SEB Venture Capital

SEB Venture Capital is the corporate venture capital arm of a Swedish financial services group. It invests in fintech and related technologies, acting as a strategic partner to entrepreneurs and the parent company. The focus is on innovative solutions that improve the financial industry's efficiency, safety, and user experience, with an evergreen structure that supports long-term value creation for the firm and its stakeholders.

Magnus Ramström

Investment Director and Investment Committee Member

Daniel Sjöstrand

Investment Analyst

Michael Sparring

Investment Manager

Anders Jöngard

Investment Director and Investment Committee Member

89 past transactions

Candela

Series C in 2024
Candela designs and manufactures electric hydrofoil vessels for marine transportation. Its innovative technology combines submerged hydrofoils with advanced flight control systems and all-electric propulsion, offering silent, efficient, and comfortable travel while reducing journey times compared to traditional ships.

Talurit

Acquisition in 2024
Talurit is a manufacturing company that specializes in producing mechanical splicing systems for wire rope end terminations and handling. Their product portfolio includes swaggers, cutting machines, ferrules and fittings, wire rope handling equipment, and resting machines, catering to diverse customer needs.

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.

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.

ClimateView

Series A in 2023
Founded in Stockholm, Sweden in 2017, ClimateView develops a SaaS platform empowering public sector entities to make data-driven climate transition decisions. Its software collects and organizes climate data, enabling systematic modeling of political, economic, and energy shifts across cities, regions, and nations.

Qvantum

Series B in 2023
Qvantum is a supplier of innovative and efficient energy solutions, specializing in the manufacturing of heat pump products aimed at decarbonizing the heating and cooling market. The company offers a range of heat pumps, including water-to-water, air-to-water, and exhaust air models. These products incorporate advanced features such as noise reduction, inverter technology, thermal storage, and indoor compression, allowing Qvantum to provide effective and sustainable heating and cooling solutions to its customers.

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.

Motatos

Series D in 2022
Motatos GmbH is an online retailer based in Berlin, Germany, specializing in the sale of long-life household goods. Founded in 2014, the company offers a wide range of products including pantry items, coffee, tea, beverages, snacks, cookies, cakes, sauces, toiletries, and pet food. By sourcing surplus inventory from large producers, Motatos provides consumers with discounted prices while simultaneously addressing the issue of food waste. The company's approach helps to minimize the amount of surplus food that ends up in landfills, making it a socially responsible option for consumers seeking both value and sustainability.

Worldfavor

Series A in 2022
Worldfavor is a developer of a sustainability information platform that facilitates the sharing and acquisition of sustainability data among businesses worldwide. The platform enables organizations to connect and exchange information related to economic, environmental, and social sustainability, allowing them to manage, visualize, and enhance their sustainability performance in a secure and collaborative environment. By providing a comprehensive solution that consolidates various sustainability and compliance needs, Worldfavor helps businesses move away from cumbersome spreadsheets and costly software. Its vision is to establish a global standard for accessing and managing sustainability data, creating a centralized resource for informed decision-making across value chains.

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.

Lysa

Venture Round in 2022
Lysa is a Stockholm-based automated investment service that simplifies smart savings. It offers digital portfolio management services, providing automatic fund selection based on individual risk profiles and producing tailored investment proposals.

Leneo

Seed Round in 2022
Leneo is a Danish company established in 2016, focused on transforming industries through innovative recurring business models that promote growth and sustainability. The firm develops product-as-a-service software aimed at companies seeking to implement user-centric business models. This technology enables manufacturing firms to transition from traditional sales of machinery and equipment to offering these products as services through leasing, rental, or subscription models. Leneo has experienced significant growth since its inception, expanding its operations to include offices in Stockholm and Helsinki. With a commitment to advancing knowledge and capabilities across various business sectors, Leneo plays a vital role in guiding organizations toward the future of sustainable business practices.

Cardlay

Venture Round in 2022
Cardlay streamlines global payment card issuance, management, and expense tracking via a single platform. It enables real-time transactions, virtual account functionality, and automated VAT reclaim, benefiting businesses by enhancing efficiency and providing immediate economic benefits.

Matsmart

Venture Round in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products at discounted prices. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company addresses the issue of food waste by offering items that may otherwise be discarded due to packaging changes, approaching expiration dates, or other factors. Matsmart has successfully expanded its operations to Norway and Finland, achieving significant growth in the process, with recurring revenues reaching SEK 200 million. In 2017 alone, the company managed to save 2,022 tonnes of food from being wasted, providing suppliers with a viable outlet for their surplus inventory while promoting sustainability in the grocery sector.

