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Top 50 SaaS Startup Investors in Norway (November 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 Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Antler
VC Fund
70 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Skyfall Ventures
VC Fund
35 Norway, Denmark, United States Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $350k–$6.1M
Investinor
VC Fund
35 Norway, United States, Sweden Venture - Series Unknown, Series A Software, Biotechnology, Manufacturing $2M–$25M
Alliance VC
VC Fund
25 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Idekapital
VC Fund
20 Norway, United Kingdom Series A, Venture - Series Unknown, Seed Software, SaaS, Information Technology $210k–$90M
ProVenture
VC Fund
19 Norway, United States, India Seed, Venture - Series Unknown Software, Oil and Gas, Information Technology $754k–$4M
SNÖ Ventures
VC Fund
18 Norway, United States, Sweden Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, Machine Learning $978k–$5.5M
Innovation Norway
VC Fund
17 Norway, Romania, Sweden Grant, Seed, Debt Financing Software, Information Technology, Artificial Intelligence $48k–$134M
Northzone
VC Fund
17 United States, Sweden, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, FinTech $2.4M–$100M
RunwayFBU
VC Fund
16 Norway, Italy, Sweden Pre-Seed, Seed, Series A Software, SaaS, Information Technology $538k–$17M
Arkwright X
VC Fund
16 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
MP Pensjon
VC Fund
13 Norway, Sweden, United States Seed, Series A Software, Information Technology, SaaS $500k–$9M
Sondo Capital
VC Fund
13 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Artificial Intelligence, Analytics $600k–$16M
Ferd
VC Fund
10 Norway, Sweden, United States Private Equity, Post-IPO Equity Software, Energy, Information Technology $1M–$40M
Farvatn Venture
VC Fund
9 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$8M
Maki.vc
VC Fund
8 Finland, Norway, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Information Technology $578k–$37M
Skagerak Maturo
VC Fund
8 Norway Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.1M–$7.5M
SINTEF Venture AS
VC Fund
8 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
Trond Riiber Knudsen
Angel
8 Norway, United States, Kenya Seed, Pre-Seed, Angel Software, SaaS, Machine Learning $300k–$3.5M
Norselab
VC Fund
8 Norway, Switzerland, United States Seed, Venture - Series Unknown, Series A Software, SaaS, Agriculture $500k–$30M
DNB
VC Fund
7 Norway, Sweden, United States Post-IPO Debt, Debt Financing, Venture - Series Unknown Renewable Energy, Energy, Oil and Gas $240k–$1.5B
Creandum
VC Fund
7 Sweden, United States, Germany Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $1.8M–$80M
Wiski Capital
VC Fund
7 Norway, Sweden Seed, Venture - Series Unknown, Pre-Seed Software, Energy, Renewable Energy $740k–$8.3M
Nysnø
VC Fund
7 Norway, United Kingdom Venture - Series Unknown, Series A, Seed Robotics, Software, Manufacturing $4M–$74M
TRK Group
VC Fund
7 Norway, Kenya Pre-Seed, Seed Software, SaaS, Machine Learning $159k–$2M
Point Nine
VC Fund
6 Germany, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $800k–$62M
Viking Growth
VC Fund
6 Norway, Sweden, Denmark Venture - Series Unknown, Private Equity Software, Information Technology, SaaS $3M–$26M
OBOS Forsikring
VC Fund
6 Norway Seed, Series A Real Estate, Information Technology, Software $766k–$4M
Boost VC
VC Fund
6 United States, Canada, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Software, Virtual Reality, Artificial Intelligence $100k–$8.9M
Construct Venture
VC Fund
6 Norway, Spain Seed, Series A, Venture - Series Unknown Artificial Intelligence, Software, Information Services $2.1M–$25M
Momentum
VC Fund
6 Norway, Finland, United Kingdom Seed, Venture - Series Unknown, Series A Software, Renewable Energy, Energy $401k–$18M
Stratel
VC Fund
6 Norway, United Arab Emirates Seed, Pre-Seed Software, Robotics, Health Care $320k–$3M
Murshid M. Ali
Angel
6 Norway, Sweden, Denmark Pre-Seed, Seed, Series A Financial Services, SaaS, Solar $300k–$1.5M
Link Venture Capital
VC Fund
6 Norway, United Kingdom, The Netherlands Pre-Seed, Seed, Venture - Series Unknown Renewable Energy, Marine Technology, SaaS $400k–$4.3M
OBOS Ventures
VC Fund
5 Norway, Denmark Seed, Pre-Seed Artificial Intelligence, Software, Property Management $501k–$6.3M
Digital Currency Group
VC Fund
5 United States, United Kingdom, Singapore Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $550k–$114M
Anne Worsoe
Angel
5 Norway, United States, Denmark Pre-Seed, Angel Software, SaaS, Machine Learning $826k–$1.1M
Level39
VC Fund
5 United Kingdom, Norway, United States Seed, Pre-Seed Financial Services, Information Technology, FinTech $400k–$1.5M
Founders Fund AS
VC Fund
5 Norway, United States Seed, Angel, Pre-Seed Software, Information Technology, B2B $160k–$729k
Shell Ventures
VC Fund
5 United States, United Kingdom, India Series A, Venture - Series Unknown, Series B Energy, Renewable Energy, Software $2.8M–$126M
Johan Brand
Angel
5 Norway, United States, United Kingdom Seed, Venture - Series Unknown, Series A EdTech, Education, Software $1M–$3.5M
Firda
VC Fund
5 Norway Seed, Venture - Series Unknown, Angel Software, SaaS, Information Technology
DTCP
VC Fund
5 United States, Germany, Israel Series C, Series B, Venture - Series Unknown Software, Information Technology, SaaS $2M–$177M
TeleVenture Management
VC Fund
5 Norway, United States Venture - Series Unknown, Seed Software, Manufacturing, Biotechnology $686k–$5.9M
Scale Capital
VC Fund
5 Denmark, Norway, Germany Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $1M–$14M
Skagerak Capital
VC Fund
5 Norway, Sweden Series A, Seed, Venture - Series Unknown Manufacturing, SaaS, Software $1.9M–$24M
Valinor AS
VC Fund
4 Norway, United Kingdom Seed, Series A Renewable Energy, Robotics, Software
Nordic Makers
VC Fund
4 Denmark, United States, Norway Seed, Pre-Seed, Series A Software, Information Technology, SaaS $206k–$16M
The Nordic Web Ventures
VC Fund
4 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, Artificial Intelligence, SaaS $250k–$5M
Aidiom
VC Fund
4 Norway, Hungary, Czech Republic Seed, Pre-Seed, Series A Software, Solar, Industrial $590k–$7M
Access all 1043 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

