Industrifonden
Venture capitalStockholm · Pre-Seed–Series A · 35 people tracked
Investment thesis
Industrifonden invests in transformative ventures with the potential to positively change how people live. The firm seeks unique, scalable innovations that deliver meaningful societal impact, partnering with passionate founders who can turn ideas into reality and reshape or create industries. Its portfolio spans deeptech, biotech and life science, semiconductors, cleantech, enterprise software, and industrial technology, reflecting a focus on science-driven and technically differentiated companies.
Source: firm website, verified Aug 3, 2026.
Team · 35 people
from the firm's website & public directoriesWhat they invest in
from 77 of 96 portfolio companiesBiotech ×23SaaS ×21Healthtech ×20AI & Machine Learning ×16Hardware ×13Deep Tech ×11Medical Devices ×11Cleantech ×10
HQs:Sweden×26United States×5Denmark×1
Who they back
founder profiles across 13 portfolio companiesFounding team size:solo founder×82 founders×23 founders×14+ founders×2
Investments · 96 tracked
founders shown can be your intro pathBy year:2025 · 52024 · 12023 · 52022 · 112 dated
BOOST Pharma is developing BT-101, a mesenchymal stem cell therapy for Osteogenesis Imperfecta (brittle bone disease) in children, based on research from Karolinska Institutet in Sweden.
BiotechHealthtechStockholm, SE
Lilian Walther Jallow(Co-founder & CDO)Cecilia Gotherstrom(Co-founder and member of SAB)Hans T. Schambye(Chief Executive Officer)Tony Hall(Chief Medical Officer)Louise Himmelstrup(Chief Regulatory Officer)
Co-investorsSound Bioventures
Cellevate develops Cellevat3d nanofiber-based microcarriers and cell culture systems for upstream bioprocessing, used in viral vector, viral vaccine, and stem cell production by gene therapy and biopharmaceutical organizations.
Advanced ManufacturingBiotechDeep TechMedical DevicesNew MaterialsLong Beach, US
Maximilian Ottosson(Founder)inClint Monfort(Executive Officer, Director, Promoter)
Co-investorsEuropean Investment BankOnsight VenturesEICEuropean Innovation Council Fund
SeaPattern is a Swedish hydropower startup developing floating turbines, with pre-series units manufactured through a collaboration with Actemium (VINCI Energies).
CleantechClimate TechEnergyStockholm, SE
ShardSecure provides agentless, file-level encryption and its patented Microshard technology to secure data across on-premises, cloud, and hybrid/multi-cloud environments for enterprises.
Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareSaaSNew York, US
Bob Lam(Executive Officer, Director)in
BoardRon Gula(Director)inLouis A. Steinberg(Director)Jesper Tohmo(Director)Stephen Fredrick(Director)inNick Efstratis(Director)in
Co-investorsGula Tech AdventuresEPIC VENTURESGrotech Ventures500 GlobalSINEWAVE VENTURESThe Fund
Teitur Trophics is a biotech company developing first-in-class cyclic peptides that target lysosomal, mitochondrial and pro-survival signaling pathways to preserve neuronal function.
BiotechDeep TechHealthtechAarhus, DK
Simon Mølgaard(Co-founder & CEO)Anders Dalby(Co-founder)Mathias Ollendorff(Co-founder)Simon Glerup(Co-founder)
Co-investorsP53 InvestInnovestorSound BioventuresSunstone Capital
NuvoAir provides virtual-first specialty care for chronic cardiopulmonary and sleep conditions such as COPD, asthma, and sleep apnea, combining FDA-cleared at-home monitoring devices, personalized care plans, and remote monitoring.
Digital HealthHealthtechMedical DevicesBoston, US
Lorenzo Consoli(Founder)inHakan Sjunnesson(Director)Daniel Spasic(Director)Simon Cartmell(Director)Erik Lystedt(Executive Officer)
BoardGary Kurtzman(Director)
Board seatPatrik Sobocki· per SEC Form D
Co-investorsAlbionVCHikma VenturesKAYA
Adamant Quantum develops chip-scale quantum sensors and timing components based on synthetically grown diamonds with engineered crystal defects, used for sensing, navigation, communication, and metrology.
