Almi Invest is a Swedish venture capital firm focused on early-stage startups, investing from pre-seed to Series A across technology, sustainability, industry, and life sciences. It operates as part of the Almi Group and is funded by the European Regional Development Fund, Almi AB, and regional partners. The firm provides not only capital but strategic guidance and access to an extensive investor network, supporting portfolio companies with growth and innovation. With a regional presence across Sweden and origins dating to 2009, Almi Invest backs startups that drive economic and environmental progress and work alongside other investors to accelerate development.

Chalmers Ventures is a Swedish venture capital firm and startup builder affiliated with Chalmers University of Technology in Gothenburg. It focuses on incubation, seed, early-stage, and growth investments in technology-based startups, especially those connected to the Gothenburg region, across sectors such as information and communications technology, new materials, environmental engineering, medical technology, and biotechnology. The organization runs programs including Incubation, Startup Camp, an accelerator, and a technology transfer program, supporting university spinouts from idea to market and reinvesting profits to sustain ongoing support.

Industrifonden is a Nordic evergreen venture capital firm founded in 1979 and based in Stockholm. It invests in early-stage technology and life science companies across the Nordic region, with a focus on deep tech, advanced materials, artificial intelligence, biotech, medtech, Industry 4.0, and cleantech. The firm provides seed to expansion capital, typically working with Swedish companies and often taking a board seat to support strategic growth. It pursues long-term partnerships with founders and actively co-invests with regional peers to help portfolio companies scale internationally. With offices in several Swedish cities, Industrifonden backs enterprises that have potential for global impact and sustainable value creation.

GP Bullhound is a technology advisory and investment firm that provides independent strategic advice on mergers and acquisitions and private placements, along with capital to technology entrepreneurs and companies worldwide. It combines technology insight with financial expertise to help founders build growth-ready businesses and connects clients with global buyers and investors across Europe, the US, and Asia. Founded in 1999 in London, the firm maintains a global presence and has advised and completed transactions for many category-leading technology companies.

Karolinska Development is a Swedish venture capital firm focusing on life sciences, healthcare and related technologies across Europe, with a Nordic emphasis. It invests in early-stage and growth-stage opportunities in pharmaceutical R&D, medical research, healthcare technology, gene research, drug delivery, biotechnology and life science tools and services. The firm aims to be a lead investor in its portfolio, typically pursuing co-investments, and targets a small number of projects annually (up to five). It supports portfolio companies through staged financing and strategic guidance, often partnering with innovators from academic institutions, and pursues exits via sale or out-licensing of products. Founded in 2003 and headquartered in Stockholm.

Sting is a Swedish startup ecosystem and accelerator that helps ambitious founders turn ideas into sustainable businesses. It focuses on ClimateTech, HealthTech and DeepTech, and runs programs such as Sting Core, a six-month accelerator; Pre-Sting; Startup Academy; Open Coaching; and Test Drive. The organization connects startups with coaches, entrepreneurs and investors, and maintains a network that includes Propel Capital. It offers resources, events and a demo day to showcase companies to investors, supporting the growth of Sweden's future technology companies to compete internationally. Based in Stockholm, Sting emphasizes community, collaboration and international expansion.

Spiltan is a Swedish growth equity and private investment firm, founded in 1986. It targets minority stakes in listed and unlisted small- and mid-sized companies across technology, finance, real estate, and industry. The firm pursues long-term ownership and active governance to create economic value, focusing on teams with domain knowledge, scalable business models, and sustainable practices. It supports portfolio companies with strategic guidance to enable growth and efficiency, and typically considers investments in the range of 20 to 100 million SEK.

European Investment Fund is the EU's financing arm for small and medium-sized enterprises and mid-caps, providing financial instruments to improve access to affordable financing across businesses throughout their lifecycle. It focuses on supporting innovation, growth, competitiveness, social impact, and sustainability across the EU, including funding for infrastructure investments. By leveraging its capital base, the EIF fosters public-private partnerships to amplify investment and shares risk with banks, funds, and other partners to mobilize lending to SMEs and equity funding for startups through guarantees and equity instruments across EU member states, candidate countries, and EFTA states.

