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Wednesday, May 22, 2024

Swedish VC firm gears up its investment pace in 2023 to €53.1 million

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Based in Stockholm, Industrifonden announces its plan to increase its investments to over €53.1 million (MSEK600), dedicating approximately half of the capital to new ventures. The venture capital firm is targeting to lead from the front to accelerate deep techs’ metamorphosis into unicorns. Aiming to shape an early-stage venture capital ecosystem despite turbulent markets, Industrifonden seeks unique, scalable and ambitious ventures with global impact potential. The firm’s ticket sizes range from €880K to €4.5M (SEK 10–50 million).

Industrifonden is Sweden’s Venture Capital Fund looking for unique, scalable innovation that has a meaningful impact on our society. Industrifonden manages more than SEK 5 billion and invest in early-stage companies, from seed to A-round funding with a reach across the Nordics. The investment focus includes specialized technologies and businesses within Deep Tech, Life Science and Transformative Tech. Industrifonden has an evergreen structure which allows a long-term focus on value creation.

Over the past three years, Industrifonden invested in total SEK 1.3 billion, equaling SEK 450 million annually. During the three-year period, their portfolio companies also attracted an impressive SEK 10 billion from other investors, thanks to the excellent work of the leadership teams and the focus on truly unique technologies and offerings within Industrifonden’s investment areas Deep Tech, Life Science, and Transformative Tech.

In the last year, several new investment professionals joined Industrifonden bringing extensive experience in venture investments and operations, further increasing the team’s capacity.

“The timing is right to be a contrarian. Many investors are decreasing their activity level, but the quality of innovative companies is better than ever, and valuation expectations have adjusted to more attractive levels. For us, the limiting factor is to find true excellence, in innovations as well as management teams” says Peter Wolpert, CEO at Industrifonden. “We’re excited to partner with extraordinary innovators and entrepreneurs to bring more Nordic breakthrough innovations to the world and we’re in it for the long run. Our evergreen structure and proven capabilities to develop science-based ventures is a tremendous advantage for founders choosing to partner with us.”

Industrifonden’s first ticket size is normally SEK 10–50 million, with a capacity to invest significantly more during the lifecycle. Smaller tickets will also be considered in an earlier stage for exceptional technologies and teams, for the purpose of generating convincing proof points.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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