Alliance Venture

Alliance Venture is a venture capital and private equity firm founded in 2001, with headquarters in Oslo, Norway, and additional offices in Palo Alto, California, and Stockholm, Sweden. The firm specializes in seed, startup, and early-stage investments, primarily targeting privately held technology companies that operate at the intersection of information communication technology, micro-technology, material technology, and biotechnology. It also focuses on media, telecommunications, and information technology within the oil and energy sectors. Alliance Venture invests in regions including Scandinavia, the United States, Latin America, and parts of Asia and Africa, typically committing between $0.2 million and $1.7 million to its portfolio companies. The firm aims for a lead role and board seat in Norwegian investments, while co-investing in other regions without insisting on board representation. With total funds under management of approximately $100 million, Alliance Venture seeks to exit its investments through initial public offerings or trade sales.

Edvin Austboe

Partner

Bjorn Christensen

Co-Founder and Partner

Anders Hallin

Partner

Arne Tonning

Partner

Henrik Torstensson

Partner

Per Thrane Ph.D

Partner

Past deals in Norway

Globus

Seed Round in 2022
Globus.ai is a privately held company focused on artificial intelligence and machine learning, including reinforcement learning. It offers an AI-powered SaaS platform that streamlines and automates the staffing process for recruiters and candidates. The platform facilitates data extraction from various on-premise sources and integrates this data with cloud infrastructure to enhance decision-making. By predicting future trends through advanced machine learning and simulation, Globus.ai helps businesses accelerate innovation, simplify sustainable decision-making, and reduce the costs associated with data science implementation. Additionally, it engages existing candidates, collects job requests, places candidates, and provides actionable business insights, enabling clients to leverage their talent effectively.

Aquabyte

Venture Round in 2022
Aquabyte, Inc. specializes in developing advanced monitoring systems for the aquaculture industry, focusing on enhancing fish farming efficiency through machine learning and computer vision technologies. Founded in 2017 and headquartered in San Francisco with an additional office in Bergen, Norway, Aquabyte's innovative solutions include a smart camera system that facilitates real-time sea lice counting, biomass estimation, appetite detection, and feed optimization. By providing a comprehensive web dashboard for continuous monitoring, Aquabyte enables fish farms to reduce operational costs and minimize environmental impacts, ultimately contributing to a more sustainable and profitable aquaculture sector. The company's commitment to leveraging technology aims to address challenges in food production, making a significant impact on the industry's growth and efficiency.

Equality Check

Seed Round in 2021
Equality Check is a community-based platform based in Ireland that focuses on employee reviews related to workplace equality. It enables users to anonymously share their experiences regarding equality and opportunity at their current or former employers. The platform not only allows individuals to leave reviews but also facilitates research on various companies, helping users make informed decisions about their employment. Additionally, Equality Check offers a B2B solution that assists organizations in identifying gender imbalances and provides data-driven recommendations for improvement. By fostering transparency and accountability, Equality Check aims to promote equal and inclusive workplaces through collective action and insightful reporting.

Sanity

Series B in 2021
Sanity AS is a software company that provides a collaboration solution for software developers, centered around its content platform, Sanity. Founded in 2017 and headquartered in Oslo, Norway, with additional offices in San Francisco, Sanity enables teams to build a hosted content infrastructure using APIs and technologies such as GraphQL and JavaScript. The platform facilitates real-time collaboration, allowing multiple users to edit simultaneously while tracking changes. Sanity is designed to serve a variety of applications, including e-commerce sites, mobile applications, and marketing platforms, and supports workflows such as collaborative editing, localization, and multichannel distribution. By offering structured content delivery and customizable interfaces, Sanity empowers content creators, designers, and developers to work together efficiently throughout the content creation process.

Enode

Seed Round in 2021
Enode is a Norwegian company founded in 2020 that specializes in developing APIs to connect various energy hardware, including electric vehicles, solar panels, home batteries, and heating systems, to consumer applications. Its SaaS-based platform allows these devices to be integrated into a unified application, optimizing energy consumption and enabling participation in flexible energy markets. This connectivity supports clients in their efforts to facilitate a zero-carbon energy grid, promoting sustainable energy practices through enhanced digital infrastructure. The company was established by Henrik Langeland, Nikolai Heum, and Thorvald Thorsnes and is headquartered in Oslo, Norway.

