The Venture Codex Logo

The Venture Codex

DNV

19219 Katy Freeway, Suite #175, Houston, Texas, 77094, United States

Overview

Digital solutions for managing risk and improving safety and performance.

Founded

1865

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A

Geographic focus

Denmark
Germany
Norway
United Kingdom
...

Sector focus

Electrical Distribution
Energy
Software

Investment portfolio

12rounds
NAMEDATESIZE
Gridcog
Jul 2026Participated
$10 MSeries A
Aidalos
Jun 2026Led
$2 MOther Equity
Ofiniti
Mar 2026Participated
$7 MOther Equity
Recare
Jan 2026Led
$44 MOther Equity
SkyFi
Jan 2026Participated
$13 MSeries A
We Are Learning
Sep 2025Led
$3 MOther Equity
SplxAI
Mar 2025Participated
$7 MSeed
2021.AI
Aug 2024Led
$4 MOther Equity
Leap
Jul 2023Participated
$12 MOther Equity
Raptor Maps
Apr 2022Participated
$22 MSeries B
ScoutDI
Mar 2021Led
$3 MOther Equity
uMotif
Sep 2020Participated
$7 MSeries A
Gridcog
Jul 2026Participated
$10 MSeries A
Aidalos
Jun 2026Led
$2 MOther Equity
Ofiniti
Mar 2026Participated
$7 MOther Equity
Recare
Jan 2026Led
$44 MOther Equity
SkyFi
Jan 2026Participated
$13 MSeries A
We Are Learning
Sep 2025Led
$3 MOther Equity
SplxAI
Mar 2025Participated
$7 MSeed
2021.AI
Aug 2024Led
$4 MOther Equity
Leap
Jul 2023Participated
$12 MOther Equity
Raptor Maps
Apr 2022Participated
$22 MSeries B
ScoutDI
Mar 2021Led
$3 MOther Equity
uMotif
Sep 2020Participated
$7 MSeries A
12
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

DNV: 12 funding rounds are recorded in the selected participation categories.All available history.
DNV: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A03
Series B01
Other Equity52

Monthly Deal Activity

DNV: 12 deals are recorded across 74 months.All available history.
DNV: 12 deals are recorded across 74 months. All available history
MonthDeals
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '262
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

DNV: Enterprise Software is the largest displayed sector by deal count (5 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

DNV: Enterprise Software is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
Enterprise Software5
Clean Energy & Sustainability5
AI & Machine Learning5
Health & Life Sciences3
Data, Analytics & IT2
Hardware & Robotics2
Education & Workforce1
E-Commerce & Retail1
Cybersecurity & Privacy1
AR/VR1
Space & Frontier Tech1
Networks, Cloud & Communication1
Marketing & Advertising1
Fintech1
Food & Agriculture1
Professional Services1

Deal Size Distribution

DNV: 12 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

DNV: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M3
$10M-$25M4
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

DNV: Europe has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

DNV: Europe has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Europe7
United States4
Australia1
DNV: 20 co-investors are shown, with AlbionVC sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

DNV: 20 co-investors are shown, with AlbionVC sharing 2 recorded deals. All available history
Co-investorShared deals
AlbionVC2
Buoyant Ventures2
Congruent Ventures2
ABB1
Aidiom1
Andenes Ventures1
Axpo1
Bergen1
Beyond Earth Ventures1
Blue Bear Capital1
Byenorth1
CIBC Innovation Banking1
Clean Energy Finance Corporation1
Creati1
Data Point Capital1
ENGIE New Ventures1
Equinor Ventures1
Inovo Venture Partners1
Iron Gate Capital1
J2 Ventures1

Investment Strategy

DNV: Led accounts for 42% and participating for 58% of round participation.All available history.
DNV: Led accounts for 42% and participating for 58% of round participation. All available history
CategoryDeals (count)Share (%)
Led542%
Participating758%
DNV: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
DNV: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead360%
Co-led240%

Team

Daniel Holth Larsen
Jim Paull

Senior Advisor for Distributed Resources

Juan Carlos Arévalo

Executive Vice President

Kaare Helle
Luca Crisciotti

CEO, Supply Chain and Product Assurance

Sandro Plamp

Senior Energy Engineer

Tone Lunde Bakker

DNV Counsil, Head of Control Comittee