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Top 50 Machine Learning VC Funds & Investors in Sweden (July 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
Antler
VC Fund
10 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
EQT Ventures
VC Fund
6 Sweden, Germany, United States Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $3.3M–$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, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $1.2M–$30M
Chalmers Ventures AB
VC Fund
4 Sweden Pre-Seed, Seed Software, Biotechnology, Information Technology $5k–$2.7M
Stena Sessan
VC Fund
4 Sweden Series C, Series A Software, Analytics, SaaS $24M–$160M
Wellstreet
VC Fund
3 Sweden, Norway, Finland Seed, Pre-Seed Software, E-Commerce, Retail $193k–$2.5M
LocalGlobe
VC Fund
3 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$33M
Neudi & Co
VC Fund
3 Sweden, The Netherlands Seed, Series A, Series B Software, Analytics, Machine Learning $1.1M–$6.4M
Almi Invest
VC Fund
3 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $193k–$2.2M
Subvenio Invest
VC Fund
3 Sweden Seed, Venture - Series Unknown Software, Information Technology, CMS $1.2M–$4.2M
Yanno Capital
VC Fund
3 Sweden Seed, Series A Apps, Big Data, Internet
NordicNinja VC
VC Fund
2 Sweden, Finland, Estonia Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $2.3M–$62M
Neptunia Invest
VC Fund
2 Sweden, United Kingdom Seed, Series A SaaS, Drones, Cycling $3.3M–$21M
Philian Invest
VC Fund
2 Sweden, Denmark, South Korea Seed, Series A Content, Big Data, Internet $1.5M–$1.9M
Aligned Ventures
VC Fund
2 Sweden, Germany Seed, Angel Software, Pet, Apps $1.3M–$3.8M
Lakestar
VC Fund
2 Germany, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $2.2M–$91M
DHS Venture Partners
VC Fund
2 Sweden Pre-Seed, Seed Software, SaaS, Big Data $180k–$1.8M
CapitalT
VC Fund
2 The Netherlands, United Kingdom, Sweden Pre-Seed, Seed Software, Artificial Intelligence, Information Technology $585k–$11M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$25M
TrueSight Ventures
VC Fund
2 United Kingdom, Sweden, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $611k–$16M
Qualgro VC
VC Fund
2 Singapore, Australia, India Series A, Series B, Seed Software, SaaS, Artificial Intelligence $979k–$25M
Industrifonden
VC Fund
2 Sweden, United States, Denmark Series A, Seed Biotechnology, Software, Information Technology $1.3M–$21M
KTH Holding
VC Fund
2 Sweden Seed, Pre-Seed Software, Information Technology, Biotechnology $270k–$5.5M
APX
VC Fund
2 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Information Technology $55k–$15M
SF Ventures
VC Fund
1 Sweden, Norway Pre-Seed Information Technology, Software, Property Management
Vantaan Energia
VC Fund
1 Finland, Sweden Seed, Private Equity Automotive, Electronics, Mobile Apps
Tiny Supercomputer Investment Company
VC Fund
1 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology
4impact
VC Fund
1 The Netherlands, Germany, Italy Seed, Series A Artificial Intelligence, Software, Environmental Consulting
Balderton Capital
VC Fund
1 United Kingdom, United States, Germany Series A, Series B, Series C Software, Financial Services, Artificial Intelligence $5M–$150M
Carl Westin
VC Fund
1 Sweden, Denmark Pre-Seed Fitness, Wellness, Analytics
Cloud Capital
VC Fund
1 Sweden, India, Singapore Pre-Seed, Seed SaaS, Gaming, FinTech
Permak AB
VC Fund
1 Sweden Sensor, Internet, Machine Learning
Investment AB Öresund
VC Fund
1 Sweden Seed, Series A Information Technology, SaaS, Mobile
Lindeblad Venture
VC Fund
1 Sweden Series A Internet, Machine Learning, Internet of Things
Investment AB Spiltan
VC Fund
1 Sweden, United States Series A, Seed SaaS, Software, Health Care $965k–$12M
FAM AB
VC Fund
1 Sweden, Austria, United States Series A, Series B Software, Manufacturing, Energy $9.4M–$190M
Aconterra
VC Fund
1 Belgium, Sweden, Estonia Seed, Series A Software, Information Technology, SaaS $873k–$11M
AI Seed
VC Fund
1 United Kingdom, United States, Sweden Seed, Pre-Seed Artificial Intelligence, Software, Machine Learning $393k–$3.2M
seed + speed Ventures
VC Fund
1 Germany, Austria, Switzerland Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence $603k–$20M
Trind Ventures
VC Fund
1 Finland, Estonia, Spain Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $549k–$15M
Next Human Ventures
VC Fund
1 Sweden Seed Drones, Power Grid, Machine Learning
Frontline Ventures
VC Fund
1 United States, Ireland, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $110k–$16M
Sting Capital
VC Fund
1 Sweden Seed, Pre-Seed Software, Apps, Medical $216k–$724k
Spintop Ventures
VC Fund
1 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $878k–$12M
Metaplanet
VC Fund
1 United States, United Kingdom, Estonia Seed, Series A, Series B Artificial Intelligence, Software, Health Care $2.6M–$62M
Euclidean Capital
VC Fund
1 United States, India, Sweden Series B, Series A, Series C Biotechnology, Health Care, Therapeutics $21M–$185M
Vendep Capital
VC Fund
1 Finland, United States, Denmark Seed, Series A SaaS, Software, Information Technology $713k–$13M
Confidus Venture Capital
VC Fund
1 Sweden, United Kingdom Seed, Series A SaaS, Payments, Blockchain
Peak
VC Fund
1 The Netherlands, Germany, Sweden Seed, Pre-Seed Software, SaaS, Information Technology $658k–$5M
Access all 113 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

