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Top 50 SaaS Startup Investors in Norway (June 2026)

The most active venture capital funds and angel investors investing in Norway SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway SaaS startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Skyfall Ventures
VC Fund
28 Norway, Denmark, United States Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $336k–$5.5M
Antler
VC Fund
25 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $104k–$29M
Investinor
VC Fund
25 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
Alliance VC
VC Fund
23 Norway, United States, Sweden Seed, Series A Software, Information Technology, Analytics $1.3M–$24M
ProVenture
VC Fund
16 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$6.6M
Innovation Norway
VC Fund
16 Norway, Romania, Sweden Grant, Seed Software, Information Technology, SaaS $42k–$3.6M
Idekapital
VC Fund
16 Norway, United Kingdom Series A, Seed Software, SaaS, Information Technology $168k–$15M
Arkwright X
VC Fund
15 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
Northzone
VC Fund
13 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$95M
RunwayFBU
VC Fund
13 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $551k–$6.2M
SNÖ Ventures
VC Fund
13 Norway, United States, Sweden Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $1M–$59M
MP Pensjon
VC Fund
11 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Ferd
VC Fund
10 Norway, Sweden, United States Private Equity, Series A Software, Energy, Information Technology $2.2M–$14M
Sondo Capital
VC Fund
10 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $660k–$16M
Wiski Capital
VC Fund
8 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$7.7M
Creandum
VC Fund
7 Sweden, Germany, United States Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.8M–$80M
Skagerak Maturo
VC Fund
7 Norway Seed, Series A Software, SaaS, Information Technology $961k–$7.5M
DNB
VC Fund
7 Norway, Sweden, United States Post-IPO Debt, Debt Financing Renewable Energy, Energy, Solar $89M–$1.2B
Trond Riiber Knudsen
Angel
6 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, Information Technology, SaaS $300k–$3.5M
Nysnø
VC Fund
6 Norway, United Kingdom Series A, Series B Renewable Energy, Robotics, Software $5M–$44M
Maki.vc
VC Fund
5 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $900k–$37M
Construct Venture
VC Fund
5 Norway, Spain Seed, Series A Software, Information Services, Information Technology $2.2M–$25M
OBOS Forsikring
VC Fund
5 Norway Seed, Series A Real Estate, Information Technology, Software $766k–$3.7M
Momentum
VC Fund
5 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $1.6M–$18M
SINTEF Venture AS
VC Fund
5 Norway, United States, United Kingdom Seed, Pre-Seed Software, Manufacturing, Energy $160k–$5.1M
Viking Venture
VC Fund
5 Norway, United States, United Kingdom Series A, Series B Software, Oil and Gas, Energy $1.4M–$11M
Link Venture Capital
VC Fund
5 Norway, United Kingdom, The Netherlands Pre-Seed, Seed Software, Renewable Energy, Marine Technology $400k–$4.4M
Norselab
VC Fund
5 Norway, Switzerland, United States Seed, Series A Software, SaaS, Agriculture $500k–$14M
TeleVenture Management
VC Fund
5 Norway, United States Seed, Series A Software, Manufacturing, Biotechnology
Christian Rokseth
Angel
4 Norway Seed, Pre-Seed Software, Electronics, Machine Learning $1.2M–$3.7M
Statkraft Ventures
VC Fund
4 Norway, France, Germany Series B, Series A Renewable Energy, Energy, Big Data $3.2M–$115M
Chris Murphy
Angel
4 United States, Germany, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $1.7M–$35M
Speedinvest
VC Fund
4 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $549k–$38M
Valinor AS
VC Fund
4 Norway, United Kingdom Seed, Series A Renewable Energy, Robotics, Software
Digital Currency Group
VC Fund
4 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, FinTech $650k–$48M
Point Nine
VC Fund
4 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$53M
Johan Brand
Angel
4 Norway, United States, United Kingdom Seed, Series A Software, EdTech, CleanTech $1.4M–$3.5M
Anne Worsoe
Angel
4 Norway, United States, Denmark Pre-Seed, Angel Software, Machine Learning, Financial Services $672k–$1.1M
Stratel
VC Fund
4 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Blue Bear Capital
VC Fund
3 United States, Germany, The Netherlands Series A, Seed Software, Information Technology, Artificial Intelligence $1.5M–$18M
Schibsted Growth
VC Fund
3 Sweden, Norway, France Seed, Series A Internet, Financial Services, E-Commerce
Sean Percival
Angel
3 United States, Norway, Estonia Seed, Pre-Seed, Equity Crowdfunding Software, E-Commerce, Manufacturing
MP Pension
VC Fund
3 Norway Seed, Series A Information Technology, Software, Apps
Dawn Capital
VC Fund
3 United Kingdom, United States, Denmark Series A, Series B, Series C Software, SaaS, Information Technology
Saudi Aramco Energy Ventures
VC Fund
3 United States, Norway, United Kingdom Series B, Series C Energy, Oil and Gas, Software
Loyal VC
VC Fund
3 United States, Canada, United Kingdom Pre-Seed, Seed Artificial Intelligence, Software, E-Commerce
Voyagers
VC Fund
3 Germany, United Kingdom, The Netherlands Seed, Pre-Seed, Convertible Note Manufacturing, Renewable Energy, Biotechnology
Acequia Capital (AceCap)
VC Fund
3 United States, United Kingdom, Germany Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence
Verdane
VC Fund
3 Sweden, Norway, Germany Private Equity, Series A E-Commerce, Software, Information Technology
Kistefos Venture Capital
VC Fund
3 Norway, Singapore, Sweden Seed, Series A Software, FinTech, Financial Services
Access all 711 investors in Norway SaaS startups.