Antler
VC Fund · Singapore, Central Region, Singapore · 70 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: United States, Singapore, Australia

Investor stats

  • Total investments: 2394
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$611k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is the AI platform for medical education: expert-led, case-based 5-minute modules HCPs love, built in hours and measured for behaviour change.
  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Plouton AI —
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 35 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, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 65
  • Round size: Seed $1.2M–$6.1M; Pre-Seed $350k–$3.3M; Venture - Series Unknown $1.1M–$1.6M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $29M in 2022

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • CYBRET AI — Continuous Black, Grey, and White box pentesting. Cover authorized targets, prove exploitable findings with replay evidence, and ship the fix.
  • Volve — AI for construction tendering: contract review, quantity take-off, scope review, bid development and offer comparison. Every finding traced to source.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 35 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:Venture - Series Unknown, Series A
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 134
  • Round size: Series A $2.3M–$25M; Venture - Series Unknown $2M–$19M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $274M in 2011

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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 — Muybridge builds real-time, software-defined cameras. Be anywhere: capture, replay and navigate live action from any angle, with zero latency.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 25 investments in Norway SaaS startups, 7 in the past 12 months

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

Investor stats

  • Total investments: 89
  • Round size: Seed $1.4M–$5M; Pre-Seed $970k–$4M; Series A $3.6M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $47M in 2025

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Spiich Labs — AI for revenue teams that win on relationships. Spiich preps your meetings, updates your CRM and drafts follow-ups. Reps save 9+ hours every week.
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
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Idekapital
VC Fund · Oslo, Oslo, Norway · 20 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, Venture - Series Unknown, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $210k–$4.4M; Series A $3.4M–$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 — Muybridge builds real-time, software-defined cameras. Be anywhere: capture, replay and navigate live action from any angle, with zero latency.
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 19 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, Venture - Series Unknown
  • Geography: Norway, United States, India

