/Investor DB

Investinor

Government fund

Trondheim · Pre-Seed–Growth · 43 people tracked

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Investment thesis

Investinor is an investment company that backs selected promising businesses alongside founders, entrepreneurs and co-investors, aiming to help them grow into world-leading companies. It invests both directly in portfolio companies and indirectly through funds and capital managers, and consistently co-invests with other investors.

Source: firm website, verified Sep 26, 2026.

Stage
Pre-Seed–Growth
HQ
Trondheim, NO
Instruments
Equity
Founded
2008
Last 12 months
2 investments
AUM
$700M
Tracked investments
37

Team · 43 people

from the firm's website & curated & public directories
Jan Ole Flenstad· Regnskapssjefin
Maja Aursand Andersen· Senior Associatein

What they invest in

from 28 of 37 portfolio companies

AI & Machine Learning ×9Hardware ×9Healthtech ×9Deep Tech ×7SaaS ×7Biotech ×6Medical Devices ×5Data & Infrastructure ×4

HQs:Norway×19United States×2

Investments · 37 tracked

founders shown can be your intro path

By year:2026 · 22025 · 22024 · 32023 · 32022 · 12021 · 52020 · 12019 · 22018 · 52017 · 22016 · 12012 · 132 dated

Pluviapluviabiotech.comMay 2026✓ verified

Pluvia Biotech is a University of Bergen spin-out developing small molecule pharmacological chaperones that stabilize and correct misfolded proteins to rescue enzymatic activity in rare genetic loss-of-function disorders.

BiotechDeep TechHealthtechBergen, NO

Aurora Martinez(CTO)Willem van Weperen(CEO)Torgeir Vaage(CFO)in

Co-investorsSarsia Management AS

Timelytimelyapp.comin𝕏Jun 2021 · $14M✓ verified

Timely offers automatic time tracking software with a Microsoft Teams integration that captures time spent on meetings, calls, shared documents, and team communications.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSOslo, NO

Mathias Mikkelsenin

Co-investors500 GlobalConcentricMovacSNÖ Ventures

Antler Nordicantler.coSep 2023

Antler is a global early-stage venture capital firm that invests in founders from first check through IPO, offering capital, network, and community.

Sector Agnostic

Magnus Grimeland(Founder)in

Co-investors1982 VenturesAC VenturesAgaeti VenturesAntler AustraliaElmehøj VenturesFarvatn Venture+9 more

BerGenBiobergenbio.comSeries A · Jan 2012 · $9M

BerGenBio ASA was a company that merged with Oncoinvent ASA on 29 October 2025, with the combined entity renamed Oncoinvent.

Biotech

Co-investorsBirk VentureSarsia Management AS

Calluna Pharmacallunapharma.cominJan 2024 · $81M

Completed patient enrollment in its Phase 2 AURORA trial.

Co-investorsP53 InvestSarsia Management ASForbion

CardioMechcardiomech.comSeries A · Aug 2020 · $19M

CardioMech develops a transcatheter mitral valve repair system (MVRS) that delivers artificial chords via a transfemoral, transseptal catheter approach to treat degenerative mitral regurgitation on a beating heart.

BiotechHealthtechMedical DevicesTrondheim, NO

Richard Nehm(Executive Officer, Director)Jan Habrekke(Director)Vic, Jr. Bertrand(Director)Jacob Bergsland(Executive Officer, Director)Nikolai Hiorth(Executive Officer)Mark Novotny(Director)

Co-investorsHadean Ventures

Cavaicavai.comin𝕏Aug 2021

Cavai builds interactive and privacy-focused digital advertising solutions designed to create ads that work with or without user data.

AdTechMarketing TechOslo, NO

Co-investorsIdékapital

Cimon Medicalcimonmedical.comin

Cimon Medical develops and manufactures Doppler ultrasound technology for healthcare facilities, with its first product providing non-invasive continuous blood flow and brain circulation monitoring for infants.

Digital HealthHardwareHealthtechMedical DevicesTrondheim, NO

Hans Torp(Inventor / Professor)Siri Ann Nyrnes(Inventor / Pediatric Cardiologist)in

Co-investorsFarvatn VenturePlanet 9 CapitalProVenture

Curidacurida.noinApr 2024

Curida is a contract manufacturing organization specializing in pharmaceutical liquid formulations and biologics, operating under strict EU GMP and ISO certifications to ensure product quality and compliance.

