For everyone building hard things in the Nordics.

EQT Ventures is the early-stage venture capital arm of Swedish investment manager EQT AB, domiciled in Luxembourg with investment advisors in Stockholm, Paris, London, New York, Berlin and Amsterdam, backing over 140 European and US founding teams from Seed to Growth with investment sizes ranging roughly €1-75M. It invests across sectors including deep tech, climate, fintech, consumer and AI, and in 2025 merged with EQT Growth into one unified early-stage tech platform.

Horizon Europe is the EU's flagship research and innovation funding programme (2021-2027, ~€93.5B budget), whose EIC Accelerator and EIC Fund provide blended grant/equity financing to deep-tech and hardtech startups and SMEs across the EU and associated countries, including recurring Nordic recipients (e.g., Swedish and Danish EIC Accelerator winners) and EIC info-day activity in the Nordics (e.g. Copenhagen). Because it funds via competitive, rolling calls with only partial per-round public disclosure, no single exhaustive portfolio list exists; qualifies as a Public Funding instrument rather than a conventional VC.

Investing in Nordic life science and medtech companies. Pre-seed-early serie A.

Norway's leading incubator, accelerator and early-stage investor for tech startups, based in Oslo and Bergen, investing through its Founders Fund vehicle.

Fairpoint Capital is a Stockholm-based early-stage venture capital firm, spun out of SEB Venture Capital's technology team, that makes minority investments (late seed to Series B) in Nordic B2B technology companies; it closed its second fund at $60M in 2024 and remains backed primarily by SEB.

Jinderman & Partners is a Stockholm-based capital and knowledge hub for fast-growing companies in the Nordic market, guiding them through meetings with business angels, investor networks, venture capital firms and stock exchange listings. Most of its more than 50 portfolio companies are consumer, fintech and software plays, but the book also includes a handful of medtech hardware companies such as Chordate Medical, GPX Medical and Fluicell.

Starbright Invest is a Jönköping-based venture capital firm founded in 2015 that invests primarily in Swedish seed and Series A rounds, typically SEK 5-15 million per company, with a focus on technology and sustainability. Its hardtech-relevant bets include Einride, the autonomous electric truck maker, and Zigrid, which turns industrial waste heat into power.

Neptunia Invest is a Swedish, family owned investment company that takes active, board level ownership in its core holdings across real estate, finance, and defence and security. Since 2019 it has also built a minority stake portfolio in digitally driven companies, mostly in PropTech and real estate.

Eviny Ventures is the ~50 MEUR corporate venture capital arm of Norwegian energy utility Eviny, based in Bergen, investing from Seed to Series A in startups accelerating the electrification and energy transition across the Nordics and northern Europe, with roughly 20 portfolio companies and 3 exits to date.

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.

Finnish government-owned investment company supporting sustainable economic growth through equity investments in Finnish companies.

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.

SpinChip Diagnostics develops and delivers Point of Care (POC) platform for medical testing for immediate clinical decisions and actions.

Offers memory compression technology to enhance performance and energy efficiency in data centers and smart devices.

Saab develops and manufactures advanced defense and security systems, including aircraft, submarines, and radar systems.

Provides digital product development and engineering services across various industries.

Adamant Health is a Finnish health-tech startup on a mission to revolutionize the care of Parkinson's disease by enabling data-driven disease management, supporting earlier diagnosis and improving patient outcomes.

A European defence-tech company building frontline-ready ISTAR, developing UAV platforms, sensor payloads and mission software engineered in Denmark.

Manufactures thin-film solar panels and provides turnkey solutions for solar energy production, promoting sustainable energy.

RemotiveLabs builds an open, developer-centric software platform and tooling that lets automotive engineering teams virtualize, test and integrate vehicle software without waiting on physical hardware.

Cimon Medical exists to innovate life saving solutions. We do this by developing and manufacturing Doppler ultrasound technology for health care facilities. Our first product, NeoDoppler, provides non-invasive continuous blood flow monitoring for infants.

Develops advanced security solutions and technologies for defense applications, focusing on resilience and innovation.

Akkodis is a global digital engineering company offering smart industry solutions, combining IT and engineering expertise to drive innovation.

Provides AI-driven logistics optimization solutions to reduce environmental impact and improve efficiency.