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Top 50 Manufacturing Startup Investors in Norway (October 2026)

The most active venture capital funds and angel investors investing in Norway Manufacturing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Manufacturing startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Investinor
VC Fund
11 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
Antler
VC Fund
9 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
SINTEF Venture AS
VC Fund
6 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
ProVenture
VC Fund
4 Norway, United States, India Seed, Venture - Series Unknown Software, Oil and Gas, Information Technology $754k–$4M
Skagerak Capital
VC Fund
4 Norway, Sweden Series A, Venture - Series Unknown, Seed SaaS, Manufacturing, Information Technology $4.8M–$24M
Farvatn Venture
VC Fund
4 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$8M
Valinor AS
VC Fund
4 Norway, United Kingdom Seed, Series A Energy, Robotics, Software $1.8M–$3.1M
Sandwater
VC Fund
3 Norway, Germany, Finland Series A, Venture - Series Unknown, Series B Manufacturing, Medical, AgTech $4.7M–$35M
Viking Growth
VC Fund
3 Norway, Sweden, Denmark Venture - Series Unknown, Private Equity Software, Information Technology, SaaS $3M–$26M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $170k–$20M
Trond Riiber Knudsen
Angel
3 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $300k–$3.5M
TRUMPF Venture
VC Fund
3 Germany, Switzerland, United States Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1.9M–$70M
RunwayFBU
VC Fund
3 Norway, Italy, Sweden Pre-Seed, Seed, Series A Software, SaaS, Information Technology $538k–$17M
Alliance VC
VC Fund
3 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
ConocoPhillips Technology Ventures
VC Fund
2 United States, Norway Series A, Venture - Series Unknown Oil and Gas, Manufacturing, Analytics $10M–$10M
CoFounder
VC Fund
2 Norway Seed, Series A Industrial, Manufacturing, SaaS $956k–$2.3M
EISMEA
VC Fund
2 Spain, Italy, United Kingdom Grant, Venture - Series Unknown, Seed Manufacturing, Software, Biotechnology $53k–$2.6M
BTO
VC Fund
2 Norway, United States Seed Health Care, Biotechnology, Developer Platform $427k–$427k
Momentum
VC Fund
2 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $401k–$18M
Klaveness Marine
VC Fund
2 Norway Venture - Series Unknown Manufacturing, Boating, CleanTech $7.7M–$10M
Sennheiser
VC Fund
2 Norway Venture - Series Unknown Manufacturing, Information Technology $7.6M–$7.6M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Nysnø
VC Fund
2 Norway, United Kingdom Venture - Series Unknown, Series A, Seed Robotics, Software, Manufacturing $4M–$74M
Voima Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Dawn Capital
VC Fund
2 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology $3M–$101M
Shell Ventures
VC Fund
2 United States, United Kingdom, India Series A, Series B, Venture - Series Unknown Energy, Renewable Energy, Software $2.8M–$126M
Accel
VC Fund
2 United States, India, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, SaaS $1.3M–$75M
Bakken & Baeck
VC Fund
2 Norway Seed, Angel Chemical, Software, Life Science
Capricorn Partners
VC Fund
1 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Health Care, Software $3.3M–$45M
Skagerak Energi
VC Fund
1 Norway, The Netherlands Seed, Series A, Venture - Series Unknown Energy, SaaS, Battery
MKS PAMP
VC Fund
1 Norway, United Kingdom Seed Energy, Mining, Recycling
Export Development Canada
VC Fund
1 Canada, United States, United Kingdom Venture - Series Unknown, Debt Financing, Post-IPO Debt Software, Manufacturing, Energy $3.6M–$858M
Chevron Technology Ventures
VC Fund
1 United States, United Kingdom, Canada Series A, Series B, Series C Energy, Software, Manufacturing $4.8M–$115M
Expansion Capital
VC Fund
1 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Food and Beverage, Logistics
BIzCap
VC Fund
1 United States, Norway Debt Financing, Corporate Round, Seed Manufacturing, Organic Food, Food and Beverage
Almi Företagspartner AB
VC Fund
1 Norway Debt Financing Fuel, Industrial, Oil and Gas
Gunnar Evensen
Angel
1 Norway Pre-Seed Manufacturing, Industrial Automation, Machinery Manufacturing
Yara Growth Ventures
VC Fund
1 Norway, United States, India Series B, Series A, Seed AgTech, Agriculture, Financial Services
Lionheart Ventures
VC Fund
1 United States, United Kingdom, Singapore Seed, Series A Health Care, Biotechnology, Wellness
Olav Slupphaug
Angel
1 Norway Pre-Seed Manufacturing, Industrial Automation, Machinery Manufacturing
TD Veen
VC Fund
1 Norway, United Kingdom, Germany Seed, Series A Software, Internet, Video Streaming
Green Campus Innovations Oy
VC Fund
1 Finland, Norway Seed, Pre-Seed Manufacturing, Electric Vehicle, Energy
Gunnar Lovelace
Angel
1 United States, Norway Series A, Seed Software, Wellness, News $1.4M–$12M
Harbert Management Corporation
VC Fund
1 United States, United Kingdom, France Series A, Private Equity, Series C Medical, Software, Advertising $3.4M–$16M
Lyse Group
VC Fund
1 Norway Seed SaaS, Water, Analytics
Momentum Partners
VC Fund
1 Norway AgTech, Agriculture, Internet of Things
MP Pensjon
VC Fund
1 Norway, Sweden Seed, Series A Software, Information Technology, SaaS
Kari Ollila
Angel
1 Norway Pre-Seed Robotics, Software, Industrial Automation
Marius Maske
Angel
1 Norway Manufacturing, Transportation, Packaging Services
Helge Rasmussen
Angel
1 China, Norway Angel, Post-IPO Equity Software, Marketing, Advertising
Access all 210 investors in Norway Manufacturing 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 · 11 investments in Norway Manufacturing 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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Antler
VC Fund · Singapore, Central Region, Singapore · 9 investments in Norway Manufacturing 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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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 6 investments in Norway Manufacturing startups

