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Top 50 Gaming VC (Venture Capital) Funds in Sweden in April 2025

Last updated: Apr 2025 A list of 50 VC (Venture Capital) funds that invest in Gaming startups based in Sweden. We rank investors based on the number of investments they made in Gaming companies from Sweden. We update this investor list every month.

Top 50 Gaming VC (Venture Capital) Funds in Sweden in April 2025

Investor	Gaming Sweden investments
Almi Invest	21
GP Bullhound	7
Partnerinvest Norr	7
Northzone	7
Luminar Ventures	6
Inbox Capital	5
Konvoy	4
Industrifonden	4
Bonnier Ventures	3
Nordic Venture Partners (Sweden)	3
BLN Capital	3
Dreamcraft Ventures	3
Norrsken VC	3
Headline	3
Kale United	3
EQT Ventures	3
Brightly Ventures	3
Verdane	3
Griffin Gaming Partners	3
Creandum	3
GFR Fund	2
Initial Capital	2
Inventure	2
Purple Orange Ventures	2
M2 Asset Management	2
Aggregate Media	2
Edastra Venture Capital	2
DHS Venture Partners	2
Moonfire Ventures	2
Sanctor Capital	2
Coin98	2
Behold Ventures	2
BitScale	2
Kinnevik	2
Heartcore Capital	2
Creades AB	2
Supercell	2
Chalmers Ventures AB	2
VNV Global	2
Astanor Ventures	2
Wellstreet	2
Sparbanksstiftelse Norrlands Riskkapitalstiftelse	2
Crescendo Ventures	1
ICO Drops	1
Otiva	1
Avalanche	1
Orkla Ventures	1
Inlandsinnovation	1
PunktB	1
eWTP Technology & Innovation Fund	1

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Investor list

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

RemotiveLabs — RemotiveLabs is a developer of an automotive software development platform designed to streamline the vehicle manufacturing process.
Readily Diagnostics — Readily Diagnostics develops speedy and accurate diagnostic tests for respiratory disorders, enabling faster and more effective therapy at the point of care.
Phenaros Pharmaceuticals — Data-centric drug discovery with AI, Phenomics and Automation.

Since 1999, GP Bullhound has invested in and advised brilliant leaders. Powered by more than 180 employees across 13 offices worldwide.

Investment focus

Software, E-Commerce, Internet
Funding Round, Series B, Series A
United Kingdom, Sweden, Spain

Portfolio highlights

Q-CTRL — Infrastructure software to power the quantum future
Playtomic — Playtomic operates an online sports court booking platform intended to become a social network for sports players. It provides a platform to reserve courts, find other players with similar skill levels, and join a social sports community dedicated to learning that helps sports clubs to optimize the use of their facilities and step into the digitalage.Playtomic was founded in 2017 and is headquartered in Madrid, Spain.
Mentimeter — Interact with your audience using real-time voting. No installations or downloads required - and it's free!

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.
Senseworks — Senseworks is an insight platform that enables colleagues to collaborate effectively with customers by providing a single source of truth for accounting data.

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, Information Technology
Series A, Series B, Seed
United States, Sweden, United Kingdom

Portfolio highlights

Dalma — Dalma offers transparent, subscription-based health insurance that covers pets, reimbursing costs related to illnesses, injuries, and preventive care.
Mimo — Access a cost-effective, unified payments platform with pre-approved credit. Built for SMEs, accountants and bookkeepers, money-in and money-out is effortless with Mimo.
Era Finance — Unlock the power of AI-driven personal finance management with Era. Take control of your finances effortlessly, optimize investments, and maximize savings. Let Era guide you through key financial terms, making every dollar count. Experience the future of wealth management today.

Luminar Ventures is a venture capital fund that prefers to make early-stage investments in technology companies. They engage with their portfolio companies and are actively helping with strategic, growth, team and organizational, and operational support, and together setting the foundation for future expansion.Luminar's core investment focusis on scalable digital seed-stage companies from the Nordics, founded by highly motivated and talented entrepreneurs with a vision to disrupt or transform major industries. The firm aims to provide experienced seed-stage financing and active operational support to Sweden based early-stage technology companies that are looking to disrupt or transform major industries with digital technologies and innovations.

Investment focus

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

Portfolio highlights

Corsmed — The leading MRI simulator for education, training and research. A virtual MRI scanner available at any laptop with internet connection.
ReCarber — Commercializing carbon removal projects. ReCarber matches emitters with off-takers, orchestrates financing, and commercially develops BECCS / bio-CCS projects.
Lightbringer — Lightbringer is your all-in-one solution for patent protection. Easily navigate your patent journey with our digital AI-powered platform and seasoned patent attorneys.