Investor stats

  • Total investments: 41
  • Round size: Seed $754k–$4M; Venture - Series Unknown $1.6M–$3M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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.
  • The Human Touch Robotics — Introducing robotics with the lightness of the human touch in realms once thought impossible.
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SNÖ Ventures
VC Fund · Oslo, Oslo, Norway · 18 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, Artificial Intelligence, Machine Learning
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 42
  • Round size: Seed $978k–$5.5M; Pre-Seed $2.8M–$4.5M; Venture - Series Unknown $1.3M–$5M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — 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.
  • Sindri — Sindri is a platform that helps the energy industry utilizing artificial intelligence, machine learning, and computer vision technologies.
  • Nolla Health — Scandinavian-inspired healthcare: a private AI health assistant backed by licensed U.S. physicians.
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Innovation Norway
VC Fund · Oslo, Oslo, Norway · 17 investments in Norway SaaS startups

Innovasjon Norge - vi gir lokale ideer globale muligheter

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Seed, Debt Financing
  • Geography: Norway, Romania, Sweden

Investor stats

  • Total investments: 85
  • Round size: Seed $118k–$3.6M; Grant $48k–$2M; Debt Financing $239k–$134M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Jenz — Jenz is an AI-powered “agentic back office” for e-commerce and retail teams, connecting systems such as inventory, orders, ads, customer data, and finance to automate operations and provide insights through an AI agent.
  • Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
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Northzone
VC Fund · London, England, United Kingdom · 17 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, Artificial Intelligence, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 375
  • Round size: Seed $2.4M–$23M; Series A $4.5M–$32M; Series B $7.4M–$100M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Duvo — Duvo brings your people, AI agents and existing systems together to map, run and improve your processes, with decisions, exceptions and results in one place.
  • Rayon — Built for Speed. Designed for Teams.
  • SolveAI —
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 16 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: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Norway, Italy, Sweden

Investor stats

  • Total investments: 29
  • Round size: Seed $970k–$6.2M; Pre-Seed $538k–$2M; Series A $5.1M–$17M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $33M in 2021

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • Muybridge — Muybridge builds real-time, software-defined cameras. Be anywhere: capture, replay and navigate live action from any angle, with zero latency.
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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Access 48,091 investors

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

Browse database — It's Free!
Arkwright X
VC Fund · Oslo, Oslo, Norway · 16 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 $878k–$5.8M; Pre-Seed $93k–$2.8M; Series A $4.8M–$15M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Soolv — AI that turns messy application documents into structured data - so you can instantly score candidates and reveal early patterns of success.
  • 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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MP Pensjon
VC Fund · Oslo, Oslo, Norway · 13 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 $4.8M–$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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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 13 investments in Norway SaaS startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $1.9M–$4.7M; Pre-Seed $600k–$5.7M; Series A $11M–$16M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Benford — Benford is a modern, licensed audit firm that provides technology-driven statutory audit services using its custom software, AuditOS.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Fronted — Fronted is a company that specialises in helping organisations scale by giving access to global talent in software development and related services.
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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, Post-IPO Equity
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 60
  • Round size: Private Equity $13M–$14M; Post-IPO Equity $1M–$40M
  • Lead/follow: 30% lead, 70% 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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Farvatn Venture
VC Fund · 9 investments in Norway SaaS startups

Planet 9 Venture supports startups and work with venture funds to make a positive imprint on the world.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 85
  • Round size: Seed $1M–$8M; Pre-Seed $120k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • BioSort — Biometrics provides lice, biomass, extraction, and data analysis. They offer feed, fish health, welfare, optimized harvest aquaculture, and fisheries. They provide sensor technologies, machine vision, AI, software, mechatronics.
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
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Maki.vc
VC Fund · Helsinki, Southern Finland, Finland · 8 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: from their 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: 104
  • Round size: Seed $948k–$8.3M; Pre-Seed $578k–$2.7M; Series A $3.5M–$37M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $106M in 2024

Portfolio highlights

  • Aavuus — Aavuus is building a global network of ground-based laser stations to detect and track space debris with high precision.
  • Quanscient — Quanscient develops multiphysics simulation software utilizing quantum computing algorithms to improve simulation technology. Its Computer Aided Engineering (CAE) platform integrates a unique combination of cloud-native multiphysics solvers, advanced cloud computing, and future quantum integration. The platform also offers engineers over ahundredfold increase in simulation throughput to enable fully digital R&D processes, addressing complex technology challenges in industries like fusion energy, 6G/7G, advanced semiconductors, biomedical, automotive, and aerospace.
  • Volare — Refining food, beverage and agricultural sidestreams into protein, oil and fertilizers. Sustainable Black Soldier Fly Protein & Oil for Pet Food and Aquafeed from Finland.
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Skagerak Maturo
VC Fund · Kristiansand, Vest-Agder, Norway · 8 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, Information Technology, SaaS
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway

