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Top 50 Energy VC (Venture Capital) Funds in Sweden in November 2024

Last updated: Nov 2024 A list of 50 VC (Venture Capital) funds that invest in Energy startups based in Sweden. We rank investors based on the number of investments they made in Energy companies from Sweden. We update this investor list every month.

Top 50 Energy VC (Venture Capital) Funds in Sweden in November 2024

Investor	Energy Sweden investments
Chalmers Ventures AB	26
Almi Invest	20
Norrsken VC	10
Midroc New Technology	6
Industrifonden	6
KTH Holding	5
Northzone	4
Kinnevik	4
CommerzVentures	4
Almi Invest GreenTech	4
Brightly Ventures	3
Neptunia Invest	3
DHS Venture Partners	3
H&M Group Ventures	3
SMOK Ventures	3
Altor	3
Subvenio Invest	3
SamInvest Mitt	3
Headline	3
Antler	3
Partnerinvest Norr	2
Visive Capital	2
Fort Knox	2
Verdane	2
Wiklöf Holding	2
SoftBank	2
Wellstreet	2
Ålandsbanken	2
Gullspång Invest	2
Sting Capital	2
EXOR N.V.	2
SEB Venture Capital	2
byFounders	2
BackingMinds	2
Spintop Ventures	2
Navigare Ventures	2
KnowledgeHub	2
2050	2
CBC Investment Group	2
Wave Ventures	2
Mastercard	2
LIU Invest	2
Ingka Investments	2
World Fund	2
Klimatet Invest	2
Söderberg & Partners	2
NordicNinja VC	2
Alfabeat	2
Inovo.vc	2
FINCA Ventures	2

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Investor list

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

Investment focus

Software, Health Care, Energy
Pre-Seed, Seed, Funding Round
Sweden

Portfolio highlights

Eneryield — We are specialized in predicting power outages with Sensorless Explainable AI. This enables proactive meassures.
Korall Carbon Capture — Korall Carbon Capture is a pioneering company in Sweden specializing in Direct Air Capture (DAC) technology. KORALL offers a product in the form of a chemical blend that actively captures carbon dioxide as soon as it comes into contact with the air.
ZeroPoint Technologies — ZeroPoint Technologies AB was created in 2016 as a spinout from Chalmers University of Technology. The Intellectual Property Portfolio related to computer memory management was the acquired from the University and transferred into a new startup.The Technology, ideas and many of the people behind and with ZeroPoint comes from Professor PerStenströms research group, which is internationally recognized for excellence within high-performance Computing. Since its creation, ZeroPoint has attracted skilled people from industry, finance and the startup community and raised its’ first round of Venture Capital in 2016.

ALMI Invest is a venture capital company which invests in Swedish companies with exciting, scalable business models and motivated entrepreneurs. ALMI Invest consists of eight regionally based venture capital funds, all with local offices and experienced local investment managers. We manage a total of SEK 1 billion. Unlike most venture capitalists,we can invest in a wide range of businesses. A strong team of entrepreneurs, a scalable business model and an initial revenue stream are more important than the line of business when we invest.Our first, initial investment would typically be SEK 2-4 million. During the lifetime of an investment, sums of up to SEK 10 million can be ventured. We always syndicate with an investment partner (another venture capitalist or angel investor) from Sweden or otherwise which means that we can take a maximum of 50 percent of an investment round.ALMI Invest was founded in 2009 by ALMI Fretagspartner together with regional investors. Half of our capital comes from European Union structural funds, which accounts for an investment of SEK 500 million. The other 50 per cent comes from regional investors and ALMI Fretagspartner.

Investment focus

Software, Health Care, Information Technology
Funding Round, Seed, Pre-Seed
Sweden, United States, United Kingdom

Portfolio highlights

FLOX — Transforming global wildlife interactions with autonomous technologies. From fields to airports, we redefine boundaries for coexistence.
RemotiveLabs — RemotiveLabs is a developer of an automotive software development platform designed to streamline the vehicle manufacturing process.
GAIA BioMaterials — GAIA BioMaterials is the manufacturer of a bio-degradable product that offers pouch, tray, and bottle products.