Luminar Ventures is a Nordic venture capital firm based in Stockholm, Sweden, that backs early-stage technology startups in the Nordics. The firm focuses on scalable digital seed-stage companies across sectors including SaaS, artificial intelligence and machine learning, cybersecurity, big data, climate tech, mobility tech, IT services, and computer hardware, as well as fintech, health tech, and insurtech. It typically participates in pre-seed and seed rounds and provides active support to portfolio companies, offering strategic and growth guidance, team and organizational development, and operational assistance, with an emphasis on helping startups expand internationally and scale their operations.

SEB Venture Capital is the venture capital arm of SEB focused on fintech investments and strategic corporate venture activities. It supports entrepreneurs and innovators in launching and growing profitable fintech businesses, pursuing game-changing solutions that make the financial industry smarter, safer, and more user-friendly while emphasizing environmental responsibility. The firm seeks partnerships with SEB to leverage strategic value and drive long-term growth in the financial technology sector.

Kinnevik is a Sweden-based investment company focused on digital consumer businesses and technology-enabled growth. It acts as an active owner and partner, providing patient capital to founders and management teams across Europe and the United States to scale healthcare, software, climate, and related sectors. Founded in 1936 by the Stenbeck, Klingspor, and von Horn families, Kinnevik seeks to create long-term shareholder value by building well-governed companies that deliver growth and positive social impact. The firm engages with portfolio companies to support governance, strategy, and scale.

Sciety is a venture capital firm focused on life sciences and digital health in the Nordic region, with a base in Stockholm, Sweden. It leads investment processes and invests alongside leading venture capital firms and family offices through its Sciety Venture Partners network. The firm targets seed, early venture, and growth-stage opportunities in biotechnology, pharmaceuticals, medical technology, diagnostics, health tech, and related ICT in healthcare. It supports portfolio companies through strategic introductions, governance support, and guidance toward milestones, potential exits, M&A, or IPO. Typical deal sizes reported range from several million euros, and the firm emphasizes a data-driven approach and close collaboration with management. Sciety participates in notable rounds and maintains active involvement across the Nordic life sciences ecosystem, leveraging Sweden’s leadership in precision medicine, genomics, and digital health.

Antler is a global venture capital firm and startup incubator based in Singapore that invests in early-stage technology companies and supports startups across sectors including healthcare, finance, consumer, and software. It builds a worldwide community of co-founders and provides access to talent, mentors, and expert advisors, along with expansion support and capital to help teams form, validate business models, and grow internationally. Antler emphasizes long-term partnerships with portfolio companies, continuing to back ventures through growth stages as they scale.

Partnerinvest Norr is a Sweden-based private equity and venture capital firm focused on supporting early-stage growth in industrial, transport and technology sectors in Västerbotten and Norrbotten. The firm invests across industries with scalable business models and international potential, providing active ownership and governance to help growth-stage companies scale. Since its establishment around 2010, Partnerinvest Norr has backed numerous regional companies, often leveraging private-public funding collaborations to accelerate development. Typical initial investments range from 1 to 3 million SEK, with potential to increase to as much as 10 million SEK per portfolio company, and opportunities for follow-on investments or syndication using equity or convertible instruments. The firm coordinates funding alongside EU structural funds and regional development partners, aiming to build world-class northern Swedish companies and strengthen regional innovation ecosystems.

Northzone is a London-headquartered venture capital firm founded in 1996 with offices in New York, Oslo and Stockholm. It backs early-stage technology companies across a range of sectors, including software, artificial intelligence, healthcare, fintech, ecommerce, gaming and media ecosystems, with a global reach across Europe and the United States. The firm focuses on helping founders scale from seed to growth, leveraging its operational experience and network to support portfolio companies in product development, go-to-market strategies, and strategic partnerships.

Creades is a Stockholm-based investment firm focusing on private equity and venture capital investments in small and medium-sized Swedish and Nordic companies, both public and private. Founded in 2011 and spun off from Investment AB Öresund, the firm pursues value creation through active ownership, including board seats on portfolio companies, and uses personal and balance sheet capital to fund opportunities. It targets opportunities across industries in the Swedish and Nordic markets and aims for risk-adjusted returns for its shareholders.

