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Top 50 Marketplace VC Funds & Investors in Norway (October 2026)

The most active venture capital funds investing in Norway Marketplace startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Marketplace startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Antler
VC Fund
10 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Innovation Norway
VC Fund
8 Norway, Romania, Sweden Grant, Seed, Debt Financing Software, Information Technology, Artificial Intelligence $47k–$134M
Skyfall Ventures
VC Fund
5 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Investinor
VC Fund
5 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
Schibsted Growth
VC Fund
4 Sweden, Norway, France Venture - Series Unknown, Seed Internet, Financial Services, E-Commerce $123k–$7.7M
BTO
VC Fund
4 Norway, United States Seed Health Care, Biotechnology, Developer Platform $427k–$427k
DNB
VC Fund
4 Norway, Sweden, United Kingdom Post-IPO Debt, Debt Financing, Venture - Series Unknown Renewable Energy, Energy, Oil and Gas $240k–$790M
Bring Ventures
VC Fund
3 Sweden, Norway, United Kingdom Seed, Venture - Series Unknown, Series A B2B, Logistics, E-Commerce $244k–$20M
Luminar Ventures
VC Fund
3 Sweden, Norway, United States Seed, Series A, Pre-Seed Software, Information Technology, SaaS $420k–$21M
LocalGlobe
VC Fund
3 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$33M
Idekapital
VC Fund
3 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $210k–$90M
Sequoia Capital
VC Fund
3 United States, China, India Series A, Series B, Series C Software, Information Technology, Artificial Intelligence $6M–$200M
Alliance VC
VC Fund
3 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
MP Pensjon
VC Fund
2 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Sarsia
VC Fund
2 Norway, Sweden, Finland Seed, Pre-Seed, Venture - Series Unknown Software, SaaS, Sensor $625k–$8.8M
2M2D
VC Fund
2 Norway Seed, Angel Apps, Credit, Rental
Ferd
VC Fund
2 Norway, Sweden, United States Private Equity, Post-IPO Equity Software, Energy, Information Technology $1M–$40M
VNV Global
VC Fund
2 United Kingdom, Sweden, Russian Federation Series B, Venture - Series Unknown, Series A E-Commerce, Health Care, Marketplace $1M–$85M
Visionaries Club
VC Fund
2 Germany, United Kingdom, United States Seed, Series A, Series B Software, SaaS, FinTech $2.7M–$95M
Shine Capital
VC Fund
2 United States, Spain, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $3.5M–$71M
Alumni Ventures
VC Fund
2 United States, United Kingdom, Canada Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $1.5M–$79M
Vant AS
VC Fund
2 Norway Angel Retail, Grocery, E-Commerce $12k–$35k
Pallados Consulting OU
VC Fund
2 Norway Angel Retail, Grocery, E-Commerce $28k–$35k
Dolphin Consultants
VC Fund
2 Norway Angel Retail, Grocery, E-Commerce $35k–$36k
Dawn Capital
VC Fund
2 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology $3M–$101M
CoFounder
VC Fund
2 Norway Seed, Series A Industrial, Manufacturing, SaaS $956k–$2.3M
Varner
VC Fund
1 Norway Corporate Round Logistics, E-Commerce, Supply Chain Management
SEB Pension Fund
VC Fund
1 Norway, Sweden, Lithuania Debt Financing, Venture - Series Unknown Retail, Printing, Logistics $20M–$240M
Startup Lab
VC Fund
1 Russian Federation, United States, Canada Pre-Seed, Seed, Angel E-Commerce, Software, Food Delivery $45k–$6.4M
Unbounded Capital
VC Fund
1 United States, China, Japan Series A, Seed, Pre-Seed Software, FinTech, Financial Services $10k–$14M
Spintop Ventures
VC Fund
1 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $907k–$11M
WiSEED
VC Fund
1 France, Norway Seed, Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $392k–$7.8M
Gnist Capital
VC Fund
1 Norway Pre-Seed SaaS, Rental, Software
nHack
VC Fund
1 Norway Drones
Alliance Ventures
VC Fund
1 Norway, United States, China Series A, Series B, Series C Software, Automotive, Artificial Intelligence $5M–$310M
Lugard Road Capital
VC Fund
1 Norway, United States, United Kingdom Series B, Series C, Series D SaaS, E-Commerce, Software $29M–$153M
Schibsted
VC Fund
1 Norway, Sweden Seed, Series A, Series C E-Commerce, Apps, Music $1.2M–$9.6M
TeleVenture Management
VC Fund
1 Norway, United States Venture - Series Unknown, Seed Software, Manufacturing, Biotechnology $686k–$5.9M
OBOS Forsikring
VC Fund
1 Norway Seed, Series A Real Estate, Information Technology, Software $766k–$4M
Link Venture Capital
VC Fund
1 Norway, United Kingdom, The Netherlands Pre-Seed, Seed, Venture - Series Unknown Renewable Energy, Marine Technology, SaaS $400k–$4.3M
Nordic Makers
VC Fund
1 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, Education $206k–$16M
Day One Ventures
VC Fund
1 United States, United Kingdom, Canada Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $200k–$30M
EMOS
VC Fund
1 Norway Solar, Energy, CleanTech
KLP Liv
VC Fund
1 Norway Solar, Energy, CleanTech
Nysnø
VC Fund
1 Norway Series A, Series B Renewable Energy, Software, Robotics
Algård Holding
VC Fund
1 Norway Seed Security, GreenTech, Lifestyle
BioInnovation Institute
VC Fund
1 Denmark, Germany, Switzerland Convertible Note, Pre-Seed, Seed Biotechnology, Medical, Health Care $495k–$5.2M
FJ Labs
VC Fund
1 United States, United Kingdom, Brazil Seed, Series A, Series B Software, E-Commerce, Financial Services $1.2M–$65M
DNV
VC Fund
1 Norway, United States, Germany Seed, Venture - Series Unknown SaaS, Solar, Drones $1.7M–$36M
IKM Invest
VC Fund
1 Norway Seed, Venture - Series Unknown Electronics, Security, GreenTech
Access all 157 VC funds in Norway Marketplace 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 · 10 investments in Norway Marketplace startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

