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Top 50 Machine Learning VC Funds & Investors in Sweden (November 2026)

The most active venture capital funds investing in Sweden Machine Learning startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Machine Learning startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Almi Invest
VC Fund
12 Sweden, Norway, United States Venture - Series Unknown, Seed Software, Health Care, Manufacturing $226k–$3.5M
Antler
VC Fund
11 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Chalmers Ventures AB
VC Fund
10 Sweden, United States Pre-Seed, Seed, Venture - Series Unknown Software, Biotechnology, Information Technology $5.8k–$3.5M
EQT Ventures
VC Fund
9 Sweden, Germany, United States Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $2.5M–$100M
Creandum
VC Fund
5 Sweden, United States, Germany Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $1.8M–$80M
J12
VC Fund
5 Sweden, Norway, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$30M
KTH Holding
VC Fund
5 Sweden, Germany, United Kingdom Venture - Series Unknown, Pre-Seed, Seed Software, Information Technology, Health Care $23k–$5.5M
Stena Sessan
VC Fund
4 Sweden Series C, Series A Software, Analytics, SaaS $24M–$160M
Neudi & Co
VC Fund
4 Sweden, The Netherlands Seed, Series A, Series B Software, Analytics, Machine Learning $1.4M–$24M
Propel Capital
VC Fund
3 Sweden, United States, Norway Convertible Note, Pre-Seed, Seed Software, E-Commerce, Health Care $24k–$615k
Reddere Invest
VC Fund
3 Sweden Seed Internet, Software, Search Engine
Subvenio Invest
VC Fund
3 Sweden Seed, Venture - Series Unknown Software, Information Technology, CMS $1.2M–$4.2M
Paxx Media
VC Fund
3 Sweden Seed, Angel Internet, Software, Search Engine
LocalGlobe
VC Fund
3 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$30M
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $907k–$11M
Yanno Capital
VC Fund
3 Sweden Seed, Series A Apps, Big Data, Internet
Wellstreet
VC Fund
3 Sweden, Norway, Finland Venture - Series Unknown, Seed Software, E-Commerce, Retail $216k–$5M
DHS Venture Partners
VC Fund
2 Sweden Pre-Seed, Seed Software, SaaS, Big Data $180k–$1.8M
Qualgro VC
VC Fund
2 Singapore, Australia, India Series A, Series B, Seed SaaS, Software, Artificial Intelligence $1.1M–$25M
Blue Tiger Investments
VC Fund
2 Sweden Angel Software, Procurement, Machine Learning $293k–$383k
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed, Venture - Series Unknown Software, Health Care, Information Technology $110k–$6M
NordicNinja VC
VC Fund
2 Sweden, Finland, Estonia Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.9M–$62M
Heartcore Capital
VC Fund
2 United States, Denmark, Germany Seed, Series A, Series B Software, Artificial Intelligence, E-Commerce $1.3M–$58M
FAM AB
VC Fund
2 Sweden, Austria, United States Venture - Series Unknown, Series A, Series B Software, Manufacturing, Energy $3M–$190M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $549k–$25M
Aligned Ventures
VC Fund
2 Sweden, Germany Seed, Angel Software, Pet, Apps $1.2M–$3.8M
Lakestar
VC Fund
2 United Kingdom, Germany, United States Seed, Series A, Series B Software, Artificial Intelligence, Financial Services $2.2M–$91M
APX
VC Fund
2 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Information Technology $55k–$15M
Fairpoint Capital
VC Fund
2 Sweden, Norway, Denmark Series A, Venture - Series Unknown, Seed Software, Information Technology, SaaS $1.4M–$16M
Neptunia Invest
VC Fund
2 Sweden, United Kingdom Seed, Series A Banking, Cycling, Software $3.9M–$21M
Philian Invest
VC Fund
2 Sweden, Denmark, South Korea Series A, Venture - Series Unknown Retail, Insurance, Renewable Energy $3M–$116M
CapitalT
VC Fund
2 The Netherlands, United Kingdom, Sweden Pre-Seed, Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $585k–$11M
henQ
VC Fund
2 The Netherlands, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$33M
TrueSight Ventures
VC Fund
2 United Kingdom, Sweden, United States Seed, Pre-Seed, Series A Artificial Intelligence, Software, FinTech $530k–$15M
Industrifonden
VC Fund
2 Sweden, United States, Denmark Series A, Venture - Series Unknown Biotechnology, Software, Information Technology $1.6M–$21M
Metaplanet
VC Fund
2 United States, United Kingdom, Estonia Seed, Series A, Series B Artificial Intelligence, Software, Machine Learning $1.7M–$62M
Bonnier
VC Fund
2 Sweden, Ireland Venture - Series Unknown, Seed, Corporate Round Internet, Fitness, Software
BackingMinds
VC Fund
1 Sweden, Denmark, Finland Seed, Pre-Seed Medical Device, SaaS, Information Technology
Luminar Ventures
VC Fund
1 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS
Cloud Capital
VC Fund
1 Sweden, India, Singapore Pre-Seed, Seed SaaS, Gaming, FinTech
Angular Ventures
VC Fund
1 Israel, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Machine Learning
Euclidean Capital
VC Fund
1 United States, India, Sweden Series B, Series A, Series C Biotechnology, Health Care, Medical $21M–$185M
Next Human Ventures
VC Fund
1 Sweden Seed Software, Analytics, Power Grid
Frontline Ventures
VC Fund
1 United States, United Kingdom, Ireland Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $405k–$17M
Peak
VC Fund
1 The Netherlands, Germany, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $570k–$17M
Gorilla Capital
VC Fund
1 Finland, Sweden, Estonia Pre-Seed, Seed, Venture - Series Unknown Software, Information Technology, SaaS $149k–$2.1M
Sting Capital
VC Fund
1 Sweden Seed, Pre-Seed Software, Apps, Medical $216k–$776k
Circus Future
VC Fund
1 Sweden Seed, Venture - Series Unknown Software, SaaS, Health Care
ECSEL
VC Fund
1 Sweden Sensor, Internet, Machine Learning
VNV Global
VC Fund
1 United Kingdom, Sweden, Russian Federation Series B, Series A Health Care, E-Commerce, Marketplace $1M–$85M
Access all 146 VC funds in Sweden Machine Learning startups.

