Pre-Seed–Seed
Investment thesis
Sondo Capital invests in pre-seed and seed stage teams that have a link to Norway, writing initial checks of roughly 2-6 million NOK. The firm focuses on the core value drivers relevant at the earliest stages: idea quality, team strength, product-market fit, technology risk and financing risk. Its mandates pursue purely financial objectives, and given the limited availability of verifiable ESG data at pre-seed/seed, the firm does not integrate sustainability risks as standalone decision criteria beyond ordinary financial and operational risk assessment.
Source: firm website, verified Aug 16, 2026.
What they invest in
from 30 of 36 portfolio companiesSaaS ×20AI & Machine Learning ×16Enterprise Software ×9Fintech ×8Data & Infrastructure ×5Energy ×4Cleantech ×3Climate Tech ×3
HQs:Norway×18United Kingdom×2Canada×1Germany×1Denmark×1Sweden×1
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×72 founders×43 founders×44+ founders×2
Where their founders studiedfrom 14 founders with education data
Norwegian University of Science and Technology (NTNU) ×7
Where their founders worked beforefrom 19 founders with career history
Oda ×3Otovo ×3Disruptive Technologies ×2Norwegian University of Science and Technology (NTNU) ×2NTNU Technology Transfer AS ×2Tana Labs ×2
Investments · 36 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 12 dated
A cybersecurity company that provides AI-driven content moderation and trust and safety services to protect children and teenagers from harmful online behavior such as bullying, harassment, and cyber grooming.
AI & Machine LearningCybersecurityDigital HealthSaaSGjøvik, NO
Hege Tokerud(CEO & Co-founder)inGard Støe(CTO & Co-founder)inProf. Patrick Bours(Lead Researcher & Co-founder)
Bislab aggregates and organizes company credit, financial, and ownership data from public sources to support risk assessment and due diligence.
AI & Machine LearningData & InfrastructureEnergyEnterprise SoftwareFintechSaaSOslo, NO
Norwegian AI company whose Breyta.ai assistant synthesizes insights across multiple unstructured files such as interviews and sales calls.
Co-investorsSNÖ Ventures
Cardboard offers a SaaS platform for managing software subscriptions and expenses, including card issuing for secure purchasing and automated accounting.
Enterprise SoftwareFintechSaaSOslo, NO
Andreas Røyrvik(Co-founder and CPO)inJakob Gerhard Martinussen(Co-founder and CTO)inStein Magnus Jodal(Co-founder and COO)inVidhi Kumar(Co-founder and CGO)inOle Daniel Nitter(CEO)inSwati Srivastava(Head of Design)in
Co-investorsProVentureInnovation NorwayRunwayFBUSkyfall Ventures
Catchwise provides satellite AIS tracking and fishing activity analysis, giving global visibility into vessel positions, movements, and operations.
AgTechAI & Machine LearningClimate TechData & InfrastructureFoodTechLogistics & Supply ChainSaaSSpace TechOslo, NO
Jonas Dammen(Founder)in
Co-investorsDreamcraft
Curipod develops an interactive learning platform designed to encourage classroom engagement and discussion.
AI & Machine LearningEdTechSaaS
Jens Seip(CEO)Eirik Berre(COO)Frikk Fossan(CTO)in
Co-investorsEdovate Capital
Dune provides normalized blockchain datasets covering 130+ chains, including stablecoin, prediction market, tokenized real-world asset, and token balance data, delivered into customers' existing data warehouses such as Snowflake, Databricks, or BigQuery.
Crypto & Web3Data & InfrastructureFintechOslo, NO
FredrikMats
Co-investorsAmbush CapitalBitDAOCoinbase VenturesDigital Currency GroupMantle NetworkHashed
Enode provides APIs that enable energy companies and climate tech startups to coordinate electricity demand and supply by automatically optimizing consumer energy usage based on renewable availability and pricing.
Advanced ManufacturingCleantechClimate TechData & InfrastructureEnergySaaSOslo, NO
Henrik Langeland(Founder)inNikolai Heum(Founder)in
Co-investorsLowercarbon CapitalCreandumLOWERCARBONSkyfall VenturesY CombinatorBoxGroup
Hemi is a specialized private clinic for diagnosing and treating headache disorders — including migraine, tension headache, cluster headache, concussion, and whiplash-related symptoms — in both children and adults.
Digital HealthHealthtechWellness & FitnessFrederiksberg, DK
Co-investorsAlliance VCAlliance VentureCrowberry Capital
HEMI provides a proprietary clinical AI platform serving hospitals, clinicians, and patients across Southeast Asia, with particular strength in Malaysia.
AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechLondon, GB
Dr. Ezam Mat Ali(Founder & CEO)Lilyana Abdul Latiff(Co-Founder and Chief Technology Officer)Dr. Saifol Bahri Shamlan(Co-Founder and Chief Financial Officer)Hemy Sorfina Halim(Co-Founder and Chief Marketing Officer)
Co-investorsAlliance VCCrowberry Capital
Co-investorsBrighteye VenturesPT1Sprettert
Lightsonic uses fibre sensing technology combined with existing infrastructure to detect leaks across water utility networks.
CleantechDeep TechIoT
Co-investorsSprettert
NaDeNo develops nanoparticle drug delivery technology that encapsulates hard-to-deliver molecules through a proprietary one-step process without chemical modification.
BiotechDeep TechMedical DevicesOslo, NO
Annbjørg Falck(Co-founder & Chief Executive Officer)Yrr Mørch(Co-founder & Chief Technology Officer)in
Co-investorsFarvatn Venture
OmniMod develops a modular hardware and AI-powered software system for warehouses and distribution centers to automate material handling tasks including sorting, buffering, consolidation, and routing.
