Top 50 Manufacturing VC Funds & Investors in Norway (October 2026)
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| 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 |
|
Farvatn Venture
VC Fund
|
4 | Norway, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, Health Care | $120k–$8M |
|
Skagerak Capital
VC Fund
|
4 | Norway, Sweden | Series A, Venture - Series Unknown, Seed | SaaS, Manufacturing, Information Technology | $4.8M–$24M |
|
ProVenture
VC Fund
|
4 | Norway, United States, India | Seed, Venture - Series Unknown | Software, Oil and Gas, Information Technology | $754k–$4M |
|
Valinor AS
VC Fund
|
4 | Norway, United Kingdom | Seed, Series A | Energy, Robotics, Software | $1.8M–$3.1M |
|
TRUMPF Venture
VC Fund
|
3 | Germany, Switzerland, United States | Series A, Series B, Seed | Manufacturing, Software, Artificial Intelligence | $1.9M–$70M |
|
Viking Growth
VC Fund
|
3 | Norway, Sweden, Denmark | Venture - Series Unknown, Private Equity | Software, Information Technology, SaaS | $3M–$26M |
|
Alliance VC
VC Fund
|
3 | Norway, United States, Sweden | Seed, Series A, Pre-Seed | Software, Information Technology, Artificial Intelligence | $970k–$19M |
|
Superangel
VC Fund
|
3 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology | $170k–$20M |
|
Sandwater
VC Fund
|
3 | Norway, Germany, Finland | Series A, Venture - Series Unknown, Series B | Manufacturing, Medical, AgTech | $4.7M–$35M |
|
RunwayFBU
VC Fund
|
3 | Norway, Italy, Sweden | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology | $538k–$17M |
|
Bakken & Baeck
VC Fund
|
2 | Norway | Seed, Angel | Chemical, Software, Life Science | |
|
Nysnø
VC Fund
|
2 | Norway, United Kingdom | Venture - Series Unknown, Series A, Seed | Robotics, Software, Manufacturing | $4M–$74M |
|
CoFounder
VC Fund
|
2 | Norway | Seed, Series A | Industrial, Manufacturing, SaaS | $956k–$2.3M |
|
Shell Ventures
VC Fund
|
2 | United States, United Kingdom, India | Series A, Series B, Venture - Series Unknown | Energy, Renewable Energy, Software | $2.8M–$126M |
|
Sennheiser
VC Fund
|
2 | Norway | Venture - Series Unknown | Manufacturing, Information Technology | $7.6M–$7.6M |
|
Voima Ventures
VC Fund
|
2 | Finland, Sweden, Norway | Seed, Pre-Seed, Series A | Biotechnology, Health Care, Artificial Intelligence | $464k–$30M |
|
Accel
VC Fund
|
2 | United States, India, United Kingdom | Series A, Series B, Seed | Software, Artificial Intelligence, SaaS | $1.4M–$75M |
|
Klaveness Marine
VC Fund
|
2 | Norway | Venture - Series Unknown | Manufacturing, Boating, CleanTech | $7.7M–$10M |
|
Dawn Capital
VC Fund
|
2 | United Kingdom, United States, Denmark | Series A, Series B, Series C | Software, SaaS, Information Technology | $3M–$101M |
|
ConocoPhillips Technology Ventures
VC Fund
|
2 | United States, Norway | Series A, Venture - Series Unknown | Oil and Gas, Manufacturing, Analytics | $10M–$10M |
|
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, Venture - Series Unknown, Series A | Software, Renewable Energy, Energy | $401k–$18M |
|
Butterfly Ventures
VC Fund
|
2 | Finland, Sweden, Norway | Seed, Pre-Seed | Software, Health Care, Information Technology | $110k–$4.3M |
|
BIzCap
VC Fund
|
1 | United States, Norway | Debt Financing, Corporate Round, Seed | Manufacturing, Organic Food, Food and Beverage | $1.4M–$30M |
|
Statkraft Ventures
VC Fund
|
1 | Norway, France, Germany | Series A, Series B | Renewable Energy, Energy, Software | |
|
Yara Growth Ventures
VC Fund
|
1 | Norway, United States, India | Series B, Series A, Seed | AgTech, Agriculture, Financial Services | |
|
Momentum Partners
VC Fund
|
1 | Norway | AgTech, Agriculture, Internet of Things | ||
|
Lyse Group
VC Fund
|
1 | Norway | Seed | SaaS, Water, Analytics | |
|
BioInnovation Institute
VC Fund
|
1 | Denmark, Germany, Switzerland | Convertible Note, Pre-Seed, Seed | Biotechnology, Medical, Health Care | $495k–$5.2M |
|
Standard Lithium
VC Fund
|
1 | Norway | Energy, Industrial, Renewable Energy | ||
|
New Age Ventures
VC Fund
|
1 | United States, Canada, Israel | Seed, Pre-Seed, Series A | Health Care, Medical, Medical Device | $50k–$10M |
|
Wiski Capital
VC Fund
|
1 | Norway, Sweden | Seed, Venture - Series Unknown, Pre-Seed | Software, Energy, Renewable Energy | $740k–$8.3M |
|
Industrifonden
VC Fund
|
