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Top 10 Oil and Gas Startup Investors in Norway (September 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
Investinor
VC Fund
3 Norway, United States, Switzerland Seed, Series A Software, Biotechnology, Manufacturing
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
1 United States, United Kingdom, India Series A, Series B, Venture - Series Unknown Energy, Renewable Energy, Software $2.4M–$126M
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
Chevron Technology Ventures
VC Fund
1 United States, United Kingdom, Canada Series A, Series B, Series C Energy, Software, Manufacturing $4.8M–$115M
Michiko
VC Fund
1 Norway Pre-Seed Fuel, Energy, Shipping
ConocoPhillips Technology Ventures
VC Fund
1 Norway, United States Oil and Gas, Manufacturing, Automotive
Energy Capital Partners
VC Fund
1 United States, Canada, France Private Equity, Post-IPO Equity Energy, Oil and Gas, Solar $43M–$1B
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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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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 3 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:Seed, Series A
  • Geography: Norway, United States, Switzerland

Investor stats

  • Total investments: 109
  • Lead/follow: no public data

Portfolio highlights

  • Calluna Pharma — Join Calluna Pharma to transform therapeutics for inflammatory and fibrotic diseases. With a robust pipeline, seasoned leadership, and strategic alliances, we can revolutionize patient care.
  • Ignite — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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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: 88
  • 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 · 1 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: 173
  • Round size: Series A $6M–$31M; Series B $2.8M–$126M; Venture - Series Unknown $2.4M–$32M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • 2-B Energy — The perfect wind turbine for offshore floaters or floating platforms
  • Airborne Oil & Gas — Airborne Oil & Gas (AOG) has developed a range of Thermoplastic Composite Pipe (TCP) products that offer unique benefits for offshore oil & gas operations. The thermoplastic composite pipes are corrosion-free, lightweight and spoolable, and can be deployed in the most demanding offshore and subsea applications. These intrinsic propertiesenable a step-change in offshore and subsea operations, with a 30 – 50% capex saving, and even higher opex savings. \r\n\r\nThe pipes are non-metallic, which eliminates the need for expensive corrosion prevention and inspection measures. This enhances reliability and safety while significantly reducing operational expenditure, particularly for Flowlines. The spoolable composite pipes can be installed significantly faster and with simpler vessels than traditional steel-based pipes. \r\n\r\nThe AOG headquarter and manufacturing facility is based in IJmuiden (Port of Amsterdam), the Netherlands and has regional sales offices in major oil & gas hubs in Asia and the US. AOG has 90 employees.
  • 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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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: 172
  • Round size: Series A $4.8M–$34M; Series B $6.5M–$42M; Series C $6M–$115M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2019

Portfolio highlights

  • Natron Energy — Natron Energy is safely changing how energy is stored and consumed with our sodium-ion battery technology. Learn more!
  • Aquanta Vision — Aquanta Vision provides optical gas imaging detection software which improves methane leak identification during inspections.
  • Ardent Process Technologies — Proven, practical solutions for industrial point-source carbon capture and other challenging chemical separations.
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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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ConocoPhillips Technology Ventures
VC Fund · Houston, Texas, United States · 1 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, Automotive
  • Geography: Norway, United States

Investor stats

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

Portfolio highlights

  • Ziebel AS — 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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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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Oil and Gas Investor funding in Norway at a glance

Stats across 72 deals from 61 investors.

61
investors
in Norway Oil and Gas startups
72
deals
in Norway Oil and Gas startups
$5.5M
median round
in Norway Oil and Gas startups
56%
lead investors
lead at least one round
19%
Grant
most common funding stage
100/0
VC / Angel
share of investor count

Access all 61 investors in Norway Oil and Gas startups.

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