# Investinor: portfolio, investments and team

> Investinor is a vc firm based in Norway. 24 investments on record, latest Jul 2025. Portfolio, stages, co-investors and team.

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

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

# Investinor

Last cheque observed Jul 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Seed Series A Series B Chip SaaS Subscription

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 24 on record

Since the last cheque **479** days **00** hrs **00** min **00** sec

Median round **$21M** Rounds led **0 of 24** Sole investor **2 rounds** Exits **1 from the portfolio** Mostly in **Norway, 91%**

Pitch Investinor

## Investinor highlights

- 01 24 rounds on record
- 02 Mostly Venture and Series A: 65% of its rounds
- 03 Sole investor in 2 rounds, median $5.1M
- 04 1 exits from the portfolio

## What they do

> Investinor AS er et investeringsselskap. Sammen med gründere, entreprenører og andre investorer gjør vi utvalgte lovende bedrifter verdensledende. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Chip SaaS Subscription
- **Based in:** Trondheim, Norway
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **24 appearances**

- **2025** 2 rounds
- **Jul** **[Actithera](https://millionrounds.com/company/actithera)** Series A · GB · 4BIO Capital **$76M** With 9 others
- **Jul** **[Kongsberg Ferrotech](https://millionrounds.com/company/kongsberg-ferrotech)** Seed · NO · NATO Innovation Fund (NIF) **$14M** With 1 other
- **2024** 1 round
- **Jul** **[Heimdall Power](https://millionrounds.com/company/heimdall-power)** Series B · NO · Firms' own news pages **$25M** With 7 others
- **2018** 1 round
- **Feb** **[Unacast](https://millionrounds.com/company/unacast)** NO · FinSMEs **$18M** With 2 others
- **2015** 4 rounds
- **Sept** **[Swarm64](https://millionrounds.com/company/swarm64)** Series A **$8.0M** With 2 others
- **Aug** **[Fronteer Solutions AS](https://millionrounds.com/company/fronteer-solutions-as)** Seed · NO **$1.0M** Sole investor
- **Mar** **[Viva Labs](https://millionrounds.com/company/viva-labs)** Seed · NO **$435K** With 1 other
- **Feb** **[poLight](https://millionrounds.com/company/polight)** Growth · NO **$19M** With 4 others
- **2014** 2 rounds
- **Dec** **[Novelda AS](https://millionrounds.com/company/novelda-as)** Series A · NO **$12M** With 2 others
- **Feb** **[Boost Communications](https://millionrounds.com/company/boost-communications)** Venture · NO **$1.5M** With 1 other
- **2013** 1 round
- **Sept** **[Soundrop](https://millionrounds.com/company/soundrop)** Series B · NO · techcrunch.com **$3.4M** With 1 other
- **2012** 5 rounds
- **Oct** **[Verdande Technology](https://millionrounds.com/company/verdande-technology)** Venture · NO · in.finance.yahoo.com **$8.0M** With 2 others
- **Jul** **[Numascale](https://millionrounds.com/company/numascale)** Venture · NO · finsmes.com **$3.5M** With 1 other
- **May** **[bMobilized](https://millionrounds.com/company/bmobilized)** Series A · US · techcrunch.com **$1.5M** With 1 other
- **Feb** **[Boost Communications](https://millionrounds.com/company/boost-communications)** Venture · NO · finsmes.com **$4.4M** With 1 other
- **Jan** **[BerGenBio](https://millionrounds.com/company/bergenbio)** Series A · NO · finsmes.com **$8.8M** With 1 other
- **2011** 1 round
- **Jul** **[poLight](https://millionrounds.com/company/polight)** Series B · NO · marketwire.com **$19M** With 2 others
- **2010** 5 rounds
- **Nov** **[Havgul Clean Energy](https://millionrounds.com/company/havgul-clean-energy)** Venture · NO · finsmes.com **$8.1M** With 2 others
- **Sept** **[Ping Communication](https://millionrounds.com/company/ping-communication)** Venture · NO · finsmes.com **$3.6M** With 2 others
- **Aug** **[Verdande Technology](https://millionrounds.com/company/verdande-technology)** Venture · NO · investinor.no **$6.4M** With 2 others
- **Mar** **[Energy Micro](https://millionrounds.com/company/energy-micro)** Venture · NO · altassets.com **$13M** With 1 other
- **Jan** **[SantoSolve](https://millionrounds.com/company/santosolve)** Series C · NO · onbiovc.com **$5.5M** With 2 others
- **2009** 2 rounds
- **Nov** **[Innotech Solar](https://millionrounds.com/company/innotech-solar)** Venture · NO · innotechsolar.com **$9.1M** Sole investor
- **Sept** **[Numascale](https://millionrounds.com/company/numascale)** Venture · NO · numascale.com **$4.9M** With 1 other

