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Top 50 Biotech Startup Investors in Sweden (June 2026)

The most active venture capital funds and angel investors investing in Sweden Biotech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Biotech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Chalmers Ventures AB
VC Fund
18 Sweden Pre-Seed, Seed Software, Biotechnology, Health Care $5k–$2.7M
Sciety
VC Fund
16 Sweden, Ukraine Seed, Series A Health Care, Biotechnology, Medical $128k–$6.3M
Industrifonden
VC Fund
15 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology $1.1M–$21M
Almi Invest
VC Fund
14 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $174k–$2.2M
Navigare Ventures
VC Fund
8 Sweden, Denmark Seed, Series A Biotechnology, Energy, Health Care $179k–$21M
Novo Holdings
VC Fund
5 United States, Denmark, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $9M–$130M
HealthCap
VC Fund
5 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $5.7M–$88M
Karolinska
VC Fund
4 Sweden, Denmark, United States Seed, Series A Biotechnology, Health Care, Pharmaceutical $1.3M–$73M
Norrsken VC
VC Fund
4 Sweden, United Kingdom, Germany Seed, Series A Software, Health Care, Food and Beverage $1.1M–$56M
I Love Lund
VC Fund
3 Sweden Seed, Pre-Seed Biotechnology, Medical, Software
Partnerinvest Norr
VC Fund
3 Sweden, United States Seed, Series A Software, Manufacturing, Information Technology $588k–$5.3M
Voima Ventures
VC Fund
3 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$18M
Inventure
VC Fund
3 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$23M
Crowberry Capital
VC Fund
3 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $1k–$17M
BackingMinds
VC Fund
3 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Software, Agriculture $772k–$8.2M
Boehringer Ingelheim Venture Fund
VC Fund
2 United States, Germany, Switzerland Series A, Series B, Seed Biotechnology, Health Care, Therapeutics $1.3M–$50M
Segulah Medical Acceleration
VC Fund
2 Sweden, Germany, United States Series A, Series D, Series B Health Care, Medical Device, Biotechnology $8.7M–$10M
EIR Ventures
VC Fund
2 Denmark, Sweden, United States Series A, Seed Biotechnology, Health Care, Therapeutics $20M–$73M
Andreas Ehn
Angel
2 Sweden, United States, Germany Seed, Angel, Pre-Seed Software, Internet, Financial Services $740k–$7.7M
LU Holding
VC Fund
2 Sweden Seed, Pre-Seed Biotechnology, Software, Medical Device
Imprimatur Capital Fund Management
VC Fund
2 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Hadean Ventures
VC Fund
2 Norway, Sweden, Germany Series A, Series B Biotechnology, Health Care, Medical $4.3M–$79M
Nordic Science Investments
VC Fund
2 Finland, Sweden, United States Seed, Pre-Seed, Series A Biotechnology, Medical, Health Diagnostics $373k–$4.6M
Life Science Invest
VC Fund
2 Sweden Seed Medical, Biotechnology, Biopharma $1.8M–$4.6M
LIU Invest
VC Fund
2 Sweden Seed, Pre-Seed Biotechnology, Information Technology, AgTech $90k–$1.4M
Noaber
VC Fund
2 The Netherlands, Israel, Germany Seed, Series A Health Care, Medical, Fitness $1.3M–$20M
Flerie Invest
VC Fund
2 Sweden, United Kingdom, Israel Series A, Series B Health Care, Biotechnology, Medical $2.5M–$75M
Fåhraeus Startup and Growth
VC Fund
2 Sweden, Denmark, Finland Seed, Series A Medical, Biotechnology, Genetics $772k–$2.7M
Faro Capital
VC Fund
2 Sweden, United States Series A, Seed Biotechnology, Gaming, Medical $2.2M–$25M
Länsförsäkringar
VC Fund
2 Sweden Seed, Pre-Seed Real Estate, Biotechnology, Manufacturing $484k–$1.1M
Nina Capital
VC Fund
2 United States, United Kingdom, Germany Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, Software $573k–$22M
SEB Venture Capital
VC Fund
2 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.2M–$23M
ARCH Venture Partners
VC Fund
2 United States, China, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $7.8M–$250M
Norrlandsfonden
VC Fund
1 Sweden, United States Seed, Debt Financing Software, Information Technology, Web Hosting
Unruly Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed Biotechnology, CleanTech, Manufacturing
LUBio Science
VC Fund
1 Sweden Therapeutics, Biotechnology, Medical Device
HJKK Didrikson
VC Fund
1 Sweden Seed Biopharma, Biotechnology, Pharmaceutical
Northislet
VC Fund
1 Sweden Biotechnology
Sting Capital
VC Fund
1 Sweden Seed, Pre-Seed Software, Apps, Medical
Johnson & Johnson Innovation
VC Fund
1 United States, Israel, France Series A, Series B, Series C Biotechnology, Health Care, Medical
Investinor
VC Fund
1 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing
TPG Growth
VC Fund
1 United States, India, China Series C, Series B, Private Equity Health Care, Software, Biotechnology
European Investment Bank
VC Fund
1 Germany, France, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy
Innovestor
VC Fund
1 Finland, Denmark, Sweden Seed, Series A Software, Health Care, Manufacturing
Inven2
VC Fund
1 Sweden Series A Therapeutics, Biotechnology, Pharmaceutical
Simon Fredriksson
Angel
1 Sweden Seed Biotechnology, Medical, Genetics
Augmenta
VC Fund
1 Sweden Biopharma, Health Care, Biotechnology
KTH Holding
VC Fund
1 Sweden Seed, Pre-Seed Software, Information Technology, Biotechnology
Falkenbergs Sparbanks Foundation
VC Fund
1 Sweden Biotechnology, Manufacturing, Food Processing
Scientifica Venture Capital
VC Fund
1 Italy, Sweden, Finland Seed, Pre-Seed Biotechnology, Sustainability, Product Research
Access all 302 investors in Sweden Biotech startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 18 investments in Sweden Biotech startups

We are a leading tech investor & venture builder in the Nordics. Taking deep tech from lab to market.WELCOMEINVESTMENTS

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 188
  • Round size: Seed $289k–$2.7M; Pre-Seed $5k–$296k
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Repli5 — Enabling autonomous vehicles with synthetic data. We automate the creation of synthetic data and digital twins.
  • Vesiro — Install our Elasticsearch plugin and keep your current setup. Just faster.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
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Sciety
VC Fund · Stockholm, Stockholms Lan, Sweden · 16 investments in Sweden Biotech startups

Whether you are an investor or entrepreneur, partner with Sciety to achieve impactful returns and elevate your life science business in the Nordics.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: Sweden, Ukraine

