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Top 50 Renewable Energy Startup Investors in Norway (June 2026)

The most active venture capital funds and angel investors investing in Norway Renewable Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Renewable Energy startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Antler
VC Fund
4 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Speedinvest
VC Fund
4 Germany, United Kingdom, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $406k–$38M
Momentum
VC Fund
4 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $1.6M–$4.2M
Voyagers
VC Fund
3 Germany, United Kingdom, The Netherlands Seed, Pre-Seed, Convertible Note Manufacturing, Software, Renewable Energy $1M–$6.6M
Chris Murphy
Angel
3 United States, Germany, Denmark Seed, Pre-Seed, Series A Software, SaaS, Information Technology $1.7M–$35M
SINTEF Venture AS
VC Fund
2 Norway, United States, United Kingdom Seed, Pre-Seed Software, Manufacturing, Energy $160k–$5.1M
Link Venture Capital
VC Fund
2 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Renewable Energy, Marine Technology $400k–$4.4M
Eviny Ventures
VC Fund
2 Norway Seed, Series A PaaS, SaaS, Solar $5.4M–$5.6M
Singularity
VC Fund
2 Norway Pre-Seed, Convertible Note SaaS, Software, CleanTech
Statkraft Ventures
VC Fund
2 Norway, France, Germany Series A, Series B Renewable Energy, Energy, Big Data $3.2M–$115M
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Robotics, Software, Renewable Energy $1.8M–$2.4M
Luminar Ventures
VC Fund
2 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
ProVenture
VC Fund
2 Norway, United States, India Seed, Series A Software, Oil and Gas, Manufacturing $744k–$6.6M
Lifeline Ventures
VC Fund
2 Finland, United States, United Kingdom Seed, Series A Software, Health Care, E-Commerce $547k–$20M
Sondo Capital
VC Fund
2 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $660k–$5.1M
Shell Ventures
VC Fund
1 United States, United Kingdom, India Series A, Series B Energy, Renewable Energy, Software $3M–$126M
MKS PAMP
VC Fund
1 Norway, United Kingdom Seed Energy, Mining, Recycling
Andreas Helbig
Angel
1 Denmark, Germany, Norway Seed, Series A, Series B Software, SaaS, Information Technology $3.5M–$20M
PT1
VC Fund
1 Germany, United Kingdom, Switzerland Seed, Series A, Pre-Seed Software, Real Estate, SaaS $1.1M–$18M
Acurio Ventures
VC Fund
1 Spain, United States, United Kingdom Seed, Series A, Series B Software, E-Commerce, Artificial Intelligence $1.2M–$50M
Futurum Capital
VC Fund
1 Brazil, Norway, United States Seed, Series A Art, Software, Analytics $350k–$4M
Hillhouse Ventures
VC Fund
1 China, Singapore, Norway Series A, Series B, Seed Manufacturing, Biotechnology, Health Care $10M–$120M
Family Office
Angel
1 Canada, Norway, Germany Pre-Seed, Seed Music, Energy, Sports
Trond Riiber Knudsen
Angel
1 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, E-Commerce $300k–$3.5M
547 Energy
VC Fund
1 Norway, Ireland Seed, Private Equity Renewable Energy, Solar, Energy
Aidiom
VC Fund
1 Norway, Czech Republic Pre-Seed, Seed, Series A Software, Industrial, Artificial Intelligence $590k–$1.1M
Smedvig Ventures
VC Fund
1 United Kingdom, Sweden, Norway Series A, Series B, Series C Software, SaaS, Advertising $1.5M–$30M
Unpopular Ventures
VC Fund
1 United States, India, Mexico Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $500k–$69M
Golar LNG Partners
VC Fund
1 Norway Energy, Industrial, Renewable Energy
We Are Human
VC Fund
1 Norway Seed, Angel, Convertible Note SaaS, Mobile, Software
New Age Ventures
VC Fund
1 United States, Israel, Norway Seed, Pre-Seed, Series A Health Care, Medical, Software $50k–$10M
Standard Lithium
VC Fund
1 Norway Energy, Industrial, Renewable Energy
Brighteye Ventures
VC Fund
1 United Kingdom, France, Spain Seed, Series A, Pre-Seed Education, Software, E-Learning $549k–$20M
EMOS
VC Fund
1 Norway Solar, Energy, CleanTech
KLP Liv
VC Fund
1 Norway Solar, Energy, CleanTech
OBOS Forsikring
VC Fund
1 Norway Seed, Series A Real Estate, Information Technology, SaaS
Grieg Kapital
VC Fund
1 Norway Venture - Series Unknown, Seed Software, SaaS, Robotics $4.2M–$10M
Akershus Energi
VC Fund
1 Norway Solar, Energy, CleanTech
Export Development Canada
VC Fund
1 Canada, United States, United Kingdom Series B, Series A Software, Manufacturing, Renewable Energy $3.5M–$50M
NATO Innovation Fund
VC Fund
1 United Kingdom, Germany, Norway Seed, Series A Manufacturing, Robotics, Aerospace
Johan Brand
Angel
1 Norway, United States, United Kingdom Seed, Series A Software, EdTech, CleanTech $1.4M–$3.5M
Global Ship Lease
VC Fund
1 Norway Energy, Industrial, Renewable Energy
Nysnø
VC Fund
1 Norway, United Kingdom Series A, Series B Renewable Energy, Robotics, Software $5M–$44M
Futurum Ventures
VC Fund
1 Norway Series A Payments, Employee Benefits
Unruly Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed Biotechnology, CleanTech, Clean Energy $548k–$9.2M
Wiski Capital
VC Fund
1 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$7.7M
RunwayFBU
VC Fund
1 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $551k–$6.2M
Agder Energi Venture
VC Fund
1 Norway Solar, Energy, Battery
AVG Group
VC Fund
1 Norway Seed Electronics, Manufacturing, Semiconductor
EV Private Equity
VC Fund
1 United States, United Kingdom, Norway Pre-Seed, Series A Oil and Gas, Energy, Software $450k–$8.5M
Access all 138 investors in Norway Renewable Energy startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Antler
VC Fund · Singapore, Central Region, Singapore · 4 investments in Norway Renewable Energy startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 932
  • Round size: Seed $362k–$5.8M; Pre-Seed $100k–$1.3M; Series A $4.6M–$29M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • not8 — not8 is a SaaS platform that helps digital agencies and IT companies save those hours and increase employee productivity by up to 15% by moving all the conversations "inside the product".
  • Qeeper — On-demand property maintenance across London, Edinburgh and Brighton
  • Cloud Cycle — Globally we produce over 10 billion tons of concrete each year, its the second most consumed material on the planet behind wate and is responsible for upto 10% of global CO2 emissions. Around 5% of all concrete produced goes to waste, this waste in the UK alone costs around £400 million.Cloud Cycle has developed an on-truck device and sensorarray which feeds our cloud platform to ensure concrete meets specification & prevents waste. Even when surplus does still occur, our marketplace for the local on-sale of surplus concrete will find a buyer. We aim to save industry billions whilst reducing global CO2 by 1%.We are using advanced technology & the circular economy to transform the concrete industry.
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Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway Renewable Energy startups