1 | Sweden, United States, Denmark | Series A, Venture - Series Unknown | Biotechnology, Software, Information Technology | $2.5M–$21M |
|
Lionheart Ventures
VC Fund
|
1 | United States, United Kingdom, Germany | Seed, Series A | Health Care, Biotechnology, Wellness | $25k–$46M |
|
TD Veen
VC Fund
|
1 | Norway, United Kingdom, Germany | Seed, Series A | Software, Internet, Video Streaming | |
|
Almi Företagspartner AB
VC Fund
|
1 | Sweden, Norway | Debt Financing, Post-IPO Debt, Grant | Fuel, SaaS, AgTech | $290k–$1.4M |
|
NATO Innovation Fund
VC Fund
|
1 | United Kingdom, Germany, Norway | Series A, Seed | Manufacturing, Aerospace, Robotics | $5.6M–$35M |
|
Expansion Capital
VC Fund
|
1 | Latvia, United States, Norway | Seed, Debt Financing | Manufacturing, Logistics, Transportation | $125k–$713k |
|
Harbert Management Corporation
VC Fund
|
1 | United States, United Kingdom, France | Series A, Private Equity, Series C | Medical, Software, Advertising | $3.4M–$16M |
|
MP Pensjon
VC Fund
|
1 | Norway, Sweden, United States | Seed, Series A | Software, Information Technology, SaaS | $500k–$9M |
|
Type One Ventures
VC Fund
|
1 | United States, United Kingdom, Canada | Seed, Series A, Pre-Seed | Artificial Intelligence, Space Travel, Aerospace | $1.8M–$40M |
|
SEB Pension Fund
VC Fund
|
1 | Norway, Sweden, Lithuania | Debt Financing, Venture - Series Unknown | Retail, Printing, Logistics | $20M–$240M |
|
Azolla Ventures
VC Fund
|
1 | United States, Norway, New Zealand | Seed, Pre-Seed, Series A | Energy, Biotechnology, Environmental Engineering | $600k–$15M |
|
Tiger Global Management
VC Fund
|
1 | United States, India, China | Series B, Series A, Series C | Software, FinTech, Artificial Intelligence | $6.5M–$255M |
|
The Nordic Web Ventures
VC Fund
|
1 | Denmark, Norway, Sweden | Pre-Seed, Seed, Angel | Software, Artificial Intelligence, SaaS | $250k–$5M |
|
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 |
| Access all 189 VC funds in Norway Manufacturing startups. | |||||
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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.
Show more...Investment focus
- Industry: Software, Biotechnology, Manufacturing
- Stage:Venture - Series Unknown, Series A
- Geography: Norway, United States, Sweden
Investor stats
- Total investments: 133
- Round size: Series A $2.3M–$25M; Venture - Series Unknown $2M–$19M
- Lead/follow: 51% lead, 49% follow
- Last fund: May invest from a new fund soon — raised $274M in 2011
Portfolio highlights
- Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
- Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
- Muybridge — Reimagining cameras with weightless software-based viewpoint
Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Pre-Seed, Seed, Series A
- Geography: United States, Singapore, Australia
Investor stats
- Total investments: 2387
- Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
- Lead/follow: 43% lead, 57% follow
- Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026
Portfolio highlights
- iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
- Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
- Plouton AI —
We commercialize technology created by SINTEF's research environments
Show more...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 — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
- 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.
Planet 9 Venture supports startups and work with venture funds to make a positive imprint on the world.
Show more...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.
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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- 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 — Norwegian optical MEMS sensor company. SBM140B: 84 dBA SNR, 146 dB AOP and 136 dB dynamic range in a digital MEMS microphone.
- Nanopower Semiconductor — Hompage Nanopower Semiconductor
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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- 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 — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
- 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.
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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- 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.
