Vanliga frågor om riskkapital
Undrar du om riskkapital är rätt för ditt bolag, hur investeringsprocessen fungerar eller vad vi tittar på inför en investering? Här hittar du svar på de vanligaste frågorna om Almi Invest och riskkapital.
How we invest in startups
How does an investment from Almi Invest work?
An investment from Almi Invest means that we become a minority shareholder and work actively to help develop the company. We always invest alongside private investors.
When we invest, we purchase shares in the company and become an active shareholder focused on creating long-term value. We follow a structured investment process, assessing the team, market, business model, technology and scalability.
Our model is based on co-investment, meaning that we always invest alongside private investors who share our view of the company’s potential. As a minority shareholder, we work closely with the company’s team through strategic support, board participation and access to our network.
How much capital can Almi Invest invest?
Almi Invest typically invests SEK 1–4 million in an initial funding round, while our GreenTech Fund invests SEK 5–10 million.
We always invest as a minority shareholder and alongside private investors.
What is Almi Invest GreenTech?
Almi Invest GreenTech is our national fund focused on companies that generate significant climate and environmental benefits. The fund has a larger investment capacity than our regional funds.
GreenTech typically makes an initial investment of SEK 5–15 million in funding rounds that are often between SEK 10–50 million in size.
We can also participate in follow-on funding rounds, with a total investment capacity of up to SEK 50 million per company.
Do you invest alone or always alongside other investors?
As a state-owned venture capital company, we are required to invest alongside independent co-investors. We can therefore never invest on our own.
This approach helps us share risk, provide companies with access to more capital, valuable networks and additional expertise.
In this way, we act as a bridge to private venture capital and create stronger conditions for startups to grow and succeed.
Do we need to have co-investors in place before pitching to Almi Invest?
No. It is not a requirement to have co-investors in place before pitching to Almi Invest.
Some companies approach us with existing investors already committed, while others have not yet assembled an investor syndicate.
The structure of each funding round varies. In some cases, we actively help identify and bring together co-investors through our network of business angels and venture capital funds. In other cases, the company already has a strong investor base when discussions begin.
The most important factor is that the company and team meet our investment criteria. The structure of the funding round is something we assess together during the investment process.
Which sectors and industries do you invest in?
Almi Invest is sector-agnostic and invests in innovative startups with global potential.
Our investments include companies within areas such as:
- Tech
- Deep Tech
- Industry
- Life Science
- Sustainability
The deciding factor is not the sector itself, but the company’s scalability, the strength of the team and its ability to establish an international market position.
How does due diligence work at Almi Invest?
We conduct a commercial, technical and financial review to understand the company’s potential and risks. The process is structured but adapted to the company’s stage of development.
Due diligence typically includes an assessment of:
- The team
- The market
- The business model
- Technology
- Intellectual property
- Financial performance
- Sustainability factors
We want to understand where the risks lie and how the company is working to manage them.
The process is carried out in close dialogue with the founders and is supported by our investment team and, where necessary, external experts.
The objective is to ensure that the company has the foundations required to grow and create long-term value.
What ownership stake do you typically take?
We generally take a 10–15% ownership stake in the initial funding round and always invest as a minority shareholder.
Do you use standard investment terms?
Yes. We use market-standard and well-established investment terms to ensure a professional and efficient process.
Our agreements are based on common industry practice for early-stage investments and typically include shareholder agreements, investment agreements, vesting provisions and reporting requirements.
The objective is to create clarity and support long-term collaboration, while allowing for adjustments based on the specific circumstances of each company.
Can Almi Invest participate in multiple funding rounds over time?
Yes.
We make follow-on investments when a company has achieved key milestones and demonstrates the potential for continued growth.
It is common for us to participate in several funding rounds throughout a company’s growth journey.
What does the collaboration look like after the initial investment?
We act as an active and supportive investor and will often take a seat on the board.
We contribute through strategic discussions, networks, investor introductions and business development support to help companies maximise their growth potential.
The Investment Manager responsible for the investment becomes the company’s primary point of contact within Almi Invest. They remain actively involved throughout the company’s journey, providing strategic guidance through board representation and supporting the company through both opportunities and challenges.
Investment Managers often contribute portfolio support, access to our investor network, recruitment support and assistance with everything from commercialisation to scaling.
Our partnership continues throughout the entire ownership period.