Top 20 Venture Capital Firms in Norway in 2026

Looking to raise funding in Norway? These are the VCs you should know.
Norway’s startup ecosystem is growing fast, especially in climate tech, SaaS, energy, fintech, and deep tech. From prolific early-stage investors to specialized sector funds, these 20 VC firms are active, founder-focused, and driving innovation across the Nordics.

Ranked by deal activity, this list highlights the most active investors in Norway’s startup scene and the key details you need to know.

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Here are the Top VC Firms in Norway

1. Investinor

📍 Location: Trondheim
Norway’s largest VC fund with over $500M in assets. Investinor backs companies contributing to national growth across climate, energy, healthcare, and more.
💰 Size: $4M–$6M
📍 Stage: Seed to Growth
🌐 Investinor

2. Katapult Accelerator

📍 Location: Oslo
A leading accelerator and VC focusing on impact startups in climate, ocean, and agri-tech. With 160+ investments, Katapult is a major player in Norway’s early-stage scene.
💰 Size: $150K–$500K
📍 Stage: Pre-seed to Seed
🌐 Katapult

3. Skyfall Ventures

📍 Location: Oslo
An active early-stage investor focusing on developer tools, fintech, crypto, and web3. Skyfall backs bold tech founders and has quickly grown its portfolio.
💰 Size: Up to $5M
📍 Stage: Pre-seed to Series A
🌐 Skyfall Ventures

4. Alliance Ventures

📍 Location: Oslo
A Nordic fund investing in exceptional early-stage tech companies and purpose-driven founders with global ambitions.
💰 Size: $3M
📍 Stage: Seed to Series A
🌐 Alliance VC

5. Hadean Ventures

📍 Location: Oslo
A leading European life science fund focusing on pharma, medtech, and digital health. Invests in Nordic startups with high growth potential.
💰 Size: $50K–$300K
📍 Stage: Early to Growth
🌐 Hadean Ventures

6. Statkraft Ventures

📍 Location: Düsseldorf / Active in Norway
The corporate VC arm of Statkraft, investing in software-driven energy and climate tech startups across Europe.
💰 Size: €3M–€20M
📍 Stage: Early to Growth
🌐 Statkraft Ventures

7. SNÖ Ventures

📍 Location: Oslo
Backs visionary founders building transformative Nordic tech companies. Known for early bets on companies like Kahoot and Unacast.
💰 Size: $150K–$1M
📍 Stage: Seed to Series A
🌐 SNÖ Ventures

8. Idekapital

📍 Location: Oslo
A fast-growing VC with over 1bn NOK under management. Focused on B2B software and scaling ambitious Norwegian tech startups.
💰 Size: ~$1M
📍 Stage: Seed to Growth
🌐 Idekapital

9. ProVenture

📍 Location: Trondheim
One of Norway’s leading seed VCs, investing in digital technology startups with sustainable business models.
💰 Size: $500K–$2M
📍 Stage: Seed to Series A
🌐 ProVenture

10. Norfund

📍 Location: Oslo
A strategic minority investor supporting sustainable business growth, especially in emerging markets and impact-focused ventures.
💰 Size: Varies
📍 Stage: Growth
🌐 Norfund

11. Arkwright X

📍 Location: Oslo
Invests in ambitious early-stage B2B tech startups. Known for backing fintech and SaaS companies at pre-seed and seed stages.
💰 Size: $100K–$3M
📍 Stage: Pre-seed to Series A
🌐 Arkwright X

12. SINTEF Venture

📍 Location: Trondheim
Linked to SINTEF, one of Europe’s largest research organizations. Focuses on commercializing IP and deep tech ventures.
💰 Size: $250K–$3M
📍 Stage: Early to Growth
🌐 SINTEF Venture

13. EV Private Equity

📍 Location: Stavanger
Specializes in energy innovation and deep tech. Backing technologies that accelerate the energy transition.
💰 Size: $1M–$10M+
📍 Stage: Series A to Growth
🌐 EV Private Equity

14. Ferd

📍 Location: Lysaker
A family-owned investment company active in social entrepreneurship and venture capital, supporting scalable Norwegian businesses.
💰 Size: Varies
📍 Stage: Seed to Growth
🌐 Ferd

15. RunwayFBU

📍 Location: Fornebu
Founded by top Norwegian entrepreneurs, RunwayFBU backs software-driven startups tackling global challenges.
💰 Size: $2M–$3M
📍 Stage: Seed to Series A
🌐 RunwayFBU

16. Antler Norway

📍 Location: Oslo
Part of the global Antler network, Antler Norway backs founders from day zero. Known for its pre-seed accelerator and strong deal flow, it has quickly become one of the most active early-stage investors in the country.
💰 Size: $100K–$500K
📍 Stage: Pre-seed to Seed
🌐 Antler

17. Sandwater

📍 Location: Oslo
Sandwater is an Oslo-based impact and climate tech VC investing in early-stage companies that address major global challenges. They focus on scalable solutions in climate, ocean, health, and education.
💰 Size: $500K–$5M
📍 Stage: Seed to Series A
🌐 Sandwater

18. Spring Capital

📍 Location: Oslo
Spring Capital is an early-stage investor backing ambitious Nordic founders in SaaS, fintech, and digital innovation. Known for their founder-focused approach and active deal flow in Norway.
💰 Size: $250K–$2M
📍 Stage: Pre-seed to Series A
🌐 Spring Capital

19. StartupLab Founders Fund

📍 Location: Oslo
Closely tied to StartupLab accelerator, this fund is highly active at the earliest stages of Norwegian tech innovation.
💰 Size: $50K–$500K
📍 Stage: Pre-seed to Seed
🌐 StartupLab

20. Viking Venture

📍 Location: Trondheim
Specializes in B2B SaaS growth investments, backing some of Norway’s most successful scale-ups.
💰 Size: $1M–$10M+
📍 Stage: Series A to Growth
🌐 Viking Venture

Norway’s VC scene is thriving, blending large evergreen investors like Investinor, sector specialists like Hadean and Katapult, and a wave of agile early-stage funds. Whether you’re building in SaaS, climate tech, or deep tech, these 20 firms are shaping Norway’s next generation of global startups.

Among them, Pitchdrive stands out as a European VC partner dedicated to helping founders turn early traction into sustainable growth. With hands-on support, smart capital, and an active investor network, Pitchdrive helps startups scale across borders. Ready to accelerate your growth? Apply to Pitchdrive and join a community of founders building Europe’s next success stories.

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