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Top 15 Oil and Gas Startup Investors in Norway (October 2026)

The most active venture capital funds and angel investors investing in Norway Oil and Gas startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Oil and Gas 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
ProVenture
VC Fund
5 Norway, United States, India Seed, Venture - Series Unknown Software, Oil and Gas, Information Technology $754k–$4M
ConocoPhillips Technology Ventures
VC Fund
2 United States, Norway Series A, Venture - Series Unknown Oil and Gas, Manufacturing, Analytics $10M–$10M
SINTEF Venture AS
VC Fund
2 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
Saudi Aramco Energy Ventures
VC Fund
2 United States, Norway, United Kingdom Series B, Series C, Series A Energy, Oil and Gas, Software $3M–$110M
Shell Ventures
VC Fund
2 United States, United Kingdom, India Series A, Series B, Venture - Series Unknown Energy, Renewable Energy, Software $2.8M–$126M
Almi Företagspartner AB
VC Fund
1 Sweden, Norway Debt Financing, Grant, Post-IPO Debt Artificial Intelligence, SaaS, Health Care $2.6k–$1.4M
Penny Venture
VC Fund
1 Norway Pre-Seed B2B, Fuel, Energy $400k–$748k
Energy Capital Partners
VC Fund
1 United States, Canada, France Private Equity, Post-IPO Equity Energy, Oil and Gas, Solar $43M–$1B
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
Michiko
VC Fund
1 Norway Pre-Seed Fuel, Energy, Shipping
Energy Technology Ventures
VC Fund
1 United States, United Kingdom, Israel Series C, Series A Energy, Oil and Gas, Hardware $14M–$25M
BIzCap
VC Fund
1 United States, Norway Debt Financing, Corporate Round, Seed Manufacturing, Organic Food, Food and Beverage $1.4M–$30M
Sembcorp Industries
VC Fund
1 India, Norway Private Equity Energy, Oil and Gas, Renewable Energy
Chevron Technology Ventures
VC Fund
1 United States, United Kingdom, Canada Series A, Series B, Series C Energy, Software, Manufacturing $4.8M–$115M
Investinor
VC Fund
1 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
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Investor list

ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway Oil and Gas 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 — 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.
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ConocoPhillips Technology Ventures
VC Fund · Houston, Texas, United States · 2 investments in Norway Oil and Gas startups

Implementing emerging technologies in our operating assets and exploration efforts has enabled us to realize improvements in various activities.

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Investment focus

  • Industry: Oil and Gas, Manufacturing, Analytics
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Norway

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $10M–$10M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Maana — Maana is the pioneer in knowledge-centric technology. The Maana Knowledge Platform accelerates knowledge discovery to increase profitability. Maana’s patented Knowledge Graph— a breakthrough invention — at the core of the platform expedites extracting knowledge from data silos, to reveal the relationships within the context of an asset or processcompanies wish to optimize. Global companies such as GE, Chevron, and Shell are increasing profitability with Maana by operationalizing insights into line-of-business applications for thousands of employees to make faster data-driven decisions. Investors include Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital, Saudi Aramco Energy Ventures, and Shell Technology Ventures. Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington.
  • Ziebel — Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes itpossible to access and visualize the entire well bore in real-time.
  • Modumetal — Modumetal has enabled a revolutionary new class of nanolaminated materials with broad application in structural, corrosion and high temperature performance of coatings, bulk materials and partsModumetal is based on the interaction of different materials at their interfaces. By laminating metals, Modumetal creates a new way to influence materialproperties. By growing metal using low-cost electrochemical methods, Modumetal enables a whole new class of applications of these materials.Modumetal is currently producing nanolaminated alloys for applications in construction, energy and aerospace markets.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Oil and Gas 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 — 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.
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Saudi Aramco Energy Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 2 investments in Norway Oil and Gas startups

Saudi Aramco Energy Ventures is the corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia),SAEV also operates through regional offices in North America and Europe. SAEV's Objectives are: - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi ArabiaSAEV's investment Focus Areas are: - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand

