# Alliance VC: portfolio, investments and team

> Alliance VC is a vc firm based in Norway. 43 investments on record, 11 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/alliance-vc (Millionrounds; every figure on the page links to its filing or article)

Norway · [Investor](https://millionrounds.com/investors)

# Alliance VC

Last cheque observed Sep 2026; 43 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Tech

Follow Alliance VC and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Falliance-vc)

Deploying now

**100%** of best year **11** **cheques in 12 months**, 43 on record

Since the last cheque **38** days **00** hrs **00** min **00** sec

Median round **$6.9M** Rounds led **0 of 43** Sole investor **9 rounds** Mostly in **Norway, 35%**

Pitch Alliance VC

## Alliance VC highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Seed and Series A: 60% of its rounds
- 03 Sole investor in 9 rounds, median $1.8M

## What they do

> We are a Nordic venture capital firm run by experienced venture capitalists, operators and founders that helped create billion-dollar companies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Tech
- **Based in:** Oslo, Norway
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **43 appearances**

- **2026** 11 rounds
- **Sept** **[Spiich](https://millionrounds.com/company/spiich)** Seed · SE · ArcticStartup **$3.4M** With 3 others
- **Jul** **[Oda](https://millionrounds.com/company/oda)** Secondary · NO **$150M** With 3 others
- **Jun** **[Fika Jobs](https://millionrounds.com/company/fika-jobs)** Pre-seed · SE · TechCrunch **$4.0M** With 3 others
- **Jun** **[Lightbringer](https://millionrounds.com/company/lightbringer)** Series A · SE **$10M** With 2 others
- **Mar** **[Unleash](https://millionrounds.com/company/unleash)** Series B · NO · Ventureburn **$35M** With 4 others
- **Mar** **[Newcode.ai](https://millionrounds.com/company/newcode-ai)** Seed · NO **$6.5M** With 1 other
- **Mar** **[Endform](https://millionrounds.com/company/endform)** Pre-seed · SE **$1.7M** With 1 other
- **Feb** **[Bits](https://millionrounds.com/company/bits)** Series A · SE · Ventureburn **$14M** With 5 others
- **Feb** **[Hemi Health](https://millionrounds.com/company/hemi-health)** Seed · DK **$4.7M** With 1 other
- **Feb** **[1X](https://millionrounds.com/company/1x)** Venture · NO **Undisclosed** With 3 others
- **Feb** **[APEXX](https://millionrounds.com/company/apexx)** Venture · GB **$10M** With 1 other
- **2025** 4 rounds
- **Jul** **[TWO](https://millionrounds.com/company/two)** Series A · JP **$15M** With 4 others
- **May** **[Sanity](https://millionrounds.com/company/sanity)** Series C · US **$85M** With 3 others
- **Apr** **[Mjuk](https://millionrounds.com/company/mjuk)** Venture · FI **Undisclosed** With 3 others
- **Feb** **[Tana](https://millionrounds.com/company/tana)** Series A · US **$14M** With 5 others
- **2024** 6 rounds
- **Dec** **[Lightbringer](https://millionrounds.com/company/lightbringer)** Seed · SE **$4.3M** With 1 other
- **Nov** **[Deckmatch](https://millionrounds.com/company/deckmatch)** Seed · NO **$3.0M** With 1 other
- **Jul** **[Steep](https://millionrounds.com/company/steep)** Seed · SE **$4.3M** With 3 others
- **Jul** **[Versiro](https://millionrounds.com/company/versiro)** Seed · NO **$2.5M** Sole investor
- **Apr** **[Gilion](https://millionrounds.com/company/gilion)** Seed · SE **$11M** With 2 others
- **Jan** **[1X](https://millionrounds.com/company/1x)** Series B · NO **$100M** With 3 others
- **2023** 1 round
- **Mar** **[APEXX](https://millionrounds.com/company/apexx)** Series B · GB **$25M** With 1 other
- **2022** 8 rounds
- **Nov** **[Enode](https://millionrounds.com/company/enode)** Series A · NO **$15M** With 4 others
- **Sept** **[Ripe](https://millionrounds.com/company/ripe)** Pre-seed · SE **$2.0M** With 1 other
- **Sept** **[Xeneta](https://millionrounds.com/company/xeneta)** Series D · NO **$80M** With 2 others
- **Jul** **[Aquabyte](https://millionrounds.com/company/aquabyte)** Series B · US · Argonautic Ventures **$25M** With 5 others
- **Jun** **[Shoreline](https://millionrounds.com/company/shoreline)** Series A · NO **$7.5M** With 1 other
- **May** **[Globus.ai](https://millionrounds.com/company/globus-ai)** Seed · NO **$4.8M** With 1 other
- **May** **[Hemby](https://millionrounds.com/company/hemby)** Seed · FI **$3.2M** Sole investor
- **Feb** **[IndyKite](https://millionrounds.com/company/indykite)** Seed · US **$8.0M** With 2 others
- **2021** 4 rounds
- **Dec** **[Superside](https://millionrounds.com/company/superside)** Venture · US **Undisclosed** With 3 others
- **Aug** **[Equality Check](https://millionrounds.com/company/equality-check)** Seed · NO **$1.5M** With 1 other
- **Apr** **[Repeat](https://millionrounds.com/company/repeat)** Seed · US **$1.8M** Sole investor
- **Mar** **[Boost AI](https://millionrounds.com/company/boost-ai)** Grant **$40M** Sole investor
- **2020** 4 rounds
- **Dec** **[AlexisHR](https://millionrounds.com/company/alexishr)** Seed **$1.5M** Sole investor
- **Nov** **[ShiftX](https://millionrounds.com/company/shiftx)** Pre-seed **$1.7M** Sole investor
- **Sept** **[Scrimba](https://millionrounds.com/company/scrimba)** Venture **Undisclosed** With 2 others
- **May** **[Aprila Bank](https://millionrounds.com/company/aprila-bank)** Series A **$7.3M** With 1 other
- **2019** 1 round
- **Mar** **[GRUNT®](https://millionrounds.com/company/grunt)** Venture · US **$1.9M** Sole investor
- **2017** 2 rounds
- **Jul** **[Megacool](https://millionrounds.com/company/megacool)** Seed **$1.5M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **6** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**42** of 59 we have independently watched raise