Investor stats

  • Total investments: 45
  • Round size: Seed $128k–$2.3M; Series A $439k–$6.3M
  • Lead/follow: 93% lead, 7% follow

Portfolio highlights

  • Capitainer — Capitainer enables patients to collect their own volume-defined dried blood spot at home.Capitainer started in 2016. Their technology is a volumetric blood collection device that enables patients to conveniently and safely collect blood samples in the comfort of their own home, our technology is more accurate than today’s solutions. Capitaineroffers impressive cost and environmental savings for healthcare providers managing millions of conventional blood samples annually.
  • SAGA Diagnostics — SAGA Diagnostics AB is a personalized cancer diagnostics and disease monitoring company focused on molecular genetic analyses of a powerful cancer biomarker: circulating tumor DNA (ctDNA). The company was founded in 2016 as a spin-out from a highly successful research group at Lund University, with a mission to improve precision cancer medicine,provide more accurate treatment monitoring, and improve patient survival using minimally-invasive liquid biopsy cancer testing services and kits.The SAGA team consists of renowned scientists, highly qualified staff and an experienced management team who work together to launch SAGA’s ultrasensitive services and products as part of the ongoing revolution in cancer research, drug development, and clinical diagnostics. SAGA’s proprietary tests can help patients, oncologists, and drug developers detect actionable mutations, stratify patient groups, and monitor treatment response, residual disease, and disease recurrence at an unprecedented sensitivity.
  • Single Technologies — Founded in Stockholm, Sweden, with its long tradition in fiber optics, ultra-sensitive fluorescence spectroscopy and DNA sequencing, SINGLE’s ambition is to become the instigator of 3-D Sequencing.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 15 investments in Sweden Biotech startups

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 companiesinclude tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Series A, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 182
  • Round size: Seed $1.1M–$6.3M; Series A $3.3M–$21M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • inRiver — Turn product data into a profit maker at every touchpoint with Inriver's market-leading PIM solution that powers the entire product journey.
  • AnaCardio — AnaCardio develops drugs targeting a novel mechanism that improves cardiac contractility and aims to improve clinical outcomes in heart failure.
  • Open Payments — Open Payments connects you to multiple banks through one single unified API. This removes the complexity and frictions of many diverse integrations
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 14 investments in Sweden Biotech startups

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.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, United States, Ukraine

Investor stats

  • Total investments: 270
  • Round size: Seed $174k–$2.2M; Pre-Seed $236k–$1.4M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Standab — Standab is helping cities adopt cleaner, more effective urban mobility systems by offering innovative and eco-friendly parking and charging options, thereby influencing the direction of micromobility.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • 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.
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Navigare Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 8 investments in Sweden Biotech startups

Welcome to Navigare Ventures. We invest in transformational early-stage companies at the frontier of science and technology.

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Investment focus

  • Industry: Biotechnology, Energy, Health Care
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark

Investor stats

  • Total investments: 23
  • Round size: Seed $179k–$3.9M; Series A $17M–$21M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • AlixLabs — AlixLabs is a Swedish semiconductor startup, founded in 2019.
  • EnginZyme — EnginZyme is a biotechnology company that specializes in biocatalysis. It creates products for easy and cost-efficient implementation of biocatalytic processes and helps the chemical industry transition to a sustainable way of operating.The company is driven by a mission to make biocatalysis the first choice for chemical process designersworldwide.
  • Pixelgen Technologies — Understand the role of proteins in cellular organization with spatial proteomics. Get ahead in the field of proteomics with us.
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Novo Holdings
VC Fund · Hellerup, Hovedstaden, Denmark · 5 investments in Sweden Biotech startups

Novo Holdings is a world-leading life science investor with a focus on creating long-term value.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: United States, Denmark, United Kingdom

Investor stats

  • Total investments: 335
  • Round size: Series A $9M–$120M; Series B $12M–$130M; Series C $30M–$118M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $165M in 2018

Portfolio highlights

  • AlloCure — AlloCure is a biotechnology company, develops cell therapies for the treatment of various kidney diseases, organ transplants, and multi-organ injuries. It offers biological therapeutics for acute kidney injuries. AlloCure is based in Burlington, Massachusetts. It has operations in Salt Lake City, Utah, and Hamburg, Germany.The company isdedicated to the development of off-the-shelf biological therapies to treat serious and debilitating diseases that afflict millions of people around the world. AlloCure's unique technology uses processed cells derived from human bone marrow to treat a wide variety of diseases. AlloCure was founded on the unique and proprietary technology developed by Dr. Christof Westenfelder and Dr. Axel Zander. Westenfelder and Zander are world-renowned scientists who have dedicated their careers to developing effective therapies for kidney disease. AlloCure has operations in Salt Lake City Utah and Hamburg Germany.
  • PTC Therapeutics — Translating Science. Transforming Lives.
  • Freeline — A leading biotechnology company focused on innovative liver directed gene therapies for bleeding disorders and other debilitating, chronic diseases
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HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Biotech startups

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: United States, Sweden, France

Investor stats

  • Total investments: 126
  • Round size: Series A $5.7M–$55M; Series B $12M–$88M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $209M in 2019

Portfolio highlights

  • Positrigo — NeuroLF is an ultra-compact brain Positron Emission Tomography system. Our technology makes functional imaging accessible for people worldwide.
  • Gesynta Pharma — Founded in 2017, Gesynta Pharma bases its R&D on research from the Karolinska Institutet. The most advanced drug candidate, GS-248, reduces inflammation and increases blood flow in the microvasculature, thereby having the potential to provide improved treatments for several serious diseases. In an ongoing clinical proof-of-concept study,GS-248 is being evaluated for its capacity to normalize vascular blood flow and reduce pain in patients with the autoimmune disease systemic sclerosis. Positive results from this study may lead to a rapid broadening of the development program towards additional indications, for example cardiovascular diseases and rheumatic diseases other than systemic sclerosis. Major shareholders include Industrifonden, Linc, Hadean Ventures, and a number of successful life science entrepreneurs. For more information, please visit www.gesynta.se
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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Karolinska
VC Fund · Solna, Stockholms Lan, Sweden · 4 investments in Sweden Biotech startups

