Partnerinvest Norr

Partnerinvest Norr is a private equity and venture capital firm based in Luleå, Sweden, founded in 2010. The firm focuses on investing in companies that are in their expansion phase across various sectors, including software, security, biometrics, cleantech, e-commerce, trade, tourism, industrial, media, transportation, information technology, communication, and life sciences. With a commitment to supporting growth-oriented businesses, Partnerinvest Norr aims to foster innovation and development within these industries.

Lena Fridlund Forsgren

Investment Manager

Past deals in Sweden

Elastisys

Venture Round in 2023
Founded in 2011, Elastisys specializes in cloud-native consulting services. It offers secure application management throughout the software development lifecycle, leveraging open-source cloud technology and expertise in distributed systems, performance computing, and cloud automation.

Nordic Quick Systems

Venture Round in 2022
Nordic Quick Systems AB is a Swedish company that specializes in the development and manufacturing of sprockets featuring rotatable and replaceable teeth, designed to serve various industries including paper and pulp mills, sawmills, mining, and theme parks. Founded in 2015 and based in Piteå, the company focuses on providing innovative solutions that allow for machine maintenance without the need to remove the chain or wheel body from the conveyor. Their patented sprocket technology aims to set a new industry standard by enhancing production efficiency and reducing maintenance costs for clients. Nordic Quick Systems offers a diverse range of sprocket types, including chain conveyor sprockets and custom machine components, tailored to meet specific client needs across both domestic and international markets.

Exeri AB

Venture Round in 2021
Exeri AB develops Smart Grid Surveillance, a digitization-based system that transforms electric grids into smart grids by fully digitizing networks. The technology monitors the electricity network in real time, providing network owners with up-to-date status, enabling early problem detection and enhanced security. It employs IoT technology, AI-based algorithms, and map-based location data to identify exact error positions, predict maintenance needs, and support real-time decision making. The system also improves safety for field workers and supports renewable energy deployment, including services for charging electric vehicles. Exeri AB was founded in 2009 and is headquartered in Luleå, Sweden.

Future Ordering

Series A in 2020
Future Ordering is a digital ordering platform based in Stockholm, Sweden, that aims to revolutionize the global Food and Beverage industry. With nearly a decade of experience, the company provides a self-ordering solution designed to be flexible and scalable for restaurant operators. Its platform includes features such as a contextual upsell algorithm, kiosk ordering, wallet payment options, and real-time order status updates. By enabling restaurant brands to streamline their operations, Future Ordering supports some of the most profitable chains across ten countries, managing millions of transactions each month while maintaining a low total cost of ownership.

Mowida

Venture Round in 2018
Mowida develops a digital platform aimed at simplifying property management for smaller housing companies. Headquartered in Umeå, Sweden, the company offers tools for administration, rental management, financial oversight, tenant communication, and system support.

Fortlax

Funding Round in 2018
Fortlax AB is a leading provider of digital storage services based in Piteå, Sweden, with an additional office in Malmö. Founded in 2004, the company operates three state-of-the-art data centers that utilize 100% green energy and natural cooling methods, ensuring environmentally sustainable operations. Fortlax offers a range of services, including virtual private servers, colocation, cloud connectivity, online backup, and consulting, tailored to support businesses in managing and securing their critical digital information. With a focus on high-quality facilities located in an area with minimal natural disaster risk, Fortlax has experienced significant growth, tripling its revenue in the past fiscal year while maintaining profitability. As a subsidiary of Ecodatacenter AB, Fortlax is committed to providing secure and efficient data storage solutions for corporations and government authorities.

Umecrine Cognition

Corporate Round in 2017
Umecrine Cognition is a biopharmaceutical company established in 2006, focusing on developing drugs to treat neurological disorders in the central nervous system (CNS) caused by endogenous CNS-active steroids, specifically GABA-steroids. The company's primary objective is to discover and commercialize novel therapeutics for treating Hepatic Encephalopathy, a cognitive disorder affecting patients with liver disease. Umecrine Cognition operates as a lean organization within a competent network, collaborating with Karolinska Development since its inception as a subsidiary of Umecrine AB.

