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Top 50 Sustainability Startup Investors in Sweden (July 2026)

The most active venture capital funds and angel investors investing in Sweden Sustainability startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Sustainability startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Chalmers Ventures AB
VC Fund
26 Sweden Pre-Seed, Seed Software, Biotechnology, Information Technology $5k–$2.7M
Almi Invest
VC Fund
20 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $193k–$2.2M
Norrsken VC
VC Fund
10 Sweden, United Kingdom, Germany Seed, Series A Software, Artificial Intelligence, Health Care $1.1M–$56M
Course Corrected
VC Fund
8 Sweden, United States Seed, Pre-Seed, Series A Energy, Renewable Energy, Software $133k–$9.4M
Kinnevik
VC Fund
5 United States, Sweden, Germany Series B, Series A, Series C E-Commerce, Health Care, FinTech $2M–$200M
byFounders
VC Fund
5 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
Industrifonden
VC Fund
5 Sweden, United States, Denmark Series A, Seed Biotechnology, Software, Information Technology $1.3M–$21M
Climentum Capital
VC Fund
4 Sweden, Norway, Germany Seed, Series A, Series B CleanTech, Energy, Clean Energy $2.1M–$16M
Kiilto Ventures
VC Fund
4 Switzerland, Norway, Sweden Seed, Pre-Seed Software, Construction, Sustainability $1.3M–$2.7M
General Catalyst
VC Fund
4 United States, United Kingdom, India Series A, Seed, Series B Software, Artificial Intelligence, Health Care $1.8M–$130M
Midroc New Technology
VC Fund
4 Sweden Seed, Series A Energy, Renewable Energy, Manufacturing
CommerzVentures
VC Fund
4 United Kingdom, Germany, United States Series A, Series B, Series C FinTech, Financial Services, Software $7.3M–$103M
BackingMinds
VC Fund
4 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Energy, Software $772k–$8.2M
Lowercarbon Capital
VC Fund
4 United States, United Kingdom, France Seed, Series A, Series B Renewable Energy, Energy, Biotechnology $3.7M–$150M
Luminar Ventures
VC Fund
4 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
BNVT Capital
VC Fund
3 France, Germany, Saudi Arabia Series A, Seed, Pre-Seed Software, E-Commerce, Construction $3M–$22M
Southbay ventures
VC Fund
3 Sweden Seed, Series A Sustainability, Cycling, Construction
H&M Group Ventures
VC Fund
3 Sweden, United States, United Kingdom Series A, Seed E-Commerce, Fashion, Textiles $1.9M–$50M
Altor
VC Fund
3 Sweden, Norway, United States Private Equity, Post-IPO Equity Manufacturing, E-Commerce, Energy $8.8M–$1.9B
Sebastian Siemiatkowski
Angel
3 Sweden, United States, Poland Seed, Series A Software, E-Commerce, SaaS $825k–$200M
Unconventional Ventures
VC Fund
3 Sweden, United Kingdom, Denmark Seed, Pre-Seed, Series A Health Care, Software, Wellness $1M–$18M
Rikard Steiber
Angel
3 Sweden, United States, Czech Republic Seed, Angel, Series A Software, Virtual Reality, Sports $150k–$15M
Northzone
VC Fund
3 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$90M
Headline
VC Fund
3 United States, Germany, Brazil Series A, Series B, Seed Software, E-Commerce, Information Technology $1.1M–$78M
SamInvest Mitt
VC Fund
3 Sweden Seed, Pre-Seed Software, Manufacturing, Hardware $318k–$2M
DHS Venture Partners
VC Fund
3 Sweden Pre-Seed, Seed Software, SaaS, Big Data $180k–$1.8M
Hampus Jakobsson
Angel
3 Sweden, Denmark, United States Seed, Angel, Series A Health Care, Software, Artificial Intelligence $96k–$33M
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $878k–$12M
CapitalT
VC Fund
3 The Netherlands, United Kingdom, Sweden Pre-Seed, Seed Software, Artificial Intelligence, Information Technology $585k–$11M
NordicNinja VC
VC Fund
3 Sweden, Finland, Estonia Series A, Series B, Seed Software, Information Technology, Artificial Intelligence $2.3M–$62M
SMOK Ventures
VC Fund
3 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS $54k–$4.4M
Wellstreet
VC Fund
3 Sweden, Norway, Finland Seed, Pre-Seed Software, E-Commerce, Retail $193k–$2.5M
Nordic Alpha Partners
VC Fund
3 Denmark, Germany, Sweden Series A, Seed Energy, Manufacturing, Energy Storage $15M–$15M
Antler
VC Fund
3 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $108k–$28M
Redstone.VC
VC Fund
2 Germany, Finland, France Seed, Series A Software, Information Technology, Health Care
EXOR N.V.
VC Fund
2 United States, Italy, France Series A, Pre-Seed Software, Blockchain, Health Care $765k–$270M
Alfabeat
VC Fund
2 Poland, United Kingdom, United States Seed, Series A, Pre-Seed Software, Marketing, Internet
Neptunia Invest
VC Fund
2 Sweden Seed, Series A SaaS, Drones, Cycling
Gullspång Invest
VC Fund
2 Sweden, United States Series A, Seed Software, Food and Beverage, Solar
Sting Capital
VC Fund
2 Sweden Seed, Pre-Seed Software, Apps, Medical
Peak
VC Fund
2 The Netherlands, Germany, Sweden Seed, Pre-Seed Software, SaaS, Information Technology
Vinnova
VC Fund
2 Sweden, United States Grant, Seed Health Care, Software, Biotechnology
GU Ventures
VC Fund
2 Sweden, United States Seed, Series A, Venture - Series Unknown Pharmaceutical, Medical, Health Care $794k–$73M
Forec
VC Fund
2 Sweden Recycling
LT Capital
VC Fund
2 Poland, United States, Sweden Seed, Pre-Seed, Angel Software, Internet, SaaS $124k–$2.1M
Sophia Bendz
Angel
2 Sweden, Denmark, United Kingdom Seed, Pre-Seed Health Care, Software, Artificial Intelligence $400k–$6.2M
Inovo.vc
VC Fund
2 Poland, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $300k–$23M
KTH Holding
VC Fund
2 Sweden Seed, Pre-Seed Software, Information Technology, Biotechnology
FAM AB
VC Fund
2 Sweden, Austria, United States Series A, Series B Software, Manufacturing, Energy
LongRun Capital
VC Fund
2 United States, Sweden, Germany Seed, Series A, Pre-Seed Environmental Consulting, SaaS, Cycling
Access all 540 investors in Sweden Sustainability startups.