Karolinska Development aims to create value for patients, researchers, investors and society by developing innovations from world class science into products that can be sold or out-licensed with high returns. The business model is to: SELECT the most commercially attractive medical innovations; DEVELOP innovations to the stage where the greatestreturn on investment can be achieved; and COMMERCIALIZE the innovations through the sale of companies or out-licensing of products.Karolinska Development has developed a well-structured selection process to identify the most commercially attractive medical innovations screened by KIAB. Pharmaceutical development is a high-risk enterprise. In most cases, development projects fail because of side effects or insufficient efficacy. Successful selection of innovations is fundamental to Karolinska Development’s business model, which makes the inflow of new projects crucial. One key to success lies in selecting those innovations that can be developed from scientific findings to products and have significant commercial potential. To date, over 1,300 projects have been screened by KIAB.The portfolio companies are often founded together with the innovators and are initially operated as virtual companies with few or no employees. During the first six to twelve months, the companies normally have minimal fixed costs and technological development is outsourced.The innovator, who is often employed at an academic institution, normally participates as a board member and scientific advisor. The CEO of a portfolio company cooperates closely with a representative of Karolinska Development, who in most cases is also a board member of the company. The companies are capitalized to reach their next milestone, usually within a period of six to eighteen months. Development projects are continuously monitored, and those that do not meet their stipulated targets are discontinued. In the first three to four years, a portfolio company’s operating expenses are often limited to a few million Swedish kronor per year, which cover the cost of external studies and the salary of the staff. In subsequent years, Karolinska Development and other investors play an important role recruiting key expertise to the companiesKarolinska Development intends to realize value by exiting portfolio companies or through out-licensing of projects. Such transactions (especially out-licensing) are often structured as single upfront payments followed by payments based on predetermined milestones and royalties on sales. Although Karolinska Development has a flexible exit strategy, pharmaceutical products are, for two reasons, preferably exited at Phase II. First a successful Phase II study indicates that the pharmaceutical has an effect on patients, which is an important value-enhancing factor when negotiating out-licensing or sales. Secondly, finalizing product development and undertaking Phase III clinical trials frequently requires very large patient populations. In many cases this requires much greater resources than those available at Karolinska Development but these can be found in established pharmaceutical companies. Several licensing deals were closed in 2011 involving projects with a similar focus and development phase to Karolinska Development's projects.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 29
  • Round size: Series A $1.3M–$73M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • BOOST Pharma — Boost Pharma: Developing a stem cell therapy for Osteogenesis Imperfecta.
  • Modus Therapeutics — Modus Therapeutics is a Swedish drug development company developing sevuparin – a novel drug to treat people suffering from Sickle Cell Disease – a painful, inherited blood disorder affecting millions of people around the globe.
  • Umecrine Cognition — Umecrine Cognition is a Swedish clinical-stage pharmaceutical company developing a novel class of drugs to treat neurological disorders of the brain.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Biotech startups

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Industry: Software, Health Care, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 102
  • Round size: Seed $1.1M–$11M; Series A $4.2M–$56M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • juli — juli helps you manage your chronic condition using artificial intelligence. We first learn everything that's unique about you. Then we guide you to improve your daily life.
  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • Endra
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I Love Lund
VC Fund · Lund, Skane Lan, Sweden · 3 investments in Sweden Biotech startups

I Love Lund is a venture capital firm.The firm seeks opportunities to invest in pre-seed rounds

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Investment focus

  • Industry: Biotechnology, Medical, Software
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 5
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Bionamic — Bionamic provides solutions for the analysis of life science data to reduce or eliminate the manual steps between raw data and results.
  • Cyclicor — Cyclicor is an innovations based company focused on the development and commercialisation of safer and more sustainable polymers. The company was registered in October of 2012 as a spin-off company from the University of Lund in Sweden and began commercial development of its first product Cycli-ClearTM, a bisphenol free polycarbonate, in late 2013.
  • Trackpaw Scientific — Contributing to the development of safe and effective pharmaceuticals at increased speed and quality by digitalising the preclinical study landscape.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Partnerinvest Norr
VC Fund · Piteå, Norrbottens Lan, Sweden · 3 investments in Sweden Biotech startups

Partnerinvest Norr is a private equity firm specialized in software, security, and biometrics sectors. Partnerinvest Övre Norrland AB is a venture capital firms that seeks to invest in limited companies which have are in the expansion phase.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Seed, Series A
  • Geography: Sweden, United States

Investor stats

  • Total investments: 67
  • Round size: Seed $588k–$2.1M; Series A $1.5M–$5.3M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • Senseworks — Senseworks is an insight platform that enables colleagues to collaborate effectively with customers by providing a single source of truth for accounting data.
  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
  • Remos Space Systems — Remos Space Systems simplifies satellite ground operations.
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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Biotech startups

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1M–$5.9M; Pre-Seed $439k–$2.1M; Series A $3.8M–$18M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • Kuva Space — Kuva Space improves life on Earth through daily, space-borne hyperspectral imaging and AI. We offer Earth observation solutions for more sustainable business.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Biotech startups

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 165
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$23M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 3 investments in Sweden Biotech startups

Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first.

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Investment focus

  • Industry: Software, Gaming, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Iceland, Denmark, Finland

Investor stats

  • Total investments: 48
  • Round size: Seed $1.6M–$4.7M; Pre-Seed $1k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Prescriby — Prescriby is a digital treatment system developer to combat the opioid crisis by improving prescription safety and monitoring.Prescriby features a treatment generator and dashboard monitor to simplify complex health information, allowing clinics to give individualized data-driven therapies and safer monitoring for their customers.
  • Dreamdata — Dreamdata is a B2B Revenue Attribution Platform that gathers, joins, cleans all revenue-related data to present transparent, actionable analysis of what drives B2B revenue. The ultimate B2B multi-touch attribution tool for multi-techstack businesses.
  • Mainframe Industries — Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that thepromise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Biotech startups

We help great minds unleash their full potential!

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Investment focus

  • Industry: SaaS, Software, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 30
  • Round size: Seed $772k–$3.5M; Pre-Seed $820k–$8.2M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Cetasol
  • CemVision — CemVision is an industrial tech company that has been developing CO2-free cement.
  • Helios Innovations — Helios Innovations is an industrial machinery manufacturing industry that develops modular and electrical evaporation plants for water.
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Boehringer Ingelheim Venture Fund
VC Fund · Ingelheim Am Rhein, Rheinland-Pfalz, Germany · 2 investments in Sweden Biotech startups

Discover Boehringer Ingelheim Venture Fund. We invest in groundbreaking science to transform care. Explore our mission and join us in advancing medicine

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, Switzerland

Investor stats

  • Total investments: 98
  • Round size: Seed $1.3M–$20M; Series A $3.8M–$34M; Series B $11M–$50M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $250M in 2018

Portfolio highlights

  • ArrePath — ArrePath is an anti-infective drug discovery company addressing the global health challenge of drug resistant infections.
  • Rinri Therapeutics — Rinri Therapeutics has been founded on pioneering research into auditory stem cells led by Professor Marcelo Rivolta at the University of Sheffield.
  • Centauri Therapeutics — At Centauri we seek to tackle life-threatening infectious diseases in the most vulnerable patients.
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Segulah Medical Acceleration
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Biotech startups

Segulah Medical Acceleration is a Scandinavia-based investment company focusing on innovative medical technology companies in Europe.

