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Alliance VC is a Nordic venture capital firm founded in 2001 and headquartered in Oslo, Norway. The firm has established a strong presence across the Nordic region, with additional offices in Stockholm, Sweden; Helsinki, Finland; and Copenhagen, Denmark. Alliance VC focuses on investing in early-stage technology companies that demonstrate exceptional potential and a commitment to sustainability. The firm has a team of experienced venture capitalists and operators who have contributed to the creation of billion-dollar companies.
As of now, Alliance VC manages a fund size of $44 million and has a portfolio of six companies. The firm is actively fundraising for its third fund, Alliance Nordic III, which has a first close at EUR 40 million and is targeting a total of EUR 100 million. Alliance VC's limited partners include Saminvest, KLP, Investinor, Smedvig, and Telenor. The firm has a long-standing commitment to responsible investment practices, aiming to create long-term value while integrating environmental, social, and governance (ESG) factors into its investment decisions.
Alliance VC invests in early-stage technology companies across various sectors, including AI, climate, fintech, healthcare, and SaaS. The firm targets seed, seed-plus, and Series A stages, with initial check sizes ranging from EUR 300,000 to EUR 3 million. Alliance VC emphasizes sustainability and social impact, seeking to support entrepreneurs who align with the United Nations' Sustainable Development Goals. The firm aims to back 25-30 companies per fund cycle, focusing on Nordic founders with global ambitions.
Alliance VC's investment strategy is centered on identifying companies that address real-world problems and contribute positively to environmental and social sustainability. The firm integrates ESG factors into its investment decisions, ensuring that the companies it supports are committed to making a net positive impact. This focus on responsible investment practices distinguishes Alliance VC in the competitive venture capital landscape.
Alliance VC's portfolio includes notable companies that reflect its commitment to sustainability and innovation:
These companies exemplify Alliance VC's focus on early-stage technology investments that prioritize sustainability and social impact.
Johan Gjesdahl: Managing Partner with extensive experience in venture capital and a track record of successful investments in technology companies.
Stine Mølgaard Sørensen: Partner who brings expertise in scaling early-stage companies and a strong focus on sustainability.
Anders Hallin: Partner based in Stockholm, known for his work with innovative startups in the Nordic region.
Bente Loe: Partner with a background in operational management and investment strategy.
Arne Tonning: Partner who specializes in technology investments and has a strong network in the Nordic startup ecosystem.
Henrik Torstensson: Partner with experience in venture capital and a focus on supporting founders in achieving their growth objectives.
Nea Piha: Investor Relations Manager responsible for managing relationships with limited partners and stakeholders.
Jan-Erik Hareid: Founder & Chairman with a long history in venture capital and a commitment to responsible investment practices.
To pitch to Alliance VC, founders should use the submission form available on their website at this link or send an email to hello@alliance.vc. The pitch deck should include a clear overview of the business model, market opportunity, and sustainability initiatives. Founders can expect a response within a reasonable timeframe, although specific timelines may vary based on the volume of submissions.
In 2025, Alliance VC announced the first close of its third fund, Alliance Nordic III, at EUR 40 million, targeting a total of EUR 100 million. This fund aims to back early-stage technology companies in the Nordic region.
In September 2023, Alliance VC expanded its team by adding a partner in Denmark, further strengthening its presence in the Nordic venture capital landscape.
Alliance VC has been actively investing in early-stage tech companies, particularly those that contribute positively to sustainability and social impact, reflecting its commitment to responsible investment practices.
What are Alliance VC's investment criteria?
Alliance VC invests in early-stage technology companies across sectors such as AI, climate, fintech, healthcare, and SaaS. The firm focuses on companies that demonstrate a commitment to sustainability and social impact, aligning with the United Nations' Sustainable Development Goals.
How can I apply or pitch to Alliance VC?
Founders can submit their pitch through the Alliance VC website at this link or via email at hello@alliance.vc. The firm encourages entrepreneurs to present their business models and sustainability initiatives clearly.
What makes Alliance VC different from other venture capital firms?
Alliance VC distinguishes itself through its strong emphasis on sustainability and social impact. The firm integrates ESG factors into its investment decisions and actively seeks to partner with founders who share similar values.
What is the geographic scope of Alliance VC's investments?
Alliance VC primarily invests in the Nordic region, including Norway, Sweden, Finland, and Denmark. The firm targets Nordic founders with global ambitions.
What is the typical fund size and check size for investments?
Alliance VC currently manages a fund size of $44 million, with initial check sizes ranging from EUR 300,000 to EUR 3 million for early-stage investments.
What kind of post-investment involvement can portfolio companies expect?
Alliance VC provides strategic guidance and leverages its extensive network across the Nordic region to support portfolio companies. The firm is committed to helping companies scale while achieving positive social and environmental impacts.
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