Top 20 Medical Device Startup Investors in Norway (September 2026)

Portfolio highlights

• Oivi — Smart and automated eye screening, anywhere.
• Over Easy Solar — Prefabricated units with vertical bifacial solar panels for flat and green rooftops. The innovative photovoltaic solution from Over Easy Solar is unique, with quick and easy mounting for sedum roofs and flat roofs with low load-bearing capacity.
• Inherit Carbon Solutions — Permanent carbon removal from organic waste, operational today. We capture biogenic CO2 and store it permanently under the North Sea.

Portfolio highlights

• Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
• BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
• Birdsview — We offer non-destructive AI-powered concrete assessment. Get precise structural insights with our 3D point cloud, optimize maintenance, and save costs.

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

Portfolio highlights

• Mannjal — Growth platform for regional NBFCs/Lenders
• Flo Mobility — India's largest construction robotics company. Autonomous material movement robots and electric wheelbarrows that cut site costs. No capex.
• RenaissThera — RenaissThera is a biotechnology startup that uses AI platforms to produce low-cost, new small-molecule-targeted medicines.

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.

Portfolio highlights

• AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
• BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
• Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.

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.

Portfolio highlights

• Step Pharma — Step Pharma is a spin-off of Imagine Institute stemming from Pr. Alain Fischer’s research on genetic immunodeficiencies. Step Pharma is a joint venture between Imagine, a research and innovative healthcare institute, Sygnature Discovery, a leading provider of integrated drug discovery resource and expertise, and Kurma Partners, a major player inthe funding of healthcare and biotechnology in Europe.
• ARTHEx Biotech — ARTHEx Biotech S.L. is a spin-off company of the University of Valencia that is developing advanced RNA treatments against genetic diseases.
• TargED Biopharmaceuticals — TargED Biopharmaceuticals is a biotechnology company that develops first-in-class biological drugs to improve treatment of thrombosis.TargED stands for Targeted Enzyme Delivery. Their biological drugs are unique by using small antibodies (“VhH”) to deliver enzymes to sites of thrombosis, enabling ‘targeted’ thrombolysis.

Portfolio highlights

• Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
• InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
• The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.

Portfolio highlights

• Bookboost — Communicate with your guests without any effort and across the entire guest journey. Our Multi-Channel CRM and Unified Inbox are here to help you enhance your guest experience.
• Hili — Hili is a financial service company that provides cash in return for a share in the homeownership.
• TastyUrban — TastyUrban is in the process of developing a new generation of restaurant usage and strategy.

Portfolio highlights

• GlucoSet — GlucoSet develops tools for accurate continuous glucose monitoring in Intensive Care Units, to reduce patient mortality and hospital costs.
• Fractory — Custom metal fabrication services | Prototyping, project & volume production | 1-1 engineering support, flexible payment terms, instant quotes & lead times.
• Zelos Team Management — A very simple app for mobile teams. Promoting #volunteering and #selfsignup as a mindset for successful teamwork everywhere.

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.

Portfolio highlights

• GlucoSet — GlucoSet develops tools for accurate continuous glucose monitoring in Intensive Care Units, to reduce patient mortality and hospital costs.
• BOYDSense — BOYDSense specializes in developing non-invasive and affordable tools for measuring critical biomarkers via the exhaled breath. The company provides breath-based metabolomics focuses on the capture, identification, and quantification of volatile organic compound (VOC) biomarker patterns in human breath and using it to diagnose and monitor chronicdiseases.It was founded in 2015 and headquartered in South San Francisco, California.
• Luna Diabetes — Luna Diabetes offers smart insulin delivery for pen users, designed for safe overnight use so you can wake up rested and in control.

Portfolio highlights

• Nected — Automate your backend flows, logics & experiments quickly within minutes using Nected's Rule Engine, Workflow automation & Experimentation Engine. Accelerate your innovation & growth. Highly Scalable, performing and customizable to adapt to any business needs and scale.
• BiteSpeed — Drive 10% of your Shopify store's revenue from WhatsApp & FB Messenger. Recover abandoned carts, send promotional & shipping messages. Trusted by 1500+ brands!
• Herd Security — HerdAI is the agentic training platform that turns your policies and live threats into microlessons in minutes, delivered in Slack and Teams. GRC and security leaders hit 100% audit-ready without chasing completions.

Portfolio highlights

• Alpha Eight AS — A purely algorithmic driven hedge fund and tech company delivering proven excessive returns to Institutional capital owners.While quantitative hedge funds "using ML" are common there are actually very few purely algorithmic hedge funds in the Capital Markets. Alpha Eight (www.alphaeight.ai) is to become Europe's answer toRenaissance Technologies, delivering significant & consistent excess returns, at reduced risk, for institutional investors. It is launching in 2025 as a 100% AI driven fund with proprietary algorithms and strategy.
• Ambr Institute AS — Platform for personalized preventive medicine

Portfolio highlights

• Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
• Hystar — Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions.
• Hydrogen Mem-Tech — Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.

Portfolio highlights

• Heidi Health — Heidi Health develops an ambient AI medical scribe platform that automates clinical documentation and related tasks. It listens to patient-clinician conversations, transcribes key highlights, and then produces structured notes, referral letters, patient summaries, billing codes, and other downstream documents. The system supports customizabletemplates, allows editing during sessions, and integrates with various EHR systems while offering compliance with privacy and security standards. Clinicians in multiple specialties and care settings use Heidi to reduce administrative burden, improve focus on patient care, and streamline workflows.
• VulnCheck — Vulnerability intelligence that predicts avenues of attack with speed and accuracy.
• Grain — Grain offers the only end-to-end embedded cross currency solution that allows software platforms and marketplaces to eliminate FX risk for their end customers. With a simple, automated tool, Grain's partners and their customers can lock currency rates and transfer funds across borders without the hassle of banks or brokers.

Portfolio highlights

• Neemans — Neeman's are designed to be your Most comfortable Sneaker. They are made better with Natural & Sustainable Materials. Neeman's Shoes are Lightweight, Flexible, Sock-free, Odour Resistant and Machine Washable. Made with Merino Wool, Organic Cotton , Recycled Plastic Bottles . Change the Norm with Neeman's Sneakers.
• Navo — Zero commission video shopping B2B wholesale app, specially made for B2B buyers and sellers in the fashion industry.
• TakeMe2Space — Building space data center, open for all.

Portfolio highlights

• Picterus — Picterus is an app under development designed to diagnose Jaundice in newborns.Untreated jaundice in newborns is responsible for more than 100,000 deaths each year. More than three-quarters of these deaths occur in the poorest regions of the world, in Sub-Saharan Africa and South Asia. Cheap treatment is partially available, but the screeningdevices in use today cost around 7,000 dollars, making them practically unavailable in low-resource settings. In addition, due to the global trend of shorter hospital stays after birth, there is now a large unmet need for tools to follow-up jaundice in families' homes. With jaundice now being the number one reason for readmissions to hospitals after birth.

Portfolio highlights

• Oivi — Smart and automated eye screening, anywhere.
• Defigo — Defigo is a modern, convenient and user-friendly access control system, made with residential and commercial properties in mind. The Defigo system has been designed to manage property access, increase security and create an easier everyday life for tenants and property managers.
• Vipicash — Vipicash is a financial services startup that locks cash into goods and services to eradicate corruption and mismanagement of funds sent to Africa, Asia and Latin America.