Alliance Venture

About Alliance Venture

Alliance Venture (Alliance VC) is a Nordic early-stage technology venture capital firm headquartered in Oslo with offices in Stockholm, Helsinki and Copenhagen. The firm was founded by experienced venture capitalists, operators and founders who previously helped build large-scale companies, and is backed by leading Nordic LPs including Saminvest, KLP, Investinor, Smedvig and Telenor. The flagship Alliance Nordic III reached a €40 million first close toward a €100 million target in July 2025.

Investment thesis

Alliance Venture deploys capital through approximately four funds (Alliance Nordic I, II, III plus Alliance Venture Delta), targeting early-stage (pre-seed to seed and Series A) technology venture capital with a long-term partnership approach to founders. Sector focus spans AI and machine learning, software and B2B SaaS, fintech, healthcare tech, B2B commerce, energy and renewables and robotics. Geographic deployment is the Nordic region core with portfolio companies scaling internationally. The team of former operators and founders emphasises long-term founder partnership over transactional funding.

Recent activity

Recent realised exits include HR software (2024), enterprise and process-software (2024) and aquaculture tech (2025). Recent acquisitions include AI developer tools (2026 seed), test-infrastructure software (2026 pre-seed) and AI software (2026 seed). The platform continues active deployment of Alliance Nordic III across the Nordic early-stage tech mandate. Detailed buyer names and multiple data available on Pro at €49/month.