Luminar Ventures

Luminar Ventures is a Stockholm-based venture capital firm that concentrates on early-stage technology investments in the Nordic region, with a focus on Sweden-based startups seeking to disrupt major industries through digital innovations. The firm provides seed financing alongside active operational support, offering strategic guidance, growth planning, and assistance with organizational development to help portfolio companies scale. It targets scalable digital seed-stage companies led by ambitious entrepreneurs and backs ventures across areas such as fintech, artificial intelligence and machine learning, healthtech, and insurtech. By combining capital with hands-on support, Luminar Ventures aims to strengthen the foundations for rapid expansion and long-term success within the Nordic tech ecosystem.

Magnus Bergman

General Partner

Louise Hagen

Partner

Daniel Karsberg

Partner

Jacob Key

General Partner

Past deals in Sweden

ReCarber

Seed Round in 2025
ReCarber, a Swedish impact startup, specializes in accelerating bio-energy carbon capture and storage (BECCS) projects. Its platform streamlines the complex BECCS value chain, facilitating faster project deployment and connecting emitters with carbon credit buyers. This enables industries to achieve more efficient and lower-risk carbon reduction, thereby enhancing climate impact.

Corsmed

Seed Round in 2024
Founded in 2016, Corsmed specializes in developing advanced cloud-based platforms for medical imaging education. Its flagship product is a highly realistic Magnetic Resonance Imaging (MRI) simulation platform, often referred to as 'the flight simulator of MRI'. This platform enables educational institutions, healthcare providers, and research organizations worldwide to enhance MRI-related skills, improve patient safety, and facilitate innovative research.

Greenely

Series A in 2024
Greenely develops an application that enables users to monitor electricity consumption and provides tips for savings. With over 150,000 connected homes, the company aims to create zero-emission communities by optimizing energy usage through its platform.

Hiber

Series A in 2021
Hiber is a Gothenburg-based platform that enables users to create and play 3D interactive experiences without coding across web browsers and mobile devices. Founded in 2017, it operates a social gaming and entertainment ecosystem centered on HiberWorld, a web-based environment where people can build and share 3D worlds, games, and social spaces. The platform evolved from browser-based creation to include touch-enabled mobile creation, expanding access and user-generated content to more than a million experiences such as virtual worlds, 3D hangouts, games, and interactive exhibits. Hiber supports no-code and coding options and, with AI-powered features and natural-language input, aims to let users express themselves through interactive 3D media accessible from mobile and desktop devices.

Teemyco

Seed Round in 2021
Teemyco is an internet company based in Stockholm, Sweden, founded in 2019. It specializes in developing a virtual workplace software that facilitates online interactions among employees. The platform offers customizable virtual rooms, allowing teams to gather for meetings and ad hoc discussions irrespective of their physical locations. This design promotes inclusive collaboration and efficient onboarding, enabling colleagues to work together seamlessly while overcoming geographic limitations. Teemyco aims to enhance the remote working experience by providing tools that foster connectivity and teamwork in a digital environment.

Hiber

Seed Round in 2021
Hiber is a Gothenburg-based platform that enables users to create and play 3D interactive experiences without coding across web browsers and mobile devices. Founded in 2017, it operates a social gaming and entertainment ecosystem centered on HiberWorld, a web-based environment where people can build and share 3D worlds, games, and social spaces. The platform evolved from browser-based creation to include touch-enabled mobile creation, expanding access and user-generated content to more than a million experiences such as virtual worlds, 3D hangouts, games, and interactive exhibits. Hiber supports no-code and coding options and, with AI-powered features and natural-language input, aims to let users express themselves through interactive 3D media accessible from mobile and desktop devices.

Teemyco

Seed Round in 2020
Teemyco is an internet company based in Stockholm, Sweden, founded in 2019. It specializes in developing a virtual workplace software that facilitates online interactions among employees. The platform offers customizable virtual rooms, allowing teams to gather for meetings and ad hoc discussions irrespective of their physical locations. This design promotes inclusive collaboration and efficient onboarding, enabling colleagues to work together seamlessly while overcoming geographic limitations. Teemyco aims to enhance the remote working experience by providing tools that foster connectivity and teamwork in a digital environment.

Open Payments

Seed Round in 2020
Open Payments Europe is a developer of an innovative open banking platform that facilitates secure access to a wide range of bank APIs across Europe. Established in 2017 and headquartered in Stockholm, Sweden, the company provides crucial infrastructure for the open banking ecosystem, complying with PSD2 regulations. Its platform enables third-party providers and business partners to seamlessly integrate banking services while maintaining their own branding and user experience. By offering a single, secure access point, Open Payments empowers businesses to develop and enhance their products and services in a streamlined manner, promoting efficiency and innovation in financial technology.

