Top 10 Venture Capital Firms in Norway (2026)

Finding the right investor in Norway is getting easier for founders. The most active firms, like Norfund and Alliance VC, have backed over 80 and nearly 70 companies respectively.

Beyond the big numbers, you'll find funds with different strengths, from Viking Growth's two dozen exits to Hadean Ventures' focus on life sciences. There's a good mix of capital and expertise available for the right idea.

Below is our list of the best 10 VC firms in Norway.

Failory's Top 10 Picks

1. Skyfall Ventures

Skyfall Ventures backs early-stage technology companies across the Nordic region, focusing on sectors like AI, fintech, and SaaS. Their portfolio includes successful startups such as Oda, Nansen, and Firi, demonstrating a commitment to nurturing the area's next generation of tech leaders.

2. Hadean Ventures

Hadean Ventures invests in early-stage life science companies throughout Europe, concentrating on the Nordic region. They work with top academic institutions and startup hubs to help develop and commercialize new medical technologies.

3. SNÖ Ventures

SNÖ Ventures champions daring tech pioneers across the Nordic region, investing from the pre-seed stage onwards in fields including AI, fintech, and enterprise software. The firm combines deep local expertise with a network that provides global access, helping its portfolio companies scale beyond their home markets.

4. Alliance VC

Alliance Venture provides early-stage capital to purpose-driven tech founders across the Nordic region, backing companies with the potential for global reach. They support startups across a variety of sectors, including SaaS, fintech, and health, helping them grow from local players into international competitors.

5. Viking Growth

With over two decades of experience, Viking Growth scales Nordic B2B software companies for international expansion. They provide capital and strategic support to late-stage businesses, building a portfolio that currently generates NOK 4 billion in annual recurring revenue.

6. Startuplab

Startuplab invests in, incubates, and accelerates early-phase Nordic tech startups. They have backed over 200 companies, including well-known successes like Kahoot and ReMarkable.

7. Momentum

Momentum backs seed-stage companies that place sustainability and climate impact at their core, focusing on sectors like ocean industries, agriculture, and renewables. They take a hands-on approach, providing both competence and capital to help their portfolio companies scale from the beginning.

8. Moreld

With a strong background in offshore industries, Moreld operates as an industrial group backing sustainable technology companies. They apply their existing operational competence to foster growth for ventures in smart energy infrastructure, offshore wind, and data centers.

9. SINTEF Venture AS

SINTEF Venture AS transforms advanced research into commercial companies by investing in early-stage spin-offs from Norwegian institutions. They partner with other venture funds to provide these new businesses with capital and specific sector knowledge.

10. Norfund

Norfund acts as a strategic minority investor, providing risk capital and expertise to build sustainable businesses in developing nations. They aim for high impact by focusing on climate, fintech, and enterprise sectors within Sub-Saharan Africa and select countries in South East Asia and Central America.