---
title: "41 Startup Investors in Norway (Nov 2026): Top 10 Ranked"
last_updated: "2026-11-09"
rows: "41"
free_rows: "20"
source: "Official registers and each organization's own website"
canonical: "https://theinvestordatabase.com/lists/investors-in-norway/"
---

# 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).

- 41 investors
- 8 with a fund filing or dated deal in the last 12 months
- 116 named decision-makers on file

## First 20 of 41 startup investors in Norway

| Investor | Type | HQ | Stages (our research) | Focus (our research) | Latest fund or deal | Fund size | Checked | Profile |
|---|---|---|---|---|---|---|---|---|
| Hadean Ventures | VC firm | Norway | Seed, Series A, Series B | Healthtech, Biotech, Medtech | New deal, Sep 2026 | €230M (own site) | 2026-11-07 | https://theinvestordatabase.com/investors/hadean-ventures-as/ |
| Sandwater | VC firm | Oslo, Norway | Seed, Series A, Series B | Industrial Tech, Energy, Climate Tech, Healthtech | New fund, Dec 2025 | €125M (own site) | 2026-11-07 | https://theinvestordatabase.com/investors/sandwater-as/ |
| Viking Growth | VC firm | Trondheim, Norway | Growth | SaaS, B2B | New deal, Oct 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/viking-growth-as/ |
| EnvisionTech | VC firm | Oslo, Norway | Series A, Growth | Climate Tech, Energy, Deep Tech | Portfolio news, Jul 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/envisiontech-as/ |
| Polarion | VC firm | Norway |  | Deep Tech, Defense Tech | New fund, Jun 2026 |  | 2026-11-09 | https://theinvestordatabase.com/investors/polarion-management-as/ |
| Skyfall Ventures | VC firm | Oslo, Norway | Pre-seed, Seed | AI, Climate Tech, Crypto and Web3, Robotics | Investment listed in 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/skyfall-ventures-as/ |
| Spike Venture | VC firm | Oslo, Norway | Pre-seed | B2B, SaaS, Hardware, Generalist | Investment listed in 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/spike-venture-as/ |
| Skagerak Capital | VC firm | Kristiansand, Norway | Seed, Series A, Growth | Climate Tech, AI, B2B, Industrial Tech | Investment listed in 2026 |  | 2026-11-07 | https://theinvestordatabase.com/investors/skagerak-capital-as/ |
| CoFounder | VC firm | Trondheim, Norway | Pre-seed, Seed | Deep Tech, Industrial Tech, Generalist | New fund, Nov 2024 |  | 2026-11-07 | https://theinvestordatabase.com/investors/cofounder-capital-as/ |
| Sondo Capital | VC firm | Norway | Pre-seed, Seed | Generalist, SaaS, B2B | New fund, Jun 2025 |  | 2026-11-07 | https://theinvestordatabase.com/investors/sondo-capital-as/ |
| Propagator Ventures | VC firm | Oslo, Norway | Seed | Deep Tech, AI, Healthtech, Robotics | New deal, Jan 2025 |  | 2026-11-07 | https://theinvestordatabase.com/investors/propagator-ventures-as/ |
| RunwayFBU / RunwayVC | VC firm | Fornebu, Norway | Pre-seed, Seed, Series A | Industrial Tech, AI, Robotics, Deep Tech | New fund, Sep 2025 |  | 2026-11-07 | https://theinvestordatabase.com/investors/runwayfbu-fund-management-as/ |
| Grieg Kapital | Single family office | Bergen, Norway | Seed, Growth | SaaS, B2B, Climate Tech |  |  | 2026-11-07 | https://theinvestordatabase.com/investors/grieg-kapital-as/ |
| Idékapital | VC firm | Oslo, Norway | Series A, Growth | SaaS, B2B, AI, Fintech |  |  | 2026-11-07 | https://theinvestordatabase.com/investors/idekapital-investment-management-as/ |
| Investinor | Government or university fund | Trondheim, Norway | Pre-seed, Seed, Series A, Series B, Growth | SaaS, Deep Tech, Healthtech, Climate Tech |  |  | 2026-11-07 | https://theinvestordatabase.com/investors/investinor-as/ |
| Momentum Partners | VC firm | Bergen, Norway | Seed, Series A, Growth | Climate Tech, Agritech, Energy, Proptech |  |  | 2026-11-07 | https://theinvestordatabase.com/investors/momentum-venture-management-as-2/ |
| ProVenture | VC firm | Trondheim, Norway | Pre-seed, Seed | SaaS, Deep Tech, Healthtech, Climate Tech |  |  | 2026-11-07 | https://theinvestordatabase.com/investors/proventure-management-ii-as/ |
| Sarsia | VC firm | Bergen, Norway | Seed | Healthtech, Biotech, Climate Tech, Energy | New fund, Jun 2024 |  | 2026-11-07 | https://theinvestordatabase.com/investors/sarsia-management-as/ |
| Verd Investering | VC firm | Arendal, Norway | Pre-seed, Seed | Generalist, Climate Tech |  |  | 2026-11-07 | https://theinvestordatabase.com/investors/verd-investering-as/ |
| Herfo | Single family office | Stavanger, Norway | Seed, Growth | Healthtech, Fintech, Proptech |  |  | 2026-11-07 | https://theinvestordatabase.com/investors/herfo-finans-as/ |

You are seeing 20 of 41. The full list adds 21 more investors and 116 named decision-makers.

Get all 41 investors and 116 named contacts, $49, one-time: https://theinvestordatabase.com/buy/list/investors-in-norway
This page: https://theinvestordatabase.com/lists/investors-in-norway/

## 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: 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.
- 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.

## 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.

