Founded in Sweden in 2009, Almi Invest is an active early-stage venture capital firm focusing on scalable startups across Sustainability, Industry, Tech, and Life Science sectors. With €430 million under management and over 1,000 investments since inception, the company supports startups from pre-seed to Series A stages, co-investing with private investors. Almi Invest offers engaged ownership, strategic guidance, active board participation, and access to an extensive investor network.
Founded in 1979, Industrifonden is a Swedish venture capital firm focusing on early-stage investments in technology and life science companies with international potential. It invests in sectors such as internet and media, information technology, telecom, mobile, electronics, industrial growth, pharmaceuticals, medical technology, manufacturing, and established service companies. The firm typically invests between SEK 5 million to SEK 145 million per company, seeking ownership interests of between 15% and 50%. It actively co-invests with other regional venture capital firms and usually exits its investments within five to ten years.
Chalmers Ventures is a Swedish venture capital firm based in Gothenburg that supports technology-driven companies through coaching, financing and business development. The firm invests across seed, early, and growth stages in Sweden, with programs that include incubation, startup camps and accelerator activities as well as a technology transfer program. It focuses on companies connected to the Gothenburg region and Sweden operating in information technology, communications, new materials, green tech, health tech and biotechnology, and seeks innovative ventures with growth potential. The firm typically makes minority investments and uses a staged funding approach, providing capital through various program phases and through balance sheet investments. It partners with ventures that participate in its programs, helping them advance from explore to scalable stages and achieve commercial success.
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.
Founded in 2014, Sciety is a Stockholm-based investment company focused on supporting innovative life science and health tech companies in the Nordic region. It invests in biotechnology, pharmaceuticals, medical technology, and health tech sectors, with deal sizes ranging from 1 to 15 MEUR.
Sting Capital AB, established in 2005 and based in Kista, Sweden, is a venture capital firm and accelerator focused on nurturing early-stage startups. It offers two primary programs: Sting Incubate and Sting Accelerate. Through these, Sting Capital provides initial grants of SEK 0.3 million ($0.03 million), with the possibility of up to SEK 0.5 million ($0.05 million) for Incubate, in exchange for equity stakes of 5% (Incubate) or 2% (Accelerate). The firm supports around 15-20 companies per year through Incubate (12-month duration) and 8 companies per batch (4-month duration) through Accelerate, with a focus on AI/deeptech, internet/media, health, sustainability, and games sectors. Sting Capital also offers coaching, a business angel network, a recruitment service, and an international network to foster the growth and global competitiveness of Swedish technology companies.
EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.
Nordic Investment Bank is an international financial institution headquartered in Helsinki, Finland. It provides sustainable, long-term financing to public and private sector clients on market terms, offering loans and guarantees for energy, environment, transport, infrastructure, telecom, and related projects. Owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, the bank funds its lending through international capital markets. It serves governments, municipalities, large and mid-cap companies, financial institutions, and small and medium enterprises in member and non-member countries, and may support on-lending through financial intermediaries. Its projects emphasize competitiveness and sustainability in the Nordic-Baltic region.
Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.
EQT Ventures is a European venture capital firm founded in 2015, headquartered in Stockholm. With over €2 billion in total capital raised across its funds, EQT Ventures invests in early to later-stage technology companies across Europe and the United States. The firm supports founders with more than just capital, providing strategic advice and operational support throughout different stages of growth. EQT Ventures' team operates locally from six offices, taking a 'locals-with-locals' approach.
eEquity is a Stockholm-based private equity firm that concentrates its investments in the technology sector and related businesses across the Nordic region. It backs online-oriented models and other technology, digital, retail and software companies with the ambition to build market-leading businesses in close partnership with entrepreneurs. The firm emphasizes a collaborative portfolio approach, enabling entrepreneurs to benefit from a connected network and shared experience across companies. It looks for teams with scalable and differentiated business models addressing large markets and pursues opportunities opportunistically within its investment scope.
Founded in 2004, Layline Partners is a private equity firm based in Gothenburg, Sweden. The company invests in small and medium-sized enterprises (SMEs) across various sectors including media, medical technology, technology, business products, and services.
Founded in 2003, Creandum is a Stockholm-based early-stage venture capital firm focusing on innovative technology companies across Western Europe and North America. The firm supports founders by providing not only capital but also operational expertise and a robust network built over years in the industry.
