SEB Venture Capital

SEB Venture Capital is the venture capital arm of SEB, founded by the Wallenberg family in 1856. They invest venture capital and add competence to and provide a network for companies with substantial growth potential. Their focus is on Technology and FinTech in particular, with the following principal characteristics: * Products or services which offer competitive advantages that are sustainable over time. * The entrepreneur is expected to be a shareholder in the company and to have relevant industry experience. Team is crucial! * The company has a significant growth potential and scalable business model. * Investments in the Nordics and Baltics primarily, but also UK and Germany ad-hoc SEB Venture Capital operates on an independent basis. It has its own board of directors and an extensive, in depth contact network within many industries, primarily within technology and life science due to these investment focuses since the start, both domestically and internationally. SEB Venture Capital is an evergreen fund and has made over 100 investments since its inception in 1995. Of these approx. 70 have been exited to blue chip acquirers like Microsoft, AstraZeneca, Cisco, Intel, J&J, Motorola and Nortel. SEB Venture Capital is actively looking for new investment opportunities as well as acquisition targets for its portfolio companies. Investment size up to 20 MUSD during their holding period, active ownership through the board and minority holdings only.

Fredrik Ljungblad

Investment Manager

Michael Sparring

Investment Manager

Johan Wolf

Head of SEB Venture Capital

59 past transactions

Lysa

Venture Round in 2022
Lysa is a digital portfolio management service based in Stockholm, Sweden, that offers automated investment solutions to facilitate smart savings. The platform enables users to invest using strategies inspired by Nobel Prize-winning financial theories. By simplifying the investment process, Lysa aims to make it easier for individuals to manage their savings effectively and achieve their financial goals.

Cardlay

Venture Round in 2022
Cardlay A/S develops and delivers a software that provides digital white label solutions. Its focuses on corporate banks and card issuers to help their customers automate company operations. The company’s software and applications develops transaction data by leveraging the integration between credit cards, travel expense management, and EU-VAT reclaim. Cardlay A/S was founded in 2016 and is based in Odense, Denmark.

roaring.io

Venture Round in 2021
Roaring Apps AB operates a sales and lead management platform aimed at enhancing customer relations for companies in Europe and the United States. Founded in 2016 and based in Stockholm, Sweden, the company provides Sales Joe, a tool designed for lead generation. Roaring Apps focuses on automating and digitizing manual processes through its API services, web solutions, and plugins, enabling businesses to streamline their operations. The platform facilitates smooth onboarding, efficient Know Your Customer (KYC) controls, and access to updated customer data, all of which contribute to helping users find new customers and close deals more efficiently.

Contour

Series A in 2021
Contour is building the world’s open trade finance network. By focusing on collaboration and leveraging new technologies we are dissolving the barriers to seamless trade. Our networks of banks, corporates, services and partnerships enable the instant flow of trusted data across the world’s trade routes and current fragmented ecosystems.

CorPower Ocean

Venture Round in 2021
CorPower Ocean AB, founded in 2009 and headquartered in Hägersten, Sweden, specializes in the development of high-efficiency wave energy converters (WECs). These innovative devices, designed to harness energy from ocean waves, utilize a heaving buoy that captures energy from both surge and heave motions. The buoy is connected to the seabed with a taut mooring line, featuring a pneumatic pre-tension module that enhances stability and efficiency. CorPower's WECs are noted for delivering five times higher annual energy output per ton compared to earlier wave power technologies, making them competitive with offshore wind in terms of cost-effectiveness. The company is currently testing its products in collaboration with Iberdrola and boasts a team with substantial expertise in energy generation, design, and system engineering. CorPower Ocean aims to contribute to the transition towards zero-carbon energy by providing a reliable and economical source of electricity derived from ocean waves.

EnginZyme

Series A in 2021
EnginZyme AB is a biotechnology company based in Stockholm, Sweden, founded in 2014. It specializes in biocatalysis and offers a cell-free synthetic biology platform that aims to provide sustainable alternatives to traditional fossil-based materials such as plastics, nylons, and rubbers. EnginZyme's technology facilitates the use of enzymes in standard chemical processing equipment, allowing for efficient and cost-effective biomanufacturing at an industrial scale. The company's mission is to promote the adoption of biocatalysis as a primary method for chemical process design, thereby supporting the transition of the chemical industry towards more sustainable practices. EnginZyme serves various sectors, including pharmaceuticals, food, chemicals, and flavors and fragrances.

