Stark Future
Debt Financing in 2024
Stark Future, founded in 2019 by Anton Wass and Paul Soucy, is a Spanish company with Swedish origins, dedicated to revolutionizing the motorcycle industry through sustainable technologies. Located near Barcelona, the company aims to reduce emissions and pollution by producing high-performance electric motorcycles using eco-friendly materials. The Stark VARG, launched in December 2021, exemplifies this mission; it features an 80-horsepower, near-silent engine and advanced technologies such as a smartphone dashboard and a bike setup app. The development of the VARG involved eight patented innovations and garnered significant attention, achieving €9 million in advance sales within the first 24 hours and generating €50 million in its first month. Within two months of its launch, Stark Future sold over 5,000 motorcycles, positioning itself as a leader in the sustainable mobility sector. The company is also noted for its team, which includes former motocross world champion Sebastien Tortelli as test manager, further emphasizing its commitment to performance and innovation.
Founded by Jan Stenbeck in 1993, Tele2 is a leading telecommunications company with over 15 million customers across 10 countries. It offers a range of services including mobile communications, fixed broadband and telephony, data network services, cable TV, and content services.
Northvolt AB
Debt Financing in 2024
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.
Volvo Cars is a Swedish premium car manufacturer, founded in 1927. Known for its innovative and safe vehicles, Volvo offers a range of sedans, estates, cross country vehicles, SUVs, and convertibles. With operations in over 100 countries, the company is committed to sustainable mobility through plug-in hybrids and electric cars.
Zealand Pharma
Post in 2023
Zealand Pharma A/S is a biotechnology company based in Copenhagen, Denmark, specializing in the discovery and development of peptide-based medicines. The company has a growing proprietary pipeline that includes several clinical candidates such as glepaglutide for short bowel syndrome and dasiglucagon for diabetes management and congenital hyperinsulinism. Zealand's first developed medicine, lixisenatide, is a once-daily GLP-1 analogue for Type 2 diabetes, marketed globally outside the US. The company has established collaborations with major pharmaceutical partners, including Sanofi, Helsinn Healthcare, and Boehringer Ingelheim, enhancing its product offerings and expanding its reach in the market. Zealand Pharma is committed to advancing innovative therapies, with multiple projects in various stages of clinical development and preclinical research.
Exeger
Debt Financing in 2023
Exeger Sweden AB is a technology company that specializes in the development and commercialization of innovative light energy harvesting solutions. The company focuses on creating dye-sensitized solar cells that convert various forms of light, including both natural and artificial light, into electrical energy. This technology enables the integration of self-power capabilities into everyday devices, enhancing their functionality and sustainability. Exeger's solar cells can be printed in various colors and free-form designs, making them suitable for a wide range of applications in consumer electronics, wearables, and other products. By providing efficient energy solutions that operate even in indoor lighting conditions, Exeger aims to transform how energy is perceived and utilized in everyday life.
Ericsson, established in 1876, is a global leader in telecommunications, providing technology and services to telecom operators worldwide. The company specializes in information and communications technology services, offering a broad portfolio that includes mobile and fixed network infrastructure, telecom services, software, broadband, and multimedia solutions. Ericsson Ventures, its investment arm, focuses on emerging growth areas such as IoT, AI, machine learning, and connected devices, managing over 95 million connected devices globally.
Atea is a leading supplier of IT infrastructure in the Nordic and Baltic regions, employing approximately 4,600 individuals across 72 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia, and Estonia. The company specializes in providing a wide range of IT products from prominent vendors and offers expert services in IT infrastructure, supported by around 2,500 consultants and 6,500 technology certifications. Atea's product and service offerings include third-party hardware and software, mobile device management, security software, and maintenance and operation of IT systems. Its operations are structured into six business segments based on geographical areas and services, with the majority of its revenue generated from Sweden.
Affibody
Debt Financing in 2022
Affibody is a Swedish biotechnology company focused on developing next-generation protein-based therapies and diagnostic imaging agents using its proprietary Affibody molecules and Albumod platform. Its Affibody molecules are small, robust proteins engineered to bind selectively to a broad range of target proteins, enabling applications in diagnostics, molecular imaging, protein purification, enzyme inhibition, and targeted therapeutics. The company pursues clinical-stage drug development and monoclonal antibody programs, including efforts aimed at psoriasis and B-cell–driven autoimmune diseases, with the goal of delivering therapies that improve patient outcomes.
