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Top 50 Manufacturing Startup Investors in Sweden (June 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 Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Almi Invest
VC Fund
21 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $174k–$2.2M
Chalmers Ventures AB
VC Fund
14 Sweden Pre-Seed, Seed Software, Biotechnology, Health Care $5k–$2.7M
Partnerinvest Norr
VC Fund
7 Sweden, United States Seed, Series A Software, Manufacturing, Information Technology $588k–$5.3M
Creandum
VC Fund
5 Sweden, Germany, United States Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.8M–$88M
Industrifonden
VC Fund
5 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology $1.1M–$21M
Wellstreet
VC Fund
5 Sweden, Norway, Finland Seed, Pre-Seed E-Commerce, Software, Retail $193k–$2.5M
Course Corrected
VC Fund
4 Sweden, United States Seed, Pre-Seed, Series A Energy, Renewable Energy, Manufacturing $66k–$10M
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $878k–$12M
Gustaf Hagman
Angel
3 Sweden Pre-Seed, Seed Robotics, Software, Marketing $380k–$4.1M
Saeid Esmaeilzadeh
Angel
3 Sweden, Denmark Seed, Pre-Seed Legal, Advice, Internet $251k–$4.1M
Mount Wilson Ventures
VC Fund
3 United States, France, Sweden Seed, Series A, Pre-Seed Chemical, Manufacturing, Artificial Intelligence $100k–$3M
Norrlandsfonden
VC Fund
3 Sweden, United States Seed, Debt Financing Software, Information Technology, Analytics $386k–$2.9M
Midroc New Technology
VC Fund
3 Sweden Seed, Series A Energy, Renewable Energy, Manufacturing
Eqvitec
VC Fund
2 Finland, Sweden, United Kingdom Series A, Seed Software, Enterprise Software, Information Technology $3.1M–$3.6M
IMAS Foundation
VC Fund
2 Sweden Series B, Series A CleanTech, Clean Energy, Manufacturing $44M–$600M
Cristina Stenbeck
Angel
2 Sweden, Germany, United Kingdom Seed, Series A Fashion, E-Commerce, Lifestyle $400k–$105M
NFT Ventures
VC Fund
2 Sweden, Finland, United Kingdom Seed, Series A Financial Services, FinTech, Apps $579k–$2.9M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$53M
SamInvest Mitt
VC Fund
2 Sweden Seed, Pre-Seed Software, Manufacturing, Hardware $318k–$2M
Ackra Invest
VC Fund
2 Sweden Seed Manufacturing, Mining, Chemical
Karl L E Engelbrektson
Angel
2 Sweden Seed, Angel Manufacturing
BackingMinds
VC Fund
2 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Software, Agriculture $251k–$11M
J12
VC Fund
2 Sweden, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $420k–$64M
EXOR N.V.
VC Fund
2 United States, Italy, France Series A, Series B Software, Blockchain, Health Care $9.5M–$270M
Investa Företagskapital
VC Fund
2 Sweden Manufacturing, Hardware, Software
Altor
VC Fund
2 Sweden, Norway, United States Private Equity, Post-IPO Equity Manufacturing, E-Commerce, Energy $8.8M–$2B
Forward Venture Capital
VC Fund
2 United States, Sweden, Denmark Seed, Series A, Pre-Seed Software, Financial Services, E-Commerce
Otto Jettman
Angel
2 Sweden Seed, Pre-Seed Shoes, Manufacturing
Thomas von Koch
Angel
2 Sweden, United States, Germany Seed, Series A Energy, Manufacturing, CleanTech $5.3M–$35M
Pär Svärdson
Angel
2 Sweden Angel, Seed Beauty, Fashion, Seafood $160k–$3.4M
Northzone
VC Fund
2 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$95M
Länsförsäkringar
VC Fund
2 Sweden Seed, Pre-Seed Real Estate, Biotechnology, Manufacturing $484k–$1.1M
TPG Rise Climate Fund
VC Fund
2 United States, India, Israel Private Equity, Series C Renewable Energy, Energy, Solar $23M–$1B
42CAP
VC Fund
2 Germany, France, Sweden Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $1.3M–$19M
Headline
VC Fund
2 United States, Germany, United Kingdom Series A, Series B, Seed Software, E-Commerce, Information Technology
Mosaic Ventures
VC Fund
2 United Kingdom, United States, Germany Series A, Series B, Seed Software, Information Technology, Finance $1.9M–$69M
KTH Holding
VC Fund
2 Sweden Seed, Pre-Seed Software, Information Technology, Biotechnology $270k–$5.5M
H&M Group Ventures
VC Fund
2 Sweden, United States, United Kingdom Series A, Series B E-Commerce, Fashion, Textiles $1.9M–$50M
Sting Capital
VC Fund
2 Sweden Seed, Pre-Seed Software, Apps, Medical $216k–$724k
Leo Giertz
Angel
2 Sweden Seed, Series A, Series B Software, Customer Service, Technical Support $730k–$1.9M
Teknoinvest
VC Fund
2 Sweden, Norway, United States Series B, Series A Health Care, Biotechnology, Medical $1.2M–$31M
Daniel Ek
Angel
2 Sweden, United States, France Series A, Seed, Angel Manufacturing, Information Technology, Artificial Intelligence $17M–$105M
FAM AB
VC Fund
2 Sweden, Austria, United States Series A, Series B Software, Manufacturing, Energy $963k–$105M
Tobias Emanuelsson
Angel
2 Sweden Seed, Series B Software, Information Technology, SaaS $1.3M–$11M
Henrik Norlander
Angel
2 Sweden Seed, Pre-Seed Shoes, Manufacturing
Muirfield Invest
VC Fund
1 Sweden Seed, Post-IPO Equity SaaS, Shoes, Video
Molindo
VC Fund
1 Sweden Series A Battery, Chemical, Manufacturing
Polar Ventures
VC Fund
1 Sweden Seed Hydroponics, Industrial Automation, Information Technology
PINC
VC Fund
1 Sweden, Denmark, United Kingdom Seed, Pre-Seed, Series A Biotechnology, Food and Beverage, Food Processing
Andreas Ehn
Angel
1 Sweden, United States, Germany Seed, Angel, Pre-Seed Software, Internet, Financial Services $740k–$7.7M
Access all 295 investors in Sweden Manufacturing startups.

