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.
Linnea Capital
A seed fund co-founded by Uppsala Innovation Centre, investing in early-stage tech and life science startups.
Kompas VC
Copenhagen-based early-stage venture capital firm that has, since its founding in 2021, backed founders building enabling technologies for physical industries such as manufacturing, the built environment, and energy. In 2026 the firm closed a 160 million euro Fund II, backed by LPs including VKR Holding and new entrant Realdania, to keep investing at the intersection of the physical world and modern technology.
Eviny Ventures
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.
Walerud Ventures
Family-backed investor supporting early-stage deep tech startups focused on sustainability and innovation.
Lifeline Ventures
Lifeline Ventures is a Helsinki-based, sector-agnostic early-stage venture capital firm founded in 2009. It invests from pre-seed through growth stages across deeptech, climate, health and consumer sectors, and closed a 400 million euro sixth fund in 2025 to keep backing founders from first check through scale.
Chalmers Ventures
The startup incubator and investment arm of Chalmers University, supporting deep tech ventures from research to market.
Propel Capital
Propel Capital is the pre-seed investment arm of Stockholm accelerator Sting, investing exclusively in Sting-associated startups since 2014 through a series of angel-syndicated funds. It has made over 230 investments across seven fund generations, backed by 120+ business angels and the state-owned Saminvest.
Gungnir Capital
Stockholm based venture capital firm investing in early stage European defence and dual use technology companies, from pre seed to Series A.
People Ventures
People Ventures is an operational venture capital firm based in Copenhagen that invests its own people and capital alongside money into founders, backing pre-seed and seed stage tech companies across the Nordics, with a recent focus on digital health and enterprise software.
EUDIS BAMM
EUDIS BAMM (Business Accelerator) is a public, non-dilutive funding and coaching instrument of the EU Defence Innovation Scheme, run by the European Commission's Directorate-General for Defence Industry and Space together with a Starburst-led consortium. It selects cohorts of 20 European (EU + Norway) defence-tech start-ups and scale-ups twice a year, giving each a €120,000 seed-financing voucher plus coaching, bootcamps and investor/end-user matchmaking.
Inflection
Inflection is an early-stage venture fund investing 500K to 2M dollars at idea, pre-seed and seed stage in engineering moonshots across computation, cryptography, physical AI, robotics, manufacturing, energy, resilience and aerospace, with a geographic preference for Europe. It has led Nordic rounds including the 2025 pre-seed extension for Stockholm-based drone defence startup Nordic Air Defence and backed Malmö robotics company Levtek.
Corrected Ventures
Course Corrected VC (cc.vc) is a Stockholm-based, women-founded early-stage venture capital firm founded in 2021 that invests in climate-positive technology companies with a commercial approach to fighting climate change, and recently announced a first close of its Fund II exceeding EUR 65 million.
The ecosystem
ALL 1188 COMPANIES →Who builds, supplies and enables hardtech across the Nordics, from garage startups to industrial giants. Browse by role, phase and vertical.
FarmDroid
FarmDroid FD20 is a fully automatic, solar-powered field robot that automates seeding and plant protection.
SeaPattern
SeaPattern develops AI systems designed for optimizing synergy in electricity production, enhancing energy efficiency.
Distance Technologies
Distance amplifies human perception with AI-driven optics and computer vision, delivering industrial-scale deep tech for defense, aerospace, and automotive applications.
Cogra Pro AB
Manufactures and supplies printed circuit boards and development boards for electronics.
Chipmetrics
Chipmetrics is a Finland-based semiconductor metrology company that builds proprietary 3D high-aspect-ratio test chips and wafers (notably the PillarHall family) to deliver fast, precise thin-film and conformality measurements for ALD and other deposition processes, serving chipmakers, equipment vendors and materials developers worldwide.
Elywhere
Elywhere designs and manufactures charger-plus-battery-storage EV charging stations that let fast charging work at sites where the local grid cannot support it.
