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Top 50 Sustainability VC Funds & Investors in Sweden (June 2026)

The most active venture capital funds 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
23 Sweden Pre-Seed, Seed Software, Biotechnology, Health Care $5k–$2.7M
Almi Invest
VC Fund
19 Sweden, United States, Ukraine Seed, Pre-Seed Software, Health Care, Information Technology $174k–$2.2M
Norrsken VC
VC Fund
10 Sweden, United Kingdom, Germany Seed, Series A Software, Health Care, Food and Beverage $1.1M–$56M
Course Corrected
VC Fund
8 Sweden, United States Seed, Pre-Seed, Series A Energy, Renewable Energy, Software $66k–$10M
Industrifonden
VC Fund
5 Sweden, United States, Denmark Series A, Seed Software, Biotechnology, Information Technology $1.1M–$21M
Climentum Capital
VC Fund
4 Sweden, Germany, United States Seed, Series A, Series B CleanTech, Energy, Clean Energy $2.1M–$18M
BackingMinds
VC Fund
4 Sweden, Denmark, Finland Seed, Pre-Seed SaaS, Software, Agriculture $772k–$8.2M
byFounders
VC Fund
4 Denmark, United States, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Health Care $800k–$65M
CommerzVentures
VC Fund
4 United Kingdom, Germany, United States Series A, Series B, Series C FinTech, Financial Services, Software $7.3M–$103M
Kinnevik
VC Fund
4 United States, Sweden, Germany Series B, Series C, Series A E-Commerce, Health Care, FinTech $2M–$200M
Luminar Ventures
VC Fund
4 Sweden, Norway, United States Seed, Series A Software, Information Technology, SaaS $960k–$21M
Midroc New Technology
VC Fund
4 Sweden Seed, Series A Energy, Renewable Energy, Manufacturing
Unconventional Ventures
VC Fund
3 Sweden, United Kingdom, Denmark Seed, Pre-Seed, Series A Health Care, Software, Wellness $1M–$18M
Southbay ventures
VC Fund
3 Sweden Seed, Series A Sustainability, Cycling, Construction
Kiilto Ventures
VC Fund
3 Switzerland, Norway, Sweden Seed, Pre-Seed Software, Construction, Sustainability $1.3M–$2.7M
SamInvest Mitt
VC Fund
3 Sweden Seed, Pre-Seed Software, Manufacturing, Hardware $318k–$2M
Northzone
VC Fund
3 United States, Sweden, United Kingdom Series A, Series B, Seed Software, FinTech, Information Technology $2.4M–$95M
Altor
VC Fund
3 Sweden, Norway, United States Private Equity, Post-IPO Equity Manufacturing, E-Commerce, Energy $8.8M–$2B
Spintop Ventures
VC Fund
3 Sweden, Finland, Norway Seed, Series A Software, Information Technology, SaaS $878k–$12M
H&M Group Ventures
VC Fund
3 Sweden, United States, United Kingdom Series A, Seed E-Commerce, Fashion, Textiles $1.9M–$50M
Headline
VC Fund
3 United States, Germany, Brazil Series A, Series B, Seed Software, E-Commerce, Information Technology $1.2M–$88M
Lowercarbon Capital
VC Fund
3 United States, United Kingdom, France Seed, Series A, Series B Renewable Energy, Energy, Biotechnology $3M–$150M
DHS Venture Partners
VC Fund
3 Sweden Pre-Seed, Seed Software, Big Data, SaaS $180k–$1.8M
Ingka Investments
VC Fund
