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.

177
Investors mapped
1234
Ecosystem companies
37
Podcast episodes
8,000+
Newsletter readers

The funding map

ALL 177 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.

Radcap Ventures

Investment CompanySE

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.

Backed:Enkei

Equinor Ventures

Corporate VentureNO

Equinor Ventures is the Stavanger, Norway-based corporate venture capital arm of Equinor, investing since 1991 in early-phase and growth companies developing renewable energy, low-carbon and energy-transition technologies, with a portfolio concentrated in Europe and North America.

Backed:RayGen, Hysun, Oxford PV, EcoLectro, Beyonder, Corvus Energy, Heimdall Power, Protostar Group (44.01), Infravision, Revterra, Upwing Energy, Sapphire Technologies, Solid Power, H2Site, Electric Hydrogen, Commonwealth Fusion Systems, Green Li-ion, HySiLabs, Captura

Vasa Angels

Angel networkSE

Vasa Angels is a Gothenburg-based business angel investment vehicle connected to GU Ventures, co-investing with the state-owned Saminvest and around 22-24 business angels in pre-seed and seed rounds sourced from GU Ventures' incubator.

Backed:NSS Water, Nanolyze

Granitor

Investment CompanySE

Granitor is a Swedish family-owned corporate group active in real estate, contracting/installation services (electro, environmental technology) and, through Granitor Growth Management, long-horizon growth investments in cleantech and life-science companies developing patented, breakthrough technologies with global potential.

Backed:CorPower Ocean, Minesto, Reliefed, Novatron Fusion Group, Kärnfull Next (Kärnfull Future), Captimise, PowerCell (former holding, exited)

EIFO

Public FundingDK

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.

Backed:Nordic Salt Cycle, Fida Biosystems, NKT, Acodyne, Kvasir Technologies, QuNorth

Dacke Industri

Investment CompanySE

Dacke Industri is a Swedish industrial holding group, owned by Nordstjernan since January 2016, that acquires and grows Nordic and international engineering companies with proprietary hardware products across four divisions: Air & Mechatronics, Power & Motion, Measurement & Control, and Precision & Protection.

LiU Invest

University Venture EntitySE

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.

Backed:Agricam AB, ArgusEye, Cellfion, Dazoq, Epishine, Fluolink, HPViCo, Ligna Energy AB, LunaMicro, MIMSI Materials, Nano Textile Solutions, Polar Light Technologies, Quantum Beam Optics, Radar Reticence, Sindri Labs, Sonicflora, SweGaN, VOC Diagnostics, Westra Materials, SeaPattern

Lifeline Ventures

Venture CapitalFI

Lifeline Ventures is a Helsinki-based, sector-agnostic early-stage venture capital firm founded in 2009. It invests from pre-seed through growth stages across deeptech, climate, health and consumer sectors, and closed a 400 million euro sixth fund in 2025 to keep backing founders from first check through scale.

Backed:Akkurate, Altum Technologies, Arctic Instruments, Calectra, Carbo Culture, CurifyLabs, Dispelix, Ductor, Elea & Lili, Enevo, Griffin Refineries, Helix Nano, HyCom Core, Hyperion Robotics, Iceye, Illutherm, Karsa, Koherent, Proteins.1, Solar Foods, P2X Solutions, Sulapac, Oura, Reduciner, TheStorage, Minima Processor, TILT Biotherapeutics

VTT Ventures

Corporate VentureFI

VTT Ventures is the venture company of VTT Technical Research Centre of Finland, founded in 2010 to invest in spin-offs built on VTT technology. Its legacy portfolio is managed by Voima Ventures, and since 2019 VTT makes its technology investments through VTT Holding and the VTT LaunchPad incubator.

Backed:TactoTek, Dispelix, Spectral Engines, Minima Processor, Paptic, Spinnova, Infinited Fiber Company, Solar Foods, IQM, Kuva Space, Steady Energy, Enifer, Onego Bio, Volare, Biomensio, Quanturi, Asqella, S-transistors, Granarium Technologies, Reduciner, Proteins.1, Elea & Lili, Dobbelgänger, Thermal Channel Technologies

Norrsken

Venture CapitalSE

A non-profit foundation and impact VC investing in startups that address global challenges through entrepreneurship and technology.

