DNB

DNB, Norway's largest financial services group with total assets exceeding NOK 3 trillion (approximately $300 billion USD), actively engages with the startup ecosystem through its corporate venturing arm, often identified as DNB Ventures or DNB New Business. This strategic investment unit focuses on fostering innovation and identifying companies that can complement DNB's extensive financial services offerings. Their investment thesis primarily revolves around fintech, digital solutions, and technologies that can enhance customer experience or operational efficiency within the banking sector.

DNB Ventures typically participates in funding rounds for promising startups, often alongside other venture capital firms and strategic investors. While specific "first check" sizes are not consistently disclosed, their portfolio indicates a preference for companies in the later seed to early growth stages, rather than very early-stage pre-seed investments. For instance, they have backed companies like Aprila Bank and Horde, demonstrating their commitment to supporting innovative solutions in the Nordic financial landscape.

As a strategic investor, DNB's involvement extends beyond capital provision, often including potential partnerships, market access, and industry expertise. Their investment activities are integral to DNB's broader innovation strategy, aiming to stay at the forefront of digital transformation in financial services. With over 10 reported investments to date, DNB Ventures plays a crucial role in shaping the future of finance by supporting emerging technologies and business models that align with their long-term strategic objectives.