Almi Invest GreenTech is a venture capital company based in Stockholm, Sweden, focusing on early-stage investments in clean tech, climate tech, and life sciences sectors.

Founded in 1979, Industrifonden is a Swedish venture capital firm focusing on early-stage investments in technology and life science companies with international potential. It invests in sectors such as internet and media, information technology, telecom, mobile, electronics, industrial growth, pharmaceuticals, medical technology, manufacturing, and established service companies. The firm typically invests between SEK 5 million to SEK 145 million per company, seeking ownership interests of between 15% and 50%. It actively co-invests with other regional venture capital firms and usually exits its investments within five to ten years.

Chalmers Ventures is a Swedish venture capital firm based in Gothenburg that supports technology-driven companies through coaching, financing and business development. The firm invests across seed, early, and growth stages in Sweden, with programs that include incubation, startup camps and accelerator activities as well as a technology transfer program. It focuses on companies connected to the Gothenburg region and Sweden operating in information technology, communications, new materials, green tech, health tech and biotechnology, and seeks innovative ventures with growth potential. The firm typically makes minority investments and uses a staged funding approach, providing capital through various program phases and through balance sheet investments. It partners with ventures that participate in its programs, helping them advance from explore to scalable stages and achieve commercial success.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

Founded in 2014, Sciety is a Stockholm-based investment company focused on supporting innovative life science and health tech companies in the Nordic region. It invests in biotechnology, pharmaceuticals, medical technology, and health tech sectors, with deal sizes ranging from 1 to 15 MEUR.

Founded in 2004, SEED Capital Denmark is a venture capital firm based in Copenhagen, Denmark. It focuses on seed-stage financing for technology-related companies across the Nordic region.

Luminar Ventures is a Stockholm-based venture capital firm that concentrates on early-stage technology investments in the Nordic region, with a focus on Sweden-based startups seeking to disrupt major industries through digital innovations. The firm provides seed financing alongside active operational support, offering strategic guidance, growth planning, and assistance with organizational development to help portfolio companies scale. It targets scalable digital seed-stage companies led by ambitious entrepreneurs and backs ventures across areas such as fintech, artificial intelligence and machine learning, healthtech, and insurtech. By combining capital with hands-on support, Luminar Ventures aims to strengthen the foundations for rapid expansion and long-term success within the Nordic tech ecosystem.

Northzone is a London-headquartered venture capital firm with offices in New York, Oslo, Stockholm, and across the Nordics. Established in 1996, it pursues early- and multi-stage technology investments in healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming. The firm leverages a global network to help portfolio companies scale, connecting them with customers, partners, and key talent. Northzone has backed influential founders and built relationships with category-defining businesses, having partnered with the founders of Spotify, Klarna, iZettle, Hopin, and others. The organization has raised over €1.5 billion in funds to support its investments.

Founded in Singapore in 2017, Antler is an early-stage venture capital firm that invests globally. It focuses on backing exceptional founders from day one, offering a global community network of co-founders, talent, advisors, expansion support, and capital across various sectors such as technology, healthcare, finance, consumer goods, and more.

Inventure is a Helsinki, Finland-based venture capital firm established in 2005 that focuses on early-stage technology startups in the Nordics and Baltics. It backs seed and Series A rounds, with initial investments typically starting around €100,000 and potentially rising to €10 million over a company’s life cycle. The firm concentrates on software, technology, and next-generation digital services across deep tech and consumer internet sectors. Its portfolio includes several notable companies such as Wolt, Detectify, Blueprint Genetics, Swappie, and Insurello.

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.

Crowberry Capital is a venture capital firm based in Reykjavik, Iceland, focused on seed and early-stage technology startups across the Nordic region. The firm backs teams with strong technology advantages and supports building fast-growing, international companies that can scale beyond the Nordics. It emphasizes a hands-on approach throughout the investment cycle, from seed to exit. The team combines extensive experience in managing technology startups and exits with a global outlook gained from work in multiple countries. Investments span sectors such as health tech, software-as-a-service, fintech, gaming and consumer products, reflecting a broad tech mandate in the Nordic ecosystem.

