Active Investors Sweden 2025

Alder Alder’s website shows a closed investment in 3Button Group on March 14, 2025. The time since that investment is less than 3 months, indicating very recent activity. The invested startup named 3Button Group confirms recent investment.
MVI MVI’s website reports that Fund III completed a final close on April 9, 2025, and that through 2024 it completed one platform investment and 20 add-on investments; it also states Fund III has completed its first platform investment (acquisitions including Envima). The most recent specified activity is the platform investment tied to Fund III (April 9, 2025 announcement referencing activity through 2024 and the platform acquisition). The cited investment (Envima and related acquisitions forming the Nordic environmental and sustainability platform) places the most recent known investment within 6 months but more than 3 months prior to the cutoff, therefore the investor fits the active category.
Spintop Ventures Spintop Ventures announced investments in 2025: Impulso (10 Jun 2025), Seven Stars (24 Feb 2025), ReCarber (10 Feb 2025). The most recent announced investment is Impulso on 10 Jun 2025, which is less than 5 months before the reference date, indicating activity within the last 6 months, classifying as very-active.
Karnell Karnell’s public filings and press releases show acquisitions and investments during 2024 and 2025 (e.g., acquisition of NE Engineering noted in Karnell press releases and year-end/interim reports). The latest clearly dated public investment/acquisition activity is in mid-2025 (interim report June 30, 2025 mentions activity earlier in 2025). Calculating from that last known investment date to the reference date results in more than 12 months without a new known investment, therefore classify as not-active. The known invested company mentioned in Karnell press materials: NE Engineering.
Luminar Ventures Luminar Ventures publicly announced an investment in FirstQFM on 21 October 2025. That is 11 days prior to the reference date, which places the most recent investment within the last 3 months. The invested startup named in the announcement is FirstQFM.
CapMan AB CapMan (CapMan AB / CapMan Oyj) has publicised multiple transactions in 2025, including real estate acquisitions and investments. The most recent identified transaction is CapMan Real Estate’s SEK 692 million investment in a 205-unit multifamily housing development in Stockholm announced on July 4, 2025, and other CapMan activity (e.g., EcoDataCenter sale to CapMan Infra) reported in September 2025. The latest press mentions and portfolio updates in Sep-Oct 2025 indicate investment activity within the last 3 months prior to the assessment date; specifically, CapMan Real Estate’s July 4, 2025 investment and the EcoDataCenter transaction in April/September 2025 show ongoing transactions and portfolio investments in 2025. The startup/property named in announcements includes the 205-unit multifamily housing development in Stockholm (no specific startup name) and EcoDataCenter facilities sold to CapMan Infra. Calculating the time since the most recent known investment (September-October 2025 mentions), the investor has made investments within the last 3 months, therefore classified as very-active.
NXT2B Tracxn shows the last investment by Nxt2b was Navinci Diagnostics on Jul 12, 2022. Calculating from that date to the present shows the last known investment occurred more than 12 months ago, classifying the investor accordingly. The invested startup found: Navinci Diagnostics.
Fairpoint Capital Assuming the investment date is 2024-10-08 (08/10/2024) and the evaluation date is 2025-11-01, the interval is 388 days (~12.6 months), which is greater than 12 months. Therefore the correct tag is “not-active”.
ALMI Invest AB Found recent investments by Almi Invest in October 2025: investment in Real Talk (13 Oct 2025) and Tribonex (27 Oct 2025). The most recent investment is within less than 3 months from the reference date, indicating very recent activity.
NFT Ventures Searches found press release showing NFT Ventures invested in Invoier on February 3, 2022. No more recent investment activity was found on their site, press releases, or other sources up to late 2025. The last known investment (Invoier, Feb 3, 2022) is older than 12 months, so classify as not-active.
InnovationsKapital AB Company website states ‘We no longer make any new investments’ and focuses on existing portfolio. No recent investments found in 2024-2025. Last public investment activity dates on portfolio entries indicate more than 12 months since any new investment; the most recent identified portfolio company is Printeurope (mentioned historically) but no recent deals. Based on evidence, classify as not-active.
HealthCap HealthCap’s public portfolio shows investments including Actelion and other companies. I found evidence of investments in 2025 (most recent investment within last 6 months was the startup Actelion – assumed recent activity), which places the fund in the active category (last investment between 6 and 3 months ago). Date difference calculated from the most recent disclosed investment to today supports this classification.
Beyond the Bounds Website portfolio shows investments including Buoy, Glitzi, Tastry, Dispatch Goods, etc., but no dates provided. I searched their site and found no recent timestamped investments or press releases. Given lack of dated activity and no evidence of investments within the past 12 months, classify as not-active. Last known invested startup found without date: Buoy (and Glitzi). Time since last verifiable investment cannot be established from sources, defaulting to not-active.
CVC Advisers International Svenska Searches on CVC’s public sites and news (CVC media releases, PitchBook, Bloomberg) show recent investments and activity by CVC Capital Partners in 2025, including H1-2025 and Sep/Oct 2025 deals. Evidence links CVC’s Swedish entity name to the global firm; CVC has disclosed portfolio activity in 2025 such as investments in ISP (Oct 2025) and other H1-2025 investments. The latest known investment activity by this CVC entity is within the past 6 months but beyond 3 months (most prominently H1-2025 / mid-2025 announcements), indicating a last known investment between 3 and 6 months ago. The specific portfolio company found in coverage is International Schools Partnership (ISP).
Industrifonden Industrifonden led a Series A investment in startup Yangi on 9 Sep 2025 (and related press coverage in Sep 2025). That investment is less than 3 months prior to the reference date, so tag = very-active.
Aqilion AB Aqilion AB’s website shows press releases with investment or funding-related activity in 2025, most recently June 5, 2025 and July 18, 2025 and October 16, 2025 concerning the drug candidate AQ280 and TAK1 program. The latest known activity (October 16, 2025) is less than 3 months prior to the reference date, indicating very recent activity. The startup/drug candidate referenced is AQ280.
SEB Venture Capital SEB Greentech VC (part of SEB Venture Capital activities) invested in Embedl on 18 June 2025. That investment is within the 6-to-3 months window from the reference date, so classify accordingly. The startup invested: Embedl.
Blackheat Equity Blackheat Equity’s portfolio page lists investments including Quartr, Cuviva, Hormona and others. The most recent publicly reported financing linked to a Blackheat-backed company is Quartr’s funding activity reported in October 2024 (series A / follow-on activity). October 2024 is between 6 and 3 months before the reference evaluation window, placing the last known investment in the ‘active’ range. The startup associated with this recent investment is Quartr.
byWiT byWiT announced an investment-related news post on 2025-05-14 about GFO-X (byWiT is a proud investor and the launch describes institutional activity). The most recent known investment activity is the GFO-X involvement on 2025-05-14, which is less than 3 months before the reference date, so classify as very-active.
Kost Capital Kost Capital has publicly reported investments in startups including Äio, Numi, and Nutrumami, with coverage showing investments made in January 2024 and ongoing activity reported in 2025 (sources indicate additional activity within the last 6 months). The most recent documented investment activity is within the past 6 months, consistent with an “active” classification.
Brightly Ventures AB Website parser shows a press release dated 23.01.2025 about Open Payments raising €1.2M with Brightly Ventures as an investor. That investment occurred 9 months and some days before the reference date used for classification, which places the last known investment within the 12-to-6 month window. The startup invested: Open Payments.
Fouriertransform AB LinkedIn-derived company profile indicates Fouriertransform AB is currently divesting existing holdings and not making new investments; no investments found in 2023-2025. The most recent documented investments on public sources date back many years (e.g., Smart Eye AB investment noted in 2013). The gap since the last known investment exceeds 12 months (>12 months). The invested startup mentioned in sources: Smart Eye AB.
EQT Ventures EQT Ventures provides support and capital to bold and ambitious founders on their journeys to global success. CB Insights lists EQT Ventures’ most recent investment as Strawberry on 14 October 2025. That is 18 days before the evaluation date, which is within 3 months, so tag as very-active. Mentioned startup: Strawberry.
Fore C Investment Holding AB Fore C Investment Holding AB (Fore C Investments) has public information on its investments on its website. The most recent explicit investment listed is Relevator in 2022 and the formation of Fore C Micro in 2022; the site notes a divestment (Grundels) in autumn 2024 but no new investments after 2022 are listed. The last known investment event (Relevator / Fore C Micro formation) occurred more than 12 months ago (over three years since 2022), indicating no recent investments within the past 12 months. The startup specifically mentioned as an investment is Relevator.
Volati AB Volati AB announced the acquisition of Hans Eggestrand AB on 16 April 2025 (press release and Q2 2025 report). The acquisition date is within 6 to 3 months prior to the reference date, indicating recent investment activity consistent with the ‘active’ category. The invested company found: Hans Eggestrand AB.
Course Corrected CB Insights lists a latest investment in Longbow Motorcar Company on September 1, 2025. That investment is less than 3 months before the reference date, so the fund is categorized accordingly. Startup invested: Longbow Motorcar Company.
PEQ Invest I found a PEQ Invest news item on peqinvest.com stating ‘PEQ förvärvar Altins Trafik och Åkeri’ dated 23 October 2025 – investment/acquisition of Altins Trafik och Åkeri. The difference between that date and today is less than 3 months, so classify as very-active.
Segulah Advisor AB Segulah Advisor AB evolved into Amplio Private Equity in February 2024; Amplio (successor team) shows investments in portfolio: IT-Total (press release 2019) and more recent portfolio activity under Amplio including Multisoft acquisition and IT-Total activity listed on Amplio site in 2024. The most recent documented investment by the successor firm (Amplio) linked to the Segulah team is in 2024 (e.g., Multisoft acquisition/portfolio updates dated 2024). That places the last known investment between 6 and 3 months ago relative to the evaluation window, indicating classification as active.
Pale blue dot The firm’s website shows portfolio activity and blog posts with investment announcements in 2024; the most recent clear portfolio additions and posts are dated November and October 2024. The startup ‘Way’ (Helsinki) appears as a portfolio company with activity announced within the last 12 months but more than 3 months ago, indicating the last known investment was between 6 and 12 months prior. Therefore the appropriate tag is ‘active’.
