Industrifonden
Investor profile
Investment firmVenture capital
Industrifonden has backed 75 European tech companies across 112 funding rounds between 2005 and 2026, joining rounds totalling €876M. Most active in Software and Healthtech. Data as of Nov 2026.
Deals
112
distinct rounds
Companies
75
backed
Active span
2005–2026
22 yrs
Total round €
€876M
sum of rounds joined
Deals by year
distinct rounds / yearIndustrifonden — deals by year — interactive chart.
Data table
| Industrifonden — deals by year | |
|---|---|
| 2005 | 1 |
| 2006 | 1 |
| 2007 | 2 |
| 2009 | 1 |
| 2011 | 7 |
| 2012 | 6 |
| 2013 | 2 |
| 2014 | 5 |
| 2015 | 9 |
| 2016 | 7 |
| 2017 | 11 |
| 2018 | 3 |
| 2019 | 3 |
| 2020 | 3 |
| 2021 | 8 |
| 2022 | 10 |
| 2023 | 14 |
| 2024 | 5 |
| 2025 | 9 |
| 2026 | 5 |
Top sectors
by dealsIndustrifonden — top sectors — interactive chart.
Data table
| Industrifonden — top sectors | |
|---|---|
| Software | 22 |
| Healthtech | 20 |
| Semiconductors | 9 |
| Energy | 8 |
| Consumer | 8 |
| Media | 8 |
| Marketing | 7 |
| E-commerce | 7 |
| Cleantech | 6 |
| Fintech | 6 |
Stages
by dealsIndustrifonden — stages — interactive chart.
Data table
| Industrifonden — stages | |
|---|---|
| Other | 45 |
| Series A | 23 |
| Early VC | 14 |
| Seed | 14 |
| Growth/Late | 8 |
| Series B | 5 |
| Pre-Seed | 1 |
| Series C | 1 |
| Series D+ | 1 |
Countries
by dealsIndustrifonden — countries — interactive chart.
Data table
| Industrifonden — countries | |
|---|---|
| Sweden | 104 |
| Denmark | 4 |
| Norway | 2 |
| Iceland | 1 |
| UK | 1 |
Co-investment network
shared roundsCo-investment network — interactive chart.
Hover a node for shared-deal counts; click a co-investor to open its profile.
Best viewed on a larger screen.
Frequent co-investors
shared rounds- Navigare Ventures8
- Active Partners7
- Northzone7
- Chalmers Ventures6
- Balderton Capital4
- Climentum Capital4
- Inbox Capital4
- Fairpoint Capital3
- HealthCap3
- HOWZAT Partners3
- Inventure3
- Nano Future Invest3
- Novo Holdings3
- Oxx3
- SEB Venture Capital3
- 42CAP2
- Adjuvant Capital2
- Brightly Ventures2
- Flerie Invest2
- FORWARD.one2
- Global Brain2
- Investinor2
- LF Investment2
- Lundbeckfond Ventures2
- Norrsken Launcher2
Portfolio
top 30 by total round €| Company | Country | Rounds | Total € |
|---|---|---|---|
| AnaCardio | Sweden | 2 | €77M |
| MinervaX | Denmark | 2 | €76M |
| Funnel | Sweden | 2 | €66M |
| BONESUPPORT | Sweden | 3 | €54M |
| Sol Voltaics | Sweden | 4 | €40M |
| Soundtrack Your Brand | Sweden | 2 | €34M |
| poLight | Norway | 2 | €34M |
| OxThera | Sweden | 1 | €32M |
| TrusTrace | Sweden | 2 | €27M |
| Elypta | Sweden | 2 | €26M |
| EnginZyme | Sweden | 2 | €26M |
| FishBrain | Sweden | 3 | €24M |
| Echandia | Sweden | 1 | €20M |
| AlixLabs | Sweden | 2 | €17M |
| Fyndiq | Sweden | 1 | €16M |
| Novatron Fusion Group | Sweden | 2 | €15M |
| Telness Tech | Sweden | 2 | €14M |
| Pixelgen Technologies | Sweden | 1 | €13M |
| Nextory | Sweden | 3 | €13M |
| Apica Systems | Sweden | 1 | €11M |
| Qapital | Sweden | 1 | €11M |
| ZeroPoint Technologies | Sweden | 3 | €11M |
| Pharmalink | Sweden | 1 | €11M |
| Barnebys | Sweden | 6 | €9.8M |
| Apica | Sweden | 2 | €9.2M |
| Soundtrap | Sweden | 2 | €9.0M |
| Open Payments | Sweden | 3 | €9.0M |
| Meniga | Iceland | 1 | €7.5M |
| Movimento Group | Sweden | 2 | €7.3M |
| Melt&Marble | Sweden | 1 | €7.0M |
Biggest deals
top 10 by amount| Company | Stage | Amount | Date |
|---|---|---|---|
| Funnel | Pre-Seed | €57M | 2021-10 |
| MinervaX | Other | €54M | 2023-10 |
| BONESUPPORT | Growth/Late | €33M | 2016-10 |
| OxThera | Other | €32M | 2016-11 |
| TrusTrace | Growth/Late | €22M | 2024-01 |
| MinervaX | Other | €22M | 2022-12 |
| EnginZyme | Series B | €21M | 2022-12 |
| Soundtrack Your Brand | Growth/Late | €20M | 2017-02 |
| Elypta | Series A | €20M | 2022-06 |
| Echandia | Other | €20M | 2025-03 |