Investing in founders shaping industry.

Industrial tech VC  ·  Pre-seed to Series A  ·  Norway to Europe

Capital, competence and connections. From inside industry

€75M

AUM

2

Funds

€0.5–2M

First investment

25+

Portfolio companies

Pre-seedSeries A

Stage

NorwayNordicsEurope

Geography

From the portfolio

See full portfolio ↗
Minerva Humanoids

Minerva Humanoids

Fund II

Humanoid robotics for hazardous work humans shouldn’t do.

Minerva Humanoids

Sandor Felber and Maurice Rahme

Co-founders

What & why now

A teleoperated humanoid that pulls people out of hazardous work (bomb disposal, live O&G, CBRNE) while keeping their hands and judgment on the task. Humanoids have just crossed into industrial viability, and haz-ops buyers pay for safety long before full autonomy.

Why us

We got into a closed, GC-led round through our own industrial network. Our O&G access let us see the real gate (ATEX certification) that a generalist would have missed behind the demo.

How we help

From day one we open doors toward a live POC at Aker BP’s Robot Garden and work with Cognite and other industrials. A marker that industrial robots are moving from inspection to real manipulation.

Hive

Hive

Fund II

A silicon brain making physical work as scalable as software.

Hive

Christoffer Jørgenvåg

Co-Founder and CEO

What & why now

A silicon brain retrofitted onto existing machines (loaders, forklifts, cranes) so they run themselves. Autonomy shifts from a capex decision into a labour-line one. Already live across Scandinavia with customers queuing.

Why us

We came to it late, but physical AI on real industrial assets is our core thesis. Our heavy-industry lens read the real pull (signed contracts, OEM interest, operator demand) behind the demo. Alongside SuperSeed, Veriten, Skyfall and Nysnø.

How we help

From day one we open doors across our industrial network and into our physical-AI portfolio. A sign physical labour is shifting from owned-and-staffed to bought by the hour.

WSense

WSense

Fund I

Connecting the last unconnected frontier: the ocean.

WSense

Chiara Petrioli

CEO and Founder

Building

The communication layer for the underwater world, connecting sensors, robots and subsea infrastructure where conventional wireless networks cannot reach.

Why Runway

Runway helped us turn access to Norwegian industry into real customer relationships, and stayed close as we scaled internationally.

The future

The ocean will become one of the most connected and instrumented environments on Earth. We are building the layer that lets it communicate.

Muybridge

Muybridge

Fund I

The future of sports broadcasting is spatial.

Muybridge

Håkon Espeland and Anders Tomren

Co-founders

Building

A new way to capture live sports in 3D, turning the action into a spatial experience that can be viewed from virtually any angle.

Why Runway

Runway backed the vision early and helped us open doors to partners who could test, validate and deploy the technology at scale.

The future

The camera angle disappears as a limitation. Every fan can experience the moment from the perspective they choose.

Who we look for

You know the problem from the inside.

You build for markets worth billions.

You move faster than the industry you target.

Deep domain knowledge and the ambition to build something that matters at global scale. Pre-seed to Series A, across the industrial technology stack.

Pitch us your company

Part of the RunwayFBU family

The RunwayFBU team with a Boston Dynamics Spot robot on the staircase at Fornebu

RunwayVC sits inside a wider ecosystem. RunwayFBU runs the Tech Hub with 60+ industrial tech companies, an incubator, Tech Hub memberships and the AI and Robotics Lab.

Visit RunwayFBU

Building industry next?

If your work belongs in the next generation of industrial technology, we want to hear from you.