Access 48,091 investors

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

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Investor list

Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 21 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:Seed, Pre-Seed
  • Geography: Sweden, United States, Ukraine

Investor stats

  • Total investments: 263
  • Round size: Seed $174k–$2.2M; Pre-Seed $236k–$1.3M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
  • Xaga Surgical — Xaga Surgical aims to minimize the risk of infections by inventing safer medical needles.
  • 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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Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 14 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, Health Care
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 169
  • Round size: Seed $289k–$2.7M; Pre-Seed $5k–$183k
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Embedl AB — Efficient Deep Learning by Deep Learning model optimization
  • Repli5 — Enabling autonomous vehicles with synthetic data. We automate the creation of synthetic data and digital twins.
  • Detecht — Looking for a motorcycle app for your upcoming trips? Download Detecht with built-in GPS, Navigation, Route suggestions and Crash Detection on App Store or Google Play Store
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Partnerinvest Norr
VC Fund · Piteå, Norrbottens Lan, Sweden · 7 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, Series A
  • Geography: Sweden, United States

Investor stats

  • Total investments: 67
  • Round size: Seed $588k–$2.1M; Series A $1.5M–$5.3M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2009

Portfolio highlights

  • Senseworks — Senseworks is an insight platform that enables colleagues to collaborate effectively with customers by providing a single source of truth for accounting data.
  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
  • Remos Space Systems — Remos Space Systems simplifies satellite ground operations.
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Manufacturing 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: 264
  • Round size: Seed $1.8M–$16M; Series A $5M–$30M; Series B $8M–$88M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • CAST AI — Kubernetes optimization platform for reliability and performance. CAST AI uses SLO signals to take guardrailed actions in production.
  • Appcharge — Built for mobile gaming, we help publishers grow revenue and personalize every player interaction and checkout.
  • atla — Advance the potential and safety of AI
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 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 companiesinclude tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

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Investment focus

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

Investor stats

  • Total investments: 174
  • Round size: Seed $1.1M–$6.3M; Series A $3.3M–$21M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Novatron — A new fusion reactor design for stable plasma confinement and fusion power generation.
  • Open Payments — Open Payments connects you to multiple banks through one single unified API. This removes the complexity and frictions of many diverse integrations
  • Tribune Therapeutics — Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases. It was founded in 2020 with funding from HealthCap and Novo Seeds.
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Wellstreet
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 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: E-Commerce, Software, Retail
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Norway, Finland