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

Investor stats

  • Total investments: 2382
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • myluigi.ai — Luigi is an AI-Powered Full-Stack Game Growth-as-a-Service platform designed to help mobile game studios scale user acquisition, engagement and lifetime value without adding headcount. Its dual-engine architecture automates and operates everything from ad campaign creation and real-time creative optimization to personalized in-game offers and LTVforecasting—delivered through a single, easy-to-integrate and unified dashboard. With a flexible per-title pricing model and powerful machine-learning insights, Luigi empowers mid-sized and indie developers to reduce CPI, boost retention and chart a clear path toward sustainable growth and seven-figure ARR.
  • RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 8 investments in Norway Marketplace startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Seed, Debt Financing
  • Geography: Norway, Romania, Sweden

Investor stats

  • Total investments: 84
  • Round size: Seed $118k–$3.6M; Grant $47k–$2M; Debt Financing $239k–$134M
  • Lead/follow: 48% lead, 52% 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.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Marketplace startups

We are an early stage venture capital firm based in Oslo, Norway.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 65
  • Round size: Seed $1.2M–$6.1M; Pre-Seed $350k–$3.3M; Venture - Series Unknown $1.1M–$1.6M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $29M in 2022

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • CYBRET AI — The New Era of Autonomous Cybersecurity
  • Volve — Volve turns tender and contract documents into a structured baseline, helping construction teams catch risk, run compliance checks, and win better bids with AI.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway Marketplace startups

Investinor invests in Norwegian based, high potential companies that are internationally oriented and in the phases ranging from early growth to expansion. The company has BNOK 4.2 ($500 m) under management and focus on companies within the internet, software, semiconductors, energy, cleantech, marine and life sciences sectors.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Venture - Series Unknown, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 132
  • Round size: Series A $2.3M–$25M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $274M in 2011

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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Schibsted Growth
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Marketplace startups

Investing in great digital companies!

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Investment focus

  • Industry: Internet, Financial Services, E-Commerce
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, France

Investor stats

  • Total investments: 51
  • Round size: Seed $123k–$7.1M; Venture - Series Unknown $814k–$7.7M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Bookis — Bookis is the Next-Generation Online Bookstore with Direct Author Compensation, making the sharing of stories and knowledge playfully easy - from all bookshelves, for everyone. We leverage community, technology and innovative distribution to enable radically easier peer-to-peer bookselling, with fair author compensation models. Building theworld's largest network of authors fighting for a more fair book industry worldwide.
  • Dintero — Dintero is a fintech startup delivering payment, checkout, CRM, and loyalty solutions. The startup's checkout solution offers popular payment methods like Vipps, Swish, invoice, financing, and card payments. It has built its solution for split payment, so that the payments can be split regardless of the payment method. Dintero's aim isfor an online store to be able to choose exactly the payment methods the store itself wants.
  • Campanyon — Campanyon is a provider of an outdoor accommodation booking platform intended for people to find and book their next outdoor adventure by connecting campers with hosts.
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BTO
VC Fund · Bergen, Hordaland, Norway · 4 investments in Norway Marketplace startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Seasmart — Seasmart develops a drone for environmental monitoring in aquaculture. Seasmart's drones are used for continuous measurement of environmental conditions in the cage that is wireless, cost effective and maintenance-free. They provide information on how the fish has it - about appetite, stress and fish welfare. It provides reduced feed, betterplanning, and reduced mortality.
  • Leieting.no — Leieting.no is inspired by sharing economy and offers renting things safely and easily. Security as a landlord. No deductible or loss on insurance. Security as a landlord. No deductible or loss on insurance. After payment, you will arrange for pickup and delivery. Rent things safely and easily, with insurance of up to 1 million kroner from Ifincluded.
  • Sensar Marine — Sensar Marine makes products designed to improve the relationship between a boat and its owner. Our flagship product is a boat monitoring system designed specifically for use in boats, which could run 24/7, 365 days a year without draining boat batteries.Our service has introduced a way for boaters to monitor their boats from their mobilephones, and be notified when their boat needs attention. To date, our boat monitor has been installed in thousands of boats of all types, in harbors around the world.
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DNB
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway Marketplace startups, 14 in the past 12 months

DNB is a financial services group that offers financial services through mobile, online banking, bank offices, and international offices. The Group provides a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. The company’s personal banking products andservices include savings and investment products.DNB offers its products and services to various sectors, including financial institutions, energy, manufacturing, healthcare, packaging, and forest products, shipping, offshore, and logistics, seafood, and telecom, media, and technology. They also distribute its products and services through its branches, in-store postal and banking outlets, and post office counters.DNB was founded in 1822 and is headquartered in Oslo, Norway.

