Fundraising Fox

Skagerak Capital

Venture capital

Kristiansand · Seed–Series A · 13 people tracked

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Investment thesis

Skagerak Capital invests in companies with a positive impact on people and the planet. The firm is driven by the belief that technological innovation can help address major megatrends such as climate change and resource scarcity. It actively supports its portfolio companies, aligning with and sharing their missions, and seeks out ambitious founders and companies to back.

Source: firm website, verified Aug 7, 2026.

Stage
Seed–Series A
Check
$10K – $250K
HQ
Kristiansand, Washington, NO
Instruments
Equity
Founded
2006
AUM
$75.6M
Tracked investments
68

Team · 13 people

from the firm's website & public directories
Erik Edvard Tønnesen· Chair of regional fundsin

Co-founded Skagerak Capital in 2006 and leads the regional funds as their chair.

What they invest in

from 44 of 68 portfolio companies

SaaS ×24Hardware ×11AI & Machine Learning ×10Energy ×8Enterprise Software ×7IoT ×7Construction Tech ×6Deep Tech ×6

HQs:Norway×25United Kingdom×1United States×1

Investments · 68 tracked

founders shown can be your intro path
Tunabletunable.comin✓ verified

Tunable develops real-time, multigas analysers that combine micro/nanotechnology with infrared spectroscopy to collect high-quality gas data for AI-driven applications.

CleantechClimate TechDeep TechHardwareIoT

Thor Bakke(Founder & CTO)

VilMervilmer.noin✓ verified

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)Harald Odde(Co-founder)

1X

Engineering and robotics company producing human-like androids to augment human labor.

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)

Amadeusamadeus.com
Appsens

Wireless heart-rate sensor (ECG 247) with real-time analysis, targeting people over 60.

Arcamge.com
by Ardoqshiftx.com
by Confirmitconfirmit.comin𝕏
CEMIT

Software and industry expertise to help railway players digitalize operations.

Checkincheckin.noin

Registration and payment system for conferences, courses, and events.

Conpartconpart.no

Conpart develops and supplies Spherica-branded high-precision polymer microparticles with silver, gold, and nickel coatings for conductive adhesives and gap spacer applications.

Deep TechHardwareNew Materials

Decisionsmeetingdecisions.comin𝕏

Decisions builds a meeting management app that integrates with Microsoft Teams and Office 365, offering agenda building, AI-generated recaps and minutes, collaboration tools and follow-up tracking.

Enterprise SoftwareFuture of WorkSaaSOslo, NO

Dillerdiller.io

Diller offers a loyalty platform embedded into physical stores' existing POS and payment terminals, recognizing customers at the moment of payment ("Tap2ID") without an app or QR code.

Marketing TechRetail TechSaaS

Ecg247ecg247.comin

ECG247 is a medically certified wearable heart sensor with two ECG channels for continuous, long-term monitoring of heart rhythm to detect arrhythmias, with recordings uploaded to secure cloud storage accessible to healthcare professionals via a portal and companion app.

Digital HealthHealthtechMedical Devices

Efferaeffera.noin

Effera provides tracking and communication systems for the tunnel and construction industry, giving real-time location oversight of personnel, machines, and equipment via tracking tags or smartphones.

Construction TechIoTSaaS

Fasttravelfasttravel.com

Fast Travel provides a taxi management system for high-traffic areas such as airports and hotels, including a driver app, permit-owner fleet management tools, and self-service booking kiosks.

Mobility & TransportationSaaSTravel & Hospitality

FeltGISfeltgis.noin

FeltGIS provides GIS mapping and data-synchronization software for forestry, connecting mobile apps and an in-machine device (FeltBoks) so forestry contractors, large forest owners and timber traders can share maps, positions, tasks and files even without mobile coverage.

AgTechClimate TechSaaS

Fonnfonn.comin𝕏

Access Fonn is a mobile-first and desktop construction site management platform that handles field-level workflows including drawing version control, snagging, compliance forms, task management, daily reporting, and document approvals.

Construction TechEnterprise SoftwareSaaS

Fonnfonn.ioin𝕏

Fonn is a construction project management platform that connects site and office teams to track progress, share updates, manage documents, drawings, IFC files, tenders, timesheets and RFIs in one system.

Construction TechPropTechSaaS

Fyndrealityfyndreality.comin

Fynd Reality offers an XR (extended reality) collaboration platform called Fynd CORE, designed to support immersive training and collaboration across industries.