2 Sweden, United States, United Kingdom Series C, Series B FinTech, Financial Services, Software $1.4M–$200M
Fort Knox
VC Fund
2 Sweden Series A, Pre-Seed Apps, Mobile, Sports $3.4M–$4.8M
SEB Venture Capital
VC Fund
2 Sweden, Denmark, United Kingdom Series A, Series B Software, Information Technology, FinTech $1.2M–$23M
Vinnova
VC Fund
2 Sweden, United States Grant, Seed Health Care, Software, Biotechnology $27k–$570k
Verdane
VC Fund
2 Sweden, Norway, Germany Private Equity, Series A Software, E-Commerce, Information Technology $4.5M–$100M
Söderberg & Partners
VC Fund
2 United Kingdom, Sweden Pre-Seed, Seed, Venture - Series Unknown Mobile, FinTech, Insurance
Mastercard
VC Fund
2 United States, Canada, United Kingdom Series A, Corporate Round FinTech, Financial Services, Payments $750k–$300M
KTH Holding
VC Fund
2 Sweden Seed, Pre-Seed Software, Information Technology, Biotechnology $270k–$5.5M
LT Capital
VC Fund
2 Poland, United States, Sweden Seed, Pre-Seed, Angel Software, Internet, SaaS $137k–$2.1M
Neptunia Invest
VC Fund
2 Sweden Seed, Series A SaaS, Drones, Cycling
Redstone.VC
VC Fund
2 Germany, Finland, France Seed, Series A Software, Information Technology, Health Care
SMOK Ventures
VC Fund
2 Poland, United States, Ukraine Pre-Seed, Seed Software, Information Technology, SaaS $54k–$2.8M
FAM AB
VC Fund
2 Sweden, Austria, United States Series A, Series B Software, Manufacturing, Energy $963k–$105M
Sting Capital
VC Fund
2 Sweden Seed, Pre-Seed Software, Apps, Medical
La Famiglia
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, Information Technology, Artificial Intelligence
Peak
VC Fund
2 The Netherlands, Germany, Sweden Seed, Pre-Seed Software, SaaS, Information Technology
LongRun Capital
VC Fund
2 United States, Sweden, Germany Seed, Series A, Pre-Seed Environmental Consulting, SaaS, Cycling
Imprimatur Capital Fund Management
VC Fund
2 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps
Partnerinvest Norr
VC Fund
2 Sweden, United States Seed, Series A Software, Information Technology, Manufacturing
Alfabeat
VC Fund
2 Poland, United Kingdom, United States Seed, Series A, Pre-Seed Software, Marketing, Internet
SoftBank
VC Fund
2 United States, Brazil, Japan Series B, Series C Software, Information Technology, Internet
Inovo.vc
VC Fund
2 Poland, United States, Italy Seed, Pre-Seed, Series A Software, B2B, Apps
CapitalT
VC Fund
2 The Netherlands, United Kingdom, United States Pre-Seed, Seed Software, Artificial Intelligence, Information Technology
Visive Capital
VC Fund
2 Sweden Pre-Seed Environmental Engineering, Finance, Internet
EXOR N.V.
VC Fund
2 United States, Italy, France Series A, Pre-Seed Software, Blockchain, Health Care $765k–$270M
FINCA Ventures
VC Fund
2 Kenya, Nigeria, Mexico Seed, Grant, Series A Financial Services, Agriculture, AgTech $40k–$4.2M
World Fund
VC Fund
2 Germany, United Kingdom, France Series A, Seed, Series B Energy, Chemical, Biotechnology $4.5M–$66M
Access all 391 VC funds in Sweden Sustainability startups.

