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
1233
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.

Zenith VC

Venture CapitalSE

Zenith VC (Zenith Group AB) is a Stockholm based venture capital firm founded in 2015/2016 by Tommy Jacobson and Caroline Cronstedt. It backs early stage, post revenue Nordic B2B software companies with capital, network access and hands on operational support.

Backed:Minut

Longrun Capital

Investment CompanySE

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.

Backed:Drupps, GreenIron, NSS Water, Ekolution, 3eflow, Hybridized

SuperHero Capital

Venture CapitalFI

Helsinki-based early-stage VC investing in bold founders from Finland and the Baltics, especially in SaaS and deep tech.

Backed:Flow, The Storage, Doublepoint

Nefco

Public FundingINTL

Nefco, the Nordic Green Bank, is a Nordic-owned international finance institution founded in 1990 by the five Nordic governments and headquartered in Helsinki. It provides loan financing, EIF-backed guarantees and Nopef feasibility funding to Nordic SMEs scaling green, climate and environmental solutions internationally, alongside financing for municipal and public projects in Eastern Europe and beyond.

Backed:Bawat, MASH Makes, SolarLab, Racell, Aeromon, Coolbrook, Merus Power, Norsepower, Sulapac, Carbon Recycling International, DTE, Thor Ice Chilling Solutions, Automasjon og Data, Kube Energy, Kyoto Group, Norwegian Hydrogen, Elonroad, Sensative, TM Systems, Sterner, Emerald Geomodelling, Cycled Technologies

Rymdkapital

Venture CapitalSE

Rymdkapital is a Stockholm-based venture capital firm founded in 2020, investing in early-stage European spacetech companies from angel to Series A rounds. It also runs the pan-European Expansion Ventures fund together with Audacia and Starburst.

Backed:DcubeD (Deployables Cubed), Osmos X, The Exploration Company, ReOrbit, Forsway, Pythom Space

Vargas

Investment CompanySE

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.

Backed:Polarium, Northvolt, Stegra, Aira, Syre, Arctial

Spiltan Invest

Investment CompanySE

Investment firm with a long-term perspective focused on Swedish entrepreneurial companies.

Backed:Sura Magnets, Carbomax

Linbo Invest

Investment CompanySE

Linbo Invest is a Stockholm-based, family-owned investment company run by Johan and Lars Wiklund. It backs early and growth-stage private and public companies, mostly software and health, with an occasional hardtech bet.

Backed:Epishine

Northzone

Venture CapitalSE

Northzone is a multi-stage venture capital firm founded in 1996 in Oslo, now headquartered in London with offices across the Nordics, Amsterdam and New York, investing from seed through growth stage across Europe and the US. Its portfolio includes Spotify, Klarna, Einride and Black Forest Labs, and it has backed companies through more than 250 investments to date.

Backed:AirForestry, Asetek, Einride, Silex Microsystems, MicroAGI, Monumental

Allan Junge Hyldal

Business AngelDK

Allan Junge Hyldal is a Danish business angel and Lead Angel with DanBAN, focused on medtech and deeptech startups. He has personally invested in and sits on the boards of hardware and device companies including Exo360 and PERFI Technologies.

Backed:Exo360, PERFI Technologies

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)

Innovestor

Venture CapitalFI

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.

Backed:Granarium Technologies, Bioretec, ZenRobotics, Amertate, Sooma Medical, Brinter, Uniogen (Abacus Diagnostica / Kaivogen / Labrox), Monidor, 9Solutions, SpinDrive, HVR Cardio, Chip Metrics, Linkker, LNGTainer, Dobbelganger, Cajo Technologies, SuperGround

The ecosystem

ALL 1233 COMPANIES →

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

Myrtleed Innovation

EnablerINTL

Provides commercialization support for deep tech innovations, bridging the gap between research and market. Formerly Myrtle Ed Innovation.

EWAYS

SupplierServices & EngineeringSE

Provides electric vehicle charging solutions and services for homes, businesses, and public spaces.

Cognibotics

ProductRobotics & AutomationSE

Develops advanced robotics systems and motion control solutions for industrial applications.

BAE Systems Hägglunds

ProductDefence & SecurityManufacturing & Industrial TechSE

BAE Systems Hägglunds focuses on the design, manufacturing, integration and support of a wide range of military vehicles to customers worldwide, as well as hybrid electric drive systems for the civilian market.

Hexagon AB

ProductComputing & ConnectivitySE

Provides digital reality solutions combining sensor, software, and autonomous technologies.

Sigicom AB

ProductComputing & ConnectivitySE

Sigicom provides remote monitoring solutions for construction sites, focusing on vibration, noise, and geotechnical measurements.

Helios Innovations

ProductEnergy & GridSE

Develops evaporation technology to purify industrial process water using waste heat.

KNL Networks

ProductDefence & SecurityComputing & ConnectivityFI

KNL provides advanced beyond-line-of-sight communication solutions for demanding defence and security environments, built on its proprietary Cognitive Networked HF (CNHF) technology.

Weibel Scientific

ProductDefence & SecuritySensors & InstrumentationDK

Weibel Scientific designs and manufactures advanced Doppler radar systems, including instrumentation radars for tracking space vehicles and missiles, and short-range air defense / counter-UAV radars for militaries worldwide.

Aqua Robur

ProductEnergy & GridSE

Aqua Robur develops IoT-based solutions for monitoring and managing water distribution networks, offering energy-efficient sensors and data visualization tools to optimize water resource management.

SeaTwirl

ProductEnergy & GridSE

SeaTwirl designs and develops vertical-axis wind turbines for offshore energy production, aiming to provide sustainable wind energy solutions.

Melisono

ProductHealth & MedtechSE

Melisono AB is a Lund-based company whose registered purpose is to develop, manufacture and sell hearing-improving products, currently building the Auwli earbuds line with proprietary hearing-protection and 3D-audio technology.

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 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 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 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 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 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 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 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 2

Pär Hedberg och Sting: Startupmaskinen som aldrig stannar

#2. Startupmaskinen som aldrig stannar Pär Hedberg , grundare av inkubatorn Sting , gästar podden och delar insikter från 20 år i svensk startupfront. Vi pratar om varför deeptech kräver en annan sorts investerare, hur man skapar tillväxtbolag i serie och varför varje team behöver någon som gillar fakturering. Sting har sedan starten 2001 blivit en av Europas mest respekterade inkubatorer, med röt

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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 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 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 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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Insights

ALL INSIGHTS →

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

INSIGHT

Snart nytt år – vem ska jag prata med?

Hårdvarupodden ångar vidare in i 2025 och stora nyheter utlovas i Q1. Samtidigt söker vi fler som vill intervjuas i podden. Vem ska jag prata med i 2025?

READ →
INSIGHT

From Cockpit to Cap Table: Inside Nordic Defense Tech

A fighter pilot turned VC explains why defense tech founders validate with the wrong people.

READ →
INSIGHT

Now Launching: Nordic Hardtech

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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.

READ →
INSIGHT

Less is More: How Flic Pushed the Button on Scalable Hardware

How Flic turned a simple Bluetooth button into a profitable, VC-free global hardware business.

READ →
INSIGHT

Vi ses snart!

Hårdvarupodden är under utveckling och de första avsnitten släpps våren 2024.

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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

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 Hardware Meets Awesome

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

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INSIGHT

The Nordic Heat List: Ten Nordic Companies Turning Heat into Hardtech

Profiles ten Nordic companies turning industrial and household heat into hardtech-driven climate solutions.

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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

The New Industrial Stack

Nine Nordic startups are building the software layer that lets factories be programmed like computers.

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.