Alliance VC
Venture capitalOslo · Pre-Seed–Series B · 14 people tracked
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.
Team · 14 people
from the firm's website & curated & public directoriesFounder 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 companiesSaaS ×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 companiesFounding 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
Investments · 82 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 12016 · 13 dated
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
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 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
Reusable/deposit-based takeaway packaging company reducing environmental impact.
Co-investorsAlliance Venture
AI and robotics company producing humanoid androids.
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 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
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 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
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 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 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
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
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
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
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
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 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
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
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
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
Co-investorsAlliance Venture
Co-investorsAlliance Venture
Co-investorsAlliance Venture
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
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
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
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
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
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
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 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
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
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 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
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 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
Grunt AI is an automation tool that generates presentation slides and converts data into visuals.
AI & Machine LearningSaaS
Co-investorsAlliance VentureBoldcapFoundation CapitalGaia Ventures
Finnish neighborhood home-care platform offering a tech-enabled alternative to traditional elderly home care.
Co-investorsAlliance VentureIcebreaker
Co-investorsAlliance Venture
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 (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
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
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 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 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
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
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
Co-investorsAlliance Venture
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
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
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
Northern.tech provides device lifecycle management (DLM) software and services for IoT and connected devices, covering devices from design to decommission with a focus on over-the-air updates and security.
CybersecurityIoTSaaS
Co-investorsAlliance Venture
Novelda develops an ultra-wideband radar sensor that detects human presence and fine movements such as breathing and heartbeat.
HardwareIoTSemiconductors
Co-investorsAlliance Venture
Oda is an online grocery store offering food and household items at low prices with home delivery to consumers in Norway.
ConsumerE-commerceFoodTech
Co-investorsAlliance VentureCNISkyfall VenturesSumma EquityKinnevikSoftBank Group+1 more
Odins provides a managed Bayesian marketing mix modeling (MMM) platform that integrates data across marketing channels to produce monthly, human-reviewed recommendations, scenario plans, and sales forecasts.
AI & Machine LearningMarketing TechSaaS
Co-investorsAlliance Venture
poLight develops tunable optics technology, including its patented TLens product that replicates the focusing of the human eye to deliver instant autofocus in camera systems.
Deep TechHardwareSemiconductors
Co-investorsAlliance VentureViking Growth
Co-investorsAlliance Venture
Sanity provides a content operations platform built on a structured content database where JSON documents and code-defined schemas power web, mobile, and AI agent applications through a single API.
Data & InfrastructureDeveloper ToolsSaaSSan Francisco, US
Magnus Hillestad(Executive Officer, Director)Simen Svale Skogsrud(Director)Even Westvang(Director)Raman Kapur(Executive Officer)Christian Flaaten(Executive Officer)Oyvind Rostad(Executive Officer, Director)
Co-investorsAlliance VentureCaribbean Export Development AgencyCoinFundHeavybitICONIQThreshold Ventures+6 more
Scrimba operates an online platform offering coding courses through interactive video lessons, designed to train students for software development careers at low cost.
EdTechOslo, NO
Per Harald Borgen(Founder)inSindre Aarsaether(Founder)inFrode Jensen(Founder)in
Co-investorsAlliance VentureY CombinatorFounders Fund
Collaborative tool for teams to visualize, understand, and improve business processes.
Co-investorsAlliance VentureSkagerak Capital
Shoreline offers a software platform for planning, building, and operating offshore and onshore wind farms, providing operational visibility, resource and work planning, and repair scheduling.
CleantechEnergySaaS
Co-investorsAlliance VentureBlue Bear Capital PartnersEcosystem Integrity Fund
Steep is a data analytics platform where data teams define governed metrics in a semantic model and use AI-powered workflows to run analysis and generate shareable reports.
AI & Machine LearningData & InfrastructureSaaS
Co-investorsAlliance VentureInventure
Superside is a creative services platform that provides enterprise teams with access to vetted global creative talent and AI-powered tools for design, video, and content production.
AI & Machine LearningB2B MarketplacesCreator EconomyEnterprise SoftwareFuture of WorkMarketing TechSaaSOslo, NO
Fredrik Thomassen(Founder/CEO)inJing Kjeldsen(CTO & Co-Founder)
Co-investorsAcequia Capital (AceCap)Alliance VentureBreyer CapitalHigh AlphaOmega Venture PartnersY Combinator+1 more
FPGA-accelerated database management solutions; acquired by ServiceNow.
Tana is an agentic meeting platform where AI agents perform tasks during native video calls, using context carried across meetings to keep both people and AI agents in sync.
AI & Machine LearningFuture of WorkSaaS
Co-investorsAlliance VentureLightspeed Venture PartnersSondo CapitalTola Capitalfirstminute capitalLa Famiglia+1 more
TouchNetix develops capacitive touch integrated circuits and sensor modules with touch and force sensing capabilities under its aXiom technology.
HardwareIoTSemiconductors
Co-investorsAlliance Venture
Two provides net terms (buy-now-pay-later) infrastructure for B2B sellers, automating the order-to-cash lifecycle including invoicing, reminders, dunning, credit decisioning, and fraud prevention through AI risk engines.
AI & Machine LearningFintechSaaSOslo, NO
Edward Brandler(Founder)
Co-investorsAlliance VentureBring VenturesIdékapitalNordstarSequoia CapitalShine Capital+3 more
Unleash provides feature management tools for developers to simplify software development and enable faster delivery of applications.
Developer ToolsEnterprise SoftwareSaaSOslo, NO
Ivar Østhus(CTO)Egil ØsthusKohji NAKAZATO(Founder)
Co-investorsAlliance Venturefirstminute capitalFrontline VenturesSondo CapitalSpark Capital
Versiro provides an API for automated trading of energy market positions, offering reference-price calculations based on positions, products, and policy parameters.
EnergyFintechSaaS
Co-investorsAlliance VentureSondo Capital
Xeneta provides supply chain and freight teams with independent, lane-level ocean and air freight market data, drawing on anonymised freight rates across global port pairs.
AI & Machine LearningData & InfrastructureLogistics & Supply ChainSaaS
Patrik Berglund(Founder)in
Co-investorsAlliance VenturePoint NineCreandumInvestinorSmedvig Capital
Exits · 4
IPOs and acquisitions across the tracked portfolioDatalogixNYSE: ORCLAlexisHRacq. by Simployerinvisionacq. by MiroShiftXacq. by Ardoq
Portfolio news
latest coverage across their companiesArundo · simivalleyacorn.com · Aug 21, 2026
Boost · executivebiz.com · Aug 20, 2026
Northern · finance.yahoo.com · Aug 20, 2026
Arm · theaiinsider.tech · Aug 20, 2026

Cognite · dawnliphardt.com · Aug 17, 2026

Lightbringer · legaltechnology.com · Aug 14, 2026
Steep · legis1.com · Aug 14, 2026
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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