Fundraising Fox
Stockholm · Pre-Seed–Seed · 6 people tracked
Also known as Luminar
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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 website
Founder mafia
2 people who came through Luminar Ventures went on to found or lead other companies.
What they invest in
from 36 of 50 portfolio companiesAI & Machine Learning ×12SaaS ×10Consumer ×6Healthtech ×6Cleantech ×5Enterprise Software ×5Fintech ×5Data & Infrastructure ×4
HQs:Sweden×19Denmark×1Netherlands×1Norway×1Russia×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×102 founders×23 founders×34+ founders×1
Where their founders studiedfrom 18 founders with education data
The Faculty of Engineering at Lund University ×6KTH Royal Institute of Technology ×3Linköping University ×2Massachusetts Institute of Technology ×2Technical University of Munich ×2Uppsala University ×2
What their founders studiedfrom 20 founders with field-of-study data
Engineering ×11Computer Science ×5Business & Management ×3Economics ×2Mathematics & Statistics ×2
Where their founders worked beforefrom 22 founders with career history
Clearhaus ×2Ey ×2Lix Technologies ×2
2 founders hold a PhD (of 20 with degree data)
Investments · 50 tracked
founders shown can be your intro pathBy year:2026 · 42025 · 52024 · 22023 · 32022 · 32021 · 42020 · 22018 · 124 dated
Aviant 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 Erikin
Co-investorsBring VenturesGENIUS NYInnovation Norway
Fika is a talent marketplace platform that connects workers with job opportunities designed to improve workplace satisfaction and engagement.
AI & Machine LearningB2B MarketplacesFuture of WorkHR TechMarketplacesSweden, SE
Co-investorsAlliance VCWave VenturesAlliance Venture
Berget AI provides sovereign, open-source AI infrastructure and platforms for organizations to build and deploy their own AI models in compliance with EU regulations, addressing barriers such as GPU capital requirements, regulatory complexity, and lack of local language model access.
AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSweden, SE
Christian Landgren(Co-founder & CPTO)inAndreas Lundmark(Co-founder & CEO)in
Co-investorsSupermarketWellstreet
Buddy Pet Foods produces natural, grain-free dog food made with high-quality meat, vegetables, and superfoods, developed with veterinarians for dogs of all sizes and life stages.
ConsumerDirect to ConsumerE-commerceFoodTech
Co-investorsInsta Ventures
CodeScene is a software intelligence tool that combines code analysis with behavioral insights to help engineering teams identify and prioritize technical debt by organizational and business impact.
AI & Machine LearningDeveloper ToolsSaaS
Adam Tornhill(Founder)in
Corsmed develops software-based MRI technology aimed at improving access to preventive health imaging.
EdTechHealthtechMedical Devices
Erik Jacobsson(Founder)in
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
Fika designs, evaluates, and scales rural trail and transport infrastructure programs — such as bridge construction and AI-based transport planning — to improve connectivity for isolated rural communities.
Construction TechGovTechImpact & Social GoodMobility & Transportation
Co-investorsAutodesk FoundationAlliance VC
FirstQFM develops proprietary foundation models for quantum computing, aiming to improve the scaling and performance needed to derive business and scientific value from quantum systems.
AI & Machine LearningDeep TechQuantum ComputingStockholm, SE
Vish Ramakrishnan(Chief Executive Officer)
Co-investorsBSV VenturesAlmi Invest
Greenely offers a Swedish electricity contract and app that connects home energy devices — solar panels, EV chargers, heat pumps and home batteries — to track electricity use in real time and automatically shift consumption to the cheapest hours.
CleantechConsumerEnergyIoTSaaSSweden, SE
Fredrik Hagblom(Founder)in
Co-investorsBackstage ABbyFoundersKorys
Health Integrator operates a digital health platform combining health coaching with a marketplace of wellness services.
Digital HealthHealthtechMarketplacesWellness & FitnessStockholm, SE
Fredrik Söder(CEO & Founder)in
Co-investorsJ12 VenturesLeksell Social Ventures
Heja builds a platform for youth sports teams to organize and manage their operations, serving coaches, families, and players globally.
ConsumerFuture of WorkSaaSSports Tech
Co-investorsBonnier CapitalPeakBonnier VenturesCapital-AInbox CapitalMax Ventures
Hiber provides end-to-end satellite IoT remote monitoring systems (HiberHilo) for upstream oil and gas operators, enabling energy teams to digitize operations, monitor off-grid assets, and reduce emissions and maintenance trips.
CleantechEnergyHardwareIoTAmsterdam, NL
Co-investorsElevate Innovation PartnersFinch CapitalEQT VenturesGFR FundKonvoy Ventures
Hiberworld was a platform for creating and sharing multiplayer online worlds and games.
ConsumerCreator EconomyGaming
Co-investorsGFR FundHartenlust GroupDreamcraftEQT VenturesKonvoy Ventures
Hypertype is an AI-powered tool that integrates into email workflows to help support and engineering teams quickly respond to tickets with context-aware answers by accessing historical documentation and emails without leaving their inbox.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareSaaSStockholm, SE
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-investorsInventureInventureWave 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
Intui develops AI software designed to replicate biological learning and reasoning, enabling systems to understand environments and learn through natural instinct rather than synthetic datasets.
