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.

179
Investors mapped
1273
Ecosystem companies
37
Podcast episodes
8,000+
Newsletter readers

The funding map

ALL 179 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.

Energetik VC

Venture CapitalINTL

Energetik Ventures is a London-based early-stage venture capital fund backing founders building the next generation of energy technologies, with a portfolio spanning computing hardware, battery materials, storage systems, vertical farming and grid/EV software across Europe.

Backed:Vaire Computing, Intelligent Growth Solutions, Puraffinity, Lunar Energy, Moixa, Echion Technologies

Naika Invest

Investment CompanySE

Private equity firm investing in small and mid-sized businesses with long-term growth potential across the Nordics.

Backed:Cibes, Open Air

Pale Blue Dot VC

Venture CapitalSE

Pale Blue Dot is a Malmö based seed stage venture capital firm founded in 2020 by Hampus Jakobsson, Heidi Lindvall and Joel Larsson. It writes EUR 0.5 million to EUR 2 million tickets in pre-seed and seed software and hardware companies across Europe and the US, from Fund I of EUR 87 million and Fund II of EUR 93 million. It is still investing, with a lead in the Pollen seed round and a pre-seed in Distill in 2026. Hardtech holdings include Staer, Paebbl, Brineworks, Cosmic Aerospace, Care Weather, Cinqo and Pollen.

Backed:Staer, Paebbl, Brineworks, Cosmic Aerospace, Care Weather, Pollen, Cinqo, Ember, JaroFleet, Solarock, Antares Advanced Manufacturing

Partners in Clime

Venture CapitalINTL

Partners in Clime is a Weinstadt, Germany based climate tech investor founded in 2022, backing pre-seed and seed hardtech and greentech founders across the DACH region with capital and founder-to-founder mentoring. It runs an angel syndicate model and co-invests with firms like b2venture, Point Nine, 468 Capital and Climate Founders.

Backed:Hula Earth, Cotierra, Senara, Nautica Technologies, New Path Bio, Arkeon

Nea Partners

Investment CompanySE

Stockholm-based investment firm founded in 2017 that takes minority stakes in privately owned Nordic growth companies. Its third fund, NEA III, is SEK 900 million. The portfolio is mostly generalist, with hardtech exposure through Qvantum (heat pumps) and Mellifiq (air and water purification).

Backed:Mellifiq, Qvantum, Swedlock, Matenco, Sensebit

Jinderman & Partners

Investment CompanySE

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.

Backed:Chordate Medical, GPX Medical, Fluicell

Linnea Capital

University Venture EntitySE

A seed fund co-founded by Uppsala Innovation Centre, investing in early-stage tech and life science startups.

Backed:Altris, Percyroc, Deversify

LU Ventures

University Venture EntitySE

LU Ventures is Lund University's venture builder and corporate investment arm, founded in 1999, that co-invests equity and builds spinouts with researchers across deep tech and life science. Its portfolio spans semiconductors, robotics, connectivity, medtech and pharma, and includes exits such as SAGA Diagnostics, acquired by Roche.

Backed:Alixlabs, NordAmps, Xenergic, Cognibotics, BeammWave, MxWaves, PluvioFlow, Microdentify, Gaetir, Cyclicor, Elonroad, Spec-Imaging, Medbeat, CarpoNovum, Stairway Medical, MedVasc, Uman Sense, Suturion, Bionamic, Aligned Bio, Dx4Life, Reccan Diagnostics

GOKAP Invest

Investment CompanySE

GOKAP Invest is a Gothenburg-based investment company, co-founded in 2018 by GU Ventures' CEO Klementina Österberg, that invests in innovative unlisted growth companies primarily in Västra Götaland/Western Sweden, having built a portfolio of around 19-22 holdings spanning life science, digital services and a small number of physical hardtech companies.

Backed:Luxbright AB, Nanolyze AB

Trio Impact

University Venture EntitySE

Trio Impact Invest is a Swedish deep-tech venture capital fund established by the holding companies of KTH, Karolinska Institutet, and Stockholm University, combining private and public capital, including EU regional development funding, to back early-stage, research-intensive companies in Sweden. As a newly formed vehicle it does not yet have a disclosed standalone portfolio; its track record so far sits with the founding university holding companies.

