# Norion Bank

> Norion Bank is a VC fund backing Software, Industrial and Construction. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 5
- Last investment: Sep 2025
- Lead investor: 20%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/norionbank/
- Website: https://www.norionbank.se/

Norion Bank is a VC fund focused on Software and Industrial. Financing bank for corporates and Real Estate companies

## Round sizes

| Stage | Round size |
| --- | --- |
| Debt Financing | $5.5M–$16M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 1 | 20% |
| Industrial | 1 | 20% |
| Construction | 1 | 20% |
| Building Material | 1 | 20% |
| Pollution Control | 1 | 20% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 4 | 80% |
| Venture - Series Unknown | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Verda (formerly DataCrunch) | DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models |  | Debt Financing | Sep 08, 2025 |  |
| Volare | Sustainable high-quality protein and lipid ingredients for the industry from local raw materials | $29.5M | Venture - Series Unknown | May 27, 2025 |  |
| AISTI | AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free – bringing sustainability to construction tile by tile. | $14.1M | Debt Financing | Dec 12, 2024 |  |
| Filtrabit | Filtrabit is a clean technology company that develops industrial-size dust extraction tools that help to solve dust control issues. | $5.5M | Debt Financing | Sep 11, 2024 |  |
| Vapaus | A circular economy startup Vapaus provides sustainable mobility solutions – Employee benefit bicycles and shared electric vehicles as a ready-to-use serviceWith its services, Vapaus supports customers’ to create and strengthen a better experience of the work community, to save on the costs of commuting and business travels, and to move towardssmarter and more environmentally friendly modes of transport, both at work and in employees’ leisure time.Every kilometer traveled by the Vapaus mobility solution removes carbon dioxide from the air, helping not only the environment but also customers on their way to carbon neutrality. The mission of Vapaus is to be a global leader when it comes to sustainable Corporate Mobility. | $16.1M | Debt Financing | Feb 13, 2024 |  |

5 of 5 investments shown.

## Co-investors
- [Finnish Climate Fund](https://shizune.co/investors/profile/finnish-climate-fund) — VC Fund, 2 deals together
- [Finnvera Venture Capital](https://shizune.co/investors/profile/finnvera-venture-capital) — VC Fund, 2 deals together
- [Armada Credit Partners](https://shizune.co/investors/profile/armada-mezzanine-capital) — VC Fund, 1 deal together
- [Danske Bank](https://shizune.co/investors/profile/danske-bank) — VC Fund, 1 deal together
- [Firstminute Capital](https://shizune.co/investors/profile/firstminute-capital) — VC Fund, 1 deal together
- [LähiTapiola](https://shizune.co/investors/profile/lahitapiola) — VC Fund, 1 deal together

## Similar investors

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### Similar stage
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### Similar country
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund
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- [Construction Investors in Finland](https://shizune.co/investors/construction-investors-finland)

## FAQ

### What does Norion Bank invest in?

Norion Bank invests primarily in Software, Industrial and Construction startups, most often at Debt Financing and Venture - Series Unknown stage. Most of the 5 investments tracked by Shizune back companies in Finland. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Norion Bank's check size?

Norion Bank typically joins rounds of $5.5M–$16M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Norion Bank participates in.

### When did Norion Bank last invest?

The most recent investment recorded for Norion Bank closed in Sep 2025. Shizune tracks 5 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.

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