Top 12 Venture Capital Firms in Norway in 2024

The venture capital ecosystem in Norway has undergone major growth over the last decade.

In this article, you will find some of the top venture capital firms in Norway investing across various sectors and industries.

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11 Venture Capital Firms in Norway

1) SNÖ Ventures

SNÖ Ventures invests in early-stage tech companies throughout the Nordic region.

Details of the VC firm:

• Country: Norway
• City: Oslo
• Started in: 2015
• Founders: Magne Uppman, Teodor Bjerrang
• Industries: AI & ML, Fintech, Enterprise, Crypto & Blockchain, Gaming, SaaS
• Stages: Pre-Seed, Seed
• Minimum check size: €600,000
• Maximum check size: €5,000,000
• Number of investments: 26
• Number of Exits: 
• Funds raised: €112,000,000
• 3 remarkable investments: Ignite, Speechly, Inzpire.me

You can find their website here.

You can send them an email athello@sno.vc.

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2) Alliance VC

Alliance Venture Capital invests in early-stage tech companies and purpose-driven founders with global ambitions.

Details of the VC firm:

• Country: Norway, Sweden, Finland
• City: Oslo, Stockholm, Helsinki
• Started in: 2013
• Founders: Stine Mølgaard Sørensen
• Industries: AI & ML, Fintech, Enterprise, SaaS, Consumer, Marketplace, Media, E-Commerce, Social, Health
• Stages: Pre-Seed, Seed
• Number of investments: 58
• Number of Exits: 15
• Funds raised: €145,396,087
• 3 remarkable investments: Megacool, Capnia, Tific

You can find their website here.

You can send them an email info@allianceventure.com.

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3) Skyfall Ventures

Skyfall Ventures is a Nordic seed-stage VC firm investing in tech companies.

Details of the VC firm:

• Country: Norway
• City: Oslo
• Started in: 2016
• Founders: Jon Kåre Stene
• Industries: AI & ML, Fintech, Enterprise, SaaS, Consumer
• Stages: Pre-Seed, Seed
• Minimum check size: kr 5,000,000
• Maximum check size: kr 320,000,000
• Number of investments: 39
• Number of Exits: 4
• Funds raised: kr 320,000,000
• 3 remarkable investments: Oda, Nansen, Firi

You can find their website here.

You can send them an email cecilie@skyfall.vc.

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4) Antler

Antler is a venture capital firm providing early-stage investments and global residency programs to support founders worldwide.

Details of the VC firm:

• Country: Singapore, Germany, Netherlands, Denmark, Portugal, United Kingdom, Spain, Norway, France, Sweden, Australia, India, Vietnam, Indonesia, South Korea, Japan, USA, Canada, Kenya
• City: Berlin, Amsterdam, Copenhagen, Lisbon, London, Madrid, Oslo, Stockholm, Paris, Bangalore, Ho Chi Minh City, Jakarta, Seoul, Tokyo, Austin, Boulder, New York, São Paulo, Toronto, Nairobi, Sydney
• Started in: 2017
• Founders: Magnus Grimeland,Fridtjof Berge, Dilan Mizrakli Landgraff, Vegard Medbo, Jussi Salovaara
• Industries: AI & ML, Consumer, Crypto & Blockchain, Cybersecurity, E-Commerce, Fintech, SaaS, Gaming, Proptech & Real Estate, Internet & Mobile, Food & Beverage, Supply Chain & Logistics, Healthcare, Media
• Stages: Pre-Seed, Seed, Early Stage
• Number of investments: 365
• Number of exits: 3
• Funds raised: $82,200,000
• 3 remarkable investments: ChatFood, Baselime, Genuine Taste

You can find their website here.

You can send them an email at hello@antler.co.

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5) Norfund

Norfund is a government-backed Norwegian fund investing in Sub-Saharan African, Asian and Latin American companies.

