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Top 50 Manufacturing Startup Investors in Sweden (October 2026)

The most active venture capital funds and angel investors investing in Sweden Manufacturing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Manufacturing startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Almi Invest
VC Fund
65 Sweden, Norway, United States Venture - Series Unknown, Seed Software, Health Care, Information Technology $226k–$3.5M
Chalmers Ventures AB
VC Fund
29 Sweden, United States Pre-Seed, Seed, Venture - Series Unknown Software, Biotechnology, Information Technology $5.8k–$3.5M
Partnerinvest Norr
VC Fund
9 Sweden, United States Seed, Venture - Series Unknown Software, Manufacturing, Information Technology $359k–$4M
Industrifonden
VC Fund
8 Sweden, United States, Denmark Series A, Venture - Series Unknown Biotechnology, Software, Information Technology $2.5M–$21M
Navigare Ventures
VC Fund
7 Sweden, Denmark Seed, Venture - Series Unknown, Series A Biotechnology, Manufacturing, Energy $470k–$21M
Wellstreet
VC Fund
6 Sweden, Norway, Finland Venture - Series Unknown, Seed Software, E-Commerce, Retail $216k–$5M
Creandum
VC Fund
6 Sweden, United States, Germany Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $1.8M–$80M
Course Corrected
VC Fund
5 Sweden, United States, Finland Seed, Venture - Series Unknown, Pre-Seed Energy, Renewable Energy, Manufacturing $531k–$45M
Ackra Invest
VC Fund
4 Sweden, Ireland Venture - Series Unknown, Seed Manufacturing, Software, Information Technology $235k–$4M
Antler
VC Fund
4 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
J12
VC Fund
4 Sweden, Norway, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$30M
EISMEA
VC Fund
4 Spain, Italy, United Kingdom Grant, Venture - Series Unknown, Seed Manufacturing, Software, Biotechnology $53k–$2.6M
Mount Wilson Ventures
VC Fund
4 United States, France, Sweden Seed, Series A, Pre-Seed Chemical, Manufacturing, Artificial Intelligence $100k–$12M
Luminar Ventures
VC Fund
4 Sweden, Norway, United States Seed, Series A, Pre-Seed Software, Information Technology, SaaS $420k–$21M
Norrsken VC
VC Fund
4 Sweden, United Kingdom, Germany Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Health Care $893k–$156M
NordicNinja VC
VC Fund
3 Sweden, Finland, Estonia Series A, Series B, Seed Artificial Intelligence, Information Technology, Software $1.9M–$62M
Almi Invest GreenTech
VC Fund
3 Sweden, United States Seed, Venture - Series Unknown, Series A Environmental Consulting, Energy, Chemical $500k–$12M
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $907k–$11M
Gustaf Hagman
Angel
3 Sweden Pre-Seed, Seed Robotics, Software, Marketing $358k–$3.6M
Propel Capital
VC Fund
3 Sweden, United States, Norway Convertible Note, Pre-Seed, Seed Software, E-Commerce, Health Care $24k–$615k
Midroc New Technology
VC Fund
3 Sweden Seed, Series A Energy, Renewable Energy, Manufacturing
Bånt AB
VC Fund
3 Sweden Seed Biotechnology, Manufacturing, Food Processing $1.3M–$9.1M
FBG Invest
VC Fund
3 Sweden Seed Biotechnology, Manufacturing, Food Processing $1.3M–$9.1M
KTH Holding
VC Fund
3 Sweden, United Kingdom Venture - Series Unknown, Seed, Pre-Seed Software, Information Technology, Health Care $23k–$5.5M
BackingMinds
VC Fund
3 Sweden, Denmark, Finland Seed, Venture - Series Unknown, Pre-Seed Software, SaaS, Energy $826k–$40M
Investa Företagskapital
VC Fund
3 Sweden Venture - Series Unknown Manufacturing, Hardware, Software
Norrlandsfonden
VC Fund
3 Sweden, United States Venture - Series Unknown, Seed Software, Information Technology, Analytics $504k–$4.7M
Saeid Esmaeilzadeh
Angel
3 Sweden, Denmark Seed, Pre-Seed Legal, Advice, Internet $286k–$3.6M
Magnus Nilsson
Angel
2 Sweden, United States Seed, Angel, Series A Apps, Banking, FinTech
Jacob De Geer
Angel
2 Sweden, United States, United Kingdom Seed, Series A FinTech, Internet, Financial Services $549k–$16M
Colibri Ventures
VC Fund
2 Sweden, Mexico Seed, Series A, Venture - Series Unknown Gaming, Finance, Wellness $6M–$6M
Rikard Steiber
Angel
2 Sweden, United States, Czech Republic Seed, Angel, Pre-Seed Software, Virtual Reality, Artificial Intelligence $150k–$15M
Mosaic Ventures
VC Fund
2 United Kingdom, United States, Germany Series A, Series B, Seed Software, Artificial Intelligence, Financial Services $1.9M–$69M
Alexander Hars
Angel
2 Sweden, Norway, Germany Seed, Pre-Seed, Venture - Series Unknown Software, E-Commerce, SaaS $107k–$7.1M
Pär Svärdson
Angel
2 Sweden Angel, Seed Beauty, Fashion, Seafood $160k–$3.4M
Forward Venture Capital
VC Fund
2 United States, Sweden, Denmark Seed, Series A, Pre-Seed Software, E-Commerce, Financial Services $150k–$14M
Cristina Stenbeck
Angel
2 Sweden, Germany, United Kingdom Seed, Series A, Venture - Series Unknown Software, Fashion, Lifestyle $400k–$2.8B
Karl L E Engelbrektson
Angel
2 Sweden Seed, Angel Manufacturing
Otto Jettman
Angel
2 Sweden Seed, Pre-Seed Shoes, Manufacturing
Glass Wall Syndicate
VC Fund
2 United States, India, Sweden Seed, Pre-Seed, Series C Biotechnology, Food and Beverage, Health Care $845k–$5.7M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$62M
Tobias Emanuelsson
Angel
2 Sweden Seed, Series A, Series B Software, CleanTech, Information Technology $1.3M–$11M
Eqvitec
VC Fund
2 Finland, Sweden, United Kingdom Series A, Seed Software, Enterprise Software, Information Technology $3.1M–$3.6M
Scania Growth Capital
VC Fund
2 Sweden, Germany, Canada Series A, Venture - Series Unknown, Series B Manufacturing, Logistics, Industrial Automation $1.4M–$600M
Kale United
VC Fund
2 Sweden, United Kingdom, Canada Seed, Pre-Seed Food and Beverage, Food Processing, Biotechnology $100k–$2.5M
Rubio Impact Ventures
VC Fund
2 The Netherlands, United Kingdom, Germany Seed, Series A, Venture - Series Unknown Software, Education, Renewable Energy $1.1M–$30M
IMAS Foundation
VC Fund
2 Sweden Series B, Series A, Grant CleanTech, Clean Energy, Manufacturing $44M–$600M
SEB Venture Capital
VC Fund
2 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.2M–$23M
EXOR N.V.
VC Fund
2 United States, Italy, France Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $320k–$60M
Innovations Kapital
VC Fund
2 Sweden, Denmark, United States Series B, Series C Biotechnology, Health Care, Software $5.5M–$30M
Access all 532 investors in Sweden Manufacturing 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 · 65 investments in Sweden Manufacturing 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: 552
  • Round size: Seed $226k–$2.2M; Venture - Series Unknown $326k–$3.5M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $64M in 2024

