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

• 2025investment
  Skyfall Ventures participated in Riff's (formerly Databutton) $16 million Series A, led by Northzone, alongside Maki.vc, Sondo Capital, Global Founders Capital, and Illusian. Total funding reached $21 million. linkedin.com
• 2025investment
  Skyfall Ventures participated in a funding round for Verda, a European cloud infrastructure company for frontier AI labs, led by Lifeline Ventures with byFounders and Varma also joining. linkedin.com
• Dec 2025investment
  Tracxn reports Skyfall Ventures has backed 46 portfolio companies in total, with 3 new investments in the prior 12 months. Most recent deal was a Seed round in Cybret AI. tracxn.com
• 2024press
  Finansavisen featured Managing Partner Espen Malmo in a weekend interview covering the firm's focus on AI, climate tech, and blockchain/web3 founders across the Nordics. no.linkedin.com
• 2023investment
  Skyfall Ventures made four new investments in 2023: We Are Learning, Optio Incentives, Deckmatch, and Fairsight. linkedin.com
• Nov 2023press
  Cecilie Skjong and Preben Songe-Møller represented Skyfall Ventures in London on November 22, alongside Oslo Business Region and Sandwater. no.linkedin.com
• Jan 2022fundraise
  Skyfall Ventures launched Fund II at NOK 250 million. linkedin.com
• Feb 2026fundraise
  Skyfall Ventures launched its third fund, referred to in Norwegian-language coverage as 'Fund III'. cbinsights.com
• Nov 2025investment
  WeWillWrite received a Seed VC investment from Skyfall Ventures on 5 November 2025, the firm's most recent recorded investment. cbinsights.com
• Nov 2025investment
  Portfolio company GamerPay exited on 10 November 2025, marking Skyfall's latest recorded portfolio exit. cbinsights.com
• Nov 2025press
  Norwegian EdTech portfolio company WeWillWrite was reported expanding into the U.S. market. cbinsights.com
• Dec 2025investment
  Skyfall participated in a Seed round for Cybret (also referenced as Cybret AI), its most recent disclosed deal per Tracxn data as of December 2025. tracxn.com

Notable investments

• Cybret AISeed2025tracxn.com
• Riff (formerly Databutton)Series A2025linkedin.com
• VerdaUndisclosed2025linkedin.com
• We Are LearningSeed2023linkedin.com
• Optio IncentivesSeed2023linkedin.com
• DeckmatchSeed2023linkedin.com
• FairsightSeed2023linkedin.com
• Databutton (now Riff)SeedSep 2023x.com
• WeWillWriteSeedNov 2025cbinsights.com
• ParahelpSeed2025pitchbook.com
• PreppioSeed2024tracxn.com
• NansenSeries A2022skyfall.vc

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
• https://www.linkedin.com/in/espenmalmo/
• https://www.linkedin.com/in/cecilie-skjong-6ab50757/
• https://www.linkedin.com/posts/skyfall-ventures_2023-has-been-an-eventful-year-for-us-at-activity-7147135634845974528-1BVX
• https://www.linkedin.com/posts/skyfall-ventures_2022-has-been-an-active-and-eventful-year-activity-7014911074827137024-yFa3?trk=public_profile_like_view

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