Founded in 2015, Zenith is a venture capital firm investing in early-stage tech companies across the Nordic region. It focuses on scalable business models and diverse teams, providing active support to portfolio companies alongside entrepreneurs.

Nordic FoodTech VC is a venture capital firm based in Helsinki, Finland, founded in 2018. It focuses on early-stage investments in Nordic food tech companies, supporting startups across the Nordic region, including Denmark, the Faroe Islands, Finland, Iceland, Norway, and Sweden. The firm targets innovative solutions in the food sector and aims to back companies that drive the future of food in the Nordic market.

Gorilla Capital Management Oy is an investment firm focused on early-stage technology companies in the Nordic region, specifically targeting businesses in Finland, Sweden, Denmark, and Estonia. The firm seeks to identify and support innovative startups with the potential for significant growth in the technology sector. By providing capital and strategic guidance, Gorilla Capital aims to foster the development of promising enterprises that can contribute to the dynamic landscape of the Nordic technology market.

J12 Ventures is a Stockholm-based venture capital firm that backs pre-seed and early-stage technology and software startups, with a focus on AI, data infrastructure, and enterprise applications. It targets the Nordic and Baltic regions, including Sweden, Finland, and the Baltics, and maintains offices in the United Kingdom and Finland. Typical equity investments range from €0.1 to €2 million. The firm backs founders building software infrastructure that makes data more accessible and AI applications for enterprises, consumers, and healthcare. Founded in 2019, J12 Ventures operates to support ambitious early-stage founders in the tech ecosystem.

Link Capital is a Nordic venture capital firm investing in early-stage technology companies across software, mobility, clean energy, and other innovative sectors.

AMAVI Capital is an independent European investor focused on supporting growth within the PropTech industry across Benelux, Nordics, Germany, Switzerland, and France. Established in 2020, AMAVI aims to bridge traditional real estate with innovative PropTech companies by leveraging its expertise from real estate, technology, and private equity sectors.

Wellstreet Partners is a venture capital firm established in 2016 and located in Sollentuna, Sweden. The firm focuses on investing in early-stage Nordic-based companies across various sectors, including direct-to-consumer, software as a service, business-to-business services, infrastructure technology, e-commerce, fintech, marketing technology, greentech, and proptech. Wellstreet is dedicated to fostering innovation and entrepreneurship by challenging the status quo and facilitating the transformation of small businesses into significant players in their respective fields. The firm has been instrumental in the success of numerous startups, emphasizing the development of a supportive ecosystem to enhance value propositions and disrupt traditional markets. Through its commitment to driving progress and embracing change, Wellstreet Partners aims to contribute to a better future filled with opportunities and advancements.

Vaekstfonden is a Danish state-owned investment fund that provides risk capital to businesses across all sectors. It partners with banks and domestic and international private investors to finance companies from early development through growth, expansion abroad, and initial public offerings. The fund aims to improve access to capital, foster innovation, and create jobs within Denmark.

GP Bullhound is a London-headquartered technology advisory and investment firm founded in 1999. It provides independent strategic advice and capital services to entrepreneurs, companies, and investors, focusing on mergers and acquisitions, private placements, IPOs, and other corporate transactions in the technology sector. The firm blends technology insight with financial expertise to help founders build scalable, category-defining businesses, leveraging access to buyers and capital across Europe, the United States, and Asia. GP Bullhound maintains a global footprint with offices in multiple regions and has advised notable technology leaders such as Spotify, Delivery Hero, Avito, and Fjord. Its services span software, consumer tech, and related sectors, positioning GP Bullhound as an independent advisor and deal-maker for technology companies.

Skyfall Ventures is a venture capital firm based in Oslo, Norway, established in 2016, although it has been investing since 2014. The firm focuses on seed-stage investments in Nordic technology companies across various sectors, including consumer, SaaS, and enterprise. Skyfall Ventures aims to support early-stage businesses by providing capital and resources to help them grow and succeed in the competitive technology landscape. Since its inception, the firm has invested a total of NOK 100 million across multiple companies, demonstrating its commitment to fostering innovation in the Nordic region.

