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Spintop Ventures

Europe, Jamtlands Lan, Sweden, Östersund

Description

Spintop Ventures is a prominent venture capital firm headquartered in Östersund, Sweden, with an additional office in Stockholm. The firm specializes in investing in early-stage technology companies across the Nordic region, focusing on innovative startups with high growth potential. Their investment philosophy centers on providing not just capital but also strategic support, leveraging their extensive network and operational expertise to help portfolio companies scale. Spintop Ventures targets companies primarily in the Seed and Series A stages, aiming to be a long-term partner in their development.

The firm has a strong track record, having successfully raised multiple funds to support its investment activities. Their latest fund, Spintop Ventures V, closed at an impressive €100 million, demonstrating continued investor confidence in their strategy and market focus. This significant capital pool enables them to make substantial initial investments and provide follow-on funding as their portfolio companies grow. Spintop Ventures typically deploys initial cheques ranging from €1 million to €5 million, depending on the stage and specific needs of the startup.

Spintop Ventures' commitment to the Nordic tech ecosystem is evident in its diverse portfolio, which spans various sectors including SaaS, fintech, and deep tech. They actively seek out companies that are poised for international expansion, providing guidance on market entry and global scaling strategies. The firm's hands-on approach and deep understanding of the Nordic market dynamics position them as a valuable partner for ambitious entrepreneurs looking to build category-leading technology companies from the region.

Investor Profile

Spintop Ventures has backed more than 56 startups, with 6 new investments in the last 12 months alone. The firm has led 29 rounds, about 52% of its total and boasts 8 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Sweden, Finland, Norway.
  • Strong thematic focus on Software, Information Technology, SaaS.
  • Led 3 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Seed (48%)
  • Series Unknown (30%)
  • Series A (16%)
  • Pre Seed (2%)
  • Series B (2%)
  • Angel (2%)

Country Focus

  • Sweden (63%)
  • Finland (23%)
  • Norway (5%)
  • Denmark (4%)
  • United States (4%)
  • The Netherlands (2%)

Industry Focus

  • Software
  • Information Technology
  • Saas
  • Artificial Intelligence (Ai)
  • Apps
  • E-commerce
  • Music
  • Enterprise Software
  • Internet Of Things
  • Big Data
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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 Spintop Ventures frequently co-invest with?

PROfounders Capital
Europe, England, United Kingdom, London
Co-Investments: 3
42CAP
Europe, Bayern, Germany, Munich
Co-Investments: 3
Icebreaker.vc
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 4
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Norrlandsfonden
Europe, Norrbottens Lan, Sweden, Luleå
Co-Investments: 3
Partnerinvest Norr
Europe, Norrbottens Lan, Sweden, Piteå
Co-Investments: 3
Almi Invest
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 9
OpenOcean
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3
Sisu Game Ventures
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3
Brightly Ventures
Europe, Stockholms Lan, Sweden, Norrmalm
Co-Investments: 4

Which angels does Spintop Ventures often collaborate with?

RS
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
LS
Europe, Hordaland, Norway, Bergen
Shared Deals: 1
OS
Europe, Finland
Shared Deals: 1
KL
North America, California, United States, San Francisco
Shared Deals: 1
GM
North America, California, United States, Santa Monica
Shared Deals: 1
Shared Deals: 1
HR
Europe, Hordaland, Norway, Bergen
Shared Deals: 1
Shared Deals: 1
AK
Europe, Southern Finland, Finland, Lappeenranta
Shared Deals: 1
DH
Europe, Gullbringusysla, Iceland, Reykjavík
Shared Deals: 1

What are some of recent deals done by Spintop Ventures?

Embedl AB

Gothenburg, Vastra Gotaland, Sweden

Efficient Deep Learning for Embedded Systems

Artificial Intelligence (AI)Embedded SystemsMachine LearningSoftware
SeedJun 18, 2025
Amount Raised: $6,329,515
Impulso

Stockholm, Stockholms Lan, Sweden

Impulso is a cloud-based SaaS solution that helps fashion brands and retailers optimise sell-through and reduce overproduction.

DatabaseReal TimeRetailSaaS
SeedJun 10, 2025
Amount Raised: $6,862,476
Seven Stars

Kajaani, Oulu, Finland

Seven Stars is a startup for creating captivating mobile games with a talented, diverse team.

SeedFeb 25, 2025
Seven Stars

Zwolle, Overijssel, The Netherlands

Seven stars specializes in IT consulting, recruiting, training, staffing, payrolling, and human resource services.

ConsultingHuman ResourcesInformation TechnologyRecruitingStaffing Agency
SeedFeb 25, 2025
ReCarber

Stockholm, Stockholms Lan, Sweden

Carbon Removals - platform for commercializing & financing BECCS projects

B2BBusiness DevelopmentCarbon CaptureRenewable EnergySoftware
SeedFeb 10, 2025
Amount Raised: $5,253,567
Cambri

Helsinki, Southern Finland, Finland

Cambri is a concept testing software that helps global brands accelerate their innovation process.

Information TechnologyMarket ResearchSoftware
Series UnknownOct 17, 2024
Amount Raised: $8,663,353
Norditech

Jönköping, Jonkopings Lan, Sweden

Building World-leadning AI products

Artificial Intelligence (AI)SaaS
Pre SeedApr 24, 2024
Amount Raised: $749,002
Tings

Oslo, Oslo, Norway

Tings is a mobile app that helps people to organize and retain, and sell non-required recyclable and used merchandise.

E-CommerceRecycling
SeedJan 30, 2024
Amount Raised: $1,244,874
Zymego

Stockholm, Stockholms Lan, Sweden

Zymego develops solutions that relieve healthcare workers of administrative work.

Health CareInformation TechnologySoftware
Series UnknownDec 11, 2023
Amount Raised: $2,000,000
Elastisys

Umeå, Vasterbottens Lan, Sweden

We offer Compliant Kubernetes as a fully-managed service, cloud native consulting, and Linux Foundation official training.

Cloud ComputingInformation TechnologySoftware
Series UnknownSep 7, 2023
Amount Raised: $2,692,697