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Top 50 Manufacturing VC Funds & Investors in Norway (June 2026)

The most active venture capital funds 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
6 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $104k–$29M
Investinor
VC Fund
5 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
SINTEF Venture AS
VC Fund
4 Norway, United States, United Kingdom Seed, Pre-Seed Software, Manufacturing, Energy $160k–$5.1M
RunwayFBU
VC Fund
3 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $551k–$6.2M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
ProVenture
VC Fund
3 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$6.6M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.4M
Voima Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$18M
Momentum
VC Fund
2 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $1.6M–$18M
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Robotics, Software, Renewable Energy $1.8M–$2.4M
TRUMPF Venture
VC Fund
2 Germany, Switzerland, United States Series A, Series B Manufacturing, Software, Information Technology $4M–$70M
Dawn Capital
VC Fund
2 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology $3M–$180M
CoFounder
VC Fund
2 Norway Seed, Series A Industrial, Manufacturing, SaaS $821k–$2.3M
Bakken & Baeck
VC Fund
2 Norway Seed, Angel Chemical, Software, Life Science
TD Veen
VC Fund
1 Norway, United Kingdom, Germany Seed, Series A Software, Internet, Video Streaming
Industrifonden
VC Fund
1 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology
ConocoPhillips Technology Ventures
VC Fund
1 Norway, United States Oil and Gas, Manufacturing, Automotive
Lionheart Ventures
VC Fund
1 United States, United Kingdom, Germany Seed, Series A Health Care, Biotechnology, Wellness $25k–$46M
Almi Företagspartner AB
VC Fund
1 Norway, Sweden Post-IPO Debt, Debt Financing Fuel, Industrial, Oil and Gas
BIzCap
VC Fund
1 United States, Norway Debt Financing, Corporate Round, Seed Manufacturing, Organic Food, Food and Beverage $1.4M–$30M
Shell Ventures
VC Fund
1 United States, United Kingdom, India Series A, Series B Energy, Renewable Energy, Software $3M–$126M
Norselab
VC Fund
1 Norway, Switzerland, United States Seed, Series A Software, SaaS, Agriculture $500k–$14M
Skagerak Energi
VC Fund
1 Norway Seed Energy, Battery, Electronics
Viking Venture
VC Fund
1 Norway, United States, United Kingdom Series A, Series B Software, Oil and Gas, Energy $1.4M–$11M
NATO Innovation Fund
VC Fund
1 United Kingdom, Germany, Norway Series A, Seed Manufacturing, Aerospace, Robotics $5.6M–$37M
Accel
VC Fund
1 United States, India, United Kingdom Series A, Series B, Seed Software, SaaS, Information Technology $1.5M–$74M
Alliance VC
VC Fund
1 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics $1.3M–$24M
Capricorn Partners
VC Fund
1 Belgium, United States, The Netherlands Series A, Series B Biotechnology, Software, Health Care $3.3M–$42M
Energy Technology Ventures
VC Fund
1 United States, United Kingdom, Israel Series C, Series A Energy, Oil and Gas, Hardware $14M–$25M
Nordic Impact
VC Fund
1 Norway Seed Chemical, Life Science, Visual Search
Expansion Capital
VC Fund
1 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Logistics, Transportation $125k–$713k
AVG Group
VC Fund
1 Norway, Hong Kong Seed, Post-IPO Equity Genetics, Wellness, Electronics
Chevron Technology Ventures
VC Fund
1 United States, United Kingdom, Canada Series A, Series B Energy, Software, Manufacturing $4.6M–$50M
Grieg Kapital
VC Fund
1 Norway Venture - Series Unknown, Seed Software, SaaS, Robotics $4.2M–$10M
Harbert Management Corporation
VC Fund
1 United States, United Kingdom, France Series A, Private Equity, Series C Medical, Software, Advertising $3.4M–$16M
Green Campus Innovations Oy
VC Fund
1 Finland, Norway Seed, Pre-Seed Manufacturing, Electric Vehicle, Energy
BioInnovation Institute
VC Fund
1 Denmark, Germany, Switzerland Convertible Note, Pre-Seed, Debt Financing Biotechnology, Medical, Health Care $516k–$5.2M
Sandwater
VC Fund
1 Norway, Germany, France Series A, Seed AgTech, Medical, Agriculture $7.7M–$24M
Azolla Ventures
VC Fund
1 United States, Norway, New Zealand Seed, Series A, Pre-Seed Biotechnology, Fuel, Industrial $600k–$15M
Standard Lithium
VC Fund
1 Norway Energy, Industrial, Renewable Energy
The Nordic Web Ventures
VC Fund
1 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, SaaS, Information Technology $233k–$5M
Nysnø
VC Fund
1 Norway, United Kingdom Series A, Series B Renewable Energy, Robotics, Software $5M–$44M
MKS PAMP
VC Fund
1 Norway, United Kingdom Seed Energy, Mining, Recycling
New Age Ventures
VC Fund
1 United States, Israel, Norway Seed, Pre-Seed, Series A Health Care, Medical, Software $50k–$10M
Golar LNG Partners
VC Fund
1 Norway Energy, Industrial, Renewable Energy
The Index Project
VC Fund
1 United States, Denmark, Chile Seed, Series A, Series B Chemical, Artificial Intelligence, SaaS $1.1M–$3M
Wiski Capital
VC Fund
1 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$7.7M
Global Ship Lease
VC Fund
1 Norway Energy, Industrial, Renewable Energy
Gaztransport & Technigaz
VC Fund
1 Norway Manufacturing, Nanotechnology, Test and Measurement
Export Development Canada
VC Fund
1 Canada, United States, United Kingdom Series B, Series A Software, Manufacturing, Renewable Energy $3.5M–$50M
Access all 138 VC funds in Norway Manufacturing startups.

