# LU Innovation

> LU Innovation is a VC fund in Lund backing Health Care, Medical and Biotechnology. See 55 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Lund, Sweden
- Total investments: 55
- Last investment: Nov 2022
- Lead investor: 2%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/lu-innovation
- X (Twitter): http://twitter.com/Innovation_LU
- Website: https://www.innovation.lu.se/en/lu-holding
- Facebook: https://www.facebook.com/lundsuniversitet

LU Innovation is a VC fund in Lund focused on Health Care and Medical. LU Innovation is the hub for innovation and commercialisation at Lund University. They work with the University's researchers and students to bring benefit and growth to society.Their goal and mission is to contribute to increased growth in Sweden by ensuring knowledge and research from Lund University benefit society.By supporting anddeveloping research findings with researchers and students they work to lead more ideas to company formations and/or licensing deals.Services for all researchers and students:- Business advice – support and advice - Verification support – VFT- Market and IP screening – comprehensive survey of markets, competitors and patent situationThe services are freely available to researchers and students at all faculties at Lund University.An important part of the work of LU Innovation is providing commercialisation support to individual researchers or students. As well as business developers with many years of experience from both research and business, they have patent engineers, a communications officer and a lawyer who can help with the process. LU Innovation has two sections: one a part of the public authority and the other a holding company, which function as one unit with a joint mission and joint management.LU Innovation is led by the board of the holding company and the steering group of the public authority section. The members of the two bodies are identical - see board members. The operations are led by Director of Innovation Linus Wiebe, who is both MD of the holding company and head of the public authority section.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $482k–$627k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 17 | 31% |
| Medical | 12 | 22% |
| Biotechnology | 11 | 20% |
| Therapeutics | 6 | 11% |
| Manufacturing | 6 | 11% |

56 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 29 | 53% |
| Funding Round | 19 | 35% |
| Seed | 2 | 4% |
| Series A | 2 | 4% |
| Grant | 1 | 2% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 45 | 82% |
| Egypt | 1 | 2% |
| Denmark | 1 | 2% |
| Germany | 1 | 2% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Selcis BioPharma | Selcis BioPharma is developing a technology where short-chain fatty acids (SCFAs) can be delivered to the colon. |  | Venture - Series Unknown | Nov 14, 2022 |  |
| Quritis | We are a Swedish startup with a mission to help developers harden their containerized services. From years of research in the IT Security space, we have developed a new way to quickly provide additional security layers to containerized services running in the cloud. |  |  | Nov 14, 2022 |  |
| Bifrost security | We are a Swedish startup with a mission to help developers harden their containerized services. From years of research in the IT Security space, we have developed a new way to quickly provide additional security layers to containerized services running in the cloud. |  | Venture - Series Unknown | Nov 14, 2022 |  |
| Suturion | Suturion offers a surgical sewing machine that provides a unique technical solution in surgical suturing. | $1.5M | Venture - Series Unknown | Jul 30, 2022 |  |
| Ablemind | Ablemind develops a new standard for diagnosing mental illness using the patient's own words and AI technology. |  | Venture - Series Unknown | Jun 23, 2022 |  |
| VoiceDiagnostic | VoiceDiagnostic develops a platform through which voice therapists can create, adapt, and asses treatments. |  | Venture - Series Unknown | Apr 07, 2022 |  |
| DUG Foodtech | Veg of Lund is a forward-thinking Swedish company based on scientific food research at Lund University. It developed DUG, a plant-based beverage alternative. The company's goal is to make it simple to choose a no-compromise, plant-based, tasty, and sustainable option that is free of common allergens and benefits the health, society, and thefuture of the planet. Above all, it is dedicated to reducing its environmental impact through efficient land use, low water consumption, and sustainable packaging. |  | Post-IPO Equity | Apr 01, 2022 |  |
| Strominnate Therapeutics | Strominnate Therapeutics is the pioneer in the development of a new era for treating tumors and conditions of the nervous system. |  | Venture - Series Unknown | Apr 01, 2022 |  |
| Mantis Photonics | Mantis Photonics develops a technique of hyperspectral retinal imaging that makes Alzheimer's Disease be diagnosed through the eye's color. |  | Venture - Series Unknown | Jan 21, 2022 |  |
| MedBeat | MedBeat is a medical technology company that offers a modern solution to accurately monitor heart activity. |  | Venture - Series Unknown | Jan 20, 2022 |  |

10 of 55 investments shown.

## Co-investors
- [LU Innovation](https://shizune.co/investors/profile/lu-innovation) — VC Fund, 36 deals together
- [Almi Invest](https://shizune.co/investors/profile/almi-invest) — VC Fund, 4 deals together
- [Mist Ventures](https://shizune.co/investors/profile/mist-ventures) — VC Fund, 2 deals together
- [Alfvén & Didrikson](https://shizune.co/investors/profile/alfv-n-didrikson) — VC Fund, 1 deal together
- [Kinnevik](https://shizune.co/investors/profile/investment-ab-kinnevik) — VC Fund, 1 deal together
- [Quinary Investment](https://shizune.co/investors/profile/quinary-investment) — VC Fund, 1 deal together

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## FAQ

### What does LU Innovation invest in?

LU Innovation invests primarily in Health Care, Medical and Biotechnology startups, most often at Venture - Series Unknown and Funding Round stage. Most of the 55 investments tracked by Shizune back companies in Sweden. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is LU Innovation's check size?

LU Innovation typically joins rounds of $482k–$627k at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds LU Innovation participates in.

### When did LU Innovation last invest?

The most recent investment recorded for LU Innovation closed in Nov 2022. Shizune tracks 55 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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