The funding map
154 investors who get hardtech.
Nordic investors with documented hardtech investments, any stage. Every entry is reviewed before it goes live.
Accelerace
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.
Active Invest
Active Invest Sweden AB is a family-owned Swedish investment group founded by Johan Enocson that combines a wood-industry division, Surewood Industries, with an investment arm holding around 30 companies across various sectors.
AGV Invest
AGV (All Generation Ventures) is a Stockholm-based PropTech-focused investment firm investing in early-stage Nordic real estate technology ventures, with a focus on sustainability and decarbonization solutions for the real estate industry.
Aligned VC
Aligned VC is an early-stage and growth-stage venture capital firm based in Stockholm, founded in 2019 by Eric Carlson Rydman and Christian af Jochnick, investing across a broad range of industries from consumer and fintech to health and mobility.
Alliance VC
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.
Almi
Almi is Sweden's state-owned organization that provides loans, business development advice, and equity financing to Swedish SMEs, with its venture-capital arm Almi Invest (including the national Almi Invest GreenTech fund) making direct investments in early-stage tech, life-science, industrial and sustainability startups.
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.
Antler
Global early-stage venture capital firm with a dedicated always-on residency model in the Nordics, investing from day zero through Series C.
Arctic Ventures
Arctic Ventures is the angel-investment vehicle managed by Arctic Business Incubator (ABI), investing exclusively in startups admitted to ABI's incubator across northern Sweden, from Skellefteå to Kiruna. It is backed by a network of dozens of business angels together with the state-owned fund Saminvest, and provides seed-stage convertible-loan capital to companies spanning space, industry, gaming and IT.
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.
Axeleo Capital
Early-stage venture capital firm investing in B2B tech startups, mainly in SaaS, enterprise software, and cybersecurity.
Backing Minds
A VC firm investing in overlooked markets and underrepresented founders, aiming to expand access to capital.
Beijer Invest
Swedish investment company focusing on long-term ownership in industry, real estate, and environmental technology.
Bring Ventures
Bring Ventures is the corporate venture arm of the Norway Post Group, investing in early-stage companies focusing on sustainability and digitization within logistics and related sectors.
Bure Equity
Bure is a long-term principal owner of operating companies, supporting portfolio companies through active ownership and value-driving initiatives.
Business Finland
Funding for Finnish startups and scaleups, from Tempo grants to large R&D loans. Rolling applications.
Bust
Nordic early-stage investor backing mission-driven founders building global companies.
Butterfly Ventures
Early-stage deep tech VC investing in science-based Nordic startups across hardware and software.
Centripetal
Invests in early-stage climate tech startups that aim to accelerate decarbonization through scalable innovation.
Chalmers Ventures
The startup incubator and investment arm of Chalmers University, supporting deep tech ventures from research to market.
Climentum
European climate-focused VC investing in startups with measurable CO₂ reduction potential.
CNI
Investment company focused on real estate, entrepreneurship, and sustainable business models in the Nordics.
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.
Connect
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.
Corrected Ventures
Course Corrected VC (cc.vc) is a Stockholm-based, women-founded early-stage venture capital firm founded in 2021 that invests in climate-positive technology companies with a commercial approach to fighting climate change, and recently announced a first close of its Fund II exceeding EUR 65 million.
Curitas Ventures
Curitas Ventures is a Stockholm-based venture capital firm founded in 2020 by Mikael Ahlström and Gerda Larsson that invests in early-stage Nordic entrepreneurs across Disruptive Technology, Life Science and Sustainability; in 2025 its venture portfolio was acquired by Nordic Asia Investment Group 1987 AB, which now operates under the name Collaxio for its unlisted-investments strategy.
CVX Ventures
CVX Ventures is a Copenhagen-based investment platform, founded in 2020, that connects a network of 600+ Danish and Nordic business angels and investors with growth-stage start-ups, offering capital, board placements and advisory support rather than investing from a traditional fund structure.
Dacke Industri
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.
DigitalWell Ventures
DigitalWell Ventures is a Nordic accelerator and incubator, founded in 2020 and headquartered in Karlstad, Sweden, that supports early-stage digital health, welfare and cybersecurity startups across the Nordic and Baltic region rather than operating as a traditional direct-investment fund.
E14 Invest
Regional investment company focused on early-stage startups in northern Sweden with global potential.
EIC Accelerator
European Innovation Council program offering grants and equity funding for high-risk, high-impact startups and SMEs.