Access 48,091 investors

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

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Investor list

Antler
VC Fund · Singapore, Central Region, Singapore · 6 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: 1204
  • Round size: Seed $196k–$5.8M; Pre-Seed $104k–$1.1M; Series A $4.6M–$29M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Sapyen — We take the fear out of infertility for men. Test for it at home, without stepping out to the hospital and get personalised health recommendations to improve sperm health and increase your chances of conceiving.
  • Superflex — Elevate your workflow with Superflex, the ultimate Figma-to-code solution. Our AI instantly converts Figma and Image designs into pixel-perfect, production-ready code that meets your standards and boosts team efficiency.
  • One Key Access — One Key Access is an interface to the world of couriers to enable 24/7 frictionless deliveries.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 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: 118
  • Round size: Seed $400k–$3.3M; 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 — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 4 investments in Norway Manufacturing startups

We commercialize technology created by SINTEF's research environments

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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 29
  • Round size: Seed $160k–$5.1M; Pre-Seed $373k–$762k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2018

Portfolio highlights

  • Nomono — Capture studio-quality podcasts with immersive 3D audio. Get professional mics, AI editing, and cloud storage in one system. Start your free trial today.
  • 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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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: 27
  • Round size: Seed $971k–$6.2M; Pre-Seed $551k–$2M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • Fortifai — Increase efficiency and oversight on Environmental, Social, & Governance (ESG) topics - reduce implementation costs by up to 80%, and get set up in 30-60 days.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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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: 76
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • ZITICITY — Juragan69 adalah venue slot demo yang dipilih untuk final oleh para juragan di Indonesia karena memiliki fasilitas permainan slot yang lengkap serta pelayanan super ramah dari para customer service di situs ini.
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 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: 37
  • Round size: Seed $744k–$6.6M; Series A $4.9M–$5.6M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
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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: Health Care, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 87
  • Round size: Seed $219k–$2.1M; Pre-Seed $110k–$4.4M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Atium — Clean water is one of the largest future challenges we stand before, and toxic pollutants are a large contributing factor. Heavy metals are some of the most toxic chemicals to human health and it is our goal, through our innovation, to contribute to a world where water treatment is more environmentally friendly and effective. Atium exists to helpensure clean water, for everyone.
  • Reactional Music — Reactional Music is creating a new commercial layer for the global games industry that uses premium, licensed music to drive both user acquisition and player engagement. The company’s technology allows developers and publishers to integrate commercial music at two critical points in the player lifecycle:- Music in User Acquisition – improvingconversion, ROI, and campaign lifespan in playable ads and performance marketing.- Music in Games – increasing retention, session length, and monetization through adaptive, personalized music experiences.Reactional’s platform combines a patented rule-based adaptive music engine, a licensed catalog of more than six million tracks, and an automated rights and royalty system. The technology is already integrated with Unity and Unreal and is deployed across live projects with leading publishers and studios.
  • Popit — Popit makes medication connected with a unique, medical grade solution. It tracks medication use automatically and reminds ONLY if you miss. Developed together with healthcare professionals.
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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: 59
  • Round size: Seed $1M–$5.9M; Pre-Seed $439k–$2.1M; Series A $3.8M–$18M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • Kuva Space — Kuva Space improves life on Earth through daily, space-borne hyperspectral imaging and AI. We offer Earth observation solutions for more sustainable business.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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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: 15
