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Top 50 Health Care Startup Investors in Sweden (June 2026)

The most active venture capital funds and angel investors investing in Sweden Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Health Care startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Almi Invest
VC Fund
36 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $174k–$2.2M
Sciety
VC Fund
30 Sweden, Ukraine Seed, Series A Health Care, Biotechnology, Medical $128k–$6.3M
Chalmers Ventures AB
VC Fund
23 Sweden Pre-Seed, Seed Software, Biotechnology, Health Care $5k–$2.7M
Industrifonden
VC Fund
13 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology $1.1M–$21M
Luminar Ventures
VC Fund
9 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
Add Health Media
VC Fund
8 Sweden Seed Health Care, Medical, Apps $660k–$1.4M
Partnerinvest Norr
VC Fund
7 Sweden, United States Seed, Series A Software, Manufacturing, Information Technology $588k–$5.3M
Sophia Bendz
Angel
7 Sweden, Denmark, United Kingdom Seed, Pre-Seed Health Care, Software, Artificial Intelligence $400k–$6.6M
Navigare Ventures
VC Fund
7 Sweden, Denmark Seed, Series A Biotechnology, Energy, Health Care $179k–$21M
Novo Holdings
VC Fund
6 United States, Denmark, United Kingdom Series A, Series B, Series C Biotechnology, Health Care, Medical $9M–$130M
HealthCap
VC Fund
6 United States, Sweden, France Series B, Series A Biotechnology, Health Care, Medical $5.7M–$88M
Bonit Capital
VC Fund
6 Sweden, United States, Germany Seed, Series A Health Care, Medical, Apps $1.8M–$4.2M
Hampus Jakobsson
Angel
5 Sweden, Denmark, United States Seed, Angel, Series A Health Care, Software, Artificial Intelligence $96k–$33M
Norrsken VC
VC Fund
5 Sweden, United Kingdom, Germany Seed, Series A Software, Health Care, Food and Beverage $1.1M–$56M
Bonnier Capital
VC Fund
4 Sweden, Finland, Germany Seed, Series A Internet, Software, E-Commerce $1M–$21M
Inventure
VC Fund
4 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$23M
Spintop Ventures
VC Fund
4 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $878k–$12M
Karolinska
VC Fund
4 Sweden, Denmark, United States Seed, Series A Biotechnology, Health Care, Pharmaceutical $1.3M–$73M
Mattias Weinhandl
Angel
4 Sweden Seed, Pre-Seed Apps, Fitness, Health Care $164k–$3.7M
Crowberry Capital
VC Fund
4 Iceland, Denmark, Finland Seed, Series A, Pre-Seed Software, Gaming, Health Care $1k–$17M
GU Ventures
VC Fund
4 Sweden Seed, Series A Medical, Health Care, Pharmaceutical $810k–$2.9M
Heartcore Capital
VC Fund
4 Denmark, United States, Germany Seed, Series A, Series B Software, Artificial Intelligence, FinTech $1.3M–$76M
Cristina Stenbeck
Angel
3 Sweden, Germany, United Kingdom Seed, Series A Fashion, E-Commerce, Lifestyle $400k–$105M
SEB Venture Capital
VC Fund
3 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.2M–$23M
VNV Global
VC Fund
3 United Kingdom, Sweden, Russian Federation Series B, Series A Health Care, E-Commerce, Marketplace $1M–$85M
Lars Lindgren
Angel
3 Sweden Seed, Angel Software, Apps, SaaS $180k–$1M
Erik Byrenius
Angel
3 Sweden, United States, Belgium Seed, Pre-Seed, Angel Health Care, Security, Software $233k–$2.1M
Khosla Ventures
VC Fund
3 United States, India, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, Health Care $2M–$100M
Life Science Invest
VC Fund
3 Sweden Seed Medical, Biotechnology, Biopharma $1.8M–$4.6M
Per Båtelson
Angel
3 Sweden, United States Seed, Angel Medical, Health Care, Medical Device $1.4M–$4M
Calm/Storm VC
VC Fund
3 United Kingdom, Germany, Austria Seed, Pre-Seed, Series A Health Care, Wellness, Software $478k–$18M
BackingMinds
VC Fund
3 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Software, Agriculture $772k–$8.2M
Lars-Erik Skjutare
Angel
3 Sweden Seed, Angel Apps, Wellness, Productivity Tools $531k–$701k
Hadean Ventures
VC Fund
3 Norway, Sweden, Germany Series A, Series B Biotechnology, Health Care, Medical $4.3M–$79M
Christer Arvidsson
Angel
3 Sweden Seed, Angel Apps, Wellness, Productivity Tools $531k–$701k
Sweet Studio
VC Fund
3 Sweden Pre-Seed iOS, Apps, Audio $145k–$400k
Unconventional Ventures
VC Fund
3 Sweden, United Kingdom, Denmark Seed, Pre-Seed, Series A Health Care, Software, Wellness $1M–$18M
Josefin Landgård
Angel
3 Sweden, France Seed, Angel, Pre-Seed Health Care, Mobile, Medical $400k–$5.3M
Sting Capital
VC Fund
3 Sweden Seed, Pre-Seed Software, Apps, Medical $216k–$724k
Icebreaker.vc
VC Fund
3 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $106k–$25M
Peak
VC Fund
3 The Netherlands, Germany, Sweden Seed, Pre-Seed Software, SaaS, Information Technology $549k–$5M
Leksell Social Ventures
VC Fund
3 Sweden, United States Seed, Series B Health Care, Apps, Fitness $724k–$2.2M
Nina Capital
VC Fund
2 United States, United Kingdom, Austria Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, Software
SmiLe Inject Capital
VC Fund
2 Sweden Angel, Seed Health Care, Organic Food, Food and Beverage
Metsa Spring
VC Fund
2 Finland, Sweden Seed, Series A Sustainability, GreenTech, Chemical
The Inner Foudation
VC Fund
2 United Kingdom Pre-Seed Wellness
Uppsala universitet Invest AB
VC Fund
2 Sweden Seed Medical, Health Care, Health Diagnostics
DHS Venture Partners
VC Fund
2 Sweden Pre-Seed, Seed Software, Big Data, Mobile Apps
Creandum
VC Fund
2 Sweden, Germany, United States Series A, Seed, Series B Software, Information Technology, FinTech
Angelgate
VC Fund
2 Spain, Sweden Seed, Pre-Seed, Series A B2B, Finance, E-Commerce
Access all 648 investors in Sweden Health Care startups.

