Top 50 Energy Startup Investors in Sweden (October 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Chalmers Ventures AB
VC Fund
|
52 | Sweden, United States | Pre-Seed, Seed, Venture - Series Unknown | Software, Biotechnology, Information Technology | $5.8k–$3.5M |
|
Almi Invest
VC Fund
|
47 | Sweden, Norway, United States | Venture - Series Unknown, Seed | Software, Health Care, Information Technology | $226k–$3.5M |
|
Antler
VC Fund
|
16 | United States, Singapore, Australia | Pre-Seed, Seed, Series A | Software, Artificial Intelligence, Information Technology | $100k–$29M |
|
Course Corrected
VC Fund
|
11 | Sweden, United States, Finland | Seed, Venture - Series Unknown, Pre-Seed | Energy, Renewable Energy, Manufacturing | $531k–$45M |
|
Norrsken VC
VC Fund
|
11 | Sweden, United Kingdom, Germany | Seed, Series A, Venture - Series Unknown | Software, Artificial Intelligence, Health Care | $893k–$156M |
|
Industrifonden
VC Fund
|
9 | Sweden, United States, Denmark | Series A, Venture - Series Unknown | Biotechnology, Software, Information Technology | $2.5M–$21M |
|
Almi Invest GreenTech
VC Fund
|
9 | Sweden, United States | Seed, Venture - Series Unknown, Series A | Environmental Consulting, Energy, Chemical | $500k–$12M |
|
Propel Capital
VC Fund
|
8 | Sweden, United States, Norway | Convertible Note, Pre-Seed, Seed | Software, E-Commerce, Health Care | $24k–$615k |
|
BackingMinds
VC Fund
|
7 | Sweden, Denmark, Finland | Seed, Venture - Series Unknown, Pre-Seed | Software, SaaS, Energy | $826k–$40M |
|
Kinnevik
VC Fund
|
6 | United States, Sweden, Germany | Series B, Series C, Series A | E-Commerce, Health Care, Financial Services | $2M–$200M |
|
Midroc New Technology
VC Fund
|
6 | Sweden | Venture - Series Unknown, Seed, Series A | Energy, Renewable Energy, Manufacturing | $1.9M–$11M |
|
EISMEA
VC Fund
|
6 | Spain, Italy, United Kingdom | Grant, Venture - Series Unknown, Seed | Manufacturing, Software, Biotechnology | $53k–$2.6M |
|
Northzone
VC Fund
|
5 | United States, Sweden, United Kingdom | Series A, Series B, Seed | Software, Artificial Intelligence, FinTech | $2.5M–$100M |
|
KTH Holding
VC Fund
|
5 | Sweden, United Kingdom | Venture - Series Unknown, Seed, Pre-Seed | Software, Information Technology, Health Care | $23k–$5.5M |
|
byFounders
VC Fund
|
5 | Denmark, United States, Sweden | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS | $750k–$65M |
|
Swedish Energy Agency
VC Fund
|
5 | Sweden, Japan, Norway | Grant, Venture - Series Unknown, Seed | Energy, Renewable Energy, Manufacturing | $53k–$13M |
|
Lowercarbon Capital
VC Fund
|
4 | United States, United Kingdom, France | Series A, Seed, Series B | Renewable Energy, Energy, Manufacturing | $3M–$150M |
|
Kiilto Ventures
VC Fund
|
4 | Switzerland, Norway, Sweden | Seed, Venture - Series Unknown, Pre-Seed | Software, Construction, Sustainability | $1.3M–$4.6M |
|
Verdane
VC Fund
|
4 | Sweden, Norway, Germany | Venture - Series Unknown, Private Equity | Software, E-Commerce, Information Technology | $2.2M–$100M |
|
CommerzVentures
VC Fund
|
4 | United Kingdom, Germany, United States | Series A, Series B, Series C | FinTech, Financial Services, Software | $7.3M–$103M |
|
Norrsken Evolve
VC Fund
|
4 | Sweden, France, United States | Pre-Seed, Seed, Non-Equity Assistance | Software, Artificial Intelligence, Information Technology | $125k–$5.8M |
|
Nordic Alpha Partners
VC Fund
|
4 | Denmark, Germany, Sweden | Venture - Series Unknown, Seed | Energy, Energy Storage, Renewable Energy | $3M–$9.8M |
|
Brightly Ventures
VC Fund
|
4 | Sweden, United States | Seed, Series A | Software, Information Technology, SaaS | $1.3M–$16M |
|
SMOK Ventures
VC Fund
|
4 | Poland, United States, Ukraine | Seed, Pre-Seed | Software, Information Technology, SaaS | $54k–$3M |
|
Climentum Capital
VC Fund
|
4 | Sweden, Germany, Norway | Seed, Series A, Series B | CleanTech, Energy, Clean Energy | $2.2M–$16M |
|
General Catalyst
VC Fund
|
4 | United States, India, United Kingdom | Seed, Series A, Series B | Software, Artificial Intelligence, Health Care | $1.6M–$123M |
|
Navigare Ventures
VC Fund
|
4 | Sweden, Denmark | Seed, Venture - Series Unknown, Series A | Biotechnology, Manufacturing, Energy | $470k–$21M |
|
Filip Larsson
Angel
|
3 | Sweden | Pre-Seed, Seed, Angel | Mobile Apps, Software, Health Care | $193k–$2M |
|
H&M Group Ventures
VC Fund
|
3 | Sweden, United States, United Kingdom | Series A, Venture - Series Unknown | E-Commerce, Fashion, Textiles | $582k–$45M |
|
Santander InnoEnergy Fund
VC Fund
|
3 | Sweden, Germany, Spain | Seed, Series A | Energy, Battery, Software | $3.3M–$12M |
|
Polar Structure
VC Fund
|
3 | Sweden, Puerto Rico, United States | Seed, Venture - Series Unknown | Energy, Manufacturing, Software | $1.3M–$11M |
|
Utvecklingsklustret Energi AB
VC Fund
|
3 | Sweden | Seed, Angel, Pre-Seed | Energy, Software | |
|
CapitalT
VC Fund
|
3 | The Netherlands, United Kingdom, Sweden | Pre-Seed, Seed | Software, Artificial Intelligence, Information Technology | $585k–$11M |
|
Southbay ventures
VC Fund
|
3 | Sweden | Seed, Series A | Sustainability, Cycling, Construction | |
|
BNVT Capital
VC Fund
|
3 | France, Germany, Saudi Arabia | Series A, Seed, Pre-Seed | Software, E-Commerce, Construction | $3M–$22M |
|
Unconventional Ventures
VC Fund
|
3 | Sweden, United Kingdom, Denmark | Seed, Pre-Seed, Series A | Health Care, Software, Wellness | $1M–$18M |
|
Butterfly Ventures
VC Fund
|
3 | Finland, Sweden, Norway | Seed, Pre-Seed | Software, Health Care, Information Technology | $110k–$4.3M |
|
Sebastian Siemiatkowski
Angel
|
3 | Sweden, United States, Poland | Seed, Series A, Venture - Series Unknown | Software, Internet, E-Commerce | $798k–$800M |
|
Legal & General Capital
VC Fund
|
3 | United Kingdom, Sweden | Series B, Series A | Energy, Solar, Manufacturing | $11M–$46M |
|
SamInvest Mitt
VC Fund
|
3 | Sweden | Seed, Venture - Series Unknown | Software, Manufacturing, Hardware | $300k–$2M |
|
NordicNinja VC
VC Fund
|
3 | Sweden, Finland, Estonia | Series A, Series B, Seed | Artificial Intelligence, Information Technology, Software | $1.9M–$62M |
|
Rampersand
VC Fund
|
3 | Australia, United States, New Zealand | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, FinTech | $1M–$10M |
|
Vinnova
VC Fund
|
3 | Sweden, United States, Canada | Grant, Seed, Pre-Seed | Software, Health Care, Biotechnology | $28k–$1.4M |
|
Christian Edler
Angel
|
3 | United States, Germany, United Kingdom | Seed, Series A, Pre-Seed | Software, Financial Services, FinTech | $497k–$100M |
|
Wellstreet
VC Fund
|
3 | Sweden, Norway, Finland | Venture - Series Unknown, Seed | Software, E-Commerce, Retail | $216k–$5M |
|
DHS Venture Partners
VC Fund
|
3 | Sweden | Pre-Seed, Venture - Series Unknown | Software, SaaS, Big Data | $90k–$1.5M |
|
Luminar Ventures
VC Fund
|
3 | Sweden, Norway, United States | Seed, Series A, Pre-Seed | Software, Information Technology, SaaS | $420k–$21M |
|
Orkla Ventures
VC Fund
|
3 | Norway, Sweden, United Kingdom | Seed, Venture - Series Unknown, Angel | Software, B2B, Apps | $200k–$20M |
|
Neptunia Invest
VC Fund
|
3 | Sweden, United Kingdom | Seed, Series A | Banking, Cycling, Software | $3.9M–$21M |
|
Molindo
VC Fund
|
3 | Sweden | Venture - Series Unknown, Series A, Series B | Battery, Chemical, Marketplace | $2.4M–$10M |
| Access all 819 investors in Sweden Energy startups. | |||||
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822 industries, 177 countries. Updated daily. Emails and phones included.