Venture Capital in disruptive, global and high growth potential companies. Stage of funding is pre-series A - C rounds

Investment focus

Software, Apps, Service Industry
Funding Round, Seed, Series A
Sweden, United States, United Arab Emirates

Portfolio highlights

Kavall — Kavall is a grocery delivery startup.
VOI Technology — VOI is a micro-mobility startup that provides electric scooters for last-mile transportation. Douglas Stark, Filip Lindvall, and Fredrik Hjelm founded it in 2018. Its headquarters is located in Stockholm in Sweden.VOI Technology is aiming to create a system of electrically powered scooters around urban centers to provide an affordable,sustainable, and exhilarating way to commute while helping people to reduce their carbon footprint and cities to have a more sustainable transportation network.
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.

Konvoy Ventures is a thesis driven venture capital firm. We invest in the platforms and technologies at the frontier of gaming.

Investment focus

Gaming, Video Games, Software
Seed, Series A, Series B
United States, Canada, Sweden

Portfolio highlights

k-ID — At k-ID, we specialize in integrating safety and privacy by design compliance solutions for digital platforms, focusing on creating a safer, more responsible online environment for children and teenagers.
Pok Pok — Pok Pok is a low-stimulation app for kids 2-7 filled with Montessori-inspired digital toys that offer a calmer way to learn through screen time play.
Afference — Powering the sense of touch in the digital world. Feel digital objects in AR, VR, and XR with our groundbreaking haptic feedback device, the Phantom.

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

Fibbl — Fibbl is the world's first cost-effective end-to-end solution for 3D and AR focused visual marketing. Integrate 3D & AR into e-commerce and marketing in minutes.Fibbl have industrialized the process of producing photorealistic 3D models for consumer products from global brands. Fibbl has the world's largest 3D model database forconsumer products.Learn more - https://www.fibbl.com/
Agteria Biotech — Agteria Biotech is an innovative biotech startup dedicated to mitigating methane emissions in cattle through our groundbreaking compound. By promoting sustainable practices in livestock farming, we aim to engage investors and dairy companies interested in eco-friendly solutions. Partner with us to t
Senseworks — Senseworks is an insight platform that enables colleagues to collaborate effectively with customers by providing a single source of truth for accounting data.

Bonnier Capital is the investment division of the Bonnier Group. Since 2016, we invest in promising companies in structurally growing industries and have become a reliant investment partner to companies of various sizes.

Investment focus

E-Commerce, Internet, Digital Media
Funding Round, Seed, Series A
Sweden, Finland, Germany

Portfolio highlights

Airmee — Airmee provides a new last mile delivery solution. Whether you want to integrate Airmee into your webshop or simply book a local delivery today, we’ve got you covered. Airmee gives customers more – a great deal more – choice and convenience. Items when you want them. Where you want them. In as fast as an hour.
MatHem — MatHem is an e-commerce company that combines a complete grocery store online with recipes and subscriptions for ready-made groceries. It delivers food to Swedish homes 7 days a week. The company also combines a full grocery store online with prescription and subscription finished shopping bags. MatHem offers a broad range of grocery products andadjacent household consumables, catering to more than half of Swedish households. The company food is delivered to your door with their own temperature-controlled to ensure an unbroken cold chain.Mathem.se has been awarded The Grocery Website of the Year (Årets matsajt) in 2010, 2011 and 2013 by the Swedish online magazine Internet world. It was founded in 2009 and is based in Stockholm, Sweden
Natural Cycles — Natural Cycles birth control is 93% effective with typical use and 98% effective with perfect use. Learn more about hormone-free birth control today.

Nordic Venture Partners (Sweden) is a venture capital firm with a portfolio of investments in the Information and Communications Technology.

Investment focus

Software, Information Technology, Gaming
Funding Round, Series A, Series B
Sweden, Denmark, Finland

Portfolio highlights

Bitbar — Bitbar is a technology and service company that offers mobile app and game developers with automated software build and test environments. Its portfolio of products includes Testdroid Cloud: an online service for testing applications on real Android and iOS devices; Testdroid Enterprise: an in-house software solution for managing all aspects ofautomated testing on multiple real Android and iOS devices simultaneously; Testdroid PrivateCloud: a cloud-based Devices-as-a-Service that enables companies to access pre-selected real Android and iOS devices for app development and testing; and Testdroid Recorder: a tool for recording user actions, generating reusable Android JUnit test cases, and running them in Testdroid Cloud. Its portfolio of resources includes research papers, eBooks, webinars, slides, and videos.Bitbar has customers from various industries such as gaming, utilities, technology, e-commerce, mobile and communications, social media, and lifestyle. Facebook, Rovio, Avast, Google, Mozilla, eBay, PayPal, Deutsche Telekom, Skype, Flipboard, and Pinterest are some of its customers.Bitbar is operated from Helsinki, Finland.
ZirooPay — IroFit mobile card reader allows small businesses accept card payments anywhere they operate, even in areas with poor internet connection. By ensuring widest possible coverage area and effective operations, merchants increase sales and buyers are better served. We improve the overall purchasing experience for billions living in areas withpoor/no Internet connection.
Pear Sports — We build hyper-personalized adaptive digital coaching software products and solutions to help people move smarter, get healthier, and live happier.

