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Top 50 Impact Startup Investors in Sweden (August 2026)

The most active venture capital funds and angel investors investing in Sweden Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Impact startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Chalmers Ventures AB
VC Fund
35 Sweden Pre-Seed, Seed Software, Biotechnology, Information Technology $5.8k–$2.3M
Almi Invest
VC Fund
23 Sweden, United States, Ukraine Seed, Venture - Series Unknown Software, Health Care, Information Technology $230k–$5M
Norrsken VC
VC Fund
10 Sweden, United Kingdom, Germany Seed, Series A Software, Food and Beverage, Artificial Intelligence $700k–$56M
Antler
VC Fund
8 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
BackingMinds
VC Fund
7 Sweden, Denmark, Finland Seed, Pre-Seed Software, SaaS, Energy $826k–$8.2M
Course Corrected
VC Fund
6 Sweden, United States, Finland Seed, Pre-Seed, Venture - Series Unknown Energy, Renewable Energy, Manufacturing $531k–$31M
Industrifonden
VC Fund
6 Sweden, United States, Denmark Series A, Seed Biotechnology, Software, Information Technology $1.2M–$21M
Almi Invest GreenTech
VC Fund
5 Sweden, United States Seed, Venture - Series Unknown, Series A Energy, Chemical, Manufacturing $500k–$12M
byFounders
VC Fund
5 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
Midroc New Technology
VC Fund
5 Sweden Seed, Series A Energy, Renewable Energy, Manufacturing
Kinnevik
VC Fund
5 United States, Sweden, Germany Series B, Series A, Series C E-Commerce, Health Care, Financial Services $2M–$200M
Nordic Alpha Partners
VC Fund
4 Denmark, Germany, Sweden Seed, Series A Energy, Energy Storage, Manufacturing $3M–$15M
CommerzVentures
VC Fund
4 United Kingdom, Germany, United States Series A, Series B, Series C FinTech, Financial Services, Software $7.3M–$103M
General Catalyst
VC Fund
4 United States, United Kingdom, India Series A, Seed, Series B Software, Artificial Intelligence, Health Care $2M–$130M
Luminar Ventures
VC Fund
4 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
Climentum Capital
VC Fund
4 Sweden, Germany, Norway Seed, Series A, Series B CleanTech, Energy, Clean Energy $2.1M–$16M
Lowercarbon Capital
VC Fund
4 United States, United Kingdom, France Seed, Series A, Series B Renewable Energy, Energy, Biotechnology $3.8M–$150M
Kiilto Ventures
VC Fund
4 Switzerland, Norway, Sweden Seed, Pre-Seed Software, Construction, Sustainability $1.3M–$2.7M
SamInvest Mitt
VC Fund
3 Sweden Seed, Pre-Seed Software, Manufacturing, Hardware $318k–$2M
Rikard Steiber
Angel
3 Sweden, United States, Czech Republic Seed, Angel, Series A Software, Virtual Reality, Mobile Apps $150k–$15M
Visive Capital
VC Fund
3 Sweden Seed, Pre-Seed Environmental Engineering, Finance, Internet
Headline
VC Fund
3 United States, Germany, Brazil Series A, Series B, Seed Software, E-Commerce, Information Technology $1.1M–$87M
Brightly Ventures
VC Fund
3 Sweden, United States Seed, Series A Software, Information Technology, SaaS $1.2M–$16M
SEB Venture Capital
VC Fund
3 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.2M–$23M
Polar Structure
VC Fund
3 Sweden, Puerto Rico, United States Seed, Venture - Series Unknown Energy, Manufacturing, Software $1.3M–$11M
NordicNinja VC
VC Fund
3 Sweden, Finland, Estonia Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $2.3M–$62M
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $907k–$11M
Norrsken Launcher
VC Fund
3 Sweden Seed, Pre-Seed AgTech, Nuclear, CleanTech $3.2M–$12M
Verdane
VC Fund
3 Sweden, Norway, Germany Private Equity, Venture - Series Unknown Software, E-Commerce, Information Technology $5.3M–$116M
Wellstreet
VC Fund
3 Sweden, Norway, Finland Seed, Pre-Seed Software, E-Commerce, Retail $193k–$2.5M
Altor
VC Fund
3 Sweden, Norway, United States Private Equity, Post-IPO Equity, Series B Manufacturing, E-Commerce, Energy $8.8M–$1.9B
Southbay ventures
VC Fund
3 Sweden Seed, Series A Sustainability, Cycling, Construction
Hampus Jakobsson
Angel
3 Sweden, Denmark, United States Seed, Angel, Series A Health Care, Software, Artificial Intelligence $96k–$30M
Northzone
VC Fund
3 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.5M–$90M
Sebastian Siemiatkowski
Angel
3 Sweden, United States, Poland Seed, Series A Software, Internet, E-Commerce $825k–$200M
CapitalT
VC Fund
3 The Netherlands, United Kingdom, Sweden Pre-Seed, Seed Software, Artificial Intelligence, Information Technology $585k–$11M
SMOK Ventures
VC Fund
3 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS $54k–$3M
H&M Group Ventures
VC Fund
3 Sweden, United States, United Kingdom Series A, Seed E-Commerce, Fashion, Textiles $1.9M–$45M
Legal & General Capital
VC Fund
3 United Kingdom, Sweden Series B, Series A Energy, Solar, Manufacturing $11M–$46M
Unconventional Ventures
VC Fund
3 Sweden, Denmark, United Kingdom Seed, Pre-Seed, Series A Health Care, Software, Wellness $1M–$18M
DHS Venture Partners
VC Fund
3 Sweden Pre-Seed, Seed Software, SaaS, Big Data $180k–$1.8M
BNVT Capital
VC Fund
3 Saudi Arabia, France, Germany Series A, Seed, Pre-Seed Software, E-Commerce, Construction $3M–$22M
Wave Ventures
VC Fund
3 Finland, Sweden, Germany Pre-Seed, Seed Software, Internet, Information Technology $183k–$3.4M
Filip Larsson
Angel
3 Sweden Pre-Seed, Seed, Angel Mobile Apps, Software, Health Care $193k–$2M
Rampersand
VC Fund
3 Australia, United States, New Zealand Seed, Series A, Pre-Seed Software, Artificial Intelligence, FinTech $1M–$10M
SoftBank
VC Fund
2 United States, Brazil, Japan Series B, Series C Software, Information Technology, Internet
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Ålandsbanken
VC Fund
2 Sweden Series A FinTech, Social Impact, Sustainability
LT Capital
VC Fund
2 Poland, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $124k–$2.1M
Wiklöf Holding
VC Fund
2 Sweden Series A FinTech, Social Impact, Sustainability
Access all 648 investors in Sweden Impact startups.