Future Ordering

Venture Round in 2017
Future Ordering is a digital ordering platform based in Stockholm, Sweden, that aims to revolutionize the global Food and Beverage industry. With nearly a decade of experience, the company provides a self-ordering solution designed to be flexible and scalable for restaurant operators. Its platform includes features such as a contextual upsell algorithm, kiosk ordering, wallet payment options, and real-time order status updates. By enabling restaurant brands to streamline their operations, Future Ordering supports some of the most profitable chains across ten countries, managing millions of transactions each month while maintaining a low total cost of ownership.

Elastisys

Seed Round in 2017
Founded in 2011, Elastisys specializes in cloud-native consulting services. It offers secure application management throughout the software development lifecycle, leveraging open-source cloud technology and expertise in distributed systems, performance computing, and cloud automation.

Lipigon Pharmaceuticals

Seed Round in 2016
Lipigon Pharmaceuticals AB is a Swedish biopharmaceutical company founded in 2010, specializing in the development of therapeutics for dyslipidemia and metabolic diseases. The company focuses on innovative treatments targeting lipoprotein lipase (LPL), an enzyme linked to fat metabolism, which plays a significant role in conditions such as insulin resistance and metabolic syndrome. Lipigon is particularly dedicated to addressing rare diseases, including lipodystrophy and homozygous familial hypercholesterolemia, where existing treatment options are limited. The company's expertise in fat metabolism has led to a collaborative agreement with AstraZeneca to develop LPL-based pharmaceuticals, potentially yielding up to $110 million in milestone payments based on development and sales achievements. Lipigon Pharmaceuticals is headquartered in Umeå, Sweden.

Reclaimit

Venture Round in 2016
Reclaimit AB, founded in 1999 in Piteå, Sweden, specializes in return administration system solutions tailored for retail, e-commerce, and omnichannel environments. Initially named ETTnoll Design AB, the company has developed a range of services to streamline aftersales processes, focusing on returns, complaints, service, and repairs. Its flagship product, the Reclaimit Customer return-management service, automates the return flow for e-commerce businesses and physical stores. Additionally, the RECLAIMIT Service is a web-based IT system designed to manage service and repair requests, particularly in the home electronics sector, while RECLAIMIT Supplier addresses RMA issues for low-priced products. Reclaimit's innovative solutions aim to enhance customer satisfaction and operational efficiency, reflecting the company's commitment to leveraging technology for improved aftermarket services.

Sustainalube

Venture Round in 2016
Sustainalube is a Swedish company that develops environmentally friendly lubricants based on patented technology. The products are water-soluble, non-toxic, and fully degradable, designed to replace environmentally harmful cleaners without sacrificing price or performance. The company targets forestry and construction sectors and sells directly and through retailers, with global inquiries welcomed. Founded in 2015 by three professors from Luleå University of Technology, it has developed an oil-free lubricant line and continues to expand with additional applications. The products aim to reduce environmental impact and support sustainable development. The company has earned recognition in entrepreneurial competitions such as Venture Cup Sweden (Environment & Energy) and the Future Prize.

InfiCure Bio

Seed Round in 2016
InfiCure Bio is a life science company based in Umeå, Sweden, that specializes in the preclinical development and validation of drugs aimed at chronic inflammatory and fibrotic conditions. Founded in 2015, InfiCure Bio evolved from a project initiated at Umeå Biotech Incubator, led by Prof. Dan Holmberg and Dr. Sofia Mayans. The company has developed a unique preclinical model that simulates fibrosis in multiple organs, such as the liver and kidneys, and is characterized by spontaneous development following chronic inflammation. This model allows for comprehensive testing of anti-inflammatory and anti-fibrotic drugs, offering pharmaceutical companies the ability to evaluate their new therapies through structured studies that include setup, execution, analysis, and reporting of results. InfiCure Bio's focus aligns with addressing significant healthcare challenges associated with conditions like chronic liver disease and chronic kidney disease.