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

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Investor list

Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 36 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Standab — Standab is helping cities adopt cleaner, more effective urban mobility systems by offering innovative and eco-friendly parking and charging options, thereby influencing the direction of micromobility.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
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Sciety
VC Fund · Stockholm, Stockholms Lan, Sweden · 30 investments in Sweden Health Care startups

Whether you are an investor or entrepreneur, partner with Sciety to achieve impactful returns and elevate your life science business in the Nordics.

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Investment focus

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

Investor stats

  • Total investments: 45
  • Round size: Seed $128k–$2.3M; Series A $439k–$6.3M
  • Lead/follow: 93% lead, 7% follow

Portfolio highlights

  • Capitainer — Capitainer enables patients to collect their own volume-defined dried blood spot at home.Capitainer started in 2016. Their technology is a volumetric blood collection device that enables patients to conveniently and safely collect blood samples in the comfort of their own home, our technology is more accurate than today’s solutions. Capitaineroffers impressive cost and environmental savings for healthcare providers managing millions of conventional blood samples annually.
  • SAGA Diagnostics — SAGA Diagnostics AB is a personalized cancer diagnostics and disease monitoring company focused on molecular genetic analyses of a powerful cancer biomarker: circulating tumor DNA (ctDNA). The company was founded in 2016 as a spin-out from a highly successful research group at Lund University, with a mission to improve precision cancer medicine,provide more accurate treatment monitoring, and improve patient survival using minimally-invasive liquid biopsy cancer testing services and kits.The SAGA team consists of renowned scientists, highly qualified staff and an experienced management team who work together to launch SAGA’s ultrasensitive services and products as part of the ongoing revolution in cancer research, drug development, and clinical diagnostics. SAGA’s proprietary tests can help patients, oncologists, and drug developers detect actionable mutations, stratify patient groups, and monitor treatment response, residual disease, and disease recurrence at an unprecedented sensitivity.
  • Single Technologies — Founded in Stockholm, Sweden, with its long tradition in fiber optics, ultra-sensitive fluorescence spectroscopy and DNA sequencing, SINGLE’s ambition is to become the instigator of 3-D Sequencing.
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Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 23 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Repli5 — Enabling autonomous vehicles with synthetic data. We automate the creation of synthetic data and digital twins.
  • Vesiro — Install our Elasticsearch plugin and keep your current setup. Just faster.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 13 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • inRiver — Turn product data into a profit maker at every touchpoint with Inriver's market-leading PIM solution that powers the entire product journey.
  • AnaCardio — AnaCardio develops drugs targeting a novel mechanism that improves cardiac contractility and aims to improve clinical outcomes in heart failure.
  • Open Payments — Open Payments connects you to multiple banks through one single unified API. This removes the complexity and frictions of many diverse integrations
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 9 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • xNomad — Find retail shops to rent in Stockholm, Copenhagen, Olso, Helsinki and across the Nordics. Choose from prime retail spaces rent, retail & pop-up shops, shopping centre and event spaces.
  • FirstQFM — FirstQFM offers patent-pending AI foundation models for quantum computing.
  • Ivy Interactive — Ivy is the the AI-first open source .NET framework that helps developers build powerful internal tools faster without reinventing the wheel.Ivy is an open-source tool that makes it incredibly easy to create and deploy .NET applications, powered by AI. Start building smarter applications faster. AI powered .Net development. The ultimate toolkitfor building internal apps - App Generator Turn any database into full-featured backoffice applications in minutes with AI. - Database Generator - Design, build and deploy production quality databases models with AI. - Add Authentication - Ivy provides a variety of build in authentication providers to add sign in to your apps. - Dashboard Generator- Build and deploy dashboard in minutes. - One-Click Cloud Deploy - Deploy to Azure, AWS or GCP in seconds.
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Add Health Media
VC Fund · Kista, Stockholms Lan, Sweden · 8 investments in Sweden Health Care startups

Add Health Media is a company that specializes in creating marketing materials for health companies.

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Investment focus

  • Industry: Health Care, Medical, Apps
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 13
  • Round size: Seed $660k–$1.4M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Geras Solutions — Geras Solution’s mission is to be a leading provider of digital healthcare solutions.
  • Migränhjälpen — Migränhjälpen is providing digital health services.
  • Health Integrator — Health Integrator is a digital marketplace for access to health services. The Health Integrator health platform provides easy access to a large number of activities and health services gathered in one place.
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Partnerinvest Norr
VC Fund · Piteå, Norrbottens Lan, Sweden · 7 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 67
  • Round size: Seed $588k–$2.1M; Series A $1.5M–$5.3M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • Senseworks — Senseworks is an insight platform that enables colleagues to collaborate effectively with customers by providing a single source of truth for accounting data.
  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
  • Remos Space Systems — Remos Space Systems simplifies satellite ground operations.
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Sophia Bendz
Angel · Stockholm, Stockholms Lan, Sweden · 7 investments in Sweden Health Care startups

Sophia Bendz - Partner @ Cherry Ventures

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Investment focus

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

Investor stats

  • Total investments: 46
  • Round size: Seed $400k–$6.6M; Pre-Seed $800k–$2M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • mayk — Mayk sounds. Mayk music. Mayk noise. Mayk it... In an app.
  • Mantle — Welcome to MANTLE - Scandinavian professional skincare elevated by cannabis.
  • Vira Health — Clinically-backed support for your global workforce, from family building through midlife and beyond.
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Navigare Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 7 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • AlixLabs — AlixLabs is a Swedish semiconductor startup, founded in 2019.
  • EnginZyme — EnginZyme is a biotechnology company that specializes in biocatalysis. It creates products for easy and cost-efficient implementation of biocatalytic processes and helps the chemical industry transition to a sustainable way of operating.The company is driven by a mission to make biocatalysis the first choice for chemical process designersworldwide.
  • Pixelgen Technologies — Understand the role of proteins in cellular organization with spatial proteomics. Get ahead in the field of proteomics with us.
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Novo Holdings
VC Fund · Hellerup, Hovedstaden, Denmark · 6 investments in Sweden Health Care startups

Novo Holdings is a world-leading life science investor with a focus on creating long-term value.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: United States, Denmark, United Kingdom

