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Top 10 Infrastructure VC Funds & Investors in Sweden (May 2026)

The most active venture capital funds investing in Sweden Infrastructure startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Sweden Infrastructure startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
FINCA Ventures
VC Fund
2 Kenya, Mexico, Sweden Seed, Series A, Pre-Seed Financial Services, Education, Agriculture $1.1M–$4.2M
Norrsken VC
VC Fund
2 Sweden, United Kingdom, Germany Seed, Series A Software, Food and Beverage, Health Care $599k–$21M
BlueYard Capital
VC Fund
1 United States, Germany, France Seed, Series A Software, Cryptocurrency, Internet $1.1M–$42M
Mercy Corps Ventures
VC Fund
1 United States, Kenya, Nigeria Seed, Pre-Seed, Series A Financial Services, FinTech, AgTech $600k–$12M
Novastar Ventures
VC Fund
1 Kenya, Nigeria, United States Series A, Series B Agriculture, Internet, Clean Energy $660k–$50M
Walking Ventures
VC Fund
1 United Kingdom, United States, Sweden Seed, Series A, Angel Software, Health Care, Internet $12k–$13M
True Global Ventures (TGV)
VC Fund
1 United States, Sweden, France Seed, Series B, Series A Blockchain, Software, Enterprise Software $300k–$93M
Confidus Venture Capital
VC Fund
1 Sweden, United Kingdom Seed, Series A SaaS, Payments, Blockchain
The Index Project
VC Fund
1 United States, Denmark, Chile Seed, Series A, Series B Artificial Intelligence, Chemical, SaaS $1.1M–$3M
Hack VC
VC Fund
1 United States, Singapore, Israel Seed, Series A, Pre-Seed Software, Cryptocurrency, Blockchain $850k–$30M
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Investor list

FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Sweden Infrastructure startups

FINCA Ventures is an impact investing initiative of FINCA International that provides patient capital and support to early-stage social enterprises.

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Investment focus

  • Industry: Financial Services, Education, Agriculture
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, Mexico, Sweden

Investor stats

  • Total investments: 15
  • Round size: Seed $1.1M–$4M; Series A $1.1M–$4.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kwara — Kwara turns analog credit unions into modern digital banks.
  • FloatPays — Floatpays help your employees achieve financial wellbeing by giving them early access to earned wages.
  • Bamba — We help large companies that want to help their affinity users to solve unforeseen events fast, by minimizing costs, through a smart digital agent embedded in any company’s interface
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Sweden Infrastructure startups, 15 in the past 12 months

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

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Investment focus

  • Industry: Software, Food and Beverage, Health Care
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 65
  • Round size: Seed $599k–$7.6M; Series A $1.1M–$21M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LanguifyAI — Languify is an AI based language learning assistant which analyses, corrects, and tracks a user's spoken and written English across all platforms. The AI assistant prompts feedback and nudges that improve conversations in real-time that enable improvisation on the spot without any delay. It also enables users to learn at their own pace throughpersonalized learning plans and games designed to minimize repetition of errors.
  • Granular Energy — Granular Energy provides solutions for managing and trading clean energy. Our tools have been developed to support the recent emergence of 24/7 time-stamped energy certificates as well as traditional "annual" certificates.
  • Material Evolution — Material Evolution uses patented geopolymer technology and proprietary algorithms to create the most sustainable materials on the planet.Material Evolution’s first product is a cement mix made from 95% waste using its algorithm technology. Its smart concrete mix is 10X stronger, 5X more durable, and reduces carbon consumption by 85%. Mostimportantly, it’s economically viable for construction companies.
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BlueYard Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Sweden Infrastructure startups, 14 in the past 12 months

BlueYard backs founders building the interconnected elements that can become the fabric of our future.

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Investment focus

  • Industry: Software, Cryptocurrency, Internet
  • Stage:Seed, Series A
  • Geography: United States, Germany, France

Investor stats

  • Total investments: 68
  • Round size: Seed $1.1M–$8.3M; Series A $9.5M–$42M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Chemify — The aim of Chemify is to digitize chemistry and produce solutions to run chemical code for drug discovery, chemical synthesis, and materials discovery.
  • Meatable — Meatable is a food production company that produces real and guilt-free meat. With one cell, they are revolutionizing the meat industry's impact on climate change and animal welfare. At the same time they increase food security, without compromising the culinary experience of eating tasty, real meat. They aim to satisfy the world'sappetite for meat without harming people, animals, and the planet.It was founded in 2018 and is headquartered in Delft, South Holland, The Netherlands.
  • Castelion — We are a modern defense production company building the next generation of military hypersonic, vehicle, and strike systems to deter future wars.
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Mercy Corps Ventures
VC Fund · Portland, Oregon, United States · 1 investments in Sweden Infrastructure startups

Our impact investing arm, Mercy Corps Ventures (MCV), invests in and fuels high-impact enterprises that increase the resilience of people and communities in frontier markets.

