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.

175
Investors mapped
1188
Ecosystem companies
37
Podcast episodes
8,000+
Newsletter readers

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

University Venture EntitySE

A seed fund co-founded by Uppsala Innovation Centre, investing in early-stage tech and life science startups.

Backed:Altris, Percyroc, Deversify

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

Eviny Ventures

Corporate VentureNO

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.

Backed:Heimdall Power, Zinus, Really!, Cartesian, Photoncycle, Tequs, Amina, Voltfang, Bergen Carbon Solutions

Walerud Ventures

Investment CompanySE

Family-backed investor supporting early-stage deep tech startups focused on sustainability and innovation.

Backed:Midsummer, Volumental, Satcube

Lifeline Ventures

Venture CapitalFI

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.

Backed:Akkurate, Altum Technologies, Arctic Instruments, Calectra, Carbo Culture, CurifyLabs, Dispelix, Ductor, Elea & Lili, Enevo, Griffin Refineries, Helix Nano, HyCom Core, Hyperion Robotics, Iceye, Illutherm, Karsa, Koherent, Proteins.1, Solar Foods, P2X Solutions, Sulapac, Oura, Reduciner, TheStorage, Minima Processor, TILT Biotherapeutics

Chalmers Ventures

University Venture EntitySE

The startup incubator and investment arm of Chalmers University, supporting deep tech ventures from research to market.

Backed:Atlantic Quantum, Modvion, Parakey

Propel Capital

Venture CapitalSE

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.

Backed:Reorbit, Curve, Yubico, Surfcleaner, Midsummer, Mendi, Volumental, Flox

Gungnir Capital

Venture CapitalSEEU

Stockholm based venture capital firm investing in early stage European defence and dual use technology companies, from pre seed to Series A.

Backed:Monava (acoustic drone detection sensors), Kelluu, Acodyne

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

EUDIS BAMM

Public FundingINTL

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.

Backed:3YOURMIND, Autoagri, Defensphere (Vegvisir), Edge Aerospace, Elwave, Fernride, Fiducial, Munich Quantum Instruments, Nanomade, Nautrik, Nordic Air Defence, Radical Builders, U-Space, UAB Luna Robotics, VoxelSensors, Zeabuz

Inflection

Venture CapitalINTL

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.

Backed:Levtek, Stealth, Ark, Nordic Air Defence, Deep Earth, Lodestar, Ubitium, Fabric, Radical, Aptos, Arx, Hologram, Foundation

Corrected Ventures

Venture CapitalSE

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.

Backed:Renasens, Hyperion Robotic, Longbow Motors, Cosmic Aerospace, Artyc, Echandia, PaperShell, 1s1 Energy, Holyvolt, Modvion

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

ProductAgri & Food TechRobotics & AutomationDK

FarmDroid FD20 is a fully automatic, solar-powered field robot that automates seeding and plant protection.

SeaPattern

ProductEnergy & GridSE

SeaPattern develops AI systems designed for optimizing synergy in electricity production, enhancing energy efficiency.

Distance Technologies

ProductManufacturing & Industrial TechFI

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

SupplierDistribution & SupplySE

Manufactures and supplies printed circuit boards and development boards for electronics.

Chipmetrics

SupplierManufacturing & Industrial TechFI

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

ProductEnergy & GridMobility & TransportNO

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

ProductComputing & ConnectivitySE

Provides secure digital communication solutions, including video conferencing and digital identification.

Nexans

SupplierDistribution & SupplyINTL

Global leader in cable manufacturing, providing solutions for power and data transmission, supporting electrification and energy transition.

ArgusEye

ProductHealth & MedtechSE

ArgusEye provides sensor solutions for real-time detection of biological systems and processes, using nanoplasmonic sensing combined with fiber optics.

NIBE Industrier

ProductClimate & EnvironmentManufacturing & Industrial TechSE

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

ProductDefence & SecuritySE

PartnerTech Karlskoga specializes in advanced mechanical production, primarily serving the defense industry with high-precision components.

AlixLabs

ProductSemiconductors & PhotonicsAdvanced MaterialsSE

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.

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

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 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

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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 →
INSIGHT

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.

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

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.

READ →
INSIGHT

The Hard Way: The Nordic Way

Nordic hardtech founders keep choosing complex, regulated, physical-world industries over easy, fast-scaling opportunities.

READ →
INSIGHT

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?

READ →
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 →
INSIGHT

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.

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.