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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 · 23 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, Health Care
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 188
  • Round size: Seed $289k–$2.7M; Pre-Seed $5k–$296k
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Repli5 — Enabling autonomous vehicles with synthetic data. We automate the creation of synthetic data and digital twins.
  • Vesiro — Install our Elasticsearch plugin and keep your current setup. Just faster.
  • Ambidex AB — helps food retailers create new revenue streams on their refrigeration systems by stabilizing the electricity grid.
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Almi Invest
VC Fund · Stockholm, Stockholms Lan, Sweden · 19 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: 270
  • Round size: Seed $174k–$2.2M; Pre-Seed $236k–$1.4M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • 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.
  • 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.
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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, Health Care, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 102
  • Round size: Seed $1.1M–$11M; Series A $4.2M–$56M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • juli — juli helps you manage your chronic condition using artificial intelligence. We first learn everything that's unique about you. Then we guide you to improve your daily life.
  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • Endra
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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: 26
  • Round size: Seed $307k–$10M; Pre-Seed $133k–$8.2M; Series A $66k–$8.1M
  • Lead/follow: 23% lead, 77% 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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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: Software, Biotechnology, Information Technology
  • Stage:Series A, Seed
  • Geography: Sweden, United States, Denmark

Investor stats

  • Total investments: 182
  • Round size: Seed $1.1M–$6.3M; Series A $3.3M–$21M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • inRiver — Turn product data into a profit maker at every touchpoint with Inriver's market-leading PIM solution that powers the entire product journey.
  • AnaCardio — AnaCardio develops drugs targeting a novel mechanism that improves cardiac contractility and aims to improve clinical outcomes in heart failure.
  • Open Payments — Open Payments connects you to multiple banks through one single unified API. This removes the complexity and frictions of many diverse integrations
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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, Germany, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $2.1M–$12M; Series A $5M–$18M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $176M in 2022

Portfolio highlights

  • Aegir Insights — We enable strategic decision-making about offshore wind with powerful commercial tools and bespoke research. Discover our latest insights online.
  • Entocycle — Entocycle is developing the world’s most efficient and sustainable way to produce protein. The rainforests and savannahs of South America are being destroyed at shocking rates in order to grow crops such as soy to feed farm animals. Using insects to feed livestock requires significantly less land and water compared to soy whilst being a naturalpart of the diet for many animals including fish, chickens and pigs. Their technology is significantly more efficient at producing protein than traditional methods of production as their insects are vertically farmed and not restricted to floor space or area. Thanks to their automated system they can produce at industrial scale and offer farmers a cost-effective and sustainable alternative to soymeal and fishmeal.
  • Wayout International — WAYOUT offers complete water production systems for local coverage of perfect drinking water on a commercial platform with minimal eco footprint.
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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, Software, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Sweden, Denmark, Finland

Investor stats

  • Total investments: 30
  • Round size: Seed $772k–$3.5M; Pre-Seed $820k–$8.2M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Cetasol
  • 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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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 4 investments in Sweden Sustainability startups, 16 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: 104
  • Round size: Seed $1.5M–$8M; Pre-Seed $800k–$4.2M; Series A $6.1M–$65M
  • Lead/follow: 49% lead, 51% 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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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: 67
  • Round size: Series A $7.3M–$30M; Series B $10M–$50M; Series C $13M–$103M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $351M in 2022

Portfolio highlights

  • carbmee — Net zero solutions tailored for your business. Cut carbon, boost efficiency, and drive sustainability. Get in touch with our experts today.
  • 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.
  • Hedvig — Hedvig is a new approach to insurance. It’s about freedom and being ok with your life, no matter what happens to you. We provide fair help everyone’s entitled to.
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Kinnevik
VC Fund · Stockholm, Stockholms Lan, Sweden · 4 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 C, Series A
  • Geography: United States, Sweden, Germany

Investor stats

  • Total investments: 161
  • Round size: Series A $2M–$50M; Series B $21M–$153M; Series C $40M–$200M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Spring Health — Eliminating barriers to mental healthcare. Clinically-proven technology with world-class providers to deliver precisely what your employees need.
  • Global Fashion Group — Global Fashion Group (GFG) is the leading fashion and lifestyle destination in LATAM, SEA & ANZ.
  • Encube Technologies — Encube's AI-powered 3D industrialization platform helps hardware teams reduce production costs and cut time-to-market by half. Discover how.
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Access 48,091 investors

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

Browse database — It's Free!
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: 63
  • Round size: Seed $960k–$5.4M; Series A $2.9M–$21M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • 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.
  • FirstQFM — FirstQFM offers patent-pending AI 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.
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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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Unconventional Ventures
VC Fund · Copenhagen, Hovedstaden, Denmark · 3 investments in Sweden Sustainability startups, 7 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: 17
  • Round size: Seed $1M–$5.2M; Pre-Seed $1.5M–$2.8M; Series A $4.8M–$18M
  • Lead/follow: 35% lead, 65% 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.
  • Octarine Bio — Octarine Bio is a world leading synthetic biology platform with a core mission to drive bio-based, sustainable solutions to address the most pressing planetary issues through innovation & exploration. Inspired by nature, to protect nature.
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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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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 3 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: 9
  • Round size: Seed $1.3M–$2.7M
  • Lead/follow: 22% lead, 78% 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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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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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: 321
  • Round size: Seed $2.4M–$17M; Series A $4M–$40M; Series B $6.7M–$95M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $1.2B in 2022