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Investment focus

  • Industry: Renewable Energy, Energy, Oil and Gas
  • Stage:Post-IPO Debt, Debt Financing, Venture - Series Unknown
  • Geography: Norway, Sweden, United Kingdom

Investor stats

  • Total investments: 54
  • Round size: Post-IPO Debt $8.8M–$786M; Debt Financing $94M–$790M; Venture - Series Unknown $240k–$100M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Cadeler — Cadeler is an offshore services company that provides offshore wind installation and maintenance services. The company operates specialized vessels for transporting, installing, and servicing wind turbines and foundations in offshore environments, supporting the development of renewable energy infrastructure.
  • Scandi Standard — Welcome to Scandi Standard. We want to inspire you to choose chicken: a good, healthy choice, which is ideal for today’s consumers. We sell the finest Swedish, Danish, Norwegian and Finnish chicken under the Kronfågel, Danpo, Den stolte Hane and Naapurin Maalaiskana brands. We are the leading chicken producer in the Nordic region, serving thedomestic and export markets.In June 2013, we created the Nordic region's market-leading chickenbased product group when Scandi Standard was established. The Company was created by gathering the largest poultry operations in the region into one collective group. At present, the Group has an annual turnover of approximately SEK 5.2 billion and almost 1,700 employees.
  • Ventura Offshore — Ventura Offshore is an oil and gas services company that specialises in drilling, project management, offshore services, and asset management within the oil and gas industry. The company ensures efficient and safe operations in challenging offshore environments. By delivering innovative solutions and maintaining the highest standards of quality andsafety, Ventura Offshore supports the energy sector in maximising productivity and resource management.
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Bring Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Norway Marketplace startups

Bring Ventures is the Corporate Venture arm of the Norway Post Group. Bring Ventures is dedicated to invest in disruptive and ambitious seed and early phase companies within sustainability and digitalization. We strive to be a value-adding investor by building close relationships, exchange capabilities, expertise, customers and volumes. We believethe success of the future will be created together in a collaboration with other actors such as universities, innovation environments and start-ups. We want to contribute to create and build completely new type of business models – like ecosystem.

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Investment focus

  • Industry: B2B, Logistics, E-Commerce
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Sweden, Norway, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $244k–$6.3M; Venture - Series Unknown $2.6M–$20M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Tise — Buy and sell secondhand fashion. Download the app here.
  • Kavall — Kavall is a grocery delivery startup.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Norway Marketplace startups

Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.

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Investment focus

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

Investor stats

  • Total investments: 70
  • Round size: Seed $960k–$5.4M; Pre-Seed $420k–$4M; Series A $8.3M–$21M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $69M in 2023

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Ivy Interactive — Frictionless Coding with AI
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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LocalGlobe
VC Fund · London, England, United Kingdom · 3 investments in Norway Marketplace startups

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

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Investment focus

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

Investor stats

  • Total investments: 337
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$3.3M; Series A $3.5M–$33M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Dataform — Develop and operationalize scalable data transformations pipelines in BigQuery using SQL.
  • CYCLE — GetHenry is a rapidly growing subscription service for market-leading delivery companies. We make sure that thousands of couriers are on the move safely, quickly and comfortably every day. In this way, we not only create added value for delivery services, but also help to reduce transport-related CO2 emissions on the last mile.
  • Circular — Developers-focused job platform for Software Developers, DevOps, Data Science & more. Sign up now and get access to successful hiring processes in Spain, Remote.
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Access 48,091 investors

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

Browse database — It's Free!
Idekapital
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Marketplace startups

We manage two investment funds with more than 1 bn NOK under management. We invest in high-growth software and technology companies.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $210k–$4.4M; Series A $3.4M–$16M; Venture - Series Unknown $4M–$90M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • 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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Sequoia Capital
VC Fund · Menlo Park, California, United States · 3 investments in Norway Marketplace startups

We help the daring build We help the daring build legendary companies from idea to IPO and beyond. companies.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, India

Investor stats

  • Total investments: 1825
  • Round size: Series A $6M–$54M; Series B $11M–$100M; Series C $12M–$200M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $65M in 2018

