41 startup investors in Norway
We list 41 startup investors in Norway as of November 2026: each was checked on its own website or an official register, and the list was last checked on 9 Nov 2026. The cities with the most head offices on this list are Oslo (18), Trondheim (5) and Bergen (5).
Top 10 startup investors in Norway, ranked by recent fund activity
Among firms with a published profile and a dated fund or deal in the last 24 months. The rule: Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns. The same rule orders the whole list; it is repeated in the method box.
Hadean Ventures
Type: VC firm · HQ: Norway · Stages: Seed, Series A, Series B · Focus: Healthtech, Biotech, Medtech · Latest activity: New deal, Sep 2026 · Fund size or assets: €230M (own site)
Dated new deal in Sep 2026; €230M on file (own site); backs seed, Series A, Series B; 3 named decision-makers on file.
Sandwater
Type: VC firm · HQ: Oslo, Norway · Stages: Seed, Series A, Series B · Focus: Industrial Tech, Energy, Climate Tech, Healthtech · Latest activity: New fund, Dec 2025 · Fund size or assets: €125M (own site)
Latest fund filing dated Dec 2025; €125M on file (own site); backs seed, Series A, Series B; 5 named decision-makers on file.
Viking Growth
Type: VC firm · HQ: Trondheim, Norway · Stages: Growth · Focus: SaaS, B2B · Latest activity: New deal, Oct 2026
Dated new deal in Oct 2026; backs growth-stage; 4 named decision-makers on file.
EnvisionTech
Type: VC firm · HQ: Oslo, Norway · Stages: Series A, Growth · Focus: Climate Tech, Energy, Deep Tech · Latest activity: Portfolio news, Jul 2026
Portfolio news dated Jul 2026; backs Series A, growth-stage; 4 named decision-makers on file.
Polarion
Type: VC firm · HQ: Norway · Focus: Deep Tech, Defense Tech · Latest activity: New fund, Jun 2026
Latest fund filing dated Jun 2026; 2 named decision-makers on file.
Skyfall Ventures
Type: VC firm · HQ: Oslo, Norway · Stages: Pre-seed, Seed · Focus: AI, Climate Tech, Crypto and Web3, Robotics · Latest activity: Investment listed in 2026
Lists an investment made in 2026; backs pre-seed, seed; 4 named decision-makers on file.
Spike Venture
Type: VC firm · HQ: Oslo, Norway · Stages: Pre-seed · Focus: B2B, SaaS, Hardware, Generalist · Latest activity: Investment listed in 2026
Lists an investment made in 2026; backs pre-seed; 4 named decision-makers on file.
Skagerak Capital
Type: VC firm · HQ: Kristiansand, Norway · Stages: Seed, Series A, Growth · Focus: Climate Tech, AI, B2B, Industrial Tech · Latest activity: Investment listed in 2026
Lists an investment made in 2026; backs seed, Series A, growth-stage; 5 named decision-makers on file.
CoFounder
Type: VC firm · HQ: Trondheim, Norway · Stages: Pre-seed, Seed · Focus: Deep Tech, Industrial Tech, Generalist · Latest activity: New fund, Nov 2024
Latest fund filing dated Nov 2024; backs pre-seed, seed; 3 named decision-makers on file.
Sondo Capital
Type: VC firm · HQ: Norway · Stages: Pre-seed, Seed · Focus: Generalist, SaaS, B2B · Latest activity: New fund, Jun 2025
Latest fund filing dated Jun 2025; backs pre-seed, seed; 2 named decision-makers on file.
First 20 of 41 startup investors in Norway
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| Hadean Ventures | VC firm | Norway | Seed, Series A, Series B | Healthtech, Biotech, Medtech | New deal, Sep 2026 | €230M (own site) | 7 Nov 2026 | 3 names, firm email · Unlock |
| Sandwater | VC firm | Oslo, Norway | Seed, Series A, Series B | Industrial Tech, Energy, Climate Tech, Healthtech | New fund, Dec 2025 | €125M (own site) | 7 Nov 2026 | 5 names, firm email · Unlock |
| Viking Growth | VC firm | Trondheim, Norway | Growth | SaaS, B2B | New deal, Oct 2026 | 7 Nov 2026 | 4 names · Unlock | |
| EnvisionTech | VC firm | Oslo, Norway | Series A, Growth | Climate Tech, Energy, Deep Tech | Portfolio news, Jul 2026 | 7 Nov 2026 | 4 names · Unlock | |
| Polarion | VC firm | Norway | Deep Tech, Defense Tech | New fund, Jun 2026 | 9 Nov 2026 | 2 names · Unlock | ||
| Skyfall Ventures | VC firm | Oslo, Norway | Pre-seed, Seed | AI, Climate Tech, Crypto and Web3, Robotics | Investment listed in 2026 | 7 Nov 2026 | 4 names, firm email · Unlock | |
| Spike Venture | VC firm | Oslo, Norway | Pre-seed | B2B, SaaS, Hardware, Generalist | Investment listed in 2026 | 7 Nov 2026 | 4 names, firm email · Unlock | |
| Skagerak Capital | VC firm | Kristiansand, Norway | Seed, Series A, Growth | Climate Tech, AI, B2B, Industrial Tech | Investment listed in 2026 | 7 Nov 2026 | 5 names · Unlock | |
| CoFounder | VC firm | Trondheim, Norway | Pre-seed, Seed | Deep Tech, Industrial Tech, Generalist | New fund, Nov 2024 | 7 Nov 2026 | 3 names, firm email · Unlock | |
| Sondo Capital | VC firm | Norway | Pre-seed, Seed | Generalist, SaaS, B2B | New fund, Jun 2025 | 7 Nov 2026 | 2 names · Unlock | |
| Propagator Ventures | VC firm | Oslo, Norway | Seed | Deep Tech, AI, Healthtech, Robotics | New deal, Jan 2025 | 7 Nov 2026 | No contact on file | |
