Luminar Ventures

Luminar Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2017. The firm focuses on early-stage investments, particularly in scalable digital seed-stage companies from Sweden and the Nordic region, including Denmark, Finland, Iceland, and Norway. Luminar Ventures primarily targets sectors such as fintech, artificial intelligence, machine learning, health tech, and insurtech. The firm invests between 500 thousand and 2 million USD, providing not only financial support but also active operational assistance. Luminar engages closely with its portfolio companies, offering strategic guidance and resources to help entrepreneurs transform major industries through innovative digital technologies.

Magnus Bergman Ph.D

Co-Founder & General Partner

Linda Höglund

Investment Committee Member

Daniel Karsberg

Partner

Jacob Key

Co-Founder & General Partner

39 past transactions

Insurely

Series A in 2022
Insurely is an innovative company focused on transforming insurance services to make them more accessible and user-friendly. The company has developed an insurance tracking platform that automatically retrieves information on existing insurance policies, allowing users to monitor coverage and payments efficiently. Additionally, the platform enables users to compare different insurance options from partner providers, promoting transparency and helping companies attract more customers. By streamlining the insurance management process, Insurely aims to benefit both individuals and the broader insurance industry.

xNomad

Seed Round in 2022
Xnomad is a marketplace that connects brands, e-commerce stores and entrepreneurs with short term retail space. xNomad is a technology platform that makes browsing and booking commercial pop-up easier. It was founded in 2019 and is based in Stockholm, Sweden.

Robotic Research

Series A in 2021
Robotic Research, LLC, is a small engineering firm founded by Alberto Lacaze and Karl Murphy in 2002. Both worked together in the Intelligent Systems Division of the National Institute of Standards and Technology (Gaithersburg, MD) when they decided to make the move (across the street as it turned out) to pursue focused interest in unmanned vehicles.

Carla

Series A in 2021
Carla creates the most convenient, transparent, and simple online platform for purchasing or leasing an electric car.

Normative.io

Series A in 2021
Normative is the only software capable of assessing a company’s social and environmental impact automatically by analysing their purchases,using artificial intelligence combined with the world's largest sustainability research database.Their goal is to make the social and environmental cost of every purchase in their economy transparent.This will enable humanity to move towards achieving the Sustainable Development Goals together.

Hiber

Series A in 2021
Hiber AB provides a browser-based game creation and social gaming platform. It allows users to design own games without the need to code and play the games created by other users on the Web browser, mobiles, tablets, and personal computers. Hiber AB was founded in 2017 and is based in Gothenburg, Sweden.

Heja

Seed Round in 2021
Heja is only app you need to easily handle communication between coaches, managers, parents and players. At Heja, we're on a mission to champion the positive impact sport plays in the lives of children and youths: encouraging healthy lifestyles, growing children into leaders and acting as a bridge between cultures. Heja - our free-for-all team app - is just our first contribution to that cause.

Teemyco

Seed Round in 2021
Teemyco AB is a Swedish company that provides a virtual office solution designed to connect distributed teams. Founded in 2019 and headquartered in Stockholm, Teemyco offers an online platform that allows employees to work together regardless of their physical location. The platform features customizable virtual rooms where teams can collaborate effectively, conduct meetings, and communicate informally through a walkie-talkie function. This innovative approach facilitates seamless interaction and enhances team dynamics in a remote work environment.

Frequencz

Seed Round in 2021
Frequencz, is an emerging leader of shared virtual private networks for Enterprises. We brings cloud economics to radio and disrupt the way private networks are built, operated and managed. Our solution delivers innovation within the radio domain that offers foundational change in ROI and profitability for private network operators and Enterprises.

Hiber

Seed Round in 2021
Hiber AB provides a browser-based game creation and social gaming platform. It allows users to design own games without the need to code and play the games created by other users on the Web browser, mobiles, tablets, and personal computers. Hiber AB was founded in 2017 and is based in Gothenburg, Sweden.

Insurely

Seed Round in 2021
Insurely is an innovative company focused on transforming insurance services to make them more accessible and user-friendly. The company has developed an insurance tracking platform that automatically retrieves information on existing insurance policies, allowing users to monitor coverage and payments efficiently. Additionally, the platform enables users to compare different insurance options from partner providers, promoting transparency and helping companies attract more customers. By streamlining the insurance management process, Insurely aims to benefit both individuals and the broader insurance industry.

CodeScene

Seed Round in 2021
Code Sceneis a powerful visualization tool that uses Predictive Analytics to find social patterns and hidden risks in your code.

Mynt

Venture Round in 2020
Mynt AB is a Swedish company established in 2017 that specializes in providing digital financial services aimed at small and medium-sized enterprises. The company offers a range of financing options, including lines of credit, business loans, invoice financing, discounting, and factoring. Mynt utilizes a fully digital application platform to streamline the financing process, emphasizing a data-driven approach to credit scoring to offer improved financing terms for its clients. This focus on efficiency and accessibility seeks to empower small businesses with the financial resources they need to grow and thrive. Based in Stockholm, Mynt is committed to enhancing the financial landscape for small enterprises through innovative digital solutions.

