# RunwayFBU

RunwayFBU is a Private Equity based in Lysaker, Norway.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Lysaker, Norway
- **Region:** Europe
- **Address:** Aker Tech House, John Strandruds Vei 10, 1366 Lysaker
- **Founded:** 2021
- **Assets under management:** $30M (per firm website)
- **Website:** www.runwayfbu.com
- **LinkedIn:** https://www.linkedin.com/company/runwayfbu

## Regulatory record

- **Reports private funds:** No

## About

RunwayFBU is a venture fund focused on where industrial tech gets built. It provides early-stage capital with real industrial scaling support and invests in data-centric industry software and hardware. The firm runs a tech hub founder community and an AI and Robotics Lab, and offers founders direct access to the Aker industrial network for pilots and scale support.

## Sectors

- Enterprise Software
- AI/ML
- Robotics & Automation
- ClimateTech
- Media & Entertainment
- FinTech
- PropTech
- Industrial Tech
- Cybersecurity

## People

- Kjell Inge Røkke — Founder
- Tor Bækkelund — Founder

## Questions

### Who runs investment decisions at RunwayFBU?

The fund was co-founded by Kjell Inge Røkke and Tor Bækkelund. Røkke is among the most successful industrial entrepreneurs in the Nordics through his Aker group. Bækkelund previously co-founded Oslo's StartupLab. Decision-making sits with the founders and their investment team operating from Aker Tech House in Lysaker, Norway.

### How does RunwayFBU source proprietary deal flow?

Sourcing is anchored in the Aker industrial ecosystem. Founders plug into Aker companies for real-world pilots, generating a pipeline of startups that have already demonstrated industrial pull. The fund also draws from its Tech Hub of 40-plus startups, a 70-member mentor network, and partnerships with co-investors and technology hubs across the Nordic and broader European region.

### Does RunwayFBU participate in fund commitments or only direct deals?

The firm makes direct investments into pre-seed, seed and selective Series A companies. There is no public indication that RunwayFBU operates as a fund-of-funds or participates in blind-pool LP commitments. Its stated co-investor engagement involves collaborating with specialist funds alongside direct startup investments.

### What investment stages does RunwayFBU typically target?

Pre-seed and seed are the core, with initial checks from USD 100k up to 3m. The firm also reserves capital for selective Series A follow-ons in existing portfolio companies. It looks for early proof points — pilots, LOIs, or paying industrial customers — that demonstrate an idea works in the field, not just the lab.

### How is RunwayFBU related to the Aker group?

Co-founder Kjell Inge Røkke is the controlling figure behind the Aker industrial conglomerate. RunwayFBU sits inside that ecosystem: its office is in Aker Tech House, and its core value proposition is connecting early-stage startups to Aker operating companies for real-world pilots and first revenues. It operates as a distinct venture fund, not a corporate venture arm on a parent balance sheet.

### Which sectors does RunwayFBU explicitly avoid?

The firm is tightly focused on data-centric industrial software and hardware across heavy industries — energy, manufacturing, maritime and adjacent sectors. Consumer internet, pure B2B SaaS unrelated to industrial processes, and life sciences are notably absent from the stated strategy and portfolio list.

## Related profiles

- [Runtime Ventures](https://altss.com/profile/runtime-ventures)
- [Runway Fund](https://altss.com/profile/runway-fund)

---

Last updated: 2026-08-11T15:07:57.118Z

Canonical page: https://altss.com/profile/runwayfbu

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology