# Top 50 Health Care VC (Venture Capital) Funds in Sweden in May 2026

## Almi Invest
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 32
- Stages: Seed, Pre-Seed
- Focus: Software, Health Care, Information Technology

ALMI Invest is a venture capital company which invests in Swedish companies with exciting, scalable business models and motivated entrepreneurs. ALMI Invest consists of eight regionally based venture capital funds, all with local offices and experienced local investment managers. We manage a total of SEK 1 billion.
Unlike most venture capitalists,we can invest in a wide range of businesses. A strong team of entrepreneurs, a scalable business model and an initial revenue stream are more important than the line of business when we invest.Our first, initial investment would typically be SEK 2-4 million. During the lifetime of an investment, sums of up to SEK 10 million can be ventured. We always syndicate with an investment partner (another venture capitalist or angel investor) from Sweden or otherwise which means that we can take a maximum of 50 percent of an investment round.ALMI Invest was founded in 2009 by ALMI Fretagspartner together with regional investors. Half of our capital comes from European Union structural funds, which accounts for an investment of SEK 500 million. The other 50 per cent comes from regional investors and ALMI Fretagspartner.

## Sciety
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 24
- Stages: Seed, Series A
- Focus: Health Care, Biotechnology, Pharmaceutical

Whether you are an investor seeking impactful returns or an entrepreneur looking to take your business to the next level, Sciety is your go-to partner. Join Sciety Venture Partners to invest in the most promising life science companies in the Nordics or get in touch to learn how we can help to turn your life science or health tech innovation into a thriving business.

## Chalmers Ventures AB
- Type: VC Fund
- Location: Göteborg, Vastra Gotaland, Sweden
- Relevant deals: 20
- Stages: Pre-Seed, Seed
- Focus: Software, Energy, Health Care

We are a leading tech investor & venture builder in the Nordics. Taking deep tech from lab to market.WELCOMEINVESTMENTS

## Industrifonden
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 13
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Information Technology

Industrifonden is a Nordic evergreen venture capital firm with a fund size of $600m, that focuses on early-stage technology and life science companies with international potential. The company works long term with the entrepreneurs we invest in, and have a strong track record of building game changing companies. Industrifonden-backed companiesinclude tech companies Qlik, Arcam, Soundtrack Your Brand, Fishbrain, and life science companies CellaVision, Oncopeptides and AMRA.

## Add Health Media
- Type: VC Fund
- Location: Kista, Stockholms Lan, Sweden
- Relevant deals: 8
- Stages: Seed
- Focus: Health Care, Medical, Apps

Add Health Media is a company that specializes in creating marketing materials for health companies.

## SEB Venture Capital
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 7
- Stages: Series A, Series B
- Focus: Software, Information Technology, Financial Services

SEB Venture Capital is a Fintech investor that helps entrepreneurs and innovators launch and grow profitable businesses. They primarily serve as a strategic corporate venture focused on Fintech investments, with the option of partnering with SEB. They are also on the hunt for game-changing inventive solutions to new technologies that will make thefinancial industry smarter, safer, and more environmentally responsible, as well as more user-friendly. They also function as an evergreen fund, giving them the flexibility and staying strength to focus on long-term wealth development depending on what is best for the firm and its shareholders.

## Bonit Capital
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Health Care, Medical, Apps

Bonit Capital is a Swedish family-owned investment company. We invest across sectors and asset classes, including social investments and outcome models.Venture Capital - We invest in ambitious founders within the life science sector. We take an active ownership approach by providing capital, industry expertise and access to an internationalnetwork. Our focus areas are digital health, medical technology and diagnostics.Private Equity - We invest in entrepreneurial teams with deep sector expertise and unique market access, primarily in the lower to mid-market buyout segment, with the aim to produce superior returns and meaningful portfolio diversification.Listed Equity - Our strategy is to obtain a broad market exposure through mainly external mandates, and to seek superior returns in individual shares primarily in life science. Among Bonit's main holdings are the world-leading medtech company Elekta AB, founded by Laurent Leksell.Leksell Social Ventures - LSV is the first impact investor in Sweden with a focus on outcome models and direct investments in the areas of mental health, education and social integration. Striving for systemic change, LSV contributes to social innovation and societal development by giving social entrepreneurs and social ideas the necessary prerequisites to develop and progress – through financing, idea development and networking with private, public and nonprofit actors.