Founded in Denmark in 2007, GomSpace specializes in manufacturing nanosatellites and associated components. Its product portfolio includes mission payloads, power systems, communication systems, command & data handling, attitude & orbit control systems, ground system products, and structures. The company operates globally with a significant portion of its revenue generated from Denmark.
Sensible 4
Debt Financing in 2022
Sensible4 is an autonomous driving software company founded in 2017 and headquartered in Espoo, Southern Finland. The company specializes in developing self-driving vehicle technology that operates efficiently in changing weather conditions and does not rely on lane markings. By leveraging advanced AI sensor fusion, Sensible4's solutions are designed for low energy consumption and minimal resource requirements. The company aims to integrate autonomous shuttle fleets into existing urban transportation systems, enhancing last-mile transport for both goods and people. Sensible4 provides its expertise to vehicle manufacturers, automotive suppliers, cities, and mobile operators, focusing on delivering reliable and safe autonomous driving solutions across various vehicle types.
IQM Quantum Computers
Debt Financing in 2022
IQM Quantum Computers, founded in 2018 and headquartered in Espoo, Finland, specializes in developing and manufacturing hardware systems for quantum computing. The company focuses on scalable hardware solutions utilizing superconducting technology to build quantum processors for universal quantum computers. By concentrating on practical applications, IQM aims to enhance quantum computing capabilities and address challenges faced by various industries and society. As a spin-out from Aalto University and the VTT Technical Research Centre of Finland, IQM has achieved significant advancements in areas such as thermal management, which are crucial for improving computational speed and information accuracy. The company's innovations position it as a leader in the global pursuit of large-scale quantum computing solutions. IQM also offers access to its hardware for research laboratories and supercomputing centers, helping businesses reduce error rates that currently limit computing performance.
Essity is a health and hygiene company that develops, manufactures, and sells personal care products and medical solutions. Spun out from Svenska Cellulosa in 2017, it is headquartered in Stockholm, Sweden. The company offers a broad range of consumer products, including feminine care, baby care, toilet paper, facial tissue, wet wipes, hand soap, hand sanitizers, and tissue dispensers for institutional customers, as well as medical solutions in wound care, orthopedics, and compression therapy. Essity operates in about 150 markets and around 60% of net sales come from Europe.
Ørsted develops, maintains, and operates offshore and onshore renewable energy farms, energy storage facilities, and bioenergy plants. Its vision is a world powered entirely by green energy. Formerly known as DONG Energy, Ørsted has transformed from a black to a green energy company over the past decade, reducing its coal consumption significantly and aiming for full phase-out by 2023. As a global leader in offshore wind with a market share of 25%, it currently powers approximately 9.5 million people.
Area9 Lyceum
Venture Round in 2021
Area9 Lyceum ApS is a Copenhagen-based company that specializes in developing personalized and adaptive online learning modules for schoolchildren, students, and professionals. Founded in 2017, Area9 Lyceum focuses on providing education through digital platforms, utilizing a cloud AI-based educational approach. The company integrates blended learning techniques, offering a comprehensive platform that includes authoring, review, delivery, and reporting capabilities. This enables clients to personalize training and effectively manage content delivery, thereby reducing development time. Additionally, Area9 Lyceum is part of a broader group that includes Area9 Innovation, which supplies high-technology computer science solutions aimed at optimizing human resources in sectors such as call centers and process optimization for major corporations, including banks and pharmaceutical companies.
On Robot
Private Equity Round in 2019
On Robot is a Danish company founded in 2015, specializing in the manufacture of robotic equipment for automation across various industries. Based in Odense, it develops a range of plug-and-produce end-of-arm tools and software solutions designed to enhance the functionality of collaborative robots. The company's product offerings include electric grippers, sensors, and other equipment that seamlessly integrate with robots to improve efficiency in tasks such as packaging, quality testing, material handling, machine tending, assembly, and welding. By focusing on ease of use, cost-effectiveness, and safety, On Robot enables manufacturers to leverage the advantages of collaborative robots, allowing for flexible and customized automation solutions that work alongside human workers.
Clavister Holding
Debt Financing in 2019
Clavister Holding AB is a prominent cybersecurity vendor based in Sweden, with over 20 years of experience in the industry. The company develops, produces, and sells a comprehensive range of network security solutions designed to protect digital assets and ensure business continuity for clients worldwide, including communication service providers, governments, enterprises, and managed security service providers. Clavister's product portfolio encompasses identity and access management solutions, endpoint security, and both physical and virtualized network security products tailored for cloud environments. Its clientele spans over 150 countries, with a significant portion of revenue generated from operations within Sweden and across Europe, Asia, and other global markets.