BioResonator Good Eye

Funding Round in 2016
BioResonator Good Eye is a Swedish Medtech company focused on the development, marketing, and sale of advanced tonometers, specifically designed for measuring intraocular pressure (IOP) to aid in the detection of glaucoma. The company has created a tonometer named ART, which utilizes unique and patented technology developed in collaboration with scientists at Umeå University Hospital. This device is designed to be user-friendly, accurate, and safe, making it feasible for various operators to perform IOP measurements effectively. By providing innovative diagnostic products, BioResonator Good Eye aims to enhance the capabilities of healthcare providers in diagnosing and treating glaucoma, ultimately improving patient outcomes.

Botnia Exploration Holding AB

Post in 2015
Botnia Exploration Holding AB is involved in the exploration of precious and base metals in Sweden, focusing primarily on gold, along with silver, copper, zinc, and tungsten. The company holds a diverse project portfolio that includes approximately 20 exploration permits and one exploitation concession. Key projects include Vindelgransele, Vargbäcken, and Fäbodtjärn, where the company conducts its mining and exploration activities.

COS Systems

Venture Round in 2015
COS Systems AB is a software development company based in Umeå, Sweden, with an additional office in Newport, Rhode Island. Founded in 2010, the company specializes in providing software solutions for fiber network owners and operators. Its offerings include an operational support and business support (OSS/BSS) solution tailored for both single and multi-provider networks. This solution features a self-service marketplace for service providers and tools designed to optimize return on investment while gauging customer interest. COS Systems also provides COS Service Zones, a business system that aids in the planning, deployment, and marketing of advanced fiber networks, as well as COS Business Engine, which automates the marketplace experience for subscribers. The company's solutions help clients manage various aspects of their operations, including infrastructure, service providers, and customer interactions. COS Systems serves a diverse clientele, including large international operators, municipal networks, power companies, and real estate holding firms.

Likvor

Seed Round in 2015
Founded in 2007, Likvor specializes in neurological investigation systems. Its flagship product, the CELDA System, assesses cerebrospinal fluid dynamics, enabling accurate diagnosis and monitoring of conditions like Normal Pressure Hydrocephalus (NPH) and shunt functionality.

Xore

Venture Round in 2015
Xore develops and supplies on-stream analyzers for real-time elemental analysis of pulp and liquids in the mining industry. Its primary product, Boxray™, uses X-ray fluorescence technology to monitor metal content in various applications such as concentrator plants, waste water treatment, leaching solutions, and electrolyte monitoring. Serving customers globally, Xore aims to enhance recovery efficiency and productivity.

SpinChem

Seed Round in 2015
SpinChem AB is a Umeå-based company that develops and sells innovative laboratory equipment designed for chemical processes involved in the production and purification of various substances. Its flagship product, the SpinChem® rotating bed reactor, addresses challenges related to slow reaction kinetics by enhancing mass transfer between solutions and solid phases. The company's offerings include a range of products such as MagRBR for heterogeneous reactions, filter kits, magnetic stirrers, and high-temperature hose connectors. These products are utilized across multiple industries, including pharmaceuticals, cosmetics, food, and environmental applications, providing efficient solutions for process development, reaction screening, and downstream processing. SpinChem is committed to delivering environmentally friendly and cost-effective solutions to its clients.

Umefast

Funding Round in 2014
Umefast AB is a Swedish company based in Umeå, specializing in the development of computer applications tailored for property management and maintenance within the real estate industry. Established in 1991, Umefast provides a range of web-based solutions built on Microsoft platforms, offering services such as application and data hosting, technical property administration, and financial control. The company's comprehensive systems facilitate various functions, including maintenance work order processing, preventive maintenance, labor planning, and contract management. Umefast's applications are utilized by numerous government, municipal, and private management companies throughout the Nordic region, enabling them to effectively plan and manage resources, materials, and time in their operations.

