Industrifonden

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.

Per Anell

Senior Investment Director and Practice Lead Transformative Tech

Iliam Barkino

Principal

Tomas Bie

Investment Director

Karolina Bjurehed

Investment Director

Jonas Brambeck Ph.D

Senior Investment Director

Tobias Elmquist

Senior Investment Director

Tobias Elmquist

Senior Investment Director

Anna Haupt

Investment Director

Jonathan Ilicki

Principal

Jonas Jendi

COO, Practice Lead Life Science and Senior Investment Director

Anna Ljungdahl

Senior Investment Director

Caroline Murray

CFO

Patrik Sobocki

Senior Investment Director and Practice Lead Deep Tech

Andreas Söneby

Venture Partner

Tore Tolke

Senior Investment Director

Mala Valroy

Investment Manager

Mala Valroy

Investment Manager

Caroline Wachtmeister

Principal

Peter Wolpert

CEO

Matti Zemack

Investment Director

Sara Frykstrand Ångström

Associate

Caroline Wadstein

Investor

211 past transactions

Tribune Therapeutics

Series A in 2025
Tribune Therapeutics is a preclinical biopharmaceutical company focused on developing medicines to treat fibrotic diseases by targeting extracellular matrix–associated proteins central to scar formation, with the aim of halting progression across diverse tissues and conditions.

Novatron

Series A in 2025
Novatron is focused on developing a proprietary fusion power concept aimed at producing clean, sustainable energy. Collaborating with physicists, engineers, and academic institutions, the company seeks to create an energy system that not only reduces reliance on fossil fuels but also minimizes greenhouse gas emissions. By advancing fusion energy technology, Novatron aims to provide abundant and renewable energy solutions, contributing to a more sustainable future for humanity.

GÃ¥rdsfisk

Series A in 2025
GÃ¥rdsfisk is a Swedish company that develops and operates land-based fish farming technologies. Founded in 2013 and based in Ã…hus, it focuses on growing fish in large tanks within closed systems on land, enabling production away from traditional water bodies. The process recycles nutrient-rich wastewater, which can be repurposed as fertilizer for fields, reducing waste and environmental impact. The company aims to offer sustainable fish production that minimizes ecological disruption and supports farmers by expanding their offerings with seafood produced in controlled environments, suitable for integration in farm operations or domestic settings.

Echandia

Venture Round in 2025
Echandia specializes in developing advanced energy storage solutions and battery systems specifically for maritime transportation, shipping, and other heavy-duty applications. The company's product lineup includes LTO Battery Systems that utilize Lithium-Titanate-Oxide technology, known for their exceptional safety, rapid charging capabilities—fully charged in approximately 10 minutes—and an impressive lifespan exceeding 30,000 cycles. Additionally, Echandia offers the Echandia Energy system, an air-cooled lithium-ion battery designed for long-term maritime use, ensuring both safe and efficient operation. Furthermore, the Echandia Power system is engineered for hybrid applications, providing high power output for short durations, typically lasting five minutes or less per cycle. Through these innovative solutions, Echandia aims to promote zero-emission energy use in maritime, rail, and wind power sectors, enabling clients to adopt sustainable energy assets in their operations.

Fibbl

Venture Round in 2025
Fibbl specializes in cost-effective end-to-end solutions for integrating 3D and AR into e-commerce and marketing. It has industrialized the process of creating photorealistic 3D models for consumer products from global brands, boasting the world's largest database of such models.

Senseworks

Venture Round in 2025
Senseworks is an insight platform that enables colleagues to collaborate effectively with customers by providing a single source of truth for accounting data.

Agteria Biotech

Seed Round in 2025
Agteria Biotech is a biotech startup focused on developing sustainable agricultural solutions, particularly through innovative feed additives for livestock. Its distinctive products aim to enhance livestock health and well-being while simultaneously reducing methane emissions, contributing to a more sustainable livestock farming industry. By improving animal health, Agteria Biotech's offerings have the potential to increase productivity and decrease the reliance on antibiotics, thus supporting customers in their efforts to adopt more environmentally friendly farming practices.

Open Payments

Venture Round in 2025
Open Payments Europe is a developer of an innovative open banking platform that facilitates secure access to a wide range of bank APIs across Europe. Established in 2017 and headquartered in Stockholm, Sweden, the company provides crucial infrastructure for the open banking ecosystem, complying with PSD2 regulations. Its platform enables third-party providers and business partners to seamlessly integrate banking services while maintaining their own branding and user experience. By offering a single, secure access point, Open Payments empowers businesses to develop and enhance their products and services in a streamlined manner, promoting efficiency and innovation in financial technology.

Gesynta Pharma

Series B in 2025
Gesynta Pharma is a clinical-stage pharmaceutical company developing compounds that inhibit the pro-inflammatory enzyme mPGES-1. Its lead drug candidate, vipoglanstat (GS-248), is in development for endometriosis, a prevalent chronic inflammatory disease affecting women's health. Gesynta Pharma also has another drug candidate, GS-073, ready to enter clinical phase I trials.

AnaCardio

Series A in 2025
AnaCardio is a clinical stage biopharmaceutical company focused on developing innovative drugs for the treatment of heart failure. The company's therapeutics aim to enhance the contractility of the heart muscle through a unique mechanism that utilizes a therapeutic peptide. This approach is designed to avoid common adverse effects associated with traditional treatments, such as tachycardia, arrhythmia, ischemia, or hypotension. By improving cardiac output safely, AnaCardio's drugs have the potential to enhance organ function, elevate quality of life, increase functional capacity, and lower the risks of hospitalization and mortality for patients suffering from heart failure.

