Skandinaviska Enskilda Banken

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.

Markus Hokfelt

Investment Director

Fredrik Ljungblad

Investment Manager at SEB Venture Capital

Christoffer Malmer

CFO, Finance

Stefan Olofsson

Business Process Owner

Johan Wolf

Head of Venture Capital

42 past transactions

Helen

Debt Financing in 2024
Helen sell electricity to about 450,000 customers and heat more than 90 percent of Helsinki's properties with district heating.

Skarta Energy

Debt Financing in 2024
Skarta Energy is a Finnish developer and producer of renewable energy, focusing on industrial-scale solar power projects. The company aims to combat climate change by harnessing emission-free energy sources. Skarta Energy is involved in creating preconditions for utilizing decommissioned mining areas for solar power production. The company is committed to advancing renewable energy solutions and contributing to a sustainable future.

Swedish Logistic Property

Post in 2024
Swedish Logistic Property specializes in developing and managing logistics properties across Sweden. Its portfolio comprises strategically located, energy-efficient facilities tailored to meet diverse business needs. The company focuses on acquiring and developing new properties while prioritizing sustainability in construction practices and facility operations.

Boye Advisory

Acquisition in 2024
Boye Advisory is a Swedish firm specializing in family office services, catering primarily to business families and individuals. They offer a range of financial advisory services and administrative support, aiming to simplify complex economic landscapes for their clients.

Navigator Gas

Post in 2024
Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers, specializing in the transportation and distribution of liquefied petroleum gas (LPG), petrochemical gases, and ammonia. The company provides international seaborne transportation and regional distribution services to energy companies, industrial users, and commodity traders. By transporting gases in liquefied form under controlled temperatures and pressures, Navigator Gas significantly reduces their volume, enhancing transportation efficiency. The versatility of its modern fleet, which includes ethylene, semi-refrigerated, and fully-refrigerated vessels, enables the company to offer a comprehensive and competitive range of ocean transportation and coastal distribution solutions. Navigator Gas's operational excellence and the broad capabilities of its fleet position it as a preferred partner for companies in need of handysize liquefied gas transportation solutions. Additionally, the company has a stake in an ethylene export marine terminal in Texas, further supporting its service offerings in the liquefied gas sector.

HansaMatrix

Debt Financing in 2024
HansaMatrix operates as an original design manufacturer (ODM), specializing in the production of electronic systems and components for various sectors including transportation, telecommunications, energy management, the Internet of Things (IoT), medicine, and defense technology. The company focuses on developing customized products and solutions, collaborating closely with clients to meet specific design objectives. HansaMatrix offers a range of manufacturing services, such as prototyping, printed circuit board assembly, and precise mechanical part manufacturing, ensuring that its products adhere to international quality standards. By prioritizing the creation of high-value-added electronics, HansaMatrix aims to achieve premium pricing for its successful product designs.

Humble Group

Post in 2024
Humble Group is a Swedish foodtech and fast-moving consumer goods (FMCG) company focused on capitalizing on emerging trends in sustainability, health, and veganism. The organization aims to enhance product and brand potential through various business units, including brands, distribution, manufacturing, and ingredients, as well as research and development. Humble Group is dedicated to driving organic growth and pursuing acquisitions within the foodtech sector. Its innovative technical solutions enable the creation of new formulations and recipes that improve the taste and consistency of sustainable, sugar-reduced, and vegan products, positioning the company as a key player in the future of consumer goods.

Swedish Logistic Property

Post in 2023
Swedish Logistic Property specializes in developing and managing logistics properties across Sweden. Its portfolio comprises strategically located, energy-efficient facilities tailored to meet diverse business needs. The company focuses on acquiring and developing new properties while prioritizing sustainability in construction practices and facility operations.

Hexatronic

Post in 2023
Hexatronic is a technology group specializing in fiber communications. It operates several companies involved in optical communications technology development and provision, offering products such as fiber optic cables, accessories, dynamic cables for harsh environments, and connectivity solutions.

Metrofibre

Debt Financing in 2023
Metrofibre is a German company specializing in the development, construction, and operation of open fiber-optic networks for cities and communities. It designs its networks on a point-to-point basis, ensuring direct connectivity for each household and user. The company's projects are funded through private infrastructure investors, often in the form of public-private partnerships. Metrofibre supports clients throughout the entire process, from initial concept development to final implementation and operation, with the goal of bringing advanced digital infrastructure to urban areas.