Matsmart

Series C in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products at discounted prices. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company addresses the issue of food waste by offering items that may otherwise be discarded due to packaging changes, approaching expiration dates, or other factors. Matsmart has successfully expanded its operations to Norway and Finland, achieving significant growth in the process, with recurring revenues reaching SEK 200 million. In 2017 alone, the company managed to save 2,022 tonnes of food from being wasted, providing suppliers with a viable outlet for their surplus inventory while promoting sustainability in the grocery sector.

Roaring

Venture Round in 2021
We create automated solutions that simplifies your daily business processes, enabling you to work smarter and stay competitive.

ClimateView

Series A in 2021
Founded in Stockholm, Sweden in 2017, ClimateView develops a SaaS platform empowering public sector entities to make data-driven climate transition decisions. Its software collects and organizes climate data, enabling systematic modeling of political, economic, and energy shifts across cities, regions, and nations.

Contour

Series A in 2021
Contour is developing a decentralized trade finance network aimed at simplifying collaboration within the global trade ecosystem. By utilizing advanced technologies, the company seeks to eliminate barriers that hinder seamless trade, facilitating the instant flow of trusted data among banks, corporations, and various service providers. Contour's platform integrates with leading digital document systems and other digital networks, promoting a frictionless exchange of information across fragmented trade routes. This innovative approach enhances efficiency and transparency in trade finance, ultimately supporting a more interconnected global market.

Motatos

Venture Round in 2021
Motatos GmbH is an online retailer based in Berlin, Germany, specializing in the sale of long-life household goods. Founded in 2014, the company offers a wide range of products including pantry items, coffee, tea, beverages, snacks, cookies, cakes, sauces, toiletries, and pet food. By sourcing surplus inventory from large producers, Motatos provides consumers with discounted prices while simultaneously addressing the issue of food waste. The company's approach helps to minimize the amount of surplus food that ends up in landfills, making it a socially responsible option for consumers seeking both value and sustainability.

Matsmart

Funding Round in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products at discounted prices. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company addresses the issue of food waste by offering items that may otherwise be discarded due to packaging changes, approaching expiration dates, or other factors. Matsmart has successfully expanded its operations to Norway and Finland, achieving significant growth in the process, with recurring revenues reaching SEK 200 million. In 2017 alone, the company managed to save 2,022 tonnes of food from being wasted, providing suppliers with a viable outlet for their surplus inventory while promoting sustainability in the grocery sector.

CorPower Ocean

Venture Round in 2021
Founded in 2009, CorPower Ocean develops high-efficiency Wave Energy Converters (WECs). Its patented technology features a heaving buoy connected to the seabed via a taut mooring line, enabling a lightweight system with high natural frequency of oscillation. This results in five times higher annual energy output compared to traditional solutions, making it cost-competitive with offshore wind. The company is based in Sweden with additional offices in Portugal, Norway, and the UK.

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.

Sonendo

Private Equity Round in 2020
Sonendo is a commercial-stage medical technology company that develops dental devices and software to save teeth. It markets the GentleWave System, a root canal therapy platform that cleans and disinfects the microscopic spaces within teeth without removing tooth structure, improving clinical outcomes and practice efficiency. The system includes a console and accessories and integrates with TDO Software, its endodontic practice management software that unifies imaging, practice management, referral reporting, CBCT imaging, and built-in communication with the GentleWave System. Founded in 2006 and based in Laguna Hills, California, Sonendo operates with two business segments: Product, comprising the GentleWave console and instruments, and Software, providing practice management licenses. The company aims to transform dentistry by saving teeth through sound science.

Fundbox

Series C in 2019
Founded in 2013, Fundbox operates a payments network that facilitates transactions between businesses. It provides credit and payment solutions to small businesses serving other businesses (SMB2B), empowering them with fast and intuitive access to business credit.

Capcito Finance

Venture Round in 2019
Capcito Finance AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in providing working capital solutions to small and medium-sized enterprises (SMEs). The company operates an online platform that integrates with cloud-based accounting systems, enabling businesses to access loans using their invoices as collateral. Capcito offers invoice discounting, factoring, and business loans, all facilitated with a simple click of a button. The platform automates credit assessments, providing real-time valuations of a company's data for a fairer, up-to-date lending decision. Capcito's services are designed to empower businesses to grow by simplifying access to financing.

Accedo

Private Equity Round in 2019
Accedo specializes in delivering compelling video experiences across multiple platforms. Headquartered in Stockholm, Sweden, it serves over 200 enterprise customers worldwide, including broadcasters, Pay TV operators, and OTT service providers.

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.

Planday

Series C in 2018
Planday is a cloud-based software provider specializing in workforce management for various industries like hospitality, retail, and call centers. Its platform streamlines scheduling, considering factors such as staffing needs, budget, employee availability, and labor regulations. By automating these processes, Planday helps businesses reduce staff costs by 5%, decrease administration time by 75%, and enhance employee satisfaction by 20%.

