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Top 50 Machine Learning VC Funds & Investors in Sweden (September 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, Information Technology $221k–$3.5M
Antler
VC Fund
11 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Chalmers Ventures AB
VC Fund
10 Sweden 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, Germany, United States Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.8M–$80M
J12
VC Fund
5 Sweden, Norway, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$30M
Neudi & Co
VC Fund
4 Sweden, The Netherlands Seed, Series A, Series B Software, Analytics, Machine Learning $1.4M–$24M
KTH Holding
VC Fund
4 Sweden, United Kingdom Venture - Series Unknown, Seed, Pre-Seed Software, Information Technology, Health Care $23k–$5.5M
Stena Sessan
VC Fund
4 Sweden Series C, Series A Software, Analytics, SaaS $24M–$160M
Yanno Capital
VC Fund
3 Sweden Seed, Series A Apps, Big Data, Internet
Subvenio Invest
VC Fund
3 Sweden Seed, Venture - Series Unknown Software, Information Technology, CMS $1.2M–$4.2M
LocalGlobe
VC Fund
3 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$33M
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $907k–$11M
Reddere Invest
VC Fund
3 Sweden Seed Internet, Software, Search Engine
Wellstreet
VC Fund
3 Sweden, Norway, Finland Venture - Series Unknown, Seed Software, E-Commerce, Retail $216k–$5M
Heartcore Capital
VC Fund
2 Denmark, United States, Germany Seed, Series A, Series B Software, Artificial Intelligence, FinTech $1.2M–$58M
Industrifonden
VC Fund
2 Sweden, United States, Denmark Series A, Venture - Series Unknown Biotechnology, Software, Information Technology $2.5M–$21M
FAM AB
VC Fund
2 Sweden, Austria, United States Venture - Series Unknown, Series A, Series B Software, Manufacturing, Energy $3M–$190M
Metaplanet
VC Fund
2 United States, United Kingdom, Estonia Seed, Series A, Series B Artificial Intelligence, Software, Health Care $1.7M–$62M
Qualgro VC
VC Fund
2 Singapore, Australia, India Series A, Series B, Seed SaaS, Software, Artificial Intelligence $1.1M–$25M
Fairpoint Capital
VC Fund
2 Sweden, Norway, Denmark Series A, Venture - Series Unknown, Seed Software, Information Technology, SaaS $1.4M–$16M
Bonnier
VC Fund
2 Sweden, Ireland Venture - Series Unknown, Seed, Corporate Round Internet, Fitness, Software
DHS Venture Partners
VC Fund
2 Sweden Pre-Seed, Seed Software, SaaS, Big Data $180k–$1.8M
APX
VC Fund
2 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Information Technology $55k–$15M
Paxx Media
VC Fund
2 Sweden Seed Internet, Software, Search Engine
Blue Tiger Investments
VC Fund
2 Sweden Angel Software, Procurement, Machine Learning $293k–$383k
CapitalT
VC Fund
2 The Netherlands, United Kingdom, Sweden Pre-Seed, Seed, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $585k–$11M
NordicNinja VC
VC Fund
2 Sweden, Finland, Estonia Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $1.9M–$62M
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Software, Health Care, Information Technology $110k–$4.3M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
Neptunia Invest
VC Fund
2 Sweden, United Kingdom Seed, Series A Banking, Cycling, Software $3.9M–$21M
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
Aligned Ventures
VC Fund
2 Sweden, Germany Seed, Angel Software, Pet, Apps $1.2M–$3.8M
Lakestar
VC Fund
2 Germany, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $2.2M–$91M
Philian Invest
VC Fund
2 Sweden, Denmark, South Korea Series A, Venture - Series Unknown Retail, Insurance, Renewable Energy $3M–$116M
Euclidean Capital
VC Fund
1 United States, India, Sweden Series B, Series A, Series C Biotechnology, Health Care, Medical $21M–$185M
Carl Westin
VC Fund
1 Sweden, Denmark Pre-Seed, Venture - Series Unknown Fitness, Wellness, Analytics
Investment AB Öresund
VC Fund
1 Sweden Seed, Series A, Post-IPO Equity Information Technology, SaaS, Mobile
Cocoa
VC Fund
1 United Kingdom, France, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology
JVH Ventures
VC Fund
1 Germany, Sweden, Denmark Seed, Pre-Seed, Series C Software, Health Care, Artificial Intelligence
AMAVI Capital
VC Fund
1 France, Sweden, Belgium Series A, Seed Real Estate, Information Technology, Software
4impact
VC Fund
1 The Netherlands, Germany, Italy Seed, Series A Artificial Intelligence, Software, Environmental Consulting
Mist Ventures
VC Fund
1 Sweden, Denmark, Saudi Arabia Seed, Series A Artificial Intelligence, Information Technology, Software
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
Vinnova
VC Fund
1 Sweden, United States Grant, Seed Health Care, Software, Biotechnology $27k–$570k
Angular Ventures
VC Fund
1 Israel, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Machine Learning
BackingMinds
VC Fund
1 Sweden, Denmark, Finland Seed, Pre-Seed Medical Device, SaaS, Information Technology
Kvanted Ventures
VC Fund
1 Sweden, Germany, United Kingdom Seed, Series A Manufacturing, Printing, Software
Access all 145 VC funds in Sweden Machine Learning startups.

