We are Alliance Venture

We believe that the most successful companies of our time will be the ones solving real problems. The entrepreneurs that improve the way we live in a scalable way, will create long term profit as well as increase environmental and social sustainability.

We invest in exceptional early-stage tech companies founded by entrepreneurs with global ambitions. We believe that investing in a founder is a mutual partnership, and we know that building great and valuable companies takes time.

We are a Nordic venture capital firm run by experienced venture capitalists, operators and founders that helped create billion-dollar companies.

We invest in nordic entrepreneurs with global ambitions

The latest

21 October 2021

Alliance Venture co-leads 2.5 MUSD round in IndyKite

We are excited to join Lasse Andresen & the whole IndyKite team on the mission to change the digital identity space - again! Today the company came out of stealth and announced its 2.5 MUSD funding round co-led by Alliance Venture and SpeedInvest.

See our Medium post and coverage by Tech.eu, Finansavisen (Norw.) & Shifter (Norw.).

8 September 2021

Henrik Torstensson joins as Partner in Stockholm

We are very happy to welcome Henrik to the team!

Previously Henrik was the CEO of Lifesum and an executive at Spotify and Stardoll, as well as an angel investor in TeamTailor, Fishbrain, Videoplaza and others.

Read more at Dagens Industri and Shifter.

5 August 2021

Swarm64 acquired by ServiceNow

ServiceNow has announced the acquistion of Swarm64 to enable a more effective and efficient data management across many different use cases to execute complex, high-speed data analytics at a mass scale. We are proud to have been the first investor in Swarm64. Congratulations to both ServiceNow and the team!

See announcement from from ServiceNow.

5 August 2021

Alliance Venture leads Equality Check’s seed round

Equality Check is on a mission to help organizations improve their Diversity & Inclusion performance. Alliance Venture is excited to lead EC's seed round

See article in DN (in Norwegian).

24 June 2021

Sanity raises $39 MUSD Series B led by ICONIQ

Sanity.io today announced its Series B round led by ICONIQ and joined by Lead Edge Capital. Alliance participated in the round with existing co-investors Threshold and Heavybit.

Check out company announcement, TechCrunch article and coverage in DN.no (in Norw.)

17 June 2021

Alliance Venture invests in TouchNetix’ $11.5M Series A

TouchNetix, the rapidly growing provider of next-generation human-machine interface (HMI) chips and sensor modules, has raised an $11.5M Series A to accelerate its global expansion plans. Alliance Venture invested in the round and is excited to back an exceptional team and company. Congratulations to Vegard Wollan, Gaute Myklebust and team for reaching another important milestone! See article and press release.

17 June 2021

Xeneta has raised Series C funding of $28.5M

Xeneta, the leading ocean and air freight rate benchmarking platform and container shipping index, today announced the successful close of its $28.5 million Series C. The funding was led by New York-based Lugard Road Capital, with participation from existing investors Creandum and Investinor. Lugard Road will join Xeneta’s earlier investors Smedvig Capital, Point Nine Capital and Alliance Venture, bringing the total raised by Xeneta to $49 million. See articles in Shifter (Norw.) and press release.

8 June 2021

Oda reaches unicorn status

Oda just announced a secondary transaction at company valuation of $ 1.2 billion, on the back of its $ 265 million Softbank/Prosus-led round in April. This means that Oda is now a unicorn!

Read more at Medium

30 April 2021

Alliance Venture leads MSEK 15 round in &Repeat

Excited to join &Repeat in their quest to make takeaway packaging better for the environment.

Read the full story in DI Digital

8 April 2021

Softbank and Prosus lead $265M round in Oda

Congrats to Softbank and Prosus for partnering with a world-class team and amazing company - Oda (formerly Kolonial.no). It has truly been a great journey since Alliance Venture lead the seed round, and it has just begun...

Read the full story in Techcrunch

8 March 2021

Nordic Capital new investor in Boost.ai

Nordic Capital comes in as new lead investor in Boost.ai – welcome! See press release here and article in Norwegian here.