AI & Machine LearningEnterprise SoftwareHardwareLogistics & Supply ChainRoboticsOslo, NO
Ordinary Objects provides design and prototyping tools for mixed reality projects, enabling designers to create visual representations of spatial experiences for stakeholders and developers.
Developer ToolsHardwareMobility & TransportationSaaS
Reliable AI develops tools and solutions for responsible and ethical artificial intelligence applications, serving researchers and organizations seeking to understand how language models represent and process information.
AI & Machine LearningEdTechEnterprise SoftwareLegalTechSaaSOslo, NO
Markus Kreutzer(CEO, Co-Founder)Halvor Tyseng(CTO, Co-Founder)Jonas Timmann Mjaaland(CPO, Co-Founder)Tor Ole Bigton Odden(Co-Founder)Anders Malthe-Sørenssen(Co-Founder)
Bend, US
Bobby Evers(Manager of Riff LLC)Paul Evers(Manager of Riff LLC)Nate Armbrust(Manager of Riff LLC)
Co-investorsNorthzoneGlobal Founders CapitalIllusianMaki.vcSkyfall Ventures
Riff builds AI agents that automate the operational work behind manufacturing orders — including quoting, procurement, planning, logistics, invoice matching, and supplier follow-up — running on top of existing ERP systems like SAP, Oracle, Infor, and Microsoft.
Advanced ManufacturingAI & Machine LearningLogistics & Supply Chain
Co-investorsSkyfall Ventures
Skye develops technology for managing energy and flexibility within industrial processes, drawing on expertise in control systems, industrial automation, and energy market trading.
AI & Machine LearningCleantechEnergyEnterprise Software
Tor Espen Steinvik(CEO)inAndreas Lundgren(COO)inLinus Frosteryd(CTO)in
Co-investorsCourse Corrected VC Holding IIHAWKTAILTransitionTransition Global
Spring provides on-chain token distribution and vesting tools for Web3 communities, supporting complex vesting schedules (cliffs, daily, monthly, multi-period), automated token allocation calculations, wallet collection, and a decentralized claim portal.
Crypto & Web3FintechMarketplacesSaaS
Sebastian Almnes(Founder)in
Co-investorsSkyfall VenturesSNÖ VenturesKraken Ventures
Strise builds an automated financial-crime compliance platform that handles customer onboarding, continuous risk monitoring, ownership mapping, and alert triage for banks and large enterprises.
AI & Machine LearningCybersecurityFintechOslo, NO
Marit Rødevand(Founder and Chief Executive Officer)in
Co-investorsActivant CapitalSkyfall VenturesAtomico
Tana is a workspace platform designed to help humans, teams, and computers collaborate more effectively.
AI & Machine LearningFuture of WorkSaaSSector Agnostic
Tarjei M. Vassbotn(CIO/Founder)inOlav S. Kriken(CEO/Founder)inGrim H. Iversen(CAIO/Founder)in
Co-investorsAlliance VentureLightspeed Venture PartnersTola Capitalfirstminute capitalLa FamigliaNorthzone+1 more
Tundra Drone develops modular UAV payloads and mission accessories—including visible/IR lighting, precision droppers, speakers and laser pointers—that extend the operational range of small drones.
Defense TechHardwareRoboticsKautokeino, NO
Two provides net terms (buy-now-pay-later) infrastructure for B2B sellers, automating the order-to-cash lifecycle including invoicing, reminders, dunning, credit decisioning, and fraud prevention through AI risk engines.
AI & Machine LearningFintechSaaSOslo, NO
Edward Brandler(Founder)
Co-investorsAlliance VCAlliance VentureBring VenturesIdékapitalNordstarSequoia Capital+3 more
Unleash provides feature management tools for developers to simplify software development and enable faster delivery of applications.
Developer ToolsEnterprise SoftwareSaaSOslo, NO
Ivar Østhus(CTO)inEgil ØsthusinKohji NAKAZATO(Founder)in
Co-investorsAlliance VCAlliance Venturefirstminute capitalFrontline VenturesSpark Capital
Unloc offers a mobile app and cloud-based control center that turn physical keys into digital ones, letting users open doors, share access, and manage entry to buildings from anywhere.
IoTPropTechSaaS
Versiro is founded by an academic researcher focused on electricity markets and renewable energy integration.
Climate TechEnergyFintechSaaS
Simon Risanger(Co-founder & CEO)in
Co-investorsAlliance VCAlliance Venture
We Are Learning builds an authoring platform for creating interactive, immersive learning content featuring AI-driven talking avatar characters, with multilingual AI voices and SCORM/LMS export for use in corporate and educational training.
AI & Machine LearningEdTechSaaS
Co-investorsDreamcraft
Portfolio news
latest coverage across their companiesDune · entrepreneur.economictimes.indiatimes.com · Jul 17, 2026
Enode · kurrant.com · Apr 20, 2026
Unleash · getunleash.io · Mar 4, 2026
Hemi Health · arcticstartup.com · Mar 2, 2026
Hemi · eu-startups.com · Feb 20, 2026
Riff · riff.ai · Oct 27, 2025
Frequently asked questions
- How many investments has Sondo Capital made?
- Sondo Capital has 34 tracked investments.
- What stage does Sondo Capital invest at?
- Sondo Capital invests at the Pre-Seed, Seed stages.
- What is Sondo Capital's typical check size?
- Sondo Capital typically writes checks of $190K – $570K.
- What sectors does Sondo Capital focus on?
- Sondo Capital focuses on Sector Agnostic.
- Who does Sondo Capital co-invest with?
- Sondo Capital most often shares deals with Alliance VC, Alliance Venture, Skyfall Ventures, among 29 tracked co-investors.
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