EQT is a global private equity firm founded in 1994 that invests in mid-market companies through buyouts, expansion capital, growth equity, and infrastructure opportunities. It targets opportunities in Europe, North America, and Asia across sectors such as healthcare, life sciences, technology, industrials, consumer services, and real estate, seeking durable cash flows and meaningful intrinsic value. EQT pursues controlling or co-controlling stakes and collaborates with management to drive growth, improve operations, and expand internationally. The firm maintains a broad geographic footprint and an ownership orientation designed to build market-leading companies with sustainable competitive advantages. By combining sector expertise with disciplined capital allocation, EQT aims to create long-term value for its portfolio and stakeholders while adapting to evolving market dynamics.
Vinnova is Sweden's government agency dedicated to fostering innovation. Established in 2001, it aims to drive sustainable growth by funding innovative projects and research, investing in strong research environments, and facilitating collaborations between businesses, universities, public services, and other stakeholders. Annually, Vinnova invests around $350 million in these efforts.
Nordea Funds, a subsidiary of Nordea Bank AB (publ), is a Finnish investment management company that offers a broad spectrum of investment products. It manages equity, fixed income, and balanced mutual funds, as well as hedge funds, for its clients. Nordea Funds invests in public equity and fixed income markets, catering to both individual and institutional investors. The company is headquartered in Helsinki, Finland, and operates as part of Nordea Bank, Denmark's second-largest bank, which provides a comprehensive range of financial services, including banking, insurance, and investment products.
Spiltan Fonder is a Swedish investment management company based in Stockholm, specializing in venture capital and private equity. The firm provides multi-stage financing to businesses across various sectors in Sweden, investing amounts typically ranging from SEK 1 million to SEK 10 million, with a preference for SEK 2 million to SEK 4 million. Spiltan Fonder seeks to partner with companies that demonstrate viable investment opportunities and have committed management teams with proven track records. The firm allocates approximately 60% of its capital to private companies while the remaining 40% is directed towards publicly listed firms, primarily through affiliated entities. Spiltan Fonder also supports portfolio companies by leveraging its extensive network of industry professionals to facilitate growth and development. Investments in private companies are guided by the potential for a realistic exit within three to five years. In addition to fund management, Spiltan Fonder offers services such as fund trading, child savings plans, and risk advisory.
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.
Karolinska Development is a venture capital firm based in Solna, Sweden, that funds and develops medical innovations rooted in academic and clinical science with the goal of commercialization. It selects commercially attractive innovations, advances them to milestones, and monetizes through the sale of portfolio companies or out-licensing of products. The firm works with innovators, often academics, to form lean portfolio companies that begin with low fixed costs and outsource development; a Karolinska Development representative typically serves on the board. Projects are continuously monitored and discontinued if targets are not met, with typical milestone-driven funding over six to eighteen months. Exits are usually structured as upfront payments plus milestone payments and royalties from sales, with a preference for exiting at the Phase II stage to demonstrate efficacy and value. The firm concentrates investments in Northern Europe across healthcare, life sciences, oncology, digital health, and related sectors.
Bonnier Ventures is the venture capital arm of Bonnier, a long-standing media group. Based in Stockholm, it was founded in 2013 and makes minority equity investments across seed through growth stages in Europe. It targets digital technologies, digital health, software as a service and fintech, investing typically $1 million to $20 million in companies with enterprise values between $5 million and $300 million.
Swedbank is a Nordic-Baltic bank with deep roots in Swedish savings-bank history. It originated from the merger of savings and union banks in the early 1990s and operates in Sweden and the Baltic states, Estonia, Latvia and Lithuania. The bank holds a leading position in Baltic retail banking and offers a broad range of financial services, including retail banking and asset management.
Creades is a Swedish investment company established in 2011. It focuses on investing in small and medium-sized public and private companies, primarily in Sweden, with a typical investment range of SEK100 to SEK300 million. As an engaged owner, Creades seeks to provide a good risk-adjusted return for its shareholders by driving value creation.
Verdane is a specialist growth equity investment firm that partners with sustainable, tech-enabled Northern European businesses to help them reach the next stage of international growth. With over €3bn in total commitments and over 120 investments since 2003, Verdane invests behind three core themes: Digital Consumer, Software Everywhere, and Sustainable Society.
Founded in 1856, Skandinaviska Enskilda Banken is a leading financial institution offering a wide range of banking services. It provides corporate and investment banking to large clients, retail banking to individuals and small businesses, and life insurance solutions across the Nordic and Baltic regions. The company also offers asset management services through various funds and portfolio mandates.
Founded in Singapore in 2017, Antler is an early-stage venture capital firm that invests globally. It focuses on backing exceptional founders from day one, offering a global community network of co-founders, talent, advisors, expansion support, and capital across various sectors such as technology, healthcare, finance, consumer goods, and more.
