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Top 50 Manufacturing VC Funds & Investors in Norway (July 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
8 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Investinor
VC Fund
7 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
SINTEF Venture AS
VC Fund
5 Norway, United States, United Kingdom Seed, Pre-Seed Manufacturing, Information Technology, Software $160k–$5.1M
ProVenture
VC Fund
4 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$5.6M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
TRUMPF Venture
VC Fund
3 Germany, Switzerland, United States Series A, Series B Manufacturing, Software, Information Technology $4.1M–$70M
RunwayFBU
VC Fund
3 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $538k–$6.2M
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Robotics, Software, Renewable Energy $1.8M–$2.4M
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
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 $439k–$30M
Skagerak Capital
VC Fund
2 Norway, Sweden Series A, Venture - Series Unknown, Seed SaaS, Manufacturing, Information Technology $4.8M–$24M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.3M
Momentum
VC Fund
2 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $1.6M–$18M
Nysnø
VC Fund
1 Norway, United Kingdom Series A, Venture - Series Unknown Renewable Energy, Robotics, Software $5M–$74M
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
Global Ship Lease
VC Fund
1 Norway Energy, Industrial, Renewable Energy
Gaztransport & Technigaz
VC Fund
1 France, Norway Venture - Series Unknown Manufacturing, Nanotechnology, Renewable Energy
SEB Pension Fund
VC Fund
1 Norway, Lithuania Debt Financing Retail, Printing, Logistics
MP Pensjon
VC Fund
1 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Export Development Canada
VC Fund
1 Canada, United States, United Kingdom Series B, Series A Software, Manufacturing, Renewable Energy $3.5M–$50M
New Age Ventures
VC Fund
1 United States, Israel, Norway Seed, Pre-Seed, Series A Health Care, Medical, Software $50k–$10M
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
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
Norselab
VC Fund
1 Norway, Switzerland, United States Seed, Series A Software, SaaS, Agriculture $500k–$14M
Accel
VC Fund
1 United States, India, United Kingdom Series A, Series B, Seed Software, SaaS, Information Technology $1.5M–$74M
Capricorn Partners
VC Fund
1 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Software, Health Care $3.3M–$42M
Nordic Impact
VC Fund
1 Norway Seed Chemical, Life Science, Visual Search
AVG Group
VC Fund
1 Norway, Hong Kong Seed, Post-IPO Equity Genetics, Wellness, Electronics
Grieg Kapital
VC Fund
1 Norway Venture - Series Unknown, Seed Software, SaaS, Robotics $4.2M–$10M
MKS PAMP
VC Fund
1 Norway, United Kingdom Seed Energy, Mining, Recycling
Sandwater
VC Fund
1 Norway, Germany, France Series A, Seed AgTech, Medical, Agriculture $8.5M–$24M
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
Statkraft Ventures
VC Fund
1 Norway, France, Germany Series A, Series B Renewable Energy, Energy, Software
Wiski Capital
VC Fund
1 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$7.7M
Almi Företagspartner AB
VC Fund
1 Sweden, Norway Debt Financing, Post-IPO Debt, Grant Fuel, SaaS, AgTech $290k–$1.4M
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
Skagerak Energi
VC Fund
1 Norway Seed Energy, Battery, Electronics
Viking Growth
VC Fund
1 Norway, Sweden, United States Private Equity, Series A Software, Oil and Gas, Information Technology
NATO Innovation Fund
VC Fund
1 United Kingdom, Germany, Norway Series A, Seed Manufacturing, Aerospace, Robotics $5.6M–$35M
Access all 150 VC funds in Norway Manufacturing startups.