Cardlay

Series A in 2018
Cardlay streamlines global payment card issuance, management, and expense tracking via a single platform. It enables real-time transactions, virtual account functionality, and automated VAT reclaim, benefiting businesses by enhancing efficiency and providing immediate economic benefits.

Coinify

Series A in 2017
Coinify is an international fintech company that specializes in cryptocurrency payment and trading solutions. Active in over 180 countries, Coinify offers a platform that facilitates blockchain currency trading and payment processing services. The company's infrastructure is trusted by leading wallets, websites, and applications, enabling them to accept cryptocurrency payments and mitigate fraud. Through its platform, users can buy bitcoin as an investment or utilize digital currencies to purchase goods and services from a growing network of retailers worldwide. Additionally, Coinify provides instant conversions, allowing customers to receive payouts in their local currency. The company aims to promote the widespread adoption of digital currencies.

Capcito Finance

Venture Round in 2017
Capcito Finance AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in providing working capital solutions to small and medium-sized enterprises (SMEs). The company operates an online platform that integrates with cloud-based accounting systems, enabling businesses to access loans using their invoices as collateral. Capcito offers invoice discounting, factoring, and business loans, all facilitated with a simple click of a button. The platform automates credit assessments, providing real-time valuations of a company's data for a fairer, up-to-date lending decision. Capcito's services are designed to empower businesses to grow by simplifying access to financing.

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.

R3

Funding Round in 2017
R3 develops enterprise blockchain technology solutions. It offers Corda, an open-source platform enabling direct business transactions using smart contracts. The company also provides training, certifications, and documentation. Established in 2014, R3 is headquartered in London, UK.

Leasify

Seed Round in 2016
Leasify AB is a technology company based in Stockholm, Sweden, that has developed a platform for managing and comparing leasing agreements. This platform allows companies to publish their leasing deals and assess their pricing for fairness. Leasify provides a free tool for users to upload their leases and receive insights into their costs, helping them make informed decisions about their leasing agreements. The platform also facilitates the procurement process by ensuring that transparent quotes are presented from reputable equipment suppliers, fostering competition on the buyer's terms. Additionally, Leasify sends notifications to businesses when contracts are nearing expiration, prompting them to explore new leasing and financing options.

Sonendo

Series E in 2016
Sonendo is a commercial-stage medical technology company that develops dental devices and software to save teeth. It markets the GentleWave System, a root canal therapy platform that cleans and disinfects the microscopic spaces within teeth without removing tooth structure, improving clinical outcomes and practice efficiency. The system includes a console and accessories and integrates with TDO Software, its endodontic practice management software that unifies imaging, practice management, referral reporting, CBCT imaging, and built-in communication with the GentleWave System. Founded in 2006 and based in Laguna Hills, California, Sonendo operates with two business segments: Product, comprising the GentleWave console and instruments, and Software, providing practice management licenses. The company aims to transform dentistry by saving teeth through sound science.

Now Interact

Series A in 2016
Now Interact is a software company headquartered in Stockholm with offices in London, Amsterdam, and Palo Alto. It specializes in developing Predictive Intelligence applications to enhance existing online personalization and engagement solutions for businesses worldwide.

iZettle

Series D in 2016
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

Coinify

Series A in 2016
Coinify is an international fintech company that specializes in cryptocurrency payment and trading solutions. Active in over 180 countries, Coinify offers a platform that facilitates blockchain currency trading and payment processing services. The company's infrastructure is trusted by leading wallets, websites, and applications, enabling them to accept cryptocurrency payments and mitigate fraud. Through its platform, users can buy bitcoin as an investment or utilize digital currencies to purchase goods and services from a growing network of retailers worldwide. Additionally, Coinify provides instant conversions, allowing customers to receive payouts in their local currency. The company aims to promote the widespread adoption of digital currencies.

Accedo

Acquisition in 2016
Accedo specializes in delivering compelling video experiences across multiple platforms. Headquartered in Stockholm, Sweden, it serves over 200 enterprise customers worldwide, including broadcasters, Pay TV operators, and OTT service providers.

Accedo

Venture Round in 2016
Accedo specializes in delivering compelling video experiences across multiple platforms. Headquartered in Stockholm, Sweden, it serves over 200 enterprise customers worldwide, including broadcasters, Pay TV operators, and OTT service providers.

Tink

Series B in 2016
Tink AB, founded in 2012 and based in Stockholm, Sweden, operates as a cloud-based open banking platform that supports the development of data-driven financial services. The company's offerings include account aggregation, payment initiation, and personal finance management tools, which can be integrated into existing banking applications or used as standalone services. Tink's mobile application enables users to manage their finances across multiple bank accounts, facilitate money transfers, pay bills, and set personal budgets. The platform also provides valuable insights through automatic transaction categorization and daily spending analyses. Tink collaborates with various financial institutions, including notable partners like ABN AMRO, BNP Paribas Fortis, Nordea, Klarna, and SEB, to enhance the financial services landscape.

