27 venture capital firms in Norway
We list 27 venture capital firms 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 (13), Trondheim (3) and Kristiansand (2).
The 10 highest-ranked firms on this list are the same 10 as on our list of startup investors in Norway (41), where they are shown with the ranking rule.
First 13 of 27 venture capital firms in Norway
| Investor | Type | HQ | Stagesour research | Focusour research | Latest fund or deal | Fund sizeas filed or stated | Checked | Contacts |
|---|---|---|---|---|---|---|---|---|
| Hadean Ventures | VC firm | Norway | Seed, Series A, Series B | Healthtech, Biotech, Medtech | New deal, Sep 2026 | €230M (own site) | 7 Nov 2026 | 3 names, firm email · Unlock |
| Sandwater | VC firm | Oslo, Norway | Seed, Series A, Series B | Industrial Tech, Energy, Climate Tech, Healthtech | New fund, Dec 2025 | €125M (own site) | 7 Nov 2026 | 5 names, firm email · Unlock |
| Viking Growth | VC firm | Trondheim, Norway | Growth | SaaS, B2B | New deal, Oct 2026 | 7 Nov 2026 | 4 names · Unlock | |
| EnvisionTech | VC firm | Oslo, Norway | Series A, Growth | Climate Tech, Energy, Deep Tech | Portfolio news, Jul 2026 | 7 Nov 2026 | 4 names · Unlock | |
| Polarion | VC firm | Norway | Deep Tech, Defense Tech | New fund, Jun 2026 | 9 Nov 2026 | 2 names · Unlock | ||
| Skyfall Ventures | VC firm | Oslo, Norway | Pre-seed, Seed | AI, Climate Tech, Crypto and Web3, Robotics | Investment listed in 2026 | 7 Nov 2026 | 4 names, firm email · Unlock | |
| Spike Venture | VC firm | Oslo, Norway | Pre-seed | B2B, SaaS, Hardware, Generalist | Investment listed in 2026 | 7 Nov 2026 | 4 names, firm email · Unlock | |
| Skagerak Capital | VC firm | Kristiansand, Norway | Seed, Series A, Growth | Climate Tech, AI, B2B, Industrial Tech | Investment listed in 2026 | 7 Nov 2026 | 5 names · Unlock | |
| CoFounder | VC firm | Trondheim, Norway | Pre-seed, Seed | Deep Tech, Industrial Tech, Generalist | New fund, Nov 2024 | 7 Nov 2026 | 3 names, firm email · Unlock | |
| Sondo Capital | VC firm | Norway | Pre-seed, Seed | Generalist, SaaS, B2B | New fund, Jun 2025 | 7 Nov 2026 | 2 names · Unlock | |
| Propagator Ventures | VC firm | Oslo, Norway | Seed | Deep Tech, AI, Healthtech, Robotics | New deal, Jan 2025 | 7 Nov 2026 | No contact on file | |
| RunwayFBU / RunwayVC | VC firm | Fornebu, Norway | Pre-seed, Seed, Series A | Industrial Tech, AI, Robotics, Deep Tech | New fund, Sep 2025 | 7 Nov 2026 | firm email · Unlock | |
| Idékapital | VC firm | Oslo, Norway | Series A, Growth | SaaS, B2B, AI, Fintech | 7 Nov 2026 | 3 names · Unlock |
You are seeing 13 of 27. The full list adds 14 more firms and 80 named decision-makers.
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How these 27 break down
By city
| City | On this list | Share |
|---|---|---|
| Oslo | 13 | 48% |
| Trondheim | 3 | 11% |
| Kristiansand | 2 | 7% |
| Bergen | 2 | 7% |
Full lists, each with its own row count: Startup investors in Oslo (18)
By stage
| Stage | On this list | Share |
|---|---|---|
| Pre-Seed | 11 | 41% |
| Seed | 18 | 67% |
| Series A | 8 | 30% |
| Series B | 2 | 7% |
| Growth | 9 | 33% |
Stage is our research. A firm can back more than one stage.
By sector
| Sector | On this list | Share |
|---|---|---|
| Climate Tech | 12 | 44% |
| Deep Tech | 9 | 33% |
| Healthtech | 8 | 30% |
| SaaS | 7 | 26% |
| B2B | 7 | 26% |
| Energy | 5 | 19% |
| AI | 5 | 19% |
| Industrial Tech | 4 | 15% |
| Robotics | 4 | 15% |
| Biotech | 3 | 11% |
| Medtech | 2 | 7% |
| Defense Tech | 2 | 7% |
Sector is our research. A firm can carry more than one sector.
Method and limits
- Source
- No row on this list rests on an SEC filing. All 27 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. Type: we class every organization on this list as "VC firm", from its own site or a filing. Place: head office in Norway.
- Order
- Firms with a published profile come first. 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.
- Last refreshed
- November 2026. Rows on this list were checked between 7 Nov 2026 and 9 Nov 2026.
- Fill rates
- Of 27 rows: stage 26, sector 27, fund size 2, website 27. In the paid file: named decision-makers on 24 rows, firm email on 11, LinkedIn page on 14, check size on 4.
- Corrections
- Email hello@theinvestordatabase.com or use the update form. We act within 5 working days.
Questions
How many VC firms are in Norway?
We list 27 as of November 2026. 8 of the 27 have a fund filing or a dated deal in the last 12 months.
Which cities in Norway have the most VC firms?
Oslo (13), Trondheim (3) and Kristiansand (2).
Which venture capital firms in Norway were active in the last 12 months?
None of the 27 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 venture capital firms in Norway back?
Of the 26 with a stage on file, seed (18), pre-seed (11) and growth-stage (9). A firm can back more than one stage, and 1 row has no stage on file yet.
Where does the data on venture capital firms in Norway come from and how often is it updated?
All 27 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 venture capital firms in Norway as a spreadsheet?
Yes. The file holds all 27 rows in Excel and CSV, with 80 named decision-makers and 11 firm emails, for $49 one-time. 13 rows are free on this page.
Related lists
Venture capital firms in France (81)Venture capital firms in Germany (56)Venture capital firms in the Netherlands (47)Venture capital firms in Spain (41)Venture capital firms in Sweden (27)Venture capital firms in Italy (20)Venture capital firms in Finland (15)Venture capital firms in Austria (15)
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