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Top 50 Energy VC Funds & Investors in Sweden (June 2026)

The most active venture capital funds investing in Sweden Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Energy 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
29 Sweden Pre-Seed, Seed Software, Biotechnology, Health Care $5k–$2.7M
Almi Invest
VC Fund
21 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $174k–$2.2M
Course Corrected
VC Fund
13 Sweden, United States Seed, Pre-Seed, Series A Energy, Renewable Energy, Software $66k–$10M
Norrsken VC
VC Fund
10 Sweden, United Kingdom, Germany Seed, Series A Software, Health Care, Food and Beverage $1.1M–$56M
Industrifonden
VC Fund
8 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology $1.1M–$21M
Antler
VC Fund
6 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $104k–$29M
Northzone
VC Fund
5 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$95M
Almi Invest GreenTech
VC Fund
5 Sweden, United States Seed, Series A Manufacturing, Waste Management, Energy $500k–$12M
KTH Holding
VC Fund
5 Sweden Seed, Pre-Seed Software, Information Technology, Biotechnology $270k–$5.5M
Kinnevik
VC Fund
4 United States, Sweden, Germany Series B, Series C, Series A E-Commerce, Health Care, FinTech $2M–$200M
CommerzVentures
VC Fund
4 United Kingdom, Germany, United States Series A, Series B, Series C FinTech, Financial Services, Software $7.3M–$103M
Climentum Capital
VC Fund
4 Sweden, Germany, United States Seed, Series A, Series B CleanTech, Energy, Clean Energy $2.1M–$18M
Midroc New Technology
VC Fund
4 Sweden Seed, Series A Energy, Renewable Energy, Manufacturing
BackingMinds
VC Fund
4 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Software, Agriculture $772k–$8.2M
byFounders
VC Fund
4 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $878k–$12M
Santander InnoEnergy Fund
VC Fund
3 Sweden, Germany, Spain Seed, Series A Energy, Battery, Software $3.3M–$12M
Kiilto Ventures
VC Fund
3 Switzerland, Norway, Sweden Seed, Pre-Seed Software, Construction, Sustainability $1.3M–$2.7M
Headline
VC Fund
3 United States, Germany, Brazil Series A, Series B, Seed Software, E-Commerce, Information Technology $1.2M–$88M
Neptunia Invest
VC Fund
3 Sweden Seed, Series A SaaS, Drones, Cycling $3.3M–$21M
Altor
VC Fund
3 Sweden, Norway, United States Private Equity, Post-IPO Equity Manufacturing, E-Commerce, Energy $8.8M–$2B
SamInvest Mitt
VC Fund
3 Sweden Seed, Pre-Seed Software, Manufacturing, Hardware $318k–$2M
Navigare Ventures
VC Fund
3 Sweden, Denmark Seed, Series A Biotechnology, Energy, Health Care $179k–$21M
Luminar Ventures
VC Fund
3 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
Butterfly Ventures
VC Fund
3 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.4M
Unconventional Ventures
VC Fund
3 Sweden, United Kingdom, Denmark Seed, Pre-Seed, Series A Health Care, Software, Wellness $1M–$18M
Southbay ventures
VC Fund
3 Sweden Seed, Series A Sustainability, Cycling, Construction
H&M Group Ventures
VC Fund
3 Sweden, United States, United Kingdom Series A, Seed E-Commerce, Fashion, Textiles $1.9M–$50M
DHS Venture Partners
VC Fund
3 Sweden Pre-Seed, Seed Software, Big Data, SaaS $180k–$1.8M
Lowercarbon Capital
VC Fund
3 United States, United Kingdom, France Seed, Series A, Series B Renewable Energy, Energy, Biotechnology $3M–$150M
Brightly Ventures
VC Fund
3 Sweden, United States Seed, Series A Software, Information Technology, SaaS $1.2M–$16M
Verdane
VC Fund
2 Sweden, Norway, Germany Private Equity, Series A Software, E-Commerce, Information Technology $4.5M–$100M
Rampersand
VC Fund
2 Australia, United States, New Zealand Seed, Series A, Pre-Seed Software, Financial Services, FinTech $1M–$10M
Wave Ventures
VC Fund
2 Finland, Sweden, Germany Seed, Pre-Seed Software, Internet, Information Technology $165k–$2.1M
SEB Venture Capital
VC Fund
2 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.2M–$23M
Redstone.VC
VC Fund
2 Germany, Finland, France Seed, Series A Software, Information Technology, Health Care
World Fund
VC Fund
2 Germany, United Kingdom, Sweden Series A, Seed, Pre-Seed Sustainability, Energy Storage, Energy
Fort Knox
VC Fund
2 Sweden Series A, Series B Apps, Agriculture, Financial Services
Söderberg & Partners
VC Fund
2 Sweden, United Kingdom Pre-Seed, Seed Mobile, FinTech, Insurance
Inovo.vc
VC Fund
2 Poland, United States, Italy Seed, Pre-Seed, Series A Software, B2B, Apps
2050
VC Fund
2 France, Sweden, United States Series A, Seed, Series B Environmental Engineering, Information Technology, Software
LongRun Capital
VC Fund
2 United States, Sweden, Germany Seed, Series A, Pre-Seed Environmental Consulting, SaaS, Cycling
Sting Capital
VC Fund
2 Sweden Seed, Pre-Seed Software, Apps, Medical
Ålandsbanken
VC Fund
2 Sweden Series A FinTech, Social Impact, Sustainability
European Space Agency
VC Fund
2 Germany, United Kingdom, Sweden Grant, Pre-Seed, Seed Software, Information Technology, Artificial Intelligence
Alfabeat
VC Fund
2 Poland, United Kingdom, United States Seed, Series A, Pre-Seed Software, Marketing, Internet
Eqvitec
VC Fund
2 Finland, Sweden, United Kingdom Series A, Seed Software, Information Technology, Enterprise Software
Imprimatur Capital Fund Management
VC Fund
2 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps
Peak
VC Fund
2 The Netherlands, Germany, Sweden Seed, Pre-Seed Software, SaaS, Information Technology
LIU Invest
VC Fund
2 Sweden Seed, Pre-Seed Biotechnology, Information Technology, Health Care
Access all 458 VC funds in Sweden Energy startups.

