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Top 50 Sustainability Startup Investors in Norway (August 2026)

The most active venture capital funds and angel investors investing in Norway Sustainability startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Norway Sustainability startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Antler
VC Fund
12 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
ProVenture
VC Fund
9 Norway, United States, India Seed, Series A Software, Oil and Gas, Information Technology $744k–$5.6M
Momentum
VC Fund
7 Norway, Finland, United Kingdom Seed, Series A Renewable Energy, Energy, Manufacturing $401k–$18M
Investinor
VC Fund
6 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing $400k–$25M
Shell Ventures
VC Fund
5 United States, United Kingdom, India Series A, Series B Energy, Renewable Energy, Software $2.8M–$126M
Nysnø
VC Fund
4 Norway, United Kingdom Venture - Series Unknown, Series A Robotics, Software, Manufacturing $5M–$106M
SINTEF Venture AS
VC Fund
4 Norway, United States, United Kingdom Seed, Venture - Series Unknown Manufacturing, Information Technology, Software $160k–$17M
Speedinvest
VC Fund
4 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Financial Services $713k–$33M
Link Venture Capital
VC Fund
4 Norway, United Kingdom, The Netherlands Pre-Seed, Seed, Venture - Series Unknown Renewable Energy, Marine Technology, SaaS $400k–$4.3M
RunwayFBU
VC Fund
4 Norway, Italy, Sweden Pre-Seed, Seed SaaS, Software, Information Technology $538k–$6.2M
Amadeus
VC Fund
3 United States, Spain, Canada Series A, Venture - Series Unknown Software, Travel, SaaS $3M–$18M
Stratel
VC Fund
3 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, Series B Software, Artificial Intelligence, Information Technology $2M–$42M
Voyagers
VC Fund
3 Germany, United Kingdom, The Netherlands Seed, Pre-Seed, Convertible Note Manufacturing, Software, Renewable Energy $1M–$6.4M
Alliance VC
VC Fund
3 Norway, United States, Sweden Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $970k–$19M
Eviny Ventures
VC Fund
3 Norway, Sweden, Finland Seed, Venture - Series Unknown, Series A Software, Energy Storage, Renewable Energy $2.2M–$17M
Chris Murphy
Angel
3 United States, United Kingdom, Germany Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $450k–$35M
Singularity
VC Fund
3 Norway, Sweden, United States Pre-Seed, Convertible Note SaaS, Music, Solar $220k–$1.5M
Farvatn Venture
VC Fund
3 Norway, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Health Care $120k–$7.5M
Nordic Green Capital
VC Fund
2 Norway Pre-Seed Water, Big Data, Analytics $140k–$162k
NTE Marked
VC Fund
2 Norway Seed, Series A SaaS, Energy, Energy Efficiency
Saudi Aramco Energy Ventures
VC Fund
2 United States, Norway, United Kingdom Series B, Series C Energy, Oil and Gas, Software $4M–$110M
Azolla Ventures
VC Fund
2 United States, Norway, New Zealand Seed, Pre-Seed, Series A Energy, Biotechnology, Environmental Engineering $600k–$15M
Superorganism
VC Fund
2 United States, Norway, Sweden Seed, Pre-Seed, Series A Software, Machine Learning, Artificial Intelligence $2M–$8M
Sondo Capital
VC Fund
2 Norway, United States, Denmark Seed, Pre-Seed, Series A Software, Analytics, Real Time $600k–$16M
Johan Brand
Angel
2 Norway, United States, United Kingdom Seed, Series A EdTech, Education, Software $1M–$3.5M
Petter Stordalen
Angel
2 Norway Seed, Pre-Seed Apps, Energy, Customer Service
Christian Rokseth
Angel
2 Norway Seed, Pre-Seed Software, Electronics, Machine Learning $1.2M–$3.7M
VNV Global
VC Fund
2 United Kingdom, Sweden, Russian Federation Series B, Series A Health Care, E-Commerce, Marketplace $1M–$85M
Arkwright X
VC Fund
2 Norway, Sweden Seed, Pre-Seed, Series A Software, SaaS, Energy $93k–$15M
Loyal VC
VC Fund
2 United States, Canada, United Kingdom Pre-Seed, Seed Artificial Intelligence, Software, FinTech $30k–$2.5M
Rolf Ahlqvist
Angel
2 Norway Pre-Seed Water, Big Data, Analytics $140k–$162k
Wiski Capital
VC Fund
2 Norway, Sweden Seed, Pre-Seed Software, Energy, Renewable Energy $740k–$8.3M
Lyse Group
VC Fund
2 Norway Venture - Series Unknown, Seed, Series B SaaS, Water, Sensor $8.8M–$17M
Ferd
VC Fund
2 Norway, Sweden, United States Private Equity, Series A Software, Energy, Information Technology $2.2M–$14M
Patrik Berglund
Angel
2 Norway Seed, Angel, Pre-Seed Artificial Intelligence, SaaS, Software
Contrarian Ventures
VC Fund
2 Lithuania, United Kingdom, France Seed, Series A, Pre-Seed Software, Renewable Energy, Energy $55k–$23M