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

Investment focus

Software, Health Care, Food and Beverage
Seed, Series A, Funding Round
Sweden, United Kingdom, Germany

Portfolio highlights

alcemy — Concrete is the most widely used building material on our planet. The only thing mankind uses more of is water. With a wave of urban development coming in the next few decades, concrete is also a rapidly growing trillion-dollar market. However, cement and concrete production is responsible for 8% of the global CO2 emissions, making its growth a bigcause for concern.Low-carbon concrete exists - but until now it has been too sophisticated to be produced reliably and on a large scale. It contains very little burnt limestone - responsible for the strength of concrete and CO2 emissions. This makes low-carbon concrete vulnerable to fluctuations in raw materials and operating conditions and thus difficult to produce with reliable quality. Adding to the challenge: the final quality of concrete can only be measured weeks AFTER it has been processed on the construction site - far too late to be corrected. This is why our world is still built on more robust, high-carbon concrete. Using alcemy's software, cement and concrete producers receive precise quality predictions already during production. Based on these prediction models, our AI identifies which production parameters need to be adjusted to mitigate the impact of fluctuations. Thus, the quality of cement and concrete can be optimized BEFORE delivery – for the first time in history.The result is significantly more consistent product quality, allowing producers to safely replace burnt limestone with less expensive, low-carbon materials found in nature. In this way, they can also avoid payments for CO2 emission certificates in the EU. Saving costs, bringing production processes up to speed for 21st century concrete recipes, and saving half of Europe’s CO2 emissions goes hand in hand at alcemy. Join us on our journey to make low-carbon concrete a reality!
Vind AI — Experience the future of wind project planning with Vind AI. Design with real-time data, advanced optimization, and seamless collaboration.
terralayr — At terralayr, we're not just offering storage and batteries; we're pioneering a new era of energy flexibility. In a world where renewable energy is on the rise, the need for flexibility in energy storage has never been more crucial. That's where we come in.

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.

Investment focus

Energy, Renewable Energy, Manufacturing
Funding Round, Seed, Series A
Sweden

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 is a turnkey supplier of wave energy systems, enabling customers to generate clean electricity from ocean waves - bringing stability to the renewable energy mix.
Reliefed Technologies — Reliefed Technologies globally patented 3D-production method -z.trusion®, enable 3D mass-production in 2D-production lines. This enables large energy and cost savings and higher performance -especially in New energy applications such as bipolar flowplates for fuel cells/electrolyzers/heatexhangers, electrodes and EV-batteries . Thepatented, disruptive 3D-production technology enable radical cost and energy savings especially in new-energy sector f.ex: in production of bi-polar flow-plates used in fuel-cells and electrolyzers the savings are 97% less energy use, 10 times higher production speed and 95% less Capex per production capacity unit. The technology also enables recycling and large material and weigh savings. It can also enable increased performance in weight-saving and cooling in EV-batteries. Reliefed run industrialisation/implementation projects with leading multinational OEM´s and Tier1 suppliers in energy, transportation and building sectors. Currently Reliefed hold 44 granted patents from US in west to Japan, Korea and China in east, based on the founders invention. The technology enable higher product performance and cost savings in production -especially in energy solutions such as: Li Ion batteries: increased electrochemical reaction surface in electrodes (anodes & Cathodes in Li-ion batteries ), structurally/thermally optimesd EV-modules that can be charged in 6 minutes, bipolar flow plate production for electrolyzers, fuel-cells, reactors and heat-exchangers.

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.

Investment focus

Software, Biotechnology, Information Technology
Funding Round, Series A, Seed
Sweden, United States, Denmark

Portfolio highlights

Arevo — Arevo offers liquid and granular amino acid fertilizer technologies for faster and better plant establishment.
Telness Tech — We help telcos maximize customer happiness and minimize OPEX through automation. Our proprietary, cloud-based, end-to-end BSS/OSS platform is connectivity ready in 64 countries.
ZeroPoint Technologies — ZeroPoint Technologies AB was created in 2016 as a spinout from Chalmers University of Technology. The Intellectual Property Portfolio related to computer memory management was the acquired from the University and transferred into a new startup.The Technology, ideas and many of the people behind and with ZeroPoint comes from Professor PerStenströms research group, which is internationally recognized for excellence within high-performance Computing. Since its creation, ZeroPoint has attracted skilled people from industry, finance and the startup community and raised its’ first round of Venture Capital in 2016.

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.

Investment focus

Software, Information Technology, Biotechnology
Funding Round, Seed, Pre-Seed
Sweden

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.

Northzone is a multi-stage venture capital fund that seeks to invest in the healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming industries.

