Almi Invest is Sweden’s leading early-stage venture capital firm, investing in scalable startups across sustainability, industry, technology, and life sciences. It supports companies from pre-seed to Series A and co-invests with independent private investors to accelerate innovation and long-term success. The firm emphasizes active ownership, providing strategic guidance, board participation, and access to a broad investor network to help startups scale responsibly. Almi Invest operates as part of the Almi Group and is funded by the European Regional Development Fund, Almi AB, and regional partners, reflecting its public-private model. While focused on Sweden, its portfolio spans diverse sectors, with a mission to drive economic growth and environmental progress by backing entrepreneurs who create tangible impact.

Industrifonden is a Sweden-based evergreen venture capital firm founded in 1979 that finances early-stage technology and life science companies with international growth potential. It operates primarily in Sweden and the Nordic region, taking minority stakes and providing growth capital through equity, loans, and guarantees while pursuing active portfolio support, including potential board representation. The firm focuses on sectors such as internet and information technology, hardware and software, telecom, Industry 4.0, B2B software, AI and other deep tech, cleantech, and pharmaceuticals or medical technology, as well as industrial growth companies. It maintains a long-term, hands-on approach and aims for exits in five to ten years via sale to an industry player or an initial public offering. Industrifonden is headquartered in Stockholm and has additional offices in Malmö, Linköping, and Gothenburg.

Chalmers Ventures is a Gothenburg, Sweden-based venture capital firm that supports startups through incubation, seed and early-stage investments, and growth financing. It operates programs such as an incubator, startup camp, accelerator, and technology transfer initiative, and emphasizes a connection to the Gothenburg region and Sweden. The firm focuses on information and communications technology, new materials, environmental engineering, medical technology, and biotechnology, and it conducts balance sheet investments, typically taking minority stakes in participating companies.

GP Bullhound is a London- and globally oriented technology advisory and investment firm founded in 1999. It provides independent strategic and financial advice to technology companies, including mergers and acquisitions, private placements, IPOs, and capital-raising activities. The firm combines technology insight with access to a global network of buyers and capital across Europe, the United States, and Asia, helping entrepreneurs and growth companies navigate complex transactions. In addition to advisory work, GP Bullhound maintains an investment arm that backs technology-focused opportunities across seed to late-stage rounds, with a track record of working with category-leading clients. With offices across Europe, the United States, and Asia, the firm serves sectors including software, fintech, media, and other technology-enabled services, aiming to help teams build scalable, billion-dollar businesses.

Luminar Ventures is a Stockholm-based venture capital firm founded in 2017 that focuses on early-stage technology companies in the Nordics. The firm seeks scalable digital seed-stage opportunities and provides active support to portfolio companies, including strategic, growth, team and organizational development, and operational assistance, to help founders scale and pursue expansion.

Sting enables talented people to turn their ideas into sustainable businesses. It provides qualified coaching in business development, a business angel network, a venture capital fund, recruitment services, and an international network of investors, business contacts and experts. Through these supports, Sting helps Sweden’s future technology companies grow and compete internationally, aiming to generate export revenues for Stockholm while advancing the Swedish tech ecosystem.

Karolinska Development is a Sweden-based private equity and venture capital firm focused on early-stage and growth investments in life sciences, healthcare and technology across Europe, with a Nordic emphasis. It seeks to fund pharmaceutical research and development, medical and biotech innovations, healthcare technology, gene research, drug delivery, and life science tools and services. The firm often acts as lead investor, sometimes co-investing, and aims to invest in a limited number of projects annually. Its model emphasizes selecting commercially attractive innovations, developing them to value-creating milestones, and exiting through sales or out-licensing of portfolio companies or products. Founded in 2003, Karolinska Development operates from Sweden.

SEB Venture Capital is the strategic corporate venture arm of SEB, focused on fintech investments. It supports entrepreneurs and innovators in launching and growing fintech businesses and pursues partnerships with SEB to advance fintech solutions. The firm seeks groundbreaking technologies that improve the efficiency, safety, and user-friendliness of financial services and aims to foster long-term value creation within the SEB ecosystem and the broader financial industry.

