SNÖ Ventures

SNÖ Ventures is a seed-stage venture capital firm focused on technology companies in the Nordic region. Founded in 2015 and based in Oslo, Norway, with an additional office in Palo Alto, California, it invests in Nordic tech startups and supports them through early development and international growth.

Caroline Jensen

CFO

Max Samuel JD

Partner

Kremena Tosheva

Principal

34 past transactions

IntuiCell

Seed Round in 2025
IntuiCell is a technology company focused on developing innovative brain intelligence solutions that leverage a unique recursive computing architecture. This architecture enables the company to tackle both tractable and intractable challenges using artificial intelligence. IntuiCell's technology can operate on existing hardware platforms or as standalone applications, requiring no external computational support. This adaptability allows various industries to enhance the functionality of consumer-level electronics, addressing a wide range of challenges and improving overall performance.

MusicInfra

Pre Seed Round in 2025
Helping creators and copyright owners getting paid faster and more accurately than ever

Nordic Air Defence

Seed Round in 2024
Nordic Air Defence specializes in manufacturing drone defence systems, focusing on a dual-use, battery-powered drone interceptor platform. This technology aims to safeguard both government and civilian infrastructure, promoting societal stability and security in an evolving world.

Economic Mind

Pre Seed Round in 2024
Economic Mind is a business analytics and market intelligence firm that offers a subscription-based platform providing comprehensive economic data and insights. It serves a diverse range of clients, including businesses, investors, and policymakers, empowering them to make informed decisions. The company's platform aggregates and analyzes data from over 100,000 markets, 10 million companies, 250 countries, and 1,000 industries, using advanced modeling techniques to deliver valuable insights. Economic Mind was founded by a team of former consultants and technologists, led by Gard Rystad, Aksel Reiten, Jens Martin Dahlum, and Nikolai Bratsberg, who bring expertise from leading firms like McKinsey & Company and BCG.

Ignite

Series A in 2023
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Churney

Seed Round in 2023
Churney develops an analytics platform that automates descriptive, predictive, and prescriptive lifecycle value (LTV) analysis. Utilizing automated machine learning and causal inference, the platform enables businesses to understand, forecast, and act on their LTV, thereby maximizing customer lifetime value and minimizing churn.

Presail

Seed Round in 2022
Presail is a management platform for community-driven funding in Web3 that facilitates investment management for companies and investors. It enables users to create deals, manage cap tables, and distribute assets from a single app, supporting streamlined fundraising and ownership administration in Web3 ecosystems.

Breyta

Seed Round in 2022
Breyta is a developer of customer relationship management software that focuses on enhancing personalized experiences across various customer touchpoints throughout their lifecycle. The company's platform unifies and activates data from multiple business systems, including product, customer relationship management, support, and billing tools, without the need for coding. By providing an integrated technology stack that incorporates third-party marketing, sales, and financial tools along with data analysis capabilities, Breyta enables businesses to streamline operations and improve revenue generation.

AWDIO

Pre Seed Round in 2022
AWDIO provides less screen more interactivity, interactive stories for Children's, support imagination, creativity, critical thinking and communication for children's, and adventure story services.

Ignite

Series A in 2022
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Stablegains

Seed Round in 2022
Stablegains is a financial technology company that provides an online platform designed to help individuals and businesses earn high interest on their cash through decentralized finance (DeFi) lending markets. By leveraging the advantages of DeFi, which operates continuously and eliminates the need for traditional financial institutions, Stablegains simplifies access to these digital lending opportunities. The company's platform serves as a user-friendly savings tool, enabling users to efficiently optimize their capital and generate passive income. Stablegains focuses on identifying and offering the safest earning methods within the DeFi space, making these financial opportunities more accessible to a broader audience.

Speechly

Seed Round in 2022
Speechly is a company that specializes in developing voice interfaces for professional tools and services through the application of deep learning and natural language processing technologies. Their automatic speech recognition software is designed to convert spoken words into actionable tasks, enhancing the functionality and user experience of various applications. By employing advanced techniques such as audio processing, speech recognition, and voice activity detection, Speechly enables developers to integrate efficient command recognition capabilities into their products, ultimately improving usability and accessibility.