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

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Investor list

Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 35 investments in Sweden Impact 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, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 249
  • Round size: Seed $285k–$2.3M; Pre-Seed $5.8k–$318k
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Anferra — Turning hazardous steel waste into clean water and green energy.
  • InfiniNode Technologies AB — InfiniNode is a semiconductor IP company that seeks to enable efficient data movement in future compute systems.
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 23 investments in Sweden Impact 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, Venture - Series Unknown
  • Geography: Sweden, United States, Ukraine

Investor stats

  • Total investments: 339
  • Round size: Seed $230k–$2.3M; Venture - Series Unknown $561k–$5M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Brighteco — Brighteco is an innovative and value-driven Born Circular startup that offers Light as a Service. All Brighteco hardware are build modular and circular from e.g reused computer screens.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 10 investments in Sweden Impact 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, Food and Beverage, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 108
  • Round size: Seed $700k–$14M; Series A $4.2M–$56M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
  • Verse — Define & achieve your financial and emissions reduction goals with Aria, a software platform that helps companies buy and manage clean power.
  • Endra — Endra is a purpose-built platform for modern MEP engineering. Generate 3D models and drawings, sync with Revit and enjoy coordinated design workflows.
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Antler
VC Fund · Singapore, Central Region, Singapore · 8 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 2216
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$645k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • Praktiki — Praktiki is building the "Decision Layer" for medicine.While medical knowledge doubles every 73 days, frontline clinicians struggle to translate guidelines into practice. Current AI search tools excel at surfacing public data from clinical trials, but fail to capture "how" experts apply that evidence in real-world scenarios.Praktiki fills this gap. We utilise an AI Agentic Creator Engine to capture tacit specialist reasoning and fuse it with public evidence. This feeds a proprietary Expert Knowledge Graph that powers: 1) Microlearning: Case-based modules created 10x faster and which are 170% more effective than traditional education 2) AI Expert Guidance: Real-time decision support synthesising evidence with expert implementation strategies.2025 Traction - our MVP proved that solving the expertise gap drives high engagement: - Registered >10% of UK GPs - 60,000+ modules completed with an 85% completion rate - 51% month-over-month growth - Market-leading NPS of 83We are building a compounding data moat to expand beyond education into clinical intelligence and healthcare data solutions.
  • Mast — Mast is the cloud-native, fully configurable loan origination platform empowering lenders to process applications faster and smarter. We make lending better, smoother and faster.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 7 investments in Sweden Impact startups

We help great minds unleash their full potential!

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $854k–$3.7M; Pre-Seed $826k–$8.2M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Tavion — Critical energy storage infrastructure for a sustainable future.
  • Cetasol — Cetasol provides maritime monitoring and analytics software for commercial vessel fleets. Reduce fuel costs, optimize performance, and support regulatory compliance and emissions reporting.
  • Helios Innovations — Helios Innovations offers modular evaporation that treats industrial process water on-site. Pay per cubic meter treated. No investment, no complexity.
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Course Corrected
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Impact startups

An early-stage venture capital fund backing climate tech companies with potential to become the leading businesses of tomorrow. Representing potentially one of the greatest investment opportunities of our lifetime - we invest in visionary entrepreneurs disrupting traditional industries and delivering exceptional growth as the world transitions to alow-carbon economy. Together with the most visionary and passionate entrepreneurs, Course Corrected wants to be part of solving one of our planet's most pressing challenges – battling climate change.

