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Top 50 Biotechnology Startup Investors in Sweden (July 2026)

The most active venture capital funds and angel investors investing in Sweden Biotechnology startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Biotechnology 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
23 Sweden Pre-Seed, Seed Software, Biotechnology, Information Technology $5k–$2.7M
Industrifonden
VC Fund
17 Sweden, United States, Denmark Series A, Seed Biotechnology, Software, Information Technology $1.3M–$21M
Almi Invest
VC Fund
15 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $193k–$2.2M
Sciety
VC Fund
15 Sweden, Ukraine Seed, Series A Health Care, Biotechnology, Medical $128k–$6.3M
Navigare Ventures
VC Fund
8 Sweden, Denmark Seed, Series A, Venture - Series Unknown Biotechnology, Energy, Health Care $470k–$21M
HealthCap
VC Fund
5 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $5.7M–$92M
Novo Holdings
VC Fund
5 United States, Denmark, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $9M–$135M
Norrsken VC
VC Fund
4 Sweden, United Kingdom, Germany Seed, Series A Software, Artificial Intelligence, Health Care $1.1M–$56M
Karolinska
VC Fund
4 Sweden, Denmark, United States Seed, Series A Biotechnology, Health Care, Pharmaceutical $1.3M–$73M
Voima Ventures
VC Fund
4 Finland, Sweden, Norway Seed, Pre-Seed, Series A Biotechnology, Health Care, Artificial Intelligence $439k–$30M
I Love Lund
VC Fund
3 Sweden Venture - Series Unknown, Pre-Seed, Seed Biotechnology, Medical, Software $38k–$2.2M
EIR Ventures
VC Fund
3 Denmark, Sweden, United States Series A, Seed Biotechnology, Health Care, Therapeutics $20M–$73M
BackingMinds
VC Fund
3 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Energy, Software $772k–$8.2M
Crowberry Capital
VC Fund
3 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $1k–$17M
Partnerinvest Norr
VC Fund
3 Sweden, United States Seed, Series A Software, Manufacturing, Information Technology $588k–$5.3M
Inventure
VC Fund
3 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Segulah Medical Acceleration
VC Fund
2 Sweden, Germany, United States Series A, Series D, Series B Health Care, Medical Device, Biotechnology $8.7M–$10M
Life Science Invest
VC Fund
2 Sweden Seed, Pre-Seed Medical, Biotechnology, Biopharma $310k–$4.6M
LIU Invest
VC Fund
2 Sweden Seed, Pre-Seed Biotechnology, Information Technology, AgTech $88k–$1.4M
Nina Capital
VC Fund
2 United States, United Kingdom, Germany Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, Software $573k–$21M
Boehringer Ingelheim Venture Fund
VC Fund
2 United States, Germany, Switzerland Series A, Series B, Seed Biotechnology, Health Care, Therapeutics $1.8M–$50M
Faro Capital
VC Fund
2 Sweden, United States Series A, Seed Biotechnology, Gaming, Medical $2.2M–$25M
Jens von Bahr
Angel
2 Sweden Seed, Series A Health Care, Biotechnology, Art
Fåhraeus Startup and Growth
VC Fund
2 Sweden, Denmark, Finland Seed, Venture - Series Unknown Medical, Biotechnology, Genetics $772k–$5.6M
Länsförsäkringar
VC Fund
2 Sweden Seed, Pre-Seed Real Estate, Biotechnology, Manufacturing $484k–$1.1M
SEB Venture Capital
VC Fund
2 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.2M–$23M
Andreas Ehn
Angel
2 Sweden, United States, Germany Seed, Angel, Pre-Seed Software, Internet, Financial Services $911k–$7.7M
LU Holding
VC Fund
2 Sweden Seed, Pre-Seed Biotechnology, Software, Medical Device
ARCH Venture Partners
VC Fund
2 United States, China, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Therapeutics $8.4M–$250M
Noaber
VC Fund
2 The Netherlands, Israel, Germany Seed, Series A Health Care, Medical, Fitness $1.3M–$20M
Nordic Science Investments
VC Fund
2 Finland, Sweden, United States Seed, Pre-Seed, Series A Biotechnology, Medical, Health Diagnostics $373k–$4.6M
Flerie Invest
VC Fund
2 Sweden, United States, United Kingdom Series A, Series B Health Care, Biotechnology, Pharmaceutical $2.5M–$75M
Hadean Ventures
VC Fund
2 Norway, Sweden, Germany Series A, Series B Biotechnology, Health Care, Medical $4.3M–$79M
SmiLe Inject Capital
VC Fund
1 Sweden Seed Medical, Genetics, Analytics
Annexstruktur
VC Fund
1 Sweden Series A Medical, Life Science, Biotechnology
Klimatet Invest
VC Fund
1 Sweden Seed, Series A Energy, Battery, GreenTech
Onsight Ventures