Access 48,091 investors

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

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Investor list

Chalmers Ventures AB
VC Fund · Göteborg, Vastra Gotaland, Sweden · 26 investments in Sweden Sustainability 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
  • Geography: Sweden

Investor stats

  • Total investments: 211
  • Round size: Seed $290k–$2.7M; Pre-Seed $5k–$309k
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Anferra — Anferra specializes in hydrometallurgy, utilizing methods for resource-efficient recycling of steel industry waste into iron chloride.
  • Arkeon Technologies — Arkeon Technologies is a deep-tech company developing innovative solutions for scalable superconducting quantum computing. Its patented technology enables precise post-fabrication tuning of qubit frequencies, improving quantum chip performance, yield, and reliability. By addressing key manufacturing challenges, Arkeon helps accelerate thedevelopment of large-scale quantum processors for next-generation computing.
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 20 investments in Sweden Sustainability 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, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, United States, Ukraine

Investor stats

  • Total investments: 279
  • Round size: Seed $193k–$2.2M; Pre-Seed $236k–$1.4M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
  • Xaga Surgical — Xaga Surgical aims to minimize the risk of infections by inventing safer medical needles.
  • Inhalation Sciences — The PreciseInhale patented aerosol generation R&D platform delivers respirable dry powder aerosols from preclinical cell studies all the way through to human clinical trials, significantly accelerating drug development timelines. The platform’s one-animal-at-a-time system requires just milligrams, not grams of costly test substance for a fullPK study and delivers high-resolution lung data of, typically, <10% SD. We carry out Contract Research for novel and generic inhalation drug developers, toxicology and environmental research institutes and university research institutes in the inhalation and aerosolization field.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 10 investments in Sweden Sustainability 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
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 106
  • Round size: Seed $1.1M–$14M; Series A $4.2M–$56M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • CEEZER — CEEZER is the digital infrastructure to give companies access to the complex voluntary carbon market. Deliver true climate impact now!
  • Endra — Endra is a software platform for mechanical, electrical, and plumbing (MEP) engineering that automates the design, modeling, and documentation of building systems. The platform generates 2D and 3D models, calculations, schedules, diagrams, and other engineering documentation from architectural and building design inputs. It supports disciplinessuch as electrical, fire alarm, HVAC, plumbing, and sprinkler system design, and integrates with Autodesk Revit and common CAD and BIM file formats. Endra uses artificial intelligence, simulation, and computational methods to assist with tasks such as system layout, cable routing, device placement, and documentation generation while helping engineers comply with applicable design standards and regulations. The platform is designed for MEP engineers and engineering firms seeking to reduce manual design and documentation work across construction projects.
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Course Corrected
VC Fund · Stockholm, Stockholms Lan, Sweden · 8 investments in Sweden Sustainability startups

An early-stage venture capital fund backing climate tech companies with potential to become the leading businesses of tomorrow. Representing potentially one of the greatest investment opportunities of our lifetime - we invest in visionary entrepreneurs disrupting traditional industries and delivering exceptional growth as the world transitions to alow-carbon economy. Together with the most visionary and passionate entrepreneurs, Course Corrected wants to be part of solving one of our planet's most pressing challenges – battling climate change.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, United States

Investor stats

  • Total investments: 27
  • Round size: Seed $705k–$9.1M; Pre-Seed $133k–$8.2M; Series A $647k–$9.4M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
  • Engrate — Engrate is the AI-native energy connectivity platform that integrates trading markets, grid systems, and energy data. We eliminate 90% of integration development time, letting you focus on building core value instead of connectivity.
  • Renasens AB
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Kinnevik
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Sustainability startups

Kinnevik is an industry-focused investment company with an entrepreneurial spirit. Its purpose is to build digital consumer businesses that provide more and better choices. The company does this by working in partnership with talented founders and management teams to create, invest in, and lead fast-growing businesses in developed and emergingmarkets.Kinnevik believes in delivering both shareholder and social value by building well-governed companies that contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck, Klingspor, and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large-cap companies under the ticker codes KINV A and KINV B.

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Investment focus

  • Industry: E-Commerce, Health Care, FinTech
  • Stage:Series B, Series A, Series C
  • Geography: United States, Sweden, Germany

Investor stats

  • Total investments: 167
  • Round size: Series A $2M–$91M; Series B $21M–$120M; Series C $40M–$200M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Zalando — Zalando is a European online fashion platform- offering a broad assortment of fashion for men, women and children. It carries over 1.500 brands and over 150.000 product choices for over 17 million customers in 15 countries. By constantly optimising its processes and platform offerings, using its e-commerce expertise and lots of can-do spirit,Zalando have become Europe's leading online fashion retailer in only a few years. Its goal is to create the world’s best online fashion experience. The cores of its business are what the company focuses on, always striving to be cutting-edge in fashion, technology, marketing, and logistics. Zalando SE in Berlin is the group’s centrepiece which focuses on the development of its core product: the online shopping experience. Zalando SE operates the international business and takes care of their business development. Zalando SE comprises functions like the management, marketing, administration, and technology.
  • Oda — Oda is an online grocery retailer that provides door-to-door delivery services. It offers a huge range of fresh produce groceries to millions of doorsteps. Using the data-driven methodology, with a focus on sustainability all the way along the chain, the company aims to build an efficient retail system in the world. The company was founded in2013 and is headquartered in Oslo, Norway.
  • Global Fashion Group — Global Fashion Group (GFG) is the leading fashion and lifestyle destination in LATAM, SEA & ANZ.
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 5 investments in Sweden Sustainability startups, 17 in the past 12 months

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

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Investment focus

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

Investor stats

  • Total investments: 114
  • Round size: Seed $1.5M–$9.4M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $117M in 2021

Portfolio highlights

  • Flare — Flare builds infrastructure for a more internet by connecting real-world data with machine learning in a verifiable way.This combines human intelligence with advanced AI to improve the clarity and reliability of information.Its goal is to create a shared, high-quality knowledge foundation that helps people navigate information with confidence.
  • Verda (formerly DataCrunch) — DataCrunch is a cloud service provider which facilitates utilization and integration of state of the art AI/ML models
  • Spiral Hydrogen — Spiral Hydrogen's mission is to lower the price of green hydrogen below that of fossil hydrogen, so opening up an industry for decarbonization and making hydrogen transportation and heating commercially viable.
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Industrifonden
VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in Sweden Sustainability 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 companiesinclude 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, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 194
  • Round size: Seed $1.3M–$6.2M; Series A $3.3M–$21M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Gesynta Pharma — Founded in 2017, Gesynta Pharma bases its R&D on research from the Karolinska Institutet. The most advanced drug candidate, GS-248, reduces inflammation and increases blood flow in the microvasculature, thereby having the potential to provide improved treatments for several serious diseases. In an ongoing clinical proof-of-concept study,GS-248 is being evaluated for its capacity to normalize vascular blood flow and reduce pain in patients with the autoimmune disease systemic sclerosis. Positive results from this study may lead to a rapid broadening of the development program towards additional indications, for example cardiovascular diseases and rheumatic diseases other than systemic sclerosis. Major shareholders include Industrifonden, Linc, Hadean Ventures, and a number of successful life science entrepreneurs. For more information, please visit www.gesynta.se
  • Peafowl Plasmonics — IOSBET menyediakan akses slot demo Pragmatic resmi dengan pilihan game terbanyak, pendaftaran mudah, sistem aman, serta pengalaman bermain nyaman tanpa risiko.
  • Trackpaw Scientific — Contributing to the development of safe and effective pharmaceuticals at increased speed and quality by digitalising the preclinical study landscape.
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Climentum Capital
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Sweden Sustainability startups

