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Front Ventures

Venture capital

Stockholm · Seed–Series A · 8 people tracked

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Investment thesis

Front Ventures aims to bridge Ukrainian military innovations with Western capital, production capacity, and military demand. It combines early investments in Ukrainian defense tech companies with scaling and manufacturing in Western Europe, arguing that Ukrainian product development is cost-effective and battle-tested while Europe offers lower capital costs, available production capacity, and acute demand. The firm focuses on areas such as UAV control systems, target acquisition, command software, manufacturing and autonomous defense systems, secure defense communications, and counter-drone and electronic countermeasures. It sees a major opportunity as EU defense spending rises and the bloc targets increasing domestic defense procurement from 22% (2022) to 50% (2030).

Source: firm website, verified Sep 26, 2026.

Stage
Seed–Series A
HQ
Stockholm, SE
Leads rounds
Leads
Instruments
Equity
Founded
2013
Last 12 months
1 investment
Tracked investments
14

Team · 8 people

from the firm's website & curated
Annica Näslundin

Listed among Front Ventures' board and management.

Björn Nobel

Listed among Front Ventures' board and management.

Henrik Roglar

Listed among Front Ventures' board and management; also a major shareholder.

Tommy Ekholm

Listed among Front Ventures' board and management.

What they invest in

from 3 of 14 portfolio companies

Defense Tech ×2Hardware ×2Advanced Manufacturing ×1Deep Tech ×1Developer Tools ×1Logistics & Supply Chain ×1Robotics ×1

HQs:Ukraine×1

Investments · 14 tracked

founders shown can be your intro path
Aeromotorsaeromotors.com.uainDec 2025 · $550K

AEROMOTORS provides motors, offering a product catalog and test samples to interested parties.

Advanced ManufacturingHardware

Yevheniia Kliuieva(Founder)in

Molfardefencemolfardefence.com

Molfar Defence Technologies develops tactical radar systems for early detection, localization, and tracking of small, low-observability aerial threats such as drones in complex low-altitude conditions.

Deep TechDefense TechHardware

Trinityxtrinityx.com.ua

Web design and development company that builds websites.

Defense TechDeveloper ToolsLogistics & Supply ChainRobotics

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ABX DynamicsAviation Center EngelholmBlackforestsystemsCitigiroMolfarScandinavian XSkyhunterSkyhuntertechSwebalTrinity RoboticsVopy

Frequently asked questions

How many investments has Front Ventures made?
Front Ventures has 14 tracked investments, including 1 dated in the last 24 months.
What stage does Front Ventures invest at?
Front Ventures invests at the Seed, Series A stages.
What sectors does Front Ventures focus on?
Front Ventures focuses on Deep Tech, Defense Tech, Fintech, Hardware, Robotics.
Where is Front Ventures located?
Front Ventures is headquartered in Stockholm, SE.
Does Front Ventures lead rounds?
Yes, Front Ventures leads investment rounds.

Media · Podcasts & interviews

featuring the team

Front Ventures Q4 - VD Jonas Malmgren presenterar bolagets bokslut med Q&A

Investor Studios · Jonas Malmgren

Images

Front Ventures photo

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