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The Venture Codex

Skyfall Ventures

Oslo, Norway

Overview

Skyfall Ventures is a seed-stage venture capital firm based in Oslo, Norway. The firm invests in Nordic seed-stage technology companies. Skyfall Ventures was established as a firm in 2016 but has invested under the Skyfall umbrella since 2014. Skyfall's first fund, with NOK 70 million ($7m) in assets under management, was launched in February 2020. Prior to launching their first fund, Skyfall had invested NOK 30 million ($3m) across 16 companies.

Total investments
27
Lead investments
13
Investments · 12mo
6
Active investors
8

Sector focus

  • Blockchain
  • Software
  • Venture Capital
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Investment portfolio

  • Visoid

    Led · Seed · Aug 2026

    VISOID develops AI design visualization technology that allows architects and designers to create architectural renders more quickly and accessibly. In just over two years the platform has been used by architects in 120 countries to produce more than 5 million renders. Its user base ranges from independent practices to major firms such as OMA and Sweco. The company says it is scaling its team and accelerating product development to support international adoption. VISOID recently raised $2.5 million in seed funding to fund that expansion and product acceleration. Continued support from organizations including Startuplab, OBOS and Antler was also noted in reporting.

  • Hive

    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.

  • Stendr

    Led · Seed · Apr 2026

    Stendr is building a vertically integrated technology stack that combines hardware and software with artificial intelligence at its core, headquartered in Oslo. Its initial focus is drone defence, leveraging AI-driven multi-sensor systems embedded in cost-efficient hardware platforms for detection, tracking and situational awareness. The founding team has experience in scaling technology companies and delivering complex engineering projects across AI and hardware. The company recently raised $5.4 million in a pre-seed round to fund product development and deployment efforts. Stendr intends to expand its engineering and hardware capabilities and accelerate deployment of its platform to support sovereign defence capabilities in Europe.

  • WeWillWrite

    Led · Equity · Nov 2025

    Founded in 2019, WeWillWrite offers a process-oriented writing platform where students craft short texts and give one another feedback, transforming writing into a collaborative, game-like activity. The software combines real-time AI feedback with an ever-growing library of prompts, aiming to boost clarity, creativity, and critical thinking while teaching students to master AI as a tool. After launching in the U.S. and Canada in March 2025, the product is now used by millions of students and more than 100,000 teachers, particularly in elementary and middle schools. Teachers praise the platform for motivating reluctant writers, and network effects within educator communities are driving rapid adoption. Financially, WeWillWrite has just raised €2 million in growth capital and had previously been supported by a group of prominent Nordic angels. The fresh funds will bolster hiring in Norway and fuel deeper expansion across key U.S. regions, setting the stage for a global rollout starting in 2026–27.

  • Riff

    Participated · Series A · Oct 2025

    Riff, formerly known as Databutton, provides a low-friction platform that equips practitioners across an organisation to design, test, and launch AI apps and agents. The service bundles proven templates, starter apps, and expert guidance with native data connectors and production-grade, secure infrastructure, letting teams move beyond simple "vibe coding" experiments to business-ready deployments. Companies in financial services, logistics, healthcare, manufacturing, and consumer goods are already adopting the product to boost productivity and completion rates. By enabling AI solutions that work with real data under enterprise-grade controls, Riff aims to convert the rapid growth of AI tooling into measurable business impact. The company plans to use its new capital to scale go-to-market efforts and empower thousands more professionals to launch impactful AI solutions. To date, Riff has raised $21 million in venture funding, positioning it well to accelerate platform development and market expansion.

Team