For everyone building hard things in the Nordics.

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

Backed:Terasi, Radtonics

Concejo

Backed:SAL Navigation, BeammWave, Xenergic, Firenor International, ACAF Systems, Optronics Technology, Charge Amps, Trifilon

Concejo AB (publ) is a Nasdaq Stockholm-listed Swedish investment company headquartered in Nacka, structured around two business areas: Concejo Industrier, which holds majority stakes in operating industrial companies mainly in fire/gas safety, and SBF Fonder, an asset manager for Swedish residential real estate funds; it also holds minority stakes in Nordic listed and unlisted technology/growth companies via associate holdings.

GOKAP Invest

Backed:Njord Medtech, Oxlantic, Resitu, Bioservo

Invests in Swedish tech startups with strong growth potential, mainly in the early stages.

Backed:Ranlos, Luxbright Texray

Nordic Angels

Angel networkSE

Angel investment network connecting Nordic investors with tech and impact-driven startups.

Backed:N/A

NATO DIANA

Public FundingINTL

NATO’s accelerator supporting dual-use deep tech startups across defense and civilian applications.

Backed:N/A

Life Science Invest

Venture CapitalSE

Investing in Nordic life science and medtech companies. Pre-seed-early serie A.

Centripetal

Invests in early-stage climate tech startups that aim to accelerate decarbonization through scalable innovation.

Backed:Occlutech, Einride, Voi

Dacke Industri

Dacke Industri is a Swedish industrial holding group, owned by Nordstjernan since January 2016, that acquires and grows Nordic and international engineering companies with proprietary hardware products across four divisions: Air & Mechatronics, Power & Motion, Measurement & Control, and Precision & Protection.

Turbine Capital

Venture CapitalSE

Venture capital firm investing in Nordic tech companies solving global issues through innovation.

Backed:N/A

Navigo

Backed:ChipAgents, Fabric8Labs, Einride, Nubis Communications, Pensando

Swedish investment company supporting sustainable Nordic companies in both listed and unlisted markets.

Backed:Calormet

Nordic Secondary Fund

Venture CapitalDK

Specialized VC fund focusing on secondary transactions in Nordic growth-stage startups.

Backed:OnRobot, Wingcopter

Ericsson Ventures

Corporate VentureSE

Ericsson Ventures is the corporate venture capital arm of Ericsson, deploying capital directly from Ericsson's balance sheet (not raising from external LPs) to back startups strategically relevant to its wireless/network infrastructure business, with operations spanning Stockholm/Kista, Sweden and Santa Clara/Palo Alto, California, New York, Beijing and Barcelona. It focuses on next-generation networking, IoT, AI/ML for network automation, edge/cloud-native infrastructure, cybersecurity for connected devices, and next-generation wireless hardware, investing mostly at Series A/B alongside occasional seed extensions.

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The ecosystem

ALL 959 COMPANIES →

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

Robotto

ProductDefence & SecurityAutonomous Systems & DronesDK

Danish drone-autonomy company that builds AI navigation software delivered as edge nodes, letting UAVs navigate and strike without GPS or uplink.

CN Rood Nordics AB

SupplierDistribution & SupplySE

Distributes test and measurement equipment for electronics and industrial applications.

CubaseBio

ProductHealth & MedtechSensors & InstrumentationSE

Cubase Bio is a Stockholm-based spatial biology company building tools for true 3D spatial transcriptomic analysis using volumetric DNA microscopy, moving beyond conventional 2D tissue-section techniques.

Nautrik

ProductMobility & TransportSE

Specializes in maritime technology solutions, including autonomous navigation systems.

Krinova Incubator

EnablerIncubator & AcceleratorSE

Offers incubation services focusing on food, environment, and health innovation.

Hexagem

ProductSemiconductors & PhotonicsAdvanced MaterialsSE

Develops dislocation-free GaN substrates for RF electronics based on nanowire technology.

Cobolt AB

ProductSemiconductors & PhotonicsAdvanced MaterialsSE

Develops and manufactures lasers and photonics solutions for scientific and industrial applications.

SU Inkubator

EnablerResearch InstitutionSE

Stockholm University's incubator supporting research-based startups and innovation.

SportIQ

ProductConsumer HardwareSensors & InstrumentationFI

SportIQ is world leading smart basketball company specialised in AI, machine learning and classical physics in sports.

Easy-Laser AB

ProductManufacturing & Industrial TechSE

Manufactures laser-based measurement and alignment systems for industrial applications.

Toolspace

EnablerIncubator & AcceleratorSE

Offers prototyping labs and support services for hardware product development in Stockholm.

Neonode

ProductComputing & ConnectivitySE

Provides advanced optical sensing technologies for touch, gesture, and object detection applications across various industries.

BROWSE ALL 959 COMPANIES →

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.

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The podcast

ALL 37 EPISODES →

Conversations with the founders and funders of Nordic hardtech.

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

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

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

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

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

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

EP 17

Alexander Osika om Glorb, SNRGY och att kickstarta hårdvara på riktigt [SWE]

#17.Om Glorb, SNRGY och att kickstarta hårdvara på riktigt Alexander Osika , vd och medgrundare av SNRGY Studios , gästar podden och berättar hur teamet tog Glorb – ett smart ljuskonstverk – från idé till marknad. Med bakgrund från Plejd och Einride, och med en passion för produktdesign, har Alexander blivit en av Sveriges mest spännande hårdvarubyggare. Här delar han resan bakom Glorb – från prot

EP 31

Mala Valroy – Industrifonden & the State of Deep Tech 2025

#31. Industrifonden & the State of Deep Tech 2025 Mala Valroy , Investment Manager at Industrifonden , joins the podcast to share her journey from biochemistry and startups to leading investments in deep tech. With Industrifonden’s unique evergreen model, she breaks down what it really takes to earn a term sheet in 2025, why relationships matter more than pitch decks, and how resilience and sustai

EP 28

Dominic Davies – Lightbringer & the Patent Reboot: From Legal Grind to Founder Speed [ENG]

Episode 28: From Legal Grind to Founder Speed Dominic Davies , co-founder of Lightbringer , joins the pod to talk patents, automation and founder-first IP. With a background in both software and patent law, he’s now building a system that aims to replace the traditional patent firm entirely — starting with the needs of deeptech startups. From knowledge graphs to GPT-3, Lightbringer was born out of

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

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

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

ALL 37 EPISODES →

Insights

ALL INSIGHTS →

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

Congrats Lovable – A Cautionary Tale for Deeptech?

Lovable just became Europe’s latest unicorn – and it’s a win for Swedish innovation. But deeptech founders, take note: speed isn’t everything. If capital keeps chasing AI hype, critical climate and resilience tech may get left behind.

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?

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.

When infrastructure thinks like nature

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

Building Before You Ask for Permission

Atonemo's founder explains how reduction, timing and restraint shape consumer hardware development.

Who Makes the Nordic Hardtech Canon?

A playful editorial ranks the inventions and companies that define Nordic hardtech's lasting industrial legacy.

Print, Charge, Scale: Then Go Again

How Exeger's Giovanni Fili built a flexible solar cell platform and factory from scratch against the odds.

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.

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.

The Validation Economy

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

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.

Gillar du podden? Betygsätt den!

Hårdvarupodden har funnits sedan juni 2024. Vi kommer fortsätta expandera under 2025 och fler nyheter kommer inom kort. Podden finns för lyssnarna – inget annat. Så, hur kan vi bli ännu bättre?