Industrifonden is a venture capital firm specializing in investments in early stage, seed, start-up, development and expansion capital in small and medium size companies. It invests in technology, life science, and industrial growth. Within technology sector it focuses on internet and media, information technology including hardware and software, telecom, mobile, electronics, Industry 4.0(automation, robotics, IoT), B2B Software, metal, disruptive technology, deep tech (AI, blockchain, new materials), industrial technology, and cleantech. Within life science sector is focuses on pharmaceuticals and medical technology. Within industrial Growth it focuses on manufacturing and established service companies. The firm invests in small and medium enterprises based in Sweden. The firm typically invests between SEK 5 million ($687,500) to SEK 100 million ($13.75 million) in companies with turnover up to SEK 400 million ($55 million). For expansion capital it usually invests SEK 5 million ($687,500) to SEK 100 million ($13.75) per company in information technology and life sciences sector. It usually invests SEK 5 million ($687,500) to SEK 145 million ($19.94 million) per company for expansion capital investments in industrial growth sector. The firm provides financing to companies in form of equity capital and various types of loans and guarantees. For its equity investments, it either invests directly in the company or indirectly through convertibles that are later converted to shares. The firm actively co-invests with other regional venture capital firms. It is an active minority investor that seeks ownership interests of between 15 and 50 percent. The firm usually exits its investments in five to ten years either through a sale to an industry player or via an initial public offering. Industrifonden was founded in 1979 and is based in Stockholm, Sweden with an additional office in Malmö, Sweden; Linköping, Sweden; and Gothenburg, Sweden.