# Seed investors based in Stockholm (2026 list) > 23 seed investors based in Stockholm, 83% active in the last 12 months. Led by Almi Invest, Creandum, Industrifonden. Ranked by what they funded. Source: https://millionrounds.com/lists/seed-investors-based-in-stockholm (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Seed investors based in Stockholm Updated 7 November 2026 Firms with an address in Stockholm that we have watched take part in a seed round in the last two years. [See all 23 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseed-investors-based-in-stockholm)The top 23 **23** investors on the list No change this week **144** cheques in 12 months *-10%* against the market **$5.4M** median round they joined *-32%* against the market median **83%** wrote a cheque in 12 months **48%** have led a round ## The Top 23 Ordered by cheques observed, never by anything anyone paid for Deploying now (19) - 1 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen - 2 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen - 3 [Industrifonden](https://millionrounds.com/fund/industrifonden) *Deploying now* VC firm · Sweden **140** **$5.8M** median round **Oct 2026** last seen - 4 [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) *Deploying now* Accelerator · Sweden **66** **$17M** median round **Aug 2026** last seen - 5 [Propel Capital](https://millionrounds.com/fund/propel-capital) *Deploying now* Accelerator · Sweden **52** **$996K** median round **Sept 2026** last seen - 6 [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) *Deploying now* VC firm · Sweden **50** **$2.6M** median round **Oct 2026** last seen - 7 [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) *Deploying now* VC firm · Sweden **40** **$3.5M** median round **Sept 2026** last seen - 8 [Norrsken Evolve](https://millionrounds.com/fund/norrsken-evolve) *Deploying now* VC firm · Sweden **40** **$1.9M** median round **Oct 2026** last seen - 9 [J12 Ventures](https://millionrounds.com/fund/j12) *Deploying now* VC firm · Sweden **33** **$3M** median round **Sept 2026** last seen - 10 [Navigare Ventures](https://millionrounds.com/fund/navigare-ventures) *Deploying now* VC firm · Sweden **7** **$9.8M** median round **Sept 2026** last seen - 11 [PINC](https://millionrounds.com/fund/pinc) *Deploying now* Corporate VC · Sweden **4** **$4.3M** median round **Oct 2026** last seen - 12 [Course Corrected](https://millionrounds.com/fund/course-corrected) *Deploying now* VC firm · Sweden **3** **$7.5M** median round **Aug 2026** last seen - 13 [Further Than Capital](https://millionrounds.com/fund/further-than-capital) *Deploying now* VC firm · Sweden **2** **$7.5M** median round **Sept 2026** last seen - 14 [Novax](https://millionrounds.com/fund/novax) quiet VC firm · Sweden **2** **$5M** median round **Oct 2025** last seen - 15 [node.vc](https://millionrounds.com/fund/node-vc) *Deploying now* VC firm · Sweden **2** **$7M** median round **Apr 2026** last seen - 16 [Ampli Ventures](https://millionrounds.com/fund/ampli-ventures) *Deploying now* VC firm · Sweden **1** **$3.4M** median round **Sept 2026** last seen - 17 [Foundry ventures](https://millionrounds.com/fund/foundry-ventures) *Deploying now* VC firm · Sweden **1** **$615K** median round **Sept 2026** last seen - 18 [Greens Ventures](https://millionrounds.com/fund/greens-ventures) *Deploying now* VC firm · Sweden **1** **$10M** median round **Sept 2026** last seen - 19 [Mudcake](https://millionrounds.com/fund/mudcake) *Deploying now* VC firm · Sweden **1** **$5.4M** median round **Oct 2026** last seen - 20 [Nascent Invest](https://millionrounds.com/fund/nascent-invest) quiet VC firm · Sweden **1** **$6.6M** median round **May 2025** last seen - 21 [Norrsken Launcher](https://millionrounds.com/fund/norrsken-launcher) quiet VC firm · Sweden **1** **$5.8M** median round **Sept 