Kinnevik is an industry-focused investment company based in Sweden that builds digital consumer businesses by partnering with talented founders and management teams to create, invest in, and lead fast-growing companies in developed and emerging markets. The group seeks to deliver shareholder value while contributing positively to society through well-governed ventures and responsible governance. Founded in 1936 by the Stenbeck, Klingspor and von Horn families, Kinnevik concentrates on digital consumer platforms and related technologies across global markets.

Antler is a global venture capital firm based in Singapore that backs early-stage technology companies. It runs incubation programs and provides a global community of co-founders, access to talent, expert advisors, expansion support, and capital to help startups grow. The firm targets a broad range of sectors, including healthcare, finance, software, energy, consumer and B2B technologies, and operates through regional programs across Europe, the United States, the United Kingdom, Southeast Asia, India, Africa, and beyond.

Northzone is a venture capital firm founded in 1996 and headquartered in London, with offices in New York, Oslo and Stockholm. The firm backs technology-focused companies across stages, prioritizing software, hardware, and AI-enabled businesses, along with sectors such as healthcare, semiconductors, blockchain, gaming, fintech, and marketplaces. Northzone seeks to help founders scale internationally by connecting portfolio companies with customers, partners and talent through its global network. The firm has built a track record of partnering with category-defining founders and has a Nordic to European footprint complemented by a U.S. presence to support cross-border growth. Northzone emphasizes technology-driven models with potential for rapid expansion and tends to invest in companies at early to growth stages, leveraging its multi-region reach to support portfolio companies in scaling globally.

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.

Creades is a Stockholm-based investment firm focusing on private equity and venture capital investments in small and medium-sized Swedish and Nordic companies, both public and private. Founded in 2011 and spun off from Investment AB Öresund, the firm pursues value creation through active ownership, including board seats on portfolio companies, and uses personal and balance sheet capital to fund opportunities. It targets opportunities across industries in the Swedish and Nordic markets and aims for risk-adjusted returns for its shareholders.

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.

Inventure is a Helsinki-based venture capital firm focused on early-stage technology, software and digital services companies in the Nordics and Baltics. Founded in 2005, it funds seed and Series A rounds, with typical investments ranging from €100,000 up to €10 million over a company’s life cycle, and supports portfolio companies with talent and expansion. The firm operates several funds, including Fund I (2008 vintage), Fund II (2014) and Fund III (2017), all targeting software and tech-driven startups in the Nordic and Baltic regions. Inventure reports €230 million in assets under management and maintains offices in Helsinki and Stockholm to cover its regional focus.

Alfvén & Didrikson is a venture capital firm based in Stockholm, Sweden, founded in 2010. It acts as an active, long-term investor in growth-oriented companies with international expansion ambitions, primarily in Northern Europe. The firm focuses on healthcare, financial services, and information technology, supporting entrepreneurs through multiple growth stages. Its portfolio includes Trustly, Quinyx, Glue, Acast, Offerta, Sympa, PE Accounting, and PingPong, reflecting a track record of backing scalable technology-enabled businesses across the region.

Wellstreet is a Swedish venture capital firm founded in 2016 and based in Sollentuna, near Stockholm. It invests in Nordic early-stage companies across d2c, SaaS, B2B services, infrastructure technology, technology, e-commerce, fintech, martech, greentech and proptech, aiming to accelerate growth and disrupt verticals. The firm has built an ecosystem to support its portfolio and seeks to turn ideas into startups and startups into larger players. Notable portfolio includes Tibber, DanAds, Regily and Scrive. By combining capital with hands-on support and a network of partners, Wellstreet pursues long-term value creation for founders and investors.

Bonnier is a Nordic-based global media group active in television, daily newspapers, business and trade press, magazines, film, books, radio and digital media. It operates in 16 countries and employs more than 9,000 people, with a base in the Nordic region and a substantial presence in the United States, Germany, the United Kingdom and Eastern Europe. Founded in 1804, Bonnier has a long history of publishing and entrepreneurship, balancing a commitment to freedom of speech with a strong business focus. The Bonnier family has owned and steered the company for seven generations.