Access 48,091 investors

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

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Investor list

Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 29 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Repli5 — Enabling autonomous vehicles with synthetic data. We automate the creation of synthetic data and digital twins.
  • Vesiro — Install our Elasticsearch plugin and keep your current setup. Just faster.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 21 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Standab — Standab is helping cities adopt cleaner, more effective urban mobility systems by offering innovative and eco-friendly parking and charging options, thereby influencing the direction of micromobility.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
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Course Corrected
VC Fund · Stockholm, Stockholms Lan, Sweden · 13 investments in Sweden Energy startups

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 alow-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.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $307k–$10M; Pre-Seed $133k–$8.2M; Series A $66k–$8.1M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fund raised in 2024

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.
  • Engrate — Engrate is the AI-native energy connectivity platform that integrates trading markets, grid systems, and energy data. We eliminate 90% of integration development time, letting you focus on building core value instead of connectivity.
  • Renasens AB
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 10 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • juli — juli helps you manage your chronic condition using artificial intelligence. We first learn everything that's unique about you. Then we guide you to improve your daily life.
  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • Endra
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 8 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • inRiver — Turn product data into a profit maker at every touchpoint with Inriver's market-leading PIM solution that powers the entire product journey.
  • AnaCardio — AnaCardio develops drugs targeting a novel mechanism that improves cardiac contractility and aims to improve clinical outcomes in heart failure.
  • Open Payments — Open Payments connects you to multiple banks through one single unified API. This removes the complexity and frictions of many diverse integrations
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Antler
VC Fund · Singapore, Central Region, Singapore · 6 investments in Sweden Energy startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1205
  • Round size: Seed $196k–$5.8M; Pre-Seed $104k–$1.1M; Series A $4.6M–$29M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Carble — We provide carbon insetting technology to tropical commodity buyers and cash incentives to farmers that protect the forest. Our satellite-powered platform monitors carbon emissions, allowing for deforestation-free farming to be rewarded at scale.
  • Sapyen — We take the fear out of infertility for men. Test for it at home, without stepping out to the hospital and get personalised health recommendations to improve sperm health and increase your chances of conceiving.
  • One Key Access — One Key Access is an interface to the world of couriers to enable 24/7 frictionless deliveries.
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Northzone
VC Fund · London, England, United Kingdom · 5 investments in Sweden Energy startups

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.

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Investment focus

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

Investor stats

  • Total investments: 321
  • Round size: Seed $2.4M–$17M; Series A $4M–$40M; Series B $6.7M–$95M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Stream — Stream is a financial services firm that allows employees to stream their earned wages into their accounts through an instant app. The app allows them to have complete control over when they get paid. It also effectively ends the need for employee advances, loans, and employee stress suffered from short-term, unplanned financial obligations. Thecompany aims to play a key role in reducing the poverty premium and preventing employees from entering cycles of debt caused by overdraft fees, high-interest credit, or payday loans.
  • HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
  • GovDash — Realize allows users to link brokerage accounts, view real-time account data, and place trades from any app. We currently support over 90 million accounts at the largest retail brokerages in the US.We're revenue-generating and backed by top investors like Y Combinator, Craft Ventures, Global Founders Capital, Soma Capital, Olive Tree Capitaland more.
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Almi Invest GreenTech
VC Fund · 5 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 16
  • Round size: Seed $500k–$2.7M; Series A $4.5M–$12M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • Yangi — Yangi is a provider of environmentally friendly packaging solutions.
  • Zparq — Zparq designs and manufactures marine electric propulsion products.
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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 22
  • Round size: Seed $270k–$5.5M
  • Lead/follow: 41% lead, 59% 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.
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Kinnevik
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Energy startups

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 emergingmarkets.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.