Boost AI

Funding Round in 2021
Boost AI AS, founded in 2016 and located in Sandnes, Norway, specializes in creating advanced chatbots and virtual assistants for various industries, including banking, finance, retail, transportation, government, and insurance. The company's platform, known as James, utilizes natural language processing and machine learning to deliver automated customer consulting services. By offering a range of modules tailored to specific sectors, Boost AI aims to enhance customer service, support, and sales through engaging and efficient interactions. With a dedicated team of 40 professionals, the company is committed to expanding its solutions across all industries, facilitating improved communication and operational efficiency for its clients.

ShiftX

Seed Round in 2020
Developer of a collaborative tool designed to improve the as-is processes and map the to-be processes at the workplace. The company's platform identifies who is supposed to do what when, and understands how workflows are connected throughout the workplace, highlights pain and problems by assigning issues and time tracking, enabling employees to visualize, understand, and improve how a business operates.

Sanity

Series A in 2020
Sanity AS is a software company that provides a collaboration solution for software developers, centered around its content platform, Sanity. Founded in 2017 and headquartered in Oslo, Norway, with additional offices in San Francisco, Sanity enables teams to build a hosted content infrastructure using APIs and technologies such as GraphQL and JavaScript. The platform facilitates real-time collaboration, allowing multiple users to edit simultaneously while tracking changes. Sanity is designed to serve a variety of applications, including e-commerce sites, mobile applications, and marketing platforms, and supports workflows such as collaborative editing, localization, and multichannel distribution. By offering structured content delivery and customizable interfaces, Sanity empowers content creators, designers, and developers to work together efficiently throughout the content creation process.

Aprila Bank

Series B in 2020
Aprila Bank ASA is a commercial banking institution based in Oslo, Norway, specializing in providing financial services to small and medium-sized enterprises (SMEs). Founded in 2018, the bank focuses on developing digital and automated financing solutions tailored for SMEs. Its offerings include Aprila Invoice Sales, which allows businesses to sell invoices directly through integration with cloud-based accounting systems. The bank employs advanced machine learning models to assess credit risk and predict outcomes, utilizing real-time data alongside traditional credit information to facilitate seamless access to credit for its customers. Aprila Bank's technology platform connects with approximately 130,000 SMEs through partnerships with leading ERP and accounting providers, enhancing its ability to deliver innovative financial solutions.

Shoreline

Series A in 2020
Shoreline AS is a data analytics and simulation software development and consulting company focused on the offshore wind industry. Founded in 2014 and based in Stavanger, Norway, the company offers innovative solutions that facilitate the planning, optimization, and analysis of energy production facilities. Its products, including MAINTSYS and SIMSTALL, provide subscription-based services geared towards the operational and maintenance aspects of offshore wind farms, covering logistics, installation, commissioning, and testing. Additionally, Shoreline AS delivers consultancy services throughout the entire life cycle of offshore wind projects, assisting developers, energy companies, and other stakeholders from initial assessments to decommissioning. With a strong emphasis on proprietary simulation and optimization algorithms, Shoreline aims to enhance efficiency and reduce risks and costs associated with renewable energy projects.

Sanity

Seed Round in 2019
Sanity AS is a software company that provides a collaboration solution for software developers, centered around its content platform, Sanity. Founded in 2017 and headquartered in Oslo, Norway, with additional offices in San Francisco, Sanity enables teams to build a hosted content infrastructure using APIs and technologies such as GraphQL and JavaScript. The platform facilitates real-time collaboration, allowing multiple users to edit simultaneously while tracking changes. Sanity is designed to serve a variety of applications, including e-commerce sites, mobile applications, and marketing platforms, and supports workflows such as collaborative editing, localization, and multichannel distribution. By offering structured content delivery and customizable interfaces, Sanity empowers content creators, designers, and developers to work together efficiently throughout the content creation process.

