7 Best Venture Capital (VC) Firms in Sweden
Curious about which VC investors are making waves in Sweden? This guide is your gateway to the top venture capital firms boosting startups across Sweden. With a knack for savvy investments and a commitment to fostering innovation, these VCs are the go-to for entrepreneurs ready to escalate their ideas. Whether you’re seeking financial muscle or strategic alliances, getting familiar with Sweden’s best VC investors could be your ticket to scaling up successfully.
Bonnier Capital (CVC)
Founded in 2016, Bonnier Capital is the corporate venture capital arm of Bonnier Group, headquartered in Stockholm, Sweden. The firm primarily invests in digital and technology sectors. It targets companies in industries demonstrating structural growth, aligning with the Bonnier Group’s core values, and where Bonnier can significantly contribute.
Headquarters: Sweden
Investment Geography: Sweden, USA, UK, Finland, Germany
Operating since: 2016
Stages: Series A, Series B, Series C
Investment Focus: Digital Media, MediaTech, HealthTech/Digital Health, GreenTech, EdTech, FinTech, AudioTech, SaaS/Software
Number of investments: 78
Number of exits: 19
Check size: $500k – $5m
Notable investments: Infarm, Juni
Founders/Key People: Jonas Hedenberg, Sofia Hasselberg
Website: https://bonnierventures.com
Creandum
Creandum, founded in 2003, is a Stockholm-based venture capital advisory firm specializing in early-stage investments. The firm primarily focuses on technology and disruptive technology across various sectors, including consumer, telecommunication, materials, semiconductors, wireless access, digital media, enterprise, and hardware companies. Creandum has a broad geographic presence with locations in Stockholm, San Francisco, and Berlin.
Headquarters: Sweden
Investment Geography: Sweden, USA, Germany, UK, Austria, Norway, Finland, Denmark, France, Hungary, Estonia, Chile, Spain, South Korea, Czech Republic, Netherlands
Operating since: 2003
Stages: Seed, Series A, Series B
Investment Focus: Enterprise Software,Enterprise Infrastructure,Data Analytics, DevTools, FinTech, InsurTech,FoodTech,Mobility, Logistics,HRTech,HealthTech,Digital Health, Fitness, eSports, Gaming,TravelTech,RetailTech,E-commerce,EdTech,VR,Digital Media, Music, Blockchain, Crypto, IoT, Marketplaces,Semiconductors
Number of investments: 265
Number of exits: 65
Check size: $200k – $8m
Notable investments: Neo4j, Spotify
Founders/Key People: Beata Klein, Daniel Blomquist
Website: https://www.creandum.com
EQT Ventures
EQT Ventures, a venture capital firm based in Stockholm, Sweden, is part of the larger EQT AB Group. Founded in 2015, the firm focuses on seed-stage, early-stage, and later-stage investments, primarily in the IT and SaaS sectors. EQT Ventures operates across Europe and the United States and has raised over €2.3 billion in total capital. Its first fund, EQT Ventures I, was launched in May 2016 with commitments totaling €566 million. The firm has been involved in multiple investments across various sectors and has established a significant presence in the VC landscape. EQT Ventures makes equity investments ranging from €100k to €75 million in startups and scale-ups across Europe and the U.S.
Headquarters: Sweden
Investment Geography: Sweden, UK, USA, Germany, Netherlands, France, Norway, Canada, Finland, Switzerland, Ireland, Portugal, Denmark, Cyprus, Estonia
Operating since: 2015
Stages: Seed,Series A,Series B,Series C
Investment Focus: Enterprise Software, MarTech, Sports, Transportation, Automotive, Autonomous Electric Vehicles, Aerospace, Fitness, Wearables, RetailTech, Delivery, FinTech, InsurTech, Gaming,Mobile,Mobility,Robotics,Digital Media, AdTech, HRTech, DevTools, HealthTech, Digital Health,Construction, CyberSecurity, Marketplaces, Hardware, PropTech, Manufacturing, FoodTech,Supply Chain,TravelTech,Data Analytics,AI,AR,VR
Number of investments: 190
Number of exits: 25
Check size: €100k to €75m
Notable investments: Einride, Wolt
Founders/Key People: Tomas Pivarci,
Website: https://eqtventures.com
Industrifonden
Industrifonden Ventures is an independent venture capital fund based in Sweden, focused on nurturing Nordic breakthrough innovations. Established by the Swedish government in 1979 as an independent foundation, Industrifonden has evolved into a prominent player in the venture capital landscape, especially within the realms of deep tech, life science, and transformative business. The fund operates with an evergreen structure, which allows it to prioritize long-term value creation over short-term gains, reflecting its commitment to sustainable investment practices.
