# DNB Ventures

> DNB Ventures is a VC fund in Oslo backing Information Technology, Software and SaaS. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Oslo, Norway
- Total investments: 6
- Last investment: Feb 2025
- Lead investor: 33%
- Last updated: Aug 2026
- Website: https://www.dnb.no/

DNB Ventures is a VC fund in Oslo focused on Information Technology and Software. DNB Ventures is the Corporate Venture Capital arm of the Norwegian DNB group.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$1.8M |
| Post-IPO Debt | $1.8M–$200M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 3 | 50% |
| Software | 2 | 33% |
| SaaS | 1 | 17% |
| Shipping | 1 | 17% |
| CleanTech | 1 | 17% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Post-IPO Debt | 3 | 50% |
| Seed | 2 | 33% |
| Pre-Seed | 1 | 17% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 4 | 67% |
| Greece | 1 | 17% |
| Sweden | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kvist Solutions | Kvist Solutions AS specializes in developing software aimed at simplifying the BREEAM certification process. The company's software provides a comprehensive overview of projects, facilitating a clearer and more streamlined path to achieving BREEAM certification. With a focus on sustainability, Kvist Solutions AS designs tools that enable bothindividuals and businesses to make a significant impact on sustainability. The company's commitment to empowering users to make sustainable choices is evident in its product offerings and operational philosophy. Kvist Solutions AS operates in the internet industry and is based in Oslo, Norway, with a team of 15 employees. | $1.4M | Seed | Feb 25, 2025 |  |
| Vow Green Metals | Vow Green Metals purpose is to hasten the global switch to renewable resources by providing environmentally friendly substitutes for fossil reduction agents in the metallurgical sector. | $1.8M | Post-IPO Debt | Feb 18, 2025 |  |
| Lifco | Lifco provides a secure environment for small and medium-sized businesses. Lifco's business model is to acquire and develop market-leading niche businesses with the potential to deliver long-term earnings growth and strong cash flows. | $93.5M | Post-IPO Debt | Feb 17, 2025 |  |
| Receipts | Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services. | $1.8M | Seed | Feb 03, 2025 |  |
| Star Bulk | Star Bulk is a global shipping company that provides high quality transportation services of dry bulk cargoes. On a fully delivered basis the Star Bulk fleet comprises of 118 modern vessels built in world-class shipyards and with an average age of approximately 8 years. Our fleet’s composition is highly diversified ranging from Supramax vessels toNewcastlemax vessels and has a total capacity of more than 13 million DWT. | $200M | Post-IPO Debt | Apr 17, 2024 |  |
| Celsia | Saas, CleanTech, Software, Information Technology, Technology, RegTech | $2M | Pre-Seed | Sep 27, 2022 |  |

6 of 6 investments shown.

## Co-investors
- [ABN AMRO Bank](https://shizune.co/investors/profile/abn-amro-bank) — VC Fund, 1 deal together
- [Alliance Ventures](https://shizune.co/investors/profile/alliance-ventures) — VC Fund, 1 deal together
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund, 1 deal together
- [Arkwright X](https://shizune.co/investors/profile/arkwright-x) — VC Fund, 1 deal together
- [Bonheur ASA](https://shizune.co/investors/profile/bonheur-asa-2bed) — VC Fund, 1 deal together
- [CoFounder](https://shizune.co/investors/profile/cofounder-no) — VC Fund, 1 deal together

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### Similar country
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## FAQ

### What does DNB Ventures invest in?

DNB Ventures invests primarily in Information Technology, Software and SaaS startups, most often at Post-IPO Debt and Seed stage. Most of the 6 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is DNB Ventures's check size?

DNB Ventures typically joins rounds of $1.4M–$1.8M at Seed and $1.8M–$200M at Post-IPO Debt. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds DNB Ventures participates in.

### When did DNB Ventures last invest?

The most recent investment recorded for DNB Ventures closed in Feb 2025. Shizune tracks 6 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.

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