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Investor list

Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 12 investments in Sweden Machine Learning 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, Manufacturing
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 600
  • Round size: Seed $226k–$2.2M; Venture - Series Unknown $338k–$3.5M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $64M in 2024

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
  • Xaga Surgical — Xaga Surgical aims to minimize the risk of infections by inventing safer medical needles.
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Antler
VC Fund · Singapore, Central Region, Singapore · 11 investments in Sweden Machine Learning 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: United States, Singapore, Australia

Investor stats

  • Total investments: 2394
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$611k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is the AI platform for medical education: expert-led, case-based 5-minute modules HCPs love, built in hours and measured for behaviour change.
  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Plouton AI —
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Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 10 investments in Sweden Machine Learning 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, Venture - Series Unknown
  • Geography: Sweden, United States

Investor stats

  • Total investments: 283
  • Round size: Seed $237k–$2.5M; Pre-Seed $5.8k–$349k; Venture - Series Unknown $357k–$3.5M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Solinide Photonics — Solinide Photonics is a technological company spun out of Chalmers University of Technology. It develops ultra-efficient silicon nitride-based photonic circuits and microcomb technologies.
  • InfiniNode Technologies AB — InfiniNode is a semiconductor IP company that seeks to enable efficient data movement in future compute systems.
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EQT Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 9 investments in Sweden Machine Learning startups, 14 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 304
  • Round size: Seed $2.5M–$14M; Series A $6M–$44M; Series B $15M–$100M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Biolevate — Elevate human : Accelerating life sciences, empowering people
  • Nevis — AI that helps financial advisors grow and spend more time with clients
  • Flow Engineering — Flow is the agentic systems engineering platform for the companies building the physical world. Next-gen hardware teams use Flow as their default platform to design, build, and iterate on hardware faster without sacrificing engineering rigor. Today, thousands of engineers at companies including Rivian, Stoke Space, Joby, Astranis, and Radiant are building on Flow. Flow gives these teams a living system of record that connects requirements, CAD, simulation, code, and test. On top of this system of record, Flow's agents continuously analyze engineering changes, identify downstream impact, and verify requirements and test coverage — so work stays aligned across the tools engineers already use.
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 334
  • Round size: Seed $1.8M–$19M; Series A $5.2M–$31M; Series B $10M–$80M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $545M in 2024

Portfolio highlights

  • Atlas Bio — Atlas Bio is a biotechnology company that develops a predictive foundation AI model of human biology.
  • MACHENTA — Machenta develops artificial intelligence and robotics software focused on instant learning for robots. The company builds systems that enable robotic platforms to learn manipulation and control tasks rapidly, reducing the need for extensive manual programming or long training cycles. Its software is used to help automated machines adapt to diverse environments and handle complex physical interaction workflows. Machenta operates in robotics and AI software as well as broader information technology services and experimental research on natural sciences and engineering. Its work targets organizations that deploy or develop robotic systems and require advanced learning capabilities integrated into their hardware and infrastructure.
  • Ares Intelligence — Ares Intelligence conducts automated internal interviews across a company's workforce to analyze operational inefficiencies and identify where the business can integrate artificial intelligence effectively.
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Machine Learning startups, 6 in the past 12 months

J12 is a thesis-driven venture capital firm partnering early with technical founders across Europe to build category-defining data and AI companies across infrastructure, tooling, and domain-specific applications

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Investment focus

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

Investor stats

  • Total investments: 64
  • Round size: Seed $1.1M–$8M; Pre-Seed $974k–$4.1M; Series A $7M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Camphouse — Camphouse unifies media planning, budgets, activation and reporting in one platform, so advertisers and agencies plan with clarity and control.
  • Volve — AI for construction tendering: contract review, quantity take-off, scope review, bid development and offer comparison. Every finding traced to source.
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Machine Learning startups

KTH Holding is a state-owned limited company managed by KTH's University Board. It invests in promising startup companies that are based on research or teaching at KTH, with the aim of supporting commercialization and making it easier for new science to benefit society.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Venture - Series Unknown, Pre-Seed, Seed
  • Geography: Sweden, Germany, United Kingdom

Investor stats

  • Total investments: 54
  • Round size: Seed $55k–$5.5M; Pre-Seed $23k–$27k; Venture - Series Unknown $1.1M–$1.6M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • porkchop — In-space logistics for SmallSats in Low Earth Orbit and beyond.
  • Novatron — A new fusion reactor design for stable plasma confinement and fusion power generation.
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Stena Sessan
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Machine Learning startups

Stena Sessan is an investment company that focuses on businesses with the potential to develop and grow. The company's investment strategy is built on flexibility and a long-term investment horizon. It invests in strong businesses with great potential, where, through an active co-ownership, they help to develop businesses that can address theneeds and challenges that the future holds.ne of Stena Sessan’s most significant investments was a 21 percent ownership stake in Swedish pharmaceutical company, Meda, which was sold to US pharmaceutical company Mylan in August 2016 through a public takeover bid. At the time of the sale, Stena Sessan had been one of the company’s main owners for 18 years, and the deal was the second-largest sale of a company listed on the Stockholm Stock Exchange to date.In recent years, Stena Sessan has invested in Scandic Hotels, the largest hotel operator in the Nordic region. Stena Sessan is the largest shareholder in the company, with a 20% ownership stake.Stena Sessan was founded in 1981.