Kick Kapital

Angel networkSE

Kick Capital is a Swedish business angel investment vehicle backed by 35 regional business angels and the state venture capital firm Saminvest, run jointly by Blekinge Business Incubator, Kalmar Science Park and Företagsfabriken i Kronoberg. It invests 300,000 to 500,000 SEK via convertible loans exclusively in startups admitted to these three incubator programs in southeastern Sweden.

Backed:Carbo Gaia, Neurawave, Upmanure, Fernandi Innovation, TXG ECOBogie, Guldhov EquiTech

Superangel

Venture CapitalINTL

Tallinn-based early-stage investor and company builder backing bold tech founders in the Baltics and Nordics.

Backed:Starship, Coalescent, Lightcode

The ecosystem

ALL 1234 COMPANIES →

Who builds, supplies and enables hardtech across the Nordics, from garage startups to industrial giants. Browse by role, phase and vertical.

Össur

ProductRobotics & AutomationHealth & MedtechIS

Össur is a global leader in non-invasive orthopaedics, developing innovative technologies within braces, supports, prosthetic limbs and compression therapy, including bionic prosthetic legs and mind-controlled limbs.

Stoneridge Electronics AB

ProductMobility & TransportSE

Swedish OEM division of Stoneridge, Inc. (NYSE: SRI), based in Solna, developing electronic vehicle systems including the MirrorEye Camera Monitor System that replaces truck and bus mirrors with cameras and in-cab displays.

Frontside

SupplierComputing & ConnectivitySE

Offers software development and IT consulting services.

Chip & Circuit AB

SupplierDistribution & SupplySE

Supplies electronic components and PCBs for various industries.

Helsing

ProductDefence & SecurityComputing & ConnectivityINTLSE

Helsing is a new type of security and artificial intelligence company that develops military strike drones, underwater surveillance systems, and AI software for battlefield decision-making.

Allgon

ProductRobotics & AutomationSE

Allgon develops industrial radio remote control solutions, enhancing safety and efficiency in various industrial processes.

Oceans.io

ProductConsumer HardwareSE

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

Oyster Thermal AS

ProductManufacturing & Industrial TechNO

Oyster is revolutionizing temperature sensitive storage, to help solve global challenges with the distribution of food, vaccines and medical supplies.

CrossControl AB

ProductComputing & ConnectivitySE

Provides advanced display and computer solutions for industrial vehicles and machines.

Backab Elektronik AB

SupplierDistribution & SupplySE

Backab Elektronik AB operates within the educational support activities industry, offering electronic components and related services.

JFAB-CENMATIC AB

ProductSemiconductors & PhotonicsAdvanced MaterialsSE

Manufactures industrial electronics and armbågskontakter (elbow switches) for various applications.

Spacecom A/S

SupplierSpaceAerospace & AviationDK

SpaceCom designs, produces and sells mechanical tracking antenna systems for satellite communication, used in maritime and land mobile applications and incorporated into satellite terminals by other companies.

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.

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 podcast

ALL 37 EPISODES →

Conversations with the founders and funders of Nordic hardtech.

EP 34

Max Villman – From Cockpit to Cap Table: Inside Nordic Defense Tech

#34. From Cockpit to Cap Table: Inside Nordic Defense Tech Max Villman , former Swedish fighter pilot and now defense tech investor at Gungnir , joins the Nordic Hardtech Podcast for a grounded conversation on what really matters in modern defense innovation. With first-hand experience from the cockpit and deep exposure to today’s European and Ukrainian defense tech ecosystems, Max shares what fou

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EP 7

Claes Kjölhede och Airolit: Svensk hardtech ur ett drönarperspektiv

#7 Svensk hardtech ur ett drönarperspektiv Claes Kjölhede , vd på drönarbolaget Airolit , intervjuas live på Evertiq Expo i Göteborg. Vi pratar om hur man bygger avancerade drönarsystem i Sverige – och vad som krävs för att leverera till både totalförsvar och forskningsvärld. Airolit grundades 2017 för att utveckla UAV/UAS-lösningar för krävande industriella användare. Med fabrik i Mölndal, partne

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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 28

Dominic Davies – Lightbringer & the Patent Reboot: From Legal Grind to Founder Speed [ENG]