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Investment focus

  • Industry: E-Commerce, Health Care, FinTech
  • Stage:Series B, Series C, Series A
  • Geography: United States, Sweden, Germany

Investor stats

  • Total investments: 161
  • Round size: Series A $2M–$50M; Series B $21M–$153M; Series C $40M–$200M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Spring Health — Eliminating barriers to mental healthcare. Clinically-proven technology with world-class providers to deliver precisely what your employees need.
  • Global Fashion Group — Global Fashion Group (GFG) is the leading fashion and lifestyle destination in LATAM, SEA & ANZ.
  • Encube Technologies — Encube's AI-powered 3D industrialization platform helps hardware teams reduce production costs and cut time-to-market by half. Discover how.
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Access 48,091 investors

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

Browse database — It's Free!
CommerzVentures
VC Fund · Frankfurt, Hessen, Germany · 4 investments in Sweden Energy startups

Venture capital investor in early stage FinTech and InsurTech companies starting at Series A in Europe, Israel and the USA.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 67
  • Round size: Series A $7.3M–$30M; Series B $10M–$50M; Series C $13M–$103M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $351M in 2022

Portfolio highlights

  • carbmee — Net zero solutions tailored for your business. Cut carbon, boost efficiency, and drive sustainability. Get in touch with our experts today.
  • 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.
  • Hedvig — Hedvig is a new approach to insurance. It’s about freedom and being ok with your life, no matter what happens to you. We provide fair help everyone’s entitled to.
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Climentum Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Sweden Energy startups

A Venture Capital firm investing into European early-stage tech companies attacking CO2 emissions

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Investment focus

  • Industry: CleanTech, Energy, Clean Energy
  • Stage:Seed, Series A, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $2.1M–$12M; Series A $5M–$18M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $176M in 2022

Portfolio highlights

  • Aegir Insights — We enable strategic decision-making about offshore wind with powerful commercial tools and bespoke research. Discover our latest insights online.
  • Entocycle — Entocycle is developing the world’s most efficient and sustainable way to produce protein. The rainforests and savannahs of South America are being destroyed at shocking rates in order to grow crops such as soy to feed farm animals. Using insects to feed livestock requires significantly less land and water compared to soy whilst being a naturalpart of the diet for many animals including fish, chickens and pigs. Their technology is significantly more efficient at producing protein than traditional methods of production as their insects are vertically farmed and not restricted to floor space or area. Thanks to their automated system they can produce at industrial scale and offer farmers a cost-effective and sustainable alternative to soymeal and fishmeal.
  • Wayout International — WAYOUT offers complete water production systems for local coverage of perfect drinking water on a commercial platform with minimal eco footprint.
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Midroc New Technology
VC Fund · Solna, Stockholms Lan, Sweden · 4 investments in Sweden Energy startups

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.

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Investment focus

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

Investor stats

  • Total investments: 13
  • 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.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Energy startups

We help great minds unleash their full potential!

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Cetasol
  • CemVision — CemVision is an industrial tech company that has been developing CO2-free cement.
  • Helios Innovations — Helios Innovations is an industrial machinery manufacturing industry that develops modular and electrical evaporation plants for water.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Sweden Energy startups, 16 in the past 12 months

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.

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Investment focus

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

Investor stats

  • Total investments: 104
  • Round size: Seed $1.5M–$8M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $117M in 2021

Portfolio highlights

  • Flare — Flare builds infrastructure for a more internet by connecting real-world data with machine learning in a verifiable way.This combines human intelligence with advanced AI to improve the clarity and reliability of information.Its goal is to create a shared, high-quality knowledge foundation that helps people navigate information with confidence.
  • Verda (formerly DataCrunch) — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • Spiral Hydrogen — Spiral Hydrogen's mission is to lower the price of green hydrogen below that of fossil hydrogen, so opening up an industry for decarbonization and making hydrogen transportation and heating commercially viable.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 71
  • Round size: Seed $878k–$5.3M; Series A $1.5M–$12M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • MEGA.AI — MEGA.AI is a SaaS company that is revolutionizing debt collection with AI-powered voice technology, delivering smarter, faster, and more efficient customer interactions. MEGA’s AI Agents provide a precise, compliant, and debtor-friendly solution that manages high call volumes cost-effectively.
  • Standab — Standab is helping cities adopt cleaner, more effective urban mobility systems by offering innovative and eco-friendly parking and charging options, thereby influencing the direction of micromobility.
  • WeWillWrite
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Santander InnoEnergy Fund
VC Fund · 3 investments in Sweden Energy startups

Santander Climate Tech Fund is a venture capital fund managed by Santander Asset Management and EIT InnoEnergy.