Sciety is a Stockholm-based venture capital firm that concentrates on seed and early-stage investments in life sciences companies in the Nordic region. It backs innovation across biotechnology, pharmaceuticals, medical technology, diagnostics, information and communication technology in healthcare, and health tech. The firm collaborates with a network that includes family offices, private investors, and other venture capital firms to support the growth of early-stage companies and bring breakthroughs in healthcare to patients worldwide. Through its early-stage focus and regional footprint, Sciety aims to enable entrepreneurs to develop therapies, devices, and digital health solutions, helping them scale from concept to commercial viability. The organization participates in the Nordic life sciences ecosystem by providing strategic value and capital to companies positioned for significant scientific and clinical milestones.

European Investment Fund (EIF) is a public institution established in 1994 to improve access to finance for Europe's small and medium-sized businesses. It designs and develops venture capital and guarantee instruments to support SMEs and to catalyse private investment, aiming to build a robust European equity ecosystem. EIF engages in venture capital, growth capital, and guarantee operations, backing innovative entrepreneurs primarily in technology and life sciences, as well as across other sectors. Through cornerstone investments and fund participation, EIF seeks to crowd in private investors and stimulate venture activity across Europe. Its equity portfolio has grown substantially, with assets under management exceeding EUR 14 billion, reflecting its broad role in strengthening SME finance and supporting entrepreneurship and growth.

J12 Ventures is a venture capital firm focusing on pre-seed and early-stage technology and software companies in the Nordics and Baltics. Based in Stockholm, Sweden, the firm backs founders developing AI-enabled data infrastructure and AI applications for enterprises, consumers, and healthcare, and prefers investments in technology and software sectors. Founded in 2019, the firm typically supports early-stage rounds and seeks founders with ingenuity and stamina.

Creandum is a European early-stage venture capital firm headquartered in Stockholm with offices in London, Berlin, and San Francisco. It backs technology and consumer businesses across Europe and North America, providing capital as well as strategic and operational support to help portfolio companies scale from seed to exit. The firm leverages a broad network and hands-on involvement to help founders recruit, grow, and navigate international markets. Notable portfolio companies include Spotify, Klarna, Depop, Trade Republic, Pleo, and Neo4j.

Brightly Ventures is a venture capital firm based in Stockholm, Sweden, focused on seed and early‑stage technology companies in the Nordic region. Founded in 2018, it backs startups across sectors including HealthTech, FinTech, Marketplaces, DeepTech and MediaTech, investing equity in Nordic companies across Sweden, Norway, Denmark, Finland and Iceland. The firm emphasizes a hands‑on approach, leveraging its network and operational experience to help portfolio companies grow.

SEED Capital Denmark is a Copenhagen-based venture capital firm focused on seed- and early-stage technology investments in Denmark and the Nordic region. Founded in 2004, it backs technology-driven companies across software, information technology, and TMT sectors and supports Danish startups with global ambitions. The firm has managed multiple funds including SEED Capital Denmark II, III and IV, and makes investments across Denmark and other Nordic markets such as Finland, Iceland, Norway and Sweden depending on the fund. Typical ticket sizes vary by fund, with documented ranges from about 5 million to 75 million Danish kroner, and late-seed rounds sometimes reported in the low single-digit millions of euros. Through its funds, SEED Capital Denmark aims to build early-stage portfolios of Danish tech companies and guide them toward international growth.

Aggregate is a Stockholm-based venture capital firm that concentrates on media and related digital sectors in Sweden, Finland and Norway. Established in 2002, the firm has completed over 250 transactions across e-commerce, digital services, product and B2B companies, and provides media-centric financing such as expansion capital and media-for-equity to help portfolio companies grow and expand their market reach.

Balderton Capital is a London-based venture capital firm that focuses on early-stage investments in European technology companies, including information technology, fintech, consumer products, healthcare tech, and related sectors. It supports founders throughout the journey, offering strategic advice, introductions to professional service providers, and opportunities to participate in workshops and a founder community. Balderton primarily targets Series A opportunities and backs companies from seed through growth phases, aiming to help them scale in Europe with a strong network and hands-on support.

Hadean Ventures is an Oslo-based life science investment firm that backs European life science and healthcare companies, with a focus on the Nordic region. The firm targets opportunities across pharmaceuticals, biotechnology, medical devices and other health sectors, across all stages, seeking products with potential to address unmet medical needs. It operates across Europe and maintains offices in Oslo and Stockholm. The company collaborates with leading academic institutions and startup hubs to support portfolio companies through research, development and commercialization. Founded in 2014.

