SEB Private Equity

SEB Private Equity, established in 1998, is a Swedish finance company headquartered in Stockholm. It specializes in providing corporate customers with advisory services and products, with a focus on strategic investments in the financial technology (Fintech) sector. The company supports entrepreneurs and innovators in launching and growing profitable businesses, while also seeking out transformative solutions in emerging technologies to enhance the financial industry's efficiency, security, and sustainability. As an evergreen fund, SEB Private Equity has the flexibility to prioritize long-term wealth creation, aligning its interests with those of its shareholders.

Magnus Ramström

Investment Director and Investment Committee Member

Daniel Sjöstrand

Investment Analyst

Michael Sparring

Investment Manager

Kristina Soderberg

Investment Manager

Anders Jöngard

Investment Director and Investment Committee Member

Past deals in Sweden

Apica

Venture Round in 2024
Apica AB is a technology company based in Stockholm, Sweden, with additional offices in London, New York, and Santa Monica. Founded in 2005, it specializes in providing a load testing and synthetic monitoring platform tailored for enterprise needs. Apica's solutions encompass a range of applications, including internal systems, websites, mobile devices, and IoT use cases. The company's flagship products, Apica LoadTest and Apica Synthetic, ensure the performance and uptime of business-critical applications, allowing enterprises to prepare for peak conditions and proactively monitor their systems. Apica's unified platform simplifies data management, enabling real-time analysis of telemetry data and automated root cause analysis. Its tools facilitate efficient troubleshooting and enhance observability, making it easier for organizations to manage complex IT infrastructures while reducing costs and improving performance.

Apica

Venture Round in 2023
Apica AB is a technology company based in Stockholm, Sweden, with additional offices in London, New York, and Santa Monica. Founded in 2005, it specializes in providing a load testing and synthetic monitoring platform tailored for enterprise needs. Apica's solutions encompass a range of applications, including internal systems, websites, mobile devices, and IoT use cases. The company's flagship products, Apica LoadTest and Apica Synthetic, ensure the performance and uptime of business-critical applications, allowing enterprises to prepare for peak conditions and proactively monitor their systems. Apica's unified platform simplifies data management, enabling real-time analysis of telemetry data and automated root cause analysis. Its tools facilitate efficient troubleshooting and enhance observability, making it easier for organizations to manage complex IT infrastructures while reducing costs and improving performance.

ClimateView

Series A in 2023
ClimateView AB, founded in 2017 and based in Stockholm, Sweden, specializes in developing Climate Panorama, a software platform designed to assist local governments in planning and executing their climate transition efforts. The platform collects and organizes climate data, enabling cities to create a coherent data structure that allows for comparability across different regions. By integrating advanced modeling and visualization tools, ClimateView empowers public sector stakeholders to make data-driven decisions regarding political, economic, and energy shifts. The company collaborates with various partners, including global consultancies and governmental bodies like the Swedish Climate Policy Council, and serves over 135 cities across nine countries in Europe and North America.

EnginZyme

Series B in 2022
EnginZyme AB is a biotechnology company based in Stockholm, Sweden, founded in 2014. The company specializes in biocatalysis and a cell-free synthetic biology platform to create sustainable alternatives to conventional materials such as plastics, nylons, and rubbers. EnginZyme's innovative approach focuses on biomanufacturing techniques that promote green chemistry across various industries, including pharmaceuticals, food, chemicals, flavors, and fragrances. By utilizing patented cell-free technology, EnginZyme aims to replace traditional fossil-based manufacturing, thus facilitating the shift toward environmentally friendly production methods. The company has gained recognition for its contributions to sustainability, being named a Global Cleantech 100 company and recognized as a Technology Pioneer by the World Economic Forum. EnginZyme is supported by a diverse group of investors, reflecting its potential impact on addressing climate change and promoting sustainable practices in manufacturing.

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, utilizes patented Temperature-controlled Laminar Airflow (TLA) technology to significantly reduce allergens and airborne irritants in a patient's breathing zone during rest and sleep. This innovative home medical device aims to provide relief for individuals suffering from allergic asthma and atopic eczema, primarily serving patients in Sweden and the UK. By offering a non-invasive solution, Airsonett addresses the need for effective prophylactic treatments without relying on traditional medication.

Lysa

Venture Round in 2022
Lysa is a Nordic automated investment service based in Stockholm, Sweden, that focuses on simplifying smart savings for its users. It offers a digital portfolio management platform that allows individuals to invest with strategies inspired by Nobel Prize-winning principles. By utilizing automation, Lysa aims to make investing more accessible and straightforward, helping users to manage their investments effectively while promoting financial literacy and confidence in personal finance.

