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 VC industry and deeptech startups. 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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