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Top 10 Oil and Gas VC Funds & Investors in Norway (June 2026)

The most active venture capital funds 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 Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
ProVenture
VC Fund
5 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$6.6M
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, Pre-Seed Software, Manufacturing, Energy $160k–$5.1M
Saudi Aramco Energy Ventures
VC Fund
2 United States, Norway, United Kingdom Series B, Series C Energy, Oil and Gas, Software $4M–$110M
Energy Technology Ventures
VC Fund
1 United States, United Kingdom, Israel Series C, Series A Energy, Oil and Gas, Hardware $14M–$25M
ConocoPhillips Technology Ventures
VC Fund
1 Norway, United States Oil and Gas, Manufacturing, Automotive
Shell Ventures
VC Fund
1 United States, United Kingdom, India Series A, Series B Energy, Renewable Energy, Software $3M–$126M
Chevron Technology Ventures
VC Fund
1 United States, United Kingdom, Canada Series A, Series B Energy, Software, Manufacturing $4.6M–$50M
Link Venture Capital
VC Fund
1 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Renewable Energy, Marine Technology $400k–$4.4M
Michiko
VC Fund
1 Norway Pre-Seed Fuel, Energy, Shipping
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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, Series A
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 37
  • Round size: Seed $744k–$6.6M; Series A $4.9M–$5.6M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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.
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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: Software, Manufacturing, Energy
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 29
  • Round size: Seed $160k–$5.1M; Pre-Seed $373k–$762k
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2018

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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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
  • Geography: United States, Norway, United Kingdom

Investor stats

  • Total investments: 83
  • Round size: Series B $4M–$58M; Series C $10M–$110M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2020

Portfolio highlights

  • 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.
  • 908 Devices — Revolutionizing chemical analysis with simple handheld devices that provide rapid answers at the point-of-need in vital health and safety applications.
  • Data Gumbo — Data Gumbo is the smart contract company trusted by global industrial enterprises. The only network of enterprises and their customers, suppliers and vendors that successfully incorporates real-time sensor level and field data to validate transactions, GumboNet™ reduces costs by more than 10% for all network members by automatically eliminatingpayment delays, disputes and complicated reconciliations.To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and L37, a hybrid venture capital and private equity company. Data Gumbo is headquartered in Houston, Texas, with global offices in Stavanger, Norway, and London, UK. For more information, visit www.datagumbo.com.
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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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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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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
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 159
  • Round size: Series A $6M–$30M; Series B $3M–$126M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • AiDASH — AI-first SaaS company on a mission to transform operations, maintenance, and sustainability in industries with geographically distributed assets by using satellites and AI at scale.
  • Ionomr — Ionomr designs & manufactures advanced ion-exchange polymers & membranes that enable high performance and efficiency in applications like water & wastewater treatment, hydrogen production and advanced energy storage.
  • 2-B Energy — The perfect wind turbine for offshore floaters or floating platforms
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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
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 164
  • Round size: Series A $4.6M–$50M; Series B $6.5M–$42M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2019

Portfolio highlights

  • nPlan — AI that forecasts project outcomes, creates scenarios of the future and helps mitigate risk across single projects and portfolios. Trained on over 750,000 past programmes.
  • Radiant — Clean. Portable. Safe. Energy
  • Natron Energy — Natron Energy is safely changing how energy is stored and consumed with our sodium-ion battery technology. Learn more!
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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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Oil and Gas VC funding in Norway at a glance

Stats across 47 deals from 40 investors.

40
investors
in Norway Oil and Gas startups
47
deals
in Norway Oil and Gas startups
$4.7M
median round
in Norway Oil and Gas startups
50%
lead investors
lead at least one round
13%
Seed
most common funding stage

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