# Food & Beverage investors in the Nordics (2026 list)

> 26 food & Beverage investors in the Nordics, 88% active in the last 12 months. Led by EIC Accelerator, Neo, Seed Capital. Ranked by what they funded.

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

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

# Food & Beverage investors in the Nordics

Updated 7 November 2026

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

[See all 26 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Ffood-beverage-investors-in-nordics)The top 25

**26** investors on the list *-1* this week

**569** cheques in 12 months *-19%* against the market

**$3.8M** median round they joined *-52%* against the market median

**88%** wrote a cheque in 12 months

**62%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (22)

- 1 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 2 [Neo](https://millionrounds.com/fund/neo) *Deploying now* Accelerator · United States **364** **$5.5M** median round **Nov 2026** last seen
- 3 [Seed Capital](https://millionrounds.com/fund/seed-capital) *Deploying now* VC firm · Denmark **347** **$4M** median round **Sept 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 [Novo Holdings](https://millionrounds.com/fund/novo-ventures) *Deploying now* VC firm · Denmark **203** **$60M** median round **Oct 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 [The Danish Growth Fund](https://millionrounds.com/fund/v-kstfonden) *Deploying now* VC firm **132** **$3.6M** median round **Aug 2026** last seen
- 9 [Rockstart](https://millionrounds.com/fund/rockstart) *Deploying now* Accelerator · Netherlands **131** **$1.2M** median round **Sept 2026** last seen
- 10 [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) *Deploying now* VC firm · United Kingdom **123** **$6.4M** median round **Oct 2026** last seen
- 11 [European Union](https://millionrounds.com/fund/european-union) *Deploying now* Government · United Kingdom **118** **$2.3M** median round **Sept 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 [Big Idea Ventures](https://millionrounds.com/fund/big-idea-ventures) *Deploying now* VC firm · United States **84** **$1.3M** median round **Sept 2026** last seen
- 15 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **84** **$2.5M** median round **Oct 2026** last seen
- 16 [EIT Food RisingFoodstars](https://millionrounds.com/fund/eit-food-risingfoo) *Deploying now* Accelerator · Belgium **74** **$826K** median round **Oct 2026** last seen
- 17 [SGH CAPITAL](https://millionrounds.com/fund/sgh-capital) *Deploying now* VC firm · Luxembourg **45** **$4.9M** median round **Apr 2026** last seen
- 18 [maki.vc](https://millionrounds.com/fund/maki-vc) *Deploying now* VC firm · Finland **11** **$6.3M** median round **Oct 2026** last seen
- 19 [Impact Fund Denmark (formerly IFU)](https://millionrounds.com/fund/impact-fund-denmark) *Deploying now* Government · Denmark **5** **$29M** median round **Oct 2026** last seen
- 20 [Nordic Science Investments](https://millionrounds.com/fund/nordic-science-investments) *Deploying now* VC firm · Finland **5** **$7.9M** median round **Oct 2026** last seen
- 21 [Hatch Blue's Blue Revolution Fund](https://millionrounds.com/fund/hatch-blue-s-blue-revolution-fund) *Deploying now* VC firm **4** **$5.3M** median round **Aug 2026** last seen
- 22 [CHECK24 Impact GmbH](https://millionrounds.com/fund/check24-impact) quiet Corporate VC · Germany **3** **$2.7M** median round **Nov 2025** last seen
- 23 [Propeller Ventures](https://millionrounds.com/fund/propeller-inc) *Deploying now* VC firm · Jordan **3** **$6.5M** median round **Oct 2026** last seen
- 24 [Beyond Impact VC](https://millionrounds.com/fund/beyond-impact-vc) quiet VC firm · Switzerland **1** **$2.9M** median round **Sept 2025** last seen
- 25 [University of Helsinki Funds](https://millionrounds.com/fund/university-of-helsinki-funds) quiet VC firm · Finland **1** **$2.9M** median round **Sept 2025** last seen

**1 more on this list**

All 26 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%2Ffood-beverage-investors-in-nordics)

