Teknoinvest

Teknoinvest is a leading venture capital company based in Scandinavia, specializing in investments in emerging technologies across the ITC and Life Sciences sectors. With a primary focus on Scandinavia and the USA, Teknoinvest stands out as one of the earliest venture capital investment firms in the region. Its established track record highlights its success in generating value for investors, positioning it as one of the most prominent venture capital firms in Scandinavia.

Steinar Engelsen

Partner Oslo

Steven Morrell

Managing Director

Past deals in Scandinavia

GLO

Venture Round in 2017
glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who has published more than 500 papers related to this technology. glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications. glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications. glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized. glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.

Sol Voltaics

Series D in 2017
Sol Voltaics AB is a nanotechnology company based in Lund, Sweden, established in 2007. It specializes in enhancing the efficiency of solar energy capture and generation by utilizing innovative nanomaterials. The company's flagship product, SolFilm, is a solar panel additive composed of gallium arsenide nanowires that significantly boosts the performance of silicon solar modules. This lightweight photonic film not only converts high-energy sunlight into electricity but is also transparent to infrared light, allowing for further energy conversion by underlying CIGS or silicon cells in a stacked configuration. By integrating these technologies, Sol Voltaics aims to increase conventional photovoltaic module efficiencies by up to 50%, positioning itself at the forefront of the next generation of solar energy solutions.

GLO

Series E in 2016
glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who has published more than 500 papers related to this technology. glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications. glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications. glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized. glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.

GLO

Series D in 2014
glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who has published more than 500 papers related to this technology. glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications. glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications. glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized. glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.

GLO

Series C in 2010
glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who has published more than 500 papers related to this technology. glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications. glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications. glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized. glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.

Nanoradio

Venture Round in 2010
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

GLO

Series B in 2009
glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who has published more than 500 papers related to this technology. glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications. glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications. glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized. glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.

Nanoradio

Venture Round in 2009
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

Sol Voltaics

Series A in 2008
Sol Voltaics AB is a nanotechnology company based in Lund, Sweden, established in 2007. It specializes in enhancing the efficiency of solar energy capture and generation by utilizing innovative nanomaterials. The company's flagship product, SolFilm, is a solar panel additive composed of gallium arsenide nanowires that significantly boosts the performance of silicon solar modules. This lightweight photonic film not only converts high-energy sunlight into electricity but is also transparent to infrared light, allowing for further energy conversion by underlying CIGS or silicon cells in a stacked configuration. By integrating these technologies, Sol Voltaics aims to increase conventional photovoltaic module efficiencies by up to 50%, positioning itself at the forefront of the next generation of solar energy solutions.

Nanoradio

Series C in 2007
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

Mitrionics

Series B in 2007
Mitrionics AB provides field programmable gate array (FPGA) based processing solutions for accelerated computing. It offers Mitrion Software Development Platform, which comprises Mitrion Virtual Processor that runs software written in the Mitrion-C programming language in FPGAs; Mitrion Software Development Kit, which enables the development of Mitrion-C applications for the Mitrion Virtual Processor; Mitrion SDK PE that is used to develop and simulate applications for the Mitrion Virtual Processor without having access to FPGA hardware; and Mitrion SDK XL, which adds bundled synthesis, and place and route software from Xilinx to provide a tool flow for creating configuration bit files for the target FPGA. The company also provides Mitrion-Accelerated BLAST that accelerates the BLAST-n nucleotide search program of the NCBI BLAST application; and hybrid computing servers, in-socket FPGA accelerators, and hybrid computing plug-in processors. In addition, it offers various services, such as on-site and on-line training, pre-study, proof-of-concept, application development, porting to new hardware platforms, and technical and coding support services. The company’s products are used in various applications, which comprise bioinformatics, genomics, image processing, digital signal processing, Internet data processing, business process optimization, financial computing, and information retrieval. Mitrionics AB was founded in 2001 and is based in Lund, Sweden with additional an office in Los Gatos, California.

BONESUPPORT

Venture Round in 2006
BONESUPPORT AB is a medical technology company based in Lund, Sweden, specializing in the development of injectable bioceramic bone graft substitutes aimed at treating fractures and bone voids resulting from trauma, infection, disease, or surgery. Founded in 1999, the company offers a range of products, including CERAMENT BONE VOID FILLER, CERAMENT G, and CERAMENT V. These products are designed to address various medical conditions such as chronic osteomyelitis and infected diabetic foot ulcers. CERAMENT G and CERAMENT V are antibiotic-eluting bone graft substitutes that enhance bone healing, utilizing gentamicin and vancomycin, respectively. BONESUPPORT operates additional locations in Frankfurt, Zurich, London, Boston, and Haryana, India, and is committed to improving the quality of life for patients with bone disorders through innovative biomaterial solutions.