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Investment focus

  • Industry: Energy, Battery, Software
  • Stage:Seed, Series A
  • Geography: Sweden, Germany, Spain

Investor stats

  • Total investments: 6
  • Round size: Seed $3.3M–$5.5M; Series A $11M–$12M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • suena — We are revolutionizing the way energy storage and renewables are integrated into power trading. By using cutting-edge forecasting, optimization and algorithmic trading techniques, we're able to reduce risks, maximize as well as stabilize profits on electricity and balancing markets.
  • Zparq — Zparq designs and manufactures marine electric propulsion products.
  • Novatron — A new fusion reactor design for stable plasma confinement and fusion power generation.
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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Energy startups

Kiilto Ventures is a venture capital firm focuses on early-stage starups.

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Investment focus

  • Industry: Software, Construction, Sustainability
  • Stage:Seed, Pre-Seed
  • Geography: Switzerland, Norway, Sweden

Investor stats

  • Total investments: 9
  • Round size: Seed $1.3M–$2.7M
  • Lead/follow: 22% lead, 78% 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.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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Headline
VC Fund · San Francisco, California, United States · 3 investments in Sweden Energy startups

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, Brazil

Investor stats

  • Total investments: 455
  • Round size: Seed $1.2M–$10M; Series A $4M–$30M; Series B $7.7M–$88M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Homa Games — Leave your mark in the gaming industry. We are building a team of extraordinary individuals working together to build apps that entertain the world. We are experts in every step of the publishing process.
  • Acorns — Acorns is a financial wellness app that helps individuals and families save, invest, and grow money automatically through simple, everyday habits.
  • Honeycomb — Honeycomb is a software debugging tool that can help you solve problems faster within your distributed services. Try Honeycomb for free today!
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Neptunia Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

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.

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Investment focus

  • Industry: SaaS, Drones, Cycling
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 8
  • Round size: Seed $3.3M–$4.2M; Series A $5.9M–$21M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Arkion — Skyqraft is a visual data analytics provider helping businesses in the linear infrastructure sector make better decisions about their grid. Today, Skyqraft is a trusted partner of some of the most influential and forward looking critical infrastructure organizations in Europe and North America.
  • 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.
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Altor
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

Entrepreneurs at heart. Engaged in partnerships built on curiosity, creativity and achieving a lasting impact.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Energy
  • Stage:Private Equity, Post-IPO Equity
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 61
  • Round size: Private Equity $329M–$2B; Post-IPO Equity $8.8M–$27M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2019

Portfolio highlights

  • Aira — Aira operates as a clean energy-tech company.
  • CCM Hockey — Shop all the latest hockey equipment from skates, sticks, protective, goalie, apparel and much more! Latest Innovation & Tech in hockey. 30 day free & easy returns. 30 day satisfaction guarantee on all skates. All out. All the time.
  • Stegra — H2 Green Steel will be a fully integrated, digitalized and automated greenfield steel plant. By bringing together raw materials, renewable energy, local expertise, and artificial intelligence, we aim to bring emissions down to zero.
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SamInvest Mitt
VC Fund · Härnösand, Vasternorrlands Lan, Sweden · 3 investments in Sweden Energy startups

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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Investment focus

  • Industry: Software, Manufacturing, Hardware
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $318k–$2M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $2.1M in 2013

Portfolio highlights

  • The Fit — The Fit is turning every smartphone into a body scanner. The company develops mobile 3D body scanner technology that gives users digital body ID that can be used to shop the right size, measure order products or virtual try clothes.
  • Learnster — Learnster develops the LMS of tomorrow for growing organizations aspiring to achieve maximum learning in minimum time.
  • Brick Technology — Rent-on-the-go with Brick powerbank sharing: convenient on-the-move charging solution! Suitable for all devices.
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Navigare Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • AlixLabs — AlixLabs is a Swedish semiconductor startup, founded in 2019.
  • EnginZyme — EnginZyme is a biotechnology company that specializes in biocatalysis. It creates products for easy and cost-efficient implementation of biocatalytic processes and helps the chemical industry transition to a sustainable way of operating.The company is driven by a mission to make biocatalysis the first choice for chemical process designersworldwide.
  • Pixelgen Technologies — Understand the role of proteins in cellular organization with spatial proteomics. Get ahead in the field of proteomics with us.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.

