For everyone building hard things in the Nordics.

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.

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.

InnoEnergy is the EU-backed clean tech investor founded in 2010 by the European Institute of Innovation and Technology, headquartered in Eindhoven with a Swedish entity, KIC IE AB, in Stockholm. It holds equity stakes in 160+ active companies and has backed Nordic hardtech names including Minesto, CorPower Ocean and Northvolt, alongside battery, hydrogen and materials plays across Europe.

Verdane is a European growth equity investor founded in 2003 and headquartered in Oslo. It has offices in Stockholm, Copenhagen, Helsinki, London, Berlin and Munich. It invests EUR 20 million to EUR 150 million or more in tech-enabled and sustainable businesses, taking majority or minority positions in single companies or portfolios, with themes of digitalisation and decarbonisation. It runs the Freya, Edda and Idun funds, including Edda III at EUR 1.1 billion and the decarbonisation fund Idun II at EUR 700 million. Recent hardtech-adjacent deals include Dansk Gummi Industri, Factbird and Konvekta. These sit within a much larger software, marketplace, healthcare and consumer book.

imec.xpand is a Belgium-based (Leuven, with an Amsterdam office) venture capital fund, founded in 2017 as a spin-out of imec, that invests globally in early-stage semiconductor, nanotechnology and deep-tech hardware startups. It has no dedicated Nordic office, but invests across Europe and beyond and closed a EUR 300M second fund in 2024 to keep backing chip, photonics, quantum and hardware-enabled life-sciences ventures.

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.

Nordic Secondary Fund, founded in 2018 and based in Copenhagen, is the first fund in the Nordics to invest exclusively in secondary stakes. It buys minority positions in Nordic and Baltic companies that have already raised a Series A round and shown a proven, scalable business model, aiming for a return between 2x and 5x within five years.

EQT is a Stockholm-founded global investment organization managing the Scaleup Europe Fund, a €5bn public-private growth vehicle backed by the European Commission and institutions including Novo Holdings, EIFO and Wallenberg Investments, aimed at scaling Europe's most promising deep-tech companies from Series B to pre-IPO.

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

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.

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.

Seven District is a Swedish evergreen investment company that backs entrepreneurs from early stage up to roughly SEK 500 million in turnover, combining capital with hands-on operational support. Its portfolio spans industrial hardware, sensors, connectivity and aerospace alongside software, e-commerce and consumer platforms.

Provides electronic manufacturing services, including PCB assembly and product development support.

Develops electric vertical take-off and landing (eVTOL) aircraft for urban mobility.

Provides data integration and usage-based billing solutions for telecom and enterprise sectors.

IceWind designs and manufactures robust micro vertical-axis wind turbines to power communication towers, weather and seismic stations, emergency systems, lighting, and on-grid and off-grid lodgings.

OMRON provides total automation solutions that promote advanced collaboration between people and machines and accelerate digital transformation at manufacturing sites, including industrial and mobile robots, sensors, motion, control, safety and vision technology.

ECG247 is a medically certified sensor for continuous long-term monitoring of the heart rhythm for assessment of heart rhythm disorders.

Calmon specializes in motor control solutions, offering development and consulting services for BLDC, DC, and stepper motor systems.

Tribonex offers a patented mechanochemical surface treatment technology (Triboconditioning) that reduces friction and wear in metal components for automotive and industrial customers, without requiring new production equipment.

Rebelvolt is redefining mobile power with its battery-based e-Generator – a clean, silent, and maintenance-free alternative to traditional diesel generators.

Kelluu designs, manufactures, and operates autonomous hydrogen-powered airships that provide persistent intelligence, surveillance, and reconnaissance capabilities.

CargoBeacon offers asset tracking solutions using mesh network technology, enabling real-time location and condition monitoring across various industries.

Provides sensing, electrical protection, control, and power management solutions across various industries.