Almi Invest
Government fundGothenburg · Pre-Seed–Growth · 52 people tracked
Find your way into Almi Invest
757 people in our graph share verified history with the Almi Invest team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Almi Invest is Sweden's most active startup investor, backing innovative early-stage companies with scalable business models, strong teams and ambitions for rapid growth and international expansion. It invests as a minority shareholder and, as a state-owned entity, always co-invests alongside independent private investors, acting as a bridge to private venture capital. Beyond capital, it supports portfolio companies with networks and expertise over a long-term horizon. Initial investments are typically SEK 1-4 million, while its GreenTech Fund invests SEK 5-10 million. It avoids consultancies, sole traders and companies primarily seeking loans, focusing instead on technology-driven and innovation-led businesses.
Source: firm website, verified Aug 3, 2026.
Team · 52 people
from the firm's website & public directoriesFounder mafia
3 people who came through Almi Invest went on to found or lead other companies.
What they invest in
from 45 of 51 portfolio companiesDeep Tech ×18AI & Machine Learning ×15Healthtech ×14Hardware ×13Medical Devices ×11SaaS ×11Biotech ×9IoT ×8
HQs:Sweden×33Germany×1Denmark×1Portugal×1United States×1
Investments · 51 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 42024 · 12023 · 42022 · 12021 · 42020 · 116 dated
AlixLabs develops ALE (Atomic Layer Etch) technology for semiconductor manufacturing, aiming to make production of ångström-scale semiconductors more accessible, sustainable and affordable.
Advanced ManufacturingDeep TechHardwareSemiconductorsLund, SE
Jonas Sundqvist(CEO and Co-Founder)inDmitry Suyatin(CSO and Co-Founder)inAmin Karimi(CTO and Co-Founder)inStefan Svedberg(Co-founder, Chairman of the Board)in
Co-investorsIndustrifondenNavigare VenturesFORWARD.oneLU Innovation
Definigen manufactures iPSC-derived human hepatocytes for drug discovery and disease modeling.
AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesUppsala, SE
Christopher Trummer(CEO & Co-Founder)inOla Spjuth(Chief AI Officer (CAIO) & Co-Founder)inJordi Carreras-Puigvert(Chief Scientific Officer & Co-Founder)inMorgan Ekmefjord(Co-Founder & CTO)in
Co-investorsNordic Science Investments24 Haymarket
Detecht develops a mobile app designed for motorcycle riders, offering features tailored to their riding experience and community.
ConsumerMobility & TransportationSector AgnosticSocialGothenburg, SE
Co-investorsChalmers Ventures ABATM Capital
Epigenica is a life sciences company working in multi-omics, biomarker discovery, and diagnostics.
AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesSolna, SE
Simon Elsässer(Co-founder)inMohamad Takwa(Co-founder)
Co-investorsVoima VenturesLeksell Social VenturesNavigare Ventures
Maintmaster provides manufacturing intelligence software that transforms operator notes and downtime data into structured issue categories and financial analysis to support investment decisions for maintenance upgrades and reliability improvements.
Advanced ManufacturingAI & Machine LearningData & InfrastructureEnterprise SoftwareIoTSaaSHamburg, DE
Co-investorsMonterro Growth
Nordic Forestry Automation (NFA) develops a retrofit machine-perception system for forestry harvesters, using lidar, GNSS, cameras and onboard edge AI to build a real-time digital map of the forest, detect and measure individual trees, and provide advanced driver assistance to operators.
AgTechAI & Machine LearningRobotics
Co-investorsNavigare VenturesLRF Ventures
PhysAct provides a physical activity and stress management service designed to address mental health and wellbeing issues in the workplace.
Digital HealthHealthtechHR TechWellness & Fitness
BoardMorten Karlsen Sørby
Co-investorsGorilla Capital
Strike Pharma develops nanoparticle delivery technology to enable the development of in vivo CAR therapies.
BiotechDeep TechHealthtechLongevityMedical DevicesStockholm, SE
Sara Mangsbo(Founder)Johan Rockberg(Co-founder)Per Norlén(Chief Executive Officer)Tina Furebring(Chief Operations Officer)
Co-investorsEIR Ventures
Abarceo Pharma is a pre-clinical stage biotech developing a small molecule platform targeting mitochondrial dysfunction via the VDAC1 protein, with an initial focus on treatments for Type 2 Diabetes.