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We are a leading tech investor & venture builder in the Nordics. Taking deep tech from lab to market.WELCOMEINVESTMENTS
Show more...Investment focus
- Industry: Software, Biotechnology, Information Technology
- Stage:Pre-Seed, Seed, Venture - Series Unknown
- Geography: Sweden, United States
Investor stats
- Total investments: 282
- Round size: Seed $237k–$2.3M; Pre-Seed $5.8k–$349k; Venture - Series Unknown $357k–$3.5M
- Lead/follow: 45% lead, 55% follow
Portfolio highlights
- Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
- Solinide Photonics — Solinide Photonics is a technological company spun out of Chalmers University of Technology. It develops ultra-efficient silicon nitride-based photonic circuits and microcomb technologies.
- InfiniNode Technologies AB — InfiniNode is a semiconductor IP company that seeks to enable efficient data movement in future compute systems.
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.
Show more...Investment focus
- Industry: Software, Health Care, Information Technology
- Stage:Venture - Series Unknown, Seed
- Geography: Sweden, Norway, United States
Investor stats
- Total investments: 552
- Round size: Seed $226k–$2.2M; Venture - Series Unknown $326k–$3.5M
- Lead/follow: 34% lead, 66% follow
- Last fund: Likely still investing — raised $64M in 2024
Portfolio highlights
- FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
- 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.
Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Pre-Seed, Seed, Series A
- Geography: United States, Singapore, Australia
Investor stats
- Total investments: 2387
- Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
- Lead/follow: 43% lead, 57% follow
- Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026
Portfolio highlights
- iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
- Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
- Plouton AI —
An early-stage venture capital fund backing climate tech companies with potential to become the leading businesses of tomorrow. Representing potentially one of the greatest investment opportunities of our lifetime - we invest in visionary entrepreneurs disrupting traditional industries and delivering exceptional growth as the world transitions to a low-carbon economy. Together with the most visionary and passionate entrepreneurs, Course Corrected wants to be part of solving one of our planet's most pressing challenges – battling climate change.
Show more...Investment focus
- Industry: Energy, Renewable Energy, Manufacturing
- Stage:Seed, Venture - Series Unknown, Pre-Seed
- Geography: Sweden, United States, Finland
Investor stats
- Total investments: 30
- Round size: Seed $705k–$9.1M; Pre-Seed $531k–$8.2M; Venture - Series Unknown $6.4M–$45M
- Lead/follow: 23% lead, 77% follow
- Last fund: Likely actively investing — fresh fund, raised $66M in 2024
Portfolio highlights
- Tavion — Critical energy storage infrastructure for a sustainable future.
- Holyvolt — Our mission is to provide the world with high-efficiency renewable energy solutions at an affordable cost and with minimal environmental impact.
- Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Health Care
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Sweden, United Kingdom, Germany
Investor stats
- Total investments: 110
- Round size: Seed $893k–$14M; Series A $4.4M–$52M; Venture - Series Unknown $1.1M–$156M
- Lead/follow: 32% lead, 68% follow
- Last fund: Likely still investing — raised $346M in 2024
Portfolio highlights
- Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
- Endra — Endra is a purpose-built platform for modern MEP engineering. Generate 3D models and drawings, sync with Revit and enjoy coordinated design workflows.
- Sava Technology — SAVA is reinventing health monitoring with a novel biosensing platform enabling real-time, affordable, and painless molecular monitoring.
Industrifonden is a Nordic evergreen venture capital firm with a fund size of $600m, that focuses on early-stage technology and life science companies with international potential. The company works long term with the entrepreneurs we invest in, and have a strong track record of building game changing companies. Industrifonden-backed companies include tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.
Show more...Investment focus
- Industry: Biotechnology, Software, Information Technology
- Stage:Series A, Venture - Series Unknown
- Geography: Sweden, United States, Denmark
Investor stats
- Total investments: 205
- Round size: Series A $3.3M–$21M; Venture - Series Unknown $2.5M–$20M
- Lead/follow: 40% lead, 60% follow
Portfolio highlights
- Yangi — Yangi is a provider of environmentally friendly packaging solutions.
- Fibbl — Enhance your e-commerce store with high-quality 3D product visualization for footwear. Scale 3D, AR, and virtual try-on experiences to boost engagement and conversions.
- Fishbrain — Join over 14 million anglers using Fishbrain. Fishbrain is the world's #1 fishing app for finding fishing spots, forecasts, socializing, logging catches & more. Fish smarter with Fishbrain.
Almi Invest GreenTech is a venture capital company and an active start-up investor.
Show more...Investment focus
- Industry: Environmental Consulting, Energy, Chemical
- Stage:Seed, Venture - Series Unknown, Series A
- Geography: Sweden, United States
Investor stats
- Total investments: 29
- Round size: Seed $500k–$4.7M; Series A $2.2M–$12M; Venture - Series Unknown $1.3M–$11M
- Lead/follow: 21% lead, 79% follow
Portfolio highlights
- Yangi — Yangi is a provider of environmentally friendly packaging solutions.
- EnginZyme — Enzymatic chemistry for cleaner ingredients in personal care, food and pharma. Enginzyme's patented EziG platform makes enzymes work at industrial scale.
- Hydro Diagnostics — Hydro Diagnostics is an innovative biotechnology company dedicated to improving water safety through rapid bacterial detection and point-of-use filtration systems. The company bridges the gap between laboratory testing and field operations by delivering fast, on-site diagnostics driven by modern technology
Founded in 2014, Propel Capital has invested in over 170+ Sting startups. Offering generous investments to early-stage tech companies.