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

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Investor list

Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 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, Information Technology
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 513
  • Round size: Seed $221k–$2.2M; Venture - Series Unknown $326k–$3.5M
  • Lead/follow: 33% lead, 67% 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.
  • Qulsar — Qulsar provides high precision time synchronization solutions for 5G, private mobile, industrial IoT and real time data applications and infrastructures. Its solution combines Time Synchronization as a Service (TSaaS) and open and proprietary software running on off the shelf (COTS) hardware. Qulsar's solutions span multiple precision levelsand slashes cost of ownership and operation.
  • Boka konferens — Boka konferens provides an online booking platform that allows users to browse and book conference rooms and venue space for corporate offices. Their products serve consumers. For inquiries, their telephone number and email address are available on their website.
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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: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 2377
  • Round size: Seed $158k–$4.5M; Pre-Seed $100k–$590k; 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

  • Two — Buy Now, Pay Later for your business customers. Two makes it easy and safe to offer invoice as a payment method on your e-commerce site.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
  • Neighbourhood — Neighbourhood transform unused spaces in restaurants, hotels and residences, into local hubs for co-working, creating and collaborating.
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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

Investor stats

  • Total investments: 280
  • Round size: Seed $274k–$2.3M; 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, 17 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 justcapital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but on bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totaling €660 million. EQT Ventures III launched in 2022, with commitments totaling €1.1 billion, making it the biggest European Venture Capital fund committed to early-stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris, and San Francisco, taking a locals-with-locals approach and supporting founders on the ground. Motherbrain, EQT Ventures' in-house-developed artificial intelligence (AI) platform, ensures the team has a data-driven approach and has driven more than $100 million in portfolio company investments.

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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: 301
  • 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

  • Fly.io — Build fast. Run any code fearlessly.
  • Einride — Einride designs state-of-the-art supply chain technology for global industries that want to lower emissions and increase efficiency.
  • Syntetica — Syntetica is a materials technology and climate technology company that develops chemical recycling technology for synthetic textiles. It uses proprietary green chemistry to convert nylon textile waste into virgin-quality recycled polymers, enabling circular production for the textile, automotive, and industrial materials industries. Its mission isto decarbonize synthetic materials by making high-quality recycled feedstocks commercially viable.The company's proprietary chemical depolymerization process separates and recovers Nylon 6 and Nylon 6,6 from blended textile waste that would otherwise be difficult to recycle. The process operates under low-temperature, low-pressure conditions, removes dyes and finishes, and produces recycled raw materials that can be reintroduced into manufacturing without compromising quality. Syntetica's technology supports textile-to-textile recycling and is designed to reduce carbon emissions, landfill waste, and reliance on virgin fossil-based materials.
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Machine Learning startups, 21 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 321
  • Round size: Seed $1.8M–$17M; Series A $5.5M–$35M; Series B $10M–$80M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $545M in 2024