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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- 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 — Norwegian optical MEMS sensor company. SBM140B: 84 dBA SNR, 146 dB AOP and 136 dB dynamic range in a digital MEMS microphone.
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.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Venture - Series Unknown, Private Equity
- Geography: Norway, Sweden, Denmark
Investor stats
- Total investments: 47
- Round size: Private Equity $12M–$19M; Venture - Series Unknown $3M–$26M
- Lead/follow: 62% lead, 38% follow
- Last fund: May invest from a new fund soon — raised $72M in 2021
Portfolio highlights
- Ocius-X — Ocius-X provides construction management software for internet service providers and contractors to gather field data, track progress, and generate documentation for fiber network deployment.
- EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
- Checkproof — CheckProof is the ideal tool for digitizing your work with preventive maintenance, quality and health & safety. Let’s secure value. Digitally.
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.
Show more...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. Spiich preps your meetings, updates your CRM and drafts follow-ups. Reps save 9+ hours every week.
- 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.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io
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- 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.
We are Sandwater. Regeneration of our resources. Vitalizing healthcare & education. Improving life through technology.
Show more...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.
RunwayFBU connects founders, industry, and capital to turn hard industrial problems into scalable companies.
Show more...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: May invest from a new fund soon — raised $33M in 2021
Portfolio highlights
- Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
- 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.
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.
Show more...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.
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.
Show more...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.
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.
Show more...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.
Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.
Show more...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.
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.
Show more...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 — Norwegian optical MEMS sensor company. SBM140B: 84 dBA SNR, 146 dB AOP and 136 dB dynamic range in a digital MEMS microphone.
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.
Show more...Investment focus
- Industry: Biotechnology, Health Care, Artificial Intelligence
- Stage:Seed, Pre-Seed, Series A
- Geography: Finland, Sweden, Norway
Investor stats
- Total investments: 62
- Round size: Seed $1M–$5.9M; Pre-Seed $464k–$2.1M; Series A $3.9M–$30M
- Lead/follow: 65% lead, 35% 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.
- Aventix — Aventix is a bioanalytics/life-science instrumentation company that develops sensor-based laboratory tools.
First partner to exceptional teams everywhere
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- Industry: Software, Artificial Intelligence, SaaS
- Stage:Series A, Series B, Seed
- Geography: United States, India, United Kingdom
Investor stats
- Total investments: 2506
- Round size: Seed $1.4M–$10M; Series A $4.3M–$40M; Series B $9.5M–$75M
- Lead/follow: 44% lead, 56% follow
- Last fund: Likely actively investing — fresh fund, raised $750M in 2026
Portfolio highlights
- Discord — Discord is the easiest way to talk over voice, video, and text. Talk, chat, hang out, and stay close with your friends and communities.
- Vectra AI — Vectra AI delivers AI-native security and observability across network, identity, cloud, SaaS, and AI environments to reduce exposure, accelerate response, and strengthen cyber resilience.
- 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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Browse database — It's Free!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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- 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.
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-lowering barriers 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.
Show more...Investment focus
- Industry: Software, SaaS, Information Technology
- Stage:Series A, Series B, Series C
- Geography: United Kingdom, United States, Denmark
Investor stats
- Total investments: 155
- Round size: Series A $3M–$39M; Series B $15M–$61M; Series C $15M–$101M
- Lead/follow: 43% lead, 57% 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!
Implementing emerging technologies in our operating assets and exploration efforts has enabled us to realize improvements in various activities.
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- 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.
EISMEA is an executive agency of the European Commission that implements European Union programs supporting innovation, small and medium-sized enterprises, and the Single Market. The agency manages the European Innovation Council and European Innovation Ecosystems programs under Horizon Europe. It also implements the SME component of the Single Market Programme and the Interregional Innovation Investments instrument. EISMEA provides funding and support for innovators, researchers, businesses, regions, and other organizations through grants, procurement, investment, and advisory programs. Its activities cover innovation development, SME competitiveness, entrepreneurship, market access, consumer policy, standardization, and interregional innovation. The agency also supports the implementation of EU policies and programs related to innovation ecosystems and economic development.
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- Industry: Manufacturing, Software, Biotechnology
- Stage:Grant, Venture - Series Unknown, Seed
- Geography: Spain, Italy, United Kingdom
Investor stats
- Total investments: 3546
- Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
- Lead/follow: 30% lead, 70% 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.
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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- 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.
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 companies all 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.