Nomad Digital

Venture Round in 2016
Nomad Digital Ltd. is a global provider of wireless solutions specifically tailored for the transportation sector, particularly the rail industry. Founded in 2002 and headquartered in Newcastle upon Tyne, United Kingdom, the company designs, builds, and manages passenger WiFi systems and on-board infotainment solutions. Its offerings include NDConnect, a vehicle-to-shore communication solution, NDLines for implementing Internet-based applications, NDEngage for passenger information and entertainment, and NDSecure for on-board safety and security. Additionally, Nomad Digital provides NDInsight, a historical reporting tool, and NDMaintain, which focuses on maintenance solutions to enhance fleet efficiency and reduce operational costs. The company serves over 80 customers across more than 40 countries, delivering remote condition monitoring and maintenance solutions that optimize fleet management and enhance operational performance.

Planday

Series B in 2016
Planday is a cloud-based software provider specializing in workforce management for various industries like hospitality, retail, and call centers. Its platform streamlines scheduling, considering factors such as staffing needs, budget, employee availability, and labor regulations. By automating these processes, Planday helps businesses reduce staff costs by 5%, decrease administration time by 75%, and enhance employee satisfaction by 20%.

Nomad Digital

Venture Round in 2016
Nomad Digital Ltd. is a global provider of wireless solutions specifically tailored for the transportation sector, particularly the rail industry. Founded in 2002 and headquartered in Newcastle upon Tyne, United Kingdom, the company designs, builds, and manages passenger WiFi systems and on-board infotainment solutions. Its offerings include NDConnect, a vehicle-to-shore communication solution, NDLines for implementing Internet-based applications, NDEngage for passenger information and entertainment, and NDSecure for on-board safety and security. Additionally, Nomad Digital provides NDInsight, a historical reporting tool, and NDMaintain, which focuses on maintenance solutions to enhance fleet efficiency and reduce operational costs. The company serves over 80 customers across more than 40 countries, delivering remote condition monitoring and maintenance solutions that optimize fleet management and enhance operational performance.

OssDsign AB

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 Ltd. is a global provider of wireless solutions specifically tailored for the transportation sector, particularly the rail industry. Founded in 2002 and headquartered in Newcastle upon Tyne, United Kingdom, the company designs, builds, and manages passenger WiFi systems and on-board infotainment solutions. Its offerings include NDConnect, a vehicle-to-shore communication solution, NDLines for implementing Internet-based applications, NDEngage for passenger information and entertainment, and NDSecure for on-board safety and security. Additionally, Nomad Digital provides NDInsight, a historical reporting tool, and NDMaintain, which focuses on maintenance solutions to enhance fleet efficiency and reduce operational costs. The company serves over 80 customers across more than 40 countries, delivering remote condition monitoring and maintenance solutions that optimize fleet management and enhance operational performance.

iZettle

Series D in 2015
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

Senion

Series A in 2015
Senion develops indoor positioning and navigation technology and related location-aware solutions that enhance the mobile experience and workplace efficiency. Its platform helps organizations optimize space usage by guiding employees to available workspaces, automating routine tasks, and enabling easier collaboration, thereby increasing productivity and making daily work processes more efficient.

Avidicare

Series A in 2015
Avidicare specializes in infection prevention by providing innovative ventilation solutions designed to manage airborne bacterial contamination in hospitals. Its flagship product, Opragon, reduces airborne bacteria levels in various hospital environments, primarily for infection-sensitive surgeries.

Taulia

Series D in 2014
Founded in 2009, Taulia develops AI-driven supply chain management software. It offers dynamic discounting, cash forecasting, invoice automation, supplier management solutions for buyers, and early payment, e-invoicing services for suppliers. With strategic alliances like KPMG, Taulia operates globally with offices across North America, Europe, and Australia.

Innometrics

Series A in 2014
Innometrics AB, based in Stockholm, Sweden, is a developer of Profile Cloud, a customer data management platform designed to enhance engagement between businesses and their customers. The platform aggregates various sources of customer activity and combines them with existing in-house data to create comprehensive, real-time profiles for each customer. This enables organizations to deliver personalized experiences and campaigns, empowering their marketing, sales, and customer service efforts. Innometrics aims to facilitate more meaningful interactions between brands and consumers, helping businesses achieve better returns on their investments. The company also has an office in London and is recognized as a reliable partner for organizations seeking to enhance their customer engagement strategies.

iZettle

Series C in 2014
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

Airsonett

Series B in 2014
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.