Portfolio highlights

  • Rillet — Rillet automates majority of month-end close and offers powerful GAAP and SaaS reporting. The software has built-in revenue recognition, invoicing, and AI-powered accounting.
  • Jack & Jill AI — Jack helps candidates find the perfect job and Jill helps companies find the perfect candidate.
  • OLIX — OLIX designs and manufactures optical processors that use light-based circuits to accelerate artificial intelligence workloads. The company develops Optical Tensor Processing Units that execute matrix and tensor operations for training and running inference on large-scale machine learning models. Its hardware aims to increase performance and reducepower consumption relative to conventional electronic accelerators by processing data in the optical domain. Flux Computing focuses on infrastructure for generative AI and advanced neural networks, targeting data centers and organizations that require intensive model computation. The product stack centers on custom optical chips integrated with supporting electronics, control software, and tools that link into existing AI frameworks. Sales and partnerships primarily address customers building large AI clusters, research environments, and emerging applications that benefit from high-throughput, low-energy computation.
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Machine Learning startups

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: 63
  • 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 — Mediatool is the all-in-one planning, execution, tracking and reporting tool for media and marketing campaigns. Increase productivity with streamlined delivery and better collaboration across all your marketing activities. Grow revenue with confidence, using real-time performance data to optimise investment.Hundreds of tangible benefits, onebetter way of working. Forget spreadsheets and get to know Mediatool.
  • Volve — Volve turns tender and contract documents into a structured baseline, helping construction teams catch risk, run compliance checks, and win better bids with AI.
  • Galdera Labs — Disposable financial models cost more than time. They cost context. Galdera was built for growth finance teams looking to save both.
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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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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 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, Seed, Pre-Seed
  • Geography: Sweden, United Kingdom

Investor stats

  • Total investments: 48
  • Round size: Seed $55k–$5.5M; Pre-Seed $23k–$27k; Venture - Series Unknown $1.5M–$1.6M
  • Lead/follow: 19% lead, 81% 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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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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Access 48,091 investors

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

Browse database — It's Free!
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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LocalGlobe
VC Fund · London, England, United Kingdom · 3 investments in Sweden Machine Learning startups

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: 434
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$5.1M; Series A $4.2M–$33M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • nPlan — AI that forecasts project outcomes, creates scenarios of the future and helps mitigate risk across single projects and portfolios. Trained on over 750,000 past programmes.
  • Stream — Stream is a financial services firm that allows employees to stream their earned wages into their accounts through an instant app. The app allows them to have complete control over when they get paid. It also effectively ends the need for employee advances, loans, and employee stress suffered from short-term, unplanned financial obligations. Thecompany aims to play a key role in reducing the poverty premium and preventing employees from entering cycles of debt caused by overdraft fees, high-interest credit, or payday loans.
  • Resolutiion — Resolutiion provides AI-powered software for managing commercial conflict, delivery risk, and business relationship performance. The platform supports organizations with dispute detection, workflow automation, contract monitoring, issue resolution, and operational risk management across customers, suppliers, workforce teams, and commercialpartnerships. Its system uses AI-driven analysis to identify relationship friction, monitor delivery performance, and support structured resolution processes. Resolutiion also provides commercial intelligence tools, reporting, and collaboration features for enterprise delivery and governance management.
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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, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 74
  • Round size: Seed $907k–$5.8M; Series A $1.7M–$11M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $94M in 2022

Portfolio highlights

  • Velatir — Velatir helps you stay in control of AI decisions. With real-time monitoring, AI risk scoring, we make responsible, transparent AI easy.
  • Incredible — Talk to your apps and automate tasks
  • Solace Care — Solace Care offers AI-powered end-of-life planning and loss support, integrated with insurance and workplace benefits.
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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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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 — We champion AI sovereignty in Europe to unlock innovation and growth
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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, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Denmark, United States, Germany

