Top 10 Art VC Funds &amp; Investors in Sweden (October 2026)

Industrifonden is a Nordic evergreen venture capital firm with a fund size of $600m, that focuses on early-stage technology and life science companies with international potential. The company works long term with the entrepreneurs we invest in, and have a strong track record of building game changing companies. Industrifonden-backed companies include tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

Investment focus

Industry: Biotechnology, Software, Information Technology
Stage:Series A, Venture - Series Unknown
Geography: Sweden, United States, Denmark

Investor stats

Total investments: 205
Round size: Series A $3.3M–$21M; Venture - Series Unknown $2.5M–$20M
Lead/follow: 40% lead, 60% follow

Portfolio highlights

Yangi — Yangi is a provider of environmentally friendly packaging solutions.
Fibbl — Enhance your e-commerce store with high-quality 3D product visualization for footwear. Scale 3D, AR, and virtual try-on experiences to boost engagement and conversions.
Fishbrain — Join over 14 million anglers using Fishbrain. Fishbrain is the world's #1 fishing app for finding fishing spots, forecasts, socializing, logging catches & more. Fish smarter with Fishbrain.

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ACTIVE is a European venture capital company focused on positively disrupting its traditional sector. Spearheaded by a diverse, passionate and multinational team, it is building a reputation for providing support that goes beyond capital for high growth businesses. With a presence in Spain, Germany and Scandinavia, ACTIVE targets entrepreneurial teams driving digital start-ups and seeking holistic partnerships based on shared values and pro-active support. Start-up founders connect to the unique ACTIVE community to engage with sector specialists, growth experts and senior advisors.

Investment focus

Industry: Software, E-Commerce, Internet
Stage:Series A, Series B
Geography: Spain, United States, Sweden

Investor stats

Total investments: 48
Round size: Series A $1.1M–$8M; Series B $1.8M–$10M
Lead/follow: 46% lead, 54% follow
Last fund: May invest from a new fund soon — raised $72M in 2010

Portfolio highlights

Sanaexpert — SanaExpert is an online retailer for proprietary dietary and nutritional supplements. With unconditional sales approval for its products throughout Europe, SanaExpert sells to multiple countries. SanaExpert’s products are prescription-free, also available in pharmacies and developed to cure long term health indications (SanaExpert health program).Additionally, the company supports mass and top-class athletes through its dedicated sports product portfolio (Sanaexpert sports program).
Restaurantes.com (formerly Restalo) — Restalo.es ahora es @RestaurantesCom
Oferton Liveshopping — OFERTON LIVESHOPPING, SL is the company that owns the website www.oooferton.com. We are the first Spanish live shopping portal, a new concept of selling online: 6 new products each day, a single day of sale and at great prices!

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Kichi Invest is a private investment company that primarily invests in unlisted Nordic companies seeking growth capital. The company has a broad investment mandate and is open to discussions with passionate entrepreneurs or owners seeking an active partner to grow their business. IT believes that an active partner provides the best basis forgrowth.The company's philosophy is based on complementing capable entrepreneurs with broad expertise from strategy, transactions, and navigating through the challenges of a rapidly growing business.

Investment focus

Industry: Hardware, Advertising, Manufacturing
Stage:Venture - Series Unknown, Seed
Geography: Sweden, Spain, United States

Investor stats

Total investments: 16
Round size: Seed $800k–$5.5M; Venture - Series Unknown $400k–$11M
Lead/follow: 38% lead, 62% follow

Portfolio highlights

DanAds — Streamline ad sales and operations with our self-serve ad platform. Automate management of sales, ops, and creative, maximizing your income. Try it now!
Estmn — Estrid is a Scandinavian razor and body care brand that offers reasonably priced, high-quality vegan products. It intended for its stainless steel razor to last a lifetime. Its moisturizing strips, which are designed to make skin feel good, are free of animal byproducts.
Stark Future — Stark Future creates world-leading electric motorcycles that redefine performance. From motocross to street and beyond, our bikes are powerful, silent, and sustainable, proving electric is superior to gas.

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Accum Kapital is an investment firm that caters to both professionals and non-professional investors.

Investment focus

Industry: Art, Auctions, Search Engine
Stage:Venture - Series Unknown
Geography: Sweden

Investor stats

Total investments: 2
Round size: Venture - Series Unknown $2.8M–$3.3M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Barnebys — Barnebys is the world’s leading search service for art, antiques and collectibles. We were founded in Stockholm, Sweden in 2011 and have since then established our business globally with offices in New York, UK, France, Spain and Germany. Our clients include the world’s top tier of auctioneers, antique dealers, galleries as well as regional andlocal businesses. We are also offering an extensive free database of auction results and a top of the line valuation service. We are now looking to grow our business even further and are seeking top talent to join our team.

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Inbox Capital is a privately held investment company based in Stockholm, mainly focusing on disruptive and fast growing tech companies.

