THE GUIDE to the Oslo Venture Capital Scene Driven by a powerful blend of deep-tech research and a profound focus on sustainability, Oslo has emerged as a world-leading hub for impactful innovation. Fueled by a highly-skilled talent pool from institutions like the University of Oslo and SINTEF, and a collaborative, trust-based culture, the city is a magnet for founders looking to solve global challenges. Bolstered by strong government support from Innovation Norway and thriving incubators like Startuplab and Oslo Science Park. Did I miss anyone? Reach out here.
Early to Late stage VCs
Description: An investment firm and accelerator focused on early-stage "impact tech" startups, aiming to solve global challenges related to climate, ocean, and society. Sectors: Climate Tech, Ocean Tech, Food & AgriTech. Notable Investments: Ocean Rainforest, Hullbot, Coral Vita, Matter, Flocean.
Description: A leading early-stage venture capital firm in the Nordics, backing ambitious founders with global potential from day one. Sectors: B2B Software, AI, Fintech, Deep Tech, Healthtech. Notable Investments: 1X, Sanity, Tana, Kvist, Apexx Global.
Description: A leading Norwegian venture capital fund that supports ambitious software and technology companies, acting as a strategic partner for growth. Sectors: B2B Software, SaaS, Technology. Notable Investments: Squarehead Technology, Simplifai, Celerway, Völur, Ardoq.
Description: A venture capital firm investing in early-stage B2B technology companies across the Nordics, providing capital and strategic support. Sectors: B2B Software, Enterprise SaaS, AI & Machine Learning. Notable Investments: Spense, Spond, Plaace, Nofence.
Description: A private investment company founded by serial entrepreneur Geir Førre, investing in Norwegian tech companies with global potential and a positive impact. Sectors: IoT, Robotics, Clean Energy, SaaS, Deep Tech. Notable Investments: Zivid, Disruptive Technologies, Airthings, Ardoq, Celsia.
Description: A venture capital firm specializing in life sciences and healthcare, investing in early-stage companies with innovative technologies. Sectors: Pharmaceuticals, Biotechnology, Diagnostics, MedTech, Life Sciences. Notable Investments: Accession Therapeutics, Oncoinvent, Zelluna Immunotherapy, BerGenBio, Nordic Nanovector, Algeta (exited).
Description: A venture capital firm that invests in companies with high growth potential and a positive impact, particularly in the "meaningful tech" space. Sectors: Food Tech, Climate Tech, Real Estate, SaaS. Notable Investments: Beefutures, Documaster, Ava Ocean.
Description: A family investment firm that invests in both startups and more mature businesses, often with a focus on sustainable technology. Sectors: Environmental Services, Alternative Energy, Software. Notable Investments: Inherit, Oivi, OverEasy Solar, ZEG Power, Parqio.
Description: An early-stage venture capital firm that backs companies building solutions for sustainability, energy transition, and human wellbeing. Sectors: Climate Tech, Energy, Health Tech, Resource Efficiency. Notable Investments: 1X, Nofence, Cytovation, CardioSignal, Antec Biogas.
Description: A deep tech venture capital firm that invests in early-stage companies built on breakthrough science and engineering innovations. Sectors: Deep Tech, AI, Quantum Computing, Robotics, New Materials. Notable Investments: Universal Quantum, Intrepid Labs.
Description: The corporate venture capital arm of Yara International. It invests in startups and in funds to advance sustainable agriculture and a "hydrogen economy." Sectors: AgriTech, Food Tech, Clean Hydrogen, Climate Tech. Notable Investments: Agrolend, Hydrogen Mem-Tech, Dynelectro, Verdagy, Intelecy, EcoRobotix.
Description: A venture capital firm that invests in Nordic technology startups, focusing on elite teams, sustainable solutions, and novel products. Sectors: Technology, Software, B2B, B2C. Notable Investments: Chooose, IndyRIOT, Vev, Consigli, SafetyWing, Wanda.
Description: An early-stage venture firm that was focused on the proptech sector. Sectors: Proptech. Notable Investments: Public data is unavailable. The firm appears to be inactive.