Investment focus

Software, E-Commerce, FinTech
Series A, Series B, Seed
United States, Sweden, United Kingdom

Portfolio highlights

TrueLayer — We power faster and safer online payments with our open banking payments network. Onboard users, accept payments & make payouts in seconds. Learn more today.
AirForestry — AirForestry thins forests in a completely new way, namely from the air. #Re-inventing Forestry
Yonder — A modern lifestyle credit card packed with rewards, no foreign exchange fees, and loads more. Apply without needing a UK credit score.

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.

Investment focus

E-Commerce, Health Care, Internet
Series B, Series C, Funding Round
United States, Germany, Sweden

Portfolio highlights

TravelPerk — TravelPerk offers the freedom travelers want, and the control companies need. Enjoy an industry-leading travel inventory, 24/7 support and easy booking.
Mews — Cloud-native, Mews PMS is an innovative hospitality management system that enables automation to boost revenue and empowers remarkable guest experiences.
Enveda Biosciences — Enveda Biosciences is a biotechnology company building new medicines from plants. It harnesses the complexity of the natural world to tackle today’s biggest healthcare challenges. With the help of the advancements in knowledge graphs, machine learning, and metabolomics, they discover the next generation of small molecules. Its technologiessystematize the discovery of small molecules and novel targets for complex diseases. By probing novel chemical space and mechanisms of action, they are breaking the status quo for challenging diseases with a need for effective treatments, such as fibrosis or neurodegeneration.Enveda, launched in 2019, is based in San Francisco, California.

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

Investment focus

FinTech, Financial Services, InsurTech
Series B, Series A, Series C
United Kingdom, Germany, United States

Portfolio highlights

Tuum — Our cloud-native API-first core banking platform enables any business to rapidly offer seamless, tailored financial services to their customers.
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.
lemon.markets — lemon.markets provide a REST API to support creating and executing orders at the stock market and retrieving market data.

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

Investment focus

Waste Management, Energy, Manufacturing
Funding Round, Seed, Series A
Sweden

Portfolio highlights

Zparq — Zparq designs and manufactures marine electric propulsion products.
Modvion — Modvion is a Swedish/ American Engineering and Industrial Design company developing modular designs in renewable engineered wood product materials to simplify and improve construction logistics.Their current area of focus is in wind tower technology. Modvion´s patented module technology enables significantly decreased cost, efficienttransportation and streamlined installation of towers exceeding 120 m. Ultimately, this results in increased cost efficiency in the harvesting of wind resources.
EnginZyme — EnginZyme is a biotechnology company that specializes in biocatalysis. It creates products for easy and cost-efficient implementation of biocatalytic processes and helps the chemical industry transition to a sustainable way of operating.The company is driven by a mission to make biocatalysis the first choice for chemical process designersworldwide.

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.

Investment focus

Software, Information Technology, SaaS
Seed, Series A, Funding Round
Sweden, United States

Portfolio highlights

Zevoy — Expense management solution
Adway — Adway specializes in recruitment marketing, employer branding, Hr-tech and candidate journey solutions.
Worldfavor — Worldfavor is the first to bring sustainability and compliance information based on established frameworks to one global platform. We connect businesses around the world to share sustainability information with each other through one platform, where they can also manage and excel their own performance in a secure, collaborative space. We helpbusinesses avoid manual spreadsheets and stiff, expensive software. Simply because we want you to save time and resources for your impact, and because modern technology can enable so much more.The vision is to be global de-facto information platform for sustainable decisions, serving any actor with sustainability/compliance data (business data 2.0) on any organization from one shared platform where they also manage it. The SaaS covers all sustainability/compliance needs under one roof: Manage Sustainability, Visualize Sustainability and data collection and assessment of any type of partners in the Value Chain, such as suppliers or portfolio companies.

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.

Investment focus

SaaS, Drones, Cycling
Seed, Series A, Funding Round
Sweden

Portfolio highlights

Norban — Norban is a tech enabled real estate company. The company has created a new and better way to buy and sell homes. It enables all homeowners to digitally join their own marketplace, Pre-Market™, and sell if they get the right offer from the right buyer. All transactions are facilitated by Norban's own technology-empowered brokers who take careof every single aspect of the transaction. Selling your home on the Pre-Market™ comes with a 0 SEK commission for the seller. Norban combines new technology with a full-scale brokerage service to offer a better experience for anyone who will buy or sell a home. It was founded in 2019 and is based in Malmö, Skane Lan, Sweden.
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.

