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Innovation Norway — Portfolio

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

50
Companies
$69.5M
Total invested
$1.6M
Avg. check
65
Industries
Software 8Information Technology 4Renewable Energy 3SaaS 3Health Care 3Artificial Intelligence (AI) 2+59 more
Founder contacts

Verified emails & LinkedIn for founders across this portfolio.

jane@on●●●●●●●.com
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Portfolio companies

Showing 124 of 50
SenseTask
September 2021

SenseTask is a startup that processes documents using AI technologies.

Artificial Intelligence (AI) · Iasi$467K Grant
Cartesian
September 2025

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

Energy Efficiency · TrondheimNon-equity Assistance
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
WindSpider
July 2024

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

Manufacturing · Sandnes$1.6M Grant
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
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
Observe Medical
March 2026

Observe Medical Nordic AB develops digital monitoring equipment for kidney

Health Care · Gothenburg$1.5M Post-IPO Debt
Ofiniti
March 2026

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

Oslo$6.8M Seed
AirDodge AS
January 2025

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

Aerospace · Oslo$500K Pre-Seed
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
Aker Horizons
January 2025

Aker Horizons is a planet-positive investment company.

Incubators · FornebuPost-IPO Debt
Hyperhuman
January 2023

AI-Powered Health & Fitness Video Platform

Computer Vision · Bucharest$212K Grant
Avisomo
January 2025

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

Agriculture · Jessheim$3.5M Venture - Series Unknown
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
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
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
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
Aviant
October 2024

End-to-end drone service for transport of cargo

Drones · Trondheim$1.0M Grant
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

Where Innovation Norway invests

Software8
Information Technology4
Renewable Energy3
SaaS3
Health Care3
Artificial Intelligence (AI)2

About Innovation Norway's portfolio

How many companies has Innovation Norway invested in?

Innovation Norway has invested in 50 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, Renewable Energy, SaaS, Health Care. 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 $69.5M.

What is the average investment size for Innovation Norway?

Innovation Norway's average investment size is $1.6M across its portfolio of 50 companies.

What are Innovation Norway's most recent investments?

Recent Innovation Norway portfolio additions include SenseTask, Cartesian, Skyfri, AlumatIQ, WindSpider. These companies were founded in 2020 or later.

Reach the founders behind these 50 companies
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