Matsmart

Venture Round in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

Matsmart

Series C in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

ClimateView

Series A in 2021
ClimateView AB, founded in 2017 and based in Stockholm, Sweden, specializes in developing Climate Panorama, a software platform designed to assist local governments in planning and executing their climate transition efforts. The platform collects and organizes climate data, enabling cities to create a coherent data structure that allows for comparability across different regions. By integrating advanced modeling and visualization tools, ClimateView empowers public sector stakeholders to make data-driven decisions regarding political, economic, and energy shifts. The company collaborates with various partners, including global consultancies and governmental bodies like the Swedish Climate Policy Council, and serves over 135 cities across nine countries in Europe and North America.

Matsmart

Funding Round in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, that specializes in selling surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering items that might otherwise be discarded due to reasons such as packaging changes or approaching expiration dates. Matsmart has experienced significant growth since its inception, expanding its operations to Norway and Finland and achieving recurring revenues of SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted. By providing a marketplace for discounted groceries and personal care products, Matsmart enables suppliers to move surplus inventory while helping to reduce overall food wastage.

EnginZyme

Series A in 2021
EnginZyme AB is a biotechnology company based in Stockholm, Sweden, founded in 2014. The company specializes in biocatalysis and a cell-free synthetic biology platform to create sustainable alternatives to conventional materials such as plastics, nylons, and rubbers. EnginZyme's innovative approach focuses on biomanufacturing techniques that promote green chemistry across various industries, including pharmaceuticals, food, chemicals, flavors, and fragrances. By utilizing patented cell-free technology, EnginZyme aims to replace traditional fossil-based manufacturing, thus facilitating the shift toward environmentally friendly production methods. The company has gained recognition for its contributions to sustainability, being named a Global Cleantech 100 company and recognized as a Technology Pioneer by the World Economic Forum. EnginZyme is supported by a diverse group of investors, reflecting its potential impact on addressing climate change and promoting sustainable practices in manufacturing.

Accedo

Private Equity Round in 2019
Accedo is a leading provider of cloud-based video experience solutions, catering primarily to the media industry. The company collaborates with a diverse array of video service providers, including broadcasters, Pay TV operators, and Over-the-Top (OTT) services, as well as product brands seeking to enhance audience engagement through video offerings. Accedo's core focus is on optimizing the consumer interaction with video services, delivering engaging experiences across various platforms and devices. Their flagship product, the Accedo One™ cloud platform, empowers customers to build, manage, and deploy high-quality video services tailored to their specific needs. Additionally, Accedo's professional service team specializes in designing and creating custom video experiences for different types of service providers. Headquartered in Stockholm, Sweden, Accedo operates globally, with offices in North America, South America, Asia Pacific, and Europe, serving over 200 enterprise customers worldwide.

Apica

Series D in 2018
Apica AB is a technology company based in Stockholm, Sweden, with additional offices in London, New York, and Santa Monica. Founded in 2005, it specializes in providing a load testing and synthetic monitoring platform tailored for enterprise needs. Apica's solutions encompass a range of applications, including internal systems, websites, mobile devices, and IoT use cases. The company's flagship products, Apica LoadTest and Apica Synthetic, ensure the performance and uptime of business-critical applications, allowing enterprises to prepare for peak conditions and proactively monitor their systems. Apica's unified platform simplifies data management, enabling real-time analysis of telemetry data and automated root cause analysis. Its tools facilitate efficient troubleshooting and enhance observability, making it easier for organizations to manage complex IT infrastructures while reducing costs and improving performance.

Apica

Venture Round in 2017
Apica AB is a technology company based in Stockholm, Sweden, with additional offices in London, New York, and Santa Monica. Founded in 2005, it specializes in providing a load testing and synthetic monitoring platform tailored for enterprise needs. Apica's solutions encompass a range of applications, including internal systems, websites, mobile devices, and IoT use cases. The company's flagship products, Apica LoadTest and Apica Synthetic, ensure the performance and uptime of business-critical applications, allowing enterprises to prepare for peak conditions and proactively monitor their systems. Apica's unified platform simplifies data management, enabling real-time analysis of telemetry data and automated root cause analysis. Its tools facilitate efficient troubleshooting and enhance observability, making it easier for organizations to manage complex IT infrastructures while reducing costs and improving performance.