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Investment focus

  • Industry: Energy, Renewable Energy, Manufacturing
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Sweden, United States, Finland

Investor stats

  • Total investments: 28
  • Round size: Seed $705k–$9.1M; Pre-Seed $531k–$8.2M; Venture - Series Unknown $6.4M–$31M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Tavion — Critical energy storage infrastructure for a sustainable future.
  • Renasens AB — Waterless textile recycling that keeps fiber quality intact. Transform textile waste into clean, recycled fibers at scale with our proprietary process.
  • Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Impact 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: Biotechnology, Software, Information Technology
  • Stage:Series A, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 197
  • Round size: Seed $1.2M–$6.2M; Series A $3.3M–$21M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Yangi — Yangi is a provider of environmentally friendly packaging solutions.
  • Fyndiq — Fyndiq is an e-commerce platform through which we offer a range of products for bargain hungry shoppers. We provide a sales channel for all types of e-tailers who want to boost their sales in an accessible way. Through Fyndiq individual retailers can effect fully sell of its overstock, while consumers have a one stop shop for bargain productsonline. Fyndiq offers more then 220 000 products to consumers from over 1 100 merchants in Sweden. Fyndiq was founded in Stockholm in August 2009 and launched its platform in august 2010. Since then we have been growing rapidly both in terms of turnover and employees. In 2012 our sales was 56 million SEK, a number we doubled in 2013 to sales of almost 124million SEK. In November 2014 Fyndiq raises $20M to take the platform internationally. The funding is notable in that it was led by one of the more prominent VCs based in the Nordics, Northzone, which was an early investor in Spotify. The other investor in this round, Industrifonden, is a VC backed by the Swedish government that invests in startups from the country to help scale them internationally. Currently we are 75 dedicated and motivated team members who make it all happen.
  • Avtal24 — Avtal24 offers in an easily accessible manner agreements for both private individuals and companies. They believe in making the law available to everyone and they want everyone to have access to legal security. With us, you write agreements online or together with a lawyer by phone. Always at a fixed price. With high legal expertise, innovativetechnology and great focus on customer benefit and offer the market's most accessible legal services.Avtal24 was founded in 2004 and is headquartered in Stockholm, Sweden.
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Almi Invest GreenTech
VC Fund · 5 investments in Sweden Impact startups

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

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Investment focus

  • Industry: Energy, Chemical, Manufacturing
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Sweden, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $500k–$4.5M; Series A $2.2M–$12M; Venture - Series Unknown $1.3M–$11M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Yangi — Yangi is a provider of environmentally friendly packaging solutions.
  • Rivus Batteries — Rivus is a start-up that serves as the commercialization platform for the aqueous organic flow battery technology.
  • Digiclean Solutions — AI-powered process chemical control that gives you lower costs, higher efficiency, and a radically smaller footprint.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 5 investments in Sweden Impact startups, 17 in the past 12 months

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

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Investment focus

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

Investor stats

  • Total investments: 124
  • Round size: Seed $1.5M–$9.4M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2021

Portfolio highlights

  • Visoid — Render your 3D models with ease! Quick and easy rendering software for architects, powered by AI. Try Visoid for free!
  • Verda (formerly DataCrunch) — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
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Midroc New Technology
VC Fund · Solna, Stockholms Lan, Sweden · 5 investments in Sweden Impact startups

The area of New Technologies is highly interesting to us.The companies in this area are often relatively small and new. Midroc has an understanding for entrepreneurism and innovations and can give significant support to innovative companies.We contribute to the process of building profitable companies, and possibly market leadingcorporations, out of innovative ideas. It is an interesting business with a useful function as commercial development of new technology in most cases requires financing and support from a venture capitalist.The potential for global and innovative technologies regarding alternative fuels, energy, environmental technology and a greener future is really without limitations or boundaries.The goal for Midroc New Technology is to go for inventions that gives a good return and at the same time also provides useful global and environmental benefits.

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Investment focus

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

Investor stats

  • Total investments: 13
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Kärnfull — The Nordic region's very first 100% nuclear electricity provider. An ecorational tech-enabler raising funds to science and R&D in next-gen nuclear via every delivered kilowatt-hour. Currently active in Sweden and Denmark, with Midroc New Technology as minority owners. Driven by a rapid organic growth, supplying thousands of householdsand SMEs with the cleanest energy available (Swedish nuclear, 2,5g CO2/kWh) by means of a fully digital service and Guarantees of Origin (GOOs). Supported by pro-bono advisors José Gonzalez (artist), Caroline Cochran (Oklo), Steven Pinker (Harvard), Christian Ekberg (Chalmers), Kirsty Gogan (TerraPraxis), Eric Ingersoll (LucidCatalyst), Johan Carlsson (producer), Klara Insulander Björk (Chalmers).
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
  • Reliefed Technologies — Reliefed offers non-metallic flow plates as an affordable and sustainable alternative for heat exchangers, fuel cells, electrolysers, cold plates, etc.
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Access 48,091 investors

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

Browse database — It's Free!
Kinnevik
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Impact startups

Kinnevik is an industry-focused investment company with an entrepreneurial spirit. Its purpose is to build digital consumer businesses that provide more and better choices. The company does this by working in partnership with talented founders and management teams to create, invest in, and lead fast-growing businesses in developed and emergingmarkets.Kinnevik believes in delivering both shareholder and social value by building well-governed companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor, and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large-cap companies under the ticker codes KINV A and KINV B.

