Saminvest
Saminvest is a 100% Swedish government-owned venture capital firm that invests as an anchor limited partner in privately managed VC funds and angel investment programs across Sweden. It manages approximately SEK 6 billion to stimulate private capital in Swedish early-stage and growth companies in tech, life science, and impact sectors.
- Company typePrivate
- Founded2016
- HeadquartersStockholm, Sweden
- Headcount—
- GTM typeB2B
- OfferingServices
What Saminvest does
Saminvest AB is a 100% state-owned venture capital investment company established by the Swedish government in 2016 (legal entity: Saminvest AB, headquartered at Sveavägen 17, 111 57 Stockholm). It operates a fund-of-funds and angel-program platform: Saminvest commits anchor capital to privately managed venture capital funds (currently 31 funds) and supports angel investment corporations (7 programs comprising 15 angel investment companies) linked to 12+ Vinnova-classified Swedish incubators. As of 2025-12-31 the company had approximately SEK 5,930 million committed across these vehicles, alongside a wholly-owned matching subsidiary (Annexstruktur AB) and follow-on co-investment vehicle (Annexstruktur Coinvest AB) providing over SEK 300 million in matching capital. Direct-investment activities inherited from predecessors Fouriertransform and Inlandsinnovation were fully wound down by Q1 2024.
Saminvest's commercial function is to act as an anchor limited partner and angel co-investor to catalyze the Swedish venture capital ecosystem in sectors and phases underserved by private capital, including tech (pre-seed to growth), life science (development phase), and impact/climate investing. The company invests only on commercial terms requiring market-rate returns and actively promotes gender balance (39% women in portfolio fund teams versus a 40-60% target) and sustainability integration. Geographic focus is Sweden and secondarily the Nordics, with international exposure limited to cases where fund strategy provides clear value-add to the Swedish ecosystem.
The underlying "platform" is not a software product: Saminvest is not a technology company, has no public or partner API, and does not charge customers. Revenue mechanics come from capital appreciation and distributions on the fund portfolio under an evergreen model intended to preserve capital in real terms and be self-financing over time. Outcome-based evidence cited by the company includes 790 portfolio companies having received external capital through funded funds and angels, 4,195 Swedish jobs enabled, SEK 6,090 million of revenue generated by portfolio companies, and aggregate ~4,800 innovative companies reached together with private co-investors since 2017. The firm operates with a lean core team (~11 named individuals spanning investment management, finance, legal, sustainability, and communications) under CEO Magnus Skåninger, appointed October 2023.
Saminvest firmographics
Firmographics- Name
- Saminvest
- Legal name
- Saminvest AB
- Website
- https://saminvest.se
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Short description
- Saminvest is a 100% Swedish government-owned venture capital firm that invests as an anchor limited partner in privately managed VC funds and angel investment programs across Sweden. It manages approximately SEK 6 billion to stimulate private capital in Swedish early-stage and growth companies in tech, life science, and impact sectors.
- Ownership category
- akta.pro rank
Saminvest industry classification
Industry- Product category
- Government-Backed Venture Capital (Fund-of-Funds and Angel Co-Investment)
- NAICS
- Business, Professional, Labor, Political, and Similar Organizations (8139)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
- akta.pro secondary industry
- Technology & Software Growth Equity (FSANACAA)
Keywords
Where Saminvest is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Saminvest business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Investment returns from fund portfolio: Saminvest generates returns through capital appreciation and distributions from its portfolio of venture capital fund investments and angel investment program stakes. Returns are reinvested into new funds as part of an 'evergreen' model. The company is intended to be self-financing over time, preserving capital in real terms through positive returns on investments.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Saminvest product offering
Product offeringCore offering
Saminvest is a 100% state-owned Swedish venture capital company that invests as an anchor limited partner in privately managed venture capital funds and supports angel investment programs linked to Swedish incubators. It manages approximately SEK 6 billion across 31 funds and 7 angel programs (15 angel investment corporations) covering pre-seed to growth phases in tech, life science, and impact sectors. The company targets market-rate returns and acts as a catalyst to mobilize private co-investment in segments where capital supply is insufficient in Sweden.
Product overview
Saminvest is a state-owned Swedish venture capital company (established 2016) that operates as a dual-product platform. The first core product is Fund Investments - investing in approximately 31 privately managed venture capital funds across tech, life science, and impact sectors, from pre-seed to growth phases. The second core product is the Angel Investor Programme - supporting angel investments through 15 angel investment corporations linked to 12 leading Swedish incubators (Arctic Business, Blekinge Business Incubator, GU Ventures, Minc, SmiLe, Sting, UIC, and others). A key sub-product is Annexstruktur AB, which enables Saminvest to match follow-on investments by selected angel investors. The company manages approximately SEK 6 billion in assets and acts as anchor investor in funds to stimulate Sweden's venture capital ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- Fund Investments (Anchor LP in Privately Managed Venture Capital Funds) Saminvest commits anchor limited-partner capital to privately managed venture capital funds covering tech, life science, and impact sectors across pre-seed to growth stages in Sweden and the Nordics. Saminvest evaluates fund management teams through a structured 7-step investment proposal process and often acts as anchor to attract private co-investors. As of 2025-12-31, SEK 5,930 million was committed across 31 funds.
