What stage does Link Capital invest at?

Link Capital invests at the Pre-Seed, Seed, Series A stages.

What is Link Capital's typical check size?

Link Capital typically writes checks of $108K – $5.4M.

Where is Link Capital located?

Link Capital is headquartered in Stavanger, NO.

Does Link Capital lead rounds?

Yes, Link Capital leads investment rounds.

Link Capital

Venture capital

Stavanger · Pre-Seed–Series A · 3 people tracked

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Investment thesis

Link Capital views the energy transition as a defining investment opportunity and backs high-growth founders building energy and technology companies. It targets areas spanning the electric-vehicle value chain (charging, smart charging, V2G, infrastructure), clean and renewable energy (solar, wind, software), asset-light energy storage, smart-energy solutions (smart grid, energy management), software-powered mobility (EV fleets, ridesharing, e-boats), and software that supports decarbonization. The firm typically invests from pre-seed to Series A across Europe, often acts as the first professional and lead investor, and works actively with portfolio companies through board seats and hands-on support to create value and positive impact.

Invests inCleantech Climate Tech Energy Impact & Social Good Mobility & Transportation New Materials SaaSEuropeNorwayStavanger

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Series A

Check

$108K – $5.4M

Stavanger, NO

Leads rounds

Leads

Instruments

Equity

Founded

2020

Tracked investments

Team · 3 people

from public directories

Elisabeth Øvstebø· Founding Partner· Norwayin

Elisabeth Øvstebø is an Investment Director at Link Capital, a Nordic venture capital firm focused on decarbonization, decentralization, and digitalization, where she also serves as Managing Partner. She has held multiple roles in early-stage companies and funding, with experience in management consulting, organizational development, and the financial industry, and maintains an investment portfolio spanning early-stage, growth-stage, listed, and property investments. She holds a Master of Management from BI Norwegian School of Management and serves as a Top Innovator at UpLink through the World Economic Forum.

e•••@linkcapital.noreveal

Grethe Skundberg· General Partner· Sandnes, Rogaland, Norwayin

Grethe Skundberg brings over 25 years of experience in the defence, energy, and mobility sectors, with background as an investor, board director, customer, and defence supplier. She currently serves on the Board of Directors at Unplugged™ and holds board chair and non-executive director positions. Her experience spans business development, strategic planning, and cross-sector collaboration.

s•••@linkcapital.noreveal

Christian Rangen· Chairman of the Board· Stavanger, Rogaland, Norwayin

Christian Rangen is a strategy and transformation advisor who works with corporate executives, boards, governments, and innovation agencies on strategy, business model innovation, and energy transition initiatives. He serves as executive chair and GP at Link Capital, a European venture firm focused on energy and climate investments with three funds and over 70 portfolio companies. Rangen is also co-founder and CEO of Strategy Tools, has developed over 400 strategy frameworks, and serves as visiting faculty at business schools including IMD, IE, and LBS.

c•••@linkcapital.noreveal

What they invest in

from 1 of 1 portfolio companies

Data & Infrastructure ×1GovTech ×1Mobility & Transportation ×1SaaS ×1

HQs:Norway×1

Investments · 1 tracked

founders shown can be your intro path

Nivelnivel.noin✓ verified

Nivel operates a platform providing spatial analytics and data infrastructure for shared mobility services, serving cities, public transportation authorities, and mobility operators.

Data & InfrastructureGovTechMobility & TransportationSaaSBergen, NO

Harald Sævareid(Founder)Sven Inge Bråten(Co-founder & Head of Product)

Fund performance · per public LP disclosures · 2

as of Jun 2025

Fund	Vintage	Committed	Net IRR	TVPI	DPI
Capital Link Fund II, LLCLPs: California Public Employees' Retirement System, Richard King Mellon Foundation	2008	—	11.9%	1.68x	1.66x
Capital Link Fund I, LLCLPs: California Public Employees' Retirement System, Richard King Mellon Foundation	2007	—	7.6%	1.50x	1.44x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Link Capital invest at?: Link Capital invests at the Pre-Seed, Seed, Series A stages.
What is Link Capital's typical check size?: Link Capital typically writes checks of $108K – $5.4M.
What sectors does Link Capital focus on?: Link Capital focuses on Cleantech, Climate Tech, Energy, Impact & Social Good, Mobility & Transportation, New Materials, SaaS.
Where is Link Capital located?: Link Capital is headquartered in Stavanger, NO.
Does Link Capital lead rounds?: Yes, Link Capital leads investment rounds.

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