  • Round size: Seed $1.6M–$4.2M; Series A $17M–$18M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Enerin — Enerin reduces energy consumption and costs through our know-how within energy technology and operation of heating and cooling systems, including industrial heat pumps through our products Thermonitor, HoegTemp, WaveClean, Feedwater systems and Niprox water treatment.
  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • Photoncycle — The year-round solar energy system for heating and electricity
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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 2 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: Robotics, Software, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$2.4M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Aivero — The Easiest Path from Camera to Machine Learning. Aivero provides an intuitive platform for real-time video streaming across multiple cameras, enabling effortless data capture from both 2D and 3D sensors
  • 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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Access 48,091 investors

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

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TRUMPF Venture
VC Fund · Ditzingen, Baden-Wurttemberg, Germany · 2 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, Information Technology
  • Stage:Series A, Series B
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 30
  • Round size: Series A $4M–$12M; Series B $4.3M–$70M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $47M in 2016

Portfolio highlights

  • nyris — Our custom search engines make it easy for people to find products, spare parts, and components for industry and eCommerce
  • Quside — Our QRNGs let innovators build advanced solutions for cybersecurity and computation.
  • iThera Medical — iThera Medical offers access to innovative technology and know-how in photonic molecular imaging. The company was founded in 2010, as a spin-off from the Helmholtz Zentrum Muenchen, the German Research Center for Environmental Health (HMGU). Together, they pursue the further development of proprietary MSOT technology for use in preclinical andclinical applications.
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Dawn Capital
VC Fund · London, England, United Kingdom · 2 investments in Norway Manufacturing startups

We are a family of investors, entrepreneurs, strategists and operational specialists, drawn together by our passion for helping B2B founders build category-defining companies.

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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: 139
  • Round size: Series A $3M–$39M; Series B $9.8M–$66M; Series C $15M–$180M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $80M in 2023

Portfolio highlights

  • Harbr — The Harbr data commerce platform powers high-margin data businesses by enabling customized data product design and delivery at scale to drive significant revenue
  • BRYTER — BRYTER is the AI productivity suite for legal work, made actionable through rule-based workflows.
  • Copper — We provide digital asset custody and trading solutions that reduces counterparty risk, boosts capital efficiency and gives institutions control of their crypto.
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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 $821k–$2.3M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Nicoustic — Nicoustic developed accurate, non-intrusive technology for separator-level measurement based on Guided Ultrasonic Waves. Their technique uses guided ultrasonic waves to measure the amounts of solids and liquids using sensors. It is being developed to measure the interface layers between emulsion and foam.Nicoustic's prototype is the outcomeof 20 years of study at the German Fraunhofer IKTS and a response to a challenge put forth by Equinor, the largest energy company in Norway.
  • 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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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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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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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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ConocoPhillips Technology Ventures
VC Fund · Houston, Texas, United States · 1 investments in Norway Manufacturing startups

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

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Investment focus

  • Industry: Oil and Gas, Manufacturing, Automotive
  • Geography: Norway, United States

