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Alliance Venture

Venture capitaloperating company · company profile

Oslo · Seed–Series B · 8 people tracked

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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.

Stage
Seed–Series B
HQ
Oslo, NO
Leads rounds
Leads
Instruments
Equity
Founded
2001
Tracked investments
72

Team · 8 people

from the firm's website

Founder 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 companies

SaaS ×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 companies
42%
solo founders
10 of 24 mapped founding teams

Founding 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

Y Combinator ×2

Investments · 72 tracked

founders shown can be your intro path

By year:2022 · 12017 · 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 VCBessemer Venture PartnersElevate VenturesEnergy Transition Ventures+19 more

by Ardoqshiftx.com✓ verifiedAcquired

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 AIglobus.aiin✓ verified

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

Kalraykalrayinc.comin𝕏✓ verified

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

Tanatana.incin𝕏✓ verified

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

&Repeat

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

Co-investorsAlliance VC

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 VCEQT VenturesSamsung NextSandwaterSkagerak CapitalSprettert+8 more

3D Perception3d-perception.comin𝕏

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

AlexisHRalexishr.cominacquired by Simployer

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 IDallclearid.cominAug 2017

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

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 VC

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 VCFinch CapitalMMC VenturesMolten VenturesAlliance Ventures

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)in

Co-investorsAlliance VCFJ Labs

Aquabyteaquabyte.aiJul 2022 · $25M

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

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 VCEmblemKima VenturesCreandumLocalGlobe

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)inSpencer Collins(Chief Legal Officer & Company Secretary)in

Co-investorsSoftBank GroupAlliance VCSoftBank Vision FundStrategxy Ventures LLCLB InvestmentMaverick Silicon

Arundoarundo.comin

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

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 VC

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)inJonatan Klintberg(Founder)inRobin Lantz(Founder)in

Co-investorsAlstin CapitalAlliance VCUnusual VenturesFin Capital

Boostboost.aiin

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

by Plumchoicesquaretrade.com

Allstate Protection Plans (formerly SquareTrade) provides extended warranty and protection plans for consumer electronics, appliances, and furniture.

ConsumerInsurTechRetail Tech

Co-investorsAlliance VCSavano Capital Partners

by ServiceNowswarm64.com

Co-investorsAlliance VC

by The Orchardsendr.se

Co-investorsAlliance VC

by Vismaequalitycheck.it

Co-investorsAlliance VC

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 VC

Ciloociloo.comin

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

Cognitecognite.comin

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

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 VCSkagerak 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 VCLuminar VenturesFirst Degree CapitalSkyfall Ventures

Edvantage Grouplumesse.comin𝕏

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

Encoreencore.devin𝕏

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

EndFormendform.devin𝕏

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

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 VCBoxGroupSkyfall 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 VC

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 VC

Fika Jobsfikajobs.aiin

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

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 VC

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 VCBackedBascom VenturesCastor Ventures (an Alumni Ventures Fund)Chapter One+14 more

Giliongilion.comin

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

Gruntgrunt.proin

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

Helppy

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

Co-investorsAlliance VCIcebreaker

Hembyhemby.com

Co-investorsAlliance VC

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 VCSondo CapitalCrowberry Capital

Indy Kiteindykite.comin𝕏

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

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 VCAtlassian 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 VC

Lace Lithographylacelithography.comin

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

Lightbringerlightbringer.comin

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

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 VCAlpha EdisonHorizons VenturesJoyance PartnersOMERS VenturesRidge Ventures+2 more

Megacool

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

Co-investorsAlliance VC

Memoscalememoscale.com

Co-investorsAlliance VC

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 VCLifeline VenturesSuperhero CapitalTrind Ventures

Nevionnevion.comin𝕏

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

Newcodenewcode.ai

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

Northernnorthern.techin𝕏

Northern.tech is an IT company that develops security solutions for connected devices.

CybersecurityEnterprise SoftwareIoTSaaSOslo, NO

Co-investorsAlliance VC

Noveldanovelda.comin

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

Odaoda.com

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

Odinsodins.aiin

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

OptiFish

Provides AI-powered optimization tools for production planning and farm design in fish farms and smolt facilities.

poLightpolight.comin𝕏

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

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 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.

Images

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