# Top 10 Oil and Gas VC (Venture Capital) Funds in Norway in June 2026

## ProVenture
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Oil and Gas, Manufacturing

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).

## Investinor
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Manufacturing

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.

## Saudi Aramco Energy Ventures
- Type: VC Fund
- Location: Dhahran, Ash Sharqiyah, Saudi Arabia
- Relevant deals: 2
- Stages: Series B, Series C
- Focus: Energy, Oil and Gas, Software

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

## SINTEF Venture AS
- Type: VC Fund
- Location: Trondheim, Sor-Trondelag, Norway
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Manufacturing, Energy

We commercialize technology created by SINTEF's research environments

## Link Venture Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Software, Renewable Energy, Marine Technology

Link Venture Capital operates a series of early-stage investment funds.

## Michiko
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Fuel, Energy, Shipping

Michiko is a family holding company of Dag Lilletvedt

## Penny Venture
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: B2B, Fuel, Energy

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

## ConocoPhillips Technology Ventures
- Type: VC Fund
- Location: Houston, Texas, United States
- Relevant deals: 1
- Focus: Oil and Gas, Manufacturing, Automotive

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

## Energy Technology Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series C, Series A
- Focus: Energy, Oil and Gas, Hardware

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.

## Shell Ventures
- Type: VC Fund
- Location: Rijswijk, Zuid-Holland, The Netherlands
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Energy, Renewable Energy, Software

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