AI & Machine LearningDeep TechRoboticsStockholm, SE
Co-investorsFSGLeksell Social VenturesLU InnovationMist 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 SzipkainAndreas Archenti(Professor)in
Co-investorsBackstage ABJ12 VenturesRunwayFBUAI Fund
ReCarber structures and finances carbon removal projects by securing offtake agreements for carbon credits and organizing project financing through special purpose vehicles (SPVs), enabling point emitters such as energy and industrial plants to undertake carbon capture initiatives.
B2B MarketplacesCleantechClimate TechFintechStockholm, SE
Co-investorsCourse Corrected VC Holding IISpintop Ventures
Lightbringer is a SOC 2 Type 2 compliant service provider that describes its data security and privacy practices, including encryption, access controls, and monitoring for customer data.
AI & Machine LearningCybersecurityLegalTechSaaS
Dominic Davies(Founder)inMarkus Andreasson(Founder)inOla Wassvik(Founder)in
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)inMatilda Wernérus(Chief Financial Officer)inVictoria Trepp(Chief Psychologist Officer)inDaisy Chao(Chief Commercial Officer)inTord Svensson(Chief Technology Officer)in
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
Simon Alexanderson(Founder)in
Co-investorsAngular Ventures
Motorica (Моторика) develops bionic prosthetic arms and legs and other rehabilitation devices, including neurostimulators (VNS/SCS/DBS), for children and adults with disabilities.
HardwareHealthtechMedical DevicesRobotics
Ilya Chekh(Founder)in
Co-investorsMoscow Venture Fund (formerly Moscow Seed Fund)Angular Ventures
Mynt provides a platform for managing company spending, combining corporate cards, expense management, and invoice handling with automated bookkeeping.
Enterprise SoftwareFintechSaaSStockholm, SE
Baltsar Sahlin(Founder)inJohan Max Obermayer(Founder)inMagnus Widerberg(CTO och medgrundare)Magnus Wideberg(Founder)
Co-investorsCNIIncore InvestInnovation Ulster
Normative offers science-based carbon removal and climate investment products to help companies compensate for emissions they cannot reduce and reach net zero.
AI & Machine LearningCleantechClimate TechSaaSStockholm, SE
Adam Wamai Egesa(Co-founder)inKristian Rönn(Co-founder)inRobin Undall-Behrend(Co-founder)
Co-investorsbyFoundersCarbonHAWKTAILHorizons VenturesWave VenturesBlume Equity+1 more
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-investorsInventureKickstart InnovationMSMMundi VenturesLightbird Ventures AGMustard Seed+1 more
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
Redpine provides AI developers and autonomous agents with access to licensed, high-quality multimodal data sourced from non-public content owners, who are compensated for opt-in AI use.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareStockholm, SE
Anders Hammarbäck(CEO, co-founder)inDavid Österdahl(CTPO, co-founder)in
Co-investorsF-Prime Capitalnode.vcNordicNinjaSupermarket
Rocky Road is building a social gaming network that connects gamers.
GamingSocial
Co-investorsCrowberry CapitalSisu Game Venturesfoobar.vcSisu Ventures
Starmony is a mobile-first music creation platform that turns a voice note, melody, lyric, or story prompt into an original song in minutes using AI-assisted tools.
AI & Machine LearningConsumerCreator EconomyStockholm, SE
Johan Lagerlöf(Founder)
Vibrant is a fintech company working on payment solutions, including in-store payment technology.
E-commerceFintechRetail TechSaaS
Kasper Enggaard Krog(CEO & Co-Founder)inAnders Kaels Malmos(CTO & Co-Founder)inKåre Brøgger Sørensen(Chairman, CPO & Co-Founder)in
Co-investorsbyFoundersCiti VenturesDay One VenturesGlobivest
xNomad connects brands and entrepreneurs with short-term retail spaces for temporary pop-up store experiences.
MarketplacesPropTechRetail Tech
Co-investorsAntlerGroundBreak 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 PartnersHelsana HealthInvest AGYabeoAlmaz Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CarlaIvyIvy InteractiveMuninnOpperPleyReCarberRockyRoadRUNVardenVården
Exits · 1
1 acquisitionsMuninnacq. by Logpoint
Portfolio news
latest coverage across their companiesFika Jobs · techcrunch.com · Jun 23, 2026
Lightbringer · techfundingnews.com · Jun 16, 2026
Redpine · thesaasnews.com · Apr 28, 2026
Heja · help.heja.io · Apr 8, 2026
Starmony · trysignalbase.com · Mar 25, 2026
Berget AI · finsmes.com · Feb 9, 2026
Frequently asked questions
- How many investments has Luminar Ventures made?
- Luminar Ventures has 50 tracked investments, 1 of which have exited, including 11 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 CNI, Alliance VC, byFounders, among 56 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.
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.
AI Fund is a venture studio founded by Andrew Ng that co-founds AI companies alongside entrepreneurs, venture funds, and corporate partners, taking startups from idea to funded company.
Crowberry Capital is a Nordic venture capital firm with offices in Reykjavík, Copenhagen and Stockholm that invests in seed and early-stage startups across the Nordic region.
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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