# Luminar Ventures: portfolio, investments and team

> Luminar Ventures is a vc firm based in Sweden. 40 investments on record, 6 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/luminar-ventures (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Investor](https://millionrounds.com/investors)

# Luminar Ventures

Last cheque observed Sep 2026; 40 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A Future Of Learning Learning Management System Lms

Follow Luminar Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fluminar-ventures)

Deploying now

**46%** of best year **6** **cheques in 12 months**, 40 on record

Since the last cheque **32** days **00** hrs **00** min **00** sec

Median round **$3.5M** Cheque size, as they say **$540K – $2.7M** Rounds led **2 of 40** Sole investor **9 rounds** Mostly in **Sweden, 81%**

Pitch Luminar Ventures

## Luminar Ventures highlights

- 01 6 cheques in the last 12 months
- 02 Mostly Seed and Series A: 64% of its rounds
- 03 Sole investor in 9 rounds, median $3.0M

## What they do

> As former founders and angel investors, we've now built the most active seed-stage VC fund in the Nordics. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $540K – $2.7M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Future Of Learning Learning Management System Lms
- **Based in:** Stockholm, Sweden
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **40 appearances**

- **2026** 6 rounds
- **Sept** **[IPercept](https://millionrounds.com/company/ipercept)** Series A · SE · ArcticStartup **$17M** With 4 others
- **Jun** **[Fika Jobs](https://millionrounds.com/company/fika-jobs)** Pre-seed · SE · TechCrunch **$4.0M** *Led*
- **Jun** **[Lightbringer](https://millionrounds.com/company/lightbringer)** Series A · SE **$10M** With 2 others
- **Apr** **[RedpineAI](https://millionrounds.com/company/redpineai)** Seed · SE · NordicNinja (JB Nordic Fund I) **$8.0M** With 5 others
- **Mar** **[Photoncycle](https://millionrounds.com/company/photoncycle)** Series A · NO · NordicNinja (JB Nordic Fund I) **$17M** With 6 others
- **Feb** **[Berget AI](https://millionrounds.com/company/berget-ai)** Pre-seed · SE **$2.5M** With 1 other
- **2025** 9 rounds
- **Oct** **[FirstQFM](https://millionrounds.com/company/firstqfm)** Pre-seed · SE **$1.4M** With 1 other
- **Sept** **[Greenely](https://millionrounds.com/company/greenely)** Series A · SE **$3.7M** With 4 others
- **Aug** **[Mindler](https://millionrounds.com/company/mindler)** Debt · SE **$12M** With 2 others
- **Jul** **[Opper AI](https://millionrounds.com/company/opper-ai)** Pre-seed · SE **$3.0M** Sole investor
- **Jun** **[Motorica](https://millionrounds.com/company/motorica)** Seed · SE **$5.8M** Sole investor
- **May** **[Ivy Interactive](https://millionrounds.com/company/ivy-interactive)** Pre-seed · SE **$1.0M** Sole investor
- **Apr** **[Mynt](https://millionrounds.com/company/mynt)** Venture · SE **Undisclosed** With 1 other
- **Feb** **[ReCarber](https://millionrounds.com/company/recarber)** Seed · SE · Silicon Canals **$5.3M** *Led*
- **Jan** **[Open Payments](https://millionrounds.com/company/open-payments)** Venture · SE · Firms' own news pages **$3.1M** With 3 others
- **2024** 7 rounds
- **Dec** **[Lightbringer](https://millionrounds.com/company/lightbringer)** Seed · SE **$4.3M** With 1 other
- **Dec** **[Corsmed](https://millionrounds.com/company/corsmed)** Seed · SE **$3.5M** Sole investor
- **Nov** **[Deckmatch](https://millionrounds.com/company/deckmatch)** Seed · NO **$3.0M** With 1 other
- **Nov** **[Yazen](https://millionrounds.com/company/yazen)** Series A · SE **$21M** Sole investor
- **Oct** **[Aviant](https://millionrounds.com/company/aviant)** Grant · NO **$1.0M** With 1 other
- **Jul** **[Hypertype](https://millionrounds.com/company/hypertype)** Seed · SE **$666K** With 4 others
- **Jan** **[Carla](https://millionrounds.com/company/carla)** Venture · SE **Undisclosed** With 2 others
- **2023** 2 rounds
- **Sept** **[Rocky Road](https://millionrounds.com/company/rocky-road)** Seed · IS **$3.0M** Sole investor
- **Aug** **[CodeScene](https://millionrounds.com/company/codescene)** Series A · SE **$8.3M** With 1 other
- **2022** 6 rounds
- **Sept** **[Hiber](https://millionrounds.com/company/hiber)** Venture · SE **Undisclosed** With 4 others
- **Aug** **[Muninn](https://millionrounds.com/company/muninn)** Seed · DK **$2.5M** With 1 other
- **Jul** **[Normative.io](https://millionrounds.com/company/normative-io)** Series B · SE **$32M** With 3 others
- **Jun** **[Vibrant](https://millionrounds.com/company/vibrant)** Seed · DK **$4.2M** With 1 other
- **Mar** **[Insurely](https://millionrounds.com/company/insurely)** Series A · SE **$21M** With 1 other
- **Feb** **[xNomad](https://millionrounds.com/company/xnomad)** Seed · SE **$3.2M** With 4 others
- **2021** 5 rounds
- **Sept** **[Health Integrator](https://millionrounds.com/company/health-integrator)** Seed · SE **$2.3M** With 2 others
- **Aug** **[BYON8](https://millionrounds.com/company/byon8)** Seed · SE **$1.5M** Sole investor
- **Jul** **[Starmony](https://millionrounds.com/company/starmony)** Seed · SE **$3.4M** With 2 others
- **Jul** **[Insurello](https://millionrounds.com/company/insurello)** Venture · SE **$17M** With 1 other
- **May** **[Frequencz](https://millionrounds.com/company/frequencz)** Seed **$4.1M** With 1 other
- **2020** 2 rounds
- **Jul** **[Petbuddy Group](https://millionrounds.com/company/pet-buddy-group)** Seed **$1.0M** Sole investor
- **May** **[Omocom](https://millionrounds.com/company/omocom)** Seed **$4.0M** With 3 others
- **2019** 2 rounds
- **Jun** **[Open Payments](https://millionrounds.com/company/open-payments)** Seed · SE · FinSMEs **$1.4M** With 2 others
- **May** **[Albacross](https://millionrounds.com/company/albacross)** Venture **$1.0M** With 1 other
- **2018** 1 round
- **Nov** **[Frankly](https://millionrounds.com/company/frankly)** Venture · IT **$1.4M** Sole investor