A Venture Capital firm investing into European early-stage tech companies attacking CO2 emissions

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Investment focus

  • Industry: CleanTech, Energy, Clean Energy
  • Stage:Seed, Series A, Series B
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 24
  • Round size: Seed $2.1M–$6M; Series A $5M–$16M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $176M in 2022

Portfolio highlights

  • Eqon — Eqon is a technology company specialising in intelligent control systems for electrical heating, with a primary focus on reducing energy consumption and costs.
  • One.Five — Grow your strategic edge with AI-generated solutions that deliver the ultimate packaging performance, affordability & sustainability
  • Nature Robots
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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Sweden Sustainability startups

Kiilto Ventures is a venture capital firm focuses on early-stage starups.

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Investment focus

  • Industry: Software, Construction, Sustainability
  • Stage:Seed, Pre-Seed
  • Geography: Switzerland, Norway, Sweden

Investor stats

  • Total investments: 10
  • Round size: Seed $1.3M–$2.7M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • vyzn — Vyzn is a construction planning software focused on life cycle assessment to help projects reduce CO2 emissions and grey (embodied) energy. It targets teams that want to plan construction projects efficiently while meeting sustainability goals.
  • Acembee — Acembee is an AI-driven platform designed to automate the tracking, data collection, and reporting of LCA A4+A5 (Life Cycle Assessment phases related to construction site energy use and transport) for construction projects. provides solution that consolidates data from the building site into one platform, enabling precise, real-time insights intoenergy consumption, CO₂ emissions, and compliance with legal environmental requirements. Acembee saves significant time, reduces unnecessary energy use by up to 40%, and helps projects stay within allowed CO₂ limits, ultimately making sustainability management on construction sites.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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General Catalyst
VC Fund · Cambridge, Massachusetts, United States · 4 investments in Sweden Sustainability startups

Investing in powerful, positive change that endures

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 1852
  • Round size: Seed $1.8M–$20M; Series A $6.5M–$75M; Series B $12M–$130M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • CRED — Join 9M+ CRED members to earn rewards on your credit card bill payments.
  • Anaconda — Anaconda is the birthplace of Python data science. We are a movement of data scientists, data-driven enterprises, and open source communities.
  • Resilience — Resilience is a cyber insurance provider that offers organizations the tools, guidance, and solutions to insure and secure their data. It offers cyber insurance policies with a high level of personal service, market-leading coverage, and bespoke security solutions; available exclusively through its limited distribution network. Backed by thefinancial strength of its A+ rated capacity partner, Resilience is proud to combine comprehensive in-house claims expertise with its proven security leadership throughout the lifecycle of a policy.Founded in 2016, Resilience is privately funded and headquartered in San Francisco, California with offices in Chicago, Baltimore, and New York.
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Access 48,091 investors

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

Browse database — It's Free!
Midroc New Technology
VC Fund · Solna, Stockholms Lan, Sweden · 4 investments in Sweden Sustainability startups

The area of New Technologies is highly interesting to us.The companies in this area are often relatively small and new. Midroc has an understanding for entrepreneurism and innovations and can give significant support to innovative companies.We contribute to the process of building profitable companies, and possibly market leadingcorporations, out of innovative ideas. It is an interesting business with a useful function as commercial development of new technology in most cases requires financing and support from a venture capitalist.The potential for global and innovative technologies regarding alternative fuels, energy, environmental technology and a greener future is really without limitations or boundaries.The goal for Midroc New Technology is to go for inventions that gives a good return and at the same time also provides useful global and environmental benefits.

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Investment focus

  • Industry: Energy, Renewable Energy, Manufacturing
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 13
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Kärnfull — The Nordic region's very first 100% nuclear electricity provider. An ecorational tech-enabler raising funds to science and R&D in next-gen nuclear via every delivered kilowatt-hour. Currently active in Sweden and Denmark, with Midroc New Technology as minority owners. Driven by a rapid organic growth, supplying thousands of householdsand SMEs with the cleanest energy available (Swedish nuclear, 2,5g CO2/kWh) by means of a fully digital service and Guarantees of Origin (GOOs). Supported by pro-bono advisors José Gonzalez (artist), Caroline Cochran (Oklo), Steven Pinker (Harvard), Christian Ekberg (Chalmers), Kirsty Gogan (TerraPraxis), Eric Ingersoll (LucidCatalyst), Johan Carlsson (producer), Klara Insulander Björk (Chalmers).
  • CorPower Ocean — CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WECs).CorPower's Wave Energy Converters deliver five times higher annual energy output per ton of device compared to previously known wave power solutions. The step-change improvement in performance and efficiency allows a Cost-of-Energy that cancompete with offshore wind. The products are currently in pilot with Iberdrola. CorPower has assembled a team with extensive experience in energy generation, design and manufacturing of production equipment, system engineering as well as the market expertise to allow us to continue transforming the technology of tomorrow into renewable energy applications of today.
  • Reliefed Technologies — Reliefed offers non-metallic flow plates as an affordable and sustainable alternative for heat exchangers, fuel cells, electrolysers, cold plates, etc.
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CommerzVentures
VC Fund · Frankfurt, Hessen, Germany · 4 investments in Sweden Sustainability startups

Venture capital investor in early stage FinTech and InsurTech companies starting at Series A in Europe, Israel and the USA.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B, Series C
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 70
  • Round size: Series A $7.3M–$30M; Series B $14M–$50M; Series C $13M–$103M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $351M in 2022

Portfolio highlights

  • Instanda — Instanda is a SaaS insurance software platform that allows insurance companies to build, configure, and launch products online. Its no-code product design platform is built on a powerful set of insurance specific calculations, processing, and workflow capabilities.Instanda works with the carriers, MGAs, and brokers in UK, Europe, US, Canada, LATAMand Australia converting the lethargic back office to an agile front office, freeing the industry from high-cost legacy systems.Founded in 2012, Instanda is headquartered in London, England.
  • Concirrus — Data and analytics platform for commercial insurance. Transforming the commercial insurance market with real-time data and analytics.
  • Gradient Labs — Our AI agent resolves complex customer service queries end-to-end. Delivering quality, efficiency and compliance at every step.
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BackingMinds
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Sustainability startups

We help great minds unleash their full potential!

