Industrifonden is one of the larger

venture capital firm Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which hav ...

s in the Nordics, backing growth companies in the Technology or Life Science sectors. The head office is in

Stockholm Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...

, where the team of 30 professionals are located.

History

Industrifonden was founded by the

Swedish government The Government of the Kingdom of Sweden ( sv, Konungariket Sveriges regering) is the national cabinet of Sweden, and the country's executive authority. The Government consists of the Prime Ministerappointed and dismissed by the Speaker of the R ...

in 1979 to promote industrial development in

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

and finance larger industry projects. In 1996, the focus was changed, and Industrifonden was given the ability to enter as an investor in small and medium-sized companies through

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

investments. (Förordning (1996:880) om finansiering genom stiftelsen Industrifonden). The Swedish government's total capital contribution in Industrifonden amounts to 1.6 billion SEK.

Investments

Industrifonden invests in companies in the Technology and Life Science sectors. The investor is an independent evergreen venture capital fund, and the fund has more than doubled in size since its inception, following profitable exits. The investor is actively involved in the portfolio companies, contributing not only with capital but also expertise and a broad network of resources.

Portfolio

Selected companies that Industrifonden has invested in:

Technology

Barnebys Barnebys is a search engine for art, antiques and collectibles from more than 3,000 auction houses and galleries around the world. Barnebys offers a free-to-use database of realized prices, dating back to the beginning of the 1970s and providing o ...

Fishbrain Fishbrain is a mobile app and online platform for anglers that provides map-based tools, social networking features, fishing forecasts, fishing forecasts including weather, lunar cycles, tidal charts, map functionality, predicted fish activity ...

Footway A sidewalk (North American English), pavement (British English), footpath in Australia, India, New Zealand and Ireland, or footway, is a path along the side of a street, highway, terminals. Usually constructed of concrete, pavers, brick, stone ...

InRiver

Qapital

WidespaceDPOrganizer

Life Science

AMRA

Airsonett

BONESUPPORT
* Smartfish *Oatly

References

External links

Industrifonden
Venture capital firms of Sweden Companies based in Stockholm {{Sweden-org-stub