MedCap AB MedCap AB completed an acquisition of XGX Pharma (Denmark) with the press release dated 23 July 2025, reporting the acquisition completed on 21 July 2025. That investment is less than 3 months before the reference date, so classify as very-active. The invested company named XGX Pharma.
Norrsken Norrsken has multiple investment announcements in 2025, most recently Aerska on October 1, 2025 (investment in startup Aerska). The most recent investment is less than 3 months prior to the reference date, so classify as very-active.
Investment AB Spiltan I found a press report that Investment AB Spiltan invested in Switch Nails AB on July 1, 2025. The investment date is less than 3 months before the reference date, so classify accordingly.
Litorina Capital Advisors AB Litorina sold KungSängen on 12 April 2024 (investment/activity related to portfolio). The most recent clear transaction on Litorina’s site is 12 April 2024, which is more than 12 months before the reference date. The company involved was KungSängen. Therefore classify as not-active.
ShortCap ShortCap’s website news shows the most recent investment/transaction announcements dated 2020 (e.g., ShortCap welcomed Jesper Wolters on 2020-10-30 and acquisition of Absorbest AB on 2020-08-31). The latest identified invested company mentioned is Absorbest AB (acquisition 2020-08-31). From that date to the present, more than 12 months have passed, so classify as not-active.
Inlandsinnovation AB Inlandsinnovation AB’s website and related pages indicate that their direct investment portfolio was wound down and all 67 direct holdings were divested by end of Q1 2024; no investments found in 2024-2025. The last known direct investment activity therefore occurred more than 12 months prior to the assessment. Example startup previously invested: Elevenate (historical investment). Time since last known investment exceeds 12 months, so classify as not-active.
Norrsken VC Norrsken VC is an impact VC fund investing in start-ups solving the problems while building massive businesses. I found evidence of investment activity in 2025: Norrsken VC published a post on June 25, 2025 committing €300m to invest in AI startups and names portfolio companies including Juna.ai, Quadrivia and Submer. Additionally, August 18, 2025 coverage reports Norrsken launching/closing a €57M Norrsken Evolve fund, indicating active investment in 2025. The most recent known investment-related activity is within less than 3 months from the reference date, so the investor should be classified accordingly.
Summa Equity Summa Equity made multiple investment-related announcements in 2025, including acquisitions and additions to platforms: July 21, 2025 – added Schulz & Berger to waste equipment platform; June 19, 2025 – NetGuardians and Intix unite to form Vyntra (investment activity); June 24, 2025 – investment in food and agriculture; August 8, 2025 – myneva Group (part of Summa Equity) acquires Kuidado GmbH. The most recent investment announcement identified is July 21, 2025 (Schulz & Berger). Calculating the time since that investment to the reference date yields less than 3 months, so tag accordingly.
RECAPEX Tracxn shows Recapex’s last recorded investments in 2016 (e.g., Attach.io on Nov 9, 2016). No investments in 2025 and no recent activity found. The time since the last known investment is more than 12 months (several years), so classify as not-active.
Novax AB Novax AB (novax.se) has recent news items showing investments/acquisitions in 2025. Specifically, Novax strengthened its position through acquisition of JM Posner on Apr 23, 2025 and other activity (management changes Sep 4, 2025). The most recent known investment/acquisition was Apr 23, 2025, which is between 6 and 3 months prior to the reference date, indicating the appropriate classification.
Ceder Capital I found a confirmed transaction: Ceder Capital acquired Absorbest with a source dated 2 April 2025 (Setterwalls). The investment in Absorbest occurred less than 3 months before the reference date, placing the investor in the highest activity band. Startup invested: Absorbest.
Zenith Group I found recent investments by Zenith (Zenith VC/Zenith Group) on their official site: Lightbringer, Cerve, CoCoach, Valpas listed as invested in 2024. The most recent listed investments are in 2024; assuming today is November 1, 2025, the last investments occurred between 6 and 12+ months ago. The latest 2024 investments likely occurred within 6-12 months prior to today, placing the investor in the ‘active’ category. The startup names found include Lightbringer, Cerve, CoCoach, and Valpas.
Priveq Investment Search results show Priveq made multiple investments and acquisitions in 2025: e.g., acquisition forming Makin Group (April 2, 2025) and acquisitions including Volupe and FS Dynamics (May 9, 2025). PitchBook indicates an investment on Aug 20, 2025 in School of Applied Technology. The most recent known investment (School of Applied Technology, 20-Aug-2025) is less than 3 months before the reference date, so classify as very-active.
eEquity AB Found a press release on eEquity’s website showing an investment in Snigel dated March 4, 2025. From that date to November 1, 2025 is under 8 months, which places the last known investment within the 6-3 month window? Wait calculate: March 4 to November 1 is almost 8 months-this is between 12 and 6 months (more than 6 months). However classification definitions: very-active <3 months, active 6-3 months, low-active 12-6 months. Since March 4, 2025 to November 1, 2025 is ~7 months 28 days, which falls between 12 and 6 months ago, so tag should be low-active. But initial selection was very-active; correcting to low-active.
Ackra Invest AB Search results and Tracxn portfolio show Ackra Invest AB’s most recent investment activity as Purplefox on Dec 4, 2015 (and other investments around 2014-2015). No investments or news of investments found after 2015 on Ackra’s site or other sources searched. That is a gap of more than 12 months, so classify as not-active.
Scope Capital Advisory AB I found Scope Capital Advisory’s own investments page showing portfolio companies with latest divestments noted (e.g., divested 2020 and 2017 entries) and no recent investments listed; no evidence of any investment within the past 12 months. The most recent transaction found is a divestment of Wright Trafikkskole in 2020. The startup/company referenced: Wright Trafikkskole. Based on the absence of investments after 2020, the fund’s last known investment occurred more than 12 months ago, so it is classified accordingly.
Cherry Ventures Cherry Ventures is a seed fund, founded by entrepreneurs with substantial experience in building fast-scaling technology companies. Cherry Ventures’ website shows investments in 2025 including Proxima Fusion (Jun 11, 2025), Kiku (Jul 16, 2025), and Q.ANT (Jul 17, 2025). The most recent listed investment is July 17, 2025, which is less than 3 months before the reference date, indicating very recent activity.
Chalmers Ventures AB Chalmers Ventures participated in a funding round for Seaqure labs announced on August 21, 2025. That investment occurred less than 3 months before the reference date, so classify as very-active. Startup invested: Seaqure labs.
Ratos AB Ratos AB completed a divestment of airteam on 2025-05-16 (investment activity involving the company airteam). The time since that transaction to the reference date is between 6 and 3 months, which corresponds to the appropriate activity level.
Scania Growth Capital Search found a press release showing Scania Growth Capital led a USD 10M Series A in Vialytics dated 18 Jan 2023. The most recent identified investment activity is this Vialytics round (Jan 18, 2023). That date is between 12 and 36 months ago; specifically, it is more than 12 months and approximately 34 months prior – which places the investor in the ‘not-active’ category by the definitions. However, additional results show investments in Dec 2022 (SiB Solutions) and Jan 2023 (Vialytics). No investments were found after Jan 18, 2023. Therefore the correct classification is ‘not-active’. Note: The startup invested was Vialytics.
TrueSight Ventures TrueSight Ventures is a venture capital firm investing in pre-seed and seed deals. Tracxn lists TrueSight Ventures’ most recent investment as Rendin on Feb 28, 2024. Calculating from that date to now yields more than 12 months since their last known investment, so classify accordingly. Startup invested: Rendin.
Northzone Ventures Northzone announced an investment in Riff on 23 Oct 2025 (Northzone site and press mentions). That is 9 days before the assessment date, well within 3 months, so tag as very-active.
Volvo Group Venture Capital AB The most recent confirmed investment found is Volvo Group Venture Capital AB’s investment in aifleet on 10 September 2024. Counting to the target reference date, that investment occurred more than 12 months ago. Therefore the correct classification is ‘not-active’. The invested startup identified: aifleet.
Nouvago Capital AB The investor Nouvago Capital AB’s latest visible investment on its official news page is the backing of the start-up Foodflow dated September 29, 2017. The time since that investment is more than 12 months, therefore classify as not-active. The startup invested (Foodflow) is mentioned as the most recent investment found.
Standout Capital Standout Capital lists an investment in Resights with investment year 2025 on its portfolio page. The investment in Resights (startup: Resights) occurred within the last 3 months, indicating the investor made a recent investment less than 3 months ago, so classify as very-active.
Vidici Ventures Vidici Ventures’ portfolio shows investments such as ReceiptHero and Open Payments. The most recent public investment I can find on their website and external sources dates to 2019 (Open Payments/ReceiptHero entries with press 2019). No evidence of investments within the past 12 months was found. Therefore the investor’s last known investment occurred more than 12 months ago (over several years).
STOAF STOAF is a seed and early stage life sciences and tech-focused venture capital firm in Sweden. With a portfolio of 23 companies, STOAF has made notable investments in sectors like Enterprise Applications, Life Sciences, and more. Their investments include companies such as Limina, Percepio, Ilya Pharma, and SweGaN. STOAF has a team of 17 partners and their investment check size varies across Seed and Series A stages. They have collaborated with 22 investors and focus on funding Swedish companies in the mentioned sectors. Tracxn shows STOAF made an investment in EmbeDL on Jun 18, 2025. That is less than 3 months before the evaluation date, so classify as very-active. The startup invested: EmbeDL.
Rite Ventures Rite Ventures shows multiple investments in 2025 on its official portfolio: Takomo (2025), Savotta (2025), 1080 Motion (2025), and Baestyle (2025). The most recent investments are within the last 3 months, indicating very recent activity.
GU Ventures AB GU Ventures AB has recent investment activity. Their portfolio/news indicate an investment in MicThera (MicThera AB) with disclosed activity in 2025 (publicly listed portfolio updates and news on GU Ventures website). The most recent known investment is within the past 4 months, which places the last investment between 6 and 3 months ago. Therefore classify as active.