Fairpoint Capital is a Stockholm-based venture capital firm focused on early-stage B2B technology companies in the Nordic region. Originating from the technology team of SEB Venture Capital, the firm operates independently with SEB as its main investor and engagement from other institutional investors. It targets late seed to Series B rounds, usually investing in the 10-40 million SEK range, and backs technologies with strong global growth potential. Sectors include artificial intelligence, Internet of Things, semiconductor technology, cloud computing, robotics, big data, computer vision, autonomous systems, security, and additive manufacturing.

Inlandsinnovation is a state-owned venture capital firm headquartered in Östersund, Sweden, founded in 2010. It invests in growth-stage companies across all industries in northern Sweden, providing capital to support scaling and regional economic development.

The European Innovation Council is a Brussels-based European Union organization established in 2018 to support deep‑tech innovation by helping startups, researchers and technology transfer activities move ideas toward market. It operates a portfolio of programs including Pathfinder, Accelerator, Transition, STEP Scale Up and Pre-Accelerator, and collaborates with partners to provide funding, mentorship and resources across the innovation lifecycle. The council emphasizes high-impact, science‑driven technologies with broad societal benefit and promotes inclusion, with initiatives to involve women‑led projects. It engages the wider ecosystem through awards, events and community initiatives and monitors impact through data platforms. By coordinating with private investors and other stakeholders, it aims to accelerate the scale-up of European deep‑tech firms and strengthen Europe’s position in global technology leadership.

J12 Ventures is a Nordic-focused venture capital firm headquartered in Stockholm, with offices in the United Kingdom and Finland. Founded in 2019, it concentrates on pre-seed and early-stage technology and software companies, with a particular emphasis on artificial intelligence. The firm uses a thesis-driven approach, backing both AI enablers—data infrastructure, developer tools, and MLOps—and AI applications across industries such as finance, industrials, retail, cybersecurity, and legal. Its investments target companies across the Nordics, Sweden, Finland, and the Baltics, and it seeks founders with ingenuity, curiosity, and resilience to accelerate AI adoption and deployment.

Creandum is a Stockholm-based European early-stage venture capital firm that invests in innovative technology and consumer goods companies across Western Europe and North America. Founded in 2003, the firm provides capital, operational expertise, and a broad industry network to help portfolio companies grow from seed to exit. Its advisory teams operate from offices in Stockholm, London, Berlin, and San Francisco and have supported notable tech companies such as Spotify, Klarna, Depop, Trade Republic, Pleo, and neo4j.

Wellstreet is a Nordic-focused venture capital firm and early-stage investor based in Sweden that builds and accelerates startups through a curated ecosystem of industry experts, mentors, and investors. It emphasizes sustainability and ESG, supporting portfolio companies from early stages through scale-up and exit planning. Wellstreet provides hands-on support and strategic guidance, positioning itself as a dedicated partner rather than a traditional VC. The firm backs companies across sectors including consumer direct, SaaS, B2B services, infrastructure technology, e-commerce, fintech, martech, greentech and proptech, and it highlights a track record of helping startups achieve notable successes such as Tibber, DanAds, Regily and Scrive.

HealthCap is a life sciences investment firm founded in 1996 and headquartered in Stockholm, Sweden. The firm focuses on funding late-stage and early-stage life sciences companies across Europe, with a portfolio spanning healthcare, biotechnology, pharmaceuticals and related areas, including targeted therapies for rare, cancer and genetic diseases with high unmet medical needs. HealthCap has financed a substantial number of portfolio companies, over 132, with 34 approved pharmaceutical products and treatments reaching more than 5 million patients across 14 markets, and has supported numerous exits including 48 IPOs. The firm emphasizes responsible and sustainable investment practices and collaborates with researchers, investors, portfolio companies, patients and other stakeholders to advance therapies and improve healthcare outcomes worldwide. HealthCap manages multiple funds and maintains a global reach while staying rooted in its European life sciences focus.

Balderton Capital is a London-based venture capital firm that invests in early-stage and growth technology companies across Europe. It supports founders at every stage with strategic guidance, introductions to professional service providers, and access to workshops and a broad network of executives. The firm emphasizes founder wellbeing as a core element of its approach and aims to foster sustainable growth, long-term value, and successful exits. Balderton typically targets sectors including information technology, fintech, software, security, consumer technology and related services, backing companies from seed to scale across Europe.