Show more...Investment focus
- Industry: Software, Renewable Energy, Energy
- Stage:Seed, Venture - Series Unknown, Series A
- Geography: Norway, Finland, United Kingdom
Investor stats
- Total investments: 18
- Round size: Seed $401k–$4.2M; Series A $8M–$18M; Venture - Series Unknown $1.2M–$10M
- Lead/follow: 39% lead, 61% 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.
- Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
- 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.
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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- 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.
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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- Industry: Manufacturing, Organic Food, Food and Beverage
- Stage:Debt Financing, Corporate Round, Seed
- Geography: United States, Norway
Investor stats
- Total investments: 10
- Round size: Debt Financing $1.4M–$30M
- Lead/follow: 90% lead, 10% follow
Portfolio highlights
- Conexwest — Conexwest is a leading supplier of standard and modified storage containers.
- 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.
- Gehr Industries — Gehr Industries consists of three divisions that engage in the manufacturing and distribution of lighting systems, industrial supplies.
Statkraft Ventures is a long-term partner for entrepreneurs disrupting the energy sector.
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- 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.
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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- 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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Browse database — It's Free!The Premier Trusted Advisor to the Global Cybersecurity Industry and Only Investment Bank Exclusively Focused on Cybersecurity.
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- 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.
Lyse er et norsk industrikonsern med virksomhet innen energi, telekommunikasjon og infrastruktur.
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- 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%.
BioInnovation Institute is a biotechnology startup that offers entrepreneurs and researchers in life science. Early-stage life science start-ups are supported with up to 10 million DKK in funding, business acceleration, network, labs, and office space. It helps to early-stage start-ups within human health and planetary health. The startup's mission is to use its knowledge, network, funding, and infrastructure to incubate world-class life science and catalyze the commercialization of new solutions through start-ups. BioInnovation Institute was founded in 2018 and is based in Denmark.
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- Industry: Biotechnology, Medical, Health Care
- Stage:Convertible Note, Pre-Seed, Seed
- Geography: Denmark, Germany, Switzerland
Investor stats
- Total investments: 93
- Round size: Seed $532k–$1.8M; Pre-Seed $530k–$5.2M; Convertible Note $495k–$1.6M
- Lead/follow: 92% lead, 8% follow
Portfolio highlights
- Visibuilt — Visibuilt develops sustainable, bio-based asphalt binders made from mycelium. Replace fossil bitumen with visiBIT.
- Agrobiomics — Agrobiomics is a danish Agritech start-up, harnessing the power of soil bacteria and their metabolites as new biostimulants to help crops cope with abiotic stress such as drought.
- metaLead Therapeutics — metaLead Therapeutics is to develop this peptide as a next-generation Pb poisoning treatment.
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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- 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
New Age Ventures
Show more...Investment focus
- Industry: Health Care, Medical, Medical Device
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Canada, Israel
Investor stats
- Total investments: 32
- Round size: Seed $350k–$2.6M; Pre-Seed $50k–$100k; Series A $7.7M–$10M
- Lead/follow: 19% lead, 81% 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 is pioneering a non-glucose based dialysis solution designed to make treatment safer, longer-lasting, and more personalized.
Venture capital firm focused on tech startups.
Show more...Investment focus
- Industry: Software, Energy, Renewable Energy
- Stage:Seed, Venture - Series Unknown, Pre-Seed
- Geography: Norway, Sweden
Investor stats
- Total investments: 11
- Round size: Seed $740k–$8.3M; Venture - Series Unknown $1.1M–$3.5M
- 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.
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 companies include tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.
Show more...Investment focus
- Industry: Biotechnology, Software, Information Technology
- Stage:Series A, Venture - Series Unknown
- Geography: Sweden, United States, Denmark
Investor stats
- Total investments: 205
- Round size: Series A $3.3M–$21M; Venture - Series Unknown $2.5M–$20M
- Lead/follow: 40% lead, 60% follow
Portfolio highlights
- Yangi — Yangi is a provider of environmentally friendly packaging solutions.
- Fibbl — Enhance your e-commerce store with high-quality 3D product visualization for footwear. Scale 3D, AR, and virtual try-on experiences to boost engagement and conversions.
- Fishbrain — Join over 14 million anglers using Fishbrain. Fishbrain is the world's #1 fishing app for finding fishing spots, forecasts, socializing, logging catches & more. Fish smarter with Fishbrain.