Delska (DEAC, Data Logistics Center)

Debt Financing in 2023
Delska is a joint brand launched in June 2024 by Latvia’s data center operator DEAC and Lithuania’s Data Logistics Center (DLC). Since 2020, Swiss Quaero European Infrastructure Fund II has owned both companies. Delska is a carrier-neutral data center and network operator in Northern Europe with 25 years of experience. The heart of the brand is customers and a personal approach to them. Our vision is to provide the most personal technology behind the business and empower companies to succeed. Delska's values are openness, flexibility, and reliability. With Delska-owned data centers in Northern Europe and points of presence in major European cities, we provide our customers with innovative IT and network solutions, extensive network infrastructure, and individual solutions. Our focus is on security, quality, and sustainability through 100% green energy. Unique business needs require custom solutions, and our strength lies in delivering tailored solutions to meet specific industry demands. So, we offer a comprehensive range of IT services: • Cloud, • Dedicated servers, • Colocation, Rack & Space Rental, • Data Security services, • Network solutions, • Managed services.

AirPlus International

Acquisition in 2023
AirPlus International is a provider of corporate payment solutions designed to manage business travel expenses for organizations. With a customer base of 53,000 corporate clients, the company specializes in various financial services, including central bill accounts, corporate cards, virtual cards, and the reconciliation of travel invoices. AirPlus International helps businesses optimize their payment processes and meet regulatory documentation requirements, thereby enhancing the overall efficiency of travel management. The company serves multiple industries, including retail and healthcare, ensuring that clients can streamline every stage of their travel management processes.

Peab

Post in 2023
Peab is a Swedish construction company specializing in total quality management throughout the construction process. Its primary focus lies in building offices, housing, transportation infrastructure, commercial properties, and related projects across four business areas: Construction, Civil Engineering, Industry, and Project Development.

WHSmith

Post in 2023
WHSmith is a British retailer operating travel stores in airports, railway stations, hospitals, and workplaces worldwide, offering news, books, convenience products, and tech accessories. Its High Street business sells stationery, books, newspapers, magazines, and confectionery. Founded in 1972, WHSmith is headquartered in Swindon, Wiltshire.

Vicore Pharma

Post in 2023
Vicore Pharma is a clinical-stage pharmaceutical company focused on severe lung diseases. It develops medicines that act through the angiotensin II type 2 receptor, with its lead candidate C21 currently in phase 2b development for idiopathic pulmonary fibrosis and holding orphan drug designation in the European Union and the United States. The company is exploring additional rare diseases in which the AT2 receptor plays a key role. It is based in Mölndal, Sweden, in AstraZeneca’s Bioventurehub, and, in addition to its drug program, is pursuing a digital therapeutic approach with Almee, an investigational medical device designed to address the psychological impact of living with pulmonary fibrosis.

X Shore

Corporate Round in 2023
X Shore is a manufacturer of motorboats that specializes in producing fully electric yacht tenders. The company's offerings are designed as high-end electric vessels that operate without the use of fossil fuels, ensuring a quiet and environmentally friendly experience on the water. By minimizing noise and disruption to marine life, X Shore's products allow customers to engage in maritime activities while prioritizing ecological sustainability. With a focus on creating a harmonious relationship between boating and nature, X Shore positions itself as a leader in the electric marine craft sector.

Hedvig

Private Equity Round in 2023
Hedvig AB is an innovative insurance provider based in Stockholm, Sweden, founded in 2016. The company offers a range of insurance products including home, contents, travel, and accident insurance, as well as coverage for personal belongings such as bicycles and mobile phones. Launched in 2018, Hedvig has expanded its services to all Scandinavian countries and operates as an EU-licensed carrier. The company distinguishes itself through a focus on customer service and efficient claims handling, aiming to create a user-friendly experience that resonates with clients.

Ingrid

Seed Round in 2023
Ingrid improves e-commerce delivery by empowering shoppers to personalize their delivery and returns, enhancing overall customer experience and efficiency for retailers and carriers.

Exeger

Series B in 2022
Exeger Sweden AB is a technology company that specializes in the development and commercialization of innovative light energy harvesting solutions. The company focuses on creating dye-sensitized solar cells that convert various forms of light, including both natural and artificial light, into electrical energy. This technology enables the integration of self-power capabilities into everyday devices, enhancing their functionality and sustainability. Exeger's solar cells can be printed in various colors and free-form designs, making them suitable for a wide range of applications in consumer electronics, wearables, and other products. By providing efficient energy solutions that operate even in indoor lighting conditions, Exeger aims to transform how energy is perceived and utilized in everyday life.