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
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Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 29 investments in Sweden Manufacturing startups

We are a leading tech investor & venture builder in the Nordics. Taking deep tech from lab to market.WELCOMEINVESTMENTS

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Investment focus

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

Investor stats

  • Total investments: 282
  • Round size: Seed $237k–$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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Partnerinvest Norr
VC Fund · Piteå, Norrbottens Lan, Sweden · 9 investments in Sweden Manufacturing startups

Partnerinvest Norr is a private equity firm specialized in software, security, and biometrics sectors. Partnerinvest Övre Norrland AB is a venture capital firms that seeks to invest in limited companies which have are in the expansion phase.

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Investment focus

  • Industry: Software, Manufacturing, Information Technology
  • Stage:Seed, Venture - Series Unknown
  • Geography: Sweden, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $554k–$2M; Venture - Series Unknown $359k–$4M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $32M in 2009

Portfolio highlights

  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
  • Original Creation — Original Creation envisions a sustainable future in which capital is focused on long-term benefits for both people and the environment, and resources are properly managed through circular systems."
  • Remos Space Systems — Remos Space Systems simplifies satellite ground operations.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 8 investments in Sweden Manufacturing startups

Industrifonden is a Nordic evergreen venture capital firm with a fund size of $600m, that focuses on early-stage technology and life science companies with international potential. The company works long term with the entrepreneurs we invest in, and have a strong track record of building game changing companies. Industrifonden-backed companies include tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

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Investment focus

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

Investor stats

  • Total investments: 205
  • Round size: Series A $3.3M–$21M; Venture - Series Unknown $2.5M–$20M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Yangi — Yangi is a provider of environmentally friendly packaging solutions.
  • 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.
  • Fishbrain — Join over 14 million anglers using Fishbrain. Fishbrain is the world's #1 fishing app for finding fishing spots, forecasts, socializing, logging catches & more. Fish smarter with Fishbrain.
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Navigare Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 7 investments in Sweden Manufacturing startups, 7 in the past 12 months

Welcome to Navigare Ventures. We invest in transformational early-stage companies at the frontier of science and technology.

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Investment focus

  • Industry: Biotechnology, Manufacturing, Energy
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Sweden, Denmark

Investor stats

  • Total investments: 31
  • Round size: Seed $470k–$6M; Series A $7.3M–$21M; Venture - Series Unknown $858k–$8.5M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • TERASi — Scalable hardware for 6G and beyond.
  • EnginZyme — Enzymatic chemistry for cleaner ingredients in personal care, food and pharma. Enginzyme's patented EziG platform makes enzymes work at industrial scale.
  • Pixelgen Technologies — Understand the role of proteins in cellular organization with spatial proteomics. Get ahead in the field of proteomics with us.
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Wellstreet
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Manufacturing startups

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

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Investment focus

  • Industry: Software, E-Commerce, Retail
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, Finland

Investor stats

  • Total investments: 66
  • Round size: Seed $216k–$1.4M; Venture - Series Unknown $319k–$5M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • Deedster — Accelerate your business by connecting and engaging your audience and employees with sustainability data, insights, and actions.
  • Key Ward — Accelerate your engineering projects with data intelligence. Mitigate the risk of late stage failures in your AI adoption journey with our no-code platform.
  • Berget AI — EU-compliant inference service and AI infrastructure built by developers for developers.
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Manufacturing startups, 22 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, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, United States, Germany

Investor stats

  • Total investments: 326
  • Round size: Seed $1.8M–$19M; Series A $5.3M–$35M; Series B $10M–$80M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $545M in 2024

Portfolio highlights

  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
  • Causa Prima — Causa Prima develops software to help finance teams handle both sides of every transaction on one network. The company's AI agents handle invoicing, disputes, and discounts on behalf of clients. It provides a network for the financial operations of businesses.
  • Scarlet — Scarlet certifies software medical devices. We’re Europe's only Notified Body specialised in software and AI, and have crafted a certification process that is built for software, and is thus significantly more efficient.This is how we deliver on our mission to hasten the world’s transition to accessible healthcare: by enabling manufacturersto release their medical software and AI to those who need it without unnecessary delays.We are designated as a UK Approved Body by the MHRA, and an EU Notified Body by the Dutch Ministry of Health and the European Commission.
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Course Corrected
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 30
  • Round size: Seed $705k–$9.1M; Pre-Seed $531k–$8.2M; Venture - Series Unknown $6.4M–$45M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely actively investing — fresh fund, raised $66M in 2024

Portfolio highlights

  • Tavion — Critical energy storage infrastructure for a sustainable future.
  • Holyvolt — Our mission is to provide the world with high-efficiency renewable energy solutions at an affordable cost and with minimal environmental impact.
  • Hyperion Robotics — We are accelerating the transition to sustainable and automated construction with Concrete 3D Printing.
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Ackra Invest
VC Fund · Skellefteå, Vasterbottens Lan, Sweden · 4 investments in Sweden Manufacturing startups

Ackra Invest AB is a venture capital and private equity firm specializing in late venture, growth capital and turnaround investments. The firm does not have a sector preference and seeks to invest in small and middle sized companies based in Norrland; the Northern region of Sweden. It does not provide loans or invest in seed or early venture. The firm takes minority stakes, between 10 percent and 49 percent and invests between SEK1 million ($0.13 million) and SEK8 million ($1.02 million). It invests in equity or convertible loans and can perform co-investments. The firm seeks to exit its investments within seven years. Ackra Invest AB was founded in 2005 and is based in Skellefteå, Sweden.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Venture - Series Unknown $235k–$4M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Purpefox — Online photo services
  • Fortlax AB — Fortlax is Northern Sweden's data center with three world-class facilities just outside Piteå. We help companies grow using smart IT and cloud services. We store data in highest-class facilities at a location where risk analysis shows extremely low risk of natural disasters. In addition, we operate all our facilities with 100% green energy anduse natural cooling for large parts of the year. Fortlax AB has over the past fiscal year more than tripled its revenue and shows profit.
  • System glass — Systemglas Produktion AB always puts the customer at the center. Our policy is to be able to produce in a wide range and to be a reliable and delivery-proof producer. We are looking forward to glass masters, door and window cutters, interior design companies and other companies that need our products. The delivery area is essentially northernSweden - but we are of course supplying the whole country. Systemglas Produktion AB is a certified fire glass supplier of Glaverbel fire glass and of course we are P -labeled.
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Antler
VC Fund · Singapore, Central Region, Singapore · 4 investments in Sweden Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 2387
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; 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