2025** last seen - 22 [VEQ](https://millionrounds.com/fund/veq) quiet VC firm · Sweden **1** **$1M** median round **Aug 2025** last seen - 23 [VNV Global](https://millionrounds.com/fund/vnv-global) *Deploying now* VC firm · Sweden **1** **$25M** median round **Apr 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *Led by* [Almi Invest](https://millionrounds.com/fund/almi-invest) - **30** Oct **[Ares Intelligence](https://millionrounds.com/company/ares-intelligence)** Seed · $3.2M *With* [Creandum](https://millionrounds.com/fund/creandum) - **27** Oct **[Atlas Bio](https://millionrounds.com/company/atlas-bio)** Seed · $13M *Led by* [Creandum](https://millionrounds.com/fund/creandum) - **27** Oct **[Machenta](https://millionrounds.com/company/machenta)** Seed · $40M *Led by* [Creandum](https://millionrounds.com/fund/creandum) - **14** Oct **[OlsAro](https://millionrounds.com/company/olsaro)** Seed · $5.5M *Led by* [Industrifonden](https://millionrounds.com/fund/industrifonden) - **14** Oct **[Cachet](https://millionrounds.com/company/cachet)** Other · $12M *Led by* [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) ## Stages This Year 126 rounds - Seed **28%** - Venture **14%** - Pre-seed **14%** - Series A **14%** - Series B **10%** - Other **20%** ## What They Backed Sectors, last 12 months - AI **50** - Biotech **16** - Energy **7** - Manufacturing **6** - Cleantech **6** - Software **6** ## Cheques by Quarter Led Joined 44 Q1 25 36 Q2 25 51 Q3 25 42 Q4 25 36 Q1 26 37 Q2 26 44 Q3 26 12 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors based in San Francisco 353](https://millionrounds.com/lists/ai-investors-based-in-san-francisco) - [AI investors based in New York 345](https://millionrounds.com/lists/ai-investors-based-in-new-york) - [Seed investors based in San Francisco 273](https://millionrounds.com/lists/seed-investors-based-in-san-francisco) - [Series A investors based in San Francisco 266](https://millionrounds.com/lists/series-a-investors-based-in-san-francisco) - [Series A investors based in New York 255](https://millionrounds.com/lists/series-a-investors-based-in-new-york) - [Seed investors based in New York 227](https://millionrounds.com/lists/seed-investors-based-in-new-york) - [AI investors based in London 223](https://millionrounds.com/lists/ai-investors-based-in-london) - [Series B investors based in New York 198](https://millionrounds.com/lists/series-b-investors-based-in-new-york) - [Fintech investors based in New York 197](https://millionrounds.com/lists/fintech-investors-based-in-new-york) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about seed investors based in Stockholm ### Who are the most active seed investors based in Stockholm? By cheques observed, the most active are Almi Invest, Creandum, Industrifonden, Norrsken VC and Propel Capital. ### How many seed investors based in Stockholm are there? 23 are on record. 83% made an investment in the last 12 months and 48% have led a round. ### Which stages do seed investors based in Stockholm back? Of the rounds with a named stage in the last 12 months, mostly Seed (35%) and Pre-seed (18%). ### How big are the rounds seed investors based in Stockholm join? The typical (median) round among the leading investors here is $5.4M. ### Which sectors do seed investors based in Stockholm back most? In the last 12 months, mostly AI, Biotech and Energy. ### Which seed investors based in Stockholm lead the most rounds? Creandum (12 led), Industrifonden (7 led) and Spintop Ventures (5 led). ### What have seed investors based in Stockholm invested in recently? Recent rounds include Sortrace (Seed, Nov 2026, with Almi Invest), Ares Intelligence (Seed, Oct 2026, with Creandum) and Atlas Bio (Seed, Oct 2026, with Creandum). ### How is this list of seed investors based in Stockholm 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)