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Investment focus

  • Industry: SaaS, Energy, Software
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 35
  • Round size: Seed $772k–$3.7M; Pre-Seed $826k–$8.2M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Tavion — Tavion is a developer of battery energy storage systems that is expediting Europe's shift to renewable energy. Tavion creates and runs utility-scale BESS infrastructure to improve grid flexibility, stabilize intermittent renewable power, and promote energy independence in European markets.
  • CemVision — CemVision is an industrial tech company that has been developing CO2-free cement.
  • Helios Innovations — Helios Innovations is an industrial machinery manufacturing industry that develops modular and electrical evaporation plants for water.
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Lowercarbon Capital
VC Fund · New York, New York, United States · 4 investments in Sweden Sustainability startups

Lowercarbon Capital backs kickass companies slashing CO2 emissions, sucking carbon out of the sky, and buying us time to unf**k the planet.

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Investment focus

  • Industry: Renewable Energy, Energy, Biotechnology
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 207
  • Round size: Seed $3.7M–$12M; Series A $10M–$50M; Series B $20M–$150M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $350M in 2022

Portfolio highlights

  • Terraton — Terraton is a biochar platform that provides equipment, design, and financing to agribusiness operators.
  • Isometric — Isometric is a carbon removal standard and registry.
  • SolarSquare Energy — Visit Solarsquare, India's only UL-certified solar installation company for hassle-free commercial & residential solar panel installation at 0 cost EMI & PPA options.
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Luminar Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 investments in Sweden Sustainability 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
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 65
  • Round size: Seed $960k–$5.4M; Series A $8.3M–$21M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FirstQFM — FirstQFM offers patent-pending AI foundation models for quantum computing.
  • Insurely — Insurely is the leading open insurance platform. A platform that enables experiences that improve conversion and increase customer loyalty.
  • 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.
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BNVT Capital
VC Fund · London, England, United Kingdom · 3 investments in Sweden Sustainability startups

Multi-stage Investment Fund

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Investment focus

  • Industry: Software, E-Commerce, Construction
  • Stage:Series A, Seed, Pre-Seed
  • Geography: France, Germany, Saudi Arabia

Investor stats

  • Total investments: 17
  • Round size: Seed $4.1M–$8.6M; Pre-Seed $3M–$7.4M; Series A $7.5M–$22M
  • Lead/follow: 53% lead, 47% follow

Portfolio highlights

  • Cognna — Simplify cybersecurity solutions management with COGNNA's comprehensive XDR platform for threat hunting and compromise assessment.
  • Cloover — Cloover provides a flexible financing solution that allows you to rent renewable technologies and make savings from day 1, completely risk and worry free!
  • Dawnguard
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Southbay ventures
VC Fund · 3 investments in Sweden Sustainability startups

Southbay Evergreen is a investment firm.

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Investment focus

  • Industry: Sustainability, Cycling, Construction
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • RECOMA — RECOMA is a provider of economical and sustainable construction materials. By providing building materials that don't increase greenhouse gas emissions in the construction industry, it promotes sustainable construction.
  • Ekolution — Ekolution is a Sustainability & Cycling company.Ekolution AB offers durable, climate-smart prefabricated panels of the natural material hemp lime (hempcrete). Our building materials are not only carbon neutral, but actually carbon dioxide negative (there is more CO2 bound in the hemp than is emitted.
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H&M Group Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Sustainability startups

H&M Group Ventures is the venture capital arm of the H&M Group.

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Investment focus

  • Industry: E-Commerce, Fashion, Textiles
  • Stage:Series A, Seed
  • Geography: Sweden, United States, United Kingdom

Investor stats

  • Total investments: 59
  • Round size: Seed $2M–$8.7M; Series A $1.9M–$50M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • AltMat
  • Yaga — Yaga is an online selling and shopping platform for new and preloved fashion. Buy preloved clothing safely or open your own shop and sell. Find unique second hand clothes, earn extra money and help save the Planet.
  • Rubi Laboratories — Rubi Laboratories turns carbon emissions into carbon-negative textiles for the fashion industry, with a proprietary synthetic biology technology.
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Altor
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Sustainability startups

Entrepreneurs at heart. Engaged in partnerships built on curiosity, creativity and achieving a lasting impact.

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Investment focus

  • Industry: Manufacturing, E-Commerce, Energy
  • Stage:Private Equity, Post-IPO Equity
  • Geography: Sweden, Norway, United States

Investor stats

  • Total investments: 62
  • Round size: Private Equity $326M–$1.9B; Post-IPO Equity $8.8M–$27M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $2.8B in 2019

Portfolio highlights

  • Aira — Aira operates as a clean energy-tech company.
  • CCM Hockey — Shop all the latest hockey equipment from skates, sticks, protective, goalie, apparel and much more! Latest Innovation & Tech in hockey. 30 day free & easy returns. 30 day satisfaction guarantee on all skates. All out. All the time.
  • Stegra — H2 Green Steel will be a fully integrated, digitalized and automated greenfield steel plant. By bringing together raw materials, renewable energy, local expertise, and artificial intelligence, we aim to bring emissions down to zero.
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Sebastian Siemiatkowski
Angel · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Sustainability startups

Sebastian Siemiatkowski, based out ofStockholm, Stockholms Lan, is the Co-Founder and CEO of Klarna. Sebastian Siemiatkowski attended the Stockholm School of Economics.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, United States, Poland

Investor stats

  • Total investments: 22
  • Round size: Seed $825k–$8M; Series A $10M–$200M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • nexos.ai — Introducing nexos.ai — a powerful model gateway that delivers game-changing AI solutions. With advanced automation and intelligent decision making, nexos.ai helps simplify operations, boost productivity, and accelerate business growth.
  • Talentium — Meet your dream hire today.
  • Lovable — Lovable builds software that builds software. Lovable vision is to unlock human creativity by enabling anyone to create software.
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Unconventional Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Sweden Sustainability startups, 8 in the past 12 months

Unconventional Ventures invests in startups in the pre-seed and seed stage led by diverse founders identifying as women, people of color, immigrants and/or LGBTQ+, building scalable impact tech companies in the Nordics and beyond.

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Investment focus

  • Industry: Health Care, Software, Wellness
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, United Kingdom, Denmark

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$5.2M; Pre-Seed $1.5M–$2.8M; Series A $4.7M–$18M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Flox Intelligence — Wildlife intelligence for critical infrastructure.
  • AIRMO — Airmo is a space tech company that offers an independent data source that locates, quantifies, and tracks carbon dioxide and methane emissions through a small satellite constellation.
  • Digiclean Solutions — Digiclean Solutions is an industrial technology company that develops AI-powered chemical control systems for manufacturing.
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Rikard Steiber
Angel · Atherton, California, United States · 3 investments in Sweden Sustainability startups

I am an entrepreneurial and experienced CEO. I have successfully built, launched, and grown multiple new global businesses at companies such as Google (Internet), Modern Times Group (media), and HTC VIVE (VR). Proven ability to successfully create and communicate corporate visions and strategies, hire and motivate top talent, and lead global sales,marketing, and product teams.Board member of companies such as Cision (software), Scandic Hotels (hotels), and Raymond (solar). Trusted advisor to large firms such as Ericsson and EQT, and cutting-edge startups like Einride (electric trucks), Jetson (flying cars), and Elonroad (electric roads).World class keynote speaker at international conferences such as MWC, GDC, IBC, CES, and invited speaker at Harvard, Stanford, and MIT. I am a future astronaut with Virgin Galactic, and the founder of WIT Global Women In Tech network and events.