Investor stats

  • Total investments: 59
  • Round size: Seed $193k–$825k; Pre-Seed $611k–$2.5M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • 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.
  • Maintract — Maintract is a new generation of financial contract management software. It also offers banking and financial services. They provide contract management automation solutions to banks for drafting, data verification, workflow automation, contract data monitoring, tracking workflow and documentation, compliance management, and more.
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Course Corrected
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 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 alow-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, Pre-Seed, Series A
  • Geography: Sweden, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $307k–$10M; Pre-Seed $133k–$8.2M; Series A $66k–$8.1M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
  • Renasens AB
  • Echandia — Echandia develops energy storage solutions for heavy-duty marine applications and is the leading supplier of LTO battery systems for maritime electrification.
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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, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 67
  • Round size: Seed $878k–$5.3M; Series A $1.5M–$12M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Embedl AB — Efficient Deep Learning by Deep Learning model optimization
  • VISS.AI — Talk to your apps and automate tasks
  • Impulso — Seamless product tracking. We help brands, agencies and suppliers increase sell-through, reduce administration and create a more sustainable retail landscape.
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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 $3.3M–$4.1M; Pre-Seed $380k–$950k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • STILRIDE — The future of electric mobility
  • Fieldstream — SaaS Marketing Analytics
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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 $251k–$4.1M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Ageras — Ageras redefines administration for small businesses by integrating banking, accounting, and tax filing in a single platform.
  • STILRIDE — 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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Access 48,091 investors

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

Browse database — It's Free!
Mount Wilson Ventures
VC Fund · Pasadena, California, United States · 3 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: 19
  • Round size: Seed $579k–$3M; Pre-Seed $100k–$300k
  • Lead/follow: 16% lead, 84% 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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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:Seed, Debt Financing
  • Geography: Sweden, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $444k–$1.8M; Debt Financing $386k–$2.9M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Big Akwa — Big Akwa is a food-tech innovation start-up that economically and environmentally revolutionizes land-based aquaculture by introducing industrial symbiosis between the aquaculture and forest industry.
  • 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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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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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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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
  • 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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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: Fashion, E-Commerce, Lifestyle
  • Stage:Seed, Series A
  • Geography: Sweden, Germany, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Seed $400k–$52M; Series A $1.3M–$105M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Opna — Opna is a financing platform for climate projects that remove carbon and protect natural ecosystems. Opna offers data, proprietary risk assessments, and efficient capital structures, helping companies to translate net-zero committed capital from financial institutions, and corporates into direct financing across a project's lifecycle.
  • Fides — Fides is your one-stop-shop for c-level 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 different entities. Orchestrate, execute and document c-level meetings, resolutions& approvals. Create a revision-proof audit trail of any c-level decision.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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NFT Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

We drive the fintech revolution Next Financial Technology Ventures Backing fintech pioneers since 2014 We aim to capture the shift in the financial industry and empower the entrepreneurs to realize their potential Our Story Strong portfolio across Fintech View the full portfolio Exciting news from the NFT portfolio View all news

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Investment focus

  • Industry: Financial Services, FinTech, Apps
  • Stage:Seed, Series A
  • Geography: Sweden, Finland, United Kingdom

Investor stats

  • Total investments: 55
  • Round size: Seed $579k–$2.2M; Series A $1.2M–$2.9M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Yabie — Yabie's Payment and POS systems take the effort out of selling. It's the most intuitive, hassle-free and mobile way of interacting with your customers and making a sale.
  • Invoier AB — Invoier is on a mission to help small and medium sized businesses become more competitive by changing the behaviour to access and price working capital. Founded in Stockholm, the financial technology company revolutionised short term financing with the world’s first spot market in real time for invoice trading. Today Invoier offers a platformfor businesses in Europe to get paid directly, plan the liquidity and grow its business. Backed by the EIC/European Investment Bank and partnering with some of the biggest investors we are quickly changing how the world sees SME financing. Join us on our mission! Visit: https://www.invoier.com/
  • Oort Digital — Oort Digital offers users to store, send, borrow, lease, trade, pay, mine, and game with NFTs.
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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, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 254
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $9M–$53M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • qlub — Qlub is the fastest, most secure form of digital menu & contactless payment for customers at restaurants, clubs & lounges.
  • Attio — Unlock your team's true potential with Attio, the data-driven CRM for modern teams. Manage everything from sales leads through to recruitment pipelines.
  • Omnea — The all-in-one procurement platform. Request purchases, automate approvals, and streamline your procurement process in one centralised solution.
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SamInvest Mitt
VC Fund · Härnösand, Vasternorrlands Lan, Sweden · 2 investments in Sweden Manufacturing startups