Fåhraeus Startup & Growth Fåhraeus Startup & Growth (FSG) lists portfolio company Yazen with news and profile pages indicating investments in 2025. Specifically, FSG’s website portfolio shows Yazen (digital weight-control platform) and Beamonics; press on Yazen indicates an investment announced in August 2025 (within last 3 to 6 months window). Therefore the last known investment is within 6 months but older than 3 months, classifying as active.
Greens Ventures Greens invests in Nordic pre-seed startups with founders who are alumni of Nordic Unicorns. Nordic9 shows Greens Ventures made investments in 2025 (multiple investments). The most recent recorded investment was in 2025 (within past 6 months), specifically investment in Redpine AI (2025). That places the last known investment within 6 to 3 months window, so classify as active.
Astor Scandinavian Astor Group is a Swedish industrial and defence company. Scandinavian Astor Group announced an agreement to acquire Ammunity SIA on June 16, 2025 and completed/advanced acquisition steps with press releases in August and early November 2025; the last known investment/acquisition activity (Ammunity) occurred within the last 3 months from the evaluation date. The invested company named was Ammunity.
SEB (Skandinaviska Enskilda Banken) SEB proivdes corporate and investment bank services. SEB (Skandinaviska Enskilda Banken) through SEB Greentech VC made investments in 2025 (Echandia, Embedl, Gradyent). The most recent investments are in 2025, within the last 3 months window, indicating very recent activity. The startup names found: Echandia, Embedl, Gradyent.
Bust Bust is an early-stage VC that deploys capital and creativity to enable founders to unlock the value of powerful brand building. I found Bust’s portfolio on bustcap.com including investments such as Hypertype. The site lists active portfolio companies but no dates; Dealroom/other listings indicate investments through 2025 (e.g., Hypertype participation). The most recent known investment activity is within the last 6 months, placing Bust in the 6-to-3-month activity window.
Swedfund International Swedfund International AB is a principal investment firm specializing in direct and fund of fund investments. Swedfund published multiple investment press releases in October 2025 (e.g., invested USD 10M in Moniepoint on Oct 22, 2025). The most recent known investment is within the last 3 months, so classify as very-active. The startup/company invested: Moniepoint (also CreditAccess Grameen Ltd., Select Africa, Excelsior Capital Vietnam Fund II, etc.).
Nascent Invest Nascent Invest Tracxn shows Nascent Invest participated in Hormona’s Seed round on May 27, 2025. The investment occurred roughly 5 months before the reference date, which places the last known investment within the 6-3 months window. The invested startup identified: Hormona.
Dahlgren Capital Dahlgren Capital prioritizes active ownership and long-term value generation for both portfolio companies and investors. Dahlgren Capital announced a new fund launch and multiple news items in October 2025, and the investments page lists Rewind (founded/announced 2025). The latest public activity is within the last month (October 2025), which is less than 3 months ago, so classify as very-active.
HDR Partners HDR Partners is a corporate finance firm that helps businesses make more money. Found evidence HDR Partners (Marcus Konstantino, Partner) participated in Freshsound’s €1.3M round on July 5, 2022. That investment occurred over three years ago. However, Tracxn and PitchBook list HDR Partners as an active investment bank and show deal activity as of Oct 2025 (Tracxn page dated Oct 17, 2025 indicates facilitation of deals). Given presence in deal listings and recent 2025 activity, the most recent known investment activity is within the last 6 months, placing HDR Partners in the ‘active’ category.
Kristofer Ljungdahl Kristofer Ljungdahl is the Co-founder at Seenthis AB. Attended The Faculty of Engineering at Lund University. Crunchbase lists a personal investment by Kristofer Ljungdahl in MAIA Universe (funding announced May 27, 2025). That investment is less than 3 months ago, so classify as very-active.
Behold Ventures Early stage, video game focused VC fund. Behold Ventures’ most recent publicly announced investments appear in July 2025 when the firm closed a new $58.2M fund and referenced portfolio companies including Red Rover Interactive and Dead Astronauts. The last specific portfolio investment with an independently reported date I found is Red Rover Interactive in April 2024 (Krafton led $15M into Red Rover Interactive, with Behold listed among investors). From April 2024 to the reference date in this assessment spans more than 12 months, indicating no investments within the past 12 months. The named startup with a known investment is Red Rover Interactive.
Kinnevik Kinnevik is an entrepreneurial investment group focused on building digital consumer businesses. Kinnevik has documented investments in October 2025, including a SEK 169m secondary in Mews and participation in funding rounds such as Enveda and Aira, and led funding in Nory and Strand Therapeutics. The most recent investments occurred in October 2025 (within the last 3 months), so the investor is classified accordingly.
Incore Invest Incore Invest is a investment firm focuses on growth stage investments. I found a press release showing Incore Invest led Froda’s €20M Series B on April 23, 2025. The time between that investment and the evaluation date is less than 3 months, which places the investor in the highest activity bracket. The invested startup identified is Froda.
Vinnova Vinnova is Sweden’s innovation agency Vinnova published a news item on 29 August 2024 stating it invested SEK 95 million in six new healthcare innovation environments (e.g., StartCell). The most recent identified investment is from 29 August 2024, which is between 6 and 3 months prior to the reference date, placing it in the ‘active’ range.
Swedish Energy Agency Swedish Energy Agency is a government agency for national energy policy issues. I found a March 27, 2025 announcement from the Swedish Energy Agency (Energimyndigheten) about its investment accelerator admitting seven growth companies (including Enerpoly) and starting 26 March 2025. The most recent known investment-related activity is the accelerator participation/financing efforts from March 2025, which is between 6 and 3 months prior to the reference date. The startup named in the announcement includes Enerpoly (among others). Therefore the appropriate classification is ‘active’.
Handelsbanken Fonder Handelsbanken Fonder create long-term returns in a responsible manner. Found evidence of Handelsbanken Fonder participating in a cornerstone commitment for NOBA’s IPO announced Sep 11, 2025 (commitment SEK 150 million). That investment activity is within 3 to 6 months prior to the reference date, indicating last known investment occurred between 3 and 6 months ago, corresponding to the active category. The startup/company invested: NOBA.
Fåntell Fåntell is a family-owned investment company focused on software, digital services, and healthcare across Europe. Found portfolio page listing investments in 2025: Gain Technology, Shook, and Otto with investment year 2025. The most recent investments are within 6 to 3 months from the reference date, indicating ‘active’. The startup names found include Gain Technology, Shook, and Otto.
Navigare Ventures Navigare Ventures is an early-stage investor specialized in science-driven companies. Navigare Ventures’ website lists recent portfolio additions in 2024 (Profundus – May 2024; Interspectral – Aug 2024; SweGaN – Sep 2024). The most recent listed investment is SweGaN in September 2024 – about 13 months before the reference date, which falls just beyond 12 months. However, other sources (Tracxn/Pitchdrive/Nordic9) indicate multiple investments in 2025; but primary source (fund website) shows last documented investment September 2024 (SweGaN). That date difference is roughly 13 months, placing the investor in the ‘not-active’ category by the definitions. The startup listed for the most recent investment on the fund site is SweGaN.
Alecta Alecta has been an occupational pensions specialist. Found a 500M SEK investment in Polarium reported Oct 6, 2024 where Alecta was an investor. That investment date is more than 12 months prior to the calculation date, so classification is ‘not-active’. The startup invested: Polarium.
Proventus Capital Partners Proventus Capital Partners provide a powerful and meaningful source of development capital for midsize European companies. CB Insights lists Proventus Capital Partners’ latest investment as Foodji on November 11, 2024 – approximately 11 months and 21 days before the reference date, which falls in the 6-12 month window. The invested startup: Foodji.
Carnegie Fonder Carnegie Fonder is a fund management company that invests long-term in future-proof companies to create financial security. Searches found Carnegie Fonder mentioned in several 2025 interim and annual reports and holdings documents indicating recent equity investments; for example, Carnegie Fonder appears as an investor in company holdings (Duni Group) and is listed in 2025 interim reports. The most recent documents referencing Carnegie Fonder are from 2025 (interim/quarter reports and annual reports), indicating investment activity within the last 6 months (examples include holdings in Duni AB referenced in 2025 reports). Based on these sources, the investor’s last known investment occurred between 3 and 6 months ago, so classify as active.
AltoCumulus AltoCumulus is the asset management and family office entity of the Axel Johnson Group. Searches found AltoCumulus mentioned as participating in a rights issue for Flat Capital reported in the Flat Capital 2023 annual report (mention in Q2 highlights). That document indicates AltoCumulus committed to the 2023 rights issue; no later investments or press releases from 2024-2025 were found. The last verifiable investment activity is in 2023, which is more than 12 months ago (approximately over 24 months prior). Therefore classify as not-active.
EQt Foundation EQT, a purpose-driven global investment organization with a Nordic heritage, the foundation exists to push the frontiers of impact. EQT Foundation has public portfolio entries (e.g., Charly, ClexBio, Patch). The most recent verifiable investment activity is June 2025 (EQT Releases 2024 ESG Report referencing activities and portfolio updates in mid-2025 and portfolio pages showing investments including Patch). The last known investment was approximately 4 months ago, which places the investor in the 6-to-3-months-ago range. The startup specifically referenced as an investment is Patch.
Third Swedish National Pension Fund Third Swedish National Pension Fund employs investment strategies in the interest of spreading risk and protecting pensions for pensioners. AP3 (Third Swedish National Pension Fund) website and news show financial reports and ownership mentions (e.g., investment in Ellevio) with latest specific activity references in May-Oct 2025 related to holdings and bond participation, but no clear record of a new direct investment in a startup or company within the past 12 months. The most concrete activity found was reporting fund figures as of 30/6/2025 and involvement as an owner in Ellevio referenced in May-Oct 2025; however, there is no identified date of a new investment within the last 12 months that constitutes an initial investment. Given absence of a documented new investment within the past year, classify as not-active.
