TIN Fonder

What TIN Fonder does

TIN Fonder is a privately held Swedish fund management company (fondbolag) founded in 2019 and headquartered at Riddargatan 23 in Stockholm. It operates as a specialist active equity manager focused exclusively on the Nordic region, with two core products: TIN Ny Teknik, launched in February 2019 and investing in technology-driven small and mid-cap growth companies across software, digital brands, health, and Nordic technology (with up to 30% permitted global exposure); and TIN Småbolag, launched in December 2025, investing in owner-led Swedish small-cap companies with proven profitability and growth potential. The firm's investment process is anchored by TIN Analytics, a proprietary data collection system that aggregates over 600,000 data points daily from portfolio companies, and is supported by a stated minimum of 400 company meetings per year across a concentrated portfolio of roughly 30–40 holdings in TIN Småbolag.

The company makes money through recurring management fees on assets under management — TIN Småbolag carries a disclosed 1.50% management fee with annual billing — and generates no other disclosed revenue streams. Funds are distributed to retail and pension savers through nine Nordic platforms: Avanza, Nordnet, SEB, SAVR, Montrose, Futur Pension, Alpcot, Fondmarknaden, and Strivo, covering Sweden, Norway, and Finland. Its target customers are Swedish and Nordic individual retail investors, pension savers, and parents saving for children, addressed through a horizontal segmentation approach that emphasises long-term wealth accumulation, retirement planning, and access to innovative Nordic small-cap companies.

The organisation is small (1–10 employees) and led by a four-person portfolio management team — Erik Sprinchorn, Carl Armfelt, Henrik Carlman, and Tobias Brodd — with Carl Armfelt serving as both fund manager and Vice CEO. In May 2026, Klara Hanzon was promoted from vice CEO to CEO, succeeding founder-era CEO Tomas Lundmark who transitioned to a Senior Advisor role. In March 2026, the firm merged its TIN World Tech fund into TIN Ny Teknik to streamline the product range. The firm is UCITS-compliant and adheres to UN PRI, UN Global Compact, and SFDR sustainability frameworks, supporting institutional and pension-platform eligibility.

Name

TIN Fonder

Legal name

TIN Fonder

Website

https://tinfonder.se/

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

TIN Fonder is a Stockholm-based Swedish fund manager founded in 2019 that runs two actively managed Nordic equity funds — TIN Ny Teknik and TIN Småbolag — for retail and pension savers, distributed via nine Nordic platforms and supported by a proprietary TIN Analytics data system.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

akta.pro primary industry

Money Market Funds (FSAAAEAC)

Keywords

• Actively managed equity funds
• Nordic small-cap investing
• Technology growth funds
• Fund management services
• Pension savings products

Headquarters

HQ city

Östermalm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Management fees - TIN Småbolag: TIN Fonder generates revenue through management fees charged on assets under management. TIN Småbolag has a management fee of 1.50%.
2. Management fees - TIN Ny Teknik: TIN Fonder generates revenue through management fees charged on assets under management for the TIN Ny Teknik fund.

Pricing tiers

Go-to-market motion1 record

Distribution channels9 records

Marketing channels5 records

Core offering

TIN Fonder is a Swedish fund management company offering actively managed equity funds focused on Nordic small and mid-cap growth companies in technology and health sectors. The firm operates two primary funds: TIN Ny Teknik (technology-focused) and TIN Småbolag (Swedish small-cap), both employing active ownership through direct company engagement and proprietary data analytics.

Product overview

TIN Fonder offers two actively managed equity funds. TIN Ny Teknik is a technology-focused fund investing in technology-driven growth companies in the Nordics with up to 30% global exposure, targeting software, digital brands, health, and Nordic technology themes. TIN Småbolag is a Swedish small cap fund focusing on owner-led companies with proven profitability and strong growth potential. Both funds employ active ownership, company meetings (minimum 400 per year), and long-term investment approaches.

