NORDIC INNOVATIONS
Bringing breakthroughs to the world
Industrifonden is an evergreen venture capital fund backing innovative companies with the potential to fundamentally reshape industries and create long-term value for society.
We invest with patience and conviction, supporting companies through complexity and critical inflection points, enabling them to scale globally. As an evergreen, fund terms do not dictate our timeline – we're in it for the long run.
Our focus is Sweden, but our reach extends across the New Nordics where we participate in strong syndicates alongside local co-investors, backing exceptional companies wherever they're building in the region.
We invest with patience and conviction, supporting companies through complexity and critical inflection points, enabling them to scale globally. As an evergreen, fund terms do not dictate our timeline – we're in it for the long run.
Our focus is Sweden, but our reach extends across the New Nordics where we participate in strong syndicates alongside local co-investors, backing exceptional companies wherever they're building in the region.
OUR STRATEGIES
LIFE SCIENCE
We are obsessed with the future of human health. We invest in therapeutics and health technologies, backing exceptional founders who turn breakthrough science into treatments and tools that reach patients.
Software
We back founders who have gone deep into an industry and come back with something that changes it — vertical AI and enterprise software, built on genuine domain conviction. We invest early, at the moment a product is proven and its market is next.
growth
We back companies that are ready to win beyond their home market. We invest in proven products with real commercial traction, partnering with ambitious teams at the point where disciplined scaling turns a strong business into a category leader.
Deep tech & planetary health
We back the founders working at the frontier of what science and engineering can achieve. From energy systems and advanced materials to novel computing and the technologies that protect and restore our planet, we invest where deep technical conviction meets the challenges that define our era.
PORTFOLIO
Some of the companies
we've partnered with
we've partnered with
AlixLabs
Patterning beyond lithography's limits
AlixLabs is disrupting the semiconductor landscape with their innovative approach to manufacturing. Through their ALE Pitch Splitting technology (APS), they enable the precise division of nanostructures while significantly reducing energy consumption and emissions.
Asgard Therapeutics
Reprogramming cancer into immunity
What if you could reprogram a cancer cell into an immune one? It sounds like science fiction but through years of research, Asgard Therapeutics might have found the solution on how to do just this. The technology is focused on direct cell reprogramming to discover novel approaches for cancer immunotherapy.
Digip
Digitalizing the intellectual property market
80 percent of a company’s value resides in intangible assets, but the process of trademarking them has previously been lengthy and cumbersome. Now Digip has made the traditional intellectual property rights market completely digital.
Nextory
Streaming service for books
Since the company was launched, it has developed into a fast-growing platform that enables the unlimited distribution of stories and knowledge in various digital formats. For a fixed monthly fee, customers can get unlimited access to popular titles across all genres. Today, Nextory is launched in 10 markets and is one of the Nordic region’s largest subscription services for audio and e-books.
Nodica Group
Leader in advanced power electronics
Nodica Group consists of four specialized companies: ScandiNova, Scanditronix, IECO and Microwave Amps. By pushing the boundaries of technology, all companies design and deliver advanced power systems for new findings and progress in areas such as radiotherapy, scientific research and various industrial processes. The portfolio includes world leading key sub-systems such as high-voltage pulse modulators, electromagnets, RF- and power amplifiers, and precision power supplies.
Pixelgen Technologies
High resolution protein interactomics
Pixelgen has developed Molecular Pixelation, a DNA-based visualization technology for analyzing cell surface proteins, to gain novel insights into cellular activity that will advance better medicines and diagnostics.
Purpose Pharma
Specialty medicines for rare diseases
Purpose Pharma is a patient-centric European based pharmaceutical company focusing on the development and commercialization of novel rare disease and specialty care products in areas of high unmet medical need.
SaltX
Decarbonizing quicklime and cement production
SaltX is on a mission to reshape heavy-emission industries by eliminating their dependency on fossil fuels. Our main focus is the quicklime and cement sectors, responsible for a staggering 8% of the world’s CO2 emissions. We’re driving innovation and scaling up electrification and carbon separation technologies with one clear goal: to catalyze a massive shift towards zero industrial emissions at a gigaton scale.
Tribune Therapeutics
A new class of anti-fibrotic drugs
Tribune Therapeutics is a preclinical biopharmaceutical company building a promising pipeline of novel medicines to treat patients with a wide range of fibrotic diseases.
Valdyr (Telness Tech)
Next generation telecom solutions
Valdyr (Telness Tech) is a next-generation cloud-based B2B telecom solution for companies looking to enhance innovation capacity while reducing cost and complexity. The product offering consists of an end-to-end Digital Telco on Demand and a White-label Private Branch Exchange (PBX). The company’s flexible and modular telco platform can be deployed and run on any of the major cloud solutions, as well as incumbent IT systems.
VALDYR
“Industrifonden's experience in scaling companies globally makes them an invaluable partner on our growth journey”
Martina Klingvall
Founder and CEO
PIXELGEN
"Industrifonden has been instrumental in our development – providing early conviction, expert support, and founder-friendly guidance."
Simon Fredriksson
CEO
Alixlabs
“Industrifonden's support gave us more than capital – it gave us credibility, strategic guidance, and a long-term partner who believes in our mission.”
Dr. Jonas Sundqvist
CEO and co-founder
MEET US
18 Nov 2026
SLUSH
Industrifonden will be at Slush in Helsinki on November 18–19. Slush brings together founders, investors and the wider startup ecosystem for two days of meetings, conversations and company building. With thousands of startups and investors attending, the event is a key meeting point for the European tech and venture capital community
09 Nov 2026
Web Summit
Web Summit takes place in Lisbon and brings together founders, investors, technology companies and industry leaders from around the world for four days of conversations, networking and exploration of the technologies and trends shaping the future. Clara Norgren, Rebecka Kornfeld, Elena Vallin, Elena Lindahl, Andreas Söneby and Anna Ljungdahl will attend. Reach out to the Industrifonden team if you would like to connect .
05 Nov 2026
Industrifonden Venture and Art Summit
Bringing together founders, investors, scientists and creatives for conversations that challenge how we think about creating and leadership. Art may disturb you throughout the program. Invitation only.