EdTechEnterprise SoftwareSaaS

Identecsolutionsidentecsolutions.comin𝕏

Identec Solutions builds real-time asset identification, localisation, and personnel tracking systems for industrial settings such as factories, container terminals, offshore oil rigs, wind parks, and mines.

Advanced ManufacturingIoTLogistics & Supply Chain

Igniteigniteprocurement.comin

Ignite is a procurement analytics platform that consolidates data from ERPs, accounting systems, contracts, spreadsheets, and data warehouses, including messy or inconsistent inputs.

Data & InfrastructureEnterprise SoftwareSaaS

Inline

Patented inline valve testing system with analytics to reduce cost, risk, and maintenance complexity.

Inline Testinline-test.no
Integrasco

Automatic social media monitoring and analytics using machine learning and AI.

Intelecyintelecy.comin
IscAlert

Biomedical sensor measuring tissue pCO2 to indicate perfusion status.

Kairostechkairostech.noin

Kairos Technology develops software for the energy industry that applies digitalization, functional modelling, and data analytics to industrial plant risk assessment, including a digital HAZOP approach.

AI & Machine LearningEnergySaaSStavanger, NO

Labrador

All-in-one publishing tool for writing, editing images, and publishing articles.

Labradorcmslabradorcms.comin

Labrador is a cloud-based content management system for professional publishers and newsrooms, offering an all-in-one tool to write, edit images, and publish articles.

AI & Machine LearningMedia & EntertainmentSaaS

LayerOne

Uses advanced material additives to develop sustainable industrial solutions.

Layeronematerialslayeronematerials.comin

Layer One Materials is a Norwegian manufacturer of advanced material additives, producing graphene, graphene oxide, and POSS (Polyhedral Oligomeric SilSesquioxanes) materials with tailored surface chemistry.

Advanced ManufacturingDeep TechNew MaterialsHerøya, NO

Loggitloggit.eco

Loggit offers a reusable packaging platform for textile collection, using QR-coded reusable bags for tracking, pickup scheduling, and documented CO₂ savings to replace single-use packaging.

Circular EconomyClimate TechLogistics & Supply Chain

Nanopowerseminanopowersemi.comin

Nanopower Semiconductor develops the nPZero subthreshold power-management chip technology that reduces power consumption in battery-powered systems, allowing devices to operate in the nanoampere range during idle periods.

HardwareIoTSemiconductors

Neva Marineneva-marine.no

Neva Marine develops patent-pending surface lighting systems for aquaculture, offering automated sun-simulation and diagnostic tools for feeding and biological control in fish farming pens.

AgTechFoodTechHardware

Norhybridnorhybrid.comin𝕏

Norhybrid Renewables AS develops small vertical wind turbines and combines them with solar panels and battery storage into distributed "mini hybrid" power plants for commercial buildings, factories, farms, and other high-energy users.

CleantechClimate TechEnergy

Carl Ivar Holmen(Chief Executive Officer)Trond Sorensen(Chief Commercial Officer)Roman Stoiber(Chief Technology Officer)Peder Thysted(Chief Operating Officer)

ON24on24.com

ON24 provides a digital engagement platform that uses AI to turn webinars, content hubs, and virtual events into personalized content journeys for B2B sales and marketing teams.

AI & Machine LearningMarketing TechSaaS

Opt-Eopt-e.no

Opt-E offers, implements, and operates energy-saving solutions together with selected partners and supplies energy at competitive terms.

CleantechEnergy

OptoScaleoptoscale.noin

OptoScale builds an underwater camera system (Bioskop 3.0) and analytics portal that provides real-time measurements of fish weight, sea lice, health, behavior, and feeding for salmon aquaculture operators.

AgTechAI & Machine LearningHardware

OSCosc.noin

OSC builds high-fidelity offshore operation simulators for crane operations, vessel manoeuvring, subsea/ROV work, pipelay, and offshore wind installation, all running on a single native physics and 3D platform.

Deep TechEdTechEnergyÅlesund, NO

Penetracepenetrace.comin𝕏

Penetrace provides a platform for measuring and evaluating marketing campaign and brand performance, using benchmarking, a 360° view, and machine learning-based sales modelling and prediction.

AdTechAI & Machine LearningMarketing TechSaaS

Henning Tunsli(Founder)

Piscadapiscada.comin

Piscada builds an AI-powered building intelligence platform (including its Foresight product and cloud-native BAS) that detects faults, predicts failures, and optimizes energy across building portfolios.

