Norway’s startup ecosystem has grown rapidly over the past decade, producing scale-ups such as Kahoot!, Oda, reMarkable, and Otovo. Although smaller than Sweden’s, Norway benefits from strong engineering expertise (built on oil & gas and renewable energy industries), high digital adoption, and a growing pool of founders with global ambitions. Its venture capital landscape reflects this: combining government-backed evergreen funds, specialized impact and energy investors, corporate VCs, and international firms with local offices.

For founders, Norway today offers coverage across the funding spectrum — from pre-seed accelerators and government de-risking funds, to growth and late-stage private equity-style investors.

Below is a curated and fact-checked list of venture capital funds with presence in Norway, divided into major players and specialized funds. Each entry highlights stage focus, sector themes, portfolio examples, and local activity.