- Angel Investor Programme Saminvest supports angel investment corporations linked to 12+ leading Swedish incubators (including Arctic Business, Blekinge Business Incubator, GU Ventures, Minc, SmiLe, Sting, Uppsala Innovation Centre, Ideon Innovation, Företagsfabriken, Kalmar Science Park, Hetch, and Krinova). Saminvest acts as anchor in 15 angel investment corporations across 7 angel programs covering pre-seed and seed investments in incubator companies.
- Annexstruktur AB (Co-Investment Matching Programme) Saminvest's wholly-owned subsidiary Annexstruktur AB (alongside Annexstruktur Coinvest AB) matches follow-on investments made by selected angel investors within angel investment programs, and matches selected fund companies, on equal terms. Combined matching commitments exceed SEK 300 million across programs.
Quantifiable outcome
- 4,195 Swedish jobs enabled by Saminvest's investments
- +5 more outcomes
Companies that use Saminvest
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles2 records
Saminvest technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Saminvest partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and supporting.
- Arctic Business (ABI) IncubatorcoreSaminvest partners with Arctic Business Incubator in Luleå to operate the Arctic Ventures angel investment program. Saminvest has committed SEK 21 million across three angel investment companies (Arctic Ventures Ett AB, Arctic Ventures Två AB, Arctic Ventures Tre AB) plus SEK 45 million for matching selected angels through Annexstruktur AB. The program targets initial investments and follow-on investments in incubator companies in northern Sweden.
- Blekinge Business IncubatorcoreSaminvest partners with Blekinge Business Incubator to operate the Kick Capital angel investment program covering southeastern Sweden. Saminvest has committed SEK 7 million for Kick Capital I and SEK 8 million for matching through Annexstruktur AB. The program invests 300,000–500,000 SEK per company in innovative growth companies.
- GU Ventures (Göteborgs universitet)coreSaminvest partners with GU Ventures at the University of Gothenburg to operate the Vasa Angels I angel investment corporation. Saminvest committed SEK 17 million to Vasa Angels I and up to SEK 44 million for follow-on co-investments with selected angels. The program supports deeptech companies sprouted from university research, investing in ~20 companies since its 2021 launch.
- Minc (Malmö)coreSaminvest partners with Minc (Minc i Sverige) in Malmö to operate angel investment programs Fast Track Capital II, Fast Track Capital III, and Skåne Ventures I. Saminvest committed SEK 13 million + SEK 10 million + SEK 18 million respectively, plus SEK 75 million for angel matching through Annexstruktur AB.
- Sting (Stockholm Innovation and Growth)coreSaminvest partners with Sting in Stockholm to operate the Propel Capital angel investment program. Commitments include SEK 15 million (Propel Capital IV), SEK 11 million (Propel Capital V), SEK 15 million (Propel Capital VI), and SEK 13 million (Propel Capital VII) for initial investments, plus co-investment matching.
- Uppsala Innovation Centre (UIC)coreSaminvest partners with Uppsala Innovation Centre (UIC) linked to Uppsala University and the Swedish University of Agricultural Sciences. Angel investment program Linnéa Capital I received SEK 5 million and Linnéa Capital II received SEK 8 million from Saminvest, plus SEK 35 million for angel matching through Annexstruktur AB. UIC is one of Sweden's largest angel programs.
- SmiLe Incubator (Lund)coreSaminvest partners with SmiLe Incubator in Lund to operate the SmiLe Inject Capital angel investment program. Saminvest committed SEK 20 million for SmiLe Inject Capital AB plus matching funds for selected angels through Annexstruktur AB.
- Ideon Innovation (Lund)supportingSaminvest collaborates with Ideon Innovation in Lund as part of its network of incubators for angel investment programs, alongside Minc and SmiLe covering the Skåne region.
- Företagsfabriken (Växjö)supportingSaminvest partners with Företagsfabriken in Växjö, collaborating with Blekinge Business Incubator and Kalmar Science Park to operate the Kick Capital program covering southeastern Sweden.
- Kalmar Science ParksupportingSaminvest partners with Kalmar Science Park as part of the southeastern Sweden regional network for the Kick Capital angel investment program, alongside Blekinge Business Incubator and Företagsfabriken.
- Hetch (Helsingborg)supportingSaminvest collaborates with Hetch in Helsingborg as part of its national incubator network for angel investment programs in Sweden.
- Krinova (Kristianstad)supportingSaminvest partners with Krinova in Kristianstad as part of its network of incubators supporting angel investment programs across Sweden.
- Invest EuropesupportingSaminvest is a member of Invest Europe, the European venture capital and private equity association, contributing to industry development and adhering to the organization's guidelines.
