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.

181
Investors mapped
1330
Ecosystem companies
37
Podcast episodes
8,000+
Newsletter readers

The funding map

ALL 181 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.

Partners in Clime

Venture CapitalINTL

Partners in Clime is a Weinstadt, Germany based climate tech investor founded in 2022, backing pre-seed and seed hardtech and greentech founders across the DACH region with capital and founder-to-founder mentoring. It runs an angel syndicate model and co-invests with firms like b2venture, Point Nine, 468 Capital and Climate Founders.

Backed:Hula Earth, Cotierra, Senara, Nautica Technologies, New Path Bio, Arkeon

Arctic Ventures

Investment CompanySE

Arctic Ventures is the angel investment company managed by Arctic Business Incubator (ABI) in Luleå, founded in 2018 and owned by business angels together with the state-owned fund Saminvest. It makes a convertible loan of about SEK 400,000 in each startup admitted to ABI's incubator in northern Sweden, from Skellefteå to Kiruna. It runs in successive vehicles (Ett, Två and Tre) and covers space, industry, IT and other sectors.

Backed:Flasheye, Conifer Vision

I Love Lund

Investment CompanySE

I Love Lund is a local investment company in Lund, founded in 2017 and listed on Spotlight Stock Market (LOVE B). It invests broadly across sectors, mainly in early-stage unlisted companies with a Lund connection, at pre-seed, seed and Series A. It has about 40 holdings and more than 600 shareholders, many of them business angels. Recent hardtech deals include Valkyr Defense Systems (counter-drone systems) in June 2026 and Aligned Bio (nanowire sensing) in August 2026.

Backed:Valkyr Defense Systems, Aligned Bio, Avidicare, Cyclicor, TrackPaw Scientific, Uman Sense, Sensative, BeammWave, LifeFinder, Stirlingversal, Melisono, Re:notch Energy

Radcap Ventures

Investment CompanySE

RadCap Ventures is a Stockholm based angel network of 80+ female investors. It backs pre-seed and seed startups with at least 50 percent female or non-binary founders, writing tickets of 250 to 500 kSEK alongside mentorship and advisory support.

Backed:Enkei

Kost Capital

Investment CompanySE

Kost Capital is a Copenhagen-based venture capital fund investing in early-stage European B2B food and bioeconomy companies. It writes pre-seed and seed checks of EUR 250k to EUR 1 million into ingredients, nutrition and enabling technologies, and works with its sister venture studio Kost Studio. Its Fund I had a first close of EUR 25 million with EIFO as backer.

Backed:Orbisk, Foreverland, Sallea, Äio, Nutrumami, SUMM Ingredients

North Ventures

Venture CapitalDK

North Ventures is a Copenhagen-based venture capital firm investing in technology-driven companies from seed to Series A in Denmark and across the Nordics. Founded in 2019 as an evolution of North Finance, it has backed dozens of Danish growth companies and raised a dedicated venture fund targeting DKK 300 million to keep scaling that activity.

Backed:Sparrow Quantum, Quadsat, Reblade, Advalight, a:gain, Dryp

Volvo Cars Tech Fund

Corporate VentureSE

Volvo Cars Tech Fund is the corporate venture arm of Volvo Cars. It is based in Gothenburg and was founded in 2018. It makes minority investments, typically EUR 1 million to EUR 5 million at seed, Series A and Series B, in mobility technology such as batteries, sensors, robotics, power electronics, charging and sustainable materials. Hardtech holdings include Altris, Varjo, Syre, NEURA Robotics, Bcomp and Niron Magnetics. It exited the Finnish sensor company Forciot in March 2025. Its latest recorded deals are Riiico (June 2025) and Breathe Battery Technologies (May 2025).

Backed:Luminar Technologies, Varjo, Altris, Syre, NEURA Robotics, Bcomp, Viospatia, Forciot, UVeye, Spectralics, StoreDot, FreeWire Technologies, Leadrive, PowerShare, Niron Magnetics

Dacke Industri

Investment CompanySE

Dacke Industri is a Swedish industrial group based in Helsingborg, owned by Nordstjernan since January 2016. It holds 36 companies in 4 divisions (Air & Mechatronics, Power & Motion, Measurement & Control, Precision & Protection), most with their own hardware products, and has more than 2000 employees and annual revenue above SEK 5 billion.

Backed:Airon S.r.l., Tecair B.V., Pimatic Oy, Moveroll Oy, Midland Flow Ltd, M&M Instruments S.r.l., Swedrive AB, Mecvel S.r.l., PMC Attachment AB, Stegia AB, Electromen Oy, PMC Hydraulics Group, Hydroquip Hydraulics Pvt Ltd, Arcos Hydraulik AB, PMC Cylinders AB, Hydronit S.r.l., BTL-UK Ltd, Tufcot Engineering Ltd, Optronic AB, LIMAB AB, Dynalyse AB, Flintab AB, Omnigon AB, Transtronic AB, Exertus Oy, Völkel Mikroelektronik GmbH, Blink S.r.l., Polarteknik Oy, TDS - Train Door Solutions LCC, UVA LIDKÖPING AB, CNC North Inc, Inlead Automation AB, Fogmaker International AB, G-TEK AB

Startuplab

Venture CapitalNO

Norway's leading incubator, accelerator and early-stage investor for tech startups, based in Oslo and Bergen, investing through its Founders Fund vehicle.

