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
1197
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.

Uppsala Universitet Invest

University Venture EntitySE

UU Invest is Uppsala University's investment company, founded in 1995 to fund research-based startups from the university's humanities, medicine and pharmacy, and technology and science faculties. It has backed more than 115 companies to date and runs the annual VentureChallenge, offering researchers up to SEK 500,000 in project funding.

Backed:SampleFacts, VOC Diagnostics, RX Dynamics, Drupps, Ascilion, Disruptive Materials, Airwatergreen, Ossdsign, Gradientech, Current Power, Ocean Holding Oddevold (Seabased), HyEnGen, Duck Technologies, Primateria

Kinnevik

Investment CompanySE

Kinnevik is a Swedish listed growth investment company, founded in Stockholm in 1936 by the Stenbeck, Klingspor and von Horn families. It backs technology-enabled companies from early to growth stage across healthcare, software and climate tech, holding a portfolio of 20+ larger companies including recent bets on green steel, heat pumps and battery technology.

Backed:Aira, Solugen, Stegra, Vay, Charm Industrial, Breathe Battery Technologies

Voima Ventures

Venture CapitalFI

Voima Ventures is a venture capital firm founded in 2019 with offices in Helsinki and Stockholm. It invests in science-based deep tech startups across the Nordics and Baltics, from pre-seed to Series A and B, and closed a EUR 100 million Fund III backed by the European Investment Fund, Tesi, VTT and Saminvest.

Backed:Solar Foods, Dispelix, Paptic, Betolar, Infinited Fiber Company, Adamant Health, Aisti, Sooma Medical, Liquid Sun, Cellfion, Geyser Batteries, Reduciner, ArgusEye, TheStorage, Agate Sensors, Photoncycle, Nucu

Revalence Ventures

Venture CapitalSE

Revalence Ventures is a Stockholm based venture firm investing in founder operated technology companies from seed to Series A. Its confirmed backing spans fintech, retail tech and defence tech, including Klarna, Apprl and the Norwegian defence simulation and training startup Levato.

Backed:Nordic Air Defence

Beijer Invest

Investment CompanySE

Swedish investment company focusing on long-term ownership in industry, real estate, and environmental technology.

Backed:Epishine, Polarium, Envigas

Eyrir Invest

Investment CompanyEU

Eyrir Invest is an international investment company that focuses on investments in industrial companies that have the potential to become true global leaders.

Backed:Marel (JBT Marel), Össur, Carbon Recycling International

Energimyndigheten

Public FundingSE

The Swedish Energy Agency (Energimyndigheten) is Sweden's public authority for energy research, innovation and preparedness, providing grants and R&D funding to companies, academia and public bodies working on the transition to a fossil-free energy system.

Backed:Northvolt, Azelio, Minesto, Climeon

Industrifonden

Venture CapitalSE

One of Sweden’s largest VC funds, investing in transformative Nordic tech and life science startups.

Backed:Kisab, Adamant, Echandia

Plug & Play Gothenburg

Venture CapitalINTL

Plug and Play Gothenburg is the Nordic mobility hub of the global Plug and Play Tech Center network, based at The Yard in Lindholmen Science Park with Volvo Cars as founding partner. It runs corporate innovation and accelerator programs connecting startups with mobility and automotive corporates, but no Gothenburg-specific portfolio company list is publicly documented.

Backed:N/A

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

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

Connect

Angel networkSE

Connect Sverige is a Swedish non-profit that connects entrepreneurs with capital, expertise, and networks through five regional organisations, running growth programs like Språngbrädan and operating what it describes as Sweden's largest active network of business angels.

Backed:Anatomic Studios

The ecosystem

ALL 1197 COMPANIES →

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

Ligna Energy

ProductEnergy & GridSE

Offers bio-based energy storage solutions, including supercapacitors, for sustainable energy applications.

Medoma

ProductHealth & MedtechSE

Provides hospital-at-home services, integrating technology and healthcare to deliver advanced care in patients' homes.

Capra Robotics

ProductRobotics & AutomationMobility & TransportDK

Danish manufacturer of the Capra Hircus, an autonomous mobile robot built to bridge indoor and outdoor logistics with a patented kinematic model and four-wheel chassis for challenging terrain.

Smart Eye

ProductRobotics & AutomationSE

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

THINGS Stockholm

EnablerScience ParkSE

Deeptech hub focusing on industry, infrastructure, utilities, and mobility, supporting startups and corporates.

Seamless Distribution Systems

ProductComputing & ConnectivitySE

Seamless Distribution Systems offers software platforms for digital sales and distribution, specializing in mobile payments and electronic top-up systems.

Helios Innovations

ProductEnergy & GridSE

Develops evaporation technology to purify industrial process water using waste heat.

Kvalitest Sweden AB

SupplierServices & EngineeringSE

Offers materials testing, environmental testing, and measurement systems.

Orbify

ProductComputing & ConnectivityINTL

Offers a platform for building geospatial applications using satellite data, enabling environmental monitoring.

Simulair

ProductRobotics & AutomationSE

Simulair offers AI-driven simulation tools for training and evaluating autonomous systems in virtual environments.

Martinsson Elektronik AB

SupplierServices & EngineeringSE

Offers electronic design and manufacturing services, specializing in embedded systems and IoT solutions for various industries.

JonDeTech Sensors AB

ProductSemiconductors & PhotonicsAdvanced MaterialsSE

Develops nanotechnology-based infrared sensors for various applications.

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 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

LISTEN →
EP 1

Stefan Ytterborn och Cake: Från hype till haveri

#1. Från hype till haveri Stefan Ytterborn , grundare av elfordonsbolaget Cake , gästar premiäravsnittet av Hårdvarupodden (numer Nordic Hardtech Podcast). Vi pratar om hela bolagsresan – från vision och hype till konkurs – och om vad andra kan lära sig av en resa som gick snabbt, snyggt och slutade tvärt. Cake satte en ny standard för elfordon. Men att bygga hårdvara, skala globalt och finansiera

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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 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 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 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

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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

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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

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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 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 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 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

LISTEN →

Insights

ALL INSIGHTS →

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

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

Building Before You Ask for Permission

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

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

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.

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 →
INSIGHT

When Hardware Meets Awesome

Johan Ronnestam argues hardtech brands need archetypes and cultural resonance, not just working tech, to survive AI-driven disruption.

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

Livepodd i Göteborg på Evertiq-mässan

Torsdag den 19 september besöker podden Evertiq-mässan i Göteborg för att intervjua två intressanta bolag live på scenen: Airolit och Frontside. Jag (Jonas) står även på mässgolvet för samtal.

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

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.

READ →
INSIGHT

Now Launching: Nordic Hardtech

READ →
INSIGHT

The New Industrial Stack

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

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.