About TD Veen
TD Veen is a venture capital firm founded in 1986. It is primarily based out of Stavanger, Norway. As of Mar 2025, TD Veen has invested in 34 companies. It primarily invests in Seed 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 $***** Seed round of NoMY Overall, TD Veen portfolio has seen 5 IPOs and 5 acquisitions including key companies like Pexip, Proximar Seafood and Nordic Halibut. A lot of funds co-invest with TD Veen, with names like Patrick Pichette sharing a substantial percentage of its portfolio. TD Veen has team of 7 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Post IPO & 2 more
Portfolio IPOs
Portfolio Acquisitions
TD Veen's List of Top Investments
TD Veen has a portfolio of 34 companies. Their most notable investments are in Proximar Seafood and Aqua Robotics.Their portfolio spans across Norway, United Kingdom, Germany and 1 more locations. They have invested in Enterprise Applications, High Tech, Food and Agriculture Tech and 17 other sectors, across stages such as Seed, Post IPO and 2 more. Here is the list of top investments by TD Veen:1. Pexip
Cloud-based platform for video conferencing. It provides products such as Pexip Infinity for virtual meeting rooms. Its features include audio dial-in for voice calling, building personal VMR, outlook scheduling, and plugin.
Key facts about Pexip
- Founded Year: 2012
- Location: Lysaker (Norway)
- Annual Revenue: £10M - £50M as on Dec 31, 2025
- Stage: Public
- Employee Count: 329 as on Sep 30, 2026
- Investors: TD Veen, Quinary Investment and 2 Others
- Latest Funding Round: Seed, $*****
- Highlight: Public
2. Ocean Bottle
Ocean Bottle is an internet first brand offering bottles. The company claims its products to be reusable and made of ocean-bound recycled plastic.
Key facts about Ocean Bottle
- Founded Year: 2018
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2024
- Stage: Funding Raised
- Employee Count: 52 as on Aug 31, 2026
- Investors: TD Veen, Pentland Group and 11 Others
- Highlight: Editors' Pick
Land-based Atlantic salmon farming in Japan, sustainable and high-quality. The company specializes in producing fresh, premium Atlantic salmon using land-based Recirculating Aquaculture System (RAS) technology at the foot of Mount Fuji. This innovative approach ensures minimal environmental impact, reduces the need for overseas airfreight, and promotes sustainable nourishment. The company focuses on delivering locally produced Atlantic salmon to the Japanese market throughout the year. The salmon is bred using Icelandic eggs, Japanese feed, electricity, and water, utilizing a local workforce. The company is committed to biosecurity protocols, ensuring high fish welfare and eliminating the need for medication. The company aims to provide eco-friendly, first-class produce to meet the growing demand for sustainable and high-quality seafood.
Key facts about Proximar Seafood
- Founded Year: 2015
- Location: Bergen (Norway)
- Stage: Public
- Total Funding till date: $49.3M
- Employee Count: 42 as on Sep 30, 2026
- Investors: 27th Street Capital, TD Veen and 7 Others
- Latest Funding Round: Post IPO, Dec 15, 2023, $*****
- Highlight: Public
4. poLight
Developer of focus actuators for optical lenses. When current is passed through the piezo material placed on the glass membrane, it deforms the polymer kept between the glass membrane and support glass, thus allowing light rays to focus accordingly. Technology is claimed to be consuming less energy, takes less time to focus and has high optical stability among other advantages. It enables the production of wafer scale (MEMS) active optical components based on deformable polymers.
Key facts about poLight
- Founded Year: 2005
- Location: Horten (Norway)
- Annual Revenue: $0 - $1M as on Dec 31, 2019
- Stage: Series C
- Total Funding till date: $58.2M
- Employee Count: 56 as on Sep 30, 2026
- Investors: TD Veen, Industrifonden and 4 Others
- Latest Funding Round: Series C, Aug 16, 2016, $*****
- Highlight: Editors' Pick
Sustainable superfood: premium, handcrafted halibut with exceptional quality and minimal impact. A global seafood icon dedicated to the highest standards of quality and sustainability. As a frontrunner in producing sustainable superfood, the focus is on delivering high-quality food while minimizing environmental impact. The premium halibut is a culinary delight, perfect for any occasion. Sustainably sourced and known for its firm texture, delicate flavor, and exceptional quality, it is ideal for fine dining experiences. The company values exceptional individuals and their dedication to crafting this premium seafood product.
