Fundraising Fox

Alliance VC

Venture capital

Oslo · Pre-Seed–Series B · 14 people tracked

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Investment thesis

Alliance VC backs exceptional early-stage tech companies started by Nordic founders with global ambitions. The firm believes the most successful companies solve real problems and scale in ways that create long-term profit alongside environmental and social sustainability. It views investing as a mutual, long-term partnership with founders and emphasizes hands-on, action-oriented support rather than marketing claims of being 'founder friendly.' Run by experienced venture capitalists, operators, and founders who have helped build billion-dollar companies, Alliance partners with founders from the Nordics to scale globally, with a growing focus on AI transforming industries.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series B
HQ
Oslo, NO
Leads rounds
Leads
Instruments
Equity
Founded
2001
AUM
$100M
Tracked investments
82

Team · 14 people

from the firm's website & curated & public directories

Founder mafia

4 people who came through Alliance VC went on to found or lead other companies.

What they invest in

from 59 of 82 portfolio companies

SaaS ×33AI & Machine Learning ×30Enterprise Software ×13Fintech ×7Hardware ×7Developer Tools ×6Future of Work ×6Deep Tech ×5

HQs:Norway×14United States×8Sweden×4Denmark×1Finland×1United Kingdom×1

Who they back

founder profiles across 14 portfolio companies
43%
solo founders
6 of 14 mapped founding teams

Founding team size:solo founder×62 founders×43 founders×4

Where their founders studiedfrom 10 founders with education data

University of Oslo ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 82 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12016 · 13 dated

Datalogixoracle.comNYSE: ORCL

Oracle sells enterprise database software, applications and cloud infrastructure, and has grown through large acquisitions including PeopleSoft, Siebel and Sun Microsystems.

Austin, US

Co-investorsAdvancit CapitalAkkadian VenturesAlliance VentureBessemer Venture PartnersElevate VenturesEnergy Transition Ventures+19 more

Encoreencore.devin𝕏✓ verified

Encore is a backend development platform that lets developers declare cloud infrastructure directly in application code, run a local environment mirroring the cloud, and automatically provision production infrastructure in their own AWS or GCP accounts.

Cloud ComputingDeveloper ToolsSaaSStockholm, SE

Marcus Kohlberg(Founder)inAndré Eriksson(Founder)

Co-investorsESSENCE VCKleiner PerkinsAlliance VentureCrane Venture PartnersDig Ventures Management LimitedEssence Venture Capital

Fika Jobsfikajobs.aiin✓ verified

Fika Jobs runs video conversations with an AI agent to build a candidate profile that goes beyond a CV, then matches job seekers with companies based on salary, culture, and other parameters.

AI & Machine LearningHR TechMarketplaces

Co-investorsLuminar VenturesAlliance VentureWave Ventures

&Repeat

Reusable/deposit-based takeaway packaging company reducing environmental impact.

Co-investorsAlliance Venture

1X

AI and robotics company producing humanoid androids.

1X Technologies1x.techin𝕏

1X is an AI and robotics company developing general-purpose humanoid robots for home and industrial use.

AI & Machine LearningConsumerHardwareRoboticsPalo Alto, US

Bernt Øyvind Børnich(CEO)Bernt Børnich(Founder)in

Co-investorsAlliance VentureEQT VenturesSamsung NextSandwaterSkagerak CapitalSprettert+8 more

3D Perception3d-perception.comin𝕏

3D perception builds immersive visual display systems for simulation, offering turn-key solutions for land, sea, air, and space applications.

Deep TechDefense TechHardware

Co-investorsAlliance VentureVenturEastYourNest Venture Capital

AlexisHRalexishr.cominacquired by Simployer

AlexisHR provides an AI-powered HRIS and chatbot that gives HR teams, managers, and employees conversational access to people data, handbook information, and HR processes through tools like Slack and Teams.

AI & Machine LearningHR TechSaaS

Co-investorsAlliance VentureSpintop Ventures

AllClear IDallclearid.comin

AllClear ID Health provides patient identity management solutions for healthcare providers using mobile IDs and EHR integrations to eliminate patient record mismatching and enable digital health innovation.

AI & Machine LearningCybersecurityDigital HealthHealthtechAustin, US

Jamie May(Executive Officer, Director)Christine Mallory(Executive Officer)John Long(Director)James Holland(Executive Officer, Director)

BoardSean Dempsey(Director)

Co-investorsAlliance VentureMerus CapitalRunway Growth Capital

Altuagetgrunt.comin

Grunt AI is an intelligent automation platform that generates presentations and transforms data into visual slides for users seeking to create content faster.