Saminvest is a venture capital company that was formed by the Swedish government in 2016. Saminvest actively works to establish new and sustainable venture capital funds and angel investor programmes that expand the venture capital market in Sweden. Through Saminvest's indirect investments and work with investment funds, innovative and fast-growing companies can gain access to more capital and expert advice.

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Investment focus

  • Industry: Software, Manufacturing, Hardware
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $318k–$2M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $2.1M in 2013

Portfolio highlights

  • The Fit — The Fit is turning every smartphone into a body scanner. The company develops mobile 3D body scanner technology that gives users digital body ID that can be used to shop the right size, measure order products or virtual try clothes.
  • Learnster — Learnster develops the LMS of tomorrow for growing organizations aspiring to achieve maximum learning in minimum time.
  • Brick Technology — Rent-on-the-go with Brick powerbank sharing: convenient on-the-move charging solution! Suitable for all devices.
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Ackra Invest
VC Fund · Skellefteå, Vasterbottens Lan, Sweden · 2 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. Thefirm 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, Mining, Chemical
  • Stage:Seed
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Xore — Xore AB has develops and sells analyzers to enrichment plants in the mining industry.Xore is one of the world’s leading suppliers of on-stream analyzers and related services to the mining industry. Xore is the natural first choice when investing in equipment for on-stream analysis of pulp and liquids. Our product brand is Boxray™. Xore is agenuine Swedish engineering technology company based in Skellefteå in northern Sweden.
  • Protab AB — Protab specializes in machining, turning and milling and manufactures details for the hydraulic and forest industry. Another important part of the business is system delivery, where the company also assembles the details that were manufactured.Protab manufactures components primarily for the hydraulics and forestry industries. System deliveries,where the company assembles manufactured components, form another important part of the operation. We also do value flow analyses to improve the efficiency of our customers' businesses. How can we make things better for you?
  • 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.
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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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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

We help great minds unleash their full potential!

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Investment focus

  • Industry: SaaS, Software, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 28
  • Round size: Seed $251k–$11M; Pre-Seed $820k–$8.2M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
  • Serviceform — Welcome to future of communication - the truly all-in-one conversion and management software built for established businesses. Start now!
  • Techarena — Since 2014 Techarena is the platform for innovation and Tech in the Nordics. From supporting startups and scaleups to bringing the Tech and Business world together at Scandinavia's Biggest Events.
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing 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, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Germany, Norway

Investor stats

  • Total investments: 56
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $420k–$4.4M; Series A $7M–$64M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Treyd — Working capital for fast growing brands. Order Now, Pay Suppliers Later
  • Dema.ai — First-of-its-kind AI decision platform for e-commerce
  • MVision AI — AI-powered solutions that automate repetitive tasks, enable efficient radiotherapy workflows, and promote consistency across clinical processes.
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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, Blockchain, Health Care
  • Stage:Series A, Series B
  • Geography: United States, Italy, France

Investor stats

  • Total investments: 49
  • Round size: Series A $9.5M–$270M; Series B $11M–$112M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • N5 Now — N5 has developed the way out of your complex legacy systems and into the fintech digital world, without having to change your core technology. Contact Us!
  • Via — Via is a re-engineering public transit company that develops and provides on-demand public mobility solutions for commuters. The company transforms public transit, from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network. Via's mobile app connects passengers who are headed the same way, allowing riders toseamlessly share a premium vehicle. The platform operates in the United States and in Europe through its joint venture with Mercedes-Benz Vans, ViaVan. Via's technology is deployed worldwide through partner projects with public transportation agencies, private transit operators, taxi fleets, private companies, and universities, integrating with public transit infrastructure to power cutting-edge on-demand mobility.The company was founded in 2012 and is headquartered in New York, United States.
  • 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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Investa Företagskapital
VC Fund · Sundsvall, Vasternorrlands Lan, Sweden · 2 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
  • Geography: Sweden