Portfolio highlights

  • ApnaPaisa — ApnaPaisa offers the Best Deals on Home Loans, Personal Loans, Credit Cards and EMI Calculators in India. EST'D 2007.
  • Decolar.com — Decolar.com is an online travel agency that offers complete travel services, including tickets, tour packages, accommodation, and car rental. Since 1999, more than 2,000,000 people have bought their air tickets through this platform.Decolar.com is present in 21 countries, including Argentina, the U.S., and Spain. It has a partnership of more than500 airlines and 150,000 hotels worldwide. When purchasing an airline ticket or travel package, Decolar.com’s customers also receive discounts at restaurants and shops in the chosen destination, plus 10% discount on purchases in Duty Free.Decolar.com was launched in 1999 and is based in Guarulhos, Sao Paulo.
  • Remote — Hire international talent in minutes. Remote is the most disruptive global payroll, tax, HR and compliance solution for distributed teams.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Marketplace startups, 7 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 89
  • Round size: Seed $1.4M–$5M; Pre-Seed $970k–$4M; Series A $3.6M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $47M in 2025

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Spiich Labs — AI for revenue teams that win on relationships. The agentic sales platform that eliminates CRM admin: your CRM updates itself after every call, you get daily meeting briefs, and follow-ups write themselves. Save 9+ hours weekly.
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Marketplace 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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Sarsia
VC Fund · Bergen, Hordaland, Norway · 2 investments in Norway Marketplace startups

Sarsia is an early-stage venture capital investor that invest in science-based technology companies. It was founded in 2006 and is located in Bergen, Hordaland.

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Investment focus

  • Industry: Software, SaaS, Sensor
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Norway, Sweden, Finland

Investor stats

  • Total investments: 10
  • Round size: Seed $2.1M–$2.7M; Pre-Seed $625k–$4.3M; Venture - Series Unknown $3.8M–$8.8M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cetasol — Maritime monitoring and analytics software for commercial fleets. Full visibility, fuel savings, and compliance support.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Mitigrate — Mitigrate is building a SaaS platform to predict how physical climate risk will impact property assets in the future. The system provides businesses and asset owners with a cost-effective strategy to mitigate risk. The user gets connected to certified, local adaptation specialists who refine and implement the solution.
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2M2D
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Marketplace startups

We invest in the unknown. In solutions yet to be built. By ambitious founders on a mission.

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Investment focus

  • Industry: Apps, Credit, Rental
  • Stage:Seed, Angel
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Diwala — Issue certificates and credentials to your trainees, that can be verified online in seconds
  • Indyriot — Indyriot engages in testing a job for a non-existing company.
  • Sharefox — Our rental software makes renting and subscribing smoother and attracts more customers to your rental business. Experience the Sharefox rental software today!
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Ferd
VC Fund · Lysaker, Akershus, Norway · 2 investments in Norway Marketplace startups

Ferd er et familieeid investeringsselskap som er eid av femte og sjette generasjon Andresen.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Private Equity, Post-IPO Equity
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 60
  • Round size: Private Equity $13M–$14M; Post-IPO Equity $1M–$40M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • wheel.me — The first and only autonomous wheel in the world. The innovation transforms anything into an autonomous mobile robot with minimal effort and without the need to alter its design or form. The company was founded in 2013 and is headquartered in Oslo, Norway.
  • 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.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
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VNV Global
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Norway Marketplace startups

VNV Global is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The common shares of VNV Global are listed onNasdaq Stockholm, Mid Cap segment, with the ticker VNV.

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Investment focus

  • Industry: E-Commerce, Health Care, Marketplace
  • Stage:Series B, Venture - Series Unknown, Series A
  • Geography: United Kingdom, Sweden, Russian Federation

Investor stats

  • Total investments: 106
  • Round size: Series A $1M–$30M; Series B $3M–$85M; Venture - Series Unknown $2.3M–$26M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • YUV — The world's first smart hair colour lab for salons and freelancers.
  • All3 — All3 uses AI and robotics to design, manufacture, and assemble buildings through a unified system. The company provides an end-to-end system that combines AI-driven architectural design, robotic off-site manufacturing, and automated on-site assembly for residential and commercial structures. Its platform enables customized building components to beproduced and assembled with software-controlled workflows, reducing reliance on manual processes and fragmented supply chains.All3 also offers vertically integrated services that cover planning, engineering, fabrication, and construction delivery, allowing developers to manage projects within a single system. Its technology supports complex building designs and constrained urban sites by adapting production and assembly processes to specific project requirements.
  • VOI Technology — Voi is a micromobility company operating e-bikes and e-scooters in 150+ cities. EBIT-profitable since 2024.
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Visionaries Club
VC Fund · Berlin, Berlin, Germany · 2 investments in Norway Marketplace startups

In this era of upheaval, obsession beats playbooks, ambition beats size and conviction beats consensus. We back those who run toward the fire and follow one simple rule: connecting the top 0.1% with the top 0.1%.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 106
  • Round size: Seed $2.7M–$40M; Series A $10M–$60M; Series B $29M–$95M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Apron — Sort, pay and reconcile your invoices in seconds.
  • CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
  • Orbio — Orbio is an AI native system firm that aids companies to create dynamic talent, eliminate repetitive work and deliver business impact.
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Shine Capital
VC Fund · New York, New York, United States · 2 investments in Norway Marketplace startups, 16 in the past 12 months