Description: This appears to be an advisory and investment firm, not a traditional venture capital fund. Sectors: Data is not publicly available. Notable Investments: Nabobil, Payr, My Beat AB
Description: The Norwegian Investment Fund for Developing Countries, acting as a state-owned development finance institution (DFI) to combat poverty. Sectors: Renewable Energy, Financial Inclusion, Green Infrastructure, Scalable Enterprises. Notable Investments: SN Power (exited), and numerous investments in financial institutions and energy projects across Africa, Asia, and Latin America.
Description: One of Norway's oldest venture capital firms, investing in early-stage technology companies with a broad sector focus. Sectors: Software, Industrials, Energy, Life Science, Telecom, Marine. Notable Investments: Nordic Technology Group, APIM Therapeutics, MazeMap, Stingray Marine Solutions, Documaster, BerGenBio.
Description: A venture capital firm that invests in deep-tech and enterprise software, with a focus on companies powered by applied artificial intelligence. Sectors: Deep Tech, Enterprise Software, AI, B2B SaaS. Notable Investments: Sun.Store, Fonn, Loopfront, Intelecy.
Description: A private investment company with a broad portfolio, including venture and private equity. They are active, long-term owners. Sectors: B2B, Healthcare, IT, Manufacturing, Real Estate. Notable Investments: Digital Opptur, N2 Applied, Revac.
Description: A family-owned investment company with a global mandate, investing in private equity, venture capital, real estate, and financial assets. Sectors: Software, Manufacturing, Real Estate. Notable Investments: Metric, Hemispherian, Novelda.
Description: A private investment company with a diversified portfolio of industrial and financial investments, including direct investments in private tech companies. Sectors: Software, Industrial Tech, Real Estate, Finance. Notable Investments: Intility, Ledidi, Saga Robotics, Signicat, Boost.ai.
Description: A venture capital investment firm that prefers to invest in technology startups, often in the software and hardware space. Sectors: Technology, IT Consulting, Hardware, Software. Notable Investments: Skalar, wheel.me, Defigo, Sunlit Sea.
Description: A technology and design studio that works with clients and also invests in or co-founds startups, acting as a venture builder. Sectors: AI, Software, Digital Products. Notable Investments: As a studio, they have built products like Wake, TÅRN, and Koi.
Description: A private investment company that is a long-term, active owner, primarily associated with the Schibsted media group. Sectors: Media, Technology. Notable Investments: Shairskills.
Description: The corporate venture arm of DNB, Norway's largest financial services group. It invests in fintech companies to foster innovation and strategic partnerships. Sectors: FinTech, Financial Software, RegTech, InsurTech. Notable Investments: Kvist, Celsia, Quantfolio, FundingPartner, Unite Living, Aiia (exited).
Description: A pre-seed and seed-stage fund that invests in Norwegian startups, with a preference for purpose-driven companies and diverse teams. Sectors: B2B SaaS, HealthTech, Climate Tech, EdTech. Notable Investments: ONiO, Spoor.AI, Savvie, Sanity, Iris.AI.
Description: A private holding and consulting company that invests in real estate, e-commerce, and gaming, rather than a pure venture capital fund. Sectors: Real Estate, E-commerce, Gaming, Technology. Notable Investments: Data on early-stage venture investments is not publicly specified.
Description: A private investment company owned by Kristian Lundkvist. It has a broad portfolio, including public/private equities, real estate, and venture. Sectors: Technology, Industrial, Real Estate, Biotech, Aquaculture. Notable Investments: abelee, idex, river tech
Description: An investment company that backs early-stage technology startups, often with a B2B or software focus. Sectors: Software Services, B2B, Marketplace. Notable Investments: Ciloo, Cerve, Unleash.
Description: The corporate venture unit of OBOS, one of the largest co-operative building associations in the Nordics. It invests in early-stage proptech and construction tech. Sectors: PropTech, Construction Tech, Urban Innovation. Notable Investments: 7Analytics, Consigli, Spacemaker (exited to Autodesk).
Description: A private investment firm with a focus on real estate, public equities, and private equity, rather than a pure early-stage VC fund. Sectors: Real Estate, Public Equity, Private Equity. Notable Investments:
Description: A private investment holding company with a long-term, active approach, focusing on technology-driven companies. Sectors: Technology, Software, MedTech. Notable Investments: Kezzler, Brandmaster, CAMO Software, Resoptima, CMR Surgical.