Speedinvest is a globally active European venture capital firm built on a simple belief: many move more. From six offices across EMEA, our sector-focused investment teams back relentless founders from pre–Seed to Growth with long-term conviction, providing day-one access to our global network of corporate customers, experts, industry leaders, andtop-tier follow-on investors to scale smarter and faster. Building lasting companies like Bitpanda (Austria), Moove (Nigeria), Gigs (U.S.), Tide (UK), ARX Robotics (Germany), Wayflyer (Ireland), GoStudent (Austria), Seqera Labs (Spain), and Cylib (Germany) — together. Big ideas may start with one. But scaling and winning take The Power of More.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Austria

Investor stats

  • Total investments: 518
  • Round size: Seed $823k–$8M; Pre-Seed $406k–$3.8M; Series A $3.7M–$38M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $384M in 2022

Portfolio highlights

  • Findery — Find and leave notes anywhere in the world, discover local knowledge, hidden secrets, and exciting stories. Share your travel knowledge, geoblog, or local news!
  • MinersAI — Unlock valuable insights from intricate geological data with Miners AI. Our AI-driven platform empowers exploration teams to make informed decisions and optimize mining operations.
  • Primer — Primer is the first open automation platform for payments, enabling you to build end-to-end payment flows with no code, and a checkout developers love.
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Momentum
VC Fund · Bergen, Hordaland, Norway · 4 investments in Norway Renewable Energy startups

Momentum invests in companies with sustainability and climate impact at the heart of their business. We invest in innovative and ambitious teams, with a particular focus on the ocean industries, agriculture, renewables and construction/property (incl. energy efficiency).We typically enter in the seed stage, following our portfolio companiesall the way through their scaling.We roll up our sleeves and contribute to the development of our companies, always based on aligned incentives. Momentum brings competence and involvement to the table, not only equity.

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Investment focus

  • Industry: Renewable Energy, Energy, Manufacturing
  • Stage:Seed, Series A
  • Geography: Norway, Finland, United Kingdom

Investor stats

  • Total investments: 15
  • Round size: Seed $1.6M–$4.2M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Enerin — Enerin reduces energy consumption and costs through our know-how within energy technology and operation of heating and cooling systems, including industrial heat pumps through our products Thermonitor, HoegTemp, WaveClean, Feedwater systems and Niprox water treatment.
  • TheStorage — Flexible industrial heat electrification and scalable energy storage. TheStorage offers cost efficient, sustainable grid scale energy storage that can discharge heat, steam or CHP.
  • Photoncycle — The year-round solar energy system for heating and electricity
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Voyagers
VC Fund · London, England, United Kingdom · 3 investments in Norway Renewable Energy startups

VOYAGERS organises by-invitation adventures designed to build close connections between exceptional people, with the goal of accelerating positive impact. Relationships deepen through our regular video calls, group chats and in-person dinner salons.

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Investment focus

  • Industry: Manufacturing, Software, Renewable Energy
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Germany, United Kingdom, The Netherlands

Investor stats

  • Total investments: 23
  • Round size: Seed $2M–$6.6M; Pre-Seed $1M–$2.5M; Convertible Note $3.5M–$5M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Ecair — Ecair provides software for indoor air quality and energy management. The platform aggregates data from connected sensors to track pollutants, CO2, humidity, temperature, and particulate matter in real time. Dashboards, alerts, and APIs support building operations, facility managers, and ESG teams. Algorithms estimate exposure, flag ventilationissues, and suggest HVAC adjustments to balance comfort, health, and energy use. Reporting tools support certifications and compliance, and data exports integrate with BMS, CMMS, and data warehouses. Services include device provisioning, calibration management, and analytics consulting for multi-site portfolios.
  • Climate X — Climate X combines climate science and econometrics to deliver precise climate risk data without any black boxes.
  • Ark Climate — Ark Climate is a climate-tech company that develops software to support municipal climate protection planning and execution.
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Chris Murphy
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Norway Renewable Energy startups

Chris Murphy is a Venture Partner at MS&AD Ventures. He previously cofounded SaaStock and was an early Web Summit employee.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Germany, Denmark