Show more...Investment focus
- Industry: Software, E-Commerce, Health Care
- Stage:Convertible Note, Pre-Seed, Seed
- Geography: Sweden, United States, Norway
Investor stats
- Total investments: 173
- Round size: Seed $24k–$615k; Pre-Seed $34k–$580k; Convertible Note $34k–$55k
- Lead/follow: 7% lead, 93% follow
- Last fund: Likely still investing — raised $3M in 2022
Portfolio highlights
- Mother — Mother is a deep-tech mental health company that aims to fill the niche between conventional health services and self-help approaches.
- Seaqure Labs AB — Seaqure Labs is a biotech startup utilizing mycoproteins as the solution for current unsustainable methods within aquaculture. Grounded in the fundamental principles of the circular economy, the technology empowers us to manufacture sustainable, economically viable ingredients, great for the planet and great for fish.
- Freya Industries — Freya Industries builds the intelligence layer for physical security: connected sensors and the platform that turns what they capture into actionable insights
We help great minds unleash their full potential!
Show more...Investment focus
- Industry: Software, SaaS, Energy
- Stage:Seed, Venture - Series Unknown, Pre-Seed
- Geography: Sweden, Denmark, Finland
Investor stats
- Total investments: 37
- Round size: Seed $854k–$3.7M; Pre-Seed $826k–$8.2M; Venture - Series Unknown $1.3M–$40M
- Lead/follow: 59% lead, 41% follow
- Last fund: Likely still investing — raised $52M in 2022
Portfolio highlights
- Tavion — Critical energy storage infrastructure for a sustainable future.
- SNERPA Power — SNERPA Power develops intelligent energy services.
- Helios Innovations — Helios offers on-site industrial waste management of liquid waste. Reduce waste volume by up to 90% without investment.
Kinnevik is an industry-focused investment company with an entrepreneurial spirit. Its purpose is to build digital consumer businesses that provide more and better choices. The company does this by working in partnership with talented founders and management teams to create, invest in, and lead fast-growing businesses in developed and emerging markets. Kinnevik believes in delivering both shareholder and social value by building well-governed companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor, and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large-cap companies under the ticker codes KINV A and KINV B.
Show more...Investment focus
- Industry: E-Commerce, Health Care, Financial Services
- Stage:Series B, Series C, Series A
- Geography: United States, Sweden, Germany
Investor stats
- Total investments: 190
- Round size: Series A $2M–$91M; Series B $23M–$120M; Series C $38M–$200M
- Lead/follow: 43% lead, 57% follow
Portfolio highlights
- Zalando — Zalando is a European online fashion platform- offering a broad assortment of fashion for men, women and children. It carries over 1.500 brands and over 150.000 product choices for over 17 million customers in 15 countries. By constantly optimising its processes and platform offerings, using its e-commerce expertise and lots of can-do spirit,Zalando have become Europe's leading online fashion retailer in only a few years. Its goal is to create the world’s best online fashion experience. The cores of its business are what the company focuses on, always striving to be cutting-edge in fashion, technology, marketing, and logistics. Zalando SE in Berlin is the group’s centrepiece which focuses on the development of its core product: the online shopping experience. Zalando SE operates the international business and takes care of their business development. Zalando SE comprises functions like the management, marketing, administration, and technology.
- Tandem Health — Focus on providing care, while Tandem helps you easily write medical notes directly after the patient consultation.
- Enveda Biosciences — Enveda exists to give hope to millions of people around the world by accelerating the discovery of better medicines.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!The area of New Technologies is highly interesting to us.The companies in this area are often relatively small and new. Midroc has an understanding for entrepreneurism and innovations and can give significant support to innovative companies.We contribute to the process of building profitable companies, and possibly market leadingcorporations, out of innovative ideas. It is an interesting business with a useful function as commercial development of new technology in most cases requires financing and support from a venture capitalist.The potential for global and innovative technologies regarding alternative fuels, energy, environmental technology and a greener future is really without limitations or boundaries.The goal for Midroc New Technology is to go for inventions that gives a good return and at the same time also provides useful global and environmental benefits.
Show more...Investment focus
- Industry: Energy, Renewable Energy, Manufacturing
- Stage:Venture - Series Unknown, Seed, Series A
- Geography: Sweden
Investor stats
- Total investments: 13
- Round size: Venture - Series Unknown $1.9M–$11M
- Lead/follow: 23% lead, 77% follow
Portfolio highlights
- Kärnfull — The Nordic region's very first 100% nuclear electricity provider. An ecorational tech-enabler raising funds to science and R&D in next-gen nuclear via every delivered kilowatt-hour. Currently active in Sweden and Denmark, with Midroc New Technology as minority owners. Driven by a rapid organic growth, supplying thousands of householdsand SMEs with the cleanest energy available (Swedish nuclear, 2,5g CO2/kWh) by means of a fully digital service and Guarantees of Origin (GOOs). Supported by pro-bono advisors José Gonzalez (artist), Caroline Cochran (Oklo), Steven Pinker (Harvard), Christian Ekberg (Chalmers), Kirsty Gogan (TerraPraxis), Eric Ingersoll (LucidCatalyst), Johan Carlsson (producer), Klara Insulander Björk (Chalmers).
- 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.
- Reliefed Technologies — Reliefed offers non-metallic flow plates as an affordable and sustainable alternative for heat exchangers, fuel cells, electrolysers, cold plates, etc.
EISMEA is an executive agency of the European Commission that implements European Union programs supporting innovation, small and medium-sized enterprises, and the Single Market. The agency manages the European Innovation Council and European Innovation Ecosystems programs under Horizon Europe. It also implements the SME component of the Single Market Programme and the Interregional Innovation Investments instrument. EISMEA provides funding and support for innovators, researchers, businesses, regions, and other organizations through grants, procurement, investment, and advisory programs. Its activities cover innovation development, SME competitiveness, entrepreneurship, market access, consumer policy, standardization, and interregional innovation. The agency also supports the implementation of EU policies and programs related to innovation ecosystems and economic development.
Show more...Investment focus
- Industry: Manufacturing, Software, Biotechnology
- Stage:Grant, Venture - Series Unknown, Seed
- Geography: Spain, Italy, United Kingdom
Investor stats
- Total investments: 3546
- Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
- Lead/follow: 30% lead, 70% follow
Portfolio highlights
- AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
- BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
- Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, FinTech
- Stage:Series A, Series B, Seed
- Geography: United States, Sweden, United Kingdom
Investor stats
- Total investments: 369
- Round size: Seed $2.5M–$23M; Series A $4.5M–$32M; Series B $7.4M–$100M
- Lead/follow: 43% lead, 57% follow
- Last fund: Likely still investing — raised $1.1B in 2022
Portfolio highlights
- Duvo — Duvo brings your people, AI agents and existing systems together to map, run and improve your processes, with decisions, exceptions and results in one place.
- Rayon — Built for Speed. Designed for Teams.