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Investment focus

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

Investor stats

  • Total investments: 63
  • Round size: Seed $960k–$5.4M; Series A $2.9M–$21M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • xNomad — Find retail shops to rent in Stockholm, Copenhagen, Olso, Helsinki and across the Nordics. Choose from prime retail spaces rent, retail & pop-up shops, shopping centre and event spaces.
  • FirstQFM — FirstQFM offers patent-pending AI 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.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 3 investments in Sweden Energy startups

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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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 87
  • Round size: Seed $219k–$2.1M; Pre-Seed $110k–$4.4M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Atium — Clean water is one of the largest future challenges we stand before, and toxic pollutants are a large contributing factor. Heavy metals are some of the most toxic chemicals to human health and it is our goal, through our innovation, to contribute to a world where water treatment is more environmentally friendly and effective. Atium exists to helpensure clean water, for everyone.
  • Reactional Music — Reactional Music is creating a new commercial layer for the global games industry that uses premium, licensed music to drive both user acquisition and player engagement. The company’s technology allows developers and publishers to integrate commercial music at two critical points in the player lifecycle:- Music in User Acquisition – improvingconversion, ROI, and campaign lifespan in playable ads and performance marketing.- Music in Games – increasing retention, session length, and monetization through adaptive, personalized music experiences.Reactional’s platform combines a patented rule-based adaptive music engine, a licensed catalog of more than six million tracks, and an automated rights and royalty system. The technology is already integrated with Unity and Unreal and is deployed across live projects with leading publishers and studios.
  • Popit — Popit makes medication connected with a unique, medical grade solution. It tracks medication use automatically and reminds ONLY if you miss. Developed together with healthcare professionals.
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Unconventional Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Sweden Energy startups, 7 in the past 12 months

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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Investment focus

  • Industry: Health Care, Software, Wellness
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, United Kingdom, Denmark

Investor stats

  • Total investments: 17
  • Round size: Seed $1M–$5.2M; Pre-Seed $1.5M–$2.8M; Series A $4.8M–$18M
  • Lead/follow: 35% lead, 65% 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.
  • Octarine Bio — Octarine Bio is a world leading synthetic biology platform with a core mission to drive bio-based, sustainable solutions to address the most pressing planetary issues through innovation & exploration. Inspired by nature, to protect nature.
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Southbay ventures
VC Fund · 3 investments in Sweden Energy startups

Southbay Evergreen is a investment firm.

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Investment focus

  • 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.
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H&M Group Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

H&M Group Ventures is the venture capital arm of the H&M Group.

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Investment focus

  • Industry: E-Commerce, Fashion, Textiles
  • Stage:Series A, Seed
  • Geography: Sweden, United States, United Kingdom

Investor stats

  • Total investments: 57
  • Round size: Seed $2M–$7.1M; Series A $1.9M–$50M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • AltMat
  • Rondo Energy — Zero-Carbon Industrial Heat: The Rondo Heat Battery provides low-cost, zero-emission heat for global industry.
  • Rubi Laboratories — Rubi Laboratories turns carbon emissions into carbon-negative textiles for the fashion industry, with a proprietary synthetic biology technology.
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DHS Venture Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

DHS Ventures, Stockholm School of Economics alumni angel investing network that invests early on into inovative companies.

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Investment focus

  • Industry: Software, Big Data, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 24
  • Round size: Seed $180k–$1.8M; Pre-Seed $400k–$1.4M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Noru — Noru builds an AI-native platform for regulatory compliance.
  • Divly — Divly simplifies and automates declaring taxes on your crypto trading.
  • Normain — Normain is the AI platform for deep knowledge work. Automate your complex analyses and reports directly on Sharepoint or Google Drive. Access your own data and public sources in one single platform.
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Lowercarbon Capital
VC Fund · New York, New York, United States · 3 investments in Sweden Energy startups

Lowercarbon Capital backs kickass companies slashing CO2 emissions, sucking carbon out of the sky, and buying us time to unf**k the planet.

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Investment focus

  • Industry: Renewable Energy, Energy, Biotechnology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 189
  • Round size: Seed $3M–$12M; Series A $11M–$50M; Series B $21M–$150M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $350M in 2022

Portfolio highlights

  • Flair — Smart climate control in every room. Wireless smart thermostats and Smart Vents for Central Heating & AC, Mini Splits, Window ACs, Nest, Ecobee, and more
  • Quilt — Quilt is the best home climate system available. Our electric, energy efficient heat pump uses smart technology to save homeowners money and cut emissions.
  • Zap Energy — Zap Energy's fusion reactor stabilizes plasma using sheared flows rather than magnetic fields. Driving electric current through the flow creates the magnetic field, which confines and compresses the plasma. The higher the current, the greater the pressure and density in the plasma. Zap Energy's reactor is the least expensive, mostcompact, most scalable solution with the shortest path to commercially viable fusion.
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Brightly Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Energy startups

