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Industrifonden

www.industrifonden.com

Industrifonden invests in unique, scalable innovations that improve society through breakthrough technologies and science, focusing on early-stage companies (seed to A-round) with first tickets of 10-50 million SEK. The firm concentrates on three core areas: Deep Tech, Life Science, and Transformative Tech, primarily investing in Nordic-based companies.

Check Size

$10M - $50M

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Investment Thesis

Industrifonden is a long-term oriented venture capital fund focused on backing transformative ventures with the power to change how we live for the better. Founded by the Swedish government in 1979 as an innovation growth engine, the firm maintains an evergreen fund structure that allows it to prioritize long-term value creation over short-term returns. The fund believes that developing fundamental innovations takes time and is committed to being a patient, experienced long-term partner to companies throughout their lifecycle.

What Sets Them Apart

  • Evergreen fund structure enabling long-term focus rather than short-term wins
  • Deep expertise across three distinct practice areas with dedicated practice leads
  • Active support beyond capital provision, including strategic guidance and network access
  • Track record of successful exits including 18 IPOs and notable acquisitions (e.g., Calliditas for 11.2 billion SEK, Arcam for 6 billion SEK)
  • Nordic focus with global scaling capability - experience in bringing Nordic innovations to world markets
  • Government-founded heritage (1979) providing long-term stability and credibility to founders

Portfolio Highlights

Pixelgen

Life Science

Telness Tech

Telecom Iot

AnaCardio

Life Science

Cascade Drives

Deep Tech

Asgard Therapeutics

Life Science

TrusTrace

Transformative Tech

ZeroPoint Technologies

Deep Tech

EnginZyme

Deep Tech

+ 78 more companies in their portfolio

Investment Team

23 Partners at Industrifonden

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