# Hardware & Electronics investors in Sweden (2026 list)

> 24 hardware & Electronics investors in Sweden, 96% active in the last 12 months. Led by Plug and Play, Index Ventures, EIC Accelerator.

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

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

# Hardware & Electronics investors in Sweden

Updated 7 November 2026

Firms observed backing a hardware & Electronics company in Sweden in the last two years, wherever the firm is based.

[See all 24 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fhardware-investors-in-sweden)The top 24

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

**800** cheques in 12 months *-10%* against the market

**$7.3M** median round they joined *-9%* against the market median

**96%** wrote a cheque in 12 months

**63%** have led a round

## The Top 24

Ordered by cheques observed, never by anything anyone paid for

Deploying now (23)

- 1 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen
- 2 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,027** **$31M** median round **Nov 2026** last seen
- 3 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 4 [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland) *Deploying now* Government · Ireland **447** **$1.8M** median round **Nov 2026** last seen
- 5 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen
- 6 [QED Investors](https://millionrounds.com/fund/qed-investors) *Deploying now* VC firm · United States **314** **$29M** median round **Oct 2026** last seen
- 7 [In-Q-Tel](https://millionrounds.com/fund/iqt) *Deploying now* Accelerator · United States **273** **$20M** median round **Nov 2026** last seen
- 8 [Sting](https://millionrounds.com/fund/sting) *Deploying now* VC firm · United States **219** **$1.5M** median round **Sept 2026** last seen
- 9 [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) *Deploying now* VC firm · United States **146** **$21M** median round **Oct 2026** last seen
- 10 [Fly Ventures](https://millionrounds.com/fund/fly-ventures) *Deploying now* VC firm · Germany **80** **$5M** median round **Oct 2026** last seen
- 11 [Bosch Ventures](https://millionrounds.com/fund/bosch-ventures) *Deploying now* Corporate VC · Germany **75** **$35M** median round **Oct 2026** last seen
- 12 [Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) *Deploying now* VC firm **67** **$848K** median round **Sept 2026** last seen
- 13 [Voima Ventures](https://millionrounds.com/fund/voima-ventures) *Deploying now* VC firm · Finland **47** **$4M** median round **Oct 2026** last seen
- 14 [European Investment Fund](https://millionrounds.com/fund/european-investment-fund-eif) *Deploying now* VC firm · Luxembourg **44** **$5.2M** median round **Oct 2026** last seen
- 15 [Norrsken Evolve](https://millionrounds.com/fund/norrsken-evolve) *Deploying now* VC firm · Sweden **40** **$1.9M** median round **Oct 2026** last seen
- 16 [Battle Born Venture](https://millionrounds.com/fund/battle-born-venture) *Deploying now* VC firm **34** **$750K** median round **Jun 2026** last seen
- 17 [NATO Innovation Fund (NIF)](https://millionrounds.com/fund/nato-innovation-fund) *Deploying now* VC firm · Netherlands **16** **$17M** median round **Sept 2026** last seen
- 18 [Join Capital](https://millionrounds.com/fund/join-capital) *Deploying now* VC firm · Germany **7** **$7M** median round **Oct 2026** last seen
- 19 [Navigare Ventures](https://millionrounds.com/fund/navigare-ventures) *Deploying now* VC firm · Sweden **7** **$9.8M** median round **Sept 2026** last seen
- 20 [D3](https://millionrounds.com/fund/d3) *Deploying now* VC firm **4** **$24M** median round **Sept 2026** last seen
- 21 [Further Than Capital](https://millionrounds.com/fund/further-than-capital) *Deploying now* VC firm · Sweden **2** **$7.5M** median round **Sept 2026** last seen
- 22 [Onsight Ventures](https://millionrounds.com/fund/onsight-ventures) *Deploying now* VC firm · Austria **2** **$15M** median round **Sept 2026** last seen
- 23 [Incore Invest](https://millionrounds.com/fund/incore-invest) quiet Growth equity · Sweden **1** **$23M** median round **Apr 2025** last seen
- 24 [KTH Ventures](https://millionrounds.com/fund/kth-ventures) *Deploying now* VC firm **1** **$13M** median round **Sept 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [In-Q-Tel](https://millionrounds.com/fund/iqt)
- **5** Nov **[ArrayPatch](https://millionrounds.com/company/arraypatch)** Seed · $1.8M *With* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland)
- **5** Nov **[Shinka](https://millionrounds.com/company/shinka)** Seed · $2.1M *With* [Enterprise Ireland](https://millionrounds.com/fund/enterprise-ireland)
- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *With* [Index Ventures](https://millionrounds.com/fund/index-ventures)
- **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)

