Fundraising Fox

CNI

Venture capital

Stockholm · Seed–Late Stage · 5 people tracked

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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.

Invests inSector AgnosticEuropeStockholmSweden

Source: firm website, verified Aug 7, 2026.

Stage
Seed–Late Stage
HQ
Stockholm, SE
Instruments
Equity
Founded
2011
Tracked investments
39

Team · 5 people

from the firm's website

What they invest in

from 33 of 39 portfolio companies

Consumer ×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 path
Acastacast.comin

Acast 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

Albacrossalbacross.com

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

Arrivearrive.comin

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

Asfaltsgruppenasfaltsgruppen.sein

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

Babylandbabyland.se
Barnebysbarnebys.se
Billogrambillogram.comin

Billogram orchestrates payment flows and invoice management for businesses, helping reduce collection issues and support digital payment processes.

Fintech

Co-investorsKickstart InnovationPartech VenturesSwisscom Ventures

Bstabbstab.com

A Swedish company that provides design, installation, service, and maintenance for all types of fire protection systems.

Construction TechStockholm, SE

Cleanpipecleanpipe.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

Diracdirac.com

Inventing the future of sound.

Erikssasererikssaser.se

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

FirstVetfirstvet.com

Co-investorsCathay InnovationOMERS Ventures

Frodafroda.se

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 Swedenidealofsweden.comin𝕏

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

Instabeeinstabee.comin

Instabee is a last-mile logistics company that handles parcel lockers, home delivery, and returns for online merchants through its consumer brands Budbee, Instabox, and Porterbuddy.

E-commerceLogistics & Supply ChainRetail Tech

Co-investorsKinnevik

Insurelyinsurely.com

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

Kidsbrandstorekidsbrandstore.se

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

Klarnaklarna.com

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

Mathemmathem.se𝕏

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

Medsmeds.sein

MEDS is an online pharmacy selling prescription and over-the-counter medicines along with health, supplement, beauty, skincare and pet-care products for consumers and their pets.

ConsumerDigital HealthE-commerce

Mindlermindler.se

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

Myntmynt.comin

Mynt provides a platform for managing company spending, combining corporate cards, expense management, and invoice handling with automated bookkeeping.

Enterprise SoftwareFintechSaaS

Co-investorsIncore Invest

Nextorynextory.se

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

Norrcompanynorrcompany.se
Odaoda.com

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

Odenoden.ioin𝕏

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

Outnorthoutnorth.com

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

Pinmetopinmeto.comin𝕏

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

Qapitalqapital.com

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 Energyrabot.energyin

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

Royaldesignroyaldesign.se

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

Scrivescrive.com

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

Shineshine.co

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

Strydastryda.gg
TrueLayertruelayer.comin𝕏

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

Visibagroupvisibagroup.comin

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)

Voltairsystemvoltairsystem.com

VoltAir supplies air handling units (HVAC ventilation aggregates), offering both a standard product range and fully custom, on-site assembled units.

Cloud ComputingHardwareIoT

Volumentalvolumental.com

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

Zimplerzimpler.comin

Zimpler operates a Pay by Bank (account-to-account) payment network that lets businesses accept deposits and send payouts directly through connected bank accounts using open banking APIs.

FintechSaaS

Portfolio news

latest coverage across their companies

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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