Seed and Venture Fund Investments

Seed and Venture Fund Investments

Provides commitments across Norway to managers investing into seed and venture-stage technology companies.

Investinor Seed and Venture Fund Investments is a fund-of-funds program through which Investinor AS — the Norwegian state-owned investment company owned by the Ministry of Trade, Industry and Fisheries — makes LP equity commitments to independent Norwegian seed and venture fund managers. Investinor has committed capital to more than 45 Norwegian seed and venture funds, including well-known managers such as Antler, Hadean Capital, SINTEF Venture, Skagerak Capital, Skyfall Ventures, and Snö. The program covers both seed-stage and venture-stage investing, operating as a complement to Investinor's direct investment activities and its pre-seed fund program. Ticket sizes per fund are not publicly disclosed and require direct contact with Investinor.

Eligibility under this program is directed at Norwegian seed and venture fund managers (GPs) rather than at individual start-up companies. Qualified managers must be raising funds primarily focused on Norwegian innovative companies and must demonstrate the capability to attract matching private capital. The sector mandate is broad and technology-oriented, covering sectors with global competitive advantages and contributions to sustainable economic growth, including but not limited to deep tech, energy, life sciences, and AI. All instruments are equity or equity-like; no grants are provided. The 45-plus fund portfolio indicates that Investinor has deployed this model consistently over multiple fund vintages and manager relationships.

Fund managers interested in an Investinor LP commitment initiate engagement through the inquiry form at investinor.no, followed by a structured review and due diligence process. Investinor operates offices in Trondheim and Oslo, and the broader Investinor group includes regional vehicles: Såkorninvest-Midt Norge AS for Mid-Norway and Investinor Nord Norge AS for Northern Norway. The program is specifically designed for GP-level applicants seeking institutional anchor capital for new Norwegian seed or venture funds, not for companies seeking direct investment.