Arne Tonning came to venture capital after working as a research scientist and management consultant, holding electrical engineering degrees from Georgia Tech and an MBA from Heriot-Watt, and spent five years as Investor in Residence at Nordic Innovation House in Silicon Valley helping Nordic startups expand into the US. He writes and invests around specific frontier technologies like humanoid robotics, legal AI, and AI's role in improving how startups raise money, backing companies like DeckMatch and Ark Kapital, and he co-hosts the Valley Nordic podcast where he discusses how he evaluates startups.
About their Fund
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AI, SaaS, Climate, Fintech, Enterprise
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Alliance VC is a Nordic early-stage venture fund with partners who have hands-on founder and operator experience at companies like Skype, Kry, Saltside, Telenor, Spotify, Lifesum, and Radiobotics, and the fund operates from bases in Oslo, Stockholm, Helsinki, and Copenhagen while focusing on AI-native startups. The firm has backed notable Nordic companies such as Superside, Sanity, Xeneta, Gilion, and 1X, and partner Arne Tonning specifically helps portfolio companies with US market expansion and international deal syndication.
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Deeptech / Hardware
Robotics
Biotech
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12
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Unknown
Pre-Seed - Seed
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$400K - $2M
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Defense
Deeptech / Hardware
Energy
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7
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Unknown
Pre-Seed - Series A
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$100K - $5M
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Defense
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7
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Pre-Seed - Series A
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$100K - $5M
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Biotech
Health
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Seed
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$250K - $2M
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Climate
Deeptech / Hardware
Materials
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4
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Pre-Seed - Seed
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$400K - $1.5M
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Deeptech / Hardware
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7
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Pre-Seed - Seed
Unknown
$400K - $2M
Unknown
Deeptech / Hardware
Robotics
Biotech
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2
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Unknown
Pre-Seed - Seed
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~$750K
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Fintech
Deeptech / Hardware
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2
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Unknown
Pre-Seed - Series A
Unknown
$250K-$1M
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