Lifeline Ventures
VC Fund
2 Finland, United States, United Kingdom Seed, Series A Software, Health Care, Artificial Intelligence $549k–$20M
Skyfall Ventures
VC Fund
2 Norway, Denmark, United States Seed, Pre-Seed Software, Artificial Intelligence, Information Technology $350k–$6.1M
Amadeus Ventures
VC Fund
2 United States, Spain, Canada Venture - Series Unknown, Seed, Series A Software, Travel, SaaS $6M–$18M
Murshid M. Ali
Angel
2 Norway, Sweden, Denmark Pre-Seed, Seed, Series A Financial Services, SaaS, Solar $300k–$1.5M
Vinyl Capital
VC Fund
2 United States, India, Canada Seed, Series A, Pre-Seed E-Commerce, Software, SaaS $96k–$25M
Aidiom
VC Fund
2 Norway, Hungary, Czech Republic Seed, Pre-Seed, Series A Software, Solar, Industrial $590k–$7M
Valinor AS
VC Fund
2 Norway, United Kingdom Seed, Series A Energy, Robotics, Software $1.8M–$3.1M
Luminar Ventures
VC Fund
2 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
Burnt Island Ventures
VC Fund
2 United States, United Kingdom, Norway Series A, Seed, Series B Water, Software, Information Technology $300k–$23M
Climentum Capital
VC Fund
2 Sweden, Germany, Norway Seed, Series A, Series B CleanTech, Energy, Clean Energy $2.1M–$16M
Statkraft Ventures
VC Fund
2 Norway, France, Germany Series B, Series A, Seed Energy, Renewable Energy, Big Data $1.9M–$115M
Bentley iTwin Ventures
VC Fund
2 United States, Canada, Norway Seed, Series A Software, SaaS, Artificial Intelligence $1.2M–$18M
Hafslund Venture
VC Fund
2 Norway, Sweden Seed, Pre-Seed, Series B Solar, Sensor, Software
Access all 357 investors in Norway Sustainability 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 · 12 investments in Norway Sustainability 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: 2216
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • Praktiki — Praktiki is building the "Decision Layer" for medicine.While medical knowledge doubles every 73 days, frontline clinicians struggle to translate guidelines into practice. Current AI search tools excel at surfacing public data from clinical trials, but fail to capture "how" experts apply that evidence in real-world scenarios.Praktiki fills this gap. We utilise an AI Agentic Creator Engine to capture tacit specialist reasoning and fuse it with public evidence. This feeds a proprietary Expert Knowledge Graph that powers: 1) Microlearning: Case-based modules created 10x faster and which are 170% more effective than traditional education 2) AI Expert Guidance: Real-time decision support synthesising evidence with expert implementation strategies.2025 Traction - our MVP proved that solving the expertise gap drives high engagement: - Registered >10% of UK GPs - 60,000+ modules completed with an 85% completion rate - 51% month-over-month growth - Market-leading NPS of 83We are building a compounding data moat to expand beyond education into clinical intelligence and healthcare data solutions.
  • Mast — Mast is the cloud-native, fully configurable loan origination platform empowering lenders to process applications faster and smarter. We make lending better, smoother and faster.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
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ProVenture
VC Fund · Trondheim, Sor-Trondelag, Norway · 9 investments in Norway Sustainability 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: 40
  • Round size: Seed $744k–$3.7M; Series A $4.9M–$5.6M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • 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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Momentum
VC Fund · Bergen, Hordaland, Norway · 7 investments in Norway Sustainability 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: 16
  • Round size: Seed $401k–$4.2M; Series A $8M–$18M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • 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
  • 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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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 6 investments in Norway Sustainability 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: 123
  • Round size: Seed $400k–$3.6M; 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 — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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Shell Ventures
VC Fund · Rijswijk, Zuid-Holland, The Netherlands · 5 investments in Norway Sustainability startups