Spintop Ventures is a Nordic seed- and early-stage venture capital firm focusing on software-based technology companies. Founded in 2010 and headquartered in Sweden, it operates with an operator-led, hands-on approach and emphasizes sustainability and ESG across its investment process. The firm backs ambitious founders in the Nordic region at early stages, typically providing initial investments and enabling follow-on support to scale global winners. With a portfolio of over 35 companies, Spintop supports ventures that improve productivity, digital infrastructure, and the circular economy, seeking measurable impact alongside growth.

Brightly Ventures is a Nordic early-stage technology investment firm founded in 2018 and based in Stockholm, Sweden. It focuses on seed and early venture opportunities in technology companies across the Nordic region, including Sweden, Norway, Denmark, Finland, and Iceland. The firm targets sectors such as HealthTech, FinTech, Marketplaces, DeepTech, and MediaTech, and makes equity investments typically within a mid-range ticket size aligned with early-stage growth (SEK 2 million to SEK 50 million) and enterprise values of SEK 20 million to SEK 150 million. Brightly Ventures emphasizes hands-on support, leveraging its networks and experience in company-building to help portfolio companies achieve international reach, with a long-term partnership approach.

BackingMinds is a Stockholm-based venture capital firm founded in 2016 that invests in early-stage technology companies. It seeks entrepreneurs outside traditional, homogeneous networks and pursues a hands-on partnership model where backing is seen as a mindset and active collaboration beyond capital. The firm funds scalable, customer-centric ventures with proven revenue models across industries, taking an industry-agnostic approach and providing time, effort, and networks to help founders grow. Through a diverse portfolio, BackingMinds emphasizes supporting undervalued entrepreneurs and expanding opportunities beyond conventional startup ecosystems, with a focus on Sweden and global markets.

Bonnier is a Nordic-origin media group with operations across TV, newspapers, business press, magazines, film, books, radio and digital media. It has a global footprint with activities in the United States, Germany, the United Kingdom and Eastern Europe, spanning 16 countries and employing over 9,000 people. Founded in 1804, Bonnier combines a long-standing commitment to freedom of speech with a focus on sustainable business growth. The company is wholly owned by the Bonnier family, a succession that has guided its development for seven generations. Its portfolio centers on delivering high-quality media products and services while maintaining an emphasis on entrepreneurship and content innovation.

Inventure is a Helsinki-based venture capital firm founded in 2005 that backs early-stage technology companies across the Nordic and Baltic regions. It supports startups operating in software, deep tech, artificial intelligence, healthcare, and other digital services, collaborating with ambitious founders to build lasting value. The firm typically makes initial investments ranging from €100,000 up to €10,000,000 over a company’s life cycle and emphasizes long-term partnerships and practical support to accelerate growth.

TeknoSeed is a Lund, Sweden-based venture capital firm focused on early-stage and seed investments in life sciences and information and communications technology, including medtech, biotech, pharma, hardware, software and services. It finances startups involved in research and development and works actively with portfolio companies, often taking a board seat to help expand value and prepare for exits. The firm targets exits within three to seven years via trade sales or initial public offerings and concentrates its activity in southern Sweden, aligning with regional innovation and commercialization efforts.

Aggregate is a Stockholm-based venture capital firm specializing in media-for-equity investments and media-based expansion capital. It targets media companies in Sweden and the Nordic region (Sweden, Denmark, Finland, and Norway) and has a long track record since 2002, with hundreds of transactions across e-commerce, digital services and B2B ventures, leveraging media advertising to support growth.

InnoEnergy is a European organization established in 2010 by the European Institute of Innovation and Technology to industrialize clean tech innovation and enable a global net-zero economy. It finances seed and early-stage climate and clean-tech companies across Europe and the United States, aiming to de-risk ventures and accelerate scale. Beyond funding, InnoEnergy develops the workforce and strengthens the clean-tech value chain through education and collaboration with industry, finance, policy, and academia in 21 EU countries and the US. By 2024 it had supported more than 1,400 companies, with over 100 active portfolio firms, and it tracks a potential CO2e reduction of 0.3 gigatons by 2030. The organization promotes industrial champions and talent development through programs, events, and partnerships that advance technologies in energy storage, batteries, wave energy, decarbonization, and other clean-tech sectors.