Kittelfjall

Seed Round in 2014
Kittelfjall operates an online store specializing in profile clothing, offering a range of products including fabric patches, hats, pants, t-shirts, jackets, and sweaters. Additionally, they provide rental services for skis adapted to snow and skiing conditions, allowing customers to try out equipment from brands such as Völkl, Scott, and CMD without having to bring their own. Furthermore, Kittelfjall operates hotels, hostels, camping facilities, and cottages in Sweden, catering to tourists seeking luxury accommodations with amenities like skiing facilities, fishing, trekking, and various dining options. Guests can choose between comfortable hotel rooms, family-friendly rooms, or self-catering cottages to suit their preferences.

SmartPlanes

Venture Round in 2014
SmartPlanes AB is a manufacturer of small, rugged unmanned aerial vehicles (UAVs) designed for a range of aerial mapping and surveying applications. Established in 2005 and headquartered in Skellefteå, Sweden, the company produces the SmartOne UAV, which caters to multiple sectors, including forestry, agriculture, civil engineering, utilities, and real estate. The UAVs are equipped to handle tasks such as corridor mapping, waste dump management, and inspections related to natural disasters. Additionally, SmartPlanes offers advanced capabilities for beyond visual line of sight operations, enabling applications in areas like forest fire monitoring, large-scale precision agriculture, and wildlife protection. The technology employed in their drones facilitates high-precision surveying and mapping, leveraging aerial geomatics and geospatial technology to deliver efficient and accurate results for various industries.

Limes Audio

Seed Round in 2014
Founded in 2007 by Ph.D. graduates from Blekinge Institute of Technology, Sweden, Limes Audio specializes in professional audio signal processing for speech enhancement. Its core technology removes echoes and noise, delivering natural, clear speech for improved communication quality.

c/o Gerd

Private Equity Round in 2014
c/o Gerd is a manufacturer and seller of organic beauty products, established in 2008 by Anna-Lena Wiklund Rippert and Johan Wiklund in Jokkmokk, Sweden. The company focuses on creating skincare, hair care, and body care items using organic raw materials, ensuring that all products are free from harmful substances such as parabens, aluminum, and alcohol. Research and development are conducted at their Jokkmokk facility in collaboration with chemists, while product testing and approval occur in Germany. The product line includes eco-friendly deodorants, hand and foot care, and specialized items for mothers and children, utilizing local ingredients like berries and herbs. c/o Gerd primarily sells its products through retailers and an e-commerce platform, with a growing export market in countries such as Belgium and Japan. The company's vision is to establish itself as a world-class brand in the organic skincare and cosmetics sector.

Agency9

Seed Round in 2013
Agency9 AB, founded in 2003 and headquartered in Stockholm, Sweden with an additional location in Luleå, is a leading provider of web and mobile solutions for three-dimensional (3D) visualization of geographic information and maps. The company specializes in enhancing collaboration and communication within the infrastructure, construction, and public sectors through its innovative software offerings. Agency9's products include CityPlanner, a cloud service for urban planning, and 3DMaps SDK, a platform supporting the development of 3D-enabled applications for various uses such as geoportals, navigation, issue tracking, and fleet management. The company serves cities and municipalities across Europe and Asia through distribution partners and original equipment manufacturers (OEMs).

Evado Mobile Solutions

Seed Round in 2013
Evado Mobile Solutions AB is a company based in Luleå, Sweden, specializing in mobile software solutions that enhance and streamline both internal and external communications within organizations. The company offers a mobile platform and application that empowers clients to deploy mobile services effectively. With a focus on two primary business areas—mobile solutions and business development—Evado Mobile Solutions employs a team of consultants and project managers dedicated to understanding client needs and delivering tailored solutions. The firm is particularly adept at assisting organizations undergoing change, fostering collaboration with clients that have open minds and capable teams to drive projects forward.

