# Top 15 Biotech Startups in Norway by Funding (2026)

> The 15 best-funded biotech startups in Norway, ranked by total funding raised: $387M combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/biotech-startups-norway (Millionrounds; every figure on the page links to its filing or article)

- 1 [**OptiNose** OptiNose develops nasal drug delivery technologies and combined drug and device therapies.](https://millionrounds.com/company/optinose) OptiNose develops nasal drug delivery technologies and combined drug and device therapies. *Founded* 2000 Yardley, Norway **$151M** last round May 2017
- 2 [**Calluna Pharma** Calluna Pharma is a clinical-stage biotechnology company based in Oslo, Norway.](https://millionrounds.com/company/calluna-pharma) Calluna Pharma is a clinical-stage biotechnology company based in Oslo, Norway. *Founded* 2024 Oslo, Norway **$81M** last round Jan 2024
- 3 [**Alginor ASA** Alginor ASA seeks towards a sustainable and resource efficient future based on seaweed treasures from beyond the Arctic Circle.](https://millionrounds.com/company/alginor-asa) Alginor ASA seeks towards a sustainable and resource efficient future based on seaweed treasures from beyond the Arctic Circle. *Founded* 2014 Haugesund, Norway **$43M** last round Oct 2025
- 4 [**Circio** Targovax develops active immunotherapy in the form of cancer vaccines for application in post-operation treatments.](https://millionrounds.com/company/circio) Targovax develops active immunotherapy in the form of cancer vaccines for application in post-operation treatments. *Founded* 2010 Oslo, Norway **$32M** last round Jun 2026
- 5 [**Oncoinvent** Oncoinvent develops new radiopharmaceutical products for better treatment options for cancer patients.](https://millionrounds.com/company/oncoinvent) Oncoinvent develops new radiopharmaceutical products for better treatment options for cancer patients. *Founded* 2010 Bergen, Norway **$25M** last round Feb 2017
- 6 [**Your.MD**](https://millionrounds.com/company/your-md) *Founded* 2013 Norway **$18M** last round Jun 2017
- 7 [**Lytix Biopharma** Lytix Biopharma is a pharmaceutical company specializing in anti-microbials and cancer therapeutics.](https://millionrounds.com/company/lytix-biopharma) Lytix Biopharma is a pharmaceutical company specializing in anti-microbials and cancer therapeutics. *Founded* 2003 Oslo, Norway **$10M** last round Jan 2009
- 8 [**Cimon Medical** Cimon Medical develops and manufactures novel Doppler ultrasound technology for continuous and direct monitoring of blood-flow](https://millionrounds.com/company/cimon-medical) Cimon Medical develops and manufactures novel Doppler ultrasound technology for continuous and direct monitoring of blood-flow *Founded* 2020 Norway **$6.8M** last round Dec 2020
- 9 [**Zelluna Immunotherapy** Zelluna Immunotherapy is a privately owned Norwegian biopharmaceutical company.](https://millionrounds.com/company/zelluna-immunotherapy) Zelluna Immunotherapy is a privately owned Norwegian biopharmaceutical company. *Founded* - Oslo, Norway **$6.1M** last round Jun 2026
- 10 [**CardioMech** CardioMech develops devices for structural heart disease, offering alternatives to cardiac surgery, specifically for mitral valve issues.](https://millionrounds.com/company/cardiomech) CardioMech develops devices for structural heart disease, offering alternatives to cardiac surgery, specifically for mitral valve issues. *Founded* 2015 Trondheim, Norway **$5.0M** last round Aug 2019
- 11 [**Vitroscope** Vitroscope is a Norwegian life sciences startup founded in 2019, focusing on cloud-native microenvironment control systems for advanced cell and tissue models.](https://millionrounds.com/company/vitroscope) Vitroscope is a Norwegian life sciences startup founded in 2019, focusing on cloud-native microenvironment control systems for advanced cell and tissue models. *Founded* 2019 Trondheim, Norway **$5.0M** last round Nov 2026
- 12 [**Pre Diagnostics** Pre Diagnostics is an innovative Norwegian diagnostic company](https://millionrounds.com/company/pre-diagnostics) Pre Diagnostics is an innovative Norwegian diagnostic company *Founded* 2013 Norway **$1.6M** last round Nov 2015
- 13 [**Hemispherian** Hemispherian is a biotechnology firm that formulates new treatments for all kinds of cancer.](https://millionrounds.com/company/hemispherian) Hemispherian is a biotechnology firm that formulates new treatments for all kinds of cancer. *Founded* 2015 Oslo, Norway **$1.5M** last round Dec 2023
- 14 [**Aurora Analytica** Aurora Analytica advances global health by optimizing the clinical trial lifecycle with cutting-edge technology and AI.](https://millionrounds.com/company/aurora-analytica) Aurora Analytica advances global health by optimizing the clinical trial lifecycle with cutting-edge technology and AI. *Founded* - Oslo, Norway **$50K** last round Oct 2025
- 15 [**Thalasso** Thalasso is an ocean start-up committed to sustainable seaweed management, turning the sargassum problem into a solution.](https://millionrounds.com/company/thalasso) Thalasso is an ocean start-up committed to sustainable seaweed management, turning the sargassum problem into a solution. *Founded* 2020 Florø, Norway **$40K** last round Jun 2024

