# BTO

> BTO is a VC fund in Bergen backing Health Care, Biotechnology and Developer Platform. See 10 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Bergen, Norway
- Total investments: 10
- Last investment: Nov 2016
- Lead investor: 30%
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/bergen-teknologioverf-ring-as/
- Website: https://x.com/BTOnews
- Facebook: https://www.facebook.com/btonews/

BTO is a VC fund in Bergen focused on Health Care and Biotechnology. Bergen Teknologioverføring AS (BTO) is the technology transfer office in Bergen, supporting 8 research institutions in commercialization and technology transfer. Together these institutions employ about 4000 researchers and have a research base of more than 4MrdNOK (billions). Researchers, faculty and students from these institutions provide BTOwith up to 100 new innovative ideas and technologies each year, from a broad range of exciting projects. Since the founding in December 2004, BTO has been involved in over 100 commercialisations. BTO’s goal is to help researchers commercialise their research results to ensure that knowledge and inventions benefit individuals, society and industry.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $427k–$427k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 2 | 20% |
| Biotechnology | 2 | 20% |
| Developer Platform | 2 | 20% |
| Music | 1 | 10% |
| Drones | 1 | 10% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 5 | 50% |
| Seed | 4 | 40% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 7 | 70% |
| United States | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Leieting.no | Leieting.no is inspired by sharing economy and offers renting things safely and easily. Security as a landlord. No deductible or loss on insurance. Security as a landlord. No deductible or loss on insurance. After payment, you will arrange for pickup and delivery. Rent things safely and easily, with insurance of up to 1 million kroner from Ifincluded. | $426.9K | Seed | Nov 02, 2016 | https://leieting.no/ |
| Sensar Marine | Sensar Marine makes products designed to improve the relationship between a boat and its owner. Our flagship product is a boat monitoring system designed specifically for use in boats, which could run 24/7, 365 days a year without draining boat batteries.Our service has introduced a way for boaters to monitor their boats from their mobilephones, and be notified when their boat needs attention. To date, our boat monitor has been installed in thousands of boats of all types, in harbors around the world. | $426.9K | Seed | Nov 02, 2016 | https://sensarmarine.com |
| Seasmart | Seasmart develops a drone for environmental monitoring in aquaculture. Seasmart's drones are used for continuous measurement of environmental conditions in the cage that is wireless, cost effective and maintenance-free. They provide information on how the fish has it - about appetite, stress and fish welfare. It provides reduced feed, betterplanning, and reduced mortality. | $426.9K | Seed | Nov 02, 2016 | http://www.seasmart.no/ |
| Rock Physics Technology | Rock Physics Technology AS is an oil-service company based in Bergen, Norway. They provide a new tool for quantitative interpretation of seismic data: Inverse Rock Physics Modelling - IRPM.IRPM uses advanced rock physics models to predict porosity, lithology and fluid saturation to help E&P companies de-risk prospects and analyzeuncertainties in resource estimation during seismic interpretation. |  |  | Feb 23, 2016 | https://rockphysicstechnology.com |
| Nobesita | Obesity among pets is becoming a problem. More than 50% of all kjærledyr In the United States are obese. Obesity leads to heart disease, diabetes, move, play, etc. and increases the risk of an early death. Nobesita develops new supplements with weight-reducing effect aimed at pets. The dietary supplement developed by researchers at the Universityof Bergen. |  |  | Feb 23, 2016 |  |
| Restdb | restdb.io is a “database-app-as-a-service” that radically reduces development and cycle-times for delivering database solutions and back-ends.The big idea behind restdb.io is that productive database apps can be specified interactively and made instantly available for end-users. In addition, the data can be easily consumed and integrated withweb-sites, servers and IoT-devices using a simple API.Unlike other companies that offer “back-end as a service” or pure database solutions with APIs, restdb.io automatically provides a data management and productivity app on top of the data model. Bottom line, restdb.io saves a ton of money and time and gives businesses and developers a whole new world of possibilities. |  |  | Feb 23, 2016 | https://x.com/restdbio |
| Pluvier | Pluvier been established to develop new therapies against rare metabolic diseases based on innovative technology from the University of Bergen. The company's first project is aimed at a new target in the treatment of phenylketonuria (PKU) (or PKU disease), a rare and incurable metabolic disorder.PKU affects an average of 1:10 000 newbornsand is the most common congenital metabolic disease. In Norway, all newborns have been tested for PKU since 1967 and at least 500,000 people are living today with the disease worldwide.If the project succeeds it will be the treatment could provide more than half of patients a normal life |  |  | Feb 23, 2016 |  |
| Dyrekassen | Norges største vareutvalg av kvalitetsmat til katt og hund. Like priser eller billigere enn dyrebutikken. Vi kjører maten helt hjem til døren din hver mandag. Du bestemmer hvor ofte vi skal levere. |  | Seed | Feb 23, 2016 | https://www.dyrekassen.no/ |
| Vibble | "Everyone is a DJ" is the slogan. The entrepreneurs behind Vibble has developed a technology that will make music lovers to use music in a different way. You can using simple interactions add famous songs new items. |  |  | Feb 23, 2016 | https://www.vibble.co/ |
| Leieting.no | Leieting.no is inspired by sharing economy and offers renting things safely and easily. Security as a landlord. No deductible or loss on insurance. Security as a landlord. No deductible or loss on insurance. After payment, you will arrange for pickup and delivery. Rent things safely and easily, with insurance of up to 1 million kroner from Ifincluded. |  | Seed | Feb 23, 2016 | https://leieting.no/ |

10 of 10 investments shown.

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## FAQ

### What does BTO invest in?

BTO invests primarily in Health Care, Biotechnology and Developer Platform startups, most often at Funding Round and Seed stage. Most of the 10 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is BTO's check size?

BTO typically joins rounds of $427k–$427k at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds BTO participates in.

### When did BTO last invest?

The most recent investment recorded for BTO closed in Nov 2016. Shizune tracks 10 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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