We commercialize technology created by SINTEF's research environments

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Investment focus

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

Investor stats

  • Total investments: 34
  • Round size: Seed $160k–$6.2M; Venture - Series Unknown $1.5M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $62M in 2018

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Hystar — Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions.
  • Hydrogen Mem-Tech — Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 4 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 41
  • Round size: Seed $754k–$4M; Venture - Series Unknown $1.6M–$3M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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Skagerak Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 4 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 8
  • Round size: Series A $4.8M–$24M; Venture - Series Unknown $7.6M–$11M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Zaver — Zaver is the developer of a peer-to-peer payments network that facilitates trades among peers. The company's technology automatically generates verified digital agreements between parties and includes algorithms for intelligent fraud detection, allowing users to conduct peer-to-peer transactions with lower fraud risk.
  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
  • Nanopower Semiconductor — Hompage Nanopower Semiconductor
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Farvatn Venture
VC Fund · 4 investments in Norway Manufacturing 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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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 4 investments in Norway Manufacturing 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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Sandwater
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Viking Growth is the leading investor in Nordic business-to-business software companies. We help you grow your business internationally, provide growth capital and support you every step of your journey.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 46
  • Round size: Private Equity $12M–$19M; Venture - Series Unknown $3M–$26M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2021

Portfolio highlights

  • EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
  • HR-Friend — HR-friend is building a best of breed group within HR software which will offer customers solutions for talent acquisition, onboarding and talent management
  • Checkproof — CheckProof is the ideal tool for digitizing your work with preventive maintenance, quality and health & safety. Let’s secure value. Digitally.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Norway Manufacturing startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

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

Investor stats

  • Total investments: 82
  • Round size: Seed $800k–$6.2M; Pre-Seed $170k–$1.6M; Series A $5.6M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $32M in 2022

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Access 48,091 investors

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

Browse database — It's Free!
Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 3 investments in Norway Manufacturing 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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TRUMPF Venture
VC Fund · Ditzingen, Baden-Wurttemberg, Germany · 3 investments in Norway Manufacturing startups

The corporate venture capital arm TRUMPF Venture extends TRUMPF’s comprehensive activities to promote innovation and to detect disruptive technologies and business models early on. TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing as well as industrial lasers. TRUMPF Venture investsglobally in early-stage start-ups active in areas complementary or adjacent to the TRUMPF core, such as Advances Photonics and Smart Factory. Funded start-ups benefit from an extensive network, deep domain knowhow, proven skills in scalability as well as support to access the TRUMPF group and its ecosystem. The requirements for a potential investment are a strategic fit, a high innovation leverage and differentiation in business model or technology, an experienced management team and risk adequate financial returns.