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Investment focus

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

Investor stats

  • Total investments: 173
  • Round size: Series A $2M–$91M; Series B $23M–$120M; Series C $40M–$200M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Zalando — Zalando is a European online fashion platform- offering a broad assortment of fashion for men, women and children. It carries over 1.500 brands and over 150.000 product choices for over 17 million customers in 15 countries. By constantly optimising its processes and platform offerings, using its e-commerce expertise and lots of can-do spirit,Zalando have become Europe's leading online fashion retailer in only a few years. Its goal is to create the world’s best online fashion experience. The cores of its business are what the company focuses on, always striving to be cutting-edge in fashion, technology, marketing, and logistics. Zalando SE in Berlin is the group’s centrepiece which focuses on the development of its core product: the online shopping experience. Zalando SE operates the international business and takes care of their business development. Zalando SE comprises functions like the management, marketing, administration, and technology.
  • Oda — Oda is an online grocery retailer that provides door-to-door delivery services. It offers a huge range of fresh produce groceries to millions of doorsteps. Using the data-driven methodology, with a focus on sustainability all the way along the chain, the company aims to build an efficient retail system in the world. The company was founded in2013 and is headquartered in Oslo, Norway.
  • Global Fashion Group — Global Fashion Group (GFG) is the leading fashion and lifestyle destination in LATAM, SEA & ANZ.
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Nordic Alpha Partners
VC Fund · Hellerup, Hovedstaden, Denmark · 4 investments in Sweden Impact startups

Targeting critical European re-industrialisation technology across pioneering hardware sectors with capital efficient growth investments.

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Investment focus

  • Industry: Energy, Energy Storage, Manufacturing
  • Stage:Seed, Series A
  • Geography: Denmark, Germany, Sweden

Investor stats

  • Total investments: 27
  • Round size: Seed $3M–$8.7M; Series A $15M–$15M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2017

Portfolio highlights

  • Re-Match — Developer of a recycling technology intended to separate synthetic turf into raw components. The company's technology is based upon a mechanical separation which can recycle the entire turf system while avoiding waste products, enabling organizations to dispose of the old turf in an environmentally friendly way and save money at the same time.
  • Green Hydrogen Systems — GreenHydrogen believes that electrolysers have a great potential to become a core technology in green and renewable energy.
  • Hybrid Greentech — Hybrid Greentech offers end-to-end profitable solutions for BESS projects, from detailed business case and sizing analysis to project development services, EPC management, and operations and optimization for multi-market revenue stacking.
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CommerzVentures
VC Fund · Frankfurt, Hessen, Germany · 4 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 71
  • Round size: Series A $7.3M–$30M; Series B $14M–$50M; Series C $13M–$103M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $351M in 2022

Portfolio highlights

  • Instanda — Instanda is a provider of a no-code core insurance platform that allows insurance companies to build, configure, and launch products online. The company's platform digitizes the complex insurance value chain with its core digital PAS and an interface that allows business users to innovate, manage, and distribute insurance products.Founded in2012, Instanda is headquartered in London, England.
  • Concirrus — Data and analytics platform for commercial insurance. Transforming the commercial insurance market with real-time data and analytics.
  • Gradient Labs — Gradient Labs builds AI agents for financial services. Automate disputes, KYC, lending, customer support, and the back-office work in between. Book a demo.
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General Catalyst
VC Fund · Cambridge, Massachusetts, United States · 4 investments in Sweden Impact startups

Investing in powerful, positive change that endures

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Investment focus

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

Investor stats

  • Total investments: 2051
  • Round size: Seed $2M–$20M; Series A $7M–$75M; Series B $14M–$130M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Datalogix — Datalogix® is the industry-recognized leader at connecting digital media and offline purchasing data. We help more than half of the top 100 consumer marketers increase the effectiveness and measurability of their advertising. DLX Platform®, encompasses over $1 trillion in consumer spending and powers campaigns for more than 75% of online mediacompanies. DLX ROI® is rapidly becoming the industry standard for measuring offline sales lift for digital media. Datalogix also offers predictive analytics for Direct Mail, and integrated media solutions via the DLX Net. Our expertise spans the major consumer segments, including Retail, CPG, Automotive, Telecom, Travel and Financial Services. We are based in Colorado, with offices in New York City, San Francisco, Boston, Chicago, Detroit, and London.
  • Legora — By streamlining and simplifying legal workflows, we empower elite law firms and legal professionals to work more efficiently and effectively. Enabling them to focus on higher-value tasks and deliver exceptional results for their clients.
  • Ramp — Join thousands of forward-thinking businesses using Ramp to control spend, save time, and automate busywork.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Impact 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: 67
  • Round size: Seed $960k–$5.4M; Series A $8.3M–$21M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Ivy Interactive — Frictionless Coding with AI
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Climentum Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 24
  • Round size: Seed $2.1M–$6M; Series A $5M–$16M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $176M in 2022

Portfolio highlights

  • Eqon — Revolutionary heat management with up to 80% lower consumption. EQON provides smart solutions for energy, smart cities, and offshore.
  • One.Five — Grow your strategic edge with AI-generated solutions that deliver the ultimate packaging performance, affordability & sustainability
  • Nature Robots — Nature Robots develops modular autonomy software and hardware for AI-powered, GNSS-independent autonomous farming in complex environments like forests, vineyards, and regenerative farms. Their Lero robots perform tasks such as weeding, seeding, and monitoring with 3D mapping and automatic tool changes. Nature Robots’ solutions enable profitable,sustainable, and bio-intensive agriculture, supporting biodiversity, soil health, and small-scale farming through robust, long-term autonomous navigation and plant monitoring
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Lowercarbon Capital
VC Fund · New York, New York, United States · 4 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 224
  • Round size: Seed $3.8M–$12M; Series A $11M–$50M; Series B $21M–$150M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $350M in 2022