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Collectric — Collectric AB develops systems for measuring, controlling, and reporting on electricity, heating, and water consumption in houses. The company was founded in 2003 and is based in Sundsvall, Sweden.
  • 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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Altor
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Entrepreneurs at heart. Engaged in partnerships built on curiosity, creativity and achieving a lasting impact.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Energy
  • Stage:Private Equity, Post-IPO Equity
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 60
  • Round size: Private Equity $329M–$2B; Post-IPO Equity $8.8M–$27M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2019

Portfolio highlights

  • Aira — Aira operates as a clean energy-tech company.
  • 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.
  • Marshall Group — Marshall Group is formed by merging Zound Industries and Marshall Amplification companies.
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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, Financial Services, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Sweden, Denmark

Investor stats

  • Total investments: 63
  • Lead/follow: no public data

Portfolio highlights

  • Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
  • Niricson — Niricson Software has developed a proprietary damage assessment software platform paired with a patent-pending drone-based data collection technology that helps infrastructure owners inspect their structures (e.g. hydro dams) in a way that is more accurate, five times faster, and 50% more cost-effective. Niricson is differentiated by its ability toautomatically detect and quantify not only surface damage, but also subsurface damage.
  • Brink Commerce — Brink Commerce offers leading eCommerce solutions. Boost growth, perfect customer experiences, and unlock agility with our Composable Commerce API.
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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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Thomas von Koch
Angel · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Thomas von Koch was part of the team that founded EQT Partners in 1994 and as from March 1, 2014, Thomas is Managing Partner.Thomas graduated from the Stockholm School of Economics in 1992 with two majors (Financial Economics and Accounting & Finance).Prior to joining EQT, Thomas worked at Investor AB which he joined in 1992 to work inequity research, corporate finance and mergers and acquisitions.Thomas is a member of the Partner Investment Committees within EQT - Equity, Infrastructure, Mid Market and Credit.

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Investment focus

  • Industry: Energy, Manufacturing, CleanTech
  • Stage:Seed, Series A
  • Geography: Sweden, United States, Germany

Investor stats

  • Total investments: 10
  • Round size: Seed $5.3M–$35M; Series A $15M–$22M
  • Lead/follow: 40% lead, 60% 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.
  • Flower — We enable the energy system of tomorrow by combining pioneering technology with flexible assets, allowing clean energy to power society
  • Qvantum — Qvantum is driven by a passion for a sustainable future and we are changing the way the cities of Europe are heated.
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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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Northzone
VC Fund · London, England, United Kingdom · 2 investments in Sweden Manufacturing startups

Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.

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Investment focus

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

Investor stats

  • Total investments: 313
  • Round size: Seed $2.4M–$15M; Series A $4M–$36M; Series B $6.7M–$95M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Sqore — Smart Recruitment - Automate the process between your job ad and the first interview.Increase screening efficiencyEfficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates.Deepen candidate engagementEngage today’s generation of candidates through rewarding experiencesand allow them to get insights into your company before the interview.Lower your hiring costsWe don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.
  • Labster — Labster empowers educators to reimagine their science courses with immersive online simulations. Request a demo to discover how Labster engages students, trains lab skills, and accelerates learning.
  • HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
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Länsförsäkringar
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Länsförsäkringar is a Swedish group of public insurance companies.

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Investment focus

  • Industry: Real Estate, Biotechnology, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 12
  • Round size: Seed $484k–$1.1M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Stendorren Fastigheter — Stendorren Fastigheter is a company involved in the real estate industry. It develops, owns, operates, and maintains industrial, logistical, and warehouse facilities. The business offers adequate and suitable space on fair lease terms through its tenant.
  • pixlbio (formerly Phenaros) — Data-centric drug discovery with AI, Phenomics and Automation.
  • Swedish Logistic Property — Swedish Logistic Property (SLP) specializes in the development and management of logistics properties across Sweden. With a focus on energy efficiency, SLP provides modern logistics solutions tailored to meet the needs of various businesses. The company's portfolio includes strategically located properties designed to support efficientlogistics and supply chain operations. SLP also engages in the acquisition and development of new properties, aiming to expand its footprint in the logistics real estate market. The company's commitment to sustainability is evident in its construction practices and the operation of its logistics facilities.
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TPG Rise Climate Fund
VC Fund · 2 investments in Sweden Manufacturing startups