Avassa

Venture Round in 2024
Avassa is a company that specializes in managing applications across distributed edge locations. Its platform facilitates secure and remote updates, monitoring, and troubleshooting of edge applications on a large scale. By simplifying application orchestration and ensuring a zero-trust security model for all users and sites, Avassa helps businesses efficiently manage the lifecycle of their edge applications with speed and security. The company's solution is designed to bridge the gap between modern containerized application development and operations and distributed edge infrastructure, enabling teams to deploy, monitor, and observe workloads effectively in various environments.

SaltX Technology

Post in 2024
SaltX Technology is a Swedish greentech company specializing in energy storage solutions. It has developed and patented innovative technology aimed at reducing emissions in industries like lime and cement production.

BOOST Pharma

Venture Round in 2024
BOOST Pharma is a biotechnology research company based in Copenhagen, Denmark, founded in 2019. The company specializes in developing a stem cell therapy aimed at treating osteogenesis imperfecta, a genetic disorder characterized by fragile bones. BOOST Pharma's innovative approach utilizes novel mesenchymal stem cells known for their strong bone-forming capabilities. Once injected into patients, these stem cells migrate to the bone, where they engraft and initiate the process of bone formation. This therapeutic strategy enables clinicians to address the disease at its earliest stages, potentially enhancing long-term outcomes for patients.

ZeroPoint Technologies

Series A in 2024
ZeroPoint Technologies specializes in innovative memory compression technology aimed at enhancing data center and smart device efficiency. By removing up to 70% of unnecessary information from microchips, the company enables significantly improved performance, achieving up to 50% more performance per watt. This technology combines ultra-fast data compression, real-time data compaction, and transparent memory management into a single solution, making it distinct in the industry. The company's products allow data centers to maximize performance while minimizing energy consumption, and enable smart device developers to enhance performance and user experience without sacrificing battery life. ZeroPoint's approach is founded on decades of research from a renowned academic group, supported by a robust patent portfolio and a continuous pipeline of innovative ideas. The company delivers hardware intellectual property blocks that clients can integrate into their systems on a chip (SoC) and collaborates closely with industry leaders on advanced technology projects.

Telness Tech

Convertible Note in 2024
Telness Tech provides cloud-based telecom solutions.

Arevo

Venture Round in 2024
Arevo specializes in the development of biostimulants and plant nutrition products, primarily focusing on the cultivation of forest plants such as pine and spruce. The company's innovative technologies include liquid and granular amino acid fertilizers that enhance plant establishment and growth. Arevo's specialized fertilizers not only promote improved growth but also significantly impact plant survival and carbon sequestration. By fostering robust root systems, their products help make plants more stress-resistant, thereby simplifying the cultivation process for producers.

Asgard Therapeutics

Series A in 2024
Asgard Therapeutics is a private biotechnology company focused on developing innovative cancer immunotherapies through direct cell reprogramming technologies. Founded as a spin-off from Lund University, the company employs its proprietary TrojanDC technology to initiate immune responses by leveraging the biological properties of professional antigen-presenting cells. With a commitment to creating personalized and efficient gene therapy products, Asgard Therapeutics aims to expand its pipeline of off-the-shelf cancer treatments, particularly for patients with cancers that are resistant to traditional therapies. By activating tailored anti-cancer immune defenses, the company seeks to offer new therapeutic options for individuals in need of effective cancer treatment alternatives.

Apica

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

TrusTrace

Series B in 2024
TrusTrace is a software company based in Stockholm, Sweden, with an additional location in Coimbatore, India, that specializes in traceability as a service for the fashion supply chain. Founded in 2016, TrusTrace offers a comprehensive platform that enables global brands and suppliers to capture, digitize, and share supply chain and material traceability data efficiently. Its suite of tools includes T-Tracem for end-to-end product traceability, T-CET for customer engagement, I-CAT for climate action management, and T-VeM for vendor management, among others. The platform consolidates validated supply chain data, allowing brands to substantiate product claims and ensure regulatory compliance while managing their environmental impact. By providing a single platform for traceability, TrusTrace empowers brands to enhance transparency and trust in their supply chains.

Texray

Venture Round in 2023
Texray AB specializes in the development of innovative radiation protection textiles designed specifically for medical practitioners who utilize X-rays during surgical procedures. The company has created a patented, woven material that possesses unique attenuating properties, ensuring effective protection against harmful radiation. This breathable fabric not only enhances safety for healthcare professionals but also allows them to perform their critical work with reduced radiation exposure. Through its commitment to safety and innovation, Texray aims to support medical professionals in their efforts to save lives without compromising their health.

MinervaX

Venture Round in 2023
MinervaX is a biotechnology company focused on developing maternal vaccines to prevent infections caused by Group B streptococcus (GBS), which can lead to serious adverse pregnancy outcomes and life-threatening conditions for newborns. The company leverages a specific fusion protein that has shown promise in eliciting protective immunity against various clinically relevant GBS strains. By concentrating on this innovative vaccine approach, MinervaX aims to provide medical professionals with effective tools to safeguard newborns from bacterial infections, ultimately enhancing maternal and infant health outcomes.

Fast Travel Games

Venture Round in 2023
Founded in Stockholm, Sweden in 2016 by industry veterans, Fast Travel Games specializes in developing immersive virtual reality (VR) games. Their mission is to create games that allow players to explore rich narratives and interact with others in innovative ways.

Cellevate

Seed Round in 2023
Founded in 2014, Cellevate specializes in developing advanced 3D cell culture systems using nanofiber technology. Its patented platform enables the creation of consistent and porous networks of nanofibers, serving as realistic in-vitro models for scientific research and development across various industries.

