NVCA Member Funds

Norwegian VC Fund Dashboard

Track active and past investments across Norway's leading venture capital and private equity funds. Built for secondaries analysis and deal sourcing.

NVCA Members
73
Total AUM
NOK 2130.1B
Active Investments
2006
Total Exits
1309
Showing 73 of 73 members

MP Pensjon

Oslo · Est. 1944

Other Investment

One of Norway's largest private pension funds, managing long-term savings for TINE SA employees since 1944. Invests primarily in Norwegian equities and bonds with a focus on sustainable, long-term capital management.

Norwegian EquitiesFixed IncomeSustainable Investing+1
AUM
Active
211
Exited
151
Oldest Active
12 yr

DNB Livforsikring

Oslo · Est. 1990

Fund Investor

DNB's life insurance arm, a major LP in Norwegian and Nordic PE and VC funds.

InsuranceFund InvestmentsPE+1
AUM
NOK 50.0B
Active
177
Exited
86
Oldest Active
12 yr

Investinor

Trondheim · Est. 2008

Såkorn & Venture

Government-backed evergreen fund. Consolidated forvaltningskapital NOK 5.4B + NOK 1.7B øvrig (Q4 2025). 33 employees. 130+ direct investments and 40+ fund commitments across Direkte 2008/2013/2018/2024 and Fond-i-fond 2020/2023 mandates.

InvestinorDirekteNord-Norge
TechnologyHealthEnergy+2
AUM
NOK 5.5B
Active
115
Exited
95
Oldest Active
12 yr
Deployed (tracked)NOK 748M

Farvatn

Bergen · Est. 2010

Family Office

Bergen-based family office ultimately owned 100% by JO ODFJELL AS (Odfjell family). Operates through four main vehicles: Farvatn Venture AS (VC), Farvatn Private Equity AS (PE), Farvatn Capital AS (capital/listed equities), and Farvatn Medinvestering 1 & 2 AS (co-investment). Portfolio spans 80+ companies across MedTech, deep tech, aquaculture, clean energy, maritime, and real estate.

FarvatnMedinvestering 2Private EquityCapitalMedinvestering 1
MedTechDeep TechClimate+2
AUM
NOK 3.0B
Active
108
Exited
70
Oldest Active
11 yr

Startuplab

Oslo · Est. 2012

Såkorn & Venture

Oslo's leading deep tech community and early-stage investor. Home to Cognite, Kahoot!, and Spacemaker.

Deep TechB2B SaaSAI+1
AUM
NOK 350M
Active
101
Exited
46
Oldest Active
10 yr
Deployed (tracked)NOK 22M

TRK Group

Oslo · Est. 2010

Family Office

Personal investment holding company of Trond Riiber Knudsen (founder of Katapult). 100+ direct investments in early-stage Norwegian startups across AI, health, edtech, and consumer tech.

AISaaSHealth Tech+3
AUM
Active
101
Exited
51
Oldest Active
11 yr

Skyfall Ventures

Oslo · Est. 2019

Såkorn & Venture

Oslo-based early-stage VC backing Norwegian and Nordic founders. Operates Fund I and Fund II alongside co-investment SPVs (Skyfall 18, Skyfall 21). LP base includes Investinor Indirekte II and a broad angel network.

Skyfall VenturesFund IFund IIFund II HoldingSPV 18SPV 21SPV 20SPV 23SPV 17SPV 22SPV 19GP / Management Company
AIHealth TechFintech+3
AUM
Active
65
Exited
17
Oldest Active
12 yr

Ferd Capital

Lysaker · Est. 1998

Family Office

Andresen family office with NOK 35B+ AUM. Minority and majority investments in Nordic private and listed companies.

IndustrialsTechnologyHealthcare+1
AUM
NOK 20.0B
Active
59
Exited
56
Oldest Active
12 yr
Deployed (tracked)NOK 2.3B

Gjensidige Forsikring

Oslo · Est. 1816

Fund Investor

Major Norwegian insurance group and LP investor in Nordic private equity and venture capital funds.