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

Investment focus

Software, Big Data, Mobile Apps
Funding Round, Pre-Seed, Seed
Sweden

Portfolio highlights

Divly — Crypto taxes without the headache. 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.
Circulate — Find the best packaging for you and the planet in our marketplace

H&M CO:LAB is the venture capital arm of the H&M Group.

Investment focus

E-Commerce, Fashion, Sustainability
Series A, Funding Round, Series B
Sweden, United States, United Kingdom

Portfolio highlights

Syre — Syre is a textile impact company with a mission to decarbonize and dewaste the industry through textile-to-textile recycling at hyperscale.
eComID — eComID is the world's first and only Proactive Software built for retail brands and businesses to Reduce and Prevent Product Returns.
A Retro Tale — A Retro Tale is an online boutique in Stockholm that sells exclusive vintage and second-hand fashion accessories from luxury brands. You can find bags, watches, and more from Chanel, Hermes, Louis Vuitton, and others.

Bridging Silicon Valley to CEE

Investment focus

Software, Information Technology, SaaS
Seed, Pre-Seed, Funding Round
Poland, United States, Ukraine

Portfolio highlights

Authologic — Authologic is a system that helps businesses in checking the identity of their clients online.Authologic is a provider of identity verification solutions that includes tools for determining identity through online video, data, and digital IDs.Krzysztof Klimczak, Jarek Sygitowicz, and Marek Rogoziński founded Authologic in 2020 and is based inWarsaw, Poland.
Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
Proteine Resources — We want to revolutionize the feed and food market, build robotic factories, process bio-waste in high-quality protein, fat and fertilizer insects.

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

Investment focus

Manufacturing, E-Commerce, Renewable Energy
Private Equity, Funding Round, Post-IPO Equity
Sweden, Norway, United States

Portfolio highlights

Aira — Aira operates as a clean energy-tech company.
H2 Green Steel — 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.
Marshall Group — Marshall Group is formed by merging Zound Industries and Marshall Amplification companies.

Subvenio Invest

Investment focus

Software, Information Technology, CMS
Seed, Funding Round
Sweden

Portfolio highlights

Gridly — Gridly is a cloud-based AI-powered content management online platform tailor-made for games and digital products. By connecting development, design, and localization teams and their tools, Gridly serves as a single source for effective content management. Thanks to flexible content modelling, granular access and version control, Gridly improvescollaboration and streamlines content management and localization for your games or apps.
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.
Holm Security — Empowering companies struggling to gain insight into their cyber security landscape.

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.

Investment focus

Software, Manufacturing, Hardware
Funding Round, Seed, Pre-Seed
Sweden

Portfolio highlights

The Fit — Let our AI-powered fitting technology improve your customer experience and bottom line.
Learnster — Learnster develops the LMS of tomorrow for growing organizations aspiring to achieve maximum learning in minimum time.
Brick Technology — Brick is an app that solves the problem of electronics running out of battery. Download our app and find the nearest Brick station on the map, then rent a power bank (with cables) to charge your phone, tablet, headphones or whatever it is that is running out of battery. Return the power bank to any Brick station so that you can charge on the go.Stay in charge.

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.

Investment focus

Software, E-Commerce, Information Technology
Series A, Series B, Seed
United States, Germany, United Kingdom

Portfolio highlights

Atlys — Atlys is the world's leading visa platform with 99.5% on-time delivery for over 150 destinations.
Motion — Motion is a visual analysis hub that helps marketers and creative teams identify what works to make high-performing creatives that convert.
Qlay — Qlay is an AI-automated global engineer hiring platform

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

Investment focus

Software, Information Technology, SaaS
Pre-Seed, Seed, Series A
Singapore, United Kingdom, Australia

Portfolio highlights

FitFlo — FitFlo brings to life the connected gym experience for Operators, Trainers and Members.
Mole — Mole is a digital business card and mobile website software. Connect with your clients, promote your business online and much more. Comes with free customised NFC business card.
Optacloud — Fostering a global AI powered ecosystem to achieve 100% cloud efficacy-> effortlessly, economically and eco-consciously. Dev tools stack for automating the entire development lifecycle of cloud apps across- Build, Deploy & Optimize.