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Investment focus

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

Investor stats

  • Total investments: 32
  • Round size: Seed $1.9M–$3.4M; Series A $4M–$12M; Series B $4.5M–$70M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $45M in 2016

Portfolio highlights

  • Quside — Our QRNGs let innovators build advanced solutions for cybersecurity and computation.
  • Threedy — Unlock the power of real-time 3D data. Accelerate workflows, optimize operations, and scale effortlessly with instant3Dhub.
  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 3 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $970k–$6.2M; Pre-Seed $538k–$2M; Series A $5.1M–$17M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Manufacturing 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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ConocoPhillips Technology Ventures
VC Fund · Houston, Texas, United States · 2 investments in Norway Manufacturing startups

Implementing emerging technologies in our operating assets and exploration efforts has enabled us to realize improvements in various activities.

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Investment focus

  • Industry: Oil and Gas, Manufacturing, Analytics
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Norway

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $10M–$10M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Maana — Maana is the pioneer in knowledge-centric technology. The Maana Knowledge Platform accelerates knowledge discovery to increase profitability. Maana’s patented Knowledge Graph— a breakthrough invention — at the core of the platform expedites extracting knowledge from data silos, to reveal the relationships within the context of an asset or processcompanies wish to optimize. Global companies such as GE, Chevron, and Shell are increasing profitability with Maana by operationalizing insights into line-of-business applications for thousands of employees to make faster data-driven decisions. Investors include Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital, Saudi Aramco Energy Ventures, and Shell Technology Ventures. Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington.
  • Ziebel — Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes itpossible to access and visualize the entire well bore in real-time.
  • Modumetal — Modumetal has enabled a revolutionary new class of nanolaminated materials with broad application in structural, corrosion and high temperature performance of coatings, bulk materials and partsModumetal is based on the interaction of different materials at their interfaces. By laminating metals, Modumetal creates a new way to influence materialproperties. By growing metal using low-cost electrochemical methods, Modumetal enables a whole new class of applications of these materials.Modumetal is currently producing nanolaminated alloys for applications in construction, energy and aerospace markets.
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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $956k–$2.3M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

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

Investment focus

  • Industry: Manufacturing, Software, Biotechnology
  • Stage:Grant, Venture - Series Unknown, Seed
  • Geography: Spain, Italy, United Kingdom

Investor stats

  • Total investments: 3533
  • Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
  • BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
  • Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
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BTO
VC Fund · Bergen, Hordaland, Norway · 2 investments in Norway Manufacturing startups

Bergen Teknologioverføring AS (BTO) is the technology transfer office in Bergen, supporting 8 research institutions in commercialization and technology transfer. Together these institutions employ about 4000 researchers and have a research base of more than 4MrdNOK (billions). Researchers, faculty and students from these institutions provide BTOwith up to 100 new innovative ideas and technologies each year, from a broad range of exciting projects. Since the founding in December 2004, BTO has been involved in over 100 commercialisations. BTO’s goal is to help researchers commercialise their research results to ensure that knowledge and inventions benefit individuals, society and industry.

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Investment focus

  • Industry: Health Care, Biotechnology, Developer Platform
  • Stage:Seed
  • Geography: Norway, United States

Investor stats

  • Total investments: 10
  • Round size: Seed $427k–$427k
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Seasmart — Seasmart develops a drone for environmental monitoring in aquaculture. Seasmart's drones are used for continuous measurement of environmental conditions in the cage that is wireless, cost effective and maintenance-free. They provide information on how the fish has it - about appetite, stress and fish welfare. It provides reduced feed, betterplanning, and reduced mortality.
  • Leieting.no — Leieting.no is inspired by sharing economy and offers renting things safely and easily. Security as a landlord. No deductible or loss on insurance. Security as a landlord. No deductible or loss on insurance. After payment, you will arrange for pickup and delivery. Rent things safely and easily, with insurance of up to 1 million kroner from Ifincluded.
  • Sensar Marine — Sensar Marine makes products designed to improve the relationship between a boat and its owner. Our flagship product is a boat monitoring system designed specifically for use in boats, which could run 24/7, 365 days a year without draining boat batteries.Our service has introduced a way for boaters to monitor their boats from their mobilephones, and be notified when their boat needs attention. To date, our boat monitor has been installed in thousands of boats of all types, in harbors around the world.
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Momentum
VC Fund · Bergen, Hordaland, Norway · 2 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $401k–$4.2M; Series A $8M–$18M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $37M in 2025