Capcito

Venture Round in 2019
Capcito Finance AB operates an online platform designed to provide working capital solutions to small and medium-sized enterprises (SMEs). Founded in 2014 and based in Stockholm, Sweden, Capcito integrates with cloud-based accounting systems to offer automated credit assessments and lending services. By utilizing invoices as collateral, the platform allows businesses to access funding for growth and operational needs through products such as invoice discounting, factoring, and business loans. Capcito's technology performs real-time evaluations of customer data, enabling a more accurate assessment of a company's current financial status rather than relying on outdated financial statements. This innovative approach simplifies the borrowing process for business owners while enhancing the value for financial system vendors and accounting agencies.

Apica

Series D in 2018
Apica provides the most effective technology for optimizing the performance of cloud and mobile applications. The Apica WebExcellence Suite offers companies and developers alike easy-to-use, cloud-based load testing and web performance monitoring tools to test applications for maximum capacity, daily performance, improved load times, and protection from peak load.

Cardlay

Series A in 2018
Cardlay A/S develops and delivers a software that provides digital white label solutions. Its focuses on corporate banks and card issuers to help their customers automate company operations. The company’s software and applications develops transaction data by leveraging the integration between credit cards, travel expense management, and EU-VAT reclaim. Cardlay A/S was founded in 2016 and is based in Odense, Denmark.

Coinify

Series A in 2017
Coinify ApS is a global virtual currency platform based in Herlev, Denmark, that facilitates the conversion between virtual currencies and traditional fiat currencies for businesses and individuals. Established in 2014, the company offers a range of services, including blockchain currency trading and payment processing. Users can buy and sell virtual currencies, while corporate clients can engage in over-the-counter trading and merchants can accept payments in 15 different currencies, receiving payouts in fiat. Coinify provides a white-label solution for wallets to enable in-wallet trading and has a comprehensive payment suite tailored for online merchants and payment service providers. The company's team possesses extensive experience in payments, finance, and compliance, and it collaborates closely with regulatory bodies to ensure adherence to industry standards. Coinify has received multiple accolades for its contributions to the fintech sector, including recognition as a leading blockchain financial service provider.

Capcito

Venture Round in 2017
Capcito Finance AB operates an online platform designed to provide working capital solutions to small and medium-sized enterprises (SMEs). Founded in 2014 and based in Stockholm, Sweden, Capcito integrates with cloud-based accounting systems to offer automated credit assessments and lending services. By utilizing invoices as collateral, the platform allows businesses to access funding for growth and operational needs through products such as invoice discounting, factoring, and business loans. Capcito's technology performs real-time evaluations of customer data, enabling a more accurate assessment of a company's current financial status rather than relying on outdated financial statements. This innovative approach simplifies the borrowing process for business owners while enhancing the value for financial system vendors and accounting agencies.

Apica

Venture Round in 2017
Apica provides the most effective technology for optimizing the performance of cloud and mobile applications. The Apica WebExcellence Suite offers companies and developers alike easy-to-use, cloud-based load testing and web performance monitoring tools to test applications for maximum capacity, daily performance, improved load times, and protection from peak load.

R3

Funding Round in 2017
R3 HoldCo LLC is an enterprise software company that specializes in blockchain technology solutions. Founded in 2015 and headquartered in New York, R3 develops Corda, an open-source distributed ledger platform designed to facilitate direct transactions between businesses using smart contracts. The company collaborates with a diverse ecosystem of over 300 members and partners from various industries, including finance, healthcare, shipping, and insurance, to enhance the functionality of Corda and its commercial counterpart, Corda Enterprise. With a global team of over 190 professionals supported by more than 2,000 experts in technology, finance, and law, R3 aims to streamline financial agreements and enable frictionless commerce across sectors. In addition to its software offerings, R3 provides training, certifications, and documentation to support users of its platform.

Leasify

Seed Round in 2016
Leasify have built a free tool where you can easily upload their lease and lease agreements to make the right decision and tips about what really makes them so expensive. Message sent when it is time to procure new equipment. In the procurement must be transparent quotes presented and established from reputable equipment suppliers that compete against each other on the buyer's conditions.

Now Interact

Series A in 2016
Now Interact Nordic AB, headquartered in Stockholm, Sweden, is a software company specializing in Predictive Intelligence applications designed to enhance online sales and customer engagement. With additional offices in London, Amsterdam, and Palo Alto, the company targets online-centric businesses and the software vendors that support them. Its primary offering, Personalized Contact Options, aims to optimize sales and improve customer experiences across both online and offline channels. The application has gained traction among customers in the Nordics, the Netherlands, the UK, Germany, and the United States. Now Interact envisions becoming an integral component of the leading personalization and engagement platforms in the market.

