Stockholm-based venture capital firm node.vc has closed a $77.3 million (€71 million) fund backed by 70 Nordic entrepreneurs. The raise arrives during a challenging period for venture capital, but the strong support from institutional investors and successful founders demonstrates clear confidence in node.vc's founder-first, sector-agnostic investment strategy. The firm focuses on the region's startup and gaming ecosystems, areas that continue to attract serious capital despite broader market caution.
Node.vc Raises $77.3 Million for New Fund
About Node.vc
Node.vc doesn't just write checks. The firm builds an interconnected network of successful entrepreneurs who actively help scale early-stage tech startups. Leadership includes veterans from Tobii, Tobii Dynavox, and Paradox Interactive, bringing decades of experience building and scaling companies. The model connects emerging startups with seasoned founders who provide insights, support, and industry connections that matter when you're trying to grow fast.
The firm's strategy is straightforward: established entrepreneurs contribute capital and expertise, accelerating growth for companies that might otherwise struggle to access the right networks. It's a hands-on approach that treats founders as partners, not just portfolio entries.
Backing Nordic Game Changers
Sector-agnostic focus with early investments in tech
Node.vc invests across sectors, but its first three Swedish investments lean heavily into technology-driven ventures:
- Lemonado: A no-code platform for building software and applications without extensive programming knowledge.
- Roro: A creative play studio designing engaging and innovative play experiences.
- Starhive: A data management platform aimed at enterprise-level data handling and integration.
These investments demonstrate node.vc's belief that disruptive innovation can emerge from anywhere, as long as there's a strong support system. The firm backs companies redefining their sectors and driving broader trends in web3 gaming, AI, enterprise technology, and interactive entertainment.
Investment Portfolio
Building an entrepreneur-backed ecosystem
The fund is anchored by Saminvest, a Stockholm-based venture capital company formed by the Swedish government to promote sustainable ventures. That backing, combined with support from other institutional investors, reflects broad confidence in node.vc's vision.
Node.vc's investor base includes entrepreneurs from some of the most successful Nordic companies: Axis Communications, Yubico, Polarium, Cint, Evolution, PriceRunner, and Polar Structure. These founders don't just contribute capital. They actively identify, evaluate, and support new portfolio companies. Managing partner John Elvesjö says this approach has made node.vc one of the largest entrepreneur-backed early-stage venture capital firms in the Nordics.
Over 40+ Investments Made
Aiming for disruption across industries
Node.vc's investment thesis is simple: significant change can come from any sector. The firm supports companies positioned to lead in transforming industries, whether that's virtual work solutions, AI innovation, digital entertainment, blockchain gaming, or enterprise technology. This broad scope lets node.vc pursue diverse investment opportunities while fostering a supportive environment for entrepreneurs navigating the complexities of scaling a business.
The fund targets companies at the forefront of change, unlocking new frontiers in tech and entertainment. That flexibility is a strength in a fast-evolving business landscape where the dynamics of work, technology, and entrepreneurship continue to shift.
New Experiences in Digital Entertainment and Gaming
Final thoughts
Node.vc's founder-first approach reflects its leadership. Many of the team are former founders themselves. Managing partner John Elvesjö explained, "The Node.vc team started as founders and operators ourselves; we know what it takes to build and scale successful companies. That's why we always put founders first."
Magnus Skåninger, CEO of cornerstone investor Saminvest, expressed confidence in node.vc's vision, highlighting the firm's ability to drive a new wave of entrepreneur-backed success. He noted that node.vc is well-positioned to seize the best investment opportunities in the tech landscape.
The $77.3 million fund closure is a significant step in building a stronger Nordic startup ecosystem. By harnessing the experience and networks of successful entrepreneurs, node.vc provides support to early-stage companies across various sectors. As venture capital firms navigate uncertain investment climates, node.vc's founder-first, ecosystem-focused approach offers a clear path forward for fostering innovation and growth.