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Investment focus

  • Industry: Software, Analytics, SaaS
  • Stage:Series C, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 20
  • Round size: Series A $24M–$105M; Series C $63M–$160M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
  • VOI Technology — Voi is a micromobility company operating e-bikes and e-scooters in 150+ cities. EBIT-profitable since 2024.
  • Exeger — We invent, engineer, and provide world-changing technologies to improve everyday life.
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Neudi & Co
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 4 investments in Sweden Machine Learning startups

Ernström & Co is a family-owned investment company in the fourth generation of the Hobohm-Hielte family.

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Investment focus

  • Industry: Software, Analytics, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: Sweden, The Netherlands

Investor stats

  • Total investments: 7
  • Round size: Seed $1.4M–$6.8M; Series A $24M–$24M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Kognic — Kognic provides the only software available in the market tailored to measure and improve perception performance for autonomous mobility.
  • Kognic — Annotell provides a platform that makes creating high quality training data for supervised machine learning a radically smoother process.
  • Exeger — We invent, engineer, and provide world-changing technologies to improve everyday life.
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Propel Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Machine Learning startups

Founded in 2014, Propel Capital has invested in over 170+ Sting startups. Offering generous investments to early-stage tech companies.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Convertible Note, Pre-Seed, Seed
  • Geography: Sweden, United States, Norway

Investor stats

  • Total investments: 173
  • Round size: Seed $24k–$615k; Pre-Seed $34k–$580k; Convertible Note $34k–$55k
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $3M in 2022

Portfolio highlights

  • Mother — Mother is a deep-tech mental health company that aims to fill the niche between conventional health services and self-help approaches.
  • Seaqure Labs AB — Seaqure Labs is a biotech startup utilizing mycoproteins as the solution for current unsustainable methods within aquaculture. Grounded in the fundamental principles of the circular economy, the technology empowers us to manufacture sustainable, economically viable ingredients, great for the planet and great for fish.
  • Freya Industries — Freya Industries builds the intelligence layer for physical security: connected sensors and the platform that turns what they capture into actionable insights
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Access 48,091 investors

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

Browse database — It's Free!
Reddere Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Machine Learning startups

Private Family Fund with Social Impact investments

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Investment focus

  • Industry: Internet, Software, Search Engine
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Auranest — Auranest was founded with the ambition strengthen the individual’s position on the job market. With advance IT solutions and the implementation of machine learning, Auranest is able to augment the end-users exposure on the job market, rather than that of any company’s.The main product connects end-users to hundreds of job sites from one platformwith the help of a proprietary technology. Users can choose to have an active profile on a multitude of job sites and apply for jobs without ever leaving the platform. By eliminating repetitive, administrative tasks for jobseekers, Auranest enables individuals to apply for more jobs, thus contributing to a more mobile labour market.Auranest is a high-growth Swedish startup company within the jobtech field adressing the Future of Work, founded in 2014. The company is expanding internationally in 2020 and entering new markets over the course of the next years.
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Subvenio Invest
VC Fund · 3 investments in Sweden Machine Learning startups

Subvenio Invest

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Investment focus

  • Industry: Software, Information Technology, CMS
  • Stage:Seed, Venture - Series Unknown
  • Geography: Sweden

Investor stats

  • Total investments: 9
  • Round size: Seed $1.2M–$4.2M; Venture - Series Unknown $4M–$4.2M
  • Lead/follow: 89% lead, 11% follow

Portfolio highlights

  • Gridly — Gridly is a cloud-based AI-powered content management online platform tailor-made for games and digital products. By connecting development, design, and localization teams and their tools, Gridly serves as a single source for effective content management. Thanks to flexible content modelling, granular access and version control, Gridly improvescollaboration and streamlines content management and localization for your games or apps.
  • Arkion — Skyqraft is a visual data analytics provider helping businesses in the linear infrastructure sector make better decisions about their grid. Today, Skyqraft is a trusted partner of some of the most influential and forward looking critical infrastructure organizations in Europe and North America.
  • BoardClic — BoardClic specializes in board evaluation, CEO evaluation, management evaluation, vertical alignment and corporate governance services.
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Paxx Media
VC Fund · Lund, Skane Lan, Sweden · 3 investments in Sweden Machine Learning startups

Angel investment firm based out of southern sweden

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Investment focus

  • Industry: Internet, Software, Search Engine
  • Stage:Seed, Angel
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Auranest — Auranest was founded with the ambition strengthen the individual’s position on the job market. With advance IT solutions and the implementation of machine learning, Auranest is able to augment the end-users exposure on the job market, rather than that of any company’s.The main product connects end-users to hundreds of job sites from one platformwith the help of a proprietary technology. Users can choose to have an active profile on a multitude of job sites and apply for jobs without ever leaving the platform. By eliminating repetitive, administrative tasks for jobseekers, Auranest enables individuals to apply for more jobs, thus contributing to a more mobile labour market.Auranest is a high-growth Swedish startup company within the jobtech field adressing the Future of Work, founded in 2014. The company is expanding internationally in 2020 and entering new markets over the course of the next years.
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LocalGlobe
VC Fund · London, England, United Kingdom · 3 investments in Sweden Machine Learning startups, 28 in the past 12 months