Deep TechHardwareQuantum Computing
Co-investorsNavigare Ventures
Adfenix offers an automated, AI-powered sales and marketing platform built for real estate professionals to create and manage marketing at scale.
Marketing TechPropTechSaaS
Co-investorsNotion CapitalSpiltan Invest
Airsonett develops the Air4, a CE-marked Class 1 medical device that uses patented Temperature-controlled Laminar Airflow (TLA) to deliver clean, allergen-free air around a patient's face during sleep for home treatment of allergic asthma and atopic dermatitis.
HardwareHealthtechMedical Devices
Co-investorsFSG
AlixLabs develops Atomic Layer Etch (ALE) equipment for semiconductor manufacturing, including its Atomic Pitch Splitting (APS) technology that replaces multiple patterning steps with a single process to lower the cost of producing leading-edge chips.
Deep TechHardwareSemiconductors
Co-investorsAlmi InvestLU InnovationNavigare VenturesFORWARD.one
AnaCardio is a clinical-stage biopharmaceutical company developing novel drugs to treat heart failure, including its GOAL-HF1 program for patients with Heart Failure and Reduced Ejection Fraction (HFrEF).
BiotechMedical DevicesStockholm, SE
Co-investors3B Future Health FundNovo HoldingsPureos BioventuresSound Bioventures
Apica provides a telemetry data management platform that processes, enriches, and governs metrics, logs, traces, and events for observability and AI use cases.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareStockholm, SE
Mathias Thomsen(CEO)
Co-investorsLeo Capital VenturesOxxRiverside Acceleration CapitalOsage Venture Partners
British hi-fi and home cinema electronics maker A&R Cambridge (Arcam), owned by Harman International, a Samsung subsidiary.
Co-investorsElevate VenturesSkagerak Capital
Arevo develops a proprietary crop nutrition technology (Arginex) that activates the plant root zone to improve nutrient uptake, offering growers an alternative to conventional mineral fertilisers.
AgTechBiotechClimate TechMilpitas, US
Bruce Armstrong(Director)Brian Shin(Director)Sonny Vu(Executive Officer, Director)
Co-investorsNavigare Ventures
Asgard Therapeutics is a biotech company developing cancer immunotherapies using direct cell reprogramming and gene therapy, with a lead program (AT-108) built as an off-the-shelf gene therapy.
BiotechHealthtech
Co-investorsLU InnovationNovo HoldingsBoehringer Ingelheim Venture Fund
Avassa offers an application and AI model management, operations, and orchestration platform built for resource-constrained edge and IIoT environments, letting companies remotely deploy, update, monitor, and troubleshoot containerized edge applications at scale.
Cloud ComputingDeveloper ToolsIoTStockholm, SE
Claes Wikstrom(Founder)Johan Bevemyr(Founder)Martin Bjorklund(Founder)Urban Lindegren(Founder)
Co-investorsFairpoint Capital
Avidicare makes Opragon, an ultra-clean air ventilation system for healthcare settings such as operating rooms, laboratories, sterile supply departments, ICUs, isolation rooms, and pharmacies, aimed at preventing airborne and surgical site infections.
CleantechHealthtechMedical DevicesLund, SE
Co-investorsAlmi Invest
BONESUPPORT is an orthobiologics company that develops and markets CERAMENT, a line of injectable, radiopaque, osteoconductive and drug-eluting bioceramic products that remodel into host bone.
BiotechHealthtechMedical Devices
Co-investorsHealthCap
BrainZell produces high-throughput brain organoids derived from induced pluripotent stem cells (iPSCs) that mimic human neural biology, including components of the brain's immune system.
AI & Machine LearningBiotechDeep Tech
Calliditas develops novel therapeutics for orphan indications, with an initial focus on renal and hepatic rare diseases.
BiotechHealthtech
Co-investorsSofinnova PartnersKreos Capital
Cascade Drives develops electric power steering (TruEPS) and linear electric actuators for commercial and heavy-duty electric vehicles, marine loading arms, and industrial applications.