Headquarters: Sweden.
Investment Geography: Sweden, United States, Denmark, Norway, Finland, United Kingdom, Switzerland, Iceland, Türkiye, Netherlands.
Operating since: 1979
Investment Focus: Enterprise Software, Industry 4.0 (Automation, Robotics, Industrial IoT), DeepTech (AI, Blockchain, New Materials & Processes), Life Sciences (Therapeutics, Medical Devices, Digital Health)
Stages: Post-Seed, Series A, Series B
Number of investments: 386
Number of exits: 66
Check size: SEK10M – SEK50M
Notable investments: Oatly, Mycronic
Founders/Key People: Peter Wolpert
Website: https://industrifonden.com/
Luminar Ventures
Luminar Ventures is a Nordic venture capital fund specializing in early-stage investments in technology companies. Founded in 2017 and based in Stockholm, Sweden, it targets sectors such as information technology and healthtech. Luminar Ventures was founded by successful angel investors Magnus Bergman and Jacob Key, along with Sting, Sweden’s leading startup platform. The team at Luminar Ventures consists of former founders and angel investors, who use their experiences and networks to support founders in transitioning from early vision to hypergrowth.
Headquarters: Sweden
Investment Geography: Sweden, USA, Norway, Denmark, Iceland.
Operating since: 2017
Investment Focus: B2B/Enterprise, SaaS/Software, AI/ML, Big Data Analytics, AR/VR, FinTech/InsurTech, Digital Health,Cyber Security, Sustainability/ClimateTech, Consumer Internet,Gaming
Stages: Pre-seed, Seed, Series A, Series B, Series C.
Number of investments: 62
Number of exits: 3
Check size: $500K – $5M
Notable investments: Insurely, Carla.
Founders/Key People: Jacob Key, Magnus Bergman.
Website: https://www.luminarventures.com
Rite Ventures
Rite Ventures is a private venture capital fund based in Stockholm, Sweden, focused on investing in Swedish and Finnish companies. Established in 2007, the firm targets IT services, SaaS, and e-commerce sectors. Rite Ventures is an active investor aiming to transform growth-stage companies into midmarket leaders. Their approach involves a hands-on investment strategy, leveraging a well-proven value creation process and maintaining a consistent sector focus. They express a particular interest in e-commerce, software, IT infrastructure, and digital brands, emphasizing the creation of sustainable competitive advantages under financial constraints.
Headquarters: Sweden (Stockholm)
Investment Geography: Sweden and Finland
Operating since: 2007
Investment Focus: E-commerce centered Retail, Software/SaaS & IT Infrastructure, Digital Consumer Brands
Stages: Seed, Series A, Series B
Number of investments: 48
Number of exits: 31
Check size: $500k – $2m, $2m – $5m
Notable investments: Digia, Paradox Interactive, Verkkokauppa.com
Founders/Key People: Christoffer Häggblom, Josephine Salenstedt
Website: http://www.riteventures.com/
Spintop Ventures
Spintop Ventures is a venture capital firm based in Stockholm, Sweden, established in 2010. It primarily focuses on early-stage investments in technology startups, especially those operating in the Nordic region’s software, e-commerce, and SaaS sectors. The firm is known for making minority investments in seed-stage, early-stage, and later-stage companies. It aims to support innovative technology companies from the Nordics to become sector leaders and drive transformation towards a long-term sustainable society.
Headquarters: Sweden
Investment Geography: Sweden, Finland, Norway, Denmark, United States, Australia
Operating since: 2009
Investment Focus: ICT, Digital Media, Software, E-commerce
Stage: Pre-Seed, Seed, Series A, Series B.
Number of investments: 69
Number of exits: 10
Check size: $1M – $10M
Notable investments: Small Giant Games, Oneflow
Founders/Key People: Erik Wenngren
Website: https://spintopventures.com/
Conclusion
With insights on Sweden’s premier VC investors, you’re better prepared to engage the right partners for your venture. Evaluate which firms resonate with your startup’s direction and have the tools to support your growth. Effective collaboration with a well-suited VC can provide funding, invaluable mentorship, and network expansion. Now’s the time to confidently step forward and connect with a VC that can help catapult your business to new heights in the Swedish market.