Investor stats

  • Total investments: 13
  • Round size: Seed $1.2M–$1.5M; Series A $3.4M–$7.5M; Venture - Series Unknown $1.1M–$1.2M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Intelecy — Turn your data into valuable insight for process optimization and achieve sustainable production. By using Intelecy, you can build your own powerful no-code machine learning models in minutes without a single line of code!
  • 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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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 8 investments in Norway SaaS startups

We commercialize technology created by SINTEF's research environments

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Investment focus

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

Investor stats

  • Total investments: 34
  • Round size: Seed $160k–$6.2M; Venture - Series Unknown $1.5M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $62M in 2018

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • 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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Trond Riiber Knudsen
Angel · Oslo, Oslo, Norway · 8 investments in Norway SaaS startups

Trond Riiber Knudsen is a Founder of TRK GROUP.

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Investment focus

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

Investor stats

  • Total investments: 20
  • Round size: Seed $320k–$3.5M; Angel $300k–$1.2M; Pre-Seed $368k–$1.8M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Soolv — AI that turns messy application documents into structured data - so you can instantly score candidates and reveal early patterns of success.
  • 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.
  • Starflow — Starflow goal is to create a scalable energy system that helps people achieve energy independence.
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Norselab
VC Fund · Oslo, Oslo, Norway · 8 investments in Norway SaaS startups

A startup studio situated in Oslo, built on and around the mobile and web development agency Norse Digital. Over the last few years, Norselab has created a strong portfolio of technology ventures built by the company's internal, world-class technology teams.

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $500k–$6.3M; Series A $2.1M–$15M; Venture - Series Unknown $2.2M–$30M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — fund raised in 2024

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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DNB
VC Fund · Oslo, Oslo, Norway · 7 investments in Norway SaaS startups, 15 in the past 12 months

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 and services 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, Oil and Gas
  • Stage:Post-IPO Debt, Debt Financing, Venture - Series Unknown
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 57
  • Round size: Post-IPO Debt $21M–$786M; Debt Financing $94M–$1.5B; Venture - Series Unknown $240k–$100M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Kenter Groendus — Kenter Groendus is a full-service energy partner serving commercial and industrial clients. The company offers an end-to-end suite of hardware and software solutions to help organizations navigate grid congestion, rising energy costs, and regulatory compliance. Its portfolio spans metering services, transformer stations, energy storage/batteries, solar installations, an energy marketplace, and AI-driven Energy Management Systems (EMS).
  • Salmon Evolution — Salmon Evolution is a land-based salmon farming company producing premium salmon using innovative and sustainable aquaculture technology
  • Clearway Energy Group — We're a leading independent clean power developer and operator with over 350 clean energy projects across America.
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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, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, United States, Germany

Investor stats

  • Total investments: 334
  • Round size: Seed $1.8M–$19M; Series A $5.2M–$31M; Series B $10M–$80M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $545M in 2024

Portfolio highlights

  • Atlas Bio — Atlas Bio is a biotechnology company that develops a predictive foundation AI model of human biology.
  • MACHENTA — Machenta develops artificial intelligence and robotics software focused on instant learning for robots. The company builds systems that enable robotic platforms to learn manipulation and control tasks rapidly, reducing the need for extensive manual programming or long training cycles. Its software is used to help automated machines adapt to diverse environments and handle complex physical interaction workflows. Machenta operates in robotics and AI software as well as broader information technology services and experimental research on natural sciences and engineering. Its work targets organizations that deploy or develop robotic systems and require advanced learning capabilities integrated into their hardware and infrastructure.
  • Ares Intelligence — Ares Intelligence conducts automated internal interviews across a company's workforce to analyze operational inefficiencies and identify where the business can integrate artificial intelligence effectively.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 7 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, Venture - Series Unknown, Pre-Seed
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $740k–$8.3M; Venture - Series Unknown $1.1M–$3.5M
  • 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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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 7 investments in Norway SaaS startups, 7 in the past 12 months