[1X](https://millionrounds.com/company/1x)[APEXX](https://millionrounds.com/company/apexx)[Aprila Bank](https://millionrounds.com/company/aprila-bank)[Bits](https://millionrounds.com/company/bits)[Boost](https://millionrounds.com/company/boost-ai)[Endform](https://millionrounds.com/company/endform)[Enode](https://millionrounds.com/company/enode)[Eventum](https://millionrounds.com/company/eventum)[Exited Alexis](https://millionrounds.com/company/alexishr)[Exited Aquabyte](https://millionrounds.com/company/aquabyte)[Exited Arundo](https://millionrounds.com/company/arundo-analytics)[Exited Capnia](https://millionrounds.com/company/capnia)[Exited Encap](https://millionrounds.com/company/allclear-id)[Exited Equality Check](https://millionrounds.com/company/equality-check)[Exited Net4Call](https://millionrounds.com/company/oracle)[Exited Sendr](https://millionrounds.com/company/sendr)[Exited Swarm64](https://millionrounds.com/company/swarm64)[Exited Tific](https://millionrounds.com/company/squaretrade)[Exited Wake](https://millionrounds.com/company/invisionapp)[Fika](https://millionrounds.com/company/fika-jobs)[Fuse](https://millionrounds.com/company/fuse)[General Intuition](https://millionrounds.com/company/general-intuition)[Gilion](https://millionrounds.com/company/gilion)[Grunt](https://millionrounds.com/company/grunt)[Hemby](https://millionrounds.com/company/hemby)[IndyKite](https://millionrounds.com/company/indykite)[Lace Lithography](https://millionrounds.com/company/lace-lithography)[Lightbringer](https://millionrounds.com/company/lightbringer)[Medal](https://millionrounds.com/company/medal)[Newcode](https://millionrounds.com/company/newcode-ai)[Odins](https://millionrounds.com/company/odins-ai)[Polight](https://millionrounds.com/company/polight)[Sanity](https://millionrounds.com/company/sanity)[Scrimba](https://millionrounds.com/company/scrimba)[Shoreline](https://millionrounds.com/company/shoreline)[Spiich](https://millionrounds.com/company/spiich)[Steep](https://millionrounds.com/company/steep)[Superside](https://millionrounds.com/company/superside)[Tana](https://millionrounds.com/company/tana)[Two](https://millionrounds.com/company/two)[Versiro](https://millionrounds.com/company/versiro)[Xeneta](https://millionrounds.com/company/xeneta) 3D Perception Ciloo Confirmit Encore Exited Edvantage Group Exited Falanx Exited Interagon Exited Memoscale Exited Nevion Exited Oda Globus Hemi Kvist Solutions Mjuk Northern.tech OptiFish Unleash