AI & Machine LearningEnergyIoTPropTechTrondheim, NO

Kyrre(Product/Platform leader (led original SINTEF Piscada research project))

Presens

High-performance sensor solutions for subsea energy, oceanography, and space.

Propelypropely.comin

Propely is an all-in-one property management platform that digitizes operations and maintenance, covering deviation handling, documentation, service agreements, sustainability reporting, and tenant/supplier communication, with an AI tool for extracting information from service reports.

AI & Machine LearningPropTechSaaS

Repassrepass.ioin

Repass provides a platform for creating and managing Digital Product Passports (DPPs), letting companies map, test, integrate, and scale product data with features like digital ID management, material traceability, workflow automation, and API access.

Circular EconomyEnterprise SoftwareSaaS

Repricereprice.io

Price optimization software for e-commerce companies.

Seminesemine.comin

Semine provides AI-driven accounts payable and invoice automation software for finance and accounting teams, offering automated invoice processing, data capture, and line-level insights.

AI & Machine LearningFintechSaaSKristiansand, NO

Robert Kristiansen(Founder)BjørnArun(Engineering leadership)Daniel(Commercial leadership)Hilde(CFO)Trygve

sensiBelsensibel.comin

sensiBel develops optical MEMS microphones, such as the SBM100B-series, that deliver studio-quality audio in a compact package with high dynamic range, 24-bit audio, and digital interfaces (PDM, I2S, TDM).

Deep TechHardwareSemiconductors

Sensocuresensocure.no

Sensocure develops IscAlert, a biomedical sensor that measures tissue partial pressure of carbon dioxide (pCO₂) to indicate perfusion status and detect the early, reversible stages of ischemia before irreversible tissue injury occurs.

HardwareHealthtechMedical Devices

Shareboxsharebox.globalin

Sharebox provides secure self-service kiosks and cloud-based software that digitize vehicle handovers, check-ins, drop-offs, and aftersales workflows for automotive retailers, dealerships, mobility providers, and rental operators.

Enterprise SoftwareHardwareMobility & TransportationSaaSArendal, NO

Arne Eivind Andersen(CEO / Sales Director)in

ShiftX

Collaborative tool for teams to visualize, understand, and improve business processes.

Skandia Energiskandiaenergi.noin

Skandia Energi is a Norwegian electricity supplier offering spot-price power contracts (such as its greenSpot plan) and the "Norgespris" tariff to residential customers, with a mobile app for hour-by-hour price and consumption tracking.

ConsumerEnergy

Stellstell.aiin

Stellai builds an AI vision co-pilot mounted on material-handler machines that detects objects and hazards in real time without pre-training.

AI & Machine LearningCircular EconomyIoT

Stellai

AI-based technology detecting and preventing fire hazards in waste and recycling facilities.

Stimlinestimline.com

Stimline provides software and automation systems for oil and gas well completion and intervention operations, including its IDEX collaboration platform used by energy and service companies for drilling, completion, intervention, and P&A.

Deep TechEnergyRoboticsSaaS

Erik ZachariasenTom Fedog

Surfact Surfact Visit Surfactsurfact.com

Surfact makes sensor hardware paired with a live dashboard and API integrations for real-time cold chain monitoring, helping track the temperature and integrity of food and pharmaceutical shipments.

HardwareIoTLogistics & Supply Chain

Swiploadswipload.no

Swipload offers a platform for construction logistics that connects ERP systems, transport providers, internal drivers and operational teams to book transport, document deliveries and proof of delivery, and analyze costs, performance and environmental impact.

Construction TechLogistics & Supply ChainSaaS

Trysil Maskin

Builds high-quality, ergonomic road-marking equipment.

Trysilrmmtrysilrmm.comin

Trysil RMM manufactures and supplies road marking equipment, including thermoplastic road marking trucks, traffic printers, line controllers, telematics systems, and multiapplicators.

Advanced ManufacturingConstruction TechHardware

Jon Kjetil Jutulstad(Managing Director)

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Skagerak Capital invest at?
Skagerak Capital invests at the Seed, Series A stages.
What is Skagerak Capital's typical check size?
Skagerak Capital typically writes checks of $10K – $250K.
What sectors does Skagerak Capital focus on?
Skagerak Capital focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Cleantech, Climate Tech, Construction Tech, Data & Infrastructure, Deep Tech, Energy, Enterprise Software, Hardware, Impact & Social Good, IoT, Medical Devices, PropTech, Robotics, SaaS.
Where is Skagerak Capital located?
Skagerak Capital is headquartered in Kristiansand, NO.

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