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: Robotics, Software, Manufacturing
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Seed $4M–$15M; Series A $5M–$40M; Venture - Series Unknown $10M–$74M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Alva Industries — Serving industries from aerospace to marine, we deliver high-performance, sustainable motors to drive a cleaner, more efficient future.
  • Maritime Robotics — Maritime Robotics is a leading global high-tech company creating sustainable autonomy at sea. Our technology makes ocean space accessible and safe worldwide.
  • HIVE — A new era of work. Limitless.
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TRK Group
VC Fund · 7 investments in Norway SaaS startups

An Oslo-based Advisory and Active Ownership Firm.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $620k–$2M; Pre-Seed $159k–$510k
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Relynk — Six AI agents that monitor, diagnose, and report on your buildings around the clock - built on your existing BMS data. Faults caught before tenants notice.
  • NoMy — Norwegian startup that researches and develops sustainable material and food solutions using mycelium
  • Travelin.ai — Business and Leisure travel no longer just exist in silos but are intertwined. Travelin.ai is the Next Generation Corporate Travel Management Platform which reflects the true way we live, work and travel.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 6 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, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 324
  • Round size: Seed $800k–$7M; Series A $3M–$24M; Series B $9M–$62M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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Viking Growth
VC Fund · Trondheim, Sor-Trondelag, Norway · 6 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, Information Technology, SaaS
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: Norway, Sweden, Denmark

Investor stats

  • Total investments: 48
  • Round size: Private Equity $12M–$19M; Venture - Series Unknown $3M–$26M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2021

Portfolio highlights

  • Ocius-X — Ocius-X provides construction management software for internet service providers and contractors to gather field data, track progress, and generate documentation for fiber network deployment.
  • EcoOnline — EcoOnline's easy-to-use software system is helping companies to transform their approach to health & safety, chemical safety, and learning data reporting.
  • Checkproof — CheckProof is the ideal tool for digitizing your work with preventive maintenance, quality and health & safety. Let’s secure value. Digitally.
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OBOS Forsikring
VC Fund · Oslo, Oslo, Norway · 6 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: 10
  • Round size: Seed $766k–$4M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Plaace — Plaace er en AI-drevet stedsintelligensplattform som leverer data og innsikt for enhver gate og by. Ta smartere lokasjonsbeslutninger.
  • 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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Boost VC
VC Fund · San Mateo, California, United States · 6 investments in Norway SaaS startups, 14 in the past 12 months

Boost VC: The Pre-Seed Fund Making Sci-FI a Reality. Investing in crypto, virtual reality, augmented reality, AI, Ocean Tech, Space Tech, human augmentation, exoskeletons and more.

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Investment focus

  • Industry: Software, Virtual Reality, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 448
  • Round size: Seed $195k–$6M; Pre-Seed $100k–$2.6M; Venture - Series Unknown $620k–$8.9M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely actively investing — fresh fund, raised $88M in 2025

Portfolio highlights

  • SkinBit — SkinBit is a healthtech company that develops AI-powered skin cancer detection, digital mapping, and health monitoring solutions.
  • heXem bio — heXem bio specializes in recording solutions for the early development of humans for longevity.
  • Elita — Store your dog's stem cells with Elita. One-time opportunity to protect their future health and avoid costly surgeries later in life.
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Construct Venture
VC Fund · Oslo, Oslo, Norway · 6 investments in Norway SaaS startups

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

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Norway, Spain

Investor stats

  • Total investments: 10
  • Round size: Seed $2.1M–$6.3M; Series A $10M–$25M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • 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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822 industries, 177 countries. Updated daily. Emails and phones included.

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Momentum
VC Fund · Bergen, Hordaland, Norway · 6 investments in Norway SaaS startups, 6 in the past 12 months

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 companies all 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: Software, Renewable Energy, Energy
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Norway, Finland, United Kingdom

Investor stats

  • Total investments: 18
  • Round size: Seed $401k–$4.2M; Series A $8M–$18M; Venture - Series Unknown $1.2M–$10M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $37M in 2025

