About Momentum Partners
Momentum Partners is a venture capital firm founded in 2013. It is primarily based out of Bergen, Norway. As of Aug 2026, Momentum Partners is an active investor, having invested in 27 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in Norway based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Food and Agriculture Tech. Most recently it participated in the $***** Series A round of Birdsview Overall, Momentum Partners portfolio has seen 3 acquisitions, namely Cutters and Blue Ocean Technology. A lot of funds co-invest with Momentum Partners, with names like Wiski Capital sharing a substantial percentage of its portfolio. Momentum Partners has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series A, Seed & 1 more
Portfolio Acquisitions
Deals in last 12 months
Momentum Partners' List of Top Investments
Momentum Partners has a portfolio of 27 companies. Their most notable investments are in Aivero and Dele.Their portfolio spans across Norway, Finland, United States and 1 more locations. They have invested in Enterprise Applications, High Tech, Food and Agriculture Tech and 17 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Momentum Partners:
1. Nofence
Virtual fencing for livestock, enabling efficient and sustainable grazing management. This innovative company provides a GPS-based virtual fencing system for livestock, promoting animal welfare and efficient grazing. The system comprises a solar-powered GPS collar, a user-friendly mobile app, and satellite data for precise boundary management. Farmers can easily define and adjust grazing areas, track animal movements, and optimize land use without physical fences. This technology supports natural animal behavior, reduces labor, and enhances pasture management. The company offers solutions for various livestock types and terrains. It is a tech company, offering a SaaS based subscription model. The company is focused on social impact by promoting sustainable agriculture.
Key facts about Nofence
- Founded Year: 2011
- Location: Batnfjordsora (Norway)
- Stage: Series B
- Total Funding till date: $38.7M
- Employee Count: 133 as on Sep 30, 2026
- Investors: Nysno, Speedinvest and 9 Others
- Latest Funding Round: Series B, Jul 2025, $*****
- Highlight: Editors' Pick
2. Photoncycle
Photoncycle is a company that aims to revolutionize the way electricity is generated, stored, consumed, and paid for. They are focused on building an autonomous energy system enabled by innovative technology that is affordable for many. The company is founded by Bjorn Brandtzaeg, who has extensive experience in the energy industry.
Key facts about Photoncycle
- Founded Year: 2020
- Location: Oslo (Norway)
- Annual Revenue: $0 - $1M as on Dec 31, 2022
- Stage: Series A
- Total Funding till date: $22.9M
- Employee Count: 28 as on Sep 30, 2026
- Investors: NordicNinja, Luminar Ventures and 5 Others
- Latest Funding Round: Series A, Mar 04, 2026, $*****
3. Glint Solar
Cloud based design software for solar energy operators. It is a software platform designed for utility-scale solar developers to optimize project workflows. The platform allows users to manage, collaborate, and streamline projects for greenfield solar development. The platform enables users to analyze and identify a solar site. It allows users to generate 3D project visualizations with elevation profiling. It enables users to track pipeline process and identify blockers in real time.
Key facts about Glint Solar
- Founded Year: 2020
- Location: Oslo (Norway)
- Stage: Series A
- Total Funding till date: $11M
- Employee Count: 52 as on Aug 31, 2026
- Investors: Momentum Partners, Wiski Capital and 4 Others
- Latest Funding Round: Series A, Nov 07, 2024, $*****
- Highlight: Editors' Pick
4. Altigreen
Manufacturer of electric three-wheel vehicles for cargo and passenger transport. It designs and produces electric vehicles for last-mile transport. Vehicles are made for the environment, road conditions, and driving behavior. It offers vehicles with varying cargo capacities and features.
Key facts about Altigreen
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $62.6M
- Employee Count: 3,421 as on Aug 31, 2025
- Investors: Sixth Sense Ventures, Valar Ventures and 81 Others
- Latest Funding Round: Angel, Dec 23, 2024, $*****
- Highlight: Editors' Pick
5. Quantfolio
Provider of platform for financial institutions to deliver client-facing digital advice. The platform offers customizable features to increase efficiency and conversion rates. It provides tools for client onboarding, risk profiling, and wealth plan generation. The platform also supports compliance, client engagement, and white-label solutions. It allows financial institutions to tailor processes to align with their investment advisory approach.