Aquabyte

Series A in 2019
Aquabyte, Inc. specializes in developing advanced monitoring systems for the aquaculture industry, focusing on enhancing fish farming efficiency through machine learning and computer vision technologies. Founded in 2017 and headquartered in San Francisco with an additional office in Bergen, Norway, Aquabyte's innovative solutions include a smart camera system that facilitates real-time sea lice counting, biomass estimation, appetite detection, and feed optimization. By providing a comprehensive web dashboard for continuous monitoring, Aquabyte enables fish farms to reduce operational costs and minimize environmental impacts, ultimately contributing to a more sustainable and profitable aquaculture sector. The company's commitment to leveraging technology aims to address challenges in food production, making a significant impact on the industry's growth and efficiency.

Grunt

Venture Round in 2019
Grunt is a software developer that specializes in enhancing PowerPoint presentations through a dedicated add-in. This application provides users with new functionalities aimed at improving the creation of business presentations by offering easy-to-use charts and tables. Grunt's solution focuses on resolving issues related to data consistency and integration, allowing business professionals to dedicate their time to more impactful work while efficiently creating visually appealing presentations.

Novelda

Funding Round in 2018
Novelda AS is a semiconductor company based in Kviteseid, Norway, that specializes in ultra wideband (UWB) technology. Established in 2004, the company develops components and application-specific integrated circuits for high-resolution impulse radar and short-range communications. Novelda's product offerings include the Novelda R1, a hand-held UWB radar evaluation system that analyzes reflections from electromagnetic pulses to provide three-dimensional information about surrounding objects, including their distance and velocity. Additionally, the company provides CMOS impulse radar transceiver development kits and antennas, catering to various applications such as low-power wireless communication, radio frequency identification, and radar systems. Novelda's technology is particularly noted for its use in medical and industrial high-precision sensors, as well as wireless healthcare applications, and is recognized for its effectiveness in Human Presence Detection, enhancing user experience and security in consumer electronics while promoting energy efficiency in building automation.

Boost AI

Series A in 2018
Boost AI AS, founded in 2016 and located in Sandnes, Norway, specializes in creating advanced chatbots and virtual assistants for various industries, including banking, finance, retail, transportation, government, and insurance. The company's platform, known as James, utilizes natural language processing and machine learning to deliver automated customer consulting services. By offering a range of modules tailored to specific sectors, Boost AI aims to enhance customer service, support, and sales through engaging and efficient interactions. With a dedicated team of 40 professionals, the company is committed to expanding its solutions across all industries, facilitating improved communication and operational efficiency for its clients.

Boost AI

Series A in 2018
Boost AI AS, founded in 2016 and located in Sandnes, Norway, specializes in creating advanced chatbots and virtual assistants for various industries, including banking, finance, retail, transportation, government, and insurance. The company's platform, known as James, utilizes natural language processing and machine learning to deliver automated customer consulting services. By offering a range of modules tailored to specific sectors, Boost AI aims to enhance customer service, support, and sales through engaging and efficient interactions. With a dedicated team of 40 professionals, the company is committed to expanding its solutions across all industries, facilitating improved communication and operational efficiency for its clients.

Aquabyte

Seed Round in 2018
Aquabyte, Inc. specializes in developing advanced monitoring systems for the aquaculture industry, focusing on enhancing fish farming efficiency through machine learning and computer vision technologies. Founded in 2017 and headquartered in San Francisco with an additional office in Bergen, Norway, Aquabyte's innovative solutions include a smart camera system that facilitates real-time sea lice counting, biomass estimation, appetite detection, and feed optimization. By providing a comprehensive web dashboard for continuous monitoring, Aquabyte enables fish farms to reduce operational costs and minimize environmental impacts, ultimately contributing to a more sustainable and profitable aquaculture sector. The company's commitment to leveraging technology aims to address challenges in food production, making a significant impact on the industry's growth and efficiency.

