CNI
Venture capitalStockholm · Seed–Late Stage · 5 people tracked
Investment thesis
CNI backs exceptional entrepreneurial businesses and helps build and scale them across many sectors with a flexible, pragmatic investment mandate. It seeks companies that create sustainable long-term shareholder value, aligning its interests with those of its founders. Since its founding in Stockholm in 2011, CNI has funded and supported around 40 companies, mainly in the Nordic region. The firm applies strict ethical and sustainability criteria, excluding businesses tied to environmentally harmful activities, addictive products, weapons, workers' rights violations, discrimination, tax avoidance or unethical practices, believing successful investing should benefit all stakeholders.
Source: firm website, verified Aug 7, 2026.
Team · 5 people
from the firm's websiteWhat they invest in
from 33 of 39 portfolio companiesConsumer ×12SaaS ×12E-commerce ×9Fintech ×9Retail Tech ×5AI & Machine Learning ×3Digital Health ×3Direct to Consumer ×3
HQs:Sweden×16Germany×1Norway×1
Investments · 39 tracked
founders shown can be your intro pathAcast provides an all-in-one podcast platform that enables creators to manage, distribute, monetize, and measure their podcasts across multiple streaming services.
Creator EconomyMarketing TechMedia & Entertainment
Co-investorsBonnier CapitalEvli Growth PartnersHomebrewnode.vcWinklevoss Capital
Albacross is a B2B intent data platform that identifies the companies visiting a website, scores and segments them by buying intent, and routes high-intent accounts into CRM and outreach workflows.
Marketing TechSaaSSales Tech
Co-investorsLuminar VenturesVentech
Arrive operates an urban mobility platform that helps cities, fleet operators, and policymakers manage city movement through solutions such as parking, public transport, and mobility data analysis.
GovTechMobility & TransportationSaaS
Co-investorsAlate PartnersBeringeaHyde Park AngelsHyde Park Venture Partners
Asfaltsgruppen is a Swedish paving and groundwork contractor that handles asphalt projects ranging from large road authority contracts to small jobs like driveways.
Construction Tech
Billogram orchestrates payment flows and invoice management for businesses, helping reduce collection issues and support digital payment processes.
Fintech
Co-investorsKickstart InnovationPartech VenturesSwisscom Ventures
A Swedish company that provides design, installation, service, and maintenance for all types of fire protection systems.
Construction TechStockholm, SE
Cleanpipe provides sewage, water, and waste services for businesses and individuals, including high-pressure flushing, sludge suction, hazardous waste handling, pipe relining, CCTV pipe inspection, and excavation suction work.
Circular EconomyCleantech
Inventing the future of sound.
Eriks is a Swedish food brand offering restaurant-style sauces and mayonnaise made from selected ingredients and produced in Sweden, sold to home consumers for everyday and special meals.
ConsumerDirect to ConsumerFoodTech
Co-investorsCathay InnovationOMERS Ventures
Froda provides financing to small and medium-sized businesses, aiming to give them the same growth opportunities as large companies through accessible funding.
FintechSaaS
IDEAL OF SWEDEN designs and sells phone cases, bags, and mobile accessories such as screen protectors, phone rings, holders, wristlets, straps, and card holders, many with magnetic or MagSafe compatibility.
ConsumerDirect to ConsumerE-commerce
Co-investorsAltor
Insurely provides a managed open finance data-sharing gateway that helps financial institutions meet FIDA and FDSS regulatory requirements while creating new revenue streams from their data.
Data & InfrastructureFintechInsurTechSaaS
Martin J. Gylfe(Founder)in
Co-investorsLuminar VenturesOpera Tech VenturesAlfvén & DidriksonAmpli VenturesInsight PartnersNeptunia Invest
KidsBrandStore is an online retailer selling branded clothing, shoes, and accessories for children, teens, and juniors, carrying labels such as Peak Performance, Gant, Levi's, and Calvin Klein.
ConsumerE-commerceRetail Tech
Klarna is a mobile banking and payments platform that offers flexible payment options, shopping features, and financial management tools to millions of users globally through partnerships with thousands of merchants.
ConsumerE-commerceFintech
Sebastian Siemiatkowski(Founder & CEO)
Co-investorsAdit Ventures Management, LlcAlpha Wave GlobalBackstage ABBase PartnersChaos VenturesECP Growth+25 more
Mathem is an online grocery retailer offering food and household products for home delivery to consumers in Sweden.