Antler
VC Fund · Singapore, Central Region, Singapore · 10 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: 1821
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$755k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Deja — Modern Rituals & Natural Products from the Ancient Science of Ayurveda
  • Enoki Inc — Multiplayer-enabled tools for developers. Enoki has 18 repositories available. Follow their code on GitHub.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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EQT Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Machine Learning startups

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: 255
  • Round size: Seed $3.3M–$14M; Series A $6.4M–$44M; Series B $15M–$100M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Wolt — Wolt delivers from the best restaurants and stores around you.
  • Siilo — Doctolib Connect is a secure medical messenger platform designed for healthcare professionals. Communicate patient data with teams and colleagues.
  • Holidu — Holidu is one of the fastest-growing travel tech companies worldwide that aims to finally make the search and booking of vacation rentals easy. Its search engine uses proprietary image recognition technology to compare the prices of millions of rental properties across hundred of websites including Airbnb, Booking.com, and Homeaway. This enablesusers to quickly find the ideal accommodation and to save up to 55% on their bookings. It was founded in 2014 by brothers Johannes and Michael Siebers and is headquartered in Munich, Bayern, Germany.
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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, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 276
  • Round size: Seed $1.8M–$16M; Series A $5.3M–$35M; Series B $8M–$80M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • unitQ — unitQ's product quality monitoring platform empowers businesses to take a data-driven approach to product quality so they can fix the right quality issues smarter and faster.
  • Pleo — Behind Pleo is the core belief to make everyone feel valued at work, driven by the mission to revolutionise business spending for forward-thinking teams everywhere - so things like a fun-to-use spend management app that automatically tracks work-related spending & generates expense reports, paired with the powerful tools businesses need tocreate full visibility and management of every penny spent.It was founded in 2015 by Jeppe Rindom and Niccolo Perra and is based in Copenhagen, Hovedstaden, Denmark.
  • Trade Republic — Trade Republic is a mobile-only and commission-free broker that brings the opportunity to invest easily. The company works as a broker for a new generation for a more mobile, more intuitive, faster - and permanently free of commission. Trade Republic was founded in 2015 and based in Berlin, Germany.
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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, Germany, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1.5M–$7.6M; Pre-Seed $1.2M–$1.7M; Series A $5.8M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • VALIDIO — Real-time data validation and data quality monitoring for modern data teams. Abstracting complexity away from data engineering.
  • 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.
  • 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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Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 4 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
  • Geography: Sweden