Portfolio highlights

  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • RENTICY LIMITED — Renticy provides an e-commerce and point-of-sale platform that enables retailers to offer rental and try-before-you-buy options on existing stock. The company supports online and in-store channels through plugins, APIs, and QR-based tools that add rental terms, deposits, and flexible billing into existing checkout flows. Its system managesbookings, customer onboarding, identity checks, fraud screening, payments, deposits, and real-time inventory for short-term and flexible rental models. Renticy offers built-in rental protection that helps merchants handle damage, loss, and non-returns within defined coverage limits. It also supports OWNit, a try-before-you-buy flow where customers trial items before deciding to purchase. The platform is used across categories such as electronics, fashion, musical instruments, and other consumer goods.
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Stratel
VC Fund · Oslo, Oslo, Norway · 6 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: 11
  • Round size: Seed $320k–$3M; Pre-Seed $600k–$2M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Over Easy Solar — Prefabricated units with vertical bifacial solar panels for flat and green rooftops. The innovative photovoltaic solution from Over Easy Solar is unique, with quick and easy mounting for sedum roofs and flat roofs with low load-bearing capacity.
  • Inherit Carbon Solutions — Permanent carbon removal from organic waste, operational today. We capture biogenic CO2 and store it permanently under the North Sea.
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Murshid M. Ali
Angel · London, England, United Kingdom · 6 investments in Norway SaaS 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), and venture-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: 13
  • Round size: Seed $600k–$1.1M; Pre-Seed $300k–$1.5M
  • Lead/follow: 15% lead, 85% 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.
  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
  • Waved — We are changing the way people think of guest experience with technology that senses and elevates the ambience.
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OBOS Ventures
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway SaaS startups

OBOS Ventures is the corporate venture arm of OBOS, investing in bold founders and scalable technologies that shape the future of urban living. We back early-stage companies driving innovation in housing, sustainability, mobility, and community infrastructure—leveraging OBOS’ legacy and reach to accelerate impact.

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Investment focus

  • Industry: Artificial Intelligence, Software, Property Management
  • Stage:Seed, Pre-Seed
  • Geography: Norway, Denmark

Investor stats

  • Total investments: 6
  • Round size: Seed $2.5M–$4M; Pre-Seed $501k–$6.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Volve — AI for construction tendering: contract review, quantity take-off, scope review, bid development and offer comparison. Every finding traced to source.
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Digital Currency Group
VC Fund · Stamford, Connecticut, United States · 5 investments in Norway SaaS startups, 9 in the past 12 months

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, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 397
  • Round size: Seed $550k–$8.5M; Series A $3M–$48M; Venture - Series Unknown $1M–$114M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • AntSeed — AntSeed operates a peer-to-peer protocol and open marketplace for AI services, connecting buyers with independent providers for model inference, agents, and routing. The network uses BitTorrent DHT for discovery and WebRTC for transport, while payments settle in USDC on the Base blockchain through non-custodial smart contracts. Providers define their own services and pricing, and on-chain settlement data is used to build verifiable performance and reputation metrics. AntSeed exposes OpenAI- and Anthropic-compatible APIs via a local proxy so existing tools, frameworks, and autonomous agents can route requests through the network. For non-technical users, the AntStation desktop application offers a chat interface that selects providers based on factors such as model type, cost, latency, and privacy. The ecosystem also includes the ANTS utility token, which underpins emissions and incentive programs tied to real network activity.
  • Umia — Umia is an onchain venture-creation platform for token-native projects. It provides a legal wrapper, token minting, community fundraising through public token auctions, a noncustodial treasury, and governance through onchain “decision markets.”
  • SafeWorld — SafeWorld is a safety testing platform for companies deploying robots around people, helping them assess and improve the safety.
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Anne Worsoe
Angel · Oslo, Oslo, Norway · 5 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 scaled from 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, SaaS, Machine Learning
  • Stage:Pre-Seed, Angel
  • Geography: Norway, United States, Denmark

Investor stats

  • Total investments: 8
  • Round size: Pre-Seed $826k–$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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Level39
VC Fund · London, England, United Kingdom · 5 investments in Norway SaaS startups

Level39 is the world's most connected tech community, consisting of 1,250 leaders in cybersecurity, fintech and retail tech.