Backed:N/A

Connect

Angel networkSE

Connect Sverige is a Swedish non-profit that connects entrepreneurs with capital, expertise, and networks through five regional organisations, running growth programs like Språngbrädan and operating what it describes as Sweden's largest active network of business angels.

Backed:Anatomic Studios

Provider Investment

Investment CompanySE

Provider Investment is a 100% family owned evergreen investment company founded by Johan Hernmarck, investing opportunistically in Swedish entrepreneurs with a preference for ideas scaled through software and digital technology. The portfolio spans B2B software plus a handful of industrial hardtech positions such as Flasheye and Mobilaris.

Backed:Flasheye, Mobilaris, Yubico

The ecosystem

ALL 1273 COMPANIES →

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

Enea

ProductComputing & ConnectivitySE

Provides software solutions for telecom networks and cybersecurity.

AgriDrone

ProductRobotics & AutomationSE

AgriDrone Sweden AB focuses on precision agriculture by developing drone technologies for tasks like soil enrichment and crop monitoring.

Augere Medical

ProductHealth & MedtechNO

A medical technology platform intended to assist endoscopists by aiding the detection of adenomas, sessile serrated lesions, and hyperplastic polyps in the colon.

Ampa Medical

ProductHealth & MedtechDK

Ampa Medical is developing InterPoc, a device that offers an alternative to the traditional ostomy bag for people with an ileostomy, addressing leakage, skin irritation and odor.

Nordluft

ProductRobotics & AutomationSE

Specializes in automation solutions, providing robotic systems for industrial applications to enhance efficiency and productivity.

Bright Sunday

ProductEnergy & GridSE

Bright Sunday provides solar-as-a-service solutions for commercial and industrial clients, offering financed solar PV installations to reduce CO₂ emissions and energy costs.

Mentice

ProductHealth & MedtechSE

Provides simulation solutions for image-guided interventional therapies, aiding in medical training and procedure planning.

Phoenix BioPower

ProductEnergy & GridSE

Develops high-efficiency biomass power plants aiming to double the electric efficiency of traditional plants.

Viking Analytics

ProductRobotics & AutomationSE

Provides AI-assisted vibration analysis tools to help maintenance experts detect and diagnose machine anomalies.

Blixt

ProductEnergy & GridSemiconductors & PhotonicsSE

BL!XT is a pioneer in transforming the electricity sector with its cutting-edge software-defined power system, developer of the world's first miniature solid-state circuit breaker.

LEMO Nordic AB

SupplierDistribution & SupplyINTL

Supplies precision connectors and cable assembly solutions for various industries.

wheel.me

ProductRobotics & AutomationNO

wheel.me makes the world's first autonomous wheel, a system that turns existing carts, trolleys and racking into self-driving robots for indoor material handling.

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 16

Anders Hässel och Nenda: Streamingrevolutionen för företag [SWE]

#16. Streamingrevolutionen för företag Anders Hässel , vd och grundare av Nenda , gästar podden och berättar hur bolaget utvecklar en modern streamingplattform för företag – med hårdvara, molntjänster och affärsmodeller anpassade för B2B-marknaden. Målet: att ersätta föråldrade TV‑lösningar med smart, skalbar teknik. Nenda grundades med en tydlig idé: att förändra hur företag inom hotell, vård och

LISTEN →
EP 26

Alexander Engl – Build, Share, Repeat: How Makerspace and ihopa Enable Hardware for the Masses [ENG]

Episode #26 Build, Share, Repeat: How Makerspace and ihopa Enable Hardware for the Masses Alexander Engl joins the pod to talk about Stockholm Makerspace – a member-run 24/7 creative hub that empowers hardware builders, tinkerers and early-stage founders to bring physical ideas to life, without public funding or gatekeepers. We explore how the space grew to 1000+ members, how it's staying independ

