Innovation Norway
VC Fund
Oslo, Norway
Innovation Norway is a VC fund in Oslo focused on Software and Information Technology. Innovation Norway is the Norwegian Government's most important instrument for innovation and development of Norwegian enterprises and industry. We support companies in developing their competitive advantage and to enhance innovation.
- Total investments:
- 84
- Last investment:
- Lead investor:
- 48%
Last updated:
For AI agents: llms.txt
Industries Innovation Norway invests in
Stages Innovation Norway invests in
Countries Innovation Norway invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 8 contacts → | |||
Round size
- Seed
- $118k–$3.6M
- Grant
- $47k–$2M
- Debt Financing
- $239k–$134M
Investment Focus
Industry
- Software 19 (23%)
- Information Technology 11 (13%)
- Artificial Intelligence 8 (10%)
- SaaS 7 (8%)
- Manufacturing 5 (6%)
Stage
- Grant 35 (42%)
- Seed 13 (15%)
- Debt Financing 6 (7%)
- Venture - Series Unknown 6 (7%)
- Pre-Seed 4 (5%)
Country
- Norway 58 (69%)
- Romania 3 (4%)
- Sweden 1 (1%)
- United States 1 (1%)
- The Netherlands 1 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
| CEO | Total investments: 0 | Find email | ||
Ase Pettersen Bailey
Business Development Manager
|
Business Development Manager | Total investments: 0 | Find email | |
Finn Aamodt
SVP
|
SVP | Total investments: 0 | Find email | |
Gaute Hagerup
Global Manager of Smart Cities & Societies
|
Global Manager of Smart Cities & Societies | Total investments: 0 | Find email | |
Hege Barnes
Director New York
|
Director New York | Total investments: 0 | Find email | |
| See all 8 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Birdsview is a software development company that provides solutions to assess the condition of the power grid industry. | $477.3K / Grant / Aug 17, 2026 | ||
| Ofiniti is a platform designed for businesses to streamline operations through digital maritime fuel distribution. Ofiniti's platform offers solutions that bridge the digital gap between fuel suppliers and consumers, improving the efficiency of marine fuel bunkering operations. Ofiniti works to enhance operational performance within themaritime sector by integrating technology into traditional industries. | $6.8M / Seed / Mar 18, 2026 | ||
| Munibee is a financial management platform designed to help users track and manage personal and shared finances. It integrates with multiple banks using open banking to provide a unified view of transactions and accounts. The platform offers tools for budgeting, collaboration, and expense tracking across households or projects. | Grant / Mar 05, 2026 | ||
| Observe Medical has developed a revolutionary digital urine meter - Sippi. Sippi is an easy-to-use application that monitors urine production via a bag application connected to a piece of software. Sippi is fully automatic during the length of the treatment. | $1.5M / Post-IPO Debt / Mar 04, 2026 | ||
| Observe Medical has developed a revolutionary digital urine meter - Sippi. Sippi is an easy-to-use application that monitors urine production via a bag application connected to a piece of software. Sippi is fully automatic during the length of the treatment. | $1.5M / Post-IPO Debt / Dec 19, 2025 | ||
| Founded in February 2023 and incorporated in January 2024, Aurora Analytica is a pioneering health technology company dedicated to optimizing the clinical trial lifecycle and accelerating the development of new treatment options. Our AI-powered platform provides strategic insights, site intelligence, and data-driven tools that enable biotech andpharmaceutical companies to design faster, smarter trials. A single platform that brings together essential assessments, the Aurora Suite™ consists of eleven interconnected modules that function collaboratively within a comprehensive analytics environment. Built on over 30 years of industry expertise, Aurora Analytica bridges the gap between innovation and execution—reducing costs, improving accuracy, and ultimately helping bring better therapies to patients, faster. | $49.9K / Grant / Oct 22, 2025 | ||
| Elkem is one of the world’s leading companies for environment responsible production of materials. Its principal products are silicon, silicones, ferrosilicon, foundry alloys, carbon materials and microsilica.Elkem has 24 production facilities in Europe, North and South America, Africa and Asia, as well as an extensive network of sales officesand agents covering the most important markets. | $32.8M / Grant / Aug 04, 2025 | ||
| Vianode is a producer of sustainably engineered battery materials. | $37.8M / Debt Financing / Apr 14, 2025 | ||
| Founded in February 2023 and incorporated in January 2024, Aurora Analytica is a pioneering health technology company dedicated to optimizing the clinical trial lifecycle and accelerating the development of new treatment options. Our AI-powered platform provides strategic insights, site intelligence, and data-driven tools that enable biotech andpharmaceutical companies to design faster, smarter trials. A single platform that brings together essential assessments, the Aurora Suite™ consists of eleven interconnected modules that function collaboratively within a comprehensive analytics environment. Built on over 30 years of industry expertise, Aurora Analytica bridges the gap between innovation and execution—reducing costs, improving accuracy, and ultimately helping bring better therapies to patients, faster. | $47.4K / Grant / Mar 20, 2025 | ||
| Avisomo is an AgriTech startup that develops vertical farming plant factory solutions. Avisomo's solutions use AI and robots to automate plant growth with a cost-cutting formula that makes vertical farming more profitable than ever. Avisomo offers everything required to start a plant factory, including know-how and guidance on how totransition from startup to stable production. | $1.7M / Grant / Jan 28, 2025 | ||
| See all 84 investments → | |||
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FAQ
What does Innovation Norway invest in?
Innovation Norway invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Grant and Seed stage. Most of the 84 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Innovation Norway invest in?
Innovation Norway typically joins rounds of $118k–$3.6M at Seed, $47k–$2M at Grant and $239k–$134M at Debt Financing. These are whole funding-round sizes, not Innovation Norway's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Innovation Norway took part in.
How do I contact Innovation Norway?
Public channels for Innovation Norway include LinkedIn, X (Twitter) and 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 Innovation Norway?
The team at Innovation Norway includes Anita Krohn Traaseth (CEO), Ase Pettersen Bailey (Business Development Manager) and Finn Aamodt (SVP), among 8 team members tracked by Shizune. 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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