Investor stats

  • Total investments: 211
  • Round size: Seed $290k–$2.7M; Pre-Seed $5k–$309k
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Anferra — Anferra specializes in hydrometallurgy, utilizing methods for resource-efficient recycling of steel industry waste into iron chloride.
  • Arkeon Technologies — Arkeon Technologies is a deep-tech company developing innovative solutions for scalable superconducting quantum computing. Its patented technology enables precise post-fabrication tuning of qubit frequencies, improving quantum chip performance, yield, and reliability. By addressing key manufacturing challenges, Arkeon helps accelerate thedevelopment of large-scale quantum processors for next-generation computing.
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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: 19
  • Round size: Series A $24M–$105M; Series C $48M–$160M
  • Lead/follow: 21% lead, 79% 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 micro-mobility startup that provides electric scooters for last-mile transportation. Douglas Stark, Filip Lindvall, and Fredrik Hjelm founded it in 2018. Its headquarters is located in Stockholm in Sweden.VOI Technology is aiming to create a system of electrically powered scooters around urban centers to provide an affordable,sustainable, and exhilarating way to commute while helping people to reduce their carbon footprint and cities to have a more sustainable transportation network.
  • Exeger — We invent, engineer, and provide world-changing technologies to improve everyday life.
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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:Seed, Pre-Seed
  • Geography: Sweden, Norway, Finland

Investor stats

  • Total investments: 62
  • Round size: Seed $193k–$1.4M; Pre-Seed $611k–$2.5M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • Y/ELM+ — Y/ELM+ is a horseback riding safety and protection brand that focuses n creating leading-edge rider safety solutions.
  • Key Ward — Accelerate your engineering projects with data intelligence. Mitigate the risk of late stage failures in your AI adoption journey with our no-code platform.
  • Berget AI — Berget AI is an AI platform that focuses on inference and agentic infrastructure, enabling businesses to deploy and expand open-source LLMs.
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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: 337
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$3.3M; Series A $3.5M–$33M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Dataform — Develop and operationalize scalable data transformations pipelines in BigQuery using SQL.
  • CYCLE — GetHenry is a rapidly growing subscription service for market-leading delivery companies. We make sure that thousands of couriers are on the move safely, quickly and comfortably every day. In this way, we not only create added value for delivery services, but also help to reduce transport-related CO2 emissions on the last mile.
  • Circular — Developers-focused job platform for Software Developers, DevOps, Data Science & more. Sign up now and get access to successful hiring processes in Spain, Remote.
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Neudi & Co
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 3 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: 6
  • Round size: Seed $1.1M–$6.4M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Kognic — Annotell provides a platform that makes creating high quality training data for supervised machine learning a radically smoother process.
  • Doctor24 — Doktor24, founded in 2016 and led by CEO Daniel Lillienau, developed a health network system by integrating digital and physical care service providing. The company also operates through a subsidiary, Platform24, which is a developer of technical solutions for digitally integrated care for both private and public healthcare providers.
  • Exeger — We invent, engineer, and provide world-changing technologies to improve everyday life.
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 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:Seed, Pre-Seed
  • Geography: Sweden, United States, Ukraine

Investor stats

  • Total investments: 279
  • Round size: Seed $193k–$2.2M; Pre-Seed $236k–$1.4M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Xaga Surgical — Xaga Surgical aims to minimize the risk of infections by inventing safer medical needles.
  • Inhalation Sciences — The PreciseInhale patented aerosol generation R&D platform delivers respirable dry powder aerosols from preclinical cell studies all the way through to human clinical trials, significantly accelerating drug development timelines. The platform’s one-animal-at-a-time system requires just milligrams, not grams of costly test substance for a fullPK study and delivers high-resolution lung data of, typically, <10% SD. We carry out Contract Research for novel and generic inhalation drug developers, toxicology and environmental research institutes and university research institutes in the inhalation and aerosolization field.
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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
  • Lead/follow: 89% lead, 11% 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.
  • BoardClic — BoardClic specializes in board evaluation, CEO evaluation, management evaluation, vertical alignment and corporate governance services.
  • Holm Security — Empowering companies struggling to gain insight into their cyber security landscape.
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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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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: 52
  • Round size: Seed $2.3M–$12M; Series A $4.4M–$30M; Series B $15M–$62M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • Veriff — Highly automated identity verification software from Veriff. We help you build trust and transparency online.
  • Pactum — Pactum autonomous negotiations help companies unlock hidden value. Our AI negotiates non-strategic supplier contracts on a massive scale.
  • VOI Technology — VOI is a micro-mobility startup that provides electric scooters for last-mile transportation. Douglas Stark, Filip Lindvall, and Fredrik Hjelm founded it in 2018. Its headquarters is located in Stockholm in Sweden.VOI Technology is aiming to create a system of electrically powered scooters around urban centers to provide an affordable,sustainable, and exhilarating way to commute while helping people to reduce their carbon footprint and cities to have a more sustainable transportation network.
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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: SaaS, Drones, Cycling
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom

