Alliance VC recently co-led the pre-seed round in Deckmatch as covered by TechCrunch, Tech Funding News and Shifter (🇳🇴). Last year we invested in the seed round of Ark Kapital. Both fit our long-term thesis of investing in applied AI and open finance, yet now addressing our own “home market” of startups, growth companies and venture capital. — The Alliance VC foundation At Alliance VC we take pride in our commitment to being a true partner to founders (see recent Medium story). As a partner-only firm, we are flatter and more equal than almost any other VC. An important principle is that founders deal directly with the responsible partner from first meeting…

1X, a company developing the world’s safest and most capable androids, recently announced a 23.5 MUSD Series A investment co-led by OpenAI Startup Fund and Tiger Global Management, as announced by 1X on Medium and covered by Shifter (🇳🇴) and Finansavisen (🇳🇴,$). We are excited to join an impressive syndicate of smart AI investors backing 1X on the mission to “safely deploy androids in the human world, augmenting labor globally.” We think that the company, originally out of Moss, Norway, is onto something really big.

Globus.ai, whose human-centric AI enables agencies and recruiters to match more candidates — faster & better, recently announced a 4.8 MUSD seed funding round co-led by Alliance Venture and Scale Capital. See press coverage from Tech Funding News and Finansavisen (🇳🇴,$). We are excited to back the vision and join the mission to “Give more people the opportunity to make a difference”. — Investment thesis: Serving talent & providing opportunity

Investment terms appear as a recurring discussion topic in the Nordic startup and VC community. I was recently invited to join a panel discussion hosted by the Norwegian Venture Capital Association to discuss terms in the Norwegian market, which served as a catalyst for sharing our perspective on terms generally with more details and context. — See also a video of the panel discussion (in Norwegian) at the end of the post.

Less than four months ago we announced co-leading the 2.5 MUSD pre-seed round in IndyKite and shared our excitement about the founder, team, opportunity, and fresh take on identity. IndyKite is now launching IndyKite.id, a decentralized and powerful identity platform, and announcing its 8 MUSD seed round led by Molten Ventures, as covered by tech.eu. Few things excite us more than start-ups making it happen fast ❤️💪🚀

IndyKite, the Identity Platform for Web 3.0, just came out of stealth and announced a 2.5 MUSD funding round co-led by Alliance Venture and SpeedInvest. See press coverage from Tech.eu and Finansavisen (in Norwegian). We are stoked to back Lasse Andresen and the IndyKite team on their mission to change the digital identity space — again! Here is why. — It’s all about the people Early-stage venture investing is all about partnering with great founders and teams to leverage their insight, energy and grit to beat the odds building something huge. Getting in on the ground floor of a startup with a successful and exceptional founder with unique domain expertise and a strong network is…

We are truly impressed by our fleet of startups navigating the COVID-19 crisis during H1 2020. Kudos and congratulations are deserved. — Follow-on investments all-time high H1 2020 ended up being an all-time high for follow-on investment in the Alliance Venture portfolio. Eight companies raised a total of 479 MNOK (approx. 50 MUSD). Six of the funding rounds have already been announced, Apexx Global, Shoreline, Aprila Bank, Boost.ai, Novelda and poLight, while two deals are not…

Today we launch Alliance Venture Delta, our latest fund, as well as our expansion into Sweden. — We are very happy and proud to be able to close a sizable early-stage venture fund in the midst of the COVID-19 outbreak. This will enable us to invest in a very challenging time for the startup ecosystem. And though this post is written while most of us are still…

Now is the time for investors to prove themselves as great long-term partners to entrepreneurs and that it’s not just a marketing gimmick — Market conditions during COVID-19 At the time of writing, we’re about a month into the severe COVID-19 outbreak in the West. In the first two weeks, there were lots of “business as usual” signs up, proving only partially accurate. It is now clear that the market has changed. As in past crises, the main…