Investor stats

  • Total investments: 335
  • Round size: Series A $9M–$120M; Series B $12M–$130M; Series C $30M–$118M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $165M in 2018

Portfolio highlights

  • AlloCure — AlloCure is a biotechnology company, develops cell therapies for the treatment of various kidney diseases, organ transplants, and multi-organ injuries. It offers biological therapeutics for acute kidney injuries. AlloCure is based in Burlington, Massachusetts. It has operations in Salt Lake City, Utah, and Hamburg, Germany.The company isdedicated to the development of off-the-shelf biological therapies to treat serious and debilitating diseases that afflict millions of people around the world. AlloCure's unique technology uses processed cells derived from human bone marrow to treat a wide variety of diseases. AlloCure was founded on the unique and proprietary technology developed by Dr. Christof Westenfelder and Dr. Axel Zander. Westenfelder and Zander are world-renowned scientists who have dedicated their careers to developing effective therapies for kidney disease. AlloCure has operations in Salt Lake City Utah and Hamburg Germany.
  • PTC Therapeutics — Translating Science. Transforming Lives.
  • Freeline — A leading biotechnology company focused on innovative liver directed gene therapies for bleeding disorders and other debilitating, chronic diseases
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Access 48,091 investors

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

Browse database — It's Free!
HealthCap
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Health Care startups

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: United States, Sweden, France

Investor stats

  • Total investments: 126
  • Round size: Series A $5.7M–$55M; Series B $12M–$88M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $209M in 2019

Portfolio highlights

  • Positrigo — NeuroLF is an ultra-compact brain Positron Emission Tomography system. Our technology makes functional imaging accessible for people worldwide.
  • Gesynta Pharma — Founded in 2017, Gesynta Pharma bases its R&D on research from the Karolinska Institutet. The most advanced drug candidate, GS-248, reduces inflammation and increases blood flow in the microvasculature, thereby having the potential to provide improved treatments for several serious diseases. In an ongoing clinical proof-of-concept study,GS-248 is being evaluated for its capacity to normalize vascular blood flow and reduce pain in patients with the autoimmune disease systemic sclerosis. Positive results from this study may lead to a rapid broadening of the development program towards additional indications, for example cardiovascular diseases and rheumatic diseases other than systemic sclerosis. Major shareholders include Industrifonden, Linc, Hadean Ventures, and a number of successful life science entrepreneurs. For more information, please visit www.gesynta.se
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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Bonit Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Health Care startups

Bonit Capital is a Swedish family-owned investment company. We invest across sectors and asset classes, including social investments and outcome models.Venture Capital - We invest in ambitious founders within the life science sector. We take an active ownership approach by providing capital, industry expertise and access to an internationalnetwork. Our focus areas are digital health, medical technology and diagnostics.Private Equity - We invest in entrepreneurial teams with deep sector expertise and unique market access, primarily in the lower to mid-market buyout segment, with the aim to produce superior returns and meaningful portfolio diversification.Listed Equity - Our strategy is to obtain a broad market exposure through mainly external mandates, and to seek superior returns in individual shares primarily in life science. Among Bonit's main holdings are the world-leading medtech company Elekta AB, founded by Laurent Leksell.Leksell Social Ventures - LSV is the first impact investor in Sweden with a focus on outcome models and direct investments in the areas of mental health, education and social integration. Striving for systemic change, LSV contributes to social innovation and societal development by giving social entrepreneurs and social ideas the necessary prerequisites to develop and progress – through financing, idea development and networking with private, public and nonprofit actors.

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Investment focus

  • Industry: Health Care, Medical, Apps
  • Stage:Seed, Series A
  • Geography: Sweden, United States, Germany

Investor stats

  • Total investments: 12
  • Round size: Seed $1.8M–$4.2M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Vården.se — Vården.se is Sweden's largest private search service in healthcare and health .
  • Bentley — Bentley engages in the development, manufacturing for minimal-invasive treatments of vascular diseases.
  • Alex Therapeutics — The Alex DTx Platform enables partners within pharma and health care to effectively and reliably launch new DTx treatments by leveraging existing insights, modules, processes and data.
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Hampus Jakobsson
Angel · Malmö, Skane Lan, Sweden · 5 investments in Sweden Health Care startups

Hampus Jakobsson is a General Partner at early stage climate tech venture fund Pale Blue Dot.Prior to co-founding Pale Blue Dot, Hampus was a Venture Partner at science fund Blue Yard and a prolific angel investor with >100 angel investments. He co-founded of The Astonishing Tribe (acquired by Blackberry in 2010 for $150m). He left Blackberry2012 to found Brisk.io a sales productivity tool which folded 2016.

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Investment focus

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

Investor stats

  • Total investments: 43
  • Round size: Seed $310k–$5.3M; Angel $96k–$1.2M; Series A $2.3M–$33M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • LifeX — LifeX offers furnished and serviced private rooms in coliving apartments or private apartments in central locations in Copenhagen, London, Paris, Berlin, Munich, Halle and Aarhus. Enjoy all-inclusive prices, flexible rental terms and a built-in community of young professionals.
  • Neurolabs — Neurolabs helps puts an end to out-of-stocks using a powerful combination of computer vision and synthetic data, improving customer experience and increasing revenue.
  • ClimateView — ClimateView is a Swedish climate action technology company that helps cities transform climate planning into progress. We combine data, agent-based modelling and interface design to help cities successfully manage the transition to zero carbon economies.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • juli — juli helps you manage your chronic condition using artificial intelligence. We first learn everything that's unique about you. Then we guide you to improve your daily life.
  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • Endra
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Bonnier Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Health Care startups

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.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Series A
  • Geography: Sweden, Finland, Germany

Investor stats

  • Total investments: 58
  • Round size: Seed $1M–$6.6M; Series A $3.4M–$21M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Acast — Want to start a podcast? Acast can help. We're the world's leading independent podcast company, helping creators and advertisers reach listeners globally.
  • Mediaflow Europe — Mediaflow Europe is a SaaS company that provides its platform for image, video, design, templates, and document sharing and management.
  • Kyra — Scaling end-to-end campaigns with the creators, content, and clarity your brand's been missing. Powered by AI technology, curated by humans.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Sweden Health Care startups

