6 Best Active Series B Investors in Oslo in 2025

In the vibrant investment landscape of Oslo, certain names stand out, consistently identifying and supporting groundbreaking ventures. As we journey into 2025, we've compiled a list of the top investors in Oslo, showcasing those who've demonstrated exceptional acumen, vision, and commitment to fostering innovation in the region.


This list is the result of tracking investment activity across +2,500 venture capital investors in Europe, and only includes funds that have invested in at least 5 startups in Osloin the past 12 months (not just investors with offices in Oslo). Whether you're an experienced founder who have raised capital in the past or you're fundraising for the first time, our curated list of the top Oslo VCs in 2025 will be tremendously helpful in your journey.


Last update to the database: Aug 19, 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 6 top Oslo 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 Oslo:

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 Oslo:

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

ArcTern Ventures is a cleantech venture capital fund based in Toronto, Canada.

26

Offices:

San Francisco

Oslo

Investment Stage:

Series B, Unknown

Check Size:

$10M - $40M

Industries:

Climate Tech & Green Tech, Energy & Nuclear, Manufacturing

Top investments in Oslo:

Soly (
41)

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 Oslo:

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

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 Oslo:

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

Borregaard ASA, based in Oslo, is a venture capital fund specializing in seed-stage investments in biotech, manufacturing, agritech, and deep tech. One of its investments is Lignovations. Additionally, Borregaard operates an advanced biorefinery, producing eco-friendly biochemicals, biomaterials, and bioethanol from natural raw materials. With 1,100 employees across 16 countries, the company integrates health, safety, and environmental practices into its operations and is committed to social responsibility. Borregaard also invests significantly in research and development, collaborating with universities and research institutions worldwide.

17

Offices:

Oslo

Investment Stage:

Seed, Series B

Check Size:

$2.5M - $40M

Industries:

Agritech, Biotech, Deep Tech

Top investments in Oslo:

Alginor ASA (
34)
, Lignovations (
21)