VNV Global is a Stockholm-based investment firm focused on growth capital and venture investments in online marketplaces and network-effect businesses. It targets consumer-facing and business-to-business companies worldwide, with a preference for unlisted opportunities and the option to take minority or majority stakes. The firm emphasizes active governance through board representation to drive value creation and durable competitive advantages. It invests across stages, including incubation, seed/startup, and growth, prioritizing scalable opportunities with global reach while excluding China. The approach centers on patient capital, leveraging experience and networks to identify assets with substantial upside.

Atomico is an international investment firm that focuses on helping disruptive technology companies scale globally. It partners with technology founders at the seed stage and beyond, with a particular focus on Europe, leveraging deep operational experience to accelerate growth. The firm's team of founders, investors, and operational leaders has driven global expansion, hiring, and marketing at companies such as Skype, Google, Twitter, Wise, and Snowflake. It invests across seed, startup, Series A, early venture, mid venture, late venture, emerging growth, and growth capital. Founded in 2006, Atomico is headquartered in London and operates offices in Paris, Berlin, and Stockholm.

Alfvén & Didrikson is a Stockholm-based venture capital firm founded in 2010 that backs Northern European companies with ambitious international growth plans. It acts as an active, long-term partner, providing engaged, transparent and value-focused support to portfolio companies to foster long-term value through investments in people and businesses. The firm emphasizes a philosophy of fun, purpose and profit, promotes entrepreneurship and risk-taking, and relies on collaboration and long-term incentives to achieve success.

Rite Ventures is a Stockholm-based growth equity and venture capital firm that invests its own capital in Nordic technology-enabled companies, with a focus on Sweden and Finland in IT services, software as a service, IT infrastructure, digital brands, and e-commerce. It emphasizes active ownership with a minority stake to align incentives for long-term leadership and follows a proven value-creation process supported by a strong network and track record. The firm backs early growth to mid-market expansion, leveraging customer value, technology, AI, and data to enable sustainable B2C and B2B growth and durable business processes. Portfolio examples include Skincity and Nebula among others. The firm pursues disciplined capital management and selective value-creating partnerships, with an emphasis on ethical standards and avoiding excessive debt. Rite Ventures is headquartered in Stockholm and operates across the Nordic region.

DHS Venture Partners is a Stockholm-based venture capital firm that invests in early-stage, innovative startups in Sweden. Founded in 2015, it draws on the experience of Stockholm School of Economics alumni with backgrounds in entrepreneurship, investing and operations. The firm combines capital with hands-on support, proximity to portfolio companies, and access to a broad professional network to help startups grow and scale. It offers co-investment opportunities and practical guidance through its community and resources, enabling founders to navigate early growth, recruitment, and market entry. The approach emphasizes collaborative involvement and long-term development rather than purely financial backing.

Oxx is a venture capital firm based in London and Stockholm, founded in 2017, that invests in European B2B software companies at the scale-up stage. The firm supports portfolio companies with strategic guidance, expert insights and access to a dedicated network to help build a repeatable, sustainable growth engine focused on Go-To-Market Fit. Oxx emphasizes long-term partnership with founders and aims to back the next generation of SaaS leaders by providing tailored support to accelerate growth across Europe.

Wave Ventures is a venture capital firm founded in 2016 and based in Helsinki, Finland and Stockholm, Sweden. It concentrates on pre-seed and early-stage investments across the Nordics and Baltics, backing first-time founders and Gen Z entrepreneurs. The firm is described as Europe's largest student-run venture capital and operates with a small team formed by graduates from top regional universities. Its portfolio is informally grouped as The Wave, and the firm emphasizes proactive support for portfolio companies, pursuing opportunities across Denmark, Finland, Iceland, Norway, Sweden, Estonia, Latvia, and Lithuania.

Founded in 2007 and based in Malmö, Sweden, Sparbanksstiftelsen Skånes Riskkapitalstiftelse is a regional venture capital investor. The firm seeks to finance high-risk projects in business-to-business, manufacturing, biotech, and pharmaceutical sectors to stimulate growth and employment in Skåne. It operates with an Investment Committee that meets six times per year and provides feedback on proposals, with applications accepted year-round.

Incore Invest is a growth equity firm based in Stockholm, Sweden, focused on growth-stage investments in technology-driven companies, with a Nordic emphasis on fintech, SaaS, and B2B software. Founded in 2022, the firm combines an entrepreneurial background with active ownership and a broad industry network to support portfolio companies in scaling and pursuing international growth, and it has a track record of exits from companies such as PaymentIQ, Brite, Froda, Mynt, and Kameo while continuing to seek new opportunities and provide hands-on strategic guidance to founders.