Innovestor is a Nordic venture capital investor based in Helsinki, Finland. It provides funding and strategic support to growth companies and offers investors access to carefully selected opportunities. The firm focuses on technology, life sciences, health, and related sectors such as cleantech, industrial technologies, consumer, and enterprise software, leveraging a team of experienced professionals and industry experts. The company is supervised by the Finnish Financial Supervisory Authority.

Spintop Ventures is a Stockholm-based venture capital firm founded in 2009 that invests in seed and early-stage Nordic software and technology companies. Backed by a network of accomplished tech entrepreneurs, industrialists and experienced private investors, the firm focuses on early-stage opportunities in the Scandinavian region and supports founders through growth. Since inception, Spintop Ventures has completed around 35 investments and achieved four exits.

Founded in 2016, Wave Ventures is a venture capital firm specializing in pre-seed investments across the Nordics and Baltic regions. Based primarily in Finland with an additional office in Sweden, it focuses on supporting Gen Z entrepreneurs at the earliest stage.

Sting Capital AB, established in 2005 and based in Kista, Sweden, is a venture capital firm and accelerator focused on nurturing early-stage startups. It offers two primary programs: Sting Incubate and Sting Accelerate. Through these, Sting Capital provides initial grants of SEK 0.3 million ($0.03 million), with the possibility of up to SEK 0.5 million ($0.05 million) for Incubate, in exchange for equity stakes of 5% (Incubate) or 2% (Accelerate). The firm supports around 15-20 companies per year through Incubate (12-month duration) and 8 companies per batch (4-month duration) through Accelerate, with a focus on AI/deeptech, internet/media, health, sustainability, and games sectors. Sting Capital also offers coaching, a business angel network, a recruitment service, and an international network to foster the growth and global competitiveness of Swedish technology companies.

Voima Ventures is a venture capital firm based in Finland, founded in 2019. It invests in early-stage deep-tech startups across the Nordics and Baltics, spanning bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics, software and ICT, and AI. It provides seed to Series A/B funding and partners with portfolio companies to accelerate growth, supporting science-driven ventures that address global challenges. Cornerstone investors include VTT Technical Research Centre of Finland and the European Investment Fund, with backing from Finnish private and institutional investors.

Novo Holdings is a Danish holding and investment firm managing the assets of the Novo Nordisk Foundation. Established in 1999, it invests globally in life science companies at all stages of development, with a portfolio also including equities, bonds, real estate, and infrastructure.

Founded in 2003, Creandum is a Stockholm-based early-stage venture capital firm focusing on innovative technology companies across Western Europe and North America. The firm supports founders by providing not only capital but also operational expertise and a robust network built over years in the industry.

Spring Capital is a Tallinn, Estonia-based venture capital firm that backs technology startups in the Baltic and Nordic regions. It pursues seed and growth investments, typically taking minority equity stakes. Seed checks generally range from €75,000 to €200,000 to support scalable technology-driven startups, often as part of larger rounds that provide at least 18 months of runway. Growth investments range from €300,000 to €700,000 and acquire minority ownership in companies that are EBITDA-positive or near profitability. The firm focuses on information technology opportunities across Denmark, Estonia, Latvia, Lithuania, Norway, Sweden, and the broader Baltics and Scandinavia. Investment capital is sourced from the firm’s management, reflecting a hands-on approach for early-stage and growth-stage tech companies.

NorthCap Partners, established in 2007, is a private equity and venture capital firm based in Copenhagen, Denmark. It specializes in investing in technology companies across various stages of development, from seed to growth. The firm focuses on information technology and software, with a particular emphasis on cloud computing (SaaS), communications, mobile/mobility, online services, and e-commerce. NorthCap Partners prefers to invest in business-to-business (B2B) and business-to-business-to-consumer (B2B2C) fields, with a strong preference for companies based in the Nordic region, particularly Denmark. The firm typically invests between €1 million and €5 million, seeking companies with a turnover between DKK5 million and DKK50 million. It aims to provide strategic support to its portfolio companies, often taking a board seat, and frequently co-invests with local and international VCs. NorthCap Partners focuses on United States pricing for exits.

