Venture capital firms in Norway backing hardtech

8 venture capital firms in Norway with documented hardtech investments. Funds that take equity in early and growth-stage companies and expect to exit. The ones listed here have put money into hardware, materials, energy or industrial technology, not only software.

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Alliance VC Venture Capital NOSEDKFI

Alliance VC (Alliance Venture) is a Nordic early-stage venture capital firm founded in 2001, with partners on the ground in Oslo, Stockholm, Copenhagen and Helsinki, backing Nordic founders with global ambitions. While its current thesis centers on applied AI and software, its portfolio includes verified hardtech bets such as 1X Technologies (humanoid robotics) and Aquabyte (computer-vision hardware for fish farming), and it is actively deploying its newly closed Alliance Nordic III fund.

Backed 1X Technologies (Halodi Robotics), Aquabyte

Antler Venture Capital SENODKFIINTL

Global early-stage venture capital firm with a dedicated always-on residency model in the Nordics, investing from day zero through Series C.

Backed Evyon (battery storage from repurposed EV batteries)

Investinor Venture Capital NO

Norway’s largest venture investor, providing growth capital to tech companies with international potential.

Backed Onio, Numascale, poLight

Katapult VC Venture Capital NO

Katapult is an Oslo-based impact investment platform founded in 2015 by Tharald Nustad, now spanning venture funds, accelerators and a foundation. Its dedicated ocean arm, Katapult Ocean, has made 90 investments in blue economy startups working on transportation, circularity, ocean data, energy and food and water.

Backed Zeabuz, Bound4Blue, Evoy, Flocean, Desolenator, Sand to Green

RunwayFBU Venture Capital NO

Early-stage VC fund, tech hub and industry software alliance based in Fornebu (Lysaker), Norway, investing $100k to $3m at pre-seed and seed into data-centric industrial technology that makes heavy industry more efficient, resilient and sustainable.

Backed Sonair (patented 3D ultrasonic sensor hardware for robot autonomy)

Sandwater Venture Capital NOEU

Sandwater is an Oslo based venture capital firm investing in early stage companies developing novel solutions in climate, energy and healthcare.

Backed 1X Technologies (humanoid robotics), Nofence (virtual fencing hardware), Evyon (second life battery storage), Antec Biogas (plug flow reactors), Filics (warehouse robotics), CardioSignal (cardiac digital biomarker device)

Snö Ventures Venture Capital NO

SNÖ Ventures is an Oslo-based early-stage VC investing in Nordic founders across software, gaming and consumer tech, with Peter Thiel as a strategic partner in its USD 100 million fund. Its one hardtech position is Nordic Air Defence, a drone interceptor maker it backed in 2024.

Backed Nordic Air Defence

Startuplab Venture Capital NO

Norway's leading incubator, accelerator and early-stage investor for tech startups, based in Oslo and Bergen, investing through its Founders Fund vehicle.

Backed Photoncycle (solid hydrogen seasonal energy storage hardware), Huddly (AI camera hardware), reMarkable (e-paper tablet hardware), Sensibel (MEMS sensor hardware)

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