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Top 50 Retail VC Funds & Investors in Sweden (November 2026)

The most active venture capital funds investing in Sweden Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Retail startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Propel Capital
VC Fund
8 Sweden, United States, Norway Convertible Note, Pre-Seed, Seed Software, E-Commerce, Health Care $24k–$615k
Wellstreet
VC Fund
6 Sweden, Norway, Finland Venture - Series Unknown, Seed Software, E-Commerce, Retail $216k–$5M
Antler
VC Fund
6 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
NFT Ventures
VC Fund
4 Sweden, Finland, United Kingdom Venture - Series Unknown, Seed, Series A Financial Services, FinTech, Apps $360k–$4.7M
Almi Invest
VC Fund
4 Sweden, Norway, United States Venture - Series Unknown, Seed Software, Health Care, Manufacturing $226k–$3.5M
Industrifonden
VC Fund
3 Sweden, United States, Denmark Series A, Venture - Series Unknown Biotechnology, Software, Information Technology $1.6M–$21M
Chalmers Ventures AB
VC Fund
3 Sweden, United States Pre-Seed, Seed, Venture - Series Unknown Software, Biotechnology, Information Technology $5.8k–$3.5M
Iron Wolf Capital
VC Fund
3 Lithuania, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, SaaS $120k–$7.3M
Aggregate Media
VC Fund
3 Sweden Venture - Series Unknown, Seed E-Commerce, Software, Information Technology $406k–$2.4M
Verdane
VC Fund
3 Sweden, Norway, Germany Venture - Series Unknown, Private Equity Software, E-Commerce, Information Technology $2.2M–$100M
Collector Ventures
VC Fund
2 Sweden Venture - Series Unknown, Seed, Series A Financial Services, FinTech, E-Commerce $546k–$7.7M
henQ
VC Fund
2 The Netherlands, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$33M
eEquity
VC Fund
2 Sweden, Denmark, Finland Venture - Series Unknown, Private Equity, Seed E-Commerce, Fashion, Retail $2.4M–$15M
J12
VC Fund
2 Sweden, Norway, Germany Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$30M
Schibsted Growth
VC Fund
2 Sweden, Norway, France Venture - Series Unknown, Seed Internet, Financial Services, E-Commerce $123k–$7.7M
Norrsken VC
VC Fund
2 Sweden, United Kingdom, Germany Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Health Care $893k–$156M
Swedbank
VC Fund
2 Sweden, Finland, Estonia Post-IPO Debt, Debt Financing Energy, Real Estate, Renewable Energy $20M–$928M
Coinvest Capital
VC Fund
2 Lithuania, United Kingdom, The Netherlands Seed, Pre-Seed Software, Artificial Intelligence, Manufacturing $320k–$3.2M
Red Pill VC
VC Fund
2 Sweden Pre-Seed, Venture - Series Unknown Retail, Chemical, Software $416k–$645k
Brightly Ventures
VC Fund
2 Sweden, United States Seed, Series A Software, Information Technology, SaaS $1.3M–$16M
Northzone
VC Fund
2 United States, Sweden, United Kingdom Series A, Series B, Seed Software, Artificial Intelligence, FinTech $2.4M–$100M
1apeiron
VC Fund
2 Sweden Seed, Angel Retail
Seedcamp
VC Fund
1 United Kingdom, United States, France Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $469k–$30M
Collector Bank
VC Fund
1 Sweden, Norway Debt Financing, Venture - Series Unknown Financial Services, Retail, Payments
LEVELS - The Venture Studio
VC Fund
1 Sweden, Thailand Venture - Series Unknown, Seed E-Commerce, Recruiting, Apps
Bonnier Capital
VC Fund
1 Sweden, Finland, Germany Venture - Series Unknown, Seed, Series A E-Commerce, Internet, Software $1M–$61M
Heartcore Capital
VC Fund
1 United States, Denmark, Germany Seed, Series A, Series B Software, Artificial Intelligence, E-Commerce $1.3M–$58M
Black Pearls VC
VC Fund
1 Poland, United States, United Kingdom Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $38k–$2.6M
Marius Jakulis Jason foundation
VC Fund
1 Sweden, Lithuania Pre-Seed EdTech, Retail, Software $416k–$1M
Foxmont Capital Partners
VC Fund
1 Philippines, Singapore, United States Seed, Series A, Pre-Seed E-Commerce, Software, FinTech $120k–$20M
GroundBreak Ventures
VC Fund
1 Canada, United States, United Kingdom Seed, Series A, Pre-Seed Software, Real Estate, SaaS $530k–$13M
HS Group
VC Fund
1 Sweden Venture - Series Unknown Retail, Internet, E-Commerce
Bling Capital
VC Fund
1 United States, Sweden, Canada Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $184k–$25M
DHS Venture Partners
VC Fund
1 Sweden Pre-Seed, Venture - Series Unknown Software, SaaS, Big Data $90k–$1.5M
Luminar Ventures
VC Fund
1 Sweden, Norway, United States Seed, Series A, Pre-Seed Software, Information Technology, SaaS $420k–$21M
Rävberget Venture Capital AB
VC Fund
1 Sweden Seed Rental, Retail, Peer to Peer
3T Invest
VC Fund
1 Sweden, India Seed, Series A, Angel Health Care, Medical, Software $454k–$6.5M
Futurology Ventures
VC Fund
1 Sweden, United Kingdom, Estonia Seed, Pre-Seed Software, Food and Beverage, Information Technology $110k–$4.3M
NGL
VC Fund
1 Lithuania, Denmark, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $700k–$7.1M
DEPO Ventures
VC Fund
1 Czech Republic, United States, Estonia Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $300k–$4.3M
SF Ventures
VC Fund
1 Sweden, Norway Venture - Series Unknown, Pre-Seed Software, Real Estate, Property Management $342k–$3.3M
BADideas.fund
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$3.6M
Creades AB
VC Fund
1 Sweden, United States, Luxembourg Venture - Series Unknown, Seed, Series A Software, E-Commerce, Apps $1.4M–$100M
The Nordic Web Ventures
VC Fund
1 Denmark, Norway, Sweden Pre-Seed, Seed, Angel Software, Artificial Intelligence, SaaS $250k–$5M
42CAP
VC Fund
1 Germany, France, Sweden Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $1.3M–$19M
XVC Tech
VC Fund
1 Singapore, United Arab Emirates, India Seed, Pre-Seed, Grant Blockchain, Web3, Artificial Intelligence $100k–$2.2M
NCPA Capital
VC Fund
1 Sweden Pre-Seed Retail, Wellness, E-Commerce
Absolute Unlisted
VC Fund
1 Sweden Secondary Market, Venture - Series Unknown Mobile, Retail, Battery
Spintop Ventures
VC Fund
1 Sweden, Finland, Norway Seed, Venture - Series Unknown, Series A Software, Information Technology, Artificial Intelligence $907k–$11M
CVX Ventures
VC Fund
1 Denmark, Sweden, Norway Seed, Pre-Seed, Angel Manufacturing, SaaS, Gaming $44k–$5.5M
Access all 133 VC funds in Sweden Retail startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Propel Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 8 investments in Sweden Retail startups

