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.

176
Investors mapped
1206
Ecosystem companies
37
Podcast episodes
8,000+
Newsletter readers

The funding map

ALL 176 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.

SuperHero Capital

Venture CapitalFI

Helsinki-based early-stage VC investing in bold founders from Finland and the Baltics, especially in SaaS and deep tech.

Backed:Flow, The Storage, Doublepoint

Navigare Ventures

Venture CapitalSE

Invests in early-stage life science companies, focusing on diagnostics, medtech, and biotech.

Backed:SweGaN, Ligna Energy, TeraSi

Seven District

Investment CompanySE

Seven District is a Swedish evergreen investment company that backs entrepreneurs from early stage up to roughly SEK 500 million in turnover, combining capital with hands-on operational support. Its portfolio spans industrial hardware, sensors, connectivity and aerospace alongside software, e-commerce and consumer platforms.

Backed:Kvaser, Qamcom, Airolit, Incipientus, Viospatia, IRRIOT

Christoffer Melchior

Business AngelDK

Christoffer Melchior is a Copenhagen-based business angel and DanBAN lead angel focused on medtech and healthtech startups. He personally invested in NDURE, a Danish wearable continuous lactate tracker for athletes.

Backed:NDURE

Innovestor

Venture CapitalFI

Innovestor is a Helsinki based venture capital firm founded in 2014, investing in early-stage technology and life science startups across the Nordic and Baltic regions through its Technology Fund, Life Science Fund and Angel CoFund, alongside a corporate venturing arm and a commercial real estate business.

Backed:Granarium Technologies, Bioretec, ZenRobotics, Amertate, Sooma Medical, Brinter, Uniogen (Abacus Diagnostica / Kaivogen / Labrox), Monidor, 9Solutions, SpinDrive, HVR Cardio, Chip Metrics, Linkker, LNGTainer, Dobbelganger, Cajo Technologies, SuperGround

Kongsberg Innovation

Investment CompanyNO

Kongsberg Innovation is a Norwegian, Kongsberg-based business incubator and early-stage investor backed by Kongsberg Gruppen, Kongsberg Automotive, Equinor, TechnipFMC, Siemens Energy and other industrial owners. It runs the Kongsberg Pre-Seed Fund, typically investing 1 to 2 million NOK in first equity rounds in Norwegian B2B deep tech startups across maritime, ocean tech, energy transition, advanced manufacturing and industrial digitalisation.

Backed:Applied Autonomy, Kitemill, Kongsberg Ferrotech, N2 Applied, Distributed Ship Surveillance, ProfMOF, Vasshella Flexibles, REMB Technologies, Vinterfjord, Kyoto Group, Scale Protection, Electric Mobility Norway, Abalonyx, Cartesian, Tequs, Brudeli Green Mobility

Concejo

Investment CompanySE

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.

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

GOKAP Invest

Investment CompanySE

GOKAP Invest is a Gothenburg-based investment company, co-founded in 2018 by GU Ventures' CEO Klementina Österberg, that invests in innovative unlisted growth companies primarily in Västra Götaland/Western Sweden, having built a portfolio of around 19-22 holdings spanning life science, digital services and a small number of physical hardtech companies.

Backed:Luxbright AB, Nanolyze AB

Volvo Cars Tech Fund

Corporate VentureSE

Volvo Cars Tech Fund is the corporate venture arm of Volvo Cars, based in Gothenburg and active since 2018. It makes minority investments, typically EUR 1 million to EUR 5 million at seed to Series B, in mobility and automotive technology such as batteries, sensors, robotics and sustainable materials. Its Nordic holdings include Altris and Forciot.

Backed:Luminar Technologies, FreeWire Technologies, Forciot, StoreDot, Spectralics, Viospatia, Bcomp, Niron Magnetics, Altris, NEURA Robotics, dcbel, Humane

Scania Ventures

Corporate VentureSE

Scania Invest is Scania's in-house, global corporate venture capital arm, investing across all stages in energy and infrastructure, autonomous and supply chain, asset management and circularity, and deep tech. Scania also runs Scania Growth Capital, a fund managed by East Hill Equity that has backed nine companies since 2016 including sennder, Northvolt and H2 Green Steel, and a venture building arm that manages home-grown ventures such as Erinion and Scania Industrial Batteries.

Backed:Erinion, Scania Industrial Batteries, Scania Autonomous Solutions, Nyobolt, Black Semiconductor, SiB Solutions, Northvolt, H2 Green Steel, Addionics

Scale Capital

Venture CapitalDK

Investing in the critical technologies that Europe and the world will depend on. Seed and Series A. Deeply rooted in the Nordics.

Backed:Blykalla, Sparrow Quantum

Sätila Impact

Investment CompanySE

Sätila Impact Investment is a Gothenburg, Sweden based impact investment firm founded in 2008 as a subsidiary of Sätila Holding, investing in early-stage companies that address social and environmental challenges across areas like renewable energy, food security, animal welfare and water and sanitation.

Backed:Sistema.bio, PulPac, Build up Nepal, Ljusgårda, EMPE Diagnostics, Nordic SeaFarm, Amferia, Supernormal Greens

The ecosystem

ALL 1206 COMPANIES →

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

HANZA Electronics

SupplierServices & EngineeringSE

Provides manufacturing and product development services for electronics and mechanics.