Pixelgen Technologies

Series A in 2023
Pixelgen Technologies is a company focused on advancing biomedical research and diagnostics through the development of innovative bio-analytical tools. Founded in 2020 and based in Sweden, Pixelgen Technologies creates novel analytical methods and products that provide researchers and drug developers with insights into the complexities of biological processes. By enhancing the understanding of biomedicine, the company aims to support improvements in health and contribute to the advancement of medical science.

AlixLabs

Seed Round in 2023
AlixLabs develops nanostructure fabrication solutions based on atomic layer etching (ALE), a damage-free etch process that enables very small feature sizes. Its ALE-based method produces nanostructures with dimensions below 20 nanometers, surpassing the resolution of conventional optical and electron-beam lithography and supporting nanoelectronic device fabrication and advanced transistor channel scaling for sub-20 nanometer technology nodes. The company's technology is designed to integrate into existing semiconductor production workflows, aiming to reduce the number of processing steps while increasing throughput. In addition, it seeks to optimize power and water consumption and emissions in manufacturing, helping semiconductor makers improve efficiency and environmental performance as they advance production.

Novatron

Seed Round in 2023
Novatron is focused on developing a proprietary fusion power concept aimed at producing clean, sustainable energy. Collaborating with physicists, engineers, and academic institutions, the company seeks to create an energy system that not only reduces reliance on fossil fuels but also minimizes greenhouse gas emissions. By advancing fusion energy technology, Novatron aims to provide abundant and renewable energy solutions, contributing to a more sustainable future for humanity.

Apica

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

Fishbrain

Venture Round in 2023
FishBrain AB, established in 2009 and headquartered in Stockholm, Sweden, develops a mobile application that serves as a social network, commerce platform, and tool for sport fishing enthusiasts. The Fishbrain app connects anglers, enables users to track and share personal statistics, provides fishing forecasts, and offers an interactive map to discover new fishing spots and see real-time catch data. It also promotes responsible fishing practices, such as catch and release, and sustainable harvesting. The app is available on both the App Store and Google Play.

Virkesbörsen

Venture Round in 2023
Virkesbörsen is a Swedish company that operates a digital marketplace, facilitating the buying and selling of wood between suppliers and buyers.

Logical Clocks AB

Series B in 2023
Founded in 2016, Logical Clocks AB develops and provides a data platform. It offers Hops Enterprise Services, utilizing deep learning, stream processing, and SQL on hops, along with Hopsworks Enterprise, an on-premise data management and data science platform.

Soundtrack Your Brand

Venture Round in 2023
Soundtrack Your Brand offers a B2B music platform for small businesses. It enables them to legally create and play custom playlists in their venues through a monthly subscription service, providing access to a vast commercial catalog of songs.

Retein

Venture Round in 2023
Retein is a water purification technology company specializing in molecular separation to sustainably recover resources from water. Its platform uses bio-inspired filtration based on stabilized proteins to selectively extract clean water and valuable materials, such as lithium, and integrates with diverse water sources to enable industries and resource managers to recover high-purity outputs with reduced energy use and environmental impact. The company aims to advance resource efficiency by combining advanced material recovery with low-energy processes, supporting a more sustainable water cycle.

Open Payments

Venture Round in 2023
Open Payments Europe is a developer of an innovative open banking platform that facilitates secure access to a wide range of bank APIs across Europe. Established in 2017 and headquartered in Stockholm, Sweden, the company provides crucial infrastructure for the open banking ecosystem, complying with PSD2 regulations. Its platform enables third-party providers and business partners to seamlessly integrate banking services while maintaining their own branding and user experience. By offering a single, secure access point, Open Payments empowers businesses to develop and enhance their products and services in a streamlined manner, promoting efficiency and innovation in financial technology.

Teitur Trophics

Series A in 2023
Teitur Trophics is a biotech company established in 2020 and based in Aarhus, Denmark. The company specializes in the development of circular peptides aimed at addressing neurodegenerative diseases. Its research focuses on small peptides that interact with receptors central to neural function. By gaining insights into the biology of these receptors, Teitur Trophics aims to modulate key mechanisms in neural function, which may facilitate the creation of innovative treatments. These treatments are designed to be administered through daily injections, with the potential to prevent the onset of neurodegenerative conditions.

ZeroPoint Technologies

Seed Round in 2023
ZeroPoint Technologies specializes in innovative memory compression technology aimed at enhancing data center and smart device efficiency. By removing up to 70% of unnecessary information from microchips, the company enables significantly improved performance, achieving up to 50% more performance per watt. This technology combines ultra-fast data compression, real-time data compaction, and transparent memory management into a single solution, making it distinct in the industry. The company's products allow data centers to maximize performance while minimizing energy consumption, and enable smart device developers to enhance performance and user experience without sacrificing battery life. ZeroPoint's approach is founded on decades of research from a renowned academic group, supported by a robust patent portfolio and a continuous pipeline of innovative ideas. The company delivers hardware intellectual property blocks that clients can integrate into their systems on a chip (SoC) and collaborates closely with industry leaders on advanced technology projects.

Viking Analytics

Series A in 2023
Viking Analytics AB is a software development company based in Gothenburg, Sweden, that specializes in analytics solutions for the manufacturing, chemical, and process industries. Established in 2012, the company offers its flagship product, MultiViz, which enables industrial clients to prepare, analyze, and visualize sensor data and condition monitoring information. This advanced software enhances machine failure analysis and prediction, allowing users to identify potential issues and operational inefficiencies with greater accuracy than traditional methods. By facilitating effective remote monitoring, Viking Analytics helps maintenance firms, OEMs, and system integrators reduce unplanned maintenance breaks and optimize processes and energy use, all while minimizing false alarms and eliminating the need for dedicated AI teams.