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Investment focus

  • Industry: Financial Services, Information Technology, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, Norway, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $400k–$1.5M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • HarnessDI — HarnessDI is your partner in driving ambitious technology initiatives with the use of enterprise cloud solutions and data intelligence. Helping your business embed lean-agile frameworks, operational efficiency and RPA.
  • Deposit Planet — Deposit Planet is a commission-free mobile app that puts the interest back into your savings.1) you can open a term deposit in the most trusted banks from many foreign markets and earn the most attractive interest rates across the globe (even up to 6% pa).2) your money will be protected by multiple national deposit guarantee schemes3) allforeign term deposits are denominated in GBP, EUR or USD so you will never incur exchange currency risk4) you can distribute your savings across different banks, countries, and continents in the blink of an eye5) you can close your term deposits at any time (don’t need to freeze your money for the long term)Everything Hassle-free. Paperless. Directly from your phone.
  • RequirementONE Group — Platform to streamline regulatory change and digitise business processes with confidence. Awarded as a RegTech 100, ESG 100 and AI 100 global technology leader. Requirement1, ReqOne, R1
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Founders Fund AS
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway SaaS startups

Founders Fund AS is a venture capital firm based in Oslo. Founders Fund AS offers investment management, advisory, and other related services. Founders Fund serves customers in Norway.

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Investment focus

  • Industry: Software, Information Technology, B2B
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Norway, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $160k–$729k
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Oivi — Smart and automated eye screening, anywhere.
  • Defigo — Defigo is a modern, convenient and user-friendly access control system, made with residential and commercial properties in mind. The Defigo system has been designed to manage property access, increase security and create an easier everyday life for tenants and property managers.
  • Vipicash — Vipicash is a financial services startup that locks cash into goods and services to eradicate corruption and mismanagement of funds sent to Africa, Asia and Latin America.
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 5 investments in Norway SaaS startups

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

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Investment focus

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

Investor stats

  • Total investments: 176
  • Round size: Series A $6M–$31M; Series B $2.8M–$126M; Venture - Series Unknown $3M–$32M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Mazama — Superhot rock geothermal, proven at 629 degrees F, with the potential to deliver gigawatt-scale, always-on power, anywhere.
  • Asperitas — Asperitas is a clean-tech company focused on greening the datacentre industry by introducing Immersed Computing. Since 2014 Asperitas has worked on validating and developing Immersed Computing® as a unique approach to the datacentre industry. Building on existing liquid immersion cooling technologies by adding integration of power and networkcomponents, improving cooling physics with a strong focus on design and engineering for usability, Asperitas has come up with a complete and integrated solution which can be effectively utilised in most, if not all situations.
  • Bumper — Split the cost of your car repairs and servicing into manageable monthly instalments with 0% interest. Fix it. Split it. Sorted.
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Johan Brand
Angel · Oslo, Oslo, Norway · 5 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: EdTech, Education, Software
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Norway, United States, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $1M–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ludenso — Ludenso turns publishers' textbooks into AI tutors and editorial tools, with citations back to the source page and no model training on your content.
  • Metric — Marketer is the AI growth platform that researches, creates, launches and improves your marketing. Used by 2,000+ businesses, with $500M+ in ad spend a year.
  • WeWillWrite — The social writing platform that sparks creativity and ignites the urge to write.
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Firda
VC Fund · Oslo, Oslo, Norway · 5 investments in Norway SaaS startups

Firda is an active investor and company builder focused on scaling innovative technology companies that are highly scalable and positively impact the world.

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Investment focus

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

Investor stats

  • Total investments: 11
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Shapemaker — Your new software for civil engineering design and analysis, starting off with telecommunication infrastructure.
  • Zerolytics — Zerolytics is building a data-driven platform to measure and monitor progress in reaching companies’ Net Zero targets. It was founded in 2022 and is based in Oslo, Norway.
  • 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.
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DTCP
VC Fund · Hamburg, Hamburg, Germany · 5 investments in Norway SaaS startups, 9 in the past 12 months

DTCP is an investment management firm focused on growth equity and digital infrastructure. Founded in 2015, the firm has raised more than $1 billion in funds from corporate and institutional investors and invested in over 60 companies. DTCP Growth invests in enterprise application and infrastructure software companies. DTCP Infra invests in mobileaccess, fiber, and data center infrastructure. DTCP is headquartered in Hamburg with offices in Menlo Park, Tel Aviv, and Seoul.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series C, Series B, Venture - Series Unknown
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 126
  • Round size: Series B $7.5M–$67M; Series C $10M–$177M; Venture - Series Unknown $2M–$31M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely actively investing — fresh fund, raised $58M in 2026

Portfolio highlights

  • Zenity — Zenity is the first and only governance and security platform for low-code/no-code applications. It creates a win-win environment where IT and information security can give business and pro developers the independence they want to move the business forward while retaining full visibility and control.
  • AppsFlyer — Unify measurement, deep linking, data collaboration, and AI across mobile, web, CTV, console and beyond. Make smarter decisions, optimize every channel, and prove impact with the platform built for modern marketing.
  • 6 Robotics OÜ — We exist to strengthen defence, protect nations, and deter conflict in an era defined by unmanned warfare.
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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:Venture - Series Unknown, Seed
  • Geography: Norway, United States