We are an investment firm focusing on partnerships with aspiring companies in the venture capital and private equity space.

Investment focus

Video Games, Software, Gaming
Seed, Series A, Funding Round
Germany, United States, Sweden

Portfolio highlights

Coherence — Unlock your multiplayer possibilities
Unbound Nation — We connect gaming NFT owners and gamers via a single interface - the Unbound platform. Lend and borrow your gaming NFTs here in an easy & seamless way.
The Football Company — Create your digital fan identity and compete against others worldwide. Collect & win rare NFT items, that you truly own and trade them to earn real profit.

Seed-to-A engineers. We invest in techdriven companies in the Nordics and Europe.

Investment focus

Software, Information Technology, Health Care
Seed, Pre-Seed, Series A
Denmark, Germany, United Kingdom

Portfolio highlights

Kvantify — Quantum computing will revolutionize many aspects of computing. We can help your business harness the full potential of Quantum Computing and High-Performance Computing today.
Steerlab — Steerlab is an AI-first solution that automates your responses to RFPs and Security Questionnaires, elevates quality, and delivers insights on how to win.
Tilta — Provide a financial service, drive your GMV, and add a new revenue stream without the hassle of being a financial servicer provider.

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

Investment focus

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

Portfolio highlights

Kapu — We are an online shopping community that helps you save even more on your everyday essentials when you buy together with your friends.
1Komma5° — KOMMA5 ° offers all owners of electric vehicles free electricity, which we refinance through trading with so-called GHG quotas. 1KOMMA5 ° encourages to lead a self-determined and CO2-neutral life.
Beans — Beans is on a mission to help the planet by reducing food waste, saving products, and offering them through an online grocery platform at discounted prices.

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

Heidi Health — Heidi Health is modernizing primary care with AI-powered technologies to improve care's quality and accessibility. its creators and engineers is to completely eradicate missed and sluggish diagnoses worldwide. They are committed to bridging the gap between the level of care that patients desire and the level of care that doctors can delivergiven their budget constraints. To create a platform where patients can quickly and easily get the treatment they require and to give every clinician the resources they need to deliver care that is secure, efficient,
Closinglock — Closinglock is modernizing the real estate world’s way of transferring information to eliminate wire fraud & protect buyers.
Cycles Nutrition — Cycles Nutrition provides science-backed, accessible nutritional strategies that empower health-conscious individuals to optimize longevity and enhance quality of life.

Kale United offers a portfolio of over 75+ plant-based game changers

Investment focus

Food and Beverage, Food Processing, Biotechnology
Seed, Pre-Seed, Funding Round
United Kingdom, Sweden, India

Portfolio highlights

Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
The Pack — Nutritionally complete vegan dog food. Grain-free & developed with food scientists & animal nutritionists, try our delicious vegan dog food now.
Cultimate Foods — Cultimate Foods is a cellular agriculture company. It develops cultivated fat for hybrid alt-meat products. It's cultivated fat replicates the structure of animal fat tissue and it uses a "unique technological approach to 3D cultivation that creates the structure of their ingredient and reduces production costs."

EQT Ventures is a European VC fund with just over €2.3 billion in total capital raised. EQT Ventures I launched in May 2016, with commitments totaling €566 million and a simple mission - to be the kind of VC the team would have liked to have had on their own startup journeys. Recognizing that building and growing a company takes more than justcapital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but on bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totaling €660 million. EQT Ventures III launched in 2022, with commitments totaling €1.1 billion, making it the biggest European Venture Capital fund committed to early-stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris, and San Francisco, taking a locals-with-locals approach and supporting founders on the ground. Motherbrain, EQT Ventures' in-house-developed artificial intelligence (AI) platform, ensures the team has a data-driven approach and has driven more than $100 million in portfolio company investments.

Investment focus

Software, Artificial Intelligence, Information Technology
Series A, Seed, Series B
Germany, Sweden, United States

Portfolio highlights

Paid — Paid is a business platform for AI agents.
Stacks — Close your books faster, smarter, and risk-free with Stacks, the AI tool for accounting teams.
Marvel Fusion — Our mission is to enable humankind to access clean, safe & reliable energy by building a laser-driven fusion power plant.

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, Funding Round, Series A
Sweden, United States

Portfolio highlights

Adway — Adway specializes in recruitment marketing, employer branding, Hr-tech and candidate journey solutions.
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.

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

Sitoo — Delight your customers with best-in-class shopping journeys. Every time. Everywhere.
fiskaly — fiskaly offers cloud-based solutions for all aspects of the receipt. Country-specific and 100% legally compliant.
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.

Griffin Gaming Partners is a venture capital firm that focuses on investing across the broad gaming ecosystem.