Hiber

Seed Round in 2020
Hiber is a Gothenburg-based platform that enables users to create and play 3D interactive experiences without coding across web browsers and mobile devices. Founded in 2017, it operates a social gaming and entertainment ecosystem centered on HiberWorld, a web-based environment where people can build and share 3D worlds, games, and social spaces. The platform evolved from browser-based creation to include touch-enabled mobile creation, expanding access and user-generated content to more than a million experiences such as virtual worlds, 3D hangouts, games, and interactive exhibits. Hiber supports no-code and coding options and, with AI-powered features and natural-language input, aims to let users express themselves through interactive 3D media accessible from mobile and desktop devices.

Petbuddy Group

Seed Round in 2020
Petbuddy Group is a D2C pet care group of sustainable brands with the mission to do good for pets, pet parents and the planet. Our brand Buddy Pet Foods offers tailored subscriptions of natural- high quality dog food. In Sep 2020 we also launched Rockybox, a curated dog treat subscription box. We have invested heavy into our ecommerce/subscription platform and will over the next 5 years launch 5 to 7 more sustainable pet care brands based on data and trends. One customer group, one platform, many brands = strong value creation. Based out of Sweden we're experiencing strong growth and are seeking 5 MEUR to further scale PBG and it's brand offerings to new EU markets in 2021.

Health Integrator

Seed Round in 2020
Founded in Stockholm, Sweden in 2017, Health Integrator operates a digital platform facilitating access to various health services. It focuses on areas such as diet, physical activity, sleep habits, stress management, and substance use, offering health screenings, personal coaching, and a marketplace for related services.

Hiber

Seed Round in 2019
Hiber is a Gothenburg-based platform that enables users to create and play 3D interactive experiences without coding across web browsers and mobile devices. Founded in 2017, it operates a social gaming and entertainment ecosystem centered on HiberWorld, a web-based environment where people can build and share 3D worlds, games, and social spaces. The platform evolved from browser-based creation to include touch-enabled mobile creation, expanding access and user-generated content to more than a million experiences such as virtual worlds, 3D hangouts, games, and interactive exhibits. Hiber supports no-code and coding options and, with AI-powered features and natural-language input, aims to let users express themselves through interactive 3D media accessible from mobile and desktop devices.

Greenely

Seed Round in 2019
Greenely develops an application that enables users to monitor electricity consumption and provides tips for savings. With over 150,000 connected homes, the company aims to create zero-emission communities by optimizing energy usage through its platform.

Petbuddy Group

Seed Round in 2019
Petbuddy Group is a D2C pet care group of sustainable brands with the mission to do good for pets, pet parents and the planet. Our brand Buddy Pet Foods offers tailored subscriptions of natural- high quality dog food. In Sep 2020 we also launched Rockybox, a curated dog treat subscription box. We have invested heavy into our ecommerce/subscription platform and will over the next 5 years launch 5 to 7 more sustainable pet care brands based on data and trends. One customer group, one platform, many brands = strong value creation. Based out of Sweden we're experiencing strong growth and are seeking 5 MEUR to further scale PBG and it's brand offerings to new EU markets in 2021.

Open Payments

Seed Round in 2019
Open Payments Europe is a developer of an innovative open banking platform that facilitates secure access to a wide range of bank APIs across Europe. Established in 2017 and headquartered in Stockholm, Sweden, the company provides crucial infrastructure for the open banking ecosystem, complying with PSD2 regulations. Its platform enables third-party providers and business partners to seamlessly integrate banking services while maintaining their own branding and user experience. By offering a single, secure access point, Open Payments empowers businesses to develop and enhance their products and services in a streamlined manner, promoting efficiency and innovation in financial technology.

BYON8

Venture Round in 2019
Founded in Sweden in 2015, BYON8 aims to revolutionize healthcare through digital solutions. The company develops AI-based software for medical diagnostics, enabling users to track and maintain their health effectively.

Instabridge

Venture Round in 2018
Instabridge AB is a Stockholm-based company that develops a mobile application designed for finding and sharing Wi-Fi networks. Founded in 2012, the application facilitates the sharing of Wi-Fi access without requiring users to disclose passwords, promoting a community-driven approach to connectivity. Originally launched to enable users to share their home Wi-Fi with friends on Facebook, Instabridge has evolved into a broader Wi-Fi sharing platform, particularly gaining traction in developing markets like Brazil and Mexico, where cellular data can be costly. The app allows users to share access details of Wi-Fi hotspots and taps into a crowdsourced database, featuring both user-contributed hotspots and known public venues with free Wi-Fi, such as McDonald's and Starbucks. The company's mission is to establish a global Wi-Fi sharing community in cities worldwide.
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