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Innovation Norway — Portfolio

Investor actively backing innovative startups and growth-stage companies across various industries and funding rounds.

51
Companies
$594.8M
Total invested
$11.7M
Avg. check
65
Industries
Software 7Information Technology 4Health Care 3Renewable Energy 3SaaS 3Drones 2+59 more
Founder contacts

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Portfolio companies

Showing 1–24 of 51
AirDodge AS
October 2026

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

Aerospace · Oslo$460K Seed
Jenz
October 2026

Jenz is an AI agent that automates e-commerce back-office operations by connecting and acting across a retailer’s systems.

Oslo$607K Pre-Seed
Circio
June 2026

Targovax develops active immunotherapy in the form of cancer vaccines for application in post-operation treatments.

Biotechnology · Oslo$31.5M Post-IPO Equity
Ofiniti
March 2026

Ofiniti is a platform designed for businesses to streamline operations through digital maritime fuel distribution.

Oslo$6.8M Seed
Observe Medical
March 2026

Observe Medical Nordic AB develops digital monitoring equipment for kidney

Health Care · Gothenburg$1.5M Post-IPO Debt
reTyre
January 2026

Award-winning, sustainable tyre manufacturer, and the first company in the world capable of mass-producing reusable, pneumatic tyres.

Product Design · Ski$8.2M Venture - Series Unknown
SportAI
November 2025

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

Computer Vision · Oslo$3.0M Seed
Aurora Analytica
October 2025

Aurora Analytica advances global health by optimizing the clinical trial lifecycle with cutting-edge technology and AI.

Biotechnology · Oslo$50K Grant
Cartesian
September 2025

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

Energy Efficiency · TrondheimNon-equity Assistance
Avisomo
January 2025

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

Agriculture · Jessheim$3.5M Venture - Series Unknown
Aker Horizons
January 2025

Aker Horizons is a planet-positive investment company.

Incubators · FornebuPost-IPO Debt
Aviant
October 2024

End-to-end drone service for transport of cargo

Drones · Trondheim$1.0M Grant
WindSpider
July 2024

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

Manufacturing · Sandnes$1.6M Grant
Leasi
July 2024

B2B, SaaS, Enterprise, Construction

Asset Management · Oslo$1.2M Pre-Seed
Intoto
April 2024

Water data startup using AI, IoT, and big data to improve understanding and management of water in a sustainable way

Analytics · Kvinesdal$912K Pre-Seed
Plaace
January 2024

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

Analytics · Oslo$970K Seed
Lace Lithography
July 2023

Lace Lithography develops chip patterning technology, aiming to extend Moore's Law and enable future chip production.

Semiconductor · Bergen$496K Seed
N2 Applied
January 2023

N2 Applied develops a technology that enables farmers to produce their own fertilizer using slurry, air, and electricity.

Agriculture · Oslo$10.8M Private Equity
Hyperhuman
January 2023

AI-Powered Health & Fitness Video Platform

Computer Vision · Bucharest$212K Grant
laiout
December 2022

We will forever change the way early stage architectural floor plans are designed; providing better solutions and saving weeks of time.

Architecture · Oslo$1.0M Grant
VoxiKids
December 2022

Transforming pediatric speech therapy with AI&AR. VoxiKids- learning app, and VoxiClinic, empowering therapists. Complete child development

Artificial Intelligence (AI) · Bucurestii Noi$211K Grant
Skyfri
July 2022

Skyfri is a cleantech company that provides solar asset owners with a platform that automates operations, maintenance, and asset management.

CleanTech · Oslo$5.0M Convertible Note
AlumatIQ
July 2022

AlumatIQ specializes in industrial robotics, automation, and digitalization in the aluminum industry.

Industrial · Mosjøen$2.6M Undisclosed
Foody
April 2022

Foody is tool for restaurants to build a professional profile on a portal with take-away shop and dine-in order system.

E-Commerce · Oslo$250K Seed

Where Innovation Norway invests

Software7
Information Technology4
Health Care3
Renewable Energy3
SaaS3
Drones2

About Innovation Norway's portfolio

How many companies has Innovation Norway invested in?▸

Innovation Norway has invested in 51 companies tracked in our database. The portfolio spans multiple industries and funding stages, from seed-stage startups to late-stage companies.

What industries does Innovation Norway invest in?▸

Innovation Norway's top investment sectors include Software, Information Technology, Health Care, Renewable Energy, SaaS. The firm invests across 65 different industry categories.

What is Innovation Norway's largest investment?▸

Among tracked funding rounds, Circio received $31.5M in a Post-IPO Equity round. Innovation Norway's total known invested capital is $594.8M.

What is the average investment size for Innovation Norway?▸

Innovation Norway's average investment size is $11.7M across its portfolio of 51 companies.

What are Innovation Norway's most recent investments?▸

Recent Innovation Norway portfolio additions include AirDodge AS, Jenz, Circio, Ofiniti, Observe Medical. These companies were founded in 2020 or later.

Reach the founders behind these 51 companies
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