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Investment focus

  • Industry: Health Care, Medical Device, Biotechnology
  • Stage:Series A, Series D, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 5
  • Round size: Series A $8.7M–$10M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Protembis — ProtEmbo is designed to be a simple and reliable solution for one of the most feared complications during TAVR.The advent of transcatheter treatments for valvular heart disease has been a major revolution in the care of patients with disabilities or intercurrent illnesses that precluded undergoing stressful open cardiac surgical procedures.Nonetheless, in spite of ongoing improvements in TAVR procedures and outcomes, the occurrence of cerebrovascular events represents a significant morbidity of TAVR.Protembis was founded based on the vision to reduce the risk of cerebrovascular events, thereby improving outcomes and making TAVR even safer – especially in light of TAVR shifting to younger and lower-risk patients. The ProtEmbo System is an adjunctive device used during TAVR and removed following completion of valve implantation. The ProtEmbo is an intra-aortic filter device that is designed to deflect embolic material arising during TAVR away from the cerebral circulation.
  • Navinci Diagnostics — Navinci is a Swedish biotech company specializing in innovative in situ proximity ligation assay-based solutions for spatial proteomics.
  • Signifier Medical Technologies — Driving Innovation in the Sleep Market Signifier Medical Technologies (SMT) is a medical technology company focused on the development and commercialisation of innovative and non-invasive solutions for patients with sleep-disordered breathing conditions and snoring. Pioneers in challenging the wisdom of conventional sleep apnoea and snoring treatments, we've created the first daytime therapy that tackles the root cause of sleep-disordered breathing by physiologically retraining the airway against collapse.
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EIR Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Biotech startups

EIR Ventures is a new Life Science Venture Group in the Nordics.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Seed
  • Geography: Denmark, Sweden, United States

Investor stats

  • Total investments: 12
  • Round size: Series A $20M–$73M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $143M in 2021

Portfolio highlights

  • Henlez — Henlez is a Danish startup company.
  • Synklino — Synklino is a developer of a CMV-specific immunotoxin intended to eradicate the cytomegalovirus infection. The company's immunotoxin is highly effective, potent and fast-acting that kills lytic and latently infected cells, enabling patients to have long-term health benefits for transplantation.
  • Galecto — Damora Therapeutics is working to fundamentally redefine care for people with blood disorders by bringing forward optimized therapies that dramatically improve patient outcomes.
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Andreas Ehn
Angel · San Francisco, California, United States · 2 investments in Sweden Biotech startups

Andreas is working on a service that will connect people, time and places on the web. He also works as an independent consultant helping other startups with product strategy, technical infrastructure, scalability and recruiting as well as financial companies (venture capital and private equity) with technical due diligence and in other advisorroles.He was CTO at Spotify from the launch of the company in August 2006 until November 2009. Before that he worked at Stardoll as an engineer and project manager.

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Sweden, United States, Germany

Investor stats

  • Total investments: 18
  • Round size: Seed $740k–$7.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Leetify — We help gamers identify their weaknesses, work on those weaknesses and track their progression.
  • Mavenoid — Mavenoid is the only product support automation platform built for complex products and devices. Using our unique AI, we solve problems too complex for chatbots
  • Antler — Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!
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LU Holding
VC Fund · 2 investments in Sweden Biotech startups

LU Holding is a Lund University’s investment company.

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Investment focus

  • Industry: Biotechnology, Software, Medical Device
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • MedVasc — MedVasc has developed Solution a patented medical device that reduces pain when treating varicose veins.
  • Bionamic — Bionamic provides solutions for the analysis of life science data to reduce or eliminate the manual steps between raw data and results.
  • Trackpaw Scientific — Contributing to the development of safe and effective pharmaceuticals at increased speed and quality by digitalising the preclinical study landscape.
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 2 investments in Sweden Biotech startups

Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Round size: Seed $131k–$549k; Debt Financing $63k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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Hadean Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Sweden Biotech startups

Hadean Ventures is a life science fund manager that invests in life science companies across europe with a particular focus on the nordic region. The funds are backed by leading private and institutional investors. Hadean Ventures has offices in oslo and stockholm and collaborates with world-class academic institutions and start-up hubs across theregion

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Norway, Sweden, Germany

Investor stats

  • Total investments: 30
  • Round size: Series A $4.3M–$79M; Series B $4.5M–$68M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $105M in 2021

Portfolio highlights

  • Step Pharma — Step Pharma is a spin-off of Imagine Institute stemming from Pr. Alain Fischer’s research on genetic immunodeficiencies. Step Pharma is a joint venture between Imagine, a research and innovative healthcare institute, Sygnature Discovery, a leading provider of integrated drug discovery resource and expertise, and Kurma Partners, a major player inthe funding of healthcare and biotechnology in Europe.
  • Gesynta Pharma — Founded in 2017, Gesynta Pharma bases its R&D on research from the Karolinska Institutet. The most advanced drug candidate, GS-248, reduces inflammation and increases blood flow in the microvasculature, thereby having the potential to provide improved treatments for several serious diseases. In an ongoing clinical proof-of-concept study,GS-248 is being evaluated for its capacity to normalize vascular blood flow and reduce pain in patients with the autoimmune disease systemic sclerosis. Positive results from this study may lead to a rapid broadening of the development program towards additional indications, for example cardiovascular diseases and rheumatic diseases other than systemic sclerosis. Major shareholders include Industrifonden, Linc, Hadean Ventures, and a number of successful life science entrepreneurs. For more information, please visit www.gesynta.se
  • Complement Therapeutics — Turning powerful new Complement System insights into innovative treatments Developing the next generation of complement medicines [chevron-down] Turning powerful new Complement System insights into innovative treatments Developing the next generation of complement medicines [chevron-down] Geographic atrophy (late dry age-related macular degeneration) is a chronic eye condition that affects millions - and for which there is
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Nordic Science Investments
VC Fund · 2 investments in Sweden Biotech startups

We partner with founders to transform unseen scientific discoveries into future breakthroughs, jointly moving businesses, people, and the world forward.

