# Top 50 Medical VC (Venture Capital) Funds in Sweden in June 2026 ## Almi Invest - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 13 - Stages: Seed, Pre-Seed - Focus: Software, Health Care, Information Technology 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. ## Chalmers Ventures AB - Type: VC Fund - Location: Göteborg, Vastra Gotaland, Sweden - Relevant deals: 11 - Stages: Pre-Seed, Seed - Focus: Software, Biotechnology, Health Care We are a leading tech investor & venture builder in the Nordics. Taking deep tech from lab to market.WELCOMEINVESTMENTS ## Sciety - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 9 - Stages: Seed, Series A - Focus: Health Care, Biotechnology, Medical Whether you are an investor or entrepreneur, partner with Sciety to achieve impactful returns and elevate your life science business in the Nordics. ## Sweet Studio - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 4 - Stages: Pre-Seed - Focus: iOS, Apps, Audio We co-found companies, dedicating our in-house team of designers, developers, and marketers to bring ideas to life. With every venture we co-found, our mission is to advance the consumer experience across industries with world-class technology, data-informed design, and lots of heart. Are you an entrepreneur who shares our mission? ## Hadean Ventures - Type: VC Fund - Location: Oslo, Oslo, Norway - Relevant deals: 4 - Stages: Series A, Series B - Focus: Biotechnology, Health Care, Medical Hadean Ventures is a life science fund manager that invests in life science companies across europe with a particular focus on the nordic region. The funds are backed by leading private and institutional investors. Hadean Ventures has offices in oslo and stockholm and collaborates with world-class academic institutions and start-up hubs across theregion ## Partnerinvest Norr - Type: VC Fund - Location: Piteå, Norrbottens Lan, Sweden - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Manufacturing, Information Technology 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. ## Inventure - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Software, Information Technology, Health Care Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more. ## Bonit Capital - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 3 - Stages: Seed, Series A - Focus: Health Care, Medical, Apps Bonit Capital is a Swedish family-owned investment company. We invest across sectors and asset classes, including social investments and outcome models.Venture Capital - We invest in ambitious founders within the life science sector. We take an active ownership approach by providing capital, industry expertise and access to an internationalnetwork. Our focus areas are digital health, medical technology and diagnostics.Private Equity - We invest in entrepreneurial teams with deep sector expertise and unique market access, primarily in the lower to mid-market buyout segment, with the aim to produce superior returns and meaningful portfolio diversification.Listed Equity - Our strategy is to obtain a broad market exposure through mainly external mandates, and to seek superior returns in individual shares primarily in life science. Among Bonit's main holdings are the world-leading medtech company Elekta AB, founded by Laurent Leksell.Leksell Social Ventures - LSV is the first impact investor in Sweden with a focus on outcome models and direct investments in the areas of mental health, education and social integration. Striving for systemic change, LSV contributes to social innovation and societal development by giving social entrepreneurs and social ideas the necessary prerequisites to develop and progress – through financing, idea development and networking with private, public and nonprofit actors. ## Crowberry Capital - Type: VC Fund - Location: Reykjavík, Gullbringusysla, Iceland - Relevant deals: 3 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Gaming, Health Care Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first. ## Norrsken VC - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Health Care, Food and Beverage We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses. ## Life Science Invest - Type: VC Fund - Location: Bromma, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed - Focus: Biopharma, Biotechnology, Pharmaceutical LSI Academy - New education 2026, read more here ## Project A Ventures - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Software, E-Commerce, Information Technology Project A is an early-stage venture capital firm, combining financial and operational support for technology companies. In addition to $1bn in assets under management, Project A provides its portfolio companies with a wide range of operational support services. This includes more than 100 experts from key areas such as software engineering,business intelligence, marketing, and recruiting. The portfolio includes companies such as Trade Republic, sennder, KRY, Catawiki, WorldRemit, Spryker, and Voi. ## Noaber - Type: VC Fund - Location: Lunteren, Gelderland, The Netherlands - Relevant deals: 2 - Stages: Seed, Series A - Focus: Health Care, Medical, Fitness Noaber Ventures invests in initiatives that bring social transformations using information technology. ## Nordic Science Investments - Type: VC Fund - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Biotechnology, Medical, Health Diagnostics We partner with founders to transform unseen scientific discoveries into future breakthroughs, jointly moving businesses, people, and the world forward. ## Scale Capital - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, SaaS, Information Technology Scale Capital is an early-stage technology investor, helping Nordic, B2B, and tech founder teams scale and win in the US market. ## Otiva - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Fashion, Lifestyle, Marketplace Equity investment company doing Series A to late growth, private and public. Agile and long-term with no fixed holding period. ## Industrifonden - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Series A, Seed - Focus: Software, Biotechnology, Information Technology 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. ## Metsa Spring - Type: VC Fund - Location: Espoo, Southern Finland, Finland - Relevant deals: 2 - Stages: Seed, Series A - Focus: GreenTech, Sustainability, Chemical We boldly invest in and support promising startups and potential innovations that explore new uses for