- SolveAI —
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.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Venture - Series Unknown, Seed, Pre-Seed
- Geography: Sweden, United Kingdom
Investor stats
- Total investments: 50
- Round size: Seed $55k–$5.5M; Pre-Seed $23k–$27k; Venture - Series Unknown $1.1M–$1.6M
- Lead/follow: 18% lead, 82% follow
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.
byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, SaaS
- Stage:Seed, Pre-Seed, Series A
- Geography: Denmark, United States, Sweden
Investor stats
- Total investments: 135
- Round size: Seed $1.5M–$9.4M; Pre-Seed $750k–$4.3M; Series A $6.1M–$65M
- Lead/follow: 50% lead, 50% follow
- Last fund: May invest from a new fund soon — raised $130M in 2021
Portfolio highlights
- Fluencify — Fluencify is an innovative creator marketing platform that runs end to end user generated content programs for global brands. The software powered solution enforces brand quality guidelines, handles global creator payments, and provides contracted view guarantees to turn influencer marketing into a scalable utility framework.
- Verda — Verda provides a full-stack AI cloud platform for the development, training, and deployment of AI models. Its services include GPU instances, instant clusters, serverless containers, managed storage, and other cloud infrastructure powered by NVIDIA hardware. Verda also operates an AI Lab focused on large-scale training, inference optimization, reinforcement learning, and AI systems engineering. Its platform serves AI developers and organizations across the full AI lifecycle, from prototyping to scalable inference.
- Cota Robotics — Cota Robotics deploys general-purpose robots in retail stores through a Robot-as-a-Service model, integrating with existing environments without requiring changes to store layouts or infrastructure. The company automates shelf replenishment, inbound handling, and order picking using human-in-the-loop teleoperation, with autonomy increasing asdeployment data trains its models.
Start page of The Swedish Energy Agency
Show more...Investment focus
- Industry: Energy, Renewable Energy, Manufacturing
- Stage:Grant, Venture - Series Unknown, Seed
- Geography: Sweden, Japan, Norway
Investor stats
- Total investments: 31
- Round size: Grant $53k–$13M; Venture - Series Unknown $485k–$9.5M
- Lead/follow: 81% lead, 19% follow
Portfolio highlights
- MK Plus — MK Plus is a manufacturing company that develops vanadium solid batteries for power generation and aerospace applications.
- Rivus Batteries — Rivus is a start-up that serves as the commercialization platform for the aqueous organic flow battery technology.
- Windeed — Windeed AB develops patented floating offshore wind technology, specifically focusing on low-weight float designs and deep-water mooring systems
Lowercarbon Capital backs kickass companies slashing CO2 emissions, sucking carbon out of the sky, and buying us time to unf**k the planet.
Show more...Investment focus
- Industry: Renewable Energy, Energy, Manufacturing
- Stage:Series A, Seed, Series B
- Geography: United States, United Kingdom, France
Investor stats
- Total investments: 229
- Round size: Seed $3M–$12M; Series A $11M–$50M; Series B $21M–$150M
- Lead/follow: 39% lead, 61% follow
- Last fund: Likely actively investing — fresh fund, raised $11M in 2025
Portfolio highlights
- Stand — Full homeowners insurance priced for your home, not your ZIP code. Make it safer and your premium drops. Concierge protection and coverage for high-value homes in California and Florida.
- Type One Energy — Type One Energy is a fusion power system developer whose goal is to provide clean fusion power to cities. Through innovations in high-temp superconducting magnets and additive manufacturing, the company's system connects the compact, cost-effective stellarator fusion power plant to the grid, allowing people to access power when it is needed.
- Rainmaker Technology — Rainmaker uses drone-based cloud seeding to increase rainfall, restore ecosystems, and fight drought. Learn how our scalable weather technology brings water to the West.
Kiilto Ventures is a venture capital firm focuses on early-stage starups.
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- Industry: Software, Construction, Sustainability
- Stage:Seed, Venture - Series Unknown, Pre-Seed
- Geography: Switzerland, Norway, Sweden
Investor stats
- Total investments: 11
- Round size: Seed $1.3M–$2.7M; Venture - Series Unknown $3.8M–$4.6M
- Lead/follow: 27% lead, 73% follow
Portfolio highlights
- vyzn — Vyzn is a construction planning software focused on life cycle assessment to help projects reduce CO2 emissions and grey (embodied) energy. It targets teams that want to plan construction projects efficiently while meeting sustainability goals.
- Acembee — Acembee is an AI-driven platform designed to automate the tracking, data collection, and reporting of LCA A4+A5 (Life Cycle Assessment phases related to construction site energy use and transport) for construction projects. provides solution that consolidates data from the building site into one platform, enabling precise, real-time insights intoenergy consumption, CO₂ emissions, and compliance with legal environmental requirements. Acembee saves significant time, reduces unnecessary energy use by up to 40%, and helps projects stay within allowed CO₂ limits, ultimately making sustainability management on construction sites.
- Birdsview — Sensor fusion of GPR radar, lidar and camera plus AI analysis: see inside any concrete structure without breaking it.
The preferred growth partner to tech-enabled businesses in Northern Europe.
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- Industry: Software, E-Commerce, Information Technology
- Stage:Venture - Series Unknown, Private Equity
- Geography: Sweden, Norway, Germany
Investor stats
- Total investments: 171
- Round size: Private Equity $11M–$100M; Venture - Series Unknown $2.2M–$96M
- Lead/follow: 46% lead, 54% follow
- Last fund: Likely actively investing — fresh fund, raised $2B in 2025
Portfolio highlights
- Babyshop — Babyshop was founded in 2006 with vision of building the best online store in the northern parts of Europe for children clothing. Babyshop want to inspire by offer an exclusive shopping experience and excellent customer service with the best mixture of high-quality brands. Here you'll find baby and children's clothes, shoes, toys,strollers, car seats, maternity clothes, accessories and more for children 0-10 years.
- Guardsquare — Guardsquare is the leader in mobile application security, with multi-layered protection for your Android and iOS apps. Learn more.
- Eterno Health — Eterno Health operates in the healthcare sector, providing spaces where medical practitioners can independently conduct their practices. The company focuses on preventative healthcare, offering modern facilities for doctors and therapists across various specialties. Eterno Health supports a wide range of health services, aiming to enhance patientcare through accessible and well-equipped practice areas. The organization also engages in health consultations and treatments, ensuring that these services are delivered in state-of-the-art environments. Eterno Health is committed to strengthening health outcomes by facilitating quality healthcare services.
Venture capital investor in early stage FinTech and InsurTech companies starting at Series A in Europe, Israel and the USA.
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- Industry: FinTech, Financial Services, Software
- Stage:Series A, Series B, Series C
- Geography: United Kingdom, Germany, United States
Investor stats
- Total investments: 71
- Round size: Series A $7.3M–$30M; Series B $14M–$50M; Series C $13M–$103M
- Lead/follow: 52% lead, 48% follow
- Last fund: Likely still investing — raised $334M in 2022
Portfolio highlights
- Instanda — Instanda is a provider of a no-code core insurance platform that allows insurance companies to build, configure, and launch products online. The company's platform digitizes the complex insurance value chain with its core digital PAS and an interface that allows business users to innovate, manage, and distribute insurance products.Founded in2012, Instanda is headquartered in London, England.
- Artificial Labs — Artificial is the power between brokers and insurers in the specialty market. Underwriting technology and placement tools to move risk faster, with less in the way.
- Gradient Labs — Gradient Labs builds AI agents for financial services. Automate disputes, KYC, lending, customer support, and the back-office work in between. Book a demo.