BiotechDeep Tech
Claes Wollheim(Founder (Prof., MD))inAlbert Salehi(Founder (Associate Prof.))
Co-investorsLU Innovation
Aligned Bio develops nanowire-based biosensor platforms capable of detecting single molecules, serving customers in diagnostic and research applications.
BiotechDeep TechMedical Devices
Yuyu LI(Co-founder & Research Scientist)inNiklas Mårtensson(Nanowire Platforms Director and co-founder)inKenneth W. Harlow(Board member and CEO)in
Co-investorsLU InnovationMist Ventures
Ally provides home healthcare services and digital monitoring platforms for hospitals in Sweden, enabling early patient discharge and remote patient monitoring with vital signs tracking and clinician tools.
Digital HealthHealthtechSweden, SE
Altered Company manufactures premium shower heads featuring proprietary Dome technology that delivers coverage, pressure, and heat efficiency while reducing water and energy consumption.
Circular EconomyCleantechClimate TechConsumerHardwareWellness & FitnessStockholm, SE
Kaj Mickos(Professor)Johan NihlénMikael Abbhagen
Alva Labs provides a hiring platform that uses evidence-based assessment methods—including adaptive testing, structured interviews, and composite scoring—to replace subjective decision-making in recruitment.
AI & Machine LearningHR TechSaaSStockholm, SE
Malcolm Burenstam Linder(Co-founder & CEO)in
Co-investorsVNV Global
Amferia develops antimicrobial hydrogel wound dressings that kill bacteria including antibiotic-resistant strains using peptides bonded to hydrogel, for human and veterinary wound care applications.
BiotechHealthtechMedical DevicesGothenburg, SE
Anand Kumar Rajasekharan(PhD, CEO & Co-founder)inSaba Atefyekta(PhD, Sales & Marketing Director & Co-founder)inMartin Andersson(PhD, R&D Director & Co-founder)
Co-investorsChalmers Ventures AB
Antrad Medical develops RF oven technology for rapid thawing of sensitive biological materials used in medical and laboratory settings.
Deep TechHealthtechMedical Devices
Lars Ekemar(Founder and Inventor)
ApoGlyx develops small-molecule aquaporin-9 inhibitors to treat severe inflammatory and metabolic diseases, including acute pancreatitis and diabetes.
BiotechHealthtechMedical DevicesAarhus, DK
Michael Rützler(Chief Executive Officer & Co-founder)inSøren Nielsen(Co-founder)
Co-investorsLU Innovation
Aqua Robur develops hardware and software solutions for monitoring water infrastructure at a system level, detecting leakages, sewer overflows, and infiltration issues.
CleantechClimate TechHardwareIoTGothenburg, SE
Co-investorsChalmers Ventures AB
Aura Cloud provides financial institutions with agile platform solutions to launch services quickly and integrate with fintech ecosystems.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Avidicare develops Opragon, a solution designed to benefit patients and hospital staff in healthcare settings.
CleantechHealthtechMedical DevicesLund, SE
Peter Höjerback(Chief Executive Officer)in
Co-investorsIndustrifonden
BeammWave develops fully digital mmWave beamforming technology and radio-frequency integrated circuits (RFICs) for 5G applications, adaptable across smartphones, fixed wireless access CPE, and base stations.
Deep TechHardwareSemiconductors
Co-investorsLU Innovation
Beep uses wearable technology to track metrics like blood sugar, lactate, and ketones, combining them with lifestyle inputs such as food, sleep, and activity to deliver AI-driven personalized insights for athletes.
AI & Machine LearningDigital HealthSports TechWellness & FitnessKiruna, SE
Camphouse is a media planning and campaign management software for advertisers and ad agencies, offering tools for collaboration, media buying, budgeting, and reporting.