Investment focus

Gaming, Video Games, Blockchain
Series A, Seed, Funding Round
United States, Israel, United Kingdom

Portfolio highlights

ForthStar — ForthStar operates as a gaming company with a mission to make free-to-play hits.
Harmony Games — Harmony Games is a developer of next-generation hybrid-casual games.
Second Dinner Studios — Second Dinner is a small, sleek, and absurdly vigorous new game studio. We may be small, but we've got BIG DREAMS!

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

Investment focus

Software, Information Technology, FinTech
Series A, Seed, Series B
Sweden, Germany, United States

Portfolio highlights

Swan — Use Swan's APIs to embed white-labeled banking features like accounts, cards, and IBANs into your workflows and UX.
Ivy — We are building a global API for instant bank payments
Lovable — Build software products, using only a chat interface

GFR Fund is a San Francisco-based venture capital fund that invests in early-stage startups that are disrupting the consumer entertainment industry. GFR Fund is managed by GREE VR Capital, an affiliate of GREE Inc., a global leader in the mobile gaming industry.With over a decade of experience driving innovators in multi-platform entertainment,we see emerging technologies such as VR, AR, AI, Video Streaming and Blockchain as powerful tools that will propel the entertainment industry into a new generation of consumable content. We are looking for talented entrepreneurs who share our passion and values to help realize their vision and expand their businesses globally.

Investment focus

Software, Information Technology, Gaming
Seed, Series A, Pre-Seed
United States, United Kingdom, India

Portfolio highlights

Final Boss Sour — Final Boss Sour is a gaming-themed snack brand offering a healthier alternative to traditional sour treats. Inspired by retro gaming aesthetics, our snacks deliver bold flavors and a fun experience for gamers of all ages.
Little Umbrella — Future is Fun with Social & AI Games. At Little Umbrella, we create AI-powered games that deliver immersive experiences, bringing families, friends, and communities closer together. Proudly serving a growing community of over 30 million players
Magic Potion Games — Magic Potion Games is a computer gaming company that offers an online space for social gaming.

Initial Capital is an investor in seed and early-stage technology companies with a focus on games, consumer services & technology enablers.

Investment focus

Gaming, Mobile, Software
Seed, Series A, Funding Round
United Kingdom, United States, Finland

Portfolio highlights

Zebedee — Transform your game into an earning powerhouse with ZBD Rewards.
Bipa — Bipa is a company that allows customers to buy and sell Bitcoin starting from R$1 using Pix and Lightning Network.
Hot Wave Fitness — Hot Wave Fitness which owns the HOTME brand provides personalized, and private fitness services.

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

Investment focus

Software, Information Technology, Health Care
Seed, Series A, Series B
Finland, Sweden, Denmark

Portfolio highlights

Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
Biomatter — Biomatter Designs is pioneering the technologies for generative protein design at the intersection of synthetic biology and AI.
Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.

We back founders leveraging science & technology to remove animals from the food system. Purple Orange Ventures invests in early-stage food/biotech companies across the globe with a focus on alternative proteins and cellular agriculture. Themes include cultivated or cultured meat, microbial and

Investment focus

Food and Beverage, Biotechnology, Food Processing
Seed, Pre-Seed, Series A
United States, Sweden, China

Portfolio highlights

Omni — Omni provides Healthy Vegan Dog Food in the UK, made by vets to be a nutritionally complete meal for your dog. Feed your dog all the goodness of plants backed by science.
NovoNutrients — NovoNutrients is working to turn waste CO2 into high-value, low-cost proteins and additives for food and feed by developing proprietary microbes and advanced gas fermentation systems.
Prolific Machines — Difficult protein production made simple. A next-generation expression system for next-generation therapeutics.

M2 Asset Management is a public investment company focusing on real estate. Our business concept is to create long-term growth by owning, managing, and developing properties in Sweden.

Investment focus

SaaS, Information Technology, Renewable Energy
Funding Round, Seed, Pre-Seed
Sweden

Portfolio highlights

Wasder — Join great conversations, manage your clan and find people to play with. Wasder is a gaming community open for everyone. Regardless of who you are and what games you love to play.
Instabox — Instabox Express is a shipping service available in selected online stores. It ship your express delivery package to our lockers in Sweden, Norway and Denmark.Instabox handles logistics for e-commerce retailers, offering same-day delivery through its network of last-mile smart delivery lockers. The service reaches about six million Swedes,delivering from the likes of H&M, Ikea, and Lloyds. In a press release, the company claims its growth has more than tripled each year over the last few years.
CloudBackend — CloudBackend - The Edge dbPaaS

Aggregate is a venture capital company investing with media as expansion capital - media for equity. Since the start 2002, Aggregate has made over 150 transactions in a variety of industries; e-commerce, digital services, product- and B2B-companies etc. Aggregate target companies which today are not able to maximize the effect on their market, inlack of capital for media advertising.

Investment focus

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

Portfolio highlights

Yazen — Yazen is a digital obesity clinic that offers weight loss through modern pharmaceutical treatment.
Zcooly — Zcooly offers several educational games for children.
Swedish Temptations — Swedish Temptations, founded in 2019 by CEO Pia Qvarnström, built a brand named Bärta for producing organic, vegan and fermented food. The ingredients include Swedish split peas.