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

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Investment focus

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

Investor stats

  • Total investments: 166
  • Round size: Series A $6M–$31M; Series B $2.8M–$126M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • 2-B Energy — The perfect wind turbine for offshore floaters or floating platforms
  • Orb Energy — Orb Energy is a vertically integrated solar company that manufactures solar panels, design, install, and services complete system, and finance C&I customers.
  • Airborne Oil & Gas — Airborne Oil & Gas (AOG) has developed a range of Thermoplastic Composite Pipe (TCP) products that offer unique benefits for offshore oil & gas operations. The thermoplastic composite pipes are corrosion-free, lightweight and spoolable, and can be deployed in the most demanding offshore and subsea applications. These intrinsic propertiesenable a step-change in offshore and subsea operations, with a 30 – 50% capex saving, and even higher opex savings. \r\n\r\nThe pipes are non-metallic, which eliminates the need for expensive corrosion prevention and inspection measures. This enhances reliability and safety while significantly reducing operational expenditure, particularly for Flowlines. The spoolable composite pipes can be installed significantly faster and with simpler vessels than traditional steel-based pipes. \r\n\r\nThe AOG headquarter and manufacturing facility is based in IJmuiden (Port of Amsterdam), the Netherlands and has regional sales offices in major oil & gas hubs in Asia and the US. AOG has 90 employees.
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Nysnø
VC Fund · Stavanger, Rogaland, Norway · 4 investments in Norway Sustainability startups, 8 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
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 35
  • Round size: Series A $5M–$40M; Venture - Series Unknown $10M–$106M
  • 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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SINTEF Venture AS
VC Fund · Trondheim, Sor-Trondelag, Norway · 4 investments in Norway Sustainability 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 $1.6M–$17M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $51M in 2018

Portfolio highlights

  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • 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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Speedinvest
VC Fund · Vienna, Wien, Austria · 4 investments in Norway Sustainability 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: 603
  • Round size: Seed $1M–$8M; Pre-Seed $713k–$3.8M; Series A $4.1M–$33M
  • Lead/follow: 41% lead, 59% 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!
  • Facility — Flexkeeping is a Hotel Operations Platform designed to help teams automate and collaborate like never before.
  • Polaron — Material Design. Supercharged with AI.
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RunwayFBU
VC Fund · Fornebu, Akershus, Norway · 4 investments in Norway Sustainability 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: 28
  • Round size: Seed $970k–$6.2M; Pre-Seed $538k–$2M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $33M in 2021

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Sonair — Make your robot safe, affordable, and efficient with the Sonair 3D ultrasonic sensor.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
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Access 48,091 investors

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

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Amadeus
VC Fund · Madrid, Madrid, Spain · 3 investments in Norway Sustainability startups

Discover how Amadeus' platform and technology help airlines, travel agencies, hotels and others connect, do business, and deliver better travel experiences.

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Investment focus

  • Industry: Software, Travel, SaaS
  • Stage:Series A, Venture - Series Unknown
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 13
  • Round size: Series A $6M–$18M; Venture - Series Unknown $3M–$3M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Chooose — Accelerate your sustainable aviation fuel program with Chooose's software. Manage, report on, and scale your SAF initiatives effectively. Learn more!
  • Eccocar — Launch, operate and scale your digital shared mobility services. Technology that takes mobility to the next level!
  • Acai Travel — An all-in-one solution to enable your agents be twice as efficient, to optimize your call centers, and gain your customers' trust
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Stratel
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Sustainability 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: 9
  • Round size: Seed $320k–$3M; Pre-Seed $1.3M–$2M
  • Lead/follow: 11% lead, 89% 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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Blue Bear Capital
VC Fund · Beverly Hills, California, United States · 3 investments in Norway Sustainability startups

Discover AI Energy Venture Capital Fund with Blue Bear Capital investing in AI powered solutions for sustainable energy.

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Investment focus

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

Investor stats

  • Total investments: 82
  • Round size: Seed $2M–$6.5M; Series A $5.5M–$16M; Series B $5.6M–$42M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Korial — Energy Robotics provides an end-to-end solution for autonomous robotic inspection in capital-intensive industries such as oil & gas, chemical and energy.
  • Demex — The Demex Group is a technology company that customizes and delivers climate-resilience through financial risk solutions on a global scale.
  • Lastwall — Lastwall exists to protect democratic institutions by strengthening the cybersecurity posture of defense and critical infrastructure partners.
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Voyagers
VC Fund · London, England, United Kingdom · 3 investments in Norway Sustainability startups

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

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Seed $2.3M–$6.4M; Pre-Seed $1M–$2.5M; Convertible Note $3.5M–$5M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Ecair — Ecair provides software for indoor air quality and energy management. The platform aggregates data from connected sensors to track pollutants, CO2, humidity, temperature, and particulate matter in real time. Dashboards, alerts, and APIs support building operations, facility managers, and ESG teams. Algorithms estimate exposure, flag ventilationissues, and suggest HVAC adjustments to balance comfort, health, and energy use. Reporting tools support certifications and compliance, and data exports integrate with BMS, CMMS, and data warehouses. Services include device provisioning, calibration management, and analytics consulting for multi-site portfolios.
  • Ark Climate — Ark Climate is a climate-tech company that develops software to support municipal climate protection planning and execution.
  • Crosstown H2R — Industrial-grade hydrogen burner technology for decarbonisation. 95% emission reduction, retrofittable design, sub-15ppm NOx compliance.
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Alliance VC
VC Fund · Oslo, Oslo, Norway · 3 investments in Norway Sustainability startups, 6 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: 84
  • Round size: Seed $1.3M–$5M; Pre-Seed $970k–$4M; Series A $1.8M–$19M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Newcode.ai
  • 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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Eviny Ventures
VC Fund · Bergen, Hordaland, Norway · 3 investments in Norway Sustainability startups

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

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Investment focus

  • Industry: Software, Energy Storage, Renewable Energy
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Norway, Sweden, Finland

Investor stats

  • Total investments: 12
  • Round size: Seed $2.2M–$5.8M; Venture - Series Unknown $7.5M–$17M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Engrate — Engrate is the AI-native energy connectivity platform that integrates trading markets, grid systems, and energy data. We eliminate 90% of integration development time, letting you focus on building core value instead of connectivity.
  • Skyfora — Skyfora delivers sub-kilometer insights, nowcasts, and probabilistic forecasts so your teams can plan with confidence, no matter the weather.
  • Photoncycle — The year-round solar energy system for heating and electricity
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Chris Murphy
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Norway Sustainability 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, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 65
  • Round size: Seed $1.8M–$10M; Pre-Seed $450k–$3.4M; Series A $7.5M–$35M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jack & Jill AI — Jack helps candidates find the perfect job and Jill helps companies find the perfect candidate.
  • 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.
  • Jentic — The sovereign operating layer for enterprise AI agents. Connect agents to any API with scoped access, runtime credential injection, and full audit. Open, self-hosted, no lock-in.
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Singularity
VC Fund · 3 investments in Norway Sustainability startups

Luxembourg-based family office

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Investment focus

  • Industry: SaaS, Music, Solar
  • Stage:Pre-Seed, Convertible Note
  • Geography: Norway, Sweden, United States

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $220k–$1.5M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Skyfri — The most advanced operating platform for solar assets - maximizing production and reducing cost.
  • Baase AB — Baase AB is a banking-as-a-service provider linking Banks and Brands together. Baase empower brands with financial services and connect banks with new customers.
  • Museverse — Museverse is an immersive XR platform that transforms music education and creativity with interactive AI-driven experiences.
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Farvatn Venture
VC Fund · 3 investments in Norway Sustainability 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: 59
  • Round size: Seed $1M–$7.5M; 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.
  • Noteless — Noteless develops an AI-powered platform that converts doctor-patient conversations into structured medical notes. This tool is designed to streamline documentation processes for healthcare professionals, allowing them to focus more on patient care. The platform supports various specialties, including general practitioners, physiotherapists, andpsychologists, and is available in multiple languages such as English, German, Spanish, French, Dutch, Norwegian, and Danish. It ensures data privacy by not storing audio recordings or using patient data for model training, adhering to GDPR compliance. Healthcare providers can integrate the platform into their existing systems, aiming to reduce administrative burdens and enhance workflow efficiency.
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Nordic Green Capital
VC Fund · Kristiansand, Vest-Agder, Norway · 2 investments in Norway Sustainability startups

We put relentless effort in creating smarter sustainable solutions for all.

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Investment focus

  • Industry: Water, Big Data, Analytics
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $140k–$162k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Intoto — River and coastal risk management to protect assets, people and the environment.
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NTE Marked
VC Fund · 2 investments in Norway Sustainability startups

Electricity Retailer

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Investment focus

  • Industry: SaaS, Energy, Energy Efficiency
  • Stage:Seed, Series A
  • Geography: Norway

Investor stats

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

Portfolio highlights

  • Hark Technologies — Hark Technologies is a technology company that develops smart energy optimization solutions for households and commercial buildings.
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Saudi Aramco Energy Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 2 investments in Norway Sustainability 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: 86
  • Round size: Series B $4M–$50M; Series C $4M–$110M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $500M in 2020

Portfolio highlights

  • Seeq — Seeq Corporation develops software and services that accelerate industrial process analytics on industrial process data.
  • Novomer — Novomer is a new materials company pioneering a family of competitively priced high-performance green plastics, polymers and other chemicals. With proprietary catalytic technology and a world-class scientific team, Novomer's groundbreaking technology allows carbon dioxide and other renewable materials to be cost-effectively transformed intopolymers, plastics and other chemicals for a wide variety of industrial markets.It was founded in 2004 and headquartered in Waltham, Massachusetts.
  • 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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Azolla Ventures
VC Fund · Cambridge, Massachusetts, United States · 2 investments in Norway Sustainability startups

Azolla Ventures invests in breakthroughs that could avert catastrophic climate change. We partner with visionary founders for solutions.

