The Nordic hardtech community
For everyone building hard things in the Nordics.
Hardtech is innovative, complex and physical. Nordic Hardtech exists so the people who build it, fund it and enable it can find each other.
The funding map
ALL 175 INVESTORS →Every Nordic investor with documented hardtech investments, plus the grants and public instruments that fund the other half of the road from lab to factory, with their deadlines.
EUDIS BAMM
EUDIS BAMM (Business Accelerator) is a public, non-dilutive funding and coaching instrument of the EU Defence Innovation Scheme, run by the European Commission's Directorate-General for Defence Industry and Space together with a Starburst-led consortium. It selects cohorts of 20 European (EU + Norway) defence-tech start-ups and scale-ups twice a year, giving each a €120,000 seed-financing voucher plus coaching, bootcamps and investor/end-user matchmaking.
Plug & Play Gothenburg
Plug and Play Gothenburg is the Nordic mobility hub of the global Plug and Play Tech Center network, based at The Yard in Lindholmen Science Park with Volvo Cars as founding partner. It runs corporate innovation and accelerator programs connecting startups with mobility and automotive corporates, but no Gothenburg-specific portfolio company list is publicly documented.
Nordfas Invest AB
Nordfas Invest AB is a Gullspång, Sweden based family investment company owned by the Lööf family. Its core holding is Partex Marking Systems, a global manufacturer of industrial wire, cable and component marking systems, and it has more recently backed the youth wellness app SoulBuddy.
Scania Ventures
Scania Invest is Scania's in-house, global corporate venture capital arm, investing across all stages in energy and infrastructure, autonomous and supply chain, asset management and circularity, and deep tech. Scania also runs Scania Growth Capital, a fund managed by East Hill Equity that has backed nine companies since 2016 including sennder, Northvolt and H2 Green Steel, and a venture building arm that manages home-grown ventures such as Erinion and Scania Industrial Batteries.
SuperHero Capital
Helsinki-based early-stage VC investing in bold founders from Finland and the Baltics, especially in SaaS and deep tech.
Fiftyfive Capital
Danish VC investing in growth-stage companies in lifestyle, software, and hardware across Europe and the U.S. Formerly Nordic Eye.
STOAF
STOAF is an angel network from Stockholm of almost 50 business angels acting as an early stage investment company backing deep technology ventures focused on B2B and deep technology companies in Life Science, Industrial Technology and Software. Originally known as Stockholms Affärsänglar, it was founded in mid-2008 and now manages its third fund, STOAF III SciTech, registered as an Alternative Investment Fund under the EuVECA framework, investing in early-stage research-based spinouts across the Nordics, often alongside co-investors such as Almi Invest.
DigitalWell Ventures
DigitalWell Ventures is a Nordic accelerator and incubator, founded in 2020 and headquartered in Karlstad, Sweden, that supports early-stage digital health, welfare and cybersecurity startups across the Nordic and Baltic region rather than operating as a traditional direct-investment fund.
Maki.vc
Helsinki-based venture capital firm investing at pre-seed and seed stage in deep tech and brand-driven startups, managing €260 million across three funds with initial tickets from €300,000 to €3 million.
Life Science Invest
Investing in Nordic life science and medtech companies. Pre-seed-early serie A.
Herenco
Herenco is a fourth-generation family-owned holding company based in Jönköping, Sweden, founded in 1865, structured around wholly owned business areas in packaging (Emballator), indoor climate/ventilation, sun protection and flooring, alongside minority stakes in listed companies such as Nolato, Balco, Lyko, Profoto and Fractal Design.
Vargas
Vargas is a Stockholm-based impact company builder that identifies, validates, finances and scales industrial companies in hard-to-abate sectors. Founded in 2014, it has built or co-founded Northvolt, Polarium, Stegra (formerly H2 Green Steel), Aira, Syre and the Arctial aluminium project, spanning batteries, energy storage, green steel and hydrogen, heat pumps and textile recycling.
The ecosystem
ALL 1200 COMPANIES →Who builds, supplies and enables hardtech across the Nordics, from garage startups to industrial giants. Browse by role, phase and vertical.
Virta
Provides a comprehensive EV charging platform, including hardware and software solutions for charging networks.
Industriservice Miljö & Teknik IMT AB
Provides engineering consultancy in energy, environment, plumbing, and HVAC industries.
CarpeCarbon
Develops direct air capture technology to remove CO2 from the atmosphere using renewable energy, aiming for scalable and efficient carbon removal solutions.
Hacarus
Develops AI solutions for visual inspection in manufacturing, including collaborations in Sweden.
Copenhagen Atomics
Copenhagen Atomics is building molten salt reactors powered by thorium, the cheapest, cleanest scalable nuclear energy.
Roxen Innovations
Develops electric watercrafts aimed at sustainable marine transportation. Formerly Roxen Innovation. Formerly Roxen Innovations.
TagMaster
Provides intelligent transportation systems and sensor solutions for traffic and rail applications.