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

Investment focus

Software, Information Technology, Manufacturing
Seed, Funding Round, Series A
Sweden, United States

Portfolio highlights

Flasheye — Flasheye has proven technology from the automotive, defense, and robotics industries into industrial applications.
Elastisys — Succeed with your cloud native journey as an organization developing and operating software critical to our society. NIS2, ISO-27001, GDPR.
Nordic Quick Systems — Nordic Quick Systems have been developing sprockets with segments that can be rotated and replaced. With their solution, machine maintenance can be carried out while both the chain and wheel body remain on the conveyor. Their products are developed in northern Sweden, a region strongly associated with well-qualified heavy industry. They work fortheir patented sprocket to become a new industry standard that streamlines the industry.

Visive Capital is a venture capital investment firm.

Investment focus

Environmental Engineering, Finance, Internet
Pre-Seed, Funding Round
Sweden

Portfolio highlights

Earthbanc — The world's most advanced data driven carbon and finance marketplace. Venture backed by the European Space Agency incubator.
Measure & Change — Measure & Change has developed an automatic climate calculation service that collects data from the customer's business system, analyzes it, and calculates the organization's climate impact in real time.

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

Investment focus

Apps, Agriculture, Financial Services
Funding Round, Series A, Series B
Sweden

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.

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

Investment focus

E-Commerce, Software, Information Technology
Funding Round, Private Equity, Series A
Sweden, Norway, Germany

Portfolio highlights

fiskaly — fiskaly develops smart cloud solutions for complex requirements in fiscalization, electronic receipts, and invoices for our partners in retail technology.Our SIGN fiscalization software and APIs are designed to avoid tax tampering by generating unique digital transaction signatures. We are 100% compliant with country-specific legislations andoffer cloud-based solutions without additional hardware. fiskaly’s certified product for Germany is the market leading and operating in more than 600,000 cash registers. Our solution for digital receipts opens up modern ways to optimize business processes and create new experiences. We enable full-circle benefits for POS providers, retailers, and consumers. With this paperless receipt alternative, fiskaly has won several awards for innovation & sustainability in 2023.
Jobylon — Jobylon is a social recruiting and hiring software with the purpose of liberating the hiring managerJobylon aims to provide the easiest way for companies to create and share beautiful job ads, manage candidates with their team and hire the right person with one simple tool.The recruitment industry has stayed unchanged for too long whilstthe need for a simple and efficient tool has increased. Our mission is to change recruitment as you know it!Sign up for your free account on www.jobylon.com
Ingrid — Ingrid was founded with a mission to create delivery experiences that fit people's lives by letting e-commerce businesses deliver sustainable growth and giving shoppers the power to personalize delivery and returns. The result is a better overall customer experience and greater efficiency for both the retailer and the delivery carrier.

Wiklöf Holding operates as a holding company. It invests in logistics, construction, helicopter, real estate ownership, trade, and tourism sectors.

Investment focus

FinTech, Social Impact, Sustainability
Series A, Funding Round
Sweden

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.

SoftBank Group Corp. (Chairman & CEO: Masayoshi Son) Corporate and IR site provides company information such as our company profile, an overview of the company and Group companies, as well as IR and CSR.

Investment focus

Software, Information Technology, Internet
Series B, Series C, Funding Round
United States, Brazil, Japan

Portfolio highlights

ASAAS — Asaas helps individuals and companies automate financial processes and improve their relationship with customers. It brings in a single place, sending invoices, automation of communication through different channels, and receivable management. It’s possible to receive payments through bank payment slip, credit, and debit, send transfers, pay bills,anticipate receivables and NFS-e. It’s also connected to a credit card to withdraw from ATMs. Much more than a bank account, it drastically reduces manual work in administrative tasks and reduces the default rate, improving the customer’s cash flow.
OpenAI — Introducing Sora: Creating video from text
avatarin — avatarin develops next-generation mobility and human augmentation platforms.

Wellstreet is an innovation and tech ecosystem that includes an investment company, a strategic consultancy firm and a venture building incubator.

Investment focus

E-Commerce, Software, Retail
Funding Round, Seed, Pre-Seed
Sweden, Norway, Finland

Portfolio highlights

Y/ELM+ — Y/ELM+ is a horseback riding safety and protection brand that focuses n creating leading-edge rider safety solutions.
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.
Maintract — Maintract is a new generation of financial contract management software. It also offers banking and financial services. They provide contract management automation solutions to banks for drafting, data verification, workflow automation, contract data monitoring, tracking workflow and documentation, compliance management, and more.

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

Investment focus

FinTech, Social Impact, Sustainability
Series A, Funding Round
Sweden

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.

