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Innovation Norway

Europe, Oslo, Norway, Oslo

Description

Norwegian Government's most important instrument for innovation and development of Norwegian enterprises and industry

Investor Profile

Innovation Norway has made 69 investments, with 6 in the past 12 months and 46% as lead.

Stage Focus

  • Grant (58%)
  • Seed (16%)
  • Series Unknown (9%)
  • Debt Financing (7%)
  • Pre Seed (4%)
  • Non Equity Assistance (1%)
  • Angel (1%)
  • Post Ipo Debt (1%)
  • Undisclosed (1%)

Country Focus

  • Norway (93%)
  • Romania (4%)
  • Luxembourg (1%)
  • United States (1%)

Industry Focus

  • Software
  • Information Technology
  • Artificial Intelligence (Ai)
  • Saas
  • Analytics
  • Renewable Energy
  • Big Data
  • Apps
  • Real Estate
  • Machine Learning
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FAQ

Frequently Asked Questions

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

Who does Innovation Norway frequently co-invest with?

OBOS Forsikring
Europe, Oslo, Norway, Oslo
Co-Investments: 1
NTNU Discovery
Europe, Hordaland, Norway, Bergen
Co-Investments: 1
Bring Ventures
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 1
Norwegian Research Council
Europe, Oslo, Norway, Oslo
Co-Investments: 4
DNB
Europe, Oslo, Norway, Oslo
Co-Investments: 3
The Nordic Web Ventures
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 1
European Innovation Council
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 1
RunwayFBU
Europe, Akershus, Norway, Fornebu
Co-Investments: 1
Luminar Ventures
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 1
Blommenholm Industrier
Europe, Oslo, Norway, Oslo
Co-Investments: 1

What are some of recent deals done by Innovation Norway?

Avisomo

Jessheim, Akershus, Norway

Avisomo is an AgriTech startup that develops vertical farming plant factory solutions.

AgTech
GrantJan 28, 2025
Amount Raised: $1,669,056
SportAI

Oslo, Oslo, Norway

SportAI is a B2B sports technology company at the forefront of enhancing sports technique analysis insights via API solutions.

Computer VisionInformation TechnologyMachine LearningSoftwareSports
GrantJan 27, 2025
Amount Raised: $811,014
Morrow Batteries

Oslo, Oslo, Norway

Morrow Batteries is to develop and manufacture the world’s most cost-effective and sustainable battery cells.

BatteryElectrical DistributionElectronicsManufacturing
Debt FinancingDec 17, 2024
Amount Raised: $133,995,988
AirDodge AS

Oslo, Oslo, Norway

AirDodge provides U-Space and UTM services for drones ensuring safety, compliance, and minimization of carbon emissions.

AerospaceDrone ManagementDronesInternet of ThingsRobotics
GrantSep 20, 2024
Amount Raised: $49,172
WindSpider

Sandnes, Rogaland, Norway

WindSpider is passionate about lifting high and heavy and contributing to the energy shift.

ManufacturingRenewable EnergySemiconductor
GrantJul 1, 2024
Amount Raised: $1,643,454
Leasi

Trondheim, Sor-Trondelag, Norway

Leasi is a software that enables companies to run machines and equipment efficiently by providing a complete overview across the fleet.

Fleet ManagementSaaSSoftware
GrantJul 1, 2024
Vianode

Oslo, Oslo, Norway

Vianode is a producer of sustainably engineered battery materials.

BatteryManufacturingRenewable EnergySemiconductor
GrantMar 14, 2024
Amount Raised: $32,648,548
Cartesian

Trondheim, Sor-Trondelag, Norway

Cartesian provide modular and cost-effective energy storage systems for large heating and cooling systems.

Energy EfficiencyEnergy Storage
GrantFeb 23, 2024
Amount Raised: $759,203
Plaace

Oslo, Oslo, Norway

Plaace helps retail property owners, tenants, and brokers to define strategies, match candidates, and collaborate through data analytics.

AnalyticsReal EstateSaaSSoftware
SeedJan 12, 2024
Amount Raised: $970,314
AirDodge AS

Oslo, Oslo, Norway

AirDodge provides U-Space and UTM services for drones ensuring safety, compliance, and minimization of carbon emissions.

AerospaceDrone ManagementDronesInternet of ThingsRobotics
GrantJan 10, 2024
Amount Raised: $48,286