Investor stats

  • Total investments: 61
  • Round size: Seed $1.8M–$9.9M; Pre-Seed $1.7M–$3.3M; Series A $7.5M–$35M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zero — Protect your devices and gain access to websites. Round-the-clock customer support. VPN for Windows, Android, macOS, iOS, and routers. Free trial period.
  • Twirl — A seamless experience for deploying data products
  • SimpleStudy — Learn smarter with revision notes, past papers, quizzes, and expert tools for major Irish academic exams. Join SimpleStudy Ireland and boost your grades today.
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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Renewable Energy startups

We commercialize technology created by SINTEF's research environments

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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $160k–$5.1M; Pre-Seed $373k–$762k
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2018

Portfolio highlights

  • Nomono — Capture studio-quality podcasts with immersive 3D audio. Get professional mics, AI editing, and cloud storage in one system. Start your free trial today.
  • 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.
  • 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.
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Eviny Ventures
VC Fund · Bergen, Hordaland, Norway · 2 investments in Norway Renewable Energy startups

Eviny Ventures is the venture fund of the Eviny Group, which invests in start-up and growth companies that think new and have the potential to play a key role in the renewable society of the future.

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Investment focus

  • Industry: PaaS, SaaS, Solar
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Round size: Seed $5.4M–$5.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Appfarm — Quickest way to develop apps
  • Photoncycle — The year-round solar energy system for heating and electricity
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
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Singularity
VC Fund · 2 investments in Norway Renewable Energy startups

Luxembourg-based family office

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Investment focus

  • Industry: SaaS, Software, CleanTech
  • Stage:Pre-Seed, Convertible Note
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Skyfri — The most advanced operating platform for solar assets - maximizing production and reducing cost.
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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 2 investments in Norway Renewable Energy startups

Statkraft Ventures is a long-term partner for entrepreneurs disrupting the energy sector.

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Investment focus

  • Industry: Renewable Energy, Energy, Big Data
  • Stage:Series A, Series B
  • Geography: Norway, France, Germany

Investor stats

  • Total investments: 47
  • Round size: Series A $3.2M–$23M; Series B $8.5M–$115M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • zolar — With the zolar online configurator, homeowners can customise the components of their PV system to suit their individual requirements and receive personal assistance from one of our solar energy experts at the same time. zolar’s extensive network of local partner companies takes care of the installation on site. The Berlin-based start-up employsaround 200 employees across Germany and pursues the vision of installing a PV system on every roof in the world in order to make private households more independent from the mains grid. The dovetailing of energy generation, electricity storage and mobility allows customers to design electrified and smart households. As a next green energy company, zolar enables its customers to become energy providers for their own four walls, neutralise their carbon footprint and, in turn, make an effective contribution to climate protection.
  • Fluctuo — Keeping track of all the new mobility services requires a constant monitoring process, a reliable and exhaustive data source and a complete set of analytics tools.By providing powerful SAAS solutions to collect, analyze and visualize data, fluctuo reduces the time, efforts and costs to supervise & manage this new generation of transportationservices.
  • Betterspace — Betterspace is innovative and holistic solution provider for the reliable and efficient digitization in the hotel industry. Betterspace is 360 ° solution provider for the digitization of hotels. Their goal is to partner with in intelligent and smart software as part of digitization and to simplify day-to-day work as a hotelier. They ensureincreased sales, reduced operating costs and optimized operating processes in hotel.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Renewable Energy startups

Established in 1996 as Norsk Vind AS, re-branded Valinor AS in 2019, the company is a family owned investment firm that holds controlling interest in Norsk Vind Energi AS, Norway's largest private wind company. The company re-invests 90% of its profits into clean tech and renewable energy companies worldwide. Its largest investments includeglobal leader in electricity infrastructure Zaptec, and solar energy developer Norsk Solar AS.

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Investment focus

  • Industry: Robotics, Software, Renewable Energy
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$2.4M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Aivero — The Easiest Path from Camera to Machine Learning. Aivero provides an intuitive platform for real-time video streaming across multiple cameras, enabling effortless data capture from both 2D and 3D sensors
  • Heaten — HeatBooster - Patented high-temperature heat pump technology reducing the reliance on fossil fuels by creating reusable energy.
  • Sensonomic — Sensonomic helps you improve your land-based decisions by building digital versions of your operations. Test the outcome of your decisions before implementation.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Norway Renewable Energy startups

Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 61
  • Round size: Seed $960k–$5.4M; Series A $2.9M–$21M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Berget AI — Berget AI is an AI platform that focuses on inference and agentic infrastructure, enabling businesses to deploy and expand open-source LLMs.
  • RedpineAI — RedpineAI provides a new data infrastructure for AI development. The platform gives companies building AI and autonomous agents access to high-quality, multi-modal, and domain-specific datasets.
  • Photoncycle — The year-round solar energy system for heating and electricity
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Renewable Energy startups

ProVenture invest in young digital technology startups in Norway. ProVenture have three seed funds and more than a billion NOK under management. ProVenture is a member of Norwegian Venture Association (NVCA).

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Investment focus

  • Industry: Software, Oil and Gas, Manufacturing
  • Stage:Seed, Series A
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 36
  • Round size: Seed $744k–$6.6M; Series A $4.9M–$5.6M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
  • Cimon Medical — Cimon Medical develops and manufactures novel Doppler ultrasound technology for healthcare and aim to become the market leader in continuous direct monitoring of blood-flow. The first product to be released in Q4 21 is NeoDoppler - non-invasive continuous monitoring of blood-flow in the brain of premature or critically ill infants.
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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Norway Renewable Energy startups

Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. It seeks to invest in Finland with a few investments made outside Finland as well. The firm targets investing between €0.5 million ($0.66million) and €1 million ($1.32 million). It seeks make inception to Series A investments. Lifeline Ventures Oy was founded in November 2009 and is based in Helsinki, Finland.