Founded in 2014, Propel Capital has invested in over 170+ Sting startups. Offering generous investments to early-stage tech companies.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Convertible Note, Pre-Seed, Seed
  • Geography: Sweden, United States, Norway

Investor stats

  • Total investments: 173
  • Round size: Seed $24k–$615k; Pre-Seed $34k–$580k; Convertible Note $34k–$55k
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $3M in 2022

Portfolio highlights

  • Mother — Mother is a deep-tech mental health company that aims to fill the niche between conventional health services and self-help approaches.
  • Seaqure Labs AB — Seaqure Labs is a biotech startup utilizing mycoproteins as the solution for current unsustainable methods within aquaculture. Grounded in the fundamental principles of the circular economy, the technology empowers us to manufacture sustainable, economically viable ingredients, great for the planet and great for fish.
  • Freya Industries — Freya Industries builds the intelligence layer for physical security: connected sensors and the platform that turns what they capture into actionable insights
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Wellstreet
VC Fund · Stockholm, Stockholms Lan, Sweden · 6 investments in Sweden Retail startups

Wellstreet is an innovation and tech ecosystem that includes an investment company, a strategic consultancy firm and a venture building incubator.

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Investment focus

  • Industry: Software, E-Commerce, Retail
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, Finland

Investor stats

  • Total investments: 66
  • Round size: Seed $216k–$1.4M; Venture - Series Unknown $319k–$5M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • Deedster — Accelerate your business by connecting and engaging your audience and employees with sustainability data, insights, and actions.
  • Key Ward — Accelerate your engineering projects with data intelligence. Mitigate the risk of late stage failures in your AI adoption journey with our no-code platform.
  • Berget AI — EU-compliant inference service and AI infrastructure built by developers for developers.
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Antler
VC Fund · Singapore, Central Region, Singapore · 6 investments in Sweden Retail startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 2394
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$611k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Praktiki — Praktiki is the AI platform for medical education: expert-led, case-based 5-minute modules HCPs love, built in hours and measured for behaviour change.
  • ReportsAI — ReportsAI is an impact operating system that automates data collection and reporting for NGOs and industry to ensure audit-ready compliance.
  • Plouton AI —
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NFT Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Retail startups

We drive the fintech revolution Next Financial Technology Ventures Backing fintech pioneers since 2014 We aim to capture the shift in the financial industry and empower the entrepreneurs to realize their potential Our Story Strong portfolio across Fintech View the full portfolio Exciting news from the NFT portfolio View all news

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Investment focus

  • Industry: Financial Services, FinTech, Apps
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Sweden, Finland, United Kingdom

Investor stats

  • Total investments: 57
  • Round size: Seed $688k–$3.6M; Series A $1.3M–$2.9M; Venture - Series Unknown $360k–$4.7M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Yabie — Yabie's Payment and POS systems take the effort out of selling. It's the most intuitive, hassle-free and mobile way of interacting with your customers and making a sale.
  • Invoier AB — Invoier is on a mission to help small and medium sized businesses become more competitive by changing the behaviour to access and price working capital. Founded in Stockholm, the financial technology company revolutionised short term financing with the world’s first spot market in real time for invoice trading. Today Invoier offers a platformfor businesses in Europe to get paid directly, plan the liquidity and grow its business. Backed by the EIC/European Investment Bank and partnering with some of the biggest investors we are quickly changing how the world sees SME financing. Join us on our mission! Visit: https://www.invoier.com/
  • Oort Digital — Oort Digital offers users to store, send, borrow, lease, trade, pay, mine, and game with NFTs.
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Retail startups

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.

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Investment focus

  • Industry: Software, Health Care, Manufacturing
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 600
  • Round size: Seed $226k–$2.2M; Venture - Series Unknown $338k–$3.5M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $64M in 2024

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Indevex AB — Indevex is a science-based and privately owned biotech company from Sweden. A natural and reliable partner, providing evidence based natural nutrition concepts based on the patented NGC™ Formula.
  • Xaga Surgical — Xaga Surgical aims to minimize the risk of infections by inventing safer medical needles.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Retail startups

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 companies include tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

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Investment focus

  • Industry: Biotechnology, Software, Information Technology
  • Stage:Series A, Venture - Series Unknown
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 205
  • Round size: Series A $3.3M–$21M; Venture - Series Unknown $1.6M–$20M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Avtal24 — Avtal24 offers in an easily accessible manner agreements for both private individuals and companies. They believe in making the law available to everyone and they want everyone to have access to legal security. With us, you write agreements online or together with a lawyer by phone. Always at a fixed price. With high legal expertise, innovativetechnology and great focus on customer benefit and offer the market's most accessible legal services.Avtal24 was founded in 2004 and is headquartered in Stockholm, Sweden.
  • Fibbl — Enhance your e-commerce store with high-quality 3D product visualization for footwear. Scale 3D, AR, and virtual try-on experiences to boost engagement and conversions.
  • Trackpaw Scientific — Stress-free 24/7 home-cage monitoring of weight, activity and behaviour for every animal, without handling and without blind spots.
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Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 3 investments in Sweden Retail startups

We are a leading tech investor & venture builder in the Nordics. Taking deep tech from lab to market.WELCOMEINVESTMENTS

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Investment focus

  • Industry: Software, Biotechnology, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Sweden, United States

