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Alliance VC is an early-stage venture capital firm based in Oslo, Norway, with an additional office in Stockholm, Sweden, that invests in Nordic technology startups at the pre-seed, seed, and Series A stages. The firm primarily targets scalable businesses operating within the business-to-business software, consumer internet, and deep technology sectors across the broader pan-Nordic region. Operating with a dedicated team of 18 employees, the firm manages multiple investment vehicles, including its fourth fund, Alliance Venture Delta, which closed at approximately €100 million in December 2021. Led by key partners such as Johan Gjesdahl, Arne Tonning, and Henrik Torstensson, the firm provides capital and strategic support to a diverse portfolio of technology companies, including notable investments in Oda, Sanity, Xeneta, and Superset. Alliance VC was originally founded as Alliance Venture in 2001 by Erling Maartmann-Moe and Bjørn Stray.
Key people at Alliance VC.
Alliance VC is headquartered in Stockholm, Sweden, from where it conducts its investment operations.
The firm supports exceptional early-stage tech companies and purpose-driven founders within the Nordic region.
Alliance VC has 1 tracked investment across 1 company. The latest tracked deal is $14.2M Series A in Bits Technology in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 2, 2026 | Bits Technology | $14.2M Series A | Alstin Capital | Cherry Ventures, Haval VAN Drumpt, Unusual Ventures, Alliance Ventures |
Key people at Alliance VC.
Alliance VC is a Nordic venture capital firm established in 2001, focusing on investments in early-stage technology companies. The firm targets Nordic founders who are developing B2B software and deep tech solutions. Its investment strategy is centered on supporting exceptional early-stage tech companies and purpose-driven founders within the region.
The firm's operational base is located in Stockholm, Sweden. From this headquarters, Alliance VC manages its investment activities and engages with the Nordic startup ecosystem. The company maintains an active portfolio, reflecting its ongoing commitment to fostering innovation and growth in the technology sector.
Alliance VC's portfolio includes a range of companies across various technology domains. The firm aims to provide capital and support to its portfolio companies as they scale their operations and expand their market reach. Its investment approach emphasizes long-term partnerships with the founders it backs.
With a history dating back to the early 2000s, Alliance VC has developed an understanding of the Nordic tech landscape. The firm continues to identify and invest in promising ventures that align with its focus areas of B2B software and deep technology. This sustained activity contributes to the development of new technologies and business models in the region.
As an investment firm, Alliance VC plays a role in the venture capital ecosystem by providing crucial early-stage funding. Its focus on specific technological areas and geographic regions allows it to develop specialized expertise. The firm's commitment to purpose-driven founders underscores its broader impact goals beyond financial returns.
Alliance VC is headquartered in Stockholm, Sweden, from where it conducts its investment operations.
The firm supports exceptional early-stage tech companies and purpose-driven founders within the Nordic region.
