Luminar Ventures is a Stockholm-based venture capital firm focused on pre-seed and seed-stage investments in Nordic technology startups. Founded in 2017 by former entrepreneurs and angel investors, it is one of the most active seed-stage VC funds in the Nordics, with a sector focus on AI, sustainability, and fintech.
Deal activity decreased year-over-year (2 deals in the last 12 months vs 3 prior). Their most common stage is seed (42% of deals). Average disclosed round size is $3.9M (across 12 rounds with reported amounts).
Portfolio
30
Fund Size
$65M
Top Stage
Seed
Last 12 Mo
2
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
36 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Fika Jobs | Pre-Seed | $4M | Jun 2026 |
 Photoncycle | Series A | — | Mar 2026 |
| Fika Jobs | Pre-Seed | $4M | Jan 2026 |
 Opper | Pre-Seed | — | Jul 2025 |
 Motorica | Seed | — | Jan 2025 |
 FirstQFM | Pre-Seed | — | Jan 2025 |
 Corsmed | Unknown | — | Dec 2024 |
| YYazen Health | Series A | — | Nov 2024 |
 Greenely | Series A | — | Jul 2024 |
 Lightbringer | Series A | $10M | Jan 2024 |
 Insurely | Growth | — | Dec 2023 |
 CodeScene | Unknown | — | Aug 2023 |
 Aviant | Seed | $2.3M | Nov 2022 |
| Insurely | Series A | — | Jan 2022 |
 Omocom | Seed | — | May 2020 |
 Mindler | Series A | $8.8M | Apr 2020 |
 Normative | Seed | $2.1M | Sep 2019 |
| AAlbacross | Series A | — | Jan 2019 |
| IInstabridge | Seed | $3M | Apr 2018 |
| AAlbacross | Seed | $393K | Jan 2018 |
| Aviant | Seed | — | — |
 Rocky Road | Seed | $2.5M | — |
 Heja | Seed | $4.2M | — |
 Starmony | Unknown | $3.5M | — |
 iPercept | Unknown | — | — |
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Top Co-Investors
Alliance VC4 shared
Almi Invest3 shared
byFounders2 shared
ING Ventures2 shared
NordicNinja2 shared
Lugard Road Capital2 shared
CNI2 shared
Opera Tech Ventures2 shared
Insight Partners2 shared
Max Ventures2 shared
Bonnier Capital2 shared
BSV Ventures2 shared
Luminar2 shared
Aggregate Media2 shared
ReGen Ventures1 shared
XYZ Venture Capital1 shared
Emblem1 shared
Greenoaks Capital1 shared
MOOR Holding1 shared
Creandum1 shared
Last updated: 19 September 2026