Investor stats

  • Total investments: 8
  • Round size: Seed $3.3M–$4.2M; Series A $5.5M–$21M
  • Lead/follow: 25% lead, 75% 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.
  • 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: Content, Big Data, Internet
  • Stage:Seed, Series A
  • Geography: Sweden, Denmark, South Korea

Investor stats

  • Total investments: 10
  • Round size: Seed $1.5M–$1.9M
  • Lead/follow: 20% lead, 80% 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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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 $1.3M–$3.8M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Normain — Normain is the AI platform for deep knowledge work. Automate your complex analyses and reports directly on Sharepoint or Google Drive. Access your own data and public sources in one single platform.
  • 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 is a venture capital firm investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook, and Airbnb. Since raising the first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early-stage funds, and more recently a growth fund. The company has expandedand broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GetYourGuide, Glovo, Sender, Eigen, Five, Revolut, and Hometogo to name a few. Lakestar has a presence in Berlin, Zurich, and London.Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology, and marketing. The investments range from early-stage companies to those in their growth stage.

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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: 225
  • Round size: Seed $2.2M–$16M; Series A $6.6M–$65M; Series B $16M–$91M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Amuse — amuse is an independent record label and music distributor. We've launched the careers of some of the world's top independent artists and you could be next!
  • Graswald AI — Graswald engages in the creation of natural and digital 3D worlds for the entertainment industry.
  • Fuse Games — Based in Istanbul, Fuse Games’ vision is to build mobile games that are loved by wide and diverse player groups. Founded by a team that has strong gaming, growth and execution background, Fuse Games’ initial focus is on developing a MOBA game that includes strong meta elements and innovative ways to create a sense of ownership.
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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–$1.4M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Noru — Noru builds an AI-native platform for regulatory compliance.
  • Normain — Normain is the AI platform for deep knowledge work. Automate your complex analyses and reports directly on Sharepoint or Google Drive. Access your own data and public sources in one single platform.
  • Forecasterly — Forecasterly is a SaaS company that provides an AI-powered platform for financial planning and analysis (FP&A).
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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
  • Geography: The Netherlands, United Kingdom, Sweden

Investor stats

  • Total investments: 38
  • Round size: Seed $2.1M–$11M; Pre-Seed $585k–$3M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $41M in 2020

Portfolio highlights

  • Wizenoze — At the heart of the WizeNoze platform is a set of powerful classification algorithms. A smart content editor enables writers and publishers to quickly write and rephrase texts for children, assisted by real-time classification suggestions provided by their algorithms. Developers can easily tap into all the platform's features via an API.Combined with a powerful search engine, the Wizenoze platform provides everything you need to create world-class content for children.
  • Overstory — Overstory applies artificial intelligence to high-resolution satellite imagery to provide real-time analytics of natural resources. We help to prevent forest fires, deforestation, power outages and are on a mission to create a more sustainable environment. Our insights on the quantity and quality of natural resources help to improve decision-makingby electric utility companies, forestry companies and NGOs.
  • New Dawn Bio — New Dawn Bio is a biotechnology research firm that specializes in wood production.
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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: 172
  • Round size: Seed $549k–$5.9M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • 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.
  • Valuebeat — Grow your culture. Backed by data. Platypus is the HR and recruitment tool that measures cultural drivers of people across the organization to help you qualify decisions on hiring and managing your culture.
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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: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Sweden, United States

Investor stats

  • Total investments: 73
  • Round size: Seed $655k–$7.1M; Pre-Seed $611k–$2.5M; Series A $8M–$16M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Mintago — Home - Mintago
  • Swish Robotics — Embodied Intelligence for the Home
  • Artificial Labs — Build your future placement and underwriting strategy with Artificial's pioneering technology.
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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: Software, SaaS, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: Singapore, Australia, India