Gullspång Invest is a Stockholm based family office with a long-term investment philosophy. Gullspång Invest funds team of entrepreneurs who are committed to building companies making a big positive impact. The company is a purpose-driven, for profit, with passion, and are seeking long-term partnerships with like-minded entrepreneurs.

Investment focus

Software, Food and Beverage, Solar
Funding Round, Series A, Seed
Sweden, United States

Portfolio highlights

Qvantum — Qvantum is driven by a passion for a sustainable future and we are changing the way the cities of Europe are heated.
Baseload Capital — At Baseload Capital we dream of a planet in balance with resilient societies that run on renewable geothermal energy.
NICK’S — Swedish-style ice cream is so creamy, so light and so Swedish. Swedish-style is low fat, low calorie, and keto friendly ice cream. But most importantly it's CREAMY ice cream that has only 4-7g of net carbs per serving.

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.

Investment focus

Software, Apps, Medical
Funding Round, Seed, Pre-Seed
Sweden

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.

EXOR is a holding company based in the Netherlands that the Agnelli family controls. The company has a diverse portfolio of investments in various industries, including automotive, real estate, and finance. The company is known for taking a long-term approach to its assets and has a reputation for being a patient and value-oriented investor. Thecompany's primary focus is on creating long-term value for its shareholders by actively managing and growing its portfolio of investments.EXOR's core mission is to cultivate exceptional enterprises, simultaneously nurturing opportunities for its talented workforce to flourish, make meaningful societal contributions, and yield outstanding returns for its valued investors.

Investment focus

Manufacturing, Health Care, Biotechnology
Series A, Funding Round, Series B
United States, France, United Kingdom

Portfolio highlights

Casavo — Want to sell your house fast? Fill out the online form and receive a free home value estimate and real estate prices from Casavo!
Bee — Bee is an AI developer of a life administration wearable assistant.
Backed Finance — Backed is a bridge between stocks, ETFs and the emerging DeFi ecosystem.

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.

Investment focus

Software, Information Technology, Financial Services
Funding Round, Series A, Series B
Sweden, Denmark, United Kingdom

Portfolio highlights

Airsonett — Research-based medical technology company which leads the way in the development of non-pharmaceutical treatment for allergic asthma.
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.
Qvantum — Qvantum is driven by a passion for a sustainable future and we are changing the way the cities of Europe are heated.

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.

Investment focus

Software, Artificial Intelligence, SaaS
Seed, Series A, Pre-Seed
Denmark, United States, Sweden

Portfolio highlights

QA.tech — Our AI combines the skills of a QA engineer with the speed of automated testing for you. This shortens your time to market, cuts costs and improves the quality of your web apps.
Dusk — Rune is an automated friend or squad finder and voice chat for players on mobile games. Users can hang out and share amazing experiences together. The company builds the future of LFG for mobile gamers.
Lovable — Lovable is building software that builds software. We are makers of GPT Engineer app - an AI software engineer.

We help great minds unleash their full potential!

Investment focus

Health Care, SaaS, Medical Device
Seed, Funding Round, Pre-Seed
Sweden, Denmark, Finland

Portfolio highlights

Mylla — Mylla is a digital marketplace for buying and selling food from farm to table.
Uniqkey — Uniqkey provides a security management platform that automates employee logins to make businesses secure and productive. It simplifies employee security while empowering companies with enhanced control over their cloud infrastructure, access security, and employee management.Recognized as the easiest tool, Uniqkey removes friction from employees’daily workflows by automating time-consuming authentication and security tasks, thereby increasing productivity. Its intuitive and user-friendly interface makes Uniqkey the perfect choice for employees.Uniqkey combats the most significant threats to company infrastructure by safeguarding critical systems and company credentials with state-of-the-art encryption. It also offers unique insights and a comprehensive view of IT infrastructure, employee access, and security scores, making it a valuable tool for IT teams to monitor security policies and confidently assess the impact of awareness campaigns.With powerful integrations and synergies with existing infrastructure such as Microsoft, IT managers can quickly provision or de-provision users for seamless onboarding and offboarding, all while protecting their entire IT infrastructure with advanced encryption.Trusted by 500+ European businesses and ranked as a Top 50 Global Security Solution by G2, our platform is becoming Europe's preferred business password and access management solution.
NitroVolt — NitroVolt: the next generational step of sustainable ammonia.

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.

