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Top 15 Retail Startup Investors in Norway (August 2026)

The most active venture capital funds and angel investors investing in Norway Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Retail startup companies. Find investors to raise a Seed, Series A or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Idekapital
VC Fund
3 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $168k–$90M
Christine Baker
Angel
1 Norway Angel Retail, Grocery, E-Commerce
Innovation Norway
VC Fund
1 Norway, Romania, Sweden Grant, Seed Software, Information Technology, SaaS $47k–$3.6M
Adam Scheuring
Angel
1 Seed
Antler
VC Fund
1 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Northern Braes Holding AS
VC Fund
1 Norway Angel Retail, Grocery, E-Commerce
JC Sandalwood INVEST
VC Fund
1 Norway Angel Retail, Grocery, E-Commerce
Miguel Angel Serrano Mateos
Angel
1 Norway Angel Retail, Grocery, E-Commerce
Calvin Ayre
Angel
1 United States, United Kingdom, Canada Seed, Venture - Series Unknown Blockchain, Information Technology, Bitcoin $363k–$4.4M
Persimmon Hill
VC Fund
1 Norway, United States Seed iOS, Gaming, Retail
Unbounded Capital
VC Fund
1 United States, China, Japan Series A, Seed, Pre-Seed Software, FinTech, Financial Services $10k–$14M
Murshid M. Ali
Angel
1 Norway, Sweden, Denmark Pre-Seed, Seed, Series A Financial Services, SaaS, Solar $300k–$1.5M
Ferd
VC Fund
1 Norway, Sweden, United States Private Equity, Series A Software, Energy, Information Technology $2.2M–$14M
Folkeinvest
VC Fund
1 Norway, Sweden Equity Crowdfunding, Seed, Pre-Seed Manufacturing, Food and Beverage, Information Technology $101k–$2.7M
Dolphin Consultants
VC Fund
1 Norway Angel Retail, Grocery, E-Commerce
Access all 22 investors in Norway Retail startups.

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

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Investor list

Idekapital
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Retail startups

We manage two investment funds with more than 1 bn NOK under management. We invest in high-growth software and technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $168k–$4.4M; Series A $2.7M–$16M; Venture - Series Unknown $4M–$90M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Völur — Ensuring optimal use of every single animal through cutting and processing.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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Christine Baker
Angel · 1 investments in Norway Retail startups

Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Retail startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Grant, Seed
  • Geography: Norway, Romania, Sweden

Investor stats

  • Total investments: 83
  • Round size: Seed $118k–$3.6M; Grant $47k–$1.7M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Munibee — Norwegian Fintech startup making managing your economy easy and available for everyone. Visit https://t.co/U4Xk5ULx0F to see more.
  • 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.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Adam Scheuring
Angel · Oslo, Oslo, Norway · 1 investments in Norway Retail startups

Adam Scheuring

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Investment focus

  • Stage:Seed

Investor stats

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

Portfolio highlights

  • Slowly.no — Slowly.no is an online retailer app that sells coffee, dry goods, bakery, and household products for monthly delivery and return services.
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Norway Retail 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: 2214
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Northern Braes Holding AS
VC Fund · Oslo, Oslo, Norway · 1 investments in Norway Retail startups

Holding

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
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JC Sandalwood INVEST
VC Fund · Hamburg, Hamburg, Germany · 1 investments in Norway Retail startups

JC Sandalwood INVEST is an investment firm that specializes on impact investments. JC Sandalwood INVEST provides online presentations at random intervals for sales partners, customers, and interested parties.

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
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Miguel Angel Serrano Mateos
Angel · Madrid, Madrid, Spain · 1 investments in Norway Retail startups

Miguel Angel Serrano Mateos

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
Show all investments...

Calvin Ayre
Angel · 1 investments in Norway Retail startups

Calvin Ayre (born May 25, 1961, in Lloydminster, Saskatchewan, Canada) is the founder of the Bodog online gaming and entertainment brand, which he developed and launched in 1994.Ayre received a Bachelor of Sciences (BSc) in General Sciences from the University of Waterloo in 1984. In 1989, Ayre earned an MBA in Management Finance from CityUniversity of Seattle.

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Investment focus

  • Industry: Blockchain, Information Technology, Bitcoin
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 30
  • Round size: Seed $363k–$4.4M; Venture - Series Unknown $1.5M–$3M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Mijem — Mijem is the buy sell marketplace app to tap into your campus community. Save money. Earn cash. Connect with students. Download the free app.
  • FYX Gaming — Web3 development platform & scaling solutions on the blockchain, proud creator of CryptoFights.
  • Transmira — Augmented and Virtual Reality Solutions
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Persimmon Hill
VC Fund · 1 investments in Norway Retail startups

Persimmon Hill

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Investment focus

  • Industry: iOS, Gaming, Retail
  • Stage:Seed
  • Geography: Norway, United States

Investor stats

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

Portfolio highlights

  • UNISOT™ — UNISOT™ is a Norwegian B2B Supply Chain Sustainability PaaS, enabling global supply chain actors to be more sustainable as well as enabling them to prove it to their customers and consumers. With our 360° Supply Chain connectivity we also enable our customers to produce verifiable ESG/Sustainability reporting as well as verifiable End-to-EndScope 3 (GHG) reporting.Our main focus is to provide solutions to all actors of global supply chains to be more sustainable by being more efficient as well as provide tools that enable them to Prove their product Quality, Provenance and Sustainability; all functions that are becoming mandatory with the new regulations like UN/EU Supply Chain Traceability laws, EU Taxonomy for Sustainability and EPA Scope 1,2,3 https://unisot.com/esg.
  • FYX Gaming — Web3 development platform & scaling solutions on the blockchain, proud creator of CryptoFights.
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Access 48,091 investors

