About the Norway angel investor scene
As of August 2026, Datapile tracks 114 verified angel investors and venture capitalists in Norway. Sectors most represented: Technology, Fintech, AI/ML.
Datapile maintains a continuously verified database of 114+ angel investors and venture capitalists in Norway. The interactive list above shows the most active investors with role, firm, city, and direct LinkedIn profiles. Use the search and filters to narrow by industry, stage, or city — or read on for a deep dive into the Norway venture ecosystem.
Ten active angel investors in Norway
A sample of the 114 investors Datapile tracks in Norway. Verified emails and LinkedIn profiles are available in the full database.| Investor | Role | Firm | Focus | City |
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| Jan Biti | Managing Partner and Founder | CoFounder AS | Managing PartnerTechnology | Trondheim |
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| Erik Borgen | Chairman of the Board | We Are Learning | InvestorAI/ML | Oslo |
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| Geirr Tvedt | CEO and co-founder | Odins.AI | InvestorAI/MLangel investorsangel investorpre-seed | Oslo |
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| Christian Bryn | CEO - Partner | Positron Capital | VC PartnerTechnology | Oslo |
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| Arild Årdal | Chief Investment Officer | Gabler Investments | Gabler AS | InvestorTechnology | — |
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| Steinunn Thordardottir | Board Member and Chairman of the Board Credit Committee, previously Chairman Board Risk Committee | Arion banki | InvestorAI/ML | Oslo |
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| Jostein Vik | Partner | Viking Venture | VC PartnerTechnology | Trondheim |
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| Tellef Thorleifsson | CEO | Norfund | InvestorTechnologyventure capitalprivate equity | Oslo |
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| Atle Brynestad | Chairman | SeaDream Yacht Club | InvestorAI/ML | Oslo |
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| Stig Rognstad | Founder | Adm.dir and CEO | Norse Securities AS | InvestorTechnology | Oslo |
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$350.1M
Capital raised (tracked)
The Norway funding landscape
Innovation Norway provides grants, loans, and international market support. Strong in maritime tech, energy transition, and sustainability. Government Pension Fund ($1.5T+) creates a financially sophisticated community.
Inside the Norway venture ecosystem
Best for industrial, energy, ocean, and climate-tech founders who can leverage Norway's offshore engineering base and deep pools of capital. Norway is especially strong for hardware and deep tech; as with the rest of the Nordics, the small home market means successful companies expand across the Nordics and globally early.
Top venture capital firms in Norway
The most active institutional investors funding startups in Norway, from pre-seed accelerators to growth-stage funds.
Alliance Venture
Series A in Norwegian tech with international scaling ambitions
Idékapital
Series A/B software and technology
Skyfall Ventures
Pre-seed and seed technology
SNÖ Ventures
Early-stage Nordic software
Antler (Oslo)
Day-zero company creation and pre-seed
Investinor
State investment company co-investing across stages
Landmark startup deals from Norway
Notable funding rounds and exits that have shaped the Norway startup landscape.
AutoStore
Warehouse robotics; listed on Oslo Børs at ~$12B, 2021
Kahoot!
Taken private by a Goldman Sachs-led group at ~$1.7B, 2023
Cognite
Industrial DataOps unicorn valued at ~$1.6B, 2021
Gelato
Print-on-demand unicorn backed by SoftBank Vision Fund 2
Where venture capital flows in Norway
The sectors that attract the bulk of Norway-based venture funding and why.
Industrial & energy tech
Cognite and the Aker ecosystem turn Norway's oil-and-gas engineering heritage into energy-transition software.
Ocean & climate tech
Aquaculture, offshore wind, and maritime give Norway a distinctive blue-economy and climate-tech edge.
Robotics & hardware
AutoStore shows Norway can build globally-dominant physical-automation companies.
Edtech & consumer
Kahoot! and No Isolation demonstrate strength in learning and human-centred consumer products.
Tax incentives and deal structures in Norway
Tax incentives for angel investors
Norway offers an angel deduction for investments in qualifying young companies: individuals can deduct up to NOK 1M per year invested in eligible startups (the company must meet age, size, and payroll conditions), with a minimum holding period. Companies also benefit from SkatteFUNN, an R&D tax scheme worth up to 19% of eligible R&D costs.
Common investment instruments
Convertible loans are common at pre-seed; priced rounds use shares in a Norwegian AS (aksjeselskap) on standard Norwegian Venture Capital Association templates.
Frequently asked questions about raising in Norway
What tax incentive does Norway offer angel investors?
Norway has a startup investment deduction (introduced in 2017 and later expanded) that lets individuals deduct up to NOK 1M per year invested in qualifying young companies from their taxable income. The target company must meet conditions on age, number of employees, and payroll, and the investor must hold the shares for a set minimum period. Separately, SkatteFUNN gives companies an R&D tax credit of up to 19% of eligible costs.
How does Norway's industrial heritage shape its startups?
Decades of world-class oil-and-gas, maritime, and hydropower engineering created deep expertise in heavy industry and large-scale data. Companies like Cognite (spun out of the Aker group) and AutoStore apply that expertise to industrial software and automation, and much of Norway's climate-tech activity — offshore wind, carbon capture, aquaculture — builds directly on this base.
What is Investinor and how does it support founders?
Investinor is Norway's state-owned investment company. It co-invests in Norwegian growth companies alongside private investors and also invests in venture funds, helping deepen the domestic capital base. Its involvement adds capital and signals confidence without displacing private VC leads.
Why do Norwegian startups expand across the Nordics early?
Norway's population is around 5.5 million, so venture-scale companies quickly outgrow the domestic market. Founders typically treat Sweden, Denmark, and Finland as a combined near-market and target the UK, Germany, or US soon after. AutoStore, Kahoot!, and Cognite all scaled internationally within a few years.
Recent funding rounds in Norway
The latest venture rounds raised by Norway-based startups — most recent activity August 2026. See who is deploying capital right now, then find the investors behind these deals.
See all Norway funding rounds →Angel investors by city in Norway
Drill into the cities with the most active angel investors and VC firms in Norway.
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