Nanoradio

Series B in 2006
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

GLO

Series A in 2006
glō is a venture-backed company focused on the development and commercialization of advanced LED display products using nanotechnology. The unique nanotechnology is based on 11 years of research at Lund University’s Nanometer Structure Consortium. Headed by Professor Lars Samuelson, one of the world’s leading scientists in this field, who has published more than 500 papers related to this technology. glō's first office is in Lund, Sweden, where basic material research continues for the next generation nanotechnology. glō's research and product development along with pilot fabrication operation is carried out at glō-USA in Sunnyvale, California. In 2016, glō established an Asia office in Taipei, Taiwan, one of the largest and fastest-growing regions for LED lighting and display applications. glō's technology sidesteps the technical limitations of current planar LED technology. It allows for the creation of highly efficient, stable and ultimately unique red, green, blue (RGB) emitters out of one material system. It aims to achieve the industry’s best color stability and ultimately enables the growth of red, green and blue emitters on the same wafer. Highly-efficient white LEDs with high color rendering will be possible without the need for phosphor conversion. It is the next enabling technology for advanced display, illumination and automotive applications. glō nanowire light-emitting diodes (nLEDs) are based on its proprietary hetero-structured semiconductor nanowire epitaxial growth and process technologies for which standard manufacturing equipment and materials can be utilized. glō currently holds over 175 patents across US, Europe and Asia. These patents are not subject to any cross-licensing with the LED oligopoly. The glō team is constantly strengthening its intellectual property position in this technology and related applications.

BONESUPPORT

Venture Round in 2006
BONESUPPORT AB is a medical technology company based in Lund, Sweden, specializing in the development of injectable bioceramic bone graft substitutes aimed at treating fractures and bone voids resulting from trauma, infection, disease, or surgery. Founded in 1999, the company offers a range of products, including CERAMENT BONE VOID FILLER, CERAMENT G, and CERAMENT V. These products are designed to address various medical conditions such as chronic osteomyelitis and infected diabetic foot ulcers. CERAMENT G and CERAMENT V are antibiotic-eluting bone graft substitutes that enhance bone healing, utilizing gentamicin and vancomycin, respectively. BONESUPPORT operates additional locations in Frankfurt, Zurich, London, Boston, and Haryana, India, and is committed to improving the quality of life for patients with bone disorders through innovative biomaterial solutions.

Nanoradio

Venture Round in 2005
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

Nanoradio

Series A in 2005
Nanoradio AB is a fabless semiconductor company based in Kista, Sweden. Founded in 2004, it specializes in providing wireless solutions for the cellular handset and consumer electronics markets. The company offers a range of products including multimedia solutions, single-chip systems in packages, wireless LAN products, and chipsets. Nanoradio also supplies software, such as diagnostic tools and software development kits, to facilitate the design of embedded applications. Its technologies are integrated into various devices including VoIP telephones, headsets, portable audio devices, handheld computing devices, digital cameras, and mobile gaming platforms, as well as convergence mobile phones and consumer electronics. In addition to its headquarters in Sweden, Nanoradio maintains sales offices in Korea, Japan, and the United States. It operates as a subsidiary of Wireless Experience AB.

The Qt Company

Series B in 2005
Qt Group Oyj is a software company headquartered in Espoo, Finland, that specializes in developing, productizing, and licensing software development tools under both commercial and open-source licenses. The company offers a robust framework of libraries and tools, known as Qt, which enables developers to create applications and user interfaces for desktop, embedded, and mobile platforms. Qt is widely utilized in various sectors, including consumer electronics, automotive, industrial automation, and healthcare, serving clients across over 70 industries globally. In addition to its development framework, Qt Group provides professional services such as consulting, training, and technical support, helping customers optimize their software solutions. With a presence in multiple countries, including Germany, the United States, Japan, and China, the company supports a large community of developers worldwide, enhancing the versatility and reach of its technology.

Mitrionics

Series A in 2005
Mitrionics AB provides field programmable gate array (FPGA) based processing solutions for accelerated computing. It offers Mitrion Software Development Platform, which comprises Mitrion Virtual Processor that runs software written in the Mitrion-C programming language in FPGAs; Mitrion Software Development Kit, which enables the development of Mitrion-C applications for the Mitrion Virtual Processor; Mitrion SDK PE that is used to develop and simulate applications for the Mitrion Virtual Processor without having access to FPGA hardware; and Mitrion SDK XL, which adds bundled synthesis, and place and route software from Xilinx to provide a tool flow for creating configuration bit files for the target FPGA. The company also provides Mitrion-Accelerated BLAST that accelerates the BLAST-n nucleotide search program of the NCBI BLAST application; and hybrid computing servers, in-socket FPGA accelerators, and hybrid computing plug-in processors. In addition, it offers various services, such as on-site and on-line training, pre-study, proof-of-concept, application development, porting to new hardware platforms, and technical and coding support services. The company’s products are used in various applications, which comprise bioinformatics, genomics, image processing, digital signal processing, Internet data processing, business process optimization, financial computing, and information retrieval. Mitrionics AB was founded in 2001 and is based in Lund, Sweden with additional an office in Los Gatos, California.

Funcom

Venture Round in 2004
Funcom is a video game development company based in Oslo, Norway, with additional offices in the United States, China, Switzerland, and Canada. The company specializes in creating and publishing massively multiplayer online games, including popular titles such as Age of Conan, Anarchy Online, and The Secret World. In addition to its online offerings, Funcom also develops offline games like The Park, Hide and Shriek, Dreamfall, and The Longest Journey. By providing a diverse range of gaming experiences across multiple platforms, Funcom aims to engage players with various genres and live gaming experiences.
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