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Top 50 Manufacturing Startup Investors in Norway (August 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 Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Antler
VC Fund
9 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Investinor
VC Fund
8 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
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, Series A Software, Oil and Gas, Information Technology $744k–$5.6M
Skagerak Capital
VC Fund
4 Norway, Sweden Series A, Venture - Series Unknown, Seed SaaS, Manufacturing, Information Technology $4.8M–$24M
RunwayFBU
VC Fund
3 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $538k–$6.2M
Valinor AS
VC Fund
3 Norway, United Kingdom Seed, Series A Energy, Robotics, Software $1.8M–$3.1M
Trond Riiber Knudsen
Angel
3 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $300k–$3.5M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Sandwater
VC Fund
3 Norway, Germany, France Series A, Seed AgTech, Medical, Agriculture $8.5M–$24M
TRUMPF Venture
VC Fund
3 Germany, Switzerland, United States Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $2.2M–$70M
Voima Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $464k–$30M
Bakken & Baeck
VC Fund
2 Norway Seed, Angel Chemical, Software, Life Science
Alliance VC
VC Fund
2 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Nysnø
VC Fund
2 Norway, United Kingdom Venture - Series Unknown, Series A Robotics, Software, Manufacturing $5M–$106M
Dawn Capital
VC Fund
2 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology $3M–$101M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Sennheiser
VC Fund
2 Norway Venture - Series Unknown Manufacturing, Information Technology $7.6M–$7.6M
Momentum
VC Fund
2 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $401k–$18M
CoFounder
VC Fund
2 Norway Seed, Series A Industrial, Manufacturing, SaaS $956k–$2.3M
Farvatn Venture
VC Fund
2 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$7.5M
Wiski Capital
VC Fund
1 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$8.3M
Viking Growth
VC Fund
1 Norway, Sweden, Denmark Private Equity, Series A Software, Information Technology, SaaS $5M–$19M
Tiger Global Management
VC Fund
1 United States, India, China Series B, Series A, Series C Software, FinTech, Financial Services $9M–$284M
OpenAI Startup Fund
VC Fund
1 United States, Norway Seed, Series A, Series B Artificial Intelligence, Software, Machine Learning $3.5M–$400M
New Age Ventures
VC Fund
1 United States, Canada, Israel Seed, Pre-Seed, Series A Health Care, Medical, Medical Device $50k–$10M
The Nordic Web Ventures
VC Fund
1 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, SaaS, Artificial Intelligence $233k–$5M
The Index Project
VC Fund
1 United States, Denmark, Chile Seed, Series A, Series B Chemical, Artificial Intelligence, SaaS $1.1M–$3M
Per Lachenmeier
Angel
1 Norway Pre-Seed Robotics, Software, Industrial Automation
Golar LNG Partners
VC Fund
1 Norway Energy, Industrial, Renewable Energy
Nordic Impact
VC Fund
1 Norway Seed Chemical, Life Science, Visual Search
Industrifonden
VC Fund
1 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology
Standard Lithium
VC Fund
1 Norway Energy, Industrial, Renewable Energy
Snorre Larsen
Angel
1 Norway Pre-Seed Manufacturing, Industrial Automation, Machinery Manufacturing
Statkraft Ventures
VC Fund
1 Norway, France, Germany Series A, Series B Renewable Energy, Energy, Software
Norselab
VC Fund
1 Norway, Switzerland, United States Seed, Series A Software, SaaS, Agriculture
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
Access all 195 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

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: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 2215
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • 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.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 8 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:Series A, Seed
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 123
  • Round size: Seed $400k–$3.6M; Series A $2M–$25M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2011

Portfolio highlights

  • Sonair — 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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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 $1.6M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $51M 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, Series A
  • Geography: Norway, United States, India

Investor stats

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

Portfolio highlights

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

Investor stats

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

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 3 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: 9
  • Round size: Seed $1.8M–$3.1M
  • Lead/follow: 44% lead, 56% 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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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: 19
  • Round size: Seed $320k–$3.5M; Angel $300k–$933k; Pre-Seed $672k–$1.8M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Soolv — Automated screening that reads every application, surfaces real potential early, and gives you a consistent shortlist in minutes
  • 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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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: 81
  • Round size: Seed $767k–$6.2M; Pre-Seed $165k–$1.6M; Series A $5.3M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $35M 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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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: AgTech, Medical, Agriculture
  • Stage:Series A, Seed
  • Geography: Norway, Germany, France

Investor stats

  • Total investments: 24
  • Round size: Series A $8.5M–$24M
  • 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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Access 48,091 investors