AdTechMarketing TechSaaS
Alexander Högman(Co-founder / CEO)inMagnus Ohlin(Co-founder / CPO)inLudwig Magnusson(Co-founder / CTO)inJoakim Landberg(Co-founder / CSO)
Co-investorseEquity ABJ12 VenturesNewion
CorPower Ocean develops wave energy converters that transform ocean waves into electricity through biologically-inspired technology.
CleantechClimate TechDeep TechEnergyEnterprise SoftwareFintechHardwareLisbon, PT
Co-investorsCisco InvestmentsAcario InnovationEIT InnoEnergy
Crosser provides a hybrid-first stream analytics and integration platform enabling real-time processing of streaming, event-driven, and batch data across cloud, on-premise, and edge environments.
Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareIoTSaaSStockholm, SE
Uffe Bjorklund(Co-founder)inJohan JonzoninMartin Thunmanin
Co-investors42CAPIndustrifondenSpintop VenturesNorrlandsfonden
Curoflow provides a white-label digital healthcare platform for care providers, combining booking, triage, electronic medical records, a patient portal, payments, and business support in one system.
Digital HealthHealthtechSaaS
Cviko Beslic(Founder)in
Co-investorsSilicon Gardens
FirstQFM develops proprietary foundation models for quantum computing, aiming to improve the scaling and performance needed to derive business and scientific value from quantum systems.
AI & Machine LearningDeep TechQuantum ComputingStockholm, SE
Vish Ramakrishnan(Chief Executive Officer)
Co-investorsBSV VenturesLuminar Ventures
Flox Intelligence uses AI to decode animal communication and guide wildlife away from danger, preventing collisions between animals and infrastructure without harming them.
AgTechAI & Machine LearningClimate TechDeep TechHardwareSyracuse, US
Sara Nozkova(Co-founder)inTomas Becklin(Co-founder)in
Co-investorsGENIUS NYSatganaTilia Impact PartnersTilia Impact VenturesUnconventional Ventures
Klimato builds data infrastructure and emissions reporting tools for food businesses to measure and reduce their climate impact.
Climate TechFoodTechSaaSStockholm, SE
Anton Unger(Founder)in
Co-investorsGlobal Cleantech Capital
Konvolo runs short, AI-led adaptive customer interviews that ask follow-up questions and cluster the responses into structured insights with evidence, volume and trends.
AI & Machine LearningMarketing TechSaaS
Co-investorsGorilla Capital
Limina provides investment management software that automates workflows for portfolio managers and operations teams across front, middle, and back office functions.
Enterprise SoftwareFintechSaaS
Co-investorsGoose Valley VenturesIndustrifondenVidici Ventures
W-DALI is a wireless retrofit product that replaces traditional DALI cable installations for lighting control systems, enabling faster deployment in buildings where new wiring is impractical.
EnergyHardwareIoTGothenburg, SE
Niclas Norlén(Founder)in
Co-investorsChalmers Ventures AB
Mimbly designs and manufactures laundry innovations for businesses with large-scale laundry operations, including housing companies, facility management providers, and hotels, to reduce water consumption.
Circular EconomyCleantechIoTGothenburg, SE
Co-investorsKuorrokveik Adventure CapitalGU Ventures AB
Njord Medtech develops medical devices for acute care and patient handling in hospitals, with a focus on improving radiology workflows and patient positioning.
HardwareHealthtechMedical Devices
Barbro Cagner(Co-founder)inJacob(Co-founder)
Co-investorsKlint Ventures
Scaleout provides federated and edge AI infrastructure that runs the full model training loop on devices in the field, so models improve on local conditions without raw data leaving the site.
AI & Machine LearningDefense TechIoTUppsala, SE
Ebba Kraemer(Co-Founder / CCO)Andreas Hellander(Co-Founder / CEO)inSalman Toor(Co-Founder / CTO)inDaniel Zakrisson(Co-Founder / COO)inJens Frid(Co-Founder / CMO)in
Co-investorsFairpoint CapitalNavigare Ventures
Suturion develops SutureTOOL, a medical device that enables surgeons to perform standardized abdominal wall fascia closure using the small-bites technique to improve patient outcomes and reduce complications.
