The Venture Codex Logo

The Venture Codex

VEQ

S:t Göransgatan 63, Stockholm, Stockholms Lan, 112 38, Sweden

Overview

VEQ invests in early-stage tech companies with good ideas, and with good ideas, we mean ideas that also leave some kind of positive impact.

Total investments
3
Lead investments
3
Investments · 12mo
1
Active investors
1

Sector focus

  • Financial Services
  • Impact Investing
  • Venture Capital
Visit website

Investment portfolio

  • Cleean

    Led · Seed · Jun 2026

    Cleean develops autonomous drone systems aimed at automating exterior building maintenance, including façades, windows, and roofs. The company markets its solution as an alternative to traditional scaffolding and rope-access methods, emphasizing reduced safety risks for workers. Cleean targets commercial real estate owners in the Scandinavian region, citing demand from that market as central to its growth strategy. Financially, the company completed its first external funding round, raising €550,000 from VEQ. Cleean intends to deploy the capital to expand its drone technology, invest in its patented cleaning systems, and scale commercial operations and operational capacity. The firm frames these steps as part of a broader effort to modernize industrial maintenance standards in property management.

  • Nrlyze

    Led · Equity · Aug 2025

    Nrlyze combines AI algorithms with on-site hardware to analyse, detect, and correct misconfigured or imbalanced heating systems in buildings. Its platform targets 10–15% reductions in heating bills while improving property valuations by lowering operating expenses. Founded in 2020 by Lars Hansson and Christian Engstrand and based in Stockholm, the company currently serves nearly 100 customers, mainly smaller owners and associations, and is moving upmarket. Nrlyze reported almost SEK 8M in revenue in 2024, up from SEK 4M in 2023, and improved its result from minus SEK 1M to approximately SEK 500,000. The company plans to use recent funding to scale its organisation, pursue larger portfolios, build long-term partnerships, and accelerate expansion into new markets.

  • Lunch.co

    Led · Seed · Sep 2021

    Lunch.Co is a marketplace platform that operates through an app allowing colleagues to share home-cooked meals at work, aiming to deepen connections and engagement. Core to its mission are social impact and sustainability, including donating one meal to people in need for each meal bought on the platform and efforts to reduce food waste. Founded in 2019 and based in Stockholm, the startup has formed partnerships with Sodexo and Coop to target the workplace lunch market. The company plans to use new funding to roll out offerings across Swedish offices and expand into Nordic offices as employees return to hybrid work. Lunch.Co announced a €500k pre-seed funding round led by VEQ with Antler and Rockstart as co-investors. The startup intends to leverage its partner pipeline in 2022 to scale adoption in corporate workplaces.

Team

  • Viktor Gällström

    Founding Partner & Investment Manager

    LinkedIn