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Investment focus

  • Industry: Software, Virtual Reality, Sports
  • Stage:Seed, Angel, Series A
  • Geography: Sweden, United States, Czech Republic

Investor stats

  • Total investments: 15
  • Round size: Seed $150k–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • unitQ — unitQ's product quality monitoring platform empowers businesses to take a data-driven approach to product quality so they can fix the right quality issues smarter and faster.
  • Einride — Einride designs state-of-the-art supply chain technology for global industries that want to lower emissions and increase efficiency.
  • Jetson Aero — Your personal aircraft in aluminium and carbon fibre, powered with eight powerful electric motors.
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Northzone
VC Fund · London, England, United Kingdom · 3 investments in Sweden Sustainability 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, FinTech, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Sweden, United Kingdom

Investor stats

  • Total investments: 325
  • Round size: Seed $2.4M–$17M; Series A $4M–$40M; Series B $6.7M–$90M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Sqore — Smart Recruitment - Automate the process between your job ad and the first interview.Increase screening efficiencyEfficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates.Deepen candidate engagementEngage today’s generation of candidates through rewarding experiencesand allow them to get insights into your company before the interview.Lower your hiring costsWe don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.
  • Labster — Labster empowers educators to reimagine their science courses with immersive online simulations. Request a demo to discover how Labster engages students, trains lab skills, and accelerates learning.
  • HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
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Headline
VC Fund · San Francisco, California, United States · 3 investments in Sweden Sustainability startups

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across categories and geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: United States, Germany, Brazil

Investor stats

  • Total investments: 471
  • Round size: Seed $1.1M–$12M; Series A $4.3M–$30M; Series B $7.7M–$78M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Blips — Blips is a platform in Brazil that aims to bridge the gap between investors and entrepreneurs. The company connects and drives investors and entrepreneurs with tangible assets that enable productive business activities, allowing customers to buy and finance supplies and inputs, as well as an educational platform to support the entrepreneurs'journey, teaching management techniques, growth, and technical knowledge for equipment use.
  • First AML — Get AML/CTF compliant and solve your toughest AML challenges with First AML. It's the only AML & KYC software solution you need.
  • Smart Break — Smart Break is a mini market that are into standalone micromercado in residential and companies area.
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SamInvest Mitt
VC Fund · Härnösand, Vasternorrlands Lan, Sweden · 3 investments in Sweden Sustainability startups

Saminvest is a venture capital company that was formed by the Swedish government in 2016. Saminvest actively works to establish new and sustainable venture capital funds and angel investor programmes that expand the venture capital market in Sweden. Through Saminvest's indirect investments and work with investment funds, innovative and fast-growing companies can gain access to more capital and expert advice.

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Investment focus

  • Industry: Software, Manufacturing, Hardware
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 11
  • Round size: Seed $318k–$2M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — raised $2.1M in 2013

Portfolio highlights

  • The Fit — The Fit is turning every smartphone into a body scanner. The company develops mobile 3D body scanner technology that gives users digital body ID that can be used to shop the right size, measure order products or virtual try clothes.
  • Learnster — Learnster develops the LMS of tomorrow for growing organizations aspiring to achieve maximum learning in minimum time.
  • Brick Technology — Rent-on-the-go with Brick powerbank sharing: convenient on-the-move charging solution! Suitable for all devices.
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DHS Venture Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Sustainability 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, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 25
  • Round size: Seed $180k–$1.8M; Pre-Seed $400k–$1.4M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Noru — Noru builds an AI-native platform for regulatory compliance.
  • Normain — Normain is the AI platform for deep knowledge work. Automate your complex analyses and reports directly on Sharepoint or Google Drive. Access your own data and public sources in one single platform.
  • Forecasterly — Forecasterly is a SaaS company that provides an AI-powered platform for financial planning and analysis (FP&A).
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Hampus Jakobsson
Angel · Malmö, Skane Lan, Sweden · 3 investments in Sweden Sustainability startups

Hampus Jakobsson is a General Partner at early stage climate tech venture fund Pale Blue Dot.Prior to co-founding Pale Blue Dot, Hampus was a Venture Partner at science fund Blue Yard and a prolific angel investor with >100 angel investments. He co-founded of The Astonishing Tribe (acquired by Blackberry in 2010 for $150m). He left Blackberry2012 to found Brisk.io a sales productivity tool which folded 2016.

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Investment focus

  • Industry: Health Care, Software, Artificial Intelligence
  • Stage:Seed, Angel, Series A
  • Geography: Sweden, Denmark, United States

Investor stats

  • Total investments: 43
  • Round size: Seed $310k–$5.3M; Angel $96k–$1.2M; Series A $2.3M–$33M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • ClimateView — ClimateView is a Swedish climate action technology company that helps cities transform climate planning into progress. We combine data, agent-based modelling and interface design to help cities successfully manage the transition to zero carbon economies.
  • Mojo — Clinical-grade, AI-powered sperm analysis from the comfort of home. Test your sperm count, motility, morphology and much more with the Mojo kit. Check your fertility from home at low cost - without the need for clinic visits and awkward waiting rooms.
  • Volta Greentech — Battling global warming by reducing methane emissions from cows
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Spintop Ventures
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Sustainability 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, SaaS
  • Stage:Seed, Series A
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 71
  • Round size: Seed $878k–$5.3M; Series A $1.5M–$12M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • MEGA.AI — MEGA.AI is a SaaS company that is revolutionizing debt collection with AI-powered voice technology, delivering smarter, faster, and more efficient customer interactions. MEGA’s AI Agents provide a precise, compliant, and debtor-friendly solution that manages high call volumes cost-effectively.
  • Standab — Standab is helping cities adopt cleaner, more effective urban mobility systems by offering innovative and eco-friendly parking and charging options, thereby influencing the direction of micromobility.
  • WeWillWrite
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CapitalT
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in Sweden Sustainability startups

CapitalT is a venture capital fund investing in tech companies in climate tech, future of work, education, and web3/the new social. They help exceptional teams develop groundbreaking ideas to grow better, scale faster, and change across their industries.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: The Netherlands, United Kingdom, Sweden

Investor stats

  • Total investments: 38
  • Round size: Seed $2.1M–$11M; Pre-Seed $585k–$3M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $41M in 2020

