Alliance VC logo

Alliance VC

Europe, Oslo, Norway, Oslo

Description

Alliance VC is a prominent Nordic venture capital firm headquartered in Oslo, Norway, with a clear focus on investing in exceptional early-stage technology companies. The firm targets pre-seed and seed-stage startups, emphasizing partnerships with purpose-driven founders who are building scalable business models with the potential for global impact. Their investment philosophy is centered on identifying companies that demonstrate strong product-market fit potential and a clear vision for growth, aiming to be active partners in their portfolio companies' journeys.

While sector-agnostic within the technology landscape, Alliance VC shows a particular interest in high-growth areas such as SaaS, Fintech, Healthtech, Edtech, and Climate Tech. Their typical first cheque size ranges from NOK 5 million to NOK 20 million, which, based on recent exchange rates, translates to approximately $465,116 to $1,860,465 USD. This strategic investment range allows them to provide significant initial capital to promising startups, often participating in follow-on rounds to support continued growth and development.

Founded in 2018, Alliance VC has rapidly established a strong presence in the Nordic startup ecosystem. The firm has successfully raised multiple funds, including Fund I and Fund II, underscoring its sustained commitment to the early-stage investment market. Their diverse portfolio currently comprises over 30 companies across various technology verticals, reflecting their broad investment mandate and dedication to fostering innovation within the region and beyond. Alliance VC leverages its extensive network and expertise to provide strategic guidance and operational support, aiming to accelerate the success of its portfolio companies.

Investor Profile

Alliance VC has backed more than 65 startups, with 3 new investments in the last 12 months alone. The firm has led 26 rounds, about 40% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Norway, United States, Sweden.
  • Strong thematic focus on Software, Information Technology, Analytics.
  • Led 2 rounds in the past year.
  • Typical check size: $465.1K – $1.9M.

Stage Focus

  • Seed (42%)
  • Series A (23%)
  • Series Unknown (12%)
  • Series B (11%)
  • Pre Seed (9%)
  • Series C (2%)
  • Non Equity Assistance (2%)

Country Focus

  • Norway (54%)
  • United States (20%)
  • Sweden (12%)
  • The Netherlands (5%)
  • Finland (5%)
  • United Kingdom (5%)

Industry Focus

  • Software
  • Information Technology
  • Analytics
  • Saas
  • Fintech
  • Artificial Intelligence (Ai)
  • Machine Learning
  • Developer Platform
  • Enterprise Software
  • Hardware
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Alliance VC frequently co-invest with?

Antler
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Heavybit
North America, California, United States, San Francisco
Co-Investments: 3
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 3
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Viking Venture
Europe, Sor-Trondelag, Norway, Trondheim
Co-Investments: 4
Struck Capital
North America, California, United States, Santa Monica
Co-Investments: 3
Skyfall Ventures
Europe, Oslo, Norway, Oslo
Co-Investments: 3
Costanoa Ventures
North America, California, United States, Palo Alto
Co-Investments: 3
Northzone
Europe, England, United Kingdom, London
Co-Investments: 4
Investinor
Europe, Sor-Trondelag, Norway, Trondheim
Co-Investments: 10

Which angels does Alliance VC often collaborate with?

GR
North America, California, United States, San Francisco
Shared Deals: 1
SS
North America, California, United States, San Francisco
Shared Deals: 1
EE
North America, Florida, United States, Miami
Shared Deals: 2
AS
Europe, Oslo, Norway, Oslo
Shared Deals: 1
EW
North America, California, United States, San Francisco
Shared Deals: 1
AS
North America, Massachusetts, United States, Boston
Shared Deals: 1
CB
North America, California, United States, San Francisco
Shared Deals: 2
OT
Europe, England, United Kingdom, London
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 2
AG
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Alliance VC?

Tana

Palo Alto, California, United States

Tana is a software development company developing a knowledge management platform that integrates AI into everyday work.

Artificial Intelligence (AI)Information TechnologySaaSSoftware
Series AFeb 3, 2025
Amount Raised: $14,000,000
Lightbringer

Lund, Skane Lan, Sweden

Lightbringer is an online platform that allows companies to create and manage their patent assets using AI

Generative AIIntellectual PropertySaaS
SeedDec 18, 2024
Amount Raised: $4,347,043
Deckmatch

Oslo, Oslo, Norway

Deckmatch is an AI-driven platform that enhances investment deal flow by automating routine tasks for venture capital professionals.

AnalyticsArtificial Intelligence (AI)Information Technology
SeedNov 11, 2024
Amount Raised: $3,000,000
Versiro

Trondheim, Sor-Trondelag, Norway

Versiro is a real-time, multi-market decision support platform for electrical power assets.

Real TimeSoftware
SeedJul 3, 2024
Amount Raised: $2,471,131
Steep

Stockholm, Stockholms Lan, Sweden

Steep is a BI tool for modern companies. Built for the semantic layer, it’s intuitive and easy for everyone in the organization.

AnalyticsData CenterSoftware
SeedJul 3, 2024
Amount Raised: $4,297,619
Ciloo

Rotterdam, Zuid-Holland, The Netherlands

Ciloo is an operator of a global on-demand platform intended to provide e-commerce software for branded products and corporate gifts.

E-CommerceInternetMarketplaceSoftware
Series UnknownFeb 15, 2024
Mjuk

Vantaa, Southern Finland, Finland

Marketplace for pre-owned, unique design furniture

Marketplace
SeedSep 12, 2023
Amount Raised: $2,150,642
Deckmatch

Oslo, Oslo, Norway

DeckMatch simplifies routine tasks through automation, helping VC professionals optimize their workflow and concentrate on their tasks.

AnalyticsArtificial Intelligence (AI)Information Technology
Pre SeedAug 15, 2023
Amount Raised: $1,090,453
Bits Technology

Stockholm, Stockholms Lan, Sweden

The Bits platform both orchestrates and automates the management of other fintechs’ infrastructure providers with a low-code experience.

Financial ServicesFinTech
SeedApr 27, 2023
Amount Raised: $4,412,639
1X

Moss, Ostfold, Norway

1X is an AI and robotics company that designs and develops humanoid robots to address global labor needs.

Artificial Intelligence (AI)HardwareManufacturingRobotics
Series AMar 23, 2023
Amount Raised: $23,500,000