VC Fund
1 Germany, Switzerland, Sweden Seed, Series A Manufacturing, Semiconductor, Biotechnology
Investinor
VC Fund
1 Norway, United States, Sweden Series A, Seed Software, Biotechnology, Manufacturing
LifeArc Ventures
VC Fund
1 United Kingdom, United States Series A, Seed Health Care, Fitness, Wellness
Jens Mogensen
Angel
1 Sweden Series A Medical, Life Science, Biotechnology
Inter Ikea
VC Fund
1 Germany, Sweden, Denmark Seed, Corporate Round Software, Furniture, Health Care
Nxt2b
VC Fund
1 Sweden Series A Health Care, Biotechnology, Health Diagnostics
Johnson & Johnson Innovation
VC Fund
1 United States, Israel, France Series A, Series B, Series C Biotechnology, Health Care, Medical
GOBIA Enterprises
VC Fund
1 Sweden Seed Eyewear, Health Care, Health Diagnostics
TPG Growth
VC Fund
1 United States, India, China Series C, Series B, Private Equity Health Care, Software, Biotechnology
Almi Invest GreenTech
VC Fund
1 Sweden Seed, Series A Waste Management, Energy, Manufacturing
Innovations Kapital
VC Fund
1 Sweden, Denmark, United States Series B, Series C Biotechnology, Health Care, Software
RV Invest
VC Fund
1 United States Series A Health Care, Therapeutics, Biotechnology
Northislet
VC Fund
1 Sweden Biotechnology
Sätila Holding
VC Fund
1 Sweden Biopharma, Health Care, Biotechnology
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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 · 23 investments in Sweden Biotechnology 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, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 211
  • Round size: Seed $290k–$2.7M; Pre-Seed $5k–$309k
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Anferra — Anferra specializes in hydrometallurgy, utilizing methods for resource-efficient recycling of steel industry waste into iron chloride.
  • Arkeon Technologies — Arkeon Technologies is a deep-tech company developing innovative solutions for scalable superconducting quantum computing. Its patented technology enables precise post-fabrication tuning of qubit frequencies, improving quantum chip performance, yield, and reliability. By addressing key manufacturing challenges, Arkeon helps accelerate thedevelopment of large-scale quantum processors for next-generation computing.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 17 investments in Sweden Biotechnology 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: Biotechnology, Software, Information Technology
  • Stage:Series A, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 194
  • Round size: Seed $1.3M–$6.2M; Series A $3.3M–$21M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • 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
  • Peafowl Plasmonics — IOSBET menyediakan akses slot demo Pragmatic resmi dengan pilihan game terbanyak, pendaftaran mudah, sistem aman, serta pengalaman bermain nyaman tanpa risiko.
  • 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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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 15 investments in Sweden Biotechnology 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: 279
  • Round size: Seed $193k–$2.2M; Pre-Seed $236k–$1.4M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Xaga Surgical — Xaga Surgical aims to minimize the risk of infections by inventing safer medical needles.
  • Inhalation Sciences — The PreciseInhale patented aerosol generation R&D platform delivers respirable dry powder aerosols from preclinical cell studies all the way through to human clinical trials, significantly accelerating drug development timelines. The platform’s one-animal-at-a-time system requires just milligrams, not grams of costly test substance for a fullPK study and delivers high-resolution lung data of, typically, <10% SD. We carry out Contract Research for novel and generic inhalation drug developers, toxicology and environmental research institutes and university research institutes in the inhalation and aerosolization field.
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Sciety
VC Fund · Stockholm, Stockholms Lan, Sweden · 15 investments in Sweden Biotechnology 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: 46
  • Round size: Seed $128k–$2.3M; Series A $439k–$6.3M
  • Lead/follow: 93% lead, 7% follow