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$6.9M** the round, not its cheque Alone, median **$1.8M**

Led 0 of 43 rounds **0%**

- **Sole investor:** 9 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *17*
- Series A said *7*
- Venture *6*
- Series B said *5*
- Pre-seed said *4*
- Secondary *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Antler](https://millionrounds.com/fund/antler) 4
- [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) 4
- [Creandum](https://millionrounds.com/fund/creandum) 3
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 3
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 2
- [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) 2

**Pitching Alliance VC?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Alliance VC. A count of rooms they were both in, not a relationship either has claimed.

[**Antler** VC firm **4** rounds together](https://millionrounds.com/fund/antler)[**Luminar Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/luminar-ventures)[**Creandum** VC firm **3** rounds together](https://millionrounds.com/fund/creandum)[**Y Combinator** Accelerator **3** rounds together](https://millionrounds.com/fund/y-combinator)[**Alumni Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Cherry Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/cherry-ventures)[**EQT Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/eqt-ventures)[**Firstminute Capital** VC firm **2** rounds together](https://millionrounds.com/fund/firstminute-capital)[**LocalGlobe** VC firm **2** rounds together](https://millionrounds.com/fund/localglobe)[**MMC Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/mmc-ventures)[**Samsung Next** Corporate VC **2** rounds together](https://millionrounds.com/fund/samsung-next)[**Tiger Global Management** VC firm **2** rounds together](https://millionrounds.com/fund/tiger-global-management)

## Recently backed

The latest companies Alliance VC put money into.

[**Oda** $150M · Jul 2026](https://millionrounds.com/company/oda)[**Fika Jobs** $4.0M · Jun 2026](https://millionrounds.com/company/fika-jobs)[**Lightbringer** $10M · Jun 2026](https://millionrounds.com/company/lightbringer)[**Newcode.ai** $6.5M · Mar 2026](https://millionrounds.com/company/newcode-ai)[**Endform** $1.7M · Mar 2026](https://millionrounds.com/company/endform)[**Hemi Health** $4.7M · Feb 2026](https://millionrounds.com/company/hemi-health)

## Quick answers about Alliance VC

### What does Alliance VC invest in?

Alliance VC invests most often at Seed and Series A (60% of the rounds on record), in sectors such as Tech.

### How active is Alliance VC?

43 investments on record, 11 of them in the last 12 months. The most recent was in Sept 2026.

### What has Alliance VC invested in recently?

Its most recent investments on record: Spiich (Seed, Sept 2026), Oda (Secondary, Jul 2026) and Fika Jobs (Pre-seed, Jun 2026).

### How big are Alliance VC's cheques?

The median round it joins is $6.9M.

### Does Alliance VC lead rounds?

Rarely, if at all: none of its 43 investments on record names it as the lead.

### Where does Alliance VC invest?

Most of the companies it backs are in Norway (35%), Sweden (26%) and the United States (21%).

### Is Alliance VC investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does Alliance VC invest alongside?

Most often Antler (4 rounds together), Luminar Ventures (4 rounds together) and Creandum (3 rounds together).

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