News 2017-01-06T09:29:40+00:00
910, 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.

810, 2019

Megacool acquired by, the largest short-form video clip sharing platform in gaming, has today announced the acquisition of, the mobile game clipping and sharing startup (an Alliance Venture portfolio company). See article and blog post.

609, 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.

409, 2019

Alliance Venture co-leads seed round in 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)

2003, 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).

1303, 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.

2102, 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.

2809, 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.

902, 2018 secures 5 MUSD Series A investment from Alliance Venture, provider of the world’s most robust virtual assistant platform, announced today the closing of a new round of financing from Alliance Venture. 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, and to support expansion beyond the Nordics. See article (in Norwegian).

3001, 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).

2501, 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.

701, 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.

301, 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.

412, 2017

Alliance Venture leads 2.5 MUSD investment round in, a supplier of software for “Securing the World’s Connected Devices”, recently raised a new funding round of 2.5 MUSD, led by Alliance Venture and with Investinor also participating.’s product portfolio includes CFEngine, Mender and Zener.
We have shared our perspectives on the new investment in a blog post.

2911, 2017

APEXX closes 4 MUSD in new funding

APEXX, the first single marketplace for global payments, today announced its seed funding round and a grant award, in total 4 MUSD. New investors include Forward Partners, MMC Ventures and Alliance Venture.  See article about funding.

1710, 2017

Shoreline secures investment from Blue Bear Capital, Alliance Venture and Investinor

Shoreline AS, a data analytics and simulation software company focused on the energy industry, has secured a new funding from a group of international venture capital funds, including Blue Bear Capital, Alliance Venture and Investinor. Shoreline has already taken a strong position in the offshore wind market, providing software-as-a-service (“SaaS”) to many of the largest offshore wind developers and operators.
Press release

1009, 2017

Alliance Venture voted Norwegian Investor of the Year

At the Norwegian National Finale of the Nordic Startup Awards in Tromsø on September 7 Alliance Venture was announced as Investor of the Year based on votes from the public and jury. The Nordic Grand Finale will take place in Stockholm on October 18. See link for more details.

2707, 2017

Alliance Venture leads Megacool’s seed round of 1.5 MUSD

Megacool raises a 1.5 MUSD Seed Round led by Alliance Venture to bring Word-of-Mouth Virality to Mobile Game User Acquisition.
Article in Norwegian.
Article in English.
Press release (English).

307, 2017

Alliance Venture invests in Scrimba

Scrimba, an Oslo, Norway-based startup providing a tool to create and deliver interactive coding screencasts in an instant to make online code learning better, has raised NOK 500k ($60k) from Alliance Venture.
Article in Norwegian.
Article in English.

505, 2017

The Orchard acquires finetunes GmbH and Phonofile AS

finetunes GmbH and Phonofile AS, the operating companies of Alliance Venture portfolio company SendR SE, have been acquired by The Orchard, forming a even stronger global platform for music distribution. See also and (Norwegian).

1804, 2017

Alliance Venture makes new investment in MemoScale

Alliance Venture has made a new portfolio investment in MemoScale, a NTNU spin-off and data storage software company. MemoScale has developed the Next Generation Erasure Coding software providing extreme capacity utilization and performance for data storage systems. Article in Norwegian:

902, 2017

Shipping Container Pricing Index Xeneta Raises 12 MUSD in Series B

Xeneta, the leading ocean freight benchmarking and market intelligence software platform, has raised 12 MUSD in a Series B round led by London-based Smedvig Capital. Existing investors including Creandum and Alliance Venture also participated in the round. Jan- Erik Hareid, Alliance Venture: “We are really impressed with the team as well as the growth and progress in Xeneta over the two years we have been involved with the company. We are excited about the future potential based on the unique position Xeneta has taken in the marketplace”

2401, 2017

Fusetools raises USD 12 million

Alliance Venture participated alongside Northzone and Ojada in the largest funding round in Fusetools to date. Fuse has shown initial customer traction, and the capital will go towards scaling sales, marketing, support and product development. Please also see DN and Shifter stories.

912, 2016

Novelda raises 12 MUSD and appoints new CEO

Smart sensor developer Novelda, an Alliance Venture portfolio company, has closed a new 12 MUSD funding round. The funding will allow Novelda to take its XeThru vital sign and true presence sensors to high volume production. The company also announced that Cornelia Mender has been appointed new CEO to take the company to the next level. See also article.

2011, 2016

Alliance Venture invests in Eventum

Eventum has raised NOK 8 million in a seed round lead by Alliance Venture. Eventum provides a marketplace for finding and booking the perfect event venue. Most venues are under-utilized, and finding the right location is tedious and time-consuming. Eventum makes the whole process smoother, both for venue owners with unused “inventory” and for event organizers looking for the perfect place.

2510, 2016 raises NOK 150 million has raised approximately NOK 150 million from mainly four new investors at a pre-money valuation around NOK 1 100 million. The capital will go towards marketing, technology development and geographical expansion, and thus further strengthen’s positon as the leading online grocery in Norway.

