Walerud Ventures

See portfolio http://www.walerud.com/portfolio IN THE TRENCHES We join at the very early stages, often from just an idea and a couple of people. We spend a day a week with you to help set up the early team, strategy and sales. We'll join you in packing boxes, (wo)man the booth at trade shows, and as CxO as necessary. Since we work so closely with our startups we only take on a few at a time. Therefore, we make sure to select projects that make our hearts sing. LONG & CURRENT EXPERIENCE Of the 18 companies we have been heavily involved in, four have become world class successes (Klarna, Tobii, Lensway, Bluetail) and another ten had good and profitable exits or are growing nicely. We've also coached hundreds of startups and work very hard to make our startups successful. DEEP TECH We are techie and curious, and will understand your product. We've started companies in areas including AI, 3D, solar cells, fintech, telecom and biotech and have worked in tech for a long time: Jane was once a teaching assistant for a programming course at Stanford, Bengt is a top multivariate statistical analyst, and Caroline studied natural sciences at Cambridge. We like companies with sustainable competitive advantages and entry barriers. WHAT WE LOOK FOR Fantastic founders with full focus on ONE product that solves a problem that HURTS. Selling to a growing market with high margins. A brilliant, hard working, self motivated, open team with complementary skills and integrity. Since we work hard with you, we want to be close: within commuting distance from Stockholm. We speak Swedish and English. INVESTMENT We are on the entrepreneur's side. We want a painless investment process so we can get on with building the company with you. Therefore we do standard, simple and fair contracts (eg startupdocs.se) want the founders to own the lion's share of the company. We invest 1-10M SEK and take a board seat.

24 past transactions

Graphmatech

Venture Round in 2021
Enabling the Green Transition with Graphene. The green transition requires a lot of materials, more than are easily available or affordable. So... use less material to do at least the same job. Polymers for the hydrogen economy that leak 41% less. Better metals. Copper/graphene powder for 3D printing that is 40% more conductive than pure copper. Conductive polymers for 3D printing

AirForestry

Pre Seed Round in 2021
AirForestry We are building the forestry of the future AirForestry thins forests in a completely new way, namely from the air. Through our innovative thinning, we reduce carbon dioxide emissions from forestry work while increasing the forest's ability to sequester carbon by freeling up 20% of forest land that is currently used for forestry access roads. By creating better forests, we contribute to a more sustainable society - economically, environmentally and socially. A sustainable society is not only our main goal but also our main driving force.

Ekkono Solutions

Series A in 2019
The word ekkono means cognition, and that is what add to connected things. Ekkono makes machine learning for IoT. This enables you to learn the normal state and behavior of your connected things, which is the baseline to detect anomalies, attribute what has the biggest impact on performance, predict coming events, and even simulate what if-scenarios. This is commonly used for proactive maintenance, operational optimization, and to make your products more intuitive. The uniqueness, and the result of 7 years of machine learning research at the University of Borås in Sweden, is the ability to do this at the edge of the network, on the actual device. The benefits are significant. You can process all the data in real-time. More sensors equals more data, and the only way to manage this flood is through a layered approach that starts by the data source. You can take instant actions. You learn and act based on the normal condition of the individual device. You radically reduce network load by not sending raw data, but rather sending relevant and curated data to the cloud for further analysis. Your connected things become autonomously smart and less dependent on the quality of the network connection.

Swedish Algae Factory

Venture Round in 2018
Swedish Algae Factory extracts with silicon algae as a raw material a nanoporous material from these algae, which when applied to solar panels gives increased efficiency. The first tests in laboratory environments indicate a significant increase in efficiency.

Graphmatech

Seed Round in 2018
Enabling the Green Transition with Graphene. The green transition requires a lot of materials, more than are easily available or affordable. So... use less material to do at least the same job. Polymers for the hydrogen economy that leak 41% less. Better metals. Copper/graphene powder for 3D printing that is 40% more conductive than pure copper. Conductive polymers for 3D printing

Volumental

Venture Round in 2018
Volumental's platform enables everyone to create an accurate 3D body model to customize products and services. Their globally praised 3D scanning software has created thousands of models on Volumental.com and is used for 3D printing and for customizing products by market leaders in the retail and medical industries.