Investor stats

  • Total investments: 283
  • Round size: Seed $237k–$2.5M; Pre-Seed $5.8k–$349k; Venture - Series Unknown $357k–$3.5M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Solinide Photonics — Solinide Photonics is a technological company spun out of Chalmers University of Technology. It develops ultra-efficient silicon nitride-based photonic circuits and microcomb technologies.
  • InfiniNode Technologies AB — InfiniNode is a semiconductor IP company that seeks to enable efficient data movement in future compute systems.
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Iron Wolf Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 3 investments in Sweden Retail startups, 7 in the past 12 months

We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, Estonia, United Kingdom

Investor stats

  • Total investments: 47
  • Round size: Seed $336k–$2.6M; Pre-Seed $120k–$1M; Series A $3.2M–$7.3M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $77M in 2023

Portfolio highlights

  • Vegvisir — Revolutionising battlefield capabilities with XR technologies. Situational awareness & enchanced decision making for manned vehicles, remote platforms and command stations.
  • Blackswan Space — for satellite integrators and operators to enable the next step in in-orbit capabilities
  • Buntar Aerospace — Buntar Aerospace is an aerospace manufacturing company. It provides navigation systems with artificial intelligence modules,drones, and custom software.
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Aggregate Media
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Retail startups

Aggregate is a venture capital company investing with media as expansion capital - media for equity. Since the start 2002, Aggregate has made over 250 transactions in a variety of industries; e-commerce, digital services, product- and B2B-companies etc. Aggregate target companies which today are not able to maximize the effect on their market, in lack of capital for media advertising.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 40
  • Round size: Seed $432k–$2.4M; Venture - Series Unknown $406k–$2.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Yazen — Yazen is a digital healthcare provider that offers tailored weight loss programs, combining medical treatments with lifestyle coaching. The platform connects users with a team of experts, including doctors, dietitians, and personal trainers, to create individualized weight management plans.
  • Bärta — Bärta produces vegan and organic food from naturally fermented organic peas.
  • Swedish Temptations — Swedish Temptations, founded in 2019 by CEO Pia Qvarnström, built a brand named Bärta for producing organic, vegan and fermented food. The ingredients include Swedish split peas.
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Verdane
VC Fund · Oslo, Oslo, Norway · 3 investments in Sweden Retail startups

The preferred growth partner to tech-enabled businesses in Northern Europe.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Venture - Series Unknown, Private Equity
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 173
  • Round size: Private Equity $11M–$100M; Venture - Series Unknown $2.2M–$96M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely actively investing — fresh fund, raised $2B in 2025

Portfolio highlights

  • Babyshop — Babyshop was founded in 2006 with vision of building the best online store in the northern parts of Europe for children clothing. Babyshop want to inspire by offer an exclusive shopping experience and excellent customer service with the best mixture of high-quality brands. Here you'll find baby and children's clothes, shoes, toys,strollers, car seats, maternity clothes, accessories and more for children 0-10 years.
  • Guardsquare — Guardsquare is the leader in mobile application security, with multi-layered protection for your Android and iOS apps. Learn more.
  • Eterno Health — Eterno Health operates in the healthcare sector, providing spaces where medical practitioners can independently conduct their practices. The company focuses on preventative healthcare, offering modern facilities for doctors and therapists across various specialties. Eterno Health supports a wide range of health services, aiming to enhance patientcare through accessible and well-equipped practice areas. The organization also engages in health consultations and treatments, ensuring that these services are delivered in state-of-the-art environments. Eterno Health is committed to strengthening health outcomes by facilitating quality healthcare services.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Collector Ventures
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 2 investments in Sweden Retail startups

Collector Ventures is the investment vehicle of of Collector Bank, founded by Lena Apler.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 16
  • Round size: Seed $693k–$5M; Venture - Series Unknown $546k–$7.7M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Gimi — Gimi teaches your child about saving, spending & earning money. Gimi is an award-winning app that gives children financial superskills that last a lifetime.
  • Leeroy — Leeroy provides a technology platform that transforms customer data into marketing both on-site in-store and mobile. Leeroy provides merchants with tools to communicate and interact with the customer in real time leveraging efficiency, revenues and customer experience putting the merchant in the driver seat. The company's platform is aproduction and distribution tool for several different digital channels: in-store with communication by digital signage and by mobile to enhance loyalty.
  • Capcito — Capcito is a provider of working capital to SMEs. Products are invoice discounting, factoring and business loans, all offered with a click of a button. Smoothly integrated with cloud accounting applications and banks. A proprietary lending platform and scoring engine is continuously being developed to improve accuracy on credit assessment andprovide a more lean and relevant solution to SMEs in need of financing for further growth. Capcito strives to empower businesses to grow.
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henQ
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Retail startups

We back the best European founders with up to €10M tickets. We like any early-stage B2B business that is simply a little different, whether your market is considered “too boring” by some, your business model a little atypical, or your founder-passion bordering on obsession.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: The Netherlands, United States, France

Investor stats

  • Total investments: 71
  • Round size: Seed $1M–$4.2M; Series A $900k–$16M; Series B $1.5M–$33M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: Likely actively investing — fresh fund, raised $78M in 2025

Portfolio highlights

  • Tanso — Tanso Technologies is a software company based in Munich that offers a carbon intelligence suite to industrial companies, with its solution for Corporate Carbon Footprint (CCF), Product Carbon Footprint (PCF), and ESG management for ESRS compliance. Tanso’s solution is supported by the European Innovation Council (EIC), as well as notable VCfunds like Capnamic and UVC Partners, and angel investors, and is used by leading German industrial companies.More information about Tanso can be found here: www.tanso.de
  • Kanpla — Connect digitally with your guests and combine the physical canteen with a digital experience.
  • Tomorro — Leeway helps you reduce the time spent on contract management and gives you more control and visibility over legal and financial risks.
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eEquity
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Retail startups

eEquity invests in online related business models, primarily in the Nordics with the ambition to build large market leaders. The ambition for each investment is to build market-leading businesses in close partnerships with entrepreneurs.Since They have a comprehensive portfolio of companies within the same business fields the entrepreneurs willsignificantly benefit from being plugged into Their network and from exchanging experience and expertise between the portfolio companies.They look for passionate entrepreneurs with a scalable and differentiated business model that adresses a substantial market. They are opportunistic in their investment process.