Portfolio highlights

  • Encare — Encare was established in 2009 to implement the ERAS Protocols on a global basis by- providing training to health care professionals on the ERAS Protocols- providing an interactive and web-based information system for evidence based - best practice management (EBM)The company has developed an interactive, user-friendly interface forthe collection, documentation and follow-up on critical performance and quality parameters as lined out by leading clinical experts in respective protocol[1] based on, at any time, best practice and evidence.The data collected in the web-based solution is interactive and offers immediate feedback of performance, which will generate significant and sustainable improvement of efficiency and quality of care as well as generate substantial health care savings.Encare has the rights to commercialize surgical protocols developed by the ERAS Society. The company has so far rolled out the audit system to more than 120 hospitals in Canada, France, Norway, Poland, Sweden, South Africa, Switzerland, the United Kingdom, Argentina, Mexico, Colombia, Brazil, Singapore and the United States.The ERAS Society was formed in 2001 with the aim to establish evidence based protocols as best practice standards in perioperative care. ERAS Society has published a wide range of publications regarding protocols and guidelines for enhanced recovery after surgery.
  • 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.
  • 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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Navigare Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 8 investments in Sweden Biotechnology 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, Venture - Series Unknown
  • Geography: Sweden, Denmark

Investor stats

  • Total investments: 27
  • Round size: Seed $470k–$3.9M; Series A $7.3M–$21M; Venture - Series Unknown $858k–$8.5M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • ProteomEdge — The objective of ProteomEdge is to use mass spectrometry to provide an analytical platform with cutting-edge precision for absolute protein quantification.
  • Arkeon Technologies — Arkeon Technologies is a deep-tech company developing innovative solutions for scalable superconducting quantum computing. Its patented technology enables precise post-fabrication tuning of qubit frequencies, improving quantum chip performance, yield, and reliability. By addressing key manufacturing challenges, Arkeon helps accelerate thedevelopment of large-scale quantum processors for next-generation computing.
  • Peafowl Plasmonics — IOSBET menyediakan akses slot demo Pragmatic resmi dengan pilihan game terbanyak, pendaftaran mudah, sistem aman, serta pengalaman bermain nyaman tanpa risiko.
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HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Biotechnology 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: 130
  • Round size: Series A $5.7M–$85M; Series B $12M–$92M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $209M in 2019

Portfolio highlights

  • ADCendo — ADCendo ApS is a biotech company dedicated to developing new types of anti-cancer drugs. We focus on antibody-drug conjugates (ADCs) directed at novel targets, that have been found to be overexpressed by several cancer forms, that are all characterized by a significant unmet need for novel treatment.
  • Neobiomics — Neobiomics is a Swedish life-science company that develops nutritional products for preterm infants and neonatal care. Its best-known products include ProPrems® and NeoMega36®.
  • Ultragenyx Pharmaceutical — Ultragenyx is focused on developing first-ever approved treatments for rare and ultrarare diseases and moving the rare disease community forward.
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Novo Holdings
VC Fund · Hellerup, Hovedstaden, Denmark · 5 investments in Sweden Biotechnology 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: 351
  • Round size: Series A $9M–$125M; Series B $13M–$135M; 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