Differentiator

Problem solved

Functional benefit

Brands

• TIN Ny Teknik: Actively managed equity fund investing in technology-driven growth companies, focusing on Nordic small/mid-cap companies in software, health, and digital brands sectors.
• TIN Småbolag

Products and services

• TIN Ny Teknik An actively managed equity fund investing in technology-driven growth companies with focus on small/mid-cap Nordic companies. Up to 30% can be invested globally outside the Nordics. Themes include software, digital brands, health, and Nordic technology. Designed for retail investors and pension savers seeking exposure to Nordic innovation.
• TIN Småbolag An actively managed equity fund investing in Swedish small-cap companies with proven profitability, strong owner engagement, and good growth prospects. Focus on owner-led companies and builders in expansion phase with potential to become future market leaders. Holds approximately 30-40 holdings for balanced sector and risk exposure. Carries a management fee of 1.50%.

Quantifiable outcome

• At least 400 company visits per year

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered core and minor.

• AvanzacoreChannel Partner/ Reseller/ DistributorTIN Småbolag is available for purchase through Avanza's platform, one of Sweden's largest online brokers serving retail investors.
• NordnetcoreChannel Partner/ Reseller/ DistributorTIN Småbolag is available for purchase through Nordnet's platform, a major Nordic online investment platform.
• SEBcoreChannel Partner/ Reseller/ DistributorSEB distributes TIN Fonder's products, including TIN Småbolag and TIN Ny Teknik, to its customers.
• SAVRminorChannel Partner/ Reseller/ DistributorTIN funds are available through SAVR platform.
• MontroseminorChannel Partner/ Reseller/ DistributorTIN Småbolag is available through Montrose investment platform.
• Futur PensionminorChannel Partner/ Reseller/ DistributorTIN Småbolag is available for pension savings through Futur Pension platform.
• AlpcotminorChannel Partner/ Reseller/ DistributorTIN Småbolag is available through Alpcot investment platform.
• FondmarknadenminorChannel Partner/ Reseller/ DistributorTIN Småbolag is available for purchase through Fondmarknaden.
• StrivominorChannel Partner/ Reseller/ DistributorTIN Småbolag is available through Strivo platform.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lannebo Fonder: Swedish boutique fund manager specializing in actively managed equity funds, including Swedish small-cap strategies. Directly comparable to TIN Fonder in operating model, fee structure, and target retail/pension investor base via Swedish platforms.
• C WorldWide Asset Management: Denmark-incorporated but Sweden-distributed active equity manager with global and Nordic-focused strategies. Comparable as a focused active equity boutique serving Nordic retail investors through platforms.
• Öhman Fonder: Swedish boutique asset manager running actively managed equity and mixed-allocation funds, distributed via major Swedish brokers. Comparable in scale, target customer (retail/pension savers), and product category.
• Carnegie Fonder: Nordic active equity fund manager with a long track record in Swedish and Nordic equities, distributed through Swedish bank and broker platforms. Highly comparable business model and customer overlap with TIN Fonder.
• Alfred Berg Asset Management: Nordic active equity and multi-asset manager with strong Nordic small/mid-cap exposure and broad platform distribution in the Nordics. Directly comparable in product mix and Nordic retail investor focus.

Regional players

• DNB Asset Management: Norway's largest asset manager with Nordic and global equity strategies, distributed via DNB and Nordic platforms. Comparable business model and adjacent geographic focus; one of TIN fund manager Tobias Brodd's former employers.
• Evli Fund Management: Finnish boutique asset manager with active equity funds, including Nordic small-cap exposure. Comparable active-equity boutique model in adjacent Nordic geography.

Broad incumbents

• Swedbank Robur: Largest Swedish asset manager and prior employer of several TIN portfolio managers. Offers extensive Nordic equity and global funds via captive bank distribution. Comparable product universe but operates at far greater scale.
• Handelsbanken Fonder: Large Swedish bank-affiliated asset manager offering broad Nordic equity, fixed income, and mixed funds with deep retail distribution. Comparable customer base and product category but at materially greater scale and breadth than TIN Fonder.
• SEB Asset Management: Major Nordic bank-affiliated asset manager distributing actively managed equity funds (including Nordic tech/health themes) through SEB's bank channels. Directly comparable product overlap, with structural scale advantage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/TINfonder
• YouTubeyoutube.com/@TINFonder
• LinkedInlinkedin.com/company/13052654/admin/feed/posts
• Instagraminstagram.com/tinfonder

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TIN Fonder