InsuranceAlternative InvestmentsNordic PE
AUM
NOK 80.0B
Active
56
Exited
68
Oldest Active
12 yr

Viking Growth

Oslo · Est. 2020

Growth & Buyout

Norwegian growth equity investor targeting SaaS and tech-enabled businesses.

SaaSTech-enabled ServicesGrowth
AUM
NOK 1.5B
Active
50
Exited
0
Oldest Active
2 yr

Stratel

Oslo · Est. 2008

Family Office

Norwegian investment company focused on technology and telecom.

TechnologyTelecomDigital
AUM
NOK 800M
Active
47
Exited
33
Oldest Active
12 yr

Idekapital

Oslo · Est. 2009

Såkorn & Venture

Norwegian seed fund focused on early-stage technology and innovation companies.

SeedTechInnovation
AUM
NOK 200M
Active
45
Exited
30
Oldest Active
12 yr
Deployed (tracked)NOK 8M

DSD

Stavanger · Est. 2000

Other Investment

Stavanger-based investment company in energy and maritime technology.

EnergyMarineTechnology
AUM
NOK 250M
Active
45
Exited
14
Oldest Active
12 yr

Invent2

Oslo · Est. 2008

Other Investment

Technology transfer office for the University of Oslo (UiO) and Oslo University Hospital.

Life SciencesDeep TechUniversity Spinouts
AUM
NOK 300M
Active
43
Exited
51
Oldest Active
12 yr

Alliance Venture

Oslo · Est. 2001

Såkorn & Venture

Early-stage Nordic VC with 60+ portfolio companies. Backs purpose-driven tech founders with global ambitions across SaaS, AI, fintech, and health.

SaaSFintechDeveloper Tools+2
AUM
NOK 1.8B
Active
42
Exited
25
Oldest Active
12 yr
Deployed (tracked)NOK 427M

Norvestor

Oslo · Est. 1989

Growth & Buyout

35-year-old Norwegian PE building Nordic champions. Fund IX at €1.5B (2023).

TechnologyServicesB2B+1
AUM
NOK 18.0B
Active
33
Exited
1
Oldest Active
7 yr
Deployed (tracked)NOK 2.1B

Argentum

Bergen · Est. 2001

Fund Investor

Government-backed Nordic fund-of-funds with NOK 15B+ AUM, investing in PE and VC funds across Scandinavia.

Fund of FundsNordic PEVenture+1
AUM
NOK 15.0B
Active
31
Exited
7
Oldest Active
12 yr

Katapult

Oslo · Est. 2017

Såkorn & Venture

Impact-first VC and accelerator. 169 portfolio companies from 100+ countries solving the world's greatest challenges.

Impact TechClimateAgriTech+1
AUM
NOK 500M
Active
29
Exited
14
Oldest Active
11 yr
Deployed (tracked)NOK 98M

Norinnova

Tromsø · Est. 2002

Såkorn & Venture

Northern Norway's leading seed investor, commercialising research from UiT Arctic University.

Marine TechHealthArctic Tech+1
AUM
NOK 400M
Active
27
Exited
29
Oldest Active
12 yr
Deployed (tracked)NOK 33M

Aars

Oslo · Est. 2000

Family Office

Norwegian family investment company with diversified holdings in technology and real estate.

TechnologyReal EstateConsumer
AUM
NOK 1.5B
Active
27
Exited
39
Oldest Active
12 yr

Arendals Fossekompani

Arendal · Est. 1896

Other Investment

Norwegian industrial investment company with 125+ years of history, active globally in technology and energy.

IndustrialsTechnologyEnergy+1
AUM
NOK 8.0B
Active
23
Exited
38
Oldest Active
12 yr
Deployed (tracked)NOK 200M

Sarsia Seed

Bergen · Est. 2006

Såkorn & Venture

Bergen-based seed fund backing research-based and deep tech companies from Western Norway. Sarsia Seed Fond II backed by Investinor, KLP, Nysnø and Trond Mohn Foundation.

