# Founders Fund AS

> Founders Fund AS is a VC fund in Oslo backing B2B, SaaS and Internet. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Oslo, Norway
- Total investments: 4
- Last investment: Sep 2017
- Lead investor: 25%
- Last updated: Aug 2026

Founders Fund AS is a venture capital firm based in Oslo. Founders Fund AS offers investment management, advisory, and other related services. Founders Fund serves customers in Norway.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $140k–$439k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| B2B | 1 | 25% |
| SaaS | 1 | 25% |
| Internet | 1 | 25% |
| Payments | 1 | 25% |
| Software | 1 | 25% |

13 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 3 | 75% |
| United States | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Confrere | Confrere is a video meeting and conferencing platform for professionals. The video chat solution was developed specifically for doctors, tutors, banks, psychologists, recruiters, personal trainers, and their clients in mind.The video conferencing solution was developed by Svein Willassen, Dag-Inge Aas, and Ida Aalen with a concept of buildingvirtual clinics for professions like doctors and bankers through video solutions, so they can meet their clients without actually meeting them. | $140K | Seed | Sep 18, 2017 |  |
| Scrimba | Scrimba is a coding course platform with over 120K monthly active students. It's based on a new video format that makes the screencasts fully interactive for students, and easier to create for teachers. | $149K | Seed | Mar 28, 2017 |  |
| AblePay Technologies | AblePay Technologies was founded in 2009 as a spin-out from the Research Department of Telenor, and the technology has been developed in close collaboration with SINTEF, the largest independent research organisation in Scandinavia. | $160K | Seed | Mar 06, 2017 |  |
| Northern.tech | Northern.tech builds a suite of ease-to-use security products for the connected world. Each product shall not only be a single-purpose product, but also complement each other to give their customers the option to pick and choose the products that best fits their needs. Their products shall address the needs of everyone from small companies to largeenterprises - world wide.***MENDER*** Mender provides a secure and robust over-the-air (OTA) software update management solution for embedded devices and the Internet of Things (connected devices) across horizontal markets. The unique benefits of Mender lies in security and robustness guarantee for devices to stay operational as they receive software updates, a very delicate and nuanced process. Even in case of a devastating event such as sudden power or network loss during an update, Mender will be able to recover and restore the device into a well known good running state. The open core business model offers minimal barriers for embedded and IoT developers to adopt and start using Mender. Mender’s focus on ease of use provides quick time-to-value allowing developers to focus on their product’s core features.***CFEngine*** CFEngine is a large-scale software solution that helps system administrators and other stakeholders in large IT organizations to become more agile and respond faster to business requirements while ensuring SLAs and regulatory compliance. CFEngine, the inventor of infrastructure-as-code, allows users, in code using the domain specific language (DSL) of CFEngine, to define desired states of their IT infrastructure. Lightweight CFEngine agents continuously ensures that the actual states are converging toward the desired states, and reporting desired and actual states. The solution is built upon Promise Theory(https://en.wikipedia.org/wiki/Promise_theory). Written in C, CFEngine runs on multiple platforms and architectures, from the smallest embedded devices to large servers and mainframes, easily handling tens and hundreds of thousands of resources. Many DevOps organizations use CFEngine to ensure consistency across different environments and automated application deployment. Due to its strong security track-record CFEngine is widely used in regulated industries like financial services, telecom, health care and governmental agencies. The solution comes in a free open source Community Edition and paid commercial Enterprise Edition, also leveraging the open core model. | $439K | Seed | Oct 01, 2014 |  |

4 of 4 investments shown.

## Co-investors
- [Investinor](https://shizune.co/investors/profile/investinor) — VC Fund, 2 deals together
- [Startuplab](https://shizune.co/investors/profile/startup-lab) — VC Fund, 2 deals together
- [Nordic Makers](https://shizune.co/investors/profile/nordic-makers-vc) — VC Fund, 1 deal together
- [SINTEF Venture AS](https://shizune.co/investors/profile/sintef-tto) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Reach Capital](https://shizune.co/investors/profile/reach-capital) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [GSV Ventures](https://shizune.co/investors/profile/gsv-acceleration) — 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
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — 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
- [All Investors in Norway](https://shizune.co/investors/investors-norway)
- [All VC Funds in Norway](https://shizune.co/investors/vc-funds-norway)
- [Software Investors in Norway](https://shizune.co/investors/software-investors-norway)
- [Software VC Funds in Norway](https://shizune.co/investors/software-vc-funds-norway)
- [Internet VC Funds in Norway](https://shizune.co/investors/internet-vc-funds-norway)
- [Financial Services Investors in Norway](https://shizune.co/investors/financial-services-investors-norway)

## FAQ

### What does Founders Fund AS invest in?

Founders Fund AS invests primarily in B2B, SaaS and Internet startups, most often at Seed stage. Most of the 4 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Founders Fund AS's check size?

Founders Fund AS typically joins rounds of $140k–$439k 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 Founders Fund AS participates in.

### When did Founders Fund AS last invest?

The most recent investment recorded for Founders Fund AS closed in Sep 2017. Shizune tracks 4 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