Portfolio highlights

  • Stream — Stream is a financial services firm that allows employees to stream their earned wages into their accounts through an instant app. The app allows them to have complete control over when they get paid. It also effectively ends the need for employee advances, loans, and employee stress suffered from short-term, unplanned financial obligations. Thecompany aims to play a key role in reducing the poverty premium and preventing employees from entering cycles of debt caused by overdraft fees, high-interest credit, or payday loans.
  • HappyOrNot — With HappyOrNot you learn when, where and why customers are happy or not. Take action and improve with real-time customer feedback insights.
  • GovDash — Realize allows users to link brokerage accounts, view real-time account data, and place trades from any app. We currently support over 90 million accounts at the largest retail brokerages in the US.We're revenue-generating and backed by top investors like Y Combinator, Craft Ventures, Global Founders Capital, Soma Capital, Olive Tree Capitaland more.
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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: 61
  • Round size: Private Equity $329M–$2B; Post-IPO Equity $8.8M–$27M
  • Lead/follow: 18% lead, 82% 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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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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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: 57
  • Round size: Seed $2M–$7.1M; Series A $1.9M–$50M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • AltMat
  • Rondo Energy — Zero-Carbon Industrial Heat: The Rondo Heat Battery provides low-cost, zero-emission heat for global industry.
  • 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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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: 455
  • Round size: Seed $1.2M–$10M; Series A $4M–$30M; Series B $7.7M–$88M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Homa Games — Leave your mark in the gaming industry. We are building a team of extraordinary individuals working together to build apps that entertain the world. We are experts in every step of the publishing process.
  • Acorns — Acorns is a financial wellness app that helps individuals and families save, invest, and grow money automatically through simple, everyday habits.
  • Honeycomb — Honeycomb is a software debugging tool that can help you solve problems faster within your distributed services. Try Honeycomb for free today!
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Lowercarbon Capital
VC Fund · New York, New York, United States · 3 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: 189
  • Round size: Seed $3M–$12M; Series A $11M–$50M; Series B $21M–$150M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $350M in 2022

Portfolio highlights

  • Flair — Smart climate control in every room. Wireless smart thermostats and Smart Vents for Central Heating & AC, Mini Splits, Window ACs, Nest, Ecobee, and more
  • Quilt — Quilt is the best home climate system available. Our electric, energy efficient heat pump uses smart technology to save homeowners money and cut emissions.
  • Zap Energy — Zap Energy's fusion reactor stabilizes plasma using sheared flows rather than magnetic fields. Driving electric current through the flow creates the magnetic field, which confines and compresses the plasma. The higher the current, the greater the pressure and density in the plasma. Zap Energy's reactor is the least expensive, mostcompact, most scalable solution with the shortest path to commercially viable fusion.
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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, Big Data, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Sweden

Investor stats

  • Total investments: 24
  • Round size: Seed $180k–$1.8M; Pre-Seed $400k–$1.4M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Noru — Noru builds an AI-native platform for regulatory compliance.
  • Divly — Divly simplifies and automates declaring taxes on your crypto trading.
  • 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.
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Ingka Investments
VC Fund · South Holland, Illinois, United States · 2 investments in Sweden Sustainability startups

We invest in assets, manage companies, and operate strategic businesses to preserve and create value for Ingka Group and IKEA.

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Series B $1.4M–$200M; Series C $7.2M–$55M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • GREEN14 — GREEN14 is reinventing the extraction process of silicon from quartz with a patented solution. We use green hydrogen to separate silicon and oxygen within quartz instead of the usual coal.
  • AeroFarms — AeroFarms is an award-winning vertical farming company solving agriculture's biggest challenges, specializing in nutrient-dense microgreens.
  • Ruimo Environmental Protection — Ruimo Environmental Protection specializes in recycled polymers made of PP, HIPS, and ABS. It combines sales, R&D, and production.
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Fort Knox
VC Fund · Umeå, Vasterbottens Lan, Sweden · 2 investments in Sweden Sustainability startups

Fort Knox is a family-owned growth engine that invests in entrepreneurs to grow and develop.