EnginZyme

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

MinervaX

Series C in 2022
MinervaX is a biotechnology company focused on developing maternal vaccines to prevent infections caused by Group B streptococcus (GBS), which can lead to serious adverse pregnancy outcomes and life-threatening conditions for newborns. The company leverages a specific fusion protein that has shown promise in eliciting protective immunity against various clinically relevant GBS strains. By concentrating on this innovative vaccine approach, MinervaX aims to provide medical professionals with effective tools to safeguard newborns from bacterial infections, ultimately enhancing maternal and infant health outcomes.

Digip

Seed Round in 2022
Digip is a Swedish legal technology SaaS company that specializes in affordable and accessible trademark protection. It combines technological innovation with intellectual property expertise to streamline processes and reduce costs for customers seeking to protect their trademarks. Digip's software enables on-demand trademark registration, infringement protection, domain management, and global brand name protection in a user-friendly digital environment.

Occtoo

Seed Round in 2022
Occtoo AB is a software-as-a-service company headquartered in Vellinge, Sweden, that specializes in an Experience Data Platform tailored for retailers and brands. Founded in 2019, Occtoo enables digital teams to rapidly develop applications and digital experiences by transforming enterprise data into actionable experience data. The platform facilitates seamless access to customer experience data without the need for complex integrations, allowing users to efficiently match content with customers and create dynamic applications. Key features include content personalization, dynamic product profiling, brand shops, customer insights, and headless personalization. Occtoo's innovative technology is utilized by various notable brands, enhancing their ability to deliver personalized user experiences across multiple channels and touchpoints.

KISAB

Venture Round in 2022
KISAB is a partner of Mitronic IT services and is their local provider of office equipment and IT in technical service and sales. They offer sales, service, repairs, and accessories for most brands on the market, including Brother, Canon, Sharp, Olivetti, OKI, Lexmark, HP, Microsoft, and more.

AnaCardio

Series A in 2022
AnaCardio is a clinical stage biopharmaceutical company focused on developing innovative drugs for the treatment of heart failure. The company's therapeutics aim to enhance the contractility of the heart muscle through a unique mechanism that utilizes a therapeutic peptide. This approach is designed to avoid common adverse effects associated with traditional treatments, such as tachycardia, arrhythmia, ischemia, or hypotension. By improving cardiac output safely, AnaCardio's drugs have the potential to enhance organ function, elevate quality of life, increase functional capacity, and lower the risks of hospitalization and mortality for patients suffering from heart failure.

Airsonett

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

Telness Tech

Series A in 2022
Telness Tech provides cloud-based telecom solutions.

Nextory

Venture Round in 2022
Nextory offers a subscription-based mobile application providing access to e-books and audiobooks. It is headquartered in Kista, Sweden.

Elypta

Series A in 2022
Elypta develops a liquid biopsy platform using metabolism-based biomarkers and artificial intelligence. Its platform measures glycosaminoglycan metabolites in blood and urine, aiming to enable earlier detection and monitoring of various cancer types.

ShardSecure

Series A in 2022
ShardSecure, Inc. is a data protection company that specializes in encryption and cloud data security software solutions. Founded in 2019 and headquartered in New York, the company employs its innovative Microshard technology to enhance the security of sensitive data stored and shared in the cloud. This technology works by breaking data into small fragments, which are then distributed across multiple cloud platforms and interspersed with false shards. This approach makes it exceedingly difficult for cybercriminals to reconstruct the original data, thereby safeguarding it against unauthorized access. ShardSecure's solutions are application-agnostic and function as a virtual storage appliance, providing an additional layer of defense against potential misconfigurations in cloud environments. The company integrates seamlessly with major cloud service providers, including AWS, Azure, Google, and IBM, offering a simplified and effective alternative for enterprises and government agencies seeking robust data security solutions.

Peafowl Plasmonics

Seed Round in 2022
Peafowl Plasmonics is a company focused on innovative solar cell technology that emphasizes efficiency, affordability, and sustainability. The firm has developed highly transparent plasmonic solar cells capable of absorbing light in various conditions, including harsh outdoor environments and low-illumination indoor settings. This versatility allows for the seamless integration of sensors directly into window glass, eliminating the need for wires or batteries. By enabling commercial partners and customers to reduce energy consumption and lower carbon emissions, Peafowl Plasmonics contributes to efforts aimed at minimizing corporate carbon footprints.

Asgard Therapeutics

Seed Round in 2021
Asgard Therapeutics is a private biotechnology company focused on developing innovative cancer immunotherapies through direct cell reprogramming technologies. Founded as a spin-off from Lund University, the company employs its proprietary TrojanDC technology to initiate immune responses by leveraging the biological properties of professional antigen-presenting cells. With a commitment to creating personalized and efficient gene therapy products, Asgard Therapeutics aims to expand its pipeline of off-the-shelf cancer treatments, particularly for patients with cancers that are resistant to traditional therapies. By activating tailored anti-cancer immune defenses, the company seeks to offer new therapeutic options for individuals in need of effective cancer treatment alternatives.

TrusTrace

Series A in 2021
TrusTrace is a software company based in Stockholm, Sweden, with an additional location in Coimbatore, India, that specializes in traceability as a service for the fashion supply chain. Founded in 2016, TrusTrace offers a comprehensive platform that enables global brands and suppliers to capture, digitize, and share supply chain and material traceability data efficiently. Its suite of tools includes T-Tracem for end-to-end product traceability, T-CET for customer engagement, I-CAT for climate action management, and T-VeM for vendor management, among others. The platform consolidates validated supply chain data, allowing brands to substantiate product claims and ensure regulatory compliance while managing their environmental impact. By providing a single platform for traceability, TrusTrace empowers brands to enhance transparency and trust in their supply chains.