1308, 2016

poLight – new funding round of 160 MNOK

poLight AS has raised an equity round of NOK 160 million from new investors and existing shareholders. The private placement, which was oversubscribed, attracted several established leading Norwegian and international institutional investors.

3006, 2016

Encap Security acquired by AllClear ID

Encap Security, provider of uncompromising authentication for financial institutions and Alliance Venture Polaris portfolio company, has been acquired by AllClear ID, the world leader in protecting organisations, their employees, and their customers from the fallout of a data breach.

1808, 2015

Alliance Venture invests in Wake

Wake is a tool to share design within teams and with customers. The company is based in San Francisco and Oslo. Alliance Venture co-invests with First Round Capital and Slow Ventures

1805, 2015

Alliance Venture invests in has raised MNOK 12 in a seed round led by Alliance Venture. is experiencing rapid growth in an underserved segment of the Norwegian e-commerce market. The total market for groceries in Norway is around NOK 160 billion, with an estimated 0,1% of this sold through online players. In comparable markets, like Sweden and the UK, the market penetration is much higher.

502, 2015

Xeneta raises $5.3 million

Xeneta, the leading data platform for ocean freight market intelligence, has raised a $5.3 million Series A investment round to fuel its continued growth and product development. Prior investors, Creandum, Point 9 Capital, and Alden, participated alongside new investor Alliance Venture. The Oslo, Norway, based company was founded in 2012 and has raised a total of $8.5 million since inception.

302, 2015

poLight® secures financing for commercialisation and strengthens shareholder base

poLight® AS has raised NOK 146m in a private placement of shares directed towards new and existing investors. The funds provide financing for the next steps towards commercialization of poLight®’s leading autofocus actuators for mobile phone cameras and represents a next step in the announced plan for a public listing.

2701, 2015

Fuse Emerges from Stealth to Fix App Development, Secures $2.8M New Funding

Fuse today announced it has received an additional $2.8M in financing led by top Nordic investor Northzone to launch its iOS/Android app development platform and tool suite by the same name. Currently in closed alpha, Fuse aims to bridge the gap between prototype designs and fully working native apps. The new funding brings the company’s total investment to $7M.

1801, 2015 partnering with Twitter and Facebook

Alliance Venture portfolio company is partnering with Twitter and Facebook for Social TV. With Twitter, is a Technology Partner in Broadcast Curation. With Facebook, is one of three global partners with access to the Keyword Insights API.

1801, 2015

Forma Publishing Group AB selected PagePlanner

The Swedish company Forma Publishing Group is one of the leading players in magazine, book and television production. Forma Publishing Group has operations in Sweden, Finland and the Baltic countries and employs approximately 400 persons. They have been in the market for a new production system for magazines and books for a while, and after evaluating a number of available systems, PagePlanner 3 was selected based on its ease of use, price and functionality.

1801, 2015

bMenu launches in the US

bMobilized is a self service platform for creating mobile versions of existing web sites. By entering your domain name, bMobilized will automatically create a mobile version of your existing website. Then the customer then gets access to online tools for customization of design, navigation and content. After 5 minutes you have a mobile version of your website which automatically resizes to thousands of phones and is kept automatically updated so you don’t need to maintain two websites to a have a mobile version. bMobilized version 1.0 of was launched in the US market in February 2011 and the main investors […]

1801, 2015 exibits at NAB Las Vegas will show its revolutionary Synchonized Companion App at NAB in Las Vegas | April 11-14, booth #N3737 Additionally will be present at the Vizrt booth, #SL5408, demonstrating the powerful combination of Vizrt graphic systems and our own Interactivity Suite.

1801, 2015

Swedish label Darrow signs with Phonofile

Swedish label Darrow have signed a digital distribution deal with Phonofile. Darrow have an impressive catalogue including artists like The Refreshments (12 gold and 2 platinum albums), Dave Edmunds, Eva Eastwood, Johan ”J.B” Blohm, Nejra and many more.

312, 2014

Novelda secures funding round of 12 MUSD

Novelda, the developer and manufacturer of adaptive smart sensors, announces the closing of a $12M Series A financing round to secure delivery and further development of its XeThru sensor technology. The first XeThru sensors are designed to detect movement and human body vital signs such as breathing and heart rate from a distance of several meters. In addition to normal motion detection, the sensors can detect other types of movement including proximity, gestures and more. The sensors use harmless, extremely low energy, high frequency (GHz) radio waves and can sense through clothing, bedding and obstacles such as glass, walls and […]

1311, 2014

Our man in Silicon Valley

Arne Tonning, our partner and team member, has since the summer been the “Investor in Residence” at Nordic Innovation House (NIH) in Palo Alto, where he is an integrated part of the team there. The provides Alliance Venture with a more direct and hands-on link into the Silicon Valley ecosystem. Arne’s mission for us in California is to support our portfolio companies, benchmark new investment opportunities for our latest fond and strengthen the Silicon Valley network for long-term value. Feel free to reach out to Arne or us, if this local presence in California is of interest or can be […]

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