CityFibre

Debt Financing in 2022
CityFibre is an independent provider of fiber optic infrastructure in secondary cities. It develops digital infrastructure that enables wholesale customers to offer broadband, Ethernet, and 5G services to residential clients, businesses, and other sites such as schools and hospitals.

Thought Machine

Series D in 2022
Thought Machine develops cloud-native technology to revolutionize core banking, aiming to address the industry's reliance on outdated IT infrastructure. Its flagship product, Vault, is a configurable retail banking platform built from scratch as a microservice API architecture.

NCC

Post in 2022
NCC is a leading construction company specializing in the development of commercial buildings, infrastructure projects, and related services. The company operates through five business areas: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. Each segment focuses on specific aspects of the construction and development process, allowing NCC to deliver comprehensive solutions across various project types. With a commitment to quality and innovation, NCC has established itself as a prominent player in the construction industry.

Thought Machine

Series C in 2021
Thought Machine develops cloud-native technology to revolutionize core banking, aiming to address the industry's reliance on outdated IT infrastructure. Its flagship product, Vault, is a configurable retail banking platform built from scratch as a microservice API architecture.

Northvolt AB

Debt Financing in 2020
Northvolt AB is a Swedish manufacturer of sustainable lithium‑ion batteries for electric vehicles, renewable energy storage, and industrial applications. Founded in 2016 and headquartered in Stockholm, the company designs and produces cells, custom cells, and complete battery systems with a focus on minimal carbon emissions and integrated recycling. Its production facilities combine research, industrialization, and end‑to‑end recycling technologies to deliver environmentally friendly batteries that support the transition to a decarbonized economy.

Thought Machine

Series B in 2020
Thought Machine develops cloud-native technology to revolutionize core banking, aiming to address the industry's reliance on outdated IT infrastructure. Its flagship product, Vault, is a configurable retail banking platform built from scratch as a microservice API architecture.

Reliefed Technologies

Venture Round in 2020
Reliefed Technologies AB, based in Varberg, Sweden, specializes in producing 3D printing components for various manufacturing sectors, including transportation, building materials, consumer products, and energy applications. The company has developed a globally patented 3D-production method called z.trusion®, which allows for the integration of 3D mass production into existing 2D production lines. This innovative technology significantly reduces energy consumption and costs, particularly in the new energy sector, where it can achieve up to 97% less energy usage and ten times higher production speeds. Reliefed Technologies focuses on advanced applications such as bipolar flow plates for fuel cells and electrolyzers, electrodes for lithium-ion batteries, and other energy-efficient solutions. The company is actively involved in industrialization projects with major multinational OEMs and Tier 1 suppliers, holding 44 patents across multiple countries. Through its technology, Reliefed aims to improve product performance and facilitate recycling, while also contributing to substantial savings in material and production costs.

BONESUPPORT

Post in 2020
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.

Cardlay

Series B in 2019
Cardlay streamlines global payment card issuance, management, and expense tracking via a single platform. It enables real-time transactions, virtual account functionality, and automated VAT reclaim, benefiting businesses by enhancing efficiency and providing immediate economic benefits.

Epidemic Sound

Venture Round in 2019
Epidemic Sound AB is a Swedish music company founded in 2009, specializing in providing royalty-free music for individuals and businesses globally. The company boasts a diverse catalog of over 30,000 tracks spanning more than 180 genres, including acoustic, classical, and electronic, among others. Epidemic Sound caters to a wide range of customers, including video creators, broadcasters, and production companies, by offering subscription services for unlimited music use or the option to license individual tracks outright. All music provided comes with comprehensive rights clearance for use across all platforms and countries without the need for reporting, ensuring a straightforward licensing process. Headquartered in Stockholm, with additional offices in major cities worldwide, Epidemic Sound aims to empower storytellers by providing high-quality soundtracks that enhance visual content.

Kleer

Venture Round in 2019
Kleer develops financial management software providing full control over a company's finances. Its proprietary system automates traditional accounting processes, offering clients the reliability of outsourced services with the control of in-house management.

Tink

Series D in 2019
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.

