Top 5 Android VC Funds &amp; Investors in Sweden (October 2026)

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

Investment focus

Industry: Software, Information Technology, Artificial Intelligence
Stage:Pre-Seed, Seed, Series A
Geography: Finland, Sweden, Estonia

Investor stats

Total investments: 143
Round size: Seed $409k–$5.4M; Pre-Seed $110k–$1.3M; Series A $3.1M–$25M
Lead/follow: 56% lead, 44% follow
Last fund: May invest from a new fund soon — raised $24M in 2021

Portfolio highlights

Cytely — Cytely operationalizes biological measurement, turning microscopy into standardized, reproducible data so research teams can accelerate discovery.
Oplane — Connect your repo. See and fix your vulnerabilities in minutes. AI-powered threat modeling - no consultants, no weeks of docs.
Cota Robotics — Cota Robotics deploys general-purpose robots in retail stores through a Robot-as-a-Service model, integrating with existing environments without requiring changes to store layouts or infrastructure. The company automates shelf replenishment, inbound handling, and order picking using human-in-the-loop teleoperation, with autonomy increasing asdeployment data trains its models.

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Sting – Stockholm Innovation & Growth enables talented people to turn their ideas into sustainable businesses. The support they offer includes qualified coaching in business development, a business angel network, a venture capital fund, a recruitment service, and an international network of investors, business contacts and experts. Itcontribute to the success of Sweden’s future technology companies by helping them to grow and compete internationally.

Investment focus

Industry: Software, Apps, Medical
Stage:Seed, Pre-Seed
Geography: Sweden

Investor stats

Total investments: 16
Round size: Seed $216k–$776k; Pre-Seed $412k–$611k
Lead/follow: 25% lead, 75% follow

Portfolio highlights

Prion — Prion makes it quick and easy for the preschool staff to give parents insight into what happens at preschool - together with the children. The app is available free for iPhone, Android and iPad.
Texelio — Texelio a company who is set to redefine financial market news by developing AI which empowers the customers of Retail banks, Online Brokers and Investment Service platforms.
Minnemera — Minnemera develops digital neurocognitive tests.

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Almi Invest is Sweden’s most active early-stage venture capital firm, investing in scalable startups across Sustainability, Industry, Tech, and Life Science.We invest from pre-seed to Series A, always co-investing with independent private investors to accelerate innovation and long-term success. Our portfolio spans sustainable solutions,industrial innovation, deep tech, SaaS, and life science, supporting startups that drive economic and environmental progress.With €430 million under management and over 1,000 investments since 2009, we have backed leading companies like MIPS, Tobii, and Neo4j, with notable exits to Google, Apple, Microsoft, and Qlik.Beyond capital, we offer engaged ownership, providing strategic guidance, active board participation, and access to an extensive investor network.Almi Invest is part of the Almi Group and is funded by the European Regional Development Fund, Almi AB, and regional partners.

Investment focus

Industry: Software, Health Care, Information Technology
Stage:Venture - Series Unknown, Seed
Geography: Sweden, Norway, United States

Investor stats

Total investments: 543
Round size: Seed $226k–$2.2M; Venture - Series Unknown $326k–$3.5M
Lead/follow: 34% lead, 66% follow
Last fund: Likely still investing — raised $64M in 2024

Portfolio highlights

Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
Qulsar — Qulsar provides high precision time synchronization solutions for 5G, private mobile, industrial IoT and real time data applications and infrastructures. Its solution combines Time Synchronization as a Service (TSaaS) and open and proprietary software running on off the shelf (COTS) hardware. Qulsar's solutions span multiple precision levelsand slashes cost of ownership and operation.
Boka konferens — Boka konferens provides an online booking platform that allows users to browse and book conference rooms and venue space for corporate offices. Their products serve consumers. For inquiries, their telephone number and email address are available on their website.

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Apax is a leading global private equity advisory firm. For 50 years, Apax has worked to inspire growth and ideas that transform businesses.

Investment focus

Industry: Software, Health Care, Biotechnology
Stage:Private Equity, Series C
Geography: United States, United Kingdom, India

Investor stats

Total investments: 171
Round size: Series C $5M–$50M; Private Equity $40M–$304M
Lead/follow: 38% lead, 62% follow
Last fund: Likely still investing — raised $12B in 2024

Portfolio highlights

RapidSOS — As the leading public safety AI company, RapidSOS unlocks mission-critical intelligence for first responders and security teams.
CohnReznick — Discover CohnReznick: Advisory, assurance & tax services. Industry-focused solutions to help you optimize performance, maximize value & manage risk.
Dune Medical Devices — Dune Medical Devices was founded in 2002 to realize the extraordinary medical potential of its proprietary tissue characterization technology. Offering surgeons and radiologists the ability to detect cancer in real time, this technology holds promise for a broad range of diagnostic and therapeutic applications. Surgeons who fight cancer on a dailybasis must always contend with the lingering question, “Did I get it all?” It forces those who tackle breast cancer to consistently balance the imperative towards aggressive treatment with the desire to conserve tissue. A critical leveler in that struggle may be MarginProbe™ from Dune Medical. The MarginProbe™ System delivers real-time cancer detection in the OR for a simple and immediate assessment of cancer on the margin of excised tissue. In a randomized study of 300 breast cancer patients in Israel, the reoperation rate was reduced by 56% vs. standard of care when the MarginProbe System was employed.

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