Alliance VC is a Nordic venture capital firm based in Oslo, Norway, investing in exceptional early-stage technology companies founded by Nordic entrepreneurs with global ambitions. Its latest fund, Alliance Nordic III, targets €100M and focuses on AI-driven startups across the Nordic region.
Deal activity decreased year-over-year (2 deals in the last 12 months vs 3 prior). Their most common stage is seed (50% of deals). Average disclosed round size is $7.4M (across 5 rounds with reported amounts).
Portfolio
13
Fund Size
$108M
Top Stage
Seed
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
14 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Fika Jobs | Pre-Seed | $4M | Jun 2026 |
| Fika Jobs | Pre-Seed | $4M | Jan 2026 |
 Aquabyte | Unknown | — | Dec 2025 |
 Tana | Series A | $14M | Feb 2025 |
 Deckmatch | Seed | — | Nov 2024 |
 Versiro | Seed | — | Jul 2024 |
 Lightbringer | Series A | $10M | Jan 2024 |
 Mjuk | Seed | — | Sep 2023 |
 Two | Series A | — | Mar 2023 |
 Globus.ai | Seed | $4.8M | May 2022 |
 Equality Check | Seed | — | — |
 Endform | Seed | — | — |
 Newcode.ai | Series A | — | — |
 Steep | Seed | — | — |
Top Co-Investors
Antler3 shared
Luminar Ventures3 shared
Alliance Ventures2 shared
Alumni Ventures1 shared
Day One Ventures1 shared
Visionaries1 shared
Shine Capital1 shared
Phoenix Court Group1 shared
Sequoia Capital1 shared
firstminute capital1 shared
Toba Capital1 shared
Northzone1 shared
Lightspeed Venture Partners1 shared
Lifeline Ventures1 shared
Sondo Capital1 shared
Skyfall Ventures1 shared
Sixty Degree Capital1 shared
Lunar Ventures1 shared
Costanoa Ventures1 shared
New Enterprise Associates1 shared
Last updated: 8 September 2026