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.
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.
Prima Materia
Prima Materia is a Stockholm based investment company founded in 2020 by Daniel Ek and Shakil Khan. It builds and backs a small number of long term technology companies in Europe, with investments including Helsing and Neko Health.
Alsteron
Alsteron is a Stockholm-based, family-owned investment company founded in 2019 that focuses on the Scandinavian market, primarily investing in biotech, digital and technological innovation companies.
Aventry Equity
Aventry Equity is a Jönköping, Sweden-based investment firm backing Nordic growth companies across industrial equipment, additive manufacturing, retail/design products and fintech, emphasizing long-term partnerships and sustainable value creation alongside capital.
Longrun Capital
Longrun Capital is a Stockholm venture capital firm that backs early-stage Nordic companies building hardware for the green transition, with a portfolio focused on advanced materials, energy and water technology for the built environment.
EQT (Scaleup Europe Fund)
EQT is a Stockholm-founded global investment organization managing the Scaleup Europe Fund, a €5bn public-private growth vehicle backed by the European Commission and institutions including Novo Holdings, EIFO and Wallenberg Investments, aimed at scaling Europe's most promising deep-tech companies from Series B to pre-IPO.
CNI
Investment company focused on real estate, entrepreneurship, and sustainable business models in the Nordics.
Energetik VC
Energetik Ventures is a London-based early-stage venture capital fund backing founders building the next generation of energy technologies, with a portfolio spanning computing hardware, battery materials, storage systems, vertical farming and grid/EV software across Europe.
Antler
Global early-stage venture capital firm with a dedicated always-on residency model in the Nordics, investing from day zero through Series C.
Scaleup Europe Fund (managed by EQT)
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.
Maki.vc
Helsinki-based venture capital firm investing at pre-seed and seed stage in deep tech and brand-driven startups, managing €260 million across three funds with initial tickets from €300,000 to €3 million.
EIFO
EIFO (Danmarks Eksport- og Investeringsfond) is Denmark's national promotional bank and official export credit agency, formed by merging the Danish Growth Fund (Vækstfonden), the Export Credit Agency (EKF) and the Danish Green Investment Fund. It is Denmark's largest venture investor, deploying direct equity, loans, guarantees and fund commitments across sectors from deep tech and defence to green transition and life sciences, both by co-investing directly in companies and as an LP in venture funds.
Concejo
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.
The ecosystem
ALL 1187 COMPANIES →Who builds, supplies and enables hardtech across the Nordics, from garage startups to industrial giants. Browse by role, phase and vertical.
Altris
Altris develops sustainable sodium-ion batteries, offering an alternative to lithium-ion technology for energy storage solutions.
Mips
Specializes in helmet safety systems that reduce rotational motion, enhancing protection in various sports and activities.
Airnium
Face masks
Stockholm Water Technology
Stockholm Water Technology (SWT) is a Swedish company specialising in the development of low pressure, low cost and low energy electrochemical water desalination/purification systems based on Capacitive Deionization.
Matronic i Sverige AB
Distributes electronic components and systems, providing solutions for automation, control, and communication applications.
Science Park Borås
Science Park Borås supports innovation in textiles, consumption, and societal development, fostering sustainable solutions.
Systemair
Manufactures ventilation and air conditioning products for commercial and industrial applications.
Hyme Energy
Hyme Energy builds industry-scale molten hydroxide salt thermal energy storage technology that converts renewable electricity into heat and steam to decarbonize industrial processes and balance the grid.
NFlux AI
Provides AI-powered co-pilot solutions for manufacturing, enhancing assembly processes and quality control.
Luper
Develops industrial air cleaning technologies focusing on air pollution and odor control.
Tyresö Finmekaniska
For nearly 50 years, we have worked obsessively to optimize the production of the tiniest parts, where requirements for accuracy are high, usually in materials that are difficult to work with.
Stratipath
Provides AI-based decision support tools for precision diagnostics in cancer care.
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.
The podcast
ALL 37 EPISODES →Conversations with the founders and funders of Nordic hardtech.
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 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 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 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 21 Madelene Näslund: Business Region Gothenburg – Live from The Yard [ENG]
🤝 This episode is produced in collaboration with The Yard — a combined coworking space and machine hall for startups in Gothenburg. A unique workspace with industrial feeling. Check out their memberships or take a tour . Episode 21 – Gothenburg Rising: Where Legacy Meets Innovation Madelene Näslund from Business Region Gothenburg joins us to explore why the city is emerging as a leading Nordic har
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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 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 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 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 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 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
LISTEN →Insights
ALL INSIGHTS →What we have learned about building, scaling and funding hard things in the Nordics.
INSIGHT 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?
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 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.
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INSIGHT The Unscalable Edge: why hardtech wins by starting slow
Argues that hardtech's early, unscalable phase builds the real-world knowledge that later makes scale possible.
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INSIGHT Höstens åtta avsnitt – här är lärdomarna och råden
Under hösten det släppts åtta avsnitt där jag intervjuat ledare för hårdvarubolag. Det har varit åtta unika samtal, med gemensamma nämnare. Vad kan andra (hårdvaru)bolagsbyggare lära sig?
READ →Beta-perioden är över - vad nu?
Under våren har vi spelat in fem avsnitt av Hårdvarupodden för att testa konceptet.
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INSIGHT The New Industrial Stack
Nine Nordic startups are building the software layer that lets factories be programmed like computers.
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INSIGHT Robotics That Count: 10 Bold Builders to Watch in the Nordics
A curated field guide to ten Nordic robotics companies showing where autonomy meets industry today.
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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.
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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 →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.
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INSIGHT Emilia Brandt on Why Growth Needs More Than Grit: and How Recuro Delivers
Recuro's new CEO explains why smart structure, not brute force, is what actually drives hardtech growth.
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.
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 ↗Swedish Incubators and Science Parks, the national infrastructure for innovation environments.
SISP.SE ↗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.