  • Biosyntia — Biosyntia is a biotech startup within synthetic biology and metabolic engineering. We develop biocatalysts at an unprecedented speed and efficiency by employing our patent pending high-throughput screening technology.By developing tailored processes based on biocatalysis, Biosyntia enables production of complex chemical compounds byfermentation. Biocatalysis may substantially reduce both production costs and environmental impact compared to other processes such as chemical synthesis. We partner with manufacturers of fine chemical compounds (flavors, fragrances, APIs, pigments, additives, intermediates, and more) in order to establish more sustainable manufacturing processes for a greener tomorrow.Biosyntia is located at the Novo Nordisk Foundation (NNF) Center for Biosustainability in Hørsholm, 25 kilometers north of Copenhagen.
  • IVERIC bio — IVERIC bio is a science-driven biopharmaceutical company focused on the discovery and development of novel treatment options for retinal diseases with significant unmet medical needs. The Company is currently developing both therapeutic product candidates for age-related retinal diseases and gene therapy product candidates for orphan inheritedretinal diseases.
  • Nkarta Therapeutics — Nkarta seeks to improve upon the efficacy of cell therapy, making it more potent, better tolerated and more rapidly available to a broad population of patients with a variety of hematologic and solid tumor malignancies.While T-cell therapy, often known as CAR-T, has proven successful in certain cancer indications, its promise has been limited toa few hematologic malignancies and the side effects can be severe. Natural Killer cells are the immune system’s first responders against diseases and pathogens. Unlike T cells, they have an inherent ability to target tumor cells without genetic alteration, and therefore hold significant promise in the development of potent therapies that can be used more readily for diverse tumor types. Nkarta’s differentiated cell therapy approach is designed to boost and enhance the inherent power of Natural Killer cells to target and destroy tumor cells, while also offering a better tolerated safety profile.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Biotechnology 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, Artificial Intelligence, Health Care
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 106
  • Round size: Seed $1.1M–$14M; Series A $4.2M–$56M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • CEEZER — CEEZER is the digital infrastructure to give companies access to the complex voluntary carbon market. Deliver true climate impact now!
  • Endra — Endra is a software platform for mechanical, electrical, and plumbing (MEP) engineering that automates the design, modeling, and documentation of building systems. The platform generates 2D and 3D models, calculations, schedules, diagrams, and other engineering documentation from architectural and building design inputs. It supports disciplinessuch as electrical, fire alarm, HVAC, plumbing, and sprinkler system design, and integrates with Autodesk Revit and common CAD and BIM file formats. Endra uses artificial intelligence, simulation, and computational methods to assist with tasks such as system layout, cable routing, device placement, and documentation generation while helping engineers comply with applicable design standards and regulations. The platform is designed for MEP engineers and engineering firms seeking to reduce manual design and documentation work across construction projects.
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Karolinska
VC Fund · Solna, Stockholms Lan, Sweden · 4 investments in Sweden Biotechnology 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: 32
  • Round size: Series A $1.3M–$73M
  • Lead/follow: 34% lead, 66% 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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Voima Ventures
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Sweden Biotechnology 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 $3.9M–$30M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Nucu — The Nucu Pad is a multisensory baby pad that soothes your baby to sleep with womb-like feelscapes.
  • Adamant Health — Adamant Health’s unique technology to analyse Parkinson’s disease symptoms is based on over 15 years of academic research at the University of Eastern Finland. With the technology, clinicians have several days detailed visibility to the patient’s symptoms and is able to optimise the treatment accordingly. Pharma companies benefit from the objectiveand long-term RW data in their clinical and post market studies and can utilise it as complementary diagnostics tool for personalised medication.
  • Sofi Filtration — Innovation in Industrial Liquid Filtration
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Access 48,091 investors

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

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I Love Lund
VC Fund · Lund, Skane Lan, Sweden · 3 investments in Sweden Biotechnology 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:Venture - Series Unknown, Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 7
  • Round size: Pre-Seed $420k–$456k; Venture - Series Unknown $38k–$2.2M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • 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.
  • Katam Technologies — Development of drone measurement and cloud-based evaluation service providing high precision forestry data using a mobile phone or drone.
  • Valkyr Defense Systems — Valkyr specializes in cost-effective, modular, and autonomous defense systems, leveraging commercial off-the-shelf (COTS) technology to fast-track production.
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EIR Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Biotechnology 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: 13
  • Round size: Series A $20M–$73M
  • Lead/follow: 54% lead, 46% 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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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Biotechnology startups

We help great minds unleash their full potential!

