# SEB Pension Fund

> SEB Pension Fund is a VC fund backing Retail, Printing and Logistics. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 4
- Last investment: Sep 2024
- Lead investor: 50%
- Last updated: Aug 2026

SEB Pension Fund is a VC fund focused on Retail and Printing. SEB Pension Fund

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 25% |
| Printing | 1 | 25% |
| Logistics | 1 | 25% |
| Wholesale | 1 | 25% |
| E-Commerce | 1 | 25% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 2 | 50% |
| Debt Financing | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Norway | 1 | 25% |
| Sweden | 1 | 25% |
| Lithuania | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kauno Grudai | Kauno Grudai is a food product manufacturing company that specializes in crop production, flour products, and fast-food businesses. | $5.6M | Debt Financing | Sep 27, 2024 |  |
| SmartCella | SmartCella is an innovative biotechnology and medtech company. Sweden. SmartCella’s therapeutic mission is to develop treatments for patients running out of options. The company has three main business units, Procella Therapeutics, Smartwise and SvedMed Solutions. | $37.7M |  | Sep 27, 2021 |  |
| Gelato | Gelato is the world’s fastest, smartest and greenest one-stop-shop for customized print products on demand. Our solution enables entrepreneurs, creators, and global brands to sell their products globally and produce them locally in 30 countries, reaching up to 5 billion potential consumers overnight. Thousands of businesses of all sizes - fromcreators and startups to large enterprises - use Gelato’s software and APIs to scale their e-commerce business to new markets.We have offices in Boston, London, Moscow, Mumbai, Santiago, São Paulo, Shanghai, Stockholm, Tallinn, and Tokyo. Our headquarter is in Oslo, Norway. | $240M | Venture - Series Unknown | Aug 16, 2021 |  |
| Gelato | Gelato is the world’s fastest, smartest and greenest one-stop-shop for customized print products on demand. Our solution enables entrepreneurs, creators, and global brands to sell their products globally and produce them locally in 30 countries, reaching up to 5 billion potential consumers overnight. Thousands of businesses of all sizes - fromcreators and startups to large enterprises - use Gelato’s software and APIs to scale their e-commerce business to new markets.We have offices in Boston, London, Moscow, Mumbai, Santiago, São Paulo, Shanghai, Stockholm, Tallinn, and Tokyo. Our headquarter is in Oslo, Norway. | $20M |  | Jun 06, 2018 |  |

4 of 4 investments shown.

## Co-investors
- [Dawn Capital](https://shizune.co/investors/profile/dawn-capital) — VC Fund, 2 deals together
- [AltoCumulus](https://shizune.co/investors/profile/altocumulus) — VC Fund, 1 deal together
- [AMF](https://shizune.co/investors/profile/amf) — VC Fund, 1 deal together
- [Goldman Sachs Asset Management](https://shizune.co/investors/profile/goldman-sachs-asset-management) — VC Fund, 1 deal together
- [Insight Partners](https://shizune.co/investors/profile/insight-partners) — VC Fund, 1 deal together
- [SoftBank Vision Fund](https://shizune.co/investors/profile/softbank-vision-fund) — VC Fund, 1 deal together

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## Featured in investor lists
- [Manufacturing Investors in Norway](https://shizune.co/investors/manufacturing-investors-norway)
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## FAQ

### What does SEB Pension Fund invest in?

SEB Pension Fund invests primarily in Retail, Printing and Logistics startups, most often at Funding Round and Debt Financing stage. Most of the 4 investments tracked by Shizune back companies in Norway. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did SEB Pension Fund last invest?

The most recent investment recorded for SEB Pension Fund closed in Sep 2024. Shizune tracks 4 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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