AI & Machine LearningEnterprise SoftwareMarketing Tech

Co-investorsAlliance Venture

Apexx
APEXX Globalapexx.globalin

APEXX Global operates a payment orchestration platform that connects enterprise and high-growth merchants to global acquirers, payment providers, digital wallets, and BNPL options through a single API.

Enterprise SoftwareFintechSaaS

Peter Keenan(Founder)in

Co-investorsAlliance VentureFinch CapitalMMC VenturesMolten VenturesAlliance Ventures

Aprila
Aprila Bankaprila.noin

Aprila Bank ASA is a financial technology company that provides API-based lending and financial products to small and medium-sized businesses and retail customers in Norway.

FintechNorway, NO

Espen Engelberg(CFO)

Co-investorsAlliance VentureFJ Labs

Aquabyteaquabyte.ai

Aquabyte develops an AI-powered platform combining computer vision and machine learning to monitor fish health, welfare, behavior, and biomass for aquaculture farms at sea and on land.

AgTechAI & Machine LearningIoTNorway, NO

Co-investorsAlliance VentureGraphene VenturesStruck CapitalAlaya CapitalArcTern VenturesCostanoa Ventures+1 more

Ark Kapitalarkkapital.comin

Gilion provides non-dilutive debt funding of €0.5–5m to European startups, with interest-only payments for the first two years followed by a four-year repayment period.

AI & Machine LearningFintechSaaS

Co-investorsAlliance VentureEmblemKima Ventures

Armarm.comin𝕏

Arm is a semiconductor company that designs and licenses processor IP and compute platforms used from edge devices to AI data centers, spanning markets such as data centers, automotive, and general computing.

AI & Machine LearningDeep TechHardwareSemiconductorsCambridge, GB

Rene Haas(Chief Executive Officer & Board Member)Spencer Collins(Chief Legal Officer & Company Secretary)

Co-investorsSoftBank GroupAlliance VentureSoftBank Vision FundStrategxy Ventures LLCLB InvestmentMaverick Silicon

Arundoarundo.comin

Arundo builds AI-driven software for asset-heavy industrial operations, offering both cloud-delivered SaaS applications and tailored end-to-end solutions built on its Arundo Foundation technology stack.

Advanced ManufacturingAI & Machine LearningSaaS

Co-investorsAlliance Venture

Axiaaxia.no

Axia offers software for warehouse and logistics operations, including a warehouse management system (WMS), transport management system (TMS), shipping/dispatch organization, and outbound goods control.

Enterprise SoftwareLogistics & Supply ChainSaaS

Co-investorsAlliance Venture

Bits
Bits Technologybits.biin

Bits provides a compliance platform for regulated financial companies, covering KYB, KYC, AML risk scoring, transaction monitoring, ongoing due diligence, and case management.

AI & Machine LearningFintechSaaSStockholm, SE

Fredrik Eriksson(Founder)Jonatan Klintberg(Founder)Robin Lantz(Founder)

Co-investorsAlstin CapitalAlliance VentureUnusual VenturesFin Capital

Boostboost.aiin

Boost.ai provides a conversational AI platform offering chat and voice virtual agents with generative and agentic capabilities for enterprises in regulated industries.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsAlliance Venture

Boost AI
by Ardoqshiftx.comAcquired

ShiftX is a process management tool that lets teams map, document, and improve business processes by turning people, systems, and other actors into reusable components.

Enterprise SoftwareFuture of WorkSaaS

Co-investorsAlliance VentureSkagerak Capital

by Lumessein𝕏

Cornerstone offers Workforce AI, a platform for workforce readiness that combines learning, skills mapping, mentoring, and AI agents to help organizations reskill employees and close skills gaps.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaS

by Plumchoicesquaretrade.com

SquareTrade, part of Allstate Protection Plans, sells product protection plans and extended warranties covering consumer devices and household goods such as smartphones, appliances, TVs, and furniture.

ConsumerInsurTechRetail Tech

Co-investorsAlliance VentureSavano Capital Partners

by ServiceNowswarm64.com

Co-investorsAlliance Venture

by The Orchardsendr.se

Co-investorsAlliance Venture

by Vismaequalitycheck.it

Co-investorsAlliance Venture

Capniacapnia.comin

Capnia offers the CoSense ETCOc Monitor, a non-invasive breath test that measures end-tidal carbon monoxide to detect and quantify hemolysis and bilirubin production in newborns.

Digital HealthHardwareMedical Devices

Anthony E. Burgos(Co-Founder and President of Bilitool, Inc.)