ConsumerE-commerceFoodTech
Co-investorsSalica InvestmentsSoftBank Vision Fund
Mindler is an online mental health service that connects patients with licensed psychologists for video sessions and internet-based CBT (IKBT) programs delivered through its app.
Digital HealthHealthtechMental Health
Co-investorsLuminar VenturesSchibsted GrowthVentech
Mynt provides a platform for managing company spending, combining corporate cards, expense management, and invoice handling with automated bookkeeping.
Enterprise SoftwareFintechSaaS
Co-investorsIncore Invest
Nextory is a subscription streaming service offering access to over 1.4 million audiobooks and e-books through an iOS and Android app, with offline reading and family profiles.
ConsumerMedia & EntertainmentSaaS
Co-investorsIndustrifonden
Oda is an online grocery store offering food and household items at low prices with home delivery to consumers in Norway.
ConsumerE-commerceFoodTech
Co-investorsAlliance VCAlliance VentureSkyfall VenturesSumma Equity
Oden provides AI-driven analytics and process optimization software for manufacturers, giving front-line operators real-time recommendations to improve output, quality, and machine uptime.
Advanced ManufacturingAI & Machine LearningSaaS
Co-investorsCerity Partners VenturesNavigate VenturesRecurring Capital Partners
Outnorth is an online retailer selling outdoor gear and equipment to consumers, with features like a 30-day return policy and climate-compensated shipping.
ConsumerDirect to ConsumerE-commerce
PinMeTo is a SaaS platform that helps multi-location brands manage and synchronize their location data, online conversations, and customer engagement across search engines, maps, social media, directories, and AI platforms.
Enterprise SoftwareMarketing TechRetail TechSaaSMalmö, SE
Co-investorsSpintop Ventures
Qapital is a personal finance app for consumers that automates saving, investing, budgeting, and debt management in a single platform, using rule-based tools like automatic round-ups and payday budgeting.
ConsumerFintech
Rabot Energy provides German households with a dynamic electricity tariff that passes through hourly wholesale market prices, offering 100% certified green power along with an app for tracking consumption, smart-charging EVs, and controlling devices to shift usage to cheaper hours.
CleantechConsumerEnergy
Co-investorsBosch VenturesRobert Bosch Venture Capital
Royal Design is an online retailer selling home and interior products, including lighting, tableware, home decor, textiles and rugs, kitchenware, storage, and outdoor furniture.
ConsumerE-commerceRetail Tech
Scrive is an e-signature provider operating as a Qualified Trust Service Provider under the EU eIDAS regulation, offering electronic signing that meets regulatory and security standards for legal validity.
CybersecurityLegalTechSaaS
Co-investorsWellstreet
Shine provides financial admin tools for freelancers and small businesses, including invoicing, expense tracking, bookkeeping, VAT/tax preparation, and banking integrations delivered through a mobile app.
FintechSaaS
TrueLayer operates a Pay by Bank payment network enabling businesses to accept direct bank payments instead of card-based transactions.
Fintech
Co-investorsAnthemis VentureGraph VenturesInsiders VenturesIsomer CapitalMouro CapitalNorthzone+2 more
Visiba is a Swedish SaaS company offering AI-powered triage and digital care platforms (Visiba Triage and Visiba Care) that help healthcare providers triage, communicate with, and route patients to the appropriate point of care.
AI & Machine LearningDigital HealthSaaSGothenburg, SE
Johan Gustafsson(Founder and CEO)Samuel Sporrenstrand(Founder and Senior Sales Executive)Andreas Larsson(Founder and Head of Technology)
VoltAir supplies air handling units (HVAC ventilation aggregates), offering both a standard product range and fully custom, on-site assembled units.
Cloud ComputingHardwareIoT
Volumental provides 3D foot measurement technology and AI-powered footwear recommendation system for retail stores.
AI & Machine LearningHardwareRetail Tech
Co-investorsBackstage ABForward Venture Capitalnode.vc
Portfolio news
latest coverage across their companiesArrive · mynorthwest.com · Aug 20, 2026
Rabot Energy · startupcity.hamburg · Jul 7, 2025
Klarna · livemint.com · May 19, 2025
Frequently asked questions
- How many investments has CNI made?
- CNI has 39 tracked investments.
- What stage does CNI invest at?
- CNI invests at the Seed, Growth, Late Stage stages.
- What sectors does CNI focus on?
- CNI focuses on Sector Agnostic.
- Where is CNI located?
- CNI is headquartered in Stockholm, SE.
- Who does CNI co-invest with?
- CNI most often shares deals with Luminar Ventures, Backstage AB, node.vc, among 65 tracked co-investors.
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