Investor stats

  • Total investments: 216
  • Round size: Seed $1.2M–$12M; 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

  • Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
  • PhaseTree — Materials design simulation company - PhaseTree ApS
  • Everywear Games — Everywear Games is the world’s leading wearable game studio. The company was founded in 2014 by industry veterans from Remedy, Digital Chocolate and Rovio and it is the pioneer of smartwatch gaming. It’s award-winning Apple Watch launch title, Runeblade, has received worldwide recognition from press, fans and industry heavyweights and it’s gamesare consistently on top of global charts.
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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 companiesinclude tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

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Investment focus

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

Investor stats

  • Total investments: 202
  • Round size: Series A $3.3M–$21M; Venture - Series Unknown $2.5M–$21M
  • 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 — Contributing to the development of safe and effective pharmaceuticals at increased speed and quality by digitalising the preclinical study landscape.
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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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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, Health Care
  • 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 — Recursively self-improving to discover new knowledge.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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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: 94
  • Round size: Seed $1.1M–$4.9M; Series A $2M–$25M; Series B $7M–$25M
  • Lead/follow: 20% lead, 80% 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 — Build digital trust for your organisation with verifiable information. Issue instantly verifiable digital documents and simplify document management processes.
  • 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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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 — Mediatool is the all-in-one planning, execution, tracking and reporting tool for media and marketing campaigns. Increase productivity with streamlined delivery and better collaboration across all your marketing activities. Grow revenue with confidence, using real-time performance data to optimise investment.Hundreds of tangible benefits, onebetter way of working. Forget spreadsheets and get to know Mediatool.
  • Muybridge — Reimagining cameras with weightless software-based viewpoint
  • 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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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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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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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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Paxx Media
VC Fund · Lund, Skane Lan, Sweden · 2 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
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% 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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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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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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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: Software, Information Technology, Artificial Intelligence
  • 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 — Redpine powers AI builders and autonomous agents with access to licensed, high-quality and multimodal data - securely and at scale.
  • 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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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 sincethen 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
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 91
  • Round size: Seed $224k–$2.1M; Pre-Seed $110k–$4.3M
  • 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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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, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 179
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 47% lead, 53% 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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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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henQ
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Machine Learning startups

Early-stage funding for the odd ones out in B2B software.

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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 — Build your future placement and underwriting strategy with Artificial's pioneering technology.
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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
  • 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

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, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 247
  • Round size: Seed $2.2M–$19M; Series A $6.7M–$65M; Series B $16M–$91M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely actively investing — fresh fund, raised $300M in 2026

Portfolio highlights

  • Swan — Use Swan's APIs to embed white-labeled banking features like accounts, cards, and IBANs into your workflows and UX.
  • Vertice — The SaaS purchasing platform that gives finance leaders cost control, efficiency and flexibility.
  • Cambridge Aerospace — Our mission is to eliminate the risk of existential war in Europe.
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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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Euclidean Capital
VC Fund · New York, New York, United States · 1 investments in Sweden Machine Learning startups

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: 69
  • Round size: Series A $21M–$85M; Series B $21M–$185M; Series C $46M–$120M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • InduPro — InduPro is a biotechnology company that specializes in protein therapeutics and cell-surface platform technologies.
  • 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.
  • Leal Therapeutics — Leal Therapeutics develops novel therapeutics for patients.
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Carl Westin
VC Fund · 1 investments in Sweden Machine Learning startups

Carl Westin is an international investment company with a focus on digital health.