Edastra is a Stockholm-based venture capital company with a strong belief in the evolution of the internet. Edastra invests in companies within mobile, internet, and consumer electronics. Founded in 2008 by venture capitalist and entrepreneur Robert Ahldin, Edastra provides intellectual capital and equity to help building great companies.

Investment focus

Software, E-Commerce, Food and Beverage
Funding Round, Seed, Series D
Sweden, Denmark

Portfolio highlights

Sesamy — Sesamy provides frictionless single purchases and consumption of digital content, without restricting the user’s choice of app or device.
Motatos — Motatos is an online retail store that offers a wide variety of food, beverages, and household products to customers.
Holm Security — Empowering companies struggling to gain insight into their cyber security landscape.

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

At Moonfire, we team up with the most innovative early-stage founders to invest where our sectors of focus intersect with global technological disruption.

Investment focus

Software, FinTech, Cyber Security
Seed, Series A, Pre-Seed
United Kingdom, United States, Germany

Portfolio highlights

Filigran — Embrace a proactive approach with end-to-end cyber threat management, from anticipation to response.
Neuphonic — Neuphonic is developing the best ultra low latency text-to-speech system to enable the most lifelike and responsive discussions with AI conceivable. We are transforming AI engagement by rethinking what it means to have a voice. We're building a future in which interacting with AI feels natural and seamless, AI can act to make people'slives easier, and people will look at their phones less and communicate more.
Lightdash — Connect your dbt project to Lightdash and allow everyone to answer their own data questions. Built for analysts and the modern data stack.

Sanctor Capital is a thesis driven investment fund and deploys capital across both primary and secondary markets.

Investment focus

Blockchain, Cryptocurrency, Gaming
Seed, Funding Round, Series A
United States, Singapore, United Kingdom

Portfolio highlights

0G Labs — The First Decentralized AI Operating System
Sonic — Sonic's objective is to enhance the existing Solana Gaming Ecosystem to handle millions of requests per second per game and redirect them back to Solana L1.
Mirror World — Mirror World is a blockchain-based virtual world, also known as the Metaverse, where we aim to connect Mirror World with different games and experiences, allowing users to move through different game scenarios with interconnected & independent economic systems.

Coin98 is an open, decentralized crypto wallet offering tools and infrastructure for everyone to access and seize opportunities to build their future on the Open Internet.

Investment focus

Blockchain, Cryptocurrency, Financial Services
Funding Round, Seed, Series A
Singapore, Sweden, Estonia

Portfolio highlights

TomoChain — TomoChain is an innovative solution to scalability problem with the Ethereum blockchain, and other blockchain platforms. TomoChain features a 150-Masternodes architecture with Proof of Stake Voting (POSV) consensus for near-zero fee, and instant transaction confirmation. Security, stability and chain finality are guaranteed via novel techniquessuch as double validation, staking via smart-contracts and uniform randomization processes.TomoChain supports all EVM-compatible smart-contracts, protocols, and atomic cross-chain token transfers. Scaling techniques such as sharding, EVM parallelisation, private-chain generation, hardware integration will be continuously researched and integrated into TomoChain which will become an ideal scalable smart-contract public blockchain for decentralized apps, token issuance and token integration for small and big businesses.
BovineVerse — BovineVerse is a Korean Metaverse chain game and sports guessing platform developer.
Alliance Games — Decentralized gaming platform blending AI creation, multiplayer tech, and worker nodes.

Early stage (first money), venture capital - laser focused on investing in the video games industry. Based in Sweden with a deep focus on the Nordics, while also being opportunistic about investments worldwide.

Investment focus

Gaming, Sports, eSports
Seed, Pre-Seed
Sweden, Iceland, United States

Portfolio highlights

Dead Astronauts — Dead Astronauts reinvents open-world game experiences with technical innovation at the core of the company and PLAYER CREATIVITY at the core of the games we make.
Porcelain Fortress — Porcelain Fortress was founded by a small band of romantics in the summer of 2016 in Reykjavik, Iceland.
Blue Scarab Entertainment — Blue Scarab Entertainment is Stockholm-based video game studio developing a surprising MMORPG for fans of cozy escapism, true-crime, and horses.

BitScale invest in teams and solutions that bring transparency and efficiency to our world with cutting-edge technologies.

Investment focus

Blockchain, Cryptocurrency, Financial Services
Seed, Funding Round, Series A
United States, Singapore, Australia

Portfolio highlights

Cicada — Cicada | Institutional Credit Risk Management On Chain
Fluidity Money — Earn yield for trading, holding, swapping, minting NFTs; everything you already do is now yield bearing. Fluid assets change the way you use your money on-chain.
Thrive Protocol — Thrive Protocol's vision is to maximize value creation for all people and communities.

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.

Heartcore Capital invests in companies re-enchanting the world through technology.