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $772k–$3.7M; Pre-Seed $826k–$8.2M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
  • 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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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 3 investments in Sweden Biotechnology 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: 49
  • Round size: Seed $1.6M–$4.2M; Pre-Seed $1k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Quanscient — We are building next generation simulation software-as-a-service utilizing Quantum computing algorithms. Our specialty domain of simulations is Computational Electromagnetics.
  • Hemi Health — Hemi Health is a Danish digital-first headache and migraine clinic specializing in diagnosis, personalized treatment, and care for headaches using technology like an app for symptom tracking and video consultations.
  • Augmented Hearing — Augmented Hearing is creating game-changing technology that will be used in fields such as voice assistants, hearing health, environmental noise suppression in phone calls, and many more.
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Partnerinvest Norr
VC Fund · Piteå, Norrbottens Lan, Sweden · 3 investments in Sweden Biotechnology 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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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Biotechnology 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: 172
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • 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.
  • 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.
  • Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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Segulah Medical Acceleration
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Biotechnology 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: 6
  • Round size: Series A $8.7M–$10M
  • Lead/follow: 83% lead, 17% 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.
  • Collective Minds — Collective Minds develops and delivers a cloud-based collaboration platform for healthcare and research with access to data, human and digital expertise.
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Life Science Invest
VC Fund · Bromma, Stockholms Lan, Sweden · 2 investments in Sweden Biotechnology startups

LSI Academy - New education 2026, read more here

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Investment focus

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

Investor stats

  • Total investments: 6
  • Round size: Seed $682k–$4.6M; Pre-Seed $310k–$500k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Haga Bioscience — Haga Bioscience is a biotechnology research company.
  • 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.
  • 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 Biotechnology 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 $88k–$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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Nina Capital
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Sweden Biotechnology startups, 11 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: 89
  • Round size: Seed $2M–$6.3M; Pre-Seed $573k–$2.4M; Series A $5M–$21M
  • Lead/follow: 42% lead, 58% 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.
  • Ladder Health — Ladder Health offers virtual pediatric therapy and support for early childhood developmental delays, including speech and physical therapy.
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Boehringer Ingelheim Venture Fund
VC Fund · Ingelheim Am Rhein, Rheinland-Pfalz, Germany · 2 investments in Sweden Biotechnology 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: 101
  • Round size: Seed $1.8M–$20M; Series A $3.8M–$34M; Series B $11M–$50M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $250M in 2018

Portfolio highlights

  • Perfood — Perfood is a digital therapeutic startup that identifies what actions need to take on a personalized level, to prevent or fight diseases. Using sensors, lab results, and holistic analyses, they derive therapeutic angles and deliver them in a slick, easy-to-use way, making them accessible for all patients. They call this approach digitaltherapeutics. A digital solution that is just as effective as a drug. But without side effects.
  • ArrePath — ArrePath is an anti-infective drug discovery company addressing the global health challenge of drug resistant infections.
  • Brainomix — Since launching as a spin-out from the University of Oxford in 2010, Brainomix has developed award-winning, AI-powered imaging biomarkers, assisting physicians across the world to make better life-saving decisions. Brainomix seminal product, e-Stroke is a collection of tools that use state-of-the-art AI algorithms to support doctors by providingreal-time interpretation of brain scans to help guide treatment and transfer decisions for stroke patients, allowing more patients to get the right treatment, in the right place, at the right time.
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Faro Capital
VC Fund · Buenos Aires, Distrito Federal, Argentina · 2 investments in Sweden Biotechnology 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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Jens von Bahr
Angel · 2 investments in Sweden Biotechnology startups

Jens von Bahr is the CEO and Co-Founder at Evolution Gaming. Jens von Bahr attended Stockholm University.