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

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Investor list

Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 28 investments in Norway SaaS startups

We are an early stage venture capital firm based in Oslo, Norway.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 61
  • Round size: Seed $1.2M–$5.5M; Pre-Seed $336k–$3.3M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • SportAI — SportAI is a B2B sports technology firm that is spearheading the revolution in sports technique coaching, commentary, and analysis using advanced AI and machine learning. The company aims to boost sports performance and make high-quality sports data more accessible. SportAI's SaaS platform, powered by Computer Vision and Machine Learning,delivers unbiased sports technique analysis and AI-generated sports data to different sectors in the sports industry. This technology can seamlessly integrate into broadcasting, training apps, simulators, sporting equipment brands, and product recommendation websites, offering significant benefits to the global sports industry.
  • CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
  • Outshifter — Outshifter is the API for product data access. Give or get access to product data, and manage it all in one universal format.
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Antler
VC Fund · Singapore, Central Region, Singapore · 25 investments in Norway SaaS 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: 1206
  • Round size: Seed $196k–$5.8M; Pre-Seed $104k–$1.1M; Series A $4.6M–$29M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Qeeper — On-demand property maintenance across London, Edinburgh and Brighton
  • Twisty — Use our character engine to make your message come alive
  • EnterMeme — meme.market is where you coin the best meme
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 25 investments in Norway SaaS startups

Investinor invests in Norwegian based, high potential companies that are internationally oriented and in the phases ranging from early growth to expansion. The company has BNOK 4.2 ($500 m) under management and focus on companies within the internet, software, semiconductors, energy, cleantech, marine and life sciences sectors.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 118
  • Round size: Seed $400k–$3.3M; Series A $2M–$25M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2011

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 23 investments in Norway SaaS startups

Alliance Venture is a Nordic venture capital firm investing in exceptional early-stage tech companies and purpose-driven founders with global ambitions. Offices in Oslo, Stockholm, Copenhagen and Helsinki.

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Investment focus

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

Investor stats

  • Total investments: 80
  • Round size: Seed $1.3M–$5M; Series A $1.8M–$24M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Endform
  • Newcode.ai
  • Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 16 investments in Norway SaaS 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, Information Technology
  • Stage:Seed, Series A
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 37
  • Round size: Seed $744k–$6.6M; Series A $4.9M–$5.6M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 16 investments in Norway SaaS 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: 75
  • Round size: Seed $118k–$3.6M; Grant $42k–$1.7M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Munibee — Munibee is a financial management platform designed to help users track and manage personal and shared finances. It integrates with multiple banks using open banking to provide a unified view of transactions and accounts. The platform offers tools for budgeting, collaboration, and expense tracking across households or projects.
  • 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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Idekapital
VC Fund · Oslo, Oslo, Norway · 16 investments in Norway SaaS 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, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 32
  • Round size: Seed $168k–$4.4M; Series A $2.7M–$15M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • ORDR — Restaurants, foodstalls and takeaways use ORDR to speed up food prep and increase revenue.
  • 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.
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Arkwright X
VC Fund · Oslo, Oslo, Norway · 15 investments in Norway SaaS startups

Leading Nordic venture capital firm investing in early-stage B2B startups

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Investment focus

  • Industry: Software, SaaS, Energy
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 23
  • Round size: Seed $1.2M–$5.6M; Pre-Seed $93k–$2.8M; Series A $4.9M–$15M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Soolv
  • 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.
  • Qurrent — Qurrent provides intelligent software solutions that optimize, regulate, and automate the trading of decentralized renewable energy assets.
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Northzone
VC Fund · London, England, United Kingdom · 13 investments in Norway SaaS startups

Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 321
  • Round size: Seed $2.4M–$17M; Series A $4M–$40M; Series B $6.7M–$95M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Stream — Stream is a financial services firm that allows employees to stream their earned wages into their accounts through an instant app. The app allows them to have complete control over when they get paid. It also effectively ends the need for employee advances, loans, and employee stress suffered from short-term, unplanned financial obligations. Thecompany aims to play a key role in reducing the poverty premium and preventing employees from entering cycles of debt caused by overdraft fees, high-interest credit, or payday loans.
  • HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
  • GovDash — Realize allows users to link brokerage accounts, view real-time account data, and place trades from any app. We currently support over 90 million accounts at the largest retail brokerages in the US.We're revenue-generating and backed by top investors like Y Combinator, Craft Ventures, Global Founders Capital, Soma Capital, Olive Tree Capitaland more.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 13 investments in Norway SaaS 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: 27
  • Round size: Seed $971k–$6.2M; Pre-Seed $551k–$2M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • Sonair — Sonair is an award-winning deep tech startup building a breakthrough, patented 3D ultrasonic sensor that enables true machine autonomy by making robots safe, affordable, and efficient. Sonair was spun out from a leading European independent research organization, SINTEF, to exploit deep science-to-tech advancements in ultrasonics andMicro-ElectroMechanical Systems (MEMS). Using this technology, the company is delivering a sensor that will transform a robot’s vision from 2D to 3D, offering a significantly improved safety performance over traditional vision systems while cutting costs by 50-80%. The company, based in Oslo, Norway, was founded in 2022 by an experienced team of serial entrepreneurs led by Knut Sandven, former CEO of GasSecure.
  • 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
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 13 investments in Norway SaaS startups

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

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 31
  • Round size: Seed $1M–$5.5M; Pre-Seed $2.8M–$4.5M; Series A $4.9M–$59M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • MusicInfra — Organizing connections between recordings, compositions, and rightsholder claims to reduce friction and enable monetization. AI-powered recognition and matching solutions for the music industry.
  • Nolla Health — Nolla Health is a technology-driven healthcare company that focuses on developing AI-powered digital doctors, starting with skin health and dermatology.
  • Nordic Air Defence — Nordic Air Defence builds cutting-edge solutions for modern aerial security. Made in Sweden.
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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 11 investments in Norway SaaS startups

MP Pensjon er pensjonskasse for TINE SA og norske datterselskaper. God og langsiktig forvaltning sikrer din pensjon.

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $500k–$5.5M; Series A $4.9M–$9M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Climeon — Climeon is a clean-tech vendor that produces heat power systems, converting waste heat and geothermal heat into clean electricity. The company develops low temperature industrial and geothermal waste heat recovery products which can convert temperature differences in water and gas into electricity.Founded by Thomas Öström and Joachim Karthäuserin 2011, Climeon is headquartered in Stockholm, Sweden.
  • Odins.ai — Odins.ai is a platform powered by AI that focuses on offering organizations intelligent automation solutions. Optimizes your budget using the most recent AI-driven models to guarantee the highest return on investment.
  • Saga Robotics — Saga Robotics delivers UV-C mildew control, AI-driven data services, and robotic farm automation with the autonomous robot Thorvald. Our robots provide chemical-free vineyard and strawberry disease management to help growers increase yields and reduce reliance on fungicides.
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Ferd
VC Fund · Lysaker, Akershus, Norway · 10 investments in Norway SaaS 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 $11M–$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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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 10 investments in Norway SaaS 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: 18
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $660k–$2M; Series A $11M–$16M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Catchwise — Fyll kvota mer effektivt. Finn den riktige fisken, med mindre tid og diesel.
  • Lightsonic — We transform how critical infrastructure is monitored to help preserve and optimise natural resources, reduce carbon emissions, and create a more sustainable and resilient environment.
  • 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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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 8 investments in Norway SaaS 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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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 7 investments in Norway SaaS startups

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 270
  • Round size: Seed $1.8M–$16M; Series A $5M–$33M; Series B $8M–$80M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • unitQ — unitQ's product quality monitoring platform empowers businesses to take a data-driven approach to product quality so they can fix the right quality issues smarter and faster.
  • Payosu — Use Osu to get more bookings, take payments with zero fees, automate the invoicing, and let your business thrive.
  • Cerrion — Cerrion is a visual AI that helps production teams react faster to process deviations, automate root cause analysis, and implement targeted improvement actions. They believe that process transparency enabled by AI and computer vision is key to achieving more autonomy and sustainability in manufacturing. Their software is built and designed withproduction teams from all over the world in the loop.
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Skagerak Maturo
VC Fund · 7 investments in Norway SaaS startups

As an early stage venture firm, we invest in companies with positive impact. Megatrends like climate change and resource scarcity are some of the challenges we are facing. We believe technological innovations will contribute to a positive impact on people and the planet.

