The Nordic hardtech community

For everyone building hard things in the Nordics.

Hardtech is innovative, complex and physical. It takes longer to build and more capital to scale, and the knowledge lives in few places. Nordic Hardtech exists so the people who build it, fund it and enable it can find each other.

155
Investors mapped
923
Ecosystem companies
37
Podcast episodes
8,000+
Newsletter readers

The funding map

ALL 155 INVESTORS →

Every Nordic investor with documented hardtech investments, plus the grants and public instruments that fund the other half of the journey from lab to factory.

Spark Capital

Venture CapitalINTL

Venture capital firm investing in early-stage technology companies across industries including software, marketplaces, and fintech.

Eviny Ventures

Corporate VentureNO

Eviny Ventures is an approx 50 meur CVC fund investing in seed-stage tech in the renewable energy value chain. Our office is in Bergen, Norway and geographical focus is Nordic + northern Europe.

Backed:Heimdall Power, Amina Charging, Tequs

GU Ventures

University Venture EntitySE

University of Gothenburg’s venture firm supporting research-based startups in life science, tech, and impact.

Backed:Mimbly, Enarion, Luxbright

Noon Ventures

Venture CapitalDK

Early-stage VC backing sustainable innovations and companies addressing major societal challenges.

Backed:Lotus Microsystems, Spectroinlets

Dacke Industri

Investment CompanySE

Industrial group investing in companies with proprietary products and technical expertise. Focus: Industrial, Technology

Further Than Capital

Investment CompanySE

Early-stage investment firm supporting impact-driven startups solving global challenges.

Backed:Terasi, Radtonics

Vasa Angels

Angel networkSE

Angel investor network associated with GU Ventures, investing in early-stage startups.

Backed:N/A

Jinderman & Partners

Investment CompanySE

Investment firm focused on active, long-term ownership in Swedish growth companies.

Backed:NanoEcho, Respinor, SpaceX

Scaleup Europe Fund (managed by EQT)

Public FundingInvestment CompanySEEU

A €5 billion target-size growth fund established by the European Commission together with a group of European investors and managed by EQT, aimed at closing Europe's scaleup funding gap for strategically important technology companies.

Backed:ICEYE

Expansion Ventures

Venture CapitalINTL

European VC firm focused on science-based and sustainable innovations with global potential.

Backed:ION-X, Constellation Tech, Arkadia

Seven District

Investment CompanySE

Early-stage VC focusing on scalable Nordic tech companies, especially B2B SaaS and digital platforms.

Backed:Airolit, Irriot, Incipientus

Wicked Angels

Investment CompanySE

Angel network investing in early-stage startups with a focus on female founders and diversity.

Backed:N/A

The ecosystem

ALL 923 COMPANIES →

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

Starflow

ProductEnergy & GridMobility & TransportNO

Starflow is building a seamless platform with smart inverters, solar, batteries, and EV chargers to monitor, manage, and optimize your home's energy.

Lindholmen Science Park

EnablerScience ParkSE

Facilitates collaboration between industry, academia, and public sector in innovation projects.

Nordcad AB

SupplierComputing & ConnectivitySE

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

Skellefteå Science Park

EnablerScience ParkSE

Skellefteå Science Park supports innovation and entrepreneurship in northern Sweden, focusing on sustainable technologies.

Koenigsegg

ProductMobility & TransportSE

Manufacturer of high-performance hypercars featuring proprietary technologies.

Novanik AB

ProductDefence & SecuritySE

Develops advanced security solutions and technologies for defense applications, focusing on resilience and innovation.

Piteå Science Park

EnablerScience ParkSE

Piteå Science Park is a hub for innovation and development, supporting businesses and projects in creative and technology sectors.

Victor Hasselblad AB

ProductConsumer HardwareSE

Manufactures high-end cameras and imaging equipment.

Elproman AB

SupplierDistribution & SupplySE

Supplies cable management and wiring products for industry and automation.

Fingerprint Cards AB

ProductSemiconductors & PhotonicsAdvanced MaterialsSEAcquired by Precise Biometrics AB

Develops biometric systems, including fingerprint sensors and related software.

Boden Business Park

EnablerScience ParkSE

Boden Business Park focuses on creating optimal conditions for new businesses to start, existing businesses to grow, and companies to relocate, fostering a dynamic business environment.

Samey Robotics

ProductRobotics & AutomationAgri & Food TechIS

Samey Robotics designs, manufactures and installs bespoke automation and robotic systems for the food processing industry, especially salmon and fish handling.