Portfolio highlights

  • Wizenoze — At the heart of the WizeNoze platform is a set of powerful classification algorithms. A smart content editor enables writers and publishers to quickly write and rephrase texts for children, assisted by real-time classification suggestions provided by their algorithms. Developers can easily tap into all the platform's features via an API.Combined with a powerful search engine, the Wizenoze platform provides everything you need to create world-class content for children.
  • Overstory — Overstory applies artificial intelligence to high-resolution satellite imagery to provide real-time analytics of natural resources. We help to prevent forest fires, deforestation, power outages and are on a mission to create a more sustainable environment. Our insights on the quantity and quality of natural resources help to improve decision-makingby electric utility companies, forestry companies and NGOs.
  • New Dawn Bio — New Dawn Bio is a biotechnology research firm that specializes in wood production.
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NordicNinja VC
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Sweden Sustainability startups

NordicNinja VC invests in startups in the Nordic-Baltic region.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: Sweden, Finland, Estonia

Investor stats

  • Total investments: 52
  • Round size: Seed $2.3M–$12M; Series A $4.4M–$30M; Series B $15M–$62M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $200M in 2023

Portfolio highlights

  • Veriff — Highly automated identity verification software from Veriff. We help you build trust and transparency online.
  • Pactum — Pactum autonomous negotiations help companies unlock hidden value. Our AI negotiates non-strategic supplier contracts on a massive scale.
  • VOI Technology — VOI is a micro-mobility startup that provides electric scooters for last-mile transportation. Douglas Stark, Filip Lindvall, and Fredrik Hjelm founded it in 2018. Its headquarters is located in Stockholm in Sweden.VOI Technology is aiming to create a system of electrically powered scooters around urban centers to provide an affordable,sustainable, and exhilarating way to commute while helping people to reduce their carbon footprint and cities to have a more sustainable transportation network.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 3 investments in Sweden Sustainability startups

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 74
  • Round size: Seed $439k–$4.4M; Pre-Seed $54k–$1.4M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • Primio — Primio is an AI-powered platform that generates production-ready native mobile apps from natural language prompts. It outputs real Flutter/Dart code that compiles to native iOS and Android with pixel-perfect rendering and up to 120fps performance. The platform covers the full lifecycle from idea to app store submission, including cloud builds,live preview, and iterative editing. Built for app studios and serious builders who need to ship native apps fast.
  • Quantum Flytrap — We create user interfaces for quantum computers - for software enginers to design, debug, unit-test and deploy quantum algorithms.
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Wellstreet
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Sweden Sustainability 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:Seed, Pre-Seed
  • Geography: Sweden, Norway, Finland

Investor stats

  • Total investments: 62
  • Round size: Seed $193k–$1.4M; Pre-Seed $611k–$2.5M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $40M in 2022

Portfolio highlights

  • Y/ELM+ — Y/ELM+ is a horseback riding safety and protection brand that focuses n creating leading-edge rider safety solutions.
  • 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 — Berget AI is an AI platform that focuses on inference and agentic infrastructure, enabling businesses to deploy and expand open-source LLMs.
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Nordic Alpha Partners
VC Fund · Hellerup, Hovedstaden, Denmark · 3 investments in Sweden Sustainability startups

Nordic Alpha Partners (NAP) is a growth fund founded in 2017. NAP target companies are typically locally or regionally established players with a revenue of DKK 10-150 mio. and with a global potential that can be fulfilled through new sustainable technologies such as energy storage and 3D print. The company is based in Hellerup, Denmark.We arelooking for: • SME’s based in Northern Europe with 10-150 MDKK in turnover • A proposition that either “enables” or “leverages” industrial, green or digital transformation. • Ambitious teams, looking for capital and/or skills to fuel their growth journeyWe offer truly intelligent capital and partnership via: • Our “hands on” fund management philosophy • A vast “value creation framework” supporting rapid business acceleration • Access to leaders and specialists within global Industry transformation • A fund management team with extensive operational experience across startups, international business scaling, the industry/technology sector and corporate business

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Investment focus

  • Industry: Energy, Manufacturing, Energy Storage
  • Stage:Series A, Seed
  • Geography: Denmark, Germany, Sweden

Investor stats

  • Total investments: 23
  • Round size: Series A $15M–$15M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: May invest from a new fund soon — raised $148M in 2017

Portfolio highlights

  • Spirii — Spirii is a platform that offers innovative, agile, and end-user-oriented e-mobility charging solutions. Spirii was founded in 2019 and was headquartered in Copenhagen, Denmark.
  • Stabl Energy — Scalable battery storage systems for energy storage in industry and commerce made by STABL Energy help to utilise the full potential of renewable energies.
  • Green Hydrogen Systems — GreenHydrogen believes that electrolysers have a great potential to become a core technology in green and renewable energy.
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Antler
VC Fund · Singapore, Central Region, Singapore · 3 investments in Sweden Sustainability 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: Singapore, Australia, United Kingdom

Investor stats

  • Total investments: 1821
  • Round size: Seed $186k–$4.6M; Pre-Seed $108k–$755k; Series A $4.6M–$28M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely actively investing — fresh fund, raised $72M in 2024

Portfolio highlights

  • Deja — Modern Rituals & Natural Products from the Ancient Science of Ayurveda
  • Enoki Inc — Multiplayer-enabled tools for developers. Enoki has 18 repositories available. Follow their code on GitHub.
  • Homethings — Single-use plastic is bonkers. Homethings makes cleaning products that make sense. No more shipping water in plastic bottles. We send non toxic cleaning tabs so that you can refill over and over again using your tap.
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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 2 investments in Sweden Sustainability startups

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Germany, Finland, France

Investor stats

  • Total investments: 149
  • Lead/follow: no public data

Portfolio highlights

  • BTRY — BTRY is a spin-off of EMPA and ETH and is developing the industry's first energy-dense solid-state battery, using sophisticated semiconductor manufacturing technologies.
  • ALLSIDES — Covision Media specializes in creating high-quality, relightable 3D models using their industrial 3D scanners. These scanners capture detailed surface information and PBR textures, and are designed for easy integration into virtual environments.
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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EXOR N.V.
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Sustainability startups

EXOR is a holding company based in the Netherlands that the Agnelli family controls. The company has a diverse portfolio of investments in various industries, including automotive, real estate, and finance. The company is known for taking a long-term approach to its assets and has a reputation for being a patient and value-oriented investor. Thecompany's primary focus is on creating long-term value for its shareholders by actively managing and growing its portfolio of investments.EXOR's core mission is to cultivate exceptional enterprises, simultaneously nurturing opportunities for its talented workforce to flourish, make meaningful societal contributions, and yield outstanding returns for its valued investors.