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $961k–$1.4M; Series A $2.7M–$7.5M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Semine — The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels.Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)
  • OptoScale — OptoScale sells real-time monitoring equipment for fish farms. OptoScale engages in precision aquaculture, helping fish farmers unlock unprecedented productivity and sustainability gains.
  • Ignite — A powerful & easy spend management tool to accelerate your procurement success by bringing clarity, clean data & sophisticated analytics to your fingertips
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DNB
VC Fund · Oslo, Oslo, Norway · 7 investments in Norway SaaS startups

DNB is a financial services group that offers financial services through mobile, online banking, bank offices, and international offices. The Group provides a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. The company’s personal banking products andservices include savings and investment products.DNB offers its products and services to various sectors, including financial institutions, energy, manufacturing, healthcare, packaging, and forest products, shipping, offshore, and logistics, seafood, and telecom, media, and technology. They also distribute its products and services through its branches, in-store postal and banking outlets, and post office counters.DNB was founded in 1822 and is headquartered in Oslo, Norway.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 43
  • Round size: Post-IPO Debt $89M–$1.2B; Debt Financing $94M–$683M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Astor — Scandinavian Astor Group is a Swedish industrial and defense group.
  • Low Carbon — Low Carbon focuses on large-scale renewable energy investments embracing proven technologies including solar, wind, waste to energy and battery storage.
  • Capsol Technologies ASA
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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 6 investments in Norway SaaS startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $320k–$3.5M; Angel $300k–$933k; Pre-Seed $672k–$1.8M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Ciloo — The global brand management platform for local, on-demand production of branded products. Reduce costs, waste + shipping distances. Full brand control.
  • laiout — We are a team of entrepreneurs tasked with reducing the time and frustration involved when designing early stage floor plans for large developments and existing properties.With support from world's biggest early-stage VC and several of our international future clients our team is helping to optimize this tedious architectural design phasesaving up to 20 weeks of time while providing more and better solutions.
  • Campanyon — Campanyon is a provider of an outdoor accommodation booking platform intended for people to find and book their next outdoor adventure by connecting campers with hosts.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 6 investments in Norway SaaS 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: 31
  • Round size: Series A $5M–$40M; Series B $5.5M–$44M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • 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.
  • 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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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 5 investments in Norway SaaS startups

We partner with deep tech and brand-driven companies obsessed in challenging category norms. The Nordics are our home, but we take on a global front in spotting the unexpected - from B2B to B2C, with a sweet spot for scientific advances, strong IP, and customer understanding that looks beyond convention.We invest in early stage companies: fromtheir inception to series A and beyond. We share in the vision of founders as champions and challengers, drawing on our experiences from scaling some of the strongest tech companies ourselves.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Finland, Norway, Denmark

Investor stats

  • Total investments: 93
  • Round size: Seed $900k–$8M; Pre-Seed $1.1M–$2.7M; Series A $3.3M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Yaak Technologies ApS — Safety in urban self-driving is currently an afterthought. At Yaak, we distill safety from driving experts for the next generation of human and autonomous driving.
  • IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
  • Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
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Construct Venture
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway SaaS startups

Early phase investor in ConstructionTech and PropTech powered by OBOS & AF

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Investment focus

  • Industry: Software, Information Services, Information Technology
  • Stage:Seed, Series A
  • Geography: Norway, Spain

Investor stats

  • Total investments: 9
  • Round size: Seed $2.2M–$6.6M; Series A $10M–$25M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • 7Analytics — 7Analytics delivers disruptive proptech solutions for sustainable cities. Our innovative FlomKuben software will utilize automatization and AI to allow rapid and safe analysis for stormwater management.
  • Theoriq — Theoriq is a platform for limitless AI innovation built on the principles of composability, extensibility, and community-driven governance.
  • Findable — Findable is an intelligent facility management system for public properties, commercial real estate and construction. We use AI to automate operations and manage your properties with data from your building documentation. Our user-friendly software helps your facility manager ensure compliance, reduce risk, and lower operation costs with powerful automation tools.
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway SaaS startups

OBOS Forsikring is provides residential insurance services.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $766k–$3.7M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • 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.
  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • Receipts — Receipts is a single set of APIs that connects cashier systems and banks, allowing for digital receipts, card identification, and retail value-added services.
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Momentum
VC Fund · Bergen, Hordaland, Norway · 5 investments in Norway SaaS 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; Series A $17M–$18M
  • 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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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway SaaS 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: 29
  • Round size: Seed $160k–$5.1M; Pre-Seed $373k–$762k
  • Lead/follow: 38% lead, 62% 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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Viking Venture
VC Fund · Trondheim, Sor-Trondelag, Norway · 5 investments in Norway SaaS startups

Viking Growth is the leading investor in Nordic business-to-business software companies. We help you grow your business internationally, provide growth capital and support you every step of your journey.

