Stockholm · Pre-Seed–Seed · 6 people tracked
Investment thesis
Luminar Ventures positions itself as one of the most active seed-stage funds in the Nordics, investing at pre-seed and seed stages with tickets from €500k to €2.5m (sweet spot €1-2m) on a generalist, sector-agnostic basis. Beyond capital, the team draws on its experience as former founders and angel investors to help portfolio companies find and execute product-market fit, make key early hires, land first products and customers, drive rapid growth, and prepare for international expansion toward global scale.
Source: firm website, verified Aug 17, 2026.
Team · 6 people
from the firm's websiteWhat they invest in
from 26 of 43 portfolio companiesAI & Machine Learning ×8SaaS ×8Healthtech ×5Consumer ×4Cleantech ×3Digital Health ×3Fintech ×3InsurTech ×3
HQs:Sweden×11Denmark×1Norway×1
Investments · 43 tracked
founders shown can be your intro pathAviant operates autonomous drone logistics services in Scandinavia, transporting medical items such as blood, COVID, water, and milk samples as well as windmill farm equipment for healthcare and industrial customers.
HardwareHealthtechLogistics & Supply ChainRoboticsTrondheim, NO
Lars Erik
Co-investorsBring VenturesGENIUS NYInnovation Norway
Fika Jobs runs video conversations with an AI agent to build a candidate profile that goes beyond a CV, then matches job seekers with companies based on salary, culture, and other parameters.
AI & Machine LearningHR TechMarketplaces
Co-investorsAlliance VCAlliance VentureWave Ventures
Berget AI provides sovereign AI infrastructure hosted on Swedish data centers, offering serverless and dedicated inference for open large language models via an OpenAI-compatible API.
AI & Machine LearningCloud ComputingDeveloper Tools
Co-investorsWellstreet
Corsmed develops an MRI simulator that generates physics-based images replicating real scanner output as users adjust parameters such as sequence, hardware, anatomy, and pathology, aimed at MRI education and training for students, radiographers, and healthcare practitioners.
EdTechHealthtechMedical Devices
Co-investorsBig Pi VenturesLU Innovation
DeckMatch (AlphaLens) provides a deal-flow platform for venture investors that ingests pitch decks and documents from email, web forms, uploads, a Chrome extension, or API and uses vision LLM technology to parse them into structured company records.
Co-investorsAlliance VCAlliance VentureFirst Degree CapitalSkyfall Ventures
Greenely offers a platform that lets households control, optimize, and reduce their electricity costs while earning from their energy automatically.
CleantechConsumerEnergyIoTSaaSSweden, SE
Co-investorsBackstage ABbyFounders
Health Integrator operates a digital health platform combining health coaching with a marketplace of wellness services.
Digital HealthHealthtechMarketplacesWellness & FitnessStockholm, SE
Fredrik Söder(CEO & Founder)
Co-investorsJ12 VenturesLeksell Social Ventures
Heja is a team management app that lets coaches and sports teams schedule practices, games and activities, track player availability, and handle team messaging and carpool organization in one place.
ConsumerSaaSSports Tech
Co-investorsBonnier CapitalPeakInbox CapitalMax Ventures
Hiberworld was a platform for creating and sharing multiplayer online worlds and games.
ConsumerCreator EconomyGaming
Co-investorsGFR FundDreamcraftEQT VenturesKonvoy Ventures
Hypertype provides AI agents that handle repetitive customer support tasks by drawing on a company's own data, integrating with CRMs, helpdesk systems, and internal tools.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsButterfly Ventures
Insurello helps people claim insurance compensation for personal injuries and accidents by managing claims on their behalf, taking no fee if the claim is unsuccessful.
InsurTechLegalTechStockholm, SE
Co-investorsInventureWave VenturesSchibsted Growth
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-investorsCNIInsight PartnersOpera Tech VenturesAlfvén & DidriksonAmpli VenturesNeptunia Invest
IntuiCell develops software based on how living organisms learn instinctively, aiming to replicate natural intelligence rather than relying on data sets and training.
AI & Machine LearningDeep TechRobotics
Co-investorsFSGLeksell Social VenturesMist VenturesNavigare VenturesSNÖ Ventures
IPercept provides condition monitoring and predictive maintenance for CNC machines, collecting motion and vibration data via a smart device on the machine's kinematic chain to detect developing faults in components like axes, spindles, and joints.
Advanced ManufacturingAI & Machine LearningDeep TechIoT
Karoly SzipkaAndreas Archenti(Professor)
Co-investorsBackstage ABJ12 VenturesRunwayFBUAI Fund
ReCarber develops and commercializes engineered carbon removal projects, focusing on BECCS (Bio Energy with Carbon Capture and Storage) from biogenic emitters, and operates a platform matching emitters with buyers of carbon removal credits (CDRs).
B2B MarketplacesCleantechClimate TechStockholm, SE
Co-investorsCourse Corrected VC Holding IISpintop Ventures
Lightbringer is a full-service patent management provider that combines AI agents with licensed patent attorneys to draft, file, and prosecute patents, including office action management and portfolio maintenance.
AI & Machine LearningLegalTechSaaS
Co-investorsAlliance VCAlliance VentureInception FundNewion6 Degrees Capital
Mindler provides digital mental health care, offering online psychological treatment through a network of clinicians serving patients across multiple countries.
