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The Venture Codex

Sondo

Karl Johans gate 5, Oslo, 0154, Norway

Overview

Sondo Capital is an investment firm, that invests in pre-seed and seed stage teams with a link to Norway.

Total investments
16
Lead investments
4
Investments · 12mo
5
Active investors
3
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Investment portfolio

  • Mimir

    Led · Seed · Jun 2026

    Founded in 2024 by Jørgen Vartdal Halse, Jens Kristoffersen, and Øyvind Monsen, Mimir provides an AI-native operations platform that understands orders, deliveries, returns, and products to handle e-commerce tasks end-to-end. The platform manages roughly 250,000 customer conversations per month for about 60 brands across five countries, including customers such as VILLOID, HiFi Klubben, and Holzweiler. Mimir started focused on AI-first customer support for B2C e-commerce and presents itself as integrated with brands' existing systems and workflows rather than layered on legacy systems. The company has grown about 7x over the past year and achieved profitability without prior external funding. With the newly raised pre-Seed capital, Mimir plans to accelerate product development and double its team to further reduce operational costs for e-commerce brands.

  • Hemi Health

    Participated · Seed · Feb 2026

    Founded in 2023, Hemi Health combines multidisciplinary clinical expertise with a proprietary digital platform and mobile app to deliver personalised diagnostics, treatment plans, continuous monitoring and coordinated care for complex chronic and neuroplastic pain conditions. Initially focused on migraine and headache disorders, the company has broadened its scope to concussion and whiplash care, operating through both physical clinics in Frederiksberg, Middelfart and Aarhus and virtual video consultations. More than 1,000 patients have used its structured treatment model to date. The HEMI app lets users track symptoms in a digital diary and connect with specialists, and the company collaborates with several insurance providers to integrate its services. Fresh funding will support international expansion starting with the Netherlands and accelerate development of the AI-enabled care platform. Management believes AI can turn fragmented, multi-year care journeys into structured programmes with measurable outcomes, positioning Hemi Health for growth in insurance-driven healthcare markets.

  • Fronted

    Led · Seed · Dec 2025

    Fronted is building what it calls a global talent operating system that unifies recruiting, onboarding, payroll and compliance in a single AI-driven workflow. Rather than forcing companies to juggle separate tools for sourcing, interviewing and employment administration, Fronted’s platform automates everything from the initial job description through contract execution and ongoing payroll. The company was founded by a team of operators with backgrounds in global hiring and fintech, including CEO Marius Blaker Hogevold and Chairman/CCO Hans Nyvold Kjellby. Fronted claims its annual recurring revenue has grown 230 percent since July 2025, suggesting early traction for the product. The newly raised capital will be directed toward expanding the product and engineering teams and accelerating feature development on the platform. By removing legal and compliance bottlenecks, Fronted aims to make cross-border hiring simpler and more cost-effective for scaling tech companies worldwide.

  • 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.

  • Starflow

    Participated · Seed · Oct 2025

    Starflow is a Norwegian climate-tech startup led by Easee co-founder Jonas Helmikstøl that aims to transform home energy management through beautifully designed hardware and software. Its first product, the Energy Hub, is a lightweight, modular hybrid-inverter that unifies solar panels, battery storage, electric-vehicle charging and power optimization in one unit. The system functions as the ‘brain’ of the modern home, converting DC to AC while providing an open platform with secure APIs and an SDK so utilities and smart-home developers can build additional services. Starflow’s philosophy is that sustainability wins when products evoke emotion and pride, echoing Tesla’s appeal to consumers beyond pure environmental motives. The founding team also includes Ola Stengel and Nikolai Konopelko, veterans from Zaptec and Easee, bringing deep expertise in turning functional energy hardware into coveted design objects. Financially, the company has just secured NOK 75 million in new capital, comprising a NOK 50 million seed equity round and NOK 25 million in green government grants, only six months after its previous raise. The fresh funds will be used to launch the Energy Hub and accelerate development of its open energy platform.

Team