Northvolt AB
Debt Financing in 2019
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.
Mobidiag
Debt Financing in 2019
Mobidiag is a Finnish-French biotechnology company specializing in the development and marketing of molecular diagnostic solutions aimed at detecting gastrointestinal infections, antimicrobial resistance, healthcare-associated infections, respiratory infections, and sepsis. The company utilizes established technologies such as real-time polymerase chain reaction (qPCR) and microarray to create a wide array of diagnostic tests and automated platforms. These solutions are designed to be fast, reliable, and cost-effective, catering to laboratories of various sizes. Mobidiag's offerings enable the detection of a majority of clinically relevant pathogens, including bacteria, parasites, and viruses, as well as important markers for antibiotic resistance, thereby enhancing diagnostic capabilities in hospitals, laboratories, and clinics.
Orbital Systems
Debt Financing in 2018
Orbital Systems is a Malmö, Sweden-based developer of advanced shower systems that recycle and purify water for domestic use. The company designs and markets water-saving shower technology capable of achieving up to 90% reductions in water use and up to 80% reductions in energy consumption, while maintaining comfort and hygiene. The technology is inspired by space research and emerged from collaboration with academic partners, and has received mentorship from industry leaders. Orbital Systems' shower systems treat and reuse water in each cycle, removing bacteria and contaminants when necessary, delivering efficient, eco-friendly appliances for sustainable households. The company positions itself in the clean-tech space with a focus on reducing household water and energy waste.
Mobidiag
Debt Financing in 2018
Mobidiag is a Finnish-French biotechnology company specializing in the development and marketing of molecular diagnostic solutions aimed at detecting gastrointestinal infections, antimicrobial resistance, healthcare-associated infections, respiratory infections, and sepsis. The company utilizes established technologies such as real-time polymerase chain reaction (qPCR) and microarray to create a wide array of diagnostic tests and automated platforms. These solutions are designed to be fast, reliable, and cost-effective, catering to laboratories of various sizes. Mobidiag's offerings enable the detection of a majority of clinically relevant pathogens, including bacteria, parasites, and viruses, as well as important markers for antibiotic resistance, thereby enhancing diagnostic capabilities in hospitals, laboratories, and clinics.
Nokia is a Finnish multinational telecommunications and information technology company that designs, manufactures, and sells telecom equipment, network infrastructure, and software for mobile operators, fixed networks, and enterprises. The company provides hardware and services across mobile networks, IP and optical networks, cloud and network services, and technology licensing, while also developing location-based technologies and digital mapping through its HERE division. Nokia serves operators and service providers in more than 150 countries and maintains a substantial focus on research and development, patent licensing, and end-to-end network solutions. The business aims to enable reliable connectivity, edge-to-cloud services, and advanced communication capabilities for customers worldwide.
Spinnova
Venture Round in 2018
Spinnova is a technology company that develops processes to produce textile fiber directly from wood fibre or waste without the use of harmful chemicals. It offers technology deliveries and services to enable sustainable textile production and aims to transform the global textile industry. Founded in 2014 and based in Jyväskylä, Finland.
Ericsson, established in 1876, is a global leader in telecommunications, providing technology and services to telecom operators worldwide. The company specializes in information and communications technology services, offering a broad portfolio that includes mobile and fixed network infrastructure, telecom services, software, broadband, and multimedia solutions. Ericsson Ventures, its investment arm, focuses on emerging growth areas such as IoT, AI, machine learning, and connected devices, managing over 95 million connected devices globally.
Northvolt AB
Debt Financing in 2018
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.
Flexenclosure
Debt Financing in 2017
Flexenclosure AB is an engineering firm based in Stockholm, Sweden, specializing in the design and manufacture of prefabricated modular data centers and intelligent power management solutions. The company's primary products include eCentre, a customizable data center that can be tailored for various operational needs, and eSite, a modular diesel-battery hybrid power system ideal for remote and unreliable power scenarios. Flexenclosure focuses on providing reliable, factory-built solutions that enhance flexibility for telecom operators worldwide, enabling them to expand and modernize their networks efficiently. The firm emphasizes the use of renewable energy, illustrating how such solutions can reduce operating costs while contributing to social development, particularly in underserved rural areas through initiatives like Community Power. Established in 1989, Flexenclosure operates globally with offices in multiple countries, serving notable clients in the telecommunications sector.