Compodium
Provides secure digital communication solutions, including video conferencing and digital identification.
Nexans
Global leader in cable manufacturing, providing solutions for power and data transmission, supporting electrification and energy transition.
ArgusEye
ArgusEye provides sensor solutions for real-time detection of biological systems and processes, using nanoplasmonic sensing combined with fiber optics.
NIBE Industrier
NIBE is a global group that develops and manufactures intelligent, energy-efficient indoor comfort solutions, including air and ground source heat pumps engineered with proprietary inverter technology.
PartnerTech Karlskoga AB
PartnerTech Karlskoga specializes in advanced mechanical production, primarily serving the defense industry with high-precision components.
AlixLabs
AlixLabs specializes in atomic layer etching technology, providing solutions for advanced semiconductor manufacturing processes.
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 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 15 Ola Wassvik & Flatfrog: Att äga vägen till skalbarhet [SWE]
Ola Wassvik , medgrundare av Flatfrog , gästar podden och berättar hur bolaget tog en optisk multitouch-teknik från ett labb i Lund till en global marknad. I dag används Flatfrogs lösningar i allt från klassrum till styrelserum – men bakom framgången finns en annan avgörande faktor: patenten. Med över 300 patent i ryggen använde Flatfrog IP som ett strategiskt verktyg för att skydda sin teknik, sä
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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 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 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 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 22 Christoffer Johnsson: Från stock till kod – hur Taigatech transformerar en miljardindustri [SWE]
Det här avsnittet görs i samarbete med The Yard – en coworkingmiljö och verkstad för hardtech-startups i Göteborg. En kreativ plats med industriell känsla för dig som bygger fysiska produkter. Avsnitt 22. Från stock till kod – hur Taigatech transformerar en miljardindustri Christoffer Johnsson , vd på Taigatech, gästar podden och berättar hur bolaget kombinerar AI och industriell automation för at
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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 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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EP 12 Dora Palfi and imagi: From Neuroscience to Neon Pixels
Episode #12: From Neuroscience to Neon Pixels with imagi Dora Palfi , co-founder and CEO of edtech company imagi , joins the podcast to talk about building tools that make tech education more accessible, playful — and empowering, especially for girls. With a background in both neuroscience and computer science, Dora shares her journey from research to entrepreneurship, and how imagi is redefining
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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 25 Joacim Westlund Prändel – Less is More: How Flic Pushed the Button on Scalable Hardware [ENG]
🤝 This episode is produced in collaboration with Lightbringer – the patent service helping founders move faster. With AI at its core and senior attorneys in-house, they streamline the patent process and set a new standard for how growth-stage teams secure what’s theirs. Episode #25 Less is More: How Flic Pushed the Button on Scalable Hardware What if turning off a light or flipping a music sheet c
LISTEN →Insights
ALL INSIGHTS →What we have learned about building, scaling and funding hard things in the Nordics.
INSIGHT Quantum That Counts: 10 Nordic Quantum Pioneers to Watch
A curated look at ten Nordic companies turning quantum research into commercial hardware and software.
READ →
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 Building Before You Ask for Permission
Atonemo's founder explains how reduction, timing and restraint shape consumer hardware development.
READ →Beta-perioden är över - vad nu?
Under våren har vi spelat in fem avsnitt av Hårdvarupodden för att testa konceptet.
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 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 →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.
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INSIGHT The Hard Way: The Nordic Way
Nordic hardtech founders keep choosing complex, regulated, physical-world industries over easy, fast-scaling opportunities.
READ →From stubbornness to breakthroughs: the case for difficult founders
Industrifonden's Mala Valroy explains why she backs stubborn, bold deep tech founders over comfortable, consensus-seeking ones.
READ →
INSIGHT Vi är tillbaka – snart!
Efter en framgångsrik beta-period under våren, med massor av positiv feedback, så kommer Hårdvarupodden att återlanseras under hösten. Nya avsnitt inom kort! Vill du hjälpa till?
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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.
READ →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 →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.