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

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Investment focus

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

Investor stats

  • Total investments: 461
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$5.1M; Series A $4.2M–$30M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Noah — API-first stablecoin payments, enterprise-grade compliance and real-time settlements, powered by stablecoin technology.
  • Concretene — Concretene is a concrete alternative that is designed to provide a viable CO2 reduction technology in the construction industry for cementitious products. It is developed by Nationwide Engineering Research and Development (NERD) with the Graphene Engineering Innovation Centre (GEIC).
  • Talent Nation — Talent Nation trains and places AI engineers with businesses through its Learn2Earn academy.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Machine Learning 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, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 75
  • Round size: Seed $907k–$5.8M; Series A $1.7M–$11M; Venture - Series Unknown $1.4M–$9.6M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $94M in 2022

Portfolio highlights

  • Cachet — Adaptive insurance solutions for micromobility, car-sharing and gig work platforms in 16 countries. Feel in control of risk and handle claims in one system.
  • Velatir — Velatir helps you stay in control of AI decisions. With real-time monitoring, AI risk scoring, we make responsible, transparent AI easy.
  • Solace Care — Legacy planning and guided loss support in one digital platform, offered through insurers and employers across the Nordics and the Netherlands.
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Yanno Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Machine Learning startups

Yanno Capital supports entrepreneurs with clear visions for long-term customer value, providing funding, leadership experience, and network for portfolio companies to maximize success opportunities.

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Investment focus

  • Industry: Apps, Big Data, Internet
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Quartr — Download the Quartr app to access investor calls/presentations, earnings reports, slide decks and transcripts without friction (and for free!)
  • Grasp — Grasp is the world's first AI analyst for finance professionals. Our AI analyst automates company and market research for investment banks, private equity firms, and management consulting firms across the world.
  • Lab One — SaaS, Consumer, B2B, Education
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Wellstreet
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Machine Learning 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:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, Finland

Investor stats

  • Total investments: 66
  • Round size: Seed $216k–$1.4M; Venture - Series Unknown $319k–$5M
  • Lead/follow: 39% lead, 61% 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 — EU-compliant inference service and AI infrastructure built by developers for developers.
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DHS Venture Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Machine Learning 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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Qualgro VC
VC Fund · Singapore, Central Region, Singapore · 2 investments in Sweden Machine Learning startups

Qualgro is a venture capital (VC) fund based in Singapore that provides funding to tech startups across Southeast Asia, in areas like Data, Software, and AI.

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Investment focus

  • Industry: SaaS, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: Singapore, Australia, India

Investor stats

  • Total investments: 98
  • Round size: Seed $1.1M–$4.9M; Series A $1.6M–$20M; Series B $7M–$25M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2018

Portfolio highlights

  • SynaXG — Empower your network with SynaXG's hyperconverged AI-RAN platform. We deliver AI-first, open, and energy-efficient 5G infrastructure solutions tailored for mobile operators and enterprises.
  • Accredify — Issue Verifiable Credentials anyone can authenticate in seconds, and verify the ones you receive. Tamper-proof Verifiable Credentials, verified across borders.
  • Supermom — Supermom is the digital platform designed by and for moms, providing recommendations on products and services through a community of moms. lt...
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Blue Tiger Investments
VC Fund · 2 investments in Sweden Machine Learning startups

Seed and angel-stage investments and advice to innovative, new companies and entrepreneurs.

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Investment focus

  • Industry: Software, Procurement, Machine Learning
  • Stage:Angel
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Round size: Angel $293k–$383k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lexi Solutions — LEXI Solution provides a cloud-based strategic procurement platform that delivers value beyond savings through managing quality, delivery and quality to your organization.The platform, MasterBOM, consolidates supply chain information from internal and external stakeholders to discover unknown facts, and insight to mitigate unforeseen risks. Theautomated data cleaning capabilities care for creating right data out of big data enabled by AI.To care for successful implementation, Lexi has developed an onboarding process supported by Lexi’s Data Center Team that will manage the often-daunting data collection and preparation process. As part of the on-boarding, Lexi’s experience and professional team will train our customers to fully understand this process and the role of data to develop an AI strategy supported by MasterBOM.MasterBOM is used by corporations such as ABB, Assa Abloy, Getinge, Volvo, SKF, Parker Hannifin.
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 2 investments in Sweden Machine Learning startups

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever since then it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 91
  • Round size: Seed $224k–$2.2M; Pre-Seed $110k–$4.3M; Venture - Series Unknown $1.2M–$6M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $49M in 2022

Portfolio highlights

  • DREV — DREV is a cleantech company manufacturing contamination control solutions for the world’s most advanced manufacturing facilities.
  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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NordicNinja VC
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Sweden Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 56
  • Round size: Seed $1.9M–$12M; Series A $5M–$30M; Series B $15M–$62M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
  • RedpineAI — Your agent reads the whole paper, not just the abstract. Licensed peer-reviewed full text in medicine, chemistry, and materials science, behind one endpoint.
  • 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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Heartcore Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 2 investments in Sweden Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 223
  • Round size: Seed $1.3M–$11M; Series A $3.4M–$27M; Series B $9.5M–$58M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely actively investing — fresh fund, raised $179M in 2024

Portfolio highlights

  • Fora — Fora's expert travel advisors will help you plan your dream trip while unlocking exclusive perks and upgrades. Welcome to the modern travel agency.
  • Nous — Find out exactly how your household finances will be affected by the cost-of-living crisis with Nous on your side.
  • PhaseTree — Materials design simulation company - PhaseTree ApS
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FAM AB
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Machine Learning startups