Well done and congratulations to Lars and team for an impressive journey so far. Onwards and upwards!

4 December 2020

Alliance Venture leads MSEK 12 investment in Alexis HR

The investement in the HR data platform marks Alliance first investment in Sweden.

Read more at Breakit (in Swedish).

16 November 2020

Alliance Venture leads ShiftX’ MNOK 15.3 Seed round

Alliance is joined by Skagerak Maturo and prominent angels Ståle Løvbukten, co-founder of Questback and Admincontrol, and Evan Weaver, co-founder of Fauna Inc.

For more info, please see Finansavisen article and Shifter coverage, both in Norwegian, or ShiftX medium post (in english).

15 October 2020

Sanity raises USD 9.3 million A-round led by Threshold Ventures

Alliance Venture participate together seed-round co-lead Heavybit and with prominent new angel investors such as Ev Williams. Please see Techcrunch article and company blog post for more.

20 August 2020

Aquabyte raised 10M USD

Portfolio company Aquabyte raised 10M USD from ArcTern Ventures and existing investors.

Read more (in Norwegian)

3 August 2020

Follow-on investments all-time high

H1 2020 ended up being an all-time high for follow-on investment in the Alliance Venture portfolio. Eight companies raised a total of 479 MNOK (approx. 50 MUSD). Six of the funding rounds have already been announced, Apexx Global, Shoreline, Aprila Bank, Boost.ai, Novelda and poLight, while two deals are not yet public.

Read more

11 June 2020

Apexx raised $8 million Series A

London-based payments platform APEXX Global has raised an $8 million Series A from new and existing investors, including Forward Partners, MMC and Alliance Ventures

Read more at tech.eu

2 June 2020

Launching Alliance Venture Delta

We are very happy and proud to be able to close a sizable early-stage venture fund in the midst of the COVID-19 outbreak. This will enable us to invest in a very challenging time for the startup ecosystem. And though this post is written while most of us are still in lock-down it is our firm belief that we as a society will fight through these difficult times.

Read more

1 April 2020

Responsible investing during the COVID-19 crisis

Now is the time for investors to prove themselves as great long-term partners to entrepreneurs and that it’s not just a marketing gimmick.

Read more.

9 October 2019

FPGA inventor Xilinx invests in Swarm64

Swarm64, the leader in FPGA-accelerated database management solutions, today announced that Xilinx, the FPGA inventor, has invested in Swarm64. The two companies will work together to deliver high-performance analytic databases that are easy to deploy and scale at a lower total cost of ownership (TCO) than existing solutions in the market.

See press release.

8 October 2019

Megacool acquired by Medal.tv

Medal.tv, the largest short-form video clip sharing platform in gaming, has today announced the acquisition of Megacool.co, the mobile game clipping and sharing startup (an Alliance Venture portfolio company).

See article and blog post.

9 September 2019

Superside, a new Alliance Venture win-win investment

Providing opportunity for global design talent to serve and impact Enterprises.

Read more

6 September 2019

New investment in Superside

Superside, provider of hassle-free design services for enterprise teams, just raised a 3.5 MUSD funding round. Alliance Venture participated in the round with Freestyle Capital, High Alpha Ventures, and Y Combinator.

See TechCrunch article.

4 September 2019

Alliance Venture co-leads seed round in Sanity.io

Sanity.io has raised a 2.4 MUSD seed round led by Heavybit and Alliance Venture joined by a group of angel investors from the developer community. Sanity delivers a Structured Content Platform for modern developers. See announcement and article from DN. (Norwegian)

4 May 2019

Confessions of a reality TV VC bad guy

I’d like to congratulate the team of LeadX, Smart Innovation Norway, and Nordic Media Lab on the documentary miniseries from their recent…

Read more

20 March 2019

Alliance Venture invests in Altua

Altua, the developer of Grunt – the tool that gives PowerPoint users superpowers, announced a new funding round of 16 MNOK (1.9 MUSD) to take Grunt to market. Alliance Venture, a new investor, joined the syndicate of existing investors. See article from Finansavisen (in Norwegian).

