Inception Fund

Pre-Seed Seed

Stockholm-based pre-seed micro fund backing the top 0.1% of technical founders from the New Nordics in AI, B2B software, and deep tech with €100k–€500k checks.

Stockholm
AI/ML · DeepTech +4
AI-Native · Early Stage

InnoEnergy

Seed Series A Series B

Established in 2010 by the EU's EIT, InnoEnergy was named the world's most active energy investor in 2025, industrializing clean tech.

Amsterdam · Brussels +9
CleanTech · Decarbonising Industry +7
Climate-Focused · Impact-Focused

Inventure

Seed Series A

Venture capital firm backing early-stage Nordic & Baltic founders

Helsinki · Stockholm +1
DeepTech · Consumer +8
Generalist · Nordics & Baltics

J12 Ventures

Pre-Seed Seed

Thesis-driven early-stage VC backing technical founders across Europe building AI infrastructure, data tooling, and domain-specific AI applications.

Stockholm · London +1
AI/ML · Data Infrastructure +7
Thesis-Driven · Europe-Focused

Kinnevik

Series A Series B Series C

Swedish growth investor and active owner backing challenger companies in health, software, and climate tech across Europe and the US since 1936.

Stockholm · London
HealthTech · BioTech +3
Growth Stage · Multi-Stage

Luminar Ventures

Pre-Seed Seed

Sweden-based seed VC backing Nordic early-stage tech founders with operational support across major industries

Stockholm
SaaS/Software · AI/ML +7
Nordics-Focused · Early Stage

Nineyards Equity

Series A Series B Series C

Growth equity firm partnering with capital-efficient founder-led businesses

Stockholm
Tech-Enabled Companies · Consumer Internet +7
Tech-Enabled Companies · Consumer

node.vc

Seed Series A

Stockholm-based early-stage VC backing Nordic and Baltic tech founders across platform technologies, new experiences, and workplace tools with a sector-agnostic approach.

Stockholm
SaaS/Software · AI/ML +5
Nordics-Focused · Early Stage

Nordic Makers

Pre-Seed Seed Series A

Nordic early-stage fund backed by founders

Copenhagen · Stockholm +1
B2B Software · SaaS/Software +2
Nordics-Focused · Operator-Led

NordicNinja

Series A Series B

Series A VC founded in 2019 investing €2–8M in Northern European deeptech, decarbonization, and digital society startups, backed by Japanese corporates and JBIC to help founders scale globally.

Helsinki · Stockholm +2
DeepTech · ClimateTech +5
Nordics-Focused · Early Stage

Norrsken Evolve

Pre-Seed Seed

Stockholm pre-seed fund backing European impact-tech founders in climate, energy, health, and security with €250K initial checks plus sprints.

Stockholm
ClimateTech · BioTech +6
Europe-Focused · Impact-Focused

Norrsken Launcher

Pre-Seed Seed

Early-stage deep tech impact fund investing €1–3M in science-driven startups with global impact potential, making 2–4 selective investments per year with deep operational involvement.

Stockholm
DeepTech · ClimateTech +5
Thesis-Driven · Impact-Focused

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Norrsken VC

Seed Series A Series B

Early-stage impact VC backing founders building a better world

Stockholm
Impact Investing · Social & Environmental Impact +17
Impact Investing · Social & Environmental Impact

Northzone

Seed Series A Series B

Multi-stage VC partnering with resilient founders from Seed to Growth across Europe and US.

Stockholm · London +3
Climate · Energy +9
Multi-Stage · Tech-Focused

Outlast Fund

Pre-Seed Seed

Backing founders building enduring companies across the Baltics and Nordics

Riga · Stockholm
B2B SaaS · AI Infrastructure +10
Baltics and Nordics · SaaS

Pale Blue Dot

Pre-Seed Seed

We invest in software and hardware businesses working within climate, our most urgent challenge.

Malmo
Climate · Climate Tech +9
Seed Stage · Climate VC

Peak

Pre-Seed Seed Series A

Early-stage European VC backing SaaS, marketplace, and platform founders. €125M fund, €250k–€4M tickets, 50+ investments.

Amsterdam · Berlin +1
SaaS/Software · Marketplace +6
Founder-Led · Europe-Focused

Scania Invest

Seed Series A Series B

Scania's in-house global CVC arm investing from seed to late stage in transport-adjacent deep tech, energy infrastructure, autonomous systems, and circular asset management.

Södertälje
Energy · ClimateTech +6
Corporate VC · Multi-Stage

Stena Sessan

Series A Series B Series C

Swedish family-owned investment firm backing Nordic companies across sectors with long-term, active minority ownership.

Stockholm
HealthTech · FoodTech +6
Multi-Stage · Sector-Agnostic

STOAF

Seed Series A

Stockholm-based angel fund backing deep tech B2B ventures with global potential

Stockholm
Life Sciences · Biotech +9
B2B · Angel Group

Superangel

Pre-Seed Seed

Early stage funding for world-changing tech in the Baltics and Nordics

Tallinn · Stockholm
AI/ML · Robotics +6
Deeptech · Enterprise

The Nordic Web Ventures

Pre-Seed Seed Series A

Early-stage VC backing Nordic tech startups

Stockholm
SaaS/Software · Fintech +3
Nordics-Focused · Early Stage

Ventech

Seed Series A

European early-stage VC backing ambitious tech entrepreneurs at Seed and Series A in AI, digital health, industrial software, cybersecurity, and SaaS across Europe and Asia.

Paris · Munich +4
AI/ML · HealthTech +5
Europe-Focused · Early-Stage

VNV Global

Series A Series B Series C

Investment company backing high-growth digital businesses globally

Stockholm
Network Effect Businesses · Mobility +5
Network Effect Businesses · Global VC

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