FAM is a privately owned holding company that manages assets as an active owner with a long-term ownership horizon.FAM is owned by the three largest Wallenberg foundations – the Knut and Alice Wallenberg Foundation, the Marianne and Marcus Wallenberg Foundation, and the Marcus and Amalia Wallenberg Foundation.FAM focuses its ownership on anumber of strategic holdings and a number of alternative investments. By actively contributing to the long-term development and growth of holdings, their dividend capacity and value can increase over time.Value creation and dividends from FAM grow the value of the foundations and their ability to distribute grants for research and education.FAM aims to generate returns and real growth in FAM’s capital by leveraging the combined experience and expertise of the FAM organization and the Wallenberg family network.FAM takes an active approach to ownership by focusing on activities that are in the best interests of holdings in the long term. In its role as a leading owner, FAM works to ensure that the boards of holdings have the right composition, and that FAM’s board representatives drive strategic work.FAM’s responsibility as majority owner is exercised in an engaged and discerning manner. FAM’s investment managers, who follow and analyze the holdings and the markets they operate in, support the board representatives.FAM’s team evaluates new opportunities that are in line with the current investment and ownership philosophy. The investment managers, together with the board members associated with the companies, form a business team for each holding. The business teams are the basis for active ownership.

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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Venture - Series Unknown, Series A, Series B
  • Geography: Sweden, Austria, United States

Investor stats

  • Total investments: 18
  • Round size: Series A $9.4M–$105M; Series B $109M–$190M; Venture - Series Unknown $3M–$29M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • SeeQC — SEEQC is developing the first digital quantum computing platform for businesses. SEEQC combines classical & quantum technologies to address the efficiency, stability & cost issues endemic to quantum computing.
  • Holyvolt — Our mission is to provide the world with high-efficiency renewable energy solutions at an affordable cost and with minimal environmental impact.
  • 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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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Sweden Machine Learning 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, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 180
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
  • Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
  • Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.
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Aligned Ventures
VC Fund · Nyack, New York, United States · 2 investments in Sweden Machine Learning startups

Aligned Ventures is a multifamily real estate firm that invests directly in value-add opportunities in MSAs with consistent rent growth and rising Real GDP.

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Investment focus

  • Industry: Software, Pet, Apps
  • Stage:Seed, Angel
  • Geography: Sweden, Germany

Investor stats

  • Total investments: 5
  • Round size: Seed $1.2M–$3.8M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Normain — The Extractional AI Platform. For experts in audit and assurance (A&A), GRC and M&A: define the work once, run it at scale, with structured answers linked to their exact source.
  • Rex — Veterinary practices you always wanted
  • MAIA Universe — Instantly license music from commercially released artists and songwriters for film, series, advertising, social content and gaming.
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Lakestar
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Sweden Machine Learning startups, 26 in the past 12 months

Lakestar invests in founders and technologies shaping Europe's future, helping build resilience, sovereignty, and long-term growth in a changing world.

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Investment focus

  • Industry: Software, Artificial Intelligence, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 258
  • Round size: Seed $2.2M–$19M; Series A $6.7M–$65M; Series B $17M–$91M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely actively investing — fresh fund, raised $300M in 2026

Portfolio highlights

  • Ravical — Ravical equips professional services firms with AI agents that collaborate and scale, unlocking practical value today and future growth tomorrow.
  • Modulate — Modulate uses revolutionary machine learning to proactively detect and escalate toxic behavior in your game. ToxMod becomes an expert in your code of conduct and empowers your moderators to make the right decisions to protect your community from the worst behavior happening in voice chat in real time.
  • Ares Intelligence — Ares Intelligence conducts automated internal interviews across a company's workforce to analyze operational inefficiencies and identify where the business can integrate artificial intelligence effectively.
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APX
VC Fund · Berlin, Berlin, Germany · 2 investments in Sweden Machine Learning startups

APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 191
  • Round size: Seed $1M–$5M; Pre-Seed $55k–$1.5M; Series A $5M–$15M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $61M in 2021

Portfolio highlights

  • VisioLab — Instantly scan products for self-checkout, using the iPad camera - no barcodes needed. Designed for speed, simplicity and human centricity.
  • Spike Technologies — Spike is an API for all fitness and health data from wearables & loT devices designed for digital health app developer.
  • Track Titan — Titan Academy revolutionises how gamers improve through fully automated coaching.
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Fairpoint Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Machine Learning startups

Fairpoint Capital is a B2B technology investment fund sprung out of the technology team of SEB Venture Capital. The fund is independent from SEB but the bank remains its main investor. Other investors are institutions with a close relationship to the bank. We thus leverage on more than two decades of technology venture capital investments and exitsin well over 50 technology companies. Exits include companies like Tail-f Systems, Donya Labs, Kreatel, Bluetail, Diakrit and Coresonic. Trade buyers include Microsoft, Cisco, Mediatek, Telia, Intel, NewsCorp and CGI.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, Denmark

Investor stats

  • Total investments: 29
  • Round size: Seed $1.4M–$7.8M; Series A $2.1M–$16M; Venture - Series Unknown $2.7M–$8.8M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Camphouse — Camphouse unifies media planning, budgets, activation and reporting in one platform, so advertisers and agencies plan with clarity and control.
  • Muybridge — Muybridge builds real-time, software-defined cameras. Be anywhere: capture, replay and navigate live action from any angle, with zero latency.
  • 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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Neptunia Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Machine Learning startups

Neptunia is a Swedish investment company, with Nordic ownership, that was founded by the brothers Johan och Mikael Karlsson together with the Ehrnrooth family. Neptunia invests in companies within Real Estate and Finance as well as Defence and Security.

