Portfolio map · VC firm · Sweden
Industrifonden portfolio map
42 startups Industrifonden has backed in rounds we track, since 2003, grouped by their main sector. Together they have raised $632M; Industrifonden led at least one round in 4 of them. The biggest sector is Biotech, with 13 companies.
42startups backed
8sectors
$632Mraised between them
Biotechbiggest sector
Biotech
13
Funding by segment
- Biotech$371M13
- IT Services$33M7
- Advertising & Adtech$26M5
- Telecoms$27M4
- Manufacturing$28M4
- Big Data & Analytics$35M3
- Cleantech$62M3
- Fintech$51M3
Where they are based
- Sweden37$498M
- Switzerland1$89M
- Denmark1$30M
- Finland1$4.3M
- United Kingdom1$4.1M
Sweden
Switzerland
Denmark
Finland
United KingdomFounded
17Earlier
312
13
614
15
216
417
218
119
420
21
22
23
24
25
26
3 without a founding year on record.
Total raised
- Under $1M1
- $1M to $10M26
- $10M to $50M13
- $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.
38 of 42 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
- Sweden37
- Switzerland1
- Denmark1
- Finland1
- United Kingdom1
Startups by country, 5 countries in all.
Segment by segment
Biotech
13 startups · $371M raised
AnaCardioAnaCardio is a clinical-stage biopharmaceutical company based in Solna, Sweden, focused on developing innovative treatments for heSwitzerland$89M- OOxTheraSweden$87M
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
Pixelgen TechnologiesPixelgen Technologies AB is a biotechnology company based in Stockholm, founded in 2020.Sweden$29M
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
IT Services
7 startups · $33M raised
TrialBeeTrialbee is an independent software company dedicated to delivering solutions and services to the pharmaceutical industry.Sweden$8.2M- CConveneerConveneer offers software products for direct content dissemination between mobile phones, digital assistants, laptops, and computers.Sweden$5.8M
eBuilderEBuilder provides an IT-based business process outsourcing platform to optimize processes in corporations and public sector agencies.Sweden$5.6M
ZaploxZaplox is a trusted provider of digital guest solutions for the hospitality industry.Sweden$5.5M
Decuma ABDecuma AB develops and markets customized software solutions for the handwriting recognition technology applications.Sweden$3.5M
ZeroPoint TechnologiesZeroPoint Technologies is a semiconductor intelligence company based in Gothenburg, Sweden.Sweden$2.7M
StarcounterStarcounter is a Swedish software development company founded in 2006 and based in Stockholm.Sweden$1.8M
Advertising & Adtech
5 startups · $26M raised
- FRFunnel RaisesSweden$8.0M
AdfenixAdfenix collect & make sense of the world's real estate data.-$6.0M
KeybrokerKeybroker is an online marketing agency interacting with digital channels.Sweden$4.8M- WWidespaceMobile Widespace is an advertising company that sells ads over mobile devices.Sweden$3.7M
QwayaQwaya is a technology company developing tools for paid social media marketing campaigns.Sweden$3.0M
Telecoms
4 startups · $27M raised
- FFlexenclosureFlexenclosure is a developer of prefabricated modular data centers and intelligent power management solutions for the telecom industry.Sweden$24M
Anyfi NetworksAnyfi Networks, based in Sweden, provides mobile Wi-Fi solutions that transforms existing infrastructure into a mobile broadband network.Sweden$1.5M
RepeatitUtforska allt för kontoret på vår webbplats, från kantorsmaterial till inredning och teknologi.Sweden$1.2M
ScaladoScalado is a provider of high-performing imaging technologies, applications and engineering services for the camera phone industry.Sweden$656K
Manufacturing
4 startups · $28M raised
AlixLabsAlixLabs is a Swedish deep-tech company specializing in Atomic Layer Etch (ALE) technology for semiconductor manufacturing.Sweden$16M
CrosserCrosser designs and develops streaming analytics and integration software for any edge, fog, or cloud.Sweden$7.0M
CyrbaCyrba is a supplier of complete whirlpool systems and bath-and-steam shower components developed and manufactured in Sweden.Sweden$2.9M
FreemeltFreemelt is a 3D-printer materials development company.Sweden$1.6M
Big Data & Analytics
3 startups · $35M raised
FishBrainFishbrain is a technology and social media company based in Stockholm, Sweden, dedicated to sport fishing enthusiasts.Sweden$24M
HopsworksHopsworks is a Stockholm-based company that offers an AI Lakehouse platform, integrating data science, data engineering, and machiSweden$6.5M
FormulateAn international team of people dedicated to eCommerce, Import, Export and Distribution.United Kingdom$4.1M
Cleantech
3 startups · $62M raised
Sol VoltaicsSol Voltaics AB is a development-stage nanotechnology company based in Lund, Sweden, founded in 2007.Sweden$44M
YangiYangi is a provider of environmentally friendly packaging solutions.Sweden$12M
SeaPatternSeaPattern is a Swedish company pioneering advanced technology to enhance electricity generation in existing hydropower plants and streams.Sweden$5.8M
Fintech
3 startups · $51M raised
QapitalWe are not your ordinary investor.Sweden$44M
Open PaymentsOpen Payments is a Swedish fintech startup founded in 2017, headquartered in Stockholm.Sweden$4.5M
Limina Investment Management SolutionOrder Management System, Portfolio Compliance and Investment Book of Records (IBOR)Sweden$3.0M
How this map is made. Every startup here has raised money in a round we track that names Industrifonden as an investor, the first in 2003. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026.
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