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Browse database — It's Free!Norrsken Evolve is a pre-seed fund that supports the founders who are creating the future of Europe by offering funding,a top-notch in-person sprint, and an exceptional network.
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- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Pre-Seed, Seed, Non-Equity Assistance
- Geography: Sweden, France, United States
Investor stats
- Total investments: 50
- Round size: Seed $1M–$5.8M; Pre-Seed $125k–$2M
- Lead/follow: 48% lead, 52% follow
- Last fund: Likely actively investing — fresh fund, raised $67M in 2025
Portfolio highlights
- Volve — Understand risk before you price, prove coverage before you submit, protect margin before you sign. AI that connects documents, drawings and BIM models.
- Motion — Motion provides a Humanoids-as-a-Service platform that supports the deployment and operation of humanoid robots across industrial, warehouse, and logistics environments. The platform enables businesses to select and deploy OEM-agnostic humanoid robots based on operational requirements. It manages data collection, task-specific robot training, ITintegration, fleet management, financing, insurance, compliance, and maintenance through a subscription-based model. Motion also supports the integration of humanoid robots into existing workflows and operational systems. Its services cover the lifecycle of deployed robotic fleets, from robot selection and initial configuration to ongoing management and maintenance. The platform is designed to help organizations manage robotic automation without being tied to a single robot manufacturer.
- Matter Machine — Matter Machine is an AI-driven materials discovery company that creates technologies that use materials chemistry, machine learning, and automated experimentation to speed up the discovery and optimization of next-generation materials.
Targeting critical European re-industrialisation technology across pioneering hardware sectors with capital efficient growth investments.
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- Industry: Energy, Energy Storage, Renewable Energy
- Stage:Venture - Series Unknown, Seed
- Geography: Denmark, Germany, Sweden
Investor stats
- Total investments: 29
- Round size: Seed $3M–$8.7M; Venture - Series Unknown $4.5M–$9.8M
- Lead/follow: 72% lead, 28% follow
- Last fund: Likely still investing — raised $286M in 2024
Portfolio highlights
- Stabl Energy — Scalable battery storage systems for energy storage in industry and commerce made by STABL Energy help to utilise the full potential of renewable energies.
- Green Hydrogen Systems — GreenHydrogen believes that electrolysers have a great potential to become a core technology in green and renewable energy.
- Hybrid Greentech — Hybrid Greentech offers end-to-end profitable solutions for BESS projects, from detailed business case and sizing analysis to project development services, EPC management, and operations and optimization for multi-market revenue stacking.
Brightly Ventures backs bold founders on a mission to transform industries and change the world for the better. Brightly is an early-stage investor focused on the Nordics. It has a hands-on approach supporting high-potential ideas and bringing them to market. It makes a deep commitment to each investment we make and draw upon its network andcompany-building experience to help boost the journey.
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- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: Sweden, United States
Investor stats
- Total investments: 31
- Round size: Seed $1.3M–$4.5M; Series A $4M–$16M
- Lead/follow: 35% lead, 65% follow
Portfolio highlights
- Evam — Mission-Critical Mobile Data Solutions: Transforming What First Responders Can DoEvam is a Leading Global Supplier of Mission Critical Mobile Data Solutions Software for Police, Ambulance, Fire & Rescue, and other Public Safety Organizations. Used by 100+ regions and municipalities. Handles hundreds of thousands of life-threatening incidentson a yearly basis.The collection of apps is carefully selected to give blue-light agencies the services that they need including Mobilisation, Mapping, Navigation, Case Management, Situational Awareness and more.
- Hooked Foods — Hooked Foods is working on a plant-based tuna substitute. By serving delicious plant-based seafood for everyone to enjoy, the company is leading the transition to a healthier seafood ecosystem. The company was established in 2019 and is headquartered in Sweden.
- Fast Travel Games — Fast Travel Games is a VR exclusive game developer and publisher, founded by industry leading veterans and behind acclaimed titles such as Apex Construct and Wraith: The Oblivion - Afterlife.
Bridging Silicon Valley to CEE
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- Industry: Software, Information Technology, SaaS
- Stage:Seed, Pre-Seed
- Geography: Poland, United States, Ukraine
Investor stats
- Total investments: 83
- Round size: Seed $477k–$3M; Pre-Seed $54k–$1.4M
- Lead/follow: 54% lead, 46% follow
- Last fund: Likely still investing — raised $25M in 2024
Portfolio highlights
- Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
- Primio — Primio is an AI-powered platform that generates production-ready native mobile apps from natural language prompts. It outputs real Flutter/Dart code that compiles to native iOS and Android with pixel-perfect rendering and up to 120fps performance. The platform covers the full lifecycle from idea to app store submission, including cloud builds,live preview, and iterative editing. Built for app studios and serious builders who need to ship native apps fast.
- Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
A Venture Capital firm investing into European early-stage tech companies attacking CO2 emissions
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- Industry: CleanTech, Energy, Clean Energy
- Stage:Seed, Series A, Series B
- Geography: Sweden, Germany, Norway
Investor stats
- Total investments: 25
- Round size: Seed $2.2M–$6M; Series A $5M–$16M
- Lead/follow: 48% lead, 52% follow
- Last fund: Likely actively investing — fresh fund, raised $69M in 2026
Portfolio highlights
- Eqon — Revolutionary heat management with up to 80% lower consumption. EQON provides smart solutions for energy, smart cities, and offshore.
- Nature Robots — Nature Robots is a young robotics and AI start-up with the aim of supporting regenerative agriculture. Social challenges such as global climate change, rising global populations and increasing local trade for organic food require resilient and local bio-intensive farming systems. Nature Robots develops new technological solutions for humans, nature and technology, such as long-term autonomous agricultural robots that use outdoor navigation to navigate uneven and semi-structured terrain and record high-resolution 3D maps of plants in terms of time and space in order to provide recommendations for gardeners.
- Rodinia Generation — Rodinia Generation offers environmental clothes manufacturing technologies that helps to eliminate overproduction in the fashion sector.
Investing in powerful, positive change that endures
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- Industry: Software, Artificial Intelligence, Health Care
- Stage:Seed, Series A, Series B
- Geography: United States, India, United Kingdom
Investor stats
- Total investments: 2303
- Round size: Seed $1.6M–$18M; Series A $6.7M–$75M; Series B $14M–$123M
- Lead/follow: 46% lead, 54% follow
- Last fund: Likely actively investing — fund raised in 2026
Portfolio highlights
- Lemonade — Lemonade operates as a full-stack insurance company powered by AI and behavioral economics and driven by social good. It is a licensed insurance carrier, offering homeowners and renters insurance. Lemonade replaces brokers and bureaucracy with bots and machine learning, delivering zero paperwork and instant everything. The company uses artificialintelligence and behavioral economics to set rates for the homes and renters it insures. Lemonade was founded in Tel Aviv, Israel, in 2015 and is headquartered in New York, NY, United States.
- Datalogix — Datalogix® is the industry-recognized leader at connecting digital media and offline purchasing data. We help more than half of the top 100 consumer marketers increase the effectiveness and measurability of their advertising. DLX Platform®, encompasses over $1 trillion in consumer spending and powers campaigns for more than 75% of online mediacompanies. DLX ROI® is rapidly becoming the industry standard for measuring offline sales lift for digital media. Datalogix also offers predictive analytics for Direct Mail, and integrated media solutions via the DLX Net. Our expertise spans the major consumer segments, including Retail, CPG, Automotive, Telecom, Travel and Financial Services. We are based in Colorado, with offices in New York City, San Francisco, Boston, Chicago, Detroit, and London.