Investor stats

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

Portfolio highlights

  • Ziebel AS — Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes itpossible to access and visualize the entire well bore in real-time.
  • Modumetal — Modumetal has enabled a revolutionary new class of nanolaminated materials with broad application in structural, corrosion and high temperature performance of coatings, bulk materials and partsModumetal is based on the interaction of different materials at their interfaces. By laminating metals, Modumetal creates a new way to influence materialproperties. By growing metal using low-cost electrochemical methods, Modumetal enables a whole new class of applications of these materials.Modumetal is currently producing nanolaminated alloys for applications in construction, energy and aerospace markets.
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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, 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.
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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:Post-IPO Debt, Debt Financing
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 2
  • 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.
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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: 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.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 159
  • Round size: Series A $6M–$30M; Series B $3M–$126M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • AiDASH — AI-first SaaS company on a mission to transform operations, maintenance, and sustainability in industries with geographically distributed assets by using satellites and AI at scale.
  • Ionomr — Ionomr designs & manufactures advanced ion-exchange polymers & membranes that enable high performance and efficiency in applications like water & wastewater treatment, hydrogen production and advanced energy storage.
  • 2-B Energy — The perfect wind turbine for offshore floaters or floating platforms
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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
  • Round size: Seed $500k–$6.6M; Series A $2M–$14M
  • Lead/follow: 31% lead, 69% follow

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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Skagerak Energi
VC Fund · Porsgrunn, Telemark, Norway · 1 investments in Norway Manufacturing startups

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

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Investment focus

  • Industry: Energy, Battery, Electronics
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Evyon — Eyvon is an electrical company that provides EV battery solutions to accelerate into a fully renewable future for everyone. The company's proprietary hardware and Battery Cloud ecosystem enable the conversion of EV batteries into high-quality, affordable, and plug-and-play battery energy storage systems.Eyvon's mission is to convertbattery waste into high-quality battery systems by repurposing discarded EV batteries. By leveraging a standardized and data-driven value chain, their ambition is to provide solutions at less than half the price of new ones.It was founded in 2020 and is based in Oslo, Norway.
  • Jedlix — Find all the information on how we do smart charging at Jedlix
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Viking Venture
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, Oil and Gas, Energy
  • Stage:Series A, Series B
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 16
  • Round size: Series B $1.4M–$11M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Signicat — Signicat is a digital identity service provider (DISP) and one of the leading providers of e-ID and e-signature solutions in Europe. The company delivers online trust based services to the public and private sector globally.The solutions fulfill operational capabilities in line with international standards and requirements, such as Privacy,Anti-Money Laundering (AML) and Anti-Terrorist legislation and regulations, as well as Know Your Customer (KYC) requirements for onboarding of new users.Signicat offers some of the most advanced solutions for electronic identity and electronic signatures. The goal is to enable customers to do business more effectively by delivering great user experiences for the end users and at the same time reduce the risk by using advanced security technology.The Signicat solutions are used by banks and financial institutions, insurance companies, government agencies and large corporations as well as small and medium sized businesses. Customers trust Signicat with the responsibility of authenticating users, providing electronic signing, identity proofing and document preservation.Banking grade SLAs are offered, matching customers need for scalability and reliability.Signicat was founded in 2006 as Kantega Secure Identity, a spin-off from Kantega (www.kantega.no). It is owned by Secure Identity Holding (SIH), Viking Venture and the employees.Signicat has offices in UK (London), Germany (Frankfurt), Netherlands (Amsterdam), Portugal (Lisbon), Denmark (Copenhagen), Sweden (Stockholm), Finland (Helsinki) and Norway (Trondheim and Oslo).
  • EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
  • Asolvi — Industry leading Field Service Management Software. Search and find best solution. Meets high industry standards. Contact us for info and free demo.
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NATO Innovation Fund
VC Fund · 1 investments in Norway Manufacturing startups

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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Investment focus

  • Industry: Manufacturing, Aerospace, Robotics
  • Stage:Series A, Seed
  • Geography: United Kingdom, Germany, Norway

Investor stats

  • Total investments: 25
  • Round size: Seed $5.6M–$15M; Series A $18M–$37M
  • Lead/follow: 76% lead, 24% follow