Vendep Capital is a Finland-based early-stage venture capital firm that concentrates on pre-series A technology companies across Europe. It specializes in B2B software-as-a-service and B2B marketplaces, with a regional focus on the Nordics and Baltics. The firm supports founders with its SaaS expertise and global networks to accelerate growth, and its initial investments typically range from 0.1 to 3 million euros depending on the company’s stage.

byFounders is a venture capital firm founded in 2017 and based in Copenhagen, Denmark. It invests in early‑stage technology companies across the Nordic and Baltic regions, providing capital and practical support to founders seeking to build globally ambitious businesses. The organization is a collective of accomplished entrepreneurs who invest in and mentor the next generation of startups, operating on a founder‑centric ethos described as for founders, byFounders. Its focus includes information technology and related tech sectors, with a hands‑on approach that helps portfolio companies scale and navigate the regional ecosystem through active involvement in growth strategy and governance.

PreSeed Ventures is a venture capital firm founded in 2000 and located in Kongens Lyngby, Denmark. It specializes in investing in early-stage companies, particularly in the life science, information technology, advanced manufacturing, and clean technology sectors within Denmark and Sweden. The firm operates at the pre-seed stage, providing essential support to founders as they transform their startup visions into successful businesses. With a strong foundation in the technological research environment at Denmark's Technical University, PreSeed Ventures leverages its extensive experience in nurturing promising startups while minimizing risks associated with early investments. In 2020, the firm launched its first commercial venture fund, continuing its mission of fostering innovation and growth among emerging companies.

DHS Venture Partners is a venture capital firm founded in 2015 and based in Stockholm, Sweden. The firm is dedicated to supporting early-stage startups in the Nordic region, focusing on turning innovative ideas into sustainable businesses. DHS provides entrepreneurs with access to a wealth of expertise and hands-on support, akin to that of an angel investor, while also leveraging the resources and network of an experienced community to enhance growth opportunities.

TrueSight Ventures is a venture capital firm that backs early-stage startups in Europe and the United States, focusing on Nordic and United Kingdom markets. Founded in 2018, it operates from the United Kingdom with offices in London, Stockholm, and Esher. It is industry-agnostic and concentrates on pre-seed and seed investments across sectors including artificial intelligence, machine learning, education technology, fintech, health tech, marketing, marketplaces, consumer technology, security, data analytics, and business applications.

Karolinska Development is a Nordic-focused venture capital firm based in Sweden that invests in growth, seed, and early-stage life sciences companies. Founded in 2003, it concentrates on pharmaceutical research and development, medical research, healthcare technology, gene research, drug delivery and other life science tools and services, with a geographic focus on the Nordic region (Sweden, Norway, Denmark, Finland and Iceland). The firm typically acts as a lead investor and prefers to fund a limited number of projects each year, developing selected innovations from scientific discovery to value creation. Portfolio companies are often started with minimal fixed costs and outsourced development, collaborating closely with inventors and a Karolinska Development representative on the board. Exits are pursued through sale or licensing of products, frequently after mid-stage validation, with milestones and royalties guiding payments.

Arkwright X is a venture capital and incubation firm established in 2017 and located in Oslo, Norway. The firm specializes in investing in pre-seed and seed-stage startups, primarily focusing on B2B technology companies in the Nordic region. Arkwright X aims to support exceptional founders by leveraging its venture experience and management consulting expertise. The firm typically makes equity investments ranging from approximately $0.06 million to $0.13 million, with a willingness to participate in later funding rounds.

Founded in 2010, EIT InnoEnergy is a leading European innovation engine focused on Sustainable Energy. It invests in early-stage climate tech and energy companies across Europe and the US, providing equity minority investments and added value services to de-risk projects.