Leasify

Seed Round in 2016
Leasify AB is a technology company based in Stockholm, Sweden, that has developed a platform for businesses to manage and compare leasing agreements. This platform allows companies to publish their leasing deals and assess their pricing for fairness. Users can upload their lease agreements to receive insights and tips on managing costs effectively. Leasify's service notifies businesses when their contracts are nearing expiration, facilitating the procurement of new equipment by presenting transparent quotes from reputable suppliers. This competitive approach aims to empower buyers to make informed decisions regarding their leasing options, ensuring better financial outcomes through streamlined management of leasing and rental agreements.

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.

Accedo

Acquisition in 2016
Accedo is a leading provider of cloud-based video experience solutions, catering primarily to the media industry. The company collaborates with a diverse array of video service providers, including broadcasters, Pay TV operators, and Over-the-Top (OTT) services, as well as product brands seeking to enhance audience engagement through video offerings. Accedo's core focus is on optimizing the consumer interaction with video services, delivering engaging experiences across various platforms and devices. Their flagship product, the Accedo One™ cloud platform, empowers customers to build, manage, and deploy high-quality video services tailored to their specific needs. Additionally, Accedo's professional service team specializes in designing and creating custom video experiences for different types of service providers. Headquartered in Stockholm, Sweden, Accedo operates globally, with offices in North America, South America, Asia Pacific, and Europe, serving over 200 enterprise customers worldwide.

Accedo

Venture Round in 2016
Accedo is a leading provider of cloud-based video experience solutions, catering primarily to the media industry. The company collaborates with a diverse array of video service providers, including broadcasters, Pay TV operators, and Over-the-Top (OTT) services, as well as product brands seeking to enhance audience engagement through video offerings. Accedo's core focus is on optimizing the consumer interaction with video services, delivering engaging experiences across various platforms and devices. Their flagship product, the Accedo One™ cloud platform, empowers customers to build, manage, and deploy high-quality video services tailored to their specific needs. Additionally, Accedo's professional service team specializes in designing and creating custom video experiences for different types of service providers. Headquartered in Stockholm, Sweden, Accedo operates globally, with offices in North America, South America, Asia Pacific, and Europe, serving over 200 enterprise customers worldwide.

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.

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.

Avidicare

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 hospitals. Founded in 2010 and formerly known as Airsonett Operating Room Innovation AB, the company specializes in providing tailored ventilation solutions to enhance infection prevention in medical facilities. Its flagship product, Opragon, is a ventilation system designed to significantly reduce airborne bacterial contamination in environments such as operating theaters, preparation rooms, and hybrid rooms. Avidicare's innovative Temperature-controlled AirFlow technology (TcAF) represents a significant advancement in airflow design, aimed at preventing airborne virus transmission, improving comfort, and conserving energy. The company's overarching vision is "Towards Zero Infections," reflecting its commitment to ensuring safety and hygiene for patients and healthcare professionals alike.

Innometrics

Series A in 2014
Innometrics AB, based in Stockholm, Sweden, specializes in customer data management through its flagship platform, Profile Cloud. This cloud-based solution enables businesses to create real-time, unified profiles of their customers and prospects by integrating various sources of customer interactions and online behaviors. By consolidating in-house customer data with insights from customer activity, Profile Cloud empowers organizations to deliver personalized experiences and meaningful engagement across multiple channels. This innovative platform supports marketing, sales, and customer service efforts, ensuring a consistent brand voice while enhancing return on investment. Acquired by Apsis International AB in 2016, Innometrics is recognized as a trusted partner for organizations seeking to foster authentic and impactful consumer relationships. The company also has a presence in London.

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, utilizes patented Temperature-controlled Laminar Airflow (TLA) technology to significantly reduce allergens and airborne irritants in a patient's breathing zone during rest and sleep. This innovative home medical device aims to provide relief for individuals suffering from allergic asthma and atopic eczema, primarily serving patients in Sweden and the UK. By offering a non-invasive solution, Airsonett addresses the need for effective prophylactic treatments without relying on traditional medication.

InDex Pharmaceuticals

Venture Round in 2014
InDex Pharmaceuticals AB is a clinical-stage biopharmaceutical company based in Stockholm, Sweden, focused on developing treatments for ulcerative colitis and other immunological diseases. The company’s lead product, cobitolimod, offers a local anti-inflammatory effect that aids in mucosal healing and alleviates clinical symptoms. Additionally, InDex Pharmaceuticals utilizes its proprietary DNA-based ImmunoModulatory Sequences (DIMS) platform to create drugs aimed at various therapeutic areas, including inflammation and cancer. The company also provides DiBiCol, a diagnostic kit designed to monitor specific biomarkers related to 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 (publ).