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Investment focus

  • Industry: Biotechnology, Medical, Health Diagnostics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $373k–$4.6M; Pre-Seed $380k–$837k; Series A $2.9M–$3.8M
  • Lead/follow: 94% lead, 6% follow

Portfolio highlights

  • CubaseBio — Cubase Bio is a biotechnology business that focuses on spatial biology tools. It creates solutions for 3D spatial analysis to speed up drug discovery.
  • mu-ray.tech — Mu-ray.tech is focused on advancing the field of medical diagnostics and industrial quality control. mu-ray.tech is developing a groundbreaking technology for the rapid, safe and accurate 3D-imaging of the chemical composition of scanned objects, serving critical needs in industrial quality control and medical diagnostics. The technology is basedon Muon Beam Imaging (MBI), an innovative technology leveraging Laser Plasma Accelerator-based artificial muon sources, new generation particle detector systems and AI. In industry, we are working with the partners in the heavy, aerospace, and defence domains.mu-ray.tech operates at the three sites: DESY in Hamburg (hardware), Tehnopol in Tallinn (algorithms and software), and Bradfield Centre in Cambridge (algorithms, business development). Our main collaboration on the MBI technology partners are GScan in Estonia and UK, DESY in Hamburg, the University of Cambridge, and KBFI in Tallinn.
  • Perfat Technologies — Perfat Technologies is a health-based technology company that develops fat-management applications based on healthy vegetable oils.
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Life Science Invest
VC Fund · Bromma, Stockholms Lan, Sweden · 2 investments in Sweden Biotech startups

LSI Academy - New education 2026, read more here

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Investment focus

  • Industry: Medical, Biotechnology, Biopharma
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Round size: Seed $1.8M–$4.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CubaseBio — Cubase Bio is a biotechnology business that focuses on spatial biology tools. It creates solutions for 3D spatial analysis to speed up drug discovery.
  • AAX Biotech — AAX Biotech specializes in next-generation antibody therapeutics through our two unique and proprietary technologies, Seqitope™ and Opti-mAb™, that enable high-resolution and high throughput epitope mapping as well as stabilization of single chain variable fragments (scFv) for applications such as bispecific antibodies and CAR-T cells. OurTechnologies: Seqitope™ is a high-resolution, high throughput method for antibody epitope mapping that accelerates the development of efficacious therapeutics.Opti-mAb™ is a new scFv format with dramatically improved expression levels and reduced aggregation tendencies. This will significantly improve the next generation of cutting-edge immunotherapies such as CAR-T and bispecific antibodies.
  • SampleFacts — Next generation Dried Blood Spot sampling – separating cells and plasma at the point of collection.
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LIU Invest
VC Fund · Linköping, Ostergotlands Lan, Sweden · 2 investments in Sweden Biotech startups

LIU invests in companies that are based on projects and ideas from Linköping University. LIU Invest is focused on investments in early phases. Investments are typically 250 000, but can be doubled by an additional investment.

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Investment focus

  • Industry: Biotechnology, Information Technology, AgTech
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 9
  • Round size: Seed $579k–$1.4M; Pre-Seed $90k–$282k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • Sonicflora — Plants have always been speaking. We can now understand them.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Noaber
VC Fund · Lunteren, Gelderland, The Netherlands · 2 investments in Sweden Biotech startups

Noaber Ventures invests in initiatives that bring social transformations using information technology.

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Investment focus

  • Industry: Health Care, Medical, Fitness
  • Stage:Seed, Series A
  • Geography: The Netherlands, Israel, Germany

Investor stats

  • Total investments: 19
  • Round size: Seed $1.3M–$6.3M; Series A $3M–$20M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Plasmacure — Plasmacure develops innovative plasma technology for wound care. Discover how cold plasma is transforming the treatment of chronic wounds.
  • Mirantus Health — Mirantus is building a distributed healthcare provider to improve access to care for underserved patients. Through healthcare services (Mirantus Care) and cloud-solutions (Mirantus OS), Mirantus empowers doctors to efficiently treat patients who were difficult to reach before. This improves healthcare access for patients, allows physicians to earnmore, while saving payors billions in downstream costs. Mirantus is on a mission to get every specialist physician in Europe to participate in distributed healthcare, to improve healthcare access for 100M+ underserved patients.
  • Alba Health — Discover your baby's gut health & microbiome for the best start in life.
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Flerie Invest
VC Fund · 2 investments in Sweden Biotech startups

Flerie is an active long-term life science investor, focusing on biotech and pharmaceutical investments globally.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B
  • Geography: Sweden, United Kingdom, Israel

Investor stats

  • Total investments: 19
  • Round size: Series A $2.5M–$21M; Series B $12M–$75M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • AnaCardio — AnaCardio develops drugs targeting a novel mechanism that improves cardiac contractility and aims to improve clinical outcomes in heart failure.
  • Nanologica — Nanologica combines unique know-how in the field of materials technology with a genuine interest in solving real problems in life science. The company works with nanoporous silica which has properties that are attractive in a wide variety of applications. In order to succeed, development work is carried out in close dialog with customers.Nanologica is unique in that it is a world leader in controlling the form, type of porosity and surface area of particles of silica. This competence can be used to produce particles that have the potential to solve problems in diverse application areas. The company’s core competency has been developed and expanded in twoareas of application in particular: drug delivery on the one hand and on the other chromatography, a technology used for the separation and purification of products on the market and in development.The starting point for Nanologica’s work is the material sciences, a field in which the company’s founder has developed and patented completely new materials. The initial research was based at Stockholm University and the Ångström laboratories atUppsala University.
  • KAHR medical — KAHR Medical ("KAHR") is pioneering the development of "third generation biological drugs," a unique class of proprietary fusion-protein molecules with clear and far-reaching advantages. KAHR's technology represents a paradigm shift in protein-based pharmaceuticals that will significantly expand available treatment optionsfor cancer and autoimmune disorders.
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Fåhraeus Startup and Growth
VC Fund · Lund, Skane Lan, Sweden · 2 investments in Sweden Biotech startups

Fåhraeus Startup and Growth is a venture capital fund that invests early in life science and tech companies.