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 178
  • Round size: Seed $547k–$5.4M; Series A $2.7M–$20M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $171M in 2023

Portfolio highlights

  • ICEYE — Gain access to timely and reliable SAR imaging from the world's leading New Space SAR satellite constellation.
  • Carbo Culture — We are a project developer with proprietary climate technology. We are building a rapidly scalable biochar carbon removal solution.
  • Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Renewable Energy startups

Investing 2 - 6 MNOK in pre-seed and seed stage teams with a link to Norway

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Investment focus

  • Industry: Software, Analytics, Real Time
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 16
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $660k–$2M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Catchwise — Fyll kvota mer effektivt. Finn den riktige fisken, med mindre tid og diesel.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
  • Cardboard — Cardboard simplifies SaaS spend management with virtual cards, automated receipt collection, and AI receipt matching, all accessible through a live dashboard to control software costs.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 1 investments in Norway Renewable Energy startups

Shell Ventures invests in companies to speed up development and deployment of new technologies which complement our business.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Series A, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 155
  • Round size: Series A $6M–$30M; Series B $3M–$126M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Kespry — Firmatek provides end-to-end insights for heavy industry through expert field services, drone mapping, and software that turns data into confident decisions.
  • ElectronX — ElectronX is an electricity demand grows and the grid rapidly shifts to intermittent renewable energy sources.
  • Innowatts — Innowatts is a data analytics and energy transition leader who uses energy usage data, insights and best-in-class machine learning to help energy retailers and utilities from around the world manage their grids, profitability, customer relationships and sustainability goals in a digitalizing, decarbonizing, and electrifying world. To date, theInnowatts eUtility™ technology platform has leveraged data from more than 34 million meters to help energy providers ensure grid reliability, anticipate trends, secure profitability, and promote sustainability — advancing and creating a more personalized energy experience for their customers. For more information, please visit www.innowatts.com.
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MKS PAMP
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Norway Renewable Energy startups

MKS PAMP specializes in all aspects of the precious metals industry. It offers a full range of precious metals products for every segment of the market, with particular emphasis on investment, jewelry, and industrial applications. They provide global clients with the comprehensive service solutions available, from mining financing and refining tofabrication, physical and financial trading, as well as transport and storage options.

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Investment focus

  • Industry: Energy, Mining, Recycling
  • Stage:Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Seloxium — Seloxium is a University of Oxford spin-out company, which obtains high-purity metals from their wastewater and removes the toxic ones.
  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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Andreas Helbig
Angel · Berlin, Berlin, Germany · 1 investments in Norway Renewable Energy startups

Andreas is Investment Manager at Project A, a Berlin-based Venture Capital fund. In addition to financial investments out of the €140M fund, Project A provides operational support for its portfolio companies through more than 100 hands-on experts and is therefore called the “operational VC”. Andreas studied Industrial Engineering in Germany and theUS and has worked at an InsurTech startup prior to joining Project A. At Project A, he’s responsible for dealflow.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Denmark, Germany, Norway

Investor stats

  • Total investments: 8
  • Round size: Seed $3.5M–$15M; Series A $11M–$20M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Skyfri — The most advanced operating platform for solar assets - maximizing production and reducing cost.
  • Plato — Plato operates as a sales intelligence platform for wholesale.
  • All Gravy — Butter gives you happier employees, by reducing their financial stress and giving them an understanding of their salary and financial situation
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PT1
VC Fund · Berlin, Berlin, Germany · 1 investments in Norway Renewable Energy startups

PropTech1 Ventures - the leading independent venture capital fund focused on PropTech and ConstructionTech in Europe

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Investment focus

  • Industry: Software, Real Estate, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Switzerland

Investor stats

  • Total investments: 39
  • Round size: Seed $2.7M–$7.4M; Pre-Seed $1.1M–$1.4M; Series A $2.1M–$18M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $48M in 2022

Portfolio highlights

  • Gendo — Gendo is a browser based platform that provides beautiful CGI. It accelerates design image production 100x with AI and ML, eliminating technical hurdles for designers using innovative browser-based tools."
  • Installer — The only installation management platform yo'll ever need. Access a network of professional installer companies across categories.
  • Beagle Systems — Beagle Systems GmbH offers on-demand drone images. With our long-range drones we can offer services quickly with up to 75x higher resolution than commercially available satellite data.
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Acurio Ventures
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Norway Renewable Energy startups

Acurio Ventures partners with visionary founders to make history happen. Acurio Ventures is a European early-stage VC that invests across sectors and business models and that relies on its entrepreneurial DNA, flexible approach and proven value add to partner with the best founders out there.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Spain, United States, United Kingdom

Investor stats

  • Total investments: 108
  • Round size: Seed $1.2M–$6.8M; Series A $4M–$19M; Series B $10M–$50M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Lexroom.ai — Lexroom.ai allows lawyers to complete hours of legal research in seconds.Legal professionals spend up to 50% of their time in repetitive, low value-adding tasks. That’s why we’re building Lexroom.ai, a product that allows lawyers to complete hours of research in seconds, so they can focus on what really matters.Lexroom.ai perfectly integrateswith lawyers' daily workflow and enables them to speed up time-consuming legal research tasks while increasing output quality, so that they can focus more on value-adding activities.Lexroom.ai is building a bridge between advanced artificial intelligence technologies and legal professionals, through a product specifically tailored to their needs.
  • Crescenta — Invierte en fondos, hasta ahora, exclusivos. Tu oportunidad para evolucionar como inversor, Crescenta
  • Superwall — Superwall is a software company that specializes in paywall infrastructure for mobile applications.
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Futurum Capital
VC Fund · São Paulo, Sao Paulo, Brazil · 1 investments in Norway Renewable Energy startups

Futurum Capital presents a hands on model, operating from the initial stage of development of startups, going through the acceleration in the angel and seed stages to the A series. More than capital injection, as is the traditional model of venture capital, Futurum Capital is dedicated to operation and business development, offering a completeoperational structure of technology, growth, product design, business strategy, commercial agreements, financial intelligence, ecosystem of platforms and services, in addition to a shared space where entrepreneurs have access to a number of facilities - such as studios for content production, auditorium, among others.Let´s shape the Future!