J12 Ventures is a Stockholm-based venture capital firm that backs pre-seed and early-stage technology and software startups, with a focus on AI, data infrastructure, and enterprise applications. It targets the Nordic and Baltic regions, including Sweden, Finland, and the Baltics, and maintains offices in the United Kingdom and Finland. Typical equity investments range from €0.1 to €2 million. The firm backs founders building software infrastructure that makes data more accessible and AI applications for enterprises, consumers, and healthcare. Founded in 2019, J12 Ventures operates to support ambitious early-stage founders in the tech ecosystem.
Schibsted is a Scandinavian media group with approximately 7,000 employees across 30 countries. It operates as a family of digital brands, focusing on media, online marketplaces, and technology ventures.
Alfvén & Didrikson is a venture capital firm based in Stockholm, Sweden, established in 2010. The firm focuses on investing in fast-growing companies across various sectors, including healthcare, financial services, and information technology. It aims to support passionate entrepreneurs and teams with international growth ambitions. Since its inception, Alfvén & Didrikson has invested in a number of notable Northern European companies, such as Trustly, Quinyx, Glue, Acast, Offerta, Sympa, PE Accounting, and PingPong. The firm is committed to fostering innovation and helping its portfolio companies achieve their growth potential.
European Investment Bank is the EU's long-term lending institution owned by its member states. It finances public and private sector projects across transportation, energy, telecommunications, health, education, water, housing, and other sectors in the European Union and beyond. The bank provides a range of financing tools including project loans, guarantees, debt and equity investments, and risk-sharing arrangements, as well as microfinance and venture capital funds. It also offers advisory services, infrastructure funding, and support for urban development, PPPs, and sustainable energy projects. Through infrastructure and environmental funds and partnerships with banks and intermediaries, it supports SMEs, innovation, and the transition to a low-carbon economy.
Northzone is a venture capital firm founded in 1996 and based in London, with offices in New York, Oslo, and Stockholm. It invests in technology-enabled companies across healthcare, software, hardware, artificial intelligence, semiconductors, blockchain, and gaming, spanning early-stage and multi-stage opportunities. The firm emphasizes connections by helping portfolio companies access customers, partners, and talent on an international scale. Northzone has backed notable founders of Spotify, Avito, iZettle, Klarna, and Hopin, reflecting a history of building category-defining businesses. The firm maintains a Nordic and European footprint while operating globally, and has raised substantial capital, including over €1.5 billion in funds.
Founded in 1989, Nordic Capital is a private equity firm headquartered in Stockholm, Sweden. It specializes in buyouts and growth investments across various sectors, with a focus on financial services, technology & payments, healthcare, industrial goods & services, consumer & retail, life sciences, and business services. The firm primarily invests in medium to large-sized companies based in Europe, particularly the Nordic region, but also considers follow-on investments globally. Nordic Capital typically invests between $53 million and $3668.97 million, seeking majority holdings with an average investment duration of 4.6 years.
Established in 1996, VNV Global is an investment company specializing in identifying and investing in assets with significant potential for value growth. The firm focuses on online marketplaces and businesses exhibiting strong network effects across sectors such as marketplaces, mobility, and health and wellness.
R12 Kapital is a private equity and venture capital firm based in Stockholm, Sweden, founded in 2009. It targets investments in the internet of things, manufacturing, commercial products, TMT, and related industrial sectors, and provides strategic advice and development support to its portfolio companies.
Partnerinvest Norr is a private equity and venture capital firm based in Luleå, Sweden, founded in 2010. The firm focuses on investing in companies that are in their expansion phase across various sectors, including software, security, biometrics, cleantech, e-commerce, trade, tourism, industrial, media, transportation, information technology, communication, and life sciences. With a commitment to supporting growth-oriented businesses, Partnerinvest Norr aims to foster innovation and development within these industries.
Founded in 1844, Länsförsäkringar is a Swedish insurance company headquartered in Stockholm. It offers a wide array of banking, insurance, and real estate services to its clients.
Centripetal is a private equity firm based in Stockholm, Sweden, that acquires European companies and builds company groups through investments in European firms.
Wellstreet Partners is a venture capital firm established in 2016 and located in Sollentuna, Sweden. The firm focuses on investing in early-stage Nordic-based companies across various sectors, including direct-to-consumer, software as a service, business-to-business services, infrastructure technology, e-commerce, fintech, marketing technology, greentech, and proptech. Wellstreet is dedicated to fostering innovation and entrepreneurship by challenging the status quo and facilitating the transformation of small businesses into significant players in their respective fields. The firm has been instrumental in the success of numerous startups, emphasizing the development of a supportive ecosystem to enhance value propositions and disrupt traditional markets. Through its commitment to driving progress and embracing change, Wellstreet Partners aims to contribute to a better future filled with opportunities and advancements.
