Bergs Securities

What Bergs Securities does

Bergs Securities is a Nordic independent investment banking firm headquartered in Stockholm, Sweden, founded in 2017 under the name Hagberg & Aneborn Fondkommission and rebranded in September 2024. The firm is licensed and regulated by Finansinspektionen (the Swedish Financial Supervisory Authority) and serves Nordic small-cap issuers, with disclosed client concentration in life science and technology. Its team is composed of approximately nine senior professionals, each with prior investment banking experience at firms including Erik Penser Bank, Redeye, and Danske Bank. The firm has raised more than SEK 600 million for Nordic growth companies since October 2023.

The firm operates three service lines: Corporate Finance Advisory (capital raising and M&A mandates), Issuer Services (shareholder and corporate communications support for listed companies), and Certified Adviser services (a regulated advisory role required for issuers on Nasdaq First North). Disclosed clients span life science issuers such as Nanologica, SciBase, Vivesto, Neola Medical, Paxman, Chordate Medical, NanoEcho, Abliva, and Enzymatica, alongside technology issuers including SmartEye, Anoto, Goodbye Kansas Group, and Sileon. Eiffel Investment Group is identified as a recurring capital partner across mandates. The product is fundamentally a regulated advisory and capital intermediation service rather than a software or platform product.

Bergs generates revenue through transaction-based advisory fees on capital raises and M&A, retainers on Certified Adviser and ongoing Issuer Services mandates, and other capital markets advisory engagements. Pricing follows conventional investment banking convention, blending success-dependent transaction fees with retainer-based recurring mandates. The firm is privately held and founder-owned; no public financial disclosures, revenue figures, or valuation data are available.

Name

Bergs Securities

Legal name

Bergs Securities AB

Website

https://bergssecurities.se

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Bergs Securities is a Stockholm-based Nordic investment bank, regulated by Finansinspektionen, providing corporate finance advisory, issuer services, and Certified Adviser services primarily to Nordic small-cap life science and technology companies.

Ownership category

akta.pro rank

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Corporate Finance Advisory: Fees earned from acting as financial adviser, sole manager, bookrunner, or joint bookrunner in equity transactions including rights issues, directed share issues, private placements, M&A advisory, and strategic advisory for public companies.
2. Issuer Services: Administration and processing of corporate action events for Euroclear Sweden-affiliated securities throughout their lifecycle, including IPOs, rights issues, warrant exercises, convertible debentures, and incentive programs.
3. Certified Adviser Services: Mandatory advisory services for Nasdaq First North Growth Market listed companies, providing guidance through the listing process and ongoing compliance support. Bergs Securities acts as Certified Adviser for multiple listed companies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Bergs Securities is a Nordic independent investment bank providing corporate finance advisory, issuer services, and Certified Adviser services to public and pre-IPO companies in life science, tech, and adjacent sectors across Sweden, Norway, Denmark, and Finland. The firm acts as financial adviser, sole manager, bookrunner, and joint bookrunner on equity transactions including rights issues, directed share issues, private placements, IPOs, and M&A, and processes corporate action events for Euroclear Sweden-affiliated securities.

Product overview

Bergs Securities is a Nordic independent investment banking firm offering three interconnected service lines: Corporate Finance Advisory (strategic financial advice for growth companies in life science, tech and adjacent sectors), Issuer Services (corporate action administration for Euroclear Sweden securities), and Certified Adviser services (compliance guidance for Nasdaq First North listed companies). The firm acts as financial adviser, bookrunner, and sole manager on capital market transactions including rights issues, directed share issues, and private placements.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Finance Advisory Strategic financial advisory for public companies within life science, tech, and adjacent sectors across Nordic countries, including capital raisings, IPOs, equity issues, private placements, and M&A advisory. Bergs Securities acts as financial adviser, sole manager, bookrunner, or joint bookrunner in these transactions.
• Issuer Services Administration and processing of all corporate action events for Euroclear Sweden-affiliated securities throughout their lifecycle, including IPOs, rights issues, directed share issues, stock splits, convertible debentures, warrant exercises, and incentive programs.
• Certified Adviser Mandatory advisory and compliance services for Nasdaq First North Growth Market listed companies, guiding companies through the listing application process and providing ongoing support to ensure compliance with Nasdaq rules and regulations.

Quantifiable outcome

• Over SEK 600 million raised for Nordic small cap companies since October 2023

Named customers18 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• NY VFXWAALAminorStrategic or Co-development Partner · 23 April 2024In connection with Goodbye Kansas Group's rights issue and convertible debentures transaction, Goodbye Kansas entered into a strategic partnership with NY VFXWAALA including an agreement to establish a Joint Venture in India. NY VFXWAALA is an award-winning post-production studio specializing in visual effects and DI.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Danske Bank Corporate Finance: Major Nordic universal bank with Corporate Finance and Equity Capital Markets services across the Nordics. Competes for larger Nordic mid-cap mandates, and is a former employer of senior Bergs bankers.
• SEB Corporate Finance: Large Nordic universal bank with a Corporate Finance division covering ECM, M&A and advisory across the Nordics. Provides broader, balance-sheet-backed capabilities than Bergs but competes for the same mid-cap Nordic mandates.

Direct peers

• Mangold Fondkommission: Swedish broker and investment bank focused on Nordic small-cap companies, providing Corporate Finance, ECM and Certified Adviser services on Nasdaq First North. Direct competitor for Bergs Securities' Certified Adviser and advisory mandates.
• ABG Sundal Collier: Nordic and European investment bank with a dedicated mid- and small-cap Corporate Finance franchise in the Nordics. Competes for advisory, rights issues and block trades in Nordic life science and tech.
• Redeye: Swedish equity research and investment bank focused on Nordic small- and mid-cap companies, with deep life science/tech coverage and ECM execution. Direct competitor for advisory and bookrunning mandates, and a former employer of multiple Bergs Securities senior bankers.
• Carnegie Investment Bank: Leading Nordic investment bank with extensive Corporate Finance and Equity Capital Markets capabilities across the Nordics, including Certified Adviser services. Competes for the same mid-cap Nordic ECM, M&A and advisory mandates that Bergs targets.
• Pareto Securities: Nordic investment bank with strong Corporate Finance, ECM and M&A capabilities across Sweden, Norway and Denmark. Direct competitor for Nordic mid-cap advisory and bookrunning mandates, including in life science.
• Arctic Securities: Nordic investment bank providing Corporate Finance and Equity Capital Markets services to mid-cap companies, with growing focus on life science and tech. Overlaps with Bergs Securities in Nordic ECM and advisory mandates.
• Aktieinvest FK AB: Swedish broker-dealer offering Certified Adviser and Corporate Finance services to Nordic growth companies. Direct competitor in the Certified Adviser and small-cap ECM space; Rutger Ahlerup, who leads Bergs' CA function, previously headed CA at Aktieinvest.
• Erik Penser Bank: Nordic independent full-service bank and broker with a strong Corporate Finance franchise focused on small- and mid-cap public companies in life science and tech. Direct competitor for ECM and advisory mandates; Bergs' corporate finance team is largely staffed by former Penser bankers.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bergssecurities/?viewAsMember=true

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Bergs Securities