Coinify

Series A in 2016
Coinify ApS is a global virtual currency platform based in Herlev, Denmark, that facilitates the conversion between virtual currencies and traditional fiat currencies for businesses and individuals. Established in 2014, the company offers a range of services, including blockchain currency trading and payment processing. Users can buy and sell virtual currencies, while corporate clients can engage in over-the-counter trading and merchants can accept payments in 15 different currencies, receiving payouts in fiat. Coinify provides a white-label solution for wallets to enable in-wallet trading and has a comprehensive payment suite tailored for online merchants and payment service providers. The company's team possesses extensive experience in payments, finance, and compliance, and it collaborates closely with regulatory bodies to ensure adherence to industry standards. Coinify has received multiple accolades for its contributions to the fintech sector, including recognition as a leading blockchain financial service provider.

Tink

Series B in 2016
Tink AB, founded in 2012 and headquartered in Stockholm, Sweden, operates as a cloud-based open banking platform that enhances financial services through its infrastructure and data products. The company offers a mobile application that allows users to track personal finances, manage money across various accounts, transfer funds, pay bills, and establish personal budgets. Key features of the application include transaction categorization, spending insights, and daily analyses. Additionally, Tink provides products such as account aggregation, payment initiation, and data enrichment, which can be utilized for standalone services or integrated into existing banking applications. The company's partnerships with major financial institutions, including ABN AMRO, BNP Paribas Fortis, Nordea, Klarna, and SEB, further bolster its position in the financial technology sector.

Nomad Digital

Venture Round in 2016
Nomad Digital is a global provider of passenger and fleet management end-to-end solutions to the rail industry. It designs, builds, deploys, and manages passenger WiFi and on-board passenger infotainment systems. Nomad Digital serves more than 80 global customers in over 40 countries. It also provides remote online condition-based monitoring and maintenance solutions for optimizing fleet management, operational performance, and improving fuel economy. Founded in 2002, Nomad Digital is headquartered in Newcastle upon Tyne, United Kingdom.

Nomad Digital

Venture Round in 2016
Nomad Digital is a global provider of passenger and fleet management end-to-end solutions to the rail industry. It designs, builds, deploys, and manages passenger WiFi and on-board passenger infotainment systems. Nomad Digital serves more than 80 global customers in over 40 countries. It also provides remote online condition-based monitoring and maintenance solutions for optimizing fleet management, operational performance, and improving fuel economy. Founded in 2002, Nomad Digital is headquartered in Newcastle upon Tyne, United Kingdom.

OssDsign

Venture Round in 2015
OssDsign AB, founded in May 2011 by a team of researchers and engineers including Professor Håkan Engqvist and Dr. Thomas Engstrand, specializes in the development and global provision of advanced orthobiologics products. The company's flagship product, OssDsign Catalyst, is a bone graft designed to promote the formation of healthy bone tissue, particularly in spinal fusion surgeries. With a focus on international markets, OssDsign generates the majority of its revenue from the United States, while also operating in Germany, Sweden, the United Kingdom, and other regions worldwide. The company has cultivated a network of experts in clinical affairs, regulatory matters, and business development to support its growth and innovation.

Nomad Digital

Venture Round in 2015
Nomad Digital is a global provider of passenger and fleet management end-to-end solutions to the rail industry. It designs, builds, deploys, and manages passenger WiFi and on-board passenger infotainment systems. Nomad Digital serves more than 80 global customers in over 40 countries. It also provides remote online condition-based monitoring and maintenance solutions for optimizing fleet management, operational performance, and improving fuel economy. Founded in 2002, Nomad Digital is headquartered in Newcastle upon Tyne, United Kingdom.

Senion

Series A in 2015
Senion was founded in 2010 and is a global leader in location-responsive solutions, augmenting the mobile experience of people’s everyday life, making it more efficient and smooth. By assisting employees to find available work spaces, automate mundane tasks, and make it easier to meet up and collaborate, Senion helps corporations make better use of their spaces and increase staff productivity.