Funnel

Series C in 2021
Founded in 2014 by Fredrik Skantze and Per Made, Funnel is a software company specializing in marketing analytics. It integrates with over 400 data sources to automate data collection from various advertising platforms, catering to e-commerce companies, media agencies, brands, B2B businesses, mobile apps, and gaming companies.

ZeroPoint Technologies

Seed Round in 2021
ZeroPoint Technologies specializes in innovative memory compression technology aimed at enhancing data center and smart device efficiency. By removing up to 70% of unnecessary information from microchips, the company enables significantly improved performance, achieving up to 50% more performance per watt. This technology combines ultra-fast data compression, real-time data compaction, and transparent memory management into a single solution, making it distinct in the industry. The company's products allow data centers to maximize performance while minimizing energy consumption, and enable smart device developers to enhance performance and user experience without sacrificing battery life. ZeroPoint's approach is founded on decades of research from a renowned academic group, supported by a robust patent portfolio and a continuous pipeline of innovative ideas. The company delivers hardware intellectual property blocks that clients can integrate into their systems on a chip (SoC) and collaborates closely with industry leaders on advanced technology projects.

Limina Investment Management Solution

Series A in 2021
Limina Investment Management Solution (IMS) is a Front-to-Middle Office Solution that let investment managers focus on what matters: producing investment returns with minimal operational risk. The open platform help Asset Managers overcome fragmented workflows and increase confidence in data and oversight. Limina was founded by former investment managers that set out to create a solution to the challenges they faced. The solution now offered by Limina is engineered in Sweden and delivered by industry experts globally.

Logical Clocks AB

Series A in 2021
Founded in 2016, Logical Clocks AB develops and provides a data platform. It offers Hops Enterprise Services, utilizing deep learning, stream processing, and SQL on hops, along with Hopsworks Enterprise, an on-premise data management and data science platform.

ShardSecure

Seed Round in 2021
ShardSecure, Inc. is a data protection company that specializes in encryption and cloud data security software solutions. Founded in 2019 and headquartered in New York, the company employs its innovative Microshard technology to enhance the security of sensitive data stored and shared in the cloud. This technology works by breaking data into small fragments, which are then distributed across multiple cloud platforms and interspersed with false shards. This approach makes it exceedingly difficult for cybercriminals to reconstruct the original data, thereby safeguarding it against unauthorized access. ShardSecure's solutions are application-agnostic and function as a virtual storage appliance, providing an additional layer of defense against potential misconfigurations in cloud environments. The company integrates seamlessly with major cloud service providers, including AWS, Azure, Google, and IBM, offering a simplified and effective alternative for enterprises and government agencies seeking robust data security solutions.

Fast Travel Games

Series B in 2021
Founded in Stockholm, Sweden in 2016 by industry veterans, Fast Travel Games specializes in developing immersive virtual reality (VR) games. Their mission is to create games that allow players to explore rich narratives and interact with others in innovative ways.

Digip

Seed Round in 2021
Digip is a Swedish legal technology SaaS company that specializes in affordable and accessible trademark protection. It combines technological innovation with intellectual property expertise to streamline processes and reduce costs for customers seeking to protect their trademarks. Digip's software enables on-demand trademark registration, infringement protection, domain management, and global brand name protection in a user-friendly digital environment.

NuvoAir

Series A in 2021
NuvoAir is a healthcare technology company that offers a value-based specialty care platform and remote monitoring tools for chronic heart and lung conditions. Founded in 2015 and based in Stockholm, Sweden, it develops home respiratory monitoring and analytics delivered by a multidisciplinary team of pulmonologists and cardiologists. The platform enables proactive virtual care and partners with health plans and risk-bearing entities under flexible, value-based payment arrangements to improve patient outcomes and reduce healthcare costs by enabling early detection of deterioration and personalized management.

Exeri AB

Venture Round in 2021
Exeri AB develops Smart Grid Surveillance, a digitization-based system that transforms electric grids into smart grids by fully digitizing networks. The technology monitors the electricity network in real time, providing network owners with up-to-date status, enabling early problem detection and enhanced security. It employs IoT technology, AI-based algorithms, and map-based location data to identify exact error positions, predict maintenance needs, and support real-time decision making. The system also improves safety for field workers and supports renewable energy deployment, including services for charging electric vehicles. Exeri AB was founded in 2009 and is headquartered in Luleå, Sweden.

Lexly

Venture Round in 2021
Lexly is a leading provider of online legal services in the Nordic legal tech market. The company specializes in offering accessible legal advice on matters such as wills, gift deeds, and stockholder agreements. Lexly also features an online legal tool that enables individuals to create their own legal documents, thereby helping customers reduce legal costs and enhance efficiency. The group includes the brands Stirling Blue and Pactumize, further strengthening its position in the industry.

Meniga

Venture Round in 2021
Meniga develops white-label digital banking solutions that enable personal finance management, automated notifications, predictive analytics, and personalized engagement. It also offers marketing products such as card-linked offers and consumer data analytics.

Crosser

Venture Round in 2021
Crosser is a technology company that specializes in streaming analytics and integration software, catering to edge, fog, and cloud computing environments. Its platform enables real-time processing of both streaming and batch data, facilitating data transformation, analytics, automation, and integration. By providing real-time analytics and decision-making capabilities akin to those of IoT sensors and devices, Crosser empowers enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This functionality helps organizations minimize costs associated with cloud services and bandwidth, enhancing operational efficiency across various applications.