HealthtechMedical DevicesHelsingborg, SE
Gabriel Börner(Co-founder and Chief Medical Officer)inMats O. ChristenssonPaan Hermansson(CEO)in
Co-investorsLU Innovation
RU1 is a lightweight, rapidly-deployable high-frequency wireless communication system designed for mission-critical operations in demanding environments.
Deep TechDefense TechHardwareIoTStockholm, SE
James Campion(Founder)in
Co-investorsIn-Q-TelNavigare VenturesOnsight VenturesDeeptech Labs
TerraBarrier develops coatings and materials technology to combat high-temperature corrosion and enable green hydrogen and green ammonia applications, helping industrial partners extend component lifetimes and reduce waste.
CleantechDeep TechEnergyNew Materials
Jonas Wallmander(CEO)inAnna Carlson(CTO)inTorbjörn Lindquist(COO)in
BoardErik Sävenstrand(Working Chairman)in
Co-investorsKlint Ventures
TrackPaw Scientific develops an automated digital animal tracking system for preclinical drug development laboratories, providing real-time monitoring and data collection to improve animal welfare and research data quality.
AI & Machine LearningBiotechHardwareHealthtechIoT
Liza(CEO, CO-FOUNDER)Erik(CTO, CO-FOUNDER)
Co-investorsIndustrifondenLU Innovation
Vividye develops sustainable pigments and dyes that eliminate harmful chemicals and microplastics from the color production process.
Circular EconomyCleantechDeep TechNew Materials
Johanna Nissén Karlsson(CEO & Co-Founder)inGustav Larsson-Utas(COO & Co-founder)inRomain Bordes(Head of R&D & Co-Founder)
Co-investorsChalmers Ventures AB
Waveium provides cloud-based wireless propagation simulation through a single API, computing the radio channel across 0.5–30 GHz from rough environment sketches such as CAD files, coordinates, addresses, or point clouds.
Deep TechDeveloper ToolsSaaSMalmö, SE
Aleksei Fedorov(Founder)in
Co-investorsLU Innovation
This page is a case study of Alfa Laval's use of Winningtemp, an employee engagement and feedback platform.
AI & Machine LearningEnterprise SoftwareHR TechSaaSGothenburg, SE
Pierre Lindmark(Founder)in
Co-investorsBonnier CapitalChalmers Ventures ABFrog CapitalNorrsken VC
Xenergic designs memory integrated circuit (IC) intellectual property focused on power efficiency and low-power solutions for semiconductor applications.
Deep TechHardwareSemiconductorsLund, SE
Anders Berglund(CEO & Co-Founder)Babak Mohammadi(CTO & Co-Founder)in
Co-investorsLU InnovationMist Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Ally MedicalAlteredAntrad MedicalAppieModeAura Banking CloudEcohelix
Portfolio news
latest coverage across their companies
Nordic Forestry Automation (NFA) · ideon.se · Aug 13, 2026
Aligned Bio · genomeweb.com · Jul 7, 2026
Waveium · oresundstartups.com · Jun 24, 2026
Camphouse · finsmes.com · Jun 17, 2026
Crosser · industrifonden.com · Dec 12, 2025
Frequently asked questions
- How many investments has Almi Invest made?
- Almi Invest has 51 tracked investments, 1 of which have exited, including 5 dated in the last 24 months.
- What stage does Almi Invest invest at?
- Almi Invest invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
- What is Almi Invest's typical check size?
- Almi Invest typically writes checks of $100K – $1M.
- What sectors does Almi Invest focus on?
- Almi Invest focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Circular Economy, Cleantech, Climate Tech, Construction Tech, Deep Tech, Energy, FoodTech, Impact & Social Good, Medical Devices, Mobility & Transportation, New Materials, Sector Agnostic.
- Where is Almi Invest located?
- Almi Invest is headquartered in Gothenburg, SE.
- Does Almi Invest lead rounds?
- Almi Invest typically participates in rounds rather than leading them.
Images
Co-investors · 1
Spintop Ventures is an early-stage venture capital firm that invests in software-based technology companies from the Nordics, helping them become sector leaders.
Firms observed investing alongside Almi Invest, from public investor directories. Shared companies are the overlap with Almi Invest's recorded portfolio.
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