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Investment focus

  • Industry: Fitness, Wellness, Analytics
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Sweden, Denmark

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Causiq — Causiq combines data science with the principles of marketing mix modeling while unifying teams with a single source of truth, across online and offline.
  • Practio — Practio build digital health solutions that give consumers better access to quality healthcare services.
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Investment AB Öresund
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

The Oresund Group consists of the parent company, Investment AB Oresund, which is a pure investment company active in asset management, and the subsidiary, Ven Capital AB. Ven Capital is engaged in securities trading as a complement to the parent company's investment management activities.Investment AB Oresund traces its origins toSjoforsakringsaktiebolaget Oresund, a marine insurance company founded in 1890 with a share capital of SEK 300,000. In 1956 the company was restructured with AB Sjo-Oresund becoming the parent company of a group consisting of three marine insurance companies, Oresund, Agir and Stockholms Sjö. In 1961, the shares in these three companies were sold to Skandia in return for a portfolio of listed shares and cash. AB Sjo-Oresund changed its name to Investment AB Oresund.

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Investment focus

  • Industry: Information Technology, SaaS, Mobile
  • Stage:Seed, Series A, Post-IPO Equity
  • Geography: Sweden

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Ovzon — Ovzon offers world-leading integrated mobile satellite communications services, SATCOM-as-a-Service, to customers globally. The services combine high throughput satellite networks, mobile satellite terminals, gateway services, and dedicated customer support.
  • Klarna — Einkaufen, was du willst. Bezahlen, wie du willst. Klarna bietet dir verschiedene Zahlungsarten an. Du entscheidest, welche am besten zu dir passt.
  • Orbital Systems — Save up to 90% water and up to 80% energy with our smart recirculating shower - a much better shower experience for both you and our planet
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Cocoa
VC Fund · London, England, United Kingdom · 1 investments in Sweden Machine Learning startups

WE ARE COCOA #LETSDOTHIS

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Investment focus

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

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • Embedd — Fast software integration of chips that gives you full vendor and target flexibility. Accelerate your time-to-market and remove supply chain dependencies.
  • Fractile — Fractile is designing AI compute systems that will enable the next generation of AI scaling: frontier model inference, 25x faster, at 1/10th the cost.
  • Cyclana Bio — Cycle Therapeutics - Building the future of women's health, one cycle at a time.
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JVH Ventures
VC Fund · Simmelsdorf, Bayern, Germany · 1 investments in Sweden Machine Learning startups

Angel and Seed stage investments in fast growing and highly scalable startups in growing markets led by dedicated entrepreneurs that are passionate about what they are doing. We invest in people that we would love to work with and who are capable to implement the quick iterations needed to make a startup company successful.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series C
  • Geography: Germany, Sweden, Denmark

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • DBtune — Most databases are shipped with very conservative default settings across a host of parameters to ensure that they can function properly for a wide variety of applications. However, once a database has been installed and applied to a particular application, there is plenty of room to tune these parameters in a way that improves your particulardatabase performance.
  • Widgetbook — Widgetbook is an open source tool for organizing widgets in Flutter. It accelerates UI development and improves the collaboration between developers, designers and clients.
  • Composo — No more testing by vibes. Conduct data-driven evaluation to find the best prompts, models & end to end architecture for LLM applications.
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AMAVI Capital
VC Fund · 1 investments in Sweden Machine Learning startups

AMAVI is an independent and dedicated Pan-European investor established to support growth of the leading and most promising companies active in the PropTech industry, with a geographical focus on the Benelux, Nordics, Germany, Switzerland and France. AMAVI aims to create a bridge between the traditional real estate industry on the one hand and themost groundbreaking European PropTech companies on the other hand, by leveraging on its combined expertise and network from the real estate, technology and private equity industry. AMAVI partners with the world-shapers, creating companies that radically change the places we live, work and relax in today.

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Investment focus

  • Industry: Real Estate, Information Technology, Software
  • Stage:Series A, Seed
  • Geography: France, Sweden, Belgium

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • Cintoo — Cintoo is essential for BIM to bridge the gap between your physical and virtual worlds.
  • HolaCamp — HolaCamp is a campsite operating company focused on enhancing value to traditionally owner-managed businesses through digitalization and investment with extensive experience in glamping tent distribution for major events, joined the project.
  • Ebie — Ebie is an insurance company that offers financial and rental services.
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4impact
VC Fund · Netherlands, Missouri, United States · 1 investments in Sweden Machine Learning startups

4impact was born out of our desire to increase the purpose of our work and help us give back. By backing tech4good technology startups with knowledge, experience, network, and funding, we can be a catalyst to a sustainable world.