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • RENTICY LIMITED — Renticy provides an e-commerce and point-of-sale platform that enables retailers to offer rental and try-before-you-buy options on existing stock. The company supports online and in-store channels through plugins, APIs, and QR-based tools that add rental terms, deposits, and flexible billing into existing checkout flows. Its system managesbookings, customer onboarding, identity checks, fraud screening, payments, deposits, and real-time inventory for short-term and flexible rental models. Renticy offers built-in rental protection that helps merchants handle damage, loss, and non-returns within defined coverage limits. It also supports OWNit, a try-before-you-buy flow where customers trial items before deciding to purchase. The platform is used across categories such as electronics, fashion, musical instruments, and other consumer goods.
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Klaveness Marine
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Manufacturing startups

We use a structured investment process combining top-down allocation with our bottom-up convictions. Both our investments and our businesses have a long-term focus, to the lasting benefit of all stakeholders and thus of Klaveness Marine.

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Investment focus

  • Industry: Manufacturing, Boating, CleanTech
  • Stage:Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Venture - Series Unknown $7.7M–$10M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Ziebel — Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes itpossible to access and visualize the entire well bore in real-time.
  • Evoy — Discover powerful, zero-emission electric boat motors built in Norway. Explore inboard and outboard options for sustainable boating.
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Sennheiser
VC Fund · Hanover, Niedersachsen, Germany · 2 investments in Norway Manufacturing startups

Sennheiser develops, manufactures, and markets headphones, headsets, microphones, and integrated systems.It offers headphones and headsets, wired and wireless microphones, cordless microphone systems, and conference and information systems as well as aviation and audiology products. It also provides sport headphones, gaming headsets, wirelessheadphones, audio headphones, assistive listening systems, Internet telephony systems, wired monitoring systems, home audio systems, stage and monitoring systems, headbands, earphones, neckbands, vocal and presentation microphones, integrated systems, PA systems, visitor guidance systems, presentation systems, conference systems, language interpretation systems, and assistive listening systems.The company was founded in 1945 and is based in Wedemark, Germany with factories in Germany, Ireland, and the United States. It has sales subsidiaries in France, Great Britain, Belgium, the Netherlands, Switzerland and Liechtenstein, Germany, Denmark, the Russian Federation, Hong Kong, India, Singapore, Japan, China, Canada, Mexico, and the United States.

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Investment focus

  • Industry: Manufacturing, Information Technology
  • Stage:Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Venture - Series Unknown $7.6M–$7.6M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 2 investments in Norway Manufacturing 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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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Manufacturing 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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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Norway Manufacturing startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 64% lead, 36% follow
  • Last fund: Likely still investing — raised $108M in 2023

Portfolio highlights

  • Reduciner — Reduciner's vision to turn industrial CO₂ emissions from a liability into a valuable resource. Its technology converts captured carbon dioxide and biochar into valuable feedstocks such as carbon monoxide and activated carbon, enabling circular carbon use in emissions-intensive industries. Reduciner combines strong scientific expertise withindustrial applicability across sectors such as cement, steel, and chemicals. Its electricity-driven process allows industries to reduce emissions without major changes to existing infrastructure, offering a resilient and cost-competitive way to reduce carbon dependency while creating new value from CO₂ emissions.
  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • Photoncycle — The year-round solar energy system for heating and electricity
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Dawn Capital
VC Fund · London, England, United Kingdom · 2 investments in Norway Manufacturing startups

Dawn Capital is an early-stage venture fund focused on investing in the enterprise software and FinTech sectors.It provides capital and counsel to support founders to scale their business’s growth through talent, products, and business models to become category-defining, global companies. The firm is powered by cloud computing, ever-loweringbarriers to entry and multi-player categories are changing the way people live and work. As this innovation continues, with the growth of AI and no-code applications, the investment opportunities in Dawn’s area of expertise continue to increase. Its portfolio companies include Mimecast, iZettle, Neo Technology, iControl, Showpad, and Gelato Group.Dawn Capital was founded by Haakon Overli and Norman Fiore in August 2006 and is based in London, United Kingdom.

