Top 30 VC Funds and Angel Investors in Sweden

Sweden is one of the key innovation centers in Europe. The country has generated some of the world's most well-known corporations, including IKEA, Ericsson, H&M, and many others. Apart from its historical significance, Sweden is a rich breeding ground for new unicorns. The success of Swedish firms such as Spotify and Skype has established the country as a world-leading startup destination, attracting investors all over the globe. Sweden's early successes are also inspiring the next generation of startup founders. For entrepreneurs looking to raise capital and expand their operations, Sweden is a highly attractive destination. In this article, we have compiled a comprehensive list of VC funds and angel investors in Sweden that can provide you with the capital you need to excel in this market.

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VCs and Angel investors in Sweden

Topics Covered:

• Why Should You Raise Funds in Sweden

• Venture Capitalist Funds in Sweden

• Angel Investors in Sweden

• Closing Thoughts on VCs and Angel Investors in Sweden

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Why Should You Raise Funds in Sweden?

Here are some reasons why you should consider raising funds for your startup in Sweden:

1. Access to capital: Sweden is one of the fastest-growing European centers in terms of venture capital financing. A  vibrant venture capital market, they have numerous active funds and investors; with an estimated $2.6 billion funds poured into startups in the third quarter of 2022, on par with Germany and slightly less than the UK.

2. Strong innovation culture: Sweden is brimming with research and innovation. According to the Swedish Institute, the country invests more than 3% of its GDP in research and development, making it one of the world's biggest research investments in relation to GDP. Sweden is also ranked first as the most innovative country in the EU, and third most innovative globally according to the Global Innovation Index. With a high number of patent applications and a favorable environment for research and development, there are numerous opportunities for innovators to thrive in the country.

3. Substantial government support: The nation's startup ecosystem is bolstered by government financing and investments in businesses. The Swedish government has implemented a number of initiatives, including tax breaks and financing programs, to encourage the country's startup environment. The government also provides grants and loans to entrepreneurs, particularly those focused on long-term development and growth. Vinnova, for example, is a Swedish government organization that works under the Ministry of Industry, Energy, and Communications that gives financial assistance to businesses for research, development, and legal fees. Business Sweden, commissioned by the Swedish government, assists Swedish firms in increasing global reach and for foreign corporations to expand to Sweden.

Overall, Sweden offers a supportive environment that makes it an appealing site for entrepreneurs trying to acquire capital and build their firms.

Venture Capitalist Funds in Sweden

The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.