Shine is an early-stage venture capital firm that partners with creative, convincing, relentless entrepreneurs to build iconic businesses.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 74
  • Round size: Seed $3.5M–$18M; Series A $12M–$25M; Series B $10M–$71M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Zenskar — Zenskar seamlessly manages complex subscription and usage based billing. Meter high throughput data, and automate revenue accounting, analytics & dunning.
  • Mother Games — MOTHER Games is an art and media company that creates transformative experiences through play, blending creativity and innovation to craft unique and engaging interactive experiences.
  • Turnout — Turnout Technologies is a technology related company.
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Alumni Ventures
VC Fund · Manchester, New Hampshire, United States · 2 investments in Norway Marketplace startups

Access curated startup investment opportunities and diversified venture capital exposure designed for accredited investors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 1791
  • Round size: Seed $1.5M–$10M; Series A $5.5M–$37M; Series B $11M–$79M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • NextDroid — NextDroid - We're Doing Something Different
  • Enact — Enact is a leading solar energy and solar software company serving homeowners, businesses, and installers. Get a free quote or request a demo today!
  • ARRIS — Using next-gen advanced manufacturing technologies, ARRIS Composites produces smarter, lighter, stronger, and more sustainable products at scale.
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Vant AS
VC Fund · Narva, Ida-Virumaa, Estonia · 2 investments in Norway Marketplace startups

Vant AS is a holding investment firm.

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Angel $12k–$35k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
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Pallados Consulting OU
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Norway Marketplace startups

Holding

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Angel $28k–$35k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
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Dolphin Consultants
VC Fund · Mumbai, Maharashtra, India · 2 investments in Norway Marketplace startups

Dolphin Consultants offers services such as marine, offshore, defence, and ship repair.

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Angel $35k–$36k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
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Dawn Capital
VC Fund · London, England, United Kingdom · 2 investments in Norway Marketplace startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • AlumatIQ — AlumatIQ specializes in industrial robotics, automation, and digitalization in the aluminum industry. Their first product is robotic automation of the anode change process, with high accuracy, consistency, and speed. Improves health and safety conditions for operators in pot rooms and reduces emissions of HF and greenhouse gases.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
  • Receipts — Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.
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Varner
VC Fund · 1 investments in Norway Marketplace startups

Varner is a fashion retailer

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Investment focus

  • Industry: Logistics, E-Commerce, Supply Chain Management
  • Stage:Corporate Round
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Villoid — Villoid is an online retailer that enables its users to purchase fashion products.The retailer provides its users with a mobile application that enables its users to search for and purchase the fashion items of their choice. Furthermore, the application enables designers to join their community to create fashion items that can be sold toothers.Villoid was launched in 2015 and is based in Ohio.
  • Porterbuddy — They are the gang that delivers to your door the same day you order in the online store.Porterbuddy'​ is a logistics platform that provides efficient and customer-centric, last-mile delivery of products.
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SEB Pension Fund
VC Fund · 1 investments in Norway Marketplace startups

SEB Pension Fund

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Investment focus

  • Industry: Retail, Printing, Logistics
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Norway, Sweden, Lithuania

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $20M–$240M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Gelato — Create and sell custom products online. With local production in 32 countries, easy integration, and 24/7 customer support, Gelato is an all-in-one platform.
  • Kauno Grudai — Kauno Grudai is a food product manufacturing company that specializes in crop production, flour products, and fast-food businesses.
  • SmartCella — SmartCella is an innovative biotechnology and medtech company. Sweden. SmartCella’s therapeutic mission is to develop treatments for patients running out of options. The company has three main business units, Procella Therapeutics, Smartwise and SvedMed Solutions.
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Startup Lab
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Norway Marketplace startups

Startup Lab Russia is a pre-seed/early seed venture capital fund. Startup Lab Russia invests in projects in the early stages and helps them grow, build a network of contacts, scale sales channels, optimize the business model and internal processes with leading experts, and then enter international markets.

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Investment focus

  • Industry: E-Commerce, Software, Food Delivery
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Russian Federation, United States, Canada

Investor stats

  • Total investments: 17
  • Round size: Seed $200k–$6.4M; Pre-Seed $45k–$400k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Bairro Direct — Bairro developed a mobile application that allows fast delivery of supermarket products, food, and essential goods in the heart of the Portuguese capital, available between 10 am to 12 pm, ensuring that the user experience is always of high quality, regardless of the type of product desired or delivery time.
  • Agoprene — Agoprene develops a seaweed-based rubber material with properties similar to rubber foam (skumgummi).
  • Boomerangme — Digital loyalty cards for your business - give bonuses to regular customers, send personal offers by free push-notifications. App for iOS / Android.
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Unbounded Capital
VC Fund · Austin, Texas, United States · 1 investments in Norway Marketplace startups

Unbounded Capital is a blockchain investment firm built by technical founders that understand the entrepreneurial journey; former poker pros that know how to analyze risk; and investors that understand that early-stage investing is not a passive activity.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series A, Seed, Pre-Seed
  • Geography: United States, China, Japan

Investor stats

  • Total investments: 19
  • Round size: Seed $10k–$1.1M; Pre-Seed $336k–$1.1M; Series A $10k–$14M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $2.7M in 2023

Portfolio highlights

  • RF Labs — Track analytics, automate live streams, improve business operations. RF Poker is reinventing the way live poker is played and experienced.
  • Reactiv — Reactiv is an AI-powered mobile app platform to help you sell more and increase retention, without the headache of managing another channel
  • Cork Protocol — Cork's new DeFi primitive, Depeg Swaps allows investors to hedge and trade the risk of their pegged asset (LST/LRTs, Stablecoins, RWAs).
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Marketplace startups

Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies.