CleantechHardwareMobility & Transportation
Co-investorsTechFounders
CellaVision develops digital hematology microscopy solutions—including analyzers, instruments, reagents, and software—that automate cell morphology workflows in hematology laboratories for human and animal blood and body fluid samples.
AI & Machine LearningHealthtechMedical DevicesLund, SE
Crosser is a low-code real-time integration and stream analytics platform for building and deploying event-driven data pipelines across edge, on-premise, and cloud environments.
Data & InfrastructureIoTSaaS
Co-investors42CAPSpintop VenturesAlmi InvestNorrlandsfonden
DbVisualizer is a universal database client and SQL tool that connects to a wide range of relational and non-relational databases, offering an advanced SQL editor, data visualization, inline editing, exporting, Git version control, and an integrated AI assistant.
Data & InfrastructureDeveloper ToolsSaaS
Co-investorsFairpoint Capital
DPOrganizer, now part of DataGuard, provides a SaaS platform for data privacy management that maps data subject categories, assets, and processes and maintains RoPA (Records of Processing Activities).
CybersecurityLegalTechSaaS
Echandia develops maritime battery systems for heavy-duty applications, offering ultra-fast charging, long cycle life, and support for hybrid and fully electric propulsion.
CleantechEnergyMobility & Transportation
Co-investorsCourse Corrected VC Holding IIS2G InvestmentsEnergy & Environment Investment
Elypta develops a metabolism-based liquid biopsy that measures the GAGome, a set of biomarkers of tumor metabolism, and applies machine learning to noninvasively detect cancer signatures.
AI & Machine LearningBiotechMedical Devices
Co-investorsBonnier CapitalChalmers Ventures ABNavigare VenturesNina CapitalNorrsken VCSciety
EnginZyme develops a patented enzyme immobilisation technology to create stable, bespoke biocatalysts for use in multi-step enzymatic reactions.
BiotechCleantechNew Materials
Co-investorsNavigare VenturesSofinnova Partners
Envirotainer provides temperature-controlled cold chain container solutions for transporting pharmaceuticals, serving pharmaceutical companies and logistics partners across the global supply chain.
BiotechHardwareLogistics & Supply Chain
Co-investorsCinven
Fibbl operates a 3D and AR platform that creates true-to-life 3D product models from physical samples and delivers interactive 3D viewers, virtual try-on, AR, and rendered product content for ecommerce, marketing, and B2B sales channels.
E-commerceRetail TechSaaS
Henrik Arlestig(CEO)
Personalized hair, scalp, and skin care designed and refined over time by your own chemist.
Co-investorsAcorn Pacific VenturesAllied Venture PartnersJapan AngelsJ12 Ventures
Freemelt develops industrial metal 3D printers using Electron Beam Powder Bed Fusion (E-PBF) technology for serial production of metal components from materials like tungsten, titanium, and copper.
Advanced ManufacturingDeep TechHardware
Funnel is a marketing data platform that connects to 600+ advertising, analytics, and sales sources to centralize, clean, and govern marketing data for delivery to warehouses, BI tools, and AI/agentic workflows.
Data & InfrastructureMarketing TechSaaS
Co-investorsBalderton CapitalF-Prime CapitalNavisionGroupOxxTrinity VenturesCamber Creek+1 more
Gårdsfisk raises fish on Swedish farms in a near-closed-loop system where fish waste fertilizes crops grown on the adjacent fields, aiming to reduce overfishing and eutrophication.
AgTechCircular EconomyFoodTech
Gesynta Pharma develops pharmaceutical treatments for inflammation and pain by selectively inhibiting the enzyme mPGES-1.
BiotechDigital HealthFemTechStockholm, SE
Patric Stenberg(Founder)Gunilla Ekström(Founder)in
Co-investorsAmboy Street VenturesCatalyze CapitalForeground CapitalHadean VenturesHealthCapXGEN Venture
Guard Therapeutics International is a biopharmaceutical company developing treatments for kidney disease, including its lead drug candidate RMC-035 and its GTX peptide platform.