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Investment focus

  • Industry: Energy, Biotechnology, Environmental Engineering
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Norway, New Zealand

Investor stats

  • Total investments: 19
  • Round size: Seed $3M–$12M; Pre-Seed $600k–$4.3M; Series A $6.8M–$15M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Scalvy — Scalvy is a distributed power delivery company that develops modular power electronics and energy systems that enable distributed power delivery for applications such as data centers, energy storage, and electric mobility. The company replaces traditional centralized power architectures with a distributed system of “power neurons,” which convertand manage electricity closer to the point of use, improving efficiency, scalability, and system reliability. Its platform is built on software-defined, modular components that can be scaled across different power levels and use cases, allowing flexible deployment in high-demand environments. These systems support high-voltage output ranges and deliver high power density while reducing the physical footprint and complexity of conventional power infrastructure.
  • Eqon — Revolutionary heat management with up to 80% lower consumption. EQON provides smart solutions for energy, smart cities, and offshore.
  • FAST Metals — FAST Metals is focused on developing innovative methods for the recovery and production of a range of valuable metals, including iron, aluminum, scandium, titanium, and rare earth elements.
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Superorganism
VC Fund · New York, New York, United States · 2 investments in Norway Sustainability startups

Superorganism is a venture fund for biodiversity.

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Investment focus

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

Investor stats

  • Total investments: 13
  • Round size: Seed $3.4M–$8M; Pre-Seed $2M–$2M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Cecil — From nature-based offset projects to biodiversity inventories, we simplify natural asset management for project developers, intermediaries, asset managers and investors.
  • Deep Forestry — Deep Forestry AB specializes in developing autonomous survey drones equipped with 3D AI technology. These drones are designed to navigate through forests and agricultural plantations, scanning individual trees to measure biodiversity and gather detailed data. The company focuses on leveraging deep-tech solutions in 3D AI, autonomous robotics, andcomputer vision to enhance forest management and agricultural practices.
  • Orbital Sentry — Orbital Sentry delivers real-time wildfire detection and continuous geostationary monitoring to protect communities, reduce losses, and power next-generation risk intelligence. Our persistent infrared data helps insurers, governments, and first responders act faster and build true climate resilience
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Sondo Capital
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Sustainability 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: 19
  • Round size: Seed $2.1M–$5.1M; Pre-Seed $600k–$2M; Series A $11M–$16M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Mimir — Mimir is designed around one goal: eliminate manual customer service work. By integrating with your complete ecom stack, Mimir resolves even the most complex inquiries you spend hours per week on, today.
  • 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.
  • 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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Johan Brand
Angel · Oslo, Oslo, Norway · 2 investments in Norway Sustainability 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, 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

  • 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.
  • Metric — Metric develops AI-driven tools for automating digital advertising. Its platform, which primarily serves Shopify-powered e-commerce companies, is made to handle campaign creation, budget distribution, and performance optimization across Meta and Google.
  • WeWillWrite — The social writing platform that sparks creativity and ignites the urge to write
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Petter Stordalen
Angel · Oslo, Oslo, Norway · 2 investments in Norway Sustainability startups

Petter Stordalen

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Investment focus

  • Industry: Apps, Energy, Customer Service
  • Stage:Seed, Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 4
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Tibber — Tibber is a digital electricity supplier that offers smart solutions to minimize their customers’ consumption and costs. Its vision is to make sustainable energy consumption simple and affordable for all households. Tibber's mission is to reduce the residential electricity consumption for European households by 20 %. Founded in Norway andSweden in 2016, the company has expanded its offer to Sweden and Germany where it powers hundreds of thousands of homes. Tibber replaces traditional utilities with smart technology, supplying its customers with renewable energy at fair and transparent prices. In addition, its app provides real-time analytics into energy usage, and pairs with a variety of smart home devices to reduce electricity consumption at home. The company sells tech-gadgets in their online store and recently was licensed to balance the main power grid in Sweden with EVs.
  • Tjommi — B2C app helping customers get money back from price drops
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Christian Rokseth
Angel · Stavanger, Rogaland, Norway · 2 investments in Norway Sustainability 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.
  • 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.
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VNV Global
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Norway Sustainability startups

VNV Global is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The common shares of VNV Global are listed onNasdaq Stockholm, Mid Cap segment, with the ticker VNV.