- European Women in VCsupportingSaminvest is a member of European Women in VC, supporting gender equality in the venture capital industry.
- Nordic Venture NetworksupportingSaminvest is a member of Nordic Venture Network, contributing to the development of the Nordic venture capital ecosystem.
- SVCA (Swedish Venture Capital Association)supportingSaminvest is a member of SVCA, the Swedish Venture Capital Association, contributing to industry standards, governance, and transparency in the Swedish VC sector.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Saminvest competitors and assessment
Company assessmentDirect peers
- European Investment Fund (EIF): EIF is the EU's fund-of-funds vehicle that provides LP commitments to VC and growth funds across Europe. EIF co-invests with Saminvest in funds such as Luminar Ventures and is referenced as a co-investor alongside Saminvest in the EIF National Promotional Institution Equity Platform.
- Argentum Asset Management: Argentum is the Norwegian state-owned investor that co-invested with Saminvest as anchor investors in Hadean Ventures' first life science fund (2017). Both entities serve as state-backed anchors for Nordic VC fund managers.
- KfW Capital: KfW Capital is the German state-owned fund-of-funds that invests in German and European VC funds with a mandate to strengthen the German venture capital ecosystem — directly comparable to Saminvest's mandate in Sweden.
Broad incumbents
- Bpifrance: Bpifrance is the French state-owned investment bank that invests across VC, growth, and direct equity to support French enterprise. While broader in scope than Saminvest, it serves an analogous state-backed capital provision role for the domestic French ecosystem.
- British Business Bank: The British Business Bank is a UK government-owned development bank that provides fund-of-funds commitments to UK VC managers. It serves a comparable role to Saminvest for the UK VC ecosystem, with a wider mandate including debt and patient capital.
- Enterprise Ireland: Enterprise Ireland is the Irish state agency that supports Irish enterprise development, including investments in VC and seed funds targeting Irish companies — comparable state-owned investor with a similar national mandate to Saminvest.
Regional players
- Scottish Enterprise: Scottish Enterprise is Scotland's national economic development agency, operating state-backed co-investment funds for Scottish startups. It is a regional analog of Saminvest with a narrower sub-national geographic mandate.
Others
- Almi Invest: Almi Invest is a Swedish state-owned investment company that makes direct early-stage investments, distinct from Saminvest's fund-of-funds model. As a domestic Swedish state investor, it is a complementary ecosystem participant and Saminvest team members (e.g., Amanda Bolander) have prior Almi background.
- AP6 (Sixth Swedish National Pension Fund): AP6 is a Swedish state-affiliated pension fund that allocates to unlisted equity including VC funds in Sweden. It is an institutional investor in the same domestic VC fund managers Saminvest anchors, complementing rather than competing with Saminvest.
Emerging players
- Yozma Group: Yozma was Israel's pioneering state-backed VC fund-of-funds launched in 1993, widely credited with catalyzing the Israeli VC ecosystem. It is a historical template for state-driven VC ecosystem development that Saminvest's model resembles in form and intent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Saminvest social profiles
Digital presenceSaminvest financial estimates
Financial estimateRevenue estimate
Valuation estimate
Saminvest leadership team
Management profileNumber of profiles
Profiles11 records
Saminvest subsidiaries and ownership
Company hierarchySubsidiaries4 records
Saminvest funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Saminvest M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Saminvest
What does Saminvest do?
Saminvest is a 100% state-owned Swedish venture capital company that invests as an anchor limited partner in privately managed venture capital funds and supports angel investment programs linked to Swedish incubators. It manages approximately SEK 6 billion across 31 funds and 7 angel programs (15 angel investment corporations) covering pre-seed to growth phases in tech, life science, and impact sectors. The company targets market-rate returns and acts as a catalyst to mobilize private co-investment in segments where capital supply is insufficient in Sweden.
Is Saminvest a public or private company?
Saminvest is a private company. It is classified as state government owned and is currently operating.
When was Saminvest founded?
Saminvest was founded in 2016.
Where is Saminvest based?
Saminvest is headquartered in Stockholm, Sweden, in the Europe region.
How does Saminvest make money?
One revenue line is on record: investment returns from fund portfolio.
Who are Saminvest's main competitors?
Direct peers on record are European Investment Fund (EIF), Argentum Asset Management and KfW Capital. Broad incumbents are Bpifrance, British Business Bank and Enterprise Ireland. Scottish Enterprise is listed as a regional player. Others are Almi Invest and AP6 (Sixth Swedish National Pension Fund). Yozma Group is listed as an emerging player.
Does Saminvest have an API?
No public API is recorded for Saminvest.
What industry is Saminvest in?
Saminvest's product category is Government-Backed Venture Capital (Fund-of-Funds and Angel Co-Investment). Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds, with a secondary code of FSANACAA, Technology & Software Growth Equity. Its NAICS code is 8139 and its SIC code is 6799.