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Skyfall Ventures

Oslo, Norway · Invests in Europe · Website

Pre-SeedSeedE-commerce & MarketplacesB2B SaaSAI & Machine LearningDeveloper ToolsCybersecurityFintechDeveloper Tools & InfrastructureEnterprise SoftwareClimate & Clean EnergySecurity & CybersecurityFintech & PaymentsRobotics & Automation

Thesis

AI represents a fundamental platform shift, reshaping how companies build products, scale and compete. Reduced innovation costs and advanced tooling enable small Nordic teams to challenge incumbents rapidly. Back founders who believe in paradigm-shifting breakthroughs requiring tectonic shifts in technology or market dynamics. Focus on Nordic early-stage companies with strong software components and at least one technical co-founder.

Likely not a fit for

No non-Nordic companies, no pure hardware without software, no teams without at least one technical founder, no non-software-enabled business models

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$100M
Decision process
Partnership vote

Partners & team

4 contacts on file

EM

Espen Malmo

General PartnerManaging Partner & Co-founder · Primary contact

+ Pitch

e•••@sk•••.vc

LinkedIn profile

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PS

Preben Songe-Møller

General PartnerPartner & Co-founder

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p•••@sk•••.vc

LinkedIn profile

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JK

Jon Kåre Stene

General PartnerPartner & Co-founder

+ Pitch

j•••@sk•••.vc

LinkedIn profile

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CS

Cecilie Skjong

InvestorInvestment Manager

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c•••@sk•••.vc

LinkedIn profile

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Portfolio

OdaEcommerce Marketplaces

Oda is Norway's leading online grocery store, offering a wide range of high-quality, affordable groceries and fresh produce delivered directly to customers' doorsteps. The company focuses on sustainability and efficiency in its retail operations.

OtovoClimate Clean Energy

Otovo is a Norway-based solar technology and sales platform focused on the residential market in Europe. The company enables homeowners to get tailor-made, instant quotes for solar panels on their roofs, while hosting a marketplace with hundreds of installers who algorithmically bid for the projects generated.

NybyHealthcare Digital

Nyby is a technology and innovation company that helps municipalities, hospitals, and large organizations identify and utilize the potential in connecting staffing and social exclusion. They focus on task-based collaborative networks.

Nabobil
Strise
VevEnterprise Software

Vev is a no-code platform designed for creating interactive content, enabling teams to design, build, and publish engaging experiences without the need for coding.

TiseEcommerce Marketplaces

Tise is a platform that facilitates the buying and selling of secondhand fashion items, promoting sustainability through reuse. It allows users to create listings for items they no longer need and browse a variety of secondhand products.

PreppEnterprise Software

Experience-driven employee onboarding with a science-driven approach to attract, engage, and retain employees.

FiriFintech Payments

Firi is the largest cryptocurrency exchange in the Nordics, providing a platform for buying, selling, staking, and saving cryptocurrencies like Bitcoin, Ethereum, and Cardano. Founded in 2017, Firi aims to make crypto investing easy and safe for Nordic customers.

NansenEnterprise Software

Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with real-time dashboards and alerts.

NomonoMedia Entertainment

Nomono provides an all-in-one bundle for high-quality podcast and audio content production, featuring one-click recording, intuitive editing software with AI enhancements, and the ability to record object-based spatial audio.

OrcaFintech Payments

Orca is a decentralized exchange (DEX) on the Solana blockchain that allows users to provide liquidity and earn trading fees. It features concentrated liquidity pools and offers tools for managing positions and optimizing returns.

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Research briefRead more
Skyfall Ventures Research Investment Thesis Skyfall Ventures is an Oslo-based early-stage venture capital firm founded in 2016, with an investing history stretching back to 2014. The firm's core thesis centers on backing founders who believe in paradigm-shifting breakthroughs — the kind that require tectonic shifts in market dynamics, technology, or customer behavior. As co-founder Espen Malmo has

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