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Investment focus

  • Industry: E-Commerce, Fashion, Retail
  • Stage:Venture - Series Unknown, Private Equity, Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 29
  • Round size: Seed $2.4M–$15M; Private Equity $3.6M–$7.4M; Venture - Series Unknown $2.4M–$7.1M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — raised $90M in 2015

Portfolio highlights

  • Briqpay — Briqpay provides solutions to enable and make business-to-business sales online more accessible. With Briqpay, merchants can have full control of the entire customer journey, from creating an account to the checkout and finally analyzing the data in their back office.
  • Go North — Go North is an e-commerce aggregator operated by Amazon FBA entrepreneurs.
  • Camphouse — Camphouse unifies media planning, budgets, activation and reporting in one platform, so advertisers and agencies plan with clarity and control.
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Retail startups, 6 in the past 12 months

J12 is a thesis-driven venture capital firm partnering early with technical founders across Europe to build category-defining data and AI companies across infrastructure, tooling, and domain-specific applications

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 64
  • Round size: Seed $1.1M–$8M; Pre-Seed $974k–$4.1M; Series A $7M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Camphouse — Camphouse unifies media planning, budgets, activation and reporting in one platform, so advertisers and agencies plan with clarity and control.
  • Volve — AI for construction tendering: contract review, quantity take-off, scope review, bid development and offer comparison. Every finding traced to source.
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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Schibsted Growth
VC Fund · Oslo, Oslo, Norway · 2 investments in Sweden Retail startups

Schibsted Growth is a part of Schibsted Media Group, that invests in and manages a portfolio of fast growing digital companies. With offices in Oslo, Paris and Stockholm the Schibsted Growth team invests in ambitious digital companies with a plan to change the world. The team can help smart founders and winning teams to establish products or services, scale their business, maximize growth and ultimately to become market leaders. By working alongside entrepreneurs, providing cash funding and leveraging the gathered experience and resources within Schibsted Media Group. (Schibsted Media Group operates on 5 continents, in more than 40 markets and provides services that reach hundreds of millions of people around the world every day, empowering people in their daily life.)

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Investment focus

  • Industry: Internet, Financial Services, E-Commerce
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Norway, France

Investor stats

  • Total investments: 51
  • Round size: Seed $123k–$7.1M; Venture - Series Unknown $814k–$7.7M
  • Lead/follow: 78% lead, 22% follow

Portfolio highlights

  • Bookis — Bookis is the Next-Generation Online Bookstore with Direct Author Compensation, making the sharing of stories and knowledge playfully easy - from all bookshelves, for everyone. We leverage community, technology and innovative distribution to enable radically easier peer-to-peer bookselling, with fair author compensation models. Building theworld's largest network of authors fighting for a more fair book industry worldwide.
  • Dintero — Dintero is a fintech startup delivering payment, checkout, CRM, and loyalty solutions. The startup's checkout solution offers popular payment methods like Vipps, Swish, invoice, financing, and card payments. It has built its solution for split payment, so that the payments can be split regardless of the payment method. Dintero's aim isfor an online store to be able to choose exactly the payment methods the store itself wants.
  • Campanyon — Campanyon is a provider of an outdoor accommodation booking platform intended for people to find and book their next outdoor adventure by connecting campers with hosts.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Retail startups

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 110
  • Round size: Seed $893k–$14M; Series A $4.4M–$52M; Venture - Series Unknown $1.1M–$156M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $346M in 2024

Portfolio highlights

  • Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
  • Endra — Endra is a purpose-built platform for modern MEP engineering. Generate 3D models and drawings, sync with Revit and enjoy coordinated design workflows.
  • Sava Technology — SAVA is reinventing health monitoring with a novel biosensing platform enabling real-time, affordable, and painless molecular monitoring.
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Swedbank
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Sweden Retail startups, 11 in the past 12 months

Swedbank AB (formerly Föreningssparbanken) is a Nordic-Baltic banking group offering retail banking, asset management, financial, and other services.Swedbank is a modern bank firmly rooted in Swedish savings bank history.

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Investment focus

  • Industry: Energy, Real Estate, Renewable Energy
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Sweden, Finland, Estonia

Investor stats

  • Total investments: 52
  • Round size: Post-IPO Debt $20M–$786M; Debt Financing $20M–$928M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Bonava — Bonava is a real estate company. They offer apartments and single-family housing to consumers and rental apartments to investors. It constructs several types of homes, such as multi-family housing, single-family homes, and semi-detached houses with various types of tenure.
  • Utilitas — Utilitas is an energy group that specializes in heat and electricity production and the provision of district heating services.
  • VOI Technology — Voi is a micromobility company operating e-bikes and e-scooters in 150+ cities. EBIT-profitable since 2024.
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Coinvest Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Sweden Retail startups, 6 in the past 12 months

Coinvest Capital invests in start-ups and companies undergoing business development and growth with groups of business angels.

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Investment focus

  • Industry: Software, Artificial Intelligence, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: Lithuania, United Kingdom, The Netherlands

Investor stats

  • Total investments: 67
  • Round size: Seed $320k–$3.2M; Pre-Seed $323k–$1.3M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Tingit — Tiings is a zero-effort fashion repairs marketplace for busy people & brands.
  • Monopulse — Monopulse is producing secure UAVs in Europe exclusively tailored for Government, Military, and Law Enforcement use
  • PDKinematics — PDKINEMATICS builds precision guidance systems for the UAV era.
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Red Pill VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Retail startups

Red Pill VC is a venture capital firm which make early-stage investments and has a preference for minority stakes.

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Investment focus

  • Industry: Retail, Chemical, Software
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Sweden

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $416k–$645k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Traxlo — We are at the technology and retail industries intersection. Our longtime experience in the industry taught us that only the right innovation has the potential to make a positive impact. Thus we aim to make our solutions as seamless as possible to be able to add only benefits to every worker who uses our apps and to every retail store manager whohas lots on her plate, day in, day out.
  • EnginZyme — Enzymatic chemistry for cleaner ingredients in personal care, food and pharma. Enginzyme's patented EziG platform makes enzymes work at industrial scale.
  • PaperShell — PaperShell is building back paper into sustainable, load bearing natural fiber components. Using science, we reverse engineer paper back into high tech artificial 3D-wood components. Stronger than plastics, versatile like glass fibre and lighter than aluminium. Enabling our clients to switch materials in new or exciting products. Helping them makesubstantial GHG reduction and transition to a circular bio economy.
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Brightly Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Retail startups

