Fundraising Fox

Industrifonden

Venture capital

Stockholm · Pre-Seed–Series A · 35 people tracked

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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.

Stage
Pre-Seed–Series A
Check
$1.1M – $4.3M
HQ
Stockholm, SE
Instruments
Equity
Founded
1979
Last 12 months
1 investment
AUM
$440M
Tracked investments
96

Team · 35 people

from the firm's website & public directories

What they invest in

from 77 of 96 portfolio companies

Biotech ×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 companies
62%
solo founders
8 of 13 mapped founding teams

Founding team size:solo founder×82 founders×23 founders×14+ founders×2

Investments · 96 tracked

founders shown can be your intro path

By year:2025 · 52024 · 12023 · 52022 · 112 dated

BOOST Pharmaboostpharma.comin✓ verified

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

Cellevatecellevate.cominMay 2025✓ verified

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

Seapatternseapattern.comin✓ verified

SeaPattern is a Swedish hydropower startup developing floating turbines, with pre-series units manufactured through a collaboration with Actemium (VINCI Energies).

CleantechClimate TechEnergyStockholm, SE

Shard Secureshardsecure.comin𝕏✓ verified

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 Trophicsteiturtrophics.cominMar 2023✓ verified

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

Nuvoairnuvoair.comin𝕏Jan 2022

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

Accedoaccedo.tv
Adamantqadamantq.comin

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

Adfenixadfenix.comin

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

Agteriaagteria.comin
Airsonettairsonett.euin

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

Alixlabsalixlabs.comin𝕏

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

AnaCardioanacardio.com

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

Apicaapica.ioin𝕏

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

ArcamAcquired

British hi-fi and home cinema electronics maker A&R Cambridge (Arcam), owned by Harman International, a Samsung subsidiary.

Co-investorsElevate VenturesSkagerak Capital

Arevoarevo.sein

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 Therapeuticsasgardthx.comin𝕏

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

Avassaavassa.ioOct 2024

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

Avidicareavidicare.comin

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

Bioinventbioinvent.com
Bonesupport ABbonesupport.comin

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

Brainzellbrainzell.comin

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

Calliditascalliditas.sein𝕏

Calliditas develops novel therapeutics for orphan indications, with an initial focus on renal and hepatic rare diseases.

BiotechHealthtech

Co-investorsSofinnova PartnersKreos Capital

Carmel Pharma
Carmelpharmausacarmelpharmausa.com
Cascade Drivescascadedrives.com

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

Cellavisioncellavision.comin

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

Crossercrosser.ioin𝕏Acquired

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

Dbvisdbvis.comin𝕏

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

Digipdigip.comin

Digip is a trademark and IP management platform combined with in-house legal attorneys that files, prosecutes, renews, and monitors trademarks and domains across 100+ jurisdictions.

B2B MarketplacesLegalTechSaaS

Jimmy Hörström(Founder)in

Co-investorsAntler

Dporganizerdporganizer.comin

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

Ebuilderebuilder.comin

eBuilder provides enterprise SaaS services in business process automation, information security, and predictive analytics.

CybersecurityEnterprise SoftwareSaaS

Echandiaechandia.sein

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

Elyptaelypta.comin𝕏

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

Enginzymeenginzyme.comin

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

Envirotainerenvirotainer.comin

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

Exeriexeri.sein

Exeri provides a turnkey monitoring system for overhead power grids that helps utilities and grid owners identify, locate, and prevent outages.

CleantechEnergyIoT

Fast Travel Gamesfasttravelgames.comin𝕏
Fibblfibbl.cominSep 2023

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)

Fishbrainfishbrain.comin𝕏

Fishbrain is a mobile app for anglers that provides catch location data, depth charts, AI-powered fishing spot prediction, weather intel, bait recommendations, and local fishing regulations.

AI & Machine LearningConsumerSocialSports Tech

Footwayfootway.comAug 2023

Footway operates e-commerce infrastructure for brands and retailers, offering shared logistics, order fulfillment, returns, and multilingual customer support, plus dropshipping and a multi-brand marketplace.

E-commerceLogistics & Supply ChainRetail Tech

Co-investorsNorthzone

Formulateformulate.co

Personalized hair, scalp, and skin care designed and refined over time by your own chemist.

Co-investorsAcorn Pacific VenturesAllied Venture PartnersJapan AngelsJ12 Ventures

Freemeltfreemelt.com

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

Funnelfunnel.ioin𝕏

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

Gardsfiskgardsfisk.se

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

Gårdsfisk
Gesynta Pharmagesynta.sein

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 Therapeuticsguardtherapeutics.comin𝕏

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)

Hopsworkshopsworks.aiin𝕏

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 Cardiohvrcardio.comin

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

inRiverinriver.comin

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

KISAB

Provider of silicon carbide substrates for the semiconductor industry with superior cost and quality.

Kisabsemikisabsemi.com

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

Liminalimina.comin

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&Marblemeltandmarble.comin

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

Menigameniga.comin𝕏

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

Meninga
Micvacmicvac.comin

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

MinervaXminervax.cominOct 2023

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

Portfolio news

latest coverage across their companies

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 team

Peter Wolpert, vd Industrifonden, om deeptech m.m.

Realtid Redaktionen · Peter Wolpert

Images

Industrifonden photoIndustrifonden photoIndustrifonden photoIndustrifonden photoIndustrifonden photoIndustrifonden photo

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