Portfolio highlights

  • RevEng — The AI powered binary analysis platform for reverse engineering and malware analysis.
  • TEKEVER — The Tekever Group is a provider of innovative technologies in Software, Aerospace, Defence and Security Markets.
  • Portal Biotech — Portal has created next generation solutions that address the significant opportunities in protein sequencing and metabolomics
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Accel
VC Fund · Palo Alto, California, United States · 1 investments in Norway Manufacturing startups

First partner to exceptional teams everywhere

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Investment focus

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

Investor stats

  • Total investments: 1877
  • Round size: Seed $1.5M–$10M; Series A $4.5M–$40M; Series B $10M–$74M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2019

Portfolio highlights

  • Rally — Invest in collectibles for as little as $50 per share, on Rally
  • XFactor — XFactor.io is a platform with constant sales performance monitoring, real-time recommendations, and live analytics.
  • Shift Technology — Shift Technology delivers AI-native decision automation and optimization solutions built specifically for the global insurance industry. Addressing several critical processes across the insurance policy lifecycle, Shift helps insurers achieve faster, more accurate claims and policy resolutions. Shift has analyzed billions of insurance transactionsto date and was presented Frost & Sullivan’s 2020 Global Claims Solutions for Insurance Market Leadership Award.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

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, Analytics
  • Stage:Seed, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 80
  • Round size: Seed $1.3M–$5M; Series A $1.8M–$24M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Endform
  • Newcode.ai
  • Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 117
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$42M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Azumuta — Unite Connected Worker and MES capabilities to build the execution platform that coordinates, governs, and continuously improves operational work on the shop floor, across humans, AI agents, and robotic systems
  • Sensolus — Sensolus provides care-free tracking of your valuable non-powered assets directly from the cloud.Sensolus offers turnkey solutions for wireless, low-power context-aware sensing. Sensolus developed a personal product line of low-power tracker systems called STICKNTRACK.Sensolus is built upon many years of expertise in low-power networks,wireless sensor design, cloud-based sensor management, analytics, and applications.
  • VOID Technologies — VOID Technologies is a groundbreaking materials science company spun out of Kimberly-Clark to commercialise the VO+ technology. Our business model is based on supplying VO+ additive masterbatches to film manufacturers.
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Energy Technology Ventures
VC Fund · New York, New York, United States · 1 investments in Norway Manufacturing startups

Founded in January 2011, Energy Technology Ventures is a joint venture involving General Electric, NRG Energy, and ConocoPhillips. The fund is focused on the development of next-generation energy technologies. The JV invests in, and offers commercial collaboration opportunities to, venture- and growth-stage energy technology companies in therenewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel. With their wide range of deep technical and financial expertise, relationships, services and products, the three companies behind Energy Technology Ventures intend to help start-ups develop next-generation energy technology.The joint venture brings together three market-leading companies with complementary capabilities and significant strategic interests in the development of next-generation energy technology. This is the first corporate venture investment program by both NRG Energy, owner and operator of one of the country's largest and most diverse power generation portfolios, and ConocoPhillips, the third-largest US integrated energy company. GE Capital, through its business units GE Energy Financial Services and GE Capital, Equity, is already among the world's most active energy technology venture and growth capital investors.

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Investment focus

  • Industry: Energy, Oil and Gas, Hardware
  • Stage:Series C, Series A
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 12
  • Round size: Series C $14M–$25M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • BiSN — BiSN is a producer of metal-to-metal downhole sealing solutions for the oil and gas industries. BiSN develops a revolutionary chemical reaction heater that brings the technology into the 21st century and opens the door to a range of applications previously thought impossible.
  • 1366 Technologies — Solar is a remarkable technology. We make it even better. Our innovation is tandem. Our promise is more power per square meter.
  • Cool Planet — Cool Planet is a technology company that develops sustainable products to address energy, food, and water. It commercializes a groundbreaking technology that produces engineered biocarbon and renewable, carbon-negative fuel from biomass. It was founded in 2009 and in headquartered Colorado, Mexico.
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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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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, 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
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AVG Group
VC Fund · Lenzingerberg, Bayern, Germany · 1 investments in Norway Manufacturing startups

Welcome to Greenlight Group - where renewable energy meets green investing solutions. Renewable Energy Solutions, green investing, wind energy,solar energy

