Skip to content
    Equinor logo

    Equinor

    Stavanger, NorwayFounded 1972
    www.equinor.comLinkedIn
    Climate & EnergyHardware & SemiconductorsInfrastructure & CloudData & Analytics

    Equinor Ventures invests in early-stage companies developing technologies and business models that support the energy transition, enhance sustainability, and drive digitalization within the energy sector. Its strategy is to leverage the parent company's expertise and resources to accelerate these innovations.

    81% 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 $76.5M (across 16 rounds with reported amounts).

    Find people at Equinor on Goldilocks AI

    Portfolio

    16

    Fund Size

    $750M

    Top Stage

    Series A

    Last 12 Mo

    2

    Team

    LK

    Lars Klevjer

    Head of Equinor Ventures

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    16 investments
    CompanyRoundAmountDate
    ElectronX logoElectronXSeries A$30MNov 2025
    Sapphire Technologies logoSapphire TechnologiesSeries C$18MSep 2025
    ElectronX logoElectronXStrategic$10MFeb 2025
    HH2SITESeries B$36MJan 2025
    KoBold Metals logoKoBold MetalsSeries C$537MJan 2025
    NNth CycleSeries B$44MDec 2023
    Green Li-ion logoGreen Li-ionSeries B$20.5MMar 2023
    Syzygy Plasmonics logoSyzygy PlasmonicsSeries C$76MNov 2022
    RRevterra CorporationSeries A$6MJul 2022
    SkySpecs logoSkySpecsSeries D$80MMay 2022
    Context Labs logoContext LabsUnknown$28MFeb 2022
    Mainspring Energy, Inc. logoMainspring Energy, Inc.Series D$95MMay 2021
    Commonwealth Fusion Systems logoCommonwealth Fusion SystemsSeries A$84MMay 2020
    Commonwealth Fusion Systems logoCommonwealth Fusion SystemsSeries C$84MMay 2020
    Yellow Door Energy logoYellow Door EnergySeries A$65MJan 2019
    ElectronX logoElectronXSeed$10M—

    Top Co-Investors

    Breakthrough Energy Ventures4 shared
    The Engine3 shared
    Innovation Endeavors3 shared
    Systemiq Capital3 shared
    Shell3 shared
    Khosla Ventures3 shared
    Devonshire Investors3 shared
    MassMutual2 shared
    Chevron Technology Ventures2 shared
    Temasek Holdings2 shared
    Eni Next2 shared
    Future Fund2 shared
    Moore Strategic Ventures2 shared
    Safar Partners2 shared
    Schooner Capital2 shared
    Starlight Ventures2 shared
    International Finance Corporation1 shared
    Mitsui Global Investment1 shared
    SOSV1 shared
    Carbon Direct Capital1 shared

    Last updated: 16 April 2026