Digital HealthHealthtechMental Health
Erica Larson(Chief Executive Officer)Matilda Wernérus(Chief Financial Officer)Victoria Trepp(Chief Psychologist Officer)Daisy Chao(Chief Commercial Officer)Tord Svensson(Chief Technology Officer)
Co-investorsCNISchibsted GrowthVentech
Motorica offers tools for controlling character root motion and locomotion animation, letting developers create animations that match their gameplay systems and export them to engines like Unreal.
AI & Machine LearningDeveloper ToolsGaming
Co-investorsAngular Ventures
Normative provides a carbon accounting platform that automates data ingestion with AI-driven categorization to calculate Scope 1, 2, and 3 emissions built to GHG Protocol standards and independently verified.
AI & Machine LearningClimate TechSaaS
Adam Wamai Egesa(Founder)in
Co-investorsbyFoundersCarbonHAWKTAILHorizons VenturesWave Ventures
Omocom is a Swedish insurance company that provides embedded insurance solutions for the sharing economy, enabling platforms to offer protection to users when renting, sharing, or borrowing vehicles, properties, and goods across Europe.
B2B MarketplacesCircular EconomyInsurTechStockholm, SE
Co-investorsMundi VenturesMustard Seed Maze
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 VenturesIndustrifondenAlfvén & Didrikson
Petbuddy Group is a Stockholm-based holding company that builds and operates a portfolio of pet food and pet care brands, offering natural nutrition, supplements, and pet care products for dogs and cats.
ConsumerDirect to ConsumerWellness & FitnessStockholm, SE
Alexander Retzlik(Co-Founder)
Photoncycle develops energy technology for powering homes, currently being piloted with Norway's largest house builder and planned for large-scale manufacturing starting in 2027.
CleantechEnergyHardware
Bjorn Brandtzaeg(Founder and CEO)in
Co-investorsEviny VenturesLifeline VenturesMomentumNordicNinjaVoima Ventures
Vibrant is a fintech company working on payment solutions, including in-store payment technology.
E-commerceFintechRetail TechSaaS
Kasper Enggaard Krog(CEO & Co-Founder)Anders Kaels Malmos(CTO & Co-Founder)Kåre Brøgger Sørensen(Chairman, CPO & Co-Founder)
Co-investorsCiti VenturesDay One Ventures
xNomad operates an online platform for booking short-term retail and pop-up store spaces, letting brands reserve locations for days up to a year across cities including NYC, LA, and Miami.
MarketplacesPropTechRetail Tech
Co-investorsGroundBreak Ventures
Yazen offers a weight-loss programme that combines medical treatments, including weight-loss medication, with personalised support from doctors, coaches, psychologists, dietitians, and personal trainers.
Digital HealthHealthtechWellness & Fitness
Co-investorsEvli Growth PartnersAlmaz Capital
Portfolio news
latest coverage across their companies
Lightbringer · legaltechnology.com · Aug 14, 2026
Normative · business-standard.com · May 24, 2026
Heja · help.heja.io · Apr 8, 2026
IPercept · arcticstartup.com · Feb 11, 2026
Vibrant · finsmes.com · Jan 12, 2026
Motorica · cartoonbrew.com · Jun 26, 2025
Frequently asked questions
- How many investments has Luminar Ventures made?
- Luminar Ventures has 41 tracked investments, including 1 dated in the last 24 months.
- What stage does Luminar Ventures invest at?
- Luminar Ventures invests at the Pre-Seed, Seed stages.
- What is Luminar Ventures's typical check size?
- Luminar Ventures typically writes checks of $550K – $2.8M.
- What sectors does Luminar Ventures focus on?
- Luminar Ventures focuses on Sector Agnostic.
- Where is Luminar Ventures located?
- Luminar Ventures is headquartered in Stockholm, SE.
- Does Luminar Ventures lead rounds?
- Yes, Luminar Ventures leads investment rounds.
- Who does Luminar Ventures co-invest with?
- Luminar Ventures most often shares deals with Alliance VC, Alliance Venture, CNI, among 40 tracked co-investors.
Images
Co-investors · 6
byFounders is an early-stage venture capital firm investing in the Nordic region. The firm focuses on founders building globally competitive companies with positive social or environmental impact.
EQT Ventures is the venture capital arm within the EQT platform, backing early-stage European founders building what it calls Generation-Defining Companies.
AI Fund is a venture studio founded by Andrew Ng that co-founds AI companies with entrepreneurs, venture funds, and corporate partners, taking ventures from idea to funded startup in about three months.
Inventure is a generalist early-stage venture capital firm investing primarily across the Nordics and Baltics, having backed over 100 companies since 2005.
Foobar is the investment company of Icelandic entrepreneur David Helgason that focuses on supporting startups and investing in technology to accelerate global decarbonization and sustainability efforts.
Crowberry Capital is a Nordic venture capital firm with offices in Reykjavik, Copenhagen and Stockholm that invests in seed and early-stage startups across the Nordics.
Firms observed investing alongside Luminar Ventures, from public investor directories. Shared companies are the overlap with Luminar Ventures's recorded portfolio.
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