TPG Rise Climate offers a differentiated, multi-strategy approach to a generational investment theme with capital across private equity, transition infrastructure, and the global south.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Private Equity, Series C
  • Geography: United States, India, Israel

Investor stats

  • Total investments: 21
  • Round size: Series C $23M–$318M; Private Equity $300M–$1B
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • NextPower (formerly Nextracker) — Nextpower delivers integrated utility-scale solar infrastructure including trackers, eBOS, software, and robotics to increase energy yield and accelerate solar deployment.
  • Form Energy — Form Energy is an American company driving innovation in energy manufacturing and technology to ensure a clean, secure, and reliable electric grid.
  • Beta Technologies — Manufacturer of electric VTOL and CTOL aircraft, training, and charging networks, designed and purpose-built by pilots for operational simplicity.
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42CAP
VC Fund · Munich, Bayern, Germany · 2 investments in Sweden Manufacturing startups

We are peers amongst entrepreneurs helping the brave to build game-changing companies, just like we have done ourselves.

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Investment focus

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

Investor stats

  • Total investments: 94
  • Round size: Seed $2.2M–$6M; Pre-Seed $1.3M–$2.3M; Series A $2.3M–$19M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • Teemyco — Improve Engagement, Collaboration & Overall Happiness of Your Fully Online or Hybrid Team! Easy To Set Up & Integrates With Your Favorite Tools. 100% Free For Teams Up To 25 Users!
  • Nostos Genomics — Our genetic variant interpretation platform enables genetic testing labs to give more people with genetic diseases a clear and fast diagnosis.
  • Customs4trade (C4T) — Customs4trade simplifies Global Customs Management and Trade Compliance with a user-friendly software solution, CAS, which offers end-to-end automation.
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Headline
VC Fund · San Francisco, California, United States · 2 investments in Sweden Manufacturing startups, 28 in the past 12 months

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 347
  • Lead/follow: no public data

Portfolio highlights

  • Mission Brasil — Mission Brasil is an information technology solution that provides a digital outsourcing platform for business development. Their services include legal and administrative, retail and monitoring, research and audit, hidden shopper, data and accreditation, logistics, and direct sales.
  • NUMA Group — Life's hard. Travelling shouldn't be. Book a fully furnished room or apartment in some of Europe's coolest neighbourhoods and see how simple travel can be.
  • Trellis Research — Trellis Research is a research tool for litigators.
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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, Information Technology, Finance
  • Stage:Series A, Series B, Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 103
  • Round size: Seed $1.9M–$21M; Series A $4.8M–$28M; Series B $12M–$69M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $150M in 2018

Portfolio highlights

  • Nexar — Nexar dash cams record in up to 4K with LTE connectivity, automatic cloud backup, and live parking alerts. Shop the Beam2, Beam2 Mini, and Nexar One.
  • Async — Podcastle is an AI-powered content creation platform that helps podcasters, educators, marketers, and other creators to produce professional-quality audio and video content like podcasts and audiobooks. The company’s goal is to democratize access to content creation by offering an end-to-end suite of tools encompassing creation, editing,transcription, voice duplication, and distribution.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 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, 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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H&M Group Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

H&M Group Ventures is the venture capital arm of the H&M Group.

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Investment focus

  • Industry: E-Commerce, Fashion, Textiles
  • Stage:Series A, Series B
  • Geography: Sweden, United States, United Kingdom

Investor stats

  • Total investments: 55
  • Round size: Series A $1.9M–$50M; Series B $14M–$40M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Centra — Centra is part of creating the next generation of brands, with a direct-to-consumer and wholesale e-commerce software for global brands. Brands across Scandinavia and the world trust Centra to seamlessly connect people to products. We're a medium-sized company with offices in Stockholm, Sweden, Wroclaw, Poland and New York City, USA.
  • Colorifix — Colorifix is a biotechnology company that has pioneered the first entirely biological process to produce, deposit and fix pigments onto textiles. Using a synthetic biology approach, it offers a radically different solution to incumbent dyeing technologies that entirely cuts out the use of harsh chemistry and leads to huge reductions in waterconsumption. Colorifix’s investors include Cambridge Enterprise, H&M, Mills Fabrica, Primera Impact and Sagana, whose collective backing is funding its expansion. For more information, visit www.colorifix.com
  • Rubi Laboratories — Rubi Laboratories turns carbon emissions into carbon-negative textiles for the fashion industry, with a proprietary synthetic biology technology.
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Sting Capital
VC Fund · Kista, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing 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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Leo Giertz
Angel · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing startups