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Investment focus

  • Industry: Artificial Intelligence, Software, Environmental Consulting
  • Stage:Seed, Series A
  • Geography: The Netherlands, Germany, Italy

Investor stats

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

Portfolio highlights

  • Tvarit — Reduce Rejections in Casting with easy to use, secure & fast to implement industrial AI.
  • ETPA — Etpa, the energy trading platform driving the sustainability transition. Join us for transparent trades, innovative solutions, and the fastest platform.
  • Coolgradient — Coolgradient is a roof-to-room AI optimization solution for data centers.
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Mist Ventures
VC Fund · Lund, Skane Lan, Sweden · 1 investments in Sweden Machine Learning startups

They invest in the pre-seed/seed stages of scalable technology-based companies aiming for large international markets. The business shall be able to operate long term, with a core of future-proof technologies.Mist Ventures invests in technology-based companies (deep tech) based on proprietary technology superior to to competition.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Software
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, Saudi Arabia

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • BRKZ — BRKZ is a construction-tech company that provides a one-stop solution by selling building materials to contractors and builders.
  • IntuiCell — IntuiCell develops a fundamentally new recursive computing architecture and associated technology platform.
  • Oktogrid — Electrification is taking place at a rate, where conventional methods for inspection, maintenance, and congestion management no longer match the new energy scenario. Distribution transformers are ageing blind spots today with no access to online, real-time performance data. This is because getting access to data is hard. We have solved this problem.
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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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Vinnova
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

Vinnova is Sweden's government agency for innovation. Our mission is to contribute to sustainable growth by improving the conditions for innovation. We do this mainly by funding innovation projects and the research needed to develop new solutions. We also invest long term in strong research and innovation environments. We stimulatecollaborations between companies, universities and other higher education institutions, public services, civil society and other actors. Our activities also focus on strengthening international cooperation. Each year, Vinnova invests around $350 millions in fostering innovation. Most of these funds are allocated via calls for proposals in which companies, public sector actors and other organisations apply for funding. All investments are continuously monitored and evaluated and we regularly analyse the impacts of our investments.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Grant, Seed
  • Geography: Sweden, United States

Investor stats

  • Total investments: 79
  • Round size: Seed $30k–$360k; Grant $27k–$570k
  • Lead/follow: 66% lead, 34% follow

Portfolio highlights

  • Imvi Labs — Imvi Labs develops a VR and app based solutions for eye coordination and reading speed.
  • Proteinish — Proteinish creates textured plant protein solutions to improve the quality and scalability of alternative protein products.
  • Smartports —
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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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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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Kvanted Ventures
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Sweden Machine Learning startups

The Nordic industrial tech investor funding early-stage companies building new solutions in the industrial sector.

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Investment focus

  • Industry: Manufacturing, Printing, Software
  • Stage:Seed, Series A
  • Geography: Sweden, Germany, United Kingdom

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Samp — Whatever the scale, age, or number of facilities, Shared Reality helps industrial operators accelerate their digital twin programs in an affordable and accessible way.
  • QMill — QMill, with its innovative quantum algorithms for the noisy intermediate-scale quantum (NISQ) era, will usher in the era of practical quantum advantage.
  • RESONIKS — It's data that drives resilient and sustainable supply chains. Implement SUPPLYZ solutions to gather real-time inventory data for your products and materials and use this data to automate your processes, offer new services and prevent supply chain disruptions. SUPPLYZ can be implemented for both industrial and consumer applications
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Machine Learning VC funding in Sweden at a glance

Stats across 164 deals from 145 investors.

145
investors
in Sweden Machine Learning startups
164
deals
in Sweden Machine Learning startups
$1.5M
median round
in Sweden Machine Learning startups
49%
lead investors
lead at least one round
35%
Seed
most common funding stage

Access all 145 VC funds in Sweden Machine Learning startups.

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