Investment focus

Software, FinTech, Artificial Intelligence
Seed, Series A, Series B
Denmark, United States, Germany

Portfolio highlights

Luca — Luca's learning platform provides learning programs for primary and secondary school students. The learning platform offers pre-recorded K12 videos, gamified content and AI powered personalized study paths, covering the entire official academic curriculum and national exams prep. Luca is a VC backed startup with HQ in Madrid & MexicoCity
Barter — Barter enables decentralized applications by ensuring efficient transaction routing and optimization.
Superform Labs — THE UNIVERSAL INTERFACE FOR YIELD IS FORMING

Creades is an investment company investing in businesses that have the potential for revaluation and value creation. Creade's business concept is to provide a good risk-adjusted return to its shareholders by investing in businesses where Creades can act as an engaged owner, primarily in small and medium-listed and unlisted Swedish companies.The firm is a spin-off from Investment AB Öresund.

Investment focus

Software, Apps, E-Commerce
Funding Round, Seed, Series A
Sweden, United States, Luxembourg

Portfolio highlights

Instabee — Delivery when it suits you who shop online
Aira — Aira operates as a clean energy-tech company.
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.

Visit Supercell.com and find out more about us and our games.

Investment focus

Gaming, Video Games, PC Games
Seed, Funding Round, Series A
Finland, United States, United Kingdom

Portfolio highlights

Appcharge — Appcharge specializes in offering a comprehensive payment solution that supports direct-to-consumer sales through a mobile-first web store. The platform features over 500 payment methods and 100 currencies, ensuring a seamless checkout experience for users worldwide.
Future Run — Future Run embarks on an ambitious mission to redefine competitive gaming.
Penguin Armada — Penguin Armada produces and develops video games.

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

Investment focus

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

Portfolio highlights

Repli5 — Enabling autonomous vehicles with synthetic data. We automate the creation of synthetic data and digital twins.
Adsorbi — Adsorbi use cellulose from the Nordic forest to help air purification companies to capture gaseous air pollutants.
Galaxy Biosolutions — Explore the infinite possibilities of Precision Fermentation with Galaxy Biosolutions

VNV Global is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The common shares of VNV Global are listed onNasdaq Stockholm, Mid Cap segment, with the ticker VNV.

Investment focus

E-Commerce, Health Care, Marketplace
Series B, Funding Round, Series A
United Kingdom, Sweden, Russian Federation

Portfolio highlights

MatHem — MatHem is an e-commerce company that combines a complete grocery store online with recipes and subscriptions for ready-made groceries. It delivers food to Swedish homes 7 days a week. The company also combines a full grocery store online with prescription and subscription finished shopping bags. MatHem offers a broad range of grocery products andadjacent household consumables, catering to more than half of Swedish households. The company food is delivered to your door with their own temperature-controlled to ensure an unbroken cold chain.Mathem.se has been awarded The Grocery Website of the Year (Årets matsajt) in 2010, 2011 and 2013 by the Swedish online magazine Internet world. It was founded in 2009 and is based in Stockholm, Sweden
NoTraffic — NoTraffic has developed the first AI-powered traffic signal platform that connects road...
VOI Technology — VOI is a micro-mobility startup that provides electric scooters for last-mile transportation. Douglas Stark, Filip Lindvall, and Fredrik Hjelm founded it in 2018. Its headquarters is located in Stockholm in Sweden.VOI Technology is aiming to create a system of electrically powered scooters around urban centers to provide an affordable,sustainable, and exhilarating way to commute while helping people to reduce their carbon footprint and cities to have a more sustainable transportation network.

Astanor Ventures is a venture capital firm focusing on entrepreneurs regenerating the food, blue ocean economy, and agriculture sector. The firm targeting technology-enabled companies across the agri-food value chain, leveraging disruptive technologies to bring about a future of food that is nourishing, regenerative, trusted, and ultra-fresh. Itrings together capital, deep sector knowledge, and a strong network of entrepreneurs, impact investors, technologists, scientists, farmers, chefs, policymakers, and food lovers to give rise to a future of food that is nourishing, regenerative, scalable, trusted, and delicious.

Investment focus

Agriculture, Biotechnology, Food and Beverage
Series A, Seed, Series B
United States, France, United Kingdom

Portfolio highlights

Notpla — We are a combination of designers and chemists, engineers and entrepreneurs. We’re hard to define because what we’re doing hasn’t been done before. We create advanced packaging solutions that disappear, naturally.
Holobiome — Holobiome is an owner and operator of a therapeutic company intended to treat diseases of the enteric and central nervous systems. The company's platform delivers microbiome-based therapeutics to patients and the marketplace by treating depression, anxiety, and other mental health problems including our metabolism and the immune response,enabling patients to recover quickly from their diseases easily without any pain and suffering.Holobiome was established in 2015 and is based in Cambridge, Massachusetts.
Plantible Foods — We are developing the best tasting and most functional, sustainable plant-based protein by using lemna, also known as duckweed

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.