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Investment focus

  • Industry: Apps, Mobile, Sports
  • Stage:Series A, Pre-Seed
  • Geography: Sweden

Investor stats

  • Total investments: 10
  • Round size: Series A $3.4M–$4.8M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Arevo — Arevo offers liquid and granular amino acid fertilizer technologies for faster and better plant establishment.
  • Elastisys — Welkin by Elastisys is the application platform for software critical to society. A secure and compliant Kubernetes platform made in Sweden.
  • Impactpool — Job vacancies in the European Union, United Nations and International Organizations.
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SEB Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

SEB Venture Capital is a Fintech investor that helps entrepreneurs and innovators launch and grow profitable businesses. They primarily serve as a strategic corporate venture focused on Fintech investments, with the option of partnering with SEB. They are also on the hunt for game-changing inventive solutions to new technologies that will make thefinancial industry smarter, safer, and more environmentally responsible, as well as more user-friendly. They also function as an evergreen fund, giving them the flexibility and staying strength to focus on long-term wealth development depending on what is best for the firm and its shareholders.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Series A, Series B
  • Geography: Sweden, Denmark, United Kingdom

Investor stats

  • Total investments: 70
  • Round size: Series A $1.2M–$11M; Series B $2.2M–$23M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — raised $300M in 1995

Portfolio highlights

  • Apica — The Operational Data Fabric from Apica unifies and connects all your data using a revolutionary Active Observability architecture.
  • MobileTag — Mobile Tag, the European leader in mobile barcode solutions, continues to innovate with the launch of its latest application: mobiletag Universal Reader and shopping.Mobile Tag is behind the creation of the flashcode, the standard 2D barcode used by operators in France. This type of Datamatrix barcode is used by the biggest companies indisplay, transportation, distribution, the pharmaceutical industry, and more.Mobile Tag has always tried to develop new technology from the consumer's point of view, and the mobiletag Universal Reader & shopping is no exception.The concept behind this application is to send, receive and share information and best prices to everyone and for everyone through all standardized barcodes.Scanning a barcode with your mobile phone is simply taking a picture of it with your phone, using the mobiletag application. Mobile tag is free!
  • 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.
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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: 79
  • Round size: Seed $30k–$360k; Grant $27k–$570k
  • Lead/follow: 66% lead, 34% follow

Portfolio highlights

  • Imvi Labs — Imvi Labs develops a VR and app based solutions for eye coordination and reading speed.
  • Proteinish — Proteinish creates textured plant protein solutions to improve the quality and scalability of alternative protein products.
  • Smartports
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Verdane
VC Fund · Oslo, Oslo, Norway · 2 investments in Sweden Sustainability 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:Private Equity, Series A
  • Geography: Sweden, Norway, Germany

Investor stats

  • Total investments: 131
  • Round size: Series A $4.5M–$29M; Private Equity $10M–$100M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $8.6M in 2013

Portfolio highlights

  • Vaadin — Vaadin is an open-source platform for modern web apps. It has a large library of components and an intuitive Java API. Works with Spring, CDI, and all of Java.
  • Meltwater — Discover how Meltwater helps PR and marketing teams monitor media coverage across both news and social media and enhance brand management.
  • Hornetsecurity — Hornetsecurity offers fully managed cloud security solutions including Cyber Security, Backup, Compliance & Risk Governance
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Söderberg & Partners
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Sustainability startups

Söderberg & Partners offers a wide range of services and products within multiple business areas including: Life and Non-Life Insurance Consulting, Wealth Management and Securities.

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Investment focus

  • Industry: Mobile, FinTech, Insurance
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: United Kingdom, Sweden

Investor stats

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

Portfolio highlights

  • Datia — Datia's products automate your sustainability workflows, data collection and reporting. Easily report on the EU Taxonomy, SFDR and more!
  • Babel Cover — Babel Cover is a provider of sustainable and transparent rewards-linked digital insurance.
  • Murphy Wealth — Murphy Wealth provides wealth management solutions for individuals and investors.
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Mastercard
VC Fund · Purchase, New York, United States · 2 investments in Sweden Sustainability startups

Mastercard is a payments and technology company that connects consumers, businesses, merchants, and governments. They provide data services and marketing center. Their marketing materials help card portfolios and businesses. They also provide fraud prevention solutions and payment ecosystem security.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Series A, Corporate Round
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 134
  • Round size: Series A $7.7M–$35M; Corporate Round $750k–$300M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Argyle — Access employment records instantly with consumer consent.
  • Astrada — Astrada is a software company that provides financial infrastructure, payments, and automation services.
  • Smile ID — Smile ID provides the best onboarding, identity verification, and user authentication service for fast growing businesses and startups in Africa.
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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
  • Round size: Seed $270k–$5.5M
  • Lead/follow: 41% lead, 59% follow