Investor stats

  • Total investments: 47
  • Round size: Seed $979k–$4.7M; Series A $1.6M–$20M; Series B $7M–$25M
  • Lead/follow: 32% lead, 68% 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.
  • Supermom — Supermom is the digital platform designed by and for moms, providing recommendations on products and services through a community of moms. lt...
  • Furhat Robotics — Furhat Robotics is a humanoid robotics and conversational AI company, building the next generation of humanoid robots with with human-level conversational and social skills. We believe that face-to-face interaction is a basic human need. Even a driver for quality of life and mental health. We believe that technologies like robots need to interact with people on human terms.
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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, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 194
  • Round size: Seed $1.3M–$6.2M; Series A $3.3M–$21M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Gesynta Pharma — Founded in 2017, Gesynta Pharma bases its R&D on research from the Karolinska Institutet. The most advanced drug candidate, GS-248, reduces inflammation and increases blood flow in the microvasculature, thereby having the potential to provide improved treatments for several serious diseases. In an ongoing clinical proof-of-concept study,GS-248 is being evaluated for its capacity to normalize vascular blood flow and reduce pain in patients with the autoimmune disease systemic sclerosis. Positive results from this study may lead to a rapid broadening of the development program towards additional indications, for example cardiovascular diseases and rheumatic diseases other than systemic sclerosis. Major shareholders include Industrifonden, Linc, Hadean Ventures, and a number of successful life science entrepreneurs. For more information, please visit www.gesynta.se
  • Peafowl Plasmonics — IOSBET menyediakan akses slot demo Pragmatic resmi dengan pilihan game terbanyak, pendaftaran mudah, sistem aman, serta pengalaman bermain nyaman tanpa risiko.
  • 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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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 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, Biotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 22
  • Round size: Seed $270k–$5.5M
  • Lead/follow: 41% lead, 59% 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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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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SF Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

SF Ventures is a venture capital firm.

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Investment focus

  • Industry: Information Technology, Software, Property Management
  • Stage:Pre-Seed
  • Geography: Sweden, Norway

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • laiout — We are a team of entrepreneurs tasked with reducing the time and frustration involved when designing early stage floor plans for large developments and existing properties.With support from world's biggest early-stage VC and several of our international future clients our team is helping to optimize this tedious architectural design phasesaving up to 20 weeks of time while providing more and better solutions.
  • Vinden Storage — Enkel, billig och smart magasinering!
  • xNomad — Find retail shops to rent in Stockholm, Copenhagen, Olso, Helsinki and across the Nordics. Choose from prime retail spaces rent, retail & pop-up shops, shopping centre and event spaces.
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Vantaan Energia
VC Fund · Vantaa, Southern Finland, Finland · 1 investments in Sweden Machine Learning startups

Vantaan Energia is one of Finland's largest urban energy companies.

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Investment focus

  • Industry: Automotive, Electronics, Mobile Apps
  • Stage:Seed, Private Equity
  • Geography: Finland, Sweden

Investor stats

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

Portfolio highlights

  • Myrspoven — Transform your building with Myrspoven's AI-driven solutions. Reduce energy costs, enhance sustainability, and lower emissions with advanced technology.
  • Virta — The Virta platform for electric vehicle charging gives you an accelerated and cost-effective channel to launch, operate, and grow an EV charging business.
  • Carbonaide — Carbonaide offers the most effective and robust carbonization technology for pre-cast concrete manufacturers.
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Tiny Supercomputer Investment Company
VC Fund · San Francisco, California, United States · 1 investments in Sweden Machine Learning startups

Backing great companies when they're tiny

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Investment focus

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

Investor stats

  • Total investments: 149
  • Lead/follow: no public data

Portfolio highlights

  • Along AI — Join our waitlist and try it first!
  • IXI — Discover adaptive glasses with autofocus lenses that adjust to your viewing needs, providing seamless clarity at any distance.
  • Motley — Manual reporting costs business teams 2.4 billion hours a year. Get your time back with Motley, your AI reporting assistant.
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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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Balderton Capital
VC Fund · London, England, United Kingdom · 1 investments in Sweden Machine Learning startups

In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and have raised eight funds totalling more than $3bn.

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Investment focus

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

Investor stats

  • Total investments: 394
  • Round size: Series A $5M–$30M; Series B $9.3M–$100M; Series C $15M–$150M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely actively investing — fresh fund, raised $615M in 2024

Portfolio highlights

  • Luno — Join millions buying, trading and storing Bitcoin, Ethereum and other cryptocurrencies on Luno. Invest today.
  • Prodigy Finance — Get a student loan from Prodigy Finance without collateral or co-signer, to study at one of 1800+ schools around the world.
  • Quantum Systems — Our vision is to become the global leader in providing aerial data for decision making by the use of our drones.
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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
  • 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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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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Permak AB
VC Fund · 1 investments in Sweden Machine Learning startups

Investor in tech companies

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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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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
  • 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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Lindeblad Venture
VC Fund · 1 investments in Sweden Machine Learning startups

Lindeblad Venture is an investment firm.