Life SciencesPharmaClimate Tech+2
AUM
NOK 350M
Active
22
Exited
20
Oldest Active
12 yr
Deployed (tracked)NOK 30M

Runway FBU

Oslo · Est. 2019

Såkorn & Venture

Nordic sports and consumer lifestyle VC operating from Bislett Stadium in Oslo.

Sports TechConsumerLifestyle+1
AUM
NOK 150M
Active
22
Exited
2
Oldest Active
12 yr

Altor

Stockholm / Oslo · Est. 2003

Growth & Buyout

Large pan-Nordic PE firm with €9B+ AUM. Strong Norwegian presence across healthcare, consumer and services.

NordicBuyoutServices+2
AUM
NOK 80.0B
Active
22
Exited
7
Oldest Active
12 yr

Equinor Technology Ventures

Stavanger · Est. 2016

Corporate Venture

Corporate VC arm of Equinor. 82+ investments in early-phase and growth companies supporting sustainable energy. $10–50M typical deal size.

Energy TechClean EnergyDigitalization+1
AUM
NOK 5.0B
Active
22
Exited
27
Oldest Active
12 yr
Deployed (tracked)NOK 75M

SINTEF TTO

Trondheim · Est. 2003

Other Investment

Technology transfer office for SINTEF, Europe's largest independent research organisation.

Deep TechIndustrial ResearchEnergy+1
AUM
NOK 200M
Active
22
Exited
17
Oldest Active
12 yr

Grieg Kapital

Bergen · Est. 2005

Family Office

Investment arm of the Grieg family (shipping dynasty), focused on maritime, ocean, and sustainability.

MaritimeOceanSustainability+1
AUM
NOK 5.0B
Active
22
Exited
21
Oldest Active
12 yr

Herfo

Oslo · Est. 2015

Family Office

Norwegian family office investing in technology and consumer companies.

TechnologyConsumerReal Estate
AUM
NOK 1.0B
Active
22
Exited
59
Oldest Active
12 yr

HitecVision

Stavanger · Est. 2002

Growth & Buyout

Stavanger-based PE specialising in energy sector buyouts across the value chain, including energy transition.

EnergyOil & GasEnergy Transition
AUM
NOK 45.0B
Active
21
Exited
20
Oldest Active
12 yr
Deployed (tracked)NOK 9.2B

Bluefront Equity

Oslo · Est. 2021

Growth & Buyout

Oslo-based growth equity firm targeting B2B technology and SaaS across the Nordics.

TechnologySaaSB2B+1
AUM
NOK 4.0B
Active
21
Exited
1
Oldest Active
6 yr

ProVenture

Trondheim · Est. 2003

Såkorn & Venture

Norwegian seed fund with 3 funds and over NOK 1B under management. Proventure Seed II focuses on oil well technology and energy services.

Seed IISeed III
Oil Well TechnologyEnergy TechSubsea+1
AUM
NOK 1.1B
Active
20
Exited
10
Oldest Active
12 yr

Sondo

Oslo · Est. 2020

Såkorn & Venture

Oslo pre-seed/seed fund backing Norwegian-connected founders. 22+ portfolio companies. Backed by KLP, Investinor, Sandwater, Atomico and 100+ angels.

Pre-SeedSeedSaaS+3
AUM
NOK 150M
Active
20
Exited
0
Oldest Active
4 yr
Deployed (tracked)NOK 10M

Skyfall Invest AS

Oslo · Est. 2017

Fund Investor

The principal holding/anchor investor in the Skyfall Ventures network, owned by Vesper Invest, Inch Invest and PSM Invest.

Technology
AUM
Active
20
Exited
8
Oldest Active
12 yr

Hadean Ventures

Oslo · Est. 2014

Såkorn & Venture

Dedicated life science VC in Oslo. 19 active portfolio companies across pharma, biotech, MedTech, and digital health.

Life SciencesBiotechMedTech+1
AUM
NOK 600M
Active
19
Exited
4
Oldest Active
9 yr
Deployed (tracked)NOK 190M

Sandwater

Oslo · Est. 2021

Såkorn & Venture

Oslo VC investing in resource efficiency, robotics, sustainable food, medical devices, and energy transition. Backed by EIF and Sixth Stockholm.