## Stages This Year

737 rounds

- Venture **23%**
- Seed **19%**
- Series A **17%**
- Series B **9%**
- Grant **8%**
- Other **25%**

## What They Backed

Sectors, last 12 months

- AI **270**
- Biotech **70**
- Fintech **56**
- Healthcare **53**
- Energy **35**
- Big Data & Analytics **33**

## Cheques by Quarter

Led Joined

244 Q1 25

247 Q2 25

220 Q3 25

237 Q4 25

239 Q1 26

236 Q2 26

192 Q3 26

47 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in United States 3,683](https://millionrounds.com/lists/ai-investors-in-united-states)
- [Fintech investors in United States 1,166](https://millionrounds.com/lists/fintech-investors-in-united-states)
- [AI investors in United Kingdom 1,039](https://millionrounds.com/lists/ai-investors-in-united-kingdom)
- [Big Data & Analytics investors in United States 1,039](https://millionrounds.com/lists/big-data-investors-in-united-states)
- [Biotech investors in United States 914](https://millionrounds.com/lists/biotech-investors-in-united-states)
- [Energy investors in United States 798](https://millionrounds.com/lists/energy-investors-in-united-states)
- [Robotics investors in United States 797](https://millionrounds.com/lists/robotics-investors-in-united-states)
- [Construction investors in United States 742](https://millionrounds.com/lists/construction-investors-in-united-states)
- [Cybersecurity investors in United States 702](https://millionrounds.com/lists/cybersecurity-investors-in-united-states)

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

## Reading for founders in hardware and deep tech

- The One Device: The Secret History of the iPhone Brian Merchant · 2017 3.89 from 1,949 ratings on Goodreads Hardware and deep tech About the book We know the iPhone as the device that transformed our world, changing everything from how we talk to each other and do business, to how we exercise, travel, shop, and watch TV. But packed within its slim profile is the fascinating, untold story of scientific, technological, and… On AmazonListen on Audible
- The British Industrial Revolution in Global Perspective Robert C. Allen · 2009 3.99 from 277 ratings on Goodreads Hardware and deep tech About the book Why did the industrial revolution take place in eighteenth-century Britain and not elsewhere in Europe or Asia? In this convincing new account Robert Allen argues that the British industrial revolution was a successful response to the global economy of the seventeenth and… On AmazonListen on Audible
- Made in the USA: The Rise and Retreat of American Manufacturing Vaclav Smil · 2013 3.77 from 518 ratings on Goodreads Hardware and deep tech About the book In Made in the USA, Vaclav Smil powerfully rebuts the notion that manufacturing is a relic of predigital history and that the loss of American manufacturing is a desirable evolutionary step toward a pure service economy. Smil argues that no advanced economy can prosper without… On AmazonListen on Audible
- Behemoth: A History of the Factory and the Making of the Modern World Joshua B. Freeman · 2018 3.83 from 864 ratings on Goodreads Hardware and deep tech About the book "Freeman’s rich and ambitious Behemoth depicts a world in retreat that still looms large in the national imagination.…More than an economic history, or a chronicle of architectural feats and labor movements." ―Jennifer Szalai, New York Times In an accessible and timely work of… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about hardware & Electronics investors in Sweden

### Who are the most active hardware & Electronics investors in Sweden?

By cheques observed, the most active are Plug and Play, Index Ventures, EIC Accelerator, Enterprise Ireland and Almi Invest.

### How many hardware & Electronics investors in Sweden are there?

24 are on record. 96% made an investment in the last 12 months and 63% have led a round.

### Which stages do hardware & Electronics investors in Sweden back?

Of the rounds with a named stage in the last 12 months, mostly Seed (26%) and Series A (24%).

### How big are the rounds hardware & Electronics investors in Sweden join?

The typical (median) round among the leading investors here is $7.5M.

### Which sectors do hardware & Electronics investors in Sweden back most?

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

### Which hardware & Electronics investors in Sweden lead the most rounds?

Index Ventures (62 led), QED Investors (31 led) and NATO Innovation Fund (NIF) (10 led).

### Where are hardware & Electronics investors in Sweden based?

Among the most active, most are based in the United States (5), Sweden (5) and Germany (3).

### What have hardware & Electronics investors in Sweden invested in recently?

Recent rounds include Ocient (Series C, Nov 2026, with In-Q-Tel), ArrayPatch (Seed, Nov 2026, with Enterprise Ireland) and Shinka (Seed, Nov 2026, with Enterprise Ireland).

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