# Construction investors in the Nordics (2026 list)

> 68 construction investors in the Nordics, 82% active in the last 12 months. Led by EIC Accelerator, Antler, Seedcamp. Ranked by what they funded.

Source: https://millionrounds.com/lists/construction-investors-in-nordics (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Construction investors in the Nordics

Updated 7 November 2026

Firms observed backing a construction company in the Nordics in the last two years, wherever the firm is based.

[See all 68 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fconstruction-investors-in-nordics)The top 25

**68** investors on the list No change this week

**848** cheques in 12 months *-7%* against the market

**$6.3M** median round they joined *-21%* against the market median

**82%** wrote a cheque in 12 months

**46%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

- 1 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 2 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen
- 3 [Seedcamp](https://millionrounds.com/fund/seedcamp) *Deploying now* VC firm · United Kingdom **519** **$5M** median round **Nov 2026** last seen
- 4 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen
- 5 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) *Deploying now* Government · Luxembourg **246** **$37M** median round **Nov 2026** last seen
- 6 [European Commission](https://millionrounds.com/fund/european-commission) *Deploying now* VC firm · Belgium **160** **$2.8M** median round **Sept 2026** last seen
- 7 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen
- 8 [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) *Deploying now* VC firm · Sweden **152** **$20M** median round **Oct 2026** last seen
- 9 [Omnes](https://millionrounds.com/fund/omnes-capital) *Deploying now* VC firm · France **145** **$15M** median round **Nov 2026** last seen
- 10 [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) *Deploying now* VC firm · Finland **141** **$5.7M** median round **Nov 2026** last seen
- 11 [Emergence Capital](https://millionrounds.com/fund/emergence-capital) *Deploying now* VC firm · Senegal **101** **$30M** median round **Oct 2026** last seen
- 12 [BioInnovation Institute](https://millionrounds.com/fund/bioinnovation-institute) *Deploying now* VC firm **99** **$1.4M** median round **Sept 2026** last seen
- 13 [Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) *Deploying now* VC firm **94** **$3.2M** median round **Sept 2026** last seen
- 14 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **84** **$2.5M** median round **Oct 2026** last seen
- 15 [ByFounders](https://millionrounds.com/fund/byfounders) *Deploying now* VC firm · Denmark **71** **$3.6M** median round **Sept 2026** last seen
- 16 [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) *Deploying now* Accelerator · Sweden **66** **$17M** median round **Aug 2026** last seen
- 17 [Finnvera Venture Capital](https://millionrounds.com/fund/finnvera) quiet Government · Finland **56** **$19M** median round **Dec 2024** last seen
- 18 [Superhero Capital](https://millionrounds.com/fund/superhero-capital) *Deploying now* VC firm · Finland **54** **$1.4M** median round **Oct 2026** last seen
- 19 [Startuplab](https://millionrounds.com/fund/startuplab) *Deploying now* Accelerator · Norway **53** **$1.1M** median round **Aug 2026** last seen
- 20 [Giant Ventures](https://millionrounds.com/fund/giant-ventures) *Deploying now* VC firm · United Kingdom **52** **$13M** median round **Oct 2026** last seen
- 21 [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) *Deploying now* VC firm · Sweden **50** **$2.6M** median round **Oct 2026** last seen
- 22 [Voima Ventures](https://millionrounds.com/fund/voima-ventures) *Deploying now* VC firm · Finland **47** **$4M** median round **Oct 2026** last seen
- 23 [Norrsken Evolve](https://millionrounds.com/fund/norrsken-evolve) *Deploying now* VC firm · Sweden **40** **$1.9M** median round **Oct 2026** last seen
- 24 [J12 Ventures](https://millionrounds.com/fund/j12) *Deploying now* VC firm · Sweden **33** **$3M** median round **Sept 2026** last seen
- 25 [Tesi](https://millionrounds.com/fund/tesi) *Deploying now* Government · Finland **29** **$17M** median round **Sept 2026** last seen