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Investment focus

  • Industry: Health Care, E-Commerce, Marketplace
  • Stage:Series B, Series A
  • Geography: United Kingdom, Sweden, Russian Federation

Investor stats

  • Total investments: 96
  • Round size: Series A $1M–$30M; Series B $5M–$85M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • YUV — The world's first smart hair colour lab for salons and freelancers.
  • All3 — All3 uses AI and robotics to design, manufacture, and assemble buildings through a unified system. The company provides an end-to-end system that combines AI-driven architectural design, robotic off-site manufacturing, and automated on-site assembly for residential and commercial structures. Its platform enables customized building components to beproduced and assembled with software-controlled workflows, reducing reliance on manual processes and fragmented supply chains.All3 also offers vertically integrated services that cover planning, engineering, fabrication, and construction delivery, allowing developers to manage projects within a single system. Its technology supports complex building designs and constrained urban sites by adapting production and assembly processes to specific project requirements.
  • VOI Technology — Voi is a micromobility company operating e-bikes and e-scooters in 150+ cities. EBIT-profitable since 2024.
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Arkwright X
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Sustainability 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–$5.8M; Pre-Seed $93k–$2.8M; Series A $4.8M–$15M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Soolv — Automated screening that reads every application, surfaces real potential early, and gives you a consistent shortlist in minutes
  • 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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Loyal VC
VC Fund · Toronto, Ontario, Canada · 2 investments in Norway Sustainability startups, 6 in the past 12 months

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, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 164
  • Round size: Seed $142k–$2.5M; Pre-Seed $30k–$1.2M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Dehurdle — Scale employee communication skills with real-time AI voice simulations, objection handling drills, and vocal analytics.
  • Vireo Capital — AI-powered portfolio monitoring, due diligence and reporting for mid-cap private equity and impact funds.
  • Hyperbond Studio — Hyperbond Studio builds AI-driven games and interactive experiences, including the Call Me Sensei app. We combine technology and emotion to create unforgettable digital worlds.
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Rolf Ahlqvist
Angel · Stavanger, Rogaland, Norway · 2 investments in Norway Sustainability startups

Rolf Ahlqvist

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Investment focus

  • Industry: Water, Big Data, Analytics
  • Stage:Pre-Seed
  • Geography: Norway

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $140k–$162k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Intoto — River and coastal risk management to protect assets, people and the environment.
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Wiski Capital
VC Fund · Trondheim, Sor-Trondelag, Norway · 2 investments in Norway Sustainability 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–$8.3M
  • 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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Lyse Group
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Sustainability startups

Lyse er et norsk energi- og telekomkonsern som leverer produkter under merkevarene Altibox, ice og Lyse.

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Investment focus

  • Industry: SaaS, Water, Sensor
  • Stage:Venture - Series Unknown, Seed, Series B
  • Geography: Norway

Investor stats

  • Total investments: 7
  • Round size: Venture - Series Unknown $8.8M–$17M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • InfoTiles — InfoTiles provides real-time analytics solutions for Digital Water that span the water value chain, from supply & consumption to wastewater treatment and surveillance of waterways. InfoTiles unlocks data-driven planning, operations and maintenance.InfoTiles simplifies and automates the tedious steps of consolidating data, applying real-timeanalytics and machine learning so water utilities can turn insights into actions and benefit from more efficient, sustainable operations.
  • Amina Charging — Amina Charging develops high-quality and easy-to-use chargers for the mass market.
  • Heimdall Power — Heimdall Power helps utilities optimize the power grid with state-of-the-art sensors and software, enabling real-time capacity management and situational awareness for a more efficient and reliable energy system.
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Ferd
VC Fund · Lysaker, Akershus, Norway · 2 investments in Norway Sustainability startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • wheel.me — The first and only autonomous wheel in the world. The innovation transforms anything into an autonomous mobile robot with minimal effort and without the need to alter its design or form. The company was founded in 2013 and is headquartered in Oslo, Norway.
  • Nofence — Manage your livestock from anywhere with GPS collars and a simple app. Unlock more acres, cut fencing costs, and run your operation on your terms.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
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Patrik Berglund
Angel · Oslo, Oslo, Norway · 2 investments in Norway Sustainability startups

Patrik Berglund is based out of Oslo, Oslo, and is the CEO & co-founder of Xeneta AS. Patrik previously worked at Nordilog AS as a partner & co-founder. Patrik Berglund attended the BI Norwegian Business School. Patrik Berglund has been awarded the prestigious Lloyd's List Next Generation in Shipping award.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Spoor — Spoor's software uses advanced computer vision and AI to detect, track, and classify birds at wind farms
  • Deckmatch — Tooling to drink from the firehose of data, that is your top of funnel (TOFU)
  • Zendera AS — We streamline your operations, give your employees easy tools to do their job and give you insight into your transport.
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Norway Sustainability startups

We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel

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Investment focus

  • Industry: Software, Renewable Energy, Energy
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, United Kingdom, France

Investor stats

  • Total investments: 56
  • Round size: Seed $274k–$8M; Pre-Seed $55k–$4M; Series A $1.7M–$23M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Fusebox Energy — Fusebox is a bridge between consumers and energy markets to save on energy costs and reduce CO2.
  • Inion software — EMS, Power Plant Control and Cybersecurity solutions for solar, wind and battery storage projects.Discover our performance-boosting monitoring systems. It
  • Thrust — Intelligent UAV Systems for Aerial Diagnostics Services
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Lifeline Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Norway Sustainability startups