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Investment focus

  • Industry: Software, Blockchain, Health Care
  • Stage:Series A, Pre-Seed
  • Geography: United States, Italy, France

Investor stats

  • Total investments: 51
  • Round size: Pre-Seed $765k–$5.2M; Series A $9.5M–$270M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • N5 Now — N5 has developed the way out of your complex legacy systems and into the fintech digital world, without having to change your core technology. Contact Us!
  • Byzantine Finance — Stake assets, secure other services, and earn more. Restake now with Byzantine Finance to become part of DeFi's next generation. Building the most secure and profitable future for staking.
  • Via — Via is a re-engineering public transit company that develops and provides on-demand public mobility solutions for commuters. The company transforms public transit, from a regulated system of rigid routes and schedules to a fully dynamic, on-demand network. Via's mobile app connects passengers who are headed the same way, allowing riders toseamlessly share a premium vehicle. The platform operates in the United States and in Europe through its joint venture with Mercedes-Benz Vans, ViaVan. Via's technology is deployed worldwide through partner projects with public transportation agencies, private transit operators, taxi fleets, private companies, and universities, integrating with public transit infrastructure to power cutting-edge on-demand mobility.The company was founded in 2012 and is headquartered in New York, United States.
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Alfabeat
VC Fund · Gdansk, Pomorskie, Poland · 2 investments in Sweden Sustainability startups

Welcome to Alfabeat, a specialist seed and early stage venture capital fundfocused on Enterprise SaaS companies from Central and Eastern Europe,backed by successful enterprise software founders.

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Investment focus

  • Industry: Software, Marketing, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Poland, United Kingdom, United States

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • SunRoof — Roof of the future
  • Monetizr — Monetizr connects brands with 340M+ Gen Z and Millennial gamers through rewarded, native experiences in mobile games, driving engagement, brand favorability, and purchase intent in one of the most immersive media channels.
  • Fluency — Fluency is a blockchain-empowered CBDC proprietary platform revolutionizing the existing financial system. Their blockchain enterprise smart contract platform was developed for the purpose of building and interconnecting national multi CBDC networks. Fluency Aureum allows issuance, distribution, and exchange of multi-CBDCs between central banks,commercial banks, merchants, and consumers. The company's proprietary technology is specifically tailored with the idea of bringing technological and economical innovations of digital currencies to the existing financial system.It was incorporated in 2019, headquartered in London, UK with subsidiaries in Delaware, US, and Dublin, Ireland.
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Neptunia Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

Neptunia is a Swedish investment company, with Nordic ownership, that was founded by the brothers Johan och Mikael Karlsson together with the Ehrnrooth family. Neptunia invests in companies within Real Estate and Finance as well as Defence and Security.

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Investment focus

  • Industry: SaaS, Drones, Cycling
  • Stage:Seed, Series A
  • Geography: Sweden

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Arkion — Skyqraft is a visual data analytics provider helping businesses in the linear infrastructure sector make better decisions about their grid. Today, Skyqraft is a trusted partner of some of the most influential and forward looking critical infrastructure organizations in Europe and North America.
  • Ekolution — Ekolution is a Sustainability & Cycling company.Ekolution AB offers durable, climate-smart prefabricated panels of the natural material hemp lime (hempcrete). Our building materials are not only carbon neutral, but actually carbon dioxide negative (there is more CO2 bound in the hemp than is emitted.
  • Volter — Volter software offers a comprehensive solution for commercial and industrial property owners to deploy, manage, and improve solar assets.
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Gullspång Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

Gullspång Invest is a Stockholm based family office with a long-term investment philosophy. Gullspång Invest funds team of entrepreneurs who are committed to building companies making a big positive impact. The company is a purpose-driven, for profit, with passion, and are seeking long-term partnerships with like-minded entrepreneurs.

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Investment focus

  • Industry: Software, Food and Beverage, Solar
  • Stage:Series A, Seed
  • Geography: Sweden, United States

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Qvantum — Qvantum is driven by a passion for a sustainable future and we are changing the way the cities of Europe are heated.
  • Baseload Capital — At Baseload Capital we dream of a planet in balance with resilient societies that run on renewable geothermal energy.
  • NICK’S — Swedish-style ice cream is so creamy, so light and so Swedish. Swedish-style is low fat, low calorie, and keto friendly ice cream. But most importantly it&#39;s CREAMY ice cream that has only 4-7g of net carbs per serving.
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Sting Capital
VC Fund · Kista, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

Sting – Stockholm Innovation & Growth enables talented people to turn their ideas into sustainable businesses. The support they offer includes qualified coaching in business development, a business angel network, a venture capital fund, a recruitment service, and an international network of investors, business contacts and experts. Itcontribute to the success of Sweden’s future technology companies by helping them to grow and compete internationally.

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Investment focus

  • Industry: Software, Apps, Medical
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Prion — Prion makes it quick and easy for the preschool staff to give parents insight into what happens at preschool - together with the children. The app is available free for iPhone, Android and iPad.
  • Texelio — Texelio a company who is set to redefine financial market news by developing AI which empowers the customers of Retail banks, Online Brokers and Investment Service platforms.
  • Minnemera — Minnemera develops digital neurocognitive tests.
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Sweden Sustainability startups

European early-stage venture capital fund backed 100% by founders. Helping Pre-Seed and Seed SaaS, Marketplaces & Platforms with their Go-To-Market.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 99
  • Lead/follow: no public data

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Delfio — Delfio is a data-driven procurement platform that facilitates collective purchase for professional buyers around Europe.
  • Stack — Stack is an immersive experience of the internet with collaboration at its core. Achieve more with your peers in an organized environment
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Vinnova
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

Vinnova is Sweden's government agency for innovation. Our mission is to contribute to sustainable growth by improving the conditions for innovation. We do this mainly by funding innovation projects and the research needed to develop new solutions. We also invest long term in strong research and innovation environments. We stimulatecollaborations between companies, universities and other higher education institutions, public services, civil society and other actors. Our activities also focus on strengthening international cooperation. Each year, Vinnova invests around $350 millions in fostering innovation. Most of these funds are allocated via calls for proposals in which companies, public sector actors and other organisations apply for funding. All investments are continuously monitored and evaluated and we regularly analyse the impacts of our investments.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Grant, Seed
  • Geography: Sweden, United States

Investor stats

  • Total investments: 74
  • Lead/follow: no public data

Portfolio highlights

  • Saab — Saab serves the global market of governments, authorities and corporations with products, services and solutions ranging from military defence to civil security.
  • BeammWave — The mmWave technology for 5G and beyond
  • Beat Vascular Health — Beat Vascular Health is developing a decision support tool that is accurate, accessible, and simple to use in order to assist prevent ACS overadmission. The use of AI-supported software and multi-sensor input results in increased accuracy. Their system's software is presently being utilized to handle similar difficulties in other applications.
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GU Ventures
VC Fund · Gothenburg, Vastra Gotaland, Sweden · 2 investments in Sweden Sustainability startups

GU Ventures build businesses out of groundbreaking ideas that help shape a better tomorrow. Our passionate team of company builders, financial experts, IP and legal talent ensure success for our companies.

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Investment focus

  • Industry: Pharmaceutical, Medical, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Sweden, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $810k–$2.9M; Series A $2.3M–$73M; Venture - Series Unknown $794k–$1.5M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Mimbly — Mimbly creates sustainable water solution with a focus on water usage and micro-plastics. Our product The mimbox, recycles up to 70% of the water from washing machines while capturing the micro plastics released.
  • NSS Water
  • Thioredoxin Systems — Thioredoxin Systems AB is developing an innovative antibiotic regimen for complicated urinary tract infections caused by antibiotic-resistant bacteria. The
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Forec
VC Fund · 2 investments in Sweden Sustainability startups

Forec is an investment Firm.