## The Newest Cheques

Rounds this list's investors joined most recently

- **3** Nov **[Scatec](https://millionrounds.com/company/scatec)** Debt · $217M *With* [European Investment Bank](https://millionrounds.com/fund/european-investment-bank)
- **3** Nov **[Applied Compute](https://millionrounds.com/company/applied-compute)** Other · $350M *With* [Neo](https://millionrounds.com/fund/neo)
- **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *Led by* [Almi Invest](https://millionrounds.com/fund/almi-invest)
- **2** Nov **[Tutor Intelligence](https://millionrounds.com/company/tutor-intelligence)** Series B · $75M *With* [Neo](https://millionrounds.com/fund/neo)
- **29** Oct **[MuRay](https://millionrounds.com/company/muray)** Other · $7.9M *With* [Nordic Science Investments](https://millionrounds.com/fund/nordic-science-investments)
- **28** Oct **[Impress](https://millionrounds.com/company/impress)** Debt *With* [European Investment Bank](https://millionrounds.com/fund/european-investment-bank)

## Stages This Year

520 rounds

- Venture **25%**
- Seed **18%**
- Series A **13%**
- Grant **11%**
- Other **7%**
- Other **26%**

## What They Backed

Sectors, last 12 months

- Biotech **87**
- AI **85**
- Healthcare **54**
- Energy **30**
- Agtech **25**
- Cleantech **24**

## Cheques by Quarter

Led Joined

197 Q1 25

171 Q2 25

192 Q3 25

194 Q4 25

169 Q1 26

167 Q2 26

150 Q3 26

22 Q4 26

The last bar is the quarter still running.

## Lists Like This

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- [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 food and agriculture

- How Stella Saved the Farm: A Tale About Making Innovation Happen Vijay Govindarajan · 2011 3.66 from 1,331 ratings on Goodreads Food and agriculture Innovation Company building About the book How Stella Saved the Farm is a simple parable about making innovation happen, written by the authors of the New York Times bestselling Reverse Innovation: Create Far From Home, Win Everywhere, Vijay Govindarajan and Chris Trimble. This story resonates in organizations of all… On AmazonListen on Audible
- Anyone Can Do It: Building Coffee Republic from Our Kitchen Table - 57 Real-Life Laws on Entrepreneurship Sahar Hashemi · 2002 4.12 from 581 ratings on Goodreads Food and agriculture Company building About the book Anyone Can Do It chronicles the start and evolution of a successful business dream. Beginning with the Hashemi siblings' first conversations (when the seed of the idea was planted) it follows the progress of Coffee Republic from business plan to the present day. Coffee Republic… On AmazonListen on Audible
- When Coffee & Kale Compete: Become Great at Making Products People Will Buy Alan Klement · 2016 4.00 from 704 ratings on Goodreads Food and agriculture Company building About the book A Job to be Done is the process a consumer goes through whenever she aims to transform her existing life-situation into a preferred one, but cannot because there are constraints that stop her. When Coffee and Kale Compete by Alan Klement helps you become better at creating and… On AmazonListen on Audible
- The Great A&P and the Struggle for Small Business in America Marc Levinson · 2011 3.93 from 603 ratings on Goodreads Food and agriculture Company building About the book One of The Wall Street Journal's Best Non fiction Books of 2011. From modest beginnings as a tea shop in New York, the Great Atlantic & Pacific Tea Company became the largest retailer in the world. It was a juggernaut, the first retailer to sell $1 billion in goods, the owner… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about food & Beverage investors in the Nordics

### Who are the most active food & Beverage investors in the Nordics?

By cheques observed, the most active are EIC Accelerator, Neo, Seed Capital, Almi Invest and European Investment Bank.

### How many food & Beverage investors in the Nordics are there?

26 are on record. 88% made an investment in the last 12 months and 62% have led a round.

### Which stages do food & Beverage investors in the Nordics back?

Of the rounds with a named stage in the last 12 months, mostly Seed (28%) and Series A (19%).

### How big are the rounds food & Beverage investors in the Nordics join?

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

### Which sectors do food & Beverage investors in the Nordics back most?

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

### Which food & Beverage investors in the Nordics lead the most rounds?

EIC Accelerator (9 led), European Investment Bank (5 led) and Firstminute Capital (5 led).

### Where are food & Beverage investors in the Nordics based?

Among the most active, most are based in Denmark (4), Finland (4) and the United States (2).

### What have food & Beverage investors in the Nordics invested in recently?

Recent rounds include Scatec (Debt, Nov 2026, with European Investment Bank), Applied Compute (Other, Nov 2026, with Neo) and Sortrace (Seed, Nov 2026, with Almi Invest).

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