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

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 165
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$23M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • MEGA.AI — MEGA.AI is a SaaS company that is revolutionizing debt collection with AI-powered voice technology, delivering smarter, faster, and more efficient customer interactions. MEGA’s AI Agents provide a precise, compliant, and debtor-friendly solution that manages high call volumes cost-effectively.
  • Standab — Standab is helping cities adopt cleaner, more effective urban mobility systems by offering innovative and eco-friendly parking and charging options, thereby influencing the direction of micromobility.
  • WeWillWrite
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Karolinska
VC Fund · Solna, Stockholms Lan, Sweden · 4 investments in Sweden Health Care startups

Karolinska Development aims to create value for patients, researchers, investors and society by developing innovations from world class science into products that can be sold or out-licensed with high returns. The business model is to: SELECT the most commercially attractive medical innovations; DEVELOP innovations to the stage where the greatestreturn on investment can be achieved; and COMMERCIALIZE the innovations through the sale of companies or out-licensing of products.Karolinska Development has developed a well-structured selection process to identify the most commercially attractive medical innovations screened by KIAB. Pharmaceutical development is a high-risk enterprise. In most cases, development projects fail because of side effects or insufficient efficacy. Successful selection of innovations is fundamental to Karolinska Development’s business model, which makes the inflow of new projects crucial. One key to success lies in selecting those innovations that can be developed from scientific findings to products and have significant commercial potential. To date, over 1,300 projects have been screened by KIAB.The portfolio companies are often founded together with the innovators and are initially operated as virtual companies with few or no employees. During the first six to twelve months, the companies normally have minimal fixed costs and technological development is outsourced.The innovator, who is often employed at an academic institution, normally participates as a board member and scientific advisor. The CEO of a portfolio company cooperates closely with a representative of Karolinska Development, who in most cases is also a board member of the company. The companies are capitalized to reach their next milestone, usually within a period of six to eighteen months. Development projects are continuously monitored, and those that do not meet their stipulated targets are discontinued. In the first three to four years, a portfolio company’s operating expenses are often limited to a few million Swedish kronor per year, which cover the cost of external studies and the salary of the staff. In subsequent years, Karolinska Development and other investors play an important role recruiting key expertise to the companiesKarolinska Development intends to realize value by exiting portfolio companies or through out-licensing of projects. Such transactions (especially out-licensing) are often structured as single upfront payments followed by payments based on predetermined milestones and royalties on sales. Although Karolinska Development has a flexible exit strategy, pharmaceutical products are, for two reasons, preferably exited at Phase II. First a successful Phase II study indicates that the pharmaceutical has an effect on patients, which is an important value-enhancing factor when negotiating out-licensing or sales. Secondly, finalizing product development and undertaking Phase III clinical trials frequently requires very large patient populations. In many cases this requires much greater resources than those available at Karolinska Development but these can be found in established pharmaceutical companies. Several licensing deals were closed in 2011 involving projects with a similar focus and development phase to Karolinska Development's projects.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 29
  • Round size: Series A $1.3M–$73M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • BOOST Pharma — Boost Pharma: Developing a stem cell therapy for Osteogenesis Imperfecta.
  • Modus Therapeutics — Modus Therapeutics is a Swedish drug development company developing sevuparin – a novel drug to treat people suffering from Sickle Cell Disease – a painful, inherited blood disorder affecting millions of people around the globe.
  • Umecrine Cognition — Umecrine Cognition is a Swedish clinical-stage pharmaceutical company developing a novel class of drugs to treat neurological disorders of the brain.
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Mattias Weinhandl
Angel · Linköping, Ostergotlands Lan, Sweden · 4 investments in Sweden Health Care startups

Mattias Weinhandl

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Investment focus

  • Industry: Apps, Fitness, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $164k–$3.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Heja — Free app for your sports team. The only app you need to easily handle communication between coaches, managers, parents and players. Management, scheduling, availability, messaging, roster.
  • 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.
  • 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.
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Crowberry Capital
VC Fund · Reykjavík, Gullbringusysla, Iceland · 4 investments in Sweden Health Care startups

Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first.

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Investment focus

  • Industry: Software, Gaming, Health Care
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Iceland, Denmark, Finland

Investor stats

  • Total investments: 48
  • Round size: Seed $1.6M–$4.7M; Pre-Seed $1k–$1.3M; Series A $5.7M–$17M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Prescriby — Prescriby is a digital treatment system developer to combat the opioid crisis by improving prescription safety and monitoring.Prescriby features a treatment generator and dashboard monitor to simplify complex health information, allowing clinics to give individualized data-driven therapies and safer monitoring for their customers.
  • Dreamdata — Dreamdata is a B2B Revenue Attribution Platform that gathers, joins, cleans all revenue-related data to present transparent, actionable analysis of what drives B2B revenue. The ultimate B2B multi-touch attribution tool for multi-techstack businesses.
  • Mainframe Industries — Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that thepromise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers.
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GU Ventures
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 4 investments in Sweden Health Care startups

GU Ventures build businesses out of groundbreaking ideas that help shape a better tomorrow. Our passionate team of company builders, financial experts, IP and legal talent ensure success for our companies.

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Investment focus

  • Industry: Medical, Health Care, Pharmaceutical
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 6
  • Round size: Seed $810k–$2.9M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • NSS Water
  • Profundus Imaging — Profundus' retinal imaging technology enables researchers and clinicians in particular to visualise subclinical changes of retinal disease.
  • Thioredoxin Systems — Thioredoxin Systems AB is developing an innovative antibiotic regimen for complicated urinary tract infections caused by antibiotic-resistant bacteria. The
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Heartcore Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Sweden Health Care startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Denmark, United States, Germany

Investor stats

  • Total investments: 199
  • Round size: Seed $1.3M–$12M; Series A $3.4M–$27M; Series B $9.6M–$76M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $250M in 2021

Portfolio highlights

  • Skynopy — Skynopy offers an end-to-end connectivity solution for satellite operators to communicate with their satellites in Low-Earth Orbit.
  • TrapLight Games — A hard-hitting mobile game studio from Finland. Traplight is a premium mobile games studio with 10+ years of game development expertise at the highest level. Our ambition is to create world class, chart topping, scalable game services.
  • 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.
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Cristina Stenbeck
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

