SNÖ Ventures

SNÖ Ventures is a venture capital firm based in Oslo, Norway, with an additional office in Palo Alto, California. Founded in 2015 by Magne Uppman and Teodor Bjerrang, the firm specializes in seed stage investments and focuses on empowering visionary entrepreneurs in the Nordic technology sector. SNÖ Ventures targets early-stage, transformative tech companies and provides support throughout their global growth journeys. With a team of experienced builders and entrepreneurs, the firm leverages its unique digital expertise to enhance the success of the startups it invests in.

Max Samuel

Partner

Kremena Tosheva

Investment Associate

Magne Uppman

Founding Partner

21 past transactions

Presail

Seed Round in 2022
Presail is a Management platform for community-driven funding. Presail makes it easy for companies and investors to manage investments in web 3.0. Create deals, manage cap-tables & distribute assets - all in one app

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 makes it simple and safe for people and businesses to earn high interest on their cash by using DeFi. Compared to traditional financial markets, DeFi (Decentralized Finance) runs 24/7 and doesn’t need a complex web of expensive institutions in the backend to run. Stablegains finds the safest ways of earning that are specific to DeFi and makes them accessible to consumers.

Portalone

Series A in 2022
PortalOne is a hybrid games company that specializes in creating live game experiences characterized by stunning visuals and advanced interactivity. Founded in 2018, it operates from locations in Palo Alto, California, and Oslo, Norway. The company focuses on developing game engine technology for mixed reality content, aiming to enhance the gaming entertainment experience through innovative design and engaging gameplay.

Sky Mavis

Series B in 2021
Sky Mavis is a technology company that specializes in developing decentralized applications and services, primarily focusing on the gaming sector. As a blockchain studio, it creates virtual worlds that feature player-owned economies, allowing gamers to engage in trading digital assets. Through its innovative approach, Sky Mavis empowers players by providing them with economic freedom, enabling the buying and selling of collectibles within these digital environments. The company's commitment to building practical applications and interactive experiences positions it as a significant player in the intersection of gaming and blockchain technology.

Be Your Best

Seed Round in 2021
BE YOUR BEST GLOBAL AS develops football game software. The company was incorporated in 2015 and is based in Oslo, Norway.

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
PortalOne is a hybrid games company that specializes in creating live game experiences characterized by stunning visuals and advanced interactivity. Founded in 2018, it operates from locations in Palo Alto, California, and Oslo, Norway. The company focuses on developing game engine technology for mixed reality content, aiming to enhance the gaming entertainment experience through innovative design and engaging gameplay.

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.

Speechly

Venture Round in 2021
Speechly create voice interfaces for professional tools and services using deep learning and natural language processing technologies.

Confrere

Seed Round in 2020
Confrere is a video meeting and conferencing platform for professionals. The video chat solution was developed specifically for doctors, tutors, banks, psychologists, recruiters, personal trainers, and their clients in mind. The video conferencing solution was developed by Svein Willassen, Dag-Inge Aas, and Ida Aalen with a concept of building virtual clinics for professions like doctors and bankers through video solutions, so they can meet their clients without actually meeting them.

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 is on a mission to humanize advertising through user-generated content marketing. With the rise of ad blockers, brands are looking for a better way to connect with their audience. Powered by data-driven tools, the platform matches brands with social media influencers to create genuine collaborations and inspiring stories worldwide.

Portalone

Seed Round in 2019
PortalOne is a hybrid games company that specializes in creating live game experiences characterized by stunning visuals and advanced interactivity. Founded in 2018, it operates from locations in Palo Alto, California, and Oslo, Norway. The company focuses on developing game engine technology for mixed reality content, aiming to enhance the gaming entertainment experience through innovative design and engaging gameplay.

Be Your Best

Venture Round in 2019
BE YOUR BEST GLOBAL AS develops football game software. The company was incorporated in 2015 and is based in Oslo, Norway.

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 is on a mission to humanize advertising through user-generated content marketing. With the rise of ad blockers, brands are looking for a better way to connect with their audience. Powered by data-driven tools, the platform matches brands with social media influencers to create genuine collaborations and inspiring stories worldwide.

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 AS is a software company based in Oslo, Norway, with an additional location in San Francisco. Founded in 2015, it specializes in an AI-powered automatic time tracking solution designed for freelancers and teams. Unlike traditional time tracking applications that require users to log hours after the fact, Timely takes a proactive approach by allowing users to estimate the duration of tasks before they begin work. This unique perspective helps individuals and teams manage their workload effectively by providing insights on upcoming projects and meetings. The solution is accessible across various devices, including Mac, iPhone, iPad, Apple Watch, and the Web.