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $907k–$5.8M; Series A $1.7M–$11M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $94M in 2022

Portfolio highlights

  • Velatir — Velatir helps you stay in control of AI decisions. With real-time monitoring, AI risk scoring, we make responsible, transparent AI easy.
  • Incredible — Talk to your apps and automate tasks
  • Solace Care — Legacy planning and guided loss support in one digital platform, offered through insurers and employers across the Nordics and the Netherlands.
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WiSEED
VC Fund · Toulouse, Midi-Pyrenees, France · 1 investments in Norway Marketplace startups

Wiseed is a crowdfunding platform that enables its users to invest in SMEs and enterprises. The platform offers investments for startups, real-estate firms, social innovation and renewable energy projects, and agriculture firms. It was founded in 2008 by Nicolas Seres and Thomas Merquiol and is based in Toulouse.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: France, Norway

Investor stats

  • Total investments: 34
  • Round size: Seed $392k–$3.3M; Series A $1.3M–$7.8M; Venture - Series Unknown $1M–$6.5M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Aéronde — The Aéronde is an innovative electric airship with a toroidal shape (giant donut) of 15 meters in diameter, designed to offer a silent, energy-efficient flight with very low environmental impact. Inflated with approximately 400 m³ of helium, it can carry up to two people and equipment, with a payload of 200 kg .
  • Vaxinano — Vaxinano is a biotechnology company specialized in preclinical and pharmaceutical development of human and veterinary vaccines and drug delivery systems. Vaxinano was created in 2016, building on 25 years of research and clinical trials on vaccines and the patented technology of Pr Didier Betbeder.
  • BiPER Therapeutics — BiPER Therapeutics is a biotech company to develop and commercializes novel therapeutics.
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Gnist Capital
VC Fund · 1 investments in Norway Marketplace startups

Enhver ide starter med en gnist.

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Investment focus

  • Industry: SaaS, Rental, Software
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Leasi — Leasi delivers a forward-thinking rental and resource management system for companies that engage in internal or external distribution of machinery. This is achieved through an ecosystem that emphasizes the excessive use of data and datasharing, with a focus on user experience. Our goal is to create a simpler, more streamlined, and more efficientworkday for industry players by leveraging the power of data and collaboration within the ecosystem to ultimately reduce emissions, increase efficiency and enhance profitability.
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nHack
VC Fund · 1 investments in Norway Marketplace startups

AGENNALO Situs Togel Online 4D Terbaru dan Bandar Situs Toto Terbesar di tahun 2025. Agennalo merupakan Top 10 besar Bandar Togel Online Terbesar di Asia yang sedang tren saat ini di negara indonesia.

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Investment focus

  • Industry: Drones
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • ScoutDI — Scout Drone Inspection is developing an autonomous drone that will provide a complete visual inspection and non-destructive testing (NDT) solution for enclosed and poorly lit environments.
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Alliance Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Marketplace startups

Alliance Ventures is a strategic venture capital fund of Renault-Nissan-Mitsubishi, the world’s largest automotive alliance. The fund, launched in 2018 and co-located in Amsterdam, Silicon Valley, Paris, Yokohama, Beijing, and Tel Aviv, plans to invest up to $1 billion in its first five years to support open innovation. Alliance Ventures targetstechnology and business model innovation in new mobility, autonomous driving, connected services, EV & energy, and enterprise 2.0. By drawing on expertise and business opportunities from across the world’s largest automotive alliance, the fund makes strategic investments at all start-up stages and incubates new automotive entrepreneurs at the cutting edge of next-generation systems for the automotive industry. Alliance Ventures is aligned with the objectives of “Alliance 2022”, Renault-Nissan-Mitsubishi’s midterm plan which aims to strengthen cooperation and double the annualized synergies generated by Renault, Nissan, and Mitsubishi Motors to more than €10 billion.

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Investment focus

  • Industry: Software, Automotive, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: Norway, United States, China

Investor stats

  • Total investments: 16
  • Round size: Series A $5M–$24M; Series B $12M–$30M; Series C $46M–$310M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $1B in 2018

Portfolio highlights

  • 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.
  • 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!
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
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Lugard Road Capital
VC Fund · New York, New York, United States · 1 investments in Norway Marketplace startups

Lugard Road Capital is a venture capital firm that invests primarily in the Internet, software, consumer, and technology sectors. Lugard Road Capital is affiliated with U.S. hedge fund Luxor Capital Group.

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Investment focus

  • Industry: SaaS, E-Commerce, Software
  • Stage:Series B, Series C, Series D
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 16
  • Round size: Series B $41M–$77M; Series C $29M–$153M; Series D $80M–$99M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Shine — Ageras redefines administration for small businesses by integrating banking, accounting, and tax filing in a single platform.
  • Quince — Quince brings luxury products like Mongolian Cashmere, Italian Leather, Turkish Cotton and Washable Silk to everyone at radically low prices. Shop premium essentials with no middleman.
  • Xeneta — Xeneta is the leading ocean and air freight rate benchmarking and market analytics platform transforming the shipping and logistics industry.
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Schibsted
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Marketplace startups

A global family of digital consumer brands leading the way across media, online marketplaces and technology ventures.

