storage with AI-powered BESS optimization. Our energy trading platform ensures smart, real-time market access. Contact us today!
  • Elephant — Elephant in an AI-powered platform for frontline and blue-collar workers. It specializes in training and communication tools for decentralized, frontline workforces in sectors like manufacturing and logistics. Its core AI Coursebuilder converts technical documentation into gamified, mobile-friendly microlearning modules.
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Draper Startup House Ventures
VC Fund · San Mateo, California, United States · 1 investments in Norway Machine Learning startups

Ventures | Draper Startup House

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Investment focus

  • Industry: Software, FinTech, Machine Learning
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 32
  • Round size: Seed $897k–$5.5M; Pre-Seed $250k–$3.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ArbiLex — The data-driven marketplace for high-stakes litigation finance.
  • Giftpack — Built for marketers, sales, HR, and customer teams to drive retention, loyalty, and growth at scale with AI.
  • PharmInt — A fully integrated B2B Pharmaceutical Products MarketplaceAt Pharmint, we bring together everything that’s required to procure pharma products globally under one roof. We help suppliers get discovered, negotiate prices, and seal the trade terms whereas we help our buyers by vetting all documentation and holding their payments in escrow till theirshipments are delivered and verified.A technology first approach to solving counter-party risk Experience true peace of mind as a buyer as we do the heavy lifting for you. Get access to thousands of verified sellers from across the world while our trade and escrow services ensure that your purchases are protected.Get the best prices & selection of products Our vast network of over 500 verified and onboarded suppliers with a catalogue of over 10,000 products ensures we serve all buyer needs across various MOQ and pricing banHow it works:From product discovery to product deliveryWe assist you in discovering new products, matching with potential qualified manufacturers, and making the deals happen.1. Discover new productsSearch for the high-potential products in the largest human-curated CTD database. Narrow your search applying the industry-specific filter that helps sort products by GMP approvals, country of origin, dossier type, dossier status, stability, and other valuable features.2. Get offers from manufacturers3. Connect with qualified manufacturers directlyThe largest database Simplify product discovery, reduce business development effort and costs with access to an expert curated up-to-date CTD dossier database.Direct supplier relations We enjoy direct working relations with platform manufacturers. We’ll provide the best conditions to negotiate your deal details and use our authority to make the deal happen.Vetted products We match customers only with qualified manufacturers. Our marketplace features only vetted products with up-to-date regulatory data.Industry expertise Pharmint is backed by in-depth understanding of the pharmaceutical market by its founders and associates and a strong track-record in the pharmaceutical industry.Commercial guidance We assist our customers in preparing the deal structure, evaluate annual forecasts and pricing, regulatory requirements and cover other aspects in bringing new products to market.Self-service 24/7 Buyers can search for products, make multiple RFQs, receive commercial offers, negotiate deals and build their pipeline. Sellers can manage an unlimited number of products and indicate market availability at any time.
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LakeEight
VC Fund · Berlin, Berlin, Germany · 1 investments in Norway Machine Learning startups

LakeEight is a financial investment and advisory boutique with a digital DNA.

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Investment focus

  • Industry: SaaS, Software, Construction
  • Stage:Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • 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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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
  • Last fund: May invest from a new fund soon — last raise in 2021

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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SET Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Machine Learning startups

SET propels founders from early growth to European scale. We invest in and grow the solutions powering the digital energy economy.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B
  • Geography: Germany, The Netherlands, United Kingdom

Investor stats

  • Total investments: 70
  • Round size: Series A $3.9M–$12M; Series B $8.1M–$28M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • GALVANY — GALVANY is a climate-tech company focused on end-to-end heat pump and energy-management solutions for homes and buildings.
  • Fuchs & Eule — VALYRIA is an expert in buying and selling apartment buildings.
  • Luxexcel — Luxexcel is the only company in the world with the technology to 3D print lenses. Luxexcel is on a path to open a new era in eyewear with custom quality prescription lenses. And opening up a new vision on smart eyewear by enabling technology partners to develop unique lenses. Luxexcel has developed and owns all components necessary to enable ourcustomers to 3D print optics: hardware, software, process and materials
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York IE
VC Fund · Manchester, New Hampshire, United States · 1 investments in Norway Machine Learning startups

Founders, operators, and investors at all stages rely on York IE to help build, scale and monetize their business.

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Investment focus

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

Investor stats

  • Total investments: 78
  • Round size: Seed $1.5M–$5.3M; Pre-Seed $1M–$3.3M; Series A $4M–$10M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Lexful — Lexful is an AI-native IT documentation platform designed exclusively for MSPs. Innovative and insightful, Lexful automatically harvests and manages IT documentation, transforming static, obsolete information, as well as tribal knowledge, into reliable, contextual intelligence that teams can use.
  • SetSale — Stop wrestling with pricing spreadsheets and AHRI matchups. Let SetSale's AI instantly build you dynamic multi-option quotes that maximize profitability, ticket sizes, and win rates.
  • Meadow AI — Meadow AI is developing the retail and restaurant industries' operational brains. Our multimodal AI platform transforms POS, audio, and camera data into insights and actions in real time.
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Raise Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Norway Machine Learning startups

Raise Ventures is a Venture Capital structure dedicated to innovative startups in France and Europe.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: France, Norway, Germany

Investor stats

  • Total investments: 39
  • Round size: Seed $2.5M–$9.9M; Series A $4.5M–$18M; Series B $11M–$44M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Homaio — Invest in assets designed for both returns and impact, with a singular focus on reducing emissions.
  • Bergamotte — Founded in 2015, Bergamotte offers a delivery service of flowers and plants throughout France.
  • Omniscient — Omniscient is a decision intelligence platform for senior corporate leadership. Omniscient platform is to aggregate and synthesize external and internal data into a centralized management cockpit.
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Machine Learning VC funding in Norway at a glance

Stats across 95 deals from 109 investors.

109
investors
in Norway Machine Learning startups
95
deals
in Norway Machine Learning startups
$2.6M
median round
in Norway Machine Learning startups
39%
lead investors
lead at least one round
38%
Seed
most common funding stage

Access all 109 VC funds in Norway Machine Learning startups.

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