The Velanda Runestone (Swedish: Velandastenen), designated as Vg 150 in the Rundata catalog, is a runestone dated to the late tenth century or the early eleventh century that is located in the village of Velanda, Trollhättan Municipality, Västra Götaland County, Sweden, which is in the historic province of Västergötland.

Above the arch of the runic text band is the outline of an eagle's head facing to the left.

The exact role of thegns in southern Sweden is a matter of debate, but the most common view is that they constituted an elite somehow connected to Danish power.

It is thought that thegn-stones point to power centers from which they came, and from where they could be sent out to rule border areas in so-called tegnebyar.

One or two other runestones in Sweden have similar invocations to Thor: Ög 136 in Rök and possibly Sö 140 at Korpbron.