Key facts about Quantfolio
- Founded Year: 2015
- Location: Bergen (Norway)
- Annual Revenue: $1M - $10M as on Dec 31, 2024
- Stage: Series A
- Total Funding till date: $1.64M
- Employee Count: 20 as on Sep 30, 2026
- Investors: Farvatn Venture, Momentum Partners and 5 Others
- Latest Funding Round: Series A, Oct 15, 2020, $*****
- Highlight: Editors' Pick
Momentum Partners' Year-on-Year Investment Trends
Momentum Partners has invested in 27 companies over the last 9 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Aug 2026, it has made 3 investments in this year. Its most recent first time investment was in Birdsview and most recent follow-on round was in Photoncycle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 2 | 2 | 4 |
2024 | 1 | 2 | 3 |
2023 | 1 | 0 | 1 |
2022 | 3 | 0 | 3 |
2021 | 0 | 0 | 0 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Momentum Partners' Investments by Stage
Momentum Partners has made 7 investments in Series A stage with an average round size of $14.2M, 6 investments in Seed stage with an average round size of $2.59M and 1 investment in Series B stage with an average round size of $35.2M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 6 |
Series B | 1 |
Note: We have considered here, only first round of investments
Momentum Partners' Investments by Sector
Momentum Partners has a diverse portfolio, with companies operating in the High Tech, Energy Tech, Enterprise Applications, Environment Tech and Food and Agriculture Tech. Notably, it has invested in 20 Tech companies, 15 Enterprise (B2B) companies, 11 Software companies and at least 9 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 5 |
Energy Tech | 4 |
Enterprise Applications | 4 |
Environment Tech | 4 |
Food and Agriculture Tech | 4 |
Others | 23 |
Note: We have considered here, only first round of investments
Momentum Partners' Investments by Geography
Momentum Partners has made most investments in Norway (10), followed by Finland where it has made 2 investments.Country | No. of Investments |
|---|---|
Norway | 10 |
Finland | 2 |
India | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Momentum Partners' recent investments
Momentum Partners has made 3 investments in 2026 so far. Birdsview and Thestorage are the latest among them.Here are the most recent investments by Momentum Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 17, 2026 | Norway | Series A | 5627 | ||
Apr 23, 2026 | Finland | Seed | 5607 | [+2] | |
Mar 04, 2026 | Norway | Series A | 2733 | [+4] | |
Nov 27, 2025 | Norway | Series A | 2966 | [+4] | |
Sep 16, 2025 | Norway | Series B | 9673 | [+6] |
Acquired companies in Momentum Partners' Portfolio
3 companies from Momentum Partners' portfolio have been acquired. The most recent acquisition was Blue Ocean Technology in Feb 2024 by Pelagia for $*****.Here are Momentum Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 02, 2024 | - | - | 1119 | |
Jul 10, 2019 | - | - | 3427 | |
May 18, 2017 | - | - | 1716 |
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Team profile of Momentum Partners
Momentum Partners has a team of 4 members including 3 Partners and 1 Principal located in Norway. Momentum Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Momentum Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Oslo | - | ||
Partner | Bergen | - | ||
Partner | Bergen | - | ||
Principal | Oslo | - |
Co-investors of Momentum Partners
Over the past 9 years, 150 investors have co-invested in Momentum Partners's portfolio companies. This includes funds and angels.
- Invested before Momentum Partners: StartupLab, Vikrant Rana and 57 others have invested in rounds before Momentum Partners. There is 1 company where StartupLab has invested before Momentum Partners and 1 company where Vikrant Rana has invested before Momentum Partners.
- Top Co-investors of Momentum Partners: 75 investors entered a company along with Momentum Partners. These include investors like Wiski Capital (2 companies).
- Invested after Momentum Partners: A total of 16 investors have invested in Momentum Partners's portfolio after their investments. Top Investors include ECBF (1 company), Capagro (1 company) and Nysno (1 company).
Recent News related to Momentum Partners
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New Torq AMP Alliance Program Debuts with Wiz, Zscaler, and Leading Global Cloud Platform to Accelerate Autonomous SecOpsBusiness Wire•Jul 29, 2025•Zscaler, Torq, Momentum Partners, Google Cloud
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Momentum’s Green Tech Fund Secures Backing from European Investment FundEuropaWire•Dec 18, 2024•Momentum Partners, European Investment Fund, Europa
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Glint Solar Grabs $8m To Help Accelerate Solar Energy Adoption Across EuropeTechCrunch+•Nov 07, 2024•Glint Solar, E.ON, Recurrent Energy, Smedvig Ventures and 4 others
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Tquila Automation raises $20M Series A, acquires healthcare intelligent automation leader, Element BlueTquila Automation•Sep 26, 2023•Tquila Automation, Delta-v Capital, Tquila, Momentum Partners and 1 other
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Tequila Automation raises $20M in Series A funding, acquires healthcare intelligent automation leader Element BlueTechStartups.com•Sep 26, 2023•Tquila Automation, Delta-v Capital, Momentum Partners
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Norway-based Remora Robotics bags €2.5M to enhance aquaculture robotics technologySilicon Canals•Aug 21, 2023•Remora, Grieg Kapital, Momentum Partners, Grieg Group and 1 other
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Norway-based 7Analytics bags €2.5M to predict flood behaviour using AI and MLSilicon Canals•Sep 29, 2022•7Analytics, Momentum Partners, Construct Venture, Link Capital
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Norwegian startup has raised around €9M for its high quality and easy-to-use EV chargersArcticStartup•Apr 04, 2022•Amina, Nysno, Eviny, Lyse and 1 other
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Altigreen secures $40 mn in Series AMint•Feb 11, 2022•Altigreen, Sixth Sense Ventures, Reliance Power, Reliance Industries and 4 others
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Investor Specializing in Military Housing Buys Lakewood Apartment Complex for $72.4MMThe Registry Pacific Northwest•Oct 04, 2021•ACCEND Construction, Momentum Partners