neXus
Debt Financing in 2017
Nexus Group is a Swedish-owned company that specializes in developing innovative identity and security solutions. Established in 1984, Nexus focuses on creating, managing, and controlling identities to enhance both physical and digital security. Their technology is designed to be cost-efficient and user-friendly, providing robust protection for e-commerce, internet banking, and public sector electronic services. Additionally, Nexus offers solutions for managing physical and digital access, securing entry points, and safeguarding communication between devices. With a presence in Europe, India, and the United States, the company employs approximately 300 individuals and serves a diverse clientele, including organizations that rely on their technology to support 100 million end users worldwide.
iZettle
Debt Financing in 2017
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.
Canatu is a Finland-based developer and manufacturer of carbon nanotube materials and related manufacturing technologies. It focuses on producing Canatu CNTs and CNT reactors for industry-transforming products and serves the semiconductor, automotive, and medical diagnostics sectors. The company provides CNT-based products and manufacturing equipment, including components used in advanced lithography and sensors, such as EUV pellicles, debris and optical filters, and film heaters that de-ice LiDAR and camera sensors to support autonomous driving. Canatu emphasizes customization and consistent CNT quality for highly engineered solutions and is exploring electrochemical sensing applications. Headquartered in Finland, it maintains sales offices in the United States, Japan, and Taiwan.
Mobidiag
Debt Financing in 2016
Mobidiag is a Finnish-French biotechnology company specializing in the development and marketing of molecular diagnostic solutions aimed at detecting gastrointestinal infections, antimicrobial resistance, healthcare-associated infections, respiratory infections, and sepsis. The company utilizes established technologies such as real-time polymerase chain reaction (qPCR) and microarray to create a wide array of diagnostic tests and automated platforms. These solutions are designed to be fast, reliable, and cost-effective, catering to laboratories of various sizes. Mobidiag's offerings enable the detection of a majority of clinically relevant pathogens, including bacteria, parasites, and viruses, as well as important markers for antibiotic resistance, thereby enhancing diagnostic capabilities in hospitals, laboratories, and clinics.
NewIcon Oy is a health technology company established in 2007, recognized as the market leader in pharmacy automation systems in Finland. The company specializes in developing automated medication dispensing systems tailored for both hospitals and retail pharmacies. By leveraging robotics and advanced software, NewIcon enhances efficiency and safety in medication distribution, allowing healthcare providers to prioritize patient care. With a workforce of approximately 70 employees, NewIcon has successfully delivered pharmacy automation solutions to over 100 pharmacies and hospitals across several countries, including Denmark, Russia, Israel, Iran, and China. The company maintains a commitment to quality, operating under a certified ISO 9001 quality management system, and has achieved a turnover exceeding €7 million.
Kiosked Ltd., established in 2010 and headquartered in Espoo, Finland, operates a global advertising automation platform. The company's core business is transforming publisher content into high-performing ad placements, addressing key industry challenges such as ad viewability, relevancy, and performance. Kiosked's platform enables real-time inventory buying for media buyers and brands, opening new revenue streams for publishers. With offices in nine countries, the company serves clients worldwide, offering a programmatic advertising solution that supports mobile, desktop, display, and video formats.
Kiosked
Debt Financing in 2015
Kiosked Ltd., established in 2010 and headquartered in Espoo, Finland, operates a global advertising automation platform. The company's core business is transforming publisher content into high-performing ad placements, addressing key industry challenges such as ad viewability, relevancy, and performance. Kiosked's platform enables real-time inventory buying for media buyers and brands, opening new revenue streams for publishers. With offices in nine countries, the company serves clients worldwide, offering a programmatic advertising solution that supports mobile, desktop, display, and video formats.
Better Place
Debt Financing in 2012
Better Place, an electric vehicle services provider, builds and operates an infrastructure and intelligent network to deliver services to drivers for the adoption of electric vehicles and optimization of energy use in North America, Japan, Australia, China, Denmark, and Israel. Its infrastructure and intelligent network provides electric car drivers with access to a network of charge spots, battery switch stations, and systems that optimize the driving experience.
Better Place has a strategic partnership with Renault. Shai Agassi and Quin Garcia founded it on October 29, 2007, with its headquarters in Palo Alto in California.
Better Place has operations in Israel, Denmark, and Australia. It filed for bankruptcy in November 2013.