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 (3 deals in the last 12 months vs 5 prior). Their most common stage is seed (43% of deals). Average disclosed round size is $4.4M (across 13 rounds with reported amounts).
Portfolio
35
Fund Size
$65M
Top Stage
Seed
Last 12 Mo
3
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
44 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Fika Jobs | Pre-Seed | $4M | Jun 2026 |
 Photoncycle | Series A | — | Mar 2026 |
 Berget AI | Unknown | $2.4M | Feb 2026 |
| Fika Jobs | Pre-Seed | $4M | Jan 2026 |
 Opper | Pre-Seed | — | Jul 2025 |
 Motorica | Seed | — | Jan 2025 |
 FirstQFM | Pre-Seed | — | Jan 2025 |
 Corsmed | Seed | — | Dec 2024 |
 Deckmatch | Seed | — | Nov 2024 |
| YYazen Health | Series A | — | Nov 2024 |
 Yazen | Series A | — | Nov 2024 |
 Greenely | Series A | — | Jul 2024 |
 Lightbringer | Series A | $10M | Jan 2024 |
 Normative | Series A | $10M | Jan 2024 |
 Insurely | Growth | — | Dec 2023 |
 CodeScene | Unknown | — | Aug 2023 |
 Aviant | Seed | $2.3M | Nov 2022 |
 Carla | Unknown | — | Jun 2022 |
| Aviant | Seed | — | Jan 2022 |
| Insurely | Series A | — | Jan 2022 |
 Heja | Seed | $4.2M | Jun 2021 |
 Omocom | Seed | — | May 2020 |
 Mindler | Series A | $8.8M | Apr 2020 |
| Normative | Seed | $2.1M | Sep 2019 |
 Albacross | Series A | — | Jan 2019 |
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Top Co-Investors
Luminar30 shared
Alliance VC5 shared
byFounders4 shared
Aggregate Media4 shared
private angel investors3 shared
Ventech3 shared
NordicNinja VC3 shared
Max Ventures3 shared
Bonnier Capital3 shared
Almi Invest3 shared
Helsana HealthInvest3 shared
Evli Growth Partners3 shared
Yabeo3 shared
Almaz Capital3 shared
ETF Partners2 shared
Horizons Ventures2 shared
Lowercarbon Capital2 shared
ING Ventures2 shared
Lugard Road Capital2 shared
CNI2 shared
Last updated: 20 October 2026