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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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: 28
  • Round size: Seed $274k–$2.1M; Pre-Seed $137k–$1.8M
  • Lead/follow: 46% lead, 54% 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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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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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: 152
  • Lead/follow: no public data

Portfolio highlights

  • CommerceClarity — CommerceClarity offers AI-powered catalogue optimization solutions that turn catalogue operations into a competitive advantage.
  • Connectome Health — Connectome is a cognitive intelligence platform that measures and understands how the brain changes over time using transparent, science-backed data people and organisations can trust.
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Sweden Sustainability startups

Bridging Silicon Valley to CEE

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Investment focus

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

Investor stats

  • Total investments: 62
  • Round size: Seed $439k–$2.8M; Pre-Seed $54k–$1.4M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • Mos Health
  • 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.
  • Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
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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: 18
  • Round size: Series A $963k–$105M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • SeeQC — SEEQC is developing the first digital quantum computing platform for businesses. SEEQC combines classical & quantum technologies to address the efficiency, stability & cost issues endemic to quantum computing.
  • Holyvolt — Our mission is to provide the world with high-efficiency renewable energy solutions at an affordable cost and with minimal environmental impact.
  • 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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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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La Famiglia
VC Fund · Berlin, Berlin, Germany · 2 investments in Sweden Sustainability startups

We are an early-stage venture capital fund backing the best tech entrepreneurs across Europe and the US

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 110
  • Lead/follow: no public data

Portfolio highlights

  • Equipme — Equipme seamlessly connects businesses with service providers to make it easier for customers to obtain services in a frictionless manner.
  • Luminovo — We are building data-driven and collaborative EMS RfQ software that gives you a breakthrough competitive advantage by automating and streamlining your processes
  • Replo — Customizable Shopify pages for serious ecommerce teams. Build Product Pages, Home Pages, Blogs and Ad Landing Pages with Replo. Made for marketing, integrated with Shopify - join 50,000+ stores in building better and faster pages with Replo.
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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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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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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 2 investments in Sweden Sustainability startups

Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Lead/follow: no public data

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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Partnerinvest Norr
VC Fund · Piteå, Norrbottens Lan, Sweden · 2 investments in Sweden Sustainability startups

Partnerinvest Norr is a private equity firm specialized in software, security, and biometrics sectors. Partnerinvest Övre Norrland AB is a venture capital firms that seeks to invest in limited companies which have are in the expansion phase.

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Investment focus

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

Investor stats

  • Total investments: 65
  • Lead/follow: no public data

Portfolio highlights

  • Elastisys — Welkin by Elastisys is the application platform for software critical to society. A secure and compliant Kubernetes platform made in Sweden.
  • Senseworks — Senseworks is an insight platform that enables colleagues to collaborate effectively with customers by providing a single source of truth for accounting data.
  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
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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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SoftBank
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Sweden Sustainability startups, 9 in the past 12 months

SoftBank Group Corp. (Chairman & CEO: Masayoshi Son) Corporate and IR site provides company information such as our company profile, an overview of the company and Group companies, as well as IR and CSR.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series B, Series C
  • Geography: United States, Brazil, Japan

Investor stats

  • Total investments: 253
  • Lead/follow: no public data

Portfolio highlights

  • ASAAS — Asaas helps individuals and companies automate financial processes and improve their relationship with customers. It brings in a single place, sending invoices, automation of communication through different channels, and receivable management. It’s possible to receive payments through bank payment slip, credit, and debit, send transfers, pay bills,anticipate receivables and NFS-e. It’s also connected to a credit card to withdraw from ATMs. Much more than a bank account, it drastically reduces manual work in administrative tasks and reduces the default rate, improving the customer’s cash flow.
  • OpenAI — Introducing Sora: Creating video from text
  • Blip — Digital communication solutions from Take Blip provide smarter contacts with your customers. See what the chatbots can do!
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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, B2B, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, Italy

Investor stats

  • Total investments: 58
  • Lead/follow: no public data

Portfolio highlights

  • SplxAI — SplxAI provides the most comprehensive platform for AI Security Testing and Red Teaming, ensuring your AI Assistants and Agents are secure and reliable from build to runtime.
  • sintra.ai — Build, grow, and scale your business with a team that never sleeps.
  • Quantia — A powerful and easy to use analytics platform for tracking, analyzing and understanding the performance of your brand in the ecommerce world.
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CapitalT
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 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, United States

