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.

Anna Gustafsson

Investment Manager

Fredrik Ljungblad

Investment Manager

Kristina Söderberg

Investment Manager

Johan Wolf

Head of SEB Venture Capital

Past deals in Sweden

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.

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.

CorPower Ocean

Venture Round in 2021
CorPower Ocean AB develops resonant wave energy converters (WEC). Its wave energy converters are connected to the seabed using a taut mooring line and have a pneumatic pre-tension module between the mooring line and the buoy to enable a lightweight system with high natural frequency of oscillation. The company was founded in 2009 and is based in Hägersten, Sweden with additional offices in Viana do Castelo, Portugal; Oslo, Norway; and Stromness, United Kingdom.

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 to develop sustainable alternatives to conventional materials such as plastics, nylons, and rubbers. By providing solutions that facilitate the easy and cost-effective implementation of biocatalytic processes, EnginZyme aims to support the transition of the chemical industry toward more sustainable practices. The company serves a diverse range of sectors, including pharmaceuticals, food, chemicals, and flavors and fragrances, with the mission of positioning biocatalysis as the preferred choice for chemical process designers globally.

Capcito

Venture Round in 2019
Capcito is a provider of working capital to SMEs. Products are invoice discounting, factoring and business loans, all offered with a click of a button. Smoothly integrated with cloud accounting applications and banks. A proprietary lending platform and scoring engine is continuously being developed to improve accuracy on credit assessment and provide a more lean and relevant solution to SMEs in need of financing for further growth. Capcito strives to empower businesses to grow.

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.

Capcito

Venture Round in 2017
Capcito is a provider of working capital to SMEs. Products are invoice discounting, factoring and business loans, all offered with a click of a button. Smoothly integrated with cloud accounting applications and banks. A proprietary lending platform and scoring engine is continuously being developed to improve accuracy on credit assessment and provide a more lean and relevant solution to SMEs in need of financing for further growth. Capcito strives to empower businesses to grow.

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.

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.

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.

OssDsign AB

Venture Round in 2015
OssDsign was founded in May 2011 by Professor Håkan Engqvist, Dr Thomas Engstrand, Bo Qwarnstrom, Jonas Åberg, Uppsala University AB and other leading clinical, preclinical and materials researchers and engineers. The key people in the company are presented below. OssDsign has in addition developed a network of international experts in Clinical Affairs, Regulatory and Business Development.

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 operates as a research based medical device company that specializes in the management of airborne bacteria and virus pollution at hospitals. The company provides Opragon, a ventilation system for reduction of airborne bacterial contamination in various hospital environments primarily for infection sensitive surgery. It offers Opragon for preparation rooms, operating theaters, and hybrid rooms; and air curtains and external air showers. Avidicare AB was formerly known as Airsonett Operating Room Innovation AB and changed its name to Avidicare AB in 2013. The company was founded in 2010 and is based in Lund, Sweden.

Innometrics

Series A in 2014
Innometrics AB, based in Stockholm, Sweden, develops Profile Cloud, a customer data management platform designed to enhance marketing and customer engagement for businesses. Acquired by Apsis International AB in 2016, Innometrics focuses on empowering organizations to capture and utilize customer behavior and interaction data effectively. Profile Cloud integrates various sources of customer activity, including in-house data and online behavior, to create comprehensive, real-time profiles for individual customers. This innovative platform enables brands to deliver personalized experiences and optimize their marketing, sales, and customer service strategies. Trusted by numerous organizations, Innometrics aims to foster authentic consumer interactions and improve return on investment through more meaningful engagement. The company maintains offices in both Stockholm and London.

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 develops and manufactures solid-state technologies for scientific, research laboratory, cancer treatment, cargo inspection, non-destructive testing, industrial X-ray, sterilization, and other industrial applications. Its portfolio ranges from big klystron radio frequency (RF) systems for science applications to smaller magnetron systems adapted for cancer treatment, as well as electron guns and pulse generators for treatment of foodstuff. The company also delivers products ranging from high voltage pulse modulators to turn-key RF stations, including klystron control systems and related components. It offers its products through sales representatives in Europe, Asia, North America, and internationally. The company was founded in 2001 and is headquartered in Uppsala, Sweden.

