Skyfall Ventures
Norwegian early-stage venture capital firm headquartered in Oslo, founded in 2014, investing pre-seed and seed capital into Nordic technology startups across AI, energy, blockchain, robotics, and cybersecurity, with over NOK 1 billion ($100m) AUM across three funds.
- Company typePrivate
- Founded2014
- HeadquartersOslo, Norway
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Skyfall Ventures does
Skyfall Ventures is a Norwegian early-stage venture capital firm headquartered in Oslo, founded in 2014. The firm invests pre-seed and seed capital into Nordic technology startups, with a stated focus on companies exhibiting "explosive growth potential" in artificial intelligence, energy tech, blockchain, robotics, and cybersecurity. Skyfall operates a sector-agnostic mandate but concentrates geographically across the Nordics, sourcing deals through inbound founder outreach via its website (skyfall.vc) and direct email ([email protected]), supplemented by syndicate relationships with accelerators and co-investors including Y Combinator, Andreessen Horowitz, Northzone, Atomico, and StartupLab. The firm is led by three co-founders — Espen Malmo (Managing Partner), Jon Kåre Stene (Partner, ex-COO of Oda), and Preben Songe-Møller (Partner, serial founder) — together with Investment Manager Cecilie Skjong (ex-McKinsey, ex-Aize).
The firm manages three consecutive funds, with Fund III launched in 2025 at a NOK 400 million ($40 million) target, bringing cumulative assets under management past NOK 1 billion ($100 million). Skyfall reports a 31.5% average annual return over more than a decade of investing, and both Fund I (2020 vintage) and Fund II (2022 vintage) rank in the top 10% of venture funds globally within their respective vintages per Carta benchmarks. The portfolio exceeds 50 companies with five completed exits: Oda (sold to SoftBank, Norway's first unicorn), Otovo (IPO on Oslo Stock Exchange), Tise (acquired by eBay), Nabobil (acquired by GetAround), and Alva. Fund III is designed to invest in 20–30 companies.
Skyfall's revenue is generated through traditional VC fund management economics — recurring management fees on committed and invested capital across its fund vehicles, plus carried interest on realized exits. The firm does not charge portfolio companies for investment and does not sell products or services of its own. As a small (1–10 employees), founder-led operation, Skyfall combines early-stage capital with hands-on operational support across hiring, fundraising, go-to-market strategy, and follow-on syndication, leveraging the operators' direct experience scaling companies such as Oda to 500+ employees.
Skyfall Ventures firmographics
Firmographics- Name
- Skyfall Ventures
- Legal name
- Skyfall Ventures AS
- Website
- https://skyfall.vc
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Norwegian early-stage venture capital firm headquartered in Oslo, founded in 2014, investing pre-seed and seed capital into Nordic technology startups across AI, energy, blockchain, robotics, and cybersecurity, with over NOK 1 billion ($100m) AUM across three funds.
- Ownership category
- akta.pro rank
Skyfall Ventures industry classification
Industry- Product category
- Early-Stage Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Skyfall Ventures is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Skyfall Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management: Skyfall Ventures generates revenue through traditional VC fund management structures, including management fees and carried interest from successful portfolio exits.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Skyfall Ventures product offering
Product offeringCore offering
Skyfall Ventures is a Norwegian early-stage venture capital firm that deploys pre-seed and seed capital into Nordic technology startups across AI, energy tech, blockchain, robotics, and cybersecurity. The firm manages multiple funds (Fund III launched in 2025 with a NOK 400 million / $40m target, bringing total AUM above NOK 1 billion / $100m) and supports founders with hands-on operational expertise drawn from its partners' experience scaling companies such as Oda (Norway's first unicorn). To date, Skyfall has invested in 50+ companies and completed five exits including Oda (sold to SoftBank), Otovo (IPO), and Tise (acquired by eBay).
Product overview
Skyfall Ventures is a Norwegian early-stage venture capital firm focused on pre-seed and seed investments in Nordic technology startups. As a VC firm, Skyfall does not develop or sell its own products or services. The firm manages multiple funds (Fund III as of 2025) totaling over NOK 1 billion ($100m) in assets under management and has invested in over 50 companies across various sectors including artificial intelligence, energy tech, blockchain, robotics, and cybersecurity. Skyfall's portfolio includes companies such as Riff (AI-powered app building), Parahelp (AI customer support), Enode (energy API infrastructure), Firi (cryptocurrency exchange), Starflow (energy management), Take Take Take (chess platform), Cybret AI (cybersecurity), and others.