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Investment focus

  • Industry: Art, Software, Analytics
  • Stage:Seed, Series A
  • Geography: Brazil, Norway, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $350k–$4M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Strm Music — AI-powered platform that boosts music careers. Smart distribution, promotion, and analytics for independent artists and labels.
  • OpenAI — Introducing Sora: Creating video from text
  • Installer — The only installation management platform yo'll ever need. Access a network of professional installer companies across categories.
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Hillhouse Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway Renewable Energy startups

Hillhouse Venture Capital is an investment institution established by Hillhouse Capital that focuses on investing in early-stage startups.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: China, Singapore, Norway

Investor stats

  • Total investments: 71
  • Round size: Seed $10M–$120M; Series A $10M–$85M; Series B $14M–$99M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • RoboticPlus.AI — RoboticPlus.AI is an robtics company that helps in architectural tech by providing intelligent robotic products for the construction sector.
  • Unbounded Dynamics — Unbounded Dynamics is a robotics and embodied intelligence startup focused on developing foundational AI “brains” and operational intelligence for robots and autonomous systems aimed at industrial and B-end scenarios. It works on the coordination of perception (“eyes”), manipulation (“hands”), and decision-making (“brain”) in physical robots bybuilding general basic models and expert system integrations as part of a hardware-software architecture to enable continuous iterative evolution of embodied intelligence.
  • HEMO BIOENGINEERING — HEMO BIOENGINEERING develops and provides innovative interventional medical devices to patients.
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Family Office
Angel · 1 investments in Norway Renewable Energy startups

Family Office

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Investment focus

  • Industry: Music, Energy, Sports
  • Stage:Pre-Seed, Seed
  • Geography: Canada, Norway, Germany

Investor stats

  • Total investments: 5
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • FanSaves — FanSaves is a digital platform that is revolutionizing the world of sponsorship and membership by giving fans a way to engage with and support brands that support their favourite sports teams, schools, events, membership organizations, media and more. The couponing and loyalty platform offers fans discounts, deals and promotions from sponsors andmembers while tracking important customer data and ROI for both businesses and the organization they are affiliated with.
  • Kitemill — Kitemill develops technology that will produce renewable energy in a safe and low-cost manner.Airborne wind energy is an almost unlimited source of energy that continuously blows high above the Earth’s surface.Airborne wind energy shows greater ability to change the global energy mix than other energy technologies. The financial cost for thesociety of implementing the technology is expected to be far less than it has been for solar and conventional wind power plants.
  • Wavv — Wavv delivers studio quality AI music, for brands, creators, and innovators
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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 1 investments in Norway Renewable Energy startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Norway, United States, Kenya

Investor stats

  • Total investments: 17
  • Round size: Seed $320k–$3.5M; Angel $300k–$933k; Pre-Seed $672k–$1.8M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Ciloo — The global brand management platform for local, on-demand production of branded products. Reduce costs, waste + shipping distances. Full brand control.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
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547 Energy
VC Fund · Houston, Texas, United States · 1 investments in Norway Renewable Energy startups

547 Energy invests in & partners with companies in cleantech, renewable power, energy efficiency, grid resilience & the digitalization of the energy sector.

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Investment focus

  • Industry: Renewable Energy, Solar, Energy
  • Stage:Seed, Private Equity
  • Geography: Norway, Ireland

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Aer Soleir — Aer Soleir develops, constructs, and operates a multi-gigawatt portfolio of onshore wind, solar and energy storage projects.
  • Glint Solar — Enabling developers to identify and analyze the best solar sites
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Aidiom
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Renewable Energy startups

Aidiom is an early stage deeptech investor providing seed and venture capital to applied AI enterprise software startups in Europe.

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Investment focus

  • Industry: Software, Industrial, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway, Czech Republic

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $590k–$1.1M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • PARTORY — PARTORY offers complete manufacturing solutions in engineering. PARTORY utilising AI and machine learning to streamline the procurement process for low-cost metal parts
  • Intelecy — Turn your data into valuable insight for process optimization and achieve sustainable production. By using Intelecy, you can build your own powerful no-code machine learning models in minutes without a single line of code!
  • Aevy — Turn your renewable asset documents into profitable decisions
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Smedvig Ventures
VC Fund · London, England, United Kingdom · 1 investments in Norway Renewable Energy startups

Venture Capital firm based in London. We help enable business funding though capital investment. In turn, that funds and drives business growth as exceptional speed. Visit our site to find out how our proven model of business investment can help your start up.

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Investment focus

  • Industry: Software, SaaS, Advertising
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, Sweden, Norway

Investor stats

  • Total investments: 80
  • Round size: Series A $2M–$17M; Series B $1.8M–$30M; Series C $1.5M–$21M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Chatlyn — Automated, AI-enhancend guest engagement, where your clients are most comfortable.
  • Embankment — Dedicated to AIFs. Driven by technology, delivered by domain experts
  • MarketLeap — Breaking E-commerce Barriers with Software. MarketLeap is managing all the complexities of selling and growing on marketplaces worldwide.
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Unpopular Ventures
VC Fund · San Francisco, California, United States · 1 investments in Norway Renewable Energy startups