Investment focus

Industry: Software, Apps, SaaS
Stage:Venture - Series Unknown, Series A, Seed
Geography: Sweden, Finland, United States

Investor stats

Total investments: 47
Round size: Seed $1.2M–$5.9M; Series A $2.1M–$11M; Venture - Series Unknown $1.4M–$20M
Lead/follow: 9% lead, 91% follow

Portfolio highlights

Billogram — Since its start in 2011, Billogram has revitalized the outdated invoicing process by offering companies with recurring payments an intelligent digital platform. Using smart technology, we help companies strengthen their customer relations while also automating payment processes in a way that lowers costs, increases revenue, and reduces churn. Theresult is a payment that pays off for everyone.
Carla — Carla creates the most convenient, transparent, and simple online platform for purchasing or leasing an electric car.
Fast Travel Games — Fast Travel Games is a VR exclusive game developer and publisher, founded by industry leading veterans and behind acclaimed titles such as Apex Construct and Wraith: The Oblivion - Afterlife.

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Monkfish Equity is the investment vehicle of the trivago founders. As Co-investors, with a focus on later stage phases, they invest in companies which can benefit from their entrepreneurial experience. Running the world´s biggest travel meta portal with over 500 M$ revenue (2015), the people behind Monkfish Equity understand entrepreneurs needs andfocus on value adding activities. As “low maintenance” investors, they offer the leeway that entrepreneurs need to build their businesses.

Investment focus

Industry: Internet, E-Commerce, Marketplace
Stage:Seed, Series A
Geography: Germany, United States, Austria

Investor stats

Total investments: 54
Lead/follow: no public data

Portfolio highlights

Dogo GmbH — Dogo app - dog trainer in your pocket. Strengthen your friendship with training
Refurbed — Refurbed operates as an online marketplace for refurbished products in the german-speaking world. It sells renewed phones, laptops and tablets which are up to 40% cheaper and 100% more environmentally friendly than their brand-new, store-bought counterparts. Refurbed devices are renewed through a 40-step process, making them look like new andfunction like new. On top of that, each device comes with at least a 12-month guarantee.The company was founded in 2017 and is headquartered in Vienna, Austria.
ArtNight GmbH — ArtNight GmbH offers unique do-it-yourself art workshops.

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Inbox is a digital marketing and advertising company in Brazil focused on indoor digital media and out-of-home digital signage.

Investment focus

Industry: Art, Auctions, E-Commerce
Stage:Venture - Series Unknown
Geography: Sweden

Investor stats

Total investments: 2
Round size: Venture - Series Unknown $2.8M–$3.9M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Barnebys — Barnebys is the world’s leading search service for art, antiques and collectibles. We were founded in Stockholm, Sweden in 2011 and have since then established our business globally with offices in New York, UK, France, Spain and Germany. Our clients include the world’s top tier of auctioneers, antique dealers, galleries as well as regional andlocal businesses. We are also offering an extensive free database of auction results and a top of the line valuation service. We are now looking to grow our business even further and are seeking top talent to join our team.
Matsmart — Matsmart sells surplus food online. A major part of the food would otherwise be thrown away due to packaging changes, short or expired expiry dates or other reasons. During 2017, Matsmart saved 2022 tonnes of food from going to waste. The company has seen explosive growth, reaching recurring revenues of SEK 200 million. Matsmart was founded by KarlAndersson, Erik Södergren and Ulf Skagerström, and launched in Sweden in 2014. Since then, the company has also expanded to Norway and Finland. Long live the food!

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Global venture capital firm investing in AI-first companies.

Investment focus

Industry: Blockchain, Software, Financial Services
Stage:Seed, Series A, Series B
Geography: United States, Sweden, France

Investor stats

Total investments: 70
Round size: Seed $365k–$5M; Series A $1.5M–$15M; Series B $8.3M–$43M
Lead/follow: 54% lead, 46% follow
Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

Sprouts — Sprouts is a pre-integrated intelligent martech platform that replaces the need to buy multiple databases, intent products, and sales outreach platforms. Convert the right accounts, at the right time with the right message.
Cynch AI — Get deeper insight and more time to focus on what truly matters: building a better business.
Prezent AI — Presentation productivity platform for enterprise teams. Add zen to your presentations!

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Howzat Partners is a venture capital firm specializing in incubation, seed, start up, growth capital, early stage, and mid venture investments. The firm seeks to invest in digital businesses with a focus on internet, digital media, e-commerce companies. It invests globally. It acts as as sounding board. The firm also makes co-investments. Howzat Partners was founded in 2006 and is based in Luxembourg and London.

Investment focus

Industry: Travel, E-Commerce, Software
Stage:Seed, Series A, Venture - Series Unknown
Geography: United Kingdom, Germany, United States

Investor stats

Total investments: 95
Round size: Seed $393k–$2.5M; Series A $1.6M–$11M; Venture - Series Unknown $1.7M–$9.8M
Lead/follow: 17% lead, 83% follow
Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

Wingly — Wingly is a flight sharing platform. Find pilots or passengers for your trip.
Quoroom — A single intelligent platform to manage capital raising,equity, debt and employee options
Mymoria — MYMORIA offers an one-stop-online-shop for full configuration and complete commissioning of funerals. Mymoria is able to offer its services significantly cheaper than traditional mortician homes. The company is offering its services nationwide and work hard to organize our processes efficiently while maintaining thehigh service standards.

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