Oslo · Seed–Series B · 8 people tracked
Investment thesis
Alliance Venture backs exceptional early-stage tech companies founded by entrepreneurs with global ambitions, viewing investment as a mutual, long-term partnership that requires active support. The firm believes the most successful companies solve real problems and improve how people live in scalable ways, generating both long-term profit and environmental and social sustainability. Its core thesis treats sustainability as an enabler of long-term value creation and consistent compounding growth, aligning ESG with financial returns. Alliance integrates responsible investment principles into its analysis, decision-making and active ownership, targeting portfolio companies with a net positive impact on the UN Sustainable Development Goals. The team comprises experienced venture capitalists, operators and founders who have helped build billion-dollar companies.
Source: firm website, verified Aug 16, 2026.
Team · 8 people
from the firm's websiteFounder mafia
3 people who came through Alliance Venture went on to found or lead other companies.
What they invest in
from 59 of 72 portfolio companiesSaaS ×32AI & Machine Learning ×31Enterprise Software ×20Developer Tools ×9Future of Work ×8Hardware ×8Fintech ×7Data & Infrastructure ×6
HQs:Norway×25United States×10Sweden×6Denmark×1Finland×1France×1
Who they back
founder profiles across 24 portfolio companiesFounding team size:solo founder×102 founders×63 founders×64+ founders×2
Where their founders studiedfrom 10 founders with education data
University of Oslo ×2
Accelerator rootsportfolio companies that came through a program
Investments · 72 tracked
founders shown can be your intro pathBy year:2022 · 12017 · 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 VCBessemer Venture PartnersElevate VenturesEnergy Transition Ventures+19 more
ShiftX provides a process mapping and visualization tool designed for employees across organizations to document, communicate, and improve business operations collaboratively without requiring specialized training.
Developer ToolsEnterprise SoftwareFuture of WorkSaaSOslo, NO
Nikolai Strandskogen(Chief Executive Officer)Eigil Sagafos(Chief Technical Officer)Kjetil Jortveit(Chief Growth Officer)
Co-investorsAlliance VCSkagerak Capital
Globus.ai builds autonomous AI agents for staffing and recruitment that integrate into existing applicant tracking and vendor management systems.
AI & Machine LearningFuture of WorkHR TechSaaSPalo Alto, US
Tor-Håkon Hellebostad(Co-founder)inJan Kristiansen(Co-founder)inIvan Metrikin(Co-founder)inHelge Bjorland(Founder & CEO)
Co-investorsMiramar Digital VenturesScale CapitalAlliance VC
Kalray develops intelligent data processors for compute-intensive applications including data centers, edge computing, telecommunications, and automotive systems.
AI & Machine LearningData & InfrastructureDeep TechHardwareSemiconductors
Co-investorsAlliance Ventures
Tana is a workspace platform designed to help humans, teams, and computers collaborate more effectively.
AI & Machine LearningFuture of WorkSaaSSector Agnostic
Tarjei M. Vassbotn(CIO/Founder)inOlav S. Kriken(CEO/Founder)Grim H. Iversen(CAIO/Founder)in
Co-investorsLightspeed Venture PartnersTola Capitalfirstminute capitalLa FamigliaNorthzoneAlliance VC+1 more
Reusable/deposit-based takeaway packaging company reducing environmental impact.
Co-investorsAlliance VC
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 VCEQT VenturesSamsung NextSandwaterSkagerak CapitalSprettert+8 more
3D Perception develops simulation visual display systems for aerospace, defense, and commercial applications across land, air, sea, and space environments.
Deep TechDefense TechHardwareUnited States / Norway, US
Knut Krogstad(Founder & CEO)in
Co-investorsAlliance VCVenturEastYourNest Venture Capital
AlexisHR provides an AI-powered HRIS (Human Resources Information System) and chatbot platform designed for small and medium-sized businesses to enhance productivity and employee experience.
AI & Machine LearningHR TechSaaSSarpsborg, NO
Co-investorsFerdAlliance VCSpintop 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)inChristine Mallory(Executive Officer)inJames Holland(Executive Officer, Director)
BoardSean Dempsey(Director)John Long(Director)
Co-investorsAlliance VCMerus 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 VC
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 VCFinch 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)in
Co-investorsAlliance VCFJ 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 VCGraphene VenturesStruck CapitalAlaya CapitalArcTern VenturesCostanoa Ventures+3 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 VCEmblemKima VenturesCreandumLocalGlobe
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)inSpencer Collins(Chief Legal Officer & Company Secretary)in
Co-investorsSoftBank GroupAlliance VCSoftBank Vision FundStrategxy Ventures LLCLB InvestmentMaverick Silicon
Arundo delivers advanced analytics and AI-driven solutions for asset-heavy industries to optimize operations, reduce costs, and improve efficiency.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareIoTSaaS
Martin LundqvistChris WangChristian PedersenGustav Wennerblomin
Co-investorsAlliance VC
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 VC