13 March 2019

Xeneta raises 70 MNOK (8.2 MUSD) in new funding

Xeneta, the leading freight price benchmarking and market intelligence platform, has raised a new funding round of 70 MNOK (8.2 MUSD) led my Investinor. Existing shareholders Smedvig Capital, Creandum, Alliance Ventures, and Alden participated in the funding round. See announcement from Investinor.

21 February 2019

Novelda secures 15 MUSD in growth funding for its XeThru radar sensor business

Novelda, a developer and supplier of adaptive smart sensors, has closed a USD 15 million funding round to further develop and take the XeThru radar sensor technology into high volume applications. Alliance Venture participated in the round led by Investinor. See the company’s announcement.

11 February 2019

Digesting impressions from SaaStr Annual 2019

I have been a SaaStr fan and follower of the SaaStr community and best practices for years, yet I attended my first SaaStr Annual last week. The conference prides itself on “actionable advice and learnings to help grow SaaS businesses from $0 to $100M ARR”.

Read more

28 September 2018

PoLight announces successful IPO raising 130 MNOK

poLight ASA today announced the successful completion of its initial public offering (IPO). The first day of trading of the company’s shares on the Oslo Stock Exchange is expected to be Monday 1 October 2018 under the ticker OSE: PLT. In the offering poLight has raised 130 MNOK in new funds. See the company’s announcement.

14 August 2018

“Why are you here?”

… is probably the most frequent question I get, when I explain who I am and what I do. This is not a hostile question or bullying tactic, but simply an indication of genuine curiosity and some confusion.

Read more

9 February 2018

Boost.ai secures 5 MUSD Series A investment from Alliance Venture

Boost.ai, provider of the world’s most robust virtual assistant platform, announced today the closing of a new round of financing from Alliance Venture. Boost.ai has developed the world’s most robust natural language processing (NLP) algorithms. These algorithms enable virtual assistants built on the James® platform to respond to customer enquiries quickly, efficiently and with unrivaled accuracy. The financing will be used to strengthen the technical and commercial teams within boost.ai, and to support expansion beyond the Nordics. See article (in Norwegian).

30 January 2018

Aquabyte raises 3.5 MUSD seed funding; aims to transform fish farming through computer vision and machine learning

Aquabyte, a startup applying computer vision and machine learning models to dramatically optimize fish farming efficiency, today announced a 3.5 MUSD Seed Round of funding co-led by Costanoa Ventures and New Enterprise Associates (NEA) with participation from Alliance Venture, Princeton University and other investors. See press release, Forbes article and Shifter article (Norw).

25 January 2018

Arundo Analytics raises 25MUSD Series A funding to bring large-scale machine learning into asset-heavy industries

Arundo Analytics, a software company powering advanced analytics in heavy industry and Alliance Venture portfolio company, announced today an initial closing of 25 MUSD on its Series A financing round. To date, the company has raised over $32.5 million since its founding in 2015. “This investment is a validation of the product and market strategy our team pursued over the last two years,” said Tor Jakob Ramsøy, CEO of Arundo. See article.

7 January 2018

Swarm64 raises 12.5 MUSD Series B round led by Intel Capital

Alliance Venture portfolio company, Swarm64 – an enabler of real-time analytics for high velocity and big data – has raised 12.5 MUSD Series B round led by Intel Capital. The funding will be used to strengthen Swarm64’s position as a global leader in FPGA-based accelerators for relational databases. Alliance Venture participated in the round. See press release in English and article in Norwegian.

3 January 2018

Aprila Bank has raised 170 MNOK (20 MUSD) in funding

Alliance Venture invested early alongside FJLabs and was later joined by several reputable Norwegian investors. Aprila delivers a fully automated on-the-spot financing solution for SMEs with an innovative distribution model. The solution will address the SME funding gap through a seamless integration with established ERP solutions and accounting services. See article in Norwegian.