Health TechClimate TechAgriTech+2
AUM
NOK 1.2B
Active
19
Exited
2
Oldest Active
5 yr
Deployed (tracked)NOK 202M

Triton

London / Oslo / Frankfurt · Est. 1997

Growth & Buyout

International PE with €10B+ AUM and significant Nordic portfolio including Norwegian companies.

IndustrialsServicesHealthcare+1
AUM
NOK 100.0B
Active
17
Exited
17
Oldest Active
12 yr

Tidligfasekapital Vestland

Bergen · Est. 2020

Såkorn & Venture

Regional early-stage fund for Western Norway (Vestland), commercialising research and startups.

RegionalDeep TechMaritime+1
AUM
NOK 180M
Active
16
Exited
7
Oldest Active
11 yr

Equip Capital

Oslo · Est. 2015

Growth & Buyout

Norwegian PE investing in consumer, retail, and service companies in the Nordic region.

ConsumerRetailServices
AUM
NOK 3.0B
Active
16
Exited
7
Oldest Active
7 yr

Verdane Capital

Oslo · Est. 1985

Growth & Buyout

Leading Nordic growth PE with 184+ portfolio companies. Notable exits: Storytel (IPO), BEWI (IPO), Instabox (unicorn).

TechnologyDigitalSustainability+1
AUM
NOK 30.0B
Active
15
Exited
7
Oldest Active
12 yr
Deployed (tracked)NOK 950M

Cubera

Oslo · Est. 2005

Fund Investor

Nordic fund-of-funds and secondaries investor providing access to PE and VC funds.

Fund of FundsSecondariesNordic PE
AUM
NOK 8.0B
Active
15
Exited
4
Oldest Active
9 yr

Oxidane Venture

Oslo · Est. 2021

Såkorn & Venture

Specialist VC dedicated to water technology and environmental solutions.

Climate TechWater TechEnvironmental
AUM
NOK 180M
Active
14
Exited
0
Oldest Active
5 yr

FSN Capital

Oslo · Est. 2000

Growth & Buyout

Leading Northern European mid-market PE. Fund VI at €1.8B (2021), Compass Fund at €400M (2024). 50+ portfolio companies.

ServicesTechnologyGreen Transition+1
AUM
NOK 22.0B
Active
14
Exited
4
Oldest Active
11 yr
Deployed (tracked)NOK 3.0B

Spike Venture

Oslo · Est. 2018

Såkorn & Venture

Early-stage Norwegian VC backing ambitious founders in AI and B2B software.

SaaSAIB2B Tech
AUM
NOK 120M
Active
13
Exited
6
Oldest Active
5 yr

Eviny Ventures

Bergen · Est. 2021

Corporate Venture

Corporate VC arm of Eviny (BKK), the second-largest Norwegian energy company.

Energy TransitionRenewable EnergyCleantech
AUM
NOK 500M
Active
13
Exited
5
Oldest Active
8 yr

Northzone

Oslo / London · Est. 1996

Såkorn & Venture

One of Europe's top multi-stage VC firms since 1996. 250+ portfolio companies, 8 unicorns. Notable exits: Spotify, Klarna, iZettle, Kahoot!.

SaaSFintechConsumer Tech+2
AUM
NOK 10.0B
Active
11
Exited
5
Oldest Active
7 yr
Deployed (tracked)NOK 2.9B

Summa Equity

Oslo · Est. 2016

Growth & Buyout

Impact-driven Nordic PE with ~€2.4B AUM. Invests in companies contributing to UN SDGs.

ImpactSustainabilityTechnology+1
AUM
NOK 20.0B
Active
11
Exited
9
Oldest Active
9 yr
Deployed (tracked)NOK 1.5B

Levantor Capital

Oslo · Est. 2013

Family Office

Norwegian family office with investments across real estate, technology, and consumer sectors.

