E14 Invest

What E14 Invest does

E14 Invest is a Swedish co-investment company (saminvesteringsbolag) headquartered in Åre, Sweden, founded in 2017 and operating with 11-50 employees. The firm invests in scalable growth companies across Sweden, with a particular focus on the Norrland region and the area along European Route E14. Its model is distinctive in that shareholders (delägare) contribute both financial capital and human capital—competence, networks, and operational expertise—alongside the fund's monetary investment. The firm manages three sequential fund vehicles (E14 Invest, E14 Invest II, and E14 Invest III), each with its own investment managers and board composition, indicating a repeated fund-raise cadence targeting long-term, sustainable returns paired with regional entrepreneurship impact.

E14 Invest's portfolio spans 22+ named companies across highly diverse sectors, including database/search software (Vesiro), AI-driven energy optimization, digital health (Eatit, Picterus), renewable energy (Sunna Group, Holyvolt), materials science (Granode, 2D Fab, Jord Innovation), wildlife management AI (Flox), sports analytics, and gaming. The firm explicitly states that industry and company size are not the primary selection criteria; instead, it prioritizes sustainable values, long-term growth goals, and the presence of a competent team with a credible business plan. Companies typically apply by emailing the firm's investment lead ([email protected]) with a company description, organization number, business location, and pitch deck.

The business model is a hybrid of regional venture capital and operator-led value-add: the firm provides capital and taps into a diversified network of co-owners across multiple industries and backgrounds, while also partnering with other regional investment and innovation actors such as Almi Invest, Peak Innovation, and House Be to strengthen the support ecosystem for portfolio companies. Revenue is generated through conventional fund economics (management fees and, on exits, carried interest), though the firm does not publicly disclose AUM, fee rates, or returns. Go-to-market is relationship-driven rather than product-driven, relying on direct outreach, regional reputation, and the inbound application channel, with LinkedIn as the primary public-facing marketing channel.

Name

E14 Invest

Legal name

E14 Invest

Website

https://e14invest.se

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

E14 Invest is a Swedish co-investment company based in Åre that deploys capital and human capital from a diverse shareholder base into scalable growth companies, with a focus on the Norrland region and E14 corridor. It manages three fund vehicles and a portfolio of 20+ companies across energy, AI, biotech, and software.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity

NAICS

Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

akta.pro secondary industries

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

Keywords

• Venture capital investing
• Co-investment company
• Growth equity investments
• Private equity funds
• Early-stage investment

Headquarters

HQ city

Jämtland

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Marketing channels1 record

Core offering

E14 Invest is a co-investment company (saminvesteringsbolag) headquartered in Åre, Sweden, that invests financial capital and human capital (competence and networks) in scalable growth companies across Sweden, with a particular focus on the Norrland region and the area along European route E14. The firm operates three fund vehicles (E14 Invest, E14 Invest II, E14 Invest III) and actively sources new portfolio companies through direct applications and regional partnerships.

Product overview

E14 Invest is a Swedish co-investment company based in Åre that invests in scalable growth companies across Sweden, with a particular focus on the Norrland region and the area along European route E14. The company does not develop its own products or technology; rather, it is an investor in portfolio companies spanning diverse sectors including database technology (Vesiro), AI-driven energy optimization (Fifty Energy), digital health (Eatit, Picterus), renewable energy (Sunna Group, Holyvolt), materials science (Granode, 2D Fab, Jord Innovation), wildlife management (Flox), sports analytics (Football Analytics/Playmaker), and various other technology ventures. E14 Invest's portfolio includes companies across industries such as healthcare, energy, sustainability, gaming, and enterprise software.

Differentiator

Problem solved

Functional benefit

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Almi InvestcoreStrategic or Co-development PartnerAlmi Invest is a co-investment partner that E14 Invest collaborates with to strengthen the positive effect they want to achieve for their co-owners, portfolio companies, and the region. Almi Invest is also mentioned as an investor in E14 Invest portfolio company Flox.
• Peak InnovationminorStrategic or Co-development PartnerPeak Innovation is a partnership through which E14 Invest aims to strengthen the positive effects for co-owners, portfolio companies, and the region through collaborative partnerships.
• House BeminorStrategic or Co-development PartnerHouse Be is a partnership collaboration that E14 Invest uses to create win-win situations for all parties involved, strengthening regional entrepreneurship and investment impact.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Industrifonden: Nordic venture and growth capital investor with a focus on deep-tech, life sciences, and sustainability. Larger fund size and longer track record than E14 Invest; co-invested with E14 in Vesiro's seed round.
• Chalmers Ventures: University-linked venture firm in Gothenburg that invests in and incubates deep-tech and tech-enabled startups, with a broader sector mandate and larger fund vehicles than E14 Invest. Co-invested with E14 Invest in Vesiro.
• Saminvest: Swedish state-owned investment company that invests in venture capital and private equity funds targeting Swedish growth companies. Operates as a fund-of-funds and direct investor, providing a larger, more institutional analogue to E14 Invest's co-investment model.

Direct peers

• Norrsken Foundation: Sweden-based impact-focused foundation/accelerator backing startups with positive social or environmental impact. Operates Norrsken Accelerate, which co-invested with E14 in Flox. Comparably mission-driven and Sweden-anchored, though with a stronger explicit impact mandate.
• Almi Invest: Swedish state-backed venture capital firm investing in early-stage growth companies across Sweden. Almi Invest is both a direct competitor for Swedish deal flow and an active co-investment partner of E14 Invest, making it the most structurally comparable peer in terms of mandate, geography, and check size.
• House Be: Swedish-based regional ecosystem builder supporting entrepreneurs and startups, often through partnerships with local investors. Listed as a strategic partner of E14 Invest; operates in a similar regional development capacity within the Swedish innovation ecosystem.
• Peak Innovation: Regional Swedish innovation/venture intermediary that supports early-stage companies and provides co-investment partnerships. E14 Invest lists Peak Innovation as a core strategic partner, making it a directly comparable regional innovation platform.
• Norrlandsfonden: Swedish regional development fund providing venture capital and loans to growth companies based in northern Sweden (Norrland). The most direct geographic peer to E14 Invest's Norrland-focused mandate, though structured as a state-backed fund rather than a private co-investment company.

Emerging players

• KIC InnoEnergy: European sustainable energy investor with a focus on renewable energy, storage, and clean-tech ventures. Compares to E14 Invest's portfolio exposure to renewable energy companies such as Sunna Group and Holyvolt, though operating at a much larger European scale.

Regional players

• Unconventional Ventures: Nordic venture firm investing in impact-driven and tech-enabled startups. Led Flox's ~$1M seed round in which E14 Invest participated. Comparable early-stage focus and Nordic geographic mandate, though with an explicit impact/sustainability lens.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/e14-invest-ab/?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments6 records

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

Frequently asked questions about E14 Invest