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.

Apica

Series C in 2012
Apica AB is a technology company based in Stockholm, Sweden, with additional offices in London, New York, and Santa Monica. Founded in 2005, it specializes in providing a load testing and synthetic monitoring platform tailored for enterprise needs. Apica's solutions encompass a range of applications, including internal systems, websites, mobile devices, and IoT use cases. The company's flagship products, Apica LoadTest and Apica Synthetic, ensure the performance and uptime of business-critical applications, allowing enterprises to prepare for peak conditions and proactively monitor their systems. Apica's unified platform simplifies data management, enabling real-time analysis of telemetry data and automated root cause analysis. Its tools facilitate efficient troubleshooting and enhance observability, making it easier for organizations to manage complex IT infrastructures while reducing costs and improving performance.

Nuevolution

Venture Round in 2012
Nuevolution is a small molecule lead discovery company founded in 2001 and based in Copenhagen, Denmark. The company has developed Chemetics®, a patented hybrid technology that combines wet chemistry and molecular biology to accelerate drug discovery. This platform facilitates the rapid synthesis and DNA-tagging of over 1 billion diverse small molecule compounds, allowing for efficient screening and identification of potent drug leads. Nuevolution partners with pharmaceutical and biotechnology companies, having established agreements with major firms such as Merck, GlaxoSmithKline, and Novartis. The company is also involved in a joint venture with EpiTherapeutics and ExpreS2ion Biotechnologies to develop small molecule drugs targeting epigenetic factors, supported by a project budget from the Danish High Technology Fund. Nuevolution focuses on developing treatments for oncology and inflammatory diseases and also provides contract research services, generating revenue from multiple countries, including Denmark, Sweden, and the USA. The company is privately owned by several 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.

Tail-f Systems

Series B in 2011
Tail-f Systems, based in Stockholm, Sweden, is a leading provider of configuration management and network automation software. The company's solutions enable Network Equipment Providers to create effective on-device management systems and EMS/NMS platforms efficiently. Additionally, Service Providers utilize Tail-f's software to develop scalable and agile management systems, allowing them to bring network services to market more quickly and reliably. Tail-f specializes in data model-driven software that supports user preferences, utilizing a centralized configuration database to offer unified programmable management capabilities.

InDex Pharmaceuticals

Private Equity Round in 2011
InDex Pharmaceuticals AB is a clinical-stage biopharmaceutical company based in Stockholm, Sweden, focused on developing treatments for ulcerative colitis and other immunological diseases. The company’s lead product, cobitolimod, offers a local anti-inflammatory effect that aids in mucosal healing and alleviates clinical symptoms. Additionally, InDex Pharmaceuticals utilizes its proprietary DNA-based ImmunoModulatory Sequences (DIMS) platform to create drugs aimed at various therapeutic areas, including inflammation and cancer. The company also provides DiBiCol, a diagnostic kit designed to monitor specific biomarkers related to 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 (publ).

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.

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.

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.

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, based in Stockholm, Sweden, is a leading provider of configuration management and network automation software. The company's solutions enable Network Equipment Providers to create effective on-device management systems and EMS/NMS platforms efficiently. Additionally, Service Providers utilize Tail-f's software to develop scalable and agile management systems, allowing them to bring network services to market more quickly and reliably. Tail-f specializes in data model-driven software that supports user preferences, utilizing a centralized configuration database to offer unified programmable management capabilities.

Nuevolution

Series B in 2003
Nuevolution is a small molecule lead discovery company founded in 2001 and based in Copenhagen, Denmark. The company has developed Chemetics®, a patented hybrid technology that combines wet chemistry and molecular biology to accelerate drug discovery. This platform facilitates the rapid synthesis and DNA-tagging of over 1 billion diverse small molecule compounds, allowing for efficient screening and identification of potent drug leads. Nuevolution partners with pharmaceutical and biotechnology companies, having established agreements with major firms such as Merck, GlaxoSmithKline, and Novartis. The company is also involved in a joint venture with EpiTherapeutics and ExpreS2ion Biotechnologies to develop small molecule drugs targeting epigenetic factors, supported by a project budget from the Danish High Technology Fund. Nuevolution focuses on developing treatments for oncology and inflammatory diseases and also provides contract research services, generating revenue from multiple countries, including Denmark, Sweden, and the USA. The company is privately owned by several key Scandinavian investors.
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