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Investment focus

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

Investor stats

  • Total investments: 154
  • Round size: Series A $3M–$39M; Series B $9.8M–$61M; Series C $15M–$101M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $80M in 2023

Portfolio highlights

  • Cortea — Purpose-built AI grounded in auditing standards. Consistent, defensible audits every time. Trusted by DHPG and Mazars.
  • Flatpay — Flatpay's fair, flat-rate pricing simplifies payments & cuts costs. Benefit from our comprehensive solution & superior customer service. Join us now!
  • Inforcer — Standardize Microsoft 365 security policies across multiple tenants with ease using inforcer. Gain visibility, upsell security offerings, increase compliance and reduce risk. Book a demo now!
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 2 investments in Norway Manufacturing startups

Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 176
  • Round size: Series A $6M–$31M; Series B $2.8M–$126M; Venture - Series Unknown $3M–$32M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Mazama — Superhot rock geothermal, proven at 629 degrees F, with the potential to deliver gigawatt-scale, always-on power, anywhere.
  • Asperitas — Asperitas is a clean-tech company focused on greening the datacentre industry by introducing Immersed Computing. Since 2014 Asperitas has worked on validating and developing Immersed Computing® as a unique approach to the datacentre industry. Building on existing liquid immersion cooling technologies by adding integration of power and networkcomponents, improving cooling physics with a strong focus on design and engineering for usability, Asperitas has come up with a complete and integrated solution which can be effectively utilised in most, if not all situations.
  • Bumper — Split the cost of your car repairs and servicing into manageable monthly instalments with 0% interest. Fix it. Split it. Sorted.
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Accel
VC Fund · Palo Alto, California, United States · 2 investments in Norway Manufacturing 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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Bakken & Baeck
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Manufacturing 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 — 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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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 1 investments in Norway Manufacturing startups

Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 121
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$45M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2025

Portfolio highlights

  • Endo Tools Therapeutics — Endo Tools Therapeutics is dedicated to the development of innovative devices that provide therapeutic interventions for gastric conditions
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
  • Trillium Renewable Chemicals — Trillium Renewable Chemicals manufactures chemicals from renewable feedstocks used in a variety of industrially important applications. The company was founded in 2021 and based in Knoxville, Tennessee.
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Skagerak Energi
VC Fund · Porsgrunn, Telemark, Norway · 1 investments in Norway Manufacturing startups

Skagerak Energi is a future-oriented supplier of clean energy for welfare, growth and development.

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Investment focus

  • Industry: Energy, SaaS, Battery
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway, The Netherlands

Investor stats

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

Portfolio highlights

  • Evyon — Eyvon is an electrical company that provides EV battery solutions to accelerate into a fully renewable future for everyone. The company's proprietary hardware and Battery Cloud ecosystem enable the conversion of EV batteries into high-quality, affordable, and plug-and-play battery energy storage systems.Eyvon's mission is to convertbattery waste into high-quality battery systems by repurposing discarded EV batteries. By leveraging a standardized and data-driven value chain, their ambition is to provide solutions at less than half the price of new ones.It was founded in 2020 and is based in Oslo, Norway.
  • Jedlix — Find all the information on how we do smart charging at Jedlix
  • Hark Technologies — Hark Technologies is a technology company that develops smart energy optimization solutions for households and commercial buildings.
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MKS PAMP
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Manufacturing startups

MKS PAMP specializes in all aspects of the precious metals industry. It offers a full range of precious metals products for every segment of the market, with particular emphasis on investment, jewelry, and industrial applications. They provide global clients with the comprehensive service solutions available, from mining financing and refining tofabrication, physical and financial trading, as well as transport and storage options.

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Investment focus

  • Industry: Energy, Mining, Recycling
  • Stage:Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Seloxium — Seloxium is a University of Oxford spin-out company, which obtains high-purity metals from their wastewater and removes the toxic ones.
  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 1 investments in Norway Manufacturing startups, 20 in the past 12 months

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Venture - Series Unknown, Debt Financing, Post-IPO Debt
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 259
  • Round size: Post-IPO Debt $3.6M–$500M; Debt Financing $3.6M–$858M; Venture - Series Unknown $6.3M–$40M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Revolve Renewable Power — We are an owner-operator and developer of utility-scale renewable energy generation projects in North America that focus on wind, hydro, solar & battery storage
  • CleanPlanet Chemical — Discover the most advanced solvent recycler available today. Whether you recycle your solvent on-site, off-site, or not at all, save money with CleanPlanet Chemical's solvent recycling system.
  • International Test Pilots School — International Test Pilots School (ITPS) offers EASA Approved Test Pilot & Flight Test Engineer courses for military and industry customers.
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Chevron Technology Ventures
VC Fund · Houston, Texas, United States · 1 investments in Norway Manufacturing startups

Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.

