# Gardar Venture Capital: portfolio, investments and team

> Gardar Venture Capital is a vc firm based in Norway. 2 investments on record, 2 in the last 12 months, latest Oct 2026.

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

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

# Gardar Venture Capital

Last cheque observed Oct 2026; 2 cheques on record.

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Deploying now VC firm

Seed Series A Series B Defense

Deploying now

**100%** of best year **2** **cheques in 12 months**, 2 on record

Since the last cheque **22** days **00** hrs **00** min **00** sec

Median round **$16M** Rounds led **0 of 2**

Pitch Gardar Venture Capital

## Gardar Venture Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A: 100% of its rounds

## What they do

> Gardar is a Nordic venture capital fund investing in early-stage defense technology companies rooted in the Ukrainian innovation ecosystem. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Defense
- **Based in:** Oslo, Norway
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2026** 2 rounds
- **Oct** **[Buntar Aerospace](https://millionrounds.com/company/buntar-aerospace)** Series A · UA · Firms' own news pages **$16M** With 3 others
- **Sept** **[M-Fly](https://millionrounds.com/company/m-fly)** UA · Firms' own news pages **Undisclosed** With 2 others

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 cheque

Seed Series A Series B

Median round joined **$16M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *1*
- Seed said *-*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Freedom Fund](https://millionrounds.com/fund/freedom-fund) 2

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## Who they invest alongside

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

[**Freedom Fund** VC firm **2** rounds together](https://millionrounds.com/fund/freedom-fund)

## Recently backed

The latest companies Gardar Venture Capital put money into.

[**Buntar Aerospace** $16M · Oct 2026](https://millionrounds.com/company/buntar-aerospace)[**M-Fly** Sept 2026](https://millionrounds.com/company/m-fly)

## Quick answers about Gardar Venture Capital

### What does Gardar Venture Capital invest in?

Gardar Venture Capital invests most often at Series A (100% of the rounds on record), in sectors such as Defense.

### How active is Gardar Venture Capital?

2 investments on record, 2 of them in the last 12 months. The most recent was in Oct 2026.

### What has Gardar Venture Capital invested in recently?

Its most recent investments on record: Buntar Aerospace (Series A, Oct 2026) and M-Fly (Undisclosed round, Sept 2026).

### How big are Gardar Venture Capital's cheques?

The median round it joins is $16M.

### Is Gardar Venture Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Gardar Venture Capital invest alongside?

Most often Freedom Fund (2 rounds together).

### What kind of investor is Gardar Venture Capital?

Gardar Venture Capital is a VC firm based in Oslo, Norway.

### Does Gardar Venture Capital take cold pitches?

Yes: its own website says it reads unsolicited pitches.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=gardar-venture-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=gardar-venture-capital)