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Investment focus

  • Industry: E-Commerce, Apps, Music
  • Stage:Seed, Series A, Series C
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 7
  • Round size: Seed $1.2M–$9.6M
  • Lead/follow: 57% lead, 43% follow

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.
  • Tings — Tings is a mobile app that helps people to organize and retain, and sell non-required recyclable and used merchandise.
  • Ingrid — Ingrid was founded with a mission to create delivery experiences that fit people's lives by letting e-commerce businesses deliver sustainable growth and giving shoppers the power to personalize delivery and returns. The result is a better overall customer experience and greater efficiency for both the retailer and the delivery carrier.
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TeleVenture Management
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Marketplace startups

Making Venture Happen. Televenture is one of the leading venture capital companies in Norway.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Venture - Series Unknown $686k–$5.9M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • CrayoNano — CrayoNano is a next generation semiconductor company. We specialize in nanotechnology that will enable a more sustainable and healthier life for tomorrow.
  • Genetic Analysis — Genetic Analysis AS (GA) has the goal of being a leader within the field of molecular diagnostics of diseases related to gut imbalances. By utilizing the DNA-based GA-map™ array technology, profiles of a patient’s gut microbiota is quickly generated and can be related to various health conditions. Genetic Analysis has developed a DNA-basedtechnology platform that allows for simultaneous analysis of a large number of similarities (but not identical) gene fragments in one reaction. The company’s focus is to utilize this technology platform to identify variations in the hundreds of different bacteria that exist in the gut (large and small intestine). The GA - map makes it possible, for the first time, to offer a diagnostic solution – including early detection - for many diseases that are affected by imbalances in the gut microbiota. Genetic Analysis will offer kits and services for a wide range of applications.
  • Stingray Marine Solutions — Stingray Marine Solutions is a Norwegian technology firm that produces a laser unit which, when lowered into salmon farming pens, kills sea lice. It is based on entrepreneur Esben Beck’s patented idea in 2010 for salmon louse removal using camera vision and laser. It all started with Esben Beck and a lathe in his basement in 1999. After more than10 years of deliveries to oil, gas and offshore companies, he decided to invest in his own products. He decided to found and develop his own salmon louse project, where design, production, software development, testing, and installation were carried out by using in-house resources.Stingray is based in Oslo, Norway.
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Marketplace startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

  • Industry: Real Estate, Information Technology, Software
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 10
  • Round size: Seed $766k–$4M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Plaace — Plaace er en AI-drevet stedsintelligensplattform som leverer data og innsikt for enhver gate og by. Ta smartere lokasjonsbeslutninger.
  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • 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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Nordic Makers
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Norway Marketplace startups

Nordic Makers invests in early-stage Nordic B2B software startups, offering capital and founder support to help them scale globally.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, United States, Norway

Investor stats

  • Total investments: 48
  • Round size: Seed $270k–$4.7M; Pre-Seed $206k–$2.6M; Series A $2.3M–$16M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Atech — Describe the hardware device you want to build. Atech generates the configuration and working firmware in minutes.
  • Pluto.markets — Pluto is the modern investment app for the 100m Europeans living in countries without the EUR.
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Day One Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway Marketplace startups

Day One Ventures is a venture capital firm that backs customer-obsessed companies and spearheads their communications. This enables the Day One team to become actively involved in its portfolio companies and plays a real, tangible role in helping them grow. The firm invests across industries from pre-seed to seed - and occasionally series A, andinvests between $100k and $5 million.Day One Ventures was founded by Masha Drokova, who is an angel investor, entrepreneur, communications executive, and Forbes 30 Under 30 Honoree.

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Investment focus

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

Investor stats

  • Total investments: 133
  • Round size: Seed $2.7M–$17M; Pre-Seed $200k–$4.1M; Series A $9M–$30M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • RMFG — We make custom sheet metal parts (in the US) and ship them to you. Instant pricing, no minimum order quantities.
  • Tivara — Automate patient phone calls across scheduling, refills, intake, and after-hours workflows. All while improving access, reducing wait times, and lowering operational costs.
  • Netic — Netic provides an AI-driven platform designed to automate and optimize customer engagement and operational workflows for essential service industries, including HVAC, plumbing, electrical, and appliance services. The platform autonomously handles inbound communications across various channels—such as calls, texts, and web chats—by bookingappointments and managing inquiries directly within existing CRM or field service management systems . Utilizing generative AI models, Netic's system assesses customer interactions to prioritize urgent requests, predict maintenance needs, and initiate targeted outreach campaigns based on factors like weather patterns and service history . This approach aims to enhance technician utilization and reduce missed revenue opportunities during periods of fluctuating demand . Additionally, Netic offers analytics tools that provide insights into customer interactions and operational performance, supporting data-informed decision-making .
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EMOS
VC Fund · Silava, Preilu, Latvia · 1 investments in Norway Marketplace startups

The EMOS company portfolio holds more than 1 300 active product items which are ready for immediate use. This product portfolio is divided into product groups lead by specialists who will help to ensure clarity in all aspects of technical support and purchase

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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KLP Liv
VC Fund · 1 investments in Norway Marketplace startups

KLP Liv

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Marketplace 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, Software, Robotics
  • Stage:Series A, Series B
  • Geography: Norway

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
  • eSmart Systems — ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.
  • 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.
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Algård Holding
VC Fund · Sandnes, Rogaland, Norway · 1 investments in Norway Marketplace startups

Algard Holding is a Norwegian real estate firm.