EIFO
Denmark's national promotional bank and investment fund supporting innovation and business growth.
Energetik VC
Early-stage venture capital fund backing European startups innovating in the energy transition.
Energimyndigheten
The Swedish Energy Agency, a public funding body that supports energy-related innovation and entrepreneurship for a sustainable energy system.
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.
EQT Group (Scaleup Europe Fund)
Stockholm-headquartered global investment organisation managing the EU-backed Scaleup Europe Fund, which targets Series B-to-pre-IPO European tech companies including hardtech sectors such as space, robotics and advanced industrial systems.
EQT Ventures
European venture capital fund backing bold tech companies from early to growth stage with global ambition.
Equinor Ventures
Corporate venture arm of Equinor investing in startups advancing energy transition and clean technologies.
Ericsson Ventures
Strategic investment arm of Ericsson supporting innovative startups in 5G, AI, IoT, and cloud infrastructure.
EUDIS BAMM
EU-funded business accelerator supporting deep tech and innovation-driven startups across Europe.
Eurostars
European R&D funding program supporting collaborative innovation projects by SMEs.
Eviny Ventures
Eviny Ventures is an approx 50 meur CVC fund investing in seed-stage tech in the renewable energy value chain. Our office is in Bergen, Norway and geographical focus is Nordic + northern Europe.
Expansion Ventures
European VC firm focused on science-based and sustainable innovations with global potential.
Fairpoint Capital
Early-stage VC investing in Nordic B2B deep tech companies with scalable international potential.
Fiftyfive Capital
Danish VC investing in growth-stage companies in lifestyle, software, and hardware across Europe and the U.S. Formerly Nordic Eye.
First Gate Invest
Swedish investment company focusing on technology-driven growth companies with strong entrepreneurial teams.
Formica Capital
Purpose-driven investment company focused on long-term, sustainable business in health, environment, and education.
Further Than Capital
Early-stage investment firm supporting impact-driven startups solving global challenges.
Fåhraeus Startup and Growth
Invests in early-growth and expansion-stage companies across health, deep tech, and sustainability in the Nordics.
GOKAP Invest
Invests in Swedish tech startups with strong growth potential, mainly in the early stages.
Granitor
Family-owned group investing in sustainable solutions across properties, contracting, and cleantech sectors.
Grenspecialisten
Investment firm focused on listed small and mid-sized companies in Sweden, emphasizing long-term ownership.
GU Ventures
University of Gothenburg’s venture firm supporting research-based startups in life science, tech, and impact.
Gullspång Invest
Family-backed VC investing in founders solving major global challenges, especially in food, energy, and water.
Heartcore
European consumer-focused VC backing founders creating emotionally resonant and globally scalable products.
Herenco
Family-owned holding company investing in various sectors, including packaging, ventilation, and flooring.
Horizon Europe
EU’s main funding program for research and innovation addressing climate, digital, and health challenges.
I Love Lund
Regional investment network supporting early-stage startups in Lund and Skåne with capital and mentorship.
Icebreaker VC
Pre-seed and seed-stage investor in Finland, Sweden, and Estonia supporting tech teams from research to company building.
Imec Xpand
Venture capital fund investing in early-stage semiconductor and deeptech startups, linked to research powerhouse imec.
Industrifonden
One of Sweden’s largest VC funds, investing in transformative Nordic tech and life science startups.
Inflection
European VC focused on Computational sovereignty: the physical-digital fabric that empowers nations, organizations and individuals to independently control their critical resources.
InnoEnergy (EIT InnoEnergy)
EIT InnoEnergy is the EU-backed innovation and investment engine for sustainable energy, operating a Swedish entity (KIC IE AB, Stockholm) and making direct equity investments in Nordic hardtech companies such as Minesto and CorPower Ocean.
Innovation Norway
The Norwegian state's instrument for grants, loans and guarantees to innovative companies, from startup grants to large industrial projects. Rolling applications.
Innovestor
Finnish early-stage VC investing in deep tech, health, and industrial startups; also offers corporate venturing.
Investinor
Norway’s largest venture investor, providing growth capital to tech companies with international potential.
Investo Capital
Danish venture capital firm investing in tech startups in the Nordic region, with a focus on active ownership.
Jinderman & Partners
Investment firm focused on active, long-term ownership in Swedish growth companies.