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Investment focus

  • Industry: Financial Services, FinTech, AgTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Kenya, Nigeria

Investor stats

  • Total investments: 26
  • Round size: Seed $1.2M–$5.3M; Pre-Seed $600k–$1.1M; Series A $2.5M–$12M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Kofa — Kofa is an automotive company that utilizes the latest electric battery and motor technology. The company aims to develop an affordable, sustainable and customer driven electric network in transformative energy, transport, and climate change around the globe. Kofa was founded in Ghana and is headquartered in Accra.
  • Pivo — Pivo is an all-in-one financial services platform for businesses in the supply chain. Set up accounts, access credit and manage your finances in one simple application.
  • Open Forest Protocol — With Open Forest Protocol (OFP), measure, report, verify and fund forestation projects with digital transparency
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Novastar Ventures
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Sweden Infrastructure startups

For the many, not just the few. For good.

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Investment focus

  • Industry: Agriculture, Internet, Clean Energy
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 48
  • Round size: Series A $1M–$9.9M; Series B $660k–$50M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $108M in 2020

Portfolio highlights

  • BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
  • Turaco — Turaco develops simplified insurance and credit solutions through mobile technology to solve the healthcare financing needs. Turaco has simplified insurance products and also provides on-demand health loans, allowing customers to get healthcare at affordable monthly premiums.
  • MoKo Home + Living — MoKo Home is Kenya's one-stop furniture company specializing in comfort & smiles, having served over 10000 smiley homes to date. Will yours be next?
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Walking Ventures
VC Fund · London, England, United Kingdom · 1 investments in Sweden Infrastructure startups

Walking Ventures is a seed fund which invests in early-stage Internet and other technology startups based in Europe. The fund is a private vehicle controlled by Tim Jackson, a leading figure in the European technology scene as a venture capitalist, entrepreneur, angel investor, commentator and technology journalist.

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Investment focus

  • Industry: Software, Health Care, Internet
  • Stage:Seed, Series A, Angel
  • Geography: United Kingdom, United States, Sweden

Investor stats

  • Total investments: 27
  • Round size: Seed $12k–$2.5M; Series A $1.2M–$13M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Oviva — Oviva is digitizing the treatment of type 2 diabetes and obesity through a unique behavior change platform.They have developed unique, personalised behaviour change programmes that combine smartphone app and learning portals to support dietitian-led behaviour change for conditions such as type 2 diabetes and complex obesity. Their approach allowspatients to achieve a better health outcome without having to attend clinic appointments, whilst saving health systems significant sums by preventing the development of complications related to these health conditions.Oviva was founded in 2013 and is based in London, England.
  • Tessian — Tessian enterprise email security protects employees from themselves. DLP and spear phishing protection. Automatically detect email threats.
  • Attractions.io — Smart technology to deliver a better guest experience, increase secondary spend and understand visitor behaviour like never before.
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True Global Ventures (TGV)
VC Fund · Singapore, Central Region, Singapore · 1 investments in Sweden Infrastructure startups

True Global Ventures is a unique, international, early-stage vehicle formed by the world's leading technology entrepreneurs-turned-angel-investors. True Global Ventures leverages the personal networks and expertise of its founders to support the next generation of superstar entrepreneurs.Founded by Dušan Stojanović, awarded BusinessAngel of the Year in Europe in 2013 and nominated as one of the top four angels in 2009 by the European Business Angel Network, the True Global Ventures team includes entrepreneur-angels from mainly Stockholm, Paris, Berlin, Beijing, Shanghai, Hong Kong, Silicon Valley and New York. With every partner having deep startup operating experience and successful exits as entrepreneurs, as well as the investment expertise that comes from having completed prior to True Global Ventures a combined total of over 350 angel investments, True Global Ventures gives new meaning to the term 'smart money'.They do invest money but on top of the money they are specialised in 5 areas: 1. Bringing in Customers and Partners 2. Internationalise the company 3. Help refinance the company with introductions of traditional VC, Loans and Private Equity Firms 4. Help acquiring companies as well as exiting the company 5. Recruiting in general and especially of engineers.True Global Ventures typically invests from USD 100 000 to USD 600 000 into very early stage companies lead exclusively by serial entrepreneurs, and then provides them with hands-on assistance and access to the extensive personal networks of the True Global Ventures partners. The investment vehicule is focused on highly scalable Internet, software and mobile applications, with companies that are headquartered in Silicon Valley, New York, Berlin, Paris, Stockholm, Beijing, Shanghai and Hong Kong, and who can make optimal use of the international perspective that True Global Ventures brings to the table. True Global Ventures does not invest in Hardware, Cleantech and Medtech.