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Investment focus

  • Industry: Energy, Software, Manufacturing
  • Stage:Series A, Series B, Series C
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 178
  • Round size: Series A $4.8M–$34M; Series B $6.5M–$42M; Series C $6M–$115M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2019

Portfolio highlights

  • Resolutiion — Resolutiion provides AI-powered software for managing commercial conflict, delivery risk, and business relationship performance. The platform supports organizations with dispute detection, workflow automation, contract monitoring, issue resolution, and operational risk management across customers, suppliers, workforce teams, and commercialpartnerships. Its system uses AI-driven analysis to identify relationship friction, monitor delivery performance, and support structured resolution processes. Resolutiion also provides commercial intelligence tools, reporting, and collaboration features for enterprise delivery and governance management.
  • Auron Solutions — Discover Auron Solutions' cutting-edge technology designed to safeguard critical infrastructure and people from drone swarms with intelligent, non-jamming RF control.
  • Ardent Process Technologies — Proven, practical solutions for industrial point-source carbon capture and other challenging chemical separations.
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Expansion Capital
VC Fund · Riga, Riga, Latvia · 1 investments in Norway Manufacturing startups

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

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Investment focus

  • Industry: Manufacturing, Food and Beverage, Logistics
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 40
  • Lead/follow: no public data

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Yieldstreet — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
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BIzCap
VC Fund · San Francisco, California, United States · 1 investments in Norway Manufacturing startups

BizCap, Business Capital (BIZCAP®), is a time-tested commercial finance and advisory firm that structures and delivers customized non-dilutive credit solutions to midsize companies in special situations. BizCap implements resourceful working capital, restructuring, and growth capital solutions for companies in need of immediate liquidity,especially when conventional capital sources are elusive or not an option.

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Investment focus

  • Industry: Manufacturing, Organic Food, Food and Beverage
  • Stage:Debt Financing, Corporate Round, Seed
  • Geography: United States, Norway

Investor stats

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

Portfolio highlights

  • Conexwest — Conexwest is a leading supplier of standard and modified storage containers.
  • Safety Network — Since 1999, Safety Network, Inc. has provided superior traffic control, workzone management, traffic signs, and traffic control devices. Contact us today!
  • Flavor Insights — As one of the fastest growing flavor companies on the West coast, we are here to bring a little sweetness to your product.
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Almi Företagspartner AB
VC Fund · Malmö, Skane Lan, Sweden · 1 investments in Norway Manufacturing startups

Almi Företagspartner Skåne is owned by the Swedish state and is the parent company of a group consisting of Almi Invest AB.

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Investment focus

  • Industry: Fuel, Industrial, Oil and Gas
  • Stage:Debt Financing
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Hynion — Hynion is among the world's most experienced operators of hydrogen refueling stations. We have over fifteen years of experience and expertise in the development and operation of hydrogen refueling stations. Our business idea is to make hydrogen gas available by supplying hydrogen refueling stations with safe and proven designs.
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Gunnar Evensen
Angel · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

Gunnar Evensen

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Investment focus

  • Industry: Manufacturing, Industrial Automation, Machinery Manufacturing
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
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Yara Growth Ventures
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

Yara Growth Ventures is the venture investment team within Yara International ASA. The Yara Growth Ventures team invests in disruptive startups in the agri-food industry globally in order to advance the mission of responsibly feeding the world and protecting the planet. Learn more at www.yaragrowthventures.com

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Investment focus

  • Industry: AgTech, Agriculture, Financial Services
  • Stage:Series B, Series A, Seed
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • Verqor — Verqor is a platform that disrupts the agricultural sector with finances and technology. We give farmers access to cashless credits that can be used for purchasing supplies and technology, everything through our platform. Verqor uses an alternative data-driven credit scoring criteria, for reaching financial inclusion and technifying the fields.
  • Verdagy — Verdagy advanced electrolyzers single-cell architecture pairs in real-time with renewables for the large-scale production of green hydrogen.
  • AZANE Fuel Solutions — AZANE Fuel Solutions develop and deliver bunkering solutions for ammonia fuel, enabling carbon free shipping.
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Lionheart Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway Manufacturing startups