Portfolio highlights

  • Terraton — Terraton is a biochar platform that provides equipment, design, and financing to agribusiness operators.
  • River — Empowering people, improving lives.
  • Antora Energy — Antora converts low-cost, intermittent renewable electricity into a reliable, on-demand source of zero-emissions industrial heat and power.
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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $1.3M–$2.7M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • vyzn — vyzn ist die Entscheidungsebene am Start eines Bauprojekts: datenbasierte Antworten zu Kosten, Emissionen, Energie, Komfort und Sicherheit in Minuten.
  • Acembee — Acembee is an AI-driven platform designed to automate the tracking, data collection, and reporting of LCA A4+A5 (Life Cycle Assessment phases related to construction site energy use and transport) for construction projects. provides solution that consolidates data from the building site into one platform, enabling precise, real-time insights intoenergy consumption, CO₂ emissions, and compliance with legal environmental requirements. Acembee saves significant time, reduces unnecessary energy use by up to 40%, and helps projects stay within allowed CO₂ limits, ultimately making sustainability management on construction sites.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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SamInvest Mitt
VC Fund · Härnösand, Vasternorrlands Lan, Sweden · 3 investments in Sweden Impact startups

Saminvest is a venture capital company that was formed by the Swedish government in 2016. Saminvest actively works to establish new and sustainable venture capital funds and angel investor programmes that expand the venture capital market in Sweden. Through Saminvest's indirect investments and work with investment funds, innovative and fast-growing companies can gain access to more capital and expert advice.

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Investment focus

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

Investor stats

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

Portfolio highlights

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

I am an entrepreneurial and experienced CEO. I have successfully built, launched, and grown multiple new global businesses at companies such as Google (Internet), Modern Times Group (media), and HTC VIVE (VR). Proven ability to successfully create and communicate corporate visions and strategies, hire and motivate top talent, and lead global sales,marketing, and product teams.Board member of companies such as Cision (software), Scandic Hotels (hotels), and Raymond (solar). Trusted advisor to large firms such as Ericsson and EQT, and cutting-edge startups like Einride (electric trucks), Jetson (flying cars), and Elonroad (electric roads).World class keynote speaker at international conferences such as MWC, GDC, IBC, CES, and invited speaker at Harvard, Stanford, and MIT. I am a future astronaut with Virgin Galactic, and the founder of WIT Global Women In Tech network and events.

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Investment focus

  • Industry: Software, Virtual Reality, Mobile Apps
  • Stage:Seed, Angel, Series A
  • Geography: Sweden, United States, Czech Republic

Investor stats

  • Total investments: 15
  • Round size: Seed $150k–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mimerse — A virtual reality platform for evidence based apps that can improve, manage and treat the minds of millions.
  • GoodTrust — GoodTrust offers a will-based or trust-based estate plan that includes all the important directives your family needs for one affordable price. Easy, secure, done.
  • Jetson Aero — Your personal aircraft in aluminium and carbon fibre, powered with eight powerful electric motors.
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Visive Capital
VC Fund · 3 investments in Sweden Impact startups

Visive Capital is a venture capital investment firm.

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Investment focus

  • Industry: Environmental Engineering, Finance, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Earthbanc — The world's most advanced data driven carbon and finance marketplace. Venture backed by the European Space Agency incubator.
  • Measure & Change — Measure & Change has developed an automatic climate calculation service that collects data from the customer's business system, analyzes it, and calculates the organization's climate impact in real time.
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Headline
VC Fund · San Francisco, California, United States · 3 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 501
  • Round size: Seed $1.1M–$12M; Series A $4.4M–$30M; Series B $7.7M–$87M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Cameo — Cameo is a marketplace where fans can book personalized video shoutouts from their favorite people.Cameo's mission is to create the most personalized and authentic fan experiences in the world. We're a marketplace where users can book personalized video shoutouts from their favorite people. We currently partner with thousands of talentacross all verticals. Cameo’s offices are in 1871 and we are proud to be part of Chicago’s thriving technology and startup community.
  • Getta — We partnered with danisauto.com, to give you the best car buying experience.
  • Fonoa — Manage your sales tax, VAT, and GST obligations seamlessly through our API, globally. For internet businesses around the world, we make taxes simple, automated, borderless, and accessible via our API.
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Brightly Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact startups

Brightly Ventures backs bold founders on a mission to transform industries and change the world for the better. Brightly is an early-stage investor focused on the Nordics. It has a hands-on approach supporting high-potential ideas and bringing them to market. It makes a deep commitment to each investment we make and draw upon its network andcompany-building experience to help boost the journey.

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Investment focus

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

Investor stats

  • Total investments: 31
  • Round size: Seed $1.2M–$4.5M; Series A $3.4M–$16M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Evam — Mission-Critical Mobile Data Solutions: Transforming What First Responders Can DoEvam is a Leading Global Supplier of Mission Critical Mobile Data Solutions Software for Police, Ambulance, Fire & Rescue, and other Public Safety Organizations. Used by 100+ regions and municipalities. Handles hundreds of thousands of life-threatening incidentson a yearly basis.The collection of apps is carefully selected to give blue-light agencies the services that they need including Mobilisation, Mapping, Navigation, Case Management, Situational Awareness and more.
  • Hooked Foods — Hooked Foods is working on a plant-based tuna substitute. By serving delicious plant-based seafood for everyone to enjoy, the company is leading the transition to a healthier seafood ecosystem. The company was established in 2019 and is headquartered in Sweden.
  • Fast Travel Games — Fast Travel Games is a VR exclusive game developer and publisher, founded by industry leading veterans and behind acclaimed titles such as Apex Construct and Wraith: The Oblivion - Afterlife.
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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact 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: 72
  • Round size: Series A $1.2M–$12M; Series B $2.2M–$23M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $300M in 1995

Portfolio highlights

  • Apica — Apica is the agentic-ready telemetry pipeline that cuts observability costs up to 40%. Control your data, eliminate tool sprawl, and scale for AI.
  • 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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Polar Structure
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact startups

Polar Structure is a long-term partner in sustainable infrastructure-related investments in the Nordic region.