| RunwayFBU / RunwayVC | VC firm | Fornebu, Norway | Pre-seed, Seed, Series A | Industrial Tech, AI, Robotics, Deep Tech | New fund, Sep 2025 | 7 Nov 2026 | firm email · Unlock | |
| Grieg Kapital | Single family office | Bergen, Norway | Seed, Growth | SaaS, B2B, Climate Tech | 7 Nov 2026 | 5 names, office email · Unlock | ||
| Idékapital | VC firm | Oslo, Norway | Series A, Growth | SaaS, B2B, AI, Fintech | 7 Nov 2026 | 3 names · Unlock | ||
| Investinor | Government or university fund | Trondheim, Norway | Pre-seed, Seed, Series A, Series B, Growth | SaaS, Deep Tech, Healthtech, Climate Tech | 7 Nov 2026 | 4 names, firm email · Unlock | ||
| Momentum Partners | VC firm | Bergen, Norway | Seed, Series A, Growth | Climate Tech, Agritech, Energy, Proptech | 7 Nov 2026 | 4 names · Unlock | ||
| ProVenture | VC firm | Trondheim, Norway | Pre-seed, Seed | SaaS, Deep Tech, Healthtech, Climate Tech | 7 Nov 2026 | 5 names · Unlock | ||
| Sarsia | VC firm | Bergen, Norway | Seed | Healthtech, Biotech, Climate Tech, Energy | New fund, Jun 2024 | 7 Nov 2026 | 5 names · Unlock | |
| Verd Investering | VC firm | Arendal, Norway | Pre-seed, Seed | Generalist, Climate Tech | 7 Nov 2026 | 1 name · Unlock | ||
| Herfo | Single family office | Stavanger, Norway | Seed, Growth | Healthtech, Fintech, Proptech | 7 Nov 2026 | 3 names, office email · Unlock |
You are seeing 20 of 41. The full list adds 21 more investors and 116 named decision-makers.
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How these 41 break down
By city
| City | On this list | Share |
|---|---|---|
| Oslo | 18 | 44% |
| Trondheim | 5 | 12% |
| Bergen | 5 | 12% |
| Stavanger | 3 | 7% |
| Kristiansand | 2 | 5% |
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 16 | 39% |
| Seed | 31 | 76% |
| Series A | 12 | 29% |
| Series B | 5 | 12% |
| Growth | 15 | 37% |
Stage is our research. A firm can back more than one stage.
By sector
| Sector | On this list | Share |
|---|---|---|
| Climate Tech | 23 | 56% |
| Deep Tech | 13 | 32% |
| Energy | 11 | 27% |
| Healthtech | 10 | 24% |
| SaaS | 10 | 24% |
| B2B | 8 | 20% |
| AI | 6 | 15% |
| Industrial Tech | 4 | 10% |
| Robotics | 4 | 10% |
| Fintech | 4 | 10% |
| Proptech | 4 | 10% |
| Biotech | 3 | 7% |
Sector is our research. A firm can carry more than one sector.
By type
| Type | On this list | Share |
|---|---|---|
| VC firm | 27 | 66% |
| Single family office | 5 | 12% |
| Corporate VC | 4 | 10% |
| Government or university fund | 3 | 7% |
Method and limits
- Source
- No row on this list rests on an SEC filing. All 41 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule
- Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Place: head office in Norway.
- Order
- Firms with a published profile come first. Activity score out of 100: recency of the latest fund filing or dated deal (50: full marks within 3 months, then stepping down at 6, 12 and 24 months), size of the fund on file on a log scale (35) and completeness of the public record (15). It is a measure of activity and fit, not of quality or returns.
- Last refreshed
- November 2026. Rows on this list were checked between 7 Nov 2026 and 9 Nov 2026.
- Fill rates
- Of 41 rows: stage 39, sector 41, fund size 2, website 41. In the paid file: named decision-makers on 35 rows, firm email on 17, LinkedIn page on 20, check size on 7.
- Corrections
- Email [email protected] or use the update form. We act within 5 working days.
Questions
How many startup investors are in Norway?
We list 41 as of November 2026. 8 of the 41 have a fund filing or a dated deal in the last 12 months. By type: VC firm (27), Single family office (5) and Corporate VC (4).
Which cities in Norway have the most investors?
Oslo (18), Trondheim (5) and Bergen (5).
Which startup investors in Norway were active in the last 12 months?
None of the 41 has a fund filing dated in the last 12 months on file; 8 have other dated activity in that time (fund announcement, new deal and portfolio news), most recently Viking Growth (new deal, Oct 2026), Hadean Ventures (new deal, Sep 2026) and EnvisionTech (portfolio news, Jul 2026).
What stages do startup investors in Norway back?
Of the 39 with a stage on file, seed (31), pre-seed (16) and growth-stage (15). A firm can back more than one stage, and 2 rows have no stage on file yet.
Where does the data on startup investors in Norway come from and how often is it updated?
All 41 rows were checked on the firm's own website, with official registers and national venture capital association directories as the starting point. Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 9 Nov 2026 at the latest. The whole file is re-verified twice a year.
Can I download the list of startup investors in Norway as a spreadsheet?
Yes. The file holds all 41 rows in Excel and CSV, with 116 named decision-makers and 17 firm emails, for $49 one-time. 20 rows are free on this page.
Broader lists
Related lists
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