Sweden · Investor

Industrifonden

Last cheque observed Oct 2026; 140 cheques on record.

Deploying nowVC firm

SeedSeries ATech-enabled HealthEhealthGreentech

Deploying now
63%of best year12cheques in 12 months, 140 on record
Since the last cheque17days00hrs00min00sec
Median round$5.8MCheque size, as they say$1.0M – $5.0MRounds led7 of 140Sole investor31 roundsExits7 from the portfolioMostly inSweden, 92%
Pitch Industrifonden

Industrifonden highlights

  1. 01

    12 cheques in the last 12 months

  2. 02

    Mostly Venture and Series A: 72% of its rounds

  3. 03

    Sole investor in 31 rounds, median $3.7M

  4. 04

    7 exits from the portfolio

What they do

We are Sweden’s Venture Capital Fund.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$1.0M – $5.0M as they say
Stages
SeedSeries A
Sectors
Tech-enabled HealthEhealthGreentech
Based in
Stockholm, Sweden
Cold pitches
Not accepted

The record

Every round we can evidence, newest first140 appearances

  1. 2026

    9 rounds

  2. Oct
    OlsAroSeed · SE · AgFunderNews$5.5MLed
  3. Oct
    AnaCardioSeries B · CH · Firms' own news pages$71MWith 10 others
  4. Sept
  5. Sept
    EnginZymeVenture · SE$7.6MWith 3 others
  6. Aug
    Pixelgen TechnologiesSeries B · SE$16MWith 1 other
  7. Jun
  8. Mar
    CellevateSeed · SE$2.2MWith 3 others
  9. Feb
    VesiroSeed · SE$1.9MWith 2 others
  10. Jan
    TrialBeeVenture · SEUndisclosedWith 1 other
  11. 2025

    19 rounds

  12. Dec
    Melt&MarbleSeries A$8.5MWith 2 others
  13. Nov
    AlixLabsSeries A · SE · Silicon Canals$16MLed
  14. Nov
    BOOST PharmaVenture · DK$3.6MWith 1 other
  15. Oct
    ArevoVenture · SE$8.5MSole investor
  16. Sept
    SeaPatternSeed · SE · Silicon Canals$5.8MLed
  17. Sept
    YangiSeries A · SE$12MWith 1 other
  18. Aug
    Trackpaw ScientificSeed · SE$2.7MWith 1 other
  19. Apr
    CellevateVenture · SEUndisclosedWith 2 others
  20. Mar
    NovatronSeries A · SE$11MWith 2 others
  21. Mar
    GrdsfiskSeries A · SE$5.0MWith 1 other
  22. Mar
    EchandiaVenture · SE$31MWith 1 other
  23. Mar
    Tribune TherapeuticsSeries A · SE$25MWith 2 others
  24. Feb
    FibblVenture · SE$3.1MSole investor
  25. Feb
    Agteria BiotechSeed · SE$6.2MSole investor
  26. Feb
    ShardSecureDebt · US$550KWith 3 others
  27. Feb
    SenseworksVenture · SE$2.8MSole investor
  28. Jan
    Gesynta PharmaSeries B · SE · Amboy Street$27MWith 7 others
  29. Jan
    AnaCardioSeries A · SE$18MWith 2 others
  30. Jan
    Open PaymentsVenture · SE · Firms' own news pages$3.1MWith 3 others
  31. 2024

    6 rounds

  32. Oct
    AvassaVenture · SEUndisclosedSole investor
  33. Sept
    ZeroPoint TechnologiesSeries A · SE$2.7MWith 3 others
  34. May
    Fast Travel GamesVenture · SEUndisclosedWith 1 other
  35. Apr
    Telness TechSE$5.4MSole investor
  36. Mar
    Asgard TherapeuticsSeries A · SE$33MWith 2 others
  37. Jan
    TrusTraceSeries B · SE$24MSole investor
  38. 2023

    8 rounds

  39. Nov
    Texray ABVenture · SE$4.3MSole investor
  40. Aug
    Novatron Fusion GroupSeed · SE · Firms' own news pages$5.4MWith 4 others
  41. Jul
    TreebulaVenture$2.6MWith 1 other
  42. Jul
    VirkesbörsenVenture · SE$2.6MWith 1 other
  43. Jun
    HopsworksSeries B · SE$6.5MWith 3 others
  44. Apr
    ReteinSeed · SE$1.1MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 43 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What they claim to have backed

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed7 in all

ScaladoBought by NokiaUndisclosedJun 2012
NanoradioBought by Samsung ElectronicsUndisclosedJun 2012
CoresonicBought by MediaTekUndisclosedApr 2012
ConveneerBought by MbloxUndisclosedOct 2010
Illuminate LabsBought by AutodeskUndisclosedJul 2010
Cartela ABBought by Hansa Medical$616KJan 2008
Decuma ABBought by Zi CorporationUndisclosedSept 2003

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Industrifonden. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Industrifonden put money into.

Quick answers about Industrifonden

What does Industrifonden invest in?

Industrifonden invests most often at Venture and Series A (72% of the rounds on record), in sectors such as Tech-enabled Health, Ehealth and Greentech.

How active is Industrifonden?

140 investments on record, 12 of them in the last 12 months, and it led 7. The most recent was in Oct 2026.

What has Industrifonden invested in recently?

Its most recent investments on record: OlsAro (Seed, Oct 2026), AnaCardio (Series B, Oct 2026) and Evam (Undisclosed round, Sept 2026).

How big are Industrifonden's cheques?

The median round it joins is $5.8M. It says it writes cheques of $1.0M to $5.0M.

Does Industrifonden lead rounds?

Sometimes: it led 7 of its 140 investments on record (5%).

Where does Industrifonden invest?

Most of the companies it backs are in Sweden (92%).

Is Industrifonden investing now?

Yes: it is actively investing, with 12 investments in the last 12 months.

Who does Industrifonden invest alongside?

Most often Almi Invest (16 rounds together), SEB Venture Capital (9 rounds together) and Northzone (8 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it