Cristina Stenbeck has been the lead shareholder of Kinnevik over the last 20 years. Cristina began her career within the Kinnevik group when she joined her first public portfolio company board in 1997. She became Deputy Chairman of Kinnevik in 2003. Served as Chairman and Executive Chairman of the Board between 2007 and 2016 and still serves on theBoard today. Kinnevik is a family-led entrepreneurial group focused on building digital consumer businesses spanning 80 countries around the world. The six investment focus areas are: Communication, e-Commerce & Marketplaces, Entertainment and Financial Services and it recently added health and education to its current consumer focus. Last year, Kinnevik made its first investment into a digital heath platform called babylon which uses advanced AI to diagnose and treat consumers' medical concerns. Kinnevik's largest investment is its 32% ownership in Zalando, Europe's leading fashion and e-commerce company. Cristina graduated with a B.Sc. from Georgetown University in Washington DC, USA and lives in Stockholm, Sweden with her family and four children.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $400k–$52M; Series A $1.3M–$105M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Opna — Opna is a financing platform for climate projects that remove carbon and protect natural ecosystems. Opna offers data, proprietary risk assessments, and efficient capital structures, helping companies to translate net-zero committed capital from financial institutions, and corporates into direct financing across a project's lifecycle.
  • Fides — Fides is your one-stop-shop for c-level governance.We are making it easier for managers to comply with, digitally execute and track their legal obligations across different companies in various jurisdictions. Keep an overview of duties, deadlines and tasks in different entities. Orchestrate, execute and document c-level meetings, resolutions& approvals. Create a revision-proof audit trail of any c-level decision.We know you have good intentions. You just need to be able to prove them.
  • Stegra — H2 Green Steel will be a fully integrated, digitalized and automated greenfield steel plant. By bringing together raw materials, renewable energy, local expertise, and artificial intelligence, we aim to bring emissions down to zero.
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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

SEB Venture Capital is a Fintech investor that helps entrepreneurs and innovators launch and grow profitable businesses. They primarily serve as a strategic corporate venture focused on Fintech investments, with the option of partnering with SEB. They are also on the hunt for game-changing inventive solutions to new technologies that will make thefinancial industry smarter, safer, and more environmentally responsible, as well as more user-friendly. They also function as an evergreen fund, giving them the flexibility and staying strength to focus on long-term wealth development depending on what is best for the firm and its shareholders.

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Investment focus

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

Investor stats

  • Total investments: 70
  • Round size: Series A $1.2M–$11M; Series B $2.2M–$23M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $300M in 1995

Portfolio highlights

  • Apica — The Operational Data Fabric from Apica unifies and connects all your data using a revolutionary Active Observability architecture.
  • MobileTag — Mobile Tag, the European leader in mobile barcode solutions, continues to innovate with the launch of its latest application: mobiletag Universal Reader and shopping.Mobile Tag is behind the creation of the flashcode, the standard 2D barcode used by operators in France. This type of Datamatrix barcode is used by the biggest companies indisplay, transportation, distribution, the pharmaceutical industry, and more.Mobile Tag has always tried to develop new technology from the consumer's point of view, and the mobiletag Universal Reader & shopping is no exception.The concept behind this application is to send, receive and share information and best prices to everyone and for everyone through all standardized barcodes.Scanning a barcode with your mobile phone is simply taking a picture of it with your phone, using the mobiletag application. Mobile tag is free!
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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VNV Global
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

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.

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Investment focus

  • Industry: Health Care, E-Commerce, Marketplace
  • Stage:Series B, Series A
  • Geography: United Kingdom, Sweden, Russian Federation

Investor stats

  • Total investments: 95
  • Round size: Series A $1M–$30M; Series B $5M–$85M
  • Lead/follow: 52% lead, 48% follow

Portfolio highlights

  • YUV — The world's first smart hair colour lab for salons and freelancers.
  • All3 — All3 uses AI and robotics to design, manufacture, and assemble buildings through a unified system. The company provides an end-to-end system that combines AI-driven architectural design, robotic off-site manufacturing, and automated on-site assembly for residential and commercial structures. Its platform enables customized building components to beproduced and assembled with software-controlled workflows, reducing reliance on manual processes and fragmented supply chains.All3 also offers vertically integrated services that cover planning, engineering, fabrication, and construction delivery, allowing developers to manage projects within a single system. Its technology supports complex building designs and constrained urban sites by adapting production and assembly processes to specific project requirements.
  • Flo Health — Track your periods, ovulation, and pregnancy with the Flo app. Log your cycle symptoms so you can understand your body better.
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Lars Lindgren
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

Lars Lidgren is the Founder at Bonesupport.

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Investment focus

  • Industry: Software, Apps, SaaS
  • Stage:Seed, Angel
  • Geography: Sweden

Investor stats

  • Total investments: 9
  • Round size: Seed $180k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ella — Ella is a medical mobile application for women during and after pregnancy.
  • Learnster — Learnster develops the LMS of tomorrow for growing organizations aspiring to achieve maximum learning in minimum time.
  • Match2One — Programmatic advertising platform, high performance and easy to use. Launch intelligent programmatic display campaigns and drive online sales.
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Erik Byrenius
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

Erik Byrenius is a founding partner of Mudcake, a microfund run by ex-founders dedicated to making the world a better place for the next generation. We invest in the strongest founders shaping the way we produce, distribute and consume food. Our typical ticket is $200k-$600k in pre-seed and seed rounds globally.Previously he was the CEO andco-founder of food delivery business OnlinePizza (exit to Delivery Hero), founder of StartupTools and co-founded the angel syndicate Nordic Makers.

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Investment focus

  • Industry: Health Care, Security, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Sweden, United States, Belgium

Investor stats

  • Total investments: 12
  • Round size: Seed $360k–$2.1M; Pre-Seed $233k–$1.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Digitail — Grow your practice, offer a modern client experience, and automate routine practice tasks with the proven all-in-one veterinary software.
  • Mavenoid — Mavenoid is the only product support automation platform built for complex products and devices. Using our unique AI, we solve problems too complex for chatbots
  • Elsa — Elsa is a platform for patient driven research for better drugs, health and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding around how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives themaccess to data on their specific disease (initially we work with rheumatoid arthritis) through the Riskminder foundation and scientific studies at Karolinska Institutet.
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Khosla Ventures
VC Fund · Menlo Park, California, United States · 3 investments in Sweden Health Care startups