EnginZyme

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

Occtoo

Seed Round in 2021
Occtoo AB is a software-as-a-service company headquartered in Vellinge, Sweden, that specializes in an Experience Data Platform tailored for retailers and brands. Founded in 2019, Occtoo enables digital teams to rapidly develop applications and digital experiences by transforming enterprise data into actionable experience data. The platform facilitates seamless access to customer experience data without the need for complex integrations, allowing users to efficiently match content with customers and create dynamic applications. Key features include content personalization, dynamic product profiling, brand shops, customer insights, and headless personalization. Occtoo's innovative technology is utilized by various notable brands, enhancing their ability to deliver personalized user experiences across multiple channels and touchpoints.

MinervaX

Series B in 2020
MinervaX is a biotechnology company focused on developing maternal vaccines to prevent infections caused by Group B streptococcus (GBS), which can lead to serious adverse pregnancy outcomes and life-threatening conditions for newborns. The company leverages a specific fusion protein that has shown promise in eliciting protective immunity against various clinically relevant GBS strains. By concentrating on this innovative vaccine approach, MinervaX aims to provide medical professionals with effective tools to safeguard newborns from bacterial infections, ultimately enhancing maternal and infant health outcomes.

Avassa

Funding Round in 2020
Avassa is a company that specializes in managing applications across distributed edge locations. Its platform facilitates secure and remote updates, monitoring, and troubleshooting of edge applications on a large scale. By simplifying application orchestration and ensuring a zero-trust security model for all users and sites, Avassa helps businesses efficiently manage the lifecycle of their edge applications with speed and security. The company's solution is designed to bridge the gap between modern containerized application development and operations and distributed edge infrastructure, enabling teams to deploy, monitor, and observe workloads effectively in various environments.

InRiver

Venture Round in 2020
InRiver AB is a software company that specializes in product information management (PIM) solutions, designed to assist businesses in effectively managing and distributing product information across various sales channels. Founded in 2007 and headquartered in Malmö, Sweden, with regional offices in Chicago, Amsterdam, and Stockholm, InRiver caters to both B2C and B2B multi-channel commerce professionals. The company's platform enables organizations to create, maintain, and uniformly present product information, including sales materials like videos and images, in multiple languages. With a client base of over 1,000 brands across 19 countries, InRiver aims to enhance revenue, customer satisfaction, and brand equity by transforming product information into strategic assets. The company has also established a strategic partnership with Aprimo LLC, further extending its capabilities in the market.

Open Payments

Seed Round in 2020
Open Payments Europe is a developer of an innovative open banking platform that facilitates secure access to a wide range of bank APIs across Europe. Established in 2017 and headquartered in Stockholm, Sweden, the company provides crucial infrastructure for the open banking ecosystem, complying with PSD2 regulations. Its platform enables third-party providers and business partners to seamlessly integrate banking services while maintaining their own branding and user experience. By offering a single, secure access point, Open Payments empowers businesses to develop and enhance their products and services in a streamlined manner, promoting efficiency and innovation in financial technology.

Gesynta Pharma

Series C in 2020
Gesynta Pharma is a clinical-stage pharmaceutical company developing compounds that inhibit the pro-inflammatory enzyme mPGES-1. Its lead drug candidate, vipoglanstat (GS-248), is in development for endometriosis, a prevalent chronic inflammatory disease affecting women's health. Gesynta Pharma also has another drug candidate, GS-073, ready to enter clinical phase I trials.

Meniga

Corporate Round in 2020
Meniga develops white-label digital banking solutions that enable personal finance management, automated notifications, predictive analytics, and personalized engagement. It also offers marketing products such as card-linked offers and consumer data analytics.

Trialbee

Venture Round in 2020
Trialbee AB is an independent software company based in Malmö, Sweden, established in 2010. It specializes in developing a software-as-a-service solution aimed at enhancing patient matching and engagement in clinical trials. The company's platform facilitates patient recruitment, enrollment, and retention by providing various services such as resource libraries, adherence reminders, and comprehensive patient journey management. Trialbee's technology enables candidates to search for clinical trials and offers pre-screening and analysis tools, thus simplifying the clinical research process. The company serves a range of clients, including pharmaceutical sponsors, contract research organizations (CROs), investigator sites, and patients, with the goal of accelerating drug development through improved recruitment accuracy and efficiency.

DbVis Software

Venture Round in 2020
DbVis Software AB, founded in 2003 and headquartered in Stockholm, Sweden, specializes in developing database management and analysis software. Its flagship product, DbVisualizer, serves as a platform-independent tool that supports connections to various data sources and enables users to manage database-specific objects, create and edit procedures, functions, and triggers, and perform schema exports and comparisons of editors and result sets. The company emphasizes a user-centric development approach, incorporating feedback from its community to ensure that new features enhance the software without unnecessary complexity. DbVis Software is committed to providing high-quality support directly from its development team, maintaining a transparent and competitive pricing model, which includes a free version and discounts for educational and non-profit institutions. With over 6 million downloads and more than 28,000 organizations in 145 countries using its commercial Pro version, DbVis Software has established itself as a trusted provider in the database management sector.

Nextory

Venture Round in 2020
Nextory offers a subscription-based mobile application providing access to e-books and audiobooks. It is headquartered in Kista, Sweden.

Barnebys

Venture Round in 2020
Founded in Stockholm in 2011, Barnebys is the world's leading search service for art, antiques, and collectibles. It connects buyers and sellers globally via an online platform featuring daily listings from top-tier auctioneers and dealers. The company also offers a free database of auction results and a valuation service.

Elypta

Seed Round in 2020
Elypta develops a liquid biopsy platform using metabolism-based biomarkers and artificial intelligence. Its platform measures glycosaminoglycan metabolites in blood and urine, aiming to enable earlier detection and monitoring of various cancer types.

Funnel

Series B in 2020
Founded in 2014 by Fredrik Skantze and Per Made, Funnel is a software company specializing in marketing analytics. It integrates with over 400 data sources to automate data collection from various advertising platforms, catering to e-commerce companies, media agencies, brands, B2B businesses, mobile apps, and gaming companies.