Founded in 2024, Amplio focuses on investing in business services and IT & technology services. It employs a buy-and-build strategy to drive long-term growth in markets driven by sustainable solutions, digital efficiency, and smart urbanization.

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.

VNV Global is a Stockholm, Sweden–based investment company focusing on growth capital, venture investments, and select buyouts in unlisted online marketplaces, as well as consumer-focused and business-to-business companies. It targets ventures with strong network effects and potential for value creation, investing across incubation, seed and startup phases through late-stage venture and growth opportunities. The firm seeks significant minority or majority stakes and actively manages its portfolio through board representation, pursuing global opportunities (excluding China).

Zenith Group is a Stockholm, Sweden-based venture capital firm focused on early-stage technology companies in the Nordic region. Founded in 2015 as Zenith Venture Capital, the firm partners with entrepreneurs, taking an active minority stake and providing strategic insight, hands-on support, and value creation. Zenith emphasizes a diverse portfolio and leverages an extensive network to source opportunities, aiming to help scalable startups grow quickly and profitably through experienced guidance and collaboration.

NordicNinja VC is a London-based venture capital firm, founded in 2019, that backs early-stage technology startups in the Nordic and Baltic regions, with emphasis on robotics, automation, health tech, artificial intelligence, and mobility. The firm targets sectors including information technology, AI/ML, Internet of Things, virtual reality, cybersecurity, digital health, robotics and drones, and other deep-tech areas, supporting founders to scale across Northern Europe.

Rite Ventures is a Stockholm-based growth equity and venture capital firm that invests in Nordic technology-enabled businesses, focusing on information technology services, software as a service, IT infrastructure, digital brands, and e-commerce. It acts as an active investor aiming to accelerate growth and position early- to mid-stage companies for expansion to the mid-market. The firm invests across seed through late venture and growth stages, making both majority and minority investments, and it deploys equity and debt financing through its own balance sheet and personal capital. Typical ticket sizes range from approximately €1 million to €20 million, with common investments of €2–5 million, and typically holds 3–6 years. Exits are pursued via an IPO or a trade sale to a private equity firm or industrial buyer. While primarily focused on Sweden and Finland, Rite Ventures engages with companies across the Nordic region.

Inlandsinnovation is a state-owned venture capital firm based in Östersund, Sweden, founded in 2010, investing in growth-stage companies across industries in northern Sweden to support regional economic development.

Incore Invest, established in 2022 and headquartered in Stockholm, Sweden, is an investment firm specializing in growth-stage companies within the internet and technology sectors. The firm focuses on actively supporting and expanding innovative businesses by collaborating with founders, management teams, and existing owners. Its portfolio includes Brite Payments, a European payment platform leveraging open banking technology; Mynt, a Swedish fintech company streamlining expense management with smart company cards; and SAVR, a marketplace for long-term savings committed to transparency and improved user experiences.

Subvenio Invest is a venture capital firm founded in 2018 and based in Stockholm, Sweden. The company focuses on investing in early-stage firms, specifically targeting the business-to-business, technology, and healthcare sectors. Through its investments, Subvenio Invest aims to support the growth and development of innovative companies that show potential for significant impact and success in their respective industries.

Sparbanksstiftelsen Skånes Riskkapitalstiftelse is a venture capital investment firm based in Malmö, Sweden. The firm seeks to invest in companies operating in B2B, manufacturing, biotech and pharmaceutical sectors.

Wave Ventures is a venture capital firm founded in 2016 and headquartered in Helsinki, Finland, with an additional office in Sweden. It operates as a student-run organization and is noted as the largest student-run venture capital firm in Europe. The firm focuses on pre-seed investments across the Nordic and Baltic regions, backing Gen Z entrepreneurs at the earliest stages. Its investors and supporters include unicorn founders from the Nordic ecosystem. The team comprises five members drawn from top regional universities, enabling it to pair early-stage founders with hands-on insight. Wave Ventures targets opportunities across Denmark, Finland, Iceland, Norway, Sweden, Estonia, Latvia, and Lithuania.

Peak is an early-stage venture capital firm backed by entrepreneurs, headquartered in Amsterdam, with additional offices in Berlin and Stockholm. It backs founders across Europe, especially in BeNeLux, DACH, and Nordics, focusing on marketplace, platform, and SaaS models for both B2B and B2C companies across Seed to beyond Series A. The firm operates with a EUR 66 million fund that is fully financed and led by experienced entrepreneurs.