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

Browse database — It's Free!
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 $2.2M–$3.4M; Series A $4.1M–$12M; Series B $4.3M–$70M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $47M 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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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Enifer — Enifer Bio is an expert at squeezing every last drop of value from biorefining operations. The solution is built on decades of Finnish expertise to allow the production of valuable protein-rich feed from streams previously considered worthless. The company has developed a new, sustainable production process for high-quality fish feed raw material.The company's method enables the efficient production of a single cell protein from fish by-products as a raw material for fish feed. The protein can replace soy, which is commonly used in fish feed and whose cultivation poses ecological challenges, such as deforestation in South America.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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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 — Augment expert knowledge by unifying complex enterprise data to empower next-gen AI agents & applications
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Manufacturing startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 84
  • Round size: Seed $1.3M–$5M; Pre-Seed $970k–$4M; Series A $1.8M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Newcode.ai
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Manufacturing startups, 8 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
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Series A $5M–$40M; Venture - Series Unknown $10M–$106M
  • 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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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: 145
  • Round size: Series A $3M–$39M; Series B $9.8M–$66M; Series C $10M–$101M
  • Lead/follow: 45% lead, 55% 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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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: 89
  • Round size: Seed $275k–$2.1M; Pre-Seed $110k–$4.3M
  • Lead/follow: 42% lead, 58% follow

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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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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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: 16
  • Round size: Seed $401k–$4.2M; Series A $8M–$18M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • 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
  • 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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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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Farvatn Venture
VC Fund · 2 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: 59
  • Round size: Seed $1M–$7.5M; 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.
  • 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.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Manufacturing startups

Venture capital firm focused on tech startups.

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Investment focus

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

Investor stats

  • Total investments: 11
  • Round size: Seed $740k–$8.3M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • 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.
  • Cubit — No more old-school and time consuming applications made in the 90s. Welcome to the new generation of professional software, as user-friendly and smooth as your smartphone.
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Viking Growth
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 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:Private Equity, Series A
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 29
  • Round size: Series A $5M–$8.3M; Private Equity $12M–$19M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • TimeLog
  • EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
  • Ørn Software — Ørn Software develops digital solutions that give you a full overview of all business-critical processes in your own business. Its solutions ensure efficient operation, better collaboration, and help you save time, environment and money.
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Tiger Global Management
VC Fund · New York, New York, United States · 1 investments in Norway Manufacturing startups

Founded in 2001, Tiger Global Management, LLC (“Tiger Global”) is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global’s public equity business includes fundamentally oriented long/short, long-focused and crossoverstrategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets. The Firm’s mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, China

Investor stats

  • Total investments: 1234
  • Round size: Series A $9M–$54M; Series B $20M–$130M; Series C $30M–$284M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $2.2B in 2024

Portfolio highlights

  • Kavak — KAVAK is an innovative company in the automotive industry that helps people acquire their own car, offering a wide range of guaranteed and certified cars.
  • StrongDM — Manage access to any server, database, or Kubernetes instance in minutes. Fully auditable, replayable, secure, and drag-and-drop easy.
  • OfBusiness — Get latest raw materials prices, news and instant quotes for 500+ Categories across Steel, Aluminium, Agri and more
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OpenAI Startup Fund
VC Fund · San Francisco, California, United States · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 49
  • Round size: Seed $3.5M–$10M; Series A $12M–$400M; Series B $20M–$81M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Kick — Daily bookkeeping for the modern business owner. Minimize your audit risk and only pay when you save. Join now and get your first $5,000 in Savings Credits.
  • Harvey — Harvey is an artificial intelligence technology service provider.
  • Adaptive Security — Adaptive's next-generation security training and simulations protect businesses from deepfakes, generative AI phishing, SMS attacks, voice phishing, and more emerging threats.
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New Age Ventures
VC Fund · New York, New York, United States · 1 investments in Norway Manufacturing startups

New Age Ventures

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 30
  • Round size: Seed $350k–$2.6M; Pre-Seed $50k–$100k; Series A $7.7M–$10M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Goodhood — Nikmati resep makanan enak dan praktis di ASIA128. Temani waktu chill sambil nge-game dengan camilan lezat yang mudah dibuat di rumah
  • FEMSelect — More than half of women over 50 are living with Pelvic Organ Prolapse. Learn about EnPlace, the minimally invasive approach to Pelvic Organ Prolapse.
  • Opterion Health — Opterion Health is focused to bring innovation to dialysis care and foster home dialysis to improve the quality of life for patients as well as their loved ones and to possibly increase the survival rates of people who suffer from end-stage renal disease (ESRD).
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The Nordic Web Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Manufacturing startups