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Investment focus

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

Investor stats

  • Total investments: 4
  • 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.
  • Cellcolabs — Cellcolabs provides high quality stem cells at competitive prices for use within research and treatments.
  • 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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Fåhraeus Startup and Growth
VC Fund · Lund, Skane Lan, Sweden · 2 investments in Sweden Biotechnology 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, Venture - Series Unknown
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 9
  • Round size: Seed $772k–$2.7M; Venture - Series Unknown $2M–$5.6M
  • Lead/follow: 44% lead, 56% 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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Länsförsäkringar
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Biotechnology 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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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Biotechnology 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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Andreas Ehn
Angel · San Francisco, California, United States · 2 investments in Sweden Biotechnology 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 $911k–$7.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Visor — Spatial computing designed for work.
  • 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
  • Red Flag — Red Flag develops an automated accounting, expenses, and invoicing platform for SMEs.
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LU Holding
VC Fund · 2 investments in Sweden Biotechnology 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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ARCH Venture Partners
VC Fund · Chicago, Illinois, United States · 2 investments in Sweden Biotechnology 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: 414
  • Round size: Series A $8.4M–$213M; Series B $14M–$250M; Series C $15M–$175M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Synchron — The endovascular brain computer interface.
  • Parabilis Medicines — Parabilis Medicines is a biopharmaceutical company in the clinical stage that focuses on developing exceptional medications targeting challenging protein structures previously deemed undruggable. Utilizing more than ten years of exclusive data, innovative laboratory techniques, and algorithms based on AI and physics, the company has introduced anovel category of stabilized, cell-penetrating alpha-helical peptides known as Helicons™. These peptides can modulate intracellular proteins that traditional drug modalities cannot reach.
  • HI-Bio — HI-Bio leverages human genetic and immunological insights to deliver targeted, effective medicines to patients with immune-mediated diseases.
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Noaber
VC Fund · Lunteren, Gelderland, The Netherlands · 2 investments in Sweden Biotechnology 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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Nordic Science Investments
VC Fund · 2 investments in Sweden Biotechnology 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: 17
  • Round size: Seed $373k–$4.6M; Pre-Seed $380k–$837k; Series A $2.9M–$3.9M
  • Lead/follow: 88% lead, 12% 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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Flerie Invest
VC Fund · 2 investments in Sweden Biotechnology 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, Pharmaceutical
  • Stage:Series A, Series B
  • Geography: Sweden, United States, United Kingdom

Investor stats

  • Total investments: 22
  • Round size: Series A $2.5M–$21M; Series B $12M–$75M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • 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.
  • XNK Therapeutics — XNK Therapeutics, founded in 2012, is one of the pioneering companies within the landscape of cell therapy.
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Hadean Ventures
VC Fund · Oslo, Oslo, Norway · 2 investments in Sweden Biotechnology 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: 32
  • Round size: Series A $4.3M–$79M; Series B $4.5M–$68M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $105M in 2021

Portfolio highlights

  • Ribbon Bio
  • 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
  • TargED Biopharmaceuticals — TargED Biopharmaceuticals is a biotechnology company that develops first-in-class biological drugs to improve treatment of thrombosis.TargED stands for Targeted Enzyme Delivery. Their biological drugs are unique by using small antibodies (“VhH”) to deliver enzymes to sites of thrombosis, enabling ‘targeted’ thrombolysis.
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SmiLe Inject Capital
VC Fund · Lund, Skane Lan, Sweden · 1 investments in Sweden Biotechnology startups

SmiLe Inject Capital is an angel investment company to focus exclusively on early-stage life science companies.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Nygen Analytics — Nygen empowers researchers to unlock insights from single-cell RNA-seq data with accessible, no-code solutions, facilitating reproducible transcriptomic research.
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Annexstruktur
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Biotechnology startups

Annexstruktur is a venture capital firm that provides investments to companies.

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Investment focus

  • Industry: Medical, Life Science, Biotechnology
  • Stage:Series A
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Thioredoxin Systems — Thioredoxin Systems AB is developing an innovative antibiotic regimen for complicated urinary tract infections caused by antibiotic-resistant bacteria. The
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Klimatet Invest
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 1 investments in Sweden Biotechnology startups

Klimatet Invest is to create long-term value growth by investing relatively early in idea companies with good growth potential in cleantech and at the same time contributing to a more sustainable society.

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Investment focus

  • Industry: Energy, Battery, GreenTech
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • Ligna Energy — Ligna Energy is a green-tech start-up company developing disruptive technology and products for large-scale stationary electrical energy storage. The battery technology is made from cheap forest-based materials and organic polymers in combination with a water-based electrolyte. This is a unique solution foundation - enabling the world to shifttowards a fossil free energy system.
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Onsight Ventures
VC Fund · Innsbruck, Tirol, Austria · 1 investments in Sweden Biotechnology startups

Pan-european early-stage deep-tech VC

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Investment focus

  • Industry: Manufacturing, Semiconductor, Biotechnology
  • Stage:Seed, Series A
  • Geography: Germany, Switzerland, Sweden

Investor stats

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

Portfolio highlights

  • Q.ANT — Q.ANT develops photonic processors for AI and high-performance computing, utilizing light for information processing. The company also produces quantum sensors offering ultra-high magnetic field sensitivity in a compact form factor. These products aim to enable more intelligent and sustainable systems across various sectors like data centers,aerospace, and medical technology.
  • Zuriq — We are building a quantum computer with scalability at its heart. Trapped-ion qubits with freedom to move and connect.
  • Clock Bio — Clock Bio operates as a biotech company, that develops novel regenerative medicines.
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Investinor
VC Fund · Trondheim, Sor-Trondelag, Norway · 1 investments in Sweden Biotechnology 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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LifeArc Ventures
VC Fund · London, England, United Kingdom · 1 investments in Sweden Biotechnology startups

LifeArc Ventures a self-funding medical research charity that invests in Seed and Series-A stage Biotech and Healthtech companies.