ShardSecure

Seed Round in 2019
ShardSecure, Inc. is a data protection company that specializes in encryption and cloud data security software solutions. Founded in 2019 and headquartered in New York, the company employs its innovative Microshard technology to enhance the security of sensitive data stored and shared in the cloud. This technology works by breaking data into small fragments, which are then distributed across multiple cloud platforms and interspersed with false shards. This approach makes it exceedingly difficult for cybercriminals to reconstruct the original data, thereby safeguarding it against unauthorized access. ShardSecure's solutions are application-agnostic and function as a virtual storage appliance, providing an additional layer of defense against potential misconfigurations in cloud environments. The company integrates seamlessly with major cloud service providers, including AWS, Azure, Google, and IBM, offering a simplified and effective alternative for enterprises and government agencies seeking robust data security solutions.

Combinostics

Series A in 2019
Combinostics is a software company based in Tampere, Finland, that develops data-driven diagnostics tools to support clinical decision making in neurological disorders. It offers a cloud-based platform and imaging analysis solutions for brain MRI, PET and CT data, enabling quantitative assessment of brain images to assist in early diagnosis of neurodegenerative diseases and to improve treatment outcomes. The company provides software for image processing, biomarker analysis, and integration of patient data to give healthcare professionals a comprehensive view of patient information.

Freemelt

Seed Round in 2019
Freemelt AB is a Swedish company founded in 2017 and based in Mölndal, specializing in the development and manufacturing of metal 3D printers. Its flagship product, the Freemelt One, utilizes electron beam melting (EBM) technology and is designed to facilitate materials innovation in additive manufacturing. Freemelt stands out by offering an open-source platform that allows customers to create and test their own materials, including OFHC copper, intermetallics, steels, and nickel-based superalloys. The company is involved in the marketing, sales, and servicing of the Freemelt One, targeting research institutions and industries focused on advanced materials development.

Ingrid Cloud

Venture Round in 2019
Ingrid Cloud AB is a Swedish company based in Stockholm that specializes in developing a cloud-based computational application for wind simulation. Established in 2014, the company offers a fully automated flow simulation service that enhances accuracy, flexibility, and cost efficiency for its users. Its platform simplifies the simulation process by automatically generating complex models from computer-aided design (CAD) geometry, allowing designers, engineers, researchers, and architects to conduct flow simulations without prior expertise in computational fluid dynamics (CFD). This accessibility empowers users to improve their design processes effectively and efficiently.

Crosser

Series A in 2019
Crosser is a technology company that specializes in streaming analytics and integration software, catering to edge, fog, and cloud computing environments. Its platform enables real-time processing of both streaming and batch data, facilitating data transformation, analytics, automation, and integration. By providing real-time analytics and decision-making capabilities akin to those of IoT sensors and devices, Crosser empowers enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This functionality helps organizations minimize costs associated with cloud services and bandwidth, enhancing operational efficiency across various applications.

Athera Biotechnologies

Venture Round in 2019
Athera Biotechnologies AB is a biopharmaceutical company based in Stockholm, Sweden, specializing in the development of targeted anti-inflammatory therapeutics and companion diagnostics for cardiovascular diseases (CVD). Founded in 2002, the company focuses on addressing unmet medical needs in the prevention and treatment of CVD through innovative approaches. Its product portfolio includes CVDefine, an immunological marker and ELISA kit designed for cardiovascular risk assessment, as well as several biopharmaceutical candidates. Among these is PC-mAb, a monoclonal antibody therapy aimed at preventing the uptake of oxidized low-density lipoprotein in macrophages, and Annexin A5, which seeks to prevent plaque rupture and atherothrombotic events. Athera's research is rooted in advancements made at the Karolinska Institutet and reflects a commitment to harnessing scientific breakthroughs for improved patient outcomes in the realm of cardiovascular health.

NuvoAir

Venture Round in 2019
NuvoAir is a healthcare technology company that offers a value-based specialty care platform and remote monitoring tools for chronic heart and lung conditions. Founded in 2015 and based in Stockholm, Sweden, it develops home respiratory monitoring and analytics delivered by a multidisciplinary team of pulmonologists and cardiologists. The platform enables proactive virtual care and partners with health plans and risk-bearing entities under flexible, value-based payment arrangements to improve patient outcomes and reduce healthcare costs by enabling early detection of deterioration and personalized management.

Gesynta Pharma

Seed Round in 2019
Gesynta Pharma is a clinical-stage pharmaceutical company developing compounds that inhibit the pro-inflammatory enzyme mPGES-1. Its lead drug candidate, vipoglanstat (GS-248), is in development for endometriosis, a prevalent chronic inflammatory disease affecting women's health. Gesynta Pharma also has another drug candidate, GS-073, ready to enter clinical phase I trials.

Funnel

Venture Round in 2019
Founded in 2014 by Fredrik Skantze and Per Made, Funnel is a software company specializing in marketing analytics. It integrates with over 400 data sources to automate data collection from various advertising platforms, catering to e-commerce companies, media agencies, brands, B2B businesses, mobile apps, and gaming companies.

Formulate

Venture Round in 2018
Formulate AB operates a marketing analytics platform that assists retail merchandising teams in optimizing promotional performance. Founded in 2015 and based in Stockholm, Sweden, the company provides a cloud-based solution known as Formulate Decision Cloud, which leverages an advanced AI engine to transform sales data into actionable insights. By processing large volumes of business data, the platform offers analytics and competitive intelligence that facilitate better decision-making in campaign management. Additionally, the tool True Lift is designed to enhance the understanding of marketing outcomes, enabling retailers to analyze and forecast the effectiveness of their promotions.

