Skyfall Ventures

Quick read

Skyfall Ventures is a seed-stage VC firm founded in 2016 (investing under the Skyfall umbrella since 2014), headquartered in Oslo, Norway. It backs Nordic tech startups with a sector-agnostic mandate, with particular focus on AI, energy tech, blockchain, robotics, and cybersecurity. With 56 investments across three funds, it reports a 31.5% average annual return over ten-plus years, placing both Fund I and Fund II in the top 10% of their global vintage cohorts.

Key facts

Founded

2016

Founders

Espen Malmo, Preben Songe-Møller

Employees

1-10

Sectors

generalist, ai, fintech, crypto

Website

www.skyfall.vc/

Investment thesis

Skyfall backs Nordic early-stage tech companies with a strong software component and at least one technical founder, writing seed checks across AI, energy tech, blockchain, robotics, and cybersecurity — with no hard sector constraints. The team brings operator experience from founding Oda/Kolonial.no and other Norwegian tech companies, and targets fund-returner outcomes in a small, concentrated portfolio.

Recent activity

• Feb 2026fundraise
  Skyfall launched its third fund, as reported by CBInsights/Norwegian press. cbinsights.com
• Jan 2026investment
  Participated in Riff's (formerly Databutton) $16M Series A led by Northzone, alongside Maki.vc, Sondo Capital, and Global Founders Capital. linkedin.com
• Dec 2025investment
  Invested in Cybret AI's seed round, the firm's most recent tracked deal per Tracxn. tracxn.com
• Nov 2025press
  Cecilie Skjong and Preben Songe-Møller represented Skyfall at a London event alongside Oslo Business Region and Sandwater. no.linkedin.com
• Oct 2025press
  Managing Partner Espen Malmo featured in Finansavisen, discussing Skyfall's focus on AI, climate tech, and blockchain/web3. no.linkedin.com
• Sep 2024investment
  Invested in Cardboard, announced via LinkedIn. linkedin.com
• 2023investment
  Made four new investments: We Are Learning, Optio Incentives, Deckmatch, and Fairsight. Portfolio companies Strise, Sloyd, and Pistachio all raised follow-on rounds from Atomico, a16z Games, and Signals VC respectively. no.linkedin.com

Notable investments

• Cybret AISeedDec 2025tracxn.com
• Riff (formerly Databutton)Series AJan 2026linkedin.com
• WeWillWriteSeed2025pitchbook.com
• ParahelpSeed2025pitchbook.com
• NansenSeries A2022skyfall.vc
• StriseFollow-on (Atomico led)2023no.linkedin.com
• SloydFollow-on (a16z Games led)2023no.linkedin.com
• DeckmatchSeed2023no.linkedin.com
• We Are LearningSeed2023no.linkedin.com
• PreppioSeed2024crunchbase.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Espen Malmo · Managing Partner & Co-founder
  LinkedIn
• Preben Songe-Møller · Co-founder
  LinkedIn
• Cecilie Skjong · Investment Manager
  LinkedIn
• Magne Uppman · Co-founder & Managing Partner
• Eivind Bergsmyr · Co-founder & Managing Partner

Sources

• Skyfall Ventures — Official Site
• Skyfall Ventures Team Page
• Skyfall Ventures Portfolio Page
• Skyfall Ventures LinkedIn
• Skyfall Ventures — Tracxn Profile
• Skyfall Ventures — Crunchbase
• Skyfall Ventures — CB Insights
• Skyfall Ventures — EU Startups
• Skyfall Ventures — Vestbee
• Skyfall Ventures — PitchBook

Other VCs in Norway

• Verdane Capital · Growth equity, Oslo·
• Idekapital · Early-stage VC, Oslo·
• Alliance Venture · Multi-stage VC, Oslo

Explore VCs by sector

• Generalist in Norway

Globally

• Generalist worldwide

Frequently asked