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Investment focus

  • Industry: Energy, Manufacturing, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: Sweden, Puerto Rico, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $1.3M–$11M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Taggr AB — Realize latent value in your equipment portfolio using light-touch, low-cost IoT technologies, delivered as-a-Service.
  • CemVision — We are re-inventing cement; Replacing everything that’s bad about it with a product that is economical, environmental friendly and technically superior.
  • ClimateView — ClimateView is a Swedish climate action technology company that helps cities transform climate planning into progress. We combine data, agent-based modelling and interface design to help cities successfully manage the transition to zero carbon economies.
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NordicNinja VC
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 55
  • Round size: Seed $2.3M–$12M; Series A $5M–$30M; Series B $15M–$62M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • Veriff — Highly automated identity verification software from Veriff. We help you build trust and transparency online.
  • Realeyes — VerifEye is Better Than CAPTCHA. Vision AI that verifies age, gender and physical characteristics in milliseconds without collecting or storing sensitive documents.
  • 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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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact 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 $907k–$6.2M; Series A $1.5M–$11M
  • 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 — Structured parking and charging infrastructure for shared micromobility in public space.
  • WeWillWrite — The social writing platform that sparks creativity and ignites the urge to write
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Norrsken Launcher
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact startups

Norrsken Launcher partners with researchers and scientists to scale transformative innovations for a sustainable future.' Launcher provides access to impact capital, top-tier recruitment, and scalable growth infrastructure.

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Investment focus

  • Industry: AgTech, Nuclear, CleanTech
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 7
  • Round size: Seed $3.2M–$12M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Blykalla — Blykalla is developing and building small modular reactors to deliver the next generation of clean energy. We take leading research to industrialization through our Swedish Advanced Lead Reactor (SEALER).
  • Renasens AB — Waterless textile recycling that keeps fiber quality intact. Transform textile waste into clean, recycled fibers at scale with our proprietary process.
  • SeaPattern — SeaPattern enables the unlocking of a large renewable energy source hidden beneath the surface of the ocean.
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Verdane
VC Fund · Oslo, Oslo, Norway · 3 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 146
  • Round size: Private Equity $10M–$100M; Venture - Series Unknown $5.3M–$116M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — raised $8.6M in 2013

Portfolio highlights

  • Animail — Founded in 2007, Animail revolutionized the Nordic e-commerce development of the pet industry. Back in 2007: a challenger and a start up. Today: driving the digital development of the industry as nordic market leader online. Our customers choose between 8000 different products - ranging from pet food to accessories such as toys, treats,supplements, clothing, healthcare, hygiene and more. Our product range covers dogs, cats, small animals, birds, reptiles and fishes. Purchases are made online and goods we ship the good to our consumers - all the way the door step.Since 2011 backed by Verdane Capital
  • JSB Plast — JSB Plast is one of the world’s few – and Europe’s leading supplier of Kits for the wind turbine industry. They customize core materials in foam or balsa, which are used for structural enhancements of rotor blades and nacelles for wind turbines.
  • Lingit — Lingit, which provides literacy support for people with dyslexia. Lingit’s software assists with spelling, vocabulary and reading in text processing programmes for computers and tablets.
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Wellstreet
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact startups

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

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Investment focus

  • Industry: Software, E-Commerce, Retail
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Norway, Finland

Investor stats

  • Total investments: 63
  • Round size: Seed $193k–$1.4M; Pre-Seed $611k–$2.5M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • Deedster — Accelerate your business by connecting and engaging your audience and employees with sustainability data, insights, and actions.
  • Key Ward — Accelerate your engineering projects with data intelligence. Mitigate the risk of late stage failures in your AI adoption journey with our no-code platform.
  • Berget AI — We champion AI sovereignty in Europe to unlock innovation and growth
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Altor
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 62
  • Round size: Series B $68M–$190M; Private Equity $326M–$1.9B; Post-IPO Equity $8.8M–$27M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2019

Portfolio highlights

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

Southbay Evergreen is a investment firm.

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Investment focus

  • Industry: Sustainability, Cycling, Construction
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • RECOMA — RECOMA is a provider of economical and sustainable construction materials. By providing building materials that don't increase greenhouse gas emissions in the construction industry, it promotes sustainable construction.
  • Ekolution — Ekolution is a Sustainability & Cycling company.Ekolution AB offers durable, climate-smart prefabricated panels of the natural material hemp lime (hempcrete). Our building materials are not only carbon neutral, but actually carbon dioxide negative (there is more CO2 bound in the hemp than is emitted.
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Hampus Jakobsson
Angel · Malmö, Skane Lan, Sweden · 3 investments in Sweden Impact 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–$30M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • 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.
  • Mojo — Clinical-grade, AI-powered sperm analysis from the comfort of home. Test your sperm count, motility, morphology and much more with the Mojo kit. Check your fertility from home at low cost - without the need for clinic visits and awkward waiting rooms.
  • Volta Greentech — Discover innovative solutions to reduce agricultural emissions with Volta Greentech's science-driven feed additives, promoting sustainable farming and planetary health.
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Northzone
VC Fund · London, England, United Kingdom · 3 investments in Sweden Impact startups

Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.

