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Top 15 Medical Device VC Funds & Investors in Norway (October 2026)

The most active venture capital funds investing in Norway Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Medical Device startup companies. Find investors to raise a Pre-Seed, Seed or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Stratel
VC Fund
5 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Farvatn Venture
VC Fund
4 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$8M
Arali Ventures
VC Fund
3 India, United States, Norway Seed, Series A, Pre-Seed Artificial Intelligence, Software, B2B $550k–$36M
Skyfall Ventures
VC Fund
3 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Investinor
VC Fund
3 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
EISMEA
VC Fund
2 Spain, Italy, United Kingdom Grant, Venture - Series Unknown, Seed Manufacturing, Software, Biotechnology $53k–$2.6M
ProVenture
VC Fund
1 Norway, United States, India Seed, Venture - Series Unknown Software, Oil and Gas, Information Technology $754k–$4M
SINTEF Venture AS
VC Fund
1 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
Swiss Diabetes Venture Fund
VC Fund
1 United States, Norway, Sweden Series A, Venture - Series Unknown Health Care, Medical Device, Medical $6.6M–$25M
TeleVenture Management
VC Fund
1 Norway, United States Venture - Series Unknown, Seed Software, Manufacturing, Biotechnology $686k–$5.9M
CoFounder
VC Fund
1 Norway Seed, Series A Industrial, Manufacturing, SaaS $956k–$2.3M
CVX Ventures
VC Fund
1 Denmark, Sweden, Norway Seed, Pre-Seed, Angel Manufacturing, SaaS, Gaming $44k–$5.5M
Intellectual Labs AS
VC Fund
1 Norway Pre-Seed Medical Device, Health Diagnostics, Artificial Intelligence $600k–$1.4M
Forward Slash Capital
VC Fund
1 India, United States, Norway Seed, Pre-Seed Software, Financial Services, Artificial Intelligence $25k–$3.5M
Hadean Ventures
VC Fund
1 Sweden, Norway, Austria Series A, Series B, Venture - Series Unknown Biotechnology, Health Care, Medical $2M–$79M
Access all 39 VC funds in Norway Medical Device startups.

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Investor list

Stratel
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway Medical Device startups

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

  • Industry: Software, Robotics, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United Arab Emirates

Investor stats

  • Total investments: 11
  • Round size: Seed $320k–$3M; Pre-Seed $600k–$2M
  • Lead/follow: 9% lead, 91% follow

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.
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Farvatn Venture
VC Fund · 4 investments in Norway Medical Device startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 85
  • Round size: Seed $1M–$8M; Pre-Seed $120k–$1M
  • Lead/follow: 0% lead, 100% follow

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 — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
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Arali Ventures
VC Fund · Bangalore, Karnataka, India · 3 investments in Norway Medical Device startups

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

  • Industry: Artificial Intelligence, Software, B2B
  • Stage:Seed, Series A, Pre-Seed
  • Geography: India, United States, Norway

Investor stats

  • Total investments: 43
  • Round size: Seed $550k–$3.5M; Pre-Seed $600k–$1.6M; Series A $567k–$36M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

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.
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Medical Device 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 — Continuous Black, Grey, and White box pentesting. Cover authorized targets, prove exploitable findings with replay evidence, and ship the fix.
  • Volve — Understand risk before you price, prove coverage before you submit, protect margin before you sign. AI that connects documents, drawings and BIM models.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 investments in Norway Medical Device 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: 133
  • 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 — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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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EISMEA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Norway Medical Device startups

EISMEA is an executive agency of the European Commission that implements European Union programs supporting innovation, small and medium-sized enterprises, and the Single Market. The agency manages the European Innovation Council and European Innovation Ecosystems programs under Horizon Europe. It also implements the SME component of the Single Market Programme and the Interregional Innovation Investments instrument. EISMEA provides funding and support for innovators, researchers, businesses, regions, and other organizations through grants, procurement, investment, and advisory programs. Its activities cover innovation development, SME competitiveness, entrepreneurship, market access, consumer policy, standardization, and interregional innovation. The agency also supports the implementation of EU policies and programs related to innovation ecosystems and economic development.

