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Top 10 Medical Device Startup Investors in Norway in May 2026

A list of 10 angel investors and VC (Venture Capital) funds that invest in Medical device startups based in Norway. We rank investors based on the number of investments they made in Medical device companies from Norway. We update this investor list every month.

Top 10 Medical Device Startup Investors in Norway in May 2026

Investor Medical Device Norway investments
Stratel 3
Skyfall Ventures 3
Investinor 3
Arali Ventures 3
Farvatn Venture 2
Nordic Angel Program 1
ProVenture 1
CoFounder 1
SINTEF Venture AS 1
Swiss Diabetes Venture Fund 1

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Investor list
Stratel
VC Fund · Oslo, Oslo, Norway

Stratel AS is a family owned Norwegian investment and development company, founded in 1976 by Reidar Lorentzen. Stratel invests in entrepreneurs and companies with high ambitions, positive impact and a promising value potential. We invest in both startups, ventures and mature businesses. ​ Their investment philosophy is for Fun, Sense and Profit.

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Investment focus

  • Software, Robotics, Health Care
  • Seed, Pre-Seed, Funding Round
  • Norway, United Arab Emirates

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Aivero — The Easiest Path from Camera to Machine Learning. Aivero provides an intuitive platform for real-time video streaming across multiple cameras, enabling effortless data capture from both 2D and 3D sensors
  • Inherit Carbon Solutions — Inherit Carbon Solutions creates durable nature-friendly carbon removal solutions.
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway

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

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Investment focus

  • Software, Information Technology, Artificial Intelligence
  • Pre-Seed, Seed, Funding Round
  • Norway, Denmark, United States

Portfolio highlights

  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Take Take Take — Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 investments in the past 12 months

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

  • Software, Biotechnology, Manufacturing
  • Funding Round, Series A, Seed
  • Norway, United States, Sweden

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.
  • Actithera — Actithera is a molecular radiotherapeutic company that develops radioligand therapies. It translates medicinal chemistry insights into new radioligand therapies (RLTs) and applies various molecular design strategies, including covalent targeting and an isotope-agnostic philosophy, to invent RLTs with significant differentiation and largertherapeutic windows.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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Arali Ventures
VC Fund · Bangalore, Karnataka, India

We are a seed fund focused on enterprise tech businesses out of India. We invest early, help build the venture with the promoter teams.

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Investment focus

  • Artificial Intelligence, Software, B2B
  • Seed, Series A, Pre-Seed
  • India, United States, Norway

Portfolio highlights

  • Pibit — Pibit transform loss run files into comprehensive reports with actionable insights, helping carriers and MGAs enhance underwriting efficiency and make better, more accurate decisions.
  • Wingman — Let Wingman help your team close sales faster with real-time coaching, custom cue cards, objection handling and the best conversation intelligence.
  • Harvested Robotics — Harvested Robotics is an ag-tech company that focuses on safeguarding farms from weeds and diseases by lasers, robotics, and AI technology.
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Farvatn Venture
VC Fund

Planet 9 Venture supports startups and work with venture funds to make a positive imprint on the world.

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Investment focus

  • Water, Apps, SaaS
  • Seed, Series A, Funding Round
  • Norway, United States, United Kingdom

Portfolio highlights

  • LAXEY — LAXEY specializes in sustainable land-based aquaculture and the development of fish farming facilities.
  • Evari — Advanced manufacturer of next-gen turbocompressors, driving breakthrough heat pump performance
  • Inherit Carbon Solutions — Inherit Carbon Solutions creates durable nature-friendly carbon removal solutions.
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Nordic Angel Program
VC Fund

International training and investment program for business angels

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Investment focus

  • Apps, Medical, Software
  • Seed, Angel
  • Norway, Finland

Portfolio highlights

  • GlucoSet — GlucoSet develops tools for accurate continuous glucose monitoring in Intensive Care Units, to reduce patient mortality and hospital costs.
  • Screenful — Screenful is the easiest way to visualise your project progress using data from Jira, Trello, Asana, Github & Gitlab. Save time and get all the metrics you need at a glance with automated dashboards, custom charts and predictive reporting all in one place.
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway

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

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Investment focus

  • Software, Oil and Gas, Manufacturing
  • Seed, Funding Round, Series A
  • Norway, United States, India

Portfolio highlights

  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
  • Cimon Medical — Cimon Medical develops and manufactures novel Doppler ultrasound technology for healthcare and aim to become the market leader in continuous direct monitoring of blood-flow. The first product to be released in Q4 21 is NeoDoppler - non-invasive continuous monitoring of blood-flow in the brain of premature or critically ill infants.
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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway

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

  • Industrial, Manufacturing, SaaS
  • Seed, Funding Round, Series A
  • Norway

Portfolio highlights

  • Nicoustic — Nicoustic developed accurate, non-intrusive technology for separator-level measurement based on Guided Ultrasonic Waves. Their technique uses guided ultrasonic waves to measure the amounts of solids and liquids using sensors. It is being developed to measure the interface layers between emulsion and foam.Nicoustic's prototype is the outcomeof 20 years of study at the German Fraunhofer IKTS and a response to a challenge put forth by Equinor, the largest energy company in Norway.
  • Aviant — Delivering full-stack drone services that enables autonomous and on-demand transport of cargo.
  • Receipts — Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway

We commercialize technology created by SINTEF's research environments

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Investment focus

  • Software, Manufacturing, Energy
  • Seed, Funding Round, Pre-Seed
  • Norway, United States, United Kingdom

Portfolio highlights

  • Nomono — Capture studio-quality podcasts with immersive 3D audio. Get professional mics, AI editing, and cloud storage in one system. Start your free trial today.
  • Hystar — Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions.
  • Hydrogen Mem-Tech — Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture.
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Swiss Diabetes Venture Fund
VC Fund · Lausanne, Vaud, Switzerland

Swiss Diabetes Venture Fund is europe’s first venture fund dedicated to diabetes technology.

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Investment focus

  • Medical, Health Care, Medical Device
  • Series A, Funding Round
  • Norway, Sweden, Switzerland

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.
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