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Investment focus

  • Industry: Energy, Oil and Gas, Software
  • Stage:Series B, Series C, Series A
  • Geography: United States, Norway, United Kingdom

Investor stats

  • Total investments: 90
  • Round size: Series A $3M–$28M; Series B $4M–$50M; Series C $4M–$110M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2020

Portfolio highlights

  • Seeq — Seeq Corporation develops software and services that accelerate industrial process analytics on industrial process data.
  • Novomer — Novomer is a new materials company pioneering a family of competitively priced high-performance green plastics, polymers and other chemicals. With proprietary catalytic technology and a world-class scientific team, Novomer's groundbreaking technology allows carbon dioxide and other renewable materials to be cost-effectively transformed intopolymers, plastics and other chemicals for a wide variety of industrial markets.It was founded in 2004 and headquartered in Waltham, Massachusetts.
  • 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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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 2 investments in Norway Oil and Gas startups

Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 176
  • Round size: Series A $6M–$31M; Series B $2.8M–$126M; Venture - Series Unknown $3M–$32M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Mazama — Superhot rock geothermal, proven at 629 degrees F, with the potential to deliver gigawatt-scale, always-on power, anywhere.
  • Asperitas — Asperitas is a clean-tech company focused on greening the datacentre industry by introducing Immersed Computing. Since 2014 Asperitas has worked on validating and developing Immersed Computing® as a unique approach to the datacentre industry. Building on existing liquid immersion cooling technologies by adding integration of power and networkcomponents, improving cooling physics with a strong focus on design and engineering for usability, Asperitas has come up with a complete and integrated solution which can be effectively utilised in most, if not all situations.
  • Bumper — Split the cost of your car repairs and servicing into manageable monthly instalments with 0% interest. Fix it. Split it. Sorted.
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Almi Företagspartner AB
VC Fund · Malmö, Skane Lan, Sweden · 1 investments in Norway Oil and Gas startups

Almi Företagspartner Skåne is owned by the Swedish state and is the parent company of a group consisting of Almi Invest AB.

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Investment focus

  • Industry: Artificial Intelligence, SaaS, Health Care
  • Stage:Debt Financing, Grant, Post-IPO Debt
  • Geography: Sweden, Norway

Investor stats

  • Total investments: 10
  • Round size: Grant $2.6k–$9.2k; Post-IPO Debt $290k–$1.1M; Debt Financing $35k–$1.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Hynion — Hynion is among the world's most experienced operators of hydrogen refueling stations. We have over fifteen years of experience and expertise in the development and operation of hydrogen refueling stations. Our business idea is to make hydrogen gas available by supplying hydrogen refueling stations with safe and proven designs.
  • Serstech — Chemical Intelligence Solutions company in Safety & Security. Helping users to identify hazardous chemicals, explosives and narcotics with connected sensors.
  • Klimator AB — Klimator is a Swedish software company pioneering road weather intelligence. 30+ years of research for safer roads and autonomous driving. Listed on Nasdaq First North (KLIMAT).
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Penny Venture
VC Fund · 1 investments in Norway Oil and Gas startups

Penny Venture is a venture company investing in high growth, entrepreneurial led start-ups

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Investment focus

  • Industry: B2B, Fuel, Energy
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $400k–$748k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vignita — Vignita offers a social learning platform for skilled workers. The Norwegian startup gathers all forms of training into one platform, connecting companies with experts and technology so that they can effectively collaborate to train professionals.
  • Powerzeek — Powerzeek is a platform company making it easy for the transport sector to find, buy and use cleaner fuels. The company's market is the $150 billion+ maritime fuel and $1 trillion+ land based fuel sector. Powerzeek´s customers are shipping companies and trucking companies buying fuel for their ships and trucks respectively, andoil/gas/energy companies selling fuel. The company meets several of UN´s SDG goals, is generating revenue today, and has many of the world's largest suppliers of LNG and methanol amongst its community members.
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Energy Capital Partners
VC Fund · Short Hills, New Jersey, United States · 1 investments in Norway Oil and Gas startups