Avidicare AB

Series A in 2015
Avidicare AB is a research-based medical device company based in Lund, Sweden, focused on managing airborne bacteria and virus pollution in hospital environments. Founded in 2010, the company specializes in providing innovative solutions to enhance infection control, particularly in sensitive surgical settings. Its flagship product, Opragon, is a ventilation system designed to reduce airborne bacterial contamination in preparation rooms, operating theaters, and hybrid rooms. In addition to Opragon, Avidicare offers air curtains and external air showers to further improve air quality and safety in healthcare facilities. The company, formerly known as Airsonett Operating Room Innovation AB, rebranded in 2013 to reflect its commitment to advancing medical technology in infection-sensitive environments.

Innometrics

Series A in 2014
Innometrics AB, based in Stockholm, Sweden, specializes in customer data management through its innovative platform, Profile Cloud. Acquired by Apsis International AB in 2016, Innometrics focuses on enhancing customer engagement by providing businesses with a comprehensive tool to create real-time, actionable profiles for each customer. By integrating various sources of customer activity, existing in-house data, and online behavior, Profile Cloud enables organizations to deliver personalized experiences and optimize their marketing, sales, and customer service efforts. This platform addresses the challenges brands face in capturing and utilizing customer insights effectively, fostering meaningful engagement and improving return on investment. Innometrics is recognized as a reliable partner for many organizations seeking to build authentic consumer interactions and enhance their advertising campaigns. The company also has a presence in London, further expanding its reach and impact in the field of behavioral marketing and data management.

Airsonett

Series B in 2014
Research-based medical technology company which leads the way in the development of non-pharmaceutical treatment for allergic asthma.

ScandiNova

Convertible Note in 2014
ScandiNova Systems AB is a leading developer and manufacturer of solid-state technologies, specializing in high-power pulse generators and radio frequency systems. Founded in 2001 and headquartered in Uppsala, Sweden, the company provides innovative solutions for various applications, including scientific research, cancer treatment, industrial X-ray, cargo inspection, sterilization, and non-destructive testing. ScandiNova's product range includes klystron and magnetron systems, high voltage pulse modulators, and turn-key RF stations. With over 95% of its production exported to approximately 30 countries, the company has established a strong global presence, including collaborations with prestigious organizations like CERN and national laboratories in the U.S. ScandiNova has delivered more than 300 solid-state systems to around 70 clients, leveraging its expertise in solid-state modulator technology and a commitment to precision and customer collaboration.

InDex Pharmaceuticals

Venture Round in 2014
InDex Pharmaceuticals AB is a clinical-stage biopharmaceutical company based in Stockholm, Sweden, that focuses on developing treatments for ulcerative colitis and other immunological diseases. The company is known for its lead product, cobitolimod, which offers a local anti-inflammatory effect, aiding in mucosal healing and symptom improvement for patients with ulcerative colitis. InDex also utilizes its DNA-based ImmunoModulatory Sequences (DIMS) platform to create therapies targeting various inflammatory and oncological conditions. Additionally, the company provides DiBiCol, a diagnostic kit that identifies proprietary biomarkers for ulcerative colitis and Crohn's disease from a single colonic biopsy. Founded in 2016, InDex Pharmaceuticals operates as a subsidiary of InDex Pharmaceuticals Holding AB.

Donya Labs

Series A in 2013
Donya Labs AB, headquartered in Linkoping, Sweden, specializes in developing automatic 3D data optimization solutions for professional game developers. Founded in 2006, the company is known for its flagship product, Simplygon, which automates the optimization of 3D assets across various platforms, including PC, consoles, tablets, smartphones, and virtual and augmented reality environments. Simplygon is utilized not only in the gaming industry but also by companies involved in animation, computer-aided design (CAD), and film, catering to clients both in Sweden and internationally. As of 2017, Donya Labs operates as a subsidiary of Microsoft Corporation.

SciBase

Seed Round in 2013
SciBase Holding AB is a medical technology company based in Stockholm, Sweden, founded in 1998. The company specializes in the development and sale of devices for detecting skin cancer and other skin conditions. Its primary product, Nevisense, is a point-of-care device that utilizes Electrical Impedance Spectroscopy (EIS) to assess the electrical properties of human tissue, enabling the accurate detection of malignant melanoma. Nevisense is notable for being the only FDA-approved device for melanoma detection and the only MDR-approved technology for skin cancer detection in Europe. SciBase's offerings also include Nevisense Go and address additional areas such as non-melanoma skin cancer detection and skin barrier assessment. The company serves a range of customers, including public hospitals and private dermatology clinics, and has formed collaborative relationships with research institutions to enhance its technological and clinical development.

Actiwave

Venture Round in 2012
Actiwave is a spin-off from Linköping Technical University (LiU), working closely together with research groups both within LiU and abroad. This ensures that they stay in the lead when it comes to DSP optimized audio systems. Their focus is to bring the latest research in acoustics, signal processing and digital audio to the modern home.

