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Top 10 Infrastructure VC Funds & Investors in Sweden (July 2026)

The most active venture capital funds investing in Sweden Infrastructure startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Infrastructure startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
FINCA Ventures
VC Fund
2 Kenya, Nigeria, Mexico Grant, Seed, Series A Financial Services, Agriculture, AgTech $40k–$4.2M
Norrsken VC
VC Fund
2 Sweden, United Kingdom, Germany Seed, Series A Software, Health Care, Food and Beverage $1.1M–$56M
Hack VC
VC Fund
1 United States, Singapore, Canada Seed, Series A, Pre-Seed Blockchain, Software, Cryptocurrency $1M–$42M
BlueYard Capital
VC Fund
1 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Software, Biotechnology, Internet $200k–$47M
Maniv Mobility
VC Fund
1 United States, Israel, India Series A, Seed, Series B Automotive, Autonomous Vehicles, Software $2M–$126M
Walking Ventures
VC Fund
1 United Kingdom, United States, Sweden Seed, Series A, Angel Software, Health Care, Internet $170k–$13M
Mercy Corps Ventures
VC Fund
1 Kenya, United States, Nigeria Seed, Pre-Seed, Series A Financial Services, FinTech, Agriculture $100k–$35M
The Index Project
VC Fund
1 United States, Denmark, Chile Seed, Series A, Series B Chemical, Artificial Intelligence, SaaS $1.1M–$3M
Wellstreet
VC Fund
1 Sweden, Norway, Finland Seed, Pre-Seed Software, E-Commerce, Retail $193k–$2.5M
Luminar Ventures
VC Fund
1 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
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Investor list

FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Sweden Infrastructure startups, 7 in the past 12 months

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

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Investment focus

  • Industry: Financial Services, Agriculture, AgTech
  • Stage:Grant, Seed, Series A
  • Geography: Kenya, Nigeria, Mexico

Investor stats

  • Total investments: 27
  • Round size: Seed $1.1M–$4M; Grant $40k–$100k; Series A $1.1M–$4.2M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Cladfy — Cladfy is a data analytics company that creates tools to assist lenders, merchants, and individuals in making informed loan, savings, and expenditure decisions.
  • Karpolax — Karpolax provides preservation technologies for agricultural companies that enable them to enhance the shelf life of fruits and vegetables.
  • Affinity — Join over 125,000 who trust the Affinity mobile app to manage their banking needs, from savings to payments, as well as instant loans
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Infrastructure 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: 105
  • Round size: Seed $1.1M–$14M; Series A $4.2M–$56M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • CEEZER — CEEZER is the digital infrastructure to give companies access to the complex voluntary carbon market. Deliver true climate impact now!
  • Endra
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Hack VC
VC Fund · San Francisco, California, United States · 1 investments in Sweden Infrastructure startups

Hack VC is a web3 venture capital firm.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 249
  • Round size: Seed $2M–$15M; Pre-Seed $1M–$10M; Series A $6.5M–$42M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $150M in 2024

Portfolio highlights

  • Gondi — Gondi is a non-custodial decentralized NFT lending protocol designed to build the most effective NFT credit market. The protocol allows for ongoing underwriting and full and partial refinancing of all outstanding loans, resulting in a more dynamic and liquid market.
  • Mudafy — Mudafy is a tech-enabled real estate broker for LatAm.
  • Hyperlane — Hyperlane is the platform for developers building the interchain universe
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BlueYard Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Sweden Infrastructure startups

BlueYard backs founders building the interconnected elements that can become the fabric of our future.

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Investment focus

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

Investor stats

  • Total investments: 109
  • Round size: Seed $1.2M–$14M; Pre-Seed $200k–$5.4M; Series A $7M–$47M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $185M in 2022

Portfolio highlights

  • ETHGas — ETHGas aims to redefine how users engage with Ethereum by providing low-latency, 3ms settlement times, and real-time trading, as well as a comprehensive product suite for exact order execution.
  • Cryptio — We offer enterprise-grade accounting, reporting, and audit software for your digital assets.
  • Rapidata — Fast and reliable data labeling that powers your AI. Define your label needs now and get the results in minutes.
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Maniv Mobility
VC Fund · Tel Aviv, Tel Aviv, Israel · 1 investments in Sweden Infrastructure startups

Maniv Mobility is a global venture capital fund investing in the world's leading mobility start-ups.

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Investment focus

  • Industry: Automotive, Autonomous Vehicles, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, Israel, India

Investor stats

  • Total investments: 91
  • Round size: Seed $2M–$7.7M; Series A $4.7M–$23M; Series B $18M–$126M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $140M in 2023

Portfolio highlights

  • Blissway — BLISSWAY provides next-generation roadside tolling infrastructure deployable in weeks and at zero upfront cost to agencies.
  • FENIX — Fenix is a UAE-based free floating micromobility operator anchored in the GCC region.
  • Revel — Electrifying cities through charging hubs, all electric rideshare, mopeds and eBikes.
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Walking Ventures
VC Fund · London, England, United Kingdom · 1 investments in Sweden Infrastructure startups

Walking Ventures is a seed fund which invests in early-stage Internet and other technology startups based in Europe. The fund is a private vehicle controlled by Tim Jackson, a leading figure in the European technology scene as a venture capitalist, entrepreneur, angel investor, commentator and technology journalist.

