Who invests in startups in Norway
42 investors back startups in Norway: funds, accelerators and angel networks with at least two portfolio companies there, 288 portfolio startups in all. The most active here are Investinor (51), THEFACTORY AS (36) and Antler (31). 12 of them are accelerators.
Investors backing startups in Norway
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
 InvestinorVenture capital · Norway · Timely, Vayyar Imaging, Two | 51 | – | Feb 2019 |
 THEFACTORY ASAccelerator · Norway · Enin, Firi, Gobi Stories AS | 36 | – | – |
 AntlerAccelerator · Singapore · Two, laiout, Spoor | 31 | 52 | Nov 2026 |
 Alliance Venture CapitalVenture capital · Sanna, Superside, Enode | 26 | 9 | Sep 2026 |
 IdekapitalVenture capital · Norway · Falkor, Simplifai, Decisions | 21 | – | – |
 Magnus JepsonAngel network · Norway · Enin, Pickr, 1X Technologies | 18 | – | – |
 TechstarsAccelerator · United States · Vake, Tive, SurplusMap | 17 | 98 | Nov 2026 |
 Skyfall VenturesVenture capital · Norway · Enode, Take Take Take, Shifter | 17 | 1 | Apr 2026 |
 NorselabVenture capital · Norway · Ardoq, Nofence, DoMore Diagnostics | 11 | – | – |
 SarsiaVenture capital · Norway · Heimdall Power, qbee, Chargitect | 10 | – | – |
 Askeladden & CoAccelerator · Norway · Squeeze, Dr.Dropin, Rebil | 10 | – | – |
 Charge IncubatorAccelerator · Norway · Mobilambulanse.no, EVVENT AS, Operta | 9 | – | – |
 Y CombinatorAccelerator · United States · Superside, Enode, Moritz | 7 | 256 | Oct 2026 |
 NorvestorPrivate equity · Norway · Cegal, Position Green, Upheads | 6 | – | – |
 SNÖVenture capital · Take Take Take, Timely, Ignite Procurement | 6 | – | – |
 North ZoneVenture capital · United Kingdom · Funcom, Tana, NextGenTel | 5 | 24 | Oct 2026 |
 500 GlobalAccelerator · United States · Iris.ai, Timely, Film Grail | 4 | 35 | Oct 2026 |
 Point NineVenture capital · Germany · Xeneta, Whereby, Findable | 4 | 14 | Oct 2026 |
 Scale CapitalVenture capital · Denmark · Globus.ai, Six Robotics, 7Analytics | 4 | 4 | Oct 2026 |
 CVX VenturesVenture capital · Denmark · Campanyon, EASY EIENDOM AS, WAYD | 4 | 1 | Jun 2026 |
 AxcelPrivate equity · Denmark · Bekk, SuperOffice, KapitalKontroll | 4 | – | – |
 HitecVisionPrivate equity · Norway · Vår Energi - Oil and gas, Hafslund, - Moreld Apply | 4 | – | – |
 Plug and PlayAccelerator · United States · Vayyar Imaging, 7Analytics, MIXMOVE | 3 | 152 | Nov 2026 |
| EERAAccelerator · RAYVN, UpWave, Bubbly | 3 | 4 | Jul 2026 |
 Summa EquityPrivate equity · Sweden · Oda, Dignio, Stem Agency | 3 | – | – |
 Spintop VenturesVenture capital · Sweden · Nomono, AiBA, indyRIOT | 3 | – | Jun 2025 |
 Insight PartnersVenture capital · United States · Gelato, OptoScale | 2 | 82 | Nov 2026 |
 CoatueVenture capital · United States · Take Take Take, PortalOne | 2 | 35 | Nov 2026 |
 SpeedinvestVenture capital · Austria · Nofence, Skyfri | 2 | 30 | Nov 2026 |
 Founders FactoryAccelerator · United Kingdom · Iris.ai, BAD NORWEGIAN | 2 | 25 | Oct 2026 |
 firstminute capitalVenture capital · United Kingdom · Unleash, Tana | 2 | 24 | Oct 2026 |
 Seraphim SpaceAccelerator · United Kingdom · AnsuR, Ntention | 2 | 21 | Sep 2026 |
 Contrarian VenturesVenture capital · Lithuania · Chooose, Star Flow | 2 | 7 | Jul 2026 |
 Brighteye VenturesVenture capital · United Kingdom · Capeesh, Installer | 2 | 6 | Oct 2026 |
 Katapult OceanVenture capital · Norway · Brim Explorer, Evoy A/S | 2 | 4 | Sep 2026 |
 OpenOceanVenture capital · Finland · Unacast, Favrit | 2 | 3 | Oct 2026 |
 PT1 VenturesVenture capital · Germany · MazeMap, Installer | 2 | 3 | Jun 2026 |
 InvestcorpPrivate equity · Bahrain · ABAX, Zacco | 2 | 1 | Jan 2026 |
 AltorPrivate equity · Sweden · Helly Hansen, Norsk Gjenvinning | 2 | – | – |
 Montagu Private EquityPrivate equity · United Kingdom · Visma, Hansen Protection | 2 | – | – |
The most backed startups in Norway
| Startup | Investors in this list |
|---|---|
 Two | 4 |
 Tana | 3 |
 Enode | 3 |
 Timely | 3 |
 Take Take Take | 3 |
 Xeneta | 3 |
 Oda | 3 |
 Installer | 3 |
 Heimdall Power | 3 |
 Iris.ai | 2 |
 AnsuR | 2 |
 Runagain | 2 |
 AiBA | 2 |
 Mitigrate | 2 |
 Equality Check | 2 |
By sector
More on startups in Norway
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Questions
Who invests in startups in Norway?
42 investors back startups in Norway: funds, accelerators and angel networks with at least two portfolio companies there, 288 portfolio startups in all. The most active here are Investinor (51), THEFACTORY AS (36) and Antler (31). 12 of them are accelerators.
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for Norway when at least two of its portfolio companies are based there; the list is rebuilt every night from 2,417 portfolios.