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
1192
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.

Accelerace

Venture CapitalDK

Accelerace is a Copenhagen-based pre-seed investor and startup accelerator active across the Nordics and Baltics, having accelerated 1,000+ startups and made 120+ pre-seed investments (primarily first-time founders) since 2008; in October 2025 it merged with BioInnovation Institute.

Backed:Elby, Weedbot

Backing Minds

Investment CompanySE

A VC firm investing in overlooked markets and underrepresented founders, aiming to expand access to capital.

Backed:Cemvision, NitroVolt

KTH Ventures

University Venture EntitySE

Investment company affiliated with KTH Royal Institute of Technology, supporting commercialization of research and innovation. Formerly KTH Holding. Formerly KTH Ventures.

Backed:Simulair, Dappler Labs, Novatron

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

Energetik VC

Venture CapitalINTL

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.

Backed:Vaire Computing, Intelligent Growth Solutions, Puraffinity, Lunar Energy, Moixa, Echion Technologies

Sandwater

Venture CapitalNOEU

Sandwater is an Oslo based venture capital firm investing in early stage companies developing novel solutions in climate, energy and healthcare.

Backed:1X Technologies (humanoid robotics), Nofence (virtual fencing hardware), Evyon (second life battery storage), Antec Biogas (plug flow reactors), Filics (warehouse robotics), CardioSignal (cardiac digital biomarker device)

Investo Capital

Venture CapitalDK

Investo Capital is a Danish venture capital firm based in Aalborg, founded in 2018 and backed by NOVI Innovation and Heartland. It invests in early growth Danish tech companies across medtech, industry 4.0 and water tech, and takes an active board role in each company it backs.

Backed:TracInnovations, Tentoma, Create it REAL, VentriJect, Dryp, Nilroy

Aventry Equity

Investment CompanySE

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.

Backed:Wheelsystem, Rewired Industries, Rapid Dimension

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

Katapult VC

Venture CapitalNO

Katapult is an Oslo-based impact investment platform founded in 2015 by Tharald Nustad, now spanning venture funds, accelerators and a foundation. Its dedicated ocean arm, Katapult Ocean, has made 90 investments in blue economy startups working on transportation, circularity, ocean data, energy and food and water.

Backed:Zeabuz, Bound4Blue, Evoy, Flocean, Desolenator, Sand to Green, Retein, Matter, ecoSPEARS, Aquammodate, HydroSurv, Hyperion Robotics, Inclusive Energy, NXT Grid, Wattnow, Jiva Materials

Navigo

Investment CompanySE

Navigo Invest is a listed Swedish investment company based in Gothenburg, building a cluster of independent hub companies through acquisitions in sectors like industrial heat treatment, geotechnics, chemicals handling and finance, plus strategic stakes in listed and unlisted Nordic companies.

Backed:CalorMet, Alelion Energy Systems

Longswan Ventures

Venture CapitalSE

Longswan Ventures is a Stockholm-based early-stage investor that invests in Nordic pre-seed/seed companies in the hardtech, defence and security domain.

Backed:Freya Industries (Freya)

The ecosystem

ALL 1192 COMPANIES →

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

Nexstim

ProductHealth & MedtechFI

Nexstim is a Finnish, globally operating growth-oriented medical technology company. Our mission is to enable personalized and effective diagnostics and therapies for challenging brain diseases and disorders.

CraftCart

ProductMobility & TransportSE

Develops amphibious electric vehicles for personal transportation on land and water.

A Good Company

ProductConsumer HardwareSE

A Good Company designs sustainable, climate-conscious consumer goods such as stationery, accessories, and lifestyle products, prioritizing circular materials and ethical supply chains.

Smart Eye

ProductRobotics & AutomationSE

Smart Eye provides AI-based eye-tracking technology for automotive and research applications, enhancing safety and user experience.

AgriCam

ProductRobotics & AutomationSE

AgriCam develops AI-powered tools for livestock monitoring, including the Bacticam system that identifies common bacteria on farms to improve animal health.

Matronic i Sverige AB

SupplierServices & EngineeringSE

Distributes electronic components and systems, providing solutions for automation, control, and communication applications.

Coloplast

ProductHealth & MedtechDK

Coloplast develops, manufactures and markets medical devices for ostomy care, continence care, interventional urology, wound and skin care, and voice and respiratory care.

Electrolux

ProductConsumer HardwareSE

Global appliance manufacturer developing household and professional-use products.

Elypta

ProductHealth & MedtechSE

Develops liquid biopsy solutions for early cancer detection using metabolic markers.

Phoenix BioPower

ProductEnergy & GridSE

Develops high-efficiency biomass power plants aiming to double the electric efficiency of traditional plants.

Fluicell

ProductHealth & MedtechSE

Fluicell AB (publ), a life science company, develops and provides instruments for 3D bioprinting and cell analysis and flow control on single-cell level in Sweden.

TioTech AS

SupplierEnergy Storage & BatteriesNO

TioTech AS is a Norwegian manufacturer of titania (titanium dioxide) nanomaterials and a developer of titania-based technologies, producing the TitanB anode material for Li-ion batteries.

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 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

LISTEN →
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 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 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 19

Jonas Genchel och Zparq: Poddmotorn från KTH som ska driva nästa marina skifte [SWE]

#19. Poddmotorn från KTH som ska driva nästa marina skifte Jonas Genchel , vd och medgrundare av Zparq , gästar podden och berättar hur bolaget utvecklar elektriska poddmotorer från grunden – med egenutvecklad drivlina, styrsystem och batteriteknik. Ambitionen är att göra båtbranschen tystare, grönare och smartare. Zparq föddes ur forskning på KTH och har sedan starten 2020 byggt ett team, säkrat

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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 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 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 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 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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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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Insights

ALL INSIGHTS →

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

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

Built to Endure: How Nordic Hardtech Turns Fear into Function

Explores how fear, war, and geopolitical uncertainty are reshaping Nordic hardtech into a driver of resilience and dual-use innovation.

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

The New Industrial Stack

Nine Nordic startups are building the software layer that lets factories be programmed like computers.

READ →
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

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 →
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

Predictions for 2026

Nordic and European hardtech voices share predictions on AI, energy resilience, robotics and Europe's push to lead in 2026.

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 →
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.

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INSIGHT

Vi är live!

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

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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 →

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.