Alliance VC

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.

Anders Hallin

Partner

Arne Tonning

Partner

Henrik Torstensson

Partner

Past deals in Norway

Tana

Series A in 2025
Tana is a software development company founded in 2020 and based in Oslo, Norway. The company has created an online work platform aimed at transforming the way individuals, teams, and computers collaborate. This innovative platform allows users to convert raw notes into actionable tasks, bugs, and follow-ups, streamlining information retrieval. By presenting data in a graphical format, Tana helps clients eliminate the need for traditional files and folders, enabling more efficient access to critical information for decision-making and follow-ups.

Aquabyte

Venture Round in 2022
Founded in 2017, Aquabyte specializes in developing smart camera systems and machine learning models for aquaculture. Its solutions include real-time sea lice counting, biomass monitoring, appetite detection, and feed optimization, aiming to enhance fish farm efficiency, sustainability, and profitability.

Sanity

Series B in 2021
Sanity develops a collaboration platform for software developers. Its core product is a content management system that enables real-time collaboration, live multi-user editing, and change tracking. Sanity's platform supports GraphQL and JavaScript APIs, allowing teams to build hosted content infrastructure for various applications such as e-commerce sites, mobile apps, and marketing platforms. Founded in Norway, the company operates offices in Oslo and San Francisco.

Boost AI

Funding Round in 2021
Boost.ai is a company that specializes in enterprise-grade conversational artificial intelligence. It has developed a highly scalable platform that enables organizations to automate customer service and internal support channels. With its proprietary self-learning AI and a no-code solution, Boost.ai's platform is designed for rapid deployment and ease of use, allowing businesses to enhance human efficiency and drive revenue. The platform is capable of handling unlimited intents while consistently achieving resolution rates above 90 percent. Virtual agents created using Boost.ai's technology are utilized by various companies, including Telenor and DNB, to automate thousands of interactions daily. Headquartered in Stavanger, Norway, Boost.ai also maintains offices in Los Angeles, Oslo, Stockholm, and Copenhagen.

Sanity

Series A in 2020
Sanity develops a collaboration platform for software developers. Its core product is a content management system that enables real-time collaboration, live multi-user editing, and change tracking. Sanity's platform supports GraphQL and JavaScript APIs, allowing teams to build hosted content infrastructure for various applications such as e-commerce sites, mobile apps, and marketing platforms. Founded in Norway, the company operates offices in Oslo and San Francisco.

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.

Superside

Seed Round in 2019
Superside is an on-demand freelancer agency that connects businesses with pre-qualified professionals for various tasks such as graphic design, web design, translation, transcription, data entry, consulting, content writing, and more. Founded in 2015, the company is headquartered in Palo Alto, California.

Sanity

Seed Round in 2019
Sanity develops a collaboration platform for software developers. Its core product is a content management system that enables real-time collaboration, live multi-user editing, and change tracking. Sanity's platform supports GraphQL and JavaScript APIs, allowing teams to build hosted content infrastructure for various applications such as e-commerce sites, mobile apps, and marketing platforms. Founded in Norway, the company operates offices in Oslo and San Francisco.

Aquabyte

Series A in 2019
Founded in 2017, Aquabyte specializes in developing smart camera systems and machine learning models for aquaculture. Its solutions include real-time sea lice counting, biomass monitoring, appetite detection, and feed optimization, aiming to enhance fish farm efficiency, sustainability, and profitability.

Novelda

Funding Round in 2018
Novelda is a Norwegian semiconductor company specializing in nanoscale wireless low-power ultra-wideband (UWB) technology for high-resolution impulse radar. Its sensors detect human presence and minute movements like breathing and heartbeat, serving indoor applications such as consumer electronics and smart buildings to enhance user experience, safety, and energy efficiency.

Boost AI

Series A in 2018
Boost.ai is a company that specializes in enterprise-grade conversational artificial intelligence. It has developed a highly scalable platform that enables organizations to automate customer service and internal support channels. With its proprietary self-learning AI and a no-code solution, Boost.ai's platform is designed for rapid deployment and ease of use, allowing businesses to enhance human efficiency and drive revenue. The platform is capable of handling unlimited intents while consistently achieving resolution rates above 90 percent. Virtual agents created using Boost.ai's technology are utilized by various companies, including Telenor and DNB, to automate thousands of interactions daily. Headquartered in Stavanger, Norway, Boost.ai also maintains offices in Los Angeles, Oslo, Stockholm, and Copenhagen.

Aquabyte

Seed Round in 2018
Founded in 2017, Aquabyte specializes in developing smart camera systems and machine learning models for aquaculture. Its solutions include real-time sea lice counting, biomass monitoring, appetite detection, and feed optimization, aiming to enhance fish farm efficiency, sustainability, and profitability.