sustainably-grown Nordic wood. ## 3T Invest - Type: VC Fund - Location: Saltsjö-duvnäs, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Series A - Focus: Medical, Health Care, Lifestyle 3T Invest started an interesting and fulfilling journey back in 2009. From the beginning they focused on the establishment of sustainable Venture Capital, supporting innovation and entrepreneurship. they are always committed to backing outstanding entrepreneurs with the necessary resources. ## Index Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Software, E-Commerce, Internet Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. ## Flerie Invest - Type: VC Fund - Relevant deals: 2 - Stages: Series A, Series B - Focus: Health Care, Biotechnology, Medical Flerie is an active long-term life science investor, focusing on biotech and pharmaceutical investments globally. ## Heartcore Capital - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Software, Artificial Intelligence, FinTech Heartcore Capital invests in companies re-enchanting the world through technology. ## SEB Venture Capital - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Series A, Series B - Focus: Software, Information Technology, FinTech 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 thefinancial 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. ## Uppsala universitet Invest AB - Type: VC Fund - Location: Uppsala, Uppsala Lan, Sweden - Relevant deals: 2 - Stages: Seed - Focus: Medical, Health Care, Health Diagnostics Uppsala universitet Invest AB focuses on investment management, particularly in early-stage ventures. The company collaborates with researchers and students, providing financial support and strategic guidance for innovative projects. It aims for long-term investment horizons, typically ranging from 5 to 15 years. Uppsala universitet Invest AB alsopartners with other investors and co-financiers to support research-driven initiatives. ## Karolinska - Type: VC Fund - Location: Solna, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Series A - Focus: Biotechnology, Health Care, Pharmaceutical Karolinska Development aims to create value for patients, researchers, investors and society by developing innovations from world class science into products that can be sold or out-licensed with high returns. The business model is to: SELECT the most commercially attractive medical innovations; DEVELOP innovations to the stage where the greatestreturn on investment can be achieved; and COMMERCIALIZE the innovations through the sale of companies or out-licensing of products.Karolinska Development has developed a well-structured selection process to identify the most commercially attractive medical innovations screened by KIAB. Pharmaceutical development is a high-risk enterprise. In most cases, development projects fail because of side effects or insufficient efficacy. Successful selection of innovations is fundamental to Karolinska Development’s business model, which makes the inflow of new projects crucial. One key to success lies in selecting those innovations that can be developed from scientific findings to products and have significant commercial potential. To date, over 1,300 projects have been screened by KIAB.The portfolio companies are often founded together with the innovators and are initially operated as virtual companies with few or no employees. During the first six to twelve months, the companies normally have minimal fixed costs and technological development is outsourced.The innovator, who is often employed at an academic institution, normally participates as a board member and scientific advisor. The CEO of a portfolio company cooperates closely with a representative of Karolinska Development, who in most cases is also a board member of the company. The companies are capitalized to reach their next milestone, usually within a period of six to eighteen months. Development projects are continuously monitored, and those that do not meet their stipulated targets are discontinued. In the first three to four years, a portfolio company’s operating expenses are often limited to a few million Swedish kronor per year, which cover the cost of external studies and the salary of the staff. In subsequent years, Karolinska Development and other investors play an important role recruiting key expertise to the companiesKarolinska Development intends to realize value by exiting portfolio companies or through out-licensing of projects. Such transactions (especially out-licensing) are often structured as single upfront payments followed by payments based on predetermined milestones and royalties on sales. Although Karolinska Development has a flexible exit strategy, pharmaceutical products are, for two reasons, preferably exited at Phase II. First a successful Phase II study indicates that the pharmaceutical has an effect on patients, which is an important value-enhancing factor when negotiating out-licensing or sales. Secondly, finalizing product development and undertaking Phase III clinical trials frequently requires very large patient populations. In many cases this requires much greater resources than those available at Karolinska Development but these can be found in established pharmaceutical companies. Several licensing deals were closed in 2011 involving projects with a similar focus and development phase to Karolinska Development's projects. ## Novo Holdings - Type: VC Fund - Location: Hellerup, Hovedstaden, Denmark - Relevant deals: 2 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Medical Novo Holdings is a world-leading life science investor with a focus on creating long-term value. ## Jovitech Invest - Type: VC Fund - Location: Västra Frölunda, Vastra Gotaland, Sweden - Relevant deals: 2 - Stages: Seed - Focus: Solar, Medical, Recycling Jovitech Invest help entrepreneur-led companies to grow profitably through active, long-term ownership ## Creandum - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Software, Information Technology, Artificial Intelligence We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond. ## Sting Capital - Type: VC Fund - Location: Kista, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Apps, Medical 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. ## GU Ventures - Type: VC Fund - Location: Gothenburg, Vastra Gotaland, Sweden - Relevant deals: 2 - Stages: Seed, Series A - Focus: Medical, Health Care, Pharmaceutical GU Ventures build businesses out