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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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $1.2M–$4.2M; Series A $3.4M–$16M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Hooked Foods — Leading the transition to a harmless seafood system by serving healthy vegan seafood for everybody to truly enjoy.
  • 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.
  • Collective Minds Radiology — 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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Verdane
VC Fund · Oslo, Oslo, Norway · 2 investments in Sweden Energy startups

The preferred growth partner to tech-enabled businesses in Northern Europe.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Private Equity, Series A
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 131
  • Round size: Series A $4.5M–$29M; Private Equity $10M–$100M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $8.6M in 2013

Portfolio highlights

  • Vaadin — Vaadin is an open-source platform for modern web apps. It has a large library of components and an intuitive Java API. Works with Spring, CDI, and all of Java.
  • Meltwater — Discover how Meltwater helps PR and marketing teams monitor media coverage across both news and social media and enhance brand management.
  • Hornetsecurity — Hornetsecurity offers fully managed cloud security solutions including Cyber Security, Backup, Compliance & Risk Governance
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Rampersand
VC Fund · Melbourne, Victoria, Australia · 2 investments in Sweden Energy startups

We back ambitious ANZ tech founders from inception to seed, with proven support, no empty promises, and a track record of helping startups scale smarter.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Australia, United States, New Zealand

Investor stats

  • Total investments: 60
  • Round size: Seed $1M–$4.7M; Pre-Seed $1.3M–$1.5M; Series A $2.9M–$10M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Restoke — Your restaurant, Your rules. Automate your process and let your team deliver
  • Cuttable — The AI ad creative production system for high-growth DTC brands. Scale Meta ad volume and variation without scaling headcount. Built for performance teams.
  • Parachute
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Wave Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Sweden Energy startups

Founded in 2016, Wave Ventures is the largest student-run VC in Europe, backed by Nordic unicorn founders, investing in Gen Z entrepreneurs at the earliest stage. We operate both from Finland and Sweden with a team of five people from the top universities in the region.

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $329k–$2.1M; Pre-Seed $165k–$1.6M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CRACI — CRACI is a platform that automates EU Cyber Resilience Act compliance for product and service companies. It also secures software supply chains against attacks and vulnerabilities.
  • CYBRET AI — CYBRET AI is an AI security research and development lab that develops autonomous security solutions with humans in and not in the loop.
  • Newly — Newly is the easiest way to build and ship cross-platform mobile apps — no senior engineering team required.Our mission is to empower a new generation of builders to launch high-quality native mobile apps without getting blocked by code, complexity, or cost.We’re building the first truly accessible mobile app development tool — combining thespeed of no-code with the power of real code when you need it — and opening the door for the estimated 99.5% of people who currently can’t build mobile apps on their own.Newly is used by early-stage founders, junior developers, designers, and product teams who want to ship faster and smarter.
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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Energy 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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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 2 investments in Sweden Energy startups, 6 in the past 12 months

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Germany, Finland, France

Investor stats

  • Total investments: 146
  • Lead/follow: no public data

Portfolio highlights

  • Aslan — Aslan a platform or solution designed to enhance employee benefits by offering more customizable and flexible compensation options.
  • Ochy — Ochy is an app that uses AI to analyse running form and gait to identify weak points and provide recommendations on what to do to improve.
  • Covision Media — Covision Media specializes in creating high-quality, relightable 3D models using their industrial 3D scanners. These scanners capture detailed surface information and PBR textures, and are designed for easy integration into virtual environments.
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World Fund
VC Fund · Berlin, Berlin, Germany · 2 investments in Sweden Energy startups

European VC backing entrepreneurs who build climate tech that can save at least 100Mt CO2e emissions per year.

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Investment focus

  • Industry: Sustainability, Energy Storage, Energy
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Germany, United Kingdom, Sweden

Investor stats

  • Total investments: 27
  • Lead/follow: no public data

Portfolio highlights

  • Anaphite — A breakthrough nanomaterial
  • Freshflow — Freshflow is harnessing AI to build the food supply chain technology of the future and tackle global food waste.
  • NetZeroNitrogen — Synthetic nitrogen fertilizer is estimated to contribute 1 billion+ tonnes of CO2e annually to global warming!
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Fort Knox
VC Fund · Umeå, Vasterbottens Lan, Sweden · 2 investments in Sweden Energy startups

Fort Knox is a family-owned growth engine that invests in entrepreneurs to grow and develop.

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Investment focus

  • Industry: Apps, Agriculture, Financial Services
  • Stage:Series A, Series B
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Arevo — Arevo offers liquid and granular amino acid fertilizer technologies for faster and better plant establishment.
  • Elastisys — Succeed with your cloud native journey as an organization developing and operating software critical to our society. NIS2, ISO-27001, GDPR.
  • Impactpool — Job vacancies in the European Union, United Nations and International Organizations.
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Söderberg & Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Energy startups

Söderberg & Partners offers a wide range of services and products within multiple business areas including: Life and Non-Life Insurance Consulting, Wealth Management and Securities.

