# Investors based in Norway (2026 list) > 581 investors based in Norway, 4% active in the last 12 months. Led by Katapult, Startuplab, Innovation Norway. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-norway (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Norway Updated 7 November 2026 Firms headquartered in Norway, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Norway. [See all 581 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-norway)The top 25 **581** investors on the list No change this week **70** cheques in 12 months *+8%* against the market **$8.9M** median round they joined *+11%* against the market median **4%** wrote a cheque in 12 months **3%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (12) - 1 [Katapult](https://millionrounds.com/fund/katapult) *Deploying now* VC firm · Norway **83** **$1M** median round **Sept 2026** last seen - 2 [Startuplab](https://millionrounds.com/fund/startuplab) *Deploying now* Accelerator · Norway **53** **$1.1M** median round **Aug 2026** last seen - 3 [Innovation Norway](https://millionrounds.com/fund/innovation-norway) *Deploying now* Government · Norway **46** **$985K** median round **Jun 2026** last seen - 4 [Alliance VC](https://millionrounds.com/fund/alliance-vc) *Deploying now* VC firm · Norway **43** **$6.9M** median round **Sept 2026** last seen - 5 [Verdane](https://millionrounds.com/fund/verdane) *Deploying now* Private equity · Norway **36** **$19M** median round **Oct 2026** last seen - 6 [Alliance Venture](https://millionrounds.com/fund/alliance-venture) quiet VC firm · Norway **35** **$12M** median round **Jun 2019** last seen - 7 [Investinor](https://millionrounds.com/fund/investinor) quiet VC firm · Norway **24** **$21M** median round **Jul 2025** last seen - 8 [Verdane Capital Advisors](https://millionrounds.com/fund/verdane-capital-advisors) quiet VC firm · Norway **15** **$7.8M** median round **Oct 2015** last seen - 9 [Viking Venture Management](https://millionrounds.com/fund/viking-venture-management) quiet VC firm · Norway **15** **$10M** median round **Dec 2019** last seen - 10 [Ferd](https://millionrounds.com/fund/ferd) quiet Family office · Norway **14** **$28M** median round **Sept 2025** last seen - 11 [Convexa Capital Ventures](https://millionrounds.com/fund/convexa-capital-ventures) quiet VC firm · Norway **13** **$18M** median round **May 2012** last seen - 12 [Hadean Ventures](https://millionrounds.com/fund/hadean-ventures) *Deploying now* Private equity · Norway **11** **$26M** median round **Sept 2026** last seen - 13 [ProVenture](https://millionrounds.com/fund/proventure) quiet VC firm · Norway **11** **$1.2M** median round **Jun 2013** last seen - 14 [Equinor Ventures](https://millionrounds.com/fund/equinor-ventures) *Deploying now* Corporate VC · Norway **9** **$20M** median round **Nov 2025** last seen - 15 [Norfund](https://millionrounds.com/fund/norfund) *Deploying now* VC firm · Norway **8** **$35M** median round **Aug 2026** last seen - 16 [Norwegian Film Institute](https://millionrounds.com/fund/norwegian-film-institute) quiet Investment firm · Norway **8** **$106K** median round **Nov 2015** last seen - 17 [Norselab](https://millionrounds.com/fund/norselab) quiet VC firm · Norway **6** **$3.3M** median round **Sept 2019** last seen - 18 [Nysnø](https://millionrounds.com/fund/nysn-climate-investments) *Deploying now* VC firm · Norway **5** **$34M** median round **Jul 2026** last seen - 19 [EnvisionTech](https://millionrounds.com/fund/envisiontech) *Deploying now* Private equity · Norway **4** **$22M** median round **Jul 2026** last seen - 20 [Fjord Invest](https://millionrounds.com/fund/fjord-invest-management-as) quiet Private equity · Norway **4** **$12M** median round **Aug 2011** last seen - 21 [Sandwater](https://millionrounds.com/fund/sandwater) *Deploying now* VC firm · Norway **4** **$27M** median round **Jul 2026** last seen - 22 [Incitia Partners](https://millionrounds.com/fund/incitia-partners) quiet VC firm · Norway **4** **$5.5M** median round **Jul 2013** last seen - 23 [Nano Future Invest](https://millionrounds.com/fund/nano-future-invest) quiet VC firm · Norway **4** **$11M** median round **Mar 2014** last seen - 24 [Atlas Accelerator](https://millionrounds.com/fund/atlas-accelerator) quiet Accelerator · Norway **3** **$1.6M** median round **Dec 2013** last seen - 25 [Eviny Ventures](https://millionrounds.com/fund/eviny-ventures) *Deploying now* Corporate VC · Norway **3** **$10M** median round **Nov 2026** last seen **556 more on this list** All 581 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-norway) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Eviny Ventures](https://millionrounds.com/fund/eviny-ventures) - **5** Nov **[Claimlane](https://millionrounds.com/company/claimlane)** Series A · $6.3M *With* [Skagerak Capital](https://millionrounds.com/fund/skagerak-capital) - **29** Oct **[Fronted](https://millionrounds.com/company/fronted)** Seed · $1.9M *With* [Sondo Capital](https://millionrounds.com/fund/sondo-capital) - **26** Oct **[Akaysha Energy](https://millionrounds.com/company/akaysha-energy)** Debt · $1.2B *With* [DNB Ventures](https://millionrounds.com/fund/dnb-ventures) - **19** Oct **[Benford](https://millionrounds.com/company/benford)** Pre-seed · $5.7M *Led by* [Sondo Capital](https://millionrounds.com/fund/sondo-capital) - **15** Oct **[Solvera](https://millionrounds.com/company/solvera)** Pre-seed · $6.3M *With* [Sondo Capital](https://millionrounds.com/fund/sondo-capital) ## Stages This Year 64 rounds - Series A **20%** - Venture **20%** - Seed **17%** - Pre-seed **9%** - Other **8%** - Other **25%** ## What They Backed Sectors, last 12 months - AI **21** - Healthcare **8** - Energy **7** - Cleantech **6** - SaaS **6** - Manufacturing **5** ## Cheques by Quarter Led Joined 16 Q1 25 21 Q2 25 15 Q3 25 14 Q4 25 25 Q1 26 10 Q2 26 21 Q3 26 11 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states) - [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom) - [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada) - [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india) - [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany) - [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china) - [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates) - [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia) - [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Norway ### Who are the most active investors based in Norway? By cheques observed, the most active are Katapult, Startuplab, Innovation Norway, Alliance VC and Verdane. ### How many investors based in Norway are there? 581 are on record. 4% made an investment in the last 12 months and 3% have led a round. ### Which stages do investors based in Norway back? Of the rounds with a named stage in the last 12 months, mostly Series A (30%) and Seed (25%). ### How big are the rounds investors based in Norway join? The typical (median) round among the leading investors here is $11M. ### Which sectors do investors based in Norway back most? In the last 12 months, mostly AI, Healthcare and Energy. ### Which investors based in Norway lead the most rounds? Hadean Ventures (8 led), Verdane (3 led) and Norfund (2 led). ### What have investors based in Norway invested in recently? Recent rounds include Vensum Power (Series A, Nov 2026, with Eviny Ventures), Claimlane (Series A, Nov 2026, with Skagerak Capital) and Fronted (Seed, Oct 2026, with Sondo Capital). ### How is this list of investors based in Norway ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)