Sparbanksstiftelse Norrlands Riskkapitalstiftelse

Investment focus

Software, Furniture, E-Commerce
Seed, Funding Round
Sweden

Portfolio highlights

Big Akwa — Big Akwa is a food-tech innovation start-up that economically and environmentally revolutionizes land-based aquaculture by introducing industrial symbiosis between the aquaculture and forest industry.
Mowida AB — Mowida is developing a digital platform for smaller property owners with the vision of creating a friction-free housing market.
ShimmerCat — ShimmerCat creates faster e-commerce websites with an intelligent IT infrastructure that use HTTP/2 and AI. ShimmerCat is developed by ZunZun AB, a company founded in 2014. The product is a performance-oriented web server that dramatically reduce the amount of work that it takes to create a web application that loads in a fraction of the time.It automatically optimizes delivery of web resources to browsers, by leveraging HTTP/2 Push and preload link headers in a way which is more efficient for your each individual website visitors, considering his or her network connectivity and cached contents, and page fetch. Additionally, it uses the time during which the backend is processing a request to send in advance assets needed by that request to the visitor.ShimmerCat also filters out traffic from pernicious bots and automatic optimize your loading times based on your own data.

Crescendo Ventures is a venture capital firm based in Palo Alto, CA.

Investment focus

Software, Information Technology, Manufacturing
Series C, Series B, Funding Round
United States, United Kingdom, Canada

Portfolio highlights

eASIC — eASIC, a fabless semiconductor company, manufactures eASIC platforms that reduce the cost of ownership and time to production of customized silicon devices. It develops Nextreme family of devices that reduce development cost and turn-around times compared to standard cell ASICs, while reducing power consumption and unit cost for designs,Nextreme-3, a fourth generation eASIC platform, and Nextreme-2, a third generation eASIC platform. eASIC also provides easicopy ASIC that provides OEMs with a path from Nextreme-3, Nextreme-2, or Nextreme devices to a cell-based easicopy ASIC, which thereby helps OEMs reduce device cost and power consumption further, or increase performance, and eZ-IP alliance program to bring a wealth of verified eASIC-ready IP cores to help customers get to market faster. Its products are used in various applications that span from wireless infrastructure to consumer handheld devices. eASIC serves customers worldwide. Zvi Or-Bach founded eASIC in 1999, with its headquarters in Santa Clara in California with additional offices worldwide.
Guidde — Guidde lets you capture instant step-by-step videos anyone can create.
eSilicon — eSilicon, a pioneering semiconductor Value Chain Producer (VCP), provides a comprehensive suite of ASIC design, productization and manufacturing services, enabling a flexible, low-cost, lower-risk path to volume production of integrated circuits (ICs). The company delivers custom chips (ASICs) to system original equipment manufacturers (OEMs) andfabless semiconductor companies (FSCs) who serve a wide variety of markets including the consumer, computer, communications and industrial segments.eSilicon creates a unique, optimized semiconductor Value Chain for each customer and each design - from design services and tools, to IP and materials suppliers, to test and packaging providers. By integrating this Value Chain with its internal expertise and proven eSilicon Enterpriseâ„¢ infrastructure, the ASIC services and solutions provider produces more than 10 million leading-edge chips per year.

ICO Drops contains a complete list of all ICOs & IEOs (Initial Exchange Offerings) in three columns "Active ICO", "Upcoming ICO", "Ended ICO" with rating and analysis.

Investment focus

Blockchain, Gaming, Trading Platform
Seed, Pre-Seed

Portfolio highlights

Synnax — Synnax is an artificial intelligence-powered financial platform which helps to forecast financial performance
StarSharks — StarSharks is a NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers. The game integrates different types of games and breaks down barriers found between games by allowing players to use the same character to enter the Shark-metaverse. It enables players come together to build and govern a new metaverse and create a community culture in the Shark-metaverse.
Mines of Dalarnia — An evolving platform-mining blockchain game, filled with single-and multiplayer action, built for every gamer

Equity investment company doing Series A to late growth, private and public. Agile and long-term with no fixed holding period.

Investment focus

Fashion, Lifestyle, Marketplace
Seed, Series A, Series B
Sweden, France

Portfolio highlights

BlaBlaCar — BlaBlaCar is the world’s leading long-distance carpooling community, connecting people looking to travel long distances with drivers going the same way. They travel together and share the costs of the journey. The platform is engineered to create a secure, trust-based community with declared identities and full member profiles. Members can evenspecify how chatty they are from “Bla” to “BlaBlaBla”, hence the name BlaBlaCar. BlaBlaCar is creating a global people-powered network with a trusted community of drivers and passengers.Backed by Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok and ISAI, it operates in 22 countries across Europe, Russia, Turkey, Mexico, Brazil and India. The site and free mobile apps provide a range of features to create a secure, trust-based community and easy connections between drivers and passengers.BlaBlaCar is based in Paris with offices across a dozen of countries.
NA-KD.com — NA-KD.com is the next generation of fashion marketplaces. A predominantly mobile-based online shopping sanctuary for fashion addicts all over the world. Combined with a unique merchant service that unleashes the e-commerce power of digital brands and social influencers. Funded by the original founder and team behind Nelly.com (170 million USDonline fashion store).
Pet Media Group — Woof Woof. Europe's Largest Pet Marketplaces PetMediaGroup is the leading operator of online marketplaces for pets and related goods and services. Through our trusted and local brands, we help thousands of animals every day to find a new loving home as well as assist their human caregivers

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.