ScandiNova

Convertible Note in 2014
ScandiNova is a leading developer and manufacturer of advanced pulsed power systems, specializing in high-power pulse generators and radio frequency systems. Utilizing solid-state technology, the company designs products that are integral to radiotherapy systems and are applicable in various demanding industrial sectors, including cargo scanning and non-destructive testing. ScandiNova's innovative solutions enable the creation of industrial sterilization systems, which are essential for research laboratories and other applications requiring precise and reliable power delivery. Through its breakthrough technology, the company positions itself at the forefront of the pulsed power industry.

InDex Pharmaceuticals

Venture Round in 2014
InDex Pharmaceuticals AB, founded in 2016 and based in Stockholm, Sweden, is a clinical-stage biopharmaceutical company focused on developing innovative treatments for immunological diseases. Its flagship product, cobitolimod, is designed to provide local anti-inflammatory effects, healing mucosa and improving clinical symptoms in patients with ulcerative colitis. The company's platform technology involves DNA-based ImmunoModulatory Sequences (DIMS), which are used to treat a variety of immunological diseases. Additionally, InDex Pharmaceuticals offers DiBiCol, a diagnostic kit that monitors biomarkers specific for ulcerative colitis or Crohn’s disease from a single colonic biopsy.

Donya Labs

Series A in 2013
Donya Labs AB, founded in 2006 and headquartered in Linköping, Sweden, specializes in automatic 3D data optimization solutions for professional game developers. The company is renowned for its Simplygon software, which automates the optimization of 3D assets used in various applications including animation, games, CAD, and film. Simplygon enables game developers to enhance their content pipelines and streamline workflows across multiple platforms such as PC, consoles, tablets, smartphones, virtual reality, and augmented reality. Donya Labs serves clients not only within the gaming industry but also in other sectors globally. Since January 2017, Donya Labs operates as a subsidiary of Microsoft Corporation.

Wrapp

Series B in 2013
Wrapp is a company that redefines customer loyalty and rewards through a personalized approach. By connecting to users' payment cards, Wrapp analyzes their transaction data to understand individual buying behaviors. This enables the company to deliver relevant rewards from brands that align with users' interests, effectively enhancing the customer experience. Wrapp focuses on cashback returns, ensuring that the rewards provided are meaningful and practical for consumers. Additionally, Wrapp offers a social gifting service that allows users to celebrate their friends, further emphasizing its commitment to fostering meaningful connections and experiences. Through these innovative services, Wrapp aims to transform the landscape of consumer rewards and marketing.

SciBase

Seed Round in 2013
SciBase is a medical technology company that develops diagnostic devices for skin disorders, focusing on skin cancer detection and skin barrier assessment. Its principal product, Nevisense, is a point‑of‑care device that uses electrical impedance spectroscopy to assess tissue properties and help physicians detect and monitor skin lesions, including melanoma and non-melanoma skin cancers, as well as monitor skin changes. The technology draws on more than two decades of academic research at Karolinska Institutet in Stockholm and is protected by an extensive patent portfolio. SciBase markets Nevisense and Nevisense Go and organizes its offerings into two segments: skin cancer evaluation and skin barrier assessment, with the skin cancer segment constituting the larger share of revenue.

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 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.

Nuevolution

Venture Round in 2012
Nuevolution is a prominent small molecule lead discovery company established in 2001 and headquartered in Copenhagen, Denmark. The firm specializes in developing innovative treatments for human diseases, particularly in oncology and inflammatory conditions. Central to its operations is Chemetics®, a proprietary drug discovery platform that combines wet chemistry with molecular biology, allowing for the rapid synthesis and DNA-tagging of millions of diverse small molecule compounds. This advanced technology enables efficient screening to identify potent drug leads at an unprecedented scale and speed. With a library exceeding 1 billion compounds, Nuevolution collaborates with various pharmaceutical and biotechnology companies, including notable partnerships with leading industry names. Additionally, the company is involved in a joint venture focused on the discovery and development of small molecule drugs targeting epigenetic factors. Nuevolution's capabilities have led to the identification of novel ligands with potential applications in addressing significant unmet medical needs across various therapeutic areas. The company is privately owned by a group of key Scandinavian investors.

iZettle

Series B in 2012
iZettle AB is a financial technology company based in Stockholm, Sweden, that specializes in mobile payment services and applications designed for small businesses and entrepreneurs. Founded in 2010, it revolutionized the industry with the introduction of the first mini chip card reader, enabling businesses to accept card payments through smartphones and tablets. iZettle offers a range of products, including the iZettle Card Reader Lite and an application compatible with iOS and Android devices, which facilitate payment processing, business management, sales analytics, and customer engagement. The company serves a diverse clientele across several countries, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, Spain, Mexico, the Netherlands, and Brazil. As of 2018, iZettle operates as a subsidiary of PayPal Holdings, Inc.

