Norway has a thriving startup ecosystem, supported by a strong network of venture capital firms. These firms lead Norway’s innovation ecosystem, providing vital funding and strategic guidance to emerging companies in various sectors. This article focuses on Norway's most active venture capital firms, delving into their primary investment areas, notable portfolio companies, and their influence on the Nordic startup landscape. Whether you're an entrepreneur seeking funding or an investor looking for potential co-investors, this guide provides valuable insights into the key players in Norway's venture capital scene.

Katapult VC

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Tharald Nikolai Nustad

• 🔢 Number of Investments: 150-200

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: SolarDuck, Sand To Green, Betterfly

Investinor

• 🏦 HQ: Trondheim, Sor-Trondelag

• 👨‍💻👩‍💻 Leadership: Marianne Sundsbø, Sten-Roger Karlsen

• 💰️Total Assets: $750 Million

• 🔢 Number of Investments: 100-150

• 🥧 Share: Responsible for 1/3 of all VC investments in Norway during the last 10 years

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: Calluna Pharma, Xeneta, BerGenBio

Alliance VC

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Jan-Erik Hareid, Johan Gjesdahl

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Boost AI, 1X Technologies, Sanity

Schibsted Ventures

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Jussi Lystimaki

• 🔢 Number of Investments: 50-100

• 👜 Notable Portfolio companies: Ingrid, Remppatori, Blocket

Skyfall Ventures

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Espen Malmo

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Enode, Nansen, Optio Incentives

ProVenture

• 🏦 HQ: Trondheim, Sor-Trondelag

• 👨‍💻👩‍💻 Leadership: David Lysne

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Cimon Medical, Wanda, The Human Touch Robotics

Equinor Ventures

• 🏦 HQ: Stavanger, Rogaland

• 👨‍💻👩‍💻 Leadership: Kjersti Reinsnos

• 💰️ AUM: $750 Million

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Electric Hydrogen, KoBold Metals, Commonwealth Fusion

SINTEF Venture V

• 🏦 HQ: Trondheim, Sor-Trondelag

• 👨‍💻👩‍💻 Leadership: Anders Lian

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Hystar, Sensibel, Hydrogen Mem-Tech

Idékapital

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Kristian Øvsthus

• 💰️ AUM: $190 Million

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Kongsberg Digital, Appfarm, Ardoq

TeleVenture Management

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Rune Rinnan

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 🎯 Target Sectors: Industrials, Software, Oil & Gas,​ Consumer,

  Marine

• 👜 Notable Portfolio companies: CrayoNano, Stingray Marine Solutions, Placewise

Sarsia

• 🏦 HQ: Bergen, Hordaland

• 👨‍💻👩‍💻 Leadership: Sveinung Hole

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: BerGenBio ASA, Calluna Pharma, Nykode

Hadean Ventures

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Ingrid Teigland Akay, Walter Stockinger

• 💰️ AUM: $230 million

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 🎯 Target Sectors: Healthcare

• 👜 Notable Portfolio companies: Emergence Therapeutics, Complement Therapeutics, Cardior Pharmaceuticals

SNÖ Ventures

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Magne Uppman, Teodor Bjerrang

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Sky Mavis, PortalOne, Speechly

Yara Growth Ventures

• 🏦 HQ: Oslo

• 👨‍💻👩‍💻 Leadership: Erkki Aaltonen

• 🎯 Target Sectors: Agriculture

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: H2Pro, Verdagy, Ecorobotix

Link Capital

• 🏦 HQ: Stavanger, Rogaland

• 👨‍💻👩‍💻 Leadership: Elisabeth Øvstebø

• 🎯 Target Sectors: Energy

• 🔢 Number of Investments: 50-100

• 👜 Notable Portfolio companies: Viggo, flexecharge, Pascal Technologies

Norway's venture capital landscape is vibrant and instrumental in fostering innovation and economic growth. The most active VC firms in the country play a crucial role in supporting startups and scaling businesses, driving advancements across various industries. By providing essential funding, mentorship, and strategic direction, these firms contribute significantly to the success and sustainability of the Norwegian startup ecosystem. As Norway continues to grow as a hub for entrepreneurial activity, the influence and impact of these leading venture capital firms will undoubtedly expand, further solidifying the country's position on the global innovation map.