of groundbreaking ideas that help shape a better tomorrow. Our passionate team of company builders, financial experts, IP and legal talent ensure success for our companies. ## Gamlegård Invest - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Medical, Health Care Gamlegård Invest ## Add Health Media - Type: VC Fund - Location: Kista, Stockholms Lan, Sweden - Relevant deals: 1 - Stages: Seed - Focus: Health Care, Medical, Apps Add Health Media is a company that specializes in creating marketing materials for health companies. ## Incos Invest - Type: VC Fund - Location: Falsterbo, Skane Lan, Sweden - Relevant deals: 1 - Stages: Seed, Convertible Note - Focus: Travel, Boating, Medical Incos Invest is a venture capital firm specializing in start-up and early-stage investments. The firm seeks to make investments in companies operating in the industries of cosmetics, perfumes, travel and tourism, real estate, e-commerce, IT, and software development. The company is headquartered in Skane Lan, Sweden. ## Forbion Capital Partners - Type: VC Fund - Location: Naarden, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Series B, Series A, Series C - Focus: Biotechnology, Health Care, Medical Impacting the future of medicine. ## 20 North Street - Type: VC Fund - Relevant deals: 1 - Focus: Medical, mHealth, Wireless 20 North Street is the name HDR Partners uses when adding investors and industrial experience to small growth companies. ## Ferd - Type: VC Fund - Location: Lysaker, Akershus, Norway - Relevant deals: 1 - Stages: Private Equity, Series A - Focus: Software, Energy, Information Technology Ferd er et familieeid investeringsselskap som er eid av femte og sjette generasjon Andresen. ## Accel - Type: VC Fund - Location: Palo Alto, California, United States - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, SaaS, Information Technology First partner to exceptional teams everywhere ## Sunstone Life Science Ventures - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 1 - Stages: Series B, Series A - Focus: Biotechnology, Health Care, Medical Sunstone Life Science Ventures is an independent European venture capital investment firm. We enable and empower life science therapeutics innovations. ## Webrock Ventures - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 1 - Stages: Series A, Seed - Focus: Health Care, Marketplace, Business Intelligence We are a team of entrepreneurs and investment professionals, building digital platforms to empower Brazilians. Since 2016, we have partnered with leading Swedish technology companies to build, invest and support successful companies in Brazil. ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms. ## Nordic Foodtech VC - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Series A - Focus: Biotechnology, Life Science, Water We are investing in #FutureFood. Nordic FoodTech VC is the first fund in the Nordics investing explicitly in the future of food ## Tham Invest - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 1 - Stages: Pre-Seed - Focus: Medical, Wellness, Health Care Tham Invest is an investment firm. ## Zentynel Frontier Investments - Type: VC Fund - Location: Santiago, Region Metropolitana, Chile - Relevant deals: 1 - Stages: Series A, Seed, Angel - Focus: Health Care, Baby, Fitness Zentynel Frontier is a investment firm. ## Faro Capital - Type: VC Fund - Location: Buenos Aires, Distrito Federal, Argentina - Relevant deals: 1 - Stages: Series A, Seed - Focus: Biotechnology, Gaming, Medical FARO is an Argentina company over 10 years of experience in the development and operation of integrated projects in the agribusiness sector. All projects FARO own position it as a reference and leader both locally and internationally.Among his various projects, FARO operates the largest tree planting pecan nut Latin America, with projection tobecome the largest southern hemisphere and one of the largest in the world. This project is structured under different vehicles, including Alto Pecan stands, the first real estate development of nautical fields planted with pecan nut Latin America, located in Villa Paranacito, Entre Ríos . Another project is AgroConsortium, productive trust for the production and marketing of cereals and oilseeds in leased farms located in different productive areas in Argentina and potentially in the region. Finally, thanks to the expertise acquired in agribusiness, FARO developed his own business model for productive land conversion. Its aim is to position rural properties whose productive potential is not reflected in the price and complement the cycle with the economic use of land in intensive production, short and medium term.Since 2006, the Investor Group is a strategic partner OMBU FARO for all investment portfolios development ventures related to agribusiness, that focus on supply both local and international markets. ## SmiLe Inject Capital - Type: VC Fund - Location: Lund, Skane Lan, Sweden - Relevant deals: 1 - Stages: Seed - Focus: Medical, Genetics, Analytics SmiLe Inject Capital is an angel investment company to focus exclusively on early-stage life science companies. ## Fåhraeus Startup and Growth - Type: VC Fund - Location: Lund, Skane Lan, Sweden - Relevant deals: 1 - Stages: Seed - Focus: Medical, Health Care, Organic Food Fåhraeus Startup and Growth is a venture capital fund that invests early in life science and tech companies. ## KTH Holding - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Biotechnology 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. ## Walking Ventures - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Angel - Focus: Software, Health Care, Internet Walking Ventures is a seed fund which invests in early-stage Internet and other technology startups based in Europe. The fund is a private vehicle controlled by Tim Jackson, a leading figure in the European technology scene as a venture capitalist, entrepreneur, angel investor, commentator and technology journalist. ## Sweet Capital - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 1 - Stages: Seed, Series A - Focus: Apps, Software, Mobile Sweet Capital is the private investment fund of the founders of King.com (Candy Crush Saga), following their $5.9b sale to Activision Blizzard in 2015 (ATVI:US; acq. MSFT:US). ## HealthCap - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 1 - Stages: Series B, Series A - Focus: Biotechnology, Health Care, Medical HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.