Skagerak Capital — Full Portfolio

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)in

Co-investorsTRTRUMPF Venture

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

ØLØystein Landgraff(Founder & CEO)inHOHarald Odde(Co-founder)

Co-investorsINInvestinor

1X is an AI and robotics company developing general-purpose humanoid robots for home and industrial use.

AI & Machine LearningConsumerHardwareRoboticsPalo Alto, US

BØBernt Øyvind Børnich(CEO)inBBBernt Børnich(Founder)in

Co-investorsACAccess Ventures (New York)AFAF WPartnersALAlliance VCALAlliance VentureAVavraEQEQT Ventures+14 more

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

ShiftX provides a process mapping and visualization tool designed for employees across organizations to document, communicate, and improve business operations collaboratively without requiring specialized training.

Developer ToolsEnterprise SoftwareFuture of WorkSaaSOslo, NO

Nikolai Strandskogen(Chief Executive Officer)Eigil Sagafos(Chief Technical Officer)Kjetil Jortveit(Chief Growth Officer)

Co-investorsALAlliance VentureALAlliance VC

Software and industry expertise to help railway players digitalize operations.

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

Checkin ran weekly 8-minute video conversations designed to connect people and help them support one another.

ConsumerSocial

Scott Heiferman(Founder)Shavanna Miller(Founder)

Co-investorsBLBloomberg Beta

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-investorsALAlliance VCALAlliance Venture

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

TOTom Ove Gronlund(Founder)in

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-investorsIDIdékapital

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

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

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 Å Energi InvestINIngeborg InvestmentsRERelish WorksSISiam CapitalSPSpark Capital

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

HardwareMobility & TransportationSaaSTravel & HospitalityOslo, NO

OMOle Morten Amundsen(CEO)HHHenrik Holter(COO)MUMartin Ulleberg(CIO)

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

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-investorsIDIdékapitalINInnovation Norway

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

Co-investorsINInnovation Norway

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

Deep TechEdTechEnterprise SoftwareSaaSHamar, NO

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)

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-investorsARArkwright XSNSNÖ VenturesINInvestinor

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-investorsBUButterfly VenturesYAYara Growth VenturesBUButterflyINInvestinor

Kairos Technology develops software for the energy industry.

Advanced ManufacturingAI & Machine LearningEnergyEnterprise SoftwareIoTSaaSStavanger, NO

BABjarne André Asheimin

Co-investorsPRProVenture

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

Jon Reidar Hammerfjeld(Founder)

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

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

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

CleantechHardwareIoTSemiconductorsKristiansand, 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

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

CICarl Ivar Holmen(Chief Executive Officer)inTSTrond Sorensen(Chief Commercial Officer)inRSRoman Stoiber(Chief Technology Officer)inPTPeder Thysted(Chief Operating Officer)in

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

SSSharat Sharan(Founder)in

Co-investorsATATEL VenturesBABand of AngelsCACanaan PartnersMIMidCap Financial InvestmentRHRho VenturesSASaints Capital+3 more

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

CleantechEnergy

Co-investorsEVEviny VenturesSPSprettert

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

Morten Frøseth(Founder)

Co-investorsBLBlue Ocean Capital GroupINInsight PartnersSWSWEN Capital Partners

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-investorsEVEviny VenturesMOMomentum

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

HTHenning Tunsli(Founder)in

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

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

OLOle Lassesen Ekern(Founder)in

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

Reprice is a pricing platform that runs competitive market-based pricing and discount campaigns from a single set of product data, letting users match products to market prices, move others into campaigns, and review campaign prices before they go live.

E-commerceRetail TechSaaS

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

RKRobert Kristiansen(Founder)inAArun(Engineering leadership)inDDaniel(Commercial leadership)inHilde(CFO)in

Co-investorsEUEurazeoKIKistefos Venture Capital

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)inJVJakob Vennerød(Director of Systems & Co-founder)in

Co-investorsINIn-Q-TelINInvestinorTRTRUMPF Venture

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

BiotechDigital HealthHardwareHealthtechMedical DevicesOslo, NO

THTrond Herje(CEO)SHStein Hansen(Chief Technology Officer)

Co-investorsINInnovation NorwayEUEuropean Innovation Council Fund

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

AEArne Eivind Andersen(CEO / Sales Director)in

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

Stell develops AI systems for complex environments, focused on computer vision that interprets visual data.

AI & Machine LearningCircular EconomyDeep TechIoT

Mattias Sohl(Chief Executive Officer)inTrygve Solberg(Chief Technology Officer)inKSKristoffer Sand(Chief Operating Officer)inBTBenjamin Torvund(Chief Financial Officer)in

Co-investorsLOLong Journey VenturesTHThird PrimeWIWischoff Ventures

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 ZachariaseninTFTom Fedogin

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

PMPer Magne Helseth(Co-founder)in

Co-investorsFAFarvatn VenturePLPlanet 9 Capital

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

SVStian Vere(Founder)in

Trysil Maskin provides equipment service and maintenance support, including remote troubleshooting, on-site inspections, and scheduled maintenance intervals for industrial machinery customers.

Advanced ManufacturingConstruction TechHardware

JKJon Kjetil Jutulstad(Managing Director)

Utel Insight is a network monitoring and service assurance platform that provides real-time visibility into telecom networks through signaling analysis and performance metrics.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareIoT

VesselMan provides a cloud-based SaaS platform for the maritime industry that digitizes technical vessel projects such as dry-docking, ship repairs, and turnkey projects.

Cloud ComputingLogistics & Supply ChainSaaSOslo, NO

Stig Linna(Founder)

Vissim develops software, turnkey solutions, and infrastructure for marine optimisation and surveillance, providing real-time monitoring, data analysis, and decision support for offshore and coastal operations.

CleantechEnergyLogistics & Supply ChainSaaSHorten, NO

Co-investorsÅ Å Energi Invest

Vrex is a VR collaboration platform that lets project teams view and explore BIM, CAD, and point cloud models together in real-time shared 3D environments.

Construction TechPropTechSaaS

Zisson provides cloud-based contact center software, including Zisson Interact for voice and SMS interactions and Zisson Socialboards for digital channels such as email, chat, and social media.

Cloud ComputingEnterprise SoftwareSaaS