Leo Giertz

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Investment focus

  • Industry: Software, Customer Service, Technical Support
  • Stage:Seed, Series A, Series B
  • Geography: Sweden

Investor stats

  • Total investments: 4
  • Round size: Seed $730k–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mavenoid — Mavenoid is the only product support automation platform built for complex products and devices. Using our unique AI, we solve problems too complex for chatbots
  • Saltfish — Create interactive product demos in minutes. Embed on your website, share in emails, see who's watching. No code required.
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Teknoinvest
VC Fund · Oslo, Oslo, Norway · 2 investments in Sweden Manufacturing startups

Teknoinvest is a premier Scandinavian venture capital company. They invest in areas of emerging technologies within the ITC and Life Sciences sectors. Their main geographical scope is Scandinavia and the USA. Teknoinvest was established as the first venture capital investment company. Teknoinvest is one of the most successful VC´s in Scandinaviaaccording to track record of value created for their investors.

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Series A $1.2M–$12M; Series B $6M–$31M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • GLO — glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who haspublished more than 500 papers related to this technology.glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications.glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications.glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized.glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.
  • 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.
  • Sol Voltaics — Founded in 2007, Sol Voltaics AB is a venture-backed, development-stage nanotechnology company focused on development and commercialization of highly efficient, third-generation photovoltaic concentrator solar cells based on its proprietary heterostructured nanowire epitaxial growth and process technologies.
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Daniel Ek
Angel · New York, New York, United States · 2 investments in Sweden Manufacturing startups

Daniel Ek is based out of Stockholm, Stockholms Lan, and is the Founder and Executive Chairman of Spotify. Daniel previously worked at Stardoll as Chief Technology Officer.

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Investment focus

  • Industry: Manufacturing, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed, Angel
  • Geography: Sweden, United States, France

Investor stats

  • Total investments: 10
  • Round size: Series A $17M–$105M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Homa Games — Leave your mark in the gaming industry. We are building a team of extraordinary individuals working together to build apps that entertain the world. We are experts in every step of the publishing process.
  • Sand Clinic — Sand Clinic is a healthcare startup. Sand Clinic provides a wide range of services to its members, including primary care, vascular ultrasonography, and red light therapy.
  • 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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FAM AB
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Manufacturing 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: 17
  • Round size: Series A $963k–$105M
  • Lead/follow: 18% lead, 82% 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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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, Information Technology, SaaS
  • Stage:Seed, Series B
  • Geography: Sweden

Investor stats

  • Total investments: 7
  • Round size: Seed $1.3M–$11M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • STILRIDE — 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 — CemVision is an industrial tech company that has been developing CO2-free cement.
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Henrik Norlander
Angel · 2 investments in Sweden Manufacturing startups

Henrik Norlander is a professional golfer and plays on the PGA Tour.

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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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Muirfield Invest
VC Fund · 1 investments in Sweden Manufacturing startups

Swedish VC run by the Kinell family.

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Investment focus

  • Industry: SaaS, Shoes, Video
  • Stage:Seed, Post-IPO Equity
  • Geography: Sweden

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Bambuser — We make live streaming go live shopping, empowering retailers with immediate conversion, feedback and engagement from their audience.
  • Goatlane — Your Everyday Golf Sneaker
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Molindo
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Manufacturing startups

Molindo offers Value creation through active and long-term ownership based on value analysis. It is highly engaged in the companies it invests in and looks for investment opportunities where Molindo can add value.

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Investment focus

  • Industry: Battery, Chemical, Manufacturing
  • Stage:Series A
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Altris — Altris is a leading developer of sodium-ion batteries, offering superior performance and sustainability. Our innovative energy storage solutions are made from abundant and renewable materials, revolutionizing the way we power the world. Discover our cutting-edge technology today.
  • Graphmatech — We develop next generation materials tailored with graphene by solving industrial challenges and provide replacements for scarce material.
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Polar Ventures
VC Fund · Älvsbyn, Norrbottens Lan, Sweden · 1 investments in Sweden Manufacturing startups

Polar Ventures is a venture capital firm that invests in early-stage companies, primarily focusing on the technology and blockchain sectors. The firm supports startups developing innovative solutions in Web3, blockchain, payments, rewards, and social networking. Polar Ventures aims to back projects with strong growth potential and disruptivetechnologies.