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Investment focus

  • Industry: Banking, Cycling, Software
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Seed $3.9M–$4.2M; Series A $5.5M–$21M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Tendavo —
  • 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.
  • Volter — Volter software offers a comprehensive solution for commercial and industrial property owners to deploy, manage, and improve solar assets.
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Philian Invest
VC Fund · 2 investments in Sweden Machine Learning startups

Philian Invest is an investment vehicle owned and used by Karl-Johan Persson.

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Investment focus

  • Industry: Retail, Insurance, Renewable Energy
  • Stage:Series A, Venture - Series Unknown
  • Geography: Sweden, Denmark, South Korea

Investor stats

  • Total investments: 16
  • Round size: Series A $3M–$21M; Venture - Series Unknown $19M–$116M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • NORNORM — High quality pre-loved office furniture, including office design, installation and flexibility to change. Own less, pay less, and change whenever.
  • Grasp — Grasp is the world's first AI analyst for finance professionals. Our AI analyst automates company and market research for investment banks, private equity firms, and management consulting firms across the world.
  • Enjay Systems — Enjay Systems is a manufacturing company that develops heat-exchange equipment that recovers energy from hostile environments.
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CapitalT
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Machine Learning 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, Venture - Series Unknown
  • Geography: The Netherlands, United Kingdom, Sweden

Investor stats

  • Total investments: 41
  • Round size: Seed $2.1M–$11M; Pre-Seed $585k–$3.7M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely actively investing — fresh fund, raised $58M in 2025

Portfolio highlights

  • Xylo — Xylo offers higher quality processes with full officer oversight, reducing planning uncertainty and boosting UK housing delivery.
  • Overstory — Overstory combines AI and advanced satellite imagery to help electric utilities pinpoint and prioritize vegetation risks before they materialize. With Overstory's vegetation intelligence, transmission and distribution operators can make smarter decisions about the vegetation around their power corridors, optimizing resources and improvingoperational efficiency. This helps prevent outages, reduce wildfire risks, and accelerate the transition to a safer, more resilient grid.
  • New Dawn Bio — New Dawn Bio is a biotechnology research firm that specializes in wood production.
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henQ
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Machine Learning startups

We back the best European founders with up to €10M tickets. We like any early-stage B2B business that is simply a little different, whether your market is considered “too boring” by some, your business model a little atypical, or your founder-passion bordering on obsession.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: The Netherlands, United States, France

Investor stats

  • Total investments: 71
  • Round size: Seed $1M–$4.2M; Series A $900k–$16M; Series B $1.5M–$33M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: Likely actively investing — fresh fund, raised $78M in 2025

Portfolio highlights

  • Tanso — Tanso Technologies is a software company based in Munich that offers a carbon intelligence suite to industrial companies, with its solution for Corporate Carbon Footprint (CCF), Product Carbon Footprint (PCF), and ESG management for ESRS compliance. Tanso’s solution is supported by the European Innovation Council (EIC), as well as notable VCfunds like Capnamic and UVC Partners, and angel investors, and is used by leading German industrial companies.More information about Tanso can be found here: www.tanso.de
  • Kanpla — Connect digitally with your guests and combine the physical canteen with a digital experience.
  • Tomorro — Leeway helps you reduce the time spent on contract management and gives you more control and visibility over legal and financial risks.
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TrueSight Ventures
VC Fund · London, England, United Kingdom · 2 investments in Sweden Machine Learning startups

TrueSight Ventures is a venture capital firm investing in pre-seed and seed deals.

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Investment focus

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

Investor stats

  • Total investments: 89
  • Round size: Seed $668k–$7M; Pre-Seed $530k–$2.5M; Series A $8M–$15M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Navifare — Navifare is an AI-powered travel price optimization and metasearch platform that focuses on flight, hotel, and car rental price comparison. The platform analyzes flight offers users already found and searches for lower fares from online travel agencies and airlines. Users can upload screenshots, paste flight details, or use a Chrome extension thatoverlays a “Find Better Fare” button on major booking sites. Navifare exposes its price discovery capabilities via a web app, a REST API, and an MCP server for integration into AI assistants. It redirects users to partner sites to complete bookings and does not handle payments directly.
  • Zerolook — Zerolook provides a flight-shopping API for online travel agencies, airlines, metasearch services, and AI travel applications. Its machine-learning model predicts flight prices and itineraries using historical fare data instead of recomputing every fare combination through a global distribution system or airline system. The API returns predicteditineraries, prices, and confidence scores for exploratory search, while customers route completed bookings through their existing distribution channels. Zerolook supports REST and MCP integrations and provides booking links to external airlines and online travel agencies.
  • Artificial Labs — Artificial is the power between brokers and insurers in the specialty market. Underwriting technology and placement tools to move risk faster, with less in the way.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Machine Learning 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 companies include 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, Venture - Series Unknown
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 205
  • Round size: Series A $3.3M–$21M; Venture - Series Unknown $1.6M–$20M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • 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.
  • Fibbl — Enhance your e-commerce store with high-quality 3D product visualization for footwear. Scale 3D, AR, and virtual try-on experiences to boost engagement and conversions.
  • Trackpaw Scientific — Stress-free 24/7 home-cage monitoring of weight, activity and behaviour for every animal, without handling and without blind spots.
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Metaplanet
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Sweden Machine Learning startups

an early-stage investment firm making long-term bets on contrarians and leveraging the knowledge and network across sectors. We back mission-driven founders working on positively disruptive deep technologies.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 110
  • Round size: Seed $1.7M–$12M; Series A $5.9M–$40M; Series B $23M–$62M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2025

Portfolio highlights

  • Kopra Bio — Cancer immunotherapy that turns cancer cells into biofactories minting their own destruction.
  • Inherent — Living within the experiment.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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Bonnier
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Machine Learning startups

Bonnier is a media group working in TV, daily newspapers, business and trade press, magazines, film, books, radio and digital media.With a base in the Nordic region and a substantial presence in the U.S., Germany, the U.K. and Eastern Europe among other places, Bonnier has operations in 16 countries around the world and over 9,000 employees.Bonnier has been publishing high-quality media products since its start in 1804. Entrepreneurship is a core value and the company has always combined a commitment to freedom of speech with a business focus.The company is wholly owned by the Bonnier family, which has been running it for seven generations.