Teemyco

Seed Round in 2020
Teemyco AB is a Swedish company that provides a virtual office solution designed to connect distributed teams. Founded in 2019 and headquartered in Stockholm, Teemyco offers an online platform that allows employees to work together regardless of their physical location. The platform features customizable virtual rooms where teams can collaborate effectively, conduct meetings, and communicate informally through a walkie-talkie function. This innovative approach facilitates seamless interaction and enhances team dynamics in a remote work environment.

Open Payments

Seed Round in 2020
Open Payments Europe AB is a company that specializes in developing an open banking platform designed to facilitate account-to-account payments and retrieve account information and transaction history through a single API. This service is provided on behalf of third-party providers, contingent upon the consent of the end customers. Established in 2017 and headquartered in Stockholm, Sweden, the company serves a range of clients, including third-party application providers, merchants, and businesses, by offering a PSD2 compliant API aggregation platform. This infrastructure enables secure access to various bank API networks across Europe, promoting successful open banking practices.

Hiber

Seed Round in 2020
Hiber AB provides a browser-based game creation and social gaming platform. It allows users to design own games without the need to code and play the games created by other users on the Web browser, mobiles, tablets, and personal computers. Hiber AB was founded in 2017 and is based in Gothenburg, Sweden.

Petbuddy Group

Seed Round in 2020
Petbuddy Group is a D2C pet care group of sustainable brands with the mission to do good for pets, pet parents and the planet. Our brand Buddy Pet Foods offers tailored subscriptions of natural- high quality dog food. In Sep 2020 we also launched Rockybox, a curated dog treat subscription box. We have invested heavy into our ecommerce/subscription platform and will over the next 5 years launch 5 to 7 more sustainable pet care brands based on data and trends. One customer group, one platform, many brands = strong value creation. Based out of Sweden we're experiencing strong growth and are seeking 5 MEUR to further scale PBG and it's brand offerings to new EU markets in 2021.

Insurello

Venture Round in 2020
Insurello AB develops an online insurance claim and settlement platform. The company offers an online platform, Insurello, which provides insurance compensation analysis and management for accidents, healthcare, damages, and medical disabilities. The company was incorporated in 2016 and is based in Stockholm, Sweden.

Health Integrator

Seed Round in 2020
Health Integrator AB operates a platform for access to health services. It offers in the areas of diet, physical activity, sleeping habits, stress, alcohol and tobacco use. The company was incorporated in 2017 and is based in Stockholm, Sweden.

Omocom

Seed Round in 2020
Omocom offers safe, simple and secure insurance for all kind of renting, sharing and re-using, digitally, automated and integrated into the sales flow of the platform

Hackyourcloset.com

Pre Seed Round in 2020
Hackyourcloset.com was founded in 2019 to reduce and prevent waste in the apparel industry. Our subscription service is the first of its kind offering access to a closet on rotation. For as little as 279 SEK/month (28€) you can receive 4 pieces of clothing every month that we picked based on your measurements and style preferences. All items are rescued and taken out of the waste stream, from pre-loved to leftover goods. Wear more, spend less, and save the planet.

Mynt

Series A in 2019
Mynt AB is a Swedish company established in 2017 that specializes in providing digital financial services aimed at small and medium-sized enterprises. The company offers a range of financing options, including lines of credit, business loans, invoice financing, discounting, and factoring. Mynt utilizes a fully digital application platform to streamline the financing process, emphasizing a data-driven approach to credit scoring to offer improved financing terms for its clients. This focus on efficiency and accessibility seeks to empower small businesses with the financial resources they need to grow and thrive. Based in Stockholm, Mynt is committed to enhancing the financial landscape for small enterprises through innovative digital solutions.

Normative.io

Seed Round in 2019
Normative is the only software capable of assessing a company’s social and environmental impact automatically by analysing their purchases,using artificial intelligence combined with the world's largest sustainability research database.Their goal is to make the social and environmental cost of every purchase in their economy transparent.This will enable humanity to move towards achieving the Sustainable Development Goals together.

Hiber

Seed Round in 2019
Hiber AB provides a browser-based game creation and social gaming platform. It allows users to design own games without the need to code and play the games created by other users on the Web browser, mobiles, tablets, and personal computers. Hiber AB was founded in 2017 and is based in Gothenburg, Sweden.

Greenely

Seed Round in 2019
Greenely AB, based in Stockholm, Sweden, develops a next-generation home energy application designed to enhance electricity consumption awareness and provide savings tips. The app enables over 150,000 users to connect, control, and optimize their energy usage, facilitating a shift towards zero-emission communities. By leveraging technology, Greenely aims to improve the experience of modern energy consumers, allowing households to manage their electricity consumption efficiently. This initiative fosters a global community of informed energy users, promoting self-sustainable practices while optimizing energy demand and supply.