**43 more on this list**

All 68 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fconstruction-investors-in-nordics)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures)
- **5** Nov **[Granit](https://millionrounds.com/company/granit)** Seed · $6M *Led by* [Seedcamp](https://millionrounds.com/fund/seedcamp)
- **3** Nov **[Scatec](https://millionrounds.com/company/scatec)** Debt · $217M *With* [European Investment Bank](https://millionrounds.com/fund/european-investment-bank)
- **2** Nov **[Dispatch Network](https://millionrounds.com/company/dispatch-network)** Pre-seed · $527K *Led by* [Antler](https://millionrounds.com/fund/antler)
- **2** Nov **[Gallium Defense](https://millionrounds.com/company/gallium-defense)** Seed · $8M *With* [Omnes](https://millionrounds.com/fund/omnes-capital)
- **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *Led by* [Almi Invest](https://millionrounds.com/fund/almi-invest)

## Stages This Year

723 rounds

- Seed **22%**
- Pre-seed **18%**
- Venture **18%**
- Series A **12%**
- Grant **8%**
- Other **22%**

## What They Backed

Sectors, last 12 months

- AI **228**
- Biotech **79**
- Healthcare **56**
- Energy **40**
- Cleantech **30**
- Aerospace & Space **30**

## Cheques by Quarter

Led Joined

253 Q1 25

229 Q2 25

253 Q3 25

250 Q4 25

232 Q1 26

247 Q2 26

213 Q3 26

64 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in real estate and construction

- The Book of YES: The Ultimate Real Estate Agent Conversation Guide Kevin Ward · 2016 4.10 from 253 ratings on Goodreads Real estate and construction Company building About the book The Book of YES In Kevin Ward's book, you will find the most powerful scripts in the real estate industry today. If you’re tired of the same old sales scripts or if you’ve done away with them all together, I know how you feel because I’ve been there. I was tired of seeing the… On AmazonListen on Audible
- The Book on Investing In Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People's Money Brandon Turner · 2014 4.18 from 2,560 ratings on Goodreads Real estate and construction Innovation Company building About the book COMPLETELY REVISED AND UPDATED Is your lack of cash holding you back from your real estate dreams? Discover the creative real estate financing techniques that savvy investors are using to do more deals, more often. No matter how much money you have in your checking… On AmazonListen on Audible
- Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate: What it Takes to Win in High-Stakes Commercial Real Estate James A. Randel · 2005 4.13 from 277 ratings on Goodreads Real estate and construction Company building About the book A front row seat into the world of high-stakes commercial real estate investing “A must-read book … one of the best real estate investment books I have ever read. On my scale of 1 to 10, this unique book rates an off-the-charts 12.” ---Robert Bruss Confessions of a Real Estate… On AmazonListen on Audible
- The Public Domain: Enclosing the Commons of the Mind James Boyle · 2008 4.12 from 349 ratings on Goodreads Real estate and construction Innovation About the book In this enlightening book James Boyle describes what he calls the range wars of the information age, today’s heated battles over intellectual property. Boyle argues that just as every informed citizen needs to know at least something about the environment or civil rights, every… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=real_estate).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about construction investors in the Nordics

### Who are the most active construction investors in the Nordics?

By cheques observed, the most active are EIC Accelerator, Antler, Seedcamp, Almi Invest and European Investment Bank.

### How many construction investors in the Nordics are there?

68 are on record. 82% made an investment in the last 12 months and 46% have led a round.

### Which stages do construction investors in the Nordics back?

Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Pre-seed (24%).

### How big are the rounds construction investors in the Nordics join?

The typical (median) round among the leading investors here is $3.6M.

### Which sectors do construction investors in the Nordics back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which construction investors in the Nordics lead the most rounds?

EQT Ventures (20 led), Emergence Capital (11 led) and EIC Accelerator (9 led).

### Where are construction investors in the Nordics based?

Among the most active, most are based in Sweden (6), Finland (6) and the United Kingdom (3).

### What have construction investors in the Nordics invested in recently?

Recent rounds include Vensum Power (Series A, Nov 2026, with Lifeline Ventures), Granit (Seed, Nov 2026, with Seedcamp) and Scatec (Debt, Nov 2026, with European Investment Bank).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)