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)inJonatan Klintberg(Founder)inRobin Lantz(Founder)in
Co-investorsAlstin CapitalAlliance VCUnusual VenturesFin Capital
Boost.ai builds a conversational AI platform that automates human-to-organization interactions for enterprises in financial services, telecommunications, hospitality, and public sectors.
AI & Machine LearningEnterprise SoftwareSaaSNorway, NO
Co-investorsNordic CapitalAlliance VC
Allstate Protection Plans (formerly SquareTrade) provides extended warranty and protection plans for consumer electronics, appliances, and furniture.
ConsumerInsurTechRetail Tech
Co-investorsAlliance VCSavano Capital Partners
Co-investorsAlliance VC
Co-investorsAlliance VC
Co-investorsAlliance VC
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 VC
Ciloo is a platform for managing branded products (promotional items and print materials) through on-demand and local production across 30 countries, enabling companies to reduce costs, waste, and carbon emissions while maintaining brand compliance.
Circular EconomyClimate TechDirect to ConsumerE-commerceEnterprise SoftwareSaaS
Richard Benesti(Co-Founder and CEO)Christian Sæterhaug(Co-Founder and CRO)in
Co-investorsAlliance VC
Cognite provides industrial AI software that uses data contextualization to unify fragmented industrial data and scale AI-driven workflows across industrial operations.
Advanced ManufacturingAI & Machine LearningData & InfrastructureEnterprise SoftwareLogistics & Supply Chain
Co-investorsAccelAlliance VCTCV
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 VCSkagerak 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 VCLuminar VenturesFirst Degree CapitalSkyfall Ventures
Cornerstone provides an AI-driven workforce intelligence platform that helps organizations map automation impacts, build reskilling plans, and track employee readiness through integrated learning, mentoring, and skills management tools.
AI & Machine LearningEnterprise SoftwareFuture of WorkHR Tech
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)in
Co-investorsAlliance VCESSENCE VCKleiner PerkinsCrane Venture PartnersDig Ventures Management LimitedEssence Venture Capital
Endform is a platform designed to accelerate Playwright end-to-end tests in CI/CD pipelines, enabling teams to run hundreds of tests in parallel without infrastructure overhead.
Cloud ComputingDeveloper ToolsSaaS
Co-investorsAlliance VC
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 VCBoxGroupSkyfall 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 VC
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 VC
Fika is a talent marketplace platform that connects workers with job opportunities designed to improve workplace satisfaction and engagement.
AI & Machine LearningB2B MarketplacesFuture of WorkHR TechMarketplacesSweden, SE
Co-investorsAlliance VCLuminar VenturesWave Ventures
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 VC
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 VCBackedBascom VenturesCastor Ventures (an Alumni Ventures Fund)Chapter One+14 more
Gilion provides non-dilutive debt financing to European startups, offering loans of €0.5–5m with flexible repayment terms and AI-powered underwriting.
AI & Machine LearningEnterprise SoftwareFintechSaaSStockholm, SE
Co-investorsAlliance VC
Grunt automates the creation and updating of presentation slides and charts, enabling professionals to reduce manual work and focus on strategic storytelling.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS
Co-investorsAlliance VCBoldcapFoundation CapitalGaia Ventures
Finnish neighborhood home-care platform offering a tech-enabled alternative to traditional elderly home care.
Co-investorsAlliance VCIcebreaker
Co-investorsAlliance VC
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 VCSondo CapitalCrowberry Capital
IndyKite builds a system of intelligence that provides real-time contextual data access and retrieval for enterprise applications and AI agents, enabling intelligent decision-making across complex digital environments.
AI & Machine LearningCloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareInsurTechSan Francisco, US
Lasse Andresen(Founder and CEO)
Co-investorsAlliance VCMolten 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 VCAtlassian 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 VC
Lace develops chip patterning technology for semiconductor manufacturing.
Advanced ManufacturingDeep TechSemiconductorsBergen, NO
Adrià Salvador Palau(Founder)in
Co-investorsAlliance VCFuture VenturesLinse CapitalM12 (Microsoft's Venture Fund)Vsquared Ventures
Lightbringer is a SOC 2 Type 2 compliant service provider that describes its data security and privacy practices, including encryption, access controls, and monitoring for customer data.
AI & Machine LearningCybersecurityLegalTechSaaS
Dominic DaviesinMarkus AndreassoninOla Wassvikin
Co-investorsAlliance VCInception 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 VCAlpha EdisonHorizons VenturesJoyance PartnersOMERS VenturesRidge Ventures+2 more
Co-investorsAlliance VC
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 VCLifeline VenturesSuperhero CapitalTrind Ventures
Nevion provides virtualized media production solutions including software-defined technologies for real-time media transport and processing to broadcasters, telecom providers, and government agencies.