Brightly Ventures backs bold founders on a mission to transform industries and change the world for the better. Brightly is an early-stage investor focused on the Nordics. It has a hands-on approach supporting high-potential ideas and bringing them to market. It makes a deep commitment to each investment we make and draw upon its network andcompany-building experience to help boost the journey.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, United States

Investor stats

  • Total investments: 31
  • Round size: Seed $1.3M–$4.5M; Series A $4M–$16M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Evam — Incident response software for fire, ambulance and police. Faster routes, fewer routine steps and one shared picture from field to control. Book a demo.
  • Hooked Foods — Hooked Foods is working on a plant-based tuna substitute. By serving delicious plant-based seafood for everyone to enjoy, the company is leading the transition to a healthier seafood ecosystem. The company was established in 2019 and is headquartered in Sweden.
  • Fast Travel Games — Fast Travel Games is a VR exclusive game developer and publisher, founded by industry leading veterans and behind acclaimed titles such as Apex Construct and Wraith: The Oblivion - Afterlife.
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Northzone
VC Fund · London, England, United Kingdom · 2 investments in Sweden Retail startups

Northzone is a multi-stage venture capital firm operating across Europe and the US. Since 1996, it has backed more than 250 companies, including Spotify, Klarna, Spring Health, and Black Forest Labs.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 375
  • Round size: Seed $2.4M–$23M; Series A $4.5M–$32M; Series B $7.4M–$100M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.1B in 2022

Portfolio highlights

  • Duvo — Duvo brings your people, AI agents and existing systems together to map, run and improve your processes, with decisions, exceptions and results in one place.
  • Rayon — Built for Speed. Designed for Teams.
  • SolveAI —
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1apeiron
VC Fund · Miami, Florida, United States · 2 investments in Sweden Retail startups

1apeiron Their focus is to help entrepreneurs build and scale their business globally. They provide additional value by helping with corporate strategy, business development, and facilitating connections, which helps Their companies reach unprecedented growth.

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Investment focus

  • Industry: Retail
  • Stage:Seed, Angel
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gastrofy — Gastrofy is a Stockholm-based start-up that is changing the way people plan and buy groceries. Their weekly subscription service delivers everything you need to make fresh meals from recommended recipes that are personally relevant. Gastrofy is all about personalization and flexibility for their costumers: Change recipes, add extra items andchange delivery slot up to 24h until delivery. Through API to Sweden’s biggest supermarket chains, groceries are packed and home-delivered.
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Seedcamp
VC Fund · London, England, United Kingdom · 1 investments in Sweden Retail startups, 41 in the past 12 months

By Your Side from Day One

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 668
  • Round size: Seed $469k–$8M; Pre-Seed $588k–$3.5M; Series A $5M–$30M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely actively investing — fresh fund, raised $220M in 2026

Portfolio highlights

  • i23 — i23 is an insurtech startup that builds an artificial intelligence platform to automate administrative workflows for commercial insurance brokers.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Vessla — Vessla is the agentic OS for property operations, where agents and people run work together across the portfolio.
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Collector Bank
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 1 investments in Sweden Retail startups

Collector is a niche bank that offers cost-effective and innovative financial solutions to private and corporate customers.

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Investment focus

  • Industry: Financial Services, Retail, Payments
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Sweden, Norway

Investor stats

  • Total investments: 4
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Yabie — Yabie's Payment and POS systems take the effort out of selling. It's the most intuitive, hassle-free and mobile way of interacting with your customers and making a sale.
  • Splitgrid — Splitgrid distribute cash funds automatically, which reduces the capital tied up for the store and risk minimizes for the supplier.
  • 24SevenFinans — 24SevenFinans is provides invoice purchasing services and focus on low operating costs.
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LEVELS - The Venture Studio
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

We create, grow & invest in brilliant digital businesses. As a tech partner and venture studio, we help small ventures to scale and large organizations to innovate and move quickly.

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Investment focus

  • Industry: E-Commerce, Recruiting, Apps
  • Stage:Venture - Series Unknown, Seed
  • Geography: Sweden, Thailand

Investor stats

  • Total investments: 10
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Djungo — Djungo is a social discovery app that makes people get together. Our focus is on making friends instead of followers, connecting users in interest based group chats where meaningful relationships are sparked and communities are built, both online and IRL, on the basis of mutual interests and values. Bringing people together for a world enriched byour similarities instead of differences. Come Together, Be Together, Get Together.
  • HOMITO — HOMITO utilizes cutting-edge technology to protect against issues that can arise during rental transactions.
  • White Guide — White Guide website
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Bonnier Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

Bonnier Capital is the investment division of the Bonnier Group. Since 2016, we invest in promising companies in structurally growing industries and have become a reliant investment partner to companies of various sizes.

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Sweden, Finland, Germany

Investor stats

  • Total investments: 61
  • Round size: Seed $1M–$5.9M; Series A $4M–$21M; Venture - Series Unknown $1.3M–$61M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Vertiseit — Vertiseit is a leading Digital In-store company offering In-store Experience Management (IXM) platforms that bridge the gap between the physical and digital customer meeting.
  • AAC Clyde Space — At AAC Clyde Space we specialise in small satellite constellations and Space Data services that enable businesses, governments and educational organisations to access high-quality, timely data from space. This data has a vast range of applications, from weather forecasting to precision farming, maritime domain awareness to environmental monitoring.
  • Mediaflow Europe — Mediaflow is the platform that makes your files easy to find, your collaboration seamless and your brand stronger.
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Heartcore Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Sweden Retail startups

Heartcore Capital invests in companies re-enchanting the world through technology.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Germany

Investor stats

  • Total investments: 223
  • Round size: Seed $1.3M–$11M; Series A $3.4M–$27M; Series B $9.5M–$58M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely actively investing — fresh fund, raised $179M in 2024

Portfolio highlights

  • Fora — Fora's expert travel advisors will help you plan your dream trip while unlocking exclusive perks and upgrades. Welcome to the modern travel agency.
  • Nous — Find out exactly how your household finances will be affected by the cost-of-living crisis with Nous on your side.
  • PhaseTree — Materials design simulation company - PhaseTree ApS
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Black Pearls VC
VC Fund · Gdansk, Pomorskie, Poland · 1 investments in Sweden Retail startups

Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 72
  • Round size: Seed $170k–$2.6M; Pre-Seed $38k–$1M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • swotzy. — Swotzy offers a shipping platform to assist e-commerce retailers in streamlining their last-mile operations and reducing operating expenses by always using the best-suited carrier.
  • Sauna by Wordware — A collaborative prompt engineering IDE
  • Certifier — Certifier is the leading software to create, issue, and verify certificates in bulk. An AI-powered platform for managing digital certificates, credentials, and badges.
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Marius Jakulis Jason foundation
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Sweden Retail startups

Marius Jakulis Jason foundation is a non-profit foundation of lawyer and investor Marius Jakulis Jason.