ECP is a leading investor with a proven and established track record in power, renewables, storage and sustainability, and decarbonization infrastructure

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Investment focus

  • Industry: Energy, Oil and Gas, Solar
  • Stage:Private Equity, Post-IPO Equity
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 17
  • Round size: Private Equity $43M–$300M; Post-IPO Equity $100M–$1B
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • DCC Energy — DCC Energy is a multi-energy company that sells and distributes liquid gas, fuels, biofuels, on-grid gas, and renewable power to commercial, industrial, public, and residential customers. It also designs, installs, and maintains on-site solar and hybrid energy systems, and operates service stations offering fuel, convenience retail, car wash,electric vehicle charging, and fleet services. The company acquires and manages energy businesses to support energy supply and mobility services across multiple markets.
  • Gopher Resource — Gopher Resource has been a national environmental solutions provider for nearly 70 years, protecting the earth and preserving natural resources. Their purpose is the safe and efficient recycling of lead-based batteries throughout North America using sustainable practices and advanced technology.Gopher Resource is devoted to advancing safe,sustainable lead battery recycling. They’re proud of the recognition they’ve received for achieving high standards of environmental sustainability, safety, continuous improvement and product and service excellence.To supply quality products and services to their customers through environmentally safe recycling.To be recognized as a leader in implementing innovative process improvements.To enable all employees to realize personal and professional development through company-wide involvement, teamwork, open communications and training within a safe working environment.
  • Green Infrastructure Partners — Green Infrastructure Partners is an infrastructure company that provides comprehensive infrastructure solutions for public and private projects. Green Infrastructure Partners handles all aspects of infrastructure development from demolition to paving, using recycled materials to support Canada's growing cities.
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Michiko
VC Fund · 1 investments in Norway Oil and Gas startups

Michiko is a family holding company of Dag Lilletvedt

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Investment focus

  • Industry: Fuel, Energy, Shipping
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Powerzeek — Powerzeek is a platform company making it easy for the transport sector to find, buy and use cleaner fuels. The company's market is the $150 billion+ maritime fuel and $1 trillion+ land based fuel sector. Powerzeek´s customers are shipping companies and trucking companies buying fuel for their ships and trucks respectively, andoil/gas/energy companies selling fuel. The company meets several of UN´s SDG goals, is generating revenue today, and has many of the world's largest suppliers of LNG and methanol amongst its community members.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Energy Technology Ventures
VC Fund · New York, New York, United States · 1 investments in Norway Oil and Gas startups

Founded in January 2011, Energy Technology Ventures is a joint venture involving General Electric, NRG Energy, and ConocoPhillips. The fund is focused on the development of next-generation energy technologies. The JV invests in, and offers commercial collaboration opportunities to, venture- and growth-stage energy technology companies in therenewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel. With their wide range of deep technical and financial expertise, relationships, services and products, the three companies behind Energy Technology Ventures intend to help start-ups develop next-generation energy technology.The joint venture brings together three market-leading companies with complementary capabilities and significant strategic interests in the development of next-generation energy technology. This is the first corporate venture investment program by both NRG Energy, owner and operator of one of the country's largest and most diverse power generation portfolios, and ConocoPhillips, the third-largest US integrated energy company. GE Capital, through its business units GE Energy Financial Services and GE Capital, Equity, is already among the world's most active energy technology venture and growth capital investors.