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Investment focus

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

Investor stats

  • Total investments: 336
  • Round size: Seed $2.5M–$23M; Series A $4M–$36M; Series B $6.7M–$90M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Sqore — Smart Recruitment - Automate the process between your job ad and the first interview.Increase screening efficiencyEfficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates.Deepen candidate engagementEngage today’s generation of candidates through rewarding experiencesand allow them to get insights into your company before the interview.Lower your hiring costsWe don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.
  • Stream — Stream is a financial services firm that allows employees to stream their earned wages into their accounts through an instant app. The app allows them to have complete control over when they get paid. It also effectively ends the need for employee advances, loans, and employee stress suffered from short-term, unplanned financial obligations. Thecompany aims to play a key role in reducing the poverty premium and preventing employees from entering cycles of debt caused by overdraft fees, high-interest credit, or payday loans.
  • SolveAI
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Sebastian Siemiatkowski
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact startups

Sebastian Siemiatkowski, based out ofStockholm, Stockholms Lan, is the Co-Founder and CEO of Klarna. Sebastian Siemiatkowski attended the Stockholm School of Economics.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Seed, Series A
  • Geography: Sweden, United States, Poland

Investor stats

  • Total investments: 22
  • Round size: Seed $825k–$8M; Series A $10M–$200M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • nexos.ai — Introducing nexos.ai — a powerful model gateway that delivers game-changing AI solutions. With advanced automation and intelligent decision making, nexos.ai helps simplify operations, boost productivity, and accelerate business growth.
  • Talentium — Meet your dream hire today.
  • Lovable — Build apps, websites, and digital products faster using Lovable's AI-powered platform, no deep coding skills required.
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CapitalT
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in Sweden Impact startups

CapitalT is a venture capital fund investing in tech companies in climate tech, future of work, education, and web3/the new social. They help exceptional teams develop groundbreaking ideas to grow better, scale faster, and change across their industries.

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $2.1M–$11M; Pre-Seed $585k–$3.7M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — raised $41M in 2020

Portfolio highlights

  • Wizenoze — At the heart of the WizeNoze platform is a set of powerful classification algorithms. A smart content editor enables writers and publishers to quickly write and rephrase texts for children, assisted by real-time classification suggestions provided by their algorithms. Developers can easily tap into all the platform's features via an API.Combined with a powerful search engine, the Wizenoze platform provides everything you need to create world-class content for children.
  • Xylo — Xylo offers higher quality processes with full officer oversight, reducing planning uncertainty and boosting UK housing delivery.
  • New Dawn Bio — New Dawn Bio is a biotechnology research firm that specializes in wood production.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 3 investments in Sweden Impact startups

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 80
  • Round size: Seed $477k–$3M; Pre-Seed $54k–$1.4M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • Primio — The Fastest Way From Idea to App Store Native iOS and Android. Web included. Ready for app stores in minutes.
  • Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
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H&M Group Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 60
  • Round size: Seed $2M–$8.7M; Series A $1.9M–$45M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • AltMat — AltMat is a textile manufacturing firm that produces clothing materials, including natural fibers and yarns from agricultural wastes.
  • Yaga — Yaga is an online selling and shopping platform for new and preloved fashion. Buy preloved clothing safely or open your own shop and sell. Find unique second hand clothes, earn extra money and help save the Planet.
  • Rubi Laboratories — Rubi Laboratories turns carbon emissions into carbon-negative textiles for the fashion industry, with a proprietary synthetic biology technology.
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Unconventional Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Sweden Impact startups, 8 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, Denmark, United Kingdom

Investor stats

  • Total investments: 19
  • Round size: Seed $1M–$5.2M; Pre-Seed $1.5M–$2.8M; Series A $4.7M–$18M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Visibuilt — Visibuilt develops sustainable, bio-based asphalt binders made from mycelium. Replace fossil bitumen with visiBIT.
  • AIRMO — AIRMO is supporting the direct emitters, decision makers and financial institutions to efficiently transition to Net-0 by monitoring their direct emissions from space. With our roots in innovation and a commitment to environmental responsibility, we aim to revolutionize GHG monitoring through advanced satellite technology, proprietary LiDARinstrument and data analytics. We exist to monitor and manage humanity's impact on Earth.
  • Digiclean Solutions — AI-powered process chemical control that gives you lower costs, higher efficiency, and a radically smaller footprint.
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DHS Venture Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Impact 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, SaaS, Big Data
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 25
  • Round size: Seed $180k–$1.8M; Pre-Seed $400k–$1.5M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Noru — A living record of processing activities that maintains itself by reading your systems, not by asking around.
  • Normain — The Extractional AI Platform
  • Forecasterly — Forecasterly is a SaaS company that provides an AI-powered platform for financial planning and analysis (FP&A).
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BNVT Capital
VC Fund · London, England, United Kingdom · 3 investments in Sweden Impact startups

Multi-stage Investment Fund

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Investment focus

  • Industry: Software, E-Commerce, Construction
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Saudi Arabia, France, Germany

Investor stats

  • Total investments: 18
  • Round size: Seed $4.1M–$8.6M; Pre-Seed $3M–$7.4M; Series A $7.5M–$22M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cognna — Simplify cybersecurity solutions management with COGNNA's comprehensive XDR platform for threat hunting and compromise assessment.
  • Cloover — Cloover provides a flexible financing solution that allows you to rent renewable technologies and make savings from day 1, completely risk and worry free!
  • Dawnguard — AI-native platform for fast cloud design and implementation.
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Wave Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 38
  • Round size: Seed $329k–$2.1M; Pre-Seed $183k–$3.4M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CRACI — CRACI automates the compliance requirements of the EU CRA for product and service companies. The platform secures software supply chains from attacks.
  • CYBRET AI — The New Era of Autonomous Cybersecurity
  • Fika Jobs — Stand out from the crowd. Find your perfect job.
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Filip Larsson
Angel · Malmö, Skane Lan, Sweden · 3 investments in Sweden Impact startups

Filip Larsson is the CEO and Owner at Laris Fastigheter.

