The digital printing industry in the Nordics focuses on innovative printing technologies, enabling high-quality, customized printing solutions. Companies range from established firms to dynamic startups, catering to sectors like packaging, advertising, and textiles. With advancements in inkjet, 3D printing, and sustainable materials, the industry is pushing boundaries in efficiency and creativity. Sustainability trends are prompting businesses to seek eco-friendly printing methods, ensuring a durable future for the industry. As digital transformation takes hold, the market is expected to grow substantially, offering opportunities for investment and collaboration to meet evolving consumer demands.


The investment landscape for digital printing in the Nordics features a mix of private equity firms, venture capitalists, and corporate investors. The majority are based in Sweden, with a significant presence in Finland and Denmark. These entities range in size from small teams of fewer than 10 to large firms employing thousands. Established from the late 20th century onward, many have been actively investing, with 2024 recorded deals indicating robust engagement. Investors like EQT Group have made substantial moves, reflecting a strong interest in this sector.


Top 13 Digital Printing Investors in the Nordics


1. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among their notable transactions, Almi invested in Zyyx 3D Printer, which raised $451,395 in a venture round in 2017, highlighting their engagement in the digital printing sector. Additionally, they have supported various startups, including Once Upon Publishing and Rapid Dimension, which, while not exclusively focused on digital printing, indicate Almi's willingness to invest in innovative technologies and businesses that may intersect with the digital printing industry.


2. 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 founded in 1994, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Based in Stockholm, Sweden, EQT serves institutional investors by managing diverse investment portfolios across various sectors and geographies. Among their notable transactions, EQT acquired Contex in 1999, a company known for its large format scanning and printing solutions, which directly relates to the digital printing industry. More recently, in 2023, EQT Growth acquired GotPhoto, a technology platform that enhances digital photography solutions, further indicating their engagement with digital technologies. These transactions highlight EQT's strategic interest in sectors that intersect with digital printing, making them a relevant player in this field.


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 founded in 2015, based in Stockholm, Sweden, specializing in early-stage tech startups. They provide financial support and operational assistance to entrepreneurs, helping them navigate the challenges of building successful businesses. With a focus on technology, EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, EQT Ventures has invested in Hubs, a company that operates in the 3D printing space, participating in multiple funding rounds, including a Series C round in 2019 and a Series B round in 2016. Additionally, they have invested in Frontify, which, while not directly related to digital printing, operates in the broader tech ecosystem that may intersect with digital design and branding, relevant to the printing industry. Their diverse portfolio and involvement in tech-driven companies suggest a potential interest in the digital printing sector.


4. HL Display - The better shopping experience

  • Website: hl-display.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2001
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: hl-display-ab

HL Display - The better shopping experience is a corporate investor based in Stockholm, Sweden, specializing in retail technology and innovative merchandising solutions for retailers and brands. Founded in 2001, the company has a workforce of 1001-5000 employees and has made significant strides in enhancing in-store environments to improve customer experiences and drive sales. In 2023, HL Display acquired Oechsle Display Systems and its sister company, werba print & display, as part of its strategy to expand its presence in Germany and strengthen its position in the European market for in-store merchandising solutions. Additionally, they acquired Allied POS, a provider of Point of Sale solutions in Ireland, to bolster their market position in grocery retail. In early 2024, HL Display is set to finalize the acquisition of pr trading-Flekota A/S, further enhancing its European presence. These transactions highlight HL Display's commitment to integrating digital printing capabilities into their merchandising solutions, making them a relevant player in the digital printing sector.


5. Elanders

  • Website: elanders.com
  • Type: Corporate
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 1908
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: elanders

Elanders is a corporate investor based in Gothenburg, Sweden, founded in 1908. The company operates in the logistics and printing sectors, providing integrated solutions within supply chain management across various industries, including Automotive, Electronics, and Health Care. Elanders has made significant acquisitions to bolster its presence in the printing industry, such as the acquisition of SCHMID Druck + Medien in 2015, which specializes in advanced packaging and unique print solutions. Additionally, their acquisition of Mentor Media in 2014, a company that likely engages in various printing services, further emphasizes their commitment to expanding their capabilities in this field. Other notable acquisitions include fotokasten and Asiapack, which also align with their strategy to enhance their printing services. Overall, Elanders is positioned as a key player in the printing industry, particularly in areas relevant to digital printing.