Investor stats

  • Total investments: 26
  • Round size: Venture - Series Unknown $686k–$5.9M
  • 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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Scale Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 5 investments in Norway SaaS startups

Scale Capital is an early-stage technology investor, helping Nordic, B2B, and tech founder teams scale and win in the US market.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown
  • Geography: Denmark, Norway, Germany

Investor stats

  • Total investments: 30
  • Round size: Seed $1M–$14M; Venture - Series Unknown $1.4M–$6.1M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $60M in 2022

Portfolio highlights

  • Sonair — Sonair is building ADAR, the world's first safety-certified 3D sensor for human-robot collaboration. The commercial product is available now. Reach out for a demo.
  • Pandektes — Search, verify, and rely on the law. Pandektes vast database combined with industry-leading search means more firepower in every legal analysis.
  • INLEAP Photonics — INLEAP Photonics develops ultra-fast, high-precision laser system technology for secure drone defence and highly efficient industrial processes.
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Skagerak Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 5 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: Manufacturing, SaaS, Software
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 9
  • Round size: Seed $1.9M–$2.5M; Series A $4.8M–$24M; Venture - Series Unknown $7.6M–$11M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Zaver — Zaver is the developer of a peer-to-peer payments network that facilitates trades among peers. The company's technology automatically generates verified digital agreements between parties and includes algorithms for intelligent fraud detection, allowing users to conduct peer-to-peer transactions with lower fraud risk.
  • Fronted — Fronted is a company that specialises in helping organisations scale by giving access to global talent in software development and related services.
  • Nanopower Semiconductor — Hompage Nanopower Semiconductor
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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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Nordic Makers
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Norway SaaS startups, 6 in the past 12 months

Nordic Makers invests in early-stage Nordic B2B software startups, offering capital and founder support to help them scale globally.

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Investment focus

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

Investor stats

  • Total investments: 50
  • Round size: Seed $460k–$4.6M; Pre-Seed $206k–$2.6M; Series A $2.3M–$16M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • AirDodge AS — AirDodge is a Norwegian based U-Space and UTM Solution Service Provider
  • Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
  • Good Tape — Good Tape provides an AI-driven transcription platform that converts audio and video files into text across more than 100 languages and dialects. The service offers features such as speaker identification, subtitle file downloads, and customizable export formats, including Word and SRT. Users can manage files through a secure vault, utilize team collaboration functions, and integrate transcription workflows via API. Good Tape processes data within the European Union and implements encryption protocols to protect user content.
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The Nordic Web Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Norway SaaS startups

Solo GP VC fund backing 50+ Nordic companies generating $400M+ in annual revenue.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 24
  • Round size: Seed $250k–$5M; Angel $300k–$465k; Pre-Seed $250k–$2M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely actively investing — fresh fund, raised $6M in 2025

Portfolio highlights

  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Aisel Health — Aisel Health provides AI that imitates psychiatrists for psychiatric clinics and hospitals to ensure efficient patient access to care.
  • Paraglide AI — Paraglide AI agents handle your financial inbox, automatically reply to invoice inquiries from clients, pursue past-due invoice payments, and customize collections at scale.
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Aidiom
VC Fund · Oslo, Oslo, Norway · 4 investments in Norway SaaS startups

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

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Investment focus

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

Investor stats

  • Total investments: 8
  • Round size: Seed $2.9M–$7M; Pre-Seed $590k–$1.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Volteum — Electric vehicle (EV) fleets made easy. Volteum helps companies transition to EVs, optimize charging, and manage electric car fleet operations efficiently.
  • Aevy — Turn your renewable asset documents into profitable decisions
  • Sun Store — Join sun.store, the go-to marketplace for solar installers and retailers. Discover opportunities from buying premium solar products to expanding your sales.
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SaaS Investor funding in Norway at a glance

Stats across 1.1k deals from 1k investors.

1k
investors
in Norway SaaS startups
1.1k
deals
in Norway SaaS startups
$1.6M
median round
in Norway SaaS startups
34%
lead investors
lead at least one round
26%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

Access all 1043 investors in Norway SaaS startups.

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