For everyone building hard things in the Nordics.

Eurostars is a public EU/Eureka-network funding instrument (co-funded via Horizon Europe and national bodies like Vinnova, Innovation Fund Denmark and the Research Council of Norway) that provides non-dilutive grants to SME-led, cross-border collaborative R&D projects, funding roughly 20-30 Swedish companies alone every year plus counterparts across Norway, Denmark, Finland and Iceland.

Alliance VC (Alliance Venture) is a Nordic early-stage venture capital firm founded in 2001, with partners on the ground in Oslo, Stockholm, Copenhagen and Helsinki, backing Nordic founders with global ambitions. While its current thesis centers on applied AI and software, its portfolio includes verified hardtech bets such as 1X Technologies (humanoid robotics) and Aquabyte (computer-vision hardware for fish farming), and it is actively deploying its newly closed Alliance Nordic III fund.

Kost Capital is a Copenhagen-based venture capital fund investing in early-stage European companies across the food and bioeconomy sector, backed by Denmark's export and investment fund EIFO as sole limited partner. It writes pre-seed and seed checks of 250k to 1M euros into ingredients, nutrition platforms and enabling process technologies, working alongside its sister venture studio Kost Studio.

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.

Gullspång Invest is a Stockholm-based family office founded by Swedish angel investor Christer Brandberg (an early Axis Communications investor) together with his three sons, Gustaf, Magnus, and Erik Brandberg, that makes long-term, evergreen investments in entrepreneurial teams tackling systemic challenges in food, energy, and water. It runs a food-focused sister vehicle, Gullspång Re:food, and its portfolio spans hardware-driven climate and energy plays (geothermal, heat pumps, water purification, recycling) alongside food, edtech, and other software ventures.

Dacke Industri is a Swedish industrial holding group, owned by Nordstjernan since January 2016, that acquires and grows Nordic and international engineering companies with proprietary hardware products across four divisions: Air & Mechatronics, Power & Motion, Measurement & Control, and Precision & Protection.

Lifeline Ventures is a Helsinki-based, sector-agnostic early-stage venture capital firm founded in 2009. It invests from pre-seed through growth stages across deeptech, climate, health and consumer sectors, and closed a 400 million euro sixth fund in 2025 to keep backing founders from first check through scale.

Horizon Europe is the EU's flagship research and innovation funding programme (2021-2027, ~€93.5B budget), whose EIC Accelerator and EIC Fund provide blended grant/equity financing to deep-tech and hardtech startups and SMEs across the EU and associated countries, including recurring Nordic recipients (e.g., Swedish and Danish EIC Accelerator winners) and EIC info-day activity in the Nordics (e.g. Copenhagen). Because it funds via competitive, rolling calls with only partial per-round public disclosure, no single exhaustive portfolio list exists; qualifies as a Public Funding instrument rather than a conventional VC.

Danish VC investing in growth-stage companies in lifestyle, software, and hardware across Europe and the U.S. Formerly Nordic Eye.

Vasa Angels is a Gothenburg-based business angel investment vehicle connected to GU Ventures, co-investing with the state-owned Saminvest and around 22-24 business angels in pre-seed and seed rounds sourced from GU Ventures' incubator.

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.

Formica Capital is a Gothenburg-based Swedish family office and investment company founded in 2018 by the Olsson Eriksson family, investing with a long-term, active-ownership approach in mid-sized Nordic companies across health, environment, education, cyber security and cleantech that combine commercial performance with positive societal impact.

Vaisala is a company specialised in weather, environmental and industrial measurements.

A pharmaceutical company focused on developing innovative treatments for cancer and infectious diseases.

Offers consultancy services to accelerate digital business transformation, focusing on strategy and execution.

Designs and manufactures sustainable lithium-ion batteries for electric vehicles and energy storage systems, aiming to reduce the carbon footprint of battery production.

Headquartered in Denmark, Ørsted is a global company with a growing portfolio of offshore wind farms worldwide.

Provides nanoimprint lithography solutions for advanced micro- and nanostructuring.

Deep Forestry AB develops autonomous drones equipped with AI for precision forestry, enabling efficient forest inventory and biodiversity assessments.

Manufactures electronic components, printed circuit boards, and intelligent power and control systems.

LNGTainer's patented LNG Containers allow the use of existing global infrastructure for handling of ordinary shipping containers in the new and booming LNG energy distribution market.

Designs and manufactures thermal imaging and infrared camera systems.

Provides architecture and engineering consultancy services for sustainable urban development.

RanLOS is a Swedish technology company that develops and sells test solutions for wireless communication, used to measure and verify antenna and communication performance, with a primary focus on the automotive and defense industries.