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Rite Ventures

Europe, Stockholms Lan, Sweden, Stockholm

Description

Rite Ventures is a prominent Stockholm-based venture capital firm specializing in growth-stage investments across the Nordic region, with a particular focus on Swedish and Finnish companies. The firm targets businesses within the IT-services, Software as a Service (SaaS), and e-commerce sectors, seeking out companies that demonstrate a proven business model and robust growth potential. As an active and long-term partner, Rite Ventures aims to be the largest external investor in its portfolio companies, providing strategic guidance, operational expertise, and access to a broad network to foster accelerated development.

The firm's investment strategy centers on taking significant minority stakes or even majority positions in promising enterprises. Rite Ventures typically deploys initial cheques ranging from SEK 20 million to SEK 100 million. This translates to an approximate investment range of $1.85 million to $9.25 million USD, based on recent exchange rates. They prioritize companies led by experienced management teams, ensuring that their capital injection is complemented by strong leadership capable of executing ambitious growth plans. Their approach emphasizes deep engagement, working closely with founders to navigate challenges and capitalize on market opportunities.

Rite Ventures boasts a strong track record of successful investments and exits, having supported numerous well-known Nordic tech companies. Their portfolio includes high-profile names such as Qred, Mentimeter, KRY, and NA-KD, showcasing their ability to identify and scale market leaders. This history underscores their commitment to value creation through active ownership and strategic support, positioning them as a key player in the Nordic venture capital landscape for technology-driven growth companies.

Investor Profile

Rite Ventures has backed more than 26 startups, with 1 new investments in the last 12 months alone. The firm has led 3 rounds, about 12% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Seed, Post Ipo Equity rounds (top funding stages).
  • Majority of deals are located in Sweden, Finland, United States.
  • Strong thematic focus on E-Commerce, Retail, Software.
  • Typical check size: $1.9M – $9.3M.

Stage Focus

  • Series Unknown (85%)
  • Seed (8%)
  • Post Ipo Equity (4%)
  • Post Ipo Secondary (4%)

Country Focus

  • Sweden (62%)
  • Finland (35%)
  • United States (4%)

Industry Focus

  • E-commerce
  • Retail
  • Software
  • Information Technology
  • Fashion
  • Financial Services
  • Food And Beverage
  • Internet
  • Sales
  • Health Care
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Rite Ventures frequently co-invest with?

ME
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 1
GP Bullhound
Europe, England, United Kingdom, London
Co-Investments: 1
MA
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 1
KC
Europe, Vastra Gotaland, Sweden, Gothenburg
Co-Investments: 1
Tectonic Ventures
North America, Massachusetts, United States, Cambridge
Co-Investments: 1

Which angels does Rite Ventures often collaborate with?

DS
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1

What are some of recent deals done by Rite Ventures?

Takomo Golf Company

Turku, Western Finland, Finland

Takomo Golf Company manufactures and sells golf products.

E-CommerceManufacturingRetailSporting Goods
Series UnknownMay 14, 2025
Amount Raised: $22,467,694
Grönska

Stockholm, Stockholms Lan, Sweden

Grönska is a vertical farming company developing tech and producing vegetables and herbs locally.

AgTechFarmingFood and Beverage
Series UnknownMar 1, 2021
Amount Raised: $2,400,000
Custobar

Helsinki, Southern Finland, Finland

Custobar is the only sales and marketing platform designed with retail at heart from the very beginning.

AdvertisingMarketing AutomationRetail Technology
Series UnknownJan 1, 2021
Nelly Group

Stockholm, Stockholms Lan, Sweden

Nelly Group is an online fashion brand that offers clothing, accessories, beauty products, and sportswear.

E-CommerceFashionFinancial ServicesLingerieMarketplacePaymentsSales
Post Ipo SecondaryJun 11, 2020
SÖDER SPORTFISKE AB

Stockholm, Stockholms Lan, Sweden

Soder Sportfiske is a sport fishing shop.

ConsultingRetail
Series UnknownMay 4, 2018
Puhdistamo

Lempäälä, Western Finland, Finland

Puhdistamo is a nutritional products company.

Food and BeverageHealth Care
Series UnknownJan 1, 2018
Nelly Group

Stockholm, Stockholms Lan, Sweden

Nelly Group is an online fashion brand that offers clothing, accessories, beauty products, and sportswear.

E-CommerceFashionFinancial ServicesLingerieMarketplacePaymentsSales
Post Ipo EquityFeb 3, 2017
Mylab

Tampere, Western Finland, Finland

Mylab is a company which provides information system services for healthcare and clinical laboratories.

Health CareInformation Technology
Series UnknownJan 1, 2017
Lemonsoft

Vaasa, Western Finland, Finland

Lemonsoft is a software company that develops ERP software.

Enterprise Resource Planning (ERP)Enterprise SoftwareInformation TechnologySoftware
Series UnknownAug 7, 2016
Qliro

Stockholm, Stockholms Lan, Sweden

Qliro is a financial company that offers payment solutions for e-commerce, favorable deposit accounts, and consumer loans.

AppsE-CommerceFinancial Services
Series UnknownJan 1, 2016