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • Plouton AI —
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Manufacturing startups, 6 in the past 12 months

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Camphouse — Camphouse unifies media planning, budgets, activation and reporting in one platform, so advertisers and agencies plan with clarity and control.
  • Volve — Understand risk before you price, prove coverage before you submit, protect margin before you sign. AI that connects documents, drawings and BIM models.
  • 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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EISMEA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Sweden Manufacturing startups

EISMEA is an executive agency of the European Commission that implements European Union programs supporting innovation, small and medium-sized enterprises, and the Single Market. The agency manages the European Innovation Council and European Innovation Ecosystems programs under Horizon Europe. It also implements the SME component of the Single Market Programme and the Interregional Innovation Investments instrument. EISMEA provides funding and support for innovators, researchers, businesses, regions, and other organizations through grants, procurement, investment, and advisory programs. Its activities cover innovation development, SME competitiveness, entrepreneurship, market access, consumer policy, standardization, and interregional innovation. The agency also supports the implementation of EU policies and programs related to innovation ecosystems and economic development.

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Investment focus

  • Industry: Manufacturing, Software, Biotechnology
  • Stage:Grant, Venture - Series Unknown, Seed
  • Geography: Spain, Italy, United Kingdom

Investor stats

  • Total investments: 3546
  • Round size: Seed $53k–$800k; Grant $54k–$2M; Venture - Series Unknown $573k–$2.6M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • AGADE — Esoscheletri Agade | Il primo esoscheletro intelligente per lavoratori progettato per ridurre il rischio di disturbi muscolari delle spalle nella movimentazione manuale dei carichi.
  • BroadBit Batteries — BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy.
  • Aenitis Technologies — We develop innovative devices for cells therapy processing using Acoustic Radiation Forces.
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Mount Wilson Ventures
VC Fund · Pasadena, California, United States · 4 investments in Sweden Manufacturing startups

MWV invests in early-stage startups solving well-defined problems in large markets with solutions built on a foundation of intellectual property and proven science.

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Investment focus

  • Industry: Chemical, Manufacturing, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, France, Sweden

Investor stats

  • Total investments: 20
  • Round size: Seed $675k–$3M; Pre-Seed $100k–$300k; Series A $12M–$12M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $5M in 2016

Portfolio highlights

  • SweGaN — SweGaN's vision is to be a world leading supplier of nitride based HEMT structures. By integrating SweGaN´s technology into every single epitaxial wafer they deliver, they believe that your devices will fulfill all demands required in next generation's high power and high frequency devices.SweGaN's founders all come fromLinköping University and have more than 50 man-years experience in growth and characterization of GaN and SiC materials.SweGaN is in a highly expansive phase and they are always looking for skilled and very focused individuals with large experience in the field. If you are interested in working in a challenging and dynamic atmosphere please send us an e-mail.
  • Thiozen — Thiozen develops novel hydrogen gas production technology designed to reduce greenhouse gases. It uses a new chemical process that converts hydrogen sulfide to hydrogen gas, thereby enabling clients to avoid both the carbon emissions inherent to hydrogen production from natural gas and the high costs associated with hydrogen production fromelectrolysis.The company was founded in 2020 and is based in Belmont, Massachusetts.
  • dRISK — Testing and training Autonomous Vehicles to make AVs safe in the modern world. We retrain Autonomous Vehicles to respond to high risk events and beyond.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Manufacturing 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, Pre-Seed
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $960k–$5.4M; Pre-Seed $420k–$4M; Series A $8.3M–$21M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $69M in 2023

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Ivy Interactive — Ivy is the the AI-first open source .NET framework that helps developers build powerful internal tools faster without reinventing the wheel.Ivy is an open-source tool that makes it incredibly easy to create and deploy .NET applications, powered by AI. Start building smarter applications faster. AI powered .Net development. The ultimate toolkitfor building internal apps - App Generator Turn any database into full-featured backoffice applications in minutes with AI. - Database Generator - Design, build and deploy production quality databases models with AI. - Add Authentication - Ivy provides a variety of build in authentication providers to add sign in to your apps. - Dashboard Generator- Build and deploy dashboard in minutes. - One-Click Cloud Deploy - Deploy to Azure, AWS or GCP in seconds.
  • 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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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Manufacturing startups

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 110
  • Round size: Seed $893k–$14M; Series A $4.4M–$52M; Venture - Series Unknown $1.1M–$156M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $346M in 2024

Portfolio highlights

  • Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
  • Endra — Endra is a purpose-built platform for modern MEP engineering. Generate 3D models and drawings, sync with Revit and enjoy coordinated design workflows.
  • Sava Technology — SAVA is reinventing health monitoring with a novel biosensing platform enabling real-time, affordable, and painless molecular monitoring.
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NordicNinja VC
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
  • RedpineAI — Your agent reads the whole paper, not just the abstract. Licensed peer-reviewed full text in medicine, chemistry, and materials science, behind one endpoint.
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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Almi Invest GreenTech
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Manufacturing startups

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

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $500k–$4.7M; Series A $2.2M–$12M; Venture - Series Unknown $1.3M–$11M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Yangi — Yangi is a provider of environmentally friendly packaging solutions.
  • EnginZyme — Enzymatic chemistry for cleaner ingredients in personal care, food and pharma. Enginzyme's patented EziG platform makes enzymes work at industrial scale.
  • Hydro Diagnostics — Hydro Diagnostics is an innovative biotechnology company dedicated to improving water safety through rapid bacterial detection and point-of-use filtration systems. The company bridges the gap between laboratory testing and field operations by delivering fast, on-site diagnostics driven by modern technology
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Manufacturing startups

Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

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

Portfolio highlights

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

Gustaf Hagman CEO and Co-founder - LeoVegas Group

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Investment focus

  • Industry: Robotics, Software, Marketing
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 4
  • Round size: Seed $3.6M–$3.6M; Pre-Seed $358k–$1M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • STILFOLD — The future of electric mobility
  • Fieldstream — SaaS Marketing Analytics
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Propel Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Mother — Mother is a deep-tech mental health company that aims to fill the niche between conventional health services and self-help approaches.
  • Seaqure Labs AB — Seaqure Labs is a biotech startup utilizing mycoproteins as the solution for current unsustainable methods within aquaculture. Grounded in the fundamental principles of the circular economy, the technology empowers us to manufacture sustainable, economically viable ingredients, great for the planet and great for fish.
  • Freya Industries — Freya Industries builds the intelligence layer for physical security: connected sensors and the platform that turns what they capture into actionable insights
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Midroc New Technology
VC Fund · Solna, Stockholms Lan, Sweden · 3 investments in Sweden Manufacturing startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Kärnfull — The Nordic region's very first 100% nuclear electricity provider. An ecorational tech-enabler raising funds to science and R&D in next-gen nuclear via every delivered kilowatt-hour. Currently active in Sweden and Denmark, with Midroc New Technology as minority owners. Driven by a rapid organic growth, supplying thousands of householdsand SMEs with the cleanest energy available (Swedish nuclear, 2,5g CO2/kWh) by means of a fully digital service and Guarantees of Origin (GOOs). Supported by pro-bono advisors José Gonzalez (artist), Caroline Cochran (Oklo), Steven Pinker (Harvard), Christian Ekberg (Chalmers), Kirsty Gogan (TerraPraxis), Eric Ingersoll (LucidCatalyst), Johan Carlsson (producer), Klara Insulander Björk (Chalmers).
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
  • Reliefed Technologies — Reliefed offers non-metallic flow plates as an affordable and sustainable alternative for heat exchangers, fuel cells, electrolysers, cold plates, etc.
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Bånt AB
VC Fund · 3 investments in Sweden Manufacturing startups

Bånt AB

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Investment focus

  • Industry: Biotechnology, Manufacturing, Food Processing
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Round size: Seed $1.3M–$9.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mycorena — Mycorena is a fungi-based, next-generation vegan protein and food manufacturing solution to plants, using significantly less resources. Mycorena was established in 2017 and is headquartered in Gothenburg, Sweden.
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FBG Invest
VC Fund · 3 investments in Sweden Manufacturing startups

FBG Invest

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Investment focus

  • Industry: Biotechnology, Manufacturing, Food Processing
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Round size: Seed $1.3M–$9.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mycorena — Mycorena is a fungi-based, next-generation vegan protein and food manufacturing solution to plants, using significantly less resources. Mycorena was established in 2017 and is headquartered in Gothenburg, Sweden.
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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Manufacturing 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: 50
  • Round size: Seed $55k–$5.5M; Pre-Seed $23k–$27k; Venture - Series Unknown $1.1M–$1.6M
  • Lead/follow: 18% lead, 82% 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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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Manufacturing startups

We help great minds unleash their full potential!

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Investment focus

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

Investor stats

  • Total investments: 37
  • Round size: Seed $854k–$3.7M; Pre-Seed $826k–$8.2M; Venture - Series Unknown $1.3M–$40M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $52M in 2022

Portfolio highlights

  • Tavion — Critical energy storage infrastructure for a sustainable future.
  • SNERPA Power — SNERPA Power develops intelligent energy services.
  • Helios Innovations — Helios offers on-site industrial waste management of liquid waste. Reduce waste volume by up to 90% without investment.
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Investa Företagskapital
VC Fund · Sundsvall, Vasternorrlands Lan, Sweden · 3 investments in Sweden Manufacturing startups

Investa Företagskapital is a venture capital company focusing on small and medium sized expanding companies.

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Investment focus

  • Industry: Manufacturing, Hardware, Software
  • Stage:Venture - Series Unknown
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Aim Sweden — AIM Sweden is a modern company that uses additive manufacturing (3D printing) to create products with complex structures. The company makes impossible things possible. It offers its customers unprecedented flexibility in the design and manufacturing of components in metals and polymers using additive manufacturing technology for industry andmedical technology application.
  • ArtBoard AB — Artboard AB manufactures, develops and sells sandwich constructions of fiber composite; roofs, walls and floors for trains and ships. Nearly 95 percent of sales are made on exports focusing on the Chinese market and Europe.Innovation has always been at the heart of the company. A team of development and engineering professionals continuously workon new, improved and/or more cost-competitive solutions. We work closely with our customers to produce high quality products for their specific applications. The major part of Artboard AB products are exported all over the World. Artboard AB offer consulting services with technical support based on our knowledge and experience. Largest markets are Europe and Asia. Company presentation.
  • Absolicon Solar Concentrator — Absolicon Solar Concentrator AB produces and installs solar energy systems. It offers solar concentrators and collectors. The company provides X10, which produces electricity and heat for hot tap water, heating, heat-powered air conditioning, and desalination or process heat applications. Its products are used in photovoltaic thermal applications,hotels, hospitals, apartment buildings, sport centers, industries, airports, restaurants, and supermarkets in southern Europe. Absolicon Solar Concentrator AB was founded in 2007 and is based in Härnösand, Sweden.
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Norrlandsfonden
VC Fund · Luleå, Norrbottens Lan, Sweden · 3 investments in Sweden Manufacturing startups

Norrlandsfonden is a foundation that promotes the development of companies with growth ambitions. They offer flexible prime loans for new establishments, development, and expansion. They provide the opportunity for offensive and forward-looking investments and enable companies and people to grow.

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Investment focus

  • Industry: Software, Information Technology, Analytics
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $504k–$1.8M; Venture - Series Unknown $718k–$4.7M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Big Akwa — Big Akwa is a food-tech company that develops circular aquaculture systems by integrating land-based fish farming with industrial symbiosis to increase efficiency, sustainability, and resource use. The company’s approach uses waste streams such as low-temperature industrial heat to warm fish farm water and repurposes nutrient-rich recirculatingwater into industrial processes, supporting a closed-loop production model that reduces energy consumption and limits environmental discharge. Big Akwa focuses on producing locally farmed fish through systems designed to optimize growth rates and lower operational costs while converting byproducts into valuable inputs for partner industries. Its work supports planning, engineering, and pre-construction phases for large-scale aquaculture facilities that aim to supply sustainable protein with reduced carbon footprints and enhanced resource efficiency. The company collaborates with technical partners, investors, and industrial operators to advance project design, secure permits, and prepare for commercial-scale deployment of its land-based fish farming concepts. Big Akwa’s model aligns aquaculture production with circular economy principles to address food security, environmental performance, and scalable food-tech innovation.
  • Flasheye — Flasheye has proven technology from the automotive, defense, and robotics industries into industrial applications.
  • Crosser — Low Code Platform, purpose-built for real-time processing of streaming data for Industrial IoT and Intelligent Workflows.
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Saeid Esmaeilzadeh
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Manufacturing startups

Saeid Esmaeilzadeh

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Investment focus

  • Industry: Legal, Advice, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark

Investor stats

  • Total investments: 7
  • Round size: Seed $286k–$3.6M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Shine — Ageras redefines administration for small businesses by integrating banking, accounting, and tax filing in a single platform.
  • STILFOLD — The future of electric mobility
  • Denjo Dogs — Denjo Dogs offer a selected assortment of designer dog products for modern, conscious homes. Stylish dog collars, luxury dog leads and more.
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Magnus Nilsson
Angel · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Magnus Nilsson a Swedish serial entrepreneur and the founding COO of iZettle, the fast-growing payments company whose first service whose first service consists of an app, a chip-card reader and a free business management software tool, the iZettle Portal. iZettle lets anyone take card payments and manage and grow their business. Magnus started hiscareer at the EF Education Group, where he headed up commercial activities in the US. He then became President of EF Europe and subsequently Executive Vice President of the EF Education Group. Magnus was with EF Education for over 13 years. After leaving EF Education in 1996, Magnus was part of the founding team and also worked as an executive director at Novestra AB, a publicly listed investment company, as CEO at Wayfinder Systems, a consumer technology company and as founder and Chief Executive at Nordic Wireless, an investment company focusing on opportunities in the TIME (Telecom, Internet, Media and Entertainment) industries. Under Magnus’s leadership, Wayfinder floated on the Swedish stock exchange and the company was acquired by Vodafone in February 2009.Since January 2010, Magnus is fully focused on his work with iZettle. The mission is to democratise card payments and give individuals and small businesses the possibility to accept card payments in a simple, affordable and secure way.

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Investment focus

  • Industry: Apps, Banking, FinTech
  • Stage:Seed, Angel, Series A
  • Geography: Sweden, United States

Investor stats

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

Portfolio highlights

  • Airmee — Airmee provides a new last mile delivery solution. Whether you want to integrate Airmee into your webshop or simply book a local delivery today, we’ve got you covered. Airmee gives customers more – a great deal more – choice and convenience. Items when you want them. Where you want them. In as fast as an hour.
  • Holyvolt — Our mission is to provide the world with high-efficiency renewable energy solutions at an affordable cost and with minimal environmental impact.
  • MAJORITY — MAJORITY is the first digital financial service dedicated to serving migrants worldwide. For $5 a month, MAJORITY members in the U.S. receive an FDIC-secured account, VISA® debit card, use of more than 55,000 ATMs across North America, remittance and international calling, native language advisors, and access to our network of community meet-upspaces, local discounts and events. With MAJORITY, there are never overdraft fees or minimum balance requirements. MAJORITY was started in Sweden by a diverse team of banking, fintech, payments, and telecom executives serving immigrant communities globally for the last 15 years. MAJORITY’s U.S. headquarters are in Houston, Texas.
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Jacob De Geer
Angel · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Jacob de Geer is a Swedish serial entrepreneur and co-founder and CEO of iZettle, the fast-growing mobile payments company that lets anyone take card payments and manage and grow their business. Before starting iZettle, Jacob was the first employee at performance marketing firm TradeDoubler. Here he helped to build one of the largest advertisingnetworks in Europe before leaving to co-found movie sharing firm, Ameibo, and Tre Kronor Media, an award-winning communications agency. Both companies were acquired in 2010. Now, Jacob is fully focused on democratising payments around the world through his latest venture, iZettle.

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Investment focus

  • Industry: FinTech, Internet, Financial Services
  • Stage:Seed, Series A
  • Geography: Sweden, United States, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $549k–$16M; Series A $9.4M–$15M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Gilion — Gilion (Formerly known as Ark Kapital) is creating custom growth loans that helps founders protect equity. Because founders who remain in control, are hard to overtake.
  • Meitner — Meitner is a swedish edu-tech startup building a complete solution for all kind of schools.
  • Holyvolt — Our mission is to provide the world with high-efficiency renewable energy solutions at an affordable cost and with minimal environmental impact.
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Colibri Ventures
VC Fund · Solna, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Colibri Ventures invest in early-stage life science companies and help accelerate their innovations into commercial products.

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Investment focus

  • Industry: Gaming, Finance, Wellness
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Sweden, Mexico

Investor stats

  • Total investments: 4
  • Round size: Seed $6M–$6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mundi — Mundi provides financial, trade development, strategy, freight and reinventing international trade services.
  • Mindforce Game Lab — Mindforce Game Lab creates meaningful games with characters that act as companions on the journey to better health.
  • Pixelgen Technologies — Understand the role of proteins in cellular organization with spatial proteomics. Get ahead in the field of proteomics with us.
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Rikard Steiber
Angel · Atherton, California, United States · 2 investments in Sweden Manufacturing startups

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

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Investment focus

  • Industry: Software, Virtual Reality, Artificial Intelligence
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Sweden, United States, Czech Republic

Investor stats

  • Total investments: 19
  • Round size: Seed $150k–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Incredible — Talk to your apps and automate tasks
  • Flox Intelligence — FLOX is bringing cutting-edge technology and Generative AI to wildlife management, addressing the challenges of human-wildlife coexistence across diverse landscapes.By streamlining and simplifying wildlife management workflows, we empower organizations to keep wild animals away from areas where they pose risks, such as airports, railways, roads,public spaces, agriculture, young forests, and other shared environments. Our autonomous solutions, grounded in advanced wildlife science and powered by Generative AI, ensure safety and efficiency, allowing our clients to focus on their core activities.With FLOX, you can achieve safer, more productive environments, ensuring harmonious coexistence between humans and wildlife.
  • Jetson Aero — Your personal aircraft in aluminium and carbon fibre, powered with eight powerful electric motors.
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Mosaic Ventures
VC Fund · London, England, United Kingdom · 2 investments in Sweden Manufacturing startups

We back founders who are reimagining the world. We invest $1-10m early, in those building daring adventures in Europe.

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Investment focus

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

Investor stats

  • Total investments: 108
  • Round size: Seed $1.9M–$21M; Series A $5M–$26M; Series B $12M–$69M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2018

Portfolio highlights

  • Cortea — Purpose-built AI grounded in auditing standards. Consistent, defensible audits every time. Trusted by DHPG and Mazars.
  • Klarent — Klarent develops an artificial intelligence-powered software testing platform that automates quality assurance for web, iOS, and Android applications. Its platform uses AI agents to identify test scenarios, generate test cases from plain-language instructions or existing documentation, execute test workflows, and maintain tests when application interfaces change. Klarent provides test management features for organising projects, test suites, and test schedules, along with reports containing execution results, screenshots, and logs. The platform supports functional testing, end-to-end testing, regression testing, smoke testing, and continuous integration and delivery workflows. It also integrates with development and collaboration tools such as GitHub, GitLab, Jira, Slack, and Microsoft Teams to connect testing activities with software development processes. Klarent serves organisations across finance, insurance, retail, travel, media, and software-as-a-service industries that need to automate application testing and monitor software quality throughout development and release cycles.
  • Integral — Bookkeeping, financial statements, and payroll all from one source
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Alexander Hars
Angel · Gothenburg, Vastra Gotaland, Sweden · 2 investments in Sweden Manufacturing startups

