RunwayVC

Profile

RunwayVC is a venture capital firm specializing in industrial technology, headquartered in Fornebu, Norway. Founded by industry veterans, the firm is recognized for its unique integration of a tech hub and investment arm. The team comprises Managing Partner and Co-Founder Tor Bækkelund, Senior Partner and CTO Sagar Chandna, Associate Partner Peder Hjermann, Investment Director Hanna Selvaag Wangsmo, and CFO Anders W. Botten. RunwayVC is distinguished by its close ties to industrial partners and the physical assets access it provides.

RunwayVC invests from pre-seed to Series A stages, focusing on sectors such as industrial AI, robotics, automation, and autonomous systems. Check sizes range from €0.5 to €2 million (approximately NOK 5-10 million). The primary geographic emphasis is on Norway and the Nordics, with selective investments in broader Europe and the US. The firm manages €75 million across Fund I and II, with notable strategic LPs including Aker, Halliburton, and KLP, among others.

Among its portfolio, notable investments include Minerva Humanoids - humanoid robotics, Hive - autonomous retrofit systems, WSense - underwater communication infrastructure, and Muybridge - 3D sports broadcasting technology. The firm's portfolio reflects its strong focus on industrial applications and close collaboration with industrial partners, providing its companies with rare opportunities for on-the-ground testing in real environments.