SEB Venture Capital

SEB Venture Capital is the corporate venture capital arm of a Swedish financial services group. It invests in fintech and related technologies, acting as a strategic partner to entrepreneurs and the parent company. The focus is on innovative solutions that improve the financial industry's efficiency, safety, and user experience, with an evergreen structure that supports long-term value creation for the firm and its stakeholders.

Anders Jöngard

Investment Director and Investment Committee Member

Magnus Ramström

Investment Director and Investment Committee Member

Daniel Sjöstrand

Investment Analyst

Michael Sparring

Investment Manager

Past deals in Scandinavia

Apica

Venture Round in 2024
Apica provides a unified platform for application performance monitoring and data management. It offers Apica LoadTest for enterprise-grade load testing, Apica Synthetic for proactive website and application uptime monitoring, Apica Ascent for real-time telemetry data analysis, and Apica Store for centralized machine data storage. The company simplifies data collection, optimizes pipeline control with AI/ML, and offers modern observability data management.

Apica

Venture Round in 2023
Apica provides a unified platform for application performance monitoring and data management. It offers Apica LoadTest for enterprise-grade load testing, Apica Synthetic for proactive website and application uptime monitoring, Apica Ascent for real-time telemetry data analysis, and Apica Store for centralized machine data storage. The company simplifies data collection, optimizes pipeline control with AI/ML, and offers modern observability data management.

ClimateView

Series A in 2023
Founded in Stockholm, Sweden in 2017, ClimateView develops a SaaS platform empowering public sector entities to make data-driven climate transition decisions. Its software collects and organizes climate data, enabling systematic modeling of political, economic, and energy shifts across cities, regions, and nations.

EnginZyme

Series B in 2022
EnginZyme is a Swedish biotechnology company established in 2014. It specializes in sustainable biomanufacturing, providing green chemistry solutions to various industries such as pharmaceuticals, food, chemicals, flavors, and fragrances. The company's patented cell-free technology platform enables the production of sustainable alternatives to plastics, nylons, rubbers, and other synthetics.

Airsonett

Venture Round in 2022
Airsonett is a medical device company focused on developing non-pharmaceutical treatments for allergic asthma and eczema. Its flagship product, the Air4, employs patented Temperature-controlled Laminar Airflow (TLA) technology to create a cleaner breathing environment. This non-invasive home device effectively reduces allergens and airborne irritants in the patient's vicinity during rest and sleep, providing significant relief for individuals suffering from allergic asthma and atopic eczema. Operating primarily in Sweden and the UK, Airsonett aims to enhance the quality of life for patients by offering effective prophylactic treatments that minimize reliance on traditional asthma medications.

Lysa

Venture Round in 2022
Lysa is a Stockholm-based automated investment service that simplifies smart savings. It offers digital portfolio management services, providing automatic fund selection based on individual risk profiles and producing tailored investment proposals.

Leneo

Seed Round in 2022
Leneo is a Danish company established in 2016, focused on transforming industries through innovative recurring business models that promote growth and sustainability. The firm develops product-as-a-service software aimed at companies seeking to implement user-centric business models. This technology enables manufacturing firms to transition from traditional sales of machinery and equipment to offering these products as services through leasing, rental, or subscription models. Leneo has experienced significant growth since its inception, expanding its operations to include offices in Stockholm and Helsinki. With a commitment to advancing knowledge and capabilities across various business sectors, Leneo plays a vital role in guiding organizations toward the future of sustainable business practices.

Matsmart

Venture Round in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products at discounted prices. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company addresses the issue of food waste by offering items that may otherwise be discarded due to packaging changes, approaching expiration dates, or other factors. Matsmart has successfully expanded its operations to Norway and Finland, achieving significant growth in the process, with recurring revenues reaching SEK 200 million. In 2017 alone, the company managed to save 2,022 tonnes of food from being wasted, providing suppliers with a viable outlet for their surplus inventory while promoting sustainability in the grocery sector.