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Investment focus

  • Industry: Mobile, FinTech, Insurance
  • Stage:Pre-Seed, Seed
  • Geography: Sweden, United Kingdom

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Datia — Datia's products automate your sustainability workflows, data collection and reporting. Easily report on the EU Taxonomy, SFDR and more!
  • Babel Cover — Babel Cover is a provider of sustainable and transparent rewards-linked digital insurance.
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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Sweden Energy startups, 6 in the past 12 months

VC for the most ambitious founders in CEE

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Investment focus

  • Industry: Software, B2B, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, Italy

Investor stats

  • Total investments: 57
  • Lead/follow: no public data

Portfolio highlights

  • SplxAI — The SplxAI platform is the first complete pentesting solution for Conversational AI apps. Secure your AI systems proactively with automated vulnerability assessments and mitigation.
  • Pythagora — Dev tool that uses AI to generate integration tests by analysing server activity without the developer having to write a single line of code
  • Quantia — A powerful and easy to use analytics platform for tracking, analyzing and understanding the performance of your brand in the ecommerce world.
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2050
VC Fund · Paris, Ile-de-France, France · 2 investments in Sweden Energy startups

Crafting a fertile future through Finance

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Investment focus

  • Industry: Environmental Engineering, Information Technology, Software
  • Stage:Series A, Seed, Series B
  • Geography: France, Sweden, United States

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Paebbl — Captured carbon re-stored into raw materials. We put CO2 to good, permanent use in carbon-negative minerals through the process of CO2 mineralisation.
  • Settly — Settly helps you attract and retain international talent with a full suite of relocation services and support for HR teams and employees through our app and community.
  • Bene Bono — Hors Normes is a distributor of fruits and vegetables intended to help farmers.
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LongRun Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Energy startups

Longrun Capital is a seed-stage capital focused on a sustainable, equitable, and prosperous world based in the Nordics.

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Investment focus

  • Industry: Environmental Consulting, SaaS, Cycling
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Sweden, Germany

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • CNaught — Your complete carbon credit solution
  • 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.
  • Levanta — Levanta is an Amazon and Walmart Affiliate Marketing platform that helps Sellers build partnerships directly with revenue-generating creators, influencers, and affiliates.
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Sting Capital
VC Fund · Kista, Stockholms Lan, Sweden · 2 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Prion — Prion makes it quick and easy for the preschool staff to give parents insight into what happens at preschool - together with the children. The app is available free for iPhone, Android and iPad.
  • Texelio — Texelio a company who is set to redefine financial market news by developing AI which empowers the customers of Retail banks, Online Brokers and Investment Service platforms.
  • Minnemera — Minnemera develops digital neurocognitive tests.
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Ålandsbanken
VC Fund · Mariehamn, Aland, Finland · 2 investments in Sweden Energy startups

Alandsbanken provides retail banking, corporate finance, asset management, and private banking services to institutions and individuals.

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Investment focus

  • Industry: FinTech, Social Impact, Sustainability
  • Stage:Series A
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Doconomy — Doconomy is a Sweden-based fintech company that offers digital banking services. Their vision is of enabling a sustainable lifestyle for everyone. Doconomy wants to inspire change in behaviour and reduce unsustainable consumption and carbon emissions. Doconomy activates a circular ecosystem, connecting the consumer, the producer, the retailer andinfluencer to futureproof planet earth, and achieve a sustainable lifestyle for all.
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European Space Agency
VC Fund · Paris, Ile-de-France, France · 2 investments in Sweden Energy startups

The European Space Agency (ESA) is Europe’s gateway to space. Its mission is to shape the development of Europe’s space capability and ensure that investment in space continues to deliver benefits to the citizens of Europe and the world. ESA is an international organisation with 22 Member States. By coordinating the financial and intellectualresources of its members, it can undertake programmes and activities far beyond the scope of any single European country.ESA’s budget for 2017 is €5.75 billion. ESA operates on the basis of geographical return, i.e. it invests in each Member State, through industrial contracts for space programmes, an amount more or less equivalent to each country’s contribution. There are around 2200 staff working for ESA, from all the Member States and include scientists, engineers, information technology specialists and administrative personnel.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Germany, United Kingdom, Sweden