Episode 28: From Legal Grind to Founder Speed Dominic Davies , co-founder of Lightbringer , joins the pod to talk patents, automation and founder-first IP. With a background in both software and patent law, he’s now building a system that aims to replace the traditional patent firm entirely — starting with the needs of deeptech startups. From knowledge graphs to GPT-3, Lightbringer was born out of

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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 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 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 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 21

Madelene Näslund: Business Region Gothenburg – Live from The Yard [ENG]

🤝 This episode is produced in collaboration with The Yard — a combined coworking space and machine hall for startups in Gothenburg. A unique workspace with industrial feeling. Check out their memberships or take a tour . Episode 21 – Gothenburg Rising: Where Legacy Meets Innovation Madelene Näslund from Business Region Gothenburg joins us to explore why the city is emerging as a leading Nordic har

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EP 22

Christoffer Johnsson: Från stock till kod – hur Taigatech transformerar en miljardindustri [SWE]

Det här avsnittet görs i samarbete med The Yard – en coworkingmiljö och verkstad för hardtech-startups i Göteborg. En kreativ plats med industriell känsla för dig som bygger fysiska produkter. Avsnitt 22. Från stock till kod – hur Taigatech transformerar en miljardindustri Christoffer Johnsson , vd på Taigatech, gästar podden och berättar hur bolaget kombinerar AI och industriell automation för at

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EP 31

Mala Valroy – Industrifonden & the State of Deep Tech 2025

#31. Industrifonden & the State of Deep Tech 2025 Mala Valroy , Investment Manager at Industrifonden , joins the podcast to share her journey from biochemistry and startups to leading investments in deep tech. With Industrifonden’s unique evergreen model, she breaks down what it really takes to earn a term sheet in 2025, why relationships matter more than pitch decks, and how resilience and sustai

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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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Insights

ALL INSIGHTS →

What we have learned about building, scaling and funding hard things in the Nordics.

INSIGHT

Predictions for 2026

Nordic and European hardtech voices share predictions on AI, energy resilience, robotics and Europe's push to lead in 2026.

READ →
INSIGHT

TALES FROM THE TECH HUB: HARDWARE EDITION på The Yard i Göteborg (2 april)

Välkommen till Göteborgs techarena "The Yard" på ett exklusivt event om hur man bygger hårdvarubolag.

READ →
INSIGHT

Robotics That Count: 10 Bold Builders to Watch in the Nordics

A curated field guide to ten Nordic robotics companies showing where autonomy meets industry today.

READ →
INSIGHT

Karoly Szipka on Making Machines Talk: and Building a Business Around It

IPercept's founder explains how CNC diagnostics and machine data could save Europe's aging industrial expertise.

READ →
INSIGHT

Now Launching: Nordic Hardtech

READ →
INSIGHT

Emilia Brandt on Why Growth Needs More Than Grit: and How Recuro Delivers

Recuro's new CEO explains why smart structure, not brute force, is what actually drives hardtech growth.

READ →
INSIGHT

Building Before You Ask for Permission

Atonemo's founder explains how reduction, timing and restraint shape consumer hardware development.

READ →
INSIGHT

When Hardware Meets Awesome

Johan Ronnestam argues hardtech brands need archetypes and cultural resonance, not just working tech, to survive AI-driven disruption.

READ →
INSIGHT

Deep Tech Needs to Go Deeper (Except Here)

A guest column argues Europe should focus on defensible niches like physical AI, quantum applications and precision biomanufacturing instead of chasing China everywhere.

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INSIGHT

Nordic Hardtech x Lightbringer: IP just got interesting!

Tired of slow, expensive patents? Lightbringer flips the script. Discover how AI-driven IP can help you protect ideas, raise capital, and build real leverage.

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INSIGHT

The EU–US Trade Deal has Landed – Why the Nordic Hardtech Ecosystem Must Act Now

A 15% tariff just hit Nordic exports to the US. Here’s why it’s a wake-up call for hardtech — and what we must do next.

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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 →

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.

LIGHTBRINGER

AI-driven patent filing for tech companies. Protect what you invent, at software speed.

OFFER: Free intro call with Lightbringer's patent team → LIGHTBRINGER.COM ↗
SISP

Swedish Incubators and Science Parks, the national infrastructure for innovation environments.

SISP.SE ↗
RECURO

Growth partner for tech and media companies, from strategy to execution.

RECURO.COM ↗
PARTNER WITH US

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.