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Investment focus

  • Industry: EdTech, Retail, Software
  • Stage:Pre-Seed
  • Geography: Sweden, Lithuania

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $416k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Memby — Our program offers two 55-minute lessons weekly, interactive Q&A during lessons, a 14-day money-back guarantee, lesson recordings, study materials, quizzes, tests, homework help, and a weekly progress report.
  • Traxlo — We are at the technology and retail industries intersection. Our longtime experience in the industry taught us that only the right innovation has the potential to make a positive impact. Thus we aim to make our solutions as seamless as possible to be able to add only benefits to every worker who uses our apps and to every retail store manager whohas lots on her plate, day in, day out.
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Foxmont Capital Partners
VC Fund · Makati, Manila, Philippines · 1 investments in Sweden Retail startups

Foxmont Capital Partners invest in Filipino-focused or Filipino-founded early stage technology startups that have proven that they can scale effectively and lead the Philippine digital evolution. Foxmont Capital Partners believe that if a Filipino startup can succeed in the Philippines, it can succeed anywhere.

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Investment focus

  • Industry: E-Commerce, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Philippines, Singapore, United States

Investor stats

  • Total investments: 73
  • Round size: Seed $750k–$5M; Pre-Seed $120k–$1.3M; Series A $4M–$20M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $21M in 2021

Portfolio highlights

  • 3cat — 3cat is an omnichannel platform specializing in the purchase, refurbishment, and sale of second-hand smartphones. The company operates through an integrated network of both online and physical retail outlets.
  • Niber Technologies — Discover the world's most breathable and waterproof PFAS-free membrane by Nibertex. Eco-friendly innovation with top performance. Start your journey today!
  • Eluvo Health — Eluvo Health is a medical-tech enterprise that focuses on female health and educates about their body and overall wellness.
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GroundBreak Ventures
VC Fund · Toronto, Ontario, Canada · 1 investments in Sweden Retail startups

VENTURE PLATFORM FOR THE HOUSING AND CONSTRUCTION INDUSTRY

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Investment focus

  • Industry: Software, Real Estate, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Canada, United States, United Kingdom

Investor stats

  • Total investments: 39
  • Round size: Seed $1.1M–$4M; Pre-Seed $530k–$1.7M; Series A $4M–$13M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • CABN — Canadian builder of prefabricated, energy-efficient homes
  • Chexy — Let your rent elevate your lifestyle. Chexy is the new standard for paying rent. We believe that tenants should be able to pay rent digitally and flexibly while building credit and earning rewards.
  • Crewscope — Crewscope is an AI field intelligence platform for construction, mining, and heavy industry. Workers text what they see. Our AI structures it, routes it, and closes it. No app. No login. Built with EllisDon. Proven with Amrize.
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HS Group
VC Fund · Norrköping, Ostergotlands Lan, Sweden · 1 investments in Sweden Retail startups

HS Group AB is a small privately-owned investment company with its base in Norrköping. HS Group AB is always looking for interesting entrepreneurial projects so do not hesitate to contact us with your idea.

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Investment focus

  • Industry: Retail, Internet, E-Commerce
  • Stage:Venture - Series Unknown
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GoldenVagance — GoldenVagance is a Swedish startup building an ecommerce operation.
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Bling Capital
VC Fund · San Francisco, California, United States · 1 investments in Sweden Retail startups

Bling Capital is an early stage venture fund that helps entrepreneurs find product / market fit.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Sweden, Canada

Investor stats

  • Total investments: 202
  • Round size: Seed $2.1M–$10M; Pre-Seed $184k–$2.6M; Series A $7M–$25M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely actively investing — fresh fund, raised $270M in 2024

Portfolio highlights

  • Sunbound — Sunbound provides payments, accounts receivable and financing solutions for Senior Living Operators.
  • Rosie Match — Rosie provides flexible childcare & household help to busy families. As a member, Rosie will connect you with a trusted Pro for your adhoc & weekly needs handling all scheduling, coordination and payments.
  • Hello Patient — Healthcare AI that gets your team off the phone & in front of patients
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DHS Venture Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

DHS Ventures, Stockholm School of Economics alumni angel investing network that invests early on into inovative companies.

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Investment focus

  • Industry: Software, SaaS, Big Data
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Sweden

Investor stats

  • Total investments: 28
  • Round size: Pre-Seed $400k–$1.5M; Venture - Series Unknown $90k–$1M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Noru — Noru automates GDPR Article 30 data discovery and compliance controls, giving enterprises continuous, verifiable proof of their privacy and security posture.
  • Normain — The Extractional AI Platform. For experts in audit and assurance (A&A), GRC and M&A: define the work once, run it at scale, with structured answers linked to their exact source.
  • Forecasterly — Forecasterly is a SaaS company that provides an AI-powered platform for financial planning and analysis (FP&A).
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

Luminar is one of the most active seed investors in the Nordics, providing experienced seed financing and active operational support.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $960k–$5.4M; Pre-Seed $420k–$4M; Series A $8.3M–$21M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $69M in 2023

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Ivy Interactive — Ivy is the the AI-first open source .NET framework that helps developers build powerful internal tools faster without reinventing the wheel.Ivy is an open-source tool that makes it incredibly easy to create and deploy .NET applications, powered by AI. Start building smarter applications faster. AI powered .Net development. The ultimate toolkitfor building internal apps - App Generator Turn any database into full-featured backoffice applications in minutes with AI. - Database Generator - Design, build and deploy production quality databases models with AI. - Add Authentication - Ivy provides a variety of build in authentication providers to add sign in to your apps. - Dashboard Generator- Build and deploy dashboard in minutes. - One-Click Cloud Deploy - Deploy to Azure, AWS or GCP in seconds.
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
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Rävberget Venture Capital AB
VC Fund · 1 investments in Sweden Retail startups

Venture Capital

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Investment focus

  • Industry: Rental, Retail, Peer to Peer
  • Stage:Seed
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hygglo — Peer to peer plattform for renting and renting out everyday stuff.
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3T Invest
VC Fund · Saltsjö-duvnäs, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

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.