The best companies, off the beaten path.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 251
  • Round size: Seed $500k–$9M; Pre-Seed $500k–$2.5M; Series A $6.8M–$69M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • 222 — this must be the place.
  • DRUO — DRUO provides online payment gateway for businesses.
  • ContentRadar — Create & repurpose content with AI for LinkedIn & X in one click. Sign up for free!
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Golar LNG Partners
VC Fund · Hamilton, Hamilton, Bermuda · 1 investments in Norway Renewable Energy startups

Golar LNG Partners owns floating storage and regasification units and liquefied natural gas carriers. Golar LNG Partners are a growth-oriented limited partnership formed by Golar LNG Limited (NasdaqGS: GLNG; OSE: GOL) to own and operate floating storage and regasification units (or FSRUs) and LNG carriers under long-term charters, which they defineas charters of five years or more. They intend to leverage the relationships, expertise, and reputation of Golar, a leading independent owner, and operator of FSRUs and LNG carriers, to pursue growth opportunities in these areas. While they intend to operate their assets under long-term charters with stable cash flows, Golar intends to focus primarily on FSRU and LNG project development, LNG trading and LNG transportation, storage, and regasification activities with contract terms and associated cash flows that are more short-term and/or variable in nature.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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We Are Human
VC Fund · London, England, United Kingdom · 1 investments in Norway Renewable Energy startups

We Are Human strategise, design and build products and services that add value to people's lives through fulfilling a need or satisfying a desire. We Are Human is a platform to invest in great ideas and make them happen. By co-creating innovative new businesses, we can have impact in areas where they have a strong passion and desire toinfluence, improving their knowledge and skillset along the way. Through insights, future vision and human-centric design. We Are Human empower people, create change and instigate shared experiences that deliver tangible results.

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Investment focus

  • Industry: SaaS, Mobile, Software
  • Stage:Seed, Angel, Convertible Note
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Skyfri — The most advanced operating platform for solar assets - maximizing production and reducing cost.
  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • Fauna — When you need something, choose a green option. Through Fauna you will get bonus points for environmentally friendly purchases.
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New Age Ventures
VC Fund · New York, New York, United States · 1 investments in Norway Renewable Energy startups

New Age Ventures

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Investment focus

  • Industry: Health Care, Medical, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Israel, Norway

Investor stats

  • Total investments: 20
  • Round size: Seed $350k–$2.6M; Pre-Seed $50k–$100k; Series A $7.7M–$10M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Goodhood — Nikmati resep makanan enak dan praktis di ASIA128. Temani waktu chill sambil nge-game dengan camilan lezat yang mudah dibuat di rumah
  • FEMSelect — More than half of women over 50 are living with Pelvic Organ Prolapse. Learn about EnPlace, the minimally invasive approach to Pelvic Organ Prolapse.
  • Koios Medical — We put the AI in ultrasound.
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Standard Lithium
VC Fund · Vancouver, British Columbia, Canada · 1 investments in Norway Renewable Energy startups

Standard Lithium is a leading near-commercial lithium company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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Brighteye Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Norway Renewable Energy startups

Brighteye Ventures is the first and largest vertical EdTech Venture Capital firm in Europe. If you are an entrepreneur using technology to reinvent learning and education, we want to hear from you!

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Investment focus

  • Industry: Education, Software, E-Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, France, Spain

Investor stats

  • Total investments: 55
  • Round size: Seed $1.6M–$6.6M; Pre-Seed $549k–$1.6M; Series A $3.8M–$20M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $111M in 2020

Portfolio highlights

  • Gyver — Recruiting platform for skilled blue collars
  • Shakers — We are Shakers and we are redefining the future of work. We connect companies and talent with a perfect match between personal and professional life through technology and methodology. We want to achieve a lifestyle in which work is synonymous with happiness so that you can work where, how and when you want. And thus be more productive and havebetter results in the projects in which you collaborate. Sounds good to you? You already have DNA Shakers, follow us !!
  • Wikifarmer — A free online knowledge library where professional or amateur farmers can find best practices on growing their fields more effectively and an online marketplace where farmers can sell their products to buyers directly. Our vision is to create a fair, transparent and profitable environment for all the farming world. Farmers are dedicating theirlives in cultivating their fields, but get the lowest value of all the sales cycle, so we believe they need to receive a more fair share. Buyers have the right to have more options and buy at better prices, so we want to be the ones to solve this inequality in both sides.
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EMOS
VC Fund · Silava, Preilu, Latvia · 1 investments in Norway Renewable Energy startups

The EMOS company portfolio holds more than 1 300 active product items which are ready for immediate use. This product portfolio is divided into product groups lead by specialists who will help to ensure clarity in all aspects of technical support and purchase

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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KLP Liv
VC Fund · 1 investments in Norway Renewable Energy startups

KLP Liv

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Renewable Energy startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

  • Industry: Real Estate, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
  • Plaace — Proptech company creating vibrant streets and cities by helping property owners choose and connect with the right concepts, at the right place, using the right data.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
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Grieg Kapital
VC Fund · Bergen, Hordaland, Norway · 1 investments in Norway Renewable Energy startups

Grieg Kapital is an investment company creating sustainable businesses. Do you have an investment opportunity for us that fits our strategy?

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Investment focus

  • Industry: Software, SaaS, Robotics
  • Stage:Venture - Series Unknown, Seed
  • Geography: Norway

Investor stats

  • Total investments: 6
  • Round size: Venture - Series Unknown $4.2M–$10M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Zeabuz — Zeabuz develop small electric urban vessels and waterborne autonomy
  • BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
  • GT Wings
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Akershus Energi
VC Fund · Rånåsfoss, Akershus, Norway · 1 investments in Norway Renewable Energy startups

Akershus Energi is a power company producing hydroelectric power and electrical equipment. The company also focuses on efficient and renewable energy production, active power trading and profitable investments, development of hydropower, wind power and district heating, and data center and infrastructure. It sells the power generated and trades inthe financial market, as well as distributes hot water for heating and hot tap water purposes.Akershus Energi was established in 1922 and is based in Rånåsfoss, Norway.