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Investment focus

  • Industry: Genetics, Wellness, Electronics
  • Stage:Seed, Post-IPO Equity
  • Geography: Norway, Hong Kong

Investor stats

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

Portfolio highlights

  • Prenetics — CircleDNA is an at-home, non-invasive DNA test providing health insights across 500+ reports based on your unique genetic blueprint.
  • TGN Energy — Shaping the energy distribution of the future. What We Do We are the natural partner for industrial buildings and developers seeking energy optimized projects. The global production of electricity is becoming more and more sustainable. At TGN we offer innovative and agile energy management systems for commercial real estate, letting
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Chevron Technology Ventures
VC Fund · Houston, Texas, United States · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 164
  • Round size: Series A $4.6M–$50M; Series B $6.5M–$42M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2019

Portfolio highlights

  • nPlan — AI that forecasts project outcomes, creates scenarios of the future and helps mitigate risk across single projects and portfolios. Trained on over 750,000 past programmes.
  • Radiant — Clean. Portable. Safe. Energy
  • Natron Energy — Natron Energy is safely changing how energy is stored and consumed with our sodium-ion battery technology. Learn more!
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Grieg Kapital
VC Fund · Bergen, Hordaland, Norway · 1 investments in Norway Manufacturing startups

Grieg Kapital is an investment company creating sustainable businesses. Do you have an investment opportunity for us that fits our strategy?

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Investment focus

  • Industry: Software, SaaS, Robotics
  • Stage:Venture - Series Unknown, Seed
  • Geography: Norway

Investor stats

  • Total investments: 8
  • Round size: Venture - Series Unknown $4.2M–$10M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Zeabuz — Zeabuz develop small electric urban vessels and waterborne autonomy
  • Remora Robotics — Remora Robotics is a Norwegian technology firm that specializes on aquaculture robotics.
  • GT Wings
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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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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 — The Finnish company Solar Foods Oy produces an entirely new kind of nutrient-rich protein using only air and electricity as the main resources. The goal of the company is to start commercial production of the environmentally revolutionary protein in 2020.Solar Foods’ concept redefines the basics of food production, as it is not dependent onagriculture, the weather, or the climate. The price of the protein product is also competitive compared to sources such as soy protein.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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BioInnovation Institute
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Manufacturing startups

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'smission 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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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Convertible Note, Pre-Seed, Debt Financing
  • Geography: Denmark, Germany, Switzerland

Investor stats

  • Total investments: 73
  • Round size: Pre-Seed $516k–$5.2M; Debt Financing $549k–$1.4M; Convertible Note $549k–$1.5M
  • Lead/follow: 90% lead, 10% follow

Portfolio highlights

  • Visibuilt — Visibuilt develops sustainable, bio-based asphalt binders made from mycelium. Replace fossil bitumen with visiBIT.
  • Loma Therapeutics — Loma Therapeutics is developing targeted immunotherapy for the effective and safe treatment of HPV infection, dysplasia, and cancer patients.
  • metaLead Therapeutics — metaLead Therapeutics is to develop this peptide as a next-generation Pb poisoning treatment.
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Sandwater
VC Fund · Oslo, Oslo, Norway · 1 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: 19
  • Round size: Series A $7.7M–$24M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Nofence — Manage your livestock from anywhere with GPS collars and a simple app. Unlock more acres, cut fencing costs, and run your operation on your terms.
  • 1X — At Halodi Robotics we are passionate about robots. Our mission is to bring capable humanoid robots to everyone. We develop safe, capable and affordable robots that help human beings live better lives!
  • Soil Capital Belgium — Discover Europe's first certified, multi-national carbon farming programme that rewards regenerative agriculture.
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Azolla Ventures
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Norway Manufacturing startups

Azolla Ventures invests in breakthroughs that could avert catastrophic climate change. We partner with visionary founders for solutions.

