Top 10 Oil and Gas VC Funds & Investors in Norway (June 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
ProVenture
VC Fund
|
5 | Norway, United States, India | Seed, Series A | Software, Oil and Gas, Manufacturing | $744k–$6.6M |
|
Investinor
VC Fund
|
3 | Norway, United States, Switzerland | Seed, Series A | Software, Biotechnology, Manufacturing | |
|
Saudi Aramco Energy Ventures
VC Fund
|
2 | United States, Norway, United Kingdom | Series B, Series C | Energy, Oil and Gas, Software | $4M–$110M |
|
SINTEF Venture AS
VC Fund
|
2 | Norway, United States, United Kingdom | Seed, Pre-Seed | Software, Manufacturing, Energy | $160k–$5.1M |
|
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 | |
|
Penny Venture
VC Fund
|
1 | Norway | Pre-Seed | B2B, Fuel, Energy | $400k–$724k |
|
ConocoPhillips Technology Ventures
VC Fund
|
1 | Norway, United States | Oil and Gas, Manufacturing, Automotive | ||
|
Energy Technology Ventures
VC Fund
|
1 | United States, United Kingdom, Israel | Series C, Series A | Energy, Oil and Gas, Hardware | $14M–$25M |
|
Shell Ventures
VC Fund
|
1 | United States, United Kingdom, India | Series A, Series B | Energy, Renewable Energy, Software | $3M–$126M |
| Access all 37 VC funds in Norway Oil and Gas startups. | |||||
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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).
Show more...Investment focus
- Industry: Software, Oil and Gas, Manufacturing
- Stage:Seed, Series A
- Geography: Norway, United States, India
Investor stats
- Total investments: 36
- Round size: Seed $744k–$6.6M; Series A $4.9M–$5.6M
- Lead/follow: 67% lead, 33% follow
- Last fund: May invest from a new fund soon — last raise in 2019
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.
Show more...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.
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
Show more...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.
We commercialize technology created by SINTEF's research environments
Show more...Investment focus
- Industry: Software, Manufacturing, Energy
- Stage:Seed, Pre-Seed
- Geography: Norway, United States, United Kingdom
Investor stats
- Total investments: 28
- Round size: Seed $160k–$5.1M; Pre-Seed $373k–$762k
- Lead/follow: 39% lead, 61% 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.
Link Venture Capital operates a series of early-stage investment funds.
Show more...Investment focus
- Industry: Software, Renewable Energy, Marine Technology
- Stage:Pre-Seed, Seed
- Geography: Norway, United Kingdom, The Netherlands
Investor stats
- Total investments: 11
- Round size: Seed $917k–$4.4M; Pre-Seed $400k–$1.5M
- Lead/follow: 27% lead, 73% follow
Portfolio highlights
- Evoy — Discover powerful, zero-emission electric boat motors built in Norway. Explore inboard and outboard options for sustainable boating.
- Glint Solar — Enabling developers to identify and analyze the best solar sites
- LIFENESS — Lifeness is a platform specialized in the treatment of lifestyle diseases and an entrepreneur from the fitness industry,
Michiko is a family holding company of Dag Lilletvedt
Show more...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.
Penny Venture is a venture company investing in high growth, entrepreneurial led start-ups
Show more...Investment focus
- Industry: B2B, Fuel, Energy
- Stage:Pre-Seed
- Geography: Norway
Investor stats
- Total investments: 2
- Round size: Pre-Seed $400k–$724k
- 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.
Implementing emerging technologies in our operating assets and exploration efforts has enabled us to realize improvements in various activities.
Show more...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.
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.
Show more...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.
Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.
Show more...Investment focus
- Industry: Energy, Renewable Energy, Software
- Stage:Series A, Series B
- Geography: United States, United Kingdom, India
Investor stats
- Total investments: 155
- Round size: Series A $6M–$30M; Series B $3M–$126M
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- Kespry — Firmatek provides end-to-end insights for heavy industry through expert field services, drone mapping, and software that turns data into confident decisions.
- ElectronX — ElectronX is an electricity demand grows and the grid rapidly shifts to intermittent renewable energy sources.
- Innowatts — Innowatts is a data analytics and energy transition leader who uses energy usage data, insights and best-in-class machine learning to help energy retailers and utilities from around the world manage their grids, profitability, customer relationships and sustainability goals in a digitalizing, decarbonizing, and electrifying world. To date, theInnowatts eUtility™ technology platform has leveraged data from more than 34 million meters to help energy providers ensure grid reliability, anticipate trends, secure profitability, and promote sustainability — advancing and creating a more personalized energy experience for their customers. For more information, please visit www.innowatts.com.
Oil and Gas VC funding in Norway at a glance
Stats across 45 deals from 37 investors.
Access all 37 VC funds in Norway Oil and Gas startups.
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