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 **37** 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.

Funds they back

## 3 fund commitments on record

- **Managers:** 2

Every fund on record that it has committed money to, and the managers who invest it. Source: an LP list.

Managers it backs most

- [Antler Nordics 1 fund](https://millionrounds.com/fund/antler-nordics)
- [Skyfall Ventures 1 fund](https://millionrounds.com/fund/skyfall-ventures)

Most recent commitments

- [Antler Nordics](https://millionrounds.com/fund/antler-nordics)
- [Skyfall Ventures](https://millionrounds.com/fund/skyfall-ventures)
- Unconventional Venutres

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Energy Micro](https://millionrounds.com/company/energy-micro)** Bought by Silicon Laboratories **$170M** Jun 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$21M** the round, not its cheque Alone, median **$5.1M**

Led 0 of 24 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Jul 2025
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Venture *10*
- Series A said *5*
- Seed said *3*
- Series B said *3*
- Growth said *1*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Alliance Venture](https://millionrounds.com/fund/alliance-venture) 6
- [ProVenture](https://millionrounds.com/fund/proventure) 3
- [Northzone](https://millionrounds.com/fund/northzone) 2
- [Statoil](https://millionrounds.com/fund/statoil) 2
- [Televenture Management](https://millionrounds.com/fund/televenture-management) 2
- [Viking Venture Management](https://millionrounds.com/fund/viking-venture-management) 2

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## Who they invest alongside

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

[**Alliance Venture** VC firm **6** rounds together](https://millionrounds.com/fund/alliance-venture)[**ProVenture** VC firm **3** rounds together](https://millionrounds.com/fund/proventure)[**Northzone** VC firm **2** rounds together](https://millionrounds.com/fund/northzone)[**Statoil** Investment firm **2** rounds together](https://millionrounds.com/fund/statoil)[**Televenture Management** VC firm **2** rounds together](https://millionrounds.com/fund/televenture-management)[**Viking Venture Management** VC firm **2** rounds together](https://millionrounds.com/fund/viking-venture-management)

## Recently backed

The latest companies Investinor put money into.

[**Actithera** $76M · Jul 2025](https://millionrounds.com/company/actithera)[**Kongsberg Ferrotech** $14M · Jul 2025](https://millionrounds.com/company/kongsberg-ferrotech)[**Heimdall Power** $25M · Jul 2024](https://millionrounds.com/company/heimdall-power)

## Quick answers about Investinor

### What does Investinor invest in?

Investinor invests most often at Venture and Series A (65% of the rounds on record), in sectors such as Chip, SaaS and Subscription.

### How active is Investinor?

24 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2025.

### What has Investinor invested in recently?

Its most recent investments on record: Actithera (Series A, Jul 2025), Kongsberg Ferrotech (Seed, Jul 2025) and Heimdall Power (Series B, Jul 2024).

### How big are Investinor's cheques?

The median round it joins is $21M.

### Does Investinor lead rounds?

Rarely, if at all: none of its 24 investments on record names it as the lead.

### Where does Investinor invest?

Most of the companies it backs are in Norway (91%).

### Is Investinor investing now?

No investments in the last 12 months; the latest was in Jul 2025.

### Who does Investinor invest alongside?

Most often Alliance Venture (6 rounds together), ProVenture (3 rounds together) and Northzone (2 rounds together).

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