# Investinor

> Investinor is a VC fund in Trondheim backing Software and Biotechnology. See 123 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Trondheim, Norway
- Total investments: 123
- Last investment: May 2026
- Lead investor: 50%
- Fund size: $148M
- Last fund: Sep 2011
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/474941
- X (Twitter): http://twitter.com/investinorAS
- Website: http://www.investinor.no

Investinor is a VC fund in Trondheim focused on Software and Biotechnology. Investinor invests in Norwegian based, high potential companies that are internationally oriented and in the phases ranging from early growth to expansion. The company has BNOK 4.2 ($500 m) under management and focus on companies within the internet, software, semiconductors, energy, cleantech, marine and life sciences sectors.

## Contacts

5 contacts available for Investinor. Shizune tracks 13 team members at Investinor. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/investinor?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $400k–$3.6M |
| Series A | $2M–$25M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 23 | 19% |
| Biotechnology | 16 | 13% |
| Manufacturing | 13 | 11% |
| Information Technology | 13 | 11% |
| Health Care | 10 | 8% |

132 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 49 | 40% |
| Series A | 22 | 18% |
| Seed | 19 | 15% |
| Series B | 9 | 7% |
| Venture - Series Unknown | 6 | 5% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 82 | 67% |
| United States | 4 | 3% |
| Sweden | 1 | 1% |
| Switzerland | 1 | 1% |
| United Kingdom | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ann-Tove Kongsnes | Investment Director | 10 | https://shizune.co/investors/profile/ann-tove-kongsnes |
| Bent Grøver | Principal | 1 | https://shizune.co/investors/profile/bent-grver |
| Birgitte Gangmark Villmo | Investment Manager | 1 | https://shizune.co/investors/profile/birgitte-gangmark-villmo |
| Egil Garberg | Investment Associate | 5 | https://shizune.co/investors/profile/egil-garberg |
| John-Arne Hørløck | Investment Associate | 0 | https://shizune.co/investors/profile/john-arne-h%C3%B8rl%C3%B8ck |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Muybridge | Muybridge is a imaging platform that develops software and sensors for cameras. | $16M | Series A | May 21, 2026 |  |
| Two | Two is a B2B payments and financial technology company that provides buy now, pay later, and net-term payment solutions for businesses. Its platform enables merchants to offer flexible payment terms across online, direct, and in-store sales while automating credit checks, fraud assessment, invoicing, payment collection, and receivables management.Two also provides APIs and tools for integrating B2B payment and credit services into commerce systems. | $15.2M | Series A | Jul 11, 2025 |  |
| Actithera | Actithera is a molecular radiotherapeutic company that develops radioligand therapies. It translates medicinal chemistry insights into new radioligand therapies (RLTs) and applies various molecular design strategies, including covalent targeting and an isotope-agnostic philosophy, to invent RLTs with significant differentiation and largertherapeutic windows. | $75.5M | Series A | Jul 09, 2025 |  |
| Kongsberg Ferrotech | Kongsberg Ferrotech provides robotic services underwater with integrated inspection, repair, and maintenance solutions. Kongsberg Ferrotech enhances offshore renewables by addressing intricate degradation issues and introducing cutting-edge robotic solutions for the inspection and repair of underwater assets. | $14.1M | Seed | Jul 09, 2025 |  |
| Tribune Therapeutics | Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. | $24.7M | Series A | Mar 26, 2025 |  |
| EXACT Therapeutics | EXACT Therapeutics is a clinical-stage Norwegian biotech company developing a technology platform for targeted therapeutic enhancement – Acoustic Cluster Therapy (ACT®). ACT® sonoporation is a unique approach to ultrasound-mediated, targeted drug enhancement – with the potential to significantly amplify the clinical utility of a wide range oftherapeutic agents across a multitude of indications including within oncology (chemotherapy, immunotherapy), infectious diseases, and neurological conditions. | $13.1M | Post-IPO Equity | Dec 03, 2024 |  |
| Heimdall Power | Heimdall Power is a technology company specializing in smart grid solutions for the energy sector. They focus on optimizing and digitizing power grid infrastructure to enhance efficiency, reliability, and sustainability. These sensors are installed on power lines to provide real-time data on various parameters, including temperature, load, and linesag. They help in monitoring and managing the grid more effectively. Heimdall Power's mission is to revolutionize the way power grids are managed by providing real-time data and advanced analytics to improve grid performance and facilitate the transition to renewable energy sources. | $25M | Series B | Jul 16, 2024 |  |
| Keenious | Keenious uses an AI recommendation engine to analyze documents, understand their content, and compare them to millions of scientific publications. This tool helps users discover relevant research by identifying shared rare terms between the text and articles' titles and abstracts. Keenious integrates with platforms like Microsoft Word andGoogle, providing summaries and relevant articles to enhance research and knowledge discovery. | $1.4M | Venture - Series Unknown | Jun 04, 2024 |  |
| Sensibel | Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology. | $7.6M | Venture - Series Unknown | Feb 21, 2024 |  |
| Sensibel | Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology. | $7.6M | Venture - Series Unknown | Feb 21, 2024 |  |

10 of 123 investments shown.

## Co-investors
- [Alliance VC](https://shizune.co/investors/profile/alliance-venture) — VC Fund, 10 deals together
- [ProVenture](https://shizune.co/investors/profile/proventure-management) — VC Fund, 8 deals together
- [SNÖ Ventures](https://shizune.co/investors/profile/sn%C3%96-ventures) — VC Fund, 8 deals together
- [SINTEF Venture AS](https://shizune.co/investors/profile/sintef-tto) — VC Fund, 7 deals together
- [Arkwright X](https://shizune.co/investors/profile/arkwright-x) — VC Fund, 6 deals together
- [MP Pensjon](https://shizune.co/investors/profile/mp-pensjon-941a) — VC Fund, 6 deals together

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## FAQ

### What does Investinor invest in?

Investinor invests primarily in Software, Biotechnology and Manufacturing startups, most often at Funding Round and Series A stage. Most of the 123 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Investinor's check size?

Investinor typically joins rounds of $400k–$3.6M at Seed and $2M–$25M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Investinor participates in.

### How do I contact Investinor?

Public channels for Investinor 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 Investinor?

The team at Investinor includes Ann-Tove Kongsnes (Investment Director), Bent Grøver (Principal) and Birgitte Gangmark Villmo (Investment Manager), among 13 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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