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 **8** 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

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

G-w

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.

## The cheque

Pre-seed Seed Series A

Median round joined **$3.5M** the round, not its cheque Alone, median **$3.0M**

Led 2 of 40 rounds **5%**

- **Said size:** $540K – $2.7M
- **Sole investor:** 9 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Seed said *18*
- Series A said *7*
- Venture *7*
- Pre-seed said *5*
- Grant *1*
- Debt *1*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Alliance VC](https://millionrounds.com/fund/alliance-vc) 4
- [Sting](https://millionrounds.com/fund/sting) 4
- [Almi Invest](https://millionrounds.com/fund/almi-invest) 3
- [ByFounders](https://millionrounds.com/fund/byfounders) 3
- [Inventure](https://millionrounds.com/fund/inventure) 3
- [Antler](https://millionrounds.com/fund/antler) 2

**Pitching Luminar Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

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

[**Alliance VC** VC firm **4** rounds together](https://millionrounds.com/fund/alliance-vc)[**Sting** VC firm **4** rounds together](https://millionrounds.com/fund/sting)[**Almi Invest** VC firm **3** rounds together](https://millionrounds.com/fund/almi-invest)[**ByFounders** VC firm **3** rounds together](https://millionrounds.com/fund/byfounders)[**Inventure** VC firm **3** rounds together](https://millionrounds.com/fund/inventure)[**Antler** VC firm **2** rounds together](https://millionrounds.com/fund/antler)[**J12 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/j12)[**Max Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/max-ventures-2)[**NordicNinja (JB Nordic Fund I)** VC firm **2** rounds together](https://millionrounds.com/fund/nordicninja)[**Ventech** VC firm **2** rounds together](https://millionrounds.com/fund/ventech)

## Recently backed

The latest companies Luminar Ventures put money into.

[**IPercept** $17M · Sept 2026](https://millionrounds.com/company/ipercept)[**Fika Jobs** $4.0M · Jun 2026](https://millionrounds.com/company/fika-jobs)[**Lightbringer** $10M · Jun 2026](https://millionrounds.com/company/lightbringer)[**Photoncycle** $17M · Mar 2026](https://millionrounds.com/company/photoncycle)[**Berget AI** $2.5M · Feb 2026](https://millionrounds.com/company/berget-ai)[**FirstQFM** $1.4M · Oct 2025](https://millionrounds.com/company/firstqfm)

## Quick answers about Luminar Ventures

### What does Luminar Ventures invest in?

Luminar Ventures invests most often at Seed and Series A (64% of the rounds on record), in sectors such as Future Of Learning, Learning Management System and Lms.

### How active is Luminar Ventures?

40 investments on record, 6 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has Luminar Ventures invested in recently?

Its most recent investments on record: IPercept (Series A, Sept 2026), Fika Jobs (Pre-seed, Jun 2026) and Lightbringer (Series A, Jun 2026).

### How big are Luminar Ventures's cheques?

The median round it joins is $3.5M. It says it writes cheques of $540K to $2.7M.

### Does Luminar Ventures lead rounds?

Sometimes: it led 2 of its 40 investments on record (5%).

### Where does Luminar Ventures invest?

Most of the companies it backs are in Sweden (81%), Norway (8%) and Denmark (6%).

### Is Luminar Ventures investing now?

Yes: it is actively investing, with 6 investments in the last 12 months.

### Who does Luminar Ventures invest alongside?

Most often Alliance VC (4 rounds together), Sting (4 rounds together) and Almi Invest (3 rounds together).

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=luminar-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=luminar-ventures)