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Investment focus

  • Industry: Health Care, Medical, Software
  • Stage:Seed, Series A, Angel
  • Geography: Sweden, India

Investor stats

  • Total investments: 11
  • Round size: Seed $454k–$964k; Series A $3.9M–$6.5M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • NEOGAP Therapeutics — NEOGAP Therapeutics is a clinical-stage biopharmaceutical startup focused on immuno oncology. Their pharmaceutical product, personalized tumor trained lymphocytes, offers even one customized cell treatment that is meant to precisely target and destroy cancer in a tailored environment, with very minor side effects.
  • Predicare — Predicare develops a decision support system for healthcare called RETTS. RETTS' fast emergency triage and treatment system works by measuring and assessing vital parameters at the first examination, as well as by gathering a structured and standardized medical history regarding the reason for the visit and the patient’s current symptoms.Predicare was founded in 2011 and is headquartered in Gothenburg, Sweden.
  • Warp News — News that is optimistic and based on facts. The world is better now than ever before, but mainstream media has a negative bias. We balance that.
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Futurology Ventures
VC Fund · Marbella, Andalucia, Spain · 1 investments in Sweden Retail startups

Boutique investment and consultancy firm specializing in transformative technologies and visionary entrepreneurs shaping the future.

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Investment focus

  • Industry: Software, Food and Beverage, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, United Kingdom, Estonia

Investor stats

  • Total investments: 14
  • Round size: Seed $3.1M–$4.3M; Pre-Seed $110k–$1.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ankra — Ankra is a cloud engineering platform that enables businesses to instantly deploy best-in-class cloud environments, and scale effortlessly without adding operational overhead. We empower businesses to focus on growth and innovation, with a scalable and robust infrastructure as their foundation.
  • Invendor — Invendor is a smart inventory platform. Track stock, automate restocking, and manage tools and supplies across sites with smart cabinets and software.
  • Boldr — Sustainability meets design. Save money and live more sustainably with Boldr products.
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NGL
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Sweden Retail startups, 10 in the past 12 months

We unleash opportunities through business angel education, investment syndicates, and startup advisory boards.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, Denmark, Sweden

Investor stats

  • Total investments: 22
  • Round size: Seed $1.1M–$5.6M; Pre-Seed $700k–$1.7M; Series A $7.1M–$7.1M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • KineDB — KineDB develops a dual-purpose database engine capable of operating as an embedded system on mobile devices or clustered within cloud data centers. The technology natively integrates replication, data history tracking, and merge logic to support continuous offline writing and automatic data synchronization upon reconnection. It utilizes a peer-to-peer data balancing architecture to eliminate traditional sharding and replica configuration processes. Every data write is permanent and addressable, providing an built-in audit trail that allows versioning and rollbacks. Additionally, the system writes logs directly to cloud object storage, enabling operational servers to function ephemerally without local state management. KineDB recently closed a cross-border pre-seed investment round with Superhero Capital, NGL and the founders of Formalize. Start-up lawyer Michael Pilegaard from Mace Legal acted as legal counsel to KineDB during the pre-seed investment round.
  • Monopulse — Monopulse is producing secure UAVs in Europe exclusively tailored for Government, Military, and Law Enforcement use
  • Holo AI — Holo AI is an advertising agency that offers web development, SEO, content marketing, and UX design services.
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DEPO Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Sweden Retail startups, 7 in the past 12 months

Depo Ventures is an investment group that manages an angel fund, angel network and provides capital advisory services.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Czech Republic, United States, Estonia

Investor stats

  • Total investments: 77
  • Round size: Seed $564k–$4.3M; Pre-Seed $300k–$1.3M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Tapaya — Tapaya is payment infrastructure for fintechs, PSPs and software platforms across Europe: embed Tap to Pay, terminal and online payments in your own product.
  • ArcSpace — ArcSpace is a SpaceTech company that develops proprietary high energy electron beam technology to cut, join, and weld materials under vacuum conditions. This compact system enables the maintenance, infrastructure assembly, and in-orbit repair of satellites that were not originally designed for servicing.
  • Zvook — Zvook is an compact, low-cost acoustic sensor using ML to detect low-altitude threats; weatherproof and extendable.
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SF Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

SF Ventures is a venture capital firm.

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Investment focus

  • Industry: Software, Real Estate, Property Management
  • Stage:Venture - Series Unknown, Pre-Seed
  • Geography: Sweden, Norway

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $530k–$857k; Venture - Series Unknown $342k–$3.3M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • laiout — laiout is a multi-player design tool that adapts to the moving parts of the architecture and construction industry and generates efficiencies throughout the process. Speed up your floor plan design - we generate floor plans in miliseconds all while adhering to architectural and regulatory constraints. With support from some of world'sstrongest Proptech VCs and our strong industry partnerships we are helping to optimize this tedious architectural design phase saving up to 20 weeks of time while providing more and better solutions.
  • Vinden Storage — Enkel, billig och smart magasinering!
  • xNomad — Find retail shops to rent in Stockholm, Copenhagen, Olso, Helsinki and across the Nordics. Choose from prime retail spaces rent, retail & pop-up shops, shopping centre and event spaces.
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BADideas.fund
VC Fund · 1 investments in Sweden Retail startups, 9 in the past 12 months

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 43
  • Round size: Seed $939k–$3.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Tapaya — Tapaya is payment infrastructure for fintechs, PSPs and software platforms across Europe: embed Tap to Pay, terminal and online payments in your own product.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Spotwise.ai — Radio, TV and podcast ad monitoring that turns every airing into qualified leads, ready pitches and proof of delivery for media sales teams.
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Creades AB
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

Creades is an investment company investing in businesses that have the potential for revaluation and value creation. Creade's business concept is to provide a good risk-adjusted return to its shareholders by investing in businesses where Creades can act as an engaged owner, primarily in small and medium-listed and unlisted Swedish companies. The firm is a spin-off from Investment AB Öresund.

