Your research could become a company.We build it with you.
You have research or unique technology with commercial potential. We bring capital, senior experts and an AI operating system to build the company with you. We welcome conversations before there is a company and also work with research-based businesses ready for their next step.
Research with commercial potential.
We look for technology grounded in scientific research and specialist knowledge. Together, we explore the problem it can solve, who needs the solution and how to build a company around it.
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.
From research to commercial progress.
- Your starting point
Unique expertise to build on.
You may still be working in research or have already started a company. We begin with the technology, the people behind it and the market opportunity.
- Working together
The team, the product and the first customers.
We build the team with you, test the offer with potential customers and work towards the next milestone. Capital, senior expertise and our AI operating system support the work.
- The next milestone
A pilot. A customer. Growing revenue.
We track progress in the market and plan the next step around what the company needs. Our capital is long-term, with no fund deadline dictating when the business must be sold.
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.
We back researchers and founders early, often before the company has customers. The capital is there to help the business reach its next inflection point. Together, we work on commercialisation, the team and the product to get there.
Expertise to move the company forward.
Senior experts when you need to go deep. AI support in the day-to-day work.
- CommercialisationCustomer needs, an offer and pricing tested in the market.
- SalesCustomer conversations, pilots and the work towards paying customers.
- Team & recruitmentCo-founders and the skills needed to build the company.
- ProductPriorities connecting the technology’s potential to customer needs.
- FinancingCapital needs and planning for the company’s next milestone.
- The AI operating systemExpert knowledge accessible to support day-to-day company building.
Tell us what you are working on.
Researchers before company formation.
You see commercial potential in your research and want to explore it. You do not need a complete team or to want the CEO role yourself. We help build the company around the technology and the right people.
Research-based companies ready to move forward.
The company exists, but its commercial progress has not reached the point you want. We work with you on customers, product and the team to find the next step.
Domain experts with unique technology.
You know the problem in your industry and see how research-based technology could solve it. We want to talk, even if you have not yet decided to start a company.