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.
The funding map
ALL 175 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.
Uppsala Universitet Invest
UU Invest is Uppsala University's investment company, founded in 1995 to fund research-based startups from the university's humanities, medicine and pharmacy, and technology and science faculties. It has backed more than 115 companies to date and runs the annual VentureChallenge, offering researchers up to SEK 500,000 in project funding.
Kinnevik
Kinnevik is a Swedish listed growth investment company, founded in Stockholm in 1936 by the Stenbeck, Klingspor and von Horn families. It backs technology-enabled companies from early to growth stage across healthcare, software and climate tech, holding a portfolio of 20+ larger companies including recent bets on green steel, heat pumps and battery technology.
Voima Ventures
Voima Ventures is a venture capital firm founded in 2019 with offices in Helsinki and Stockholm. It invests in science-based deep tech startups across the Nordics and Baltics, from pre-seed to Series A and B, and closed a EUR 100 million Fund III backed by the European Investment Fund, Tesi, VTT and Saminvest.
Revalence Ventures
Revalence Ventures is a Stockholm based venture firm investing in founder operated technology companies from seed to Series A. Its confirmed backing spans fintech, retail tech and defence tech, including Klarna, Apprl and the Norwegian defence simulation and training startup Levato.
Beijer Invest
Swedish investment company focusing on long-term ownership in industry, real estate, and environmental technology.
Eyrir Invest
Eyrir Invest is an international investment company that focuses on investments in industrial companies that have the potential to become true global leaders.
Energimyndigheten
The Swedish Energy Agency (Energimyndigheten) is Sweden's public authority for energy research, innovation and preparedness, providing grants and R&D funding to companies, academia and public bodies working on the transition to a fossil-free energy system.
Industrifonden
One of Sweden’s largest VC funds, investing in transformative Nordic tech and life science startups.
Plug & Play Gothenburg
Plug and Play Gothenburg is the Nordic mobility hub of the global Plug and Play Tech Center network, based at The Yard in Lindholmen Science Park with Volvo Cars as founding partner. It runs corporate innovation and accelerator programs connecting startups with mobility and automotive corporates, but no Gothenburg-specific portfolio company list is publicly documented.
Scale Capital
Investing in the critical technologies that Europe and the world will depend on. Seed and Series A. Deeply rooted in the Nordics.
Scania Ventures
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.
Connect
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.
The ecosystem
ALL 1197 COMPANIES →Who builds, supplies and enables hardtech across the Nordics, from garage startups to industrial giants. Browse by role, phase and vertical.
Ligna Energy
Offers bio-based energy storage solutions, including supercapacitors, for sustainable energy applications.
Medoma
Provides hospital-at-home services, integrating technology and healthcare to deliver advanced care in patients' homes.
Capra Robotics
Danish manufacturer of the Capra Hircus, an autonomous mobile robot built to bridge indoor and outdoor logistics with a patented kinematic model and four-wheel chassis for challenging terrain.
Smart Eye
Smart Eye provides AI-based eye-tracking technology for automotive and research applications, enhancing safety and user experience.
THINGS Stockholm
Deeptech hub focusing on industry, infrastructure, utilities, and mobility, supporting startups and corporates.
Seamless Distribution Systems
Seamless Distribution Systems offers software platforms for digital sales and distribution, specializing in mobile payments and electronic top-up systems.
Helios Innovations
Develops evaporation technology to purify industrial process water using waste heat.
Kvalitest Sweden AB
Offers materials testing, environmental testing, and measurement systems.
Orbify
Offers a platform for building geospatial applications using satellite data, enabling environmental monitoring.
Simulair
Simulair offers AI-driven simulation tools for training and evaluating autonomous systems in virtual environments.
Martinsson Elektronik AB
Offers electronic design and manufacturing services, specializing in embedded systems and IoT solutions for various industries.
JonDeTech Sensors AB
Develops nanotechnology-based infrared sensors for various applications.
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.
Open raises
SEE WHO IS RAISING →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 list is open for the first entries.
The podcast
ALL 37 EPISODES →Conversations with the founders and funders of Nordic hardtech.
