# AI investors based in Stockholm (2026 list) > 23 AI investors based in Stockholm, 83% active in the last 12 months. Led by Almi Invest, Creandum, Industrifonden. Ranked by what they funded. Source: https://millionrounds.com/lists/ai-investors-based-in-stockholm (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # AI investors based in Stockholm Updated 7 November 2026 Firms with an address in Stockholm that we have watched back an AI company in the last two years. [See all 23 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fai-investors-based-in-stockholm)The top 23 **23** investors on the list *+1* this week **156** cheques in 12 months *-10%* against the market **$5.8M** median round they joined *-28%* against the market median **83%** wrote a cheque in 12 months **57%** have led a round ## The Top 23 Ordered by cheques observed, never by anything anyone paid for Deploying now (19) - 1 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen - 2 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen - 3 [Industrifonden](https://millionrounds.com/fund/industrifonden) *Deploying now* VC firm · Sweden **140** **$5.8M** median round **Oct 2026** last seen - 4 [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) *Deploying now* Accelerator · Sweden **66** **$17M** median round **Aug 2026** last seen - 5 [Kinnevik](https://millionrounds.com/fund/kinnevik) *Deploying now* VC firm · Sweden **54** **$99M** median round **Sept 2026** last seen - 6 [Propel Capital](https://millionrounds.com/fund/propel-capital) *Deploying now* Accelerator · Sweden **52** **$996K** median round **Sept 2026** last seen - 7 [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) *Deploying now* VC firm · Sweden **50** **$2.6M** median round **Oct 2026** last seen - 8 [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) *Deploying now* VC firm · Sweden **40** **$3.5M** median round **Sept 2026** last seen - 9 [Norrsken Evolve](https://millionrounds.com/fund/norrsken-evolve) *Deploying now* VC firm · Sweden **40** **$1.9M** median round **Oct 2026** last seen - 10 [EQT](https://millionrounds.com/fund/eqt) *Deploying now* Private equity · Sweden **35** **$62M** median round **Sept 2026** last seen - 11 [J12 Ventures](https://millionrounds.com/fund/j12) *Deploying now* VC firm · Sweden **33** **$3M** median round **Sept 2026** last seen - 12 [BackingMinds](https://millionrounds.com/fund/backingminds) *Deploying now* VC firm · Sweden **7** **$6.7M** median round **Nov 2026** last seen - 13 [PINC](https://millionrounds.com/fund/pinc) *Deploying now* Corporate VC · Sweden **4** **$4.3M** median round **Oct 2026** last seen - 14 [Saab](https://millionrounds.com/fund/saab) quiet Growth equity · Sweden **3** **$370M** median round **Nov 2025** last seen - 15 [Oxx Ventures](https://millionrounds.com/fund/oxx-2) quiet VC firm · United Kingdom **2** **$23M** median round **Jun 2025** last seen - 16 [Prima Materia](https://millionrounds.com/fund/prima-materia) *Deploying now* Venture studio · Sweden **2** **$1.2B** median round **Jul 2026** last seen - 17 [Ampli Ventures](https://millionrounds.com/fund/ampli-ventures) *Deploying now* VC firm · Sweden **1** **$3.4M** median round **Sept 2026** last seen - 18 [Foundry ventures](https://millionrounds.com/fund/foundry-ventures) *Deploying now* VC firm · Sweden **1** **$615K** median round **Sept 2026** last seen - 19 [Greens Ventures](https://millionrounds.com/fund/greens-ventures) *Deploying now* VC firm · Sweden **1** **$10M** median round **Sept 2026** last seen - 20 [Mudcake](https://millionrounds.com/fund/mudcake) *Deploying now* VC firm · Sweden **1** **$5.4M** median round **Oct 2026** last seen - 21 [Nascent Invest](https://millionrounds.com/fund/nascent-invest) quiet VC firm · Sweden **1** **$6.6M** median round **May 2025** last seen - 22 [VEQ](https://millionrounds.com/fund/veq) quiet VC firm · Sweden **1** **$1M** median round **Aug 2025** last seen - 23 [VNV Global](https://millionrounds.com/fund/vnv-global) *Deploying now* VC firm · Sweden **1** **$25M** median round **Apr 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Saidot](https://millionrounds.com/company/saidot)** Round *Led by* [BackingMinds](https://millionrounds.com/fund/backingminds) - **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *Led by* [Almi Invest](https://millionrounds.com/fund/almi-invest) - **30** Oct **[Ares Intelligence](https://millionrounds.com/company/ares-intelligence)** Seed · $3.2M *With* [Creandum](https://millionrounds.com/fund/creandum) - **27** Oct **[Atlas Bio](https://millionrounds.com/company/atlas-bio)** Seed · $13M *Led by* [Creandum](https://millionrounds.com/fund/creandum) - **27** Oct **[Machenta](https://millionrounds.com/company/machenta)** Seed · $40M *Led by* [Creandum](https://millionrounds.com/fund/creandum) - **14** Oct **[OlsAro](https://millionrounds.com/company/olsaro)** Seed · $5.5M *Led by* [Industrifonden](https://millionrounds.com/fund/industrifonden) ## Stages This Year 141 rounds - Seed **24%** - Series A **14%** - Venture **13%** - Pre-seed **13%** - Series B **11%** - Other **24%** ## What They Backed Sectors, last 12 months - AI **61** - Biotech **17** - Energy **9** - Healthcare **8** - Software **7** - Cleantech **6** ## Cheques by Quarter Led Joined 49 Q1 25 43 Q2 25 52 Q3 25 45 Q4 25 40 Q1 26 36 Q2 26 51 Q3 26 13 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors based in San Francisco 353](https://millionrounds.com/lists/ai-investors-based-in-san-francisco) - [AI investors based in New York 345](https://millionrounds.com/lists/ai-investors-based-in-new-york) - [Seed investors based in San Francisco 273](https://millionrounds.com/lists/seed-investors-based-in-san-francisco) - [Series A investors based in San Francisco 266](https://millionrounds.com/lists/series-a-investors-based-in-san-francisco) - [Series A investors based in New York 255](https://millionrounds.com/lists/series-a-investors-based-in-new-york) - [Seed investors based in New York 227](https://millionrounds.com/lists/seed-investors-based-in-new-york) - [AI investors based in London 223](https://millionrounds.com/lists/ai-investors-based-in-london) - [Series B investors based in New York 198](https://millionrounds.com/lists/series-b-investors-based-in-new-york) - [Fintech investors based in New York 197](https://millionrounds.com/lists/fintech-investors-based-in-new-york) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about AI investors based in Stockholm ### Who are the most active AI investors based in Stockholm? By cheques observed, the most active are Almi Invest, Creandum, Industrifonden, Norrsken VC and Kinnevik. ### How many AI investors based in Stockholm are there? 23 are on record. 83% made an investment in the last 12 months and 57% have led a round. ### Which stages do AI investors based in Stockholm back? Of the rounds with a named stage in the last 12 months, mostly Seed (31%) and Series A (19%). ### How big are the rounds AI investors based in Stockholm join? The typical (median) round among the leading investors here is $5.8M. ### Which sectors do AI investors based in Stockholm back most? In the last 12 months, mostly AI, Biotech and Energy. ### Which AI investors based in Stockholm lead the most rounds? Creandum (12 led), Industrifonden (7 led) and EQT (7 led). ### What have AI investors based in Stockholm invested in recently? Recent rounds include Saidot (Nov 2026, with BackingMinds), Sortrace (Seed, Nov 2026, with Almi Invest) and Ares Intelligence (Seed, Oct 2026, with Creandum). ### How is this list of AI investors based in Stockholm ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)