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Investment focus

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

Investor stats

  • Total investments: 16
  • Round size: Series B $1.4M–$11M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Signicat — Signicat is a digital identity service provider (DISP) and one of the leading providers of e-ID and e-signature solutions in Europe. The company delivers online trust based services to the public and private sector globally.The solutions fulfill operational capabilities in line with international standards and requirements, such as Privacy,Anti-Money Laundering (AML) and Anti-Terrorist legislation and regulations, as well as Know Your Customer (KYC) requirements for onboarding of new users.Signicat offers some of the most advanced solutions for electronic identity and electronic signatures. The goal is to enable customers to do business more effectively by delivering great user experiences for the end users and at the same time reduce the risk by using advanced security technology.The Signicat solutions are used by banks and financial institutions, insurance companies, government agencies and large corporations as well as small and medium sized businesses. Customers trust Signicat with the responsibility of authenticating users, providing electronic signing, identity proofing and document preservation.Banking grade SLAs are offered, matching customers need for scalability and reliability.Signicat was founded in 2006 as Kantega Secure Identity, a spin-off from Kantega (www.kantega.no). It is owned by Secure Identity Holding (SIH), Viking Venture and the employees.Signicat has offices in UK (London), Germany (Frankfurt), Netherlands (Amsterdam), Portugal (Lisbon), Denmark (Copenhagen), Sweden (Stockholm), Finland (Helsinki) and Norway (Trondheim and Oslo).
  • EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
  • Asolvi — Industry leading Field Service Management Software. Search and find best solution. Meets high industry standards. Contact us for info and free demo.
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Norselab
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway SaaS startups

Norselab is a leading European impact investment house. We are dedicated to proving that impact is the future of investing across asset classes.

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Investment focus

  • Industry: Software, SaaS, Agriculture
  • Stage:Seed, Series A
  • Geography: Norway, Switzerland, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $500k–$6.6M; Series A $2M–$14M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Looping — Looping offers reuse as a service by substituting reusable transport packaging for single-use plastic products. It produces long-lasting and reusable transport wrapping for building modules, housing modules, and steel containers.
  • Beefutures — Rooted in the beekeeping legacy and driven by expert engineering, Beefutures delivers accessible nature-based solutions to power a more sustainable world.
  • Wanda — Wanda.space is a technology and logistics start-up delivering space as a service.
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TeleVenture Management
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway SaaS startups

Making Venture Happen. Televenture is one of the leading venture capital companies in Norway.

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Investment focus

  • Industry: Software, Manufacturing, Biotechnology
  • Stage:Seed, Series A
  • Geography: Norway, United States

Investor stats

  • Total investments: 26
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • CrayoNano — CrayoNano is a next generation semiconductor company. We specialize in nanotechnology that will enable a more sustainable and healthier life for tomorrow.
  • Genetic Analysis — Genetic Analysis AS (GA) has the goal of being a leader within the field of molecular diagnostics of diseases related to gut imbalances. By utilizing the DNA-based GA-map™ array technology, profiles of a patient’s gut microbiota is quickly generated and can be related to various health conditions. Genetic Analysis has developed a DNA-basedtechnology platform that allows for simultaneous analysis of a large number of similarities (but not identical) gene fragments in one reaction. The company’s focus is to utilize this technology platform to identify variations in the hundreds of different bacteria that exist in the gut (large and small intestine). The GA - map makes it possible, for the first time, to offer a diagnostic solution – including early detection - for many diseases that are affected by imbalances in the gut microbiota. Genetic Analysis will offer kits and services for a wide range of applications.
  • Stingray Marine Solutions — Stingray Marine Solutions is a Norwegian technology firm that produces a laser unit which, when lowered into salmon farming pens, kills sea lice. It is based on entrepreneur Esben Beck’s patented idea in 2010 for salmon louse removal using camera vision and laser. It all started with Esben Beck and a lathe in his basement in 1999. After more than10 years of deliveries to oil, gas and offshore companies, he decided to invest in his own products. He decided to found and develop his own salmon louse project, where design, production, software development, testing, and installation were carried out by using in-house resources.Stingray is based in Oslo, Norway.
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Christian Rokseth
Angel · Stavanger, Rogaland, Norway · 4 investments in Norway SaaS startups

Christian Rokseth is dedicated and focused towards developing new and innovative communication solutions for enterprises. Since Christian Rokseth is started my career in 1999 Christian Rokseth have managed a series of advanced projects within the IT and Telecom industry. These projects have brought me significant knowledge about all the requiredsteps and processes involved in order to bring state of the art electronics and software products to the market. In 2014 Christian Rokseth is managed the development and market introduction of the world's first intrinsically safe smartphone. The product was developed from scratch by a team of 8 engineers. Likely the smallest team ever to develop a smartphone.

