Industrifonden

Quick read

Industrifonden is a Swedish evergreen venture capital fund, founded in 1979 and headquartered in Stockholm. With ~$600M in assets, it backs early-stage companies from seed to Series A across Deep Tech, Life Science, and Transformative Tech — primarily in Sweden and the broader Nordics. Its evergreen structure means it invests across market cycles without a fixed fund horizon, and it has backed 400+ companies with 19 IPOs and 29 acquisitions to date.

Key facts

Founded

1979

Employees

16

Sectors

healthcare, climate, enterprise, biotech, ai, hardware

Website

industrifonden.com

Investment thesis

Industrifonden backs early-stage Swedish and Nordic companies from seed to Series A in three focus areas — Deep Tech, Life Science, and Transformative Tech — writing first cheques of SEK 10–50M and following on through the company lifecycle. The fund targets science-driven, scalable innovations with the potential to improve society, operating as an evergreen vehicle with no forced exit timelines.

Recent activity

• Feb 2026investment
  Participated in Vesiro's €1.6M seed round — the Swedish startup builds an Elasticsearch plugin to cut server costs and energy use. tracxn.com
• Jan 2026investment
  Co-led Melt&Marble's $8.6M Series A alongside Beiersdorf and Valio, backing the Gothenburg fermentation-derived fats startup toward commercial launch in personal care. tracxn.com
• Dec 2025investment
  Participated in SaltX Technology's rights issue outcome and over-allotment option exercise — SaltX operates the world's first electrified CO2-neutral lime manufacturing plant. tracxn.com
• 2025investment
  Led a SEK 33M round into Zymego, a Swedish healthcare scheduling platform now expanding into the UK NHS market. linkedin.com
• Sep 2024investment
  Led Cellevate AB's second seed round of SEK 39M (3.2M EUR), in syndication with the EIC Fund and Onsight Ventures, for the biotech's nanofiber-based cell culture technology. zoominfo.com
• May 2024investment
  Served as Nordic lead investor in ZeroPoint Technologies' EUR 5.0M Series A, alongside European Deep Tech fund Matterwave Ventures. zoominfo.com
• 2024press
  Hosted its first-ever Industrifonden Venture Summit in Stockholm, bringing together entrepreneurs and VCs across Deep Tech, Life Science, and Transformative Tech. linkedin.com

Notable investments

• VesiroSeedFeb 2026tracxn.com
• Melt&MarbleSeries AJan 2026tracxn.com
• ZymegoGrowth2025linkedin.com
• Cellevate ABSeedSep 2024zoominfo.com
• ZeroPoint TechnologiesSeries AMay 2024zoominfo.com
• AO PharmaSeed2023linkedin.com
• TexrayGrowth2023linkedin.com
• ReteinSeed2023linkedin.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Anna Ljungdahl · Senior Investment Director
  LinkedIn
• Patrik Sobocki · Senior Investment Director
  LinkedIn
• Tobias Elmquist · Senior Investment Director
  LinkedIn
• Jakob Regberg · Investment Director (Life Science)
  LinkedIn
• Stefan Larsson · Senior Advisor, Healthcare & Life Sciences
  LinkedIn
• Matti Zemack · Investment Director (Deep Tech)
  LinkedIn
• Linda Krondahl · CEO
• Jenny Solberg · Investment Partner, Life Sciences
• Daniel Carlsson · Partner

Sources

• Industrifonden – Sweden's Venture Capital Fund
• Industrifonden - Crunchbase Company Profile & Funding
• Industrifonden - 2026 Investor Profile, Portfolio & Team - Tracxn
• Industrifonden | LinkedIn
• Industrifonden - Overview, News & Similar companies | ZoomInfo
• Industrifonden | Investor Profile, Funding Criteria & Team

Other VCs in Sweden

• Creandum · Early-stage VC, Stockholm·
• Northzone · Multi-stage VC, Stockholm + London·
• EQT Ventures · Multi-stage VC, Stockholm·
• Luminar Ventures · Seed VC, Stockholm·
• Schibsted Ventures · CVC, Stockholm

Explore VCs by sector

• Enterprise software in Sweden
• Healthcare in Sweden
• Climate tech in Sweden

Globally

• Enterprise software worldwide
• Healthcare worldwide
• Climate tech worldwide

Frequently asked