Momentum is a Bergen-based venture fund that bans investment in fossil fuels and other carbon-intensive industries, has the European Investment Fund as a cornerstone investor putting €25M into its roughly €51M third fund, and commits to invest at least twice the amount it draws from EIF's Blue Economy mandate into ocean-related companies. The fund ties its mission to helping shift Norway's economy away from oil, backs climate adaptation projects like flood-prediction technology alongside clean energy and food systems work, and its partners describe early-stage investing as building trust with founders rather than just analyzing spreadsheets.