The Nordic Web Ventures is an Angel Fund run by Neil S W Murray, backed by 50+ community builders, entrepreneurs and investors passionate about supporting early-stage Nordic startups.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 22
  • Round size: Seed $250k–$5M; Angel $300k–$373k; Pre-Seed $233k–$1.1M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.5M in 2019

Portfolio highlights

  • Midio — Midio is a new programming language that is currently being developed. It enables you to visually make sense of data complexity, work considerably faster, and create incredible things with coders and non-developers equally.
  • All Gravy — Butter gives you happier employees, by reducing their financial stress and giving them an understanding of their salary and financial situation
  • Paraglide AI — Paraglide AI agents handle your financial inbox, automatically reply to invoice inquiries from clients, pursue past-due invoice payments, and customize collections at scale.
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The Index Project
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Per Lachenmeier is CEO of EasyRobotics. He is a mechanical engineer and was previously the CEO of Lachenmeier ApS for 16 years. Lachenmeier ApS, is a world leader in the production of pallet packaging machines for the global market.

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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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Golar LNG Partners
VC Fund · Hamilton, Hamilton, Bermuda · 1 investments in Norway Manufacturing startups

Golar LNG Partners owns floating storage and regasification units and liquefied natural gas carriers. Golar LNG Partners are a growth-oriented limited partnership formed by Golar LNG Limited (NasdaqGS: GLNG; OSE: GOL) to own and operate floating storage and regasification units (or FSRUs) and LNG carriers under long-term charters, which they defineas charters of five years or more. They intend to leverage the relationships, expertise, and reputation of Golar, a leading independent owner, and operator of FSRUs and LNG carriers, to pursue growth opportunities in these areas. While they intend to operate their assets under long-term charters with stable cash flows, Golar intends to focus primarily on FSRU and LNG project development, LNG trading and LNG transportation, storage, and regasification activities with contract terms and associated cash flows that are more short-term and/or variable in nature.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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Nordic Impact
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Iris.ai — Augment expert knowledge by unifying complex enterprise data to empower next-gen AI agents & applications
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Manufacturing startups, 7 in the past 12 months

Industrifonden is a Nordic evergreen venture capital firm with a fund size of $600m, that focuses on early-stage technology and life science companies with international potential. The company works long term with the entrepreneurs we invest in, and have a strong track record of building game changing companies. Industrifonden-backed companiesinclude tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Series A, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 165
  • Lead/follow: no public data

Portfolio highlights

  • Fibbl — Fibbl is the world's first cost-effective end-to-end solution for 3D and AR focused visual marketing. Integrate 3D & AR into e-commerce and marketing in minutes.Fibbl have industrialized the process of producing photorealistic 3D models for consumer products from global brands. Fibbl has the world's largest 3D model database forconsumer products.Learn more - https://www.fibbl.com/
  • Gårdsfisk — Gårdsfisk is a company managing fishing farms. Gårdsfisks develops a new method for fish farming on land. The cultivation takes place in large pools in a closed system, where the nutrient residual water can be reused as fertilizer on the fields.
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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Standard Lithium
VC Fund · Vancouver, British Columbia, Canada · 1 investments in Norway Manufacturing startups

Standard Lithium is a leading near-commercial lithium company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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Snorre Larsen
Angel · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

Snorre Larsen

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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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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 1 investments in Norway Manufacturing startups

Statkraft Ventures is a long-term partner for entrepreneurs disrupting the energy sector.

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Investment focus

  • Industry: Renewable Energy, Energy, Software
  • Stage:Series A, Series B
  • Geography: Norway, France, Germany

Investor stats

  • Total investments: 44
  • Lead/follow: no public data

Portfolio highlights

  • Wakeo — Wakeo provides real time tracking on door-to-door multimodal transport flows including sea, air, rail and road freight. Discover the real-time visibility platform to manage disruptions, drive performance and collaboration and transform your business.
  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
  • Aira — Aira operates as a clean energy-tech company.
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Norselab
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

Norselab is a leading European impact investment house. We are dedicated to proving that impact is the future of investing across asset classes.

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Investment focus

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

Investor stats

  • Total investments: 16
  • 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.
  • Beefutures — Rooted in the beekeeping legacy and driven by expert engineering, Beefutures delivers accessible nature-based solutions to power a more sustainable world.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
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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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Manufacturing Investor funding in Norway at a glance

Stats across 174 deals from 195 investors.

195
investors
in Norway Manufacturing startups
174
deals
in Norway Manufacturing startups
$8.6M
median round
in Norway Manufacturing startups
45%
lead investors
lead at least one round
13%
Grant
most common funding stage
89/11
VC / Angel
share of investor count

Access all 195 investors in Norway Manufacturing startups.

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