Lionheart Ventures is a global, seed-stage venture capital firm focused on mitigating civilizational risk. We do this by supporting the wise development of transformative technologies. Our main areas of investment focus are transformative artificial intelligence and frontier mental health technologies.Leading academics estimate a 1-in-6 chance ofhuman extinction by the year 2100, largely driven by risks from emerging technologies. And now, with the exponential growth of AI, predictions are getting worse. Our startups are part of the solution. We invest in exceptional, ethical founders who are developing transformative technologies that have the potential to impact humanity on a meaningful scale, while generating attractive returns for our LPs.

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Investment focus

  • Industry: Health Care, Biotechnology, Wellness
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 39
  • Lead/follow: no public data

Portfolio highlights

  • Xylo Bio — Psylo is an Australia-based psychedelic biotech business focusing on Psychedelic-inspired medicine to treat mental illness.
  • Piramidal — Piramidal offers artificial intelligence software that transforms brain activity into easy-to-understand health data to help diagnose neurological diseases.
  • Clerkenwell Health — Clerkenwell Health addresses the growing unmet demand for effective mental health treatments.
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Olav Slupphaug
Angel · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

Olav Slupphaug

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Investment focus

  • Industry: Manufacturing, Industrial Automation, Machinery Manufacturing
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
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TD Veen
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Manufacturing startups

TD Veen is concerned with sustainable social development. Their contribution is to invest in companies and solutions that are good for both owners and society at large. The foundation of TD Veen is job satisfaction, creativity and a strong determination to invest in the very best people.At one stage they saw sense in targeting the investmentprofile, which also gave us a new perspective on the demand for returns and the role of investors. As a financial owner, they want to establish a healthy attitude toward results and returns. In companies where value is created over time.A differentiated portfolio is important to us. That is why they work with investments in new industries, such as e.g. health, or in parts of the world where they have not been before. Despite their Stavanger address, they want to invest outside of the petroleum sector.TD Veen has for many years supported the work of SOS Children’s Villages, including the project The Long Run, where they renovated old children’s villages in Romania and Lebanon. They have also contributed to starting up a separate pioneer project for foster families in Murmansk. Going ahead, they will to a greater degree also contribute to society at home, by building up a community of social entrepreneurs in Eiganesveien 95.

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Investment focus

  • Industry: Software, Internet, Video Streaming
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom, Germany

Investor stats

  • Total investments: 21
  • Lead/follow: no public data

Portfolio highlights

  • Mobai — Provider of attack detection, image manipulation detection and authentication. Strong and successful research team on biometrics.
  • Dagens — Together with farmers and chefs, we co-create a transparent and resilient food system for the future. The farmers get a bigger part of the profit. Buyers get easy access to unique, biodiverse produce at competitive prices.
  • Atlas Metrics — The single source of truth for your ESG data
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Green Campus Innovations Oy
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Norway Manufacturing startups

Provide an effective, outsourced incubation and acceleration platform .

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Investment focus

  • Industry: Manufacturing, Electric Vehicle, Energy
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Norway

Investor stats

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

Portfolio highlights

  • Akkurate — Sandvik Battery Electric Loaders and Trucks TH550B LH518B Mobile Charging Station Battery as a Service
  • Solar Foods — Solar Foods is a food-tech startup that specializes in testing a technology that uses electricity to produce hydrogen which is combined with carbon dioxide, water, vitamins, and minerals to feed and grow microbial biomass that can be used as edible protein. The industrial biotech startup develops a protein called Solein, a nutritious, sustainablesubstitute for animal-derived proteins. Solein is created using elements from the air—CO2, water, nitrogen—and electricity. This single-cell protein is cultivated through gas fermentation, essentially deriving edible calories from hydrogen-oxidizing microbes.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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Gunnar Lovelace
Angel · Los Angeles, California, United States · 1 investments in Norway Manufacturing startups

Gunnar Lovelace is the Founder and co-CEO of Good Money. He attended the University of California, Santa Cruz.