Advanced ManufacturingBiotechDeep TechMedical DevicesNorway, NO

Co-investorsSignet Healthcare PartnersCanica

Dele Health Techdelehealth.cominSeed · Dec 2018 · $1M

Dele Health uses Vayyar's camera- and wearable-free sensor technology with AI to monitor residents in elderly care and senior living facilities, detecting events like falls and unusual movement patterns.

AI & Machine LearningDigital HealthHealthtech

Co-investorsMomentum

Elastioelastio.comin𝕏Jun 2023

Elastio provides ransomware detection and verified data recovery software that inspects live data, replicated data, and backup data across enterprise environments.

CybersecurityData & InfrastructureEnterprise SoftwareSaaS

Co-investorsAlumni VenturesBlue Ivy VenturesUncorrelated VenturesVenture Guides Management, L.P.Bain Capital VenturesBascom Ventures+4 more

Heimdall Powerheimdallpower.comin

Heimdall Power develops advanced sensors and software to enhance power grid visibility, safety, and responsiveness for grid operators globally.

AI & Machine LearningCleantechEnergyIoTCharlotte, US

Jørgen Festervoll(CEO)in

Co-investorsEviny VenturesSarsia Management ASSprettertORLEN VC

Hemispherianhemispherian.cominSeed · Jan 2021 · $400K

Hemispherian is a clinical-stage pharmaceutical company developing small molecule drugs that target the TET2 enzyme as targeted therapies for aggressive cancers.

BiotechMedical DevicesOslo

Terezia Prikrylova(Director)inAdam Brian Robertson(Director)Zeno Albisser(Executive Officer, Director)in

BoardAnett Monika Diaz(Director)

Co-investorsBif

Igniteignite.noinSep 2023

Ignite provides supplier management software that gives companies visibility into their suppliers and spend, turning supply chain data into actionable insights for more responsible purchasing decisions.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechLogistics & Supply ChainSaaS

SigbjørnBørge

Co-investorsArkwright XSkagerak CapitalSNÖ Ventures

Intelecyintelecy.cominSeed · Dec 2017 · $1M

Intelecy provides a no-code AI solution for industrial applications, partnering with service and technology providers to deliver digital transformation and secure data utilization services.

Advanced ManufacturingAI & Machine LearningCleantechEnterprise SoftwareSaaS

Anna Olsson(Co-founder & COO)Camilla Gjetvik(CEO)Bertil Helseth(Founder)

Co-investorsButterfly VenturesSkagerak CapitalYara Growth VenturesButterfly

Kebonykebony.comOct 2021 · $34M

Norwegian company transforming softwood into a sustainable material.

Oslo, NO

Co-investorsArts AllianceJolt CapitalMunich Venture PartnersPMVSeventure PartnersLightrock+1 more

Lifenesslifeness.noin𝕏

Lifeness is a digital health platform for weight loss and lifestyle improvement that combines clinical expertise with app-based behavioral coaching.

Digital HealthHealthtechWellness & FitnessOslo, NO

Solvor Øverlien Magi(Co-founder)inMaria Arlén Larsen(Co-founder)in

Co-investorsFarvatn VenturePlanet 9 Capital

Muybridgemuybridge.cominMay 2026 · $16M

Muybridge makes a software-defined camera system that captures, replays, and allows navigation from any angle in real time for producers and storytellers.

Deep TechHardwareMedia & EntertainmentOslo, NO

Håkon(Co-Founder & CEO)Anders(Co-Founder & Product Owner)

Co-investorsFairpoint CapitalIdékapitalRunwayFBU

Nisonicnisonic.comJul 2018

Nisonic develops FAST-ICP software that uses transorbital ultrasound imaging and machine learning to non-invasively detect raised intracranial pressure by measuring optic nerve sheath properties.

AI & Machine LearningHealthtechMedical DevicesTrondheim, NO

Co-investorsHadean VenturesSarsia Management AS

Nomononomono.coin𝕏Oct 2024

Nomono builds audio technology and tools for storytellers and podcasters, combining storytelling with immersive audio.

AI & Machine LearningCreator EconomyHardwareMedia & EntertainmentTrondheim, NO

Kristine Schjerpen Snyderin

Co-investorsSpintop VenturesSkyfall Ventures

Nordic Halibutnordichalibut.comApr 2010

Nordic Halibut farms and supplies premium, sustainably sourced halibut for culinary markets, marketing its fish on quality, firm texture, and flavor.