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Investment focus

  • Industry: Biotechnology, Fuel, Industrial
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Norway, New Zealand

Investor stats

  • Total investments: 17
  • Round size: Seed $2.5M–$12M; Pre-Seed $600k–$2.4M; Series A $6.6M–$15M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised 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.
  • SiTration — Discover innovative mineral recovery solutions with SiTration, enhancing resource efficiency, reducing waste, and strengthening critical mineral supply chains.
  • Aikido Technologies — The wind blows everywhere. We get turbines there.
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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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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, Information Technology
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 21
  • 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

  • Digitail — Grow your practice, offer a modern client experience, and automate routine practice tasks with the proven all-in-one veterinary software.
  • Dreamdata — Dreamdata is a B2B Revenue Attribution Platform that gathers, joins, cleans all revenue-related data to present transparent, actionable analysis of what drives B2B revenue. The ultimate B2B multi-touch attribution tool for multi-techstack businesses.
  • 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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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 31
  • Round size: Series A $5M–$40M; Series B $5.5M–$44M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • 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.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Dimensions Agri Technology — DAT is a Norwegian AgTech company offering a solution for real time patch spraying, using AI to recognize weeds in cereal fields.
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MKS PAMP
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Seloxium — Seloxium is a University of Oxford spin-out company, which obtains high-purity metals from their wastewater and removes the toxic ones.
  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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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, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Israel, Norway

Investor stats

  • Total investments: 21
  • Round size: Seed $350k–$2.6M; Pre-Seed $50k–$100k; Series A $7.7M–$10M
  • Lead/follow: 10% lead, 90% 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.
  • Koios Medical — We put the AI in ultrasound.
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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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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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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–$7.7M
  • 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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Global Ship Lease
VC Fund · New York, New York, United States · 1 investments in Norway Manufacturing startups

The Investor Relations website contains information about Global Ship Lease's business for stockholders, potential investors, and financial analysts.

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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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Gaztransport & Technigaz
VC Fund · Saint-rémy-lès-chevreuse, Centre, France · 1 investments in Norway Manufacturing startups

GTT is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas). For over 50 years, GTT has offered to its customers technologies which allow them to optimize storage space and reduce the construction and operation costs of ships or tanksequipped with these systems.

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Investment focus

  • Industry: Manufacturing, Nanotechnology, Test and Measurement
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Tunable — Tunable delivers real-time multigas analysers combining micro and nanotechnology with infrared spectroscopy to ensure fast, reliable and accurate measurements. Our commitment to miniaturisation is our contribution for a more sustainable world.
  • Energo — To reduce global warming, Energo has developed an innovative technology to convert gases into molecules of interested at high added value
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 1 investments in Norway Manufacturing startups, 18 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 208
  • Round size: Series A $3.5M–$22M; Series B $5M–$50M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • SK ecoplant — SK ekoplant is a top-tiered global city developer and infrastructure builder. SK ekoplant is one of the leading subsidiaries of SK group.SK ekoplant is one of the world’s best companies in the engineering industry, undertaking plants on EPCC basis (Engineering, Procurement, Construction and Commissioning) in the fields of Refineries,Petrochemicals, Fertilizer, Industrial Plants and Environmental Plants, Plants to wireless mobile communication equipment worldwide. As a major player in high-tech engineering market of the 21st century, SK ekoplant is committed to becoming the top-tier company by acquiring the drive for the future growth through the expansion of overseas markets and the launching of new products and by successful establishing the developed enterprise structure through improvement of internal system and process as well as performance assessment system.SK ekoplant is currently carrying out huge projects in U.S, Saudi Arabia, China, Thailand, Vietnam, India, Ecuador, Qatar, Algeria, Venezuela and CIS. This outstanding achievement is the culmination of SK ekoplant's extensive project experience, superior technology, and talents.
  • Photonic — We are building a new world through scalable, fault-tolerant quantum technologies.
  • Troilus Gold — Troilus Gold is a Canadian based development stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine, located within the Frotêt-Evans Greenstone Belt in Quebec.
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Manufacturing VC funding in Norway at a glance

Stats across 126 deals from 138 investors.

138
investors
in Norway Manufacturing startups
126
deals
in Norway Manufacturing startups
$8.3M
median round
in Norway Manufacturing startups
46%
lead investors
lead at least one round
13%
Seed
most common funding stage

Access all 138 VC funds in Norway Manufacturing startups.

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