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Investment focus

  • Industry: Internet, Machine Learning, Internet of Things
  • Stage:Series A
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Ekkono Solutions — Ekkono does Edge AI software as it should be. Not only doing inference of models but also doing training of machine learning models at the edge. This unique incremental learning capability enables custom training onboard every device and federated learning between them. Fast and easy to develop and deploy smart, self-learning and predictive features for your products, empowering a faster transition from programmable to adaptive, personalized and predictive automation with a tiny footprint.
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Investment AB Spiltan
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

Investment AB Spiltan is a Swedish venture capital and private equity firm. The company, which is based in Stockholm, provides multi stage financing to businesses based within Sweden. The company will invest between SEK1 million ($125,000) and SEK10 million ($1.25 million), with a preferred investment amount of SEK2 million to SEK4 million($240,000 to $490,000). Potential portfolio companies may come from any sector of industry, as it is more important that the business is a viable investment opportunity. Also important is that the management team is committed and has a strong track record. Businesses will be able to leverage the extensive network of angels and other relevant professionals who can contribute expertise for the development of the portfolio company. AB Spiltan will invest roughly 60% of its capital in private companies and the remaining 40% in firms that have already been listed. Private portfolios will need to demonstrate that there will be realistic opportunity for Spiltan to exit within three to five years. Most of the investments in public companies are done through affiliates such as Health Cap and Procuritas.

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Investment focus

  • Industry: SaaS, Software, Health Care
  • Stage:Series A, Seed
  • Geography: Sweden, United States

Investor stats

  • Total investments: 13
  • Round size: Series A $965k–$12M
  • Lead/follow: 62% lead, 38% follow

Portfolio highlights

  • Qvalia — Business transaction infrastructure for seamless e-invoicing, order messaging, and more with Peppol access, AP automation & data enrichment.
  • United Robots — Automated content for newsrooms generated from data and delivered ready for publication. We develop and support, you publish. Reliability and consistency.
  • NuvoAir — Personalized heart and lung care with remote monitoring, tailored plans, and proven outcomes, empowering patients and providers to improve health together.
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FAM AB
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 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: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
  • 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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Aconterra
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Sweden Machine Learning startups

Aconterra invests in startups and scale-ups active in technologies, platforms, processes and applications, contributing to smart homes and buildings and connecting people and personnel, other IoT driven equipment, installations and other buildings.The target companies also aim to minimize the ecological impact by making homes and buildings moreefficient. Sustainability & energy efficiency is one of our key drivers.Target companies operate on the intersection of IoT, data science, artificial intelligence and sensor technology.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Belgium, Sweden, Estonia

Investor stats

  • Total investments: 11
  • Round size: Seed $873k–$3.8M; Series A $3.2M–$11M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • NineID — NineID provides a biometric access control solution and identity visitor management system that increases businesses' security, compliance, and safety.
  • Bisly — Bisly Scalable Building Automation reduces the overhead for building professionals and makes energy saving easy and affordable.
  • Powerhouse — Powerhouse is your all-in-one solution for turning complex property operations into streamlined, automated workflows. Built on Salesforce for seamless integrations and powerful insights.
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AI Seed
VC Fund · London, England, United Kingdom · 1 investments in Sweden Machine Learning startups

AI Seed is an award-winning AI seed fund with Europe's largest and best-performing portfolio of early-stage AI investments.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, United States, Sweden

Investor stats

  • Total investments: 52
  • Round size: Seed $393k–$3.2M; Pre-Seed $445k–$809k
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Kuano — Kuano provides innovative quantum and AI solutions for drug discovery and design. It offers a discovery platform that combines target quantum mapping and AI-led chemistry to enable the faster development of better drug candidates.
  • RoboK — VC-backed startup developing software solutions and tools for building and validating AI-based perception. The company's vision is to accelerate the deployment of affordable autonomy solutions for automotive and industrial applications.
  • Thingtrax — Realise improved efficiency, quality control, employee safety and productivity by modernising your factories with ThingTrax's AI and IoT
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seed + speed Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Sweden Machine Learning startups, 10 in the past 12 months

