Investors in Ai
Nicoya
VC FirmNicoya is a business-accelerating investment company deeply committed to food tech, driven by a relentless pursuit of meaningful impact for people, planet, and health. Their ambition is to establish themselves as the leading investor and acceleration partner for mission-driven food tech companies across the Nordics and beyond. Nicoya invests with a long-term perspective, aiming to foster sustainable impact in the realms of people, planet, and health.
Flat Capital
VC FirmTheir commitments to founders are straightforward and supportive: They pledge to provide backing and support, allowing entrepreneurs the autonomy to manage their businesses. They emphasize their role as genuinely long-term investors, with no obligations to demand returns within specific timeframes. They stand ready to offer assistance whenever founders seek their guidance or support. Moreover, they acknowledge that mistakes are a natural part of business growth but stress the importance of learning from them for continuous improvement.
Insignius Capital
VC FirmFounded in 2017, Insignius Capital is one of the most active venture funds in Web3. Their mission is to accelerate the development of a new financial system around the world by supporting key entrepreneurs and projects in the Web3 ecosystem.
LU Innovation
VC FirmLU Innovation offers diverse funding opportunities tailored to support research-based innovation projects. They provide grants such as Verification for Collaboration (VFS) and Verification for Growth (VFT), aimed at fostering collaborations and validating business concepts. Additionally, they offer accelerator investments to expedite market entry for promising ventures. Students can benefit from test support grants and Leapfrogs scholarships to explore and develop business ideas. LU Innovation also facilitates equity capital investments through LU Holding, focusing on scalable ventures with strong growth potential and capable teams. Their initiatives aim to nurture innovation and facilitate impactful collaborations between academia, public organizations, non-profits, and businesses.
Mudcake
VC FirmMudcake is a microfund managed by former founders committed to improving the world for future generations. They specialize in investing in exceptional founders who are revolutionizing food production, distribution, and consumption. Typically, they invest between $200k and $800k in pre-seed and seed rounds worldwide.
Nordic Makers
VC FirmThey aim to establish a novel investor approach akin to angel investing, characterized by founder-friendly terms and streamlined communication. They prioritize quick, direct conversations over bureaucratic reporting, positioning themselves as peers rather than authoritative figures. Their preference is to lead seed rounds ranging from above $500k to below $2m, with the goal of guiding startups towards Series A funding. They look for teams with strong foundations and a promising product, backed by initial traction metrics. While monetization isn't a prerequisite, they seek startups capable of discussing a path towards achieving $100m in annual revenue.
Re:food
VC FirmRe:food is a transatlantic growth equity firm that partners with companies advancing sustainability across the agri-food industry in North America and Europe.
Spintop Ventures
VC FirmSpintop Ventures is an early-stage venture capital firm specializing in technology investments, particularly in software-based companies from the Nordics. Since 2010, they have successfully invested in companies like Small Giant Games, MariaDB Corporation, and Crosser Technologies, several of which have been acquired by major global technology leaders. Their focus is on fostering these companies to become industry leaders and promoting long-term sustainability in society.
BackingMinds
VC Firm€50m Nordic pre-seed/seed fund, backing great underinvested entrepreneurs (€500K-€3m tickets). They champion an innovative approach to business, focusing on overlooked opportunities and backing high-performing founders beyond traditional venture capital networks. Their commitment to backing extends beyond financial support, emphasizing proactive engagement and collaborative partnerships with founders, characterized by genuine care and dedication.
SEB Venture Capital
VC FirmSEB Venture Capital, a leading Fintech investor in the Nordics since 1995, aims to create sustainable, long-term value through strategic investments in innovative companies. They prioritize strong management teams and seek transformative technologies that enhance the financial industry's intelligence, safety, sustainability, and user experience. Their partnerships offer access to extensive international networks, specialized expertise, and robust financial resources within SEB.
J12
VC FirmThey support entrepreneurs who are developing solutions for the AI era, focusing on founders creating technically sophisticated data and AI tools, as well as AI-native applications. Above all, they prioritize founders who demonstrate exceptional creativity, insatiable curiosity, and unwavering determination to succeed.
Luminar Ventures
VC FirmLuminar is the most active pre-seed and seed-stage VC fund in Sweden. Their focus now extends globally as they seek out future-forward technologies and business models, supporting top-tier founders primarily in the Nordic region.

