Participated · Series A · Jul 2026

Founded in 2020 in Kristiansand, HIVE develops a silicon brain composed of neural networks trained to operate as human operators and retrofitted onto existing industrial machines rather than sold as new hardware. Its system has been deployed in tunnels, quarries and logistics sites and has delivered customer results at locations including Yara’s Herøya plant, a Norwegian Road Authority avalanche-clearance project, and through a prior partnership with Toyota Material Handling. HIVE says its software works across brands and machine types and becomes more effective the longer it operates. The company has 52 employees and is expanding from Europe into the U.S., using its recent $15M pre-Series A to hire more technical staff and support that expansion. HIVE is awaiting broader proof of physical-AI effectiveness, targeting measurable cost savings and efficiency gains in the second half of 2026. The founder, Christoffer Jørgenvåg, previously built and sold a control-systems company and this round represents his first institutional VC raise; total funding to date has not been disclosed.

Led · Equity · Jul 2026

Alva Industries develops ultra-compact, frameless electric motors using its patented FiberPrinting manufacturing technology to deliver high torque density and cogging-free performance. Headquartered in Trondheim, the company serves customers across robotics, aerospace, defence, medical technology, industrial automation and autonomous systems. Alva reports hundreds of active customer projects across commercial and defence markets and growing demand from OEMs in robotics, aerospace and medical devices. The company manufactures its products in Norway and plans to significantly scale production capacity to meet increasing international demand. The recent equity financing will fund manufacturing expansion, further product development and support its international growth plans.

Participated · Equity · Jun 2026

Nereida Energy develops the control "brain" and management systems for maritime battery installations, providing continuous battery-state monitoring, data collection and processing, and operation optimisation tailored to each vessel. Its solutions are offered to a broad set of vessel types including service vessels, wellboats, ferries and offshore ships. The company emphasizes that differentiation comes from its steering and control systems rather than batteries themselves. Nereida reports significant market interest and says the new capital will be used to strengthen the organisation and continue product development. Founded in 2025, the company aims to leverage investor partnerships to access industrial environments and scale in a market driven by increased electrification and tighter climate rules.

Participated · Equity · Jun 2026

Maritime Robotics develops autonomous maritime systems and has established deployments across demanding dual-use environments. The Trondheim-headquartered firm describes itself as having moved past the experimentation phase toward scaled commercial activity. Management said the company will scale manufacturing and broaden its product portfolio to meet accelerating global demand. The business recently secured a €28 million growth investment to fund that expansion. Investors in the round include Mustard Seed + Partners, EnvisionTech, Nysnø Climate Investments, Umoe AS, and participation from founders, employees, and early backers.

Participated · Equity · Apr 2026

Dimensions Agri Technologies has developed a sensorsystem that uses cameras and AI to distinguish between crop plants and weeds and to control spraying in real time, claiming average reductions in pesticide use of 40–45 percent. The technology is being offered factory-mounted through partnerships with agricultural equipment manufacturers such as Kverneland. DAT is developing a subscription model that provides cloud-based analysis of field data in addition to its hardware offering. Financially the company reported a 350% revenue increase in 2025 to 17.5 million kroner and its first profit before tax of nearly two million kroner. With the new 40 million kroner equity raise, DAT intends to scale its technology internationally, targeting broader adoption across Europe.