Co-investorsAlliance Venture

Ciloociloo.cominFeb 2024

Ciloo is a global eCommerce platform for managing branded merchandise, promotional products, and prints, using a network of local, on-demand production partners to cut shipping costs and waste.

E-commerceEnterprise SoftwareSaaS

Co-investorsAlliance Venture

Cognitecognite.comin

Cognite provides an Industrial AI and data platform that ingests, contextualizes, and manages operational data for industrial teams to optimize production, reduce downtime, and apply AI across workflows.

Advanced ManufacturingAI & Machine LearningData & Infrastructure

Co-investorsAccelAlliance VentureTCV

Confirmitconfirmit.comin𝕏Acquired

Confirmit (Forsta) offers an AI-powered human experience platform that collects and connects data to generate insights and recommended actions, serving brands across industries.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsAlliance VentureSkagerak Capital

Deckmatchdeckmatch.comin

DeckMatch (AlphaLens) provides a deal-flow platform for venture investors that ingests pitch decks and documents from email, web forms, uploads, a Chrome extension, or API and uses vision LLM technology to parse them into structured company records.

Co-investorsAlliance VentureLuminar VenturesFirst Degree CapitalSkyfall Ventures

EndFormendform.devin𝕏

Endform runs Playwright end-to-end test suites in the cloud, executing each test in parallel on its own isolated machine by switching a single CLI command against an existing Playwright config.

Cloud ComputingDeveloper ToolsSaaS

Co-investorsAlliance Venture

Enodeenode.io

Enode provides APIs that connect and optimize distributed energy devices such as EVs, chargers, home batteries, solar panels and heat pumps, giving energy companies a single integration to build energy and flexibility products.

Climate TechDeveloper ToolsEnergyIoT

Henrik Langeland(Founder)in

Co-investorsCreandumLowercarbon CapitalAlliance VentureBoxGroupSkyfall Ventures

Equality Checkequalitycheck.comin

Equality Check offers a DEIB (diversity, equity, inclusion, and belonging) platform that combines employee surveys with anonymous demographic mapping and analytics to help companies diagnose workplace issues and act on them.

Future of WorkHR TechSaaS

Marie(Founder)

Co-investorsAlliance Venture

Eventumeventum.noin𝕏

Eventum is a Norwegian online platform for finding and booking event venues, meeting rooms, conference and party locations, experiences and event services, letting users compare venues by location, capacity, facilities and price and send non-binding requests directly to the venue.

ConsumerMarketplacesSaaS

Co-investorsAlliance Venture

Fusefuse.noin

Fuse builds and operates custom digital products for companies, offering an integrated platform covering data management (Studio), mobile apps, payments, web apps, user-engagement automation, and end-to-end hosting and maintenance.

Developer ToolsEnterprise SoftwareSaaSOslo, NO

Co-investorsAlliance Venture

General Intuitiongeneralintuition.comin𝕏

General Intuition is an AI research organization focused on developing general artificial intelligence through learning and play-based approaches, utilizing game environments and reinforcement learning to teach machines perception, anticipation, and real-world reasoning capabilities.

AI & Machine LearningDeep Tech

Vincent Micheli(Co-founder)inPim de Witte(Co-founder)in

Co-investorsActivant CapitalAlliance VentureBackedBascom VenturesCastor Ventures (an Alumni Ventures Fund)Chapter One+10 more

Giliongilion.comin

Gilion provides non-dilutive growth funding for SaaS scaleups and offers an AI-based investment platform that helps bankers and investors make faster financing decisions.

AI & Machine LearningFintechSaaS

Co-investorsAlliance Venture

Globus AIglobus.aiin

Globus provides an AI Agent applicant tracking system (ATS) for staffing and recruitment agencies, with agents that automate workflow steps such as vacancy management, shortlisting, screening, scheduling, and compliance while keeping recruiters in control.

AI & Machine LearningHR TechSaaSPalo Alto, US

Helge Bjorland(Executive Officer, Director)

Co-investorsAlliance Venture

Gruntgrunt.proin

Grunt AI is an automation tool that generates presentation slides and converts data into visuals.

AI & Machine LearningSaaS

Co-investorsAlliance VentureBoldcapFoundation CapitalGaia Ventures

Helppy

Finnish neighborhood home-care platform offering a tech-enabled alternative to traditional elderly home care.

Co-investorsAlliance VentureIcebreaker

Hembyhemby.com

Co-investorsAlliance Venture

Hemihemihealth.com

Hemi is a specialized private clinic for diagnosing and treating headache disorders — including migraine, tension headache, cluster headache, concussion, and whiplash-related symptoms — in both children and adults.

