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.
Average disclosed round size is $12.2M (across 14 rounds with reported amounts).
Portfolio
25
Fund Size
$108M
Top Stage
Seed
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
32 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Fika Jobs | Pre-Seed | $4M | Jun 2026 |
| Fika Jobs | Pre-Seed | $4M | Jan 2026 |
 Unleash | Series B | $35M | Jan 2026 |
 Aquabyte | Seed | $3.5M | 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 |
 Novelda | Growth | — | Dec 2021 |
 Aquabyte | Series A | $10M | Jun 2019 |
| Novelda | Growth | $15M | Feb 2019 |
 Swarm64 | Series B | $12.5M | Jan 2018 |
 poLight | Series B | — | Jan 2015 |
| poLight | Series A | — | Jan 2009 |
 Equality Check | Seed | — | — |
 Endform | Seed | — | — |
 Newcode.ai | Series A | — | — |
| Novelda | Series B | $12M | — |
 Altua | Unknown | — | — |
 Ciloo | Pre-Seed | — | — |
| SSanity.io | Series B | $39M | — |
| SSanity.io | Series A | — | — |
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Top Co-Investors
Alliance Ventures13 shared
Luminar Ventures5 shared
Antler4 shared
Investinor4 shared
Luminar3 shared
firstminute capital2 shared
Skyfall Ventures2 shared
Costanoa Ventures2 shared
New Enterprise Associates2 shared
Lugard Road Capital2 shared
private angel investors2 shared
Viking Global2 shared
Alumni Ventures1 shared
Day One Ventures1 shared
Visionaries1 shared
Shine Capital1 shared
Phoenix Court Group1 shared
Sequoia Capital1 shared
Toba Capital1 shared
Northzone1 shared
Last updated: 20 October 2026