Luminar Ventures

• Year of Inception: 2017

• Stage: Pre Seed, Seed

• Focus: Technology

• Notable Portfolio: Albacross, Carla, Open Payments, NewGlue

• Contact

Chalmers Ventures

• Year of Inception: 2005

• Stage: Pre Seed, Seed, Series A, Series B, Series C

• Focus: Deep Tech, Impact

• Notable Portfolio: Atium, Gapwaves, Fluicell, Trine, Skisens

• Contact

Nordic Makers

• Year of Inception: 2016

• Stage: Seed

• Focus: Sector Agnostic

• Notable Portfolio: Fresto.Io, Labster, Willa Pay, Helix Nano, NextMind

• Contact

Next Financial Technology Ventures

• Year of Inception: 2014

• Stage: Seed, Series A

• Focus: FinTech

• Notable Portfolio: Gimi, Yabie, Tessin, Nordkap, Lexly, Voxo

• Contact

Industrifonden

• Year of Inception: 1979

• Stage: Seed, Series A

• Focus: Life Sciences, Deep Tech, Transformative Tech

• Notable Portfolio: Guard Therapeutics, Cascade Drives, AnaCardio, ZeroPoint

• Contact

Peak Capital

• Year of Inception: 2007

• Stage: Seed, Series A

• Focus: SaaS, Marketplace, Platforms

• Notable Portfolio: CarbonCloud, Breyta, AG5, StuDocu, Widgetbook

• Contact

Backing Minds

• Year of Inception: 2016

• Stage: Seed, Series A

• Focus: Sector Agnostic

• Notable Portfolio: CemVision, Lingio, Skyrm, Serviceform

• Contact

Sustainable Energy Angels

• Year of Inception: 2013

• Stage: Seed, Series A

• Focus: Sustainable Energy Technology

• Notable Portfolio: Ferroamp, Delab, Cascade Drives, SenseNode, GLOBHE

• Contact

Brightly Ventures

• Year of Inception: 2018

• Stage: Seed, Series A

• Focus: Technology

• Notable Portfolio: Yabie, WeHype, PerceptiLabs, Open Payments, Acuminor

• Contact

Inventure

• Year of Inception: 2005

• Stage: Seed, Series A

• Focus: Technology

• Notable Portfolio: Codescene, Eliademy, Lassie, Umbra

• Contact

Spintop Ventures

• Year of Inception: 2010

• Stage: Seed, Series A

• Focus: Technology

• Notable Portfolio: Adnavem, Oneflow, Wordfavor, Nomono, MariaDB

• Contact

Wellstreet

• Year of Inception: 2016

• Stage: Seed, Series A

• Focus: Technology

• Notable Portfolio: Brink Commerce, Envise, Skillbreak, Zalster

• Contact

J12 Ventures

• Year of Inception: 2019

• Stage: Seed, Series A

• Focus: Technology

• Notable Portfolio: Validio, Dema, Codeball, Rely, Ostrom, Cure

• Contact

Zenith Group

• Year of Inception: 2018

• Stage: Seed, Series A

• Focus: Technology

• Notable Portfolio: Truecaller, Minut, VionLabs, Strawbees, Acuminor

• Contact

Almi Invest

• Year of Inception: 2009

• Stage: Seed, Series A

• Focus: Technology, Life Science, CleanTech, Industry

• Notable Portfolio: AIM Sweden, Renewcell, Ferroamp Electronics, Fishbrain

• Contact

Creandum

• Year of Inception: 2003

• Stage: Seed, Series A

• Focus: Technology, Software

• Notable Portfolio: Enode, Mason, TimberHub, Scarlet, Better Stack

• Contact

Northzone

• Year of Inception: 1996

• Stage: Seed, Series A, Series B, Series C

• Focus: Consumer, Crypto, Web 3.0, Enterprise, FinTech, Gaming, Healthcare

• Notable Portfolio: Trustpilot, Spotify, Spring Health, Klarna, Personio, Kahoot!

• Contact

Karolinska Development

• Year of Inception: 2003

• Stage: Seed, Series A, Series B, Series C

• Focus: Life Sciences

• Notable Portfolio: Modus Therapeutics, Umecrine Cognition, Promimic, Dilafor

• Contact

HealthCap

• Year of Inception: 1996

• Stage: Seed, Series A, Series B, Series C

• Focus: Life Sciences

• Notable Portfolio: Carisma Therapeutics, CoreValve, Modus Therapeutics, Orexo

• Contact

EQT Ventures

• Year of Inception: 2015

• Stage: Seed, Series A, Series B, Series C

• Focus: Sector Agnostic

• Notable Portfolio: Call Desk, Silexica, Siilo, Reworks, Willa Pay, Instabox, Treecard

• Contact

VNV Global

• Year of Inception: 1996

• Stage: Seed, Series A, Series B, Series C

• Focus: Sector Agnostic

• Notable Portfolio: Gett, Voi Technology, Olio, HungryPanda, Swvl

• Contact

Partnerinvest Norr

• Year of Inception: 2010

• Stage: Seed, Series A, Series B, Series C

• Focus: Sector Agnostic

• Notable Portfolio: Adlede, Prege, Reclaimit, Compodium, Flasheye

• Contact

Next47

• Year of Inception: 2016

• Stage: Series A, Series B, Series C

• Focus: Enterprise

• Notable Portfolio: Avidbots, Tractian, Skydio, rideOS

• Contact

VEF

• Year of Inception: 2015

• Stage: Series B, Series C

• Focus: FinTech

• Notable Portfolio: Creditas, Juspay, FinanZero, Magnetis, transferGO

• Contact

Bonnier Ventures

• Year of Inception: 2013

• Stage: Seed, Series A, Series B, Series C

• Focus: Sector Agnostic

• Notable Portfolio: Chairish, Combify, Starmony, Heja, Pilloxa

• Contact

Angel Investors in Sweden

The Angel investors listed below are part of an Angel community located throughout Sweden. They may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.

Scandinavian Investment Network

• Stage: Seed

• Focus: Sector Agnostic

• Notable Portfolio: -

• Contact

Connect Sverige

• Stage: Seed, Series A

• Focus: Sector Agnostic

• Notable Portfolio: -

• Contact

Stockholms Affärsänglar

• Stage: Seed, Series A

• Focus: B2B Technology, Life Sciences, Advanced Industrial Technologies, Advanced ICT, Sustainable Energy Technologies

• Notable Portfolio: AddBio, Cascade Drives, Oblique Therapeutics, Ilya Pharma

• Contact

Angel Investors Network of Gothenburg

• Stage: Seed, Series A

• Focus: Sector Agnostic

• Notable Portfolio: -

• Contact

Keiretsu Forum Nordics

• Stage: Seed, Series A

• Focus: Sector Agnostic

• Notable Portfolio: Attana, Invajo, Enliven, Lexi, Neosense, PictureMyLife

• Contact

Closing Thoughts on VCs and Angel Investors in Sweden

Sweden's successful ecosystem is a result of a mixture of elements that stimulated business creation and growth. Aside from direct factors such as supportive government initiatives and a focus on innovation, factors such as free education, healthcare, and other perks also indirectly contribute to startups' success in the country. In terms of VC funding, Sweden's startup ecosystem is supported by both public funds and foreign investments. Sweden's free economy promotes innovation and competition, creating numerous opportunities for startups to thrive.