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Investment focus

  • Industry: Medical, Biotechnology, Genetics
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 7
  • Round size: Seed $772k–$2.7M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Aplagon — Aplagon is committed to bringing unique, effective antithrombotic medicines with important safety advantages to patients with unmet needs.
  • Fida Biosystems — Quantification and characterisation of complex biology made simple. Study molecular interactions in solution, with only nanoliters of sample. Used by industry leaders.
  • Trackpaw Scientific — Contributing to the development of safe and effective pharmaceuticals at increased speed and quality by digitalising the preclinical study landscape.
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Faro Capital
VC Fund · Buenos Aires, Distrito Federal, Argentina · 2 investments in Sweden Biotech startups

FARO is an Argentina company over 10 years of experience in the development and operation of integrated projects in the agribusiness sector. All projects FARO own position it as a reference and leader both locally and internationally.Among his various projects, FARO operates the largest tree planting pecan nut Latin America, with projection tobecome the largest southern hemisphere and one of the largest in the world. This project is structured under different vehicles, including Alto Pecan stands, the first real estate development of nautical fields planted with pecan nut Latin America, located in Villa Paranacito, Entre Ríos . Another project is AgroConsortium, productive trust for the production and marketing of cereals and oilseeds in leased farms located in different productive areas in Argentina and potentially in the region. Finally, thanks to the expertise acquired in agribusiness, FARO developed his own business model for productive land conversion. Its aim is to position rural properties whose productive potential is not reflected in the price and complement the cycle with the economic use of land in intensive production, short and medium term.Since 2006, the Investor Group is a strategic partner OMBU FARO for all investment portfolios development ventures related to agribusiness, that focus on supply both local and international markets.

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Investment focus

  • Industry: Biotechnology, Gaming, Medical
  • Stage:Series A, Seed
  • Geography: Sweden, United States

Investor stats

  • Total investments: 5
  • Round size: Series A $2.2M–$25M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Bionamic — Bionamic provides solutions for the analysis of life science data to reduce or eliminate the manual steps between raw data and results.
  • Bluwhale — Unlock Web3 Wallet Potential with AI Insights. Supercharge Your Business Growth
  • IntuiCell — IntuiCell develops a fundamentally new recursive computing architecture and associated technology platform.
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Länsförsäkringar
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Biotech startups

Länsförsäkringar is a Swedish group of public insurance companies.

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Investment focus

  • Industry: Real Estate, Biotechnology, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 12
  • Round size: Seed $484k–$1.1M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Stendorren Fastigheter — Stendorren Fastigheter is a company involved in the real estate industry. It develops, owns, operates, and maintains industrial, logistical, and warehouse facilities. The business offers adequate and suitable space on fair lease terms through its tenant.
  • pixlbio (formerly Phenaros) — Data-centric drug discovery with AI, Phenomics and Automation.
  • Swedish Logistic Property — Swedish Logistic Property (SLP) specializes in the development and management of logistics properties across Sweden. With a focus on energy efficiency, SLP provides modern logistics solutions tailored to meet the needs of various businesses. The company's portfolio includes strategically located properties designed to support efficientlogistics and supply chain operations. SLP also engages in the acquisition and development of new properties, aiming to expand its footprint in the logistics real estate market. The company's commitment to sustainability is evident in its construction practices and the operation of its logistics facilities.
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Nina Capital
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Sweden Biotech startups, 10 in the past 12 months

We deploy early stage capital to fuel the growth of need-driven health technology companies.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 85
  • Round size: Seed $2M–$5.2M; Pre-Seed $573k–$2.4M; Series A $5M–$22M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Navidence — Navidence provides a transformative Real World Evidence (RWE) Design platform that enables organizations to efficiently adapt to the ever-increasing ecosystem of Real World Data (RWD) sources. The company unlocks the power of Computable Operational Definitions (CODefs) for RWE Design and RWD Assessment. Navidence's RWE Sherpa platform offerstools to streamline the process of defining an RWE study's data, making it easier for researchers to conduct their studies in the age of data.
  • Rivia — Integrated Clinical Trial Intelligence. Drive therapeutic evaluation and trial management with real-time insights.
  • Sober Sidekick — Gamified peer to peer support
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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Biotech startups

SEB Venture Capital is a Fintech investor that helps entrepreneurs and innovators launch and grow profitable businesses. They primarily serve as a strategic corporate venture focused on Fintech investments, with the option of partnering with SEB. They are also on the hunt for game-changing inventive solutions to new technologies that will make thefinancial industry smarter, safer, and more environmentally responsible, as well as more user-friendly. They also function as an evergreen fund, giving them the flexibility and staying strength to focus on long-term wealth development depending on what is best for the firm and its shareholders.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Series A, Series B
  • Geography: Sweden, Denmark, United Kingdom

Investor stats

  • Total investments: 70
  • Round size: Series A $1.2M–$11M; Series B $2.2M–$23M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $300M in 1995

Portfolio highlights

  • Apica — The Operational Data Fabric from Apica unifies and connects all your data using a revolutionary Active Observability architecture.
  • MobileTag — Mobile Tag, the European leader in mobile barcode solutions, continues to innovate with the launch of its latest application: mobiletag Universal Reader and shopping.Mobile Tag is behind the creation of the flashcode, the standard 2D barcode used by operators in France. This type of Datamatrix barcode is used by the biggest companies indisplay, transportation, distribution, the pharmaceutical industry, and more.Mobile Tag has always tried to develop new technology from the consumer's point of view, and the mobiletag Universal Reader & shopping is no exception.The concept behind this application is to send, receive and share information and best prices to everyone and for everyone through all standardized barcodes.Scanning a barcode with your mobile phone is simply taking a picture of it with your phone, using the mobiletag application. Mobile tag is free!
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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ARCH Venture Partners
VC Fund · Chicago, Illinois, United States · 2 investments in Sweden Biotech startups

ARCH Venture Partners provides seed / early stage venture capital for technology firms in information technology, life sciences, and physical sciences

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Series C
  • Geography: United States, China, United Kingdom

Investor stats

  • Total investments: 388
  • Round size: Series A $7.8M–$212M; Series B $13M–$250M; Series C $15M–$175M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Remix Therapeutics — Remix Therapeutics is a biotechnology company that develops novel small molecule therapies designed to reprogram RNA processing and treat disease in entirely new ways.
  • Arbor Biotechnologies — Arbor Biotechnologies is an early stage life sciences company pushing the boundaries of biodiscovery. Using artificial intelligence, genome sequencing, gene synthesis and high-throughput screening, we are accelerating the discovery of proteins for improving human health and sustainability.
  • Protillion Biosciences — Protillion Biosciences is a biotech company commercializing disruptive technology for therapeutic antibody and drug discovery and accelerating biologic research and development productivity.
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Norrlandsfonden
VC Fund · Luleå, Norrbottens Lan, Sweden · 1 investments in Sweden Biotech startups

Norrlandsfonden is a foundation that promotes the development of companies with growth ambitions. They offer flexible prime loans for new establishments, development, and expansion. They provide the opportunity for offensive and forward-looking investments and enable companies and people to grow.

