Industrifonden is a Nordic venture capital firm with an evergreen fund, focusing on early-stage companies in Deep Tech, Life Science, and Transformative Tech. Their strategy involves making long-term investments in unique, scalable innovations with global potential that aim to create a positive societal impact.
Deal activity decreased year-over-year (1 deals in the last 12 months vs 5 prior). Average disclosed round size is $16.5M (across 26 rounds with reported amounts).
Portfolio
26
Fund Size
$850M
Top Stage
Series A
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
26 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| VVesiro | Seed | $1.6M | Feb 2026 |
 Novatron Fusion Group | Series A | $10.8M | Mar 2025 |
 Echandia | Unknown | $22M | Mar 2025 |
| AAgteria Biotech | Seed | $6M | Feb 2025 |
| OOpen Payments | Unknown | $3M | Jan 2025 |
| ZZeroPoint Technologies AB | Series A | $5.4M | May 2024 |
| TTelness Tech | Bridge | $5.4M | Apr 2024 |
 Asgard Therapeutics | Series A | $30M | Mar 2024 |
| Novatron Fusion Group | Seed | $5M | Aug 2023 |
 Apica | Unknown | $10M | Aug 2023 |
 Soundtrack Your Brand | Growth | $15M | Jun 2023 |
| TTeitur Trophics | Series A | $28M | Mar 2023 |
| MMinervaX | Series B | $72M | Dec 2022 |
 Funnel | Growth | $66M | Oct 2021 |
| LLimina | Series A | $2.5M | Jul 2021 |
| NNuvoAir | Series A | $12M | Jun 2021 |
| FFormulate | Seed | $3.7M | Jan 2020 |
| Funnel | Series B | $47M | Jan 2020 |
| NNuvoAir | Seed | $3M | Apr 2019 |
| DDPOrganizer | Series A | $3M | Jul 2018 |
 Fishbrain | Series B | $13.5M | Mar 2018 |
| FFunnel.io | Series A | $10M | Sep 2017 |
| Funnel | Series A | $10M | Sep 2017 |
| Soundtrack Your Brand | Series C | $22M | Feb 2017 |
| FFyndiq | Series B | $20M | Nov 2014 |
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Top Co-Investors
Balderton Capital6 shared
Northzone3 shared
Climentum Capital3 shared
Oxx3 shared
Sunstone Life Science Ventures2 shared
Zobito2 shared
Eight Roads Ventures2 shared
F-Prime Capital2 shared
henQ1 shared
J2 ventures1 shared
Paladin Capital Group1 shared
Inbox Capital1 shared
Trill Impact1 shared
Pureos Bioventures1 shared
Wellington Management1 shared
Sanofi Ventures1 shared
Creandum1 shared
Spotify1 shared
Axon Partners Group1 shared
Liontree1 shared
Last updated: 16 April 2026