AgTechFoodTech

Noveldanovelda.cominFeb 2019

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 VCAlliance Venture

poLightpolight.comin𝕏Series B · Jul 2011 · $19M

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 VCAlliance VentureViking Growth

Scoutdiscoutdi.comin𝕏Seed · Jun 2018 · $450K

ScoutDI develops autonomous drones equipped with onboard 3D LiDAR for industrial inspections in GPS-denied environments, eliminating the need for human entry into confined spaces.

Advanced ManufacturingAI & Machine LearningHardwareRoboticsTrondheim, NO

Øystein Skotheimin

Co-investorsDNV VenturesSprettert

sensiBelsensibel.cominSeed · Jan 2018

Sensibel designs and manufactures studio-quality optical MEMS microphones for portable devices, professional audio equipment, and microphone array applications.

Deep TechHardwareIoTSemiconductorsOslo, NO

Matthieu Lacolle(CTO & Co-founder)inJakob Vennerød(Director of Systems & Co-founder)in

Co-investorsIn-Q-TelSkagerak CapitalTRUMPF Venture

Sonairsonair.cominSep 2025 · $6M

ADAR One is an ultrasonic 3D sensing system for industrial automation and robotic safety that detects people and objects in complete 180×180° sensing volumes at distances up to 4 metres, operating reliably in conditions where cameras and LiDAR struggle.

Deep TechHardwareRoboticsOslo, NO

Co-investorsProVentureRunwayFBUScale CapitalSkyfall Ventures

Tribune Therapeutics ABtribunetx.cominMar 2025

Tribune Therapeutics is a preclinical biopharmaceutical company developing medicines that target CCN protein family signaling (such as CCN2/CTGF) to block fibrotic pathways.

BiotechHealthtech

Ole Kaasbøll(Co-founder)

Co-investorsHealthCapIndustrifondenInnovestor VenturesLifeArc VenturesNovo Holdings

Unacastunacast.comin𝕏May 2016 · $17.5M

Unacast provides location intelligence and insights derived from human mobility data to organizations operating in supply chains, governments, and non-profits.

AdTechData & InfrastructureSaaSSector AgnosticNew York, US

Thomas Walle(Executive Officer, Director)inKjartan Slette(Director)in

BoardJon Oyvind Eriksen(Director)Andy Chen(Director)Tom Henriksson(Director)

Co-investorsCamber CreekMana VenturesMultiplier CapitalOpenOceanWhite Star CapitalVector Capital

VilMervilmer.noinMar 2022

VilMer is a Norwegian technology company offering VilMer Aktivitetsplan, a digital "Activity-as-a-Service" platform that connects elderly residents and care services with volunteers, everyday companions, relatives, and digital activities.

Digital HealthHealthtechSaaSWellness & Fitness

Øystein Landgraff(Founder & CEO)inHarald Odde(Co-founder)

Co-investorsSkagerak Capital

Well Conveyorwellconveyor.cominAug 2019

Well Conveyor develops conveyance solutions that deploy sensing cables, logging equipment, and intervention tools to the bottom of horizontal wells for oil and gas operators.

Deep TechEnergyHardware

Co-investorsProVentureChevron Technology Ventures

Xenetaxeneta.comin

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)inThomas Sørbo(Founder)Vilhelm Vardoy(Founder)

Co-investorsAlliance VCAlliance VentureApax DigitalPoint NineSmedvig VenturesCreandum+2 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ConCordixFunzioNanoHavgul Clean EnergyMemoryPhoenix Solutions ASStimline

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Investinor made?
Investinor has 37 tracked investments, including 4 dated in the last 24 months.
What stage does Investinor invest at?
Investinor invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
What sectors does Investinor focus on?
Investinor focuses on AgTech, Biotech, Deep Tech, Digital Health, Energy, FoodTech, Healthtech, Medical Devices, SaaS, Sector Agnostic, Semiconductors.
Where is Investinor located?
Investinor is headquartered in Trondheim, NO.

Images

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Co-investors · 2

Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

Both backed · 1
$100K – $10M
Antler

Antler is a global early-stage venture capital firm that backs founders from company inception through to IPO, operating across roughly 30 locations worldwide and running cohort-based programs to help entrepreneurs build and scale companies.

$125K

Firms observed investing alongside Investinor, from public investor directories. Shared companies are the overlap with Investinor's recorded portfolio.

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