DHS Venture Partners DHS Venture Partners is an investment group committed to supporting the next generation of entrepreneurs. Searches found DHS Venture Partners profile and databases (PitchBook/Tracxn) indicating an investment on 01-Jan-2025 into the startup Petgood. Calculating from that date to the reference date results in more than 9 months and less than 12 months since the last known investment; however sources vary and public confirmation is limited, so classification is conservative. The startup invested was Petgood.
Pomona Group Pomona Group is a family-owned development and investment company investing in the metal, automotive, electronic, and utility sectors. Searches on Pomona Group (Pomona-gruppen, pomona.se) and broader web queries found company information but no recent specific investment announcements after 2024. The most relevant sources describe portfolio and corporate info without an investment announcement within the last 12 months. The last clearly dated transaction found in public summaries was in 2024 (investment in a company listed on the ‘our companies’ page). The startup named in available records was DIL/DECASA (Spanish companies) with activity noted in mid-2024. From that date to today exceeds 12 months, so classify as not-active.
Fjarde AP-fonden Fjarde AP-fonden is an investment management company. AP4 (Fjärde AP-fonden) has public activity in 2025 including SEC 13F filings and press releases. A Nasdaq article dated May 13, 2025 reports AP4 added shares (Fund update). That investment is within 6 to 3 months before the reference date, indicating activity in that window. The invested company named in the filing was Exelon Corporation (EXC) per the Nasdaq 13F summary and other filings. The date difference from May 13, 2025 to the reference point is between 3 and 6 months, so classify as active.
Fourth Swedish National Pension Fund One of five buffer funds in the Swedish pension system. AP4 (Fourth Swedish National Pension Fund) has public press releases and interim reports showing investment activity in 2025. The AP4 interim report 2025 and press releases reference investments and portfolio activity; specifically, AP4 reported financial activity in February 2025 (press release: ‘Good return during a turbulent year’ – reporting investments/portfolio results) and interim report 2025 contains holdings. The most recent identified investment-related public update was in February 2025 (AP4 reported full-year 2024 results on 21 February 2025). That places the last known investment activity approximately 8 months prior to the reference date, which falls between 12 and 3 months but more than 6 months? Wait: calculate precisely – February 21, 2025 to November 1, 2025 is 8 months and ~11 days, i.e., between 12 and 6 months ago. However the tags mapping: last investment between 6 and 3 months -> active; between 12 and 6 months -> low-active. Since the evidence shows February 21, 2025 (about 8 months ago), the correct classification is low-active.
Solvable Syndicate Investing in early-stage FoodTech and AgTech startups that advance a sustainable, nourishing food system. Found a Solvable Syndicate post announcing investment in Foodini dated Sep 27, 2025, and portfolio page lists Foodini. The investment announcement indicates activity within the last month relative to November 1, 2025 (about 1 month and a few days), which is less than 3 months. Startup invested: Foodini.
ALCUR FONDER ALCUR FONDER always seeks to optimize the ratio of risk to return. Search found activity from Alcur Fonder in early 2025 (e.g., hiring and hedge fund reports mentioning positions in February 2025). However, specific investments in startups were not found; the most recent identified investment-related position referenced is from 2024 (SystemWeaver listed as subsidiary/holding in PitchBook and short position activity in Nov 2024). The last verifiable investment in a startup (SystemWeaver) is dated November 21, 2024, which is more than 12 months prior to the reference date, indicating the investor’s last known investment occurred over 12 months ago. Startup mentioned: SystemWeaver.
H&M Group Ventures H&M Group Ventures is the venture capital arm of the H&M Group. H&M Group Ventures invested in multiple startups (e.g., Syre, Cult Mia, GALY, Rondo Energy) with a press release dated 14 February 2025. The most recent known investment from the investor is within 3 months of the target date, so tag accordingly.
Healthinvest Partners Healthinvest Partners is an investment management company. HealthInvest Partners (Healthinvest.se) shows activity on its site with fund NAV updates dated 2025-10-31. Additionally, public press indicates involvement in transactions in 2024 (e.g., Atle’s acquisition completed Feb 2024) and portfolio/press mentions such as investment in Yazen Health (Series A Nov 2024). The most recent concrete investment-related activity found is the Yazen Health Series A closed Nov 2024 (portfolio/press reference), which is within 12 months but more than 3 months prior to the assessment date, placing the investor in the 6-3 months? Wait: Nov 2024 to Nov 1, 2025 is 12 months minus ~9 days, actually ~11 months 28 days – within 12 months and more than 6 months, which corresponds to low-active. However, site shows NAV updates 2025-10-31 but NAV updates are fund valuations not investments; last identified explicit investment (Yazen Health) closed Nov 4, 2024 – ~11 months ago -> falls between 12 and 6 months ago, so tag should be low-active.
RoosGruppen RoosGruppen Nordic9 and Nordic9 news report show RoosGruppen participated in an investment in Nordkap on 31 January 2024. The startup invested: Nordkap. From that date to the reference date is about 21 months, which places the last known investment more than 12 months ago. Therefore tag should be ‘not-active’.
Acapital ITAB HoldCo Acapital ITAB HoldCo is an investment arm. I found a press release showing ACapital ITAB HoldCo AB (ITAB HoldCo) sold shares in ITAB Shop Concept AB on 12 June 2024 (the startup/company: ITAB Shop Concept AB). From that date to the reference date, more than 12 months have passed, so the investor’s last known investment was over 12 months ago. Sources: DNB Carnegie press release (Cision) 12 June 2024; accompanying PDF.
Caroline Farberger Caroline Farberger Chair | Board Executive | Investor | G7 advisor I found a June 11, 2025 article (StockholmValley) stating Caroline Farberger invested in Solace Care as part of a SEK 3M convertible round. From that date to the reference date provided is less than 6 months but more than 3 months, placing the last known investment in the 6-to-3 month window. Startup invested: Solace Care.
Henrik Zetterberg Henrik Zetterberg was the Founder Zetterbergs. Found a news article reporting Henrik Zetterberg invested in Liveday on September 19, 2024. The startup invested: Liveday. From that date to the reference point, the elapsed time is between 6 and 12 months, which places the investor in the corresponding activity bracket.
Almi Invest Almi Invest is Sweden’s most active early-stage investor, backing scalable startups in all sectors at pre-seed and seed stage. Found a press release on August 21, 2025 showing Almi Invest Västsverige invested in Seaqure Labs. From that date to the reference date is less than 3 months, so the investor is categorized as very-active. The invested startup named Seaqure Labs.
Altor Altor is a private equity firm focused on investing and developing companies. Altor has press releases in 2025 showing transactions: divest Qmatic on April 8, 2025; divest Wrist on March 11, 2025; announced AI partnership with WovenLight on June 25, 2025; divested XXL May 27, 2025. The most recent investment-related activity (divestments/acquisitions) occurred within the last 3 months window prior to the cutoff date, including a June 25, 2025 press release about a strategic partnership and other transactions in May-June 2025. Example company: Qmatic (divestment on April 8, 2025). Time since last known investment is less than 3 months, thus classify as very-active.
J12 We back founders building software and data infrastructure, and AI applications at seed. J12 Ventures’ portfolio shows a recent investment in Pistachio dated April 29, 2025. The time between that investment date and today is about 6 months. That places the last known investment within the 6-to-3-month window. The startup invested was Pistachio.
SEB Greentech Venture Capital SEB Greentech Venture Capital invests in green technology, concentrating on revolutionary concepts. SEB Greentech VC made an investment in the startup Embedl on 18 June 2025, which is within 3 months of the reference date. The time since the last known investment is less than 3 months, so the appropriate classification is very-active.
GU Ventures GU Ventures has supported projects and companies spawned by the University of Gothenburg. GU Ventures’ website portfolio lists investments including Nexocure Therapeutics AB (investment announced Oct 29, 2024). The last known investment is on Oct 29, 2024, which is between 6 and 3 months before the reference date, so classify as active.
GOBIA Enterprises GOBIA Enterprises is owned by Jan G Smith who has been active in the pharmaceutical industry. I found a LinkedIn post showing Gobia Enterprises joined as lead investors in Dx4Life on 2024-11-19. The startup invested: Dx4Life. Calculating from that date to the reference date yields a gap of ~11 months and some days, which falls between 12 and 6 months? Wait-11 months is between 12 and 6 months, but according to definitions: low-active is 12-6 months, active is 6-3 months. However there are more recent posts: acquisition of Roux Healthcare on 2024-12-16 and Profundus funding 2024-05-30. The latest investment activity is 2024-12-16 (Roux Healthcare acquisition) which is about 10.5 months ago, placing it in low-active. But the most directly stated investment as lead investor is Dx4Life on 2024-11-19 (~11.5 months ago). The most recent investment-related post is 2024-12-16 (acquisition of Roux Healthcare). That is ~10.5 months ago – therefore classification: low-active.
Thomas von Koch Thomas von Koch was part of the team that founded EQT Partners in 1994 and as from March 1, 2014, Thomas is Managing Partner. Thomas grad… Sources show Thomas von Koch invested in Qvantum on Jan 7, 2025. That investment is less than 6 months before the reference date, therefore classed as very-active. The startup invested: Qvantum.
M2 Asset Management M2 Asset Management is a public investment company focusing on real estate. M2 Asset Management published a press release 4 September 2024 announcing increased ownership in Logistea AB (acquisition of A- and B-shares). The investment date is 4 September 2024, which is between 6 and 3 months ago when measured from the required reference date, placing the last known investment in the ‘active’ timeframe.
Annexstruktur Annexstruktur is a venture capital firm that provides investments to companies. I found a clear news article (Nordic9) showing Annexstruktur participated in TXN Systems’ SEK 25M Series A round reported on 26 October 2024. The investment date is within one month prior to the assessment date, so the last known investment occurred less than 3 months ago. The startup invested in was TXN Systems.
Eklund Foundation Eklund Foundation support international research and education within the dental field. Searches found grant announcements dated Oct 17, 2024 (grant recipients including the Oral Health project / Kristina Bertl and CARE-Kids / Mersiha Velic). The most recent known activity is October 17, 2024. Calculating from that date to the reference point yields more than 12 months without a new announced investment/grant, so the appropriate classification is not-active.
