Norway has become a tech hub for startups and its magnificent growth over the last 3 years testifies to the hard work done by Venture Capital Firms and angel investors. Each year, hundreds of startups are getting funded by many VC firms but, there is a question that confuses a lot of startup leaders.

Among all these names, who are some of the most active and top-ranking venture capital firms in Norway? 

Well, there are many VC firms that are actively investing in Norway-based startups and to help you select some, we have prepared the following list of the top 10 Venture Capital firms in Norway. 

Top 10 Venture Capital Firms in Norway

Following is a list of some of the top venture capital firms in Norway that are arranged according to their total investments and active involvement.

Katapult Accelerator

Katapult Accelerator is the investment arm of Katapult, based in Oslo, Norway. The firm is dedicated to investing in highly scalable impact tech startups and has a particular focus on climate, ocean, and agri-tech startups. Aside from the VC firm, Katapault Accelerator also has accelerator programs and plans on growing the startup community of Norway.

The firm looks for startups that are working to deliver the UN Sustainable Development Goals. Their unique accelerators offer funding and the opportunity for impact startups to scale internationally. 

The investment range of Katapault Accelerator is between $150,000 to $500,000. 

Investinor 

Having more than 500 Million in assets, Ivestinor is also a well-recognized VC firm that funds Norway-based startups. 

Investinor focuses on companies that contribute to Norwegian wealth creation. They invest in companies that are in the seed, venture, and/or expansion phases. They look for companies with major market potential and a competent team offering a progressive technology and/or business model. The companies should be able to demonstrate a realistic scenario for further funding and disposal (exit strategy).

The investment range of Investinor is around $4-$6M.

Skyfall Ventures

Skyfall Ventures is a well-known VC firm. It invests in tech-related startups, that are gaining attention for their products/services.

Discussing their investment activities, Skyfall Ventures invests in startups by conducting pitching competitors and the investors select startups based on their growth potential. Startup leaders can apply for investment from the website and once selected, these leaders can present on-site pitch decks.

The investment range of Skyfall Ventures is around $5M.

Statkraft Ventures

Statkraft Ventures is the corporate venture capital arm of Statkraft, headquartered in Düsseldorf, Germany. The firm is dedicated to investing in outstanding entrepreneurs in the energy and climate tech sectors. They partner with exceptional founders in early- and growth-stage startups in Europe and North America.

Moreover, Statkraft Ventures focuses on investing in companies operating in the energy, climate tech, and related segments across early and growth stages in Europe and North America. They prefer to invest between EUR 3 million to EUR 20 million and always invest in startups that are aged more than 5 years.

Alliance Ventures

Alliance Ventures is a Nordic venture capital firm based in Oslo, Norway. The firm is run by experienced venture capitalists, operators, and founders who have helped create billion-dollar companies.

The team of investors focuses on investing in exceptional early-stage tech companies and purpose-driven founders with global ambitions. They believe that investing in a founder is a mutual partnership, and they know that building great and valuable companies takes time. Similarly, Alliance Ventures has mentioned some requirements on their website that include startups that are:

The investment range of Alliance Ventures is around $3M. 

Hadean Ventures

Hadean Ventures is a European life science fund manager with a particular focus on the Nordic region. The firm invests broadly across the life science sectors, especially in pharmaceutical and Digital Health. Hadean Ventures also has offices in Oslo and Stockholm.

As for their investment activities, Hadean Ventures focuses on investing in early-stage life science startups across Europe, focusing on startups that have the highest growth potential and the lowest number of competitors. The investors at Hadean Ventures, are all well-experienced and only select startups that can generate 4x ROI within 3 years.

The investment range of Hadean Ventures lies between $50,000 to $300,000. 

Ideakapital

Investing in high-growth startups, Ideakapital is also an international VC firm that invests in startups across Europe. Recently, they have also moved to Norway and are actively investing in tech-related businesses. They provide growth equity, strategic advice, and scale-up support for exceptional entrepreneurs seeking to build global market leaders within their niche.

Moreover, Ideakapital manages three investment funds with more than 1 bn NOK under management. The investors prefer businesses that have a business-to-business model, software or software-enabled products and solutions, a proven and scalable business model, global potential, and dedicated teams with expertise backgrounds.

The investment range of Ideakapital is around $1M.

SNO Ventures

SNO Ventures is a venture capital firm based in Oslo, Norway. The firm invests in visionary entrepreneurs leading early-stage, transformative Nordic tech companies. They support these entrepreneurs at every step of their global growth journey. 

Discussing investment activities, SNO ventures value startups with problem-solving skills, strong ambitions, and experienced leaders and teams. The investors favor tech startups that are gaining a lot of attention and will help build a better tomorrow.

The investment range of SNO Ventures lies between $150,000 to $1M.

RunwayFBU

RunwayFBU is an early-stage venture capital firm based in Fornebu, Norway. The firm was founded by Kjell Inge Røkke, one of the most successful entrepreneurs in the Nordics, and Tor Bækkelund, former co-founder of StartupLab. 

When investing in businesses, RunwayFBU invests in software-driven technology companies built by ambitious entrepreneurs. They support entrepreneurs in building global companies and solving important challenges by using data and technology.

Other than the investment activities, RunwayFBU also guides their portfolio companies and conducts mentorship programs. The investment range of RunwayFBU is around $2-$3M.

Arkwright X

Arkwright X invests in ambitious, early-stage B2B tech startups in the Nordics. They focus on the (pre-) seed stage but are also open to investing in later rounds. 

The firm focuses on early-stage B2B tech startups. They value teams with problem-solving skills, energy, grit, integrity, and bold ambitions. The investment range of Arkwright X lies between $100,000 to $3M.

Wrap-Up

In short, there is a huge list of VC firms and angel investors in Norway. However, to know these investors and understand their investment interests, it is recommended to see some examples of a pitch deck, and research on how to present your startup as investable. 

Frequently Asked Questions