Ekkono Solutions

Seed Round in 2017
The word ekkono means cognition, and that is what add to connected things. Ekkono makes machine learning for IoT. This enables you to learn the normal state and behavior of your connected things, which is the baseline to detect anomalies, attribute what has the biggest impact on performance, predict coming events, and even simulate what if-scenarios. This is commonly used for proactive maintenance, operational optimization, and to make your products more intuitive. The uniqueness, and the result of 7 years of machine learning research at the University of Borås in Sweden, is the ability to do this at the edge of the network, on the actual device. The benefits are significant. You can process all the data in real-time. More sensors equals more data, and the only way to manage this flood is through a layered approach that starts by the data source. You can take instant actions. You learn and act based on the normal condition of the individual device. You radically reduce network load by not sending raw data, but rather sending relevant and curated data to the cloud for further analysis. Your connected things become autonomously smart and less dependent on the quality of the network connection.

Ekkono Solutions

Pre Seed Round in 2017
The word ekkono means cognition, and that is what add to connected things. Ekkono makes machine learning for IoT. This enables you to learn the normal state and behavior of your connected things, which is the baseline to detect anomalies, attribute what has the biggest impact on performance, predict coming events, and even simulate what if-scenarios. This is commonly used for proactive maintenance, operational optimization, and to make your products more intuitive. The uniqueness, and the result of 7 years of machine learning research at the University of Borås in Sweden, is the ability to do this at the edge of the network, on the actual device. The benefits are significant. You can process all the data in real-time. More sensors equals more data, and the only way to manage this flood is through a layered approach that starts by the data source. You can take instant actions. You learn and act based on the normal condition of the individual device. You radically reduce network load by not sending raw data, but rather sending relevant and curated data to the cloud for further analysis. Your connected things become autonomously smart and less dependent on the quality of the network connection.

Racefox

Seed Round in 2016
Racefox is a real-time digital coach for running and XC-skiing. By combining research at the frontline from biomechanics and sports science with data science and artificial intelligence, Racefox provides individualized coaching. Racefox delivers very significant performance improvements while detecting and addressing potential injuries before they happen. Racefox improves the performance of world class athletes as well as casual runners and skiers who practice to stay in shape and be healthy.

Satcube

Seed Round in 2016
Satcube is a satellite communications company, developing and selling terminals and services to enable people to communicate anywhere on the planet. Satcube is based in Gothenburg, Sweden.

Sumline AB

Seed Round in 2016
Sumline is an intelligent mobile app that provides truly personal media feeds tailored to every interest. The more the user uses Sumline, the smarter it becomes. In short Sumline works in the following way: 1) Big Data. We collect a large volume of data from the Internet and structure it into a manageable format 2) Catalogue Content.

Volumental

Pre Seed Round in 2012
Volumental's platform enables everyone to create an accurate 3D body model to customize products and services. Their globally praised 3D scanning software has created thousands of models on Volumental.com and is used for 3D printing and for customizing products by market leaders in the retail and medical industries.

Teclo Networks

Seed Round in 2010
Teclo Networks provides TCP/IP data acceleration solutions that improve data delivery across networks to mobile operators and businesses in Switzerland and internationally. The company offers S-Series, an in-line solution that optimizes TCP/IP for mobility without requiring modified client side software. Its mobile operator solutions manage data traffic through protocols, such as TCP/IP, HTTP, HTTPS, SMTP, and IMAP across network infrastructures, including LTE, 3G, and Wi-Fi. The company also provides support, network consultancy, and training services. Teclo Networks was founded by Jane Walerud in 2009 and is headquartered in Zurich, Switzerland.

