# Investors based in the Nordics (2026 list) > 2,955 investors based in the Nordics, 5% active in the last 12 months. Led by Seed Capital, Almi Invest, Creandum. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-nordics (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in the Nordics Updated 7 November 2026 Firms headquartered in the Nordics, ordered by what we have observed them do. [See all 2,955 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-nordics)The top 25 **2,955** investors on the list *+2* this week **601** cheques in 12 months *+4%* against the market **$7M** median round they joined *-12%* against the market median **5%** wrote a cheque in 12 months **3%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (21) - 1 [Seed Capital](https://millionrounds.com/fund/seed-capital) *Deploying now* VC firm · Denmark **347** **$4M** median round **Sept 2026** last seen - 2 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen - 3 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen - 4 [Novo Holdings](https://millionrounds.com/fund/novo-ventures) *Deploying now* VC firm · Denmark **203** **$60M** median round **Oct 2026** last seen - 5 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen - 6 [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) *Deploying now* VC firm · Sweden **152** **$20M** median round **Oct 2026** last seen - 7 [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) *Deploying now* VC firm · Finland **141** **$5.7M** median round **Nov 2026** last seen - 8 [Industrifonden](https://millionrounds.com/fund/industrifonden) *Deploying now* VC firm · Sweden **140** **$5.8M** median round **Oct 2026** last seen - 9 [Inventure](https://millionrounds.com/fund/inventure) *Deploying now* VC firm · Finland **130** **$5.9M** median round **Nov 2026** last seen - 10 [Nokia Growth Partners](https://millionrounds.com/fund/nokia-growth-partners) quiet VC firm · Finland **96** **$28M** median round **Dec 2019** last seen - 11 [Investor AB](https://millionrounds.com/fund/investor-ab) quiet VC firm · Sweden **90** **$17M** median round **Oct 2013** last seen - 12 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **84** **$2.5M** median round **Oct 2026** last seen - 13 [Katapult](https://millionrounds.com/fund/katapult) *Deploying now* VC firm · Norway **83** **$1M** median round **Sept 2026** last seen - 14 [Sunstone Life Science Ventures](https://millionrounds.com/fund/sunstone-life-science-ventures) *Deploying now* VC firm · Denmark **82** **$25M** median round **Dec 2025** last seen - 15 [Heartcore Capital](https://millionrounds.com/fund/heartcore-capital) *Deploying now* VC firm · Denmark **81** **$9.2M** median round **Nov 2026** last seen - 16 [Accelerace](https://millionrounds.com/fund/accelerace) quiet Accelerator · Denmark **78** **$549K** median round **Mar 2015** last seen - 17 [ByFounders](https://millionrounds.com/fund/byfounders) *Deploying now* VC firm · Denmark **71** **$3.6M** median round **Sept 2026** last seen - 18 [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) *Deploying now* Accelerator · Sweden **66** **$17M** median round **Aug 2026** last seen - 19 [Innovestor](https://millionrounds.com/fund/innovestor) *Deploying now* Angel network · Finland **58** **$2.5M** median round **Oct 2026** last seen - 20 [Finnvera Venture Capital](https://millionrounds.com/fund/finnvera) quiet Government · Finland **56** **$19M** median round **Dec 2024** last seen - 21 [Kinnevik](https://millionrounds.com/fund/kinnevik) *Deploying now* VC firm · Sweden **54** **$99M** median round **Sept 2026** last seen - 22 [Superhero Capital](https://millionrounds.com/fund/superhero-capital) *Deploying now* VC firm · Finland **54** **$1.4M** median round **Oct 2026** last seen - 23 [Startuplab](https://millionrounds.com/fund/startuplab) *Deploying now* Accelerator · Norway **53** **$1.1M** median round **Aug 2026** last seen - 24 [Propel Capital](https://millionrounds.com/fund/propel-capital) *Deploying now* Accelerator · Sweden **52** **$996K** median round **Sept 2026** last seen - 25 [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) *Deploying now* VC firm · Sweden **50** **$2.6M** median round **Oct 2026** last seen **2,930 more on this list** All 2,955 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%2Finvestors-based-in-nordics) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[MucoLife Therapeutics](https://millionrounds.com/company/mucolife-therapeutics)** Grant · $102K *Led by* [Vinnova](https://millionrounds.com/fund/vinnova) - **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 **[Saidot](https://millionrounds.com/company/saidot)** Round *Led by* [BackingMinds](https://millionrounds.com/fund/backingminds) - **5** Nov **[Claimlane](https://millionrounds.com/company/claimlane)** Series A · $6.3M *With* [Vendep Capital](https://millionrounds.com/fund/vendep-capital) - **4** Nov **[Juritas](https://millionrounds.com/company/juritas)** Pre-seed · $1.6M *With* [BlackWood Ventures](https://millionrounds.com/fund/blackwood-ventures) - **4** Nov **[Supa](https://millionrounds.com/company/supa)** Seed · $28M *Led by* [OpenOcean](https://millionrounds.com/fund/openocean) ## Stages This Year 460 rounds - Seed **20%** - Series A **17%** - Pre-seed **14%** - Venture **13%** - Other **8%** - Other **27%** ## What They Backed Sectors, last 12 months - AI **158** - Biotech **49** - Healthcare **32** - Energy **27** - Big Data & Analytics **26** - Software **26** ## Cheques by Quarter Led Joined 150 Q1 25 157 Q2 25 153 Q3 25 156 Q4 25 144 Q1 26 143 Q2 26 176 Q3 26 85 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in North America 78,049](https://millionrounds.com/lists/investors-based-in-north-america) - [Investors based in Europe 28,058](https://millionrounds.com/lists/investors-based-in-europe) - [Investors based in Asia 14,754](https://millionrounds.com/lists/investors-based-in-asia) - [Investors based in the Middle East 5,562](https://millionrounds.com/lists/investors-based-in-middle-east) - [Investors based in MENA 5,379](https://millionrounds.com/lists/investors-based-in-mena) - [Investors based in Latin America 3,985](https://millionrounds.com/lists/investors-based-in-latam) - [Investors based in Southeast Asia 3,496](https://millionrounds.com/lists/investors-based-in-southeast-asia) - [Investors based in Africa 3,447](https://millionrounds.com/lists/investors-based-in-africa) - [Investors based in Benelux 3,080](https://millionrounds.com/lists/investors-based-in-benelux) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in the Nordics ### Who are the most active investors based in the Nordics? By cheques observed, the most active are Seed Capital, Almi Invest, Creandum, Novo Holdings and Business Finland. ### How many investors based in the Nordics are there? 2,955 are on record. 5% made an investment in the last 12 months and 3% have led a round. ### Which stages do investors based in the Nordics back? Of the rounds with a named stage in the last 12 months, mostly Seed (26%) and Series A (23%). ### How big are the rounds investors based in the Nordics join? The typical (median) round among the leading investors here is $5.7M. ### Which sectors do investors based in the Nordics back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which investors based in the Nordics lead the most rounds? EQT Ventures (20 led), Creandum (12 led) and Industrifonden (7 led). ### What have investors based in the Nordics invested in recently? Recent rounds include MucoLife Therapeutics (Grant, Nov 2026, with Vinnova), Vensum Power (Series A, Nov 2026, with Lifeline Ventures) and Saidot (Nov 2026, with BackingMinds). ### How is this list of investors based in the Nordics 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)