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Skagerak Capital

Venture capitaloperating company · company profile

Kristiansand · Seed–Series A · 14 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
69

Team · 14 people

from the firm's website & curated & 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 49 of 69 portfolio companies

SaaS ×29Enterprise Software ×15AI & Machine Learning ×13Hardware ×12IoT ×10Energy ×9Cleantech ×8Advanced Manufacturing ×7

HQs:Norway×31United Kingdom×2Austria×1United States×1

Who they back

founder profiles across 9 portfolio companies
67%
solo founders
6 of 9 mapped founding teams

Founding team size:solo founder×62 founders×3

Investments · 69 tracked

founders shown can be your intro path
Saga Tenixtenix.euin✓ verified

Tenix builds software for transport operators to manage buses, electric vehicles, and fleet operations.

CleantechClimate TechEnterprise SoftwareLogistics & Supply ChainMobility & TransportationSaaSOslo, NO

Torbjørn Krøvel(Chief Executive Officer)Grzegorz Masłowski(Chief Technology Officer)Caroline Kverne(Chief Commercial Officer)Kristian T. Andersen(Chief Financial Officer)

Co-investorsIdékapitalNewday

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)

Co-investorsTRUMPF Venture

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.techin𝕏Jan 2024 · $100M

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 VCAlliance VentureEQT VenturesSamsung NextSandwaterSprettert+8 more

Amadeusamadeus.com

Spanish travel technology company providing reservation, distribution and IT systems for airlines, agencies and hospitality.

Appsens

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

ArcamAcquired

British hi-fi and home cinema electronics maker A&R Cambridge (Arcam), owned by Harman International, a Samsung subsidiary.

Co-investorsElevate VenturesIndustrifonden

by Ardoqshiftx.comAcquired

ShiftX is a process management tool that lets teams map, document, and improve business processes by turning people, systems, and other actors into reusable components.

Enterprise SoftwareFuture of WorkSaaS

Co-investorsAlliance VCAlliance Venture

CEMITcemit.com

Software and industry expertise to help railway players digitalize operations.

Checkincheckin.noin

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

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 VCAlliance Venture

Conpartconpart.no

ConPart produces silver-coated polymer particles (Spherica® Ag) for electrically conductive adhesives used in microelectronics, die attach, and solar module assembly.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew 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

Co-investorsIdékapital

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

Co-investorsÅ Energi Invest

Fasttravelfasttravel.com

Fast Travel develops hardware and software solutions for the taxi industry.

HardwareMobility & TransportationSaaSTravel & HospitalityOslo, NO

Ole Morten Amundsen(CEO)Henrik Holter(COO)Martin Ulleberg(CIO)

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.comin𝕏Acquired

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

Co-investorsIdékapital

Fonnfonn.ioin𝕏Acquired

Access Fonn is a mobile-first construction site management platform that helps project teams coordinate drawings, tasks, inspections, and defect tracking from both site and office.

Construction TechPropTechSaaSUK, GB

Fyndrealityfyndreality.comin

Fynd Reality develops immersive training platforms using virtual and augmented reality technologies for professional development across industries.

Deep TechEdTechEnterprise SoftwareSaaSHamar, NO

Identecsolutionsidentecsolutions.comin𝕏

Identec Solutions develops safety and asset management solutions for operational processes in harsh industrial environments.

Advanced ManufacturingEnterprise SoftwareIoTLogistics & Supply ChainVienna, AT

Mathias(Owner)Elmar(CEO and Co-Owner)

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

Co-investorsSNÖ Ventures

Inline

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

Inline Testinline-test.no

Co-investorsProVenture

Integrasco

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

Intelecyintelecy.comin

Intelecy offers a no-code industrial AI platform that lets process engineers and operators build machine learning models to monitor and optimize manufacturing processes in real time.

Advanced ManufacturingAI & Machine LearningSaaS

Co-investorsButterfly VenturesYara Growth Ventures

IscAlert

Biomedical sensor measuring tissue pCO2 to indicate perfusion status.

Kairostechkairostech.noin

Kairos Technology develops software for the energy industry.

Advanced ManufacturingAI & Machine LearningEnergyEnterprise SoftwareIoTSaaSStavanger, NO

Bjarne André Asheim

Co-investorsProVenture

Labrador

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

Labradorcmslabradorcms.comin

Labrador CMS is a cloud-based content management system designed for digital publishers and journalists to create, design, and publish articles and magazines quickly with a WYSIWYG editor.

AI & Machine LearningEnterprise SoftwareMarketing TechMedia & EntertainmentSaaS

LayerOne

Uses advanced material additives to develop sustainable industrial solutions.

Layeronematerialslayeronematerials.comin

LayerOne Materials manufactures and sells graphene-based nanomaterials, including reduced graphene oxide (REGOX8®) and graphene oxide (GOX8®), produced using proprietary methods in Norway.

Advanced ManufacturingCleantechDeep 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 Semiconductors provides semiconductor products and technical support, offering product registration for their IPMIC and EVB devices.

CleantechHardwareIoTSemiconductorsKristiansand, NO

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.comin𝕏Acquired

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

Sharat Sharan(Founder)in

Co-investorsBand of AngelsCanaan PartnersMidCap Financial InvestmentRho VenturesSecond Alpha PartnersUS Venture Partners+1 more

Opt-Eopt-e.no

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

CleantechEnergy

Co-investorsEviny VenturesSprettert

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 designs and deploys customized simulation centres and virtual prototypes for offshore and marine operations, including vessel training, subsea operations, and heavy lift installations.

Advanced ManufacturingDeep TechEdTechEnergyEnterprise SoftwareSaaSÅlesund, NO

Co-investorsEviny VenturesMomentum

Penetracepenetrace.comin𝕏Acquired

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))in

PresensAcquired

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 helps European brands build transparency and authenticity through digital solutions focused on circularity, operating with a holistic approach to social, environmental, and economic sustainability.

Circular EconomyEnterprise SoftwareSaaSBetween Norway and Italy, NO

Repricereprice.io

Price optimization software for e-commerce companies.

Seminesemine.cominAcquired

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)Arun(Engineering leadership)inDaniel(Commercial leadership)inHilde(CFO)in

Co-investorsEurazeo

sensiBelsensibel.comin

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-Tel

Sensocuresensocure.no

Sensocure develops implantable microsensor technology to monitor tissue oxygen levels and detect ischemic events before irreversible damage occurs.

BiotechDigital HealthHardwareHealthtechMedical DevicesOslo, NO

Trond Herje(CEO)Stein Hansen(Chief Technology Officer)Stein Ivar Hansen(CTO)

Co-investorsInnovation Norway

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

ShiftXacquired by Ardoq

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

Co-investorsAlliance VCAlliance Venture

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 builds IoT hardware and cloud-based software for monitoring temperature and conditions in cold-chain logistics, serving pharmaceutical, food, and equipment supply chains.

HardwareIoTLogistics & Supply ChainNorway, NO

Per Magne Helseth(Co-founder)

Co-investorsFarvatn Venture

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.

Exits · 1

IPOs and acquisitions across the tracked portfolio

ShiftXacq. by Ardoq

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Skagerak Capital made?
Skagerak Capital has 68 tracked investments, 1 of which have exited via acquisition or IPO.
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.
Who does Skagerak Capital co-invest with?
Skagerak Capital most often shares deals with Alliance VC, Alliance Venture, Å Energi Invest, among 25 tracked co-investors.

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