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Investment focus

  • Industry: Energy, Oil and Gas, Hardware
  • Stage:Series C, Series A
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 12
  • Round size: Series C $14M–$25M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • BiSN — BiSN is a producer of metal-to-metal downhole sealing solutions for the oil and gas industries. BiSN develops a revolutionary chemical reaction heater that brings the technology into the 21st century and opens the door to a range of applications previously thought impossible.
  • 1366 Technologies — Solar is a remarkable technology. We make it even better. Our innovation is tandem. Our promise is more power per square meter.
  • Cool Planet — Cool Planet is a technology company that develops sustainable products to address energy, food, and water. It commercializes a groundbreaking technology that produces engineered biocarbon and renewable, carbon-negative fuel from biomass. It was founded in 2009 and in headquartered Colorado, Mexico.
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BIzCap
VC Fund · San Francisco, California, United States · 1 investments in Norway Oil and Gas startups

BizCap, Business Capital (BIZCAP®), is a time-tested commercial finance and advisory firm that structures and delivers customized non-dilutive credit solutions to midsize companies in special situations. BizCap implements resourceful working capital, restructuring, and growth capital solutions for companies in need of immediate liquidity,especially when conventional capital sources are elusive or not an option.

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Investment focus

  • Industry: Manufacturing, Organic Food, Food and Beverage
  • Stage:Debt Financing, Corporate Round, Seed
  • Geography: United States, Norway

Investor stats

  • Total investments: 10
  • Round size: Debt Financing $1.4M–$30M
  • Lead/follow: 90% lead, 10% follow

Portfolio highlights

  • Conexwest — Conexwest is a leading supplier of standard and modified storage containers.
  • Flavor Insights — As one of the fastest growing flavor companies on the West coast, we are here to bring a little sweetness to your product.
  • Gehr Industries — We manufacture and distribute electrical wire, cable, and other industrial supplies throughout the U.S and Canada.
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Sembcorp Industries
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway Oil and Gas startups

Sembcorp Industries is a leading energy, water and marine group operating across six continents worldwide.With facilities with 5,800 megawatts of gross power capacity and over seven million cubic metres of water per day in operation and under development, Sembcorp is a trusted provider of essential energy and water solutions to both industrialand municipal customers. It is also a world leader in marine and offshore engineering as well as an established brand name in urban development.The Group has total assets of over S$12.5 billion and employs over 9,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index, several MSCI and FTSE indices as well as the Dow Jones Sustainability Asia Pacific Index.

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Investment focus

  • Industry: Energy, Oil and Gas, Renewable Energy
  • Stage:Private Equity
  • Geography: India, Norway

Investor stats

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

Portfolio highlights

  • KANFA Group — KANFA is an independent process design and engineering group that delivers overall process solutions and services.
  • Sembcorp Energy India — Sembcorp Energy India engages in the development and operation of power generation assets across thermal and renewable sectors. It has a presence across 10 states in India. It has a balanced portfolio of thermal and renewable energy assets totaling approx. 4.8 gigawatts’ capacity in operation and under construction.
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Chevron Technology Ventures
VC Fund · Houston, Texas, United States · 1 investments in Norway Oil and Gas startups

Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.

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Investment focus

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

Investor stats

  • Total investments: 178
  • Round size: Series A $4.8M–$34M; Series B $6.5M–$42M; Series C $6M–$115M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2019

Portfolio highlights

  • Resolutiion — Resolutiion provides AI-powered software for managing commercial conflict, delivery risk, and business relationship performance. The platform supports organizations with dispute detection, workflow automation, contract monitoring, issue resolution, and operational risk management across customers, suppliers, workforce teams, and commercialpartnerships. Its system uses AI-driven analysis to identify relationship friction, monitor delivery performance, and support structured resolution processes. Resolutiion also provides commercial intelligence tools, reporting, and collaboration features for enterprise delivery and governance management.
  • Auron Solutions — Discover Auron Solutions' cutting-edge technology designed to safeguard critical infrastructure and people from drone swarms with intelligent, non-jamming RF control.
  • Ardent Process Technologies — Proven, practical solutions for industrial point-source carbon capture and other challenging chemical separations.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Oil and Gas 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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Oil and Gas Investor funding in Norway at a glance

Stats across 79 deals from 65 investors.

65
investors
in Norway Oil and Gas startups
79
deals
in Norway Oil and Gas startups
$5.4M
median round
in Norway Oil and Gas startups
55%
lead investors
lead at least one round
19%
Grant
most common funding stage
100/0
VC / Angel
share of investor count

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