BiotechHealthtech
Tobias Agervald(CEO)
Hopsworks provides an AI Lakehouse platform that integrates data science, data engineering, and machine learning into a unified environment for building and deploying AI models.
AI & Machine LearningData & InfrastructureSaaSPalo Alto, US
Co-investorsFrontline VenturesVendep Capital
HVR Cardio develops the CathHELIX transcatheter mitral valve repair system, a device that reduces the mitral annulus and deploys a self-securing ring to reshape the annulus and restore native leaflet function.
HardwareHealthtechMedical Devices
Co-investorsInnovestor
Inriver provides a Product Information Management (PIM) platform for brands, manufacturers, and retailers to manage and optimize product data across omnichannel commerce.
AI & Machine LearningE-commerceEnterprise SoftwareSaaS
Roland Persson(Founder)in
Co-investorsGolub Growth
Provider of silicon carbide substrates for the semiconductor industry with superior cost and quality.
Kisab Semi produces 8-inch, Basal Plane Dislocation (BPD)-free n-type silicon carbide (SiC) substrates for the semiconductor industry.
HardwareNew MaterialsSemiconductors
Co-investorsFairpoint Capital
Limina provides a cloud-based Investment Management Solution (IMS) that combines portfolio management, order management, compliance, risk analysis, performance attribution, investment operations, and data management workflows in one platform.
Enterprise SoftwareFintechSaaS
Co-investorsGoose Valley Ventures
Melt&Marble uses precision fermentation, microbial metabolic engineering, and synthetic biology to produce fats and ingredients aimed at creating more sustainable food products.
BiotechClimate TechConsumerFoodTechNew MaterialsGothenburg, SE
Anastasia Krivoruchko(Co-founder & CEO)inFlorian David(Co-founder & CSO)inJens Nielsen(Co-founder & Chairman of the Board)inThomas Cresswell(Chief Business Officer)inTue Holdal(Chief Technology Officer)in
Co-investorsBeiersdorf Innovation FundCatalyze CapitalChalmers Ventures ABLever VCNordic Foodtech VC
Meniga provides a hyper-personalised banking platform that turns transaction data into AI-driven insights, notifications, and personalised experiences for banks and financial institutions.
AI & Machine LearningFintechSaaS
Piotr Tybura(Chief Technology Officer)
Co-investorsAnthemis VentureBootstrap EuropeVelocity Fintech VenturesFrumtak Ventures
Micvac provides an in-package microwave cooking and pasteurization method for ready meal manufacturers, extending shelf life to 45+ days without overprocessing while reducing labor, water, and energy use.
Advanced ManufacturingCleantechFoodTech
Co-investorsChalmers Ventures AB
MinervaX is a clinical-stage biotech company developing a prophylactic vaccine against Group B Streptococcus, with a lead candidate (AlpN GBS) in clinical trials for use in pregnancy and older adults.
BiotechHealthtech
Co-investorsAdjuvant CapitalLU InnovationOrbiMedPureos BioventuresSanofi VenturesSunstone Capital+2 more
Movimento provides flash and reflash services for automotive electronic control units, including preproduction, in-plant, and emergency on-site reflash support, along with hardware such as its PUMA handheld devices and in-plant flash stations.
Advanced ManufacturingHardwareMobility & Transportation
Chad Kirchoff(General Manager)
Nodica Group is a family of brands that designs and manufactures application-independent power systems and key sub-systems for particle accelerators.
Deep TechHardwareMedical Devices
Novatron Fusion is developing a fusion energy reactor called NOVATRON, using a magnetic field design and triple-force plugging technology aimed at achieving stable magnetic confinement.
CleantechDeep TechEnergy
Jan Jäderberg
Co-investorsAxon Partners Group
Co-investorsSunstone Capital
Oatly makes oat-based food and drink products, including oat drinks, chilled oat drinks, cooking products, and oatgurt.