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

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Investor list

Antler
VC Fund · Singapore, Central Region, Singapore · 8 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: 1821
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$755k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Deja — Modern Rituals & Natural Products from the Ancient Science of Ayurveda
  • Enoki Inc — Multiplayer-enabled tools for developers. Enoki has 18 repositories available. Follow their code on GitHub.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 7 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: 122
  • 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.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway Manufacturing startups

We commercialize technology created by SINTEF's research environments

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Investment focus

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

Investor stats

  • Total investments: 33
  • Round size: Seed $160k–$5.1M; Pre-Seed $373k–$762k
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2018

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Sonair — 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.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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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: 78
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • Mentornaut — Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.
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TRUMPF Venture
VC Fund · Ditzingen, Baden-Wurttemberg, Germany · 3 investments in Norway Manufacturing startups

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

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Investment focus

  • Industry: Manufacturing, Software, Information Technology
  • Stage:Series A, Series B
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 32
  • Round size: Series A $4.1M–$12M; Series B $4.3M–$70M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $47M in 2016

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Sonair — 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.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
Show all investments...

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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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: 142
  • Round size: Series A $3M–$39M; Series B $9.8M–$66M; Series C $15M–$180M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $80M in 2023

Portfolio highlights

  • Cortea — Cortea leverages artificial intelligence to revolutionize the auditing process by enhancing speed, accuracy, and transparency. Cortea transforms audits from traditional, labor-intensive processes into faster, more reliable, and more transparent operations.
  • Flatpay — Flatpay's fair, flat-rate pricing simplifies payments & cuts costs. Benefit from our comprehensive solution & superior customer service. Join us now!
  • RPA Supervisor — Optimizing operations with AI driven orchestration and automated error handling. Providing complete insight into operations and deliveries with advanced reporting and notification capabilities.
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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

  • 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.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
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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Sennheiser
VC Fund · Hanover, Niedersachsen, Germany · 2 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
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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 $3.9M–$30M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Nucu — The Nucu Pad is a multisensory baby pad that soothes your baby to sleep with womb-like feelscapes.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Skagerak Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 7
  • Round size: Series A $4.8M–$24M; Venture - Series Unknown $7.6M–$11M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Zaver — Zaver develops innovative payment solutions to accelerate the revolution in mobile payments. All for companies and individuals to be able to shop in a more accessible and smarter way - offline and online.
  • Sensibel — sensiBel is a Norwegian optical MEMS sensor company delivering the next generation of studio-quality MEMS microphones.
  • Nanopower Semiconductor — Nanopower Semiconductor is a fabless semiconductor company that focuses on developing low-power microelectronics. It specializes in nanowatt-range technology, which is designed to enable large-scale and environmentally sustainable deployment. The company's innovative solutions aim to reduce power consumption in wireless chips and peripherals,making them suitable for a variety of applications. Nanopower Semiconductor's products are particularly relevant for industries seeking to enhance energy efficiency and sustainability in their electronic devices.
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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 $373k–$2.1M; Pre-Seed $110k–$4.3M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • 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.
  • CooliBlade — Superior power electronics cooling solutions for applications like solar and wind energy, energy storage, EV charging and telecommunications.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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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 $8M–$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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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Manufacturing startups, 7 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 32
  • Round size: Series A $5M–$40M; Venture - Series Unknown $12M–$74M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Ofiniti — Ofiniti is a platform designed for businesses to streamline operations through digital maritime fuel distribution. Ofiniti's platform offers solutions that bridge the digital gap between fuel suppliers and consumers, improving the efficiency of marine fuel bunkering operations. Ofiniti works to enhance operational performance within themaritime sector by integrating technology into traditional industries.
  • 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.
  • 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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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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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, Renewable Energy
  • Stage:Venture - Series Unknown
  • Geography: France, 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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SEB Pension Fund
VC Fund · 1 investments in Norway Manufacturing startups

SEB Pension Fund

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Investment focus

  • Industry: Retail, Printing, Logistics
  • Stage:Debt Financing
  • Geography: Norway, Lithuania

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% 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.
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups

MP Pensjon er pensjonskasse for TINE SA og norske datterselskaper. God og langsiktig forvaltning sikrer din pensjon.