Alexander Hars - Board member @ Zalster

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 14
  • Round size: Seed $107k–$7.1M; Venture - Series Unknown $343k–$5M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Y/ELM+ — Y/ELM+ is a horseback riding safety and protection brand that focuses n creating leading-edge rider safety solutions.
  • Fintower — Fintower.ai is an AI-powered financial planning platform designed for CFOs, CEOs, and finance teams in growth companies.It consolidates fragmented finance data—such as budgets, forecasts, reports, and cash flows—into a unified, intelligent workspace. This eliminates reliance on spreadsheets like Excel, enabling streamlined FP&A processes withreal-time insights.
  • Sendify — Most small business owners would rather focus on their business than have to worry about shipping and logistics. Sadly, getting stuff from A to B is still one of their biggest expenses and sources of frustration. One explanation is that the shipping industry has prioritized high volume shippers, leaving small businesses with both complicatedsystems and unfair rates.We founded Sendify to level the playing field and empower ambitious businesses to ship smarter. With our digital platform, shippers of any size can access pre-negotiated solutions with world leading carriers, taking their supply chains into the future whilst saving an average of 20% on every shipment. Parcel or pallet, across the globe or around the corner, Sendify has you covered.Since our start in 2016, we’ve helped more than 15,000 small businesses around the world spend less time and money on shipping and more time on growing their business. This makes us known as *the* shipping and logistics solution for growing businesses in Sweden and Germany.
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Pär Svärdson
Angel · Lidingö, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Par Svardson is the current CEO of Apotea AB.

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Investment focus

  • Industry: Beauty, Fashion, Seafood
  • Stage:Angel, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 8
  • Round size: Angel $160k–$3.4M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • SWEBAL — SWEBAL produces Trinitrotoluene (TNT) in Sweden for European defense and security. Securing Europe's ammunition supply chain through local manufacturing excellence.
  • Cresponix — On a mission to feed the world without destroying the planet! The future of food is: farmed fish and shrimp. Cresponix is a patented farming technology for fish and shrimp that solves today's unsustainable challenges at fish and shrimp farming, and decreases the production cost by 20%.
  • GoFrendly — We all feel the need to find new friends sometime. Move to new city, single when everyone else is in a relationship, first in companionship to have children - the reasons can be many. GoFrendly is an app for all women who want to find new friends. GoFrendly is available for both iPhone and Android.
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Forward Venture Capital
VC Fund · Den Haag, Zuid-Holland, The Netherlands · 2 investments in Sweden Manufacturing startups

Forward Venture Capital is a Venture Capital fund that invests in early-stage companies in the US and Europe. We support early stage entrepreneurs and help them accelerate their growth.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Sweden, Denmark

Investor stats

  • Total investments: 71
  • Round size: Seed $850k–$8.5M; Pre-Seed $150k–$2.3M; Series A $1.6M–$14M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Halfdays — Halfdays is a skiwear brand for the modern woman. The company is on a mission to make the outdoors more approachable, inclusive, and fun.
  • Quickture — Quickture is an AI editing tool for professional non-scripted editors that integrates with Adobe Premiere Pro and Avid Media Composer to deliver instant rough cuts and revisions.
  • Kadence — Easy hybrid workplace management software supporting Desk Booking, Conference Room Booking, Visitor Management, and Workplace Events.
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Cristina Stenbeck
Angel · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Cristina Stenbeck has been the lead shareholder of Kinnevik over the last 20 years. Cristina began her career within the Kinnevik group when she joined her first public portfolio company board in 1997. She became Deputy Chairman of Kinnevik in 2003. Served as Chairman and Executive Chairman of the Board between 2007 and 2016 and still serves on theBoard today. Kinnevik is a family-led entrepreneurial group focused on building digital consumer businesses spanning 80 countries around the world. The six investment focus areas are: Communication, e-Commerce & Marketplaces, Entertainment and Financial Services and it recently added health and education to its current consumer focus. Last year, Kinnevik made its first investment into a digital heath platform called babylon which uses advanced AI to diagnose and treat consumers' medical concerns. Kinnevik's largest investment is its 32% ownership in Zalando, Europe's leading fashion and e-commerce company. Cristina graduated with a B.Sc. from Georgetown University in Washington DC, USA and lives in Stockholm, Sweden with her family and four children.

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Investment focus

  • Industry: Software, Fashion, Lifestyle
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Sweden, Germany, United Kingdom

Investor stats

  • Total investments: 29
  • Round size: Seed $400k–$52M; Series A $1.3M–$105M; Venture - Series Unknown $1.1M–$2.8B
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Opna — We manage sourcing, financing, and delivery end-to-end for projects constrained by critical equipment supply. Your balance sheet stays free, your programme keeps the flexibility it needs, and you power up on time.
  • Fides — Fides is your one-stop-shop for corporate governance.We are making it easier for managers to comply with, digitally execute and track their legal obligations across different companies in various jurisdictions. Keep an overview of duties, deadlines and tasks in all entities and committees. Orchestrate, execute and document resolutions,approvals and meetings. Create a revision-proof audit trail of any duty fulfilled and decision made.We know you have good intentions. You just need to be able to prove them.
  • 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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Karl L E Engelbrektson
Angel · 2 investments in Sweden Manufacturing startups

Karl L E Engelbrektson is a Generalship AB Owner & Founder.

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Investment focus

  • Industry: Manufacturing
  • Stage:Seed, Angel
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • SWEBAL — SWEBAL produces Trinitrotoluene (TNT) in Sweden for European defense and security. Securing Europe's ammunition supply chain through local manufacturing excellence.
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Otto Jettman
Angel · 2 investments in Sweden Manufacturing startups

Otto Jettman is a record producer and remixer.

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Investment focus

  • Industry: Shoes, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Goatlane — Your Everyday Golf Sneaker
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Glass Wall Syndicate
VC Fund · 2 investments in Sweden Manufacturing startups

Glass Wall Syndicate invests in companies and products that will make a difference in the lives of animals, people, and the planet. It helps grow companies in this space by providing them with capital, resources, mentorship, and other forms of support.The firm is consists of a group of venture capitalists, foundations, trusts, non-profits, andindividual investors who share a similar investment thesis and want to accelerate mainstream adoption of products and services that will make a difference in the lives of animals, people and that are better for the planet.