Climate TechConsumerFoodTech
Rickard Öste(Founder)Björn Öste(Founder)
Co-investorsCoefficient CapitalDynabrand VenturesFELIX CAPITALK2 GlobalOyster Bay Venture CapitalUnovis Asset Management+3 more
Oncopeptides develops cancer therapies based on proprietary Peptide Drug Conjugate (PDC) and SPiKE technology platforms, targeting rare hematological diseases such as multiple myeloma.
BiotechHealthtech
Co-investorsHealthCap
Open Payments is an API aggregator that connects financial institutions and businesses to multiple banks through a single unified API, supporting account information retrieval and payment initiation under the PSD2 directive.
Data & InfrastructureEnterprise SoftwareFintechStockholm, SE
Co-investorsGlobal BrainGoose Valley VenturesLuminar VenturesAlfvén & Didrikson
Photon Sports offers a mobile athlete-tracking system that uses patented 3D, 60Hz data capture and synchronized high-frame-rate video to measure acceleration, deceleration, change of direction, and movement quality on any surface.
AI & Machine LearningHardwareSports Tech
Pixelgen Technologies develops the Proxiome Kit, powered by its patented Proximity Network Assay, to analyze the spatial organization, abundance, and colocalization of proteins on the surface of single immune cells at nanoscale resolution.
BiotechDeep TechHardware
Co-investorsNavigare Ventures
Purpose Pharma is a European pharmaceutical company that develops and commercializes products for rare diseases and specialty care in areas of high unmet medical need.
BiotechHealthtechStockholm, SE
Co-investorsEIR Ventures
Qlik provides a data integration and analytics platform, including an agentic AI framework, that helps enterprises turn their data into insights and actions for business decisions.
AI & Machine LearningData & InfrastructureEnterprise Software
Co-investorsJerusalem Venture Partners (JVP)Lighthouse Network Ventures LlcThoma Bravo
Realforce is a SaaS platform for real estate marketing that connects providers, consumers, and suppliers to automate and scale digital advertising for property listings.
Marketing TechPropTechSaaS
Retein develops a patented molecular separation technology, based on bio-inspired stabilized channel proteins, to recover high-purity resources such as clean water and lithium from water sources.
CleantechDeep TechNew Materials
Co-investorsButterfly VenturesNavigare Ventures
SaltX Technology develops electric calcination and carbon capture technologies, including its Electric Arc Calciner (EAC), to electrify heavy industries such as cement and quicklime production and eliminate their fossil fuel and process CO2 emissions.
CleantechClimate TechEnergy
Senseworks offers cloud-based software for financial auditors and accountants, including an analysis tool for general ledger review and an audit module that automates parts of the audit process using a quality-assured ISA/ISA LCE methodology.
AI & Machine LearningFintechSaaS
Co-investorsCuritas Ventures
Co-investorsBalderton CapitalBY Venture PartnersFuel Venture CapitalNorthzoneTitan Capital Partners
Telness Tech provides Seamless OS, a cloud-native BSS/operations platform for mobile operators that automates operations, manages billing and subscriber lifecycles, and integrates AI agents.
AI & Machine LearningEnterprise SoftwareSaaS
ToxoTech is a biopharmaceutical company developing therapies for neurological disorders.
BiotechHealthtech
Trackpaw develops hands-free, non-invasive monitoring systems that continuously track health parameters such as weight, activity, and respiration of research mice in group-housed settings.
BiotechHardwareIoT
Co-investorsLU InnovationAlmi Invest
Trialbee provides a patient recruitment platform (Honey) that uses AI, behavioral insights, and real-time eligibility checks to reach, pre-screen, and refer trial-ready patients for clinical trials.
AI & Machine LearningDigital HealthHealthtech
Matt Walz(CEO)Martin Kilsgard(Head of Product)
Co-investorsVarsity Healthcare Partners
Tribune Therapeutics is a preclinical biopharmaceutical company developing medicines that target CCN protein family signaling (such as CCN2/CTGF) to block fibrotic pathways.
BiotechHealthtech
Ole Kaasbøll(Co-founder)
Co-investorsHealthCapLifeArc VenturesInvestinorNovo Holdings
TrusTrace offers an AI-powered SaaS platform for supply chain traceability, risk, and compliance management, letting companies track suppliers, materials, and certifications and collect primary data from the value chain.