Apica

Series C in 2012
Apica provides the most effective technology for optimizing the performance of cloud and mobile applications. The Apica WebExcellence Suite offers companies and developers alike easy-to-use, cloud-based load testing and web performance monitoring tools to test applications for maximum capacity, daily performance, improved load times, and protection from peak load.

Nuevolution

Venture Round in 2012
Nuevolution A/S is a biopharmaceutical company based in Copenhagen, Denmark, founded in 2001. The company specializes in developing drug treatments for oncology and chronic inflammatory diseases. Nuevolution has created Chemetics®, an innovative drug discovery platform that combines wet chemistry and molecular biology to facilitate the rapid synthesis and screening of over one billion small molecule compounds. This technology allows for the efficient identification of potent drug candidates. The company's pipeline includes several programs such as ROR?t inhibitors and IL-17A inhibitors aimed at treating various diseases. Nuevolution collaborates with major pharmaceutical and biotechnology companies, entering into agreements with firms like Amgen and GlaxoSmithKline. Additionally, the company engages in contract research services, contributing to its revenue generation across multiple markets including Denmark, Sweden, and the USA. As a privately owned entity, Nuevolution is supported by key Scandinavian investors.

Clavister

Venture Round in 2012
Clavister is one of Europe’s leading cybersecurity vendors, headquartered in Sweden, with over 20 years of experience. It has customers — communication service providers, governments, enterprises and managed security service providers (MSSP)—in over 150 countries and it provides unique security solutions in order for them to protect their digital assets and secure business continuity. The Clavister portfolio ranges from Identity Access Management (IAM) solutions and end-point to security software to network security products—both physical and virtualized for the cloud. The company is listed on the Swedish stock exchange Nasdaq First North under the ticker symbol CLAV.

Nomad Digital

Venture Round in 2011
Nomad Digital is a global provider of passenger and fleet management end-to-end solutions to the rail industry. It designs, builds, deploys, and manages passenger WiFi and on-board passenger infotainment systems. Nomad Digital serves more than 80 global customers in over 40 countries. It also provides remote online condition-based monitoring and maintenance solutions for optimizing fleet management, operational performance, and improving fuel economy. Founded in 2002, Nomad Digital is headquartered in Newcastle upon Tyne, United Kingdom.

Tail-f Systems

Series B in 2011
Tail-f Systems is the leading provider of configuration management and network automation software. Network Equipment Providers use Tail-f software to build on-device management systems and EMS/NMS platforms in less time and with differentiated capabilities. Service Providers use Tail-f software to quickly build scalable, agile management systems and benefit by bringing network services to market faster and more reliably. Tail-f Systems, a Red Herring Top 100 company, is headquartered in Stockholm, Sweden.

TSS

Venture Round in 2011
TSS help you transform drug distribution across your supply chain. Their world-leading cloud temperature management solution is designed with pharmaceutical companies for pharmaceutical companies. With their advanced analytics tools, you can meet regulatory compliance, identify lean and sustainable initiatives in the supply chain, and ultimately deliver drugs safely.

Actiwave

Venture Round in 2011
Actiwave is a spin-off from Linköping Technical University (LiU), working closely together with research groups both within LiU and abroad. This ensures that they stay in the lead when it comes to DSP optimized audio systems. Their focus is to bring the latest research in acoustics, signal processing and digital audio to the modern home.

CAPRES A/S

Series B in 2011
CAPRES A/S specializes in the development of advanced technology for the direct electrical characterization of materials at the nano- and micro-scale. The company provides a range of metrology tools, including microscopic point probes for micro-scale electrical testing primarily in the thin film and semiconductor sectors. Its offerings include the CIPTech tool, which measures electrical parameters of magnetic tunnel junctions, and the microRSP tool that assesses electrical variations in ultra-shallow junctions. Additionally, CAPRES A/S has developed a scanning electroscopy microscopy module for micro- and nanoscale conductivity measurements across various materials and devices. Founded in 1999 and headquartered in Kongens Lyngby, Denmark, the company also has locations in York, Maine; Tokyo, Japan; Gyeonggi-Do, South Korea; Hsinchu, Taiwan; and Singapore. CAPRES A/S operates as a subsidiary of KLA Corporation.

