Momentum III

Norway
Seed
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About Momentum III

Momentum III is a venture capital firm based in Norway, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionNorway
Funding StageSeed
Industry Focus
Ai Ml
Climate Sustainability
Saas

Investor Signals Profile

active

Sweet Spot

Seed-stage climate founders in ocean, agri, or renewables

climate & sustainability
ocean industries
agriculture
renewables
industrial heat & energy storage

Bullish Signals

18 portfolio cos, 3 fundsexternal
850M NOK AUMexternal
Multiple exits incl. Spacemakerexternal
Hands-on beyond boardroom supportexternal
New bet: industrial heat storage (sand)linkedin
Co-invests with Voima, Superhero, 2Clinkedin
Active cross-border deals (Finland)linkedin
TheStorage €3.6m seed — confirmed checklinkedin
Backing deep energy flexibility playslinkedin

Contrarian Signals

Norway-focused, limited global reachexternal
Narrow sector thesis — climate onlyexternal

Founder Do's

Come with bold, scalable vision
Show strong team dynamics
Sustainability at core of business
Expect active board & daily support
Align on mutual trust & honesty

Founder Don'ts

Don't hide agendas — straight talk only
Don't expect passive capital only
Don't pitch outside climate/sustainability focus

Key GPs & Partners

AJF
Arve Janbu Fresvik
Managing Partner
hands-onboard-activeoperator
HSP
Hilde Støle Pettersen
Managing Partner
hands-onaligned-incentivesstraight-talk
SOL
Svein Ove Langeland
Managing Partner
experiencedoperatorboard-member
CM
Christian Møgster
Investment Director
analyticaldeal-focused

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Fund Overview

Fund Size€25M
Saves0

Key People

Hilde Støle Ettersen

Arve Janbu FresvikManaging Partner
Hilde Støle PettersenManaging Partner
Svein Ove LangelandManaging Partner
Christian MøgsterInvestment Director

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