Matsmart

Series C in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products at discounted prices. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company addresses the issue of food waste by offering items that may otherwise be discarded due to packaging changes, approaching expiration dates, or other factors. Matsmart has successfully expanded its operations to Norway and Finland, achieving significant growth in the process, with recurring revenues reaching SEK 200 million. In 2017 alone, the company managed to save 2,022 tonnes of food from being wasted, providing suppliers with a viable outlet for their surplus inventory while promoting sustainability in the grocery sector.

ClimateView

Series A in 2021
Founded in Stockholm, Sweden in 2017, ClimateView develops a SaaS platform empowering public sector entities to make data-driven climate transition decisions. Its software collects and organizes climate data, enabling systematic modeling of political, economic, and energy shifts across cities, regions, and nations.

Matsmart

Funding Round in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products at discounted prices. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company addresses the issue of food waste by offering items that may otherwise be discarded due to packaging changes, approaching expiration dates, or other factors. Matsmart has successfully expanded its operations to Norway and Finland, achieving significant growth in the process, with recurring revenues reaching SEK 200 million. In 2017 alone, the company managed to save 2,022 tonnes of food from being wasted, providing suppliers with a viable outlet for their surplus inventory while promoting sustainability in the grocery sector.

EnginZyme

Series A in 2021
EnginZyme is a Swedish biotechnology company established in 2014. It specializes in sustainable biomanufacturing, providing green chemistry solutions to various industries such as pharmaceuticals, food, chemicals, flavors, and fragrances. The company's patented cell-free technology platform enables the production of sustainable alternatives to plastics, nylons, rubbers, and other synthetics.

Capcito Finance

Venture Round in 2019
Capcito Finance AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in providing working capital solutions to small and medium-sized enterprises (SMEs). The company operates an online platform that integrates with cloud-based accounting systems, enabling businesses to access loans using their invoices as collateral. Capcito offers invoice discounting, factoring, and business loans, all facilitated with a simple click of a button. The platform automates credit assessments, providing real-time valuations of a company's data for a fairer, up-to-date lending decision. Capcito's services are designed to empower businesses to grow by simplifying access to financing.

Accedo

Private Equity Round in 2019
Accedo specializes in delivering compelling video experiences across multiple platforms. Headquartered in Stockholm, Sweden, it serves over 200 enterprise customers worldwide, including broadcasters, Pay TV operators, and OTT service providers.

Apica

Series D in 2018
Apica provides a unified platform for application performance monitoring and data management. It offers Apica LoadTest for enterprise-grade load testing, Apica Synthetic for proactive website and application uptime monitoring, Apica Ascent for real-time telemetry data analysis, and Apica Store for centralized machine data storage. The company simplifies data collection, optimizes pipeline control with AI/ML, and offers modern observability data management.

Capcito Finance

Venture Round in 2017
Capcito Finance AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in providing working capital solutions to small and medium-sized enterprises (SMEs). The company operates an online platform that integrates with cloud-based accounting systems, enabling businesses to access loans using their invoices as collateral. Capcito offers invoice discounting, factoring, and business loans, all facilitated with a simple click of a button. The platform automates credit assessments, providing real-time valuations of a company's data for a fairer, up-to-date lending decision. Capcito's services are designed to empower businesses to grow by simplifying access to financing.

Apica

Venture Round in 2017
Apica provides a unified platform for application performance monitoring and data management. It offers Apica LoadTest for enterprise-grade load testing, Apica Synthetic for proactive website and application uptime monitoring, Apica Ascent for real-time telemetry data analysis, and Apica Store for centralized machine data storage. The company simplifies data collection, optimizes pipeline control with AI/ML, and offers modern observability data management.

Leasify

Seed Round in 2016
Leasify AB is a technology company based in Stockholm, Sweden, that has developed a platform for managing and comparing leasing agreements. This platform allows companies to publish their leasing deals and assess their pricing for fairness. Leasify provides a free tool for users to upload their leases and receive insights into their costs, helping them make informed decisions about their leasing agreements. The platform also facilitates the procurement process by ensuring that transparent quotes are presented from reputable equipment suppliers, fostering competition on the buyer's terms. Additionally, Leasify sends notifications to businesses when contracts are nearing expiration, prompting them to explore new leasing and financing options.

iZettle

Series D in 2016
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.