Clavister Holding

Venture Round in 2012
Clavister Holding AB is a prominent cybersecurity vendor based in Sweden, with over 20 years of experience in the industry. The company develops, produces, and sells a comprehensive range of network security solutions designed to protect digital assets and ensure business continuity for clients worldwide, including communication service providers, governments, enterprises, and managed security service providers. Clavister's product portfolio encompasses identity and access management solutions, endpoint security, and both physical and virtualized network security products tailored for cloud environments. Its clientele spans over 150 countries, with a significant portion of revenue generated from operations within Sweden and across Europe, Asia, and other global markets.

Nomad Digital

Venture Round in 2011
Nomad Digital Ltd. is a global provider of wireless solutions specifically tailored for the transportation sector, particularly the rail industry. Founded in 2002 and headquartered in Newcastle upon Tyne, United Kingdom, the company designs, builds, and manages passenger WiFi systems and on-board infotainment solutions. Its offerings include NDConnect, a vehicle-to-shore communication solution, NDLines for implementing Internet-based applications, NDEngage for passenger information and entertainment, and NDSecure for on-board safety and security. Additionally, Nomad Digital provides NDInsight, a historical reporting tool, and NDMaintain, which focuses on maintenance solutions to enhance fleet efficiency and reduce operational costs. The company serves over 80 customers across more than 40 countries, delivering remote condition monitoring and maintenance solutions that optimize fleet management and enhance operational performance.

Tail-f Systems

Series B in 2011
Tail-f Systems is a prominent provider of configuration management and network automation software, headquartered in Stockholm, Sweden. The company develops software solutions that enable Network Equipment Providers to create efficient on-device management systems and Element Management Systems/Network Management Systems platforms with enhanced capabilities. Additionally, Service Providers leverage Tail-f's software to rapidly develop scalable and agile management systems, allowing them to introduce network services to market more swiftly and reliably. Tail-f's focus on data model-driven software facilitates the creation of a centralized configuration database, delivering unified programmable management capabilities that cater to user preferences. Recognized as a Red Herring Top 100 company, Tail-f Systems plays a crucial role in modernizing network management practices.

TSS

Venture Round in 2011
TSS specializes in transforming drug distribution within the healthcare supply chain through its advanced cold chain management platform. Developed in collaboration with pharmaceutical companies, this platform provides essential temperature monitoring and analytics tools that help organizations in the life sciences sector ensure regulatory compliance. By leveraging these capabilities, TSS enables companies to implement lean and sustainable supply chain practices, ultimately enhancing the safety and reliability of drug delivery.

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, founded in 2016 and based in Stockholm, Sweden, is a clinical-stage biopharmaceutical company focused on developing innovative treatments for immunological diseases. Its flagship product, cobitolimod, is designed to provide local anti-inflammatory effects, healing mucosa and improving clinical symptoms in patients with ulcerative colitis. The company's platform technology involves DNA-based ImmunoModulatory Sequences (DIMS), which are used to treat a variety of immunological diseases. Additionally, InDex Pharmaceuticals offers DiBiCol, a diagnostic kit that monitors biomarkers specific for ulcerative colitis or Crohn’s disease from a single colonic biopsy.

Coresonic

Venture Round in 2010
Coresonic AB is a Swedish company specializing in digital signal processor (DSP) technology tailored for the wireless industry. Founded in 2004, the company emerged from a research initiative at Linköping University, focusing on creating a new DSP architecture optimized for baseband applications. Coresonic's innovative approach offers a highly efficient, fully programmable, and scalable solution that avoids the complexities and high power consumption typically associated with conventional VLIW DSPs. The company provides a unique single instruction-flow multiple tasks (SIMT) DSP, along with the Coresonic Developer Studio, which includes development tools that facilitate coding, debugging, and profiling of firmware in C++ or assembler. The founding team comprises experienced professionals from academia and the semiconductor industry, including notable figures such as Professor Dake Liu and industry veteran Johan Lodenius.

Zinwave

Funding Round in 2010
Zinwave UK is a global provider specializing in wideband active distributed antenna systems designed to enhance in-building wireless coverage. The company manufactures patented ultra-wideband radio frequency fiber solutions tailored for various sectors, including commercial real estate, healthcare, hospitality, enterprise, public venues, wholesale data centers, and education. By offering advanced in-building wireless products and services, Zinwave optimizes connectivity for mobile network operators, integrators, and end users through its innovative wideband technology.

Fältcommunications AB

Venture Round in 2009
Fält Communications provides value-added features and systems for reliable and secure machine to machine communiation. Fält Communications makes life easier for people and strives for a sustainable society. We have implemented nearly 150.000 installations, mainly in Europe but also in the US and Asia. We are proud to be able to assist our customer's operations to become more efficient, with the help of our technology and to reduce the impact on our environment, as our solutions will encourage transports to be fewer and energy consumptions less. We are market leading when it comes to mobile platforms on busses, with solutions such as onboard Wi-Fi and camera surveillance. All speed cameras in Sweden are also equipped with FältCom’s technology. When you are stepping into a lift its most likely that FältCom ensure the safety with an alarm system.