Investor stats

  • Total investments: 33
  • Lead/follow: no public data

Portfolio highlights

  • Northsea — Northsea is an AI-native research platform that helps consultants, investors, and strategy teams generate deeper customer insights with a fraction of the effort.
  • 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.
  • Balthazar — Balthazar is a SaaS platform for hardware R&D that automates experiment tracking in the lab. It facilitates collaboration, ensures knowledge retention, and serves as the backbone of AI-driven research.
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Visive Capital
VC Fund · 2 investments in Sweden Sustainability startups

Visive Capital is a venture capital investment firm.

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Investment focus

  • Industry: Environmental Engineering, Finance, Internet
  • Stage:Pre-Seed
  • Geography: Sweden

Investor stats

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

Portfolio highlights

  • Earthbanc — The world's most advanced data driven carbon and finance marketplace. Venture backed by the European Space Agency incubator.
  • Measure & Change — Measure & Change has developed an automatic climate calculation service that collects data from the customer's business system, analyzes it, and calculates the organization's climate impact in real time.
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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: 54
  • Round size: Pre-Seed $765k–$5.2M; Series A $9.5M–$270M
  • Lead/follow: 17% lead, 83% 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!
  • 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.
  • Philips — Koninklijke Philips is a technology company that provides healthcare, consumer lifestyle, and lighting products, solutions, and services. The company offers professionals with healthcare, lighting, and oral healthcare products, professional dictation, and display solutions, and innovation services. It offers consumers electronic products related tosound and vision, personal care, mother and child care, housewares, lighting, PCs and phones, and more.
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FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Sweden Sustainability startups

FINCA Ventures is an impact investing initiative of FINCA International that provides patient capital and support to early-stage social enterprises.

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Investment focus

  • Industry: Financial Services, Agriculture, AgTech
  • Stage:Seed, Grant, Series A
  • Geography: Kenya, Nigeria, Mexico

Investor stats

  • Total investments: 23
  • Round size: Seed $1.1M–$4M; Grant $40k–$100k; Series A $1.1M–$4.2M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Cladfy — Cladfy is a data analytics company that creates tools to assist lenders, merchants, and individuals in making informed loan, savings, and expenditure decisions.
  • Karpolax — Karpolax provides preservation technologies for agricultural companies that enable them to enhance the shelf life of fruits and vegetables.
  • Good Nature Agro — Their priority is to generate lasting income with small-scale farmers. They build local community leaders into qualified Private Extension Agents (PEAs) who oversee and train farmers throughout the growing season. They support PEAs to provide frequent trainings and personalized recommendations on how their growers can make their field healthier andmore productive. PEAs promote improved farm practices and deliver a farmer-friendly loan of seeds and additional inputs. At harvest, Good Nature is a guaranteed market for the certified legume seed that their growers produce. Choosing to produce these high-value crops over traditional cash crops - maize and cotton - more than doubles their income.
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World Fund
VC Fund · Berlin, Berlin, Germany · 2 investments in Sweden Sustainability startups

European VC backing entrepreneurs who build climate tech that can save at least 100Mt CO2e emissions per year.

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Investment focus

  • Industry: Energy, Chemical, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, United Kingdom, France

Investor stats

  • Total investments: 33
  • Round size: Seed $4.5M–$10M; Series A $13M–$66M; Series B $20M–$64M
  • Lead/follow: 82% lead, 18% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • aedifion — Aedifion develops tools for the cloud-based processing of operating data from building automation systems.
  • Anaphite — A breakthrough nanomaterial
  • Farmless — A farmless fermentation platform has the potential to create an entirely new food repertoire, producing proteins, carbohydrates, beneficial fats, vitamins, and minerals from the ground up," explained Oner. "We are creating a new interface between food and electricity by domesticating microbes chosen for their food properties and abilityto grow on renewable energy-based feedstocks.
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Sustainability VC funding in Sweden at a glance

Stats across 346 deals from 391 investors.

391
investors
in Sweden Sustainability startups
346
deals
in Sweden Sustainability startups
$2.6M
median round
in Sweden Sustainability startups
46%
lead investors
lead at least one round
19%
Seed
most common funding stage

Access all 391 VC funds in Sweden Sustainability startups.

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