# Equinor Technology Ventures

> Equinor Technology Ventures is a VC fund backing Oil and Gas and Energy. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stavanger, Norway
- Total investments: 12
- Last investment: Aug 2022
- Lead investor: 50%
- Last updated: Aug 2026
- Website: https://www.equinor.com/en/how-and-why/statoil-technology-invest.html

Equinor Technology Ventures is a VC fund in Stavanger focused on Oil and Gas and Energy. Equinor is an energy company that is engaged in the exploration, development, and production of oil and gas, as well as wind and solar power. It also sells crude oil and is a major supplier of natural gas, with activities in processing, refining, and trading. Its activities are managed through eight business areas, staff and support divisions, andhas operations in North and South America, Africa, Asia, Europe and Oceania, and Norway.

## Contacts

5 contacts available for Equinor Technology Ventures. Shizune tracks 1 team members at Equinor Technology Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/equinor-technology-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $4.4M–$6M |
| Series B | $4M–$40M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Oil and Gas | 4 | 33% |
| Energy | 3 | 25% |
| Software | 3 | 25% |
| Analytics | 2 | 17% |
| Manufacturing | 2 | 17% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 4 | 33% |
| Series A | 3 | 25% |
| Funding Round | 2 | 17% |
| Pre-Seed | 1 | 8% |
| Series C | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 4 | 33% |
| Norway | 2 | 17% |
| Canada | 1 | 8% |
| Germany | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Eldar Saetre | President and Chief Executive Officer | 0 | https://shizune.co/investors/profile/eldar-saetre |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| eSmart Systems | ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA. | $39.8M | Series B | Aug 22, 2022 |  |
| Data Gumbo | Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automatetransactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty.Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact.Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com. | $4M | Series C | Aug 10, 2022 |  |
| Data Gumbo | Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automatetransactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty.Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact.Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com. | $4M | Series B | Sep 24, 2020 |  |
| Earth Science Analytics | Earth Science Analytics (ESA) mission is to improve exploration success in challenging geological settings by providing geoscience-driven machine learning workflows and software. We aim to provide high quality data- driven predictions to clients in the E&P industry more efficiently, with greater precision and at lower cost compared totraditional methods. | $7M | Series B | Sep 02, 2020 |  |
| SeekOps | SeekOps provides end-to-end gas emissions inspection operations to oil and gas customers. | $6M | Series A | Sep 06, 2019 |  |
| Interface Fluidics | Interface Fluidics is an international technology company offering innovative reservoir fluid analysis services. Interface Fluidics'​ proprietary and industry-leading nanofluidic technology platform enables companies to better understand their reservoirs and have greater confidence in their production decisions. | $4.4M | Series A | Aug 27, 2019 |  |
| Interface Fluidics | Interface Fluidics is an international technology company offering innovative reservoir fluid analysis services. Interface Fluidics'​ proprietary and industry-leading nanofluidic technology platform enables companies to better understand their reservoirs and have greater confidence in their production decisions. | $4.4M | Series A | Aug 27, 2019 |  |
| eSmart Systems | ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA. | $34M |  | Jun 26, 2019 |  |
| Data Gumbo | Data Gumbo’s mission is to empower enterprises and their business networks to transact securely, efficiently, and transparently. Data Gumbo provides the industry’s only smart contract platform enabling organizations, their customers, suppliers, and vendors to successfully incorporate real-time sensor level and field data to validate and automatetransactions—eliminating payment delays, disputes, and complicated reconciliations. Subscribers are able to increase operational efficiencies, accountability, transparency, contract, and cash flow certainty.Data Gumbo’s smart contract platform provides a unique combination of state-of-the-art distributed ledger technology, real-time IoT sensor data, and applications with APIs to eliminate the need for countless audits. This reduces friction to deliver streamlined operations and transactional certainty while maintaining security controls to protect our customers and their network. Created specifically for enterprises, Data Gumbo’s smart contract platform reinvents the way companies transact.Data Gumbo is a venture-backed organization that serves clients globally, across multiple industries. Learn more at www.datagumbo.com. | $6M | Series A | May 07, 2019 |  |
| Nesh | Nesh Sales AI for Chemicals, Materials, and Advanced Manufacturing CompaniesNesh builds your commercial team’s single source of truth by combining product data and expert knowledge with AI designed for the chemicals, materials, and advanced manufacturing industries. Commercial teams gain the tools to leverage complex insights that enhancecustomer conversations, accelerate deal cycles, and grow revenue.Nesh’s first-of-their-kind workflows include: Information queries on products, processes, regulations, standards, and more Prospecting support for opportunity generation, lead generation, and account research Selling activities like comparing products, product positioning, product SWOT analysis, account planning, regulatory compliance checks, and more Learning and development modules for ramping and upskilling sales repsNesh Sales AI is purpose-built for commercial teams at chemical and advanced manufacturing companies, including: Technical Sales Marketing Technical Services Business Development3x Revenue: With Nesh, Sales reps close deals faster with all the key product and technical information they need at their fingertips.8 Hours Saved Each Week: With Nesh, sales reps automate key selling tasks, enabling them to focus on strategies that build strong customer relationships.+50% Close Rate: Nesh helps sellers boost performance and outperform competitors with lead generation, analysis, benchmarking, and positioning.+30% Faster Onboarding: Quicker ramp-up means faster time-to-revenue. Nesh helps new reps close knowledge gaps and use consistent product messaging.Nesh Sales AI is designed For Technical and Commercial Specialists across the Chemicals Value Chain including manufacturers and distributors. Industries include Specialty Chemicals, Paints & Coatings, Catalysts, Chemical Testing Equipment, Pigments & Dyes, Animal Nutrition, Feed Additives, Life Sciences, Paper & Pulp, Adhesives, Cleaning Products, Packaging & Containers, Agrichemicals, Personal care, Human Nutrition, Food Additives, and more. |  | Pre-Seed | Mar 01, 2019 |  |

10 of 12 investments shown.

## Co-investors
- [Saudi Aramco Energy Ventures](https://shizune.co/investors/profile/saev) — VC Fund, 6 deals together
- [Energy Impact Partners](https://shizune.co/investors/profile/energy-impact-partners) — VC Fund, 2 deals together
- [Future Energy Ventures](https://shizune.co/investors/profile/future-energy-ventures) — VC Fund, 2 deals together
- [Nysnø](https://shizune.co/investors/profile/nysn%C3%B8) — VC Fund, 2 deals together
- [Techstars](https://shizune.co/investors/profile/techstars) — VC Fund, 2 deals together
- [Aristos Ventures](https://shizune.co/investors/profile/aristos-ventures) — VC Fund, 1 deal together

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## FAQ

### What does Equinor Technology Ventures invest in?

Equinor Technology Ventures invests primarily in Oil and Gas, Energy and Software startups, most often at Series B and Series A stage. Most of the 12 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Equinor Technology Ventures's check size?

Equinor Technology Ventures typically joins rounds of $4.4M–$6M at Series A and $4M–$40M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Equinor Technology Ventures participates in.

### How do I contact Equinor Technology Ventures?

Public channels for Equinor Technology Ventures include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Equinor Technology Ventures?

The team at Equinor Technology Ventures includes Eldar Saetre (President and Chief Executive Officer). The Team section lists each member with their title, investment count and links.

### 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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