Accedo

Acquisition in 2016
Accedo specializes in delivering compelling video experiences across multiple platforms. Headquartered in Stockholm, Sweden, it serves over 200 enterprise customers worldwide, including broadcasters, Pay TV operators, and OTT service providers.

Accedo

Venture Round in 2016
Accedo specializes in delivering compelling video experiences across multiple platforms. Headquartered in Stockholm, Sweden, it serves over 200 enterprise customers worldwide, including broadcasters, Pay TV operators, and OTT service providers.

Tink

Series B in 2016
Tink AB, founded in 2012 and based in Stockholm, Sweden, operates as a cloud-based open banking platform that supports the development of data-driven financial services. The company's offerings include account aggregation, payment initiation, and personal finance management tools, which can be integrated into existing banking applications or used as standalone services. Tink's mobile application enables users to manage their finances across multiple bank accounts, facilitate money transfers, pay bills, and set personal budgets. The platform also provides valuable insights through automatic transaction categorization and daily spending analyses. Tink collaborates with various financial institutions, including notable partners like ABN AMRO, BNP Paribas Fortis, Nordea, Klarna, and SEB, to enhance the financial services landscape.

iZettle

Series D in 2015
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.

Avidicare

Series A in 2015
Avidicare specializes in infection prevention by providing innovative ventilation solutions designed to manage airborne bacterial contamination in hospitals. Its flagship product, Opragon, reduces airborne bacteria levels in various hospital environments, primarily for infection-sensitive surgeries.

Innometrics

Series A in 2014
Innometrics AB, based in Stockholm, Sweden, is a developer of Profile Cloud, a customer data management platform designed to enhance engagement between businesses and their customers. The platform aggregates various sources of customer activity and combines them with existing in-house data to create comprehensive, real-time profiles for each customer. This enables organizations to deliver personalized experiences and campaigns, empowering their marketing, sales, and customer service efforts. Innometrics aims to facilitate more meaningful interactions between brands and consumers, helping businesses achieve better returns on their investments. The company also has an office in London and is recognized as a reliable partner for organizations seeking to enhance their customer engagement strategies.

iZettle

Series C in 2014
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.

Airsonett

Series B in 2014
Airsonett is a medical device company focused on developing non-pharmaceutical treatments for allergic asthma and eczema. Its flagship product, the Air4, employs patented Temperature-controlled Laminar Airflow (TLA) technology to create a cleaner breathing environment. This non-invasive home device effectively reduces allergens and airborne irritants in the patient's vicinity during rest and sleep, providing significant relief for individuals suffering from allergic asthma and atopic eczema. Operating primarily in Sweden and the UK, Airsonett aims to enhance the quality of life for patients by offering effective prophylactic treatments that minimize reliance on traditional asthma medications.

InDex Pharmaceuticals

Venture Round in 2014
InDex Pharmaceuticals AB, founded in 2016 and based in Stockholm, Sweden, is a clinical-stage biopharmaceutical company focused on developing innovative treatments for immunological diseases. Its flagship product, cobitolimod, is designed to provide local anti-inflammatory effects, healing mucosa and improving clinical symptoms in patients with ulcerative colitis. The company's platform technology involves DNA-based ImmunoModulatory Sequences (DIMS), which are used to treat a variety of immunological diseases. Additionally, InDex Pharmaceuticals offers DiBiCol, a diagnostic kit that monitors biomarkers specific for ulcerative colitis or Crohn’s disease from a single colonic biopsy.

Donya Labs

Series A in 2013
Donya Labs AB, founded in 2006 and headquartered in Linköping, Sweden, specializes in automatic 3D data optimization solutions for professional game developers. The company is renowned for its Simplygon software, which automates the optimization of 3D assets used in various applications including animation, games, CAD, and film. Simplygon enables game developers to enhance their content pipelines and streamline workflows across multiple platforms such as PC, consoles, tablets, smartphones, virtual reality, and augmented reality. Donya Labs serves clients not only within the gaming industry but also in other sectors globally. Since January 2017, Donya Labs operates as a subsidiary of Microsoft Corporation.

