The in-flight entertainment system industry in the Nordics is gaining momentum, fostering enhanced passenger experiences aboard airplanes. Companies in this sector include manufacturers of hardware and software solutions, as well as content providers offering a variety of films, games, and interactive services. Recent advancements in technology have driven innovation in wireless streaming, virtual reality, and personalized content delivery, with a focus on sustainability. Airlines are increasingly prioritizing passenger engagement and comfort, signaling a shift towards integrating new technologies to cater to modern travel preferences. The industry is anticipated to continue evolving, with an emphasis on connectivity and enhanced user interfaces.


Across the Nordics, a mix of venture capital and private equity investors is backing the in-flight entertainment system industry. Investors range from sizable firms like EQT Group, headquartered in Stockholm, to smaller ventures like Superhero Capital in Helsinki. Most firms were founded in the past two decades, with notable activity in 2024, reflecting a keen interest in tech-driven aviation solutions. With investments sizes varying, from startups with 1-10 employees to larger firms employing up to 5,000, the variety provides robust support for this expanding sector.


Top 10 in Flight Entertainment System Investors in the Nordics


1. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the aviation sector, including the acquisition of EIS Aircraft Group, which focuses on products and services for civil and military aviation, such as cabin interiors and maintenance services. This acquisition highlights EQT's commitment to enhancing the aviation experience, which is closely tied to in-flight entertainment systems. Additionally, EQT's investment in Unilode Aviation Solutions, a company that raised funds to improve aircraft cabin management, further demonstrates their engagement in the aviation industry, particularly in areas that intersect with in-flight entertainment.


2. Superhero Capital


Superhero Capital is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2015. The firm specializes in seed funding for software-driven startups in the New Nordics region, providing financial backing and strategic support to entrepreneurs. Superhero Capital aims to empower founders and foster innovation in the technology sector. Notably, they have been involved in several transactions, including significant investments in Lygg, an air mobility startup that raised €3.6 million to expand its private aircraft routes in Europe. This investment highlights their interest in the aviation sector, which is closely related to in-flight entertainment systems. Additionally, they have supported AISPECO, a Lithuanian startup, in multiple funding rounds, showcasing their commitment to nurturing innovative companies. Their focus on technology and innovation positions them as a potential player in the evolving landscape of in-flight entertainment.


3. EQT Ventures

  • Website: eqtventures.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: eqt-ventures

EQT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2015. The firm specializes in investing in early-stage tech startups, providing not only financial support but also operational assistance to entrepreneurs. EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, EQT Ventures has participated in significant funding rounds for companies like Heart Aerospace, which is developing hybrid-electric aircraft, raising $107 million in Series B funding in 2024. This investment aligns with the evolving landscape of aviation technology, which could impact in-flight entertainment systems. Additionally, EQT Ventures has invested in Varjo, a company creating high-end enterprise XR headsets, which may have applications in enhancing in-flight entertainment experiences. These transactions highlight EQT Ventures' commitment to technology-driven solutions that could intersect with the in-flight entertainment industry.


4. Inventure

  • Website: inventure.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: inventure

Inventure is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2005. The firm specializes in backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been actively involved in various sectors, including traveltech, as demonstrated by its recent investment in Reveel, which secured $650k to expand its team and explore new revenue models in the Finnish market. Additionally, Inventure has participated in funding rounds for companies like Commsignia, which focuses on V2X innovations, potentially relevant to the connectivity aspects of in-flight entertainment systems. Overall, Inventure's diverse investment strategy and involvement in travel-related technology suggest a potential alignment with the in-flight entertainment system industry.


5. CBC Investment Group AB

  • Website: cbcgroup.se
  • Type: Venture Capital
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 2010
  • Headcount: 11-50
  • LinkedIn: cbc-investment-group

CBC Investment Group AB is a venture capital firm based in Gothenburg, Västra Götaland, Sweden, founded in 2010. The firm specializes in providing funding for various sectors, including technology and services. Notably, CBC Investment Group has invested in Inflight VR Software GmbH, a virtual reality startup that focuses on enhancing in-flight entertainment experiences through immersive technology. This investment, announced on August 12, 2019, highlights CBC's interest in innovative solutions that can be applied in the aviation sector. Additionally, they participated in a seed round for imitera in January 2021, although this transaction is less directly related to in-flight entertainment. Overall, CBC Investment Group AB demonstrates a willingness to engage with emerging technologies that could impact the in-flight entertainment industry.