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 30

Per Brickstad – Transparent & the Quest for Timeless Tech

#30. The Quest for Timeless Tech Per Brickstad , founder and chief designer at Transparent , joins us in our 30th episode – a milestone worth noting. Transparent is on a mission to become the world’s first circular tech brand, building modular and upgradable audio gear that challenges consumer electronics’ throwaway logic. From a Stockholm design studio to a global hardware company, this is the st

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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 37

Lisa Eriksson (KTH Innovation) – Building Europe’s Deeptech Pipeline

37. Building Europe’s Deeptech Pipeline Lisa Eriksson , Head of KTH Innovation and CEO of KTH Ventures , joins the Nordic Hardtech Podcast to discuss what it takes to turn world-class research into venture-backed companies. KTH Innovation supports hundreds of founders, researchers and students every year, helping transform ideas into startups across fields such as AI, energy, semiconductors, life

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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 5

Rickard Bröms och Vässla: Full gas till fritt fall [SWE]

#5. Full gas till fritt fall Rickard Bröms , grundare av Vässla , gästar podden och berättar hur bolaget gick från Blockets enda elmoppe till internationell elfordonssatsning – och till slut in i rekonstruktion. Vi pratar om produktstrategi, supply chain, kapitaljakt och vad som händer när verkligheten kör över visionen. Men också om hur en idé kan leva vidare, även efter en konkurs. I det här avs

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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 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

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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 33

Leo Ballesteros – Atonemo & When to Ignore the Market (At First)

#33: When to Ignore the Market (At First) Leo Ballesteros , founder of Atonemo , joins the podcast to share a brutally honest take on what it actually takes to build a consumer hardware company from scratch. From feature overload to ruthless simplification, this episode is about learning by doing. Every single day. Atonemo is building consumer electronics at the intersection of hardware, software

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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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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 13

Giovanni Fili från Exeger: att bygga ett imperium cell för cell [SWE]

#25. Att bygga ett imperium cell för cell Giovanni Fili , grundare och vd för Exeger , gästar podden och berättar hur bolaget tagit fram en helt ny typ av solcell – och byggt en fabrik runt visionen. Det här är berättelsen om hur svensk deeptech trotsar oddsen: från egenutvecklade nanopartiklar och patenterade elektroder till en fullt automatiserad fabrik mitt i Stockholm. Powerfoyle, Exegers ljus

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Insights

ALL INSIGHTS →

What we have learned about building, scaling and funding hard things in the Nordics.

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 →
INSIGHT

When infrastructure thinks like nature

Flox's CTO explains how edge hardware, acoustics and AI guide wildlife away from roads, railways and airports.

READ →
INSIGHT

Vi är live!

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

READ →
INSIGHT

The Deeptech Funnel: Why European Legacy Industry Must Stop Being a Spectator

Argues European legacy industry must engage deeptech startups earlier, during the demonstration phase, instead of waiting for finished technology.

READ →
INSIGHT

Gothenburg Rising: where legacy meets innovation

An analysis of how Gothenburg's industrial legacy and collaborative culture are fueling its rise as a Nordic hardtech hub.

READ →
INSIGHT

Nordic Hardtech x Lightbringer: IP just got interesting!

Tired of slow, expensive patents? Lightbringer flips the script. Discover how AI-driven IP can help you protect ideas, raise capital, and build real leverage.

READ →
INSIGHT

Beta-perioden är över - vad nu?

Under våren har vi spelat in fem avsnitt av Hårdvarupodden för att testa konceptet.

READ →
INSIGHT

The Hardtech Christmas List: What Nordic Founders Really Want

A December reflection on the unglamorous but essential conditions Nordic hardtech founders actually need to keep building.

READ →
INSIGHT

The Validation Economy

Donut Lab's battery claims show how independent validation itself becomes strategic currency in deep hardware.

READ →
INSIGHT

Geography Is Back On The Map

Eight Nordic hardtech firms show that staying close to factories and industry can be a competitive edge, not a limit.

READ →
INSIGHT

Less is More: How Flic Pushed the Button on Scalable Hardware

How Flic turned a simple Bluetooth button into a profitable, VC-free global hardware business.

READ →
INSIGHT

Human-in-the-Loop: The Economics of Staying in Control

Argues Nordic automation succeeds by keeping humans in the loop, turning oversight into a strategic economic advantage over full autonomy.

READ →

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.