Growth
Top 20 VC Firms in Sweden in 2025
Written by
Lineke Kruisinga
Published on
October 15, 2025
Written by
Published on
Looking to raise funding in Sweden? These are the VCs you should know.
Sweden’s startup ecosystem is one of the strongest in Europe, with leading innovation in fintech, climate tech, SaaS, deep tech, and consumer brands. From prolific public funds to specialized climate and corporate VCs, these 20 firms are active, founder-focused, and helping build global champions.
Ranked by deal activity, this list highlights the most active investors in Sweden’s startup scene from early-stage accelerators to late-stage growth funds.
📍 Location: Stockholm (with regional funds)
Sweden’s most active early-stage investor, with a nationwide network and a GreenTech fund. Almi backs scalable companies across sectors, often as first money in.
💰 Size: SEK 0.5M–10M
📍 Stage: Pre-seed to Series A
🌐 Almi Invest
📍 Location: Stockholm
Part of EQT Group, this fund backs European and global category leaders across multiple verticals. Known for larger early-to-growth stage tickets.
💰 Size: €1M–€50M+
📍 Stage: Seed to Growth
🌐 EQT
📍 Location: Stockholm
One of Europe’s most renowned early-stage VC funds. Active in sectors like SaaS, Web3, creator economy, and climate tech. Early backer of Spotify, Klarna, and more.
💰 Size: €500K–€10M
📍 Stage: Seed to Series B
🌐 Creandum
📍 Location: Stockholm
A leading European impact fund investing in startups solving global problems while building massive businesses. Focused on early-stage, mission-driven founders.
💰 Size: €500K–€3M
📍 Stage: Pre-seed to Series A
🌐 Norrsken VC
📍 Location: Stockholm
A large Swedish evergreen fund focused on early-stage technology and life science companies with international potential.
💰 Size: €1M–€10M
📍 Stage: Seed to Series B
🌐 Industrifonden
📍 Location: Stockholm
Europe’s leading life sciences VC, investing in pharmaceuticals, medtech, and diagnostics. Known for deep domain expertise and international syndications.
💰 Size: €1M–€15M+
📍 Stage: Seed to Growth
🌐 HealthCap
📍 Location: Malmö
A climate tech specialist fund investing at seed stage across Europe and the US. Known for a high volume of early deals in climate innovation.
💰 Size: €200K–€2M
📍 Stage: Seed
🌐 Pale Blue Dot
📍 Location: Stockholm
Early-stage investor active in SaaS, fintech, and hardware. Known for backing scalable Nordic startups early on.
💰 Size: €250K–€3M
📍 Stage: Seed to Series A
🌐 Spintop Ventures
📍 Location: Stockholm
A highly active early-stage fund investing in hardware, deep tech, and frontier technology companies.
💰 Size: €100K–€2M
📍 Stage: Pre-seed to Seed
🌐 J12
📍 Location: Stockholm
The venture arm of the Bonnier media group, investing in digital media, SaaS, and consumer tech startups that align with Bonnier’s strategic vision.
💰 Size: €500K–€5M
📍 Stage: Seed to Series B
🌐 Bonnier Ventures
📍 Location: Gothenburg
The venture arm of Volvo Group, focused on startups within mobility, logistics, electrification, and sustainability.
💰 Size: €1M–€10M+
📍 Stage: Series A to Growth
🌐 Volvo Ventures
📍 Location: Stockholm
The venture arm of H&M, investing in fashion tech, circular economy, and retail innovation. Active in growth rounds but also participates in early deals with strategic fit.
💰 Size: €1M–€10M
📍 Stage: Seed to Growth
🌐 H&M Group Ventures
📍 Location: Stockholm
A well-known entrepreneurial investment group backing digital consumer businesses, SaaS, and fintech at scale.
💰 Size: €5M–€50M+
📍 Stage: Series A to Growth
🌐 Kinnevik
📍 Location: Stockholm
Investing in marketplaces, classifieds, network effect businesses, and digital health. Active in both early and growth stages.
💰 Size: €1M–€20M+
📍 Stage: Seed to Growth
🌐 VNV Global
📍 Location: Stockholm
Founded by the creators of Candy Crush, Sweet Capital focuses on consumer technology and gaming startups globally.
💰 Size: €250K–€5M
📍 Stage: Seed to Series A
🌐 Sweet Capital
📍 Location: Gothenburg
One of Sweden’s top university-linked funds, investing early in tech startups and supporting them with coaching and incubation.
💰 Size: €100K–€1M
📍 Stage: Pre-seed to Seed
🌐 Chalmers Ventures
📍 Location: Stockholm
The venture arm of KTH Royal Institute of Technology, investing in early-stage tech spinouts and research-driven startups.
💰 Size: €100K–€500K
📍 Stage: Pre-seed to Seed
🌐 KTH Holding
📍 Location: Stockholm
An active Nordic VC focusing on deep tech, climate tech, and AI startups with global potential. Known for seed and Series A deals.
💰 Size: €500K–€3M
📍 Stage: Seed to Series A
🌐 Navigare Ventures
📍 Location: Stockholm
A founder-first early-stage fund focused on Swedish and Nordic tech startups. Known for a high deal volume at pre-seed and seed.
💰 Size: €100K–€2M
📍 Stage: Pre-seed to Seed
🌐 Luminar Ventures
📍 Location: Stockholm
Fintech-focused venture fund investing in innovative financial services startups across Sweden and Europe.
💰 Size: €500K–€5M
📍 Stage: Seed to Series A
🌐 NFT Ventures
Sweden’s VC landscape is a powerhouse in Europe, blending prolific early-stage investors like Almi, Creandum, and Pale Blue Dot with strategic corporate funds and deep tech specialists. Whether you’re building a climate startup, fintech platform, or global SaaS product, these 20 firms are actively shaping Sweden’s next wave of unicorns.
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We're always looking for new partners and investment possibilities:
🌱 Pre-seed and seed stage (ticket size €250k-1M)
🏎 Highly product and scale driven
🇪🇺 European focussed
🕸 Industry agnostic