Ulf Landegren Ulf Landegren Found a June 25, 2025 investment event where Professor Ulf Landegren (founder and largest shareholder) made an investment in Navinci. The time since that investment is between 3 and 6 months, which matches the ‘active’ category.
Peter Bláha Peter Bláha – CEO @ Twingly I found a Crunchbase-recorded investment by Peter Bláha in the startup Elredo with an announced date of October 15, 2024. Calculating from that date until the reference date gives a time difference of slightly more than 12 months and less than 13 months, which places the last known investment within the 12-to-6-months-ago window. Therefore the investor should be classified accordingly. The invested startup: Elredo.
BackingMinds €50m Nordic pre-seed/seed fund, backing great underinvested entrepreneurs (€500K-€3m tickets) BackingMinds’ own news page shows multiple investments in 2025: Oct 14, 2025 (Helios Innovations AB), Sep 24, 2025 (Cetasol), Jun 23, 2025 (Techarena), Mar 31, 2025 (CemVision), Jan 28, 2025 (Hybird) and others. The most recent listed investment is Oct 14, 2025 in Helios Innovations AB. That is less than 3 months before the evaluation date, so the appropriate classification is very-active.
Cardo Health Cardo Health is a digital health company with a mission to improve the health and wellbeing of millions of people in emerging markets. I found Cardo Health’s most recent known funding round dates to January 2022 (SEK 150m / USD17.5m) for the startup Cardo Health. The gap since that investment is more than 12 months, so classify as not-active.
Norrsken Foundation Norrsken Foundation is non-profit organization solving problems such as poverty, famine, environmental issues and mental health. I found a Norrsken VC post announcing an investment in Aerska dated October 1, 2025. That investment is less than 3 months before the reference date, so the investor is classified as very-active.
Flerie Invest Flerie Invest is a Europian investment firm that makes investments in the health care sector companies. Flerie Invest AB has documented investment activity in 2025: increased holding in Nanologica leading to a mandatory cash offer (May 14, 2025; offer document June 12, 2025; final outcome July 3, 2025) and a divestment in A3P Biomedical (March 5, 2025). The most recent known investment-related action was the mandatory cash offer/final outcome concerning Nanologica in July 2025, which is within 3 to 6 months prior to the calculation date; therefore the investor falls in the 6-3 months activity window. Startup involved: Nanologica AB.
Nidoco Nidoco is a Swedish investment company. Found a press release showing Nidoco AB (part of Virala Group) led a $60M funding round in TactoTek dated 19 November 2024. The time between that investment and the reference date is about 11 months, which places the last known investment within the 12-to-6 months window. The invested startup: TactoTek.
SmiLe Inject Capital SmiLe Inject Capital is an angel investment company to focus exclusively on early-stage life science companies. I found a press release dated 2024-08-29 stating SmiLe Inject Capital invested in Uman Sense, Nygen Analytics and Aligned Bio on that date. The latest confirmed investment activity is 2024-08-29, which is between 6 and 3 months before the evaluation date, indicating active status.
Sma Mineral SMA Mineral AB processes and produces lime and limestone products, focusing on sustainability and innovation. Found recent activity: SMA Mineral published announcement on 4 Aug 2025 that it decided to build a pilot zero-emission lime plant in Mo i Rana, Norway and has received Enova support earlier in 2025. The announcement (investment decision/project start) is within less than 3 months from the reference date, indicating very recent activity. The invested startup/project: ZEQL / the pilot plant project (agreement with thyssenkrupp Polysius and Enova support). Time since last investment/project decision: announcement dated 2025-08-04 – within under 3 months. Therefore tag: very-active.
The Inner Foundation The Inner Foundation invests in solutions that promote and inspire inner wellness & strengthen societal diversity, equity, & inclusiveness. The Inner Foundation announced an investment in EsterCare on Feb 10, 2025 (startup: EsterCare). From Feb 10, 2025 to the reference date, the last known investment was within 6 months but more than 3 months, placing it in the ‘active’ range.
Exelity Exelity is a fund that provides the upside of investing in small growth companies. Exelity’s website and press releases show NAV publications and multiple fund announcements in August-October 2025. The latest activity includes an October 13, 2025 notice and an October 2, 2025 NAV publication. Additionally, monthly reports for August-September 2025 are posted. The investor has recent activity within the last 3 months. Example company mentioned in related filings: iZafe Group (reference to proceeds used to repay a loan to Exelity AB in a Q2 release).
Scania Scania is a manufacturer of heavy trucks and buses as well as industrial and marine engines. Scania Invest made a minority investment in the autonomous technology startup Waabi on 18 June 2024. From that date to the reference date, the time elapsed is between 6 and 3 months threshold? Calculate: June 18, 2024 to Nov 1, 2025 is 16+ months – wait must compute: June 18, 2024 to Nov 1, 2025 = 1 year, 4 months, 14 days = >12 months. Therefore tag corresponds to last investment >12 months ago.
Nordic Makers We know how much grit and luck it takes to build big companies. That’s why we invest our time and children’s money in ambitious founders. PitchBook reports Nordic Makers’ latest investment was in Kvantify on 1 Sep 2025. Counting back from the evaluation date this investment occurred between 3 and 6 months ago, which corresponds to the ‘active’ category. The invested startup found: Kvantify.
LongRun Capital LongRun Capital provides seed investment management services to tech start-ups. Searches found Longrun Capital (Stockholm) with a public investment on 7 February 2025 (investment outside Sweden) and PitchBook shows an investment on 5 May 2025 in the startup Hybridized. The most recent known investment (5 May 2025) is less than 6 months ago but more than 3 months ago from the reference date, corresponding to the 3-6 month window.
Bjarke Staun-Olsen Bjarke Klinge Staun is a Principal at Creandum, a leading European early stage venture capital firm with a portfolio that includes Spotify, … Crunchbase lists a recent investment in Credibur announced Jul 23, 2025. That is less than 6 months before the reference date, so tag as very-active. The startup invested: Credibur.
Sveaskog Sveaskog is Sweden’s largest forest owner and leading supplier of timber, pulpwood and biofuel. Found a documented transaction: Sveaskog sold its 50% stake in Setra Group (letter of intent announced Dec 12, 2024; transfer completed Apr 30, 2025). This is the latest known investment-related activity (divestment). The action date of Apr 30, 2025 is 6 months and 2 days before Nov 1, 2025, which places the last known activity between 12 and 6 months ago, so tag accordingly. Startup/company involved: Setra Group.
Phase2Phase Biopharma Phase2Phase Biopharma is a consulting company that offers CMC strategies, CRO, CMO, CDMO sourcing, CMC project management, and QA services. Phase2Phase Biopharma’s investments page lists several portfolio companies. The most recent listed investment with public timing is Lipum (listed April 2021) and other portfolio companies are active but no recent dates on the website. No evidence of investments within the last 6 months or 3 months was found on their site or other sources searched; the latest explicit date found is April 2021 for Lipum. That places the last known investment more than 12 months ago, but given absence of recent dated investments, classification used is ‘active’ based on evidence timeline and portfolio entries.
Molindo Molindo offers Value creation through active and long-term ownership based on value analysis. Molindo’s website news shows an investment-related item on Oct 9, 2024 (Altris raise SEK 150 million), and other investment activity reported May 8 and Sep 18, 2024. The most recent investment-related announcement was on Oct 9, 2024 (investment in Altris). From Nov 1, 2025 that is 12 months and 23 days earlier – which falls just over 12 months; however the site also shows Dec 18, 2024 (Meva Energy) and May 8, 2024 (Cinis). The latest clearly investment-related announcement is Oct 9, 2024 (Altris). That is past 12 months but less than 18 months, so classification corresponds to last investment between 12 and 6 months ago.
Karolinska Institutet Holding Karolinska Institutet Holding is a subsidiary of KI Holding AB. Searches of KI Holding/Karolinska Institutet Holding show activity: KI Holding is part of Trio Impact Invest announced 3 Oct 2025, and KI Holding had calls for pre-seed investments Oct 2024-Jan 2025. The most concrete fund-related announcement referencing KI Holding as owner is dated 3 Oct 2025, which is within less than 12 months relative to Nov 1, 2025? However, the latest confirmed investment in a named startup found in KI-related pages is the pre-seed call Oct 2024-Jan 2025 (no specific startup named). No clear public record of a named startup investment after Oct 1, 2024 was found. The most recent specific startup investments by KI Holding in publicly available sources predate more than 12 months. For example, KI Holding’s ownership stake note referencing Karolinska Development and portfolio companies does not list recent transactions within the last 12 months. The named startup found in KI/portfolio pages includes 3N Bio which appears earlier. Therefore classify as not-active.
Northislet Northislet is a Nordic growth investor focused on investments in technology and life sciences. Searches found Northislet portfolio but no evidence of investments in 2025 or late 2024. The latest visible activity on Northislet website and portfolio pages lists companies (for example, Elypta) but shows no dated investment after mid-2024; the last confirmed investment date found is more than 12 months prior to the reference date, indicating inactivity over 12 months. The startup mentioned in sources: Elypta.
Life Science Invest Life Science Invest is an investment firm that specializes in investment in the field of healthcare digital services and Medtech. The fund’s website shows a press release announcing an investment in Abarceo Pharma dated 27 oktober 2025. That investment is within the last 3 months from the reference date, so the investor is classified as very-active. Startup invested: Abarceo Pharma.
Harmar Harmar aims to create value in economic, social, and human terms through long-term ownership and a mission to create long-term ownership. I found Harmar (Harmar AB) as a Stockholm-based private investment company and located public references to investments (e.g., mention of support for the startup Mabtech / involvement with Bust via family office Harmar AB). The most recent verifiable investment announcement I could find was in 2024 (Series A backing referenced Oct 18, 2024 for a company where Harmar was listed as an investor). Calculating time since that investment to the evaluation date yields more than 12 months, so classify as not-active.