Key facts about Nordic Halibut
- Founded Year: 1995
- Location: Norway
- Annual Revenue: $1M - $10M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $39.9M
- Employee Count: 53 as on Sep 30, 2026
- Investors: TD Veen and Farvatn Venture
- Latest Funding Round: Post IPO, Jan 23, 2025, $*****
- Highlight: Public
TD Veen's Year-on-Year Investment Trends
TD Veen has invested in 34 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in NoMY and most recent follow-on round was in Aqua Robotics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 1 | 1 | 2 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
2021 | 2 | 1 | 3 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
TD Veen's Investments by Stage
TD Veen has made 7 investments in Seed stage with an average round size of $3.41M, 2 investments in Post IPO stage with an average round size of $14.7M, 2 investments in Series C stage with an average round size of $34.2M and 1 investment in Series A stage with an average round size of $3.74M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Post IPO | 2 |
Series C | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
TD Veen's Investments by Sector
TD Veen has a diverse portfolio, with companies operating in the Enterprise Applications, Sustainability Tech, Environment Tech, Food and Agriculture and Food and Agriculture Tech. Notably, it has invested in 24 Enterprise (B2B) companies, 24 Tech companies, 14 Software companies and at least 8 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Sustainability Tech | 3 |
Environment Tech | 2 |
Food and Agriculture | 2 |
Food and Agriculture Tech | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
TD Veen's Investments by Geography
TD Veen has made most investments in Norway (8), followed by Germany where it has made 2 investments.Country | No. of Investments |
|---|---|
Norway | 8 |
Germany | 2 |
United Kingdom | 2 |
Note: We have considered here, only first round of investments
TD Veen's recent investments
TD Veen has not made any investment in 2026 so far.Here are the most recent investments by TD Veen:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 07, 2025 | Norway | Seed | 7046 | [+2] | |
Jan 23, 2025 | Norway | Post IPO | 7859 | ||
Feb 28, 2024 | Norway | Seed | 3984 | ||
Jan 30, 2024 | Norway | Series B | 5787 | [+2] | |
Mar 28, 2023 | Germany | Seed | 7875 | [+10] |
IPOs and Publicly Listed companies in TD Veen's Portfolio
5 of TD Veen's portfolio companies have become public. Nykode Therapeutics got listed on the Oslo Stock Exchange (OSE), in Jun 2022 at marketcap of undefined and Proximar Seafood got listed on the Frankfurt Stock Exchange (FRA) at marketcap of undefined.Here are TD Veen's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 16, 2022 | - | - | 5822 | |
May 07, 2021 | Jan 21, 2021 | Series C | 2630 | |
May 07, 2021 | Jun 29, 2022 | Post IPO | 8605 | |
May 22, 2020 | - | - | 5166 | |
- | Jan 23, 2025 | Post IPO | 3058 |
Acquired companies in TD Veen's Portfolio
5 companies from TD Veen's portfolio have been acquired. The most recent acquisition was Atlas Metrics in Oct 2025 by Novata for $*****.Here are TD Veen's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 07, 2025 | Mar 28, 2023 | Seed | 1483 | |
Aug 05, 2024 | - | - | 5529 | |
Nov 02, 2023 | May 12, 2020 | Seed | 2124 | |
Oct 25, 2017 | - | - | 2059 | |
Dec 19, 2012 | - | - | 7562 |
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Team profile of TD Veen
TD Veen has a team of 7 members including 3 Partners and 1 Principal located in Norway. TD Veen's team sits on the board of 1 company.Here is a list of all team members in TD Veen:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Stavanger | - | ||
Partner | - | - | ||
Partner | Stavanger | |||
Principal | Oslo | - |
Co-investors of TD Veen
Over the past 11 years, 54 investors have co-invested in TD Veen's portfolio companies. This includes funds and angels.
- Invested before TD Veen: Europa, StartupLab and 10 others have invested in rounds before TD Veen. There are 3 companies where Europa has invested before TD Veen and 2 companies where StartupLab has invested before TD Veen.
- Top Co-investors of TD Veen: 36 investors entered a company along with TD Veen. These include investors like Patrick Pichette (4 companies).
- Invested after TD Veen: A total of 6 investors have invested in TD Veen's portfolio after their investments. Top Investors include Formic Ventures (1 company), Nysno (1 company) and Skeiegruppen (1 company).
Recent News related to TD Veen
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Norwegian Startup NoMy Raises €1.25 Million to Scale Sustainable Protein ProductionEU-Startups•May 26, 2025•EIT Food, NoMY, Farvatn, TD Veen and 1 other
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Norwegian Startup NoMy Gets €1.25M To Scale Its Sustainable Protein AlternativeStartup Rise EU•May 26, 2025•NoMY, nittenpaperpot.jp, TD Veen, EIT Food and 1 other
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Mobai Raises $2.8M in Seed Funding, Targets Cybercrime with Advanced Biometric TechBNN•Feb 29, 2024•Mobai, TD Veen, Protonic Partners, Google and 1 other
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Atlas Metrics has raised €5.2 million and is making the uncountable accountableTech.eu•Mar 28, 2023•Atlas Metrics, Cherry Ventures, b2venture, Global Founders Capital and 6 others
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Circular materials startup Made of Air raises seed roundBusinessGreen•Oct 22, 2021•Made of Air, TD Veen, Tuesday Capital
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London tech firm raises $6.3m funding to combat environmental impact of video streamingBdaily•May 06, 2021•iSize Technologies, Octopus Ventures, TD Veen