JM Ventures
JM is the largest residential developer in the Nordics. Through our CVC, they partner and invest in early-stage startups along our value chain with a special focus on project design, sustainability and construction automation.
Katalysen Ventures
Swiss-Swedish venture developer helping early-stage companies with strategy, capital, and hands-on support.
Katapult VC
Impact-focused accelerator and VC fund investing in tech startups that drive positive global change.
Kichi Invest
A private investment company backing Nordic early-stage companies with growth potential and social impact.
Kick Kapital
Investment company focused on early-stage technology startups in the Nordics.
Kinnevik
Long-term investment company focusing on digital consumer businesses in healthcare, fintech, and platforms.
Kompas VC
VC firm investing in sustainable solutions for the built environment and industrial automation.
Kongsberg Innovation
Norwegian innovation hub and early-stage investor supporting high-tech industrial startups.
Kost Capital
Early-stage venture firm investing in purpose-driven founders building transformative consumer and climate companies.
KTH Ventures
Investment company affiliated with KTH Royal Institute of Technology, supporting commercialization of research and innovation. Formerly KTH Holding. Formerly KTH Ventures.
Lagercrantz Group
Technology group investing in and developing B2B companies in electronics and communication.
Life Science Invest
Investing in Nordic life science and medtech companies. Pre-seed-early serie A.
Lifeline Ventures
Helsinki-based early-stage VC backing science-based and mission-driven founders in tech and health.
Linbo Invest
Family-owned investment company focused on long-term investments in sustainable and innovative companies.
Linnea Capital
A seed fund co-founded by Uppsala Innovation Centre, investing in early-stage tech and life science startups.
LiU Invest
Investment company linked to Linköping University, backing startups with research and student roots.
Longrun Capital
Invests in science-based and IP-driven deep tech ventures that aim to solve global challenges.
Longswan Ventures
Longswan Ventures is a Stockholm-based early-stage investor that invests in Nordic pre-seed/seed companies in the hardtech, defence and security domain.
LU Ventures
Investment arm of Lund University supporting spinouts and startups emerging from academic research.
Marvelous Deeptech
Monen Invest
Swedish investment company focused on long-term ownership in real estate, technology, and entrepreneurship.
Naika Invest
Private equity firm investing in small and mid-sized businesses with long-term growth potential across the Nordics.
NATO DIANA
NATO’s accelerator supporting dual-use deep tech startups across defense and civilian applications.
Navigare Ventures
Invests in early-stage life science companies, focusing on diagnostics, medtech, and biotech.
Navigo
Swedish investment company supporting sustainable Nordic companies in both listed and unlisted markets.
Nea Partners
Growth equity investor supporting mature tech companies in the Nordics with active ownership.
Nefco
Nordic Green Bank investing in Nordic-Supported environmental and climate-related projects globally.
Neptunia Invest
Family-owned investment firm with a focus on sustainable development and long-term business building.
Node.vc
Early-stage venture fund investing in Nordic B2B software and platform startups.
Noon Ventures
Early-stage VC backing sustainable innovations and companies addressing major societal challenges.
Nordfas Invest AB
Provides investment and development support to companies, focusing on long-term growth and innovation.
Nordic Alpha Partners
European growth fund focusing on scaling industrial hardtech using a new, operational value creation toolkit.
Nordic Angels
Angel investment network connecting Nordic investors with tech and impact-driven startups.
Nordic Makers
Angel-led Nordic fund investing in tech companies across all stages with a founder-first mindset.
Nordic Ninja VC
Japanese-European VC investing in Nordic and Baltic deep tech startups with global potential.
Nordic Secondary Fund
Specialized VC fund focusing on secondary transactions in Nordic growth-stage startups.
Norrsken
A non-profit foundation and impact VC investing in startups that address global challenges through entrepreneurship and technology.
Norrsken Launcher
Pre-seed impact fund helping founders get from idea to funded startup within 10 weeks.
Norrsken VC
Impact venture capital fund investing in startups solving the world's greatest challenges.
North Ventures
Danish venture capital firm investing in early-stage tech startups across the Nordics.
Northzone
European venture capital firm investing across early to growth stage in tech, consumer, and fintech sectors.
Novax
Investment arm of the Axel Johnson Group focused on long-term partnerships in health, sustainability, and future retail.
Pale Blue Dot VC
Climate-focused VC fund based in Malmö, investing in early-stage tech startups addressing the climate crisis.
Partners in Clime
People Ventures
Early-stage VC fund backing bold tech companies in Denmark, focused on pre-seed and seed rounds.