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

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 196
  • Round size: Seed $549k–$5.4M; Series A $2.8M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $171M in 2023

Portfolio highlights

  • Thor Dynamics — Directed Energy Systems for Counter-Drone Defense
  • Everywear Games — Metacore is a wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s games are consistently on top ofglobal charts.
  • Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
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Skyfall Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Sustainability 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
  • Geography: Norway, Denmark, United States

Investor stats

  • Total investments: 64
  • Round size: Seed $1.2M–$6.1M; Pre-Seed $350k–$3.3M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised 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 — The New Era of Autonomous Cybersecurity
  • 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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Amadeus Ventures
VC Fund · Madrid, Madrid, Spain · 2 investments in Norway Sustainability startups

Explore Amadeus Ventures for cutting-edge innovations in travel. Discover groundbreaking startups and technologies shaping the future of the travel industry.

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Investment focus

  • Industry: Software, Travel, SaaS
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 10
  • Round size: Series A $6M–$18M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Busbud — Travel the world by bus. Compare and easily book bus tickets from thousands of bus companies for your next destination with Busbud.
  • Chooose — Accelerate your sustainable aviation fuel program with Chooose's software. Manage, report on, and scale your SAF initiatives effectively. Learn more!
  • Eccocar — Launch, operate and scale your digital shared mobility services. Technology that takes mobility to the next level!
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Murshid M. Ali
Angel · London, England, United Kingdom · 2 investments in Norway Sustainability startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Monetor — Reducing corporate currency risk and protecting the bottom line
  • Factiverse — AI-powered fact-checking solutions tailored to media and finance that accelerate research, access credible sources, and protect organizational reputations.
  • Huddlestock — Huddlestock is an award-winning Fintech company listed on the Oslo Stock Exchange (OSE:HUDL), and regulated as a financial services firm by BaFIN through its fully-owned German subsidiary Huddlestock Systems GmbH. The company has offices in Copenhagen, Oslo, Stockholm, Munich, Stavanger and Kuala Lumpur. Huddlestock has more than thirty employees,and provides cutting edge technology and products to the financial industry, with large industrial clients like BNP Paribas, Baader Bank, AVL Group and more. In 2021 Huddlestock will launch a B2C platform in Malaysia in collaboration with MHX Group, under its own brand. The company is a spin-off from the University of Stavanger, one of the largest Universities in Norway.
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Vinyl Capital
VC Fund · Boston, Massachusetts, United States · 2 investments in Norway Sustainability startups

Investing in the future of how people buy stuff.

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Investment focus

  • Industry: E-Commerce, Software, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 32
  • Round size: Seed $1.5M–$8M; Pre-Seed $96k–$3.9M; Series A $5.3M–$25M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2021

Portfolio highlights

  • Sequen — Sequen is user behavior by design.
  • Taxwire — Save time, money, and headache on global sales tax compliance.
  • Drivepoint — Drivepoint (formerly Bainbridge) is the strategic finance platform for scaling consumer brands.
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Aidiom
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Sustainability 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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Valinor AS
VC Fund · Stavanger, Rogaland, Norway · 2 investments in Norway Sustainability 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: Energy, Robotics, Software
  • Stage:Seed, Series A
  • Geography: Norway, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$3.1M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Aivero — Orvue is launching the world's first single-use, robot-assisted laparoscope. Surgeon-controlled camera with robotic precision for enhanced surgical efficiency.
  • Heaten — HeatBooster - Patented high-temperature heat pump technology reducing the reliance on fossil fuels by creating reusable energy.
  • Sensonomic — Sensonomic helps you improve your land-based decisions by building digital versions of your operations. Test the outcome of your decisions before implementation.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Norway Sustainability startups

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

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Investment focus

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

Investor stats

  • Total investments: 67
  • Round size: Seed $960k–$5.4M; Series A $8.3M–$21M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Ivy Interactive — Frictionless Coding with AI
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Burnt Island Ventures
VC Fund · San Francisco, California, United States · 2 investments in Norway Sustainability startups

Burnt Island Ventures is a pre-eminent early-stage venture fund for water entrepreneurs. Burnt Island Ventures exists to find, fund and support the best of these founders.