Khosla Ventures is a venture capital firm that invests in early- to late-stage companies across sectors like AI, healthcare, sustainability, and consumer technology. It manages multiple funds, focusing on startups with innovative technologies or business models. The firm primarily targets sectors like AI, climate tech, digital health, and medtech,offering strategic support to help build long-lasting companies.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Series A, Series B, Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1085
  • Round size: Seed $2M–$17M; Series A $5.5M–$44M; Series B $10M–$100M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $557M in 2022

Portfolio highlights

  • Fundbox — Fundbox offers fast, easy access to business financing, up to $150,000. Learn how our line of credit and term loan options can unlock growth for your business.
  • Even — Even is a health tech company and healthcare provider that partners directly with the top hospitals in the country to offer you unlimited diagnostics, consultations, and 50 lakh worth of hospitalisations all with one monthly subscription cost.
  • Loop — Loop Health is bringing ease and choice to patients seeking major medical treatments. We've brought together family physicians, top specialists, and leading hospitals in Pune – to provide options, transparency, and ease to patients and their families. Loop Coordinators help patients match with a doctor, compare treatment costs, get secondopinions, and complete admission formalities – removing the stress and making lives easier for the patient and their families.
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Life Science Invest
VC Fund · Bromma, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

LSI Academy - New education 2026, read more here

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Investment focus

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

Investor stats

  • Total investments: 3
  • Round size: Seed $1.8M–$4.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CubaseBio — Cubase Bio is a biotechnology business that focuses on spatial biology tools. It creates solutions for 3D spatial analysis to speed up drug discovery.
  • AAX Biotech — AAX Biotech specializes in next-generation antibody therapeutics through our two unique and proprietary technologies, Seqitope™ and Opti-mAb™, that enable high-resolution and high throughput epitope mapping as well as stabilization of single chain variable fragments (scFv) for applications such as bispecific antibodies and CAR-T cells. OurTechnologies: Seqitope™ is a high-resolution, high throughput method for antibody epitope mapping that accelerates the development of efficacious therapeutics.Opti-mAb™ is a new scFv format with dramatically improved expression levels and reduced aggregation tendencies. This will significantly improve the next generation of cutting-edge immunotherapies such as CAR-T and bispecific antibodies.
  • SampleFacts — Next generation Dried Blood Spot sampling – separating cells and plasma at the point of collection.
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Per Båtelson
Angel · Lidingö, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

Per Båtelson

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Investment focus

  • Industry: Medical, Health Care, Medical Device
  • Stage:Seed, Angel
  • Geography: Sweden, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $1.4M–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elsa — Elsa is a platform for patient driven research for better drugs, health and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding around how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives themaccess to data on their specific disease (initially we work with rheumatoid arthritis) through the Riskminder foundation and scientific studies at Karolinska Institutet.
  • Valar Labs — AI to Make Oncologists Smarter
  • Imaginecare — Imaginecare is a self-care support that helps patients with long-term health challenges to a better life. Imaginecare consists of a technical platform supplemented with a range of services and analysis tools that together offer a complete solution for healthcare.
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Calm/Storm VC
VC Fund · Vienna, Wien, Austria · 3 investments in Sweden Health Care startups

Calm/Storm is an exclusive founder network and venture capital firm. We invest in purpose driven founders changing our life & health for the better. Headquartered in Vienna, Austria we invest in early-stage companies all over Europe and the US. We focus on the pre-seed and seed stages but also invest up to Series A.

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Investment focus

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

Investor stats

  • Total investments: 123
  • Round size: Seed $1.3M–$7.3M; Pre-Seed $478k–$2.7M; Series A $6M–$18M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — raised $23M in 2020

Portfolio highlights

  • ThinkSono — ThinkSono Guidance enables any non-ultrasound trained healthcare professional to scan for blood clots (DVT). It reduces waiting times, negative DVT cases and can be used at the point of care.
  • Univa Health — Eating disorders care for children, teens and adults. Support for parents and carers to strengthen recovery
  • Bea Fertility — Bea Fertility is a monthly subscription program that provides users with at-home fertility treatment and ovulation tracking.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

We help great minds unleash their full potential!

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Cetasol
  • CemVision — CemVision is an industrial tech company that has been developing CO2-free cement.
  • Helios Innovations — Helios Innovations is an industrial machinery manufacturing industry that develops modular and electrical evaporation plants for water.
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Lars-Erik Skjutare
Angel · 3 investments in Sweden Health Care startups

Lars-Erik Skjutare is the Chief Executive Officer at Bergendahls. Lars-Erik Skjutare attended IMD.

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Investment focus

  • Industry: Apps, Wellness, Productivity Tools
  • Stage:Seed, Angel
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Round size: Seed $531k–$701k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Simpliday — Simpliday brings together a business professionals’ meetings, to-do’s, and emails into one place. No more app-hopping between calendars, emails, reminders, and files to get through the day. No more missed meetings or reminders. The company redesigns how users plan and get through the day based on what the day really looks like. Simpliday wasfounded on 2013 and is headquartered in Malmö, Sweden.
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Hadean Ventures
VC Fund · Oslo, Oslo, Norway · 3 investments in Sweden Health Care startups

Hadean Ventures is a life science fund manager that invests in life science companies across europe with a particular focus on the nordic region. The funds are backed by leading private and institutional investors. Hadean Ventures has offices in oslo and stockholm and collaborates with world-class academic institutions and start-up hubs across theregion

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B
  • Geography: Norway, Sweden, Germany

Investor stats

  • Total investments: 30
  • Round size: Series A $4.3M–$79M; Series B $4.5M–$68M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $105M in 2021

Portfolio highlights

  • Step Pharma — Step Pharma is a spin-off of Imagine Institute stemming from Pr. Alain Fischer’s research on genetic immunodeficiencies. Step Pharma is a joint venture between Imagine, a research and innovative healthcare institute, Sygnature Discovery, a leading provider of integrated drug discovery resource and expertise, and Kurma Partners, a major player inthe funding of healthcare and biotechnology in Europe.
  • Gesynta Pharma — Founded in 2017, Gesynta Pharma bases its R&D on research from the Karolinska Institutet. The most advanced drug candidate, GS-248, reduces inflammation and increases blood flow in the microvasculature, thereby having the potential to provide improved treatments for several serious diseases. In an ongoing clinical proof-of-concept study,GS-248 is being evaluated for its capacity to normalize vascular blood flow and reduce pain in patients with the autoimmune disease systemic sclerosis. Positive results from this study may lead to a rapid broadening of the development program towards additional indications, for example cardiovascular diseases and rheumatic diseases other than systemic sclerosis. Major shareholders include Industrifonden, Linc, Hadean Ventures, and a number of successful life science entrepreneurs. For more information, please visit www.gesynta.se
  • Complement Therapeutics — Turning powerful new Complement System insights into innovative treatments Developing the next generation of complement medicines [chevron-down] Turning powerful new Complement System insights into innovative treatments Developing the next generation of complement medicines [chevron-down] Geographic atrophy (late dry age-related macular degeneration) is a chronic eye condition that affects millions - and for which there is
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Christer Arvidsson
Angel · Eslöv, Skane Lan, Sweden · 3 investments in Sweden Health Care startups