- Ayr Energy — Ayr Energy designs, engineers, manufactures, and supplies power transformers, distribution transformers, switchgear, and circuit breakers.
Filip Larsson is the CEO and Owner at Laris Fastigheter.
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- Industry: Mobile Apps, Software, Health Care
- Stage:Pre-Seed, Seed, Angel
- Geography: Sweden
Investor stats
- Total investments: 9
- Round size: Seed $1M–$2M; Pre-Seed $193k–$800k
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- LivingFilters — We develop AI-designed proteins ("binders") that act as biosensors and filters to capture specific molecules, substances or pathogens in liquids.
- Brick Technology — Brick is a global powerbank sharing network. Rent a charger in seconds, return it at any station, or host a station at your venue and we handle the rest.
- Katam Technologies — Katam Technologies helps forestry companies all over the world optimize operations through digitalization, solid data, and planning. With the aid of digitalization, reliable data, and careful planning, Katam assists forestry companies all over the world in maximizing operations. Small businesses and private forest owners can use the Katam app orKatam portal as standalone products to obtain quick and precise measurements.
H&M Group Ventures is the venture capital arm of the H&M Group.
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- Industry: E-Commerce, Fashion, Textiles
- Stage:Series A, Venture - Series Unknown
- Geography: Sweden, United States, United Kingdom
Investor stats
- Total investments: 61
- Round size: Series A $2.2M–$45M; Venture - Series Unknown $582k–$9M
- Lead/follow: 28% lead, 72% follow
Portfolio highlights
- AltMat — AltMat is a textile manufacturing firm that produces clothing materials, including natural fibers and yarns from agricultural wastes.
- Yaga — Yaga is an online selling and shopping platform for new and preloved fashion. Buy preloved clothing safely or open your own shop and sell. Find unique second hand clothes, earn extra money and help save the Planet.
- Rubi Laboratories — Rubi Laboratories turns carbon emissions into carbon-negative textiles for the fashion industry, with a proprietary synthetic biology technology.
Santander Climate Tech Fund is a venture capital fund managed by Santander Asset Management and EIT InnoEnergy.
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- Industry: Energy, Battery, Software
- Stage:Seed, Series A
- Geography: Sweden, Germany, Spain
Investor stats
- Total investments: 7
- Round size: Seed $3.3M–$5.5M; Series A $11M–$12M
- Lead/follow: 14% lead, 86% follow
Portfolio highlights
- Zparq — Zparq designs and manufactures marine electric propulsion products.
- Novatron — A new fusion reactor design for stable plasma confinement and fusion power generation.
- Bee Planet Factory — BeePlanet Factory develops technological projects based on the reuse of batteries removed from the electric car. These batteries are called B2U (Battery 2nd Use). At the end of their original application, they keep intact a large storage capacity (70%-80%) and still offer high performance, which makes them perfectly functional for other uses, suchas stationary energy storage.The company was founded in 2018 and is headquartered in Noáin, Comunidad Foral de Navarra.
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Browse database — It's Free!Polar Structure is a long-term partner in sustainable infrastructure-related investments in the Nordic region.
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- Industry: Energy, Manufacturing, Software
- Stage:Seed, Venture - Series Unknown
- Geography: Sweden, Puerto Rico, United States
Investor stats
- Total investments: 17
- Round size: Seed $1.3M–$11M
- Lead/follow: 12% lead, 88% follow
Portfolio highlights
- Taggr AB — Realize latent value in your equipment portfolio using light-touch, low-cost IoT technologies, delivered as-a-Service.
- CemVision — We are re-inventing cement; Replacing everything that’s bad about it with a product that is economical, environmental friendly and technically superior.
- ClimateView — ClimateView is a Swedish climate action technology company that helps cities transform climate planning into progress. We combine data, agent-based modelling and interface design to help cities successfully manage the transition to zero carbon economies.
Utvecklingsklustret Energi AB is a Swedish company specializing in energy development and innovation. They focus on advancing sustainable energy solutions through research, collaboration, and implementation of cutting-edge technologies to promote efficiency and environmental responsibility.
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- Industry: Energy, Software
- Stage:Seed, Angel, Pre-Seed
- Geography: Sweden
Investor stats
- Total investments: 3
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Emulate Energy — Emulate Energy transforms demand response into tailored and easy-to-operate energy storage devices costing a fraction of physical batteries.
CapitalT is a venture capital fund investing in tech companies in climate tech, future of work, education, and web3/the new social. They help exceptional teams develop groundbreaking ideas to grow better, scale faster, and change across their industries.
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- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Pre-Seed, Seed
- Geography: The Netherlands, United Kingdom, Sweden
Investor stats
- Total investments: 40
- Round size: Seed $2.1M–$11M; Pre-Seed $585k–$3.7M
- Lead/follow: 55% lead, 45% follow
- Last fund: May invest from a new fund soon — raised $41M in 2020
Portfolio highlights
- Wizenoze — At the heart of the WizeNoze platform is a set of powerful classification algorithms. A smart content editor enables writers and publishers to quickly write and rephrase texts for children, assisted by real-time classification suggestions provided by their algorithms. Developers can easily tap into all the platform's features via an API.Combined with a powerful search engine, the Wizenoze platform provides everything you need to create world-class content for children.
- Xylo — Xylo offers higher quality processes with full officer oversight, reducing planning uncertainty and boosting UK housing delivery.
- New Dawn Bio — New Dawn Bio is a biotechnology research firm that specializes in wood production.
Southbay Evergreen is a investment firm.
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- Industry: Sustainability, Cycling, Construction
- Stage:Seed, Series A
- Geography: Sweden
Investor stats
- Total investments: 3
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- RECOMA — RECOMA is a provider of economical and sustainable construction materials. By providing building materials that don't increase greenhouse gas emissions in the construction industry, it promotes sustainable construction.
- Ekolution — Ekolution is a Sustainability & Cycling company.Ekolution AB offers durable, climate-smart prefabricated panels of the natural material hemp lime (hempcrete). Our building materials are not only carbon neutral, but actually carbon dioxide negative (there is more CO2 bound in the hemp than is emitted.
Multi-stage Investment Fund
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- Industry: Software, E-Commerce, Construction
- Stage:Series A, Seed, Pre-Seed
- Geography: France, Germany, Saudi Arabia
Investor stats
- Total investments: 17
- Round size: Seed $4.1M–$8.6M; Pre-Seed $3M–$7.4M; Series A $7.5M–$22M
- Lead/follow: 53% lead, 47% follow
Portfolio highlights
- Cognna — Simplify cybersecurity solutions management with COGNNA's comprehensive XDR platform for threat hunting and compromise assessment.
- Cloover — Cloover provides a flexible financing solution that allows you to rent renewable technologies and make savings from day 1, completely risk and worry free!
- Dawnguard —
Unconventional Ventures invests in startups in the pre-seed and seed stage led by diverse founders identifying as women, people of color, immigrants and/or LGBTQ+, building scalable impact tech companies in the Nordics and beyond.