3Sonic

ProductHealth & MedtechDK

3Sonic is a novel perioperative 3D ultrasound imaging device used to improve accuracy during cancer surgery.

Hexatronic Group

ProductComputing & ConnectivitySE

Develops and manufactures fiber optic products and solutions for telecommunication networks.

Nofence

ProductAgri & Food TechNO

Nofence is the world's first commercially available virtual fencing solution for livestock, using solar-powered GPS collars managed through a mobile app to let farmers define grazing areas without physical fences.

Mälardalen University

EnablerManufacturing & Industrial TechSE

A Swedish university based in Västerås and Eskilstuna with research and education focused on innovation, production systems and industrial digitalisation, working closely with manufacturing industry partners.

Nanolyze

ProductHealth & MedtechSE

Nanolyze develops patented solutions for helping researchers finding therapies for previously untreatable diseases, providing label free real-time analysis of nanoparticles at single particle resolution.

Evert

ProductEnergy & GridMobility & TransportNO

Evert offers a fully integrated energy platform comprising a 3-in-1 unit: EV charger, solar inverter, and power management unit (PMU) – reducing installation time, cost and system complexity.

UtvYakTa

ProductRobotics & AutomationSE

Develops predictive maintenance solutions for industrial machines, aiming to enhance energy efficiency and reduce carbon emissions.

EcoWave Power

ProductEnergy & GridSE

Develops and operates wave energy conversion systems to generate renewable electricity.

Realisator Robotics

ProductRobotics & AutomationSE

Realisator Robotics specializes in developing robotic systems and automation solutions for various industries, focusing on efficiency and precision.

Sandbacka Science Park

EnablerScience ParkSE

Sandbacka Science Park fosters innovation and supports companies in the technology and ICT sectors within the region.

Tribonex

SupplierManufacturing & Industrial TechSE

Tribonex offers a patented mechanochemical surface treatment technology (Triboconditioning) that reduces friction and wear in metal components for automotive and industrial customers, without requiring new production equipment.

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 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

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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 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 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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EP 16

Anders Hässel och Nenda: Streamingrevolutionen för företag [SWE]

#16. Streamingrevolutionen för företag Anders Hässel , vd och grundare av Nenda , gästar podden och berättar hur bolaget utvecklar en modern streamingplattform för företag – med hårdvara, molntjänster och affärsmodeller anpassade för B2B-marknaden. Målet: att ersätta föråldrade TV‑lösningar med smart, skalbar teknik. Nenda grundades med en tydlig idé: att förändra hur företag inom hotell, vård och

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EP 24

Henrik Jonsson och agood company: Cirkulärt varvet runt – mobilskalet som vill rädda planeten [SWE]

#24.Cirkulärt varvet runt – mobilskalet som vill rädda planeten Henrik Jonsson , vd på agood Company , gästar podden och berättar hur bolaget bygger cirkulära konsumentprodukter i stor skala – med lokal produktion som vapen mot klimatkrisen. Från en idé om att sälja direkt till konsument till att i dag samarbeta med jättar som Deutsche Telekom – här är berättelsen om hur hållbarhet blev affär. Ago

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EP 7

Claes Kjölhede och Airolit: Svensk hardtech ur ett drönarperspektiv

#7 Svensk hardtech ur ett drönarperspektiv Claes Kjölhede , vd på drönarbolaget Airolit , intervjuas live på Evertiq Expo i Göteborg. Vi pratar om hur man bygger avancerade drönarsystem i Sverige – och vad som krävs för att leverera till både totalförsvar och forskningsvärld. Airolit grundades 2017 för att utveckla UAV/UAS-lösningar för krävande industriella användare. Med fabrik i Mölndal, partne

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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 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 23

Linda Krondahl från Things: Från hype till handling – hur deeptech blir business [SWE]

Avsnitt 23. Från hype till handling – hur deeptech blir business Linda Krondahl , vd på Things och medgrundare till Ignite Sweden , gästar podden och berättar om sin resa från solenergiprojekt i Indien till att bygga ett nav för deeptech i Sverige. Det här är ett avsnitt om hur affärer slår visioner – och varför svenska storbolag måste vakna. Vi pratar om hur Things blev en katalysator för hardtec

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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 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

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Insights

ALL INSIGHTS →

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

INSIGHT

Building Before You Ask for Permission

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

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

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 game beneath the game

Elite football's technology stack, from smart balls to computer vision, shows how Nordic hardtech is proving itself on the pitch.

READ →
INSIGHT

From Cockpit to Cap Table: Inside Nordic Defense Tech

A fighter pilot turned VC explains why defense tech founders validate with the wrong people.

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 →
INSIGHT

Under the Surface: How the Nordic Blue Hardtech Wave Is Rising

Nordic hardtech founders are turning to the ocean, building autonomous dredging robots, tidal kites and subsea sensors to drive a new blue economy.

READ →
INSIGHT

Now Launching: Nordic Hardtech

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

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

The Validation Economy

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

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 →

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.