Erik Selin Fastigheter Erik Selin Fastigheter is a provider of real estate and property management services. I found a documented shareholding by Erik Selin Fastigheter AB as of 30 June 2025 in K-Fastigheter (holding 32.4% of share capital). That indicates investment activity within the last 6 months from the reference date, with the investment/ownership confirmed mid-2025. The invested company identified: K-Fastigheter. Time since last known investment is approximately 4 months, which places the investor in the ‘active’ category.
Walerud Ventures Walerud Ventures joins pre-seed and seed stage companies as investors, advisors and part-time employees. Deep tech that is planet-positive. Walerud Ventures’ most recent investment found is in AirForestry (Airforestry / AirForestry.com) with a reported investment date of October 9-10, 2024. Calculating forward from that date yields a time difference of less than 12 months but more than 3 months, placing the last investment within the 6-to-12-month window. Therefore the appropriate classification is the one corresponding to that interval.
Navamedic Navamedic is a pharmaceutical company that offers prescription and OTC medications, as well as other healthcare products. Navamedic published company news and press releases in October 2025, including investments/expansion announcements on 17 Oct 2025 and 28 Oct 2025. The most recent known activity is within one month, which is less than 3 months ago, classifying as very-active. Mentioned startup/business: Evolsin Medical.
Karolinska Karolinska Development is an investment firm focused on identifying medical innovation and supporting the creation and growth of companies. Karolinska Development invested in BOOST Pharma with a reported investment and press releases in 2025 (BOOST Pharma, multiple reports in Oct-May 2025). The most recent known investment activity is within the last 6 months (investment activity in 2025), indicating very recent activity.
JEQ Capital JEQ Capital is an alternative investment vehicle that focuses on growing Nordic businesses. Searches on JEQ Capital’s website and broader web returned portfolio references and corporate documents showing activity up to Oct 2024 (example: Qlife transaction announced Aug-Oct 2024). No evidence of investments or announcements in the past 12 months from the reference date; the last identifiable investment-related action is in Aug-Oct 2024, which is more than 12 months prior to the calculation date. The investee identified in the sources is Qlife (assets acquisition/directed issue). Given absence of any 2025 investment announcements, classify as not-active.
Gelba Management Gelba Management is an owned by families firm of investors that focuses on long-term value generation. I found a confirmed investment by Gelba Management into the startup Byhmgard on 05 October 2024. Calculating from that date to the reference date shows the last known investment occurred between 6 and 3 months ago, which fits the corresponding activity band.
SEB Private Equity SEB Private Equity is a Swedish finance company offering corporate customers advisory services and products. SEB Private Equity lists Smedbo with investment year 2024 on its portfolio page and Handling and refinement of specialty waste listed with investment year 2024. The most recent investments in 2024 are between 6 and 3 months ago relative to the required reference date, making the correct classification ‘active’. The startup invested named Smedbo (and Handling and refinement of specialty waste) supports this determination.
Loop Capital Loop Capital specializes in making early-stage investments in Skåne. Found evidence: Loop Capital participated in a funding round for Partihandel.se (described as partihandel.se) announced in mid-October 2025 (coverage mentions funding first covered on October 17, 2025). The time between that investment and the evaluation date is less than 6 months, so the investor is categorized as very-active.
Elementa Management Elementa Management specializes in investment management and operates a research-driven absolute return fund. Elementa Management’s own monthly report dated October 2025 documents long positions and contributors in October 2025 including investments in Storytel and Acast. The most recent known investment activity is October 2025, which is less than three months before the reference date, therefore classify as very-active.
Santhe Dahl Invest Santhe Dahl Invest is an investment vehicle owned by Santhe Dahl. Search found investment activity: Santhe Dahl Invest participated in Exeger funding reported 23 December 2022. The startup invested: Exeger. From that date to the reference date exceeds 12 months (more than 2 years), so classification is not-active.
Måsskäret Invest Måsskäret Invest is an investment firm. Found a documented investment by Måsskäret Invest AB in Serstech via a directed share issue published 25 November 2024. That investment date is between 12 and 6 months before the reference date, placing the investor in the “active” category. The startup/company invested: Serstech.
OctaQuest OctaQuest is a women-led investment firm that invests in start-up companies with female or mixed founder teams. Nordic9 lists portfolio investments including Leia (funding rounds in 2024, 2023, 2022) and shows distribution: 2024 (1). The latest tracked investment is in 2024; assuming that investment occurred sometime in 2024, it is now more than 12 months since their last known investment (from November 1, 2025 perspective), so classify as ‘not-active’. The startup invested was Leia (LEIA Health).
Sunda Holding i Stockholm Sunda Holding i Stockholm is an investment firm. I found a press release showing Sunda Holding i Stockholm AB participated in a directed share issue in Serstech on 25 November 2024 (investment in startup Serstech). From that date to the reference date is less than 12 months and more than 3 months, specifically about 11 months and a week, which places the last known investment within the 12-6 months window.
Gilion Accelerating founders. We help entrepreneurs achieve big things in short spaces of time through growth funding and analytics. Found Gilion’s website and About page listing the firm; recent investment evidence: Gilion invested in the startup Mindler (example) – however primary source indicates ongoing activity with investments in 2025. The last known investment occurred within the past 3-6 months, so classify accordingly.
node.vc node.vc is an early-stage venture capital fund investing in groundbreaking technology start-ups. I found evidence that node.vc participated as an investor in the seed round for Serverpod, which was announced on February 19, 2025. That investment occurred between 6 and 3 months before the reference date, so node.vc is classified accordingly. The startup invested was Serverpod.
Wellstreet Wellstreet exist to build and accelerate the innovations and entrepreneurs of today, leading to a better and sounder tomorrow. Wellstreet published multiple investment announcements in 2024 and 2025, including a Sep 10, 2024 announcement for Key Ward and other portfolio investments through 2025. The most recent confirmed investment activity (Tracxn reports investments as of Sep 2025 and Wellstreet site shows ongoing 2024-2025 deals) places the last known investment within the last 3 months window. Notable startup invested: Key Ward. Timing calculation: latest activity falls within 3 months prior to the reference date, indicating very active status.
Volvo Group Venture Capital Volvo Group Venture Capital is a corporate investment company making growth equity and capital investments since 1997. Searches found a confirmed investment by Volvo Group Venture Capital in Waabi (strategic investment announced via Waabi) and PitchBook lists an investment on 02-Apr-2025 in Prewave. The most recent clearly dated investment found is 2 April 2025 (Prewave). Calculating from that date to the reference date yields over six months and also over twelve months? From 2 April 2025 to November 1, 2025 is almost 7 months – that falls between 12 and 6 months, but the tag definitions map 12-6 months to low-active. However additional Volvo site item shows an investment in September 2024 (aifleet) earlier. The most recent is April 2, 2025-which is between 6 and 12 months ago, thus the correct classification is low-active.
Johan Billgren Johan is one of the founding members of inRiver. Prior to inRiver, he held leading positions as Project Manager, Senior Advisor, and Account… Found a confirmed investment by Johan Billgren in Squidler on Sep 16, 2024. The investment date is within 6 to 14 months prior; calculating time since investment to Nov 1, 2025: from Sep 16, 2024 to Nov 1, 2025 is 411 days (~13.5 months). However there is also evidence of participation in a funding round mentioned in Swedish Tech Weekly (date unspecified) and involvement as Chairman at Pluvioflow Nov 14, 2024. The most recent confirmed investment activity is Sep 16, 2024, which is more than 12 months ago and therefore should be classified as low-active.
Filip Lilja Filip Lilja is the Co-founder and Special Projects at Einride. LinkedIn and other sources show Filip Lilja is an angel investor and recently active: his LinkedIn indicates current founder role at Ertzy starting July 2024 and shows involvement with Einride; public reports show Einride raised large funding rounds in 2025 (June 2025 coverage) and he is listed as founder/associated. However, most relevant is evidence of investment activity within last 6 months: Bloomberg and Forge references about Einride financing in mid-2025 indicate involvement around June-July 2025, which is within 6 months of the reference date, so classification is very-active.
Zenith Venture Capital Zenith Venture Capital invests in early stage tech companies in the Nordics I found a press article reporting Zenith Venture Capital led/backed a €1.5M pre-seed round for Stockholm startup Hedda on September 29, 2025. That investment is less than 3 months before the reference date, so tag is very-active.
Aggregate Media Aggregate is a venture capital company investing with media as expansion capital – media for equity. Aggregate Media has multiple news items showing investments in 2025: Hyph (23 October 2025), Din Psykolog (23 May 2025), Elvy (20 May 2025), Stingfree (6 May 2025), LegalBuddy (20 April 2025), Beredd (31 March 2025), Swiftcourt (14 March 2025). The most recent known investment is 23 October 2025, which is less than 3 months before the reference date, so the investor is classified accordingly.
Alfvén & Didrikson Alfvén & Didrikson is a venture capital firm that specializes on making investments in Northern European technology companies. Alfvén & Didrikson made an investment in Open Payments on 23 January 2025. Calculating from that date, the most recent investment occurred between 6 and 3 months ago, which corresponds to the appropriate category.
EKN EKN is a government-authorized body that covers export transactions with insurance and also promotes the export by Swedish companies. Searches on EKN’s official site and public press releases show EKN operates as Sweden’s export credit agency providing guarantees and financing for export transactions and larger projects, not as a typical VC that frequently invests in startups. No press release or credible source was found showing EKN made any equity investments in startups in the past 12 months. The last identified EKN involvement in supporting businesses relates to guarantees and export financing cited in 2024 materials (no startup equity deal found). Therefore, using the available public records, the most appropriate classification is that their last known investment activity occurred more than 12 months ago (not-active). The reasoning references EKN’s public support for exports; no startup name with a recent equity investment was found.
Klimatet Invest Klimatet Invest is to create long-term growth by investing in companies with good growth potential in clean tech. Klimatet Invest’s website lists news posts dated 11 January 2024 and portfolio investments including Utilifeed and others. The most recent known investment-related activity (news about portfolio companies) is 11 January 2024. From the reference date, that is between 6 and 3 months ago? Wait recalculating: Given target date Nov 1, 2025, the last activity on 11 Jan 2024 was 21 months prior, which is more than 12 months. However there is evidence of Klimatet Invest investing in Utilifeed with data sources indicating investments by Klimatet Invest (e.g., PitchBook profile and Utilifeed investor listing), but no later dates found beyond Jan 11, 2024. Therefore time since last known investment is ~21 months, which fits ‘not-active’. The startup mentioned: Ligna Energy (news) and Utilifeed (investment listing). The correct tag is not-active.
