Sector portfolio · VC firm · Sweden
Industrifonden's Biotech portfolio
Industrifonden has backed 12 Biotech startups in rounds we track, $357M between them, shown by the stage each has reached. The best-funded is Anacardio.
Funding by segment
- Series A$130M6
- Stage not reported$108M4
- Series B$119M2
Where they are based
- Sweden9$233M
- Denmark1$30M
- Finland1$4.3M
- Switzerland1$89M
Sweden
Denmark
Finland
SwitzerlandFounded
2 without a founding year on record.
Total raised
- Under $1M0
- $1M to $10M4
- $10M to $50M6
- $50M to $250M2
- $250M to $1B0
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
10 of 12 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- Sweden9
- Denmark1
- Finland1
- Switzerland1
Startups by country, 4 countries in all.
Segment by segment
Series A
6 startups · $130M raised
Asgard TherapeuticsAsgard Therapeutics is a privately held biotech company based in Lund, Sweden, founded in 2018 as a spin-off from Lund University.Sweden$33M
Teitur TrophicsTeitur Trophics is a biotechnology company based in Aarhus, Denmark, focused on developing innovative treatments for neurodegeneraDenmark$30M
Tribune TherapeuticsTribune Therapeutics is a preclinical biopharmaceutical company based in Stockholm, Sweden, founded in 2020.Sweden$25M
Gesynta Pharma ABGesynta Pharma AB is a clinical-stage pharmaceutical company based in Stockholm, Sweden, founded in 2017.Sweden$21M- CCardozCardoz AB, based in Stockholm, Sweden, manufactures anti-inflammatory pharmaceuticals to combat heart and vascular disorders.Sweden$18M
CombinosticsCombinostics is a software tools for diagnostics support.Finland$4.3M
Stage not reported
4 startups · $108M raised
- OOxTheraSweden$87M
- AAmraAmra uses cloud-based, computer aided service to analytically transform MR images into body composition measurements.Sweden$9.0M
EnginZymeEnginZyme is a biotechnology company based in Solna, Stockholm, founded in 2014.Sweden$7.6M- MMMitra Medical TechnologyMitra Medical Technology is a biomedical company developing systems for systemic cancer therapy and diagnosis.Sweden$4.3M
Series B
2 startups · $119M raised
AnaCardioAnaCardio is a clinical-stage biopharmaceutical company based in Solna, Sweden, focused on developing innovative treatments for heSwitzerland$89M
Pixelgen TechnologiesPixelgen Technologies AB is a biotechnology company based in Stockholm, founded in 2020.Sweden$29M
How this map is made. Every startup here works in Biotech and has raised money in a round we track that names Industrifonden as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.
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