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Investment focus

  • Industry: Internet, Fitness, Software
  • Stage:Venture - Series Unknown, Seed, Corporate Round
  • Geography: Sweden, Ireland

Investor stats

  • Total investments: 7
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Swiftr — Access 1000+ gyms, yoga studios, climbing centers, pools & saunas with one membership. Book classes or train solo across the Nordics. Try free today.
  • Auranest — Auranest was founded with the ambition strengthen the individual’s position on the job market. With advance IT solutions and the implementation of machine learning, Auranest is able to augment the end-users exposure on the job market, rather than that of any company’s.The main product connects end-users to hundreds of job sites from one platformwith the help of a proprietary technology. Users can choose to have an active profile on a multitude of job sites and apply for jobs without ever leaving the platform. By eliminating repetitive, administrative tasks for jobseekers, Auranest enables individuals to apply for more jobs, thus contributing to a more mobile labour market.Auranest is a high-growth Swedish startup company within the jobtech field adressing the Future of Work, founded in 2014. The company is expanding internationally in 2020 and entering new markets over the course of the next years.
  • Business Post Group — Business Post Group operates as a digital services company.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

We help great minds unleash their full potential!

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Investment focus

  • Industry: Medical Device, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 27
  • Lead/follow: no public data

Portfolio highlights

  • NitroVolt — NitroVolt: the next generational step of sustainable ammonia.
  • Serviceform — Welcome to future of communication - the truly all-in-one conversion and management software built for established businesses. Start now!
  • Techarena — Since 2014 Techarena is the platform for innovation and Tech in the Nordics. From supporting startups and scaleups to bringing the Tech and Business world together at Scandinavia's Biggest Events.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning 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: 58
  • Lead/follow: no public data

Portfolio highlights

  • Opper AI — Opper AI is a task completion API for AI. Reliably complete tasks with AI models. Ship AI assistants, agents and backend features that really work. Access 100+ models, built in quality process, observability and more.
  • Motorica — Craft AAA animation in minutes with our Generative AI mocap actor. No capture. No cleanup. Just animate.
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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Cloud Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

Cloud Capital primarily invests in SaaS companies based on financing solutions that are optimized for SaaS companies' unique conditions. It provides SaaS entrepreneurs who have reached the scale-up phase access to smart expansion capital in the form of loans or shareholder capital or a combination of both. The firm was founded in 2017 byJohan Crona, with a background from starting, building, and investing in software companies.

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Investment focus

  • Industry: SaaS, Gaming, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: Sweden, India, Singapore

Investor stats

  • Total investments: 5
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • PinMeTo — Optimize your time and local presence with an all-in-one local SEO tool. Show up in local search, manage listings, reviews, messages from one dashboard.
  • Kandle — Kandle offers ways to make money in Crypto & Stocks through fantasy trading games. Trusted globally by 180,000+ users and growing.
  • Jeevam Health — Jeevam Health is an Online Medical Clinic to Cure Root Cause of Chronic Issues in India. Jeevam Health is creating the treatment for patients suffering from chronic issues to reverse their conditions. It's a personalized, whole-body approach to medical care driven by functional medicine doctors.
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Angular Ventures
VC Fund · London, England, United Kingdom · 1 investments in Sweden Machine Learning startups

Angular Ventures is a specialist venture capital firm committed to founders redefining global markets.

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Investment focus

  • Industry: Software, SaaS, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Israel, United States, United Kingdom

Investor stats

  • Total investments: 62
  • Lead/follow: no public data

Portfolio highlights

  • Belidor — Belidor Helps preconstruction teams win more bids with AI bid leveling and bid management tools.
  • Tensorleap — Debugging & explainability platform for deep-learning: find failures and edge cases, see why they happen, get the optimal data or model fix, and monitor in production.
  • groundcover — Instantly pinpoint bleeding issues in production & troubleshoot quickly with groundcover. All with zero code changes.
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Euclidean Capital
VC Fund · New York, New York, United States · 1 investments in Sweden Machine Learning startups, 6 in the past 12 months

Euclidean Capital is an investment firm that invests in individual and family services management.