Jovitech Invest Jovitech Invest help entrepreneur-led companies to grow profitably through active, long-term ownership Jovitech Invest’s website shows a recent investment in HardSkills AB dated 2025-09-15. That investment is within 3 months to 6 months prior to the reference date, placing the investor in the ‘active’ category. The startup invested: HardSkills AB.
Paxport Paxport is a travel solutions and global merchandising system provider that simplifies and manages critical operations. I found a Paxport announcement that Paxport acquired a minority stake in PnrGo on 15 January 2025. The investment date is within less than 3 months from the reference date, so classify as very-active. The startup invested: PnrGo.
EQT Dementia Fund EQT Dementia Fund is a dedicated investment fund established by EQT Life Sciences. I found a July 16, 2024 press release showing the LSP Dementia Fund (EQT Life Sciences’ Dementia Fund) invested in Asceneuron SA. The invested startup: Asceneuron. From that date to the reference date is between 6 and 3 months ago, placing the fund in the corresponding activity band.
EQT Health Economics EQT Health Economics is a strategic investment initiative under the EQT Group. Search results show EQT Health Economics made investments in 2025 (Cyted Health, Sept 2025) and earlier in 2025 (Sequana Medical convertible in March 2025). The most recent identified investment is Cyted Health in September 2025 – less than 3 months before the assessment date, indicating very recent activity. The startup invested: Cyted Health.
Industrivaerden Industrivärden is a fund manager and active shareholder of listed companies. Search of Industrivärden press releases and site shows public activity (interim reports, NAV updates) but no press release indicating a direct investment in startups or portfolio investments in 2025 or 2024. Industrivärden is an active shareholder of listed companies; latest specific investment-like activity on their site is not found. Given no evidence of any known investment in the past 12 months, classify as not-active. No specific startup investment was identified in the last 12 months.
CNI CNI is a network of professional investors and high-profile members. I found a press release showing CNI co-led an investment in Insurely on 12 Dec 2023. From that date to the reference date, more than 12 months have passed (approximately 22 months), so the investor’s last known investment was more than 12 months ago. The startup invested was Insurely.
Goose Valley Ventures Goose Valley Ventures is a FinTech-focused venture capital firm dedicated to supporting innovative startups. Found a press release on Goose Valley Ventures’ website announcing an investment in Transtar dated December 19, 2024. The startup invested was Transtar. Using the required date for calculation, the most recent known investment was 10 months and 13 days before today. This places the last investment between 12 and 6 months ago, which corresponds to ‘active’.
Dagg AI Dagg AI offers AI consulting services that focus on strategy development. Found evidence Dagg AI participated in an investment in Big Audience Machine (BAM) announced 4 December 2024. From that date to the decision date is ~11 months – within 12 to 6 months window. The startup invested: Big Audience Machine.
Pamica AB Pamica AB is a group of Swedish entrepreneurs. Pamica Group AB announced acquisitions in 2025: HTSM Eskilstuna on May 13, 2025 and ABC Karossen i Mönsterås AB on August 12, 2025 (also further acquisitions in August and November 2025). The most recent known investment/acquisition was August 12, 2025 (ABC Karossen). From that date to the reference date is less than 3 months, indicating the investor is very active. Mentioned invested company: ABC Karossen i Mönsterås AB.
Amir Marandi Amir Marandi – CEO and Co-Founder @ Zaver Nordic9 shows a tracked investment in 2024 (Vetnio) by Amir Marandi. The last known investment is in 2024, which is less than 6 months prior to the reference date used for classification, placing him in the highest activity bracket. The invested startup identified: Vetnio.
Fredrik Limsater Fredrik Limsater – CEO and Founder @ ftrack Tracxn lists an investment by Fredrik Limsater in Big Audience Machine on Dec 4, 2024. Calculating from that date to today indicates the last known investment was less than 11 months ago, which places him within the most recent activity window.
Alimak Group AB Alimak Group is a supplier of elevators, platforms and after-market service for the industrial and construction sectors. Alimak Group AB announced acquisitions/investments in December 2024 (investment in robotics technology for building maintenance) and June 18, 2025 (acquired industrial elevator business in the US). The most recent known investment (June 18, 2025) is less than 6 months before the reference date, indicating the investor is very active. The invested/acquired targets include an industrial elevator business in the US and a robotics technology company for building maintenance.
Highlands and Islands Enterprise Highlands and Islands Enterprise is the economic and community development agency for the Scottish Government. I found HIE announcements of investments in 2025, including HIE approving and committing funds (e.g., approved up to £78.5m in 2024/25 and specific approvals published 29 July 2025 and March/October 2025). The most recent identified investment activity is July 29, 2025 (island investment outturns) and March 17, 2025 (approved up to £10m at Port of Nigg). The most recent named investment related to a project is the Nigg Inner East Quay funding and island/Orkney investments; these are within 6 months to 3 months prior to the reference date, placing the investor in the ‘active’ category.
Knutsson Holdings AB Knutsson Holdings AB is an family owned private equity firm. I found a press release showing Knutsson Holdings AB became a larger shareholder in Drifter World on April 10, 2024. The investment date is 570 days prior to the reference date, which falls between 6 and 12 months ago threshold? Calculation: April 10, 2024 to November 1, 2025 is more than 12 months? Wait recalculation: From April 10, 2024 to April 10, 2025 = 12 months; to November 1, 2025 = 19 months. This means the last known investment was more than 12 months ago. Therefore tag should be not-active.
Imperia Fastigheter Imperia Fastigheter is a real estate firm that provides property management and development services. I found an investment by Imperia Fastigheter in Drifter World dated July 1, 2023 (initial investment) and another reported led investment in Drifter World on Dec 16, 2024. The most recent confirmed investment activity is Dec 16, 2024, which is more than 10 months prior to the reference end date; however the interval between that date and November 1st, 2025 is more than 10 months? Recalculate: From Dec 16, 2024 to Nov 1, 2025 is 320 days (~10.5 months). This falls between 6 and 12 months, but the precise classification thresholds: not-active >12 months, low-active 12-6 months, active 6-3 months, very-active <3 months. Since the last known investment (Dec 16, 2024) is between 12 and 6 months ago, Imperia Fastigheter should be tagged low-active.
Latour Future Solutions Latour Future Solutions is an holding company targets sustainability-focused growth companies. Latour Future Solutions published a portfolio and investment info on its corporate site. The latest identifiable investment is in PLANT (Plantagon/PLANT or PLANT AB listed on Latour’s holdings page). However, specific investment dates from the site indicate activity within the past 6 months. The investor has made an investment less than 6 months ago but more than 3 months ago, placing it in the 6-to-3 months range (active). The invested startup named PLANT is referenced as the latest known investment.
Ribbskottet Ribbskottet is an investment company. I found a press release showing Ribbskottet AB purchased shares in SciBase on September 10, 2025 (investment in SciBase). That is less than 3 months before the reference date, so tag as very-active.
Per-Olof Andersson Per-Olof Andersson is the Co-Founder and Board Member of AQ Group. Crunchbase lists one personal investment by Per-Olof Andersson in the startup Drifter with related funding news dated Dec 16, 2024. From that date to the reference date is about 10.5 months, which falls between 12 and 6 months ago. Therefore the appropriate classification is ‘active’.
Molnlycke Health Care Mölnlycke Health Care is a provider of high-quality healthcare solutions for customers, healthcare professionals and patients worldwide. I found a press release showing Mölnlycke Health Care invested USD 8 million in the startup Siren on 8 January 2025. From the current reference date, that investment occurred between 6 and 3 months ago, so the appropriate classification is active.
Sound Bioventures Sound Bioventures is a venture capital fund investing in clinical stage companies. Sound Bioventures’ website and press show an investment in AnaCardio with a press release dated Jan 9, 2025. The time between that investment and the reference date is between 6 and 3 months, which corresponds to the assigned category. The invested startup mentioned: AnaCardio.
NEA Partners NEA Partners is a Swedish investment company founded in 2017 with the idea of combining the best of entrepreneurship. Crunchbase and CB Insights show NEA Partners invested in Qvantum (Series C) on January 6, 2025. That investment is under 3 months before the reference date, indicating very recent activity.
DIG Investment DIG Investment is an investment office focused on direct investments in the global alternatives markets. CB Insights reports DIG Investment’s latest investment was Qvantum (Series C) on January 7, 2025. Calculating from that date to November 1, 2025 gives a gap of just under 10 months, which places the investor in the range between 12 and 6 months ago.
FAM AB FAM AB is a privately owned holding company that manages assets as an active owner with a long-term ownership horizon. Searches on FAM AB (fam.se and news) show recent press releases about corporate matters and holdings transfers; the latest clear investment-related activity found was FAM acquiring 25% of Qarlbo Energy (press reported April 25, 2023). That investment is more than 12 months prior to the reference date, so classify as not-active. The startup/company invested: Qarlbo Energy.
Max Junestrand Max Junestrand is the CEO and co-founder of Legora, where he focuses on developing AI assistants for lawyers. Prior to Legora, Max contribut… Tech.eu and multiple news sources report Legora raised a $150M Series C on October 30, 2025, with Max Junestrand identified as CEO and co-founder. That investment event is less than 6 months prior to the reference date, indicating very recent activity.
Partnerinvest Norr Partnerinvest Norr is a private equity firm specialized in software, security, and biometrics sectors. Tracxn lists recent investments by Partnerinvest Norr including Remos on Mar 30, 2025 and crg.studio on Jul 16, 2025. The most recent known investment (crg.studio) is dated Jul 16, 2025, which is between 3 and 6 months before today, so classify as active. The startup invested most recently: crg.studio.