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Investment focus

  • Industry: Software, Electronics, Machine Learning
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 5
  • Round size: Seed $1.2M–$3.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Auk — Auk creates a fully-automatic system that makes it easier to grow vegetables, salads and herbs at your own kitchen
  • Globus.ai — Cover up to 40% more shifts, every day, with our self-learning, AI-based, workforce management software. Book your free trial today.
  • Intoto — River and coastal risk management to protect assets, people and the environment.
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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 4 investments in Norway SaaS 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 B, Series A
  • Geography: Norway, France, Germany

Investor stats

  • Total investments: 48
  • Round size: Series A $3.2M–$23M; Series B $8.5M–$115M
  • Lead/follow: 42% lead, 58% 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.
  • DEPsys — Our advanced smart grid solutions and insights empower electricity DSOs and simplify their journeys through the energy transition.
  • Hydrosat — Hydrosat provides daily, high-resolution thermal and multispectral infrared imagery of the entire Earth. Leveraging our first-in-history thermal capabilities, we also provide analytics solutions to solve climate and agriculture issues.
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Chris Murphy
Angel · Stockholm, Stockholms Lan, Sweden · 4 investments in Norway SaaS 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, United Kingdom

Investor stats

  • Total investments: 62
  • Round size: Seed $1.8M–$10M; Pre-Seed $1.7M–$3.3M; Series A $7.5M–$35M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Unloc — Open doors straight from your phone with our mobile keys. Share temporary or permanent access with friends, family and others. One app for all keys.
  • 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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Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway SaaS 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: United Kingdom, Germany, Austria

Investor stats

  • Total investments: 528
  • Round size: Seed $823k–$8M; Pre-Seed $549k–$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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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 4 investments in Norway SaaS 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: Renewable Energy, Robotics, Software
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

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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Digital Currency Group
VC Fund · Stamford, Connecticut, United States · 4 investments in Norway SaaS startups

We are the capital engine supporting emerging talent & crypto technology. On its mission to accelerate the development of a better financial system.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 294
  • Round size: Seed $650k–$8.5M; Series A $3M–$48M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Zabo — Zabo is an API for connecting to any crypto exchange, wallet, protocol or account. Sign up for access to free API keys at Zabo.com
  • Ballet — Ballet Crypto is a companion mobile app, which enables sending of cryptocurrency, checking market value and activating additional currencies. The use of the mobile app is completely optional, as you do not need it to receive and store your cryptocurrency safely.
  • Joystream — Joystream is a block chain-based, decentralized video platform.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 4 investments in Norway SaaS startups

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 255
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $9M–$53M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Athenian — Introducing the world to software engineering metrics that help teams, and improve processes. Athenian is built for GitHub and Jira users.
  • Lottielab — Easiest animation editor for design and tech teams.
  • 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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Johan Brand
Angel · Oslo, Oslo, Norway · 4 investments in Norway SaaS 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

  • Poio — Poio is a EdTech-startup with a grand vision to change how children are introduced to written language. Our goal is that no children should struggle to learn reading. To make this happen we invent playful digital environments where children can teach themselves. We launched our first reading game in June which went straight to #1 in the NorwegianApp Store and we are receiving raving reviews from users and journalists.
  • 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.
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Anne Worsoe
Angel · Oslo, Oslo, Norway · 4 investments in Norway SaaS startups

I work with early-stage technology startups and founders with ambitions to solve global challenges. I'm co-founder and partner at Farmhouse, investing primarily in Norwegian startups, and a venture partner at Antler, a global early-stage VC. Previously, I held the position as Portfolio Manager and Partner at B&B while the company scaledfrom 16 to 60+ people in three countries. I initiated and co-founded the co-working space Nordic Innovation House in Silicon Valley, explored new business opportunities in the renewables industry and I was the first CEO of the Norwegian Venture Capital & Private Equity Association. I have experience as a co-founder, angel investor, member of the Board of Directors for startups and VCs, focusing on early-stage ventures, growth, and internationalization. I'm passionate about helping startups scale their impact, and especially empowering female co-founders and angel investors.

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Investment focus

  • Industry: Software, Machine Learning, Financial Services
  • Stage:Pre-Seed, Angel
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 7
  • Round size: Pre-Seed $672k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ownersroom — OwnersRoom is a fintech startup based in Oslo.
  • SafetyWing — Health and insurance products for remote companies and remote workers worldwide, as a replacement for national welfare systems.
  • Savvie — Savvie is your sales forecasting tool, waste tracking tool, sold-out tracker, ordering solution, product manager and analytics dashboard all in one intuitive app. We help you reduce food waste while maximizing sales with our one-click solution for store management.
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Stratel
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway SaaS startups

Stratel AS is a family owned Norwegian investment and development company, founded in 1976 by Reidar Lorentzen. Stratel invests in entrepreneurs and companies with high ambitions, positive impact and a promising value potential. We invest in both startups, ventures and mature businesses. ​ Their investment philosophy is for Fun, Sense and Profit.