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Investment focus

  • Industry: Biotechnology, Food and Beverage, Health Care
  • Stage:Seed, Pre-Seed, Series C
  • Geography: United States, India, Sweden

Investor stats

  • Total investments: 8
  • Round size: Seed $845k–$5.7M; Pre-Seed $1.6M–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MeliBio — Discover MeliBio's innovative bee-free honey, promoting a sustainable future for humans and bees. Explore our mission, vision, and impact.
  • Cultured Decadence — Growing real meat directly from animal cells.
  • UNCAGED Innovations — What if we could make leather without the animal? We are a biomaterials company combining the power of nature and technology to reimagine leather.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Sweden Manufacturing startups

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile. The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio, Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

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Investment focus

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

Investor stats

  • Total investments: 312
  • Round size: Seed $900k–$7.5M; Series A $3.1M–$24M; Series B $9M–$62M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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Tobias Emanuelsson
Angel · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Tobias Emanuelsson is a Founder and CEO at Polar Structure AB. He previously worked as the Founding Partner and Head of Transactions at Scandinavian Property Group.

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Investment focus

  • Industry: Software, CleanTech, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Sweden

Investor stats

  • Total investments: 8
  • Round size: Seed $1.3M–$11M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • STILFOLD — The future of electric mobility
  • Taggr AB — Realize latent value in your equipment portfolio using light-touch, low-cost IoT technologies, delivered as-a-Service.
  • CemVision — We are re-inventing cement; Replacing everything that’s bad about it with a product that is economical, environmental friendly and technically superior.
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Eqvitec
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Sweden Manufacturing startups

Eqvitec Partners is a privately owned and independent Nordic private equity firm, advising six funds with a total capital base of over €500 million. Equity funds invest in technology companies in all phases from early-stage to buyouts. Mezzanine funds focus on buyouts and expansion financing.Eqvitec Partners offers a combination of experienceand expertise to companies with an attractive business model and solid growth potential. They spend a lot of time with the portfolio companies working closely with the management on a board level. Their aim is to add significant value, particularly via intellectual capital, with a focus on strategy implementation and business development. In addition, they bring a significant network and financial know-how to their portfolio companies. Eqvitec funds typically exit the investments after 3-6 years through a trade sale or a stock exchange floatation.Eqvitec Partners was established in 1997 and currently has 15 employees in the Helsinki and Stockholm offices.They are a member of the Finnish Venture Capital Association (FVCA), Swedish Venture Capital Association (SVCA), European Private Equity and Venture Capital Association (EVCA) and Nordic Venture Network (NVN).

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Investment focus

  • Industry: Software, Enterprise Software, Information Technology
  • Stage:Series A, Seed
  • Geography: Finland, Sweden, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Series A $3.1M–$3.6M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Norstel — Norstel AB manufactures and develops wide bandgap semiconductor materials, including silicon carbide (SiC) wafers and epitaxial layers.
  • eBuilder — eBuilder is a global company that optimizes and automates administrative processes for corporations and public sector agencies through IT-based business process outsourcing.
  • MediSapiens — MediSapiens provides software solutions to clients in the biomedical field. Our solutions turn biomedical data into new insights and knowledge. Our clients
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Scania Growth Capital
VC Fund · Södertälje, Vasternorrlands Lan, Sweden · 2 investments in Sweden Manufacturing startups

Scania has founded Scania Growth Capital for investments in high-growth companies with strategic relevance to its ecosystem of customers and partners in the automotive- and transport industries.Scania Growth Capital invests in companies that support the shift towards a more sustainable transport system, and in ventures that may discoverdisrupting technologies and business models in the automotive and transport industries.It also provides a platform where Scania can support capable entrepreneurs with a large ecosystem, as well as broad and deep industry knowledge, which will add great value to the portfolio companies.

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Investment focus

  • Industry: Manufacturing, Logistics, Industrial Automation
  • Stage:Series A, Venture - Series Unknown, Series B
  • Geography: Sweden, Germany, Canada

Investor stats

  • Total investments: 25
  • Round size: Series A $6.7M–$105M; Series B $30M–$600M; Venture - Series Unknown $1.4M–$8.3M
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Waabi — Waabi operates as a self-driving technology start-up. Waabi is bringing the promise of self-driving closer to commercialization than ever before.
  • vialytics — vialytics' mission is to digitize road management in cities, municipalities and counties. Providing up-to-date image data and automatic evaluation, vialytics's AI simplifies the day-to-day work of our partner municipalities— from road inspection to maintenance management. We save cities time, money, and manpower, all while making roadssafer. Over 400 partner municipalities in the US and Europe trust in vialytics.
  • Black Semiconductor — Our technology integrates high-speed graphene photonics directly onto any electronic chip, inspiring innovators to rethink compute architectures.
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Kale United
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Kale United offers a portfolio of over 75+ plant-based game changers

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Investment focus

  • Industry: Food and Beverage, Food Processing, Biotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, United Kingdom, Canada

Investor stats

  • Total investments: 28
  • Round size: Seed $360k–$2.5M; Pre-Seed $100k–$2M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Opalia — Opalia is introducing a new era of dairy: functional, delicious, and sustainable dairy made from mammary cells.
  • Hooked Foods — Hooked Foods is working on a plant-based tuna substitute. By serving delicious plant-based seafood for everyone to enjoy, the company is leading the transition to a healthier seafood ecosystem. The company was established in 2019 and is headquartered in Sweden.
  • Cultimate Foods — At Cultimate, we are transforming the flavor and aroma industry with natural innovative ingredients.
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Rubio Impact Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Manufacturing startups

Rubio Impact Ventures is a venture fund focused on early and growth stage enterprises with a positive impact on society and the environment.

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Investment focus

  • Industry: Software, Education, Renewable Energy
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: The Netherlands, United Kingdom, Germany

Investor stats

  • Total investments: 65
  • Round size: Seed $1.1M–$6M; Series A $3.3M–$15M; Venture - Series Unknown $4.4M–$30M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely actively investing — fresh fund, raised $80M in 2025

Portfolio highlights

  • VREY — VREY is a startup that empowers landlords of multi-tenant buildings to generate and manage solar energy on-site.
  • Hylight — Hylight inspects energy infrastructures and provide solutions that makes societies resilient to the effects of climate change.
  • Ditto — Ditto supports patients, loved ones, and professionals by improving clarity, recall, and communication in healthcare conversations.
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IMAS Foundation
VC Fund · Leiden, Zuid-Holland, The Netherlands · 2 investments in Sweden Manufacturing startups

IMAS Foundation is an organization that supports objectives for the good of the society through investment.IMAS Foundation focuses on asset allocation, which involves balancing the risk of our investments.IMAS Foundation is one of two arms to the Ingka Foundation, the other one is IKEA Foundation which main objective is to donate money toorganizations focusing on children and women that live in extreme poverty.

