# Stockholm Business Angels, STOAF

> Stockholm Business Angels, STOAF is a VC fund backing Software. See 24 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Stockholm, Sweden
- Total investments: 24
- Last investment: Jan 2026
- Lead investor: 17%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/stockholms-aff-rs-nglar-ab
- X (Twitter): https://www.twitter.com/stoafse
- Website: http://www.stoaf.se
- Facebook: https://www.facebook.com/stoafse

Stockholm Business Angels, STOAF is a VC fund in Stockholm focused on Software and Nanotechnology. STOAF, is a business angel fund that focuses on early stage investments with home run potentials in the greater Stockholm area and adjacent provinces. STOAF invests in ventures who want an active skills intervention.STOAF started in 2008. It has today close to twenty partners and has made seven investments so far. The ventures are primary withinthe ICT and medical technology areas.

## Contacts

5 contacts available for Stockholm Business Angels, STOAF. Shizune tracks 6 team members at Stockholm Business Angels, STOAF. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/stockholm-business-angels-stoaf?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 13% |
| Nanotechnology | 3 | 13% |
| Health Care | 2 | 8% |
| Manufacturing | 2 | 8% |
| Pharmaceutical | 2 | 8% |

33 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 21% |
| Series A | 5 | 21% |
| Funding Round | 4 | 17% |
| Venture - Series Unknown | 4 | 17% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Sweden | 14 | 58% |
| Ukraine | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Anette Nordvall | Partner | 1 | https://shizune.co/investors/profile/anette-nordvall |
| Eva Lunderquist | Partner | 0 | https://shizune.co/investors/profile/eva-lunderquist |
| Liselotte Engstam | Partner, Investment Committee Member | 0 | https://shizune.co/investors/profile/liselotte-engstam |
| Magnus Eriksson | General partner | 1 | https://shizune.co/investors/profile/magnus-eriksson-473d |
| Per Anders Waern | CEO & General Partner - STOAF III SciTech (Stockholm Business Angels) | 0 | https://shizune.co/investors/profile/per-anders-waern |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Polar Light Technologies | Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology. | $5.8M | Venture - Series Unknown | Jan 12, 2026 |  |
| Polar Light Technologies | Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology. | $5.8M | Venture - Series Unknown | Jan 12, 2026 |  |
| AlixLabs | AlixLabs offers nanostructure fabrication methods using the atomic layer etching process. This method of nanostructure fabrication uses the atomic layer etching process, which is a damage-free etch process. AlixLabs offers an ALE-based method for producing nanostructures with characteristic sizes less than 20 nm. AlixLabs' technologyfabricates nanostructures beyond the resolution limit of optical and electron beam lithography, with applications in nanoelectronic device fabrication, for example. This invention, among other things, may enable an economically viable method of transistor channel scaling for sub-20 nm technology nodes. | $17.3M | Series A | Nov 20, 2025 |  |
| Embedl AB | Embedl offers a diverse set of cutting-edge tools and expertise, empowering AI teams to craft incredibly efficient Deep Learning models. Embedl aims to revolutionize the world of embedded systems by commercializing its state-of-the-art Deep Learning Model Optimization SDK. With Up to 94% reduced energy consumption, 16x increased execution speed,and 8x memory model compression, the SDK enables users to develop market-leading solutions by designing energy-efficient deep learning models that meet real-time requirements in cost-efficient hardware. Through the innovative Model Optimization SDK, the process of generating superior models becomes streamlined and automated.Embedl is committed to innovation and excellence, is deeply connected to academic research, and actively collaborates with prominent industry players. These valuable collaborations nurture a thriving innovation ecosystem, empowering Embedl to constantly push the limits of what's achievable in embedded intelligence. | $6.3M | Seed | Jun 18, 2025 |  |
| SampleFacts | Next generation Dried Blood Spot sampling – separating cells and plasma at the point of collection. | $1.8M | Seed | May 09, 2025 |  |
| Polar Light Technologies | Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology. | $3.5M | Venture - Series Unknown | Apr 03, 2025 |  |
| EmbeDL | EmbeDL is to make its Deep Learning optimization engine commercially viable as a highly scalable service that makes DL-based AI in embedded devices cost- and energy-effective. | $4.3M |  | Jun 20, 2023 |  |
| Embedl AB | Embedl offers a diverse set of cutting-edge tools and expertise, empowering AI teams to craft incredibly efficient Deep Learning models. Embedl aims to revolutionize the world of embedded systems by commercializing its state-of-the-art Deep Learning Model Optimization SDK. With Up to 94% reduced energy consumption, 16x increased execution speed,and 8x memory model compression, the SDK enables users to develop market-leading solutions by designing energy-efficient deep learning models that meet real-time requirements in cost-efficient hardware. Through the innovative Model Optimization SDK, the process of generating superior models becomes streamlined and automated.Embedl is committed to innovation and excellence, is deeply connected to academic research, and actively collaborates with prominent industry players. These valuable collaborations nurture a thriving innovation ecosystem, empowering Embedl to constantly push the limits of what's achievable in embedded intelligence. | $4.3M |  | Jun 20, 2023 |  |
| Embedl AB | Embedl offers a diverse set of cutting-edge tools and expertise, empowering AI teams to craft incredibly efficient Deep Learning models. Embedl aims to revolutionize the world of embedded systems by commercializing its state-of-the-art Deep Learning Model Optimization SDK. With Up to 94% reduced energy consumption, 16x increased execution speed,and 8x memory model compression, the SDK enables users to develop market-leading solutions by designing energy-efficient deep learning models that meet real-time requirements in cost-efficient hardware. Through the innovative Model Optimization SDK, the process of generating superior models becomes streamlined and automated.Embedl is committed to innovation and excellence, is deeply connected to academic research, and actively collaborates with prominent industry players. These valuable collaborations nurture a thriving innovation ecosystem, empowering Embedl to constantly push the limits of what's achievable in embedded intelligence. | $4.2M | Seed | Jun 20, 2023 |  |
| 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. | $11.5M | Series A | Oct 04, 2022 |  |

10 of 24 investments shown.

## Co-investors
- [Almi Invest](https://shizune.co/investors/profile/almi-invest) — VC Fund, 20 deals together
- [Butterfly Ventures](https://shizune.co/investors/profile/butterfly-ventures) — VC Fund, 7 deals together
- [Chalmers Ventures AB](https://shizune.co/investors/profile/chalmers-ventures) — VC Fund, 5 deals together
- [Spintop Ventures](https://shizune.co/investors/profile/spintop-ventures) — VC Fund, 4 deals together
- [European Innovation Council](https://shizune.co/investors/profile/european-innovation-council) — VC Fund, 3 deals together
- [J2L Holding](https://shizune.co/investors/profile/j2l-holding) — VC Fund, 3 deals together

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## FAQ

### What does Stockholm Business Angels, STOAF invest in?

Stockholm Business Angels, STOAF invests primarily in Software, Nanotechnology and Health Care startups, most often at Seed and Series A stage. Most of the 24 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 Stockholm Business Angels, STOAF?

Public channels for Stockholm Business Angels, STOAF include LinkedIn, X (Twitter) 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 Stockholm Business Angels, STOAF?

The team at Stockholm Business Angels, STOAF includes Anette Nordvall (Partner), Eva Lunderquist (Partner) and Liselotte Engstam (Partner, Investment Committee Member), among 6 team members tracked by Shizune. 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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