Swarm64

Series B in 2018
Swarm64 is a Norwegian company founded in 2013, specializing in accelerators for relational databases to facilitate real-time analytics on high-velocity data. The company operates in Berlin, Germany, and is supported by prominent venture investors from Norway and Germany. Swarm64's technology leverages micro-server architecture and FPGA acceleration to enhance database performance, allowing for the execution of Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously. This approach simplifies the complexities associated with Extract, Transform, Load (ETL) processes, enabling organizations to derive value from big data while maintaining transaction safety. By utilizing SQL for big data analysis, Swarm64 empowers businesses to achieve in-memory database performance at a competitive cost.

Aprila Bank

Venture Round in 2017
Aprila Bank ASA is a commercial banking institution based in Oslo, Norway, specializing in providing financial services to small and medium-sized enterprises (SMEs). Founded in 2018, the bank focuses on developing digital and automated financing solutions tailored for SMEs. Its offerings include Aprila Invoice Sales, which allows businesses to sell invoices directly through integration with cloud-based accounting systems. The bank employs advanced machine learning models to assess credit risk and predict outcomes, utilizing real-time data alongside traditional credit information to facilitate seamless access to credit for its customers. Aprila Bank's technology platform connects with approximately 130,000 SMEs through partnerships with leading ERP and accounting providers, enhancing its ability to deliver innovative financial solutions.

Northern.tech

Series A in 2017
Northern.tech AS, based in Oslo, Norway, develops security software for connected devices, catering to industries such as banking, automotive, telecommunications, and oil and gas. The company offers a suite of products designed to enhance security and operational efficiency. Mender is an open-source solution for secure over-the-air software updates for embedded and IoT devices, ensuring robustness and recovery even during potential disruptions. CFEngine, another key offering, is a configuration management and automation framework that enables system administrators in large IT organizations to maintain compliance and agility through infrastructure-as-code. This solution manages the desired and actual states of IT infrastructure, making it suitable for regulated industries. The company's products are designed to be user-friendly and complementary, allowing both small businesses and large enterprises to select solutions tailored to their specific needs. Northern.tech was incorporated in 2008 and also has an office in Palo Alto, California.

Shoreline

Seed Round in 2017
Shoreline AS is a data analytics and simulation software development and consulting company focused on the offshore wind industry. Founded in 2014 and based in Stavanger, Norway, the company offers innovative solutions that facilitate the planning, optimization, and analysis of energy production facilities. Its products, including MAINTSYS and SIMSTALL, provide subscription-based services geared towards the operational and maintenance aspects of offshore wind farms, covering logistics, installation, commissioning, and testing. Additionally, Shoreline AS delivers consultancy services throughout the entire life cycle of offshore wind projects, assisting developers, energy companies, and other stakeholders from initial assessments to decommissioning. With a strong emphasis on proprietary simulation and optimization algorithms, Shoreline aims to enhance efficiency and reduce risks and costs associated with renewable energy projects.

Scrimba

Seed Round in 2017
Scrimba AS is an educational technology company based in Oslo, Norway, that operates an innovative online platform for teaching coding. Established in 2016, Scrimba has developed a unique video format that allows for interactive coding screencasts, facilitating a more engaging learning experience for students. With over 120,000 monthly active users, the platform enables students to actively participate in their learning process, while also simplifying content creation for educators. By focusing on interactivity, Scrimba aims to enhance the way programming skills are taught and learned, making it accessible and effective for users at various skill levels.

MemoScale

Venture Round in 2017
MemoScale AS is a Norwegian company specializing in erasure coding and data protection solutions for data storage systems. Founded in 2015 and headquartered in Trondheim, MemoScale develops a range of software tools, including an Erasure Coding C-library, which allows users to encode and decode data, recover drives and nodes with reduced traffic, and detect and correct errors. The company also offers various plugins for popular storage systems such as CEPH, SWIFT, and HDFS, which enhance data protection and encoding capabilities. MemoScale's solutions aim to improve data scrubbing operations and provide end-to-end checksum protection while requiring minimal hardware resources, ultimately optimizing storage capacity utilization.