Digital HealthHealthtechWellness & FitnessFrederiksberg, DK

Co-investorsAlliance VentureSondo CapitalCrowberry Capital

Hemi Healthhemi-ai.comin

HEMI (Health Medical Intelligence) is a proprietary clinical AI engine that connects hospitals, clinicians, and patients within one system of care.

AI & Machine LearningDigital HealthHealthtech

Co-investorsCrowberry CapitalSondo Capital

Indy Kiteindykite.comin𝕏

IndyKite provides a runtime control layer for enterprise AI, applying live context signals like identity, provenance, and compliance to secure AI agents, govern unstructured data use, and enforce access control at the moment of use.

AI & Machine LearningCybersecurityEnterprise Software

Co-investorsAlliance VentureMolten Ventures

invisioninvisionapp.comin𝕏acquired by Miro

InVision was a New York-based digital product design and collaboration software company; its domain now resolves to Miro.

AI & Machine LearningFuture of WorkSaaSNew York City, US

Co-investorsAccelAlliance VentureAtlassian VenturesEscalate Capital PartnersGeodesic CapitalICONIQ

Kvist Solutionskvistsolutions.comin

Kvist offers an AI-based platform that drafts descriptions and identifies outstanding tasks for environmental requirements, helping construction and property teams collect and report sustainability data across a building portfolio.

AI & Machine LearningClimate TechPropTech

Co-investorsAlliance Venture

Lace Lithographylacelithography.comin

Lace develops chip patterning technology for semiconductor manufacturing.

Advanced ManufacturingDeep TechSemiconductorsBergen, NO

Adrià Salvador Palau(Founder)

Co-investorsAlliance VentureFuture VenturesLinse CapitalM12 (Microsoft's Venture Fund)Vsquared Ventures

Lightbringerlightbringer.comin

Lightbringer is a full-service patent management provider that combines AI agents with licensed patent attorneys to draft, file, and prosecute patents, including office action management and portfolio maintenance.

AI & Machine LearningLegalTechSaaS

Co-investorsAlliance VentureInception FundLuminar VenturesNewion6 Degrees Capital

Medalmedal.tv𝕏Apr 2016

Medal is a free software application for recording, editing, and sharing gameplay highlights on PC and mobile.

Creator EconomyGamingHealthtechSan Francisco, US

Andrew McMurry(Executive Officer, Director)

BoardDaniel Kaminsky(Director)

Co-investorsAlliance VentureAlpha EdisonHorizons VenturesJoyance PartnersOMERS VenturesRidge Ventures+2 more

Medal TV
Megacool

Mobile game clip sharing company; acquired by Medal.tv.

Co-investorsAlliance Venture

Memoscalememoscale.com

Co-investorsAlliance Venture

Mjukmjukhome.com

Mjuk is an e-commerce retailer offering products to consumers across EU markets, with dedicated storefronts for Finland and Sweden.

Direct to ConsumerE-commerce

Co-investorsAlliance VentureLifeline VenturesSuperhero CapitalTrind Ventures

Mjuk Home
Nevionnevion.comin𝕏

Nevion builds IP, virtualization, and cloud-based media transport and processing products for broadcasters, including video compression codecs (Virtuoso), broadcast orchestration and control software (VideoIPath), and a cloud-native media processing platform supporting SMPTE ST 2110 workflows.

Cloud ComputingEnterprise SoftwareMedia & Entertainment

Co-investorsAlliance Venture

Newcodenewcode.ai

Newcode.ai offers an agentic AI platform for legal professionals that automates document review, drafting, and insight extraction through customizable workflows deployed on-cloud or on-premise.

AI & Machine LearningLegalTechSaaSDublin, IE

Co-investorsAlliance VentureLegalTech

Exits · 4

IPOs and acquisitions across the tracked portfolio

DatalogixNYSE: ORCLAlexisHRacq. by Simployerinvisionacq. by MiroShiftXacq. by Ardoq

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Alliance VC made?
Alliance VC has 82 tracked investments, 3 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Alliance VC invest at?
Alliance VC invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Alliance VC focus on?
Alliance VC focuses on AI & Machine Learning, Deep Tech, Enterprise Software, Fintech, Healthtech, HR Tech, Impact & Social Good, LegalTech, Robotics, SaaS, Sector Agnostic.
Where is Alliance VC located?
Alliance VC is headquartered in Oslo, NO.
Does Alliance VC lead rounds?
Yes, Alliance VC leads investment rounds.
Who does Alliance VC co-invest with?
Alliance VC most often shares deals with Alliance Venture, Sondo Capital, Skagerak Capital, among 105 tracked co-investors.

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