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Investment focus

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

Investor stats

  • Total investments: 30
  • Round size: Seed $300k–$15M; Series A $4M–$23M; Series B $4.2M–$15M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Flocean — Flocean delivers sustainable subsea desalination, providing industrial-scale freshwater as global water demand outpaces supply by 2030.
  • Biota — Biota is a data science company that offers wastewater testing, monitoring and tracking of sources of pollutants, and analytical solutions.
  • CREW Carbon — CREW provides wastewater treatment facilities with a process intensification solution that improves performance, lowers costs, and permanently removes greenhouse gasses.
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Climentum Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Norway Sustainability startups

A Venture Capital firm investing into European early-stage tech companies attacking CO2 emissions

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Investment focus

  • Industry: CleanTech, Energy, Clean Energy
  • Stage:Seed, Series A, Series B
  • Geography: Sweden, Germany, Norway

Investor stats

  • Total investments: 24
  • Round size: Seed $2.1M–$6M; Series A $5M–$16M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $176M in 2022

Portfolio highlights

  • Eqon — Revolutionary heat management with up to 80% lower consumption. EQON provides smart solutions for energy, smart cities, and offshore.
  • One.Five — Grow your strategic edge with AI-generated solutions that deliver the ultimate packaging performance, affordability & sustainability
  • Nature Robots — Nature Robots develops modular autonomy software and hardware for AI-powered, GNSS-independent autonomous farming in complex environments like forests, vineyards, and regenerative farms. Their Lero robots perform tasks such as weeding, seeding, and monitoring with 3D mapping and automatic tool changes. Nature Robots’ solutions enable profitable,sustainable, and bio-intensive agriculture, supporting biodiversity, soil health, and small-scale farming through robust, long-term autonomous navigation and plant monitoring
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Statkraft Ventures
VC Fund · Düsseldorf, Nordrhein-Westfalen, Germany · 2 investments in Norway Sustainability startups

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

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Investment focus

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

Investor stats

  • Total investments: 50
  • Round size: Seed $1.9M–$4.7M; Series A $3.2M–$17M; Series B $8.5M–$115M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • DEPsys — Our advanced smart grid solutions and insights empower electricity DSOs and simplify their journeys through the energy transition.
  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
  • Electra.aero — Electra is a next-gen aerospace company devoted to sustainable urban & regional air mobility led by industry pioneer Dr. John Langford.
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Bentley iTwin Ventures
VC Fund · Exton, Pennsylvania, United States · 2 investments in Norway Sustainability startups

The Bentley iTwin Ventures is a $100 million corporate venture capital fund that fosters innovation by co-investing in startups and emerging companies that are strategically relevant to Bentley Systems’ objective of advancing infrastructure through going digital. The fund prioritizes seed to series B investments in transformational digital twinsolutions supporting the design, simulation, construction, or physical infrastructure operations.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United States, Canada, Norway

Investor stats

  • Total investments: 16
  • Round size: Seed $1.2M–$5.2M; Series A $14M–$18M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • AERO AI — Transform geospatial data into immersive 3D experiences with AERO AI's SiEGA platform. Explore drone imagery, BIM models, LiDAR, and GIS data in a unified environment.
  • SurplusMap — SurplusMap gives charge point operators, retailers, and investors EV charging market intelligence across Europe, including utilization data, demand forecasting, and site scoring to make better network decisions.
  • Overstory — Overstory combines AI and advanced satellite imagery to help electric utilities pinpoint and prioritize vegetation risks before they materialize. With Overstory's vegetation intelligence, transmission and distribution operators can make smarter decisions about the vegetation around their power corridors, optimizing resources and improvingoperational efficiency. This helps prevent outages, reduce wildfire risks, and accelerate the transition to a safer, more resilient grid.
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Hafslund Venture
VC Fund · Oslo, Oslo, Norway · 2 investments in Norway Sustainability startups

Hafslund Venture is the Group’s investment and development company for targeted areas closely related to Hafslund’s business activities. The investments in Renewable Energy Corporation (REC) contributed significantly to Hafslund’s value growth in 2005.The primary focus of Hafslund Venture is on companies within renewable energy andenergy-related services and technology. Small- and medium-sized companies with good value growth potential are identified – from companies in their early phases, so-called early venture, to more established corporations with commercialized products and services.

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Investment focus

  • Industry: Solar, Sensor, Software
  • Stage:Seed, Pre-Seed, Series B
  • Geography: Norway, Sweden

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GLO — glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who haspublished more than 500 papers related to this technology.glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications.glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications.glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized.glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.
  • Heimdall Power — Heimdall Power helps utilities optimize the power grid with state-of-the-art sensors and software, enabling real-time capacity management and situational awareness for a more efficient and reliable energy system.
  • 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.
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Sustainability Investor funding in Norway at a glance

Stats across 302 deals from 357 investors.

357
investors
in Norway Sustainability startups
302
deals
in Norway Sustainability startups
$5.3M
median round
in Norway Sustainability startups
47%
lead investors
lead at least one round
15%
Seed
most common funding stage
88/12
VC / Angel
share of investor count

Access all 357 investors in Norway Sustainability startups.

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