TenNor Therapeutics

Series D in 2022
TenNor Therapeutics is a clinical-stage product development company dedicated to addressing unmet medical needs in the field of infectious diseases. The company utilizes a dual-acting drug discovery platform to advance a portfolio of innovative products currently in various stages of preclinical and clinical development. TenNor focuses on developing new treatments for complications arising from Helicobacter pylori infections, prosthetic joint infections, and multidrug-resistant Gram-negative infections, among other significant infectious diseases. Additionally, the company's multi-targeting approach aims to offer solutions for gastrointestinal tract infections, medical device infections, and bacterial dysbiosis, thereby providing new therapeutic options for conditions that lack effective treatments.

Sceneri

Seed Round in 2022
Sceneri offers a mobile-first platform for creating 3D games and simulations. Its user-friendly interface enables anyone, regardless of technical ability, to efficiently develop and publish games with full touch support, visual scripting, advanced scanning, AI integration, and VR capabilities.

Portalone

Series A in 2022
Founded in 2018, Portalone is a Norwegian games company specializing in 'hybrid games', which blend elements of traditional gaming and interactive TV shows. The company hosts daily tournaments across various genres, including exclusive Atari titles like Pong and Breakout, with players competing for real prizes. Portalone's unique feature, the Arcade Show, invites celebrities to participate as characters within the game worlds. With a vision to become the global destination for hybrid games, Portalone aims to expand its platform to host hundreds of games across all genres and multiple show formats.

Sky Mavis

Series B in 2021
Sky Mavis is a technology company that develops decentralized applications and services. It specializes in information technology, blockchain, video games, and related fields.

Mentorcam

Seed Round in 2021
Mentorcam is a platform that connects individuals with mentors and experts for one-on-one guidance and advice. Through a video messaging app, users can obtain personal messages from renowned experts and public figures, or engage in consultations to discuss fundraising, user acquisition, sales strategies, and other business challenges. Founded in 2019 and based in San Francisco, Mentorcam aims to help small business owners and professionals access expert advice to accelerate growth.

Be Your Best

Seed Round in 2021
Be Your Best provides science-based cognitive assessment and training to enhance football players’ performance. It develops a game-based virtual reality platform with tailored scenarios that measure perception, decision-making, and cognitive capacity, using football-specific data from actual games to help athletes improve both physical and mental performance.

Memory

Venture Round in 2021
Memory AS, a Norwegian startup based in Oslo, specializes in developing innovative tools aimed at enhancing productivity in the workplace. Established in 2013, the company is known for its flagship product, Timely, which is recognized as the world's first AI-powered time tracking and planning tool. In addition to Timely, Memory has launched Dewo, a personal assistant designed to facilitate deep work. By leveraging artificial general intelligence, Memory AS focuses on creating solutions that promote a better work-life integration and improve overall efficiency.

Portalone

Seed Round in 2021
Founded in 2018, Portalone is a Norwegian games company specializing in 'hybrid games', which blend elements of traditional gaming and interactive TV shows. The company hosts daily tournaments across various genres, including exclusive Atari titles like Pong and Breakout, with players competing for real prizes. Portalone's unique feature, the Arcade Show, invites celebrities to participate as characters within the game worlds. With a vision to become the global destination for hybrid games, Portalone aims to expand its platform to host hundreds of games across all genres and multiple show formats.

Ignite

Series A in 2021
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Kitemaker

Seed Round in 2021
Kitemaker is a developer of an enterprise task management and collaboration platform tailored for designers, product managers, and engineers. The platform facilitates product management by offering tools that allow users to create and share roadmaps, documents, and tasks in a centralized location. Kitemaker's solution is designed to enhance user interaction by responding instantaneously to every action and operates efficiently offline. The platform includes a native desktop application and features a built-in command line, enabling users to manage their workflows without needing to remove their hands from the keyboard. This comprehensive approach helps clients stay organized and informed about their product development processes.