Apica

Series C in 2012
Apica provides a unified platform for application performance monitoring and data management. It offers Apica LoadTest for enterprise-grade load testing, Apica Synthetic for proactive website and application uptime monitoring, Apica Ascent for real-time telemetry data analysis, and Apica Store for centralized machine data storage. The company simplifies data collection, optimizes pipeline control with AI/ML, and offers modern observability data management.

Nuevolution

Venture Round in 2012
Nuevolution is a prominent small molecule lead discovery company established in 2001 and headquartered in Copenhagen, Denmark. The firm specializes in developing innovative treatments for human diseases, particularly in oncology and inflammatory conditions. Central to its operations is Chemetics®, a proprietary drug discovery platform that combines wet chemistry with molecular biology, allowing for the rapid synthesis and DNA-tagging of millions of diverse small molecule compounds. This advanced technology enables efficient screening to identify potent drug leads at an unprecedented scale and speed. With a library exceeding 1 billion compounds, Nuevolution collaborates with various pharmaceutical and biotechnology companies, including notable partnerships with leading industry names. Additionally, the company is involved in a joint venture focused on the discovery and development of small molecule drugs targeting epigenetic factors. Nuevolution's capabilities have led to the identification of novel ligands with potential applications in addressing significant unmet medical needs across various therapeutic areas. The company is privately owned by a group of key Scandinavian investors.

iZettle

Series B in 2012
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.

Clavister Holding

Venture Round in 2012
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.

Tail-f Systems

Series B in 2011
Tail-f Systems is a prominent provider of configuration management and network automation software, headquartered in Stockholm, Sweden. The company develops software solutions that enable Network Equipment Providers to create efficient on-device management systems and Element Management Systems/Network Management Systems platforms with enhanced capabilities. Additionally, Service Providers leverage Tail-f's software to rapidly develop scalable and agile management systems, allowing them to introduce network services to market more swiftly and reliably. Tail-f's focus on data model-driven software facilitates the creation of a centralized configuration database, delivering unified programmable management capabilities that cater to user preferences. Recognized as a Red Herring Top 100 company, Tail-f Systems plays a crucial role in modernizing network management practices.

InDex Pharmaceuticals

Private Equity Round in 2011
InDex Pharmaceuticals AB, founded in 2016 and based in Stockholm, Sweden, is a clinical-stage biopharmaceutical company focused on developing innovative treatments for immunological diseases. Its flagship product, cobitolimod, is designed to provide local anti-inflammatory effects, healing mucosa and improving clinical symptoms in patients with ulcerative colitis. The company's platform technology involves DNA-based ImmunoModulatory Sequences (DIMS), which are used to treat a variety of immunological diseases. Additionally, InDex Pharmaceuticals offers DiBiCol, a diagnostic kit that monitors biomarkers specific for ulcerative colitis or Crohn’s disease from a single colonic biopsy.

Coresonic

Venture Round in 2010
Coresonic AB is a Swedish company specializing in digital signal processor (DSP) technology tailored for the wireless industry. Founded in 2004, the company emerged from a research initiative at Linköping University, focusing on creating a new DSP architecture optimized for baseband applications. Coresonic's innovative approach offers a highly efficient, fully programmable, and scalable solution that avoids the complexities and high power consumption typically associated with conventional VLIW DSPs. The company provides a unique single instruction-flow multiple tasks (SIMT) DSP, along with the Coresonic Developer Studio, which includes development tools that facilitate coding, debugging, and profiling of firmware in C++ or assembler. The founding team comprises experienced professionals from academia and the semiconductor industry, including notable figures such as Professor Dake Liu and industry veteran Johan Lodenius.

Fältcommunications AB

Venture Round in 2009
Fält Communications provides value-added features and systems for reliable and secure machine to machine communiation. Fält Communications makes life easier for people and strives for a sustainable society. We have implemented nearly 150.000 installations, mainly in Europe but also in the US and Asia. We are proud to be able to assist our customer's operations to become more efficient, with the help of our technology and to reduce the impact on our environment, as our solutions will encourage transports to be fewer and energy consumptions less. We are market leading when it comes to mobile platforms on busses, with solutions such as onboard Wi-Fi and camera surveillance. All speed cameras in Sweden are also equipped with FältCom’s technology. When you are stepping into a lift its most likely that FältCom ensure the safety with an alarm system.

