Arkwright X

Arkwright X is a venture capital and incubation firm established in 2017 and located in Oslo, Norway. The firm specializes in investing in pre-seed and seed-stage startups, primarily focusing on B2B technology companies in the Nordic region. Arkwright X aims to support exceptional founders by leveraging its venture experience and management consulting expertise. The firm typically makes equity investments ranging from approximately $0.06 million to $0.13 million, with a willingness to participate in later funding rounds.

Kristian Naess

Investment Manager

Nicolai Smith

Partner

Torunn Ølnes

Investment Manager

Past deals in Nordic Europe

Kvist Solutions

Seed Round in 2025
Kvist Solutions specializes in developing software for simplifying BREEAM certification processes. Its platform provides a comprehensive overview of projects, facilitating clearer paths to sustainability certification. Based in Oslo, Norway, with 15 employees, the company empowers users to make sustainable choices through its tools.

Ignite

Series A in 2023
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Ignite

Series A in 2022
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Ignite

Series A in 2021
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Ignite

Seed Round in 2019
Ignite Procurement AS is a Norwegian SaaS company established in 2016 and headquartered in Oslo. The company specializes in developing digital solutions for strategic procurement, particularly through its flagship product, Ignite. This spend management solution enables users to transform transactional data into actionable insights, facilitating informed decision-making and the implementation of effective procurement strategies. Ignite's platform provides clarity in procurement and finance, assisting business leaders in conducting responsible sourcing and supplier assessments. By offering a comprehensive overview of suppliers and spending, Ignite helps organizations reduce risk, save costs, and promote positive change within their businesses and the wider community.

Vilect AI

Pre Seed Round in 2019
Vilect AS is a company based in Oslo, Norway, that specializes in developing an artificial intelligence-based recruitment platform. This platform is designed to assist in hiring service employees for various sectors, including retail, restaurants, and events. Vilect's solution enables recruiters to conduct asymmetrical video interviews and automates various phases of the recruitment process, thereby streamlining hiring. The platform allows hiring managers to identify the most suitable candidates by evaluating their fit, personality, drive, and motivation through integrated video interviews. By facilitating a more efficient recruitment process, Vilect helps organizations save time and resources while ensuring that they select the right candidates for their needs. Established in 2016, Vilect continues to innovate in the recruitment technology space.

Imerso

Venture Round in 2017
Imerso is a computer-vision company transforming the global construction industry by creating intelligent digital twins of building sites. It works with major players in architecture, engineering, construction, and energy sectors in the Nordics, supporting their most ambitious projects.

Vilect AI

Pre Seed Round in 2017
Vilect AS is a company based in Oslo, Norway, that specializes in developing an artificial intelligence-based recruitment platform. This platform is designed to assist in hiring service employees for various sectors, including retail, restaurants, and events. Vilect's solution enables recruiters to conduct asymmetrical video interviews and automates various phases of the recruitment process, thereby streamlining hiring. The platform allows hiring managers to identify the most suitable candidates by evaluating their fit, personality, drive, and motivation through integrated video interviews. By facilitating a more efficient recruitment process, Vilect helps organizations save time and resources while ensuring that they select the right candidates for their needs. Established in 2016, Vilect continues to innovate in the recruitment technology space.
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