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Investment focus

  • Industry: CleanTech, Clean Energy, Manufacturing
  • Stage:Series B, Series A, Grant
  • Geography: Sweden

Investor stats

  • Total investments: 12
  • Round size: Series A $100M–$105M; Series B $44M–$600M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Syre — Syre is a textile impact company with a mission to decarbonize and dewaste the industry through textile-to-textile recycling at hyperscale.
  • Qvantum — Qvantum is driven by a passion for a sustainable future and we are changing the way the cities of Europe are heated.
  • 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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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

SEB Venture Capital is a Fintech investor that helps entrepreneurs and innovators launch and grow profitable businesses. They primarily serve as a strategic corporate venture focused on Fintech investments, with the option of partnering with SEB. They are also on the hunt for game-changing inventive solutions to new technologies that will make the financial industry smarter, safer, and more environmentally responsible, as well as more user-friendly. They also function as an evergreen fund, giving them the flexibility and staying strength to focus on long-term wealth development depending on what is best for the firm and its shareholders.

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Investment focus

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

Investor stats

  • Total investments: 77
  • Round size: Series A $1.2M–$7.4M; Series B $2.2M–$23M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $300M in 1995

Portfolio highlights

  • Apica — Apica provides the most effective technology for optimizing the performance of cloud and mobile applications. The Apica WebExcellence Suite offers companies and developers alike easy-to-use, cloud-based load testing and web performance monitoring tools to test applications for maximum capacity, daily performance, improved load times, and protectionfrom peak load.
  • MobileTag — Mobile Tag, the European leader in mobile barcode solutions, continues to innovate with the launch of its latest application: mobiletag Universal Reader and shopping.Mobile Tag is behind the creation of the flashcode, the standard 2D barcode used by operators in France. This type of Datamatrix barcode is used by the biggest companies indisplay, transportation, distribution, the pharmaceutical industry, and more.Mobile Tag has always tried to develop new technology from the consumer's point of view, and the mobiletag Universal Reader & shopping is no exception.The concept behind this application is to send, receive and share information and best prices to everyone and for everyone through all standardized barcodes.Scanning a barcode with your mobile phone is simply taking a picture of it with your phone, using the mobiletag application. Mobile tag is free!
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
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EXOR N.V.
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Manufacturing startups

EXOR is a holding company based in the Netherlands that the Agnelli family controls. The company has a diverse portfolio of investments in various industries, including automotive, real estate, and finance. The company is known for taking a long-term approach to its assets and has a reputation for being a patient and value-oriented investor. Thecompany's primary focus is on creating long-term value for its shareholders by actively managing and growing its portfolio of investments.EXOR's core mission is to cultivate exceptional enterprises, simultaneously nurturing opportunities for its talented workforce to flourish, make meaningful societal contributions, and yield outstanding returns for its valued investors.

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Investment focus

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

Investor stats

  • Total investments: 143
  • Round size: Seed $1.8M–$18M; Pre-Seed $320k–$5.1M; Series A $9.5M–$60M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • RobCo — Easily automate the repetitive tasks in your production facility with modular industrial robots from RobCo.
  • Q.ai — Q.ai provides systems designed to support high data throughput, multilingual interaction, privacy controls, and accessibility features within communication workflows. Its technology is used to enhance real-time and asynchronous interactions between users who operate across different languages and regions. Q.ai’s platform is designed to integrateinto existing applications and services, supporting organizations that require consistent communication standards across distributed teams and audiences.
  • Philips — Koninklijke Philips is a technology company that provides healthcare, consumer lifestyle, and lighting products, solutions, and services. The company offers professionals with healthcare, lighting, and oral healthcare products, professional dictation, and display solutions, and innovation services. It offers consumers electronic products related tosound and vision, personal care, mother and child care, housewares, lighting, PCs and phones, and more.
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Innovations Kapital
VC Fund · Göteborg, Vastra Gotaland, Sweden · 2 investments in Sweden Manufacturing startups

InnovationsKapital was founded in 1994 and is a leading independent venture capital firm for innovative growth companies in the Nordic region. The business, carried out from offices in and Stockholm, Gothenburg and New York, is focused on investments within ICT and Healthcare & Life Sciences, dynamic sectors that are rapidly expanding and whereNordic research plays an important role. The capital is provided by highly reputable Swedish and international institutional investors.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series B, Series C
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 19
  • Round size: Series B $5.6M–$30M; Series C $5.5M–$15M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Silecs — PiBond manufactures materials used in electronic devices, including patterning materials for semiconductors and optical materials. We also develop complete solutions that allow our clients to focus on creating innovative products.
  • SantoSolve — SantoSolve is developing topical analgesic products based on non-radioactive strontium as the active substance. The Development program was initiated based on experimental clinical use of strontium-based products showing evidence of strong local analgesic effects on several localized pain conditions of both nociceptive and neuropatic origin. Nosignificant adverse effects associated with the treatment was reported.The company’s lead product, 2PX, is topically administered, utilizing dermal penetration enhancers for delivery of the active agent to its subdermal site of action. Phase I safety and pharmacology studies showed the active agent to have low systemic bioavailability, and only few and minor adverse effects were observed at the site of administration. In open label Phase II clinical trials, the product has shown strong analgesic effect in both nociceptive and neuropatic pain conditions. In follow up, placebo controlled trials, the analgesic effect of the product has been further documented. In the company’s most advanced pain indication under study, osteoarthritis, the company has recently completed the Phase II program.These trials supports the open label results and document statistically that the analgesic effect in patients treated with 2PX is superior to that observed with placebo treatment.
  • Action Pharma — Action Pharma A/S operates as a research and development focused biotechnology company. It discovers and develops new drugs and treatment concepts to treat cardiovascular disease and inflammatory diseases, as well as metabolic diseases, such as type-II diabetes and obesity. The company's product pipeline includes AP214, a modifiedÐMSH-peptide analogue for the treatment of post-surgical kidney injury associated with cardiac surgery; and AP1030 and AP11 series, oral anti-diabetic (OAD) for the treatment of type-II diabetes associated with overweight/obesity. Its product pipeline also comprise AP1189, an oral anti-inflammatory compound for the treatment of inflammatory diseases, such as inflammatory bowel disease and rheumatoid arthritis; and AP405, a modified MSH peptide analogue for the treatment of inflammatory skin diseases, such as atopic dermatitis. The company was founded in 2000 and is based in Holte, Denmark.
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Manufacturing Investor funding in Sweden at a glance

Stats across 498 deals from 532 investors.

532
investors
in Sweden Manufacturing startups
498
deals
in Sweden Manufacturing startups
$2.6M
median round
in Sweden Manufacturing startups
38%
lead investors
lead at least one round
19%
Venture - Series Unknown
most common funding stage
79/21
VC / Angel
share of investor count

Access all 532 investors in Sweden Manufacturing startups.

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