Nomad Digital

Venture Round in 2008
Nomad Digital Ltd. is a global provider of wireless solutions specifically tailored for the transportation sector, particularly the rail industry. Founded in 2002 and headquartered in Newcastle upon Tyne, United Kingdom, the company designs, builds, and manages passenger WiFi systems and on-board infotainment solutions. Its offerings include NDConnect, a vehicle-to-shore communication solution, NDLines for implementing Internet-based applications, NDEngage for passenger information and entertainment, and NDSecure for on-board safety and security. Additionally, Nomad Digital provides NDInsight, a historical reporting tool, and NDMaintain, which focuses on maintenance solutions to enhance fleet efficiency and reduce operational costs. The company serves over 80 customers across more than 40 countries, delivering remote condition monitoring and maintenance solutions that optimize fleet management and enhance operational performance.

ShoZu

Series C in 2008
ShoZu is a provider of mobile social media services that enables users to connect their mobile devices with various online social networks, personal blogs, and photo storage sites. The company's patented technology facilitates fast, easy, one-click uploads of photos and videos from mobile phones to the web, ensuring full-resolution delivery without compression. ShoZu's platform offers a suite of services that enhances user experience by allowing content to be pushed to the device and functioning seamlessly in the background, even during connectivity interruptions. Additionally, the company incorporates a mobile advertising service that delivers non-intrusive, behaviorally targeted advertisements, further enriching its offerings in the mobile social media landscape.

ShoZu

Venture Round in 2007
ShoZu is a provider of mobile social media services that enables users to connect their mobile devices with various online social networks, personal blogs, and photo storage sites. The company's patented technology facilitates fast, easy, one-click uploads of photos and videos from mobile phones to the web, ensuring full-resolution delivery without compression. ShoZu's platform offers a suite of services that enhances user experience by allowing content to be pushed to the device and functioning seamlessly in the background, even during connectivity interruptions. Additionally, the company incorporates a mobile advertising service that delivers non-intrusive, behaviorally targeted advertisements, further enriching its offerings in the mobile social media landscape.

ScandiNova

Series A in 2007
ScandiNova is a leading developer and manufacturer of advanced pulsed power systems, specializing in high-power pulse generators and radio frequency systems. Utilizing solid-state technology, the company designs products that are integral to radiotherapy systems and are applicable in various demanding industrial sectors, including cargo scanning and non-destructive testing. ScandiNova's innovative solutions enable the creation of industrial sterilization systems, which are essential for research laboratories and other applications requiring precise and reliable power delivery. Through its breakthrough technology, the company positions itself at the forefront of the pulsed power industry.

Information Mosaic

Venture Round in 2007
Information Mosaic is a leading provider of post-trade software services, specializing in global securities processing. The company focuses on delivering comprehensive automation and risk management solutions that streamline the processing of data for financial institutions. By enhancing operational efficiency, Information Mosaic helps firms avoid missed notifications and deadlines, thereby improving overall performance in post-trade activities. Its innovative approach positions the company at the forefront of the industry, enabling clients to navigate the complexities of securities processing with greater ease and reliability.

Signal Processing Devices Sweden

Series A in 2007
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 leading provider of post-trade software services, specializing in global securities processing. The company focuses on delivering comprehensive automation and risk management solutions that streamline the processing of data for financial institutions. By enhancing operational efficiency, Information Mosaic helps firms avoid missed notifications and deadlines, thereby improving overall performance in post-trade activities. Its innovative approach positions the company at the forefront of the industry, enabling clients to navigate the complexities of securities processing with greater ease and reliability.

ScandiNova

Series A in 2006
ScandiNova is a leading developer and manufacturer of advanced pulsed power systems, specializing in high-power pulse generators and radio frequency systems. Utilizing solid-state technology, the company designs products that are integral to radiotherapy systems and are applicable in various demanding industrial sectors, including cargo scanning and non-destructive testing. ScandiNova's innovative solutions enable the creation of industrial sterilization systems, which are essential for research laboratories and other applications requiring precise and reliable power delivery. Through its breakthrough technology, the company positions itself at the forefront of the pulsed power industry.

Ascade

Venture Round in 2006
Ascade is a telecom software company founded in 1997 and headquartered in Stockholm, Sweden, with an additional office in Singapore. It develops business operations systems that help telecom carriers manage and optimize decisions and day‑to‑day activities. The core product, the Carrier Cockpit Suite, is a modular web‑based platform that supports end‑to‑end processes for trading and exchanging voice and data traffic, including billing, routing, trading, and interconnect management. The suite also offers modules for agreement management, business control, connectivity, planning, and a central platform. Ascade provides implementation, training, maintenance, and support services, and offers quality assurance, routing optimization, and product portfolio management tools. Its customers include wireline and wireless operators and alternative carriers across Europe, Asia, and the Americas.