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Investment focus

  • Industry: Mobile Apps, Software, Health Care
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Sweden

Investor stats

  • Total investments: 9
  • Round size: Seed $1M–$2M; Pre-Seed $193k–$800k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LivingFilters — We develop AI-designed proteins ("binders") that act as biosensors and filters to capture specific molecules, substances or pathogens in liquids.
  • Brick Technology — Rent-on-the-go with Brick powerbank sharing: convenient on-the-move charging solution! Suitable for all devices.
  • Katam Technologies — Katam Technologies helps forestry companies all over the world optimize operations through digitalization, solid data, and planning. With the aid of digitalization, reliable data, and careful planning, Katam assists forestry companies all over the world in maximizing operations. Small businesses and private forest owners can use the Katam app orKatam portal as standalone products to obtain quick and precise measurements.
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Rampersand
VC Fund · Melbourne, Victoria, Australia · 3 investments in Sweden Impact startups

Rampersand invest in the best Australian technology founders, teams and companies and are committed to helping them become global leaders.

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Investment focus

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

Investor stats

  • Total investments: 64
  • Round size: Seed $1M–$4.6M; Pre-Seed $1.3M–$1.5M; Series A $3.1M–$10M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Cor — Obi by Cor is the leading voice AI agent for customer onboarding and user activation. It uses voice and on-screen awareness to guide users, share best practices, and answer questions in real time.
  • Cuttable — The AI ad creative production system for high-growth DTC brands. Scale Meta ad volume and variation without scaling headcount. Built for performance teams.
  • Parachute — Leverage for lean, ambitious law firms. AI-powered drafting, review and verification that gets you back to practicing law
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SoftBank
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Sweden Impact startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series B, Series C
  • Geography: United States, Brazil, Japan

Investor stats

  • Total investments: 253
  • Lead/follow: no public data

Portfolio highlights

  • ASAAS — Asaas helps individuals and companies automate financial processes and improve their relationship with customers. It brings in a single place, sending invoices, automation of communication through different channels, and receivable management. It’s possible to receive payments through bank payment slip, credit, and debit, send transfers, pay bills,anticipate receivables and NFS-e. It’s also connected to a credit card to withdraw from ATMs. Much more than a bank account, it drastically reduces manual work in administrative tasks and reduces the default rate, improving the customer’s cash flow.
  • OpenAI — Introducing Sora: Creating video from text
  • Blip — Digital communication solutions from Take Blip provide smarter contacts with your customers. See what the chatbots can do!
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Sweden Impact 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: 176
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Leetify — We help gamers identify their weaknesses, work on those weaknesses and track their progression.
  • UpCloud — World's fastest cloud servers with a 100% uptime SLA! Sign up for a free trial today.
  • 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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Ålandsbanken
VC Fund · Mariehamn, Aland, Finland · 2 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

We are:Industry 4.0 seed fund. Typically, we invest around EUR 250K. If necessary, we are able to bring top-tier co-investors to the table if a bigger ticket is needed.Founder-centric. Few VC's understand that founders are the ones that run the companies. We are there to help, not to replace.Heavily networked. With contacts across theglobe, we are the bridge between great companies from the CEE and bigger funds and clients from rest of the world.Focused on CEE. In the upcoming years we will invest in around 40 companies in Central and Eastern Europe, with Poland being the main site of our investments.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, Sweden

Investor stats

  • Total investments: 42
  • Round size: Seed $274k–$2.1M; Pre-Seed $124k–$534k
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Fizen.com — Fizen is your all-in-one financial solution, designed to seamlessly fuse traditional systems with the pioneering world of digital finance. Whether it's processing transactions through our robust payment gateway, delving into banking history for enriched financial data, offering white-label mobile wallet solutions, or integrating digital currencies including crypto and stablecoins,
  • ProperGate — Smart delivery management system providing real-time information and control of materials on complex construction sites.
  • SmartyMeet — We are Leveraging the power of AI to enhance meetings We will create automatic notes during a meeting and real-time language translation | SmartyMeet
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Wiklöf Holding
VC Fund · Mariehamn, Aland, Finland · 2 investments in Sweden Impact startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Doconomy — Doconomy is a Sweden-based fintech company that offers digital banking services. Their vision is of enabling a sustainable lifestyle for everyone. Doconomy wants to inspire change in behaviour and reduce unsustainable consumption and carbon emissions. Doconomy activates a circular ecosystem, connecting the consumer, the producer, the retailer andinfluencer to futureproof planet earth, and achieve a sustainable lifestyle for all.
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Impact Investor funding in Sweden at a glance

Stats across 504 deals from 648 investors.

648
investors
in Sweden Impact startups
504
deals
in Sweden Impact startups
$2.4M
median round
in Sweden Impact startups
37%
lead investors
lead at least one round
19%
Seed
most common funding stage
79/21
VC / Angel
share of investor count

Access all 648 investors in Sweden Impact startups.

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