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $500k–$5.5M; Series A $4.8M–$9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
  • Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 1 investments in Norway Manufacturing startups, 20 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 236
  • Round size: Series A $3.5M–$22M; Series B $5M–$50M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Ionik — PopReach operates as a multi-platform technology company. It focuses on acquiring, optimizing, and growing companies and assets that provide services, technology, or products within the digital media ecosystem. Its portfolio of assets includes PopReach Games, a free-to-play mobile game publisher with over 25 games enjoyed by millions of players;notifyAI, a push notification subscription and monetization platform; Q1Media, a digital media advertising services provider; and Contobox, an award-winning personalization, eCommerce and creative advertising technology platform.
  • Generation Mining — Generation Mining is a mineral development company that focuses on zinc and molybdenum projects in Canada. It completed a Preliminary Economic Assessment in early 2020 and plans to follow up with a Definitive Feasibility Study beginning in Q1, 2020.
  • Green Circuits — GC designs and manufactures electronics circuit boards for the aerospace, defense, and health tech industries.
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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: 23
  • Round size: Seed $350k–$2.6M; Pre-Seed $50k–$100k; Series A $7.7M–$10M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Investor stats

  • Total investments: 118
  • 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

  • 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.
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
  • Trillium Renewable Chemicals — Trillium Renewable Chemicals manufactures chemicals from renewable feedstocks used in a variety of industrially important applications. The company was founded in 2021 and based in Knoxville, Tennessee.
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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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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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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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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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Sandwater
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Manufacturing startups, 6 in the past 12 months

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: 20
  • Round size: Series A $8.5M–$24M
  • Lead/follow: 45% lead, 55% 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.
  • XO Life — XO Life is to build the largest real-world evidence platform for patient insights for all medications and therapies. Together with one of Europe's leading research institutes for patient-centered research, the PROMIS Institute Germany of the Charité, and various pharmaceutical manufacturers, patient experiences are to be recorded in astandardized and systematic manner across a wide range of diseases. Patients are to be enabled to record their therapy course and outcome independently as well as scientifically validated so that these patient insights from real treatment practice can be used in the life science industry and by medical professions.
  • 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.
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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: 22
  • Round size: Seed $250k–$5M; Angel $300k–$373k; Pre-Seed $233k–$1.1M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — raised $1.5M in 2019

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Wakeo — Wakeo provides real time tracking on door-to-door multimodal transport flows including sea, air, rail and road freight. Discover the real-time visibility platform to manage disruptions, drive performance and collaboration and transform your business.
  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
  • Aira — Aira operates as a clean energy-tech company.
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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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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, 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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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: 161
  • Round size: Series A $6M–$31M; Series B $3M–$126M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Autogrid — AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data.The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy bymanaging networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications utilize petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks.Established at Stanford University in 2011, they have assembled a team of world-class software architects, electrical and computer engineers, data scientists and energy experts who apply cutting-edge analytics and in-depth energy data science to solve the world’s most critical energy problems.
  • Orb Energy — Orb Energy is a vertically integrated solar company that manufactures solar panels, design, install, and services complete system, and finance C&I customers.
  • Statiq — Find electric vehicle charging station near you, book a slot, digitally pay for charging car.
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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: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

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

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

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Investment focus

  • Industry: Software, Oil and Gas, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 19
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • HR-Friend
  • Checkproof — CheckProof is the ideal tool for digitizing your work with preventive maintenance, quality and health & safety. Let’s secure value. Digitally.
  • Ørn Software
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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: 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
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Manufacturing VC funding in Norway at a glance

Stats across 146 deals from 150 investors.

150
investors
in Norway Manufacturing startups
146
deals
in Norway Manufacturing startups
$8.6M
median round
in Norway Manufacturing startups
47%
lead investors
lead at least one round
13%
Grant
most common funding stage

Access all 150 VC funds in Norway Manufacturing startups.

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