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The Venture Codex

Industrifonden

Vasagatan 11, Stockholm, 111 91, Sweden

Overview

Nordic venture capital firm investing in early-stage tech and life sciences

Founded

1979

Deals · 12mo

11

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A

Geographic focus

Sweden
United States

Sector focus

Biotechnology
Finance
Financial Services
Management Consulting
...

Investment portfolio

150rounds
NAMEDATESIZE
AnaCardio
Sep 2026Participated
$71 MSeries B
EnginZyme
Sep 2026Participated
$8 MOther Equity
Pixelgen Technologies
Aug 2026Participated
$16 MSeries B
Enginio
Jun 2026Led
$3 MOther Equity
Evam
May 2026Led
$4 MSeries A
Cellevate
Apr 2026Participated
$2 MOther Equity
Nextory
Feb 2026Led
$14 MOther Equity
Vesiro
Feb 2026Participated
$2 MSeed
Melt&Marble
Dec 2025Led
$9 MSeries A
AlixLabs
Nov 2025Led
$16 MSeries A
Arevo
Oct 2025Participated
$9 MOther Equity
Yangi
Sep 2025Led
$12 MSeries A
AnaCardio
Sep 2026Participated
$71 MSeries B
EnginZyme
Sep 2026Participated
$8 MOther Equity
Pixelgen Technologies
Aug 2026Participated
$16 MSeries B
Enginio
Jun 2026Led
$3 MOther Equity
Evam
May 2026Led
$4 MSeries A
Cellevate
Apr 2026Participated
$2 MOther Equity
Nextory
Feb 2026Led
$14 MOther Equity
Vesiro
Feb 2026Participated
$2 MSeed
Melt&Marble
Dec 2025Led
$9 MSeries A
AlixLabs
Nov 2025Led
$16 MSeries A
Arevo
Oct 2025Participated
$9 MOther Equity
Yangi
Sep 2025Led
$12 MSeries A
150
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Industrifonden: 150 funding rounds are recorded in the selected participation categories.All available history.
Industrifonden: 150 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed125
Series A2017
Series B17
Series C+22
Other Equity3250
Debt02

Monthly Deal Activity

Industrifonden: 150 deals are recorded across 197 months.All available history.
Industrifonden: 150 deals are recorded across 197 months. All available history
MonthDeals
Jun '101
Jul '101
Aug '100
Sep '101
Oct '100
Nov '100
Dec '100
Jan '111
Feb '110
Mar '111
Apr '110
May '111
Jun '113
Jul '112
Aug '111
Sep '110
Oct '111
Nov '111
Dec '111
Jan '122
Feb '120
Mar '120
Apr '121
May '120
Jun '122
Jul '122
Aug '120
Sep '122
Oct '120
Nov '120
Dec '122
Jan '130
Feb '130
Mar '130
Apr '130
May '131
Jun '132
Jul '130
Aug '131
Sep '131
Oct '131
Nov '130
Dec '131
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '141
Aug '140
Sep '140
Oct '140
Nov '141
Dec '142
Jan '151
Feb '151
Mar '150
Apr '150
May '151
Jun '150
Jul '151
Aug '150
Sep '150
Oct '151
Nov '150
Dec '151
Jan '160
Feb '161
Mar '160
Apr '160
May '161
Jun '160
Jul '160
Aug '161
Sep '160
Oct '162
Nov '162
Dec '160
Jan '171
Feb '171
Mar '171
Apr '174
May '170
Jun '170
Jul '171
Aug '170
Sep '173
Oct '171
Nov '171
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '181
Aug '182
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '192
Mar '190
Apr '192
May '190
Jun '190
Jul '191
Aug '190
Sep '191
Oct '190
Nov '191
Dec '190
Jan '203
Feb '200
Mar '200
Apr '202
May '201
Jun '200
Jul '200
Aug '201
Sep '200
Oct '200
Nov '201
Dec '202
Jan '210
Feb '211
Mar '211
Apr '210
May '210
Jun '212
Jul '212
Aug '210
Sep '211
Oct '212
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '221
May '221
Jun '223
Jul '220
Aug '220
Sep '223
Oct '220
Nov '222
Dec '223
Jan '231
Feb '231
Mar '232
Apr '230
May '230
Jun '232
Jul '231
Aug '233
Sep '231
Oct '234
Nov '231
Dec '230
Jan '241
Feb '240
Mar '242
Apr '241
May '242
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '252
Feb '252
Mar '253
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '251
Oct '251
Nov '251
Dec '251
Jan '260
Feb '262
Mar '260
Apr '261
May '261
Jun '261
Jul '260
Aug '261
Sep '262
Oct '260

Sector Breakdown

Industrifonden: Enterprise Software is the largest displayed sector by deal count (46 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Industrifonden: Enterprise Software is the largest displayed sector by deal count (46 deals). All available history
SectorDeals
Enterprise Software46
Health & Life Sciences45
E-Commerce & Retail22
Networks, Cloud & Communication22
Hardware & Robotics21
Clean Energy & Sustainability18
Data, Analytics & IT18
Manufacturing18
Space & Frontier Tech17
Marketing & Advertising12
Professional Services12
Media & Entertainment11
Consumer & Lifestyle10
Social & Community Platforms9
Fintech8
Cybersecurity & Privacy7
AI & Machine Learning7
Food & Agriculture7
Transportation & Logistics4
Education & Workforce3
Gaming & eSports3
Developer Tools3
AR/VR2
Travel & Hospitality1
Government & Defense1
Crypto & Blockchain1

Deal Size Distribution

Industrifonden: 150 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Industrifonden: 150 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M65
$5M-$10M35
$10M-$25M38
$25M-$50M7
$50M-$100M5
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Industrifonden: Europe has the largest recorded deal count among the displayed regions (137 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Industrifonden: Europe has the largest recorded deal count among the displayed regions (137 deals). All available history
RegionDeals
Europe137
United States10
United Arab Emirates3
Industrifonden: 20 co-investors are shown, with Almi Invest sharing 9 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Industrifonden: 20 co-investors are shown, with Almi Invest sharing 9 recorded deals. All available history
Co-investorShared deals
Almi Invest9
Navigare Ventures9
Northzone9
SEB Venture Capital9
Chalmers Ventures7
Novo Holdings7
Balderton Capital6
Oxx6
Climentum Capital5
Fairpoint Capital5
HealthCap5
Inbox Capital5
Investinor5
Zobito5
Active Venture Partners4
Creades4
Flerie Invest4
KTH Chalmers Capital4
Nano Future Invest4
Pureos Bioventures4

Investment Strategy

Industrifonden: Led accounts for 45% and participating for 55% of round participation.All available history.
Industrifonden: Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led6745%
Participating8355%
Industrifonden: Single-lead accounts for 54% and co-led for 46% of lead dynamics.All available history.
Industrifonden: Single-lead accounts for 54% and co-led for 46% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3654%
Co-led3146%

Team

Anna Haupt
Anna Ljungdahl

Senior Investment Director

Hadar Cars

Senior Investment Director

Jonas Brambeck

Investment Manager - Life Science

Jonas Jendi

Investment Director

Jonathan Ilicki
Marten Skogo

CTO

Patrik Sobocki (MSc, PhD)
Per Anell

Investment Director

Sara Mattsson

Chief Communications Officer

Thomas Gorling

Asset Manager

Tobias Elmquist

Senior Investment Director

Tore Tolke

Investment Manager Technology