Signal Processing Devices Sweden

Series A in 2007
Signal Processing Devices Sweden AB provider signal processing solutions for analog-to-digital conversion. It offers IP for parallelization of ADCs, digitizers with USB and PXI express interfaces, and data acquisition solutions; and data acquisition cards for demanding measurement applications. The company also provides data capture software for the configuration and operation of the ADQ series data acquisition cards; and ADCapture Lab, which calculates performance parameters, such as SNR and harmonic levels. In addition, it offers digital IP blocks for FPGA and ASIC technologies. The company’ products are used in wireless communication, software-defined radio, medical imaging, measurement and instrumentation, radio base stations, data acquisition, radar, sonar and LIDAR, and electronic warfare solutions applications. Signal Processing Devices Sweden AB was founded in 2004 and is based in Linköping, Sweden.

Ascade

Venture Round in 2006
Ascade is a telecom software company founded in 1997 and headquartered in Stockholm, Sweden, with an additional office in Singapore. It develops business operations systems that help telecom carriers manage and optimize decisions and day‑to‑day activities. The core product, the Carrier Cockpit Suite, is a modular web‑based platform that supports end‑to‑end processes for trading and exchanging voice and data traffic, including billing, routing, trading, and interconnect management. The suite also offers modules for agreement management, business control, connectivity, planning, and a central platform. Ascade provides implementation, training, maintenance, and support services, and offers quality assurance, routing optimization, and product portfolio management tools. Its customers include wireline and wireless operators and alternative carriers across Europe, Asia, and the Americas.

ZealCore Embedded Solutions

Venture Round in 2006
ZealCore Embedded Solutions AB is a Swedish company specializing in the development of technologies for diagnostics and maintenance of software control systems. Founded in 2001 and based in Västmanland, Sweden, the company offers a range of innovative tools designed to enhance software development and troubleshooting processes. Its flagship products include the System Debugger, which collects and refines log information to assist in identifying software bugs, and the Model Replay Debugger, which facilitates the recording and analysis of UML models. Additionally, ZealCore provides the System Recorder, a blackbox recorder for system behavior, along with various tools for failure diagnostics, behavior analysis, and visualization. These solutions are aimed at tool vendors and solution providers, enabling users to effectively locate and analyze software issues, thereby improving the overall reliability of software control systems. ZealCore Embedded Solutions operates as a subsidiary of Enea Data AB.

Tail-f Systems

Series A in 2005
Tail-f Systems is a prominent provider of configuration management and network automation software, headquartered in Stockholm, Sweden. The company develops software solutions that enable Network Equipment Providers to create efficient on-device management systems and Element Management Systems/Network Management Systems platforms with enhanced capabilities. Additionally, Service Providers leverage Tail-f's software to rapidly develop scalable and agile management systems, allowing them to introduce network services to market more swiftly and reliably. Tail-f's focus on data model-driven software facilitates the creation of a centralized configuration database, delivering unified programmable management capabilities that cater to user preferences. Recognized as a Red Herring Top 100 company, Tail-f Systems plays a crucial role in modernizing network management practices.

Nuevolution

Series B in 2003
Nuevolution is a prominent small molecule lead discovery company established in 2001 and headquartered in Copenhagen, Denmark. The firm specializes in developing innovative treatments for human diseases, particularly in oncology and inflammatory conditions. Central to its operations is Chemetics®, a proprietary drug discovery platform that combines wet chemistry with molecular biology, allowing for the rapid synthesis and DNA-tagging of millions of diverse small molecule compounds. This advanced technology enables efficient screening to identify potent drug leads at an unprecedented scale and speed. With a library exceeding 1 billion compounds, Nuevolution collaborates with various pharmaceutical and biotechnology companies, including notable partnerships with leading industry names. Additionally, the company is involved in a joint venture focused on the discovery and development of small molecule drugs targeting epigenetic factors. Nuevolution's capabilities have led to the identification of novel ligands with potential applications in addressing significant unmet medical needs across various therapeutic areas. The company is privately owned by a group of key Scandinavian investors.
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