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
1242
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.

KTH Ventures

University Venture EntitySE

Investment company affiliated with KTH Royal Institute of Technology, supporting commercialization of research and innovation. Formerly KTH Holding. Formerly KTH Ventures.

Backed:Simulair, Dappler Labs, Novatron

Kompas VC

Venture CapitalDK

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.

Backed:United Manufacturing Hub (UMH), Array Labs, Epoch Biodesign, General Biotechnologies, Found Industries, Tynt Technologies, Ecoworks, Material Evolution, fruitcore robotics, CyanoCapture, Point, Again

Superangel

Venture CapitalINTL

Tallinn-based early-stage investor and company builder backing bold tech founders in the Baltics and Nordics.

Backed:Starship, Coalescent, Lightcode

North Ventures

Venture CapitalDK

North Ventures is a Copenhagen-based venture capital firm investing in technology-driven companies from seed to Series A in Denmark and across the Nordics. Founded in 2019 as an evolution of North Finance, it has backed dozens of Danish growth companies and raised a dedicated venture fund targeting DKK 300 million to keep scaling that activity.

Backed:Sparrow Quantum, Quadsat, Reblade, Advalight, a:gain, Dryp

EQT Group (Scaleup Europe Fund)

Investment CompanySEEU

Stockholm-headquartered global investment organisation managing the EU-backed Scaleup Europe Fund, which targets Series B-to-pre-IPO European tech companies including hardtech sectors such as space, robotics and advanced industrial systems.

Backed:ICEYE (Espoo, Finland — SAR satellite constellation / sovereign space intelligence)

People Ventures

Venture CapitalDK

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.

Backed:Understory, Onomondo, sani nudge, Cortrium, Spiio

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)

Skåne Ventures

Venture CapitalSE

Regional VC initiative boosting startup capital access across southern Sweden.

Backed:N/A

Eyrir Invest

Investment CompanyEU

Eyrir Invest is an international investment company that focuses on investments in industrial companies that have the potential to become true global leaders.

Backed:Marel (JBT Marel), Össur, Carbon Recycling International

Nordic Alpha Partners

Investment CompanyDK

Nordic Alpha Partners is a Copenhagen based industrial greentech growth fund investing across two funds worth roughly 400 million EUR since 2017. It uses an operational value creation toolkit to scale portfolio companies in energy transition, agriculture, building and construction, industrial process innovation, circular economy and waste, and water and wastewater.

Backed:Additive Drives, STABL, Sunroof, Green Hydrogen Systems, Agrointelli, Airwatergreen, MicroShade, DyeMansion, Wiferion, Re-Match, Variolytics, AquaGreen

NATO Innovation Fund (NIF)

Venture CapitalPublic FundingINTL

A standalone venture capital fund backed by NATO Allied nations that invests in deep tech startups strengthening defence, security and resilience.

Backed:Terasi (Sweden), Laki Power (Iceland), Kongsberg Ferrotech (Norway), Kelluu (Finland)

Scaleup Europe Fund (managed by EQT)

Public FundingInvestment CompanySEEU

Scaleup Europe Fund is a EUR 5 billion growth fund managed by EQT, targeting European technology scaleups from Series B through pre-IPO in sectors including AI, quantum, space, clean energy and biotech. It was founded by the European Commission alongside investors including Novo Holdings, Allianz, APG, EIFO, CriteriaCaixa and Santander/Mouro Capital, and made its first investment in August 2026, co-leading ICEYE's EUR 1 billion Series F round.

Backed:ICEYE

The ecosystem

ALL 1242 COMPANIES →

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

Stoneridge Electronics AB

ProductMobility & TransportSE

Swedish OEM division of Stoneridge, Inc. (NYSE: SRI), based in Solna, developing electronic vehicle systems including the MirrorEye Camera Monitor System that replaces truck and bus mirrors with cameras and in-cab displays.

Audiodo

ProductConsumer HardwareSE

Audiodo develops personalized audio technology that adapts sound output to individual hearing profiles, enhancing the listening experience across various devices.

Nordcad AB

SupplierComputing & ConnectivitySE

Provides electronic design automation (EDA) software solutions and training for PCB design and simulation.

Posiva

ProductNuclearConstruction & Built EnvironmentFI

Posiva is the Finnish company responsible for the final disposal of spent nuclear fuel, operating the Onkalo deep geological repository — the world's first facility of its kind.

Koenigsegg

ProductMobility & TransportSE

Manufacturer of high-performance hypercars featuring proprietary technologies.

Cell Impact

SupplierHydrogen & FuelsSE

Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolyzer manufacturers.

Haldex

SupplierMobility & TransportManufacturing & Industrial TechSE

Haldex is a leading manufacturer of reliable and innovative brake systems and air suspension solutions that enhance the safety, dynamics and durability of heavy vehicles.

Micropower Group

ProductEnergy Storage & BatteriesManufacturing & Industrial TechSE

Micropower Group develops, manufactures and markets industrial lithium-ion batteries, battery chargers, power supplies and DC-DC converters for forklift trucks, AGVs, construction equipment and other electrified industrial applications.

Peak Energy

ProductEnergy & GridINTL

Peak Energy focuses on advancing sodium-ion battery systems for renewable energy storage solutions.

Danfoss Power Solutions AB

ProductEnergy & GridDK

Provides engineering solutions for energy efficiency and sustainable infrastructure.

Pixii

ProductEnergy & GridEnergy Storage & BatteriesNO

Pixii leads the way in delivering innovative Battery Energy Storage Systems (BESS), empowering a secure and sustainable energy future.

DigitalRoute

SupplierComputing & ConnectivitySE

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

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 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

LISTEN →
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 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 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 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 10

Kurt Högnelid och Waybler: Laddlogik för nästa elbilsvåg [SWE]

#10. Laddlogik för nästa elbilsvåg Kurt Högnelid , VD och medgrundare av Waybler , gästar podden och berättar hur bolaget bygger ett laddsystem för lägenheter och kontor – med smart styrning, lokal produktion och ett eget moln i ryggen. Kurt har grundat sju bolag inom medtech, IT och energi, och varit entreprenör i över 20 år. Med Waybler bygger han nu för tillväxt på en marknad som både boomat oc

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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 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 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 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

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

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

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.

READ →
INSIGHT

Vi är live!

På rekordtid (?) har vi gått från idé till handling och skapat Hårdvarupodden.

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

When policy becomes a product constraint

Industrial policy now shapes hardtech product decisions early, forcing founders to decide how much strategic control to trade for public support.

READ →
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.

READ →
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.

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

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

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 →

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.