Saminvest

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.

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

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

• Venture capital funds
• Anchor investments
• Fund of funds
• Angel investment programs
• Government-backed venture capital

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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

Core 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

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core and supporting.

• Arctic Business (ABI) IncubatorcoreChannel Partner/ Reseller/ DistributorSaminvest 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 IncubatorcoreChannel Partner/ Reseller/ DistributorSaminvest 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)coreChannel Partner/ Reseller/ DistributorSaminvest 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)coreChannel Partner/ Reseller/ DistributorSaminvest 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)coreChannel Partner/ Reseller/ DistributorSaminvest 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)coreChannel Partner/ Reseller/ DistributorSaminvest 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)coreChannel Partner/ Reseller/ DistributorSaminvest 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)supportingChannel Partner/ Reseller/ DistributorSaminvest 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)supportingChannel Partner/ Reseller/ DistributorSaminvest 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 ParksupportingChannel Partner/ Reseller/ DistributorSaminvest 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)supportingChannel Partner/ Reseller/ DistributorSaminvest collaborates with Hetch in Helsingborg as part of its national incubator network for angel investment programs in Sweden.
• Krinova (Kristianstad)supportingChannel Partner/ Reseller/ DistributorSaminvest partners with Krinova in Kristianstad as part of its network of incubators supporting angel investment programs across Sweden.
• Invest EuropesupportingStrategic or Co-development PartnerSaminvest 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 VCsupportingStrategic or Co-development PartnerSaminvest is a member of European Women in VC, supporting gender equality in the venture capital industry.
• Nordic Venture NetworksupportingStrategic or Co-development PartnerSaminvest is a member of Nordic Venture Network, contributing to the development of the Nordic venture capital ecosystem.
• SVCA (Swedish Venture Capital Association)supportingStrategic or Co-development PartnerSaminvest 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

Direct 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

• LinkedInlinkedin.com/company/saminvest-ab

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Saminvest