Plug & Play Gothenburg
Global innovation platform connecting Nordic startups with corporations and investors in Gothenburg.
Pre-Seed Ventures
Denmark’s largest and most active pre-seed investor, supporting ambitious tech startups.
Prima Materia
Founded by Daniel Ek, invests in moonshot projects and long-term deep tech solutions to advance humanity.
Propel Capital
Investment vehicle linked to Sting, backing early-stage startups in Stockholm’s startup ecosystem. Formerly Propel Capital.
Prota Ventures
Early-stage venture-building and investment firm supporting technology startups from concept to launch.
Provider Investment
Family-owned Swedish investment company focusing on long-term value in industrial and technology sectors.
Qarlbo
Family office of Conni Jonsson, investing in sustainable businesses across sectors including hospitality and cleantech.
Radcap Ventures
Early-stage investment firm focused on deep tech and climate-related innovation in the Nordics.
Revalence Ventures
Invests in early-stage companies developing solutions for the energy transition and climate resilience.
Rymdkapital
Swedish VC fund investing in early-stage space technology startups across Europe.
Saab Ventures
Saab's corporate venture arm investing in innovative defense and dual-use technologies.
Scaleup Europe Fund (managed by EQT)
A €5 billion target-size growth fund established by the European Commission together with a group of European investors and managed by EQT, aimed at closing Europe's scaleup funding gap for strategically important technology companies.
Scania Ventures
Supports venture building and innovation initiatives tied to sustainable transport solutions.
SEB Greentech VC
Corporate VC investing in early-stage Nordic companies driving green technology transitions.
Seven District
Early-stage VC focusing on scalable Nordic tech companies, especially B2B SaaS and digital platforms.
Skagerak Capital
Norwegian venture and growth investor focused on sustainable tech and cleantech innovation.
Skåne Ventures
Regional VC initiative boosting startup capital access across southern Sweden.
Snö Ventures
Nordic early-stage VC investing in founders with global ambitions across software and climate tech.
Spark Capital
Venture capital firm investing in early-stage technology companies across industries including software, marketplaces, and fintech.
Spiltan Invest
Investment firm with a long-term perspective focused on Swedish entrepreneurial companies.
Starbright Invest
Invests in early-stage startups that use technology to solve pressing global challenges.
STOAF
Stockholm Business Angels fund investing in early-stage high-tech growth companies.
Superangel
Tallinn-based early-stage investor and company builder backing bold tech founders in the Baltics and Nordics.
SuperHero Capital
Helsinki-based early-stage VC investing in bold founders from Finland and the Baltics, especially in SaaS and deep tech.
Sätila Impact
Impact investment firm supporting early-stage companies solving social and environmental challenges.
Tesi
Finnish government-owned investment company supporting sustainable economic growth through equity investments in Finnish companies.
Tillväxtverket
The Swedish Agency for Economic and Regional Growth, providing support and funding to strengthen entrepreneurship and regional development.
Trio Impact
Impact investment firm supporting scalable companies tackling social and environmental challenges.
Turbine Capital
Venture capital firm investing in Nordic tech companies solving global issues through innovation.
Unconventional Ventures
VC firm investing in diverse founding teams and impact-driven companies across the Nordics and Europe.
Uppsala Universitet Invest
University-linked investor supporting early-stage companies rooted in Uppsala University's research and innovation.
Vargas
Company builder and investor backing pioneering companies in climate tech, like Northvolt and H2 Green Steel.
Vasa Angels
Angel investor network associated with GU Ventures, investing in early-stage startups.
Verdane
Growth equity firm backing tech-enabled and sustainable companies in Northern Europe.
Vinnova
Sweden’s innovation agency funding research and innovation that strengthens sustainable growth and societal benefit.
Voima Ventures
Deep tech VC investing in science-based Nordic and Baltic startups tackling global challenges.
Volvo Cars Tech Fund
Corporate venture capital fund investing in technologies that shape the future of mobility.
Volvo Group Venture Capital
Corporate VC arm of Volvo Group, investing in innovative startups in transport, mobility, and energy.
Walerud Ventures
Family-backed investor supporting early-stage deep tech startups focused on sustainability and innovation.
Wicked Angels
Angel network investing in early-stage startups with a focus on female founders and diversity.
Zenith VC
Pre-seed investor supporting tech startups across the Nordics with capital and hands-on expertise.
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