Backed:Photoncycle (solid hydrogen seasonal energy storage hardware), Huddly (AI camera hardware), reMarkable (e-paper tablet hardware), Sensibel (MEMS sensor hardware)

EUDIS BAMM

Public FundingINTL

EUDIS BAMM (Business Accelerator) is a public, non-dilutive funding and coaching instrument of the EU Defence Innovation Scheme, run by the European Commission's Directorate-General for Defence Industry and Space together with a Starburst-led consortium. Each 8-month cohort takes 20 defence and dual-use start-ups and scale-ups from EU Member States and Norway, and gives each a EUR 120,000 seed-financing voucher, bootcamps, coaching and matchmaking with end-users and investors. 3 cohorts have been selected so far.

Backed:3YOURMIND, Autoagri, Defensphere (Vegvisir), Edge Aerospace, Elwave, Fernride, Fiducial, Munich Quantum Instruments, Nanomade, Nautrik, Nordic Air Defence, Radical Builders, U-Space, UAB Luna Robotics, VoxelSensors, Albora Technologies, Alta Ares, Beagle Systems, Dronetag, DRV Solutions, Excalibur, Falconers, Flai, HexTech Solutions, Mindfield Defence, Neurobus, Touchwaves, Trusk Technology, Zeabuz, 3P Defence, alteva, AM Turbines, Apeiroon, Aviant, BlinkTroll Robotics, CORAC Engineering, Ignarion, IRIDESENSE, levelQuantum, Okapi, Provizio, Raydiant RF, Swiftstrike AI, Thistle

Nordic Foodtech VC

Venture CapitalFIDK

Early-stage venture capital firm investing in deep foodtech across the Nordics and Baltics, backing startups building new technologies for food and agriculture.

Backed:NPHarvest, Kuva Space

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

The ecosystem

ALL 1330 COMPANIES →

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

Scandinavian Real Heart AB

ProductHealth & MedtechSE

Scandinavian Real Heart AB (publ) is developing the first artificial heart that mimics the shape, function, and blood flow pattern of the human heart.

Ambu

ProductHealth & MedtechDK

Ambu develops, produces and markets single-use endoscopy solutions, diagnostic and life-supporting equipment to hospitals, private practices, and rescue services.

Cactos

ProductEnergy & GridEnergy Storage & BatteriesFI

Cactos designs, manufactures and operates smart battery energy storage systems that help industrial, logistics and property customers manage electricity costs while participating in grid balancing and ancillary service markets.

Boule Diagnostics

ProductHealth & MedtechSE

Boule Diagnostics is a global provider of diagnostics solutions, specialized in hematology, tailored for the decentralized human and veterinary markets.

Nereida Energy

ProductEnergy Storage & BatteriesNO

Nereida Energy AS is a technology company formed after a management buy-out of Yinson Green Technologies AS from Yinson group, providing battery and energy storage solutions for maritime and offshore applications.

MicroDri

ProductManufacturing & Industrial TechSE

Develops drying technologies aimed at improving energy efficiency and reducing environmental impact in industrial processes.

Ascilion

ProductHealth & MedtechSE

Ascilion develops a simple method for extracting ISF from a person's skin using a patented range of small hollow microneedles, delivered with an easy to use auto-extractor and a set of removable consumables for safe ISF collection and handling.

Alveos

ProductHealth & MedtechFI

Alveos One measures breathing and heart sounds at the chest. Haptic cues help you notice shifts, with guided routines to support nervous system regulation.

Tada Medical

ProductHealth & MedtechSE

Swedish medical device company specialising in needs-based innovations for health and medical care. First product is ReLink, a patented breakaway connector for IV lines.

Gradientech

ProductHealth & MedtechSE

Gradientech develops QuickMIC, an ultra rapid antibiotic susceptibility testing system that delivers precise MIC values directly from positive blood cultures in 2 to 4 hours, using microfluidics and live imaging to monitor bacterial growth across a linear antibiotic gradient.

COBOD International A/S

ProductManufacturing & Industrial TechDKINTL

COBOD designs and builds 3D construction printers (BOD2 and newer models) used in 35+ countries. Headquartered in Copenhagen, with regional offices in Miami and Kuala Lumpur.

Transmode Systems AB

ProductComputing & ConnectivitySE

Provider of packet-optical networking solutions for telecommunications operators.

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 podcast

ALL 37 EPISODES →

Conversations with the founders and funders of Nordic hardtech.

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 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 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 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 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 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 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 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 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 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 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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Insights

ALL INSIGHTS →

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

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.

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INSIGHT

Snart nytt år – vem ska jag prata med?

Hårdvarupodden ångar vidare in i 2025 och stora nyheter utlovas i Q1. Samtidigt söker vi fler som vill intervjuas i podden. Vem ska jag prata med i 2025?

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INSIGHT

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.

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INSIGHT

The EU–US Trade Deal has Landed – Why the Nordic Hardtech Ecosystem Must Act Now

A 15% tariff just hit Nordic exports to the US. Here’s why it’s a wake-up call for hardtech — and what we must do next.

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INSIGHT

Vi ses snart!

Hårdvarupodden är under utveckling och de första avsnitten släpps våren 2024.

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INSIGHT

The Nordic Heat List: Ten Nordic Companies Turning Heat into Hardtech

Profiles ten Nordic companies turning industrial and household heat into hardtech-driven climate solutions.

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INSIGHT

Geography Is Now Part of the Product

Asia's rising tensions are turning geography into a core engineering and procurement variable for Nordic hardtech firms.

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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

Matter Over Code: The Nordic Path to Resilient Technology

Nordic hardtech founders are pioneering a material renaissance, shifting innovation from silicon and code to advanced physical materials.

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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

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.

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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?

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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.