🦊/Investors

Nysnø Climate Investments

Government fund

Stavanger · Seed–Late Stage · 19 people tracked

Find your way into Nysnø Climate Investments

2,192 people in our graph share verified history with the Nysnø Climate Investments team — schools, employers, funds. One of them is your warm intro.

Laura Buhlerunlockedknows Bertel Ånestad · together at McKinsey & Company (overlapped)
knows the team · via McKinsey & Company
knows the team · via PwC
×3knows the team · via Norwegian School of Economics (NHH)
×4knows the team · via Norwegian University of Science and Technology (NTNU)
knows the team · via Copenhagen Business School
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Investment thesis

Nysnø is a Norwegian state-owned investment company focused on climate. It invests in businesses and technologies that reduce greenhouse gas emissions, combining analytical rigor and investment judgment with a people-centered approach to create growth and long-term value for society. Owned by the state and managed through the Ministry of Trade, Industry and Fisheries, the firm targets climate solutions across sectors.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
HQ
Stavanger, NO
Instruments
Equity
Founded
2017
Last 12 months
7 investments
Tracked investments
17
Acquisitions
1

Team · 19 people

from the firm's website & public directories
Elise Vagle· Kommunikasjonsrådgiver
Pia Charlotte Mæhle· Leder folk og organisasjonin
Sindre T. Eltarvåg· Økonomiansvarligin

What they invest in

from 16 of 17 portfolio companies

Cleantech ×8Hardware ×6SaaS ×5AI & Machine Learning ×4Energy ×4Enterprise Software ×4Climate Tech ×3Deep Tech ×3

HQs:Norway×6United States×2Canada×1Germany×1Italy×1

Investments · 17 tracked

founders shown can be your intro path

By year:2026 · 62025 · 32022 · 110 dated

Heatenheaten.comin✓ verified

HEATEN builds industrial heat pumps that recover waste heat from industrial processes such as steelmaking and convert it into clean power and heat.

CleantechClimate TechEnergyRemscheid, DE

Bernd Loeser(CEO)in

Co-investorsAdvent InternationalShell VenturesAzolla Ventures

44.014401.earthin𝕏

44.01 is a carbon removal company that mineralizes CO₂ by using natural processes to permanently convert captured carbon dioxide into rock.

CleantechClimate TechDeep Tech

Talal Hasan(Founder & CEO)in

Co-investorsAir Liquide Venture Capital (ALIAD)Alumni VenturesBascom VenturesBasecamp FundBreakthrough Energy VenturesClimate Investment+8 more

Alvaalva-group.comin𝕏

Penta is a corporate advisory firm that combines proprietary stakeholder intelligence data with senior counsel expertise to help large organizations navigate political, cultural, economic, and technological risks.

Enterprise SoftwareSector Agnostic

Co-investorsBayes Entrepreneurship FundNucleus Adventure CapitalEmerald Technology Ventures AgSandwater

Alva Industriesalvaindustries.comin𝕏

Alva Industries develops electric motors and drive systems using a patented FiberPrinting production technology for ironless, slotless stator windings, offering compact torque motors such as SlimTorq and GearTorq.

Advanced ManufacturingAI & Machine LearningCleantechDeep TechHardwareRobotics

Co-investorsDRONE FUNDEmerald Technology Ventures AgNabtesco Technology VenturesSandwater

Autonomy fka NXCRautonomy.comin𝕏Jul 2026 · $15M

Autonomy is an automotive subscription platform that enables vehicle subscription services as a sustainable business model in automotive retail.

CleantechConsumerMobility & TransportationSaaS

Scott Painter(Founder)inGeorg Bauer(President & Vice Chairman)inFred Weick(Chief Executive Officer)

Co-investorsAngel Collective Opportunity FundBuilders + BackersCelesta CapitalFJ LabsFlucas VenturesKube VC+15 more

Floceanflocean.greeninNov 2025

Flocean AS manufactures subsea desalination systems that convert seawater to freshwater using deep ocean water at depths of 500 meters, designed to minimize environmental impact compared to conventional desalination plants.

CleantechClimate TechDeep TechImpact & Social GoodStavanger, IT

Alexander Fuglesang(Founder & CEO)in

Co-investorsBURNT ISLAND VENTURESOrion Protocol

Hivethehive.aiJul 2026 · $15M

Hive provides AI-powered solutions that help sports teams and leagues monetize sponsorship assets through content analysis and automated processes.