Petbuddy Group

Seed Round in 2019
Petbuddy Group is a D2C pet care group of sustainable brands with the mission to do good for pets, pet parents and the planet. Our brand Buddy Pet Foods offers tailored subscriptions of natural- high quality dog food. In Sep 2020 we also launched Rockybox, a curated dog treat subscription box. We have invested heavy into our ecommerce/subscription platform and will over the next 5 years launch 5 to 7 more sustainable pet care brands based on data and trends. One customer group, one platform, many brands = strong value creation. Based out of Sweden we're experiencing strong growth and are seeking 5 MEUR to further scale PBG and it's brand offerings to new EU markets in 2021.

Insurello

Venture Round in 2019
Insurello AB develops an online insurance claim and settlement platform. The company offers an online platform, Insurello, which provides insurance compensation analysis and management for accidents, healthcare, damages, and medical disabilities. The company was incorporated in 2016 and is based in Stockholm, Sweden.

Open Payments

Seed Round in 2019
Open Payments Europe AB is a company that specializes in developing an open banking platform designed to facilitate account-to-account payments and retrieve account information and transaction history through a single API. This service is provided on behalf of third-party providers, contingent upon the consent of the end customers. Established in 2017 and headquartered in Stockholm, Sweden, the company serves a range of clients, including third-party application providers, merchants, and businesses, by offering a PSD2 compliant API aggregation platform. This infrastructure enables secure access to various bank API networks across Europe, promoting successful open banking practices.

BYON8

Venture Round in 2019
BYON8 Corporation was founded in the fall of 2015 in Linkoping, Sweden. It was co-founded by Josef and Matias Murad in an attempt to revitalize the health care industry through digital solutions. Ever since its inception BYON8 has grown with an incredible pace, starting with only 3 dedicated developers the team has now grown to over 33 members in just a year and the team is still growing! The concept of BYON8 and the company vision was already established several years before concretization in 2015. All ideas need financial backup and it all started with Josefs and Matias idea regarding a medical A.I (AITOPYA) being pitched at Liu Innovations offices at Mjardevi Center. Liu Innovation and the university has been a steady supporter ever since and Liu Holdings have joined in. Because of its short history BYON8 is understandably still in its start-up phase but it is now actively seeking further financial support through venture capitalists and viable partners. In a world where everything is fast paced and ever-changing, health care can't be an exception. They aim to bring the best health care to wherever, whenever or whoever demands it!

Mindler

Venture Round in 2018
Mindler AB is a telemedicine company based in Stockholm, Sweden, founded in 2017. It offers a digital platform that allows users to book appointments with certified psychologists and psychotherapists for mental health assessment, investigation, and treatment. The service aims to make mental health support accessible to everyone, regardless of geographical location or personal circumstances. By leveraging digital technology and professional psychological expertise, Mindler facilitates hassle-free online consultations, helping individuals navigate periods of mental distress, such as stress and anxiety. The company's vision centers on providing equal opportunities for mental health care, ensuring that effective treatment is within reach for all.

&frankly

Venture Round in 2018
&frankly provides insight to a company's employee engagement and an agile approach to change instead of death by surveys and analysis.

Heja

Seed Round in 2018
Heja is only app you need to easily handle communication between coaches, managers, parents and players. At Heja, we're on a mission to champion the positive impact sport plays in the lives of children and youths: encouraging healthy lifestyles, growing children into leaders and acting as a bridge between cultures. Heja - our free-for-all team app - is just our first contribution to that cause.

Insurello

Venture Round in 2018
Insurello AB develops an online insurance claim and settlement platform. The company offers an online platform, Insurello, which provides insurance compensation analysis and management for accidents, healthcare, damages, and medical disabilities. The company was incorporated in 2016 and is based in Stockholm, Sweden.

Albacross

Seed Round in 2018
Albacross Nordic AB, founded in 2013 and based in Stockholm, Sweden, specializes in a business-to-business platform aimed at enhancing lead generation and advertising efficacy. The platform offers services such as customer relationship management integration, flexible filtering, and detailed company insights. It also features account-based marketing tools that facilitate personalized advertising to specific organizations, thereby improving the return on investment for marketing campaigns. By employing advanced tracking technologies, Albacross enables clients to identify and engage key accounts effectively, maximizing the impact of their marketing strategies.

Instabridge

Venture Round in 2018
Instabridge AB is a Stockholm-based company founded in 2012 that develops a mobile application designed to facilitate the sharing and discovery of Wi-Fi networks. Initially created to allow users to share their home Wi-Fi with friends on Facebook, the app has evolved into a broader platform focused on building a global Wi-Fi sharing community, particularly in developing markets like Brazil and Mexico, where cellular data costs are high. The Instabridge application enables users to share Wi-Fi network details without revealing passwords, creating a crowdsourced database of Wi-Fi hotspots. This includes both user-shared networks and known public venues with free Wi-Fi, such as McDonald's and Starbucks, enhancing accessibility for users in urban environments.