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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- Industry: Health Care, Biotechnology, Wellness
- Stage:Seed, Series A
- Geography: United States, United Kingdom, Germany
Investor stats
- Total investments: 39
- Round size: Seed $1.6M–$11M; Series A $25k–$46M
- Lead/follow: 3% lead, 97% follow
- Last fund: Likely still investing — fund raised in 2024
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.
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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- 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
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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- Industry: Fuel, SaaS, AgTech
- Stage:Debt Financing, Post-IPO Debt, Grant
- Geography: Sweden, Norway
Investor stats
- Total investments: 6
- Round size: Post-IPO Debt $290k–$1.1M; Debt Financing $390k–$1.4M
- Lead/follow: 50% lead, 50% follow
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.
- Serstech — Serstech has developed technologies that can help clients such as police, rescue, customs and defense officers quickly and easily identify powders, pills and fluids. They can also improve logistics and quality in industrial processes.
- Klimator AB — Klimator AB is a knowledge based company linked to the University of Gothenburg. The company has been working with consultancy work within applied climatology. Our goal is to provide increased knowledge in this field for our customers. The company is focuses on projects within traffic safety, climate mapping and forecasting of road conditions.It works both in Sweden and internationally with the development of new solutions for road climate monitoring, intelligent transport solutions using ITS and projects related to an increased energy efficiency and sustainability. It also works in the field of urban design with special focus on comfort climate, wind issues and environmental factors.
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Browse database — It's Free!The NATO Innovation Fund (NIF) was created to supercharge the Alliance’s unique innovation ecosystems. Allied talent and research in Science, Technology, Engineering, and Mathematics (STEM) are world-leading, but the market to support deep tech innovation is underfunded. With the NIF, the fund is creating a commercialization machine in both theprivate and public sectors, backing innovators to secure the future for the Alliance's 1 billion citizens.
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- Industry: Manufacturing, Aerospace, Robotics
- Stage:Series A, Seed
- Geography: United Kingdom, Germany, Norway
Investor stats
- Total investments: 29
- Round size: Seed $5.6M–$15M; Series A $15M–$35M
- Lead/follow: 72% lead, 28% follow
Portfolio highlights
- STARK — EUROPEAN DEFENCE SOVEREIGNTY
- Kreios Space — Kreios Space is developing an electric propulsion system to revolutionize the satellite industry. With this technology we enable orbital keeping in VLEO (Very Low Earth Orbits) thanks to renewable energy. We make space applications easier.
- Portal Biotech — Portal has created next generation solutions that address the significant opportunities in protein sequencing and metabolomics
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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- Industry: Manufacturing, Logistics, Transportation
- Stage:Seed, Debt Financing
- Geography: Latvia, United States, Norway
Investor stats
- Total investments: 40
- Round size: Seed $200k–$713k; Debt Financing $125k–$246k
- Lead/follow: 80% lead, 20% follow
Portfolio highlights
- Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
- Willow Wealth — 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
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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- 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.
MP Pensjon er pensjonskasse for TINE SA og norske datterselskaper. God og langsiktig forvaltning sikrer din pensjon.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: Norway, Sweden, United States
Investor stats
- Total investments: 22
- Round size: Seed $500k–$5.5M; Series A $4.8M–$9M
- Lead/follow: 5% lead, 95% follow
Portfolio highlights
- Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
- Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
- Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
Type One Ventures Invests in Seed and Series A start ups building the technology, infrastructure, and services that will be intergral as we progress towards a Type I Civilization.
Show more...Investment focus
- Industry: Artificial Intelligence, Space Travel, Aerospace
- Stage:Seed, Series A, Pre-Seed
- Geography: United States, United Kingdom, Canada
Investor stats
- Total investments: 54
- Round size: Seed $2.2M–$20M; Pre-Seed $1.8M–$11M; Series A $7M–$40M
- Lead/follow: 17% lead, 83% follow
- Last fund: Likely actively investing — fresh fund, raised $108k in 2026
Portfolio highlights
- Axiom Space — Creating a thriving home in space that benefits every human, everywhere.
- Lunar Outpost — Lunar Outpost is redefining our relationship with the Moon and space by building the robotic infrastructure for future exploration and commerce. Our mission: make the Moon accessible, sustainable, and open for innovation.
- Foundational — Foundational is a startup focused on satellite laser ranging (SLR) automation.
SEB Pension Fund
Show more...Investment focus
- Industry: Retail, Printing, Logistics
- Stage:Debt Financing, Venture - Series Unknown
- Geography: Norway, Sweden, Lithuania
Investor stats
- Total investments: 4
- Round size: Venture - Series Unknown $20M–$240M
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Gelato — Create and sell custom products online. With local production in 32 countries, easy integration, and 24/7 customer support, Gelato is an all-in-one platform.