Empowering visionary founders with pre-seed and seed funding for B2B software innovation. Partner with us to turn your aspirations into thriving businesses. Our expert support ensures your journey to success.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, Austria, Switzerland

Investor stats

  • Total investments: 80
  • Round size: Seed $1.1M–$5.8M; Pre-Seed $603k–$3.9M; Series A $2.7M–$20M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Covalo — Covalo™ is disrupting how formulation-driven products are developed in the 3 trillion euro consumer goods industry so brands can reduce time to market by scouting ingredients and packaging, collaborating on projects, and purchasing -- all from one place. . Today it's one of the largest beauty ingredient search platforms that connects beautybrands with suppliers of ingredients, packaging, and services such as contract manufacturing, formulation, regulatory, compliance and testing. It also arms suppliers with the tools and real-time industry insights needed to effectively market products. Covalo launched in 2021 and is based in Switzerland.
  • Finperks — Finperks provides a unified API platform that orchestrates prepaid products like gift cards, cashback, employee benefits, and crypto off-ramps for banks, fintechs, HR platforms, and crypto providers.
  • SOUS — One easy-to-use tool to grow traffic, make online sales, seamlessly handle orders and drive retention. Built for food entrepreneurs, built with taste.
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Trind Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Sweden Machine Learning startups

Trind VC is a founder-first venture capital firm investing in early-stage consumer startups across Europe. We back ambitious teams, help them grow, and stay by their side through every stage of the journey.

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Investment focus

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

Investor stats

  • Total investments: 44
  • Round size: Seed $549k–$4.9M; Series A $5.5M–$15M; Venture - Series Unknown $692k–$6.7M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $27M in 2018

Portfolio highlights

  • Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
  • GitHits — GitHits gives AI coding agents access to open-source code
  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
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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: Drones, Power Grid, Machine Learning
  • 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, Ireland, United Kingdom

Investor stats

  • Total investments: 189
  • Round size: Seed $1.1M–$5.5M; Pre-Seed $110k–$3M; Series A $3.3M–$16M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • Pointy — Discover how you can attract customers to your store by showing them your in-store products on Google. Adding your products to Google with Pointy from Google is free, with no hidden costs.
  • Appital — Real-time visibility, full transparency and maximum control over the bookbuilding and deal distribution process in publicly listed equities.
  • Linked Finance — LinkedFinance offers a new and painless way for Irish businesses to borrow money from a large group of real people, including their own customers. Crowd Funding is the new way for companies to borrow, bankers get bypassed, the wheels of business keep turning and everyone wins!Person to Person (P2P) lending or Crowd Funding is simple. Peoplewith money to lend can lend it directly to people who need it. With LinkedFinance lenders can lend directly to small businesses looking for funding. Crowd Funding provides complete transparency to both the lender and borrower and it brings lending back to basics where a lender simply deposits funds and when there are enough funds available loans can be made to credit worthy borrowers.How it Works - Businesses looking for a loan can apply at Linkedfinance.com for funding. The loan required and full details of the business are posted in their market. Potential Lenders can participate in an auction process where they bid on how much of the loan they are prepared to fund and the interest rate they require. The lowest rate bids are accepted so the borrower secures the best interest rate possible.
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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–$724k; Pre-Seed $366k–$611k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Prion — Prion makes it quick and easy for the preschool staff to give parents insight into what happens at preschool - together with the children. The app is available free for iPhone, Android and iPad.
  • Texelio — Texelio a company who is set to redefine financial market news by developing AI which empowers the customers of Retail banks, Online Brokers and Investment Service platforms.
  • Minnemera — Minnemera develops digital neurocognitive tests.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 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: 71
  • Round size: Seed $878k–$5.3M; Series A $1.5M–$12M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • MEGA.AI — MEGA.AI is a SaaS company that is revolutionizing debt collection with AI-powered voice technology, delivering smarter, faster, and more efficient customer interactions. MEGA’s AI Agents provide a precise, compliant, and debtor-friendly solution that manages high call volumes cost-effectively.
  • Standab — Standab is helping cities adopt cleaner, more effective urban mobility systems by offering innovative and eco-friendly parking and charging options, thereby influencing the direction of micromobility.
  • WeWillWrite
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Metaplanet
VC Fund · Tallinn, Harjumaa, Estonia · 1 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: 105
  • Round size: Seed $2.6M–$13M; Series A $5.9M–$43M; Series B $23M–$62M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Kopra Bio — Cancer immunotherapy that turns cancer cells into biofactories minting their own destruction.
  • Zama — Secure data privacy of your application with the Zama Concrete framework and its fully homomorphic encryption library
  • Inherent — Inherent aims to establish the blueprint for AI-native science while investigating the boundaries of scientific inquiry.
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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, Therapeutics
  • Stage:Series B, Series A, Series C
  • Geography: United States, India, Sweden