## Luminar Ventures
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Information Technology, Insurance

Luminar Ventures is a venture capital fund that prefers to make early-stage investments in technology companies. They engage with their portfolio companies and are actively helping with strategic, growth, team and organizational, and operational support, and together setting the foundation for future expansion.Luminar's core investment focusis on scalable digital seed-stage companies from the Nordics, founded by highly motivated and talented entrepreneurs with a vision to disrupt or transform major industries. The firm aims to provide experienced seed-stage financing and active operational support to Sweden based early-stage technology companies that are looking to disrupt or transform major industries with digital technologies and innovations.

## Karolinska
- Type: VC Fund
- Location: Solna, Stockholms Lan, Sweden
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Biotechnology, Health Care, Pharmaceutical

Karolinska Development aims to create value for patients, researchers, investors and society by developing innovations from world class science into products that can be sold or out-licensed with high returns. The business model is to: SELECT the most commercially attractive medical innovations; DEVELOP innovations to the stage where the greatestreturn on investment can be achieved; and COMMERCIALIZE the innovations through the sale of companies or out-licensing of products.Karolinska Development has developed a well-structured selection process to identify the most commercially attractive medical innovations screened by KIAB. Pharmaceutical development is a high-risk enterprise. In most cases, development projects fail because of side effects or insufficient efficacy. Successful selection of innovations is fundamental to Karolinska Development’s business model, which makes the inflow of new projects crucial. One key to success lies in selecting those innovations that can be developed from scientific findings to products and have significant commercial potential. To date, over 1,300 projects have been screened by KIAB.The portfolio companies are often founded together with the innovators and are initially operated as virtual companies with few or no employees. During the first six to twelve months, the companies normally have minimal fixed costs and technological development is outsourced.The innovator, who is often employed at an academic institution, normally participates as a board member and scientific advisor. The CEO of a portfolio company cooperates closely with a representative of Karolinska Development, who in most cases is also a board member of the company. The companies are capitalized to reach their next milestone, usually within a period of six to eighteen months. Development projects are continuously monitored, and those that do not meet their stipulated targets are discontinued. In the first three to four years, a portfolio company’s operating expenses are often limited to a few million Swedish kronor per year, which cover the cost of external studies and the salary of the staff. In subsequent years, Karolinska Development and other investors play an important role recruiting key expertise to the companiesKarolinska Development intends to realize value by exiting portfolio companies or through out-licensing of projects. Such transactions (especially out-licensing) are often structured as single upfront payments followed by payments based on predetermined milestones and royalties on sales. Although Karolinska Development has a flexible exit strategy, pharmaceutical products are, for two reasons, preferably exited at Phase II. First a successful Phase II study indicates that the pharmaceutical has an effect on patients, which is an important value-enhancing factor when negotiating out-licensing or sales. Secondly, finalizing product development and undertaking Phase III clinical trials frequently requires very large patient populations. In many cases this requires much greater resources than those available at Karolinska Development but these can be found in established pharmaceutical companies. Several licensing deals were closed in 2011 involving projects with a similar focus and development phase to Karolinska Development's projects.

## Norrsken VC
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Software, Food and Beverage, Health Care

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

## Navigare Ventures
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Biotechnology, Energy, Health Care

Welcome to Navigare Ventures. We invest in transformational early-stage companies at the frontier of science and technology.

## HealthCap
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 5
- Stages: Series B, Series A
- Focus: Biotechnology, Health Care, Medical

HealthCap, a life science investor and company creator. Our motivation is to find innovative ideas and invest that could impact healthcare and society.

## Crowberry Capital
- Type: VC Fund
- Location: Reykjavík, Gullbringusysla, Iceland
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Gaming, Information Technology

Crowberry Capital invests at seed and early stage in emerging technology ventures in the Nordics. Our mission is to back people that are good for companies and build companies that are good for people. We have a strong follow-through philosophy and commit to putting your company first.

## Bonnier Ventures
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Health Care, Digital Media, Software

Bonnier Capital is the investment division of the Bonnier Group. Since 2016, we invest in promising companies in structurally growing industries and have become a reliant investment partner to companies and funds of various sizes.

## Inventure
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

## Heartcore Capital
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 4
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Artificial Intelligence

Heartcore Capital is an early-stage venture capital firm devoted to backing founders building category-defining consumer internet brands.Founded as Sunstone Capital in 2007, Heartcore has raised over $500 million in committed capital across four fund generations. The firm has offices in Copenhagen, Berlin, and Paris but invests across Europe andoccasionally in the United States. Heartcore has backed more than 70 exceptional founding teams.

