Top 10 Oil and Gas VC (Venture Capital) Funds in Norway in September 2025
A list of 10 VC (Venture Capital) funds that invest in Oil and gas startups based in Norway. We rank investors based on the number of investments they made in Oil and gas companies from Norway. We update this investor list every month.Top 10 Oil and Gas VC (Venture Capital) Funds in Norway in September 2025
Investor | Oil and Gas Norway investments |
---|---|
ProVenture | 5 |
Investinor | 3 |
SINTEF Venture AS | 2 |
Saudi Aramco Energy Ventures | 2 |
Michiko | 1 |
Penny Venture | 1 |
ConocoPhillips Technology Ventures | 1 |
Energy Technology Ventures | 1 |
Shell Ventures | 1 |
Chevron Technology Ventures | 1 |
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, Information Technology
- 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.
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, Seed, Series A
- Norway, United States, Switzerland
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.
We commercialize technology created by SINTEF's research environments
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Investment focus
- Manufacturing, Software, Energy
- Seed, Funding Round, Pre-Seed
- Norway, United States, United Kingdom
Portfolio highlights
- Nomono — Nomono delivers studio-grade spoken audio with next-gen wireless tools. Record anywhere, auto-enhance with AI, and edit in the cloud - trusted by storytellers
- 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.
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
- Energy, Oil and Gas, Software
- Funding Round, Series B, Series C
- United States, Norway, United Kingdom
Portfolio highlights
- Seeq — Seeq Corporation develops software and services that accelerate industrial process analytics on industrial process data.
- Xage Security — Secure, manage & transform OT, IT and cloud operations. Deliver zero-trust local access, remote access, and data security.
- 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.
Michiko is a family holding company of Dag Lilletvedt
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Investment focus
- Fuel, Energy, Shipping
- Pre-Seed
- Norway
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.
Penny Venture is a venture company investing in high growth, entrepreneurial led start-ups
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Investment focus
- B2B, Fuel, Energy
- Pre-Seed
- Norway
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.
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
- Oil and Gas, Manufacturing, Automotive
- Funding Round
- Norway, United States
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.
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
- Energy, Oil and Gas, Hardware
- Series C, Funding Round, Series A
- United States, United Kingdom, Israel
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 — 1366 Technologies is a manufacturer of silicon wafers used to deliver solar modules. The company's silicon wafers leverage existing billion-dollar cell and module investments, enabling businesses to get a long-term, differentiated product roadmap. It was founded in 2008 and is headquartered in Bedford, Massachusetts.
- 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.
Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.
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Investment focus
- Energy, Renewable Energy, Software
- Series A, Funding Round, Series B
- United States, United Kingdom, India
Portfolio highlights
- ElectronX — ElectronX is an electricity demand grows and the grid rapidly shifts to intermittent renewable energy sources.
- Alt Mobility — ALT Mobility is a full-stack EV leasing platform offering mobility as a service (MaaS) for commercial vehicle users.
- Supercritical — We partner with industry to move and think beyond fossil fuels with innovative clean technology solutions.
Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.
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Investment focus
- Energy, Software, Manufacturing
- Funding Round, Series B, Series A
- United States, Canada, United Kingdom
Portfolio highlights
- PrePad — Simulate any well decision in seconds. PrePad empowers high-performing teams with contract-aware modeling to cut costs, save time, and maximize returns.
- DG Matrix — DG Matrix innovative solutions unlock gigaton-scale emissions reductions by enabling electrification anywhere and everywhere with less material and a smaller footprint.
- Resource Chemical — Resource Chemical develops CO2 into high-performance plastics that do not pollute the environment. The company's headquarters are in Berkeley, California.
Investors by industry
Google
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Facebook
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Investors by country
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Kenya
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Cambodia
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Cameroon
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VC (Venture Capital) Funds in Norway by industry
Oil and Gas
Clean Energy
Transportation
Financial Services
Big Data
Payments
Food and Beverage
Medical
Medical Device
Internet
Social Media
Manufacturing
Music
Mobile
Construction
Software
Enterprise Software
Sports
CleanTech
EdTech
FinTech
Enterprise
Consumer
Climate
Sustainability
Energy
Proptech
Impact
SaaS
Marketplace
Artificial intelligence
Community
Hardware
Gaming
Social
Web3
B2B
Life Science
Retail
Fashion
Education
Biotechnology
Real Estate
Health Care
Biotech
Publishing
Renewable Energy
Cryptocurrency
Blockchain
Video Games
Media (entertainment)
Agriculture (agtech)
Machine Learning