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Investment focus

  • Industry: Software, Robotics, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United Arab Emirates

Investor stats

  • Total investments: 7
  • Round size: Seed $320k–$3M; Pre-Seed $1.6M–$2M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • 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
  • Inherit Carbon Solutions — Inherit Carbon Solutions creates durable nature-friendly carbon removal solutions.
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Blue Bear Capital
VC Fund · Beverly Hills, California, United States · 3 investments in Norway SaaS startups

Explore AI solutions for energy challenges. Invest in a sustainable future with Blue Bear Capital. Learn more today!

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed
  • Geography: United States, Germany, The Netherlands

Investor stats

  • Total investments: 76
  • Round size: Seed $1.5M–$3.5M; Series A $5.5M–$18M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Delos Insurance — An insurance company which uses advanced technology and artificial intelligence to protect California homeowners from wildfires.
  • Demex — The Demex Group is a technology company that customizes and delivers climate-resilience through financial risk solutions on a global scale.
  • Urbint — Urbint uses artificial intelligence to predict threats to workers and critical infrastructure and stop incidents before they happen.
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Schibsted Growth
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway SaaS startups

Investing in great digital companies!

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Investment focus

  • Industry: Internet, Financial Services, E-Commerce
  • Stage:Seed, Series A
  • Geography: Sweden, Norway, France

Investor stats

  • Total investments: 51
  • Lead/follow: no public data

Portfolio highlights

  • Bookis — Bookis is the Next-Generation Online Bookstore with Direct Author Compensation, making the sharing of stories and knowledge playfully easy - from all bookshelves, for everyone. We leverage community, technology and innovative distribution to enable radically easier peer-to-peer bookselling, with fair author compensation models. Building theworld's largest network of authors fighting for a more fair book industry worldwide.
  • Dintero — Dintero is a Norwegian startup delivering payment, checkout, crm & loyalty solutions.
  • Campanyon — Campanyon is a provider of an outdoor accommodation booking platform intended for people to find and book their next outdoor adventure by connecting campers with hosts.
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Sean Percival
Angel · 3 investments in Norway SaaS startups

Sean Percival is the Chief Marketing Officer of Iterate Norway.

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Investment focus

  • Industry: Software, E-Commerce, Manufacturing
  • Stage:Seed, Pre-Seed, Equity Crowdfunding
  • Geography: United States, Norway, Estonia

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Tjommi — B2C app helping customers get money back from price drops
  • Vembla — Vembla offers a vast grocery selection 1500 to 20,000 products - from your local stores or our own warehouses. Get it delivered same day or in minutes.
  • Lendwill — There is a healthier way to build relationships with money.
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MP Pension
VC Fund · Gentofte, Hovedstaden, Denmark · 3 investments in Norway SaaS startups

Velkommen til AkademikerPension. Tryghed til dig og din familie.

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Investment focus

  • Industry: Information Technology, Software, Apps
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Exie — Unlock clear insights and make better-informed decisions with intelligent planning, budgeting and forecasting.
  • Aprila Bank — Aprila is a product- and technology company offering innovative financial solutions to small and medium sized businesses. Aprila’s API-based technology platform is connected to around 130,000 SMEs through partnership agreements with leading online accounting systems and other relevant system providers.
  • Defigo — Defigo specializes in systems for apartment and office buildings that provide convenience, security, and technology. Its smart home solution includes entry control and visitor management systems. The company was founded in 2014 and is headquartered in Oslo.
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Dawn Capital
VC Fund · London, England, United Kingdom · 3 investments in Norway SaaS startups

We are a family of investors, entrepreneurs, strategists and operational specialists, drawn together by our passion for helping B2B founders build category-defining companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, United States, Denmark

Investor stats

  • Total investments: 133
  • Lead/follow: no public data

Portfolio highlights

  • Harbr — The Harbr data commerce platform powers high-margin data businesses by enabling customized data product design and delivery at scale to drive significant revenue
  • BRYTER — BRYTER is the AI productivity suite for legal work, made actionable through rule-based workflows.
  • Inforcer — Standardize Microsoft 365 security policies across multiple tenants with ease using inforcer. Gain visibility, upsell security offerings, increase compliance and reduce risk. Book a demo now!
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Saudi Aramco Energy Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 3 investments in Norway SaaS startups

Saudi Aramco Energy Ventures is the corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia),SAEV also operates through regional offices in North America and Europe. SAEV's Objectives are: - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi ArabiaSAEV's investment Focus Areas are: - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand

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Investment focus

  • Industry: Energy, Oil and Gas, Software
  • Stage:Series B, Series C
  • Geography: United States, Norway, United Kingdom

Investor stats

  • Total investments: 83
  • Lead/follow: no public data

Portfolio highlights

  • Seeq — Seeq Corporation develops software and services that accelerate industrial process analytics on industrial process data.
  • Xage Security — Secure, manage & transform OT, IT and cloud operations. Deliver zero-trust local access, remote access, and data security.
  • 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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Loyal VC
VC Fund · Toronto, Ontario, Canada · 3 investments in Norway SaaS startups

Loyal runs a global venture fund with quarterly redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Partnered with INSEAD, Founder Institute, and 500+ advisors, we are Loyal to the world with 250+ investments in 50+ countries.