Cloud ComputingEnterprise SoftwareMedia & Entertainment
Johnny Dolvik(Chief Development Officer)
Co-investorsAlliance VC
Nova is an AI assistant for law firms that retrieves knowledge, analyzes documents and data sets, and produces legal work with answers grounded in a firm's own data.
AI & Machine LearningLegalTechSaaSDublin, IE
Co-investorsAlliance VCLegalTech
Northern.tech is an IT company that develops security solutions for connected devices.
CybersecurityEnterprise SoftwareIoTSaaSOslo, NO
Co-investorsAlliance VC
NOVELDA develops Ultra-Wideband (UWB) short-range impulse radar sensors for detecting human presence in indoor environments, serving consumer electronics and smart building applications.
CleantechHardwareHealthtechIoTSemiconductorsOslo, NO
Dag T. WislandinEirik Næss-UlsethTor Sverre LandeEinar Nygård
Co-investorsAlliance VC
Oda is an online grocery retailer offering a range of food and household products for delivery in Norway.
ConsumerE-commerceFoodTechRetail TechOslo, NO
Co-investorsAlliance VCCNISkyfall VenturesSumma EquityKinnevikSoftBank Group+1 more
Odins builds a Bayesian marketing mix modeling platform that quantifies how marketing spending drives revenue across channels.
AI & Machine LearningMarketing TechSaaSOslo, NO
Co-investorsAlliance VC
Provides AI-powered optimization tools for production planning and farm design in fish farms and smolt facilities.
poLight develops tunable optics technology, with its TLens product enabling variable autofocus in smartphone cameras, augmented reality glasses, smartwatches, and medical devices.
Deep TechHardwareSemiconductorsTønsberg, NO
Dr. Øyvind Isaksen(Chief Executive Officer)Joakim Hines Bredahl(Chief Financial Officer)
Co-investorsAlliance VCViking Growth
Co-investorsAlliance VC
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)inSimen Svale Skogsrud(Director)inEven Westvang(Director)inRaman Kapur(Executive Officer)inChristian Flaaten(Executive Officer)inOyvind Rostad(Executive Officer, Director)
Co-investorsAlliance VCCaribbean 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 VCY CombinatorFounders Fund
Collaborative tool for teams to visualize, understand, and improve business processes.
Co-investorsAlliance VCSkagerak Capital
Shoreline provides algorithm-driven simulation and planning solutions for wind farm construction and operations, enabling resource optimization and business case analysis.
AI & Machine LearningCleantechClimate TechConstruction TechEnergyEnterprise SoftwareSaaS
Ole Erik Vestøl Endrerud(Founder and Chief Product Officer)
Co-investorsAlliance VCBlue Bear Capital PartnersEcosystem Integrity Fund
Steep builds business analytics software that distributes data insights across organizations, addressing the challenge of making analytics accessible beyond specialized analysts.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSStockholm, SE
Johan Baltzar(Co-founder)inNino Höglund(Co-founder)
Co-investorsAlliance VCInventure
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)in
Co-investorsAcequia Capital (AceCap)Alliance VCBreyer CapitalHigh AlphaOmega Venture PartnersY Combinator+1 more
TouchNetix develops capacitive touch and force sensing integrated circuits for industrial and automotive applications, addressing use cases where conventional touchscreen technology is insufficient.
HardwareIoTSemiconductors
Co-investorsAlliance VC
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 VCBring 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)inEgil ØsthusinKohji NAKAZATO(Founder)
Co-investorsAlliance VCfirstminute capitalFrontline VenturesSondo CapitalSpark Capital
Versiro is founded by an academic researcher focused on electricity markets and renewable energy integration.
Climate TechEnergyFintechSaaS
Simon Risanger(Co-founder & CEO)in
Co-investorsAlliance VCSondo 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 VCPoint NineCreandumInvestinorSmedvig Capital
Exits · 4
IPOs and acquisitions across the tracked portfolioDatalogixNYSE: ORCLAlexisHRacq. by Simployerinvisionacq. by MiroShiftXacq. by Ardoq
Portfolio news
latest coverage across their companies
General Intuition · techcrunch.com · Aug 24, 2026

Arundo · simivalleyacorn.com · Aug 21, 2026
Arm · theaiinsider.tech · Aug 20, 2026

Northern · finance.yahoo.com · Aug 20, 2026

Boost · cryptoninjas.net · Aug 19, 2026

Cognite · dawnliphardt.com · Aug 17, 2026

Lightbringer · legaltechnology.com · Aug 14, 2026
Frequently asked questions
- How many investments has Alliance Venture made?
- Alliance Venture has 71 tracked investments, 3 of which have exited via acquisition or IPO.
- What stage does Alliance Venture invest at?
- Alliance Venture invests at the Seed, Series A, Series B stages.
- What sectors does Alliance Venture focus on?
- Alliance Venture focuses on AI & Machine Learning, Deep Tech, SaaS, Sector Agnostic.
- Where is Alliance Venture located?
- Alliance Venture is headquartered in Oslo, NO.
- Does Alliance Venture lead rounds?
- Yes, Alliance Venture leads investment rounds.
- Who does Alliance Venture co-invest with?
- Alliance Venture most often shares deals with Alliance VC, Sondo Capital, Skagerak Capital, among 105 tracked co-investors.
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