Deep tech needs staying power, sales and commercialisation.You have done the hard part. We build everything around it.
We're first money in for research-born technology, for the years between the lab and the first paying customer. Capital, product development, HR and hiring, IP strategy, GTM, commercialisation and sales. All of it built AI-first.
What we mean by deep tech.
Technology whose competitive advantage rests on scientific ground, where the complexity creates moats that can't be copied with capital or speed.
Three criteria shape every evaluation:
Research-anchored.
The technology is built on, or actively developed with, academic research.
Specialist-led.
The core technology requires domain experts, not generalists.
Structurally protected.
IP, proprietary data or unique access to research infrastructure. A moat that survives a team change.
Where we come in.
- Before us · pre product-market fit
The science exists. The company is next.
The years between the lab and the first paying customer. The technology is there, the rest is ahead of you.
- This is where we come in
First money in.
We go in pre-seed with the chops to commercialise. Before product-market fit we find out who is actually willing to pay for what you patented, and shape the build around the answer.
- After us · post product-market fit
Industrial investors.
Larger tickets, longer holds. Our job is to make the company investable for them.
Seven priority sectors.
We're sector-agnostic on everything else, as long as the three criteria are met.
- AI / ML
- Robotics & Simulation
- Cybersecurity
- Materials & nanoteche.g. LunaLEC
- Energy Technology
- Advanced Manufacturing
- Biotech
We don't invest in pharma. Swedish companies, preferably outside the big cities.
LunaLEC. Printable light without rare earths, the materials science we back, commercialized.
Read more about LunaLEC →Thalius. Research-grounded AI architecture packaged into products: Hippocampus gives organizations a collective memory, Vibe Search redefines how customers find what they need in e-commerce. The film shows Vibe Search.
Read more about Thalius →How we invest.
- Stage
- Pre-seed and seed
- Ownership
- Significant minority stake
- Role
- First money in, or co-first
- Follow-on investments
- Case by case
- Horizon
- Evergreen. No fund clock.
A large share of our deep tech investments happen before product-market fit and before validated customer revenue. That's the whole point. We go in earlier than most, because what we're best at is the next step: commercialization, sales and company building.
What you get, beyond the check.
Up and running from day one. No management fee.
- Go-to-marketpackaging, pricing, first reference customers
- Sales coachingclose the first ten paying customers with our partners in the room with you
- IP & patentspatent landscaping, drafting and prosecution before the EPO and the Swedish PRV
- Soft fundingVinnova, EIC, Horizon Europe and similar, search and applications
- Regulatory & TRL roadmapfrom prototype to a product the market can buy
- Hiringco-founders, first commercial hire, board
Who we want to hear from.
Researchers, pre-company.
You have research worth building a company around, no patent filed yet. We step in before publication and before incorporation.
Research-rooted companies ready for the next chapter.
You've raised, you have the tech, now the commercial journey is ahead. That's where we step in.
Driven founders with academic roots.
You found us. We don't source actively here, but we read every email.