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 1 Stefan Ytterborn och Cake: Från hype till haveri
#1. Från hype till haveri Stefan Ytterborn , grundare av elfordonsbolaget Cake , gästar premiäravsnittet av Hårdvarupodden (numer Nordic Hardtech Podcast). Vi pratar om hela bolagsresan – från vision och hype till konkurs – och om vad andra kan lära sig av en resa som gick snabbt, snyggt och slutade tvärt. Cake satte en ny standard för elfordon. Men att bygga hårdvara, skala globalt och finansiera
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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 27 Karoly Szipka – IPercept & the CNC Whisperers: From PhD to Predictive Power [ENG]
Episode #27 – IPercept & the CNC Whisperers: From PhD to Predictive Power Karoly Szipka , founder and CEO of IPercept , joins the podcast to share how a research project on machine efficiency became a fast-scaling deeptech company with some of Europe’s largest industrial players as customers. With AI, patented hardware, and a “fitness tracker” for CNC machines, IPercept is redefining predictive ma
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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 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 11 Staffan Stymne och T.Loop: Spillvirke för AI-eran
#11. Spillvirke för för AI-eran Staffan Stymne , vd och medgrundare av T.Loop gästar podden och berättar hur de bygger datacenter som både driver AI och balanserar elnätet – med återbruk, överskottsenergi och smart lokalisering som kärna. Med 30 års erfarenhet från energisektorn tog Staffan steget in i tech för att visa att datakraft inte behöver kosta klimatet. I dag bygger T.Loop för den nya era
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EP 17 Alexander Osika om Glorb, SNRGY och att kickstarta hårdvara på riktigt [SWE]
#17.Om Glorb, SNRGY och att kickstarta hårdvara på riktigt Alexander Osika , vd och medgrundare av SNRGY Studios , gästar podden och berättar hur teamet tog Glorb – ett smart ljuskonstverk – från idé till marknad. Med bakgrund från Plejd och Einride, och med en passion för produktdesign, har Alexander blivit en av Sveriges mest spännande hårdvarubyggare. Här delar han resan bakom Glorb – från prot
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EP 18 Stina Lantz och SISP: Så bygger vi ett starkare innovationssystem
#18.Så bygger vi ett starkare innovationssystem Stina Lantz , VD på SISP (Swedish Incubators and Science Parks), gästar podden och berättar om inkubatorernas och science parks roll i det svenska innovationssystemet. Med bakgrund som entreprenör, affärsutvecklare och programledare för Ignite Sweden har Stina jobbat med över 1300 startups. I dag leder hon SISP – en medlemsorganisation som samlar 63
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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 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 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
LISTEN →Insights
ALL INSIGHTS →What we have learned about building, scaling and funding hard things in the Nordics.
INSIGHT Lovable Just Went Unicorn: But Don't Let Deeptech Starve
A Nordic Hardtech contributor warns that Lovable's software unicorn success shouldn't overshadow the need to fund and support slower, harder deeptech innovation.
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INSIGHT Building Before You Ask for Permission
Atonemo's founder explains how reduction, timing and restraint shape consumer hardware development.
READ →When infrastructure thinks like nature
Flox's CTO explains how edge hardware, acoustics and AI guide wildlife away from roads, railways and airports.
READ →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 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.
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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 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 Livepodd i Göteborg på Evertiq-mässan
Torsdag den 19 september besöker podden Evertiq-mässan i Göteborg för att intervjua två intressanta bolag live på scenen: Airolit och Frontside. Jag (Jonas) står även på mässgolvet för samtal.
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INSIGHT The game beneath the game
Elite football's technology stack, from smart balls to computer vision, shows how Nordic hardtech is proving itself on the pitch.
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INSIGHT Congrats Lovable – A Cautionary Tale for Deeptech?
Lovable just became Europe’s latest unicorn – and it’s a win for Swedish innovation. But deeptech founders, take note: speed isn’t everything. If capital keeps chasing AI hype, critical climate and resilience tech may get left behind.
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INSIGHT Now Launching: Nordic Hardtech
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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.
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 ↗Swedish Incubators and Science Parks, the national infrastructure for innovation environments.
SISP.SE ↗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.