Qapital

Series B in 2018
Qapital, Inc. is a personal finance company that offers a mobile application designed to help users manage their money and achieve their financial goals through customizable savings rules. Founded in 2013 and headquartered in New York, Qapital enables users to create accounts that facilitate automatic transfers from their checking accounts to their savings. The application provides tools that allow users to save money based on everyday actions, such as transportation or leisure activities. Additionally, Qapital offers an FDIC-insured checking account and a Visa debit card that enables users to manage their spending more effectively. By integrating behavioral psychology with technology, Qapital aims to simplify money management and encourage intentional spending while promoting savings habits. The company's approach also includes features that help users track their spending and set financial targets, making it easier to align everyday behaviors with long-term financial objectives.

Qapital

Series B in 2018
Qapital, Inc. is a personal finance company that offers a mobile application designed to help users manage their money and achieve their financial goals through customizable savings rules. Founded in 2013 and headquartered in New York, Qapital enables users to create accounts that facilitate automatic transfers from their checking accounts to their savings. The application provides tools that allow users to save money based on everyday actions, such as transportation or leisure activities. Additionally, Qapital offers an FDIC-insured checking account and a Visa debit card that enables users to manage their spending more effectively. By integrating behavioral psychology with technology, Qapital aims to simplify money management and encourage intentional spending while promoting savings habits. The company's approach also includes features that help users track their spending and set financial targets, making it easier to align everyday behaviors with long-term financial objectives.

PJSC SEB Corporate Bank

Acquisition in 2012
PJSC SEB Corporate Bank offers banking services.

NCC

Post in 2012
NCC is a leading construction company specializing in the development of commercial buildings, infrastructure projects, and related services. The company operates through five business areas: NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. Each segment focuses on specific aspects of the construction and development process, allowing NCC to deliver comprehensive solutions across various project types. With a commitment to quality and innovation, NCC has established itself as a prominent player in the construction industry.

Joint-Stock Bank Factorial-Bank

Acquisition in 2007
Joint-Stock Bank Factorial-Bank offers banking services and products such as depository accounts and loans.

SEB Bank JSC

Acquisition in 2006
SEB Bank JSC provides commercial banking products such as deposit accounts and loans.

Arcot Systems

Series A in 2005
Arcot Systems, Inc. specializes in authentication and digital signing solutions aimed at protecting and verifying the digital identities of cardholders and merchants. Founded in 1997 and headquartered in Sunnyvale, California, with a technology center in Bangalore, India, the company offers a variety of services, including consumer portal protection, FFIEC compliance, identity management, Internet threat protection, SAFE biopharmaceutical compliance, and VPN authentication. Its key products include TransFort for Issuers and Merchants, RiskFort for real-time fraud prevention, WebFort and ArcotID for software-based authentication, A-OK On-Demand for secure authentication processes, and SignFort to streamline document signing and approval. Arcot Systems serves financial institutions, pharmaceutical companies, and e-commerce platforms, helping them combat online fraud and identity theft.

Fidobank

Acquisition in 2005
Fidobank is a Ukrainian bank that was established on October 2, 1991, originally under the name AGIO Bank, and was previously affiliated with the Swedish SEB Group until 2012. Based in Kyiv, Fidobank provides a range of banking and financial services tailored for individuals, corporations, and small to medium enterprises. The bank focuses on delivering comprehensive corporate banking solutions while catering to the diverse financial needs of its clients in Ukraine.

Boliden Group

Boliden is a metals company committed to sustainable development, specializing in exploration, mining, smelting, and metals recycling. It operates six mining areas and five smelters across Sweden, Norway, Finland, and Ireland, employing approximately 5,500 people with an annual turnover of around SEK 40 billion. Boliden's primary products are zinc ingots, copper cathodes, lead ingots, and gold/silver granules, serving industrial customers in Europe.

Navigator Gas

Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers, specializing in the transportation and distribution of liquefied petroleum gas (LPG), petrochemical gases, and ammonia. The company provides international seaborne transportation and regional distribution services to energy companies, industrial users, and commodity traders. By transporting gases in liquefied form under controlled temperatures and pressures, Navigator Gas significantly reduces their volume, enhancing transportation efficiency. The versatility of its modern fleet, which includes ethylene, semi-refrigerated, and fully-refrigerated vessels, enables the company to offer a comprehensive and competitive range of ocean transportation and coastal distribution solutions. Navigator Gas's operational excellence and the broad capabilities of its fleet position it as a preferred partner for companies in need of handysize liquefied gas transportation solutions. Additionally, the company has a stake in an ethylene export marine terminal in Texas, further supporting its service offerings in the liquefied gas sector.
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