Investment focus

Cryptocurrency, Blockchain, Gaming
Seed, Series A, Grant
United States, Spain, France

Portfolio highlights

homium — Homium makes home equity accessible for homeowners and creates a new institutional asset class that changes the way homes are financed.
CCX — CCX's objective is to bridge the gap between traditional finance (TradFi) and decentralised finance (DeFi) by facilitating seamless transactions between stablecoins and CBDCs.
BloodLoop — BloodLoop is a gameplay system that allows games without having to be a pro player. They provide the MMO and social components for the guilds, farming materials, and crafting artifacts, or build the plot and arenas from the ground up.

Orkla Ventures promotes innovation and creativity opening up the possibility of investing directly in start-up companies. It focuses primarily on technology, concepts, and business models that might be relevant for Orkla’s businesses. The firm was established in 2017 to reach out to a growing universe of entrepreneurial businesses and startupcompanies engaged in innovation outside established companies.

Investment focus

Baby, AgTech, Software
Seed, Funding Round
Norway, Sweden

Portfolio highlights

GroGro — Uvanligere enn du tror.
Farmforce — TECH THAT MAKES A DIFFERENCE
Bower — Bower has developed an app that enables consumers to receive a deposit value when recycling their packaging at regular recycling stations.

Inland Innovation is a state-owned venture capital firm that invests in growth companies in all industries in northern Sweden.

Investment focus

Health Care, Pharmaceutical
Seed
Sweden

Portfolio highlights

Likvor — Likvor has developed a unique instrument for measuring the cerebrospinal fluid (brain fluid) pressure and flow.Likvor AB is an Umeå based medical device company which has developed a system to be used in neurological investigations. Likvor CELDA System is the result of close to 40 years of research at Umeå University and Umeå University Hospitalassessing cerebrospinal fluid (CSF) dynamics.Likvor AB is marketing Likvor CELDA System and CELDA Tools.Likvor AB was established in 2007. Likvor AB first product Likvor CELDA System, was available to the market in 2009 when it was CE-marked. The company is certified according to ISO-13485.Likvor AB continues to develop new methods and devices in the area of CSF dynamics, together with the researchers at Umeå University and Umeå University Hospital.
Kittelfjall — Kittelfjall is the online store for profile clothing. Their products are fabric patches, hats, pants, t-shirts, jackets, and sweaters. They offers hotels, hostels, camping, and cottages. Their rental service is to leave the skis at home and rent skis adapted to snow and skiing. Develop skiing and try, hand at our skis from völkl, Scott, and cmd.
Tempus Information Systems — Tempus Information Systems is a proven and easy-to-use system for scheduling and attendance management in preschool and on leisure. Tempus simplifies everyday life and streamlines operations, giving both caregivers and staff # the early childhood parents.

PunktB is an investment firm focusing on early stage and growth.

Investment focus

B2B, Apps, SaaS
Seed, Series A
Sweden

Portfolio highlights

BlueCall — BlueCall is a B2B mental wellness SaaS. We offer empowerment toolkit for organisation, HR and leaders to manage their employee's mental wellbeing. Hand in hand with our digital toolkit we provide digital and personalised coaching sessions to reinforce self development to individual's specific needs.
Resolution Games — Resolution Games is a Stockholm based studio focused on creating virtual reality (VR) and augmented reality (AR) immersive experiences for all.

eWTP Fund focuses on technological innovation and development of businesses in regions of the Belt and Road Initiative.

Investment focus

E-Commerce, Apps, Retail
Series B, Funding Round, Series D
China, Indonesia, Sweden

Portfolio highlights

BintanGO — Influencer Marketing Platform terbaik di Indonesia, lebih dari 40.000 Kreator dan 100 Brand sudah bergabung. Buat campaignmu jadi fleksibel, terlacak dan terukur.
Fuse — Fuse is an insurance application that will allow you to do all insurance activities. One mobile application and a variety of interesting features, such as registering as a partner, comparing policies, and selecting the best policy to protect the future. Smart insurance innovation that is paperless.
Apogee Entertainment — Apogee Entertainment is a developer and publisher of interactive entertainment game software to offer trans-media gaming products. Its games follow a digital distribution model focusing on real-time, scalable-multiplayer gameplay over global networks that lets both players and spectators of online tournaments and e-sports experience real-timegaming.The company was founded in 2015 and is headquartered in Rowlett, Texas.

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