AdTechAI & Machine LearningSaaSSports Tech

Kevin Guo(Founder)inDmitriy Karpman(Founder)in

Co-investors8VCEniac VenturesGlynn Capital ManagementRocketship.vcMassiveSkyfall Ventures+2 more

Hivehive.coin𝕏Jul 2026 · $15M

Hive provides marketing and event management software for live event promoters, helping clients send over 2.5 billion emails annually.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSKitchener, CA

Patrick Hannigan(CTO, Co-founder)inIan Roberts(CEO, Co-founder)in

Co-investorsY CombinatorSkyfall VenturesSuperSeedVeriten

Hivehive.comin𝕏Jul 2026 · $15M

Hive provides a work management platform for enterprises to align and execute work across teams, with features for portfolio planning, workflow standardization, governance, and reporting.

Enterprise SoftwareFuture of WorkSaaSSector AgnosticNew York City, US

Eric Typaldos(Founder)in

Co-investorsComcast VenturesTribeca Venture PartnersAngelPadRembrandt Venture PartnersSkyfall VenturesSuperSeed+1 more

Hystarhystar.comin𝕏May 2025

Hystar is a Norwegian cleantech company that develops and manufactures high-efficiency PEM (Proton Exchange Membrane) electrolysers, which use renewable electricity and water to produce green hydrogen.

CleantechEnergyHardwareHøvik, NO

Co-investorsFirdaMOL SwitchAP VenturesFinindusHillhouse InvestmentORLEN VC+1 more

Morrowusemorrow.comMay 2022

Morrow provides financial products and services designed to help American workers build long-term financial security and confidence through personalized experiences centered on trust.

FintechHR TechWellness & Fitness

Co-investorsThird Act VenturesFullCircle

Morrow Batteriesmorrowbatteries.comin

Morrow Batteries develops and manufactures advanced battery cells for energy storage, commercial mobility, and industrial applications.

Advanced ManufacturingCleantechEnergyHardwareNew MaterialsArendal, NO

Jon Fold von Bülow(Co-Founder & Acting CEO)in

Co-investorsÅ Energi Invest

Nereidanereida.noJun 2026 · $3M

Nereida Energy develops clean energy solutions for the maritime industry, focused on energy storage systems that reduce environmental impact.

CleantechEnergyHardwareBergen, NO

Geir Bjørkeli(CEO)Pål-Ove Husøy(CCO)Jonas Sjolte(CTO)Nils Valland(COO)

Co-investorsEviny Ventures

Nofencenofence.noSep 2025 · $35M

Nofence provides a virtual fencing system for livestock, using solar-powered GPS collars and a mobile app that let farmers set and adjust grazing boundaries, track animals, and receive alerts without physical fences.

AgTechHardwareIoT

Oscar Hovde(Founder)inJoachim Kählerin

Co-investorsClimate Innovation CapitalEuropean Circular Bioeconomy FundMomentumSandwaterCapagroFerd+1 more

Ofinitiofiniti.cominMar 2026 · $6.8M

Ofiniti offers a digital platform for the marine bunkering (ship fuel supply) industry, covering scheduling, deliveries, electronic bunker delivery notes (eBDNs), documentation and regulatory compliance.

Enterprise SoftwareLogistics & Supply ChainSaaSOslo, NO

David Gulbrandsen(Founder)in

Co-investorsDNV Ventures

Saga Roboticssagarobotics.comin𝕏

Saga Robotics develops Thorvald, an autonomous farming robot that helps growers reduce chemical use and improve operational efficiency across strawberry farms, vineyards, and other agricultural operations in the US, UK, and Norway.

AgTechAI & Machine LearningHardwareRobotics

Lars Grimstad(Co-Founder & CTO)inPål Johan From(Founder & CGO)in

Co-investorsPropagator Ventures

Tisetise.comin𝕏Acquired

A second-hand trading platform making reuse more fun and inspiring.

Eirik Frøyland Rime(Founder)in

Co-investorsBring VenturesRubyLightSkyfall VenturesVNV GlobalEbayTrind Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Nysnø Climate Investments made?
Nysnø Climate Investments has 17 tracked investments, 1 of which have exited, including 9 dated in the last 24 months.
What stage does Nysnø Climate Investments invest at?
Nysnø Climate Investments invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What sectors does Nysnø Climate Investments focus on?
Nysnø Climate Investments focuses on Cleantech, Climate Tech, Energy, Impact & Social Good, Mobility & Transportation, New Materials, PropTech.
Where is Nysnø Climate Investments located?
Nysnø Climate Investments is headquartered in Stavanger, NO.
Who does Nysnø Climate Investments co-invest with?
Nysnø Climate Investments most often shares deals with DRONE FUND, Emerald Technology Ventures Ag, Nabtesco Technology Ventures, among 4 tracked co-investors.

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