Investor stats

  • Total investments: 46
  • Lead/follow: no public data

Portfolio highlights

  • Forsway — Forsway is a satellite systems designer focused on the creation of end-user low-cost hybrid satellite / terrestrial telecommunication terminals. Forsway's leadership in innovation responds to one key requirement: cost efficiency in the provision of broadband services to end users.Forsway coordinates the development of new products withthe key players in the satellite and wireless industries (including the European Space Agency, some of the major Satellite Service Providers and Telco operators worldwide), applying the state of the art in technology to enable the generation of high tech / low cost end user terminals that can maximize the use of both satellite and terrestrial networks capacity: support for DVB-S2 waveforms (including VCM and ACM outbound modes, up to 16APSK demods), support for 3G WCDMA/HSPA (also GPRS/EDGE).Forsway’s mission remains to contribute in the bridging of the digital divide by applying maximum efficiency in the operation of hybrid terrestrial/satellite telecommunication networks.
  • Hula Earth — Hula Earth is a tech start-up revolutionizing biodiversity monitoring by combining satellite data and IoT measurements for precise reporting and verification.
  • Horizon Microfabrication — The goal of Horizon is to provide clients with revolutionary micro-scale conductive parts and components to succeed. Horizon provides a comprehensive 3D microfabrication production process chain under one roof, together with extensive experience in the design and development of 3D microparts.
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Alfabeat
VC Fund · Gdansk, Pomorskie, Poland · 2 investments in Sweden Energy startups

Welcome to Alfabeat, a specialist seed and early stage venture capital fundfocused on Enterprise SaaS companies from Central and Eastern Europe,backed by successful enterprise software founders.

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Investment focus

  • Industry: Software, Marketing, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Poland, United Kingdom, United States

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • SunRoof — Roof of the future
  • Monetizr — Monetizr connects brands with 340M+ Gen Z and Millennial gamers through rewarded, native experiences in mobile games, driving engagement, brand favorability, and purchase intent in one of the most immersive media channels.
  • Fluency — Fluency is a blockchain-empowered CBDC proprietary platform revolutionizing the existing financial system. Their blockchain enterprise smart contract platform was developed for the purpose of building and interconnecting national multi CBDC networks. Fluency Aureum allows issuance, distribution, and exchange of multi-CBDCs between central banks,commercial banks, merchants, and consumers. The company's proprietary technology is specifically tailored with the idea of bringing technological and economical innovations of digital currencies to the existing financial system.It was incorporated in 2019, headquartered in London, UK with subsidiaries in Delaware, US, and Dublin, Ireland.
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Eqvitec
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Sweden Energy startups

Eqvitec Partners is a privately owned and independent Nordic private equity firm, advising six funds with a total capital base of over €500 million. Equity funds invest in technology companies in all phases from early-stage to buyouts. Mezzanine funds focus on buyouts and expansion financing.Eqvitec Partners offers a combination of experienceand expertise to companies with an attractive business model and solid growth potential. They spend a lot of time with the portfolio companies working closely with the management on a board level. Their aim is to add significant value, particularly via intellectual capital, with a focus on strategy implementation and business development. In addition, they bring a significant network and financial know-how to their portfolio companies. Eqvitec funds typically exit the investments after 3-6 years through a trade sale or a stock exchange floatation.Eqvitec Partners was established in 1997 and currently has 15 employees in the Helsinki and Stockholm offices.They are a member of the Finnish Venture Capital Association (FVCA), Swedish Venture Capital Association (SVCA), European Private Equity and Venture Capital Association (EVCA) and Nordic Venture Network (NVN).

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series A, Seed
  • Geography: Finland, Sweden, United Kingdom

Investor stats

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

Portfolio highlights

  • Norstel — Norstel AB manufactures and develops wide bandgap semiconductor materials, including silicon carbide (SiC) wafers and epitaxial layers.
  • eBuilder — eBuilder is a global company that optimizes and automates administrative processes for corporations and public sector agencies through IT-based business process outsourcing.
  • MediSapiens — MediSapiens provides software solutions to clients in the biomedical field. Our solutions turn biomedical data into new insights and knowledge. Our clients
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 2 investments in Sweden Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 81
  • Lead/follow: no public data

Portfolio highlights

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

European early-stage venture capital fund backed 100% by founders. Helping Pre-Seed and Seed SaaS, Marketplaces & Platforms with their Go-To-Market.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 99
  • Lead/follow: no public data

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Delfio — Delfio is a data-driven procurement platform that facilitates collective purchase for professional buyers around Europe.
  • Stack — Stack is an immersive experience of the internet with collaboration at its core. Achieve more with your peers in an organized environment
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LIU Invest
VC Fund · Linköping, Ostergotlands Lan, Sweden · 2 investments in Sweden Energy 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, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • LunaMicro — Technology company developing textile pumps based on electroosmosis and conducting polymers for a wide variety of applications including outdoor clothing, PPE, and medicine.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Energy VC funding in Sweden at a glance

Stats across 439 deals from 458 investors.

458
investors
in Sweden Energy startups
439
deals
in Sweden Energy startups
$2.9M
median round
in Sweden Energy startups
46%
lead investors
lead at least one round
19%
Seed
most common funding stage

Access all 458 VC funds in Sweden Energy startups.

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