Investment focus

Software, Information Technology, E-Commerce
Seed, Funding Round, Series A
Sweden, Finland, Norway

Portfolio highlights

Zymego — Zymego develops solutions that relieve healthcare workers of administrative work while improving patient access to healthcare.
Elastisys — Succeed with your cloud native journey as an organization developing and operating software critical to our society. NIS2, ISO-27001, GDPR.
Tings — Tings is a mobile app that helps people to organize and retain, and sell non-required recyclable and used merchandise.

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

Investment focus

Biotechnology, Health Care, Energy
Seed, Funding Round, Pre-Seed
Sweden, Denmark

Portfolio highlights

Arevo — Arevo offers liquid and granular amino acid fertilizer technologies for faster and better plant establishment.
RiACT — Software for robots. Real-time development platform for creators and users of flexible robot applications.
Retein — Aquammodate is a greentech company that produces highly pure water at minimum energy cost.

People are in the center of our actions. We believe that investment in human capital and its unique value guarantee success.

Investment focus

Software, Marketplace, Internet
Seed, Pre-Seed, Series A
Poland, Sweden

Portfolio highlights

PerfectBot — An AI chatbot that learns from your content to instantly resolve tickets and free up your team.
SUPERSONIC Food — SUPERSONIC is a brand of products that replace traditional meals and beverages (meal replacement product), are innovative in their recipe and consist of the best plant components.SUPERSONIC are products of plant origin created by scientists, nutritionists and biotechnologists, that provide full nutritional value, build immunity and delay theaging process.
INKsearch.co — INKsearch.co is a platform that allows you to book a tattoo online. We simplify and speed up the booking process.

2050 is an investment fund that combines performance and company alignment and is set out to craft a fertile future. It empowers those who are building a fertile future, a world aligned with economic, social and ecological challenges. The firm was founded in 2020 by Marie Ekeland in Paris, France.

Investment focus

Environmental Engineering, Information Technology, Software
Series A, Seed, Series B
France, Sweden, United States

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.

CBC Investment Group started in 2009 in the midst of the financial crisis. The banks were on their knees, start-ups of small and medium-sized companies - all of a sudden they saw their credit and credit promises turned into demands for quick repayment and empty words. Serious talented entrepreneurs' ideas and companies risked going completelyunnecessary. In response to this crisis, they started the CBC Investment Group.

Investment focus

Biotechnology, Software, SaaS
Funding Round, Seed, Series B
Sweden, Denmark, Germany

Portfolio highlights

GLX Analytix — GLX Analytix is a biomedical company that develops a new technology to identify a biomarker. The company was founded in 2019 and is based in Copenhagen, Denmark.
Swiftly — World's first AI that applies for jobs. Say goodbye to creating CV's, searching and applying for jobs. Let Swiftly do it for you! Welcome to the new age.
Hugel Control — HUGEL, Inc. strives to be a global company that continuously creates innovative products, promotes universal health, and improves the quality of life through state-of-the-art technology and creativity.

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.

Investment focus

Software, Internet, Mobile Apps
Seed, Pre-Seed, Funding Round
Finland, Sweden, Germany

Portfolio highlights

Solu — Solu.co is a Fastest Growing hub for Technology, How-to, Gadgets, Entertainment, Lifestyle, Digital Marketing And Business Ideas.
Daze — Daze provides a first-mile pickup service for e-commerce and recommerce.
Solu — Discover the next generation toolkit for analyzing, storing and sharing bacterial genomes.

Mastercard is a payments and technology company that connects consumers, businesses, merchants, and governments. They provide data services and marketing center. Their marketing materials help card portfolios and businesses. They also provide fraud prevention solutions and payment ecosystem security.

Investment focus

FinTech, Financial Services, Payments
Series A, Corporate Round, Funding Round
United States, United Kingdom, India

Portfolio highlights

Fabrick — Fabrick offers Open Banking solutions: a new way of thinking about the bank, open, modular and data driven, closer to your needs
MTN Group Fintech — MTN MoMo is a fintech platform providing consumers and businesses with a host of innovative digital financial services...
Clearbox AI — Benefit from Synthetic Data to unlock your AI projects, overcome privacy issues and improve the utility of your data.

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.

Investment focus

Biotechnology, Information Technology, Health Care
Funding Round, Seed, Pre-Seed
Sweden

Portfolio highlights

Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.
Epishine — Epishine's goal is to be able to provide the world's most scalable, resource efficient, and affordable solar modules. Epishine sells light energy harvesting modules to manufacturers of wireless products. The modules are used to harvest light in any lighting conditions, turning light into usable power.
LunaMicro — Technology company developing textile pumps based on electroosmosis and conducting polymers for a wide variety of applications including outdoor clothing, PPE, and medicine.