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- Industry: Health Care, Software, Wellness
- Stage:Seed, Pre-Seed, Series A
- Geography: Sweden, United Kingdom, Denmark
Investor stats
- Total investments: 18
- Round size: Seed $1M–$5.2M; Pre-Seed $1.5M–$2.8M; Series A $4.7M–$18M
- Lead/follow: 39% lead, 61% follow
Portfolio highlights
- Flox Intelligence — Wildlife intelligence for critical infrastructure.
- AIRMO — Airmo is a space tech company that offers an independent data source that locates, quantifies, and tracks carbon dioxide and methane emissions through a small satellite constellation.
- Digiclean Solutions — Digiclean Solutions is an industrial technology company that develops AI-powered chemical control systems for manufacturing.
Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.
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- Industry: Software, Health Care, Information Technology
- Stage:Seed, Pre-Seed
- Geography: Finland, Sweden, Norway
Investor stats
- Total investments: 91
- Round size: Seed $224k–$2.2M; Pre-Seed $110k–$4.3M
- Lead/follow: 42% lead, 58% follow
- Last fund: Likely still investing — raised $49M in 2022
Portfolio highlights
- DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
- Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
- Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
Sebastian Siemiatkowski is based out of Stockholm, Stockholms Lan, and is the Co-Founder and CEO of Klarna. Sebastian Siemiatkowski attended the Stockholm School of Economics.
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- Industry: Software, Internet, E-Commerce
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Sweden, United States, Poland
Investor stats
- Total investments: 22
- Round size: Seed $1.1M–$8M; Series A $10M–$200M; Venture - Series Unknown $798k–$800M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- nexos.ai — Introducing nexos.ai — a powerful model gateway that delivers game-changing AI solutions. With advanced automation and intelligent decision making, nexos.ai helps simplify operations, boost productivity, and accelerate business growth.
- Talentium — Meet your dream hire today.
- Lovable — Build apps, websites, and digital products faster using Lovable's AI-powered platform, no deep coding skills required.
Legal & General Capital (LGC) is the early-stage investment arm of Legal & General Group.
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- Industry: Energy, Solar, Manufacturing
- Stage:Series B, Series A
- Geography: United Kingdom, Sweden
Investor stats
- Total investments: 23
- Round size: Series A $11M–$28M; Series B $15M–$46M
- Lead/follow: 61% lead, 39% follow
Portfolio highlights
- PQShield — PQShield is focused on empowering organizations, industries, and nations, with the ultimate quantum-resistant hardware and software solutions
- Bruntwood SciTech — Bruntwood SciTech is a life sciences property developer.Which provides unrivaled access to money and funds
- Advanced Electric Machines — Our magnet free motors help manufacturers build more sustainable vehicles and products. See how we can help you today.
Saminvest is a venture capital company that was formed by the Swedish government in 2016. Saminvest actively works to establish new and sustainable venture capital funds and angel investor programmes that expand the venture capital market in Sweden. Through Saminvest's indirect investments and work with investment funds, innovative and fast-growing companies can gain access to more capital and expert advice.
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- Industry: Software, Manufacturing, Hardware
- Stage:Seed, Venture - Series Unknown
- Geography: Sweden
Investor stats
- Total investments: 12
- Round size: Seed $318k–$2M; Venture - Series Unknown $300k–$621k
- Lead/follow: 8% lead, 92% follow
- Last fund: May invest from a new fund soon — raised $3.1M in 2013
Portfolio highlights
- Learnster — Learnster develops the LMS of tomorrow for growing organizations aspiring to achieve maximum learning in minimum time.
- Brick Technology — Brick is a global powerbank sharing network. Rent a charger in seconds, return it at any station, or host a station at your venue and we handle the rest.
- Freya Industries — Freya Industries builds the intelligence layer for physical security: connected sensors and the platform that turns what they capture into actionable insights
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Browse database — It's Free!NordicNinja VC invests in startups in the Nordic-Baltic region.
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- Industry: Artificial Intelligence, Information Technology, Software
- Stage:Series A, Series B, Seed
- Geography: Sweden, Finland, Estonia
Investor stats
- Total investments: 56
- Round size: Seed $1.9M–$12M; Series A $5M–$30M; Series B $15M–$62M
- Lead/follow: 55% lead, 45% follow
- Last fund: Likely still investing — raised $200M in 2023
Portfolio highlights
- LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
- RedpineAI — Your agent reads the whole paper, not just the abstract. Licensed peer-reviewed full text in medicine, chemistry, and materials science, behind one endpoint.
- 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.
Rampersand invest in the best Australian technology founders, teams and companies and are committed to helping them become global leaders.
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- Industry: Software, Artificial Intelligence, FinTech
- Stage:Seed, Series A, Pre-Seed
- Geography: Australia, United States, New Zealand
Investor stats
- Total investments: 64
- Round size: Seed $1M–$4.6M; Pre-Seed $1.3M–$1.5M; Series A $3.1M–$10M
- Lead/follow: 28% lead, 72% follow
- Last fund: Likely still investing — raised $30M in 2022
Portfolio highlights
- Cor — Obi by Cor is the leading voice AI agent for customer onboarding and user activation. It uses voice and on-screen awareness to guide users, share best practices, and answer questions in real time.
- Cuttable — Create on-brand AI ads that learn from your results. Cuttable helps eCommerce teams plan, build, edit and publish ad creative at scale.
- Parachute — Parachute catches the weight of research and drafting so you can focus on the work that matters. Stop writing off billable hours and scale your firm's output.
Vinnova is Sweden's government agency for innovation. Our mission is to contribute to sustainable growth by improving the conditions for innovation. We do this mainly by funding innovation projects and the research needed to develop new solutions. We also invest long term in strong research and innovation environments. We stimulate collaborations between companies, universities and other higher education institutions, public services, civil society and other actors. Our activities also focus on strengthening international cooperation. Each year, Vinnova invests around $350 millions in fostering innovation. Most of these funds are allocated via calls for proposals in which companies, public sector actors and other organisations apply for funding. All investments are continuously monitored and evaluated and we regularly analyse the impacts of our investments.
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- Industry: Software, Health Care, Biotechnology
- Stage:Grant, Seed, Pre-Seed
- Geography: Sweden, United States, Canada
Investor stats
- Total investments: 95
- Round size: Seed $30k–$831k; Grant $28k–$597k; Pre-Seed $60k–$1.4M
- Lead/follow: 65% lead, 35% follow
Portfolio highlights
- Ynvisible Interactive — Ynvisible offers a printed e-paper display technology which is a more cost-effective e-paper solution than other options on the market. Our services range from R&D projects and prototyping, to contract manufacturing of printed electronics devices.
- Rivus Batteries — Rivus is a start-up that serves as the commercialization platform for the aqueous organic flow battery technology.
- Aventix — Aventix is a bioanalytics/life-science instrumentation company that develops sensor-based laboratory tools.