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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

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EP 19

Jonas Genchel och Zparq: Poddmotorn från KTH som ska driva nästa marina skifte [SWE]

#19. Poddmotorn från KTH som ska driva nästa marina skifte Jonas Genchel , vd och medgrundare av Zparq , gästar podden och berättar hur bolaget utvecklar elektriska poddmotorer från grunden – med egenutvecklad drivlina, styrsystem och batteriteknik. Ambitionen är att göra båtbranschen tystare, grönare och smartare. Zparq föddes ur forskning på KTH och har sedan starten 2020 byggt ett team, säkrat

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EP 36

Monica Bellgran – Produktionsänglar & Sveriges bortglömda konkurrensfördel [SWE]

36. Produktionsänglar & Sveriges bortglömda konkurrensfördel Monica Bellgran , vicerektor för innovation vid Mälardalen Universitet och medgrundare av Produktionsänglar , gästar podden för att prata om en av hardtech-världens mest underskattade utmaningar: att gå från prototyp till produktion. Från industrialisering och leverantörskedjor till automation, AI och geopolitik förklarar hon varför så m

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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 8

Helene Winberg och Frontside: När fabriken växer av sig själv [SWE]

#8. När fabriken växer av sig själv Helene Winberg , vd och delägare av Frontside , intervjuas live på Evertiq Expo i Göteborg. Vi pratar om hur man skalar svensk kontraktstillverkning utan PR-maskin och hype, men med djupt fokus på kvalitet och kompetens. Frontside har producerat elektronik i Mölnlycke sedan 1990. Under ett tioårigt generationsskifte tog Helene över ledarskapet i familjeföretaget

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EP 4

James Campion och TERASi: In i hjärtat av svensk deeptech

#4. In i hjärtat av svensk deeptech James Campion , grundare av TERASi, gästar podden och berättar hur det är att bygga ett deeptech-bolag i Sverige – med rötterna i forskning, blicken mot 6G och finansieringsgapet ständigt närvarande. Vi pratar om teknik, produkt, kapital och politik. Om att utveckla kommunikationssystem för nästa generations nätverk, och varför det ibland känns som att förklara

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EP 5

Rickard Bröms och Vässla: Full gas till fritt fall [SWE]

#5. Full gas till fritt fall Rickard Bröms , grundare av Vässla , gästar podden och berättar hur bolaget gick från Blockets enda elmoppe till internationell elfordonssatsning – och till slut in i rekonstruktion. Vi pratar om produktstrategi, supply chain, kapitaljakt och vad som händer när verkligheten kör över visionen. Men också om hur en idé kan leva vidare, även efter en konkurs. I det här avs

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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 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 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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Insights

ALL INSIGHTS →

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

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.

READ →
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.

READ →
INSIGHT

Betting the House on 15-Year Subscriptions

Elvy Energy's CEO explains why flat-rate 15-year energy subscriptions could become the future default for households.

READ →
INSIGHT

Your product isn’t ready: and Michael Pica knows why

Hardware Velocity's Michael Pica explains why hardtech founders must validate demand before scaling production, not just believe in their idea.

READ →
INSIGHT

Europe Doesn't Have an Innovation Problem

KTH Innovation's Lisa Eriksson argues fragmentation, not lack of innovation, holds back Europe's deeptech scaleups.

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

Built to Endure: How Nordic Hardtech Turns Fear into Function

Explores how fear, war, and geopolitical uncertainty are reshaping Nordic hardtech into a driver of resilience and dual-use innovation.

READ →
INSIGHT

The Hard Way: The Nordic Way

Nordic hardtech founders keep choosing complex, regulated, physical-world industries over easy, fast-scaling opportunities.

READ →
INSIGHT

The Unscalable Edge: why hardtech wins by starting slow

Argues that hardtech's early, unscalable phase builds the real-world knowledge that later makes scale possible.

READ →
INSIGHT

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 →
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

Geography Is Now Part of the Product

Asia's rising tensions are turning geography into a core engineering and procurement variable for Nordic hardtech firms.

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.