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Investment focus

  • Industry: Software, E-Commerce, Apps
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Sweden, United States, Luxembourg

Investor stats

  • Total investments: 33
  • Round size: Seed $2.9M–$6.3M; Series A $2.1M–$91M; Venture - Series Unknown $1.4M–$100M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Aira — Aira operates as a clean energy-tech company.
  • Nordic Knots — Nordic Knots is an e-commerce store that offers home decor products such as rugs, flatweave, plush, shaggy, jute, and runners.
  • Fast Travel Games — Fast Travel Games is a VR exclusive game developer and publisher, founded by industry leading veterans and behind acclaimed titles such as Apex Construct and Wraith: The Oblivion - Afterlife.
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The Nordic Web Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Sweden Retail startups

Solo GP VC fund backing 50+ Nordic companies generating $400M+ in annual revenue.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Denmark, Norway, Sweden

Investor stats

  • Total investments: 24
  • Round size: Seed $250k–$5M; Angel $300k–$465k; Pre-Seed $250k–$2M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely actively investing — fresh fund, raised $6M in 2025

Portfolio highlights

  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Aisel Health — Aisel Health provides AI that imitates psychiatrists for psychiatric clinics and hospitals to ensure efficient patient access to care.
  • Paraglide AI — Paraglide AI agents handle your financial inbox, automatically reply to invoice inquiries from clients, pursue past-due invoice payments, and customize collections at scale.
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42CAP
VC Fund · Munich, Bayern, Germany · 1 investments in Sweden Retail startups

We are peers amongst entrepreneurs helping the brave to build game-changing companies, just like we have done ourselves.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, France, Sweden

Investor stats

  • Total investments: 105
  • Round size: Seed $2.2M–$6M; Pre-Seed $1.3M–$2.3M; Series A $2.5M–$19M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $43M in 2022

Portfolio highlights

  • Osavul — Osavul is a software company focused on developing AI-powered solutions for information security. Protect states, businesses and society from disinformation, influence operations and foreign interference.
  • Flowlity — Flowlity revolutionizes planners' experience by streamlining tasks within planning tools and automating 95% of planning activities.
  • Marble — Marble is the first open source transaction monitoring. We automate detection and investigations with unparalleled flexibility and simplicity to allow tech teams to build on top of Marble, while removing manual compliance checks. Built for real-time and scalability, Marble protects against fraud and money laundering leading financial institutions in the EU, UK and over 15 geographies.
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XVC Tech
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Sweden Retail startups

XDC Ventures is a $125mn fund supported by founders of the XDC Blockchain Network that specializes in investing in early-stage Tech start-ups.

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Investment focus

  • Industry: Blockchain, Web3, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Singapore, United Arab Emirates, India

Investor stats

  • Total investments: 15
  • Round size: Seed $100k–$2.2M; Pre-Seed $100k–$1M
  • Lead/follow: 53% lead, 47% follow

Portfolio highlights

  • Roxonn — Roxonn is creating a Decentralized Software Organization (DSO) on the XDC Network to streamline global tech collaborations by directly connecting businesses with developers and open-source contributors. It uses blockchain for transparent project funding, task management, and rewarding GitHub contributions in XDC or ROXN tokens. A key part of itsecosystem is "Roxonn Code," an AI-powered tool enhancing developer productivity. Roxonn aims to build a comprehensive hub for software development and AI innovation, envisioning a decentralized AI compute network powered by the ROXN token.
  • Klink Labs — Klink enables weekly earnings on your deposit of up to $1M every week through its no-loss prize draws.
  • Zodia Markets — Zodia Markets is a digital asset trading platform that provides custody of digital assets, brokerage, trade, investments, and exchange.
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NCPA Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

Privately owned investment holding company founded by Noel Abdayem in Stockholm. Patient capital, long-term stewardship.

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Investment focus

  • Industry: Retail, Wellness, E-Commerce
  • Stage:Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • The Kindly Company — REPEATS is a Swedish supplement brand making gummies designed to become an easy part of your daily routine. Easy to take. Easy to like. Easy to repeat.
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Absolute Unlisted
VC Fund · 1 investments in Sweden Retail startups

Absolute Unlisted will invest in unlisted companies in the pre-IPO phase with a planned listing on the stock exchange within approximately 24 months.

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Investment focus

  • Industry: Mobile, Retail, Battery
  • Stage:Secondary Market, Venture - Series Unknown
  • Geography: Sweden

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Yabie — Yabie's Payment and POS systems take the effort out of selling. It's the most intuitive, hassle-free and mobile way of interacting with your customers and making a sale.
  • 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.
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Retail startups

Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 75
  • Round size: Seed $907k–$5.8M; Series A $1.7M–$11M; Venture - Series Unknown $1.4M–$9.6M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $94M in 2022

Portfolio highlights

  • Cachet — Adaptive insurance solutions for micromobility, car-sharing and gig work platforms in 16 countries. Feel in control of risk and handle claims in one system.
  • Velatir — Velatir helps you stay in control of AI decisions. With real-time monitoring, AI risk scoring, we make responsible, transparent AI easy.
  • Solace Care — Legacy planning and guided loss support in one digital platform, offered through insurers and employers across the Nordics and the Netherlands.
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CVX Ventures
VC Fund · Köpenhamn, Vasternorrlands Lan, Sweden · 1 investments in Sweden Retail startups

Together with our partners, we invest capital and skills in the most promising growth companies and make a difference for Nordic businesses.

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Investment focus

  • Industry: Manufacturing, SaaS, Gaming
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Denmark, Sweden, Norway

Investor stats

  • Total investments: 84
  • Round size: Seed $100k–$5.5M; Pre-Seed $44k–$2.3M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Bookboost — Communicate with your guests without any effort and across the entire guest journey. Our Multi-Channel CRM and Unified Inbox are here to help you enhance your guest experience.
  • Hili — Hili is a financial service company that provides cash in return for a share in the homeownership.
  • TastyUrban — TastyUrban is in the process of developing a new generation of restaurant usage and strategy.
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Retail VC funding in Sweden at a glance

Stats across 141 deals from 133 investors.

133
investors
in Sweden Retail startups
141
deals
in Sweden Retail startups
$1.4M
median round
in Sweden Retail startups
41%
lead investors
lead at least one round
34%
Venture - Series Unknown
most common funding stage

Access all 133 VC funds in Sweden Retail startups.

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