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Investment focus

  • Industry: Solar, Energy, CleanTech
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
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Export Development Canada
VC Fund · Ottawa, Ontario, Canada · 1 investments in Norway Renewable Energy startups, 11 in the past 12 months

Export Development Canada (EDC) is a Crown corporation dedicated to assisting Canadian businesses of all sizes in achieving global success. It provides them with the tools they need to grow their business with confidence, including trade knowledge, financial solutions, equity, insurance, and connections.

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Investment focus

  • Industry: Software, Manufacturing, Renewable Energy
  • Stage:Series B, Series A
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 200
  • Round size: Series A $3.5M–$22M; Series B $5M–$50M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • SK ecoplant — SK ekoplant is a top-tiered global city developer and infrastructure builder. SK ekoplant is one of the leading subsidiaries of SK group.SK ekoplant is one of the world’s best companies in the engineering industry, undertaking plants on EPCC basis (Engineering, Procurement, Construction and Commissioning) in the fields of Refineries,Petrochemicals, Fertilizer, Industrial Plants and Environmental Plants, Plants to wireless mobile communication equipment worldwide. As a major player in high-tech engineering market of the 21st century, SK ekoplant is committed to becoming the top-tier company by acquiring the drive for the future growth through the expansion of overseas markets and the launching of new products and by successful establishing the developed enterprise structure through improvement of internal system and process as well as performance assessment system.SK ekoplant is currently carrying out huge projects in U.S, Saudi Arabia, China, Thailand, Vietnam, India, Ecuador, Qatar, Algeria, Venezuela and CIS. This outstanding achievement is the culmination of SK ekoplant's extensive project experience, superior technology, and talents.
  • Photonic — We are building a new world through scalable, fault-tolerant quantum technologies.
  • Troilus Gold — Troilus Gold is a Canadian based development stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine, located within the Frotêt-Evans Greenstone Belt in Quebec.
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NATO Innovation Fund
VC Fund · 1 investments in Norway Renewable Energy startups

The NATO Innovation Fund (NIF) was created to supercharge the Alliance’s unique innovation ecosystems. Allied talent and research in Science, Technology, Engineering, and Mathematics (STEM) are world-leading, but the market to support deep tech innovation is underfunded. With the NIF, the fund is creating a commercialization machine in both theprivate and public sectors, backing innovators to secure the future for the Alliance's 1 billion citizens.

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Investment focus

  • Industry: Manufacturing, Robotics, Aerospace
  • Stage:Seed, Series A
  • Geography: United Kingdom, Germany, Norway

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • TEKEVER — The Tekever Group is a provider of innovative technologies in Software, Aerospace, Defence and Security Markets.
  • STARK — STARK is a technology-driven defence company with the mission to deliver the systems that Europe and NATO need now.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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Johan Brand
Angel · Oslo, Oslo, Norway · 1 investments in Norway Renewable Energy startups

Johan is co-founder of Kahoot!, an educational gaming platform with millions of users world wide. Johan has over a decade's experience merging creativity, innovation and technology. Johan's work has included high profile projects for brands including Mercedes, BBC, HP, and Unilever, as well as startups in London and abroad. In 2010 heset up what has become We Are Human, a lean co-creative company, with global impact. In addition to working with some of the world's most recognised brands, We Are Human also incubates and develops its own IP, including the innovative EdTech platform Kahoot! Johan is regular facilitator, speaker and lecturer at universities and events. These include SXSW, OECD, Design Week, UCL and UiO. Johan is a Fellow of the Royal Society of Arts (RSA).

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Investment focus

  • Industry: Software, EdTech, CleanTech
  • Stage:Seed, Series A
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $1.4M–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Strise — Strise is signaling a new era of enterprise software and organizational change, transforming how companies work and empowering individual growth through knowledge. We believe in the AI-enabled financial institution without data silos where users and data are working together to solve even the most complex business problems.
  • Ludenso — Ludenso is a software developer of AR solutions for the education industry. To make education more creative and engaging, we are giving editors, authors, and teachers the power to bring their learning resources to life through 3D models, animations, videos, and audio support. This is made possible through the Ludenso Studio, where they can createinclusive learning experiences that enables students to learn in their own way.
  • Perlego — Perlego is an online library subscription service for textbooks and non-fiction titles. Having partnered with over 3,000 of the world's best publishers, it gives its users unlimited access to over 650,000 eBooks and publications via an affordable monthly subscription. It aims to make learning accessible to all. It was founded in 2016 and isheadquartered in London, England.
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Global Ship Lease
VC Fund · New York, New York, United States · 1 investments in Norway Renewable Energy startups

The Investor Relations website contains information about Global Ship Lease's business for stockholders, potential investors, and financial analysts.

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Investment focus

  • Industry: Energy, Industrial, Renewable Energy
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aqualung Carbon Capture — Enabling clean carbon capture for the wider market
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Renewable Energy startups

Nysnø is a governmental climate investment fund investing in companies that solve climate challenges. The investment fund is set up as a commercial company that invests in technologies that contribute to reducing greenhouse gas emissions. It was established in 2017 in Stavanger, Rogalan by the Norwegian Ministry of Trade and Industry.

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Investment focus

  • Industry: Renewable Energy, Robotics, Software
  • Stage:Series A, Series B
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Series A $5M–$23M; Series B $5.5M–$44M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Ofiniti — Ofiniti is a platform designed for businesses to streamline operations through digital maritime fuel distribution. Ofiniti's platform offers solutions that bridge the digital gap between fuel suppliers and consumers, improving the efficiency of marine fuel bunkering operations. Ofiniti works to enhance operational performance within themaritime sector by integrating technology into traditional industries.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Dimensions Agri Technology — DAT is a Norwegian AgTech company offering a solution for real time patch spraying, using AI to recognize weeds in cereal fields.
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Futurum Ventures
VC Fund · 1 investments in Norway Renewable Energy startups

Futurum Ventures is a venture capital firm.