## GU Ventures
- Type: VC Fund
- Location: Gothenburg, Vastra Gotaland, Sweden
- Relevant deals: 3
- Stages: Seed
- Focus: Health Care, Pharmaceutical, Eyewear

GU Ventures build businesses out of groundbreaking ideas that help shape a better tomorrow. Our passionate team of company builders, financial experts, IP and legal talent ensure success for our companies.

## Khosla Ventures
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 3
- Stages: Series A, Series B, Seed
- Focus: Software, Health Care, Artificial Intelligence

Khosla Ventures invests in companies that are bold, early and impactful. The firm was started in 2004 by Vinod Khosla, co-founder of Sun Microsystems, to provide venture assistance to entrepreneurs. Headquartered in Menlo Park, Calif., Khosla Ventures invests in a range of areas including AI, climate, sustainability, enterprise, consumer, fintech,digital health, medtech and diagnostics, therapeutics and frontier technology.

## Sweet Studio
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 3
- Stages: Pre-Seed
- Focus: iOS, Mobile Apps, Artificial Intelligence

We co-found companies, dedicating our in-house team of designers, developers, and marketers to bring ideas to life.
With every venture we co-found, our mission is to advance the consumer experience across industries with world-class technology, data-informed design, and lots of heart. Are you an entrepreneur who shares our mission? 

## VNV Global
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: E-Commerce, Health Care, Marketplace

VNV Global is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The common shares of VNV Global are listed onNasdaq Stockholm, Mid Cap segment, with the ticker VNV.

## Novo Holdings
- Type: VC Fund
- Location: Hellerup, Hovedstaden, Denmark
- Relevant deals: 3
- Stages: Series A, Series B, Series C
- Focus: Biotechnology, Health Care, Medical

Novo Holdings is a world-leading life science investor with a focus on creating long-term value.

## Sting Capital
- Type: VC Fund
- Location: Kista, Stockholms Lan, Sweden
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Apps, Medical

Sting – Stockholm Innovation & Growth enables talented people to turn their ideas into sustainable businesses. The support they offer includes qualified coaching in business development, a business angel network, a venture capital fund, a recruitment service, and an international network of investors, business contacts and experts. Itcontribute to the success of Sweden’s future technology companies by helping them to grow and compete internationally.

## Hadean Ventures
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Biotechnology, Health Care, Pharmaceutical

Hadean Ventures is a life science fund manager that invests in life science companies across europe with a particular focus on the nordic region.
The funds are backed by leading private and institutional investors.
Hadean Ventures has offices in oslo and stockholm and collaborates with world-class academic institutions and start-up hubs across theregion

## Otiva
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Fashion, Lifestyle, Marketplace

Equity investment company doing Series A to late growth, private and public. Agile and long-term with no fixed holding period.

## Nina Capital
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Artificial Intelligence, Medical

We deploy early stage capital to fuel the growth of need-driven health technology companies.

## Project A Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, E-Commerce, Information Technology

Project A is an early-stage venture capital firm, combining financial and operational support for technology companies. In addition to $600 M in assets under management, Project A provides its portfolio companies with a wide range of operational support services. This includes more than 100 experts from key areas such as software engineering,business intelligence, marketing, and recruiting. The portfolio includes companies such as Trade Republic, sennder, KRY, Catawiki, WorldRemit, Spryker, and Voi.

## Spintop Ventures
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

Founded in 2009, Spintop Ventures is a venture capital firm backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors, family offices and some of the most experienced private investors in early stage growth companies.

## Sunstone Life Science Ventures
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Biotechnology, Health Care, Medical

Sunstone Life Science Ventures is an independent European venture capital investment firm. We enable and empower life science therapeutics innovations.

## DHS Venture Partners
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Software, Big Data, Mobile Apps

DHS Ventures, Stockholm School of Economics alumni angel investing network that invests early on into inovative companies.

## Forbion Capital Partners
- Type: VC Fund
- Location: Naarden, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Medical

Impacting the future of medicine.

## Noaber
- Type: VC Fund
- Location: Lunteren, Gelderland, The Netherlands
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Medical, Fitness

Noaber Ventures invests in initiatives that bring social transformations using information technology.

## Index Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Internet

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

## SmiLe Inject Capital
- Type: VC Fund
- Location: Lund, Skane Lan, Sweden
- Relevant deals: 2
- Stages: Angel, Seed
- Focus: Health Care, Organic Food, Food and Beverage

SmiLe Inject Capital operates as an angel investment company that focuses solely on promising early-stage life science companies.