6. Kinnevik

  • Website: kinnevik.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1936
  • Headcount: 11-50
  • Number of deals in 2024: 10
  • LinkedIn: investment-ab-kinnevik

Kinnevik is a Stockholm-based venture capital investment company founded in 1936. They partner with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech, providing both capital and operational support to help these companies scale and create long-term value. Kinnevik's investment strategy focuses on redefining industries and addressing pressing global challenges. Notably, Kinnevik has made significant investments in travel-related companies, such as Gordian Software, which raised $25 million to enhance travel software solutions, and Omio, which has raised substantial funding to expand its travel services. Additionally, Kinnevik has invested in TravelPerk, a travel management platform that raised $200 million in a Series E round, indicating their commitment to the travel sector, which is closely linked to in-flight entertainment systems.


7. Ifs

  • Website: ifs.com
  • Type: Corporate
  • Headquarters: Sweden
  • Founded year: 1983
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: ifs

IFS is a corporate investor based in Sweden, founded in 1983, specializing in enterprise software solutions across various industries, including Aerospace, Energy, Construction, and Manufacturing. Their offerings, such as IFS Cloud, Asset Management, and Field Service Management, are designed to optimize operations and enhance service delivery for businesses. Notably, IFS has made significant acquisitions that align with the aviation sector, including the acquisition of Mxi Technologies Ltd., a leading provider of maintenance management software for the aviation industry, announced in December 2016. This acquisition enhances IFS's capabilities in the aviation domain, which is relevant to in-flight entertainment systems. Additionally, IFS's recent acquisition of EmpowerMX in July 2024 further demonstrates their commitment to expanding their footprint in industries that intersect with aviation and potentially in-flight entertainment.


8. Dreamcraft Ventures

  • Website: dreamcraft.vc
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: bumbleventures

Dreamcraft Ventures is a venture capital firm based in Copenhagen, Denmark, founded in 2019. They specialize in investing in tech-driven companies across various sectors, including gaming, esports, and B2B SaaS. Dreamcraft Ventures not only provides capital but also offers strategic guidance to early-stage tech companies. Among their notable transactions, they invested in NeoKe, a travel technology startup that raised €1.3 million to create a platform aimed at making travel smoother, which includes products like NeoKe Wallet and NeoKe Connect. This investment highlights their interest in the travel industry, which is closely related to in-flight entertainment systems. They also invested in AirHelp, a company focused on travel-related services, further indicating their engagement in the travel sector.


9. Nordic Eye Venture & Growth Capital

  • Website: nordiceye.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: nordic-eye

Nordic Eye Venture & Growth Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2016. The firm specializes in investing in growth companies within the technology and lifestyle sectors, providing capital and strategic support to startups to help them scale and achieve market fit. Notably, Nordic Eye led an investment in AirHelp, a startup focused on providing online legal services for air passengers, which aligns with the aviation industry and indirectly with in-flight entertainment. They have also invested in companies like Blue Ocean Robotics and Zycada, which, while not directly related to in-flight entertainment, showcase their commitment to innovative technology solutions. Their approach emphasizes high revenue potential and close collaboration with portfolio companies to drive growth and successful exits.


10. Nexit Ventures

  • Website: nexitventures.com
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1999
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: nexit-ventures

Nexit Ventures is a venture capital firm based in Helsinki, Finland, founded in 1999. The firm specializes in investing in disruptive and scalable technology companies across Europe, providing both capital and advisory services to startups and growth-stage businesses. Nexit Ventures employs an Activist VC approach, which emphasizes hands-on involvement to enhance the success of their portfolio companies. They have a transatlantic presence, operating from the Nordic countries and Silicon Valley, which allows them to tap into a wide range of investment opportunities. Notable transactions include investments in Rightware, which raised funds for developing its Kanzi UI Solution, a technology that could be applicable in the in-flight entertainment context. Other investments include Aava Mobile and Ekahau, showcasing their focus on technology-driven companies.



in Flight Entertainment System Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Superhero CapitalHelsinki, Uusimaa, Finland1-1020157
EQT VenturesStockholm, Stockholm, Sweden11-50201528
InventureHelsinki, Uusimaa, Finland11-5020059
CBC Investment Group ABGothenburg, Västra Götaland, Sweden11-5020100
KinnevikStockholm, Stockholm, Sweden11-50193610
IfsSweden5001-1000019832
Dreamcraft VenturesCopenhagen, Denmark11-5020195
Nordic Eye Venture & Growth CapitalCopenhagen, Denmark11-5020160
Nexit VenturesHelsinki, Uusimaa, Finland1-1019991


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