# Engineering investors in the Nordics (2026 list) > 23 engineering investors in the Nordics, 100% active in the last 12 months. Led by EISMEA, Seedcamp, Business Finland. Ranked by what they funded. Source: https://millionrounds.com/lists/engineering-investors-in-nordics (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Engineering investors in the Nordics Updated 7 November 2026 Firms observed backing an engineering company in the Nordics in the last two years, wherever the firm is based. [See all 23 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fengineering-investors-in-nordics)The top 23 **23** investors on the list No change this week **175** cheques in 12 months *-4%* against the market **$6.3M** median round they joined *-21%* against the market median **100%** wrote a cheque in 12 months **52%** have led a round ## The Top 23 Ordered by cheques observed, never by anything anyone paid for Deploying now (23) - 1 [EISMEA](https://millionrounds.com/fund/eismea) *Deploying now* Investment firm **524** **$2.2M** median round **Sept 2026** last seen - 2 [Seedcamp](https://millionrounds.com/fund/seedcamp) *Deploying now* VC firm · United Kingdom **519** **$5M** median round **Nov 2026** last seen - 3 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen - 4 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **84** **$2.5M** median round **Oct 2026** last seen - 5 [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital) *Deploying now* VC firm · Denmark **81** **$9.2M** median round **Nov 2026** last seen - 6 [Emerald Technology Ventures](https://millionrounds.com/fund/emerald-technology-ventures) *Deploying now* VC firm · Switzerland **69** **$10M** median round **Sept 2026** last seen - 7 [Voima Ventures](https://millionrounds.com/fund/voima-ventures) *Deploying now* VC firm · Finland **47** **$4M** median round **Oct 2026** last seen - 8 [Momentum](https://millionrounds.com/fund/momentum-2) *Deploying now* Hedge fund · India **11** **$17M** median round **Oct 2026** last seen - 9 [maki.vc](https://millionrounds.com/fund/maki-vc) *Deploying now* VC firm · Finland **11** **$6.3M** median round **Oct 2026** last seen - 10 [Crowberry Capital](https://millionrounds.com/fund/crowberry-capital) *Deploying now* VC firm · Iceland **6** **$7.6M** median round **Nov 2026** last seen - 11 [Inception Fund](https://millionrounds.com/fund/inception-fund) *Deploying now* VC firm · United States **4** **$8.3M** median round **Oct 2026** last seen - 12 [PSV Tech](https://millionrounds.com/fund/psv-tech) *Deploying now* VC firm **4** **$13M** median round **Oct 2026** last seen - 13 [QAI Ventures](https://millionrounds.com/fund/qai-ventures) *Deploying now* VC firm · Switzerland **3** **$2.6M** median round **Oct 2026** last seen - 14 [Sondo Capital](https://millionrounds.com/fund/sondo-capital) *Deploying now* VC firm · Norway **3** **$5.7M** median round **Oct 2026** last seen - 15 [55 North](https://millionrounds.com/fund/55-north) *Deploying now* VC firm · Denmark **2** **$33M** median round **May 2026** last seen - 16 [First Fellow Partners](https://millionrounds.com/fund/first-fellow-partners) *Deploying now* Family office · Finland **2** **$28M** median round **May 2026** last seen - 17 [Construct Venture](https://millionrounds.com/fund/construct-venture) *Deploying now* Corporate VC · Norway **1** **$6.3M** median round **Oct 2026** last seen - 18 [The Nordic Web Ventures](https://millionrounds.com/fund/the-nordic-web-ventures) *Deploying now* VC firm · Denmark **1** **$6.3M** median round **Oct 2026** last seen - 19 [Anders Kvale](https://millionrounds.com/fund/anders-kvale) *Deploying now* VC firm **1** **$6.3M** median round **Oct 2026** last seen - 20 [B&C Group](https://millionrounds.com/fund/b-and-c-group) *Deploying now* VC firm **1** **$12M** median round **May 2026** last seen - 21 [Daniel Kjørberg Siraj](https://millionrounds.com/fund/daniel-kj-rberg-siraj) *Deploying now* VC firm **1** **$6.3M** median round **Oct 2026** last seen - 22 [Havard Haukeland](https://millionrounds.com/fund/havard-haukeland) *Deploying now* VC firm **1** **$6.3M** median round **Oct 2026** last seen - 23 [Obos Ventures](https://millionrounds.com/fund/obos-ventures) *Deploying now* VC firm **1** **$6.3M** median round **Oct 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Saidot](https://millionrounds.com/company/saidot)** Round *With* [Crowberry Capital](https://millionrounds.com/fund/crowberry-capital) - **5** Nov **[Granit](https://millionrounds.com/company/granit)** Seed · $6M *Led by* [Seedcamp](https://millionrounds.com/fund/seedcamp) - **2** Nov **[Marble Cognition](https://millionrounds.com/company/marble-cognition)** Pre-seed · $3.8M *Led by* [Seedcamp](https://millionrounds.com/fund/seedcamp) - **29** Oct **[i23](https://millionrounds.com/company/i23)** Seed · $6.5M *With* [Seedcamp](https://millionrounds.com/fund/seedcamp) - **29** Oct **[Fronted](https://millionrounds.com/company/fronted)** Seed · $1.9M *With* [Sondo Capital](https://millionrounds.com/fund/sondo-capital) - **28** Oct **[BioOrbit](https://millionrounds.com/company/bioorbit)** Seed · $13M *With* [Seedcamp](https://millionrounds.com/fund/seedcamp) ## Stages This Year 150 rounds - Seed **20%** - Pre-seed **17%** - Venture **17%** - Series A **14%** - Grant **10%** - Other **21%** ## What They Backed Sectors, last 12 months - AI **52** - Biotech **19** - Healthcare **11** - Fintech **8** - Climate Tech **7** - Energy **7** ## Cheques by Quarter Led Joined 51 Q1 25 48 Q2 25 45 Q3 25 43 Q4 25 43 Q1 26 55 Q2 26 37 Q3 26 29 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) ## Quick answers about engineering investors in the Nordics ### Who are the most active engineering investors in the Nordics? By cheques observed, the most active are EISMEA, Seedcamp, Business Finland, PSV and Heartcore Capital. ### How many engineering investors in the Nordics are there? 23 are on record. 100% made an investment in the last 12 months and 52% have led a round. ### Which stages do engineering investors in the Nordics back? Of the rounds with a named stage in the last 12 months, mostly Seed (27%) and Pre-seed (23%). ### How big are the rounds engineering investors in the Nordics join? The typical (median) round among the leading investors here is $6.3M. ### Which sectors do engineering investors in the Nordics back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which engineering investors in the Nordics lead the most rounds? Voima Ventures (7 led), Seedcamp (6 led) and Emerald Technology Ventures (3 led). ### Where are engineering investors in the Nordics based? Among the most active, most are based in Finland (4), Denmark (4) and Switzerland (2). ### What have engineering investors in the Nordics invested in recently? Recent rounds include Saidot (Nov 2026, with Crowberry Capital), Granit (Seed, Nov 2026, with Seedcamp) and Marble Cognition (Pre-seed, Nov 2026, with Seedcamp). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)