Investors / Sweden / Industrifonden
Industrifonden
Venture capital · Sweden · Europe
Industrifonden is an evergreen venture capital fund founded by the Swedish government in 1979 as an independent foundation. It invests in early-stage companies across life science, deep tech, software, and growth, with a first ticket typically of EUR 1–5 million and capacity to invest more over a company's lifecycle.
Invests inHealthcare & BiotechAI & Machine Learning
In its own wordslife sciencedeep techsoftwarevertical aienterprise softwareplanetary health
Your fit with Industrifonden
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsIndustrifonden lists 84 checked portfolio companies on its own site and is named in 10 funding rounds, 5 of them as lead. Its most frequent entry is Series A, 44% of the companies with a known first round. Its largest themes are Healthcare & Biotech (27%), AI & Machine Learning (18%) and Industrial & Manufacturing (11%). 84% of its companies are based in Sweden. It invests most often alongside Navigare Ventures, Chalmers Ventures and HealthCap.
Counts come from funding rounds that name Industrifonden, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Industrifonden's whole history. Rounds on record name 9 companies; its own site lists 84. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 33% |
| Series A | 44% |
| Series B | 11% |
| Growth | 11% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 4 | 2 |
| '26 | 6 | 3 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 94th | 86 companies |
| Recent activity | 93th | 8 rounds in 12 months |
| Early stage | 64th | 33% of entries at pre-seed or seed |
| Evidence | 75th | 9% of companies confirmed by a round |
| Sector focus | 43th | 27% in its largest sector |
| Reach | 84th | 6 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Healthcare & Biotech | 27% | 15% |
| AI & Machine Learning | 18% | 18% |
| Industrial & Manufacturing | 11% | 7% |
| Enterprise Software | 7% | 8% |
| Fintech | 6% | 12% |
| Media & Entertainment | 5% | 4% |
| Education | 5% | 7% |
| Cybersecurity | 5% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Navigare Ventures | 6 |
| Chalmers Ventures | 5 |
| HealthCap | 5 |
| Brightly Ventures | 4 |
| Fairpoint Capital | 4 |
| Almi | 3 |
| FSG | 3 |
| Northzone | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers84100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Navigare Ventures
Compare Industrifonden head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Industrifonden| Date | Company | Stage |
|---|---|---|
| 14 Oct 2026 | Seed Led | |
| 22 Sept 2026 | Series C+ | |
| 9 Sept 2026 | Seed | |
| 20 Aug 2026 | Series B | |
| 9 Jun 2026 | Series A Led | |
| 20 Apr 2026 | Series A Led | |
| 1 Dec 2025 | Series A Led | |
| 18 Nov 2025 | Series A |
Round details for Industrifonden
Amounts, full round histories and every co-investor in Industrifonden's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
84 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Portfolio page | ||||
| AdamantQ develops and manufactures next-generation chip-scale quantum sensors for precise measurements, robust communication and reliable navigation | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Portfolio page | ||||
| Airsonett develops and provides a medical device for the treatment of allergic asthma and atopic dermatitis | Healthcare & Biotech | Portfolio page | ||
| AlixLabs develops breakthrough equipment for next-generation semiconductor manufacturing | Industrial & Manufacturing | Nov 2025Series A · 2 rounds | Page + round | |
| The company analyzes MRI to classify and quantify muscle and fat with unprecedented accuracy and precision. | Healthcare & Biotech | Portfolio page | ||
| AnaCardio is developing novel drugs to treat heart failure | Healthcare & Biotech | Portfolio page | ||
| Apica provides a telemetry pipeline for AI-era data volumes and offers various products for managing telemetry agents, storing and querying data, and observing AI-driven correlation across logs, metrics, and traces. | AI & Machine LearningCybersecurity | Portfolio page | ||
| Arevo develops and provides arginine-powered crop nutrition technology to help growers produce more with less synthetic input. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Asgard Therapeutics is a Swedish private biotech company exploring direct cell reprogramming technologies to develop ground-breaking cancer immunotherapies. | Healthcare & Biotech | Portfolio page | ||
| Avassa operates edge application management and operations | AI & Machine LearningCybersecurity | Portfolio page | ||
| Avidicare helps healthcare work towards zero infections through their Opragon ventilation system, protecting patients and staff against airborne infections. | Healthcare & Biotech | Portfolio page | ||
| Portfolio page | ||||
| Portfolio page | ||||
| BOOST Pharma develops a therapy for severe osteogenesis imperfecta, a brittle bone disease in children. | Healthcare & Biotech | Portfolio page | ||
| The company develops human brain cell models for drug discovery | Healthcare & Biotech | Portfolio page | ||
| Calliditas Therapeutics develops and commercializes novel medications for rare diseases, including renal and hepatic diseases. | Healthcare & Biotech | Portfolio page | ||
| Cascade Drives develops and manufactures electric power steering systems and linear drives for various industries, including commercial vehicles, marine, and industrial applications. | Industrial & ManufacturingMobility & Logistics | Portfolio page | ||
| CellaVision automates the workflow in hematology laboratories of all sizes, covering human and animal blood and body fluid samples. | Healthcare & Biotech | Portfolio page | ||
| Cellevate offers next-generation cell culture products for upstream bioprocessing, powered by its proprietary nanofiber technology, Cellevat3d | Healthcare & Biotech | Portfolio page |
About this data
site last read 11 Nov 2026- Site
- industrifonden.com
- Last read
- 11 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 18 Aug 2025
- Companies checked
- 84
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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