Christer Arvidsson

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Investment focus

  • Industry: Apps, Wellness, Productivity Tools
  • Stage:Seed, Angel
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Round size: Seed $531k–$701k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Simpliday — Simpliday brings together a business professionals’ meetings, to-do’s, and emails into one place. No more app-hopping between calendars, emails, reminders, and files to get through the day. No more missed meetings or reminders. The company redesigns how users plan and get through the day based on what the day really looks like. Simpliday wasfounded on 2013 and is headquartered in Malmö, Sweden.
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Sweet Studio
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

We co-found companies, dedicating our in-house team of designers, developers, and marketers to bring ideas to life. With every venture we co-found, our mission is to advance the consumer experience across industries with world-class technology, data-informed design, and lots of heart. Are you an entrepreneur who shares our mission?

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Investment focus

  • Industry: iOS, Apps, Audio
  • Stage:Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 6
  • Round size: Pre-Seed $145k–$400k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Koo! — Koo! is an audio based social networking service that let users record and listen to 1-minute audio clips called Koos.
  • Alex Therapeutics — The Alex DTx Platform enables partners within pharma and health care to effectively and reliably launch new DTx treatments by leveraging existing insights, modules, processes and data.
  • Stride Leadership — Stride is the revolutionary leadership product built to help become a confident leader. For too long, we’ve been taught that leadership is an elite act that’s linked to your job title. Now you hold leadership development in your hand, regardless of your age, job title, or seniority.With Stride, you’ll learn what it truly means to lead, and how todo it. We’ll bust common myths and you’ll discover which style of leadership is the best fit for you. Designed by leadership and design experts, Stride will help you learn the mindset required, the basics of leadership, and techniques for dealing with inevitable challenges. Whether you’re new to leadership or you’re a seasoned professional you’ll love learning and forming new habits with Stride.
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Unconventional Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Sweden Health Care startups, 7 in the past 12 months

Unconventional Ventures invests in startups in the pre-seed and seed stage led by diverse founders identifying as women, people of color, immigrants and/or LGBTQ+, building scalable impact tech companies in the Nordics and beyond.

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $1M–$5.2M; Pre-Seed $1.5M–$2.8M; Series A $4.8M–$18M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Flox Intelligence — Wildlife intelligence for critical infrastructure.
  • AIRMO — Airmo is a space tech company that offers an independent data source that locates, quantifies, and tracks carbon dioxide and methane emissions through a small satellite constellation.
  • Octarine Bio — Octarine Bio is a world leading synthetic biology platform with a core mission to drive bio-based, sustainable solutions to address the most pressing planetary issues through innovation & exploration. Inspired by nature, to protect nature.
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Josefin Landgård
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

Josefin Landgård is the Founder and CEO of Mantle. Previously she served as the Co-Founder and COO at KRY back in March 2014 to September 2018.

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Investment focus

  • Industry: Health Care, Mobile, Medical
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Sweden, France

Investor stats

  • Total investments: 8
  • Round size: Seed $400k–$5.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Estmn — Estrid is an online portal that offers women's personal care products.
  • Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
  • Elsa — Elsa is a platform for patient driven research for better drugs, health and prevention. Elsa lets patients become their own personal researchers by providing them with a better understanding around how lifestyle factors may affect their disease activity measurements for chronic disease. To support them from a scientific perspective, Elsa gives themaccess to data on their specific disease (initially we work with rheumatoid arthritis) through the Riskminder foundation and scientific studies at Karolinska Institutet.
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Sting Capital
VC Fund · Kista, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 16
  • Round size: Seed $216k–$724k; Pre-Seed $366k–$611k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Prion — Prion makes it quick and easy for the preschool staff to give parents insight into what happens at preschool - together with the children. The app is available free for iPhone, Android and iPad.
  • Texelio — Texelio a company who is set to redefine financial market news by developing AI which empowers the customers of Retail banks, Online Brokers and Investment Service platforms.
  • Minnemera — Minnemera develops digital neurocognitive tests.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Health Care startups

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Estonia, Sweden

Investor stats

  • Total investments: 122
  • Round size: Seed $384k–$5.2M; Pre-Seed $106k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2021

Portfolio highlights

  • Cytely — Transforms microscopy from image-driven to data-driven through AI-powered autonomous targeting that captures high-resolution data of critical cellular events, enabling researchers to solve complex biological problems in minutes instead of years.
  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
  • NROC Security — Prevent data leaks, govern shadow AI, prove compliance, and save 50% on GenAI subscriptions
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 104
  • Round size: Seed $658k–$5M; Pre-Seed $549k–$2.6M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • Hygraph — A GraphQL-native headless CMS that marketers and developers love. Structure content, scale with AI, and launch faster across every channel.
  • Stack — Stack is an immersive experience of the internet with collaboration at its core. Achieve more with your peers in an organized environment
  • Sonomo — Invest in music royalties and earn monthly dividends. Thousands of assets to trade from and build a balanced portfolio. Start today.
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Leksell Social Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Health Care startups

Leksell Social Ventures is the first professional impact investing company in Sweden. LSV seeks to evolve the practice of philanthropy through establishing social impact investing at an institutional scale in Sweden, building on inspiration from the UK and US. We are a non-profit, private investment company incorporated in Sweden. LSVfinances scalable, economically sustainable, well governed initiatives with evidence based and measurable social impact. LSV invests up to 1 mUSD through equity, loans, guarantees or grants. LSV is currently focusing on integration, mental ill health and tech for good initiatives Founded by life-science billionaire Laurent Leksell (Elekta AB) and Family LSV is run by CEO, Hugo Mörse and team.

