Equinor

Stavanger, NorwayFounded 1972

Equinor is a Norwegian multinational energy company headquartered in Stavanger, Norway, founded in 1972. Its corporate venture capital arm, Equinor Ventures, invests in ambitious early-phase and growth companies shaping the future of energy, focusing on renewable energy, low-carbon solutions, and future business opportunities.

62% of their portfolio is in Climate & Energy. Deal activity decreased year-over-year (2 deals in the last 12 months vs 3 prior). Average disclosed round size is $85.0M (across 42 rounds with reported amounts).

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Portfolio

Fund Size

$200M

Top Stage

Series A

Last 12 Mo

Team

Aksel Stenerud

Executive Vice President People & Organisation

Camilla Salthe

Executive Vice President Safety, Security & Sustainability

Geir Tungesvik

Executive Vice President Projects, Drilling & Procurement

Hege Skryseth

Executive Vice President Technology, Digital & Innovation

Helge Haugane

Executive Vice President Power

Irene Rummelhoff

Executive Vice President Marketing, Midstream & Processing

Jannik Lindbæk

Executive Vice President Communication

Kjetil Hove

Executive Vice President Exploration & Production Norway

Philippe François Mathieu

Executive Vice President Exploration & Production International

Siv Helen Rygh Torstensen

Executive Vice President Legal & Compliance

Torgrim Reitan

Executive Vice President and Chief Financial Officer

Anders Opedal

President and Chief Executive Officer

Portfolio Breakdown

Stage Distribution

Sector Distribution

Investment Activity

DealsAvg Round Size

Portfolio

55 investments

Company	Round	Amount	Valuation	Date	Role
ElectronX	Series A	$30M	—	Nov 2025	participant
Sapphire Technologies	Series C	$18M	—	Sep 2025	participant
Lithium de France	Series B	—	—	Sep 2025
ElectronX	Strategic	$10M	—	Feb 2025	participant
H2Site	Series B	—	—	Jan 2025	participant
KoBold Metals	Series C	$537M	$3.0B	Jan 2025	participant
Raygen	Series D	—	—	Jan 2025
Captura	Series A	—	—	Apr 2024
Nth Cycle Inc.	Series B	$44M	—	Dec 2023	—
Green Li-ion	Series B	$20.5M	$187M	Mar 2023	participant
EElectric Hydrogen (EH2)	Series C	$380M	—	Jan 2023
HHySiLabs	Series A	—	—	Jan 2023
Electric Hydrogen	Series C	$380M	—	Jan 2023
Infravision	Series A	$23M	—	Jan 2023
Electric Hydrogen	Series C	$380M	—	Jan 2023
Plasmonics	Series C	$76M	—	Nov 2022	—
SSyzygy	Series C	$76M	—	Nov 2022
Revterra	Series A	$6M	—	Jul 2022	lead
BBooster Fuels	Unknown	$125M	—	May 2022
Carbon Clean	Series C	$150M	—	May 2022
SkySpecs	Series D	$80M	—	May 2022	participant
Context Labs	Unknown	$28M	—	Feb 2022	—
Elestor	Series A	—	—	Jan 2022
Inherit	Seed	—	—	Jan 2022
Vaarst	Series B	$20M	—	Jan 2022