MobileTag

Venture Round in 2011
Mobile Tag, the European leader in mobile barcode solutions, continues to innovate with the launch of its latest application: mobiletag Universal Reader and shopping. Mobile Tag is behind the creation of the flashcode, the standard 2D barcode used by operators in France. This type of Datamatrix barcode is used by the biggest companies in display, transportation, distribution, the pharmaceutical industry, and more. Mobile Tag has always tried to develop new technology from the consumer's point of view, and the mobiletag Universal Reader & shopping is no exception. The concept behind this application is to send, receive and share information and best prices to everyone and for everyone through all standardized barcodes. Scanning a barcode with your mobile phone is simply taking a picture of it with your phone, using the mobiletag application. Mobile tag is free!

InDex Pharmaceuticals

Private Equity Round in 2011
InDex Pharmaceuticals AB is a clinical-stage biopharmaceutical company based in Stockholm, Sweden, that focuses on developing treatments for ulcerative colitis and other immunological diseases. The company is known for its lead product, cobitolimod, which offers a local anti-inflammatory effect, aiding in mucosal healing and symptom improvement for patients with ulcerative colitis. InDex also utilizes its DNA-based ImmunoModulatory Sequences (DIMS) platform to create therapies targeting various inflammatory and oncological conditions. Additionally, the company provides DiBiCol, a diagnostic kit that identifies proprietary biomarkers for ulcerative colitis and Crohn's disease from a single colonic biopsy. Founded in 2016, InDex Pharmaceuticals operates as a subsidiary of InDex Pharmaceuticals Holding AB.

Coresonic

Venture Round in 2010
Coresonic AB specializes in the development of digital signal processor (DSP) technology tailored for the wireless industry, focusing on baseband applications. Founded in 2004, the company emerged from a three-year research initiative at Linköping University in Sweden, recognized for its expertise in computer science. The founders, including notable professors and researchers, aimed to address the market's demand for a DSP architecture that is efficient, fully programmable, and scalable, while avoiding the complexity and high power consumption associated with traditional VLIW DSPs. Coresonic offers a unique single instruction-flow multiple tasks (SIMT) DSP and provides a comprehensive developer studio that includes tools for coding, debugging, and profiling firmware in C++ or assembler, thereby supporting developers throughout the entire development process. The company was further strengthened in 2009 with the addition of Johan Lodenius, who brought extensive experience in management and international marketing within the wireless and semiconductor sectors.

Zinwave

Funding Round in 2010
Zinwave specializes in the development of a Wideband Active Distributed Antenna System (DAS) that enhances indoor wireless connectivity. Founded through a quest for improved wireless solutions rather than a conventional business opportunity, the company emerged from the research of leading academic minds who sought better methods for transmitting radio frequencies indoors. Since the introduction of its first commercial product in 2008, Zinwave has successfully installed its distributed antenna systems across various sectors, including commercial real estate, healthcare, hospitality, education, and public venues. The company's patented ultra-wideband radio frequency fiber solutions are designed to optimize connectivity for mobile network operators, integrators, and end users. Zinwave is committed to not only meeting but exceeding customer needs through innovative and effective solutions.

Fältcommunications AB

Venture Round in 2009
Fält Communications AB, founded in 1998 and based in Umeå, Sweden, specializes in Internet of Things (IoT) solutions for both domestic and international markets. The company offers the MIIPS Open IoT Platform, which includes a mobile IP server, cloud servers, and a control portal designed to monitor and manage machines, buildings, and systems via the Internet. Fält Communications provides a range of applications in public transportation, vehicles, and building ecosystems, encompassing features such as asset management, surveillance, driver safety, and eco-driving solutions. With nearly 150,000 installations primarily in Europe, as well as in the US and Asia, the company is recognized for its market-leading mobile platforms, particularly in buses, and for its involvement in enhancing public safety through technologies used in speed cameras and lift alarm systems. As of February 2017, Fält Communications operates as a subsidiary of Telia Company AB.

Nomad Digital

Venture Round in 2008
Nomad Digital is a global provider of passenger and fleet management end-to-end solutions to the rail industry. It designs, builds, deploys, and manages passenger WiFi and on-board passenger infotainment systems. Nomad Digital serves more than 80 global customers in over 40 countries. It also provides remote online condition-based monitoring and maintenance solutions for optimizing fleet management, operational performance, and improving fuel economy. Founded in 2002, Nomad Digital is headquartered in Newcastle upon Tyne, United Kingdom.