Systemair
Manufactures ventilation and air conditioning products for commercial and industrial applications.
Acodyne
Acodyne is a Copenhagen-based deeptech aerospace startup developing autonomous electric eVTOL cargo aircraft for defence, offshore and remote logistics.
Swegan
Develops high-performance GaN-on-SiC epitaxial wafers for RF and power electronics applications.
OODALOOP Technologies
OODALOOP Technologies is a Nordic defence tech company building autonomous, expendable drone systems at scale for the defence of Europe.
IVISYS
Offers automated vision inspection systems for quality control in manufacturing.
One sharp email, every two weeks.
Hardtech news from the Nordics and beyond, new raises, events worth travelling for, and the deadlines you should not miss.
Open raises
SEE WHO IS RAISING →Raising for something innovative, complex and physical? Apply in five minutes. We curate, and your round reaches the readers of the newsletter, including the investors on the map. The list is open for the first entries.
The podcast
ALL 37 EPISODES →Conversations with the founders and funders of Nordic hardtech.
EP 20 Ted Elvhage: Rymdkapital & Expansion Ventures – The Nordic Case for Space [ENG]
Episode 20 – The Nordic Case for Space Ted Elvhage , founder of Rymdkapital and Expansion Ventures , joins us to talk spacetech, hardtech investing, and why Europe needs to catch up. From early bets like Pythom Space to advice for angel investors—this is a fast, sharp dive into one of hardtech’s most complex frontiers. Rymdkapital is a Sweden-based investment firm focused on early-stage spacetech
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EP 30 Per Brickstad – Transparent & the Quest for Timeless Tech
#30. The Quest for Timeless Tech Per Brickstad , founder and chief designer at Transparent , joins us in our 30th episode – a milestone worth noting. Transparent is on a mission to become the world’s first circular tech brand, building modular and upgradable audio gear that challenges consumer electronics’ throwaway logic. From a Stockholm design studio to a global hardware company, this is the st
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EP 24 Henrik Jonsson och agood company: Cirkulärt varvet runt – mobilskalet som vill rädda planeten [SWE]
#24.Cirkulärt varvet runt – mobilskalet som vill rädda planeten Henrik Jonsson , vd på agood Company , gästar podden och berättar hur bolaget bygger cirkulära konsumentprodukter i stor skala – med lokal produktion som vapen mot klimatkrisen. Från en idé om att sälja direkt till konsument till att i dag samarbeta med jättar som Deutsche Telekom – här är berättelsen om hur hållbarhet blev affär. Ago
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EP 23 Linda Krondahl från Things: Från hype till handling – hur deeptech blir business [SWE]
Avsnitt 23. Från hype till handling – hur deeptech blir business Linda Krondahl , vd på Things och medgrundare till Ignite Sweden , gästar podden och berättar om sin resa från solenergiprojekt i Indien till att bygga ett nav för deeptech i Sverige. Det här är ett avsnitt om hur affärer slår visioner – och varför svenska storbolag måste vakna. Vi pratar om hur Things blev en katalysator för hardtec
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EP 9 Isabella Palmgren och Mimbly: Cleantech, bokstavligt talat [SWE]
#9. Cleantech, bokstavligt talat Isabella Palmgren , vd och grundare av Mimbly , gästar podden och berättar hur ett studentprojekt från Chalmers blev ett prisbelönt cleantech-bolag med global potential. Mimbox minskar såväl vattenförbrukning som mikroplaster och är byggd för att fungera i verkligheten, inte bara i labbet. Vi pratar om vägen till en säljbar produkt, hur man skalar en hårdvarulösnin
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EP 14 Ramtin Massoumzadeh och Quandify: IoT som rinner rakt in [SWE]
#14. IoT som rinner rakt in Ramtin Massoumzadeh , vd och medgrundare av Quandify , gästar podden och berättar hur de byggt en patentskyddad, icke-invasiv vattenmätare – och tagit sig från KTH-labb till lönsam IoT-skala. Quandify utvecklar smart vattenmonitorering utan att riva rör. På några år har de växt till ett team på 20 personer, över 40 MSEK i omsättning och en teknik redo för internationell
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EP 6 Karin Ebbinghaus – Från bilbana till elväg: så elektrifierar Elonroad transportsektorn [SWE]
#6. Från bilbana till elväg: så elektrifierar Elonroad transportsektorn Karin Ebbinghaus , vd på Elonroad , gästar podden och berättar om hur bolaget transformerar sättet vi laddar elfordon – från stationär laddning till dynamiska elskenor som ger energi medan fordonet rullar. Det är en berättelse om hur ett experiment i Lego blev ett bolag med CE-märkta produkter, internationella kunder och ambit
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EP 35 Tomas Becklin – Teaching Infrastructure to Speak Animal with Flox
#35. Teaching Infrastructure to Speak Animal with Flox Tomas Becklin , CTO and co-founder of Flox , joins our podcast to explain how AI, acoustics and edge computing can reduce conflicts between wildlife and critical infrastructure. Flox builds systems that identify animals in real time and play sounds they instinctively understand, guiding behavior without fences, barriers or harm. In this conver
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EP 32 Daniel Wentz – Greenely & the Rise of the Virtual Power Plant