Founded in 2005, Conor Venture Partners is a Finnish venture capital firm specializing in early-stage investments in technology companies across Nordic and Baltic countries. The firm focuses on areas such as information and communications technology, embedded software, semiconductor technology, electronics, new materials, and optics.

Founded in 2012, Butterfly Ventures is a seed-stage focused venture capital firm based in Oulu, Finland. It invests primarily in early-stage deep tech and hardware startups across the Nordics.

Futuristic.vc is a venture capital firm based in Copenhagen, Denmark, with an additional office in Aarhus C. Founded in 2017, the firm focuses on pre-seed, seed, and early-stage investments, primarily targeting the Nordic region. Futuristic.vc is sector agnostic but shows particular interest in SaaS, B2B, and B2C sectors. The firm typically provides initial financing of up to EUR 100,000, aiming to support ambitious entrepreneurs with innovative ideas. With a founders-first approach, Futuristic.vc seeks to empower bold Nordic entrepreneurs in their quest to build impactful businesses.

Vidici Ventures AB is a private equity and venture capital firm based in Stockholm, Sweden, founded in 2012. The company specializes in investing across various stages, including seed, start-up, early, mid, and late-stage ventures, with a strong focus on the fintech sector. Vidici Ventures was established by entrepreneurs who recognized the potential for fintech innovation in the Nordic region. The firm collaborates closely with entrepreneurs and management teams to foster partnerships that enhance the growth and development of promising fintech companies. With extensive experience in scaling high-growth fintech ventures, Vidici Ventures plays a crucial role in supporting a diverse range of ambitious and emerging fintech businesses in today's competitive landscape.

Founded in Stockholm, Sweden in 2008, Helix Kapital is a growth-focused investment company specializing in Nordic SMEs.

Founded in 2018, Brightly Ventures is a Stockholm-based venture capital firm specializing in early-stage investments. It focuses on the Nordic region and sectors such as HealthTech, FinTech, Marketplaces, DeepTech, and MediaTech. The firm invests between SEK 2 million to SEK 50 million, with enterprise values ranging up to SEK 150 million.

Upfin is a specialized early-stage investor focused on fintech companies.

Norselab is a Nordic impact investment platform and venture investor headquartered in Oslo, Norway. Founded in 2015, it backs net-positive technology and impact-driven companies through equity and credit investments, supporting startups and growth-stage firms across Norway and the Nordic region. The firm targets businesses that improve resource efficiency and drive sustainable change in resource-intensive industries, combining capital with hands-on support to help ventures scale responsibly.

Sustainable Technologies Fund is a venture capital firm based in Stockholm, Sweden, founded in 2007 by Anders Frisk and André Heinz. The firm focuses on investing in early to growth-stage companies that develop sustainable and clean technologies. Its investment areas include energy efficiency, recycling and waste management, energy storage, sustainable materials and chemicals, renewable energy generation, as well as water, soil, and air purification. Sustainable Technologies Fund primarily targets companies in the Nordic region, making initial investments typically ranging from €1 million to €3 million, with the potential to invest a total of €4 million to €6 million per company over the investment's lifespan. The firm generally seeks to invest in businesses with annual revenues between €2 million and €10 million and prefers to take minority positions while securing active board involvement in its portfolio companies.

Neqst Partner AB, established in 2008 and headquartered in Stockholm, Sweden, is a venture capital firm specializing in growth-stage investments. It focuses on technology and technology-enabled companies within the software, IT services, telecommunications, and internet-enabled services sectors, primarily in the Nordic region. The firm invests in companies with revenues ranging from SEK 50 million to SEK 3000 million, seeking significant ownership and board representation. It makes both primary and secondary investments in public and private equities, and may use moderate leverage.

Lifeline Ventures is a Helsinki-based venture capital firm that concentrates on early-stage investments in health, games, web and technology sectors. Founded in 2009 by serial entrepreneurs, the firm partners with founders from the earliest days and primarily targets opportunities in Finland, while pursuing select investments abroad. It supports inception-to-Series A rounds and typically commits between €0.15 million and €2 million per deal.