# Formica Capital

> Formica Capital is a VC fund backing Renewable Energy. See 6 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Göteborg, Sweden
- Total investments: 6
- Last investment: Oct 2022
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/formica-capital-ab/
- Website: https://www.formicacapital.se/

Formica Capital is a Swedish investment company with a long-term ownership strategy. It is owned by the Olsson Eriksson family. Formica Capital creates value by being an active owner in profitable and long-term sustainable companies that positively impact society.

## Contacts

5 contacts available for Formica Capital. Shizune tracks 1 team members at Formica Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/formica-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Renewable Energy | 2 | 33% |
| Information Technology | 2 | 33% |
| Mobile | 1 | 17% |
| Battery | 1 | 17% |
| Consumer | 1 | 17% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 3 | 50% |
| Private Equity | 1 | 17% |
| Convertible Note | 1 | 17% |
| Secondary Market | 1 | 17% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Olof Cato | Founder and CEO | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Polarium | Polarium provides smart lithium-based power backup solutions to the global telecom market. Its battery solutions increase network availability while reducing TCO with minimal environmental impact. | $99.3M | Secondary Market | Oct 18, 2022 |  |
| Orbital Systems | ORBITAL SYSTEMS is an award-winning clean-tech startup in Malmö, Sweden. Founder and CEO, Mehrdad Mahdjoubi, developed the world's most advanced shower system allowing up to 90% water savings and 80% energy savings while increasing comfort and hygiene. Inspired by an academic cooperation project with NASA, the company was launched under thementorship of Skype’s Founder Niklas Zennström, and is today in a fast-growth stage. | $23M | Convertible Note | Jan 25, 2022 |  |
| Nock Massiva Trähus | Nock Massiva Trähus produces apartment buildings in solid wood with modern and rational volume construction technology. |  | Venture - Series Unknown | Nov 29, 2021 |  |
| ChargeNode | ChargeNode is a ground-breaking charging technology company. Their products include laddsystem, mobile charging system, and product sheet. They provide housing associations, communities, offices, rental properties, public, semipublic parking, and destination services. Their charging technology enables multiple EVs to share a centralized chargingunit where only a charging socket is located at each parking bay. | $13M | Venture - Series Unknown | Nov 18, 2021 |  |
| Swedish Algae Factory | Swedish Algae Factory extracts with silicon algae as a raw material a nanoporous material from these algae, which when applied to solar panels gives increased efficiency. The first tests in laboratory environments indicate a significant increase in efficiency. | $5.4M | Venture - Series Unknown | Mar 17, 2020 |  |
| Ecokraft |  |  | Private Equity |  |  |

6 of 6 investments shown.

## Co-investors
- [Aqua Spark](https://shizune.co/investors/profile/aqua-sparks) — VC Fund, 2 deals together
- [Chalmers Ventures AB](https://shizune.co/investors/profile/chalmers-ventures) — VC Fund, 2 deals together
- [Absolute Unlisted](https://shizune.co/investors/profile/absolute-unlisted) — VC Fund, 1 deal together
- [Alecta](https://shizune.co/investors/profile/alecta) — VC Fund, 1 deal together
- [Almi Invest](https://shizune.co/investors/profile/almi-invest) — VC Fund, 1 deal together
- [Almi Invest GreenTech](https://shizune.co/investors/profile/almi-invest-greentech) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Bossa Invest](https://shizune.co/investors/profile/bossanova-investimentos) — VC Fund
- [Almi Invest](https://shizune.co/investors/profile/almi-invest) — VC Fund
- [Korea Credit Guarantee Fund](https://shizune.co/investors/profile/korea-credit-guarantee-fund) — VC Fund

## FAQ

### What does Formica Capital invest in?

Formica Capital invests primarily in Renewable Energy, Information Technology and Mobile startups, most often at Venture - Series Unknown and Private Equity stage. Most of the 6 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Formica Capital?

Public channels for Formica Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Formica Capital?

The team at Formica Capital includes Olof Cato (Founder and CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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