# Simula Innovation

> Simula Innovation is a VC fund in Fornebu backing Machine Learning and Artificial Intelligence. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Fornebu, Norway
- Total investments: 6
- Last investment: Jun 2025
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/simula-ventures/about/
- Website: https://www.simula.no/innovation-activities-simula

Simula Innovation is an early-stage technology investor.

## Round sizes

| Stage | Round size |
| --- | --- |
| Pre-Seed | $250k–$672k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Machine Learning | 2 | 33% |
| Artificial Intelligence | 2 | 33% |
| SaaS | 1 | 17% |
| Software | 1 | 17% |
| Analytics | 1 | 17% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 3 | 50% |
| Seed | 1 | 17% |
| Series A | 1 | 17% |
| Funding Round | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SurplusMap | SurplusMap is pioneering EV Infrastructure Intelligence. We use AI to transform charging and energy data into predictive, map-based insights that show where to build, how to forecast demand, and how to balance grid impact. Our platform unifies CPOs, energy companies, cities, and developers around a single source of truth — helping them scalecharging networks faster, reduce risks, and unlock new energy opportunities. | $250K | Pre-Seed | Jun 01, 2025 |  |
| Adline | Adline Professional offers multiple channels advertising and marketing platform that helps businesses drive more traffic and conversions. | $627.8K | Series A | Jun 01, 2021 |  |
| Völur | Völur is an AI-based technology company that optimizes the cutting and processing of sustainable meat. This technology helps meat producers create value by getting the most out of every animal which reduces the need for animals, increases yields, and improves demand satisfaction while reducing inventory levels. | $933K |  | May 20, 2021 |  |
| Völur | Völur is an AI-based technology company that optimizes the cutting and processing of sustainable meat. This technology helps meat producers create value by getting the most out of every animal which reduces the need for animals, increases yields, and improves demand satisfaction while reducing inventory levels. | $600K | Pre-Seed | May 20, 2021 |  |
| Savvie | Savvie is a user-friendly mobile-first digital assistant which will contribute to the triple bottom line of helping businesses, society, and the planet. Our app for business optimization leverages data and machine learning models to help food businesses make the right decisions for improving their operations and increase profitability whilereducing waste at its source. Savvie will allow users to optimize forecasting, waste tracking, scheduling, production planning and inventory management. Our app is highly intuitive, requires no training, and users can be onboarded within minutes. Our vision is to become a one-stop shop for store management by empowering users to build more sustainable food businesses. | $672K | Pre-Seed | Dec 15, 2020 |  |
| Adline | Adline Professional offers multiple channels advertising and marketing platform that helps businesses drive more traffic and conversions. | $627.2K | Seed | Feb 01, 2020 |  |

6 of 6 investments shown.

## Co-investors
- [Altitude Capital](https://shizune.co/investors/profile/altitude-capital) — VC Fund, 2 deals together
- [Middelborg](https://shizune.co/investors/profile/middelborg) — VC Fund, 2 deals together
- [Smart Innovation Norway](https://shizune.co/investors/profile/smart-innovation-norway) — VC Fund, 2 deals together
- [Startuplab](https://shizune.co/investors/profile/startup-lab) — VC Fund, 2 deals together
- [Bentley iTwin Ventures](https://shizune.co/investors/profile/bentley-itwin-ventures) — VC Fund, 1 deal together
- [EIT Urban Mobility](https://shizune.co/investors/profile/eit-urban-mobility) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
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## FAQ

### What does Simula Innovation invest in?

Simula Innovation invests primarily in Machine Learning, Artificial Intelligence and SaaS startups, most often at Pre-Seed and Seed stage. Most of the 6 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

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

Simula Innovation typically joins rounds of $250k–$672k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Simula Innovation participates in.

### When did Simula Innovation last invest?

The most recent investment recorded for Simula Innovation closed in Jun 2025. Shizune tracks 6 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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