Vanliga frågor om riskkapital

Almi Invest is Sweden’s most active investor in startups. We invest in young growth companies with the potential to scale rapidly. We play an active role in strengthening Sweden’s innovation and startup ecosystem by providing capital, expertise and networks where they can make the greatest impact.

As a state-owned venture capital company, Almi Invest has a clear mission: to invest in companies that contribute to innovation, growth and competitiveness in Sweden, particularly in early-stage businesses where private capital is often reluctant to invest due to higher levels of risk.

We support startups by providing venture capital, acting as active owners and co-investing alongside private investors across the country. With a presence throughout Sweden and nearly 1,000 investments completed, we are a central part of the country’s startup infrastructure.

Almi Invest exists to increase access to early-stage venture capital for innovative Swedish startups with high growth potential. As a state-owned investor, our role is to bridge funding gaps by investing alongside private investors, helping to promote innovation, sustainable growth and a strong business sector across Sweden.

Our mission is to strengthen Sweden’s innovation capacity by investing in startups operating in early and often high-risk stages where private capital may be hesitant to invest.

As an active owner, we contribute not only capital but also expertise, networks and strategic support through board participation in our portfolio companies.

Our investment model is based on co-investment, meaning that every krona we invest is intended to attract at least an equivalent amount of private capital. This helps reduce risk for private investors while increasing access to venture capital for growing businesses.

Through our seven regional funds, we support growth throughout Sweden, including outside the major metropolitan areas. We also manage the GreenTech Fund, which focuses on companies that reduce carbon emissions, protect natural resources or help restore ecosystems.

Almi Invest provides venture capital and takes equity stakes in companies, while Almi Företagspartner focuses on business loans and business development services.

Although we have different roles, we share a common purpose: strengthening business growth and entrepreneurship in Sweden.

Almi Invest is owned by Almi AB, which in turn is owned by the Swedish state.

We are therefore a state-owned venture capital company with a clear national mission.

Being state-funded does not affect how we work with entrepreneurs or co-investors. Our investments are made on commercial terms and with the same expectations regarding growth potential, team quality and scalability as private venture capital investors.

The key difference is that our capital has a market-complementing mission. This means that we are required to invest alongside independent co-investors and can never invest on our own.

As a result, we help mobilise private capital, share investment risk and provide companies with access to additional funding, valuable networks and broader expertise.

Yes. We invest in companies across Sweden.

We operate seven regional funds that invest in companies registered within their respective regions, as well as a national GreenTech Fund that can invest throughout the country regardless of where the company is based.

Almi Invest is structured to stay close to entrepreneurs and investors throughout Sweden. Our regional funds strengthen local ecosystems and help ensure that venture capital reaches promising companies beyond the major cities.

At the same time, our national GreenTech Fund invests in sustainability- and climate-focused innovations regardless of location. Together, these funds allow us to support ambitious startups across the country with commercially driven venture capital.

Yes. We are fundamentally sector-agnostic and can invest in companies across a wide range of industries.

What matters most is that the company has a scalable business model and the potential for rapid growth.

Our investments include companies within areas such as Tech, Deep Tech, Industry, Life Science and Sustainability.

However, there are sectors we cannot invest in due to our exclusion framework or European Union state aid regulations.

We primarily invest in pre-seed, seed and early Series A companies.

These are the stages where companies typically have the greatest need for capital and where our role can make the biggest difference.

We generally do not participate in later-stage funding rounds where companies are already well financed by private investors, as our mission is focused on supporting businesses in earlier stages of development.

Almi Invest consists of seven regional funds and the thematic GreenTech Fund.

Each fund is managed by a Fund Manager together with a team of Investment Managers who have deep knowledge of their markets and investment areas.

Yes. We can invest in companies that already have external investors, although this is by no means a requirement.

For our regional funds, yes. The company must be registered in Sweden and within the geographical region covered by the relevant fund.

Different rules apply to our national GreenTech Fund, which may also invest in companies that are not registered in Sweden.