Spintop Ventures is a Stockholm-based venture capital firm founded in 2009–2010 that backs seed and early-stage software and technology companies in the Nordic region. It operates with a network of accomplished tech entrepreneurs and seasoned investors who provide capital and strategic guidance to help startups grow. The firm has made numerous early-stage investments across Nordic technology companies and has achieved several exits, reflecting experience in building and scaling technology ventures in the region.

Ackra Invest is a venture capital and private equity firm based in Skellefteå, Sweden, founded in 2005. It focuses on late-stage and growth capital along with turnaround investments in small and middle-sized companies located in Norrland, particularly Västerbotten and Norrbotten. The firm does not provide loans or invest in seed or early-stage ventures and takes minority stakes between 10 and 49 percent. Typical investments range from SEK 1 million to SEK 8 million, and investments are made in equity or convertible loans, with potential for co-investments. Exit horizons are targeted within about seven years. By deploying its own capital, Ackra Invest supports companies toward growth and restructuring in the northern Swedish market.

Northern Light Capital is a venture capital firm based in Umea, Sweden, focusing on early and growth-stage investments. It supports portfolio companies with capital, expertise, contacts, and long-term commitment, and tends to prioritize investments in Swedish companies.

Established in 2013 and headquartered in Stockholm, Sweden, Flat Capital is a venture capital firm that focuses on investing in passionate individuals with potential and dedication within the technology sector.

Otiva is a venture capital firm founded in 2017 and based in Stockholm, Sweden, that makes equity investments across Series A to late growth rounds, including private and public companies, and emphasizes an agile, long-term approach with no fixed holding period.

Butterfly Ventures is a venture capital firm based in Oulu, Finland, that invests in early-stage technology startups across the Nordic and Baltic regions. It focuses on deep tech and hardware, including software for hardware interfacing, as well as IoT, artificial intelligence, and virtual and augmented reality applications. The firm typically engages with companies at the seed stage before revenue and maintains offices in Oulu, Helsinki and Stockholm to support portfolio companies across the Nordics and Baltics.

Pale Blue Dot is a Malmö, Sweden-based venture capital firm founded in 2020 that funds early-stage startups in Europe and the United States. It concentrates on B2B, information technology, and climate technology, and pursues impact investments aimed at sustainable solutions across energy, transportation, agriculture, and related sectors. The firm supports companies seeking scalable, innovative technologies and seeks to generate positive climate and societal impact while leveraging cross-border opportunities between Europe and North America.

Maki.vc is a venture capital firm founded in 2018 and based in Helsinki, Finland, with Nordic roots and a global investment approach. It backs early-stage companies across deep tech, artificial intelligence and machine learning, healthcare technology systems, consumer products, and commercial services, investing across Finland, Sweden, Norway, Germany, France, the United Kingdom, and the United States. The firm emphasizes strong intellectual property, scientific advances, and deep customer understanding as it supports companies from inception through Series A and beyond.

PropTech Farm is a venture capital firm and growth engine based in Gothenburg, Sweden, established in 2021. It invests in proptech and related areas such as real estate technology, smart buildings and property management, clean technology, smart cities, and finance, targeting opportunities across the Nordics and Southeast Asia. The firm acts as a growth partner, funding and accelerating startups to enter new markets beyond their home regions, bridging Nordic and Southeast Asian ecosystems and helping portfolio companies scale internationally.

CNI is a Stockholm-based venture capital firm founded in 2011. It invests in financial services, software, and consumer durables and supports the growth of its portfolio companies through strategic guidance, resources, and networks to help them scale and create long-term value.

Fairpoint Capital is a Stockholm-based venture capital firm focused on backing B2B technology companies. Originating from the technology team of SEB Venture Capital, the firm operates independently with SEB remaining its main investor. Drawing on more than two decades of technology venture capital experience, it has supported well over 50 technology companies and has seen notable exits. The firm targets areas including artificial intelligence, the Internet of Things, cloud computing, simulations, robotics, big data, computer vision, extended reality, autonomous systems, security, additive manufacturing, system integration, and materials.