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Investment focus

  • Industry: Hydroponics, Industrial Automation, Information Technology
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • BlueRedGold — Discover BlueRedGold - the home of exquisite Swedish Saffron, ethically grown and harvested with precision in Sweden. Experience the unparalleled quality of our saffron, perfect for culinary enthusiasts and chefs alike. Join us in embracing sustainable luxury.
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PINC
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Manufacturing startups

PINC was launched as Paulig Incubator in 2018 to help Paulig stay in the forefront of relevant innovations, as well as to contribute to a tastier, healthier and more sustainable planet. Today, our ambition is the same, but we have developed into a corporate venture arm. We aim for strategic, financial, and societal impact in our investments,fostering a sustainable food system for tomorrow. We are investing across the agrifood value chain in three primary impact themes: Improve planetary health and diet within the current food system: This includes innovations in agriculture and food security, such as advanced crop breeding or green fertilizers, innovative ingredients and next generation healthy foods, as well as solutions for tracking and improving climate and nature. Novel technologies to feed 10 BN people by 2050: Technologies needed to sustainably produce enough food for our growing population. This includes food production without land use change, such as precision fermentation and cell-culture. A circular system for food & materials: Regardless of whether we grow our food in soil or in bioreactors, the system needs to be circular. Some examples are upcycled ingredients, food from unused sources, new coating and packaging solutions, as well as technologies to prevent or make better use of side streams. We are looking for entrepreneurs in an attractive market space with an intrinsic drive to find a solution to the problem they are addressing, a clear and scalable plan for success, a reliable team and partners whom we can trust and work closely with.

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Investment focus

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

Investor stats

  • Total investments: 15
  • Lead/follow: no public data

Portfolio highlights

  • Elaniti — Elaniti uses recent advances in machine learning and DNA sequencing to make insights on soil biology accessible to farmers and agronomists, empowering precise decision making. Our proprietary outcome-based predictive analytics service, correlates soil biology with vital crop health outcomes like yield, disease prevalence and nutrient content. Thisenables growers to save time and money, for instance by improving the efficiency with which inputs are used, whilst also supporting environmental and sustainability objectives.Through our unique crop prediction insights, our goal is to demonstrate the value of soil’s complex biological makeup, enabling a viable, de-risked, and data-driven transition to Net-Zero agriculture.
  • EvodiaBio — Mirroring nature with pioneering bioscience for natural flavors
  • BlueRedGold — Discover BlueRedGold - the home of exquisite Swedish Saffron, ethically grown and harvested with precision in Sweden. Experience the unparalleled quality of our saffron, perfect for culinary enthusiasts and chefs alike. Join us in embracing sustainable luxury.
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Andreas Ehn
Angel · San Francisco, California, United States · 1 investments in Sweden Manufacturing startups

Andreas is working on a service that will connect people, time and places on the web. He also works as an independent consultant helping other startups with product strategy, technical infrastructure, scalability and recruiting as well as financial companies (venture capital and private equity) with technical due diligence and in other advisorroles.He was CTO at Spotify from the launch of the company in August 2006 until November 2009. Before that he worked at Stardoll as an engineer and project manager.

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Investment focus

  • Industry: Software, Internet, Financial Services
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Sweden, United States, Germany

Investor stats

  • Total investments: 18
  • Round size: Seed $740k–$7.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Leetify — We help gamers identify their weaknesses, work on those weaknesses and track their progression.
  • Mavenoid — Mavenoid is the only product support automation platform built for complex products and devices. Using our unique AI, we solve problems too complex for chatbots
  • Antler — 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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Manufacturing Investor funding in Sweden at a glance

Stats across 235 deals from 295 investors.

295
investors
in Sweden Manufacturing startups
235
deals
in Sweden Manufacturing startups
$3.5M
median round
in Sweden Manufacturing startups
34%
lead investors
lead at least one round
15%
Seed
most common funding stage
88/12
VC / Angel
share of investor count

Access all 295 investors in Sweden Manufacturing startups.

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