# Photoncycle funding: rounds and investors

> Photoncycle has raised $17M across 1 round since 2026. Investors include Voima Ventures, NordicNinja (JB Nordic Fund I) and Lifeline Ventures.

Source: https://millionrounds.com/company/photoncycle (Millionrounds; every figure on the page links to its filing or article)

Norway · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Photoncycle*

One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech Energy

Raised 8 months ago

Funding summary Updated 26 Oct 2026

**$17M** raised across 1 round since 2026, from 2 sources

- **Latest round:** Series A, $17M Mar 2026
- **Led by:** Voima Ventures and NordicNinja (JB Nordic Fund I)
- **Investors:** 7 (2 led)

See who backed them

## The rounds

- **Mar 2026** Series A **$17M** [Voima Ventures](https://millionrounds.com/fund/voima-ventures) Lead [NordicNinja (JB Nordic Fund I)](https://millionrounds.com/fund/nordicninja) Lead [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) [Startuplab](https://millionrounds.com/fund/startuplab) [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) [Momentum](https://millionrounds.com/fund/momentum-2) [Eviny Ventures](https://millionrounds.com/fund/eviny-ventures) Reported by NordicNinja (JB Nordic Fund I) and 1 other

## Founders and team

From Photoncycle's own website: 1 founder, 3 on the team.

**Bjorn Brandtzaeg** Founder and CEO

- **Elina Koivisto** Chief Growth Officer
- **Koray Abatay** Chief Manufacturing Officer
- **Sebastian Gutterød** Chief Science Officer

## Everyone who backed them

[Voima Ventures](https://millionrounds.com/fund/voima-ventures) VC firm **1** round, led 1

[NordicNinja (JB Nordic Fund I)](https://millionrounds.com/fund/nordicninja) VC firm **1** round, led 1

[Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) VC firm **1** round

[Startuplab](https://millionrounds.com/fund/startuplab) Accelerator **1** round

[Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) VC firm **1** round

[Momentum](https://millionrounds.com/fund/momentum-2) Hedge fund **1** round

[Eviny Ventures](https://millionrounds.com/fund/eviny-ventures) Corporate VC **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=photoncycle).

## Also claim to have backed them

This firm lists Photoncycle as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Momentum](https://millionrounds.com/fund/momentum) VC firm Per its own site

## Quick answers about Photoncycle

### Who invested in Photoncycle?

Photoncycle's investors include Voima Ventures, NordicNinja (JB Nordic Fund I), Lifeline Ventures, Startuplab and Luminar Ventures, and 2 more on record. Voima Ventures led its latest round.

### How much has Photoncycle raised?

Photoncycle has raised $17M across 1 round since 2026.

### When did Photoncycle last raise?

Photoncycle's most recent round was a Series A of $17M in Mar 2026, led by Voima Ventures.

### What was Photoncycle's biggest round?

Its most recent round, $17M in Mar 2026, is also its largest on record.

### Who backed Photoncycle first?

Photoncycle's first round on record, in Mar 2026, was backed by Voima Ventures, NordicNinja (JB Nordic Fund I) and Lifeline Ventures and 4 others.

### What stage is Photoncycle at?

Photoncycle's latest named round is a Series A, in Mar 2026.

### Where is Photoncycle based?

Photoncycle is based in Norway.

### Who led Photoncycle's rounds?

Voima Ventures led the Series A in 2026.

## Companies like Photoncycle

In the same sector, and raised in the last eighteen months.

[**Otovo** $7.3M · Jul 2026](https://millionrounds.com/company/otovo)[**EQON** $6.3M · Jun 2026](https://millionrounds.com/company/eqon)[**HydrogenPro** $14M · Jun 2026](https://millionrounds.com/company/hydrogenpro)[**Flocean** $23M · Nov 2025](https://millionrounds.com/company/flocean)[**Cartesian** Sept 2025](https://millionrounds.com/company/cartesian)[**Cloudberry Clean Energy** $76K · May 2025](https://millionrounds.com/company/cloudberry-clean-energy)

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