Swarm64

Series B in 2018
Swarm64 is a Norwegian company founded in 2013 that specializes in providing accelerators for relational databases, enabling real-time analytics for high-velocity data. With a strong focus on FPGA acceleration and real-time database design, Swarm64 develops micro-server architecture technology that enhances cloud-based computing. The company's solutions utilize SQL for big data analysis on native data in real-time, supporting both Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously while ensuring improved transaction safety. By simplifying the complexities associated with Extract, Transform, Load (ETL) processes, Swarm64 empowers businesses to derive significant value from their big data and achieve in-memory database performance at competitive costs. The company operates from its headquarters in Norway and has a presence in Berlin, Germany.

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.

Xeneta

Series B in 2017
Xeneta, established in 2012 and headquartered in Oslo, Norway, specializes in providing real-time, on-demand container freight pricing transparency. Its platform offers access to over 45 million spot and long-term contracted rates across 160,000 global trade lanes, enabling shippers and freight forwarders to benchmark ocean container freight rates, stay informed about market price movements, and ensure competitive rates.

Arundo Analytics

Venture Round in 2016
Arundo Analytics, founded in 2015 with headquarters in Houston, Texas, develops analytics products that predict equipment failures and optimize operations for asset-intensive industries across the United States and Europe. The company's cloud-based software connects industrial data to advanced machine learning models, enabling clients to make informed operational decisions, increase revenue, reduce costs, and mitigate risks. Arundo operates offices in Oslo, Houston, Palo Alto, Stockholm, and London.

Swarm64

Series A in 2015
Swarm64 is a Norwegian company founded in 2013 that specializes in providing accelerators for relational databases, enabling real-time analytics for high-velocity data. With a strong focus on FPGA acceleration and real-time database design, Swarm64 develops micro-server architecture technology that enhances cloud-based computing. The company's solutions utilize SQL for big data analysis on native data in real-time, supporting both Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) workloads simultaneously while ensuring improved transaction safety. By simplifying the complexities associated with Extract, Transform, Load (ETL) processes, Swarm64 empowers businesses to derive significant value from their big data and achieve in-memory database performance at competitive costs. The company operates from its headquarters in Norway and has a presence in Berlin, Germany.

Arundo Analytics

Seed Round in 2015
Arundo Analytics, founded in 2015 with headquarters in Houston, Texas, develops analytics products that predict equipment failures and optimize operations for asset-intensive industries across the United States and Europe. The company's cloud-based software connects industrial data to advanced machine learning models, enabling clients to make informed operational decisions, increase revenue, reduce costs, and mitigate risks. Arundo operates offices in Oslo, Houston, Palo Alto, Stockholm, and London.

Oda

Seed Round in 2015
Oda, formerly known as Kolonial.no AS, is a prominent online grocery retailer based in Oslo, Norway. Founded in 2013, the company specializes in providing a wide array of grocery items, including fresh produce, dairy products, meats, seafood, baked goods, household essentials, and personal care items. Oda employs a data-driven approach to enhance efficiency and sustainability throughout its supply chain, aiming to deliver high-quality products directly to customers' doorsteps or designated collection points. The platform caters to millions of consumers, ensuring convenient access to everyday staples and ready-made meals while emphasizing a commitment to sustainable retail practices.

poLight

Venture Round in 2015
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

Xeneta

Series A in 2015
Xeneta, established in 2012 and headquartered in Oslo, Norway, specializes in providing real-time, on-demand container freight pricing transparency. Its platform offers access to over 45 million spot and long-term contracted rates across 160,000 global trade lanes, enabling shippers and freight forwarders to benchmark ocean container freight rates, stay informed about market price movements, and ensure competitive rates.

Novelda

Funding Round in 2014
Novelda is a Norwegian semiconductor company specializing in nanoscale wireless low-power ultra-wideband (UWB) technology for high-resolution impulse radar. Its sensors detect human presence and minute movements like breathing and heartbeat, serving indoor applications such as consumer electronics and smart buildings to enhance user experience, safety, and energy efficiency.

poLight

Series B in 2011
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.

Ping Communications

Venture Round in 2010
Ping Communications AS, founded in 2007 and based in Oslo, Norway, specializes in the development of Internet products and telecommunications equipment. The company offers a range of devices including analog telephone adapters, broadband gateways, VoIP adapters, and integrated access devices that support video, data, telephony, and wireless communication. Their products feature advanced capabilities such as firewalls and combine the functions of broadband modems and wireless routers. Additionally, Ping Communications provides fiber equipment and remote monitoring and management systems, positioning itself as a comprehensive provider in the telecommunications sector.

poLight

Venture Round in 2009
poLight specializes in developing micro optics components for various applications such as smartphones, wearables, and industrial sectors like medical imaging and retail. The company's proprietary technology enables wafer-scale manufacturability of compact, low-cost, high-quality active optical components using deformable polymers.
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