Best Waste & Water Management Companies in Norway
The 91 best Waste & Water Management companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Alginor.
Ninety-one Waste & Water Management companies in Norway, ranked by disclosed equity funding and recent momentum, is what you're looking at here. Total disclosed funding across the directory sits at $101M, with no unicorns yet, which tells you something about where this sector is in its maturity curve. The market's growing at roughly 5.8% CAGR, driven by water scarcity pressures, desalination expansion, and urban drainage modernization that Norway's municipalities can't keep deferring.
The funding concentration is real. Alginor leads at $38M, followed by Aqualyng at $31M and ECOsubsea and M Vest Water both at $12M. So four companies account for the bulk of that $101M pool, while names like Ocean Oasis ($6M) and Wastefront ($2M) are still in earlier innings. I'd watch the coverage trends closely here: flood stage forecasting, hydrologic risk modeling, and safe water initiatives are the themes attracting capital and attention right now. Europa, the EIC Fund, and Reiten & Co are among the most active backers in this directory. What that investor mix signals, honestly, is that institutional and EU-backed money sees Norway's water infrastructure gap as a long-duration opportunity, not a short trade.
- prnewswire.com
Our analysis of 100 Waste & Water Management companies
$3.6b in tracked funding; 67% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Waste & Water Management companies in Norway
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Alginor Provider of water management services | $38M | 24 mo ago | Seed | Thorleif Thormodsen Co-CEO | 2014 | WordPress Block EditorWordPressMySQL+27 | — | — |
| 2 | Aqualyng Developer of desalination solutions | $31M | 165 mo ago | Late Stage | — | 1989 | — | 9 patents Advanced fluid circuit geometry and high-efficiency heat exchangers for desalination and brine treatment | 1 job opening |
| 3 | M Vest Water Provider of water treatment services | $12M | 61 mo ago | Series B | Stein Giljarhus Chief Executive Officer | 2017 | — | 67 patents Oil spill cleanup and liquid impurity removal using specialized absorbent compositions. | — |
| 4 | ECOsubsea Provider of underwater hull cleaning and inspection services for vessel operators | $12M | 32 mo ago | Series B | Klaus Ostervold Co-Founder & CTO | 2008 | Cart FunctionalitySquarespace CommerceSquarespace+28 | 24 patents Patents concentrated in transport & manufacturing processes | — |
| 5 | Ocean Oasis Provider of water management services | $6M | 39 mo ago | Seed | Kristine Bangstad Fredriksen Co-founder & CEO | 2020 | — | 2 patents Fluid handling equipment for water treatment and processing systems | — |
| 6 | Wastefront Provider of tires recycling services | $2M | 16 mo ago | Seed | Inge Berge Co-Founder | 2019 | WordPressMySQLPHP+18 | 14 patents Upgrading tire pyrolysis outputs: carbon black surface functionalization and oil desulfurization. | — |
| 7 | GRIN Provider of waste management services | $676K | 44 mo ago | Funding Raised | Daniel Millet Co-Founder | 2018 | — | 6 patents Automated reverse vending machines for recyclable container collection and processing | — |
| 8 | vow Provider of waste management services | — | 63 mo ago | Public | — | 1993 | WordPressMySQLPHP+15 | — | 1 partnership |
Top 12 Waste & Water Management companies in Norway
#1
Seed · Haugesund, Rogaland · founded 2014 · 32 employees$37.6Mraised▾
Provider of water management services
- Jun 2024Seed$37.6M
- Oct 2022Grant (prize money)$514.2K
- Nov 2020Grant (prize money)$2.6M
- Sep 2018Grant (prize money)$2.4M
#2
Seed · Oslo, Oslo · founded 2019 · 9 employees$2Mraised▾
Provider of tires recycling services
- Jan 2025Seed—
- Nov 2022Grant (prize money)$2M
#3
Series B · Storebo, Vestland · founded 2008 · 17 employees$12Mraised▾
Provider of underwater hull cleaning and inspection services for vessel operators. They offer solutions for maintaining vessel hulls, focusing on efficiency and environmental responsibility. The company’s services include cleaning and removing fouling from ships. They utilize specialized equipment and techniques to minimize impact on marine ecosystems. The company aims to optimize vessel performance and reduce fuel consumption through its offerings.
- Oct 2023Series B$12M
#4
Seed · Oslo, Oslo · founded 2020 · 5 employees$5.6Mraised▾
Provider of water management services
- Mar 2023Seed—
- Aug 2022Grant (prize money)$2.7M
- Jan 2022Grant (prize money)$2.9M
#5
Series B · Bergen, Vestland · founded 2017 · 13 employees$12.1Mraised▾
M Vest Water AS is an environmental technology company that has developed unique products and solutions for the water treatment industry, both in Industrial as well as Municipal markets. It is engaged in providing products and equipment utilized for the treatment and purification of water and wastewater. The company focuses on the oil and gas industry, although the available technology can be applied for cleaning water across various industries. The product portfolio of the company comprises of NorwaFloc, NORWAPOL, and AFM.
- May 2021Series B$12.1M
#6
Late Stage · Trondheim, Trondelag · founded 1989 · 29 employees$31.4Mraised▾
Developer of desalination solutions. The company develops its patented proprietary energy recovery device, the Recuperator, which helps with energy management during desalination. The company has set up desalination facilities for clients across the work.
#7
Funding Raised · Oslo, Oslo · founded 2018 · 14 employees$676.2Kraised▾
Developer of smart collection systems designed to provide a more sustainable alternative to single-use shopping bags in the retail sector. The company develops a collection box equipped with sensors combined with a Quick Response (QR) based application that allows end users to return a used bag and claim the deposit., enabling retailers to provide the reusable bag to their customers creating a circular transition.
- Oct 2022Grant (prize money)$676.2K
#8
Public · Lysaker, Akershus · founded 1993 · 169 employees—raised▾
Provider of waste management services
#9
Funding Raised · Sandefjord, Vestfold and Telemark · founded 1985 · 75 employees—raised▾
Provider of water treatment systems
#10
Funding Raised · Stavanger, Rogaland · 292 employees—raised▾
IVAR offers water treatment and waste management services.
#11
Late Stage · Hareid, More og Romsdal · founded 1986 · 134 employees—raised▾
Provider of waste treatment services
#12
Funding Raised · Drammen, Viken · founded 1997 · 154 employees—raised▾
På tidlig 60-tallet ble det etablert en søpledynge i Skoger, nærmere bestemt langs Lerpeveien. Søpledynga fikk navnet Bakke Fyllplass etter gården Bakke og ble drevet av Øyzet. Øyzet drev søpledynga et ½ års tid, deretter ble søpledynga i Skoger overtatt av Drammen kommune og ble hetende Lindum Fyllplass etter nabogården Lindum. Lindum er nå en stor avfallsaktør i Østlandsregionen, med datterselskaper både i Hurum (Lindum Oredalen AS) og Fredrikstad (Bioressurs Østlandet AS), samt avdelinger i Son, Skien og Nes.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Waste & Water Management coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Water Treatment is moving in Norway
A read on the academic research around Water Treatment — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 136 Norway-affiliated papers.
- Norwegian University of Science and Technology38
- Norwegian University of Life Sciences17
- Norwegian Institute for Water Research12
- Norwegian Geotechnical Institute11
- SINTEF10
- Produced water4
- Environmental chemistry3
- Chemical engineering3
- Membrane2
- Stabilizer (aeronautics)2
- Environmental chemistry1→4
- Pollutant1→4
- Turbidity1→4
- Filtration (mathematics)3→4
- Water quality2→6
Where water treatment is researched across Norway
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.