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Investment focus

  • Industry: Blockchain, Software, Enterprise Software
  • Stage:Seed, Series B, Series A
  • Geography: United States, Sweden, France

Investor stats

  • Total investments: 29
  • Round size: Seed $300k–$3.2M; Series A $1.5M–$3M; Series B $8.3M–$93M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • Pinktada — Buy a trip using Pinktada marketplace and enjoy travel flawlessly.
  • By Rotation — Rent over 25000+ designer fashion items online from our free app. Discover luxury designer dresses, clothing, bags and accessories from your trending favorite brands.
  • Animoca Brands — Animoca Brands is a metaverse and gaming venture capital firm that focuses on driving digital property rights to gamers and internet users through NFTs. It utilizes gamification and blockchain to develop and market a portfolio of mobile applications, games, and additional products oriented to educational learning to ensure transparency, security,and new business models.
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Confidus Venture Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Sweden Infrastructure startups

Confidus Venture Capital is a Venture Fund designed to outperform. We invest in future winners in digital transformation and automation.Setting the record straight – the quality of an idea and the human capital behind it is far more important than factors such as investment stage, size or profits. We know it from experience working closely withambitious and bold entrepreneurs. Entrepreneurs with the power to change the world! Together we have built disruptive global tech companies challenging industry norms. Delivering outstanding results. Our incentive is only upon success: Our belief in sustainable value creation is so strong we have eliminated management fees!

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Investment focus

  • Industry: SaaS, Payments, Blockchain
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom

Investor stats

  • Total investments: 3
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Phyron — Phyron is a Swedish SaaS company delivering an AI-video solution for automated large-scale generation of AI videos through a cutting edge technology platform. Phyron’s solution automatically identifies the unique selling points of each car, new or used. And transforms images, brand videos, text, data, web links and so forth into an attractivevideo. A video that can be used to promote sales on website/VDP:s and social media as well as in your showroom and other sales presentations.The process is 100% automated, and the capacity unlimited.
  • evoluteIQ — Foster the best-in-class enterprise workflow automation at scale with EvoluteIQ's end-to-end hyperautomation enablement platform
  • Centiglobe — Centiglobe ​is a decentralized and permissionless cross-border payment system. Value can be transacted and transferred globally, at near-instant speed, using a blockchain-based decentralized exchange. The system lets custodians issue blockchain assets that represent a promissory value, and any user can realize this value at any time using theblockchain protocol. This feature gives users the freedom to access a multi-directional foreign exchange market without any delays. Centiglobe's primary purpose is to facilitate a vibrant global economy that is more transparent, open, and collaborative than the centralized legacy systems of today. With Centiglobe’s new parallelized consensus algorithm, thousands of transactions can be settled each second, while at the same time significantly reducing the environmental footprint commonly associated with blockchain technology.
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The Index Project
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Sweden Infrastructure startups

Design to improve life is about solving real problems, small and large, simple and complex, systemic and emerging and is a life-long pursuit. The Index Project is a call to action. Are you in?

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Investment focus

  • Industry: Artificial Intelligence, Chemical, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United States, Denmark, Chile

Investor stats

  • Total investments: 9
  • Round size: Seed $1.5M–$2M; Series A $1.1M–$3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Agribuddy — CONNECTING THE NEXT BILLION.
  • CanopyLAB — The Future of Learning. Delivered Today.
  • Destácame — Destacame is the first behavior-based credit score in Latin America.
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Hack VC
VC Fund · San Francisco, California, United States · 1 investments in Sweden Infrastructure startups, 22 in the past 12 months

Hack VC is an early-stage venture capital firm that invests in the cryptocurrency, fintech, and marketplaces sectors. The company was founded in 2017 and is headquartered in San Francisco, California, United States.

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Investment focus

  • Industry: Software, Cryptocurrency, Blockchain
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Singapore, Israel

Investor stats

  • Total investments: 141
  • Round size: Seed $2M–$10M; Pre-Seed $850k–$2.7M; Series A $5M–$30M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $200M in 2022

Portfolio highlights

  • GRVT — Trade on the next-gen hybrid derivatives exchange 100% self-custody. 0% counterparty risk. Traditional finance meets the power of blockchain.
  • Fhenix — End-to-End Encrypted Web3 Fhenix is the first blockchain powered by fully homomorphic encryption to bring Computation Over Encrypted Data to EVM smart contracts Join us Learn more A new, encrypted web is waiting for you Truly functional markets require end-to-end encryption. Fhenix rises to the challenge by unlocking unprecedented encryption capabilities in the public blockchain
  • Florida Street — PIXEL GG INC.
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Infrastructure VC funding in Sweden at a glance

Stats across 9 deals from 13 investors.

13
investors
in Sweden Infrastructure startups
9
deals
in Sweden Infrastructure startups
$4.2M
median round
in Sweden Infrastructure startups
31%
lead investors
lead at least one round
22%
Series A
most common funding stage

Access all 13 VC funds in Sweden Infrastructure startups.

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