15 Best Active Series A Investors in Norway in 2025

Series A-stage investing is about recognizing companies that have true product/market fit and the potential to become $100 million dollar companies. Startups at this phase need to build an executive team, scale their operations, and go from selling to startups to building a true customer base. After tracking investment activity for 2,500+ funds, our 2025 list spotlights top Series A investors who have actively participated in at least 5 Series A funding rounds.


Last update to the database: Jul 29, 2025. See changelog.


Icon Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.

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List of 15 top Norway VCs

Sandwater is a venture capital fund based in Oslo, investing in Series A and Series B stages with check sizes from $1 million to $10 million. They focus on technology, health, manufacturing, agriculture, and environmental solutions. Notable investments include 1X, CardioSignal, and FarmInsect. Sandwater supports companies aiming to make a significant impact on society and the planet.

28

Offices:

Oslo (HQ)

Investment Stage:

Series A, Series B

Check Size:

$10M - $100M

Industries:

Climate Tech & Green Tech, Health Tech, Agritech

Top investments in Norway:

1X (
78)
, CardioSignal (
28)
, FarmInsect (
28)

Alliance Venture is a venture capital fund based in Oslo. They focus on early to later-stage tech companies across industries, including electric vehicles, green tech, AI, and fintech. Their goal is to help startups grow and succeed with flexible investment sizes. Notable investments include The Mobility House and Apexx Global.

26

Offices:

Oslo (HQ)

Palo Alto

Stockholm

Investment Stage:

Pre Seed, Seed, Series A, Series B, Series C, Unknown

Check Size:

$2.5M - $70M

Industries:

Climate Tech & Green Tech, FinTech, Foodtech

Top investments in Norway:

Apexx Global (
52)
, Oda (
52)
, The Mobility House (
46)

Statkraft Ventures invests in ambitious entrepreneurs building the software-driven energy incumbents of tomorrow

25

Offices:

Düsseldorf (HQ)

Oslo

Investment Stage:

Seed, Series A, Series B, Series C, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Govtech, Hardware

Top investments in Norway:

Deepki (
60)
, Zolar (
60)
, Aira (
60)

Akershus Energi, a venture capital fund based in Oslo, invests in early-stage companies focused on energy, climate tech, and green tech. A notable investment is Otovo, a sustainable energy firm. By 2035, Akershus Energi aims to produce 3 TWh of renewable energy to help transition from fossil fuels. Their strategy emphasizes collaboration and innovation, promoting regional growth while preserving nature. Their motto is "More energy. More future. More returns."

25

Offices:

Oslo

Investment Stage:

Series A

Check Size:

$2.5M - $5M

Industries:

Climate Tech & Green Tech, Energy & Nuclear

Top investments in Norway:

Otovo (
40)

A venture capital and private equity firm investing in life science companies in Europe.

23

Offices:

Oslo (HQ)

Stockholm

Investment Stage:

Series A, Series B, Series C, Unknown

Check Size:

$5M - $100M

Industries:

Health Tech, Hardware, AI

Top investments in Norway:

Step Pharma (
56)
, SciRhom (
53)
, ARTHEx Biotech (
41)

SNÖ Ventures, based in Oslo, is a venture capital fund investing in early-stage tech companies. They focus on sectors such as gaming, fintech, AI, and health tech. By partnering with promising startups like Sky Mavis and Speechly, SNÖ Ventures aims to drive growth and innovation in the Nordic region.

19

Offices:

Oslo (HQ)

Investment Stage:

Seed, Series A, Unknown

Check Size:

$100k - $250M

Industries:

Health Tech, Edtech, FinTech

Top investments in Norway:

Sky Mavis (
56)
, PortalOne (
52)
, Ignite Procurement (
31)

nFront Ventures, based in Oslo, is a venture capital fund investing in companies from seed to series A stages, with funding from $500,000 to $20 million. They focus on sectors like supply chain, data, sales, community, and fintech. Notable investments include Two, Unleash, Zadaa, and Cerve. nFront Ventures provides both capital and operational support to help companies grow and reach their full potential.

18

Offices:

Oslo (HQ)

Investment Stage:

Seed, Series A, Unknown

Check Size:

$2.5M - $5M

Industries:

FinTech, Foodtech, Fashion

Top investments in Norway:

Two, Inc. (
41)
, Unleash (
31)
, Zadaa (
25)

Investinor is a venture capital fund based in Trondheim, Norway, managing around $500 million in assets. It invests in companies at various stages, from seed to series funding rounds, with check sizes ranging from $50 million to $200 million. The fund focuses on industries such as technology, health, and media. Notable investments include Calluna Pharma, Novelda, and CardioMech.

17

Offices:

Trondheim (HQ)

Investment Stage:

Seed, Series A, Series B, Series C, Series F, Unknown

Check Size:

$100k - $100M

Industries:

Climate Tech & Green Tech, Health Tech, FinTech

Top investments in Norway:

Xeneta (
52)
, Calluna Pharma (
52)
, Novelda (
40)

We are an early stage venture capital firm based in Oslo, Norway.

17

Offices:

Oslo (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $20M

Industries:

Health Tech, FinTech, Crypto & web3

Top investments in Norway:

Enode (
41)
, Sloyd (
41)
, Vev (
37)

Katapult Accelerator, based in Oslo, is a venture capital fund specializing in early-stage investments, ranging from seed to Series A. They invest between $150,000 and $500,000 in companies across tech, health, and green industries. Notable investments include Sparxell, EcoG, Sand to Green, Syrona Health, and SolarDuck. Katapult seeks scalable businesses that positively impact the environment and society.

17

Offices:

Oslo (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $20M

Industries:

Climate Tech & Green Tech, Health Tech, FinTech

Top investments in Norway:

Sparxell (
41)
, Chooose (
34)
, EcoG (
34)

Offices:

Oslo (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $20M

Industries:

FinTech, Hardware, Mobile

Top investments in Norway:

Two, Inc. (
41)
, Ignite Procurement (
31)
, Unleash (
31)

Idekapital is a company founded in 2016.

15

Offices:

Oslo (HQ)

London

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $20M

Industries:

Health Tech, FinTech, Foodtech

Top investments in Norway:

Völur (
41)
, Ardoq (
37)
, Favrit (
31)

Norselab is a venture capital fund based in Oslo, investing in sectors such as food delivery, climate tech, and real estate. They focus on seed, Series A, and Series C stages, with check sizes ranging from $3 million to $10 million. Notable investments include Beefutures and Documaster, aiming to create positive and lasting industry change.

14

Offices:

Oslo (HQ)

Investment Stage:

Seed, Series A, Series C, Unknown

Check Size:

$100k - $30M

Industries:

Climate Tech & Green Tech, Agritech, Foodtech

Top investments in Norway:

Ardoq (
37)
, Disruptive Technologies (
28)
, imove (
28)

Offices:

Bergen (HQ)

Investment Stage:

Seed, Series A

Check Size:

$5M - $10M

Industries:

Machine learning, Robotics, Manufacturing

Top investments in Norway:

Remora Robotics (
21)

Offices:

Oslo (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $10M

Industries:

Climate Tech & Green Tech, Crypto & web3, Deep Tech

Top investments in Norway:

Wsense (
31)
, OTee (
25)
, Adminkit (
21)