For everyone building hard things in the Nordics.

SNÖ Ventures is an Oslo-based early-stage VC investing in Nordic founders across software, gaming and consumer tech, with Peter Thiel as a strategic partner in its USD 100 million fund. Its one hardtech position is Nordic Air Defence, a drone interceptor maker it backed in 2024.

Nordic Secondary Fund, founded in 2018 and based in Copenhagen, is the first fund in the Nordics to invest exclusively in secondary stakes. It buys minority positions in Nordic and Baltic companies that have already raised a Series A round and shown a proven, scalable business model, aiming for a return between 2x and 5x within five years.

Gullspång Invest is a Stockholm-based family office founded by Swedish angel investor Christer Brandberg (an early Axis Communications investor) together with his three sons, Gustaf, Magnus, and Erik Brandberg, that makes long-term, evergreen investments in entrepreneurial teams tackling systemic challenges in food, energy, and water. It runs a food-focused sister vehicle, Gullspång Re:food, and its portfolio spans hardware-driven climate and energy plays (geothermal, heat pumps, water purification, recycling) alongside food, edtech, and other software ventures.

Alliance VC (Alliance Venture) is a Nordic early-stage venture capital firm founded in 2001, with partners on the ground in Oslo, Stockholm, Copenhagen and Helsinki, backing Nordic founders with global ambitions. While its current thesis centers on applied AI and software, its portfolio includes verified hardtech bets such as 1X Technologies (humanoid robotics) and Aquabyte (computer-vision hardware for fish farming), and it is actively deploying its newly closed Alliance Nordic III fund.

Heartcore Capital (formerly Sunstone Capital, founded 2007) is an early-stage venture capital firm headquartered in Copenhagen with additional offices in Stockholm, Berlin and Paris, investing from pre-seed to Series A across Europe. While historically known as a consumer-tech investor, it has recently expanded into deep tech, defence, quantum computing, space and synthetic biology alongside its core AI, fintech, travel and web3 bets.

PSV (formerly PreSeed Ventures) is a Copenhagen based venture house rooted at DTU, running three units, the evergreen PSV Foundry, the pre-seed software fund PSV Tech, and PSV Hafnium, a dedicated Nordic deep tech fund backed by EIF and EIFO that has already invested in nine plus deep tech startups across clean energy, semiconductors, photonics and industrial technology.

Longrun Capital is a Stockholm venture capital firm that backs early-stage Nordic companies building hardware for the green transition, with a portfolio focused on advanced materials, energy and water technology for the built environment.

RadCap Ventures is a Stockholm based angel network of 80+ female investors. It backs pre-seed and seed startups with at least 50 percent female or non-binary founders, writing tickets of 250 to 500 kSEK alongside mentorship and advisory support.

LiU Invest is the investment company within LiU Holding, owned by Linköping University. It backs early-stage companies commercializing research and student projects from the university, typically investing up to 500,000 SEK per round, and works alongside sister companies LEAD (incubator) and Unitalent.

Innovestor is a Helsinki based venture capital firm founded in 2014, investing in early-stage technology and life science startups across the Nordic and Baltic regions through its Technology Fund, Life Science Fund and Angel CoFund, alongside a corporate venturing arm and a commercial real estate business.

EIFO (Danmarks Eksport- og Investeringsfond) is Denmark's national promotional bank and official export credit agency, formed by merging the Danish Growth Fund (Vækstfonden), the Export Credit Agency (EKF) and the Danish Green Investment Fund. It is Denmark's largest venture investor, deploying direct equity, loans, guarantees and fund commitments across sectors from deep tech and defence to green transition and life sciences, both by co-investing directly in companies and as an LP in venture funds.

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.

Designs telecommunication products tailored for seniors, enhancing accessibility and safety.

PLAATO delivers IoT sensors and software for fermentation monitoring and production optimization in breweries, distilleries, wineries and RTD producers.

Sensofusion is a Finnish defence technology company founded in 2016 that develops and manufactures next-generation solutions for drone detection, signals intelligence and countermeasures.

Develops electronic measurement systems for process industries, including pulp and paper.

Offers a social platform and smart dive computer for scuba divers, enhancing underwater experiences with AI-powered features.

Polestar is a premium electric vehicle manufacturer, developing high-performance EVs with a focus on design and sustainability.

SPM Instrument provides patented condition monitoring solutions that support predictive maintenance and industrial process optimization in demanding environments.

Altris develops sustainable sodium-ion batteries, offering an alternative to lithium-ion technology for energy storage solutions.

Copenhagen-based startup developing intelligent electrical panels powered by an AI energy cloud, enabling businesses to monitor and remotely control electricity, water, and heating consumption at the circuit-breaker level.

Danish drone-autonomy company that builds AI navigation software delivered as edge nodes, letting UAVs navigate and strike without GPS or uplink.

Brainlink aims to create breakthrough medical devices for more effective diagnostics and treatment of neurological conditions, leveraging extensive clinical experience in neurosurgery and medtech development.

OODALOOP Technologies is a Nordic defence tech company building autonomous, expendable drone systems at scale for the defence of Europe.