Xeneta

Series B in 2017
Xeneta AS is a company based in Oslo, Norway, that specializes in providing web-based solutions for the global shipping industry, specifically focusing on containerized ocean freight. Founded in 2012, Xeneta offers a platform that delivers real-time and on-demand access to a comprehensive database of contracted ocean freight rates, including over 45 million spot and long-term rates across more than 160,000 trade lanes. Its products, such as Xeneta Insights and Xeneta Intelligence, cater to both small and medium-sized enterprises as well as large volume shipping companies. By offering benchmarking tools and intelligent pricing data, Xeneta enables shippers and freight forwarders to make informed decisions, optimize their supply chains, and remain competitive in the dynamic shipping market.

Fuse

Series A in 2017
Fuse specializes in mobile app development, full stack development, and advisory services, providing a comprehensive suite of tools aimed at enhancing user experience for designers and developers. Founded by veterans in mobile graphics, the company focuses on bridging the gap between prototyping and actual development, thus facilitating the creation of digital products. Its platform enables clients to build applications that operate seamlessly from backend to frontend, ensuring end-to-end type safety. By combining technical expertise with innovative solutions, Fuse aims to improve the overall process of app and user experience creation.

Eventum

Seed Round in 2016
Eventum Norge AS is a company based in Oslo, Norway, that operates an online marketplace for booking conference and event facilities. Founded in 2013, Eventum simplifies the process for organizers seeking venues for various events, including corporate gatherings and private celebrations. Through its platform, eventum.no, the company provides an efficient online booking system that allows users to find and secure spaces for parties, conferences, meetings, and other occasions. This service aims to enhance the event planning experience by making it easier to locate and book suitable venues.

Arundo

Venture Round in 2016
Arundo Analytics, Inc. develops analytics products that analyze data from the client’s assets and predicts the likely failures to enhance their operations. The company’s analytics solutions allow clients to make operational and maintenance decisions. It primarily services asset intensive industries with big data and machine learning products in the United States. The company was incorporated in 2015 and is based in Houston, Texas with additional offices in Palo Alto, California; Oslo, Norway; Stockholm, Sweden; and London, United Kingdom.

Swarm64

Series A in 2015
Swarm64 is a Norwegian company founded in 2013, specializing in accelerators for relational databases to facilitate real-time analytics on high-velocity data. The company operates in Berlin, Germany, and is supported by prominent venture investors from Norway and Germany. Swarm64's technology leverages micro-server architecture and FPGA acceleration to enhance database performance, allowing for the execution of Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously. This approach simplifies the complexities associated with Extract, Transform, Load (ETL) processes, enabling organizations to derive value from big data while maintaining transaction safety. By utilizing SQL for big data analysis, Swarm64 empowers businesses to achieve in-memory database performance at a competitive cost.

Arundo

Seed Round in 2015
Arundo Analytics, Inc. develops analytics products that analyze data from the client’s assets and predicts the likely failures to enhance their operations. The company’s analytics solutions allow clients to make operational and maintenance decisions. It primarily services asset intensive industries with big data and machine learning products in the United States. The company was incorporated in 2015 and is based in Houston, Texas with additional offices in Palo Alto, California; Oslo, Norway; Stockholm, Sweden; and London, United Kingdom.

poLight

Venture Round in 2015
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

Xeneta

Series A in 2015
Xeneta AS is a company based in Oslo, Norway, that specializes in providing web-based solutions for the global shipping industry, specifically focusing on containerized ocean freight. Founded in 2012, Xeneta offers a platform that delivers real-time and on-demand access to a comprehensive database of contracted ocean freight rates, including over 45 million spot and long-term rates across more than 160,000 trade lanes. Its products, such as Xeneta Insights and Xeneta Intelligence, cater to both small and medium-sized enterprises as well as large volume shipping companies. By offering benchmarking tools and intelligent pricing data, Xeneta enables shippers and freight forwarders to make informed decisions, optimize their supply chains, and remain competitive in the dynamic shipping market.

