Magne Uppman of Andoya Ventures

Pro

Interview

October 22, 2026

More startup ‘mafias’ are coming in Norway, predicts VC

Though Oslo's tech scene trails its neighbour Stockholm, some local VCs see promise in physical AI

Anne Sraders

4 min read

Norwegian capital Oslo has long lived in the shadow of Stockholm’s tech ecosystem over the Swedish border, which boasts a heap of hyped-up unicorns. But some VCs believe Norway is poised to catch up.

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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