#32. The Rise of the Virtual Power Plant Daniel Wentz , Chief Product Officer at Greenely , joins the podcast to unpack one of the most interesting shifts in consumer energy: the rise of home batteries, intelligent orchestration, and virtual power plants. With a background leading global connected-device software at Electrolux, he shares why trust and control are the foundation of any energy produ
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EP 29 Johan Outinen – Elvy & the Energy Subscription Play: 15 Years of Heat, Trust and Risk [ENG]
#29. Elvy & the Energy Subscription Play: 15 Years of Heat, Trust and Risk Johan Outinen , CEO and co-founder of Elvy Energy , joins the pod to explain why households should lock in their energy for the next 15 years, and how simplicity can unlock the transition. Elvy Energy is rewriting the rules of home energy with flat-rate subscriptions that cover installation, insurance, maintenance, and even
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EP 37 Lisa Eriksson (KTH Innovation) – Building Europe’s Deeptech Pipeline
37. Building Europe’s Deeptech Pipeline Lisa Eriksson , Head of KTH Innovation and CEO of KTH Ventures , joins the Nordic Hardtech Podcast to discuss what it takes to turn world-class research into venture-backed companies. KTH Innovation supports hundreds of founders, researchers and students every year, helping transform ideas into startups across fields such as AI, energy, semiconductors, life
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EP 3 Ulrika Tornerefelt och Stella Futura: Från grön vision till laddad expansion [SWE]
#3. Från grön vision till laddad expansion Ulrika Tornerefelt , grundare av Stella Futura , gästar podden och berättar om resan från hållbarhetsrådgivning till att bygga ett snabbväxande energibolag. Från Västafrika till svenska stödtjänstmarknaden, och från idé till skalbar affärsmodell inom “battery as a service”. Vi pratar om lönsam expansion, affärsmodellering, finansieringsstrategier och hur
LISTEN →Insights
ALL INSIGHTS →What we have learned about building, scaling and funding hard things in the Nordics.
INSIGHT Vi är live!
På rekordtid (?) har vi gått från idé till handling och skapat Hårdvarupodden.
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INSIGHT Human-in-the-Loop: The Economics of Staying in Control
Argues Nordic automation succeeds by keeping humans in the loop, turning oversight into a strategic economic advantage over full autonomy.
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INSIGHT Vi är tillbaka – snart!
Efter en framgångsrik beta-period under våren, med massor av positiv feedback, så kommer Hårdvarupodden att återlanseras under hösten. Nya avsnitt inom kort! Vill du hjälpa till?
READ →Why IP Is Your First Investor: And Your Strongest Advantage
Dominic Davies argues founders must treat IP as an early strategic asset, not a legal afterthought, to win investor trust.
READ →Print, Charge, Scale: Then Go Again
How Exeger's Giovanni Fili built a flexible solar cell platform and factory from scratch against the odds.
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INSIGHT Gillar du podden? Betygsätt den!
Hårdvarupodden har funnits sedan juni 2024. Vi kommer fortsätta expandera under 2025 och fler nyheter kommer inom kort. Podden finns för lyssnarna – inget annat. Så, hur kan vi bli ännu bättre?
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INSIGHT When policy becomes a product constraint
Industrial policy now shapes hardtech product decisions early, forcing founders to decide how much strategic control to trade for public support.
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INSIGHT Predictions for 2026
Nordic and European hardtech voices share predictions on AI, energy resilience, robotics and Europe's push to lead in 2026.
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INSIGHT The Deeptech Funnel: Why European Legacy Industry Must Stop Being a Spectator
Argues European legacy industry must engage deeptech startups earlier, during the demonstration phase, instead of waiting for finished technology.
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INSIGHT Geography Is Back On The Map
Eight Nordic hardtech firms show that staying close to factories and industry can be a competitive edge, not a limit.
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INSIGHT Norway Isn’t Loud. That Might Be Its Advantage.
A guest essay on why Norway's understated hardtech ecosystem in defence, robotics and energy is becoming strategically important.
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INSIGHT The Hard Way: The Nordic Way
Nordic hardtech founders keep choosing complex, regulated, physical-world industries over easy, fast-scaling opportunities.
READ →Partners keep this open
The funding map, the podcast, the events and the newsletter are free for the whole ecosystem, made possible by partners who build Nordic hardtech with us.
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SISP.SE ↗Kept accurate by the community
Anyone can suggest an investor, flag an error, or submit an event, a job or a raise. Every suggestion is checked and prepared before it goes live. Nothing publishes unreviewed.
One sharp email, every two weeks.
Hardtech news from the Nordics and beyond, new raises, events worth travelling for, and the deadlines you should not miss.