AI Venture Capital Firms in the Nordics

Alliance VC

Nordic early-stage VC backing tech founders with global ambitions across Norway, Sweden, Finland, and Denmark. Invests from pre-seed through Series B.

Oslo (Norway) (+3)

Pre-Seed Seed Series A

Andøya Ventures

Norwegian VC firm investing in seed and early-growth tech startups across the Nordics, focused on AI, healthcare, and software.

Oslo (Norway)

Pre-Seed Seed Series A

Antler

Early-stage VC backing founders from day zero to greatness

Singapore (+24)

Pre-Seed Seed Series A

Aramco Ventures

Global corporate VC investing in energy tech

Dhahran (Saudi Arabia) (+9)

Series A Series B Series C

ArcTern Ventures

Climate-focused VC investing since 2012 in clean energy, mobility, food systems, and circular economy startups. Founder-led, hands-on partners.

Toronto (Canada) (+2)

Seed Series A Series B

Atomico

Founder-built European VC partnering with ambitious entrepreneurs

London (United Kingdom) (+3)

Series A Series B Series C

Bullhound Capital

Investment arm of GP Bullhound backing late-stage software leaders

London (United Kingdom) (+8)

Series B Series C

Chalmers Ventures

Swedish venture firm supporting deep tech startups from academia

Gothenburg (Sweden)

Pre-Seed Seed Series A

Creandum

Early-stage European VC backing category-defining tech companies

Stockholm (Sweden) (+3)

Seed Series A Series B

DNV Ventures

Corporate VC investing in energy and maritime tech

Oslo (Norway)

Seed Series A Series B

EQT Ventures

Multi-stage VC partnering with generation-defining founders

Stockholm (Sweden) (+5)

Pre-Seed Seed Series A

Expansion VC

European pre-seed to Series B fund investing in Aerospace and Defence: satellite systems, space data, autonomous systems, and AI for defence.

Paris (France) (+2)

Pre-Seed Seed Series A

Failup Ventures

Early-stage fund backing bold founders across the Nordics and US

Helsinki (Finland) (+1)

Pre-Seed Seed

FinestLove VC

Helsinki-Tallinn corridor pre-seed and seed fund by Peter Vesterbacka and Kustaa Valtonen, backing student and early-stage founders across the Finest Bay Area ecosystem.

Helsinki (Finland) (+1)

Pre-Seed Seed

First Fellow Partners

Helsinki-based private investment firm deploying only own capital to back bold, mission-driven technology founders from seed through growth stage.

Helsinki (Finland)

Seed Series A Series B

Flat Capital

We invest in passionate founders with long-term trust and transparency

Stockholm (Sweden)

Series B Series C Series D

Gungnir Capital

Europe-focused defence technology VC backing pre-seed to Series A startups in defence, security, autonomy, drones, AI, and edge computing.

Stockholm (Sweden)

Pre-Seed Seed Series A

Heartcore Capital

Premier European early-stage VC founded in 2007, backing founders from inception to Series A across consumer tech, AI, fintech, deeptech, and web3, with 100+ companies and 5 unicorns.

Copenhagen (Denmark) (+3)

Pre-Seed Seed Series A

Inception Fund

Stockholm-based venture capital firm focused on backing technically ambitious founders

Stockholm (Sweden)

Pre-Seed Seed

Inventure

Venture capital firm backing early-stage Nordic & Baltic founders

Helsinki (Finland) (+2)

Seed Series A

J12 Ventures

Thesis-driven early-stage VC backing technical founders across Europe building AI infrastructure, data tooling, and domain-specific AI applications.

Stockholm (Sweden) (+2)

Pre-Seed Seed

Kinnevik

Growth-focused investment firm backing tech-enabled challenger businesses

Stockholm (Sweden) (+1)

Series B Series C Series D

KOMPAS VC

Backing the builders of tomorrow to transform manufacturing and the built environment

Copenhagen (Denmark) (+3)

Seed Series A Series B

Kvanted

Early-stage VC accelerating industrial decarbonization and digital transformation

Helsinki (Finland)

Pre-Seed Seed Series A

Likeminded

The early-stage investor we wished we had, backing founders with VC-sized tickets and founder-operator support

Copenhagen (Denmark)

Pre-Seed Seed

Luminar Ventures

Sweden-based seed VC backing Nordic early-stage tech founders with operational support across major industries

Stockholm (Sweden)

Pre-Seed Seed

Maki.vc

Helsinki-based seed VC backing Nordic deep tech and brand-driven founders from pre-seed to Series A across 50+ companies.

Helsinki (Finland)

Pre-Seed Seed

Momentum Partners

Norwegian seed-stage VC investing in sustainability and climate-focused startups across ocean industries, agriculture, renewables, and construction.

Bergen (Norway)

Seed Series A

NGP Capital

Global B2B early-stage VC backed by Nokia, investing in enterprise software, industrial tech, cybersecurity, and infrastructure

Palo Alto (United States) (+2)

Series A Series B Series C

node.vc

Stockholm-based early-stage VC backing Nordic and Baltic tech founders across platform technologies, new experiences, and workplace tools with a sector-agnostic approach.

Stockholm (Sweden)

Seed Series A

Nordic Makers

Nordic early-stage fund backed by founders

Copenhagen (Denmark) (+2)

Pre-Seed Seed Series A

NordicNinja

Series A VC founded in 2019 investing €2–8M in Northern European deeptech, decarbonization, and digital society startups, backed by Japanese corporates and JBIC to help founders scale globally.

Helsinki (Finland) (+3)

Series A Series B

OpenOcean

Pan-European early-stage VC backing technical B2B software founders at Seed and Series A, with roots in building MySQL and MariaDB.

Helsinki (Finland) (+1)

Pre-Seed Seed Series A

Outlast Fund

Backing founders building enduring companies across the Baltics and Nordics

Riga (Latvia) (+1)

Pre-Seed Seed

Peak

Early-stage European VC backing SaaS, marketplace, and platform founders. €125M fund, €250k–€4M tickets, 50+ investments.

Amsterdam (Netherlands) (+2)

Pre-Seed Seed Series A

Propagator Ventures

Oslo-based specialist VC investing in early-stage deep tech startups in compute, materials science, computational medicine, and robotics.

Oslo (Norway)

Seed Series A