We invest in assets, manage companies, and operate strategic businesses to preserve and create value for Ingka Group and IKEA.

Investment focus

FinTech, Financial Services, GPS
Funding Round, Series A, Series C
Sweden, United States, United Kingdom

Portfolio highlights

Kreditz — Kreditz makes sense out of open banking/PSD2-data with their proprietary Analytics Categorization Engine (ACE). By using ACE, Kreditz is able to fine-tune the transaction data (from any AISP-data aggregator) to make it understandable and usable in valid functional products such as income verification, credit scoring, KYC and many more. Theproducts are available both by API or by an integration-free Web portal. Kreditz serves industries such as consumer- & SME-lending, money transfer, auditing, gambling/betting, insurance and more throughout the Nordic countries.
DirectID — We build solutions that create frictionless financial experiences, breaking down barriers & creating trust with bank data online. Bank Data, Open Banking.
Baseload Capital — At Baseload Capital we dream of a planet in balance with resilient societies that run on renewable geothermal energy.

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

Investment focus

Energy Storage, Hardware, Food Processing
Series A, Seed, Series C
Germany, United Kingdom, Sweden

Portfolio highlights

Anaphite — A breakthrough nanomaterial
Faircado — Stop wasting time and money - faircado helps you find the best pre-owned deals for your wallet and the planet.
Cylib — The cylib process transfers waste from end of life batteries or production scrap into marketable products. Cylib covers all steps from the discharging of batteries up to hydrometallurgical extraction. Since the whole process is in one hand, also the processing of production scraps as well as black mass is possible.

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

Investment focus

Energy, Battery, GreenTech
Seed, Series A
Sweden

Portfolio highlights

Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.
Ligna Energy — Ligna Energy is a green-tech start-up company developing disruptive technology and products for large-scale stationary electrical energy storage. The battery technology is made from cheap forest-based materials and organic polymers in combination with a water-based electrolyte. This is a unique solution foundation - enabling the world to shifttowards a fossil free energy system.

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.

Investment focus

Mobile, FinTech, Insurance
Pre-Seed, Seed
Sweden, United Kingdom

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.

NordicNinja VC invests in startups in the Nordic-Baltic region.

Investment focus

Software, Information Technology, Artificial Intelligence
Series A, Series B, Seed
Finland, Sweden, Estonia

Portfolio highlights

LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
Onego Bio — Onego Bio is a cell ag company, specialized in animal-free egg white protein. We produce bioalbumen with an innovative precision fermentation process.
VSPARTICLE — VSPARTICLE develops nanoparticle generators for various applications such as sensors, batteries, catalysis, solar cells, healthcare, additive manufacturing, nano safety, and more. It also enables research and industry to generate new materials at the push of a button.They specialize in nanoparticle production and integration. The technologyspeeds up the developments of customers by producing the desired nanoparticles on location and integrate them directly in the final product. VSPARTICLE was founded in 2014 and is headquartered in Delft, The Netherlands.

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.

Investment focus

Software, Marketing, Internet
Seed, Series A, Pre-Seed
Poland, United Kingdom, United States

Portfolio highlights

SunRoof — Roof of the future
Monetizr — Turn gamers' attention into revenue for your brand through targeted in-game mobile ads. Partner with Monetizr and get access to audiences across the globe.
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.

VC for the most ambitious founders in CEE

Investment focus

Software, B2B, Apps
Seed, Pre-Seed, Series A
Poland, United States, Italy

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.

FINCA Ventures is an impact investing initiative of FINCA International that provides patient capital and support to early-stage social enterprises.

Investment focus

Financial Services, Information Technology, FinTech
Seed, Series A, Pre-Seed
Kenya, Mexico, Sweden

Portfolio highlights

FloatPays — Floatpays help your employees achieve financial wellbeing by giving them early access to earned wages.
Bamba — We help large companies that want to help their affinity users to solve unforeseen events fast, by minimizing costs, through a smart digital agent embedded in any company’s interface
Lapaire — Discover a wide range of high-quality & affordable eyeglasses at Lapaire Glasses. Book a free vision test with our professional optometrists to help you find your perfect pair of glasses to enhance your vision and style. Shops in 7 african countries: Benin, Ivory Coast, Togo, Burkina Faso, Mali, Kenya and Uganda.

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