Apica

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

DPOrganizer

Series A in 2018
DPOrganizer is a privacy management software company founded in 2015 and based in Stockholm, Sweden. It provides tools that enable organizations to map, visualize, report, and manage the processing of personal data, which is essential for compliance with data protection regulations such as GDPR. The software aims to give businesses better control over their handling of customer and employee personal information, thereby improving compliance and reducing risks. By streamlining the privacy program lifecycle, DPOrganizer enhances collaboration and communication within organizations, promoting efficient use of resources as they navigate privacy challenges.

Trialbee

Venture Round in 2018
Trialbee AB is an independent software company based in Malmö, Sweden, established in 2010. It specializes in developing a software-as-a-service solution aimed at enhancing patient matching and engagement in clinical trials. The company's platform facilitates patient recruitment, enrollment, and retention by providing various services such as resource libraries, adherence reminders, and comprehensive patient journey management. Trialbee's technology enables candidates to search for clinical trials and offers pre-screening and analysis tools, thus simplifying the clinical research process. The company serves a range of clients, including pharmaceutical sponsors, contract research organizations (CROs), investigator sites, and patients, with the goal of accelerating drug development through improved recruitment accuracy and efficiency.

Fishbrain

Series B in 2018
FishBrain AB, established in 2009 and headquartered in Stockholm, Sweden, develops a mobile application that serves as a social network, commerce platform, and tool for sport fishing enthusiasts. The Fishbrain app connects anglers, enables users to track and share personal statistics, provides fishing forecasts, and offers an interactive map to discover new fishing spots and see real-time catch data. It also promotes responsible fishing practices, such as catch and release, and sustainable harvesting. The app is available on both the App Store and Google Play.

DPOrganizer

Series A in 2017
DPOrganizer is a privacy management software company founded in 2015 and based in Stockholm, Sweden. It provides tools that enable organizations to map, visualize, report, and manage the processing of personal data, which is essential for compliance with data protection regulations such as GDPR. The software aims to give businesses better control over their handling of customer and employee personal information, thereby improving compliance and reducing risks. By streamlining the privacy program lifecycle, DPOrganizer enhances collaboration and communication within organizations, promoting efficient use of resources as they navigate privacy challenges.

Barnebys

Venture Round in 2017
Founded in Stockholm in 2011, Barnebys is the world's leading search service for art, antiques, and collectibles. It connects buyers and sellers globally via an online platform featuring daily listings from top-tier auctioneers and dealers. The company also offers a free database of auction results and a valuation service.

Adfenix

Series A in 2017
Adfenix AB is a Swedish company founded in 2014 and headquartered in Gothenburg. It specializes in developing a social media advertising platform tailored for real estate agents, enabling them to attract new customers through targeted advertising. The Adfenix platform leverages real estate data to empower agents, enhancing their ability to assist consumers in the home-buying journey. By providing quality advertising products and related services, Adfenix simplifies the marketing process for real estate professionals, allowing them to engage effectively with potential clients.

Funnel

Series A in 2017
Founded in 2014 by Fredrik Skantze and Per Made, Funnel is a software company specializing in marketing analytics. It integrates with over 400 data sources to automate data collection from various advertising platforms, catering to e-commerce companies, media agencies, brands, B2B businesses, mobile apps, and gaming companies.

Starcounter

Venture Round in 2017
Starcounter is a software company founded in 2006 by Joachim Wester. Headquartered in Stockholm, Sweden, with offices in Gdansk, Poland, and Palo Alto, United States, it develops a database management platform that combines an in-memory database engine with an application server, aimed at revitalizing enterprise software and enabling high-performance business applications. The platform supports developers in building efficient enterprise solutions, and the company maintains a research and development focus with a team of 30+ scientists from multiple nations pursuing advances in in-memory computing and related technologies.

Fast Travel Games

Series A in 2017
Founded in Stockholm, Sweden in 2016 by industry veterans, Fast Travel Games specializes in developing immersive virtual reality (VR) games. Their mission is to create games that allow players to explore rich narratives and interact with others in innovative ways.

Apica

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

Athera Biotechnologies

Venture Round in 2017
Athera Biotechnologies AB is a biopharmaceutical company based in Stockholm, Sweden, specializing in the development of targeted anti-inflammatory therapeutics and companion diagnostics for cardiovascular diseases (CVD). Founded in 2002, the company focuses on addressing unmet medical needs in the prevention and treatment of CVD through innovative approaches. Its product portfolio includes CVDefine, an immunological marker and ELISA kit designed for cardiovascular risk assessment, as well as several biopharmaceutical candidates. Among these is PC-mAb, a monoclonal antibody therapy aimed at preventing the uptake of oxidized low-density lipoprotein in macrophages, and Annexin A5, which seeks to prevent plaque rupture and atherothrombotic events. Athera's research is rooted in advancements made at the Karolinska Institutet and reflects a commitment to harnessing scientific breakthroughs for improved patient outcomes in the realm of cardiovascular health.

InRiver

Venture Round in 2017
InRiver AB is a software company that specializes in product information management (PIM) solutions, designed to assist businesses in effectively managing and distributing product information across various sales channels. Founded in 2007 and headquartered in Malmö, Sweden, with regional offices in Chicago, Amsterdam, and Stockholm, InRiver caters to both B2C and B2B multi-channel commerce professionals. The company's platform enables organizations to create, maintain, and uniformly present product information, including sales materials like videos and images, in multiple languages. With a client base of over 1,000 brands across 19 countries, InRiver aims to enhance revenue, customer satisfaction, and brand equity by transforming product information into strategic assets. The company has also established a strategic partnership with Aprimo LLC, further extending its capabilities in the market.

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.
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