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 develops automatic 3-D data optimization solutions to professional game developers to optimize their content pipelines and streamline their workflows. The company offers Simplygon, a software that automates the optimization of 3D assets for animation, games, CAD, and film. The software is used by game developers developing games for PC, playstations, tablet, smartphones, televisions, virtual reality and augment reality platforms as well as companies in other industries in Sweden and internationally. The company was founded in 2006 and is headquartered in Linkoping, Sweden. As of January 17, 2017, Donya Labs AB 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.

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.

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.

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 was formed as they recognized the growing market need for a new DSP architecture optimized for baseband applications; highly efficient, fully programmable and scalable but without the large complexity and excessive power consumption of typical VLIW DSP's. They were founded in 2004 based on the results of a three-year research project at Linköping University in Sweden, the leading computer science center in Northern Europe. The founders include Professor Dake Liu, Dr Eric Tell, Dr Anders Nilsson and Professor Christer Svensson from the electrical engineering department. In 2009, Johan Lodenius, a wireless and semiconductor industry veteran with significant management and international marketing experience, joined to complete the team that together bring decades of experience from; research, development and marketing of wireless semiconductors and silicon IP.

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.

ScandiNova

Series A in 2007
ScandiNova Systems AB develops and manufactures solid-state technologies for scientific, research laboratory, cancer treatment, cargo inspection, non-destructive testing, industrial X-ray, sterilization, and other industrial applications. Its portfolio ranges from big klystron radio frequency (RF) systems for science applications to smaller magnetron systems adapted for cancer treatment, as well as electron guns and pulse generators for treatment of foodstuff. The company also delivers products ranging from high voltage pulse modulators to turn-key RF stations, including klystron control systems and related components. It offers its products through sales representatives in Europe, Asia, North America, and internationally. The company was founded in 2001 and is headquartered in Uppsala, Sweden.
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.

ScandiNova

Series A in 2006
ScandiNova Systems AB develops and manufactures solid-state technologies for scientific, research laboratory, cancer treatment, cargo inspection, non-destructive testing, industrial X-ray, sterilization, and other industrial applications. Its portfolio ranges from big klystron radio frequency (RF) systems for science applications to smaller magnetron systems adapted for cancer treatment, as well as electron guns and pulse generators for treatment of foodstuff. The company also delivers products ranging from high voltage pulse modulators to turn-key RF stations, including klystron control systems and related components. It offers its products through sales representatives in Europe, Asia, North America, and internationally. The company was founded in 2001 and is headquartered in Uppsala, Sweden.

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 develops technologies for diagnostics and maintenance of software control systems. It offers System Debugger, which collects and refines information contained in logs during development, integration, test, deployment, and operation, as well as enables users to create projects and logsets for tracking down bugs in software and to make post processing of data, including filtering and searches that pinpoint a behavior. The company also provides Model Replay Debugger that enables recording and replay when using UML design and code generating tools, as well as allows users to make analysis on the recorded behavior of UML models, including filtering and searches; and System Recorder, a blackbox recorder for system. It offers field and lab troubleshooting products in failure diagnostics, behavior analysis, profiling, and visualization for tool vendors and solution providers. The company provides products for failure diagnostics of commissioned systems. Its solutions enable users to see the bugs and automate the process of locating them, as well as to record, replay, reanimate, visualize, and analyze computer systems. The company was founded in 2001 and is based in Västerås, Sweden. As of July 1, 2008, ZealCore Embedded Solutions AB operates as a subsidiary of Enea Data AB.

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 develops and manufactures solid-state technologies for scientific, research laboratory, cancer treatment, cargo inspection, non-destructive testing, industrial X-ray, sterilization, and other industrial applications. Its portfolio ranges from big klystron radio frequency (RF) systems for science applications to smaller magnetron systems adapted for cancer treatment, as well as electron guns and pulse generators for treatment of foodstuff. The company also delivers products ranging from high voltage pulse modulators to turn-key RF stations, including klystron control systems and related components. It offers its products through sales representatives in Europe, Asia, North America, and internationally. The company was founded in 2001 and is headquartered in Uppsala, Sweden.

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.