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Investment focus

  • Industry: Security, GreenTech, Lifestyle
  • Stage:Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Futurehome — Futurehome is a smart home and security solutions company helping apartment buildings and private homes digitalise and smarten up their homes to be safer, more energy efficient and building management. Futurehome currently has over 7000 multi dwelling units for smart fire solutions and water leakage to elderly apartments buildings. For newapartment buildings the back log is over 5000 units in the years to come. These customers are on a monthly service providing recurring revenue for the company. Futurehome also sells smart home solutions to private households, with over 20 000 homes today. The company partners and cooperates with energy companies to help the consumers save energy and have complete control of their homes. Partners can use the Futurehome Playgrounds to integrate to our smart home platform for boilers, heat pumps, energy banks and more.
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BioInnovation Institute
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Norway Marketplace 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, Seed
  • Geography: Denmark, Germany, Switzerland

Investor stats

  • Total investments: 93
  • Round size: Seed $532k–$1.8M; Pre-Seed $530k–$5.2M; Convertible Note $495k–$1.6M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Visibuilt — Visibuilt develops sustainable, bio-based asphalt binders made from mycelium. Replace fossil bitumen with visiBIT.
  • Agrobiomics — Agrobiomics is a danish Agritech start-up, harnessing the power of soil bacteria and their metabolites as new biostimulants to help crops cope with abiotic stress such as drought.
  • metaLead Therapeutics — metaLead Therapeutics is to develop this peptide as a next-generation Pb poisoning treatment.
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FJ Labs
VC Fund · New York, New York, United States · 1 investments in Norway Marketplace startups

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Brazil

Investor stats

  • Total investments: 1792
  • Round size: Seed $1.2M–$9.3M; Series A $5M–$30M; Series B $10M–$65M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $5.5M in 2016

Portfolio highlights

  • HUNTY — HUNTY is a platform that help people find jobs by connecting them with world class mentors who prepare them for the job search process. And people only pay when they get hired.
  • Mainstay — System of intelligence for residential real estate.
  • Odyssey — Discover how Odyssey Energy Solutions unblocks bottlenecks in DRE project development. Access diverse financing, procure equipment efficiently, and remotely monitor system performance. Join over 2000 renewable energy companies that use Odyssey to scale. Get in touch today.
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DNV
VC Fund · Norway, South Carolina, United States · 1 investments in Norway Marketplace startups

Driven by our purpose of safeguarding life, property and the environment, DNV enables organizations to advance the safety and sustainability of their business.

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Investment focus

  • Industry: SaaS, Solar, Drones
  • Stage:Seed, Venture - Series Unknown
  • Geography: Norway, United States, Germany

Investor stats

  • Total investments: 6
  • Round size: Seed $1.7M–$7M; Venture - Series Unknown $12M–$36M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • SplxAI — SplxAI provides the most comprehensive platform for AI Security Testing and Red Teaming, ensuring your AI Assistants and Agents are secure and reliable from build to runtime.
  • 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.
  • Recare — Recare rethinks discharge management. Our digital solutions optimize the clinical pathways between hospitals and care providers. The centerpiece is our cloud-based platform. It enables real-time coordination of capacities and secure, privacy-compliant communication. This leaves more time for the really important things: patient care.
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IKM Invest
VC Fund · 1 investments in Norway Marketplace startups

IKM Invest is a private investment company that invests in real estate and private companies. Their focus is on identifying real estate projects and companies with significant potential and actively contributing capital and expertise to further develop them.

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Investment focus

  • Industry: Electronics, Security, GreenTech
  • Stage:Seed, Venture - Series Unknown
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Futurehome — Futurehome is a smart home and security solutions company helping apartment buildings and private homes digitalise and smarten up their homes to be safer, more energy efficient and building management. Futurehome currently has over 7000 multi dwelling units for smart fire solutions and water leakage to elderly apartments buildings. For newapartment buildings the back log is over 5000 units in the years to come. These customers are on a monthly service providing recurring revenue for the company. Futurehome also sells smart home solutions to private households, with over 20 000 homes today. The company partners and cooperates with energy companies to help the consumers save energy and have complete control of their homes. Partners can use the Futurehome Playgrounds to integrate to our smart home platform for boilers, heat pumps, energy banks and more.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
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Marketplace VC funding in Norway at a glance

Stats across 184 deals from 157 investors.

157
investors
in Norway Marketplace startups
184
deals
in Norway Marketplace startups
$1.1M
median round
in Norway Marketplace startups
50%
lead investors
lead at least one round
25%
Seed
most common funding stage

Access all 157 VC funds in Norway Marketplace startups.

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