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Investment focus

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 145
  • Lead/follow: no public data

Portfolio highlights

  • WASTETIDE — Wastetide turns these wastes into profit, and your excel sheets into useful data.
  • Bagel AI — Bagel AI is a product intelligence platform that automates product management, helping product teams turn data into insights, streamline GTM, and drive growth
  • Aisel Health — Aisel Health provides AI that imitates psychiatrists for psychiatric clinics and hospitals to ensure efficient patient access to care.
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Voyagers
VC Fund · London, England, United Kingdom · 3 investments in Norway SaaS 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, Renewable Energy, Biotechnology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Germany, United Kingdom, The Netherlands

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • Yama — Yama is currently in the active stages of technology development, leveraging its initial funding to showcase remarkable energy efficiency. Yama emphasis indicates a strong commitment to innovation in energy-saving solutions.
  • atmio — atmio helps natural gas operations to find, fix and report methane emissions easily.
  • Sirona Technologies — Pioneering direct air capture (DAC) technology with a focus on speed, scalability and a low capex design.
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Acequia Capital (AceCap)
VC Fund · Seattle, Washington, United States · 3 investments in Norway SaaS startups, 9 in the past 12 months

We are a leading early-stage investment platform. We are at the center of a global ecosystem that attracts and fuels the technical founders and product teams building the next wave of global businesses.

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Investment focus

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

Investor stats

  • Total investments: 221
  • Lead/follow: no public data

Portfolio highlights

  • Arago — Arago is an AI and computer hardware company developing an energy-efficient AI chip powered by light, and its associated software.
  • Tracelight — Tracelight is an AI-powered Excel add-in that enhances financial modeling by enabling users to generate formulas from natural language, check for errors, and interact with models using plain English. It helps financial professionals save time, reduce errors, and work more efficiently while maintaining security and data privacy.
  • Hyperdrives — Discover Hyperdrives, a deep-tech engineering company providing electric drive systems designed to set a new benchmark for performance-to-cost.
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Verdane
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway SaaS startups

The preferred growth partner to tech-enabled businesses in Northern Europe.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 125
  • Lead/follow: no public data

Portfolio highlights

  • Sitoo — Delight your customers with best-in-class shopping journeys. Every time. Everywhere.
  • fiskaly — fiskaly offers cloud-based solutions for all aspects of the receipt. Country-specific and 100% legally compliant.
  • Ingrid — Ingrid was founded with a mission to create delivery experiences that fit people's lives by letting e-commerce businesses deliver sustainable growth and giving shoppers the power to personalize delivery and returns. The result is a better overall customer experience and greater efficiency for both the retailer and the delivery carrier.
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Kistefos Venture Capital
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway SaaS startups

Kistefos focus on investing between NOK 10m and NOK +100m in each company, aiming at obtaining a significant ownership stake. Kistefos is opportunistic with regards to sectors, company sizes, life-cycle stages and geographies. Kistefos’ investment strategy selectively seeks out a diverse range of proprietary transactions in companies of varioussizes, including build-ups, growth capital, rescue financings and buyouts.Kistefos is an active partner to the management teams and founders, providing considerable internal resources to ensure the long-term value creation through identification of the key value drivers. Furthermore, we operate under a flexible investment mandate, giving us the opportunity to optimally support our portfolio companies throughout our ownership period.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A
  • Geography: Norway, Singapore, Sweden

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • fileAI — Automate and analyze any file with AI. fileAI builds proprietary AI components for complex agentic workflow automation.
  • Workclass — Apply for any jobs and get hired in 24 hours now!
  • fileAI (formerly bluesheets) — Build a solid data foundation with Bluesheets, the all-in-one tool that connects, categorises and automates your finanical data. Set up once, automate forever.
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SaaS Investor funding in Norway at a glance

Stats across 688 deals from 711 investors.

711
investors
in Norway SaaS startups
688
deals
in Norway SaaS startups
$2M
median round
in Norway SaaS startups
32%
lead investors
lead at least one round
28%
Seed
most common funding stage
79/21
VC / Angel
share of investor count

Access all 711 investors in Norway SaaS startups.

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