Differentiator
Problem solved
Functional benefit
Companies that use Skyfall Ventures
Customer profileSegments1 record
Ideal customer profiles1 record
Skyfall Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Skyfall Ventures partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights5 records
Skyfall Ventures competitors and assessment
Company assessmentDirect peers
- Maki.vc: Founder-led Nordic VC firm investing pre-seed and seed. Direct competitor in Nordic seed-stage deals: co-invested with Skyfall in Riff and Strise, indicating active overlap on the same opportunities.
- Northzone: Pan-Nordic early- and growth-stage VC firm investing in tech startups across the region. Directly comparable to Skyfall: same geography, overlapping portfolio (co-invested in Riff), and similar Nordic tech thesis, though Northzone operates at much larger fund sizes.
- Creandum: Leading Nordic VC firm investing from seed to growth stage in tech companies. Highly comparable to Skyfall: same geography, co-investor in Enode, and similar founder-support approach in the Nordic seed ecosystem.
- Seedcamp: European seed-stage VC firm investing from pre-seed to Series A across Europe. Comparable in stage and check size to Skyfall, though Seedcamp is broader-geography (pan-European vs Skyfall's Nordic focus) and operates from London.
- LocalGlobe: UK-based seed-stage VC firm investing from pre-seed to Series A. Directly comparable model: small fund, founder-led pre-seed/seed investing with strong co-investor network. Operates UK-first but often crosses into European opportunities overlapping with Skyfall's Nordic domain.
- Snö Ventures: Nordic-anchored early-stage VC firm. Co-invested with Skyfall in Take Take Take and Spring. Direct peer: similar Nordic seed-stage mandate and size class, competing for the same early rounds in the same geography.
Broad incumbents
- Atomico: European technology venture firm founded by Skype co-founder Niklas Zennström. Co-invested with Skyfall in Strise and Orca. Larger fund sizes and broader European mandate make Atomico a broader incumbent serving the same Nordic/European seed-to-growth opportunity set.
- EQT Ventures: European venture arm of EQT, investing across all stages in tech companies. Co-invested with Skyfall in Vev. Larger and broader incumbent competing in the same Nordic/European opportunity set at later stages.
- Antler: Global early-stage VC and accelerator with strong Nordic presence. Co-invested with Skyfall in Sloyd and Stendr. Comparable in stage (pre-seed/seed) and Nordic exposure, but Antler is broader-geography and operates its own founder-residency program.
Regional players
- Schibsted Ventures: Corporate venture arm of Nordic media giant Schibsted, investing in Nordic tech. Co-invested with Skyfall in Firi and Nomono. Highly comparable Nordic thesis; functions as a regional investor with strategic ties to Schibsted's marketplace portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Skyfall Ventures social profiles
Digital presenceSkyfall Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Skyfall Ventures leadership team
Management profileNumber of profiles
Profiles4 records
Skyfall Ventures funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Skyfall Ventures M&A and investment
M&A and investmentM&A
Investments59 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Skyfall Ventures
What does Skyfall Ventures do?
Skyfall Ventures is a Norwegian early-stage venture capital firm that deploys pre-seed and seed capital into Nordic technology startups across AI, energy tech, blockchain, robotics, and cybersecurity. The firm manages multiple funds (Fund III launched in 2025 with a NOK 400 million / $40m target, bringing total AUM above NOK 1 billion / $100m) and supports founders with hands-on operational expertise drawn from its partners' experience scaling companies such as Oda (Norway's first unicorn). To date, Skyfall has invested in 50+ companies and completed five exits including Oda (sold to SoftBank), Otovo (IPO), and Tise (acquired by eBay).
Is Skyfall Ventures a public or private company?
Skyfall Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Skyfall Ventures founded?
Skyfall Ventures was founded in 2014. It employs 1 to 10 people.
Where is Skyfall Ventures based?
Skyfall Ventures is headquartered in Oslo, Norway, in the Europe region.
How does Skyfall Ventures make money?
One revenue line is on record: fund Management.
Who are Skyfall Ventures's main competitors?
Direct peers on record are Maki.vc, Northzone, Creandum, Seedcamp, LocalGlobe and Snö Ventures. Broad incumbents are Atomico, EQT Ventures and Antler. Schibsted Ventures is listed as a regional player.
Does Skyfall Ventures have an API?
No public API is recorded for Skyfall Ventures.
What industry is Skyfall Ventures in?
Skyfall Ventures's product category is Early-Stage Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 52394 and its SIC code is 6282.