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Investment focus

  • Industry: Health Care, Fitness, Wellness
  • Stage:Series A, Seed
  • Geography: United Kingdom, United States

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • GlycoEra — GlycoEra is a CustomGlycan platform that unlocks the power of glycan-mediated biology to develop a pipeline of novel biologics.
  • Affect — Get addiction and mental health treatment through an app that offers a full outpatient program, complete with medications and therapy.
  • 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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Jens Mogensen
Angel · 1 investments in Sweden Biotechnology startups

Jens Mogensen is an Angel Investor.

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Investment focus

  • Industry: Medical, Life Science, Biotechnology
  • Stage:Series A
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Thioredoxin Systems — Thioredoxin Systems AB is developing an innovative antibiotic regimen for complicated urinary tract infections caused by antibiotic-resistant bacteria. The
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Inter Ikea
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Sweden Biotechnology startups

Inter IKEA Group's aim is to secure continuous improvement, development, expansion and a long life of the franchising operation.

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Investment focus

  • Industry: Software, Furniture, Health Care
  • Stage:Seed, Corporate Round
  • Geography: Germany, Sweden, Denmark

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • nyris — Our custom search engines make it easy for people to find products, spare parts, and components for industry and eCommerce
  • NORNORM — High quality pre-loved office furniture, including office design, installation and flexibility to change. Own less, pay less, and change whenever.
  • Seprify — Enabling sustainable products
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Nxt2b
VC Fund · Uppsala, Uppsala Lan, Sweden · 1 investments in Sweden Biotechnology startups

Nxt2b is a venture capital company focused on investments in healthcare, pharmaceuticals companies, and medical devices.

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Investment focus

  • Industry: Health Care, Biotechnology, Health Diagnostics
  • Stage:Series A
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Navinci Diagnostics — Navinci is a Swedish biotech company specializing in innovative in situ proximity ligation assay-based solutions for spatial proteomics.
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Johnson & Johnson Innovation
VC Fund · Cambridge, Massachusetts, United States · 1 investments in Sweden Biotechnology 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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GOBIA Enterprises
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 1 investments in Sweden Biotechnology startups

GOBIA Enterprises is owned by Jan G Smith who has been active in the pharmaceutical industry.

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Investment focus

  • Industry: Eyewear, Health Care, Health Diagnostics
  • Stage:Seed
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Profundus Imaging — Profundus' retinal imaging technology enables researchers and clinicians in particular to visualise subclinical changes of retinal disease.
  • Thioredoxin Systems — Thioredoxin Systems AB is developing an innovative antibiotic regimen for complicated urinary tract infections caused by antibiotic-resistant bacteria. The
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TPG Growth
VC Fund · San Francisco, California, United States · 1 investments in Sweden Biotechnology 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 — SK Finance is a non-deposit accepting asset finance retail franchisee for the mid-market space. It caters to five product segments, including commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses.
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Almi Invest GreenTech
VC Fund · 1 investments in Sweden Biotechnology startups

Almi Invest GreenTech is a venture capital company and an active start-up investor.