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Investment focus

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

Investor stats

  • Total investments: 70
  • Round size: Series A $21M–$85M; Series B $21M–$185M; Series C $46M–$120M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Savvy Wealth — Savvy is the next-generation wealth management firm that pairs world-class advisors with modern software to help clients achieve their financial goals.
  • Circle Pharma — Circle Pharma is an early-stage biotechnology company applying proprietary computational design algorithms and innovative chemistry to develop cell-permeable macrocycle peptide therapeutics against important clinical targets. It does this through an iterative, rational design process that deploys large virtual libraries of conformationally diversemacrocycle scaffolds selected for inherent permeability. The company was founded by Matt Jacobson and Scott Lokey in 2012 and is headed by David J. Earp.
  • Leal Therapeutics — Leal Therapeutics develops novel therapeutics for patients.
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Next Human Ventures
VC Fund · 1 investments in Sweden Machine Learning startups

Next Human Ventures

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Investment focus

  • Industry: Software, Analytics, Power Grid
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Arkion — Skyqraft is a visual data analytics provider helping businesses in the linear infrastructure sector make better decisions about their grid. Today, Skyqraft is a trusted partner of some of the most influential and forward looking critical infrastructure organizations in Europe and North America.
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Frontline Ventures
VC Fund · London, England, United Kingdom · 1 investments in Sweden Machine Learning startups

Frontline is the venture firm for globally ambitious B2B companies on both sides of the Atlantic. Frontline Seed speeds up ideas at inception across Europe. Frontline X is a growth-stage fund, for fast and frictionless US-Europe expansion.

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Investment focus

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

Investor stats

  • Total investments: 213
  • Round size: Seed $705k–$5.5M; Pre-Seed $405k–$2.6M; Series A $3.7M–$17M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Snorkel AI — Snorkel AI builds specialized training data, benchmarks, and evaluation environments that help frontier models and agents perform in high-stakes domains.
  • Stanhope AI — Stanhope AI is a deep-tech startup based in London with a strong background in neuroscience, robotics and fintech. We are bringing Active Inference to market as a novel framework for autonomous decision-making. To contend with the challenges of contemporary AIs, our distinct approach aims to offer
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Sweden Machine Learning startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 121
  • Round size: Seed $570k–$5M; Pre-Seed $781k–$2.5M; Series A $6.5M–$17M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $158M in 2022

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Lette AI — Lette is a property management and leasing automation platform for property operators in Europe, using AI to run enquiries, resident support and maintenance.
  • VoiceLine — VoiceLine is the AI platform for your enterprise field sales: prepare visits, capture by voice and spot market signals in real time. EU-hosted.
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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Sweden Machine Learning startups

Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 80
  • Round size: Seed $294k–$1.5M; Pre-Seed $149k–$680k; Venture - Series Unknown $1.1M–$2.1M
  • Lead/follow: 65% lead, 35% follow
  • Last fund: Likely actively investing — fresh fund, raised $49M in 2025

Portfolio highlights

  • Amplifiles — Amplifiles is a PropTech startup that turns real estate listing photos into fully branded, high-quality videos in minute, no filming or editing required. Our video engine helps agents, photographers, and marketplaces boost engagement, generate more leads, and unlock new revenue streams.
  • Comparables.ai — The leading M&A and valuation intelligence platform. Find +110% more relevant companies 10.5x faster. Access comprehensive financials, transaction data, and AI analysis on 370M+ companies worldwide.
  • Nordic Information Control — Inventering och klassificering av information, automatiskt med Nordic Information Control Platform. Automatic Regulatory compliance.
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Sting Capital
VC Fund · Kista, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

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

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Investment focus

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

Investor stats

  • Total investments: 16
  • Round size: Seed $216k–$776k; Pre-Seed $412k–$611k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Prion — Prion makes it quick and easy for the preschool staff to give parents insight into what happens at preschool - together with the children. The app is available free for iPhone, Android and iPad.
  • Texelio — Texelio a company who is set to redefine financial market news by developing AI which empowers the customers of Retail banks, Online Brokers and Investment Service platforms.
  • Minnemera — Minnemera develops digital neurocognitive tests.
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Circus Future
VC Fund · Mölndal, Vastra Gotaland, Sweden · 1 investments in Sweden Machine Learning startups

Circus Future is a company that works to develop companies.

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Investment focus

  • Industry: Software, SaaS, Health Care
  • Stage:Seed, Venture - Series Unknown
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Embedl AB — Efficient Deep Learning by Deep Learning model optimization
  • Captario — Captario helps projects in drug development to make decisions that increase the value and limit the risk.Captario SUM (Strategic Uncertainty Management) offers a unique solution for modeling and simulation that allows projects to easily create, compare, and optimize alternative pathways with regard to value and risk. Captario SUM points out thefactors that expose the project to the greatest risk, thus helping the project in its risk management.
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ECSEL
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Sweden Machine Learning startups

Electronic components and systems (ECS) are a pervasive Key Enabling Technology, impacting all industrial branches and almost all aspects of life. A smartphone, a smart card, a smart energy grid, a smart city, even smart governance; everything “smart” is based on integrating semiconductor chips running embedded software. They provide the fabricon which the internet runs; they give life to portable phones and tablets; they drive driverless cars and trains, fly airliners, drones and satellites. In modern times, no national economy can win in the global competition without mastering this technology, with unparalleled systemic and strategic impact.

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Investment focus

  • Industry: Sensor, Internet, Machine Learning
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Imagimob — Imagimob is a leader in technology for real-time artificial intelligence on the edge.We have used our expertise and experience in sensor technology and artificial intelligence (AI) to develop SensorBeat, a system for real-time artificial intelligence on the edge.SensorBeat can add a lot of value to a range of existing products and enable thedevelopment of entirely new products. This will allow our customers to differentiate their products and services from their competitors by offering a unique set of features, significantly shorten time-to-market and to lower costs. This leads to increased revenues and improved profits and allows for new service-oriented business models.
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VNV Global
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Stats across 171 deals from 146 investors.

146
investors
in Sweden Machine Learning startups
171
deals
in Sweden Machine Learning startups
$1.5M
median round
in Sweden Machine Learning startups
49%
lead investors
lead at least one round
34%
Seed
most common funding stage

Access all 146 VC funds in Sweden Machine Learning startups.

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