Flexibla Bostader Nord AB

Seed Round in 2013
Flexibla Bostäder Nord AB has developed a unique scheme for real estate financing of housing in regions with unclear future. Through Flexibostäder's construction, new residential properties will be able to be built throughout Sweden. In short, the first bet will be reported.

LYSTRA personlig assistans

Seed Round in 2013
Lystra Personlig Assistans is a provider of personal assistant services focused on supporting individuals with disabilities in Sweden. The company operates with the goal of becoming one of the leading assistant companies in the country, using Norrland as its base. Lystra is committed to delivering quality personal assistance in accordance with the laws and regulations governing such services. By adhering to the principles outlined in the Swedish Act concerning Support and Service for Persons with Certain Functional Impairments (LSS), Lystra ensures that its services are aligned with legislative intentions, thereby enhancing the lives of those it serves.

Zordix

Seed Round in 2012
Zordix AB develops and publishes video games, primarily focusing on digital channels. Founded in 2009 and based in Umeå, Sweden, the company creates games for various consoles, including PlayStation 4, Wii U, 3DS, Xbox One, and Nintendo Switch. Zordix specializes in handheld game development and possesses expertise in design, animation, 3D modeling, programming, marketing, and sales. The company is also engaged in developing games for digital download platforms such as Nintendo DSiWare and the Nintendo eShop for the Nintendo 3DS.

Enycon

Private Equity Round in 2011
Enycon AB is a manufacturer and distributor of biofuel boilers based in Umeå, Sweden. The company specializes in eco-friendly heating systems, focusing on providing bio-based heating solutions tailored for both individual homes and commercial buildings. Enycon offers complete heating projects, which include the construction and operation of district heating systems, with a particular emphasis on economic efficiency, security, and optimized technology. Its primary clientele consists of property owners and municipalities looking to invest in new heating plants or to transition from oil and electricity-based heating systems to more sustainable biofuel alternatives.

UmBio

Funding Round in 2011
UmBio AB is a leading player in multivariate image analysis and they are known to provide a broad range of hardware and software products within this field. UmBio is based in Sweden and current customers include Merck, Danisco, Mirka, NeuroSearch, Pfizer, VTT and Arla. UmBio Evince Image, the company's multivariate image analysis software, is a versatile analytical tool that dramatically reduces the time required to reveal the value in online or lab data. UmBio Predict is UmBio’s new software and hardware for automatically predicting data from a given instrument in real-time, with an automatic high-performance calculation engine capable of 100% representation. UmBio Industry is a turn-key solution including sophisticated hardware and software solutions to allow the measurement of hundreds of wavelengths in real time with a high throughput hyperspectral camera. This generates high quality spectral data which is automatically analysed continuously in real time. On October 21st, 2009 UmBio recieved 1st Prize in the Metro Tech Challenge, a Swedish competition of startup companies arranged by SiSP and MetroTeknik. The associated press release states, "The jury considers UmBio to be a great example of successful entrepreneurship, together with a positive development of the organization, technology, products and market. UmBio seems to have the true possibility to penetrate an international process market. They are world leading pioneers within spectral image analysis, and provides next generation's quality control by offering chemical analysis in real time processes."

Treehotel

Seed Round in 2010
Treehotel AB is a unique hotel located in Harads, Sweden, specializing in modern, architecturally designed wooden rooms nestled in the natural surroundings of the forest. Since its founding in 2010, the hotel has offered guests an exceptional living experience, allowing them to immerse themselves in serene nature while enjoying contemporary accommodations. Treehotel provides a range of amenities, including a restaurant, bar, shop, guest house, and conference facilities, catering to various guest needs. The hotel also offers package deals tailored for companies, families, and couples, emphasizing relaxation and rejuvenation in a sophisticated yet welcoming environment. This distinctive approach to hospitality allows visitors to disconnect from the pressures of everyday life and embrace the tranquility of their surroundings.
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