AI & Machine LearningLogistics & Supply ChainSaaS
Co-investorsFairpoint Capital
Supply chain traceability platform that standardizes and digitalizes material data capture and sharing for brands.
Viking Analytics builds MultiViz, an AI-powered vibration analysis platform that uses unsupervised machine learning to detect early machine faults and prioritize maintenance alerts for reliability and maintenance teams.
Advanced ManufacturingAI & Machine LearningIoTGöteborg, SE
Rajet Krishnan(Founder)
Co-investorsFairpoint CapitalFinindusABB Technology Ventures
Yangi produces complete dry-formed paper fiber machine lines and offers prototyping, lab services, and an industrial demo platform for packaging producers seeking plastic-free, fiber-based packaging.
Advanced ManufacturingCircular EconomyNew Materials
ZalVac develops vaccines designed to produce broad immunity against multiple strains of bacteria.
BiotechHealthtech
Technology that delivers up to 50% higher performance per watt by optimizing information processing in microchips.
Co-investorsChalmers Ventures ABMatterwave Ventures
ZeroPoint develops hardware compression IP that compresses and decompresses data in silicon across the memory and storage hierarchy, reducing the memory bandwidth bottleneck for AI accelerators, CPUs, and networking SoCs.
AI & Machine LearningDeep TechSemiconductors
Co-investorsMatterwave Ventures
Zymego provides an automated appointment management system for healthcare providers that fills cancelled slots by notifying waiting patients and rebooking them within 90 seconds, integrating with EHR systems to reduce wait times, no-shows, and booking admin.
Digital HealthHealthtechSaaS
Co-investorsSpintop Ventures
Portfolio news
latest coverage across their companiesPixelgen · prnewswire.com · Aug 20, 2026

Oatly · greenqueen.com.hk · Aug 19, 2026

Funnel · hotair.com · Aug 19, 2026
Freemelt · tradingview.com · Jul 2, 2026
Envirotainer · finance.yahoo.com · Jun 14, 2026
Guard Therapeutics · morningstar.com · May 7, 2026
Frequently asked questions
- How many investments has Industrifonden made?
- Industrifonden has 93 tracked investments, including 6 dated in the last 24 months.
- What stage does Industrifonden invest at?
- Industrifonden invests at the Pre-Seed, Seed, Series A stages.
- What is Industrifonden's typical check size?
- Industrifonden typically writes checks of $1.1M – $4.3M.
- What sectors does Industrifonden focus on?
- Industrifonden focuses on Advanced Manufacturing, Biotech, Cleantech, Climate Tech, Deep Tech, Defense Tech, Energy, Enterprise Software, FemTech, Healthtech, IoT, Medical Devices, Mobility & Transportation, New Materials, SaaS, Semiconductors.
- Where is Industrifonden located?
- Industrifonden is headquartered in Stockholm, SE.
- Who does Industrifonden co-invest with?
- Industrifonden most often shares deals with Navigare Ventures, Fairpoint Capital, Chalmers Ventures AB, among 79 tracked co-investors.
Media · Podcasts & interviews
featuring the teamPeter Wolpert, vd Industrifonden, om deeptech m.m.
Realtid Redaktionen · Peter Wolpert
Images
Similar investors
Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
Qbic is an inter-university venture capital fund that turns technological breakthroughs from its partner universities, research institutes and hospitals into sustainable businesses.
Norrsken VC is a European early-stage venture capital firm investing in technology addressing major global challenges across energy, industry and healthcare, born out of the Norrsken ecosystem for impact-focused founders.
Vesna is a deep-tech venture fund, described as the first Slovenian-Croatian deep tech fund, backed by the European Investment Fund, investing in early-stage technologies spun out of Slovenian and Croatian R&D institutions.












































