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Investment focus

  • Industry: Waste Management, Energy, Manufacturing
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Zparq — Zparq designs and manufactures marine electric propulsion products.
  • Modvion — Modvion is a Swedish/ American Engineering and Industrial Design company developing modular designs in renewable engineered wood product materials to simplify and improve construction logistics.Their current area of focus is in wind tower technology. Modvion´s patented module technology enables significantly decreased cost, efficienttransportation and streamlined installation of towers exceeding 120 m. Ultimately, this results in increased cost efficiency in the harvesting of wind resources.
  • 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.
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Innovations Kapital
VC Fund · Göteborg, Vastra Gotaland, Sweden · 1 investments in Sweden Biotechnology startups

InnovationsKapital was founded in 1994 and is a leading independent venture capital firm for innovative growth companies in the Nordic region. The business, carried out from offices in and Stockholm, Gothenburg and New York, is focused on investments within ICT and Healthcare & Life Sciences, dynamic sectors that are rapidly expanding and whereNordic research plays an important role. The capital is provided by highly reputable Swedish and international institutional investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series B, Series C
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 19
  • Lead/follow: no public data

Portfolio highlights

  • Silecs — PiBond manufactures materials used in electronic devices, including patterning materials for semiconductors and optical materials. We also develop complete solutions that allow our clients to focus on creating innovative products.
  • SantoSolve — SantoSolve is developing topical analgesic products based on non-radioactive strontium as the active substance. The Development program was initiated based on experimental clinical use of strontium-based products showing evidence of strong local analgesic effects on several localized pain conditions of both nociceptive and neuropatic origin. Nosignificant adverse effects associated with the treatment was reported.The company’s lead product, 2PX, is topically administered, utilizing dermal penetration enhancers for delivery of the active agent to its subdermal site of action. Phase I safety and pharmacology studies showed the active agent to have low systemic bioavailability, and only few and minor adverse effects were observed at the site of administration. In open label Phase II clinical trials, the product has shown strong analgesic effect in both nociceptive and neuropatic pain conditions. In follow up, placebo controlled trials, the analgesic effect of the product has been further documented. In the company’s most advanced pain indication under study, osteoarthritis, the company has recently completed the Phase II program.These trials supports the open label results and document statistically that the analgesic effect in patients treated with 2PX is superior to that observed with placebo treatment.
  • Action Pharma — Action Pharma A/S operates as a research and development focused biotechnology company. It discovers and develops new drugs and treatment concepts to treat cardiovascular disease and inflammatory diseases, as well as metabolic diseases, such as type-II diabetes and obesity. The company's product pipeline includes AP214, a modifiedÐMSH-peptide analogue for the treatment of post-surgical kidney injury associated with cardiac surgery; and AP1030 and AP11 series, oral anti-diabetic (OAD) for the treatment of type-II diabetes associated with overweight/obesity. Its product pipeline also comprise AP1189, an oral anti-inflammatory compound for the treatment of inflammatory diseases, such as inflammatory bowel disease and rheumatoid arthritis; and AP405, a modified MSH peptide analogue for the treatment of inflammatory skin diseases, such as atopic dermatitis. The company was founded in 2000 and is based in Holte, Denmark.
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RV Invest
VC Fund · Ravensburg, Baden-Wurttemberg, Germany · 1 investments in Sweden Biotechnology startups

RV Invest early and stand alongside founders and researchers to bring outstanding ideas to the market.

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Investment focus

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

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Akribion Genomics — Specific, versatile, effective RNA-guided cell depletion
  • Arda Therapeutics — Arda Therapeutics is a biotechnology company taking aim at chronic diseases and aging by eliminating the pathogenic cells that drive these conditions. Their approach starts by using single-cell data to identify pathogenic cells and specific markers to target them. They then design therapies to eliminate these - and only these - cells.Arda wasfounded in 2021 in the San Francisco Bay Area, CA.
  • Alesta Therapeutics — Alesta Therapeutics is a biotech company developing novel oral small molecule therapies for underserved rare diseases.
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Northislet
VC Fund · 1 investments in Sweden Biotechnology startups

North islet Tech &amp; 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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Sätila Holding
VC Fund · Skerike, Vastmanlands Lan, Sweden · 1 investments in Sweden Biotechnology startups

On Sätila Holding, They are constantly looking for exciting new business ideas. They invest in start up, buy-out, expansion and reorganization. They go in as partners and their investments tend to be between 1 and 10 million.

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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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Biotechnology Investor funding in Sweden at a glance

Stats across 327 deals from 327 investors.

327
investors
in Sweden Biotechnology startups
327
deals
in Sweden Biotechnology startups
$2.7M
median round
in Sweden Biotechnology startups
37%
lead investors
lead at least one round
15%
Grant
most common funding stage
87/13
VC / Angel
share of investor count

Access all 327 investors in Sweden Biotechnology startups.

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