News

August 25, 2025

Peter Thiel-backed Norwegian VC SNÖ Ventures shuts down

The VC launched its most recent fund in 2021; its partners will launch their own funds

Anne Sraders and Mimi Billing

2 min read

Oslo-based SNÖ Ventures is winding down, and its three partners will continue investing as solo GPs. The firm, which is backed by German-American billionaire Peter Thiel, most recently launched a target $100m fund in 2021 to back Nordic tech companies.

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Anne Sraders

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

Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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