## Butterfly Ventures
- Type: VC Fund
- Location: Oulu, Oulu, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, Information Technology

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

## Schibsted Growth
- Type: VC Fund
- Location: Oslo, Oslo, Norway
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Internet, Financial Services, E-Commerce

Investing in great digital companies!

## Leksell Social Ventures
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series B
- Focus: Health Care, Apps, Fitness

Leksell Social Ventures is the first professional impact investing company in Sweden. LSV seeks to evolve the practice of philanthropy through establishing social impact investing at an institutional scale in Sweden, building on inspiration from the UK and US. We are a non-profit, private investment company incorporated in Sweden. LSVfinances scalable, economically sustainable, well governed initiatives with evidence based and measurable social impact. LSV invests up to 1 mUSD through equity, loans, guarantees or grants. LSV is currently focusing on integration, mental ill health and tech for good initiatives Founded by life-science billionaire Laurent Leksell (Elekta AB) and Family LSV is run by CEO, Hugo Mörse and team.

## Segulah Medical Acceleration
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Series A, Series D
- Focus: Health Care, Biotechnology, Medical Device

Segulah Medical Acceleration is a Scandinavia-based investment company focusing on innovative medical technology companies in Europe.

## Creandum
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, Mobile

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

## 3T Invest
- Type: VC Fund
- Location: Saltsjö-duvnäs, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Medical, Health Care, Lifestyle

3T Invest started an interesting and fulfilling journey back in 2009. From the beginning they focused on the establishment of sustainable Venture Capital, supporting innovation and entrepreneurship. they are always committed to backing outstanding entrepreneurs with the necessary resources.

## BackingMinds
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Internet, Health Care, Medical Device

We help great minds unleash their full potential!

## Angelgate
- Type: VC Fund
- Location: Saint Gallen, Sankt Gallen, Switzerland
- Relevant deals: 2
- Stages: Pre-Seed, Series A
- Focus: B2B, Pharmaceutical

ANGELGATE is Club of Business Angels from Germany, Austria and Switzerland. It selects, structures and negotiates investment possibilities for and also with its members.

## Norrlandsfonden
- Type: VC Fund
- Location: Luleå, Norrbottens Lan, Sweden
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Information Technology, Software, Pharmaceutical

Norrlandsfonden, a trust fund, develops companies across all industries from production industry and tourism to IT and biotechnology.

## Red Dawn Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Software, Health Care

Red Dawn Ventures

## Joyance Partners
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Health Care, Biotechnology, Wellness

Joyance Partners is the first venture fund supporting companies that deliver Delightful Moments derived from science - a new, transformative cycle of human experience that we see as one of the greatest investment opportunities in decades.

## Allanova
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Pre-Seed, Series A
- Focus: B2B, Apps, Pharmaceutical

Allanova is an independent, family-controlled investment group.

## EPTI
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Pre-Seed, Series A
- Focus: B2B, Apps, Pharmaceutical

Whether classic software development, smart marketing and sales solutions or financing of your start-up. We have what you need for your success and growth.

## Long Journey Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, FinTech

Join the journey with Lee Jacobs, Cyan Banister, Brian Balfour, Jonathan Bruck, Pascal Levy-Garboua, Elaine Wherry

## Schueler Group
- Type: VC Fund
- Location: Lebanon, Ohio, United States
- Relevant deals: 1
- Stages: Series A
- Focus: B2B, Pharmaceutical

Schueler Group provides services in the areas of real estate, construction, development, and property management. The company manages aspects of commercial real estate transactions. Its core competency includes buying and selling optimum properties that include commercial, industrial, office/industrial parks, retail properties, and vacant landfor development. It aims to provide clients with reliable, efficient, and customized building solutions, safely, on time, and on budget.Founded in 1935, Schueler Group is headquartered in Lebanon, Ohio.

## KTH Holding
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Biotechnology

KTH Holding is a state-owned limited company managed by KTH's University Board. It invests in promising startup companies that are based on research or teaching at KTH, with the aim of supporting commercialization and making it easier for new science to benefit society.

## Scale Capital
- Type: VC Fund
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Health Care, Apps

Scale Capital is an early stage venture fund investing in digitization, disruptive technologies and services within B2B. Scale Capital primarily invests in companies in the Nordic region with the potential and ambition to win in the US market. We are entrepreneurs, founders and investors, passionate about turning ideas and brilliant minded peopleinto successes.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co