# SNÖ Ventures

> SNÖ Ventures is a VC fund backing Software and Artificial Intelligence. See 41 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Oslo, Norway
- Total investments: 41
- Last investment: Sep 2025
- Lead investor: 54%
- Fund size: $100M
- Last fund: Jun 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/snovc
- X (Twitter): https://twitter.com/sno_vc
- Website: http://www.sno.vc
- Facebook: https://www.facebook.com/snoHQ/

SNÖ Ventures is a VC fund in Oslo focused on Software and Artificial Intelligence. SNÖ is an early stage venture capital firm that empowers Nordic technology entrepreneurs and startups. They founders are builders and entrepreneurs themselves, with unique digital expertise, and are extremely passionate about the various aspects that make a startup succeed.SNÖ is based in Oslo, Norway. It was founded by Magne Uppman and TeodorBjerrang in 2015.

## Contacts

5 contacts available for SNÖ Ventures. Shizune tracks 4 team members at SNÖ Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/snÖ-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$5.5M |
| Pre-Seed | $2.8M–$4.5M |
| Series A | $4.8M–$60M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 9 | 22% |
| Artificial Intelligence | 5 | 12% |
| Machine Learning | 4 | 10% |
| Information Technology | 4 | 10% |
| SaaS | 3 | 7% |

45 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 19 | 46% |
| Pre-Seed | 6 | 15% |
| Series A | 3 | 7% |
| Funding Round | 3 | 7% |
| Series B | 1 | 2% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 12 | 29% |
| United States | 8 | 20% |
| Sweden | 2 | 5% |
| Denmark | 2 | 5% |
| Finland | 1 | 2% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Kremena Tosheva | Investment Associate | 0 | https://shizune.co/investors/profile/kremena-tosheva |
| Magne Uppman | Founding Managing Partner | 1 | https://shizune.co/investors/profile/magne-uppman |
| Max Samuel | General Partner | 4 | https://shizune.co/investors/profile/max-samuel |
| Teodor Bjerrang | Founding Partner | 0 | https://shizune.co/investors/profile/teodor-bjerrang |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Nolla Health | Nolla Health is a technology-driven healthcare company that focuses on developing AI-powered digital doctors, starting with skin health and dermatology. | $4.5M | Seed | Sep 18, 2025 |  |
| MusicInfra | Helping creators and copyright owners getting paid faster and more accurately than ever | $5M | Venture - Series Unknown | Sep 18, 2025 |  |
| Sindri | Sindri is a platform that helps the energy industry utilizing artificial intelligence, machine learning, and computer vision technologies. |  | Pre-Seed | Jul 03, 2025 |  |
| Nordic Air Defence | Nordic Air Defence maintains democratic values, which are essential to both societal stability and human advancement in a world that is changing quickly. | $4.3M | Pre-Seed | Jul 03, 2025 |  |
| Take Take Take | Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement. | $5.5M | Seed | Apr 23, 2025 |  |
| MusicInfra | Helping creators and copyright owners getting paid faster and more accurately than ever | $4.5M | Pre-Seed | Mar 21, 2025 |  |
| IntuiCell | IntuiCell develops a fundamentally new recursive computing architecture and associated technology platform. | $3M | Seed | Mar 21, 2025 |  |
| Nordic Air Defence | Nordic Air Defence maintains democratic values, which are essential to both societal stability and human advancement in a world that is changing quickly. | $1.3M | Seed | Nov 12, 2024 |  |
| Economic Mind | Economic Mind offers a comprehensive digital twin of the global economy, designed to empower strategic decision-makers. Founded by a team of former consultants and technologists, the company aims to tackle the complex challenge of modeling the world economy to make critical business information more accessible. Economic Mind serves a diverse rangeof clients, including businesses, investors, and policymakers, who require detailed economic data to make informed decisions. Operating in the business analytics and market intelligence sector, the company provides insights into over 100,000 markets, 10 million companies, 250 countries, and 1,000 industries. Economic Mind's business model revolves around offering a subscription-based platform that delivers valuable economic data and analytics to its clients, generating revenue through these subscriptions. The company is led by a team of experienced professionals, including Gard Rystad, Aksel Reiten, Jens Martin Dahlum, Nikolai Bratsberg, and others, who bring expertise from leading firms like McKinsey & Company and BCG. | $2.8M | Pre-Seed | Oct 08, 2024 |  |
| Take Take Take | Fantasy Chess is a platform that allows users to pick teams of real-world chess players, track their performance in tournaments, and receive points based on their achievement. | $3M | Pre-Seed | Jun 25, 2024 |  |

10 of 41 investments shown.

## Co-investors
- [Investinor](https://shizune.co/investors/profile/investinor) — VC Fund, 8 deals together
- [TQ Ventures](https://shizune.co/investors/profile/tq-ventures) — VC Fund, 7 deals together
- [Arkwright X](https://shizune.co/investors/profile/arkwright-x) — VC Fund, 6 deals together
- [Coatue](https://shizune.co/investors/profile/coatue) — VC Fund, 4 deals together
- [Rogue Venture Partners](https://shizune.co/investors/profile/rogue-venture-partners) — VC Fund, 4 deals together
- [Concentric](https://shizune.co/investors/profile/concentric) — VC Fund, 3 deals together

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## FAQ

### What does SNÖ Ventures invest in?

SNÖ Ventures invests primarily in Software, Artificial Intelligence and Machine Learning startups, most often at Seed and Pre-Seed stage. Most of the 41 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is SNÖ Ventures's check size?

SNÖ Ventures typically joins rounds of $1M–$5.5M at Seed, $2.8M–$4.5M at Pre-Seed and $4.8M–$60M 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 SNÖ Ventures participates in.

### How do I contact SNÖ Ventures?

Public channels for SNÖ Ventures 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 SNÖ Ventures?

The team at SNÖ Ventures includes Kremena Tosheva (Investment Associate), Magne Uppman (Founding Managing Partner) and Max Samuel (General Partner). 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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