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Investment focus

  • Industry: Health Care, Apps, Fitness
  • Stage:Seed, Series B
  • Geography: Sweden, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $724k–$2.2M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Epigenica — Epigenica focuses on advancing epigenomics through its EpiFinder™ platform, a multiplexed ChIP-seq technology for high-throughput analysis of epigenetic marks. The company offers R&D services for the development of therapeutic molecules and diagnostic methods using epigenetics. Epigenica aims to improve scientists' ability to capture andextract insights from the epigenome, contributing to precision medicine and the discovery of new biomarkers.
  • Meru Health — Meru Health is an online mental health provider that helps people improve their mental health long-term by treating depression, anxiety, and burnout.
  • Health Integrator — Health Integrator is a digital marketplace for access to health services. The Health Integrator health platform provides easy access to a large number of activities and health services gathered in one place.
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Nina Capital
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Sweden Health Care startups, 7 in the past 12 months

We deploy early stage capital to fuel the growth of need-driven health technology companies.

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Investment focus

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

Investor stats

  • Total investments: 68
  • Lead/follow: no public data

Portfolio highlights

  • Noah Labs — Noah Labs is a compant that creates AI-powered software solutions for medical care and research that help diagnose, manage illnesses, and guide interventions.
  • Rivia — Integrated Clinical Trial Intelligence. Drive therapeutic evaluation and trial management with real-time insights.
  • Lillian Care — Lillian is building a nationwide network of health facilities in Germany.
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SmiLe Inject Capital
VC Fund · Lund, Skane Lan, Sweden · 2 investments in Sweden Health Care startups

SmiLe Inject Capital operates as an angel investment company that focuses solely on promising early-stage life science companies.

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Investment focus

  • Industry: Health Care, Organic Food, Food and Beverage
  • Stage:Angel, Seed
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Yazen — Yazen is a digital obesity clinic that offers weight loss through modern pharmaceutical treatment.
  • Saveggy — Saveggy develops a bio-based edible vegan coating for fruit and vegetables eliminating plastic while keeping its protecting properties.
  • Call Knut — Are you worried about an elderly relative? Our service is a smart voice bot that helps you check in with the elderly by phone.
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Metsa Spring
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Sweden Health Care startups

We boldly invest in and support promising startups and potential innovations that explore new uses for sustainably-grown Nordic wood.

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Investment focus

  • Industry: Sustainability, GreenTech, Chemical
  • Stage:Seed, Series A
  • Geography: Finland, Sweden

Investor stats

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

Portfolio highlights

  • Adsorbi — Adsorbi use cellulose from the Nordic forest to help air purification companies to capture gaseous air pollutants.
  • FineCell — FineCell is a sustainable cellulose microfibers provider that enables manufacturers to make new products with reduced carbon footprints and differentiated properties.The company's cellulose microfibers possess physical and chemical properties that differ from competing products and provide differentiated benefits for the users. It has beensupported by Vinnova (Sweden’s innovation agency) and EIT InnoEnergy.The Linköping, Ostergotlands Lan-based company was established in 2015 by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li.
  • Fiberwood — Fiberwood is a new eco-friendly wood fiber insulation that can be used for a variety of purposes. Fiberwood has excellent insulating properties, is entirely bio-based, and thus contains no plastic or other fossil-based materials.
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The Inner Foudation
VC Fund · 2 investments in Sweden Health Care startups

The Inner Foudation

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Investment focus

  • Industry: Wellness
  • Stage:Pre-Seed
  • Geography: United Kingdom

Investor stats

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

Portfolio highlights

  • Oma (Formerly Wangie.app) — Connect with qualified mental health practitioners, ready and available round the clock.
  • Meela — Meela AB matches individuals with psychologists or psychotherapists for online and in-person therapy.
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Uppsala universitet Invest AB
VC Fund · Uppsala, Uppsala Lan, Sweden · 2 investments in Sweden Health Care startups

Uppsala universitet Invest AB focuses on investment management, particularly in early-stage ventures. The company collaborates with researchers and students, providing financial support and strategic guidance for innovative projects. It aims for long-term investment horizons, typically ranging from 5 to 15 years. Uppsala universitet Invest AB alsopartners with other investors and co-financiers to support research-driven initiatives.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • SampleFacts — Next generation Dried Blood Spot sampling – separating cells and plasma at the point of collection.
  • Readily Diagnostics — Readily Diagnostics develops speedy and accurate diagnostic tests for respiratory disorders, enabling faster and more effective therapy at the point of care.
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DHS Venture Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Health Care startups

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

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Investment focus

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

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

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
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Health Care startups, 11 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 215
  • Lead/follow: no public data

Portfolio highlights

  • Prewave — Supplier monitoring for purchasing, supply chain management and sustainability managers.
  • Plancraft — MISSION We empower our customers to focus on what they love: crafts & construction VISION In times of automation, individual and high-quality work of craftsmen will be as demanded as ever. Plancraft paves the way for profitable projects by bringing powerful calculation to an easy-to-use and accessible level.
  • Visibly — Visibly developing technology to bring about the change our built environment requires by providing businesses with the tools they need to reduce the industry's skills gap and ensure our infrastructure can meet the needs of the population.
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Angelgate
VC Fund · Saint Gallen, Sankt Gallen, Switzerland · 2 investments in Sweden Health Care startups

Lambe77 adalah tempat para slotter bisa daftar dan mengakses link slot gacor dengan winrate paling paten gacor karena gampang win hanya dengan bet kecil dan merupakan bandar resmi slot88 yang dikenal sejak lama.

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Investment focus

  • Industry: B2B, Finance, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, Sweden

Investor stats

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

Portfolio highlights

  • Apotekamo — Sve za zdravlje, negu i lepotu na jednom mestu!
  • ProntoPiso — ProntoPiso offers real estate services that provide advise during the buying and selling of properties. The company's online platform accompanies and advises real estate transactions and advances the money from the sale of houses without cost, enabling clients to receive real estate transaction-related support and buy/sell properties withease.
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Health Care Investor funding in Sweden at a glance

Stats across 652 deals from 648 investors.

648
investors
in Sweden Health Care startups
652
deals
in Sweden Health Care startups
$1.5M
median round
in Sweden Health Care startups
35%
lead investors
lead at least one round
20%
Seed
most common funding stage
76/24
VC / Angel
share of investor count

Access all 648 investors in Sweden Health Care startups.

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