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Investment focus

  • Industry: Software, Information Technology, Web Hosting
  • Stage:Seed, Debt Financing
  • Geography: Sweden, United States

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Big Akwa — Big Akwa is a food-tech innovation start-up that economically and environmentally revolutionizes land-based aquaculture by introducing industrial symbiosis between the aquaculture and forest industry.
  • Flasheye — Flasheye has proven technology from the automotive, defense, and robotics industries into industrial applications.
  • Crosser — Low Code Platform, purpose-built for real-time processing of streaming data for Industrial IoT and Intelligent Workflows.
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Unruly Capital
VC Fund · Italy, Texas, United States · 1 investments in Sweden Biotech startups

Investing in the crazy before it becomes normal

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Investment focus

  • Industry: Biotechnology, CleanTech, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 49
  • Lead/follow: no public data

Portfolio highlights

  • Ephos — Designing and manufacturing glass-based integrated photonic circuits that power the most advanced classical and quantum devices
  • AtmoCooling — AtmoCooling transforms coastal deserts into thriving hubs of agriculture, clean energy, and climate resilience. It was founded in 2022 and operates in the USA and UAE.
  • Terran Robotics — Terran Robotics is a construction company that specializes in AI and robotics. The company's headquarters are in Bloomington, Indiana.
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LUBio Science
VC Fund · 1 investments in Sweden Biotech startups

LubioScience is Switzerland's biggest Life Sciences distributor. 120+ high quality suppliers, 4.5 million research products. Next day carbon-neutral delivery.

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Investment focus

  • Industry: Therapeutics, Biotechnology, Medical Device
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Cantargia — The company is based on the original discovery that leukemic stem cells in patients with chronic myeloid leukemia (CML) express a cell-surface receptor, whereas corresponding normal hematopoietic stem cells do not express this receptor. Stem cells from patients with acute myeloid leukemia (AML) and acute lymphocytic leukemia (ALL) has also beenshown to have and upregulation of the receptor. Cantargia uses this receptor, the Interleukin-1 receptor accessory protein (IL1RAP), as the target for development of a novel antibody-based therapy for leukemia
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HJKK Didrikson
VC Fund · 1 investments in Sweden Biotech startups

HJKK Didrikson operates as an investment firm.

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Investment focus

  • Industry: Biopharma, Biotechnology, Pharmaceutical
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • AAX Biotech — AAX Biotech specializes in next-generation antibody therapeutics through our two unique and proprietary technologies, Seqitope™ and Opti-mAb™, that enable high-resolution and high throughput epitope mapping as well as stabilization of single chain variable fragments (scFv) for applications such as bispecific antibodies and CAR-T cells. OurTechnologies: Seqitope™ is a high-resolution, high throughput method for antibody epitope mapping that accelerates the development of efficacious therapeutics.Opti-mAb™ is a new scFv format with dramatically improved expression levels and reduced aggregation tendencies. This will significantly improve the next generation of cutting-edge immunotherapies such as CAR-T and bispecific antibodies.
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Northislet
VC Fund · 1 investments in Sweden Biotech startups

North islet Tech & Life Science Investments Learn More

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Investment focus

  • Industry: Biotechnology
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • BioLamina — BioLamina is a biotechnology company with a global presence, offering cell culture matrices for primary cells.
  • AAX Biotech — AAX Biotech specializes in next-generation antibody therapeutics through our two unique and proprietary technologies, Seqitope™ and Opti-mAb™, that enable high-resolution and high throughput epitope mapping as well as stabilization of single chain variable fragments (scFv) for applications such as bispecific antibodies and CAR-T cells. OurTechnologies: Seqitope™ is a high-resolution, high throughput method for antibody epitope mapping that accelerates the development of efficacious therapeutics.Opti-mAb™ is a new scFv format with dramatically improved expression levels and reduced aggregation tendencies. This will significantly improve the next generation of cutting-edge immunotherapies such as CAR-T and bispecific antibodies.
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Sting Capital
VC Fund · Kista, Stockholms Lan, Sweden · 1 investments in Sweden Biotech startups

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.

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Investment focus

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

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

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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Johnson & Johnson Innovation
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Sweden Biotech startups

JJDC, Inc. is the strategic venture capital arm of Johnson & Johnson Innovation. Learn more about our equity investment strategy.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: United States, Israel, France

Investor stats

  • Total investments: 113
  • Lead/follow: no public data

Portfolio highlights

  • G.I. Windows — G.I. Windows is a clinical-stage company developing the first fundamental breakthrough in surgical anastomotic technology. This technology will allow less invasive surgery and offer the capability of developing more procedures new to the world. The company is creating a new category in healthcare designed to create less invasive surgery and reducehealthcare costs.G.I. Windows is committed to innovation that helps improve the way diagnostic and interventional procedures impact the essential balance between both patients and the healthcare system. It was founded in 2012 and is headquartered in West Bridgewater, Massachusetts, United States.
  • HistoSonics — HistoSonics provides the Edison Platform, which uses advanced imaging and proprietary sensing technology to deliver non-invasive, personalized treatments with precision and control, and uses the science of histotripsy and focused sound energy to generate pressures to liquify and completely destroy targeted tissues at sub-cellular levels.
  • Aro Biotherapeutics — Aro Biotherapeutics is a biotechnology company pioneering the development of tissue-targeted genetic medicines with a platform based on a proprietary protein technology called Centyrins.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Sweden Biotech startups

Investinor invests in Norwegian based, high potential companies that are internationally oriented and in the phases ranging from early growth to expansion. The company has BNOK 4.2 ($500 m) under management and focus on companies within the internet, software, semiconductors, energy, cleantech, marine and life sciences sectors.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Norway, United States, Sweden

Investor stats

  • Total investments: 117
  • Lead/follow: no public data

Portfolio highlights

  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Actithera — Actithera is a molecular radiotherapeutic company that develops radioligand therapies. It translates medicinal chemistry insights into new radioligand therapies (RLTs) and applies various molecular design strategies, including covalent targeting and an isotope-agnostic philosophy, to invent RLTs with significant differentiation and largertherapeutic windows.
  • Kongsberg Ferrotech — Kongsberg Ferrotech offers game-changing robotic services for inspection, repair, and maintenance (IRM) of underwater installations
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TPG Growth
VC Fund · San Francisco, California, United States · 1 investments in Sweden Biotech startups

TPG Growth was founded in 2007 to specialize in growth equity and middle-market buyout opportunities. Taking a long-term and hands-on approach to partnership, we identify unique companies across the U.S., Europe, Africa, and Asia and help them achieve their full potential. We can assist at all stages of a company’s growth, from its inception to itsinternational expansion, by drawing on our geography-specific experience and expert global operational resources from the TPG platforms. TPG Growth manages more than $7 billion in assets across a variety of sectors including media, technology, and industrials.