ZealCore Embedded Solutions

Venture Round in 2006
ZealCore Embedded Solutions AB is a Swedish company specializing in the development of technologies for diagnostics and maintenance of software control systems. Founded in 2001 and based in Västmanland, Sweden, the company offers a range of innovative tools designed to enhance software development and troubleshooting processes. Its flagship products include the System Debugger, which collects and refines log information to assist in identifying software bugs, and the Model Replay Debugger, which facilitates the recording and analysis of UML models. Additionally, ZealCore provides the System Recorder, a blackbox recorder for system behavior, along with various tools for failure diagnostics, behavior analysis, and visualization. These solutions are aimed at tool vendors and solution providers, enabling users to effectively locate and analyze software issues, thereby improving the overall reliability of software control systems. ZealCore Embedded Solutions operates as a subsidiary of Enea Data AB.

Tail-f Systems

Series A in 2005
Tail-f Systems is a prominent provider of configuration management and network automation software, headquartered in Stockholm, Sweden. The company develops software solutions that enable Network Equipment Providers to create efficient on-device management systems and Element Management Systems/Network Management Systems platforms with enhanced capabilities. Additionally, Service Providers leverage Tail-f's software to rapidly develop scalable and agile management systems, allowing them to introduce network services to market more swiftly and reliably. Tail-f's focus on data model-driven software facilitates the creation of a centralized configuration database, delivering unified programmable management capabilities that cater to user preferences. Recognized as a Red Herring Top 100 company, Tail-f Systems plays a crucial role in modernizing network management practices.

ScandiNova

Series A in 2005
ScandiNova is a leading developer and manufacturer of advanced pulsed power systems, specializing in high-power pulse generators and radio frequency systems. Utilizing solid-state technology, the company designs products that are integral to radiotherapy systems and are applicable in various demanding industrial sectors, including cargo scanning and non-destructive testing. ScandiNova's innovative solutions enable the creation of industrial sterilization systems, which are essential for research laboratories and other applications requiring precise and reliable power delivery. Through its breakthrough technology, the company positions itself at the forefront of the pulsed power industry.

ShoZu

Series B in 2005
ShoZu is a provider of mobile social media services that enables users to connect their mobile devices with various online social networks, personal blogs, and photo storage sites. The company's patented technology facilitates fast, easy, one-click uploads of photos and videos from mobile phones to the web, ensuring full-resolution delivery without compression. ShoZu's platform offers a suite of services that enhances user experience by allowing content to be pushed to the device and functioning seamlessly in the background, even during connectivity interruptions. Additionally, the company incorporates a mobile advertising service that delivers non-intrusive, behaviorally targeted advertisements, further enriching its offerings in the mobile social media landscape.

Information Mosaic

Series B in 2004
Information Mosaic is a leading provider of post-trade software services, specializing in global securities processing. The company focuses on delivering comprehensive automation and risk management solutions that streamline the processing of data for financial institutions. By enhancing operational efficiency, Information Mosaic helps firms avoid missed notifications and deadlines, thereby improving overall performance in post-trade activities. Its innovative approach positions the company at the forefront of the industry, enabling clients to navigate the complexities of securities processing with greater ease and reliability.

Nuevolution

Series B in 2003
Nuevolution is a prominent small molecule lead discovery company established in 2001 and headquartered in Copenhagen, Denmark. The firm specializes in developing innovative treatments for human diseases, particularly in oncology and inflammatory conditions. Central to its operations is Chemetics®, a proprietary drug discovery platform that combines wet chemistry with molecular biology, allowing for the rapid synthesis and DNA-tagging of millions of diverse small molecule compounds. This advanced technology enables efficient screening to identify potent drug leads at an unprecedented scale and speed. With a library exceeding 1 billion compounds, Nuevolution collaborates with various pharmaceutical and biotechnology companies, including notable partnerships with leading industry names. Additionally, the company is involved in a joint venture focused on the discovery and development of small molecule drugs targeting epigenetic factors. Nuevolution's capabilities have led to the identification of novel ligands with potential applications in addressing significant unmet medical needs across various therapeutic areas. The company is privately owned by a group of key Scandinavian investors.

Direct Conversion

Venture Round in 2002
Direct Conversion is a company that specializes in the development of digital imaging tools tailored for medical, dental, and industrial applications. It focuses on creating, manufacturing, and supplying advanced photon counting and tomosynthesis-based 3D X-ray imaging sensors. These products are rooted in proprietary X-ray technologies, enabling the company to provide customized original equipment manufacturer (OEM) solutions and small area detection applications. Through its innovative approach, Direct Conversion aims to enhance imaging capabilities across various sectors, contributing to improved diagnostic and operational efficiencies.
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