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Investment focus

  • Industry: Manufacturing, Software, Biotechnology
  • Stage:Grant, Venture - Series Unknown, Seed
  • Geography: Spain, Italy, United Kingdom

Investor stats

  • Total investments: 3546
  • Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
  • Lead/follow: 30% lead, 70% follow

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.
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Medical Device startups

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

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Investment focus

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

Investor stats

  • Total investments: 41
  • Round size: Seed $754k–$4M; Venture - Series Unknown $1.6M–$3M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Medical Device startups

We commercialize technology created by SINTEF's research environments

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Investment focus

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

Investor stats

  • Total investments: 34
  • Round size: Seed $160k–$6.2M; Venture - Series Unknown $1.5M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $62M in 2018

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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 · 1 investments in Norway Medical Device startups

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

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Investment focus

  • Industry: Health Care, Medical Device, Medical
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Norway, Sweden

Investor stats

  • Total investments: 6
  • Round size: Series A $6.6M–$24M; Venture - Series Unknown $7.6M–$25M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Piomic — Non-invasive treatment with minimal staff supervision to produce a durable structural, functional and cosmetic closure of hard-to-heal wounds.
  • 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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TeleVenture Management
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Medical Device 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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Access 48,091 investors

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

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CoFounder
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Medical Device 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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CVX Ventures
VC Fund · Köpenhamn, Vasternorrlands Lan, Sweden · 1 investments in Norway Medical Device startups

Together with our partners, we invest capital and skills in the most promising growth companies and make a difference for Nordic businesses.

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Investment focus

  • Industry: Manufacturing, SaaS, Gaming
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Denmark, Sweden, Norway

Investor stats

  • Total investments: 84
  • Round size: Seed $100k–$5.5M; Pre-Seed $44k–$2.3M
  • Lead/follow: 6% lead, 94% follow

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.
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Intellectual Labs AS
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Medical Device startups

Intellectual Labs is an AI venture studio in Oslo. Scientists, engineers and operators who co-found AI companies from research and back them with capital from day one.

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Investment focus

  • Industry: Medical Device, Health Diagnostics, Artificial Intelligence
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $600k–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Alpha Eight AS — Alpha Eight is a systematic volatility and global macro fund based in Oslo. Our website is opening soon. Interested allocators are welcome to contact us.
  • Ambr Institute AS — Platform for personalized preventive medicine
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Forward Slash Capital
VC Fund · Bangalore, Karnataka, India · 1 investments in Norway Medical Device startups

We fund innovative startups that are globally relevant and technology oriented Early stage startups need support beyond funding. At Forward Slash, we not only invest but also helps founders scale business

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: India, United States, Norway

Investor stats

  • Total investments: 16
  • Round size: Seed $25k–$3.5M
  • Lead/follow: 0% lead, 100% follow

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 — Herd trains your people on the attacks actually reaching them, coaches the ones who need it, and reports how their risk level moved across the quarter. It runs inside Slack and Teams, built from your own policies.
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Hadean Ventures
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Medical Device startups

Hadean Ventures is a life science fund manager that invests in life science companies across europe with a particular focus on the nordic region. The funds are backed by leading private and institutional investors. Hadean Ventures has offices in oslo and stockholm and collaborates with world-class academic institutions and start-up hubs across the region

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Sweden, Norway, Austria

Investor stats

  • Total investments: 36
  • Round size: Series A $4.2M–$79M; Series B $4.5M–$75M; Venture - Series Unknown $2M–$29M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $168M in 2021

Portfolio highlights

  • Oncoinvent — Oncoinvent AS designs and develops cancer treatments by applying known physical and chemical principles of selected novel materials in new ways in order to maximize their medical benefit while minimizing potential safety concerns.
  • Kasvu Therapeutics — Kasvu develops first and best-in-class small molecule neuroplastogens for diseases where neuronal connectivity is altered
  • 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.
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Medical Device VC funding in Norway at a glance

Stats across 62 deals from 39 investors.

39
investors
in Norway Medical Device startups
62
deals
in Norway Medical Device startups
$1.6M
median round
in Norway Medical Device startups
67%
lead investors
lead at least one round
42%
Grant
most common funding stage

Access all 39 VC funds in Norway Medical Device startups.

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