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Investment focus

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

Investor stats

  • Total investments: 119
  • Lead/follow: no public data

Portfolio highlights

  • Fibe — Get instant loans up to Rs. 5L with tenures up to 24 months & rates as low as 2.5% p.m. Check your eligibility now.
  • Homrich Berg — Homrich Berg is a personal wealth management firm based in Atlanta, GA helping families protect, grow, and manage their wealth since 1989.
  • SK Finance — Easy and fastest Car Loan, Tractor Loan, Secured Business Loan, Business Loan, Bike Loan from best finance company operating in Gujarat, Rajasthan, Punjab, Haryana, Maharashtra, Chhattisgarh, Madhya Pradesh and Uttarakhand.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Sweden Biotech startups, 25 in the past 12 months

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

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Investment focus

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Germany, France, The Netherlands

Investor stats

  • Total investments: 247
  • Lead/follow: no public data

Portfolio highlights

  • Amadix — Amadix develops and commercializes breakthrough discoveries in cancer diagnosis with a clear commercial rationale, addressing unmet medical needs in oncology. After analytical validation and demonstration of clinical validity and utility through international multicentre studies, the products will be commercialized worldwide.The most advancedproduct developed by Amadix is Colofast, an innovative non-invasive screening signature for colorectal cancer (CRC) and advanced adenoma diagnosis in blood designed to solve a significant health priority: the high mortality rate due to colon cancer worldwide (around half of the diagnosed patients).Amadix team consist of industry veterans with robust expertise in the Oncology Diagnostic area. They are a top level management team with international experience in cancer diagnostics, the pharmaceutical industry, the biotechnology sector and intellectual property. Amadix also has independent board members with international profiles and many years of experience in oncology and diagnostics, who advise the management team on strategy, commercialization and business development in Europe and the US.
  • Greenlight Biosciences — Next Generation Crop Protection
  • Azienda Comprensoriale Acquedottistica — ACA Spa is an integrated water service company.
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Innovestor
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Sweden Biotech startups

Innovestor is an active Finnish investment manager, focusing on venture capital, real estate, and energy storage. We also offer corporate venturing services.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Seed, Series A
  • Geography: Finland, Denmark, Sweden

Investor stats

  • Total investments: 66
  • Lead/follow: no public data

Portfolio highlights

  • Aplagon — Aplagon is committed to bringing unique, effective antithrombotic medicines with important safety advantages to patients with unmet needs.
  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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Inven2
VC Fund · Oslo, Oslo, Norway · 1 investments in Sweden Biotech startups

Inven2 specializes in the commercialization of research and to make outstanding research into the industry of the future.

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Investment focus

  • Industry: Therapeutics, Biotechnology, Pharmaceutical
  • Stage:Series A
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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Simon Fredriksson
Angel · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Biotech startups

Simon Fredriksson is the Co-Founder and CEO of Pixelgen Technologies. He attended Stanford University School of Medicine in 2003.

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Investment focus

  • Industry: Biotechnology, Medical, Genetics
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • SAGA Diagnostics — SAGA Diagnostics is revolutionizing the earlier detection of Molecular Residual Disease (MRD) to help inform personalized treatment.
  • Pixelgen Technologies — Understand the role of proteins in cellular organization with spatial proteomics. Get ahead in the field of proteomics with us.
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Augmenta
VC Fund · Houston, Texas, United States · 1 investments in Sweden Biotech startups

Augmenta will invest in early stages of companies with unique products and strong growth potential.When portfolio companies have a fully developed product or service that is ready for commercialization, will Augmenta to leave their interests in portfolio companies. Exactly when this will happen will vary and depend on each company's uniquesituation.

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Investment focus

  • Industry: Biopharma, Health Care, Biotechnology
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Adenovir Pharma — Adenovir Pharma AB is a development company developing new solutions for treatment of infectious diseases affecting the eyes.Adenovir Pharma was founded by researchers at the department of Virology, UmeÃ¥ University, Sweden and P.U.L.S. AB which acts as an incubator and financer for early stage projects within life science. Adenovir Pharma islocated in Helsingborg Sweden in one of Europe’s premier biotechnology regions, Medicon Valley. The initial development has been conducted at the University of Lund, Department of Organic Chemistry and at the University of UmeÃ¥, Department of Virology and in collaboration with P.U.L.S. AB and external service providers.With unique patented technology and own product concepts, Adenovir Pharma aim to offer new treatments and business development opportunities to the pharmaceutical industry. The goal is to develop a new antiviral medicinal product for the treatment and prevention of epidemic keratoconjunctivities (EKC).
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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Biotech startups

KTH Holding is a state-owned limited company managed by KTH's University Board. It invests in promising startup companies that are based on research or teaching at KTH, with the aim of supporting commercialization and making it easier for new science to benefit society.

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Investment focus

  • Industry: Software, Information Technology, Biotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 21
  • Lead/follow: no public data

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • porkchop — In-space logistics for SmallSats in Low Earth Orbit and beyond.
  • Novatron — A new fusion reactor design for stable plasma confinement and fusion power generation.
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Falkenbergs Sparbanks Foundation
VC Fund · 1 investments in Sweden Biotech startups

Falkenbergs Sparbanks Foundation

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Investment focus

  • Industry: Biotechnology, Manufacturing, Food Processing
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mycorena — Fungi-based, next-generation vegan protein. A food manufacturing solution superior to plants, using significantly less resources.
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Scientifica Venture Capital
VC Fund · Roma, Lazio, Italy · 1 investments in Sweden Biotech startups

Scientifica Venture Capital offers private equity and venture capital investment services for Italy based startups and firms.

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Investment focus

  • Industry: Biotechnology, Sustainability, Product Research
  • Stage:Seed, Pre-Seed
  • Geography: Italy, Sweden, Finland

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • PlantBit — PlantBit is a producer of sensors and services for smart farming.
  • LOTO Biotech — LOTO Biotech is a biotechnology platform focused on supporting the development of treatments for rare diseases, particularly those caused by dominant negative genetic mutations.
  • LayerLogic AB — Reliable and instantaneous bacteria detection
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Biotech Investor funding in Sweden at a glance

Stats across 302 deals from 302 investors.

302
investors
in Sweden Biotech startups
302
deals
in Sweden Biotech startups
$2.7M
median round
in Sweden Biotech startups
36%
lead investors
lead at least one round
15%
Seed
most common funding stage
88/12
VC / Angel
share of investor count

Access all 302 investors in Sweden Biotech startups.

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