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Investment focus

  • Industry: Software, Wellness, News
  • Stage:Series A, Seed
  • Geography: United States, Norway

Investor stats

  • Total investments: 7
  • Round size: Seed $1.4M–$3M; Series A $7M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Tribute — Looking for a special, meaningful gift? Share your love and appreciation with a video tribute. Easy to create group videos - start a Tribute in 30 seconds!
  • Serenity Kids — With no added sugars or preservatives, our allergen-free, easy grab and go pouches are the most nutritious low sugar baby food option for your little one. Make your baby a Serenity Baby!
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Harbert Management Corporation
VC Fund · Birmingham, Alabama, United States · 1 investments in Norway Manufacturing startups

HMC aspires to be a trusted, integrated alternative asset manager that consistently delivers alpha across the risk spectrum and attracts, develops and retains high-quality talent.

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Investment focus

  • Industry: Medical, Software, Advertising
  • Stage:Series A, Private Equity, Series C
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 18
  • Round size: Series A $3.4M–$16M; Series C $9.5M–$10M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $905M in 2022

Portfolio highlights

  • PlusMedia — Mile Marker Agency is designed for ambitious marketers, offering advanced media solutions and insights to optimize your campaigns.
  • Generate Capital — Generate Capital is a finance company that builds, owns, and operates sustainable infrastructure to deliver affordable and reliable resource solutions. The company operates and finances assets in energy, mobility, and water resources.
  • SASR Workforce Solutions — Fill every shift, shift with the seasons. SASR Workforce Solutions help retail and supply-chain businesses and talent realize their true potential.
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Lyse Group
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Manufacturing startups

Lyse er et norsk industrikonsern med virksomhet innen energi, telekommunikasjon og infrastruktur.

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Investment focus

  • Industry: SaaS, Water, Analytics
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Heimdall Power — Heimdall Power offers a rapid transition to fully digitized electric grid assets. Our technology increases on average the capacity of the grid by 40%.
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Momentum Partners
VC Fund · San Francisco, California, United States · 1 investments in Norway Manufacturing startups

The Premier Trusted Advisor to the Global Cybersecurity Industry and Only Investment Bank Exclusively Focused on Cybersecurity.

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Investment focus

  • Industry: AgTech, Agriculture, Internet of Things
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Nofence — Nofence is a system virtual fencing for grazing animals. Virtual fencing of livestock has been a concept long discussed in academia. The Norwegian ag-tech startup Nofence has since 2011 developed and patented a solution for virtual fencing that has proven to work. The customers say that this will become a real gamechanger for livestock managementsince pastures can easily be defined by a few clicks on a tablet/smartphone. The herd is then safely fenced in and can be monitored. The system will send notifications if something happens. From the global food security perspective, this solution will make it much easier to utilize the uncultivated land for varied and healthy pasture, and make it possible to produce more food on cultivated land.
  • Photoncycle — Photoncycle aims to change the way electricity is generated, stored, consumed and paid for. Our mission is to deploy space-effective, autonomous energy systems powered by the sun, enabled by innovative technology, affordable for many.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing 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

Investor stats

  • Total investments: 17
  • 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.
  • 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.
  • Take Take Take — Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement.
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Kari Ollila
Angel · 1 investments in Norway Manufacturing startups

Kari Ollila

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Investment focus

  • Industry: Robotics, Software, Industrial Automation
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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Marius Maske
Angel · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Manufacturing startups

Marius Maske is a Chairman/CEO, Maske Gruppen AS

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Investment focus

  • Industry: Manufacturing, Transportation, Packaging Services
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Looping — Looping offers reuse as a service by substituting reusable transport packaging for single-use plastic products. It produces long-lasting and reusable transport wrapping for building modules, housing modules, and steel containers.
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Helge Rasmussen
Angel · 1 investments in Norway Manufacturing startups

Helge Rasmussen is a managing director at HighComp.

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Investment focus

  • Industry: Software, Marketing, Advertising
  • Stage:Angel, Post-IPO Equity
  • Geography: China, 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.
  • Duodian Keji — Duodian Keji is a performance advertising marketing platform.
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Manufacturing Investor funding in Norway at a glance

Stats across 205 deals from 210 investors.

210
investors
in Norway Manufacturing startups
205
deals
in Norway Manufacturing startups
$7M
median round
in Norway Manufacturing startups
47%
lead investors
lead at least one round
21%
Venture - Series Unknown
most common funding stage
90/10
VC / Angel
share of investor count

Access all 210 investors in Norway Manufacturing startups.

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