# VC firms based in Sweden (2026 list) > 390 VC firms based in Sweden, 8% active in the last 12 months. Led by Almi Invest, Creandum, EQT Ventures. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-based-in-sweden (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms based in Sweden Updated 7 November 2026 VC firms headquartered in Sweden. [See all 390 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-sweden)The top 25 **390** investors on the list No change this week **171** cheques in 12 months *-10%* against the market **$5M** median round they joined *-37%* against the market median **8%** wrote a cheque in 12 months **6%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (14) - 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 [EQT Ventures](https://millionrounds.com/fund/eqt-ventures) *Deploying now* VC firm · Sweden **152** **$20M** median round **Oct 2026** last seen - 4 [Industrifonden](https://millionrounds.com/fund/industrifonden) *Deploying now* VC firm · Sweden **140** **$5.8M** median round **Oct 2026** last seen - 5 [Investor AB](https://millionrounds.com/fund/investor-ab) quiet VC firm · Sweden **90** **$17M** median round **Oct 2013** last seen - 6 [Kinnevik](https://millionrounds.com/fund/kinnevik) *Deploying now* VC firm · Sweden **54** **$99M** median round **Sept 2026** last seen - 7 [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) *Deploying now* VC firm · Sweden **50** **$2.6M** median round **Oct 2026** last seen - 8 [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) *Deploying now* VC firm · Sweden **40** **$3.5M** median round **Sept 2026** last seen - 9 [Norrsken Evolve](https://millionrounds.com/fund/norrsken-evolve) *Deploying now* VC firm · Sweden **40** **$1.9M** median round **Oct 2026** last seen - 10 [Pale blue dot](https://millionrounds.com/fund/pale-blue-dot) *Deploying now* VC firm · Sweden **37** **$4.3M** median round **Jul 2026** last seen - 11 [J12 Ventures](https://millionrounds.com/fund/j12) *Deploying now* VC firm · Sweden **33** **$3M** median round **Sept 2026** last seen - 12 [HealthCap](https://millionrounds.com/fund/healthcap) *Deploying now* VC firm · Sweden **32** **$49M** median round **Oct 2026** last seen - 13 [Rite Ventures](https://millionrounds.com/fund/rite-ventures) quiet VC firm · Sweden **12** **$185K** median round **Dec 2014** last seen - 14 [Zobito](https://millionrounds.com/fund/zobito-ab) quiet VC firm · Sweden **9** **$12M** median round **Jun 2019** last seen - 15 [KTH Chalmers Capital](https://millionrounds.com/fund/kth-chalmers-capital) dormant VC firm · Sweden **9** **$1.5M** median round **Jul 2012** last seen - 16 [BackingMinds](https://millionrounds.com/fund/backingminds) *Deploying now* VC firm · Sweden **7** **$6.7M** median round **Nov 2026** last seen - 17 [Navigare Ventures](https://millionrounds.com/fund/navigare-ventures) *Deploying now* VC firm · Sweden **7** **$9.8M** median round **Sept 2026** last seen - 18 [Aggregate Media](https://millionrounds.com/fund/aggregate-media) quiet VC firm · Sweden **6** **$13M** median round **May 2017** last seen - 19 [BrainHeart Capital](https://millionrounds.com/fund/brainheart-capital) quiet VC firm · Sweden **5** **$13M** median round **Jan 2007** last seen - 20 [Nordea](https://millionrounds.com/fund/nordea) quiet VC firm · Sweden **5** **$18M** median round **Sept 2025** last seen - 21 [Innovationsbron Väst Startup AB](https://millionrounds.com/fund/innovationsbron-va-st-startup-ab) quiet VC firm · Sweden **5** **$571K** median round **Dec 2012** last seen - 22 [Karolinska](https://millionrounds.com/fund/karolinska-development) quiet VC firm · Sweden **4** **$11M** median round **Nov 2015** last seen - 23 [Norrlandsfonden](https://millionrounds.com/fund/norrlandsfonden) quiet VC firm · Sweden **4** **$3.4M** median round **Apr 2019** last seen - 24 [Schibsted](https://millionrounds.com/fund/schibsted) quiet VC firm · Sweden **4** **$31M** median round **Sept 2019** last seen - 25 [Sound Bioventures](https://millionrounds.com/fund/sound-bioventures) *Deploying now* VC firm · Sweden **4** **$74M** median round **Oct 2026** last seen **365 more on this list** All 390 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%2Fvc-firms-based-in-sweden) ## 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) - **5** Nov **[Saidot](https://millionrounds.com/company/saidot)** Round *Led by* [BackingMinds](https://millionrounds.com/fund/backingminds) - **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) - **29** Oct **[Fronted](https://millionrounds.com/company/fronted)** Seed · $1.9M *Led by* [Kaknäs Invest](https://millionrounds.com/fund/kaknas-invest) - **27** Oct **[Atlas Bio](https://millionrounds.com/company/atlas-bio)** Seed · $13M *Led by* [Creandum](https://millionrounds.com/fund/creandum) ## Stages This Year 151 rounds - Seed **23%** - Series A **17%** - Venture **15%** - Pre-seed **11%** - Series B **11%** - Other **24%** ## What They Backed Sectors, last 12 months - AI **62** - Biotech **19** - Healthcare **10** - Energy **9** - Software **9** - Fintech **7** ## Cheques by Quarter Led Joined 52 Q1 25 45 Q2 25 59 Q3 25 50 Q4 25 41 Q1 26 41 Q2 26 49 Q3 26 22 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about VC firms based in Sweden ### Who are the most active VC firms based in Sweden? By cheques observed, the most active are Almi Invest, Creandum, EQT Ventures, Industrifonden and Investor AB. ### How many VC firms based in Sweden are there? 390 are on record. 8% made an investment in the last 12 months and 6% have led a round. ### Which stages do VC firms based in Sweden back? Of the rounds with a named stage in the last 12 months, mostly Seed (30%) and Series A (22%). ### How big are the rounds VC firms based in Sweden join? The typical (median) round among the leading investors here is $9.8M. ### Which sectors do VC firms based in Sweden back most? In the last 12 months, mostly AI, Biotech and Healthcare. ### Which VC firms based in Sweden lead the most rounds? EQT Ventures (20 led), Creandum (12 led) and Industrifonden (7 led). ### What have VC firms based in Sweden invested in recently? Recent rounds include MucoLife Therapeutics (Grant, Nov 2026, with Vinnova), Saidot (Nov 2026, with BackingMinds) and Sortrace (Seed, Nov 2026, with Almi Invest). ### How is this list of VC firms based in Sweden 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)