Details of the VC firm:

• Country: Norway
• City: Oslo
• Started in: 1998
• Founders: Tellef Thorleifsson
• Industries: Climate & Sustainability, Fintech, Enterprise
• Stages: Early Stage
• Number of investments: 204
• Number of exits: 117
• Funds raised: $3,100,000,000
• 3 remarkable investments: Amartha, Klinchenberg, Rwimi

You can find their website here.

You can send them an email at post@norfund.no.

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6) TRK Group

TRK Group is an Oslo-based investment firm focused on disruptive technologies, digital services and emerging Africa verticals.

Details of the VC firm:

• Country: Norway
• City: Oslo
• Started in: 2015
• Founders: Trond Riiber Knudsen
• Industries: Marketplace, Industrial, Enterprise, Healthcare, DTC
• Stages: Early Stage
• Number of investments: 173
• Number of exits: 26
• 3 remarkable investments: Bifrost, Modulize, Shapemaker

You can find their website here.

You can send them an email at trond@trkgroup.no.

7) Startuplab

Startuplab is an incubator that provides early-stage capital to Norwegian tech startups.

Details of the VC firm:

• Country: Norway
• City: Oslo, Bergen
• Started in: 2012
• Founders: Alexander Woxen
• Industries: Hardware, Transportation, Big Data & Analytics, Energy
• Stages: Early Stage, Seed
• Minimum check size: $100,000
• Maximum check size: $300,000
• Number of investments: 136
• Number of exits: 1
• Funds raised: $20,200,000
• 3 remarkable investments: Parqio, Campanyon, Vilda

You can find their website here.

You can send them an email at hello@startuplab.no.

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8) Investinor

Investinor is a government-backed investment firm backing Norwegian entrepreneurs.

Details of the VC firm:

• Country: Norway
• City: Trondheim, Oslo
• Started in: 2008
• Founders: Terje Eidesmo
• Industries: Climate & Sustainability, Internet & Mobile, Energy, Healthcare, Marine
• Stages: Early Stage, Seed, Pre-Seed
• Minimum check size: $50,000
• Maximum check size: $300,000
• Number of investments: 120
• Number of exits: 35
• Funds raised: $822,000,000
• 3 remarkable investments: Hemispherian, Bergenbio, Nomono

You can find their website here.

You can send them an email at post@investinor.no.

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9) Sarsia Seed

Sarsia Seed is a seed investor for early-stage companies building within the pharma, medtech and cleantech industries.

Details of the VC firm:

• Country: Norway
• City: Bergen
• Started in: 2006
• Industries: Biotech, Healthcare, Life Sciences
• Stages: Early Stage
• Minimum check size: $100,000
• Maximum check size: $500,000
• Number of investments: 32
• Number of exits: 10
• Funds raised: $82,000,000
• 3 remarkable investments: SeaSmart, Aquiloz, Delante

You can find their website here.

You can send them an email at jon@sarsia.com.

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10) ProVenture Seed

Based in Norway, ProVenture is a Norwegian seed and early-stage tech investor.

Details of the VC firm:

• Country: Norway
• City: Trondheim, Stavanger
• Started in: 2006
• Founders: Hans Olav Torsen, Herbjørn Skjervold
• Industries: Climate & Sustainability, Social, Supply Chain & Logistics, Big Data & Analytics, SaaS, Energy
• Stages: Seed, Early Stage
• Maximum check size: $1,000,000
• Number of investments: 27
• Number of exits: 40
• Funds raised: $154,000,000
• 3 remarkable investments: Visavi, Defibrio, Numascale

You can find their website here.

You can send them an email at post@proventure.no.

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11) Skagerak Capital

Skagerak Capital is an early-stage VC firm with a preference for deep tech and SaaS sectors.

Details of the VC firm:

• Country: Norway
• City: Kristiansand, Oslo, Skien
• Started in: 2016
• Founders: Erik Edvard Toennesen
• Industries: Deep Tech & Hard Science, SaaS, Climate & Sustainability
• Stages: Early Stage, Seed
• Number of investments: 20
• Number of exits: 0
• Funds raised: $5,100,000
• 3 remarkable investments: Shiftx, Vilmer, Semine

You can find their website here.

You can send them an email at endre@skagerakcapital.com.