Danske Bank A/S, established in 1871 and headquartered in Copenhagen, Denmark, is a leading Nordic universal bank. It offers a comprehensive range of banking services to small and medium-sized businesses, corporates, institutions, and personal customers across Denmark, the Nordics, and selected other markets. The bank's services include daily banking, home financing, investments, retirement planning, strategic advisory, leasing, financing, and wealth management. Danske Bank also provides mobile banking services and operates in areas such as capital markets, fixed income and currencies, and transaction banking and investor services. It has a significant presence in the region, with over 5 million retail customers and a dominant market share in lending and deposits in Denmark. Danske Private Equity, a subsidiary of Danske Bank, is a specialist in small and mid-market buyout funds in Europe and North America, managing funds for premium institutional investors.
H&M Hennes & Mauritz AB, a Swedish multinational, operates as a family of six independent fashion brands: H&M, COS, Monki, Weekday, Cheap Monday, and & Other Stories. The company offers affordable, sustainable, and trendy clothing, shoes, accessories, and home decor for men, women, teenagers, and children. H&M's design teams create diverse collections, from party wear to basics and sportswear, catering to various styles, seasons, and occasions. The business model is centered around enabling customers to express their individuality through fashion and design, promoting a more circular lifestyle.
Founded in Stockholm, Sweden in 2014, NFT Ventures is a venture capital firm specializing in seed and early-stage investments. It focuses on the financial technology sector across Europe, with a particular emphasis on Northern European countries. The firm aims to take equity stakes of around 20-25% and supports entrepreneurs by providing funding, guidance, and increased visibility.
DNB Bank is a prominent Norwegian financial services group headquartered in Oslo, offering a comprehensive range of financial products and services to both retail and corporate customers. Established in 1822, DNB provides loans, savings accounts, advisory services, insurance, and pension products. The bank's personal banking offerings include various savings and investment options. For corporate clients, DNB delivers investment banking services that encompass financial and strategic advice related to capital raising, mergers and acquisitions, and restructurings. Its clientele spans multiple sectors, including energy, manufacturing, healthcare, shipping, and technology. DNB distributes its services through various channels, including mobile and online banking, bank offices, and in-store outlets, ensuring accessibility for its diverse customer base.
Founded in 2018, Brightly Ventures is a Stockholm-based venture capital firm specializing in early-stage investments. It focuses on the Nordic region and sectors such as HealthTech, FinTech, Marketplaces, DeepTech, and MediaTech. The firm invests between SEK 2 million to SEK 50 million, with enterprise values ranging up to SEK 150 million.
Inventure is a Helsinki, Finland-based venture capital firm established in 2005 that focuses on early-stage technology startups in the Nordics and Baltics. It backs seed and Series A rounds, with initial investments typically starting around €100,000 and potentially rising to €10 million over a company’s life cycle. The firm concentrates on software, technology, and next-generation digital services across deep tech and consumer internet sectors. Its portfolio includes several notable companies such as Wolt, Detectify, Blueprint Genetics, Swappie, and Insurello.
Norrsken Foundation is a Stockholm-based non-profit organization that tackles major social challenges by supporting programs, partnerships, and initiatives aimed at reducing poverty, addressing famine and environmental issues, and improving mental health.
Founded in 2010, EIT InnoEnergy is a leading European innovation engine focused on Sustainable Energy. It invests in early-stage climate tech and energy companies across Europe and the US, providing equity minority investments and added value services to de-risk projects.
Founded in 2003, Altor is a Stockholm-based private equity firm focused on investing in and developing medium-sized companies across Northern Europe. They aim to create enduring value by partnering with owners and managers to build world-class businesses.
Established in 1983, Priveq Investment is a Stockholm-based private equity firm that focuses on early-stage investments in companies primarily based in Sweden and the Nordic region. The firm aims to create favorable conditions for entrepreneurs and family businesses to develop their ventures.
Founded in 1936, Kinnevik is an investment company focused on building digital consumer businesses globally. It partners with talented founders to create and invest in fast-growing companies, aiming to deliver both shareholder value and positive social impact.
Founded in 2016 and headquartered in Stockholm, BackingMinds is a venture capital firm that invests in early-stage technology companies. It focuses on entrepreneurs outside traditional networks, offering more than just capital, with a commitment to team up with founders.
Northern Light Capital is a venture capital firm founded in 2016 and based in Umea, Sweden. It focuses on early and growth stage investments, with a preference for Swedish companies, and supports portfolio firms with expertise, networks, and committed capital to help them grow.