# Adolfsen Group

> Adolfsen Group is a VC fund backing SaaS, Payments and Robotics. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Jul 2021
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://www.adolfsen.com/

Adolfsen Group is a VC fund focused on SaaS and Payments. The Adolfsen Group is a group of companies in which Kristian Adolfsen and Roger Adolfsen are shareholders. The Group invests across a wide range of sectors, many of which having a link to its origins within hotel operations.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 1 | 50% |
| Payments | 1 | 50% |
| Robotics | 1 | 50% |
| Software | 1 | 50% |
| Accounting | 1 | 50% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 1 | 50% |
| Series B | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Semine | The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma) | $5.5M | Series B | Jul 01, 2021 |  |
| Semine | The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma) | $7.5M | Series A | Jan 01, 2021 |  |

2 of 2 investments shown.

## Co-investors
- [Kistefos Venture Capital](https://shizune.co/investors/profile/kirkland-ellis) — VC Fund, 2 deals together
- [Skagerak Maturo](https://shizune.co/investors/profile/skagerak-maturo) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund
- [SV Angel](https://shizune.co/investors/profile/sv-angel) — VC Fund
- [Andreessen Horowitz](https://shizune.co/investors/profile/andreessen-horowitz) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

### Similar country
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Investinor](https://shizune.co/investors/profile/investinor) — VC Fund
- [Skyfall Ventures](https://shizune.co/investors/profile/skyfall-ventures) — VC Fund

## Featured in investor lists
- [Payments Investors in Norway](https://shizune.co/investors/payments-investors-norway)
- [Enterprise Software Investors in Norway](https://shizune.co/investors/enterprise-software-investors-norway)
- [Enterprise Software VC Funds in Norway](https://shizune.co/investors/enterprise-software-vc-funds-norway)
- [FinTech VC Funds in Norway](https://shizune.co/investors/fintech-vc-funds-norway)
- [Hardware Investors in Norway](https://shizune.co/investors/hardware-investors-norway)
- [Artificial intelligence VC Funds in Norway](https://shizune.co/investors/artificial-intelligence-vc-funds-norway)

## FAQ

### What does Adolfsen Group invest in?

Adolfsen Group invests primarily in SaaS, Payments and Robotics startups, most often at Series A and Series B stage. Most of the 2 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Adolfsen Group last invest?

The most recent investment recorded for Adolfsen Group closed in Jul 2021. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co