# Innovation Norway

> Innovation Norway is a VC fund backing Software and Information Technology. See 83 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Oslo, Norway
- Total investments: 83
- Last investment: Mar 2026
- Lead investor: 47%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/innovation-norway
- X (Twitter): http://twitter.com/InnovasjonNorge
- Website: http://www.innovasjonnorge.no/
- Facebook: https://www.facebook.com/innovasjonnorge

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.

## Contacts

5 contacts available for Innovation Norway. Shizune tracks 8 team members at Innovation Norway. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/innovation-norway?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $118k–$3.6M |
| Grant | $47k–$1.7M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 18 | 22% |
| Information Technology | 10 | 12% |
| SaaS | 7 | 8% |
| Artificial Intelligence | 6 | 7% |
| E-Commerce | 5 | 6% |

121 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 34 | 41% |
| Seed | 13 | 16% |
| Funding Round | 8 | 10% |
| Debt Financing | 6 | 7% |
| Pre-Seed | 4 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 58 | 70% |
| Romania | 3 | 4% |
| Sweden | 1 | 1% |
| United States | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Anita Krohn Traaseth | CEO | 0 | https://shizune.co/investors/profile/anita-krohn-traaseth |
| Ase Pettersen Bailey | Business Development Manager | 0 | https://shizune.co/investors/profile/ase-pettersen-bailey |
| Finn Aamodt | SVP | 0 | https://shizune.co/investors/profile/finn-aamodt |
| Gaute Hagerup | Global Manager of Smart Cities & Societies | 0 | https://shizune.co/investors/profile/gaute-hagerup |
| Hege Barnes | Director New York | 0 | https://shizune.co/investors/profile/hege-barnes |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ofiniti | 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 | 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 | 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 | 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 |  |
| Aurora Analytica | 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 | 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 | Vianode is a producer of sustainably engineered battery materials. | $37.8M | Debt Financing | Apr 14, 2025 |  |
| Aurora Analytica | 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 | 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 |  |
| SportAI | SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry. | $805.9K | Grant | Jan 27, 2025 |  |

10 of 83 investments shown.

## Co-investors
- [Norwegian Research Council](https://shizune.co/investors/profile/norwegian-research-councils) — VC Fund, 6 deals together
- [DNB](https://shizune.co/investors/profile/dnb-nor) — VC Fund, 3 deals together
- [European Innovation Council](https://shizune.co/investors/profile/european-innovation-council) — VC Fund, 3 deals together
- [Bring Ventures](https://shizune.co/investors/profile/bring-ventures) — VC Fund, 2 deals together
- [Luminar Ventures](https://shizune.co/investors/profile/luminar-ventures) — VC Fund, 2 deals together
- [2M2D](https://shizune.co/investors/profile/2m2d) — VC Fund, 1 deal together

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## FAQ

### What does Innovation Norway invest in?

Innovation Norway invests primarily in Software, Information Technology and SaaS startups, most often at Grant and Seed stage. Most of the 83 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Innovation Norway's check size?

Innovation Norway typically joins rounds of $118k–$3.6M at Seed and $47k–$1.7M at Grant. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Innovation Norway participates 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 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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