- Kauno Grudai — Kauno Grudai is a food product manufacturing company that specializes in crop production, flour products, and fast-food businesses.
- SmartCella — SmartCella is an innovative biotechnology and medtech company. Sweden. SmartCella’s therapeutic mission is to develop treatments for patients running out of options. The company has three main business units, Procella Therapeutics, Smartwise and SvedMed Solutions.
Azolla Ventures invests in breakthroughs that could avert catastrophic climate change. We partner with visionary founders for solutions.
Show more...Investment focus
- Industry: Energy, Biotechnology, Environmental Engineering
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Norway, New Zealand
Investor stats
- Total investments: 19
- Round size: Seed $3M–$12M; Pre-Seed $600k–$4.3M; Series A $6.8M–$15M
- Lead/follow: 53% lead, 47% follow
- Last fund: Likely still investing — raised $80M in 2021
Portfolio highlights
- Scalvy — Scalvy is a distributed power delivery company that develops modular power electronics and energy systems that enable distributed power delivery for applications such as data centers, energy storage, and electric mobility. The company replaces traditional centralized power architectures with a distributed system of “power neurons,” which convertand manage electricity closer to the point of use, improving efficiency, scalability, and system reliability. Its platform is built on software-defined, modular components that can be scaled across different power levels and use cases, allowing flexible deployment in high-demand environments. These systems support high-voltage output ranges and deliver high power density while reducing the physical footprint and complexity of conventional power infrastructure.
- Eqon — Revolutionary heat management with up to 80% lower consumption. EQON provides smart solutions for energy, smart cities, and offshore.
- FAST Metals — FAST Metals is focused on developing innovative methods for the recovery and production of a range of valuable metals, including iron, aluminum, scandium, titanium, and rare earth elements.
Tiger Global Management is an investment firm focusing on both public and private equity. It invests in global companies leveraging technological innovation. Its public equity business includes long/short and growth strategies, while its private equity business targets early to late-stage companies across various industries. Tiger Global's approach centers on identifying high-quality growth opportunities, working with portfolio companies across their lifecycle.
Show more...Investment focus
- Industry: Software, FinTech, Artificial Intelligence
- Stage:Series B, Series A, Series C
- Geography: United States, India, China
Investor stats
- Total investments: 1419
- Round size: Series A $6.5M–$54M; Series B $20M–$125M; Series C $30M–$255M
- Lead/follow: 58% lead, 42% follow
- Last fund: Likely actively investing — fund raised in 2025
Portfolio highlights
- ICON — ICON designs and builds architecture for humanity while creating technology to help builders work better, faster, and at lower cost. Discover more!
- Vecna Robotics — Vecna Robotics is the leading autonomous mobile robot (AMR) company that provides logistics automation and workflow optimization solutions.
- Temporal Technologies — Build invincible apps with Temporal's open source durable execution platform. Eliminate complexity and ship features faster. Talk to an expert today!
Solo GP VC fund backing 50+ Nordic companies generating $400M+ in annual revenue.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, SaaS
- Stage:Pre-Seed, Seed, Angel
- Geography: Denmark, Norway, Sweden
Investor stats
- Total investments: 24
- Round size: Seed $250k–$5M; Angel $300k–$465k; Pre-Seed $250k–$2M
- Lead/follow: 4% lead, 96% follow
- Last fund: Likely actively investing — fresh fund, raised $6M in 2025
Portfolio highlights
- Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
- Aisel Health — Aisel Health provides AI that imitates psychiatrists for psychiatric clinics and hospitals to ensure efficient patient access to care.
- 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.
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.
Show more...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: 260
- Round size: Post-IPO Debt $3.6M–$500M; Debt Financing $4M–$858M; Venture - Series Unknown $6.3M–$40M
- Lead/follow: 30% lead, 70% follow
Portfolio highlights
- East Side Games Group — Leaders in free-to-play mobile games.
- Revolve Renewable Power — Transition to net zero emissions, Revolve is a developer of renewable energy projects in North America focusing on wind, solar and battery storage technologies
- International Test Pilots School — International Test Pilots School (ITPS) offers EASA Approved Test Pilot & Flight Test Engineer courses for military and industry customers.
Manufacturing VC funding in Norway at a glance
Stats across 203 deals from 189 investors.
Access all 189 VC funds in Norway Manufacturing startups.
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