Friends Capital is a Stockholm-based venture capital firm founded by Benify co-founders Markus Kullendorff and Åke Lundén. The firm invests in fast-growing Nordic tech companies, applying the founders' own entrepreneurial experience to help portfolio teams achieve growth and success.
Average disclosed round size is $11.0M (across 15 rounds with reported amounts).
Portfolio
18
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
20 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Plum | Series B | — | Jul 2024 |
 Harbor Lab | Series A | — | May 2024 |
 Carmoola | Series A | $10.3M | Jan 2024 |
 Louisa AI | Seed | $5M | Jan 2024 |
 Orchata | Seed | $4M | Aug 2021 |
 KeyOps | Pre-Seed | $650K | Jan 2021 |
 Stellar Health | Series B | $70M | Jan 2021 |
 Harbor | Series B | $28M | Apr 2018 |
 Givecampus | Unknown | $1M | Jan 2015 |
| CCarvel | Unknown | $100K | Jan 1946 |
| WWeengs | Series A | — | — |
 Lemonada | Seed | $1.5M | — |
| Harbor | Series A | $16M | — |
| CCaire | Unknown | $600K | — |
| MMatch2One | Unknown | $3M | — |
| PPayfully | Seed | $300K | — |
| EEradivir | Series A | $10.3M | — |
 Embat | Series B | — | — |
| Embat | Seed | — | — |
 Cherish | Seed | $14M | — |
Top Co-Investors
Y Combinator4 shared
Speedinvest3 shared
TMV3 shared
Notion Capital3 shared
Atomico3 shared
private angel investors2 shared
Samaipata2 shared
Creandum2 shared
4Founders Capital2 shared
Endeavor2 shared
VentureFriends2 shared
MaRS IAF1 shared
The Goldman Sachs Group, Inc.1 shared
India Quotient1 shared
Palm Drive Capital1 shared
Evolution Equity Partners1 shared
Gaingels1 shared
Nucleus Capital1 shared
Samos Investments1 shared
Last updated: 20 October 2026