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back biotech startups in Norway in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More biotech lists

[See all](https://millionrounds.com/top-lists?t=Biotech)

[*IL* *NH* *CS* **Biotech startups in Europe** 1,665 companies · $22B](https://millionrounds.com/top-lists/biotech-startups-europe)[*GV* *IL* *RM* **Biotech startups that raised in 2026** 896 companies · $37B in 2026](https://millionrounds.com/top-lists/biotech-startups-raised-2026)[*IL* *CS* *ON* **Biotech startups in the United Kingdom** 588 companies · $15B](https://millionrounds.com/top-lists/biotech-startups-united-kingdom)[*GV* *RM* *M* **Biotech startups in the United States that raised in 2026** 498 companies · $32B in 2026](https://millionrounds.com/top-lists/biotech-startups-united-states-raised-2026)[*NH* *DT* *E* **Biotech startups founded in 2018** 368 companies · $14B](https://millionrounds.com/top-lists/biotech-startups-founded-2018)[*NR* *LL* *ST* **Biotech startups founded in 2020** 337 companies · $7.0B](https://millionrounds.com/top-lists/biotech-startups-founded-2020)[*E* *ET* *NA* **Biotech startups founded in 2019** 336 companies · $11B](https://millionrounds.com/top-lists/biotech-startups-founded-2019)[*IL* *RB* *VS* **Biotech startups founded in 2021** 275 companies · $12B](https://millionrounds.com/top-lists/biotech-startups-founded-2021)

## More lists for Norway

[See all](https://millionrounds.com/top-lists?r=Norway)

[*1T* *V* *O* **Startups in Norway** 295 companies · $5.5B](https://millionrounds.com/top-lists/startups-norway)[*1T* *C* *1* **AI startups in Norway** 35 companies · $1.5B](https://millionrounds.com/top-lists/ai-startups-norway)[*T* *M* *N* **IT Services startups in Norway** 25 companies · $102M](https://millionrounds.com/top-lists/it-services-startups-norway)[*A* *X* *S* **Big Data & Analytics startups in Norway** 20 companies · $287M](https://millionrounds.com/top-lists/big-data-startups-norway)[*SE* *N* *A* **Agtech startups in Norway** 18 companies · $197M](https://millionrounds.com/top-lists/agtech-startups-norway)[*U* *ES* *SR* **Software startups in Norway** 18 companies · $124M](https://millionrounds.com/top-lists/software-startups-norway)[*V* *IW* *ES* **Energy startups in Norway** 17 companies · $718M](https://millionrounds.com/top-lists/energy-startups-norway)[*LL* *H* *E* **Manufacturing startups in Norway** 13 companies · $139M](https://millionrounds.com/top-lists/manufacturing-startups-norway)