Marginalen Bank Marginalen Bank is a different kind of bank which can help to simplify your finances. Searched Marginalen Bank sources and press page; no public record found of Marginalen Bank making startup investments in 2023-2025. The latest verifiable investment activity by Marginalen Bank could not be found. Using default: considered not-active as no recent investments identified within past 12 months; no specific startup investment date found to indicate more recent activity (no startup names with recent dates).
Curitas Ventures Curitas Ventures is an early-stage and growth investor. I found a Feb 14, 2025 article reporting Curitas Ventures participated in Senseworks’ €2.6M round. That investment is less than 3 months prior to the reference date, so classify as very-active. Startup invested: Senseworks.
Kaknäs Invest Kaknäs Invest is supporting and investing in entrepreneurs building innovative companies. Found a confirmed investment by Kaknäs Invest in Senseworks on 2025-01-28 (Senseworks raised 30 million SEK; Kaknäs Invest participated). From 2025-01-28 to the reference date is less than 3 months, indicating very recent activity.
Hans Von Knorring Hans von Knorring is the founder of Lumera. Searches show recent notable investment activity involving Lumera: SEB’s minority investment in Lumera on Oct 23, 2024. Hans von Knorring is founder/chairman of Itello and associated with Lumera historically, but there is no public record found of Hans von Knorring personally making investments after Oct 23, 2024. The last identifiable investment related to his company occurred on 2024-10-23, which is more than 12 months before the reference date, so classify as not-active. The investment involved Lumera (the startup).
Mudcake We back founders reshaping the food system Mudcake’s website lists portfolio companies but no dates. External sources show recent activity in 2025: Tracxn notes 3 new investments in last 12 months (Oct 17, 2025) and Solvable Syndicate profile (Jul 14, 2025) indicates deployment ongoing in 2025; specific portfolio investment includes Mission Barns (invested prior but overall fund has deals in 2025). The latest known announced investments place their most recent investment within the past 6 months, so classify as active.
Norrsken Launcher Norrsken Launcher partners with researchers and scientists to scale transformative innovations for a sustainable future. I found evidence of Norrsken Launcher participating in investments within the past 6 months. Specifically, Norrsken Launcher was listed as an investor in Biorce (July 2025) and in other rounds including a May 2024 investment in Blykalla. The July 2025 investment is within 6 months, indicating recent activity in the active/very-active window. Given the July 2025 date is between 3 and 6 months prior to the calculation date, the appropriate classification is ‘active’.
Fåhraeus Startup and Growth Fåhraeus Startup and Growth is a venture capital fund that invests early in life science and tech companies. I searched the fund website and portfolio page and found portfolio companies including Promimic (investment reported on external sources in 2025). The most recent public investments by Fåhraeus Startup and Growth include Promimic (2025). Given that an investment occurred within the past 6 months but more than 3 months ago, the appropriate classification is active.
PINC PINC, the impact driven CVC of Paulig Group, invests in early stage startups in and around the future of food. I found multiple press releases on Paulig Group’s website showing PINC investments in 2025: PINC invested in BlueRedGold on 18 June 2025 and in Glenntex on 12 March 2025, and joined an investment in Scindo on 23 September 2025. The most recent known investment is Scindo on 23 September 2025, which is less than 3 months before the reference date, therefore classify as very-active. The startup invested in the most recent press release is Scindo.
Webrock Ventures We invest in leading Scandinavian technology companies for successful roll out in Brazil. Webrock Ventures’ website shows portfolio companies including Lara. Public sources (Webrock site and Marketscreener news) indicate a portfolio company Lara with more recent company activity but the latest disclosed VC investment by Webrock (Lara) dates from 2024; there are corporate news items in October 2025 related to corporate governance rather than new investments. The most recent confirmed investment activity found is from 2024, which is more than 12 months prior to the assessment date, indicating the investor has not made investments within the past 12 months.
Stockholm Business Angels, STOAF STOAF is an early stage investment company that backs deep technology ventures. I searched the STOAF website but found no dated portfolio entries. External search results (CB Insights / news snippets) show STOAF participated in investments as recently as 2025, including an investment in Ambidex (May 14, 2025) and involvement with Uman Sense (Aug 30, 2024). The most recent verifiable investment found is Ambidex in May 2025, which is between 6 and 3 months before the reference date, so classify as active.
LIU Invest LIU Invest invests in companies based on projects and ideas from Linköping University. LiU Invest published news showing investments on 2025-10-01 (exit), 2025-08-07 (investment in SonicFlora), 2025-04-04 (involvement with Polar Light Technologies), 2025-03-24 (investment SEK 500,000 in Cordicity), and 2025-03-17 (investment in Sindri Production). The most recent investment activity is 2025-08-07 in SonicFlora, which is less than 3 months before the reference date, so classify as very-active.
Thomas Ekman Born in 1969. President and CEO. Employed at Dustin since 2018. Education: M.Sc Business Administration and Economics from Stockholm Univer… I found a news article showing Thomas Ekman participated in an angel round for the startup The Wild Ventures on April 3, 2025. The time since that investment is less than 3 months, so the appropriate classification is very-active.
Philippe Klintefelt Collet Philippe Klintefelt Collet I found a LinkedIn entry showing Philippe Klintefelt Collet made an angel investment in The Wild Ventures (role started Feb 2025) and other investment roles listed including Lucid Capital (Dec 2024) and involvement with Riff and Aibidia. The most recent investment activity is February 2025 (The Wild Ventures / angel investor). The period since that investment until the reference date is between 3 and 6 months, which places him in the corresponding activity bracket.
SSE Ventures The early-stage venture capital firm of the Stockholm School of Economics SSE Ventures’ portfolio page lists companies and states portfolio since 2022 but provides no specific recent funding dates. External sources indicate Scrintal’s latest funding was a Seed on Jan 19, 2023. No public investments by SSE Ventures found after 2023. The last known invested startup found (Scrintal) shows activity in January 2023, which is more than 12 months ago (over 2 years). Therefore the appropriate classification is not-active.
Söderberg & Partners Söderberg & Partners is a financial adviser and broker for insurance and financial products. Tracxn and multiple news articles report Söderberg & Partners made an investment in Murphy Wealth on Apr 16, 2025. That date is between 6 and 3 months before November 1, 2025 (about 6.5 months earlier), placing the last known investment in the 6-to-3 month window. Startup invested: Murphy Wealth.
Karl-Johan Persson Karl-Johan Persson, born in 1975, has been the Managing Director and Chief Executive Officer of H & M Hennes & Mauritz AB since 1 July 2009…. Searched external sources and found Karl-Johan Persson listed as an investor in Hailey HR; he participated in a funding round reported October 17, 2023. From that date to November 1, 2025 is more than 24 months (over 2 years), which is longer than 12 months, so classify as not-active.
Scania Invest Scania Invest is a corporate venture capital arm of Volkswagen-owned Scania. Scania Invest’s most recent confirmed investment found is a minority investment in Waabi on 18 June 2024. Using the required reference date, that investment occurred more than 12 months ago (approximately 16 months prior), so classify as not-active. The invested startup identified: Waabi.
Riksgälden Riksgälden is a government administrative authority that regulates the economy and financial system of Sweden. Searches of Riksgälden press releases and site show recent activity focused on government borrowing, bond sales, and credit guarantees (e.g., a green credit guarantee for a loan to SSAB on 29 April 2025). No evidence was found of equity or startup investments. The last identified investment-like action (credit guarantee) occurred on 29 April 2025, which is more than six months and more than twelve months? Today is Nov 1, 2025; from 29 April 2025 to Nov 1, 2025 is 186 days (~6 months). However, that action is a credit guarantee to SSAB (not a startup equity investment). No startup investment located. Given absence of any startup/equity investment record, default to not-active.
LRF Ventures LRF Ventures is a corporate venture capital firm that invests in early-growth ag-tech startups. Search results show LRF Ventures participated in an investment in Gårdsfisk on 11-Mar-2025. That is within less than 3 months prior to the reference date, indicating very recent activity.
Skåne Ventures Skåne Ventures is a financial company that provide angels funding. Searches found that Skåne Ventures launched and began making investments in 2024, with reported investments continuing into 2025 – specifically an investment in Nimt AI on July 10, 2025. The most recent known investment (Nimt AI) is within 6 months but more than 3 months prior, placing the time since last investment between 6 and 3 months; therefore classify as active.
Red Dawn Ventures Red Dawn Ventures makes investments in technology and gaming firms. PitchBook shows Red Dawn Ventures’ latest investment was The Wild Ventures on 03-Apr-2025. That investment is less than 3 months prior to the evaluation date, so classify as very-active.
8+ Ventures 8+ Ventures is a venture capital and consulting company that offers services in strategy, evaluation, business model design, and valuation. Found portfolio on the investor’s official site (eightplusventures.com) showing investments including Re:Meat, Arbon Earth, Trine, Taimba and others. However the portfolio page does not list explicit dates. Additional sources (Nordic9 and Dealroom) indicate investments in 2025 and 2024. The most recent documented investment is in 2025 (within last 6 months), so classify as active.
LEVELS – The Venture Studio Levels venture studio builds excellent ideas into successful businesses by co-founding, investing, and sharing both risk and upside. I found evidence that Levels acted as a venture partner in FeedbackFrog (established 2018) but could not find any specific investment dates or recent funding activity on Levels’ site or other sources indicating investments in the past 12 months. The most concrete Level involvement described is earlier (sweat-equity/early-stage support) with no dated investments within the last year. Therefore classify as not-active.
Creades AB Creades is an investment company investing in businesses that have the potential for revaluation and value creation. Creades’ website shows multiple 2025 press releases documenting investments and divestments, including an investment in Lumene Group and completion of the Silex Microsystems investment in 2025. The most recent investment activity is within the last 6 months (2025), specifically investments in Lumene Group and Silex Microsystems, which places the investor in the ‘active’ frequency range based on the time since last investment (between 6 and 3 months ago).
H&M Group H&M Group is a group of brands that design and sell clothing. H&M Group Ventures publicly announced an investment in A Retro Tale on March 30, 2025. The time since that investment is between 6 and 3 months, which places H&M Group in the corresponding activity band.