Real EstateTechnologyConsumer
AUM
NOK 1.5B
Active
10
Exited
8
Oldest Active
8 yr

Skagerak Capital

Kristiansand · Est. 2010

Såkorn & Venture

Southern Norway VC (Kristiansand) backed by Investinor, SpareBank 1 Sør-Norge and regional funds. Skagerak Capital III focuses on B2B SaaS, industrial AI and deep tech.

B2B SaaSDeep TechIndustrial AI+1
AUM
NOK 200M
Active
9
Exited
7
Oldest Active
9 yr

Longship

Oslo · Est. 2019

Growth & Buyout

Norwegian growth equity and buyout investor in technology-enabled Nordic companies.

TechnologyNordicGrowth
AUM
NOK 3.5B
Active
9
Exited
1
Oldest Active
5 yr

Statkraft Ventures

Oslo · Est. 2019

Corporate Venture

Corporate VC arm of Statkraft (Europe's largest renewable energy producer), investing in clean energy startups.

Renewable EnergyEnergy FlexibilityClimate Tech
AUM
NOK 1.5B
Active
9
Exited
2
Oldest Active
6 yr
Deployed (tracked)NOK 80M

Founders & Fools

Oslo · Est. 2021

Såkorn & Venture

Oslo micro-VC democratising early-stage investing for founders, angels, and young professionals. $1.5M+ deployed across 3+ portfolio companies in mobile, marketing, and sustainability.

Pre-SeedSeedMobile+2
AUM
NOK 30M
Active
8
Exited
0
Oldest Active
5 yr
Deployed (tracked)NOK 4M

Nysnø Klimainvesteringer

Stavanger · Est. 2018

Såkorn & Venture

Government-owned climate fund. 50+ direct investments and fund commitments in companies reducing GHG emissions.

Climate TechClean EnergySustainability+1
AUM
NOK 1.4B
Active
7
Exited
10
Oldest Active
7 yr
Deployed (tracked)NOK 1.1B

Turnstone Private Equity

Oslo · Est. 2010

Fund Investor

Norwegian PE fund investor and co-investment manager, active in the Nordic secondaries market.

Fund of FundsCo-investmentsPE Secondaries
AUM
NOK 3.0B
Active
7
Exited
1
Oldest Active
9 yr

Momentum

Bergen · Est. 2017

Såkorn & Venture

Bergen-based VC/holding company (Momentum Invest & Holding AS) controlled by Farvatn Venture (82.5%). Invests in tech startups across health, AI, and fintech.

Health TechAISaaS+2
AUM
NOK 400M
Active
6
Exited
9
Oldest Active
8 yr

Green River Investment

Oslo · Est. 2015

Såkorn & Venture

Norwegian cleantech and sustainability-focused VC.

CleantechSustainabilityEnergy
AUM
NOK 300M
Active
6
Exited
0
Oldest Active
7 yr

Axcel

Copenhagen / Oslo · Est. 1994

Growth & Buyout

Leading Nordic buyout firm with strong presence across Denmark, Sweden, and Norway.

NordicBuyoutServices+1
AUM
NOK 25.0B
Active
6
Exited
6
Oldest Active
8 yr

Bring Ventures

Oslo · Est. 2020

Corporate Venture

Corporate VC arm of Posten Norge (Norway Post), investing in logistics and e-commerce innovation.

Logistics TechLast-mile DeliveryE-commerce
AUM
NOK 300M
Active
6
Exited
0
Oldest Active
5 yr

Laerdal Invest AS

Stavanger · Est. 2010

Family Office

Investment arm of the Laerdal family (Laerdal Medical), focused on MedTech and digital health.

MedTechDigital HealthLife Sciences
AUM
NOK 2.0B
Active
5
Exited
34
Oldest Active
12 yr

Obligo Investment Management

Oslo · Est. 2003

Fund Investor

Norwegian alternative investment manager specialising in fund-of-funds across private equity and real assets.

Fund of FundsPrivate EquityAlternatives
AUM
NOK 10.0B
Active
5
Exited
13
Oldest Active
10 yr

Scale Leap Capital

Oslo · Est. 2019

Såkorn & Venture

Norwegian VC supporting scalable digital businesses at seed and early growth stage.

