# SpareBank 1

> SpareBank 1 is a VC fund in Oslo backing SaaS, Solar and Robotics. See 4 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Oslo, Norway
- Total investments: 4
- Last investment: Feb 2025
- Lead investor: 25%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/sparebank-1
- X (Twitter): https://twitter.com/sparebank1_no
- Website: https://www.sparebank1.no
- Facebook: https://www.facebook.com/SpareBank1

SpareBank 1 is a VC fund in Oslo focused on SaaS and Solar. SpareBank 1 Alliance is the second largest financial institution.

## Contacts

5 contacts available for SpareBank 1. Shizune tracks 2 team members at SpareBank 1. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/sparebank-1?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 1 | 25% |
| Solar | 1 | 25% |
| Robotics | 1 | 25% |
| CleanTech | 1 | 25% |
| Industrial | 1 | 25% |

9 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 2 | 50% |
| Post-IPO Debt | 1 | 25% |
| Debt Financing | 1 | 25% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Kari Eline Strandjord | Full Stack Developer | 0 | https://shizune.co/investors/profile/kari-eline-strandjord |
| Liv Bortne Ulriksen | CEO | 0 | https://shizune.co/investors/profile/liv-bortne-ulriksen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Vow Green Metals | Vow Green Metals purpose is to hasten the global switch to renewable resources by providing environmentally friendly substitutes for fossil reduction agents in the metallurgical sector. | $1.8M | Post-IPO Debt | Feb 18, 2025 |  |
| AlumatIQ | AlumatIQ specializes in industrial robotics, automation, and digitalization in the aluminum industry. Their first product is robotic automation of the anode change process, with high accuracy, consistency, and speed. Improves health and safety conditions for operators in pot rooms and reduces emissions of HF and greenhouse gases. | $2.6M |  | Jul 06, 2022 |  |
| Skyfri | Skyfri is one of the fastest-growing cleantech companies globally, headquartered in Oslo, Norway, with more than 140 employees across offices in the Denver, London, Oslo, Singapore and Bangalore. The company provides solar asset owners with sophisticated firmware and software to increase revenues and reduce down-time in production, through itsplatform Skyfri Intelligence. The platform is built to automate operations, maintenance, and asset management - accelerating the deployment of solar energy globally. In certain regions, Skyfri Intelligence is supported by Skyfri Energy, the company's own service division. Skyfri is backed by some of Europe's climate tech investors and has a strong management team with experience in building and listing renewable energy and technology companies. | $1M | Debt Financing | Mar 10, 2022 |  |
| Sonoclear AS | BrainImage is the provider of SonoClear® - an acoustic coupling fluid for enhanced ultrasound imaging. This technology removes surgically induced image artefacts providing basis for enhanced clinical decision support. | $1.1M |  | Jun 25, 2018 |  |

4 of 4 investments shown.

## Co-investors
- [CoFounder](https://shizune.co/investors/profile/cofounder-no) — VC Fund, 1 deal together
- [DNB Ventures](https://shizune.co/investors/profile/dnb-ventures) — VC Fund, 1 deal together
- [Innovation Norway](https://shizune.co/investors/profile/innovation-norway) — VC Fund, 1 deal together
- [Sarsia Seed Management](https://shizune.co/investors/profile/sarsia-seed-management) — VC Fund, 1 deal together
- [SINTEF Venture AS](https://shizune.co/investors/profile/sintef-tto) — VC Fund, 1 deal together

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## FAQ

### What does SpareBank 1 invest in?

SpareBank 1 invests primarily in SaaS, Solar and Robotics startups, most often at Funding Round and Post-IPO Debt stage. Most of the 4 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact SpareBank 1?

Public channels for SpareBank 1 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 SpareBank 1?

The team at SpareBank 1 includes Kari Eline Strandjord (Full Stack Developer) and Liv Bortne Ulriksen (CEO). 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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