ShoZu

Series C in 2008
ShoZu is the provider of mobile social media services that connect mobile consumers with their online social networks, personal blogs, photo storage sites and other Web 2.0 properties from the handset. The company’s patented technology provides fast, easy, one-click uploads of photos and video clips from the mobile to the Web, full-resolution photo and video delivery without compression, an emerging suite of services that push content to the phone, the ability to work in the background even if a connection is dropped, and other unique features that simplify and enhance the user experience, plus a mobile advertising service that provides non-intrusive and behaviorally targeted ad delivery.

ShoZu

Venture Round in 2007
ShoZu is the provider of mobile social media services that connect mobile consumers with their online social networks, personal blogs, photo storage sites and other Web 2.0 properties from the handset. The company’s patented technology provides fast, easy, one-click uploads of photos and video clips from the mobile to the Web, full-resolution photo and video delivery without compression, an emerging suite of services that push content to the phone, the ability to work in the background even if a connection is dropped, and other unique features that simplify and enhance the user experience, plus a mobile advertising service that provides non-intrusive and behaviorally targeted ad delivery.

ScandiNova

Series A in 2007
ScandiNova Systems AB is a leading developer and manufacturer of solid-state technologies, specializing in high-power pulse generators and radio frequency systems. Founded in 2001 and headquartered in Uppsala, Sweden, the company provides innovative solutions for various applications, including scientific research, cancer treatment, industrial X-ray, cargo inspection, sterilization, and non-destructive testing. ScandiNova's product range includes klystron and magnetron systems, high voltage pulse modulators, and turn-key RF stations. With over 95% of its production exported to approximately 30 countries, the company has established a strong global presence, including collaborations with prestigious organizations like CERN and national laboratories in the U.S. ScandiNova has delivered more than 300 solid-state systems to around 70 clients, leveraging its expertise in solid-state modulator technology and a commitment to precision and customer collaboration.

Information Mosaic

Venture Round in 2007
Information Mosaic, is a software provider for corporate actions and post trade securities processing.
Signal Processing Devices Sweden AB provider signal processing solutions for analog-to-digital conversion. It offers IP for parallelization of ADCs, digitizers with USB and PXI express interfaces, and data acquisition solutions; and data acquisition cards for demanding measurement applications. The company also provides data capture software for the configuration and operation of the ADQ series data acquisition cards; and ADCapture Lab, which calculates performance parameters, such as SNR and harmonic levels. In addition, it offers digital IP blocks for FPGA and ASIC technologies. The company’ products are used in wireless communication, software-defined radio, medical imaging, measurement and instrumentation, radio base stations, data acquisition, radar, sonar and LIDAR, and electronic warfare solutions applications. Signal Processing Devices Sweden AB was founded in 2004 and is based in Linköping, Sweden.

Information Mosaic

Venture Round in 2007
Information Mosaic, is a software provider for corporate actions and post trade securities processing.

ScandiNova

Series A in 2006
ScandiNova Systems AB is a leading developer and manufacturer of solid-state technologies, specializing in high-power pulse generators and radio frequency systems. Founded in 2001 and headquartered in Uppsala, Sweden, the company provides innovative solutions for various applications, including scientific research, cancer treatment, industrial X-ray, cargo inspection, sterilization, and non-destructive testing. ScandiNova's product range includes klystron and magnetron systems, high voltage pulse modulators, and turn-key RF stations. With over 95% of its production exported to approximately 30 countries, the company has established a strong global presence, including collaborations with prestigious organizations like CERN and national laboratories in the U.S. ScandiNova has delivered more than 300 solid-state systems to around 70 clients, leveraging its expertise in solid-state modulator technology and a commitment to precision and customer collaboration.

Ascade

Venture Round in 2006
Ascade AB is a telecom software company that specializes in providing business operations systems designed to manage and optimize decisions and operations within the telecommunications sector. Its primary products include the Carrier Cockpit Suite, a modular web-based solution that supports the entire supply chain of trading and exchanging voice traffic between telecom operators. This suite features various components such as Carrier Cockpit Billing for generating statements and reconciling invoices, Carrier Cockpit Routing for automating routing processes, and Carrier Cockpit Trading, which offers insights into costs and margins. Additionally, the suite includes interconnect solutions and services such as implementation, training, and maintenance. Ascade also offers Mobile Cockpit, which provides mobile operators with essential tools for routing, inter-operator billing, and operational control over traffic quality. Founded in 1997 and headquartered in Stockholm, Sweden, with an office in Singapore, Ascade serves a range of clients, including wireline and wireless telecom operators, mobile operators, and alternative carriers, supported by teams across Europe, Asia, and the Americas.