Christian O. Edler is an investor and entrepreneur with a proven track record in sectors ahead of mainstream adoption. He invests opportunity-driven, sector- and business-model agnostic. Christian built a 10-year track record investing in early-stage ventures and securing exclusive deal flow in primary and secondary growth opportunites. He isco-investing with the best investors and VCs in the world – like Andreessen Horowitz, Peter Thiel, Christian Angermayer, Gsquared, Bitkraft, Bessemer Ventures, Coatue, Sony, FirstMark Capital, DN Capital, FJ Labs, Moore Capital, Alexis Ohanian (Seven Seven Six), Left Lane, Insight, Tencent, Hive and many others. Due to his track record, he has access to exclusive opportunities in the EU/US. Christian’s >75 angel startup investments returned over 20x including several unicorns. As an entrepreneur, Christian recruited, educated and led over 1,500 sales people with $500M in annual sales. His primary focus is on world-class entrepreneurs with new categories of ideas and a potential for massive scale. If you like to co-invest with him, follow his syndicate on AngelList: https://angel.co/s/edleredler/fCORTChristian is a Scout Partner of Sequoia Capital, Venture Partner of BITKRAFT VC, an alumnus of Harvard Business School, a former semi-pro alpine skier, and based in Berlin & Los Angeles.
Show more...Investment focus
- Industry: Software, Financial Services, FinTech
- Stage:Seed, Series A, Pre-Seed
- Geography: United States, Germany, United Kingdom
Investor stats
- Total investments: 80
- Round size: Seed $700k–$8.7M; Pre-Seed $497k–$11M; Series A $1.1M–$100M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Cloover — Cloover provides a flexible financing solution that allows you to rent renewable technologies and make savings from day 1, completely risk and worry free!
- Weflow — All-in-one workspace to manage your Salesforce pipeline, notes & to-dos. Designed for sales teams who like to move with speed.
- Visual Layer — Visual Layer is a Tel Aviv based startup providing visual data management platform that scales to billion images and videos.
Wellstreet is an innovation and tech ecosystem that includes an investment company, a strategic consultancy firm and a venture building incubator.
Show more...Investment focus
- Industry: Software, E-Commerce, Retail
- Stage:Venture - Series Unknown, Seed
- Geography: Sweden, Norway, Finland
Investor stats
- Total investments: 66
- Round size: Seed $216k–$1.4M; Venture - Series Unknown $319k–$5M
- Lead/follow: 39% lead, 61% follow
- Last fund: Likely still investing — raised $40M in 2022
Portfolio highlights
- Deedster — Accelerate your business by connecting and engaging your audience and employees with sustainability data, insights, and actions.
- Key Ward — Accelerate your engineering projects with data intelligence. Mitigate the risk of late stage failures in your AI adoption journey with our no-code platform.
- Berget AI — EU-compliant inference service and AI infrastructure built by developers for developers.
DHS Ventures, Stockholm School of Economics alumni angel investing network that invests early on into inovative companies.
Show more...Investment focus
- Industry: Software, SaaS, Big Data
- Stage:Pre-Seed, Venture - Series Unknown
- Geography: Sweden
Investor stats
- Total investments: 28
- Round size: Pre-Seed $400k–$1.5M; Venture - Series Unknown $90k–$1M
- Lead/follow: 11% lead, 89% follow
Portfolio highlights
- Noru — Noru automates GDPR Article 30 data discovery and compliance controls, giving enterprises continuous, verifiable proof of their privacy and security posture.
- Normain — The Extractional AI Platform. For experts in audit and assurance (A&A), GRC and M&A: define the work once, run it at scale, with structured answers linked to their exact source.
- Forecasterly — Forecasterly is a SaaS company that provides an AI-powered platform for financial planning and analysis (FP&A).
Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A, Pre-Seed
- Geography: Sweden, Norway, United States
Investor stats
- Total investments: 70
- Round size: Seed $960k–$5.4M; Pre-Seed $420k–$4M; Series A $8.3M–$21M
- Lead/follow: 40% lead, 60% follow
- Last fund: Likely still investing — raised $69M in 2023
Portfolio highlights
- FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
- Ivy Interactive — Ivy is the the AI-first open source .NET framework that helps developers build powerful internal tools faster without reinventing the wheel.Ivy is an open-source tool that makes it incredibly easy to create and deploy .NET applications, powered by AI. Start building smarter applications faster. AI powered .Net development. The ultimate toolkitfor building internal apps - App Generator Turn any database into full-featured backoffice applications in minutes with AI. - Database Generator - Design, build and deploy production quality databases models with AI. - Add Authentication - Ivy provides a variety of build in authentication providers to add sign in to your apps. - Dashboard Generator- Build and deploy dashboard in minutes. - One-Click Cloud Deploy - Deploy to Azure, AWS or GCP in seconds.
- IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
Orkla Ventures promotes innovation and creativity opening up the possibility of investing directly in start-up companies. It focuses primarily on technology, concepts, and business models that might be relevant for Orkla’s businesses. The firm was established in 2017 to reach out to a growing universe of entrepreneurial businesses and startupcompanies engaged in innovation outside established companies.
Show more...Investment focus
- Industry: Software, B2B, Apps
- Stage:Seed, Venture - Series Unknown, Angel
- Geography: Norway, Sweden, United Kingdom
Investor stats
- Total investments: 12
- Round size: Seed $200k–$4.5M; Venture - Series Unknown $4M–$20M
- Lead/follow: 42% lead, 58% follow
Portfolio highlights
- Cerve — Cerve brings together the AI platform, deployment teams and strategic partnership to transform how food and beverage enterprises operate.
- Knodd — With Knodd you get to meet experienced child nurses free of charge .
- Healthily — The path to perfect health starts with self-care and Healthily is here to guide you step by step.
Neptunia is a Swedish investment company, with Nordic ownership, that was founded by the brothers Johan och Mikael Karlsson together with the Ehrnrooth family. Neptunia invests in companies within Real Estate and Finance as well as Defence and Security.
Show more...Investment focus
- Industry: Banking, Cycling, Software
- Stage:Seed, Series A
- Geography: Sweden, United Kingdom
Investor stats
- Total investments: 9
- Round size: Seed $3.9M–$4.2M; Series A $5.5M–$21M
- Lead/follow: 22% lead, 78% follow
Portfolio highlights
- Tendavo —
- Ekolution — Ekolution is a Sustainability & Cycling company.Ekolution AB offers durable, climate-smart prefabricated panels of the natural material hemp lime (hempcrete). Our building materials are not only carbon neutral, but actually carbon dioxide negative (there is more CO2 bound in the hemp than is emitted.
- Volter — Volter software offers a comprehensive solution for commercial and industrial property owners to deploy, manage, and improve solar assets.
Molindo invest in companies at the forefront of innovation, where groundbreaking technology leads to commercial applications.
Show more...Investment focus
- Industry: Battery, Chemical, Marketplace
- Stage:Venture - Series Unknown, Series A, Series B
- Geography: Sweden
Investor stats
- Total investments: 5
- Round size: Venture - Series Unknown $2.4M–$10M
- Lead/follow: 40% lead, 60% follow
Portfolio highlights
- Altris — Altris is a leading developer of sodium-ion batteries, offering superior performance and sustainability. Our innovative energy storage solutions are made from abundant and renewable materials, revolutionizing the way we power the world. Discover our cutting-edge technology today.
- Ecohelix — Ecohelix is a biotechnology company specializing in sustainable materials. Our biopolymer tech is leading the way in developing alternatives to plastics.
- Graphmatech — Graphmatech develops advanced polymer and metal materials for conductivity, gas barrier performance and hydrogen infrastructure applications.
Energy Investor funding in Sweden at a glance
Stats across 753 deals from 819 investors.
Access all 819 investors in Sweden Energy startups.
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