Fuse

Seed Round in 2015
Fuse specializes in mobile app development, full stack development, and advisory services, providing a comprehensive suite of tools aimed at enhancing user experience for designers and developers. Founded by veterans in mobile graphics, the company focuses on bridging the gap between prototyping and actual development, thus facilitating the creation of digital products. Its platform enables clients to build applications that operate seamlessly from backend to frontend, ensuring end-to-end type safety. By combining technical expertise with innovative solutions, Fuse aims to improve the overall process of app and user experience creation.

Novelda

Funding Round in 2014
Novelda AS is a semiconductor company based in Kviteseid, Norway, that specializes in ultra wideband (UWB) technology. Established in 2004, the company develops components and application-specific integrated circuits for high-resolution impulse radar and short-range communications. Novelda's product offerings include the Novelda R1, a hand-held UWB radar evaluation system that analyzes reflections from electromagnetic pulses to provide three-dimensional information about surrounding objects, including their distance and velocity. Additionally, the company provides CMOS impulse radar transceiver development kits and antennas, catering to various applications such as low-power wireless communication, radio frequency identification, and radar systems. Novelda's technology is particularly noted for its use in medical and industrial high-precision sensors, as well as wireless healthcare applications, and is recognized for its effectiveness in Human Presence Detection, enhancing user experience and security in consumer electronics while promoting energy efficiency in building automation.

Fuse

Seed Round in 2014
Fuse specializes in mobile app development, full stack development, and advisory services, providing a comprehensive suite of tools aimed at enhancing user experience for designers and developers. Founded by veterans in mobile graphics, the company focuses on bridging the gap between prototyping and actual development, thus facilitating the creation of digital products. Its platform enables clients to build applications that operate seamlessly from backend to frontend, ensuring end-to-end type safety. By combining technical expertise with innovative solutions, Fuse aims to improve the overall process of app and user experience creation.

poLight

Series B in 2011
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.

MemfoACT

Venture Round in 2010
MemfoACT AS, founded in 2008 and located in Trondheim, Norway, specializes in the production and supply of carbon membrane solutions for gas separation and biogas upgrading. The company emerged from a joint venture involving NTNU Technology Transfer and several entrepreneurs, including professor May-Britt Hägg and PhDs Jon Arvid Lie and Arne Lindbråthen. MemfoACT's proprietary technology focuses on gas purification, particularly for converting biogas into fuel-quality gas using a novel carbon molecular sieve membrane. This advanced membrane technology offers a significant advantage over traditional polymer membranes, allowing for efficient separation and acceptable recovery in a single-stage process.

Ping Communication

Venture Round in 2010
Ping Communication AS develops Internet products. It offers analog telephone adapters and integrated access devices that support video, data, telephony, and wireless, including a firewall, as well as ethernet, cable, and ADSL. The company was founded in 2007 and is based in Oslo, Norway.

Encap AS

Seed Round in 2010
Encap AS is a technology company based in Fornebu, Norway, specializing in online user security solutions. Founded in 2008, the company offers software products designed for mobile applications, focusing on two-factor authentication and legally binding digital signatures. Encap AS serves a variety of sectors, including banking institutions, telecom companies, and financial services, providing secure and convenient authentication methods that enhance user experience while ensuring robust security. The company's solutions are tailored to meet the specific needs of its clients, addressing both security and service configurability.

poLight

Venture Round in 2009
poLight ASA, headquartered in Horten, Norway, specializes in developing advanced photographic lenses for consumer devices and industrial applications. The company focuses on micro-optics autofocus components, particularly for mobile phone cameras, wearables such as smart glasses and watches, and various industrial uses including medical and retail sectors. Its flagship product, the Tunable Optical Lens (TLens), mimics the human eye and allows for efficient autofocus capabilities. The technology is based on proprietary methods that utilize deformable polymers, offering compact size, low production costs, and high optical quality. In addition to TLens, poLight provides ASIC drivers that manage voltage supply to these lenses, enabling precise focus adjustments. The company operates across Europe, Asia, and the United States and was founded in 2005.
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