Ellen.se

Seed Round in 2005
Ellen AB was founded in 2000 and is a Swedish biotech company that develops high-quality products that give a sense of wellbeing and address intimate health conditions. Specially designed for women's sensitive intimate areas, the products contain probiotics or have a high proportion of natural and organic ingredients. Ellen's products are sold by a finely tuned network of distributors, the majority of which are based in Europe. Its probiotic products are unique in the world and patent protected. In 2003, Ellen was the first company in the world to offer a tampon treated with lactic acid bacteria that restores the bacterial vaginal flora balance. Since then, ellen® tampon has been launched in several European countries and sells for some SEK 100 million in European pharmacies. In 2012, Ellen released a probiotic intimate cream based on the same combination of several probiotic strains (LN inside, LN®) as those used to treat the tampons. LN® bacteria are both preventive and restorative. New intimate care products will be launched that will enhance the company's unique probiotic product portfolio in 2014. In just a short period of time, Ellen has evolved from a one-product company to a multiple-product company with a portfolio comprised of several intimate care products that complement each other.

Klarna

Pre Seed Round in 2005
Klarna is an e-commerce payment solutions platform for merchants and shoppers. The platform gives customers the freedom to choose how and when to pay. The company also offers direct payments, pay-after-delivery options, and installment plans. Klarna is a regulated bank known for its “buy now, pay later” model, offering shoppers interest-free financing on retail purchases throughout installments. The Klarna app enhances the shopping experience by providing top retailers with flexible payment options and cashback rewards.

Meqon Research

Seed Round in 2005
Meqon Research develops physics middleware for the computer game industry.

VoiSec

Seed Round in 2005
VoiSec provides security apps for their citizens.

Midsummer

Seed Round in 2004
Midsummer was founded in 2004 by people with a background from the optical disc manufacturing equipment and the photo mask industry. Midsummer has its head office in Stockholm, Sweden and has some of the most experienced CIGS researchers in Scandinavia. Thin film solar cells have long been considered as a promising technology for photovoltaics. Thin film CIGS solar cell technology has now been developed for almost 40 years. The technology has matured in the sense that several research groups have reached CIGS solar cell efficiencies over 20%. However, the transition from laboratory research to volume manufacturing has often proven quite hard. Many CIGS companies have ceased operations due to either lack of technical success or difficulties to reach profitability. In many cases, promising laboratory scale results have proven difficult to transfer to large scale volume production at a competitive cost. Midsummer, has taken a different route from the start as Midsummer’s founders have their background from the optical disc industry, making production equipment for CD and DVD manufacturing. This mature technology we decided to use for the production of CIGS thin film solar cells. As the technology relies on simultaneous parallel processing of several small area substrates, Midsummer makes 156×156 mm CIGS cells which are interconnected into modules in the same manner as silicon solar cells. By making cells, instead of large area modules, we have been able to do all our process development on 156×156 substrates and thereby avoid any upscaling issues. As the substrates are made of 0.15 mm thin ferritic stainless steel, they are flexible and can be used for lightweight flexible modules.

Panopticon Software AB

Seed Round in 2003
Panopticon Software AB is an industry leader in real-time visual data discovery solutions. Panopticon is a leader in visual data discovery for its innovative real-time technology. The company’s in-memory, high speed solution has a proven track record in capital markets, telecommunications, energy and other industries that rely on real-time visual discovery and analytics. Panopticon has also been recognized by industry and analyst organizations for being a technical and thought leader in the marketplace, including being recently named as a “Cool Vendor” in the Cool Vendors for In-Memory Computing 2013 report by Gartner, Inc.

Libego AB

Seed Round in 2002
Libego is a professional service provider in the embedded software sector.

Datawatch Corp

Post in 2002
Datawatch Corporation designs, develops, markets, and distributes business computer software products in the United States and internationally.The company sells its products through direct sales force, value added resellers, strategic partners, and distributors. Datawatch Corporation was founded in 1985 and is headquartered in Chelmsford, Massachusetts.

Telcogames

Seed Round in 2002
Telcogames offers various categories of games, such as action, card and casino, puzzles and boards, sports and racing, and strategy and RPG games.

Lensway

Seed Round in 2002
Lensway is an online shopping platform that offers contact lenses, eyeglasses, and accessories.

Bluetail Medical Group

Seed Round in 1999
Bluetail Medical Group provides regenerative therapies and sports medicine treatments. It focuses on platelet-rich plasma therapy, prolotherapy, regenerative medicine, back pain, regenerative cell injection therapy, and more. It provides its services to patients of all ages.
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