Investor stats

  • Total investments: 64
  • Round size: Series A $24M–$85M; Series B $21M–$185M; Series C $50M–$120M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Nura Bio — Nura Bio revolutionizes the treatment of neurological diseases with novel, life-changing neuroprotective medicines. Nura Bio was conceived in 2018 by The Column Group and its scientific founders.
  • Ripple Foods — Ripple Foods offers a nutritious & delicious milk alternative that is 100% dairy-free, vegan, nut-, lactose- & gluten-free. Discover more about Ripple milk!
  • Possible Finance — Get money in minutes, build credit history and avoid hidden fees with Possible Finance. Apply in the app with just a few taps and manage money on your terms.
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Vendep Capital
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Sweden Machine Learning startups

We back early-stage B2B SaaS founders in the Nordics & Baltics with capital, expertise, and long-term partnership. See how we invest and support growth.

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Investment focus

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

Investor stats

  • Total investments: 46
  • Round size: Seed $713k–$5.4M; Series A $3.4M–$13M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • GitHits — GitHits gives AI coding agents access to open-source code
  • Agileday — Connect your business elements in one tool and manage your entire operations with Agileday. Match sales, projects, and talent together and optimize your business.
  • Test of Things — Test of Things is to protect customers and society from cyber incidents by making IoT cybersecurity easy and automated. They are building a cloud service that automates security testing so customers can ship secure, compliant products with peace of mind.Their platform integrates security into the development lifecycle, enabling continuous testingthat lowers risks and costs while enhancing reputation.
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Confidus Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Machine Learning startups

Confidus Venture Capital is a Venture Fund designed to outperform. We invest in future winners in digital transformation and automation.Setting the record straight – the quality of an idea and the human capital behind it is far more important than factors such as investment stage, size or profits. We know it from experience working closely withambitious and bold entrepreneurs. Entrepreneurs with the power to change the world! Together we have built disruptive global tech companies challenging industry norms. Delivering outstanding results. Our incentive is only upon success: Our belief in sustainable value creation is so strong we have eliminated management fees!

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Investment focus

  • Industry: SaaS, Payments, Blockchain
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom

Investor stats

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

Portfolio highlights

  • Phyron — Each car has a story. Phyron tells it. Create automated video and image ads that stop the scroll and increase leads - in minutes, not days.
  • EvoluteIQ — Transform your business with EvoluteIQ's Agentic automation platform. EIQ is a scalable, secure, initiative, adaptive platform.
  • Centiglobe — Centiglobe ​is a decentralized and permissionless cross-border payment system. Value can be transacted and transferred globally, at near-instant speed, using a blockchain-based decentralized exchange. The system lets custodians issue blockchain assets that represent a promissory value, and any user can realize this value at any time using theblockchain protocol. This feature gives users the freedom to access a multi-directional foreign exchange market without any delays. Centiglobe's primary purpose is to facilitate a vibrant global economy that is more transparent, open, and collaborative than the centralized legacy systems of today. With Centiglobe’s new parallelized consensus algorithm, thousands of transactions can be settled each second, while at the same time significantly reducing the environmental footprint commonly associated with blockchain technology.
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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, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 110
  • Round size: Seed $658k–$5M; Pre-Seed $823k–$2.6M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • AG5 — AG5 provides a complete skills management platform and training matrix software to map, track, and develop employee competencies. Optimize your workforce with AG5.
  • Trengo — Shared Multi-Channel Team Inbox
  • Sonomo — Invest in music royalties and earn monthly dividends. Thousands of assets to trade from and build a balanced portfolio. Start today.
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Machine Learning VC funding in Sweden at a glance

Stats across 106 deals from 113 investors.

113
investors
in Sweden Machine Learning startups
106
deals
in Sweden Machine Learning startups
$1.9M
median round
in Sweden Machine Learning startups
50%
lead investors
lead at least one round
38%
Seed
most common funding stage

Access all 113 VC funds in Sweden Machine Learning startups.

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