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Investment focus

  • Industry: Payments, Employee Benefits
  • Stage:Series A
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Glint Solar — Enabling developers to identify and analyze the best solar sites
  • Optio Incentives — Optio helps businesses incentivize employees, manage equity, stay compliant, and report costs with our software and advisory
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Unruly Capital
VC Fund · Italy, Texas, United States · 1 investments in Norway Renewable Energy startups

Investing in the crazy before it becomes normal

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Investment focus

  • Industry: Biotechnology, CleanTech, Clean Energy
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 51
  • Round size: Seed $1.3M–$9.2M; Pre-Seed $548k–$2.6M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • 4QT — Cleantech, Construction, Electrification
  • AtmoCooling — AtmoCooling transforms coastal deserts into thriving hubs of agriculture, clean energy, and climate resilience. It was founded in 2022 and operates in the USA and UAE.
  • Applied Atomics, Inc. — Co-located nuclear power plants to unlock the next 1,000 years of advanced industry.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Renewable Energy startups

Venture capital firm focused on tech startups.

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Investment focus

  • Industry: Software, Energy, Renewable Energy
  • Stage:Seed, Pre-Seed
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $740k–$7.7M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Evyon — Eyvon is an electrical company that provides EV battery solutions to accelerate into a fully renewable future for everyone. The company's proprietary hardware and Battery Cloud ecosystem enable the conversion of EV batteries into high-quality, affordable, and plug-and-play battery energy storage systems.Eyvon's mission is to convertbattery waste into high-quality battery systems by repurposing discarded EV batteries. By leveraging a standardized and data-driven value chain, their ambition is to provide solutions at less than half the price of new ones.It was founded in 2020 and is based in Oslo, Norway.
  • Cubit — No more old-school and time consuming applications made in the 90s. Welcome to the new generation of professional software, as user-friendly and smooth as your smartphone.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 1 investments in Norway Renewable Energy startups

RunwayFBU connects founders, industry, and capital to turn hard industrial problems into scalable companies.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Norway, Italy, Sweden

Investor stats

  • Total investments: 24
  • Round size: Seed $971k–$6.2M; Pre-Seed $551k–$2M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • Fortifai — Increase efficiency and oversight on Environmental, Social, & Governance (ESG) topics - reduce implementation costs by up to 80%, and get set up in 30-60 days.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • Phantasma Labs — That Unlocks Hidden Capacity, Boosts EBITDA, and Delivers ROI in 6 Months
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Agder Energi Venture
VC Fund · Kristiansand, Vest-Agder, Norway · 1 investments in Norway Renewable Energy startups

Agder Energi Venture AS is the venture capital arm of Agder Energi AS specializing in seed, early, mid and late venture investments. The firm prefers to invest in companies operating in the energy sector based in Norway but will also consider making investments in international companies. Agder Energi AS was founded in 2007 and is based inKristiansand, Norway.

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Investment focus

  • Industry: Solar, Energy, Battery
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Otovo — To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, ourteam consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup.We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
  • Morrow Batteries — To solve the climate crisis, we need to accelerate the green energy transition. Morrow Batteries are building a giga-scale battery cell factory in the South of Norway. We will develop and industrialize new and innovative battery technology.
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AVG Group
VC Fund · Lenzingerberg, Bayern, Germany · 1 investments in Norway Renewable Energy startups

Welcome to Greenlight Group - where renewable energy meets green investing solutions. Renewable Energy Solutions, green investing, wind energy,solar energy

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Investment focus

  • Industry: Electronics, Manufacturing, Semiconductor
  • Stage:Seed
  • Geography: Norway

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • TGN Energy — Shaping the energy distribution of the future. What We Do We are the natural partner for industrial buildings and developers seeking energy optimized projects. The global production of electricity is becoming more and more sustainable. At TGN we offer innovative and agile energy management systems for commercial real estate, letting
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EV Private Equity
VC Fund · Stavanger, Rogaland, Norway · 1 investments in Norway Renewable Energy startups

Committed to building world-class companies.

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Investment focus

  • Industry: Oil and Gas, Energy, Software
  • Stage:Pre-Seed, Series A
  • Geography: United States, United Kingdom, Norway

Investor stats

  • Total investments: 33
  • Round size: Pre-Seed $450k–$700k; Series A $1.3M–$8.5M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Autobon AI — Autobon is pioneering DeliveryOS - a fully automated freight shipping platform for those who ship, manage, or transport high-value products. Autobon (Techstars ’18) is empowering America's truck drivers and fleets to participate in the autonomous future. They focus on upgrading (and leveraging) as many existing semi-trucks into safer, smarter,and more automated vehicles through our low-cost autopilot platform that enables self-driving and advanced logistics features.
  • Noova — Noova helps customers monitor consumption patterns, both day and night, in order to uncover illogical consumption or areas where it is possible to use energy smarter.
  • SecondKeys — SecondKeys offers a user-friendly online property management platform that redefines property maintenance and management. Sign up today for a free demo.
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Renewable Energy Investor funding in Norway at a glance

Stats across 98 deals from 138 investors.

138
investors
in Norway Renewable Energy startups
98
deals
in Norway Renewable Energy startups
$6.6M
median round
in Norway Renewable Energy startups
46%
lead investors
lead at least one round
14%
Seed
most common funding stage
88/12
VC / Angel
share of investor count

Access all 138 investors in Norway Renewable Energy startups.

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