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Investment focus

  • Industry: Recycling
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Mimbly — Mimbly creates sustainable water solution with a focus on water usage and micro-plastics. Our product The mimbox, recycles up to 70% of the water from washing machines while capturing the micro plastics released.
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LT Capital
VC Fund · Krakow, Malopolskie, Poland · 2 investments in Sweden Sustainability startups

We are:Industry 4.0 seed fund. Typically, we invest around EUR 250K. If necessary, we are able to bring top-tier co-investors to the table if a bigger ticket is needed.Founder-centric. Few VC's understand that founders are the ones that run the companies. We are there to help, not to replace.Heavily networked. With contacts across theglobe, we are the bridge between great companies from the CEE and bigger funds and clients from rest of the world.Focused on CEE. In the upcoming years we will invest in around 40 companies in Central and Eastern Europe, with Poland being the main site of our investments.

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Investment focus

  • Industry: Software, Internet, SaaS
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Poland, United States, Sweden

Investor stats

  • Total investments: 31
  • Round size: Seed $274k–$2.1M; Pre-Seed $124k–$534k
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Fizen.com — Fizen is your all-in-one financial solution, designed to seamlessly fuse traditional systems with the pioneering world of digital finance. Whether it's processing transactions through our robust payment gateway, delving into banking history for enriched financial data, offering white-label mobile wallet solutions, or integrating digital currencies including crypto and stablecoins,
  • ProperGate — Smart delivery management system providing real-time information and control of materials on complex construction sites.
  • SmartyMeet — We are Leveraging the power of AI to enhance meetings We will create automatic notes during a meeting and real-time language translation | SmartyMeet
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Sophia Bendz
Angel · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

Sophia Bendz - Partner @ Cherry Ventures

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Investment focus

  • Industry: Health Care, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $400k–$6.2M; Pre-Seed $800k–$2M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Starmony — Create a song instantly on your phone by just using your voice. Get professional music production in no time. Release instantly on Spotify and Apple Music.
  • Wikifarmer — A free online knowledge library where professional or amateur farmers can find best practices on growing their fields more effectively and an online marketplace where farmers can sell their products to buyers directly. Our vision is to create a fair, transparent and profitable environment for all the farming world. Farmers are dedicating theirlives in cultivating their fields, but get the lowest value of all the sales cycle, so we believe they need to receive a more fair share. Buyers have the right to have more options and buy at better prices, so we want to be the ones to solve this inequality in both sides.
  • Care to Translate — We provide medical translations for healthcare professionals and patients. Available in 40 languages, 24/7 on your smart device or browser.
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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Sweden Sustainability startups

VC for the most ambitious founders in CEE

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Investment focus

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

Investor stats

  • Total investments: 94
  • Round size: Seed $300k–$9M; Pre-Seed $620k–$4.5M; Series A $3.4M–$23M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $119M in 2022

Portfolio highlights

  • Booksy — Booksy - book appointments online. Find &amp; book beauty services like hairdressing, manicure, spa or massage. Check prices &amp; reviews!
  • GRAI — GRAI is an AI music research company building the intelligence layer for musical intent — transforming music from passive listening into social participation.
  • Ingenix — Our solution leverages proprietary multimodal AI essential for tackling the complexities of multimodal biological systems.
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KTH Holding
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

KTH Holding is a state-owned limited company managed by KTH's University Board. It invests in promising startup companies that are based on research or teaching at KTH, with the aim of supporting commercialization and making it easier for new science to benefit society.

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Investment focus

  • Industry: Software, Information Technology, Biotechnology
  • Stage:Seed, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • Cellfion — Cellfion provides sustainable materials for next level clean energy storage and conversion devices.​
  • porkchop — In-space logistics for SmallSats in Low Earth Orbit and beyond.
  • Novatron — A new fusion reactor design for stable plasma confinement and fusion power generation.
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FAM AB
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

FAM is a privately owned holding company that manages assets as an active owner with a long-term ownership horizon.FAM is owned by the three largest Wallenberg foundations – the Knut and Alice Wallenberg Foundation, the Marianne and Marcus Wallenberg Foundation, and the Marcus and Amalia Wallenberg Foundation.FAM focuses its ownership on anumber of strategic holdings and a number of alternative investments. By actively contributing to the long-term development and growth of holdings, their dividend capacity and value can increase over time.Value creation and dividends from FAM grow the value of the foundations and their ability to distribute grants for research and education.FAM aims to generate returns and real growth in FAM’s capital by leveraging the combined experience and expertise of the FAM organization and the Wallenberg family network.FAM takes an active approach to ownership by focusing on activities that are in the best interests of holdings in the long term. In its role as a leading owner, FAM works to ensure that the boards of holdings have the right composition, and that FAM’s board representatives drive strategic work.FAM’s responsibility as majority owner is exercised in an engaged and discerning manner. FAM’s investment managers, who follow and analyze the holdings and the markets they operate in, support the board representatives.FAM’s team evaluates new opportunities that are in line with the current investment and ownership philosophy. The investment managers, together with the board members associated with the companies, form a business team for each holding. The business teams are the basis for active ownership.

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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Series A, Series B
  • Geography: Sweden, Austria, United States

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Holyvolt — Our mission is to provide the world with high-efficiency renewable energy solutions at an affordable cost and with minimal environmental impact.
  • Qarlbo Energy — Accelerating decarbonization with groundbreaking technology.
  • H2 Green Steel — H2 Green Steel will be a fully integrated, digitalized and automated greenfield steel plant. By bringing together raw materials, renewable energy, local expertise, and artificial intelligence, we aim to bring emissions down to zero.
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LongRun Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

Longrun Capital is a seed-stage capital focused on a sustainable, equitable, and prosperous world based in the Nordics.

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Investment focus

  • Industry: Environmental Consulting, SaaS, Cycling
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Sweden, Germany

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • CNaught — Your complete carbon credit solution
  • Ekolution — Ekolution is a Sustainability & Cycling company.Ekolution AB offers durable, climate-smart prefabricated panels of the natural material hemp lime (hempcrete). Our building materials are not only carbon neutral, but actually carbon dioxide negative (there is more CO2 bound in the hemp than is emitted.
  • Levanta — Levanta is an Amazon and Walmart Affiliate Marketing platform that helps Sellers build partnerships directly with revenue-generating creators, influencers, and affiliates.
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Sustainability Investor funding in Sweden at a glance

Stats across 413 deals from 540 investors.

540
investors
in Sweden Sustainability startups
413
deals
in Sweden Sustainability startups
$2.7M
median round
in Sweden Sustainability startups
39%
lead investors
lead at least one round
18%
Seed
most common funding stage
80/20
VC / Angel
share of investor count

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