ZealCore Embedded Solutions

Venture Round in 2006
ZealCore Embedded Solutions AB specializes in developing technologies for the diagnostics and maintenance of software control systems. Based in Västervik, Sweden, the company offers a range of products, including the System Debugger, which streamlines the analysis of logs throughout various stages of software development and operation. This tool allows users to create projects and logsets to identify bugs effectively and facilitates data post-processing through filtering and search capabilities. Additionally, ZealCore provides the Model Replay Debugger for recording and analyzing UML model behaviors and the System Recorder, a blackbox solution for system monitoring. The company's offerings also include troubleshooting products for failure diagnostics, behavior analysis, and visualization, aimed primarily at tool vendors and solution providers. Established in 2001, ZealCore enhances the ability of users to visualize, analyze, and automate the bug-locating process within commissioned systems.

Tail-f Systems

Series A in 2005
Tail-f Systems is the leading provider of configuration management and network automation software. Network Equipment Providers use Tail-f software to build on-device management systems and EMS/NMS platforms in less time and with differentiated capabilities. Service Providers use Tail-f software to quickly build scalable, agile management systems and benefit by bringing network services to market faster and more reliably. Tail-f Systems, a Red Herring Top 100 company, is headquartered in Stockholm, Sweden.

ScandiNova

Series A in 2005
ScandiNova Systems AB is a leading developer and manufacturer of solid-state technologies, specializing in high-power pulse generators and radio frequency systems. Founded in 2001 and headquartered in Uppsala, Sweden, the company provides innovative solutions for various applications, including scientific research, cancer treatment, industrial X-ray, cargo inspection, sterilization, and non-destructive testing. ScandiNova's product range includes klystron and magnetron systems, high voltage pulse modulators, and turn-key RF stations. With over 95% of its production exported to approximately 30 countries, the company has established a strong global presence, including collaborations with prestigious organizations like CERN and national laboratories in the U.S. ScandiNova has delivered more than 300 solid-state systems to around 70 clients, leveraging its expertise in solid-state modulator technology and a commitment to precision and customer collaboration.

ShoZu

Series B in 2005
ShoZu is the provider of mobile social media services that connect mobile consumers with their online social networks, personal blogs, photo storage sites and other Web 2.0 properties from the handset. The company’s patented technology provides fast, easy, one-click uploads of photos and video clips from the mobile to the Web, full-resolution photo and video delivery without compression, an emerging suite of services that push content to the phone, the ability to work in the background even if a connection is dropped, and other unique features that simplify and enhance the user experience, plus a mobile advertising service that provides non-intrusive and behaviorally targeted ad delivery.

Information Mosaic

Series B in 2004
Information Mosaic, is a software provider for corporate actions and post trade securities processing.

Nuevolution

Series B in 2003
Nuevolution A/S is a biopharmaceutical company based in Copenhagen, Denmark, founded in 2001. The company specializes in developing drug treatments for oncology and chronic inflammatory diseases. Nuevolution has created Chemetics®, an innovative drug discovery platform that combines wet chemistry and molecular biology to facilitate the rapid synthesis and screening of over one billion small molecule compounds. This technology allows for the efficient identification of potent drug candidates. The company's pipeline includes several programs such as ROR?t inhibitors and IL-17A inhibitors aimed at treating various diseases. Nuevolution collaborates with major pharmaceutical and biotechnology companies, entering into agreements with firms like Amgen and GlaxoSmithKline. Additionally, the company engages in contract research services, contributing to its revenue generation across multiple markets including Denmark, Sweden, and the USA. As a privately owned entity, Nuevolution is supported by key Scandinavian investors.

Direct Conversion

Venture Round in 2002
Direct Conversion AB specializes in the research, development, manufacturing, and marketing of advanced X-ray imaging sensors that utilize photon counting and hybridized semiconductor technology. Its products cater to various sectors, including dental, medical, welding, food, security, and industrial applications. The company offers a range of photon counting products under the XCounter brand, including the XC-Hydra, XC-Thor, XC-TDI, and XC-Actaeon series. Additionally, it provides charge integrating detectors under the AJAT brand, featuring models such as SNAP 225 and ARISTO. Direct Conversion also develops cadmium telluride direct conversion detectors. Founded in 1997 and headquartered in Danderyd, Sweden, the company operates additional offices in London, Espoo, and Munich. In December 2016, it changed its name from XCounter AB to Direct Conversion AB and is currently a subsidiary of Varex Imaging Corporation.
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