# SINTEF Venture AS

> SINTEF Venture AS is a VC fund backing Manufacturing. See 34 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Trondheim, Norway
- Total investments: 34
- Last investment: May 2025
- Lead investor: 32%
- Fund size: $51M
- Last fund: Jun 2018
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company-beta/18151197/
- Website: http://www.sintef.no/en/tto
- Facebook: https://www.facebook.com/sinteftto/

SINTEF Venture AS is a VC fund in Trondheim focused on Manufacturing and Information Technology. SINTEF TTO & Venture invest in spin-off companies from SINTEF, NTNU and other research based institutions in Norway. Our dealflow reflect results from state-of-art research and cover a variety of sectors. SINTEF Venture seek to co-invest with VC funds with sector expertise at an early stage.

## Contacts

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

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $160k–$6.2M |
| Venture - Series Unknown | $1.6M–$17M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 5 | 15% |
| Information Technology | 5 | 15% |
| Software | 4 | 12% |
| Energy | 3 | 9% |
| Biotechnology | 3 | 9% |

38 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 12 | 35% |
| Funding Round | 8 | 24% |
| Venture - Series Unknown | 3 | 9% |
| Pre-Seed | 2 | 6% |
| Series B | 2 | 6% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 22 | 65% |
| United States | 1 | 3% |
| United Kingdom | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Anders Lian | CEO | 0 | https://shizune.co/investors/profile/anders-lian |
| Asle Jostein Hovda | Investment Director | 4 | https://shizune.co/investors/profile/asle-jostein-hovda |
| Eli Grong Aursand | Investment Director | 0 | https://shizune.co/investors/profile/eli-grong-aursand |
| Inge Hovd Gangås | Investment Director | 0 | https://shizune.co/investors/profile/inge-hovd-gang%C3%A5s |
| John Torvik | Investment Director | 0 | https://shizune.co/investors/profile/john-torvik |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hystar | Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions. | $36M | Series C | May 12, 2025 |  |
| Hydrogen Mem-Tech | Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture. |  |  | Oct 22, 2024 |  |
| Sonair | Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure. | $1.6M | Venture - Series Unknown | Oct 07, 2024 |  |
| KIT-AR | KIT-AR is an industrial AR solution to enhance workers on the manufacturing shopfloor. | $3.6M | Seed | Feb 26, 2024 |  |
| Cartesian | Cartesian unlocks the power of thermal energy storage to help the world’s most energy-intensive sectors to boost energy efficiency and rapidly reduce their carbon footprint. | $2.2M | Seed | Feb 23, 2024 |  |
| Sensibel | Sensibel commercializes ultra-high-sensitivity MEMS microphones based on an optical MEMS technology. | $7.6M | Venture - Series Unknown | Feb 21, 2024 |  |
| Hystar | Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions. | $25.8M | Series B | Jan 11, 2023 |  |
| Nomono | The Next Generation Audio company. | $3.5M | Seed | Sep 14, 2022 |  |
| KIT-AR | KIT-AR is an industrial AR solution to enhance workers on the manufacturing shopfloor. | $2.1M | Seed | Jun 22, 2022 |  |
| Hydrogen Mem-Tech | Hydrogen Mem-Tech aim is to make the green shift happen through our state-of-the-art hydrogen separation technology with carbon capture. | $17.5M | Venture - Series Unknown | May 10, 2022 |  |

10 of 34 investments shown.

## Co-investors
- [Investinor](https://shizune.co/investors/profile/investinor) — VC Fund, 7 deals together
- [AP Ventures](https://shizune.co/investors/profile/ap-ventures) — VC Fund, 5 deals together
- [ProVenture](https://shizune.co/investors/profile/proventure-management) — VC Fund, 3 deals together
- [Best Horizon](https://shizune.co/investors/profile/best-horizon) — VC Fund, 2 deals together
- [Criteria Venture Tech](https://shizune.co/investors/profile/caixa-capital) — VC Fund, 2 deals together
- [Armilar Venture Partners](https://shizune.co/investors/profile/espirito-santo-ventures) — VC Fund, 2 deals together

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## FAQ

### What does SINTEF Venture AS invest in?

SINTEF Venture AS invests primarily in Manufacturing, Information Technology and Software startups, most often at Seed and Funding Round stage. Most of the 34 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is SINTEF Venture AS's check size?

SINTEF Venture AS typically joins rounds of $160k–$6.2M at Seed and $1.6M–$17M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds SINTEF Venture AS participates in.

### How do I contact SINTEF Venture AS?

Public channels for SINTEF Venture AS include LinkedIn, the website linked on this profile and Facebook. 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 SINTEF Venture AS?

The team at SINTEF Venture AS includes Anders Lian (CEO), Asle Jostein Hovda (Investment Director) and Eli Grong Aursand (Investment Director). 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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