Speechly

Venture Round in 2021
Speechly is a company that specializes in developing voice interfaces for professional tools and services through the application of deep learning and natural language processing technologies. Their automatic speech recognition software is designed to convert spoken words into actionable tasks, enhancing the functionality and user experience of various applications. By employing advanced techniques such as audio processing, speech recognition, and voice activity detection, Speechly enables developers to integrate efficient command recognition capabilities into their products, ultimately improving usability and accessibility.

Confrere

Seed Round in 2020
Confrere AS is a video conferencing platform based in Oslo, Norway, founded in 2017. The company specializes in providing a video calling tool tailored for professionals, including healthcare providers, educators, financial institutions, and personal trainers, who require efficient online consultations with their clients. Designed to facilitate seamless communication, Confrere's platform allows users to conduct video meetings directly in their web browsers without the need for signups, downloads, or passwords. Additionally, the platform enables professionals to offer and sell their services directly through the software, ensuring secure and convenient interactions with clients. The innovative solution aims to create virtual environments, such as virtual clinics, that support various professional needs.

Ignite

Seed Round in 2019
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Inzpire.me

Venture Round in 2019
Inzpire.me connects brands with social media influencers worldwide through its data-driven platform. It facilitates genuine collaborations and user-generated content marketing, helping brands bypass ad blockers and engage audiences more effectively.

Portalone

Seed Round in 2019
Founded in 2018, Portalone is a Norwegian games company specializing in 'hybrid games', which blend elements of traditional gaming and interactive TV shows. The company hosts daily tournaments across various genres, including exclusive Atari titles like Pong and Breakout, with players competing for real prizes. Portalone's unique feature, the Arcade Show, invites celebrities to participate as characters within the game worlds. With a vision to become the global destination for hybrid games, Portalone aims to expand its platform to host hundreds of games across all genres and multiple show formats.

Be Your Best

Venture Round in 2019
Be Your Best provides science-based cognitive assessment and training to enhance football players’ performance. It develops a game-based virtual reality platform with tailored scenarios that measure perception, decision-making, and cognitive capacity, using football-specific data from actual games to help athletes improve both physical and mental performance.

Memory

Venture Round in 2018
Memory AS, a Norwegian startup based in Oslo, specializes in developing innovative tools aimed at enhancing productivity in the workplace. Established in 2013, the company is known for its flagship product, Timely, which is recognized as the world's first AI-powered time tracking and planning tool. In addition to Timely, Memory has launched Dewo, a personal assistant designed to facilitate deep work. By leveraging artificial general intelligence, Memory AS focuses on creating solutions that promote a better work-life integration and improve overall efficiency.

Inzpire.me

Seed Round in 2017
Inzpire.me connects brands with social media influencers worldwide through its data-driven platform. It facilitates genuine collaborations and user-generated content marketing, helping brands bypass ad blockers and engage audiences more effectively.

Tribe Insurance

Seed Round in 2016
Tribe is insurance based on social mechanisms. Insurance customers know far more about good and bad risks in their social network than the traditional insurance companies do. Through using social networks Tribe will be able to dramatically reduce risk cost and distribution cost. The Tribe team consists of experts on marketing, communication and online conversions. It consists of people from the two most respected online companies in Norway in addition to insurance industry expertise. Beta launch at [Tribe](http://mytribe.no)

Memory

Venture Round in 2016
Memory AS, a Norwegian startup based in Oslo, specializes in developing innovative tools aimed at enhancing productivity in the workplace. Established in 2013, the company is known for its flagship product, Timely, which is recognized as the world's first AI-powered time tracking and planning tool. In addition to Timely, Memory has launched Dewo, a personal assistant designed to facilitate deep work. By leveraging artificial general intelligence, Memory AS focuses on creating solutions that promote a better work-life integration and improve overall efficiency.

Timely

Seed Round in 2016
Timely is an AI-powered time tracking and planning tool developed by Memory. It focuses on a high-level view of the work week and allows users to estimate how long upcoming tasks will take, guiding decisions on workload and meetings. The software supports automatic time tracking, project time management, and team time management, recording work, organizing it, and suggesting time entries. By automatically capturing activity and grouping entries, Timely helps clients track their work efficiently and improve productivity and planning accuracy.
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