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Investment focus

  • Industry: Software, Health Care, Internet
  • Stage:Seed, Series A, Angel
  • Geography: United Kingdom, United States, Sweden

Investor stats

  • Total investments: 27
  • Round size: Seed $170k–$2.2M; Angel $273k–$917k; Series A $1.2M–$13M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Oviva — Oviva is digitizing the treatment of type 2 diabetes and obesity through a unique behavior change platform.They have developed unique, personalised behaviour change programmes that combine smartphone app and learning portals to support dietitian-led behaviour change for conditions such as type 2 diabetes and complex obesity. Their approach allowspatients to achieve a better health outcome without having to attend clinic appointments, whilst saving health systems significant sums by preventing the development of complications related to these health conditions.Oviva was founded in 2013 and is based in London, England.
  • Tessian — Tessian enterprise email security protects employees from themselves. DLP and spear phishing protection. Automatically detect email threats.
  • Articheck — We offer easy to use condition reports and complete visibility of art in-situ, transit and storage - avoid disputes, reduce liability, and protect artwork.
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Mercy Corps Ventures
VC Fund · Portland, Oregon, United States · 1 investments in Sweden Infrastructure startups

Mercy Corps Ventures invests in and catalyzes venture-led solutions to increase the resilience of underserved individuals and communities. Founded in 2015 as the impact investing arm of global development agency, Mercy Corps, supports over 57 early-stage ventures to scale and raise over $515 million in follow-on capital. Their portfolio centersaround resilience-building solutions in adaptive agriculture and food systems, inclusive climate fintech, and climate-smart technologies so that those living in frontier markets can withstand disruption and plan for the future. Through capital and support, piloting new approaches, action-oriented insights, and rigorously managing impact, they catalyze the ecosystem toward smarter, more impactful investments.

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Investment focus

  • Industry: Financial Services, FinTech, Agriculture
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Kenya, United States, Nigeria

Investor stats

  • Total investments: 70
  • Round size: Seed $330k–$5.3M; Pre-Seed $100k–$7M; Series A $2.5M–$35M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Turaco — Turaco develops simplified insurance and credit solutions through mobile technology to solve the healthcare financing needs. Turaco has simplified insurance products and also provides on-demand health loans, allowing customers to get healthcare at affordable monthly premiums.
  • Meridia — De-risk the sourcing, procurement, trading & compliance of commodities under the EUDR.
  • PowerLabs — PowerLabs is an energy and climate technology research and implementation company whose goal is to use intelligent energy to build a world where human output is boundless.
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The Index Project
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Sweden Infrastructure startups

Design to improve life is about solving real problems, small and large, simple and complex, systemic and emerging and is a life-long pursuit. The Index Project is a call to action. Are you in?

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Investment focus

  • Industry: Chemical, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Chile

Investor stats

  • Total investments: 9
  • Round size: Seed $1.5M–$2M; Series A $1.1M–$3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Agribuddy — Management of agricultural support application "AGRIBUDDY".
  • CanopyLAB — CanopyLAB is an educational technology company located in Hvidovre, Greater Copenhagen, Denmark. We have built an AI-powered social learning platform for corporate training. Through personalization our platform enables all learners to realize their potential in a way that is fast, fun and future-proof. We call it "The Future of Learning-Delivered Today".We work on two verticals:1. The Canopy A social learning platform powered by AI A research-based social learning platform for developing competencies through individualized and adaptive learning experiences. It is designed with an integrated social network structure to enhance collaborative learning and built on strong Nordic learning principles.2. The LAB A learning community with provocative content Join our global learning community for youth. Take free courses, exchange ideas, gain new knowledge and practice competencies offered by 100 + pioneering NGOs in controversial and often neglected topics such as sexuality, sexual & reproductive rights, climate action, health, and the SDGs.CanopyLAB acquired Peruvian publishing startup Yopublico in April 2020.
  • Destácame — Destacame is the first behavior-based credit score in Latin America.
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Wellstreet
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Infrastructure 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: 62
  • 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

  • Y/ELM+ — Y/ELM+ is a horseback riding safety and protection brand that focuses n creating leading-edge rider safety solutions.
  • Key Ward — Accelerate your engineering projects with data intelligence. Mitigate the risk of late stage failures in your AI adoption journey with our no-code platform.
  • Berget AI — Berget AI is an AI platform that focuses on inference and agentic infrastructure, enabling businesses to deploy and expand open-source LLMs.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Infrastructure 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

  • FirstQFM — FirstQFM offers patent-pending AI foundation models for quantum computing.
  • Insurely — Insurely is the leading open insurance platform. A platform that enables experiences that improve conversion and increase customer loyalty.
  • 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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Infrastructure VC funding in Sweden at a glance

Stats across 17 deals from 29 investors.

29
investors
in Sweden Infrastructure startups
17
deals
in Sweden Infrastructure startups
$2.9M
median round
in Sweden Infrastructure startups
41%
lead investors
lead at least one round
18%
Post-IPO Debt
most common funding stage

Access all 29 VC funds in Sweden Infrastructure startups.

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