SaaSMarketplaceDigital
AUM
NOK 150M
Active
4
Exited
0
Oldest Active
5 yr

Yara Growth Ventures

Oslo · Est. 2019

Corporate Venture

Corporate VC arm of Yara International, investing in agricultural technology for sustainable food systems.

AgriTechFood TechSustainability+1
AUM
NOK 1.0B
Active
4
Exited
0
Oldest Active
5 yr
Deployed (tracked)NOK 40M

EQT

Stockholm (Nordic ops from Oslo) · Est. 1994

Growth & Buyout

Global PE and infrastructure investor with €130B+ AUM and significant Nordic portfolio companies.

TechnologyHealthcareServices+1
AUM
NOK 1200.0B
Active
3
Exited
0
Oldest Active
12 yr

DNB Venture

Oslo · Est. 2018

Corporate Venture

Corporate VC arm of DNB, Norway's largest bank, investing in fintech and digital innovation.

FintechFinancial ServicesDigital
AUM
NOK 800M
Active
3
Exited
6
Oldest Active
11 yr
Deployed (tracked)NOK 60M

Bertel O. Steen Kapital

Oslo · Est. 2012

Family Office

Investment arm of Bertel O. Steen (automotive group), investing in mobility and adjacent technology.

MobilityAutomotiveTech+1
AUM
NOK 4.0B
Active
3
Exited
6
Oldest Active
7 yr

Propagator

Oslo · Est. 2018

Såkorn & Venture

Oslo-based early-stage VC backing Nordic tech founders at the earliest stages.

SaaSMarketplaceConsumer Tech+1
AUM
NOK 250M
Active
2
Exited
0
Oldest Active
6 yr

EnvisionTech

Oslo · Est. 2016

Såkorn & Venture

Norwegian VC focused on deep tech and industrial innovation.

Deep TechAIEnergy+1
AUM
NOK 200M
Active
2
Exited
3
Oldest Active
5 yr

Corinthian Venture Partners

Oslo · Est. 2017

Såkorn & Venture

Oslo-based venture fund investing in early-stage Nordic B2B tech companies.

B2B SaaSFintechDigital Health
AUM
NOK 300M
Active
2
Exited
0
Oldest Active
4 yr

Nordic Capital

Stockholm / Oslo · Est. 1989

Growth & Buyout

Major pan-Nordic PE with €25B+ AUM, active in Norwegian healthcare and technology.

HealthcareTechnologyFinancial Services+1
AUM
NOK 250.0B
Active
2
Exited
0
Oldest Active
9 yr

Adelis Equity

Stockholm / Oslo · Est. 2012

Growth & Buyout

Nordic mid-market PE focused on services, healthcare, and education buyouts.

NordicServicesHealthcare+1
AUM
NOK 10.0B
Active
2
Exited
0
Oldest Active
6 yr

Credo Partners

Oslo · Est. 2011

Growth & Buyout

Norwegian mid-market PE focused on healthcare, life sciences, and quality-driven services.

HealthcareLife SciencesServices
AUM
NOK 4.0B
Active
1
Exited
13
Oldest Active
3 yr

Waterland

Amsterdam / Oslo · Est. 1999

Growth & Buyout

International PE specialising in buy-and-build strategies in healthcare and business services.

ServicesHealthcareBuy-and-Build
AUM
NOK 65.0B
Active
1
Exited
0
Oldest Active
4 yr

The Factory

Oslo · Est. 2016

Såkorn & Venture

Startup studio and seed fund in Oslo focused on digital media and consumer products.

Digital MediaConsumerSaaS
AUM
NOK 100M
Active
0
Exited
0
Oldest Active

Å Energi Invest

Arendal · Est. 2020

Corporate Venture

Corporate investment arm of Å Energi (Norwegian energy company) focused on clean energy transition.

Energy TransitionRenewable EnergyCleantech
AUM
NOK 400M
Active
0
Exited
0
Oldest Active