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

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Unbounded Capital
VC Fund · Austin, Texas, United States · 1 investments in Norway Retail startups

Unbounded Capital is a blockchain investment firm built by technical founders that understand the entrepreneurial journey; former poker pros that know how to analyze risk; and investors that understand that early-stage investing is not a passive activity.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series A, Seed, Pre-Seed
  • Geography: United States, China, Japan

Investor stats

  • Total investments: 19
  • Round size: Seed $10k–$1.1M; Pre-Seed $336k–$1.1M; Series A $10k–$14M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $2.7M in 2023

Portfolio highlights

  • RF Labs — Track analytics, automate live streams, improve business operations. RF Poker is reinventing the way live poker is played and experienced.
  • Reactiv — Reactiv is an AI-powered mobile app platform to help you sell more and increase retention, without the headache of managing another channel
  • Cork Protocol — Cork's new DeFi primitive, Depeg Swaps allows investors to hedge and trade the risk of their pegged asset (LST/LRTs, Stablecoins, RWAs).
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Murshid M. Ali
Angel · London, England, United Kingdom · 1 investments in Norway Retail startups

Dr. Murshid M. Ali an award-winning technology entrepreneur and investor. He holds a Phd in Economics from the University of Stavanger, and a masters degree in International Business from Grenoble Ecole de Management. He is the former Founder CEO of Huddlestock (OSE:HUDL), and co-founder of climate technology companies Norsk Solar (OSE:NSOL), andventure-backed Skyfri Group.

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Investment focus

  • Industry: Financial Services, SaaS, Solar
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 12
  • Round size: Seed $600k–$1.1M; Pre-Seed $300k–$1.5M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Monetor — Reducing corporate currency risk and protecting the bottom line
  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
  • Huddlestock — Huddlestock is an award-winning Fintech company listed on the Oslo Stock Exchange (OSE:HUDL), and regulated as a financial services firm by BaFIN through its fully-owned German subsidiary Huddlestock Systems GmbH. The company has offices in Copenhagen, Oslo, Stockholm, Munich, Stavanger and Kuala Lumpur. Huddlestock has more than thirty employees,and provides cutting edge technology and products to the financial industry, with large industrial clients like BNP Paribas, Baader Bank, AVL Group and more. In 2021 Huddlestock will launch a B2C platform in Malaysia in collaboration with MHX Group, under its own brand. The company is a spin-off from the University of Stavanger, one of the largest Universities in Norway.
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Ferd
VC Fund · Lysaker, Akershus, Norway · 1 investments in Norway Retail startups

Ferd er et familieeid investeringsselskap som er eid av femte og sjette generasjon Andresen.

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Investment focus

  • Industry: Software, Energy, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 59
  • Round size: Series A $2.2M–$13M; Private Equity $13M–$14M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2005

Portfolio highlights

  • wheel.me — The first and only autonomous wheel in the world. The innovation transforms anything into an autonomous mobile robot with minimal effort and without the need to alter its design or form. The company was founded in 2013 and is headquartered in Oslo, Norway.
  • Nofence — Manage your livestock from anywhere with GPS collars and a simple app. Unlock more acres, cut fencing costs, and run your operation on your terms.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
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Folkeinvest
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Norway Retail startups

Folkeinvest AS er et digitalt verdipapirforetak som tilrettelegger for investering i oppstartsselskap.

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Investment focus

  • Industry: Manufacturing, Food and Beverage, Information Technology
  • Stage:Equity Crowdfunding, Seed, Pre-Seed
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 14
  • Round size: Seed $410k–$720k; Equity Crowdfunding $101k–$2.7M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Auk — Auk creates a fully-automatic system that makes it easier to grow vegetables, salads and herbs at your own kitchen
  • AutoAgri — AutoAgri is devoted to the development and manufacturing of autonomous implement carriers. These vehicles are designed with agricultural use in mind, but only imagination limits possible applications.
  • Stack by.me — Stack by.me provides short video courses, and customers become part of a large community where they can follow friends, family, and an extended network. They also provide mutual funds and ETFs.
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Dolphin Consultants
VC Fund · Mumbai, Maharashtra, India · 1 investments in Norway Retail startups

Dolphin Consultants offers services such as marine, offshore, defence, and ship repair.

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Investment focus

  • Industry: Retail, Grocery, E-Commerce
  • Stage:Angel
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • ACT Cooperative Corporation AS — ACT is a mobile marketplace of marketplaces and a user-driver data-gathering tool. Consumers use user-collected data to make free and informed decisions when buying sustainable products — e.g. it helps them choose tomato A over tomato B because it was produced in a way that emitted less CO2.We believe that the biggest challenge we face today isfinding ways to collaborate at a massive scale. ACT provides a hands-on collaborative platform for gathering data and shifting large amounts of money to sustainable products without having to wait for old-fashioned systems to fall in place, e.g. wait for retailers or producers to integrate.
Show all investments...

Retail Investor funding in Norway at a glance

Stats across 24 deals from 22 investors.

22
investors
in Norway Retail startups
24
deals
in Norway Retail startups
$660k
median round
in Norway Retail startups
32%
lead investors
lead at least one round
38%
Private Equity
most common funding stage
77/23
VC / Angel
share of investor count

Access all 22 investors in Norway Retail startups.

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