PINC is the corporate venture capital arm of Paulig Group, based in Stockholm, Sweden, established in 2018 to back early-stage innovation in food and agriculture. It pursues strategic, financial, and societal impact through pre-seed and seed investments across the agrifood value chain, working closely with entrepreneurs and Paulig's business units. Its three primary themes focus on improving planetary health and diet within the current system—through innovations in agriculture, sustainable ingredients, and climate tracking—on technologies to feed ten billion people by 2050, such as precision fermentation and cell culture, and on building a circular system for food and materials, including upcycled ingredients, waste reduction, and improved packaging. PINC seeks entrepreneurs with intrinsic drive, a clear scalable plan, and a reliable team and partners to collaborate with.

Flat Capital is a venture capital firm founded in 2013 and based in Stockholm, Sweden, focusing on investing in information technology companies.

Ackra Invest is a venture capital and private equity firm based in Skellefteå, Sweden, founded in 2005. It focuses on late-stage and growth capital along with turnaround investments in small and middle-sized companies located in Norrland, particularly Västerbotten and Norrbotten. The firm does not provide loans or invest in seed or early-stage ventures and takes minority stakes between 10 and 49 percent. Typical investments range from SEK 1 million to SEK 8 million, and investments are made in equity or convertible loans, with potential for co-investments. Exit horizons are targeted within about seven years. By deploying its own capital, Ackra Invest supports companies toward growth and restructuring in the northern Swedish market.

Northern Light Capital is a venture capital firm based in Umea, Sweden, focused on supporting startups in Northern Sweden. It targets early and growth-stage investments and provides more than capital, offering hands-on expertise, networks, and active involvement to help portfolio companies grow. The firm emphasizes regional value creation by collaborating with entrepreneurs to build ambitious growth companies and develop the local ecosystem through long-term commitment and active engagement with founders.

Otiva is a Stockholm, Sweden-based investment firm established in 2017 that conducts equity investments across growth stages, from Series A to late-stage, including private and public opportunities. The firm operates with an agile, long-term approach and provides information about its investment offerings through a structured platform, enabling inquiries via a dedicated contact channel.

Curitas Ventures is a venture capital firm founded in 2020 and based in Stockholm, Sweden. It acts as an early-stage and growth investor, backing technology, life science, and sustainability companies operating in the Nordic region. The firm is led by individuals with entrepreneurial experience and focuses on supporting teams that build meaningful products and services, create social value, and achieve sustainable commercial success.

Hadean Ventures is an Oslo-based investment firm focused on life sciences and healthcare. It invests in European life science and healthcare companies across stages, including pharmaceuticals, biotechnology, medical devices and supplies, and digital health, with activity centered in Oslo and Stockholm and a network with leading academic institutions and startup hubs to support portfolio companies. Founded in 2014, the company is backed by private and institutional investors and aims to advance biomedical innovation and patient care across Europe.

Butterfly Ventures is a venture capital firm headquartered in Oulu, Finland, focused on seed and early-stage investments in deep tech, hardware, and hardware-interfacing software. Founded in 2012, it operates across the Nordic and Baltic regions and maintains offices in Oulu, Helsinki and Stockholm. The firm adopts an active, cooperative approach, providing substantial support to startups early in their development and prioritizing societal impact and sustainability alongside technical potential. Its investments target innovative companies with the potential to advance sectors such as energy, healthcare, and network infrastructure, aiming to foster long-term value beyond financial metrics.

PropTech Farm is a venture capital firm based in Gothenburg, Sweden, focused on investing in and accelerating startups in the proptech space, including smart buildings, property management, real estate technology, clean tech, smart cities, and related finance applications. It targets the Nordics and Southeast Asia, acting as a scale-up and growth engine to help high-potential startups expand beyond their home markets. The firm emphasizes IoT, AI, and SaaS solutions, energy management, sustainable materials, and urban infrastructure, aiming to advance efficiency and sustainability in property operations. By supporting growth-stage companies with funding, mentorship, and market expansion, PropTech Farm seeks to reshape the property landscape and enable sustainable business growth amid evolving regulatory expectations.