6. Accent Equity


Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment. Accent Equity aims to create sustainable growth and superior returns for its clientele across various sectors. Notably, in January 2024, Accent Equity acquired a majority stake in Plockmatic Group, a company involved in digital printing solutions, highlighting their active engagement in the digital printing industry. Additionally, they have a history of acquisitions, including ScandBook Holding and Lyngsoe Systems, which further demonstrates their capability and strategic approach to investment management.


7. Huhtamaki

  • Website: huhtamaki.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 1920
  • Headcount: 10001+
  • LinkedIn: huhtamaki

Huhtamaki is a Finnish corporate investor specializing in sustainable food packaging solutions, founded in 1920 and headquartered in Espoo, Uusimaa, Finland. With over 10,000 employees, Huhtamaki primarily serves the food service industry, providing a diverse range of products including disposable tableware, flexible packaging, and molded fiber packaging. Notably, Huhtamaki has made significant investments to enhance its capabilities in digital printing, such as the acquisition of a 70% stake in CupPrint for €22 million in 2018, aimed at improving their digitalization capabilities and expanding market reach. Additionally, their acquisitions of Ajanta Packaging and Jiangsu Hihio-Art Packaging further demonstrate their commitment to strengthening their product portfolio, which may include digital printing applications in packaging. These transactions highlight Huhtamaki's strategic interest in integrating digital technologies into their packaging solutions.


8. 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 focuses on backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Notable transactions include investments in ThingLink, an image tagging platform that has raised multiple rounds of funding, including a seed round aimed at developing an in-image advertising network. This aligns with digital printing as it involves enhancing visual content, which is a key aspect of digital printing technologies. Additionally, Inventure's recent investment in Reveel, a traveltech startup, indicates their active engagement in supporting innovative tech solutions. While their primary focus may not be solely on digital printing, their portfolio includes companies that operate in adjacent fields, making them a relevant player in the digital printing investment landscape.


9. Partnerinvest Norr


Partnerinvest Norr is a venture capital firm founded in 2009, specializing in investing in scalable business models and driven entrepreneurial teams. Based in Sweden, they primarily focus on businesses located in Västerbotten and Norrbotten, providing capital and support to help these companies grow and expand their market presence. Partnerinvest Norr collaborates with private investors to enhance their investment capacity. Notably, they have participated in funding rounds for Once Upon Publishing, a digital service for photo album creation, which raised $1.7M in a Series A round in 2019 and $560,000 in a Seed round in 2018. This involvement highlights their interest in the digital printing sector, as the service directly relates to creating printed products from digital content. Additionally, they have invested in Storigo AB, although the details of that investment are less relevant to digital printing.


10. Heartcore Capital

  • Website: heartcore.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: heartcorecapital

Heartcore Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investing in early-stage technology companies, providing both capital and guidance to entrepreneurs throughout their business journey. Heartcore Capital has a global reach and emphasizes building long-term relationships with founders. Notably, they have been involved in significant transactions within the digital printing context, such as their investments in Issuu, which raised $10.25 million in Series A funding in 2007 and $10 million in Series B funding in 2014, and Templafy, which raised $2.5 million in 2014, $1.65 million in 2015, and $15 million in Series B funding in 2018. These investments highlight Heartcore's engagement with companies that contribute to the digital printing and document management sectors.


11. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in providing consulting services across various sectors, including technology and consumer products, with a focus on enhancing operational efficiency and sustainable growth through tailored investment strategies and digital transformation solutions. Notably, Altor has made significant investments in the digital printing context, including the acquisition of TRESU Group in 2017, which manufactures high-performance flexographic printing machines. This acquisition highlights their commitment to the printing industry. Additionally, Altor has been involved in transactions with companies like Papyrus and OptiGroup, which, while primarily focused on paper and packaging distribution, further demonstrate their engagement in sectors related to printing and packaging.


12. Anoto

  • Website: anoto.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: anoto

Anoto Group AB, founded in 1999 and based in Stockholm, Sweden, is a corporate investor specializing in digital writing solutions and biometric authentication. The company has made significant strides in enhancing data capture and processing for various sectors, including education, healthcare, and financial services. Notably, Anoto acquired XMS Penvision AB, a Swedish software company focused on digital writing solutions, in July 2015, which expanded their capabilities in this domain. In November 2015, Anoto further strengthened its position by acquiring Livescribe, a digital pen maker, for $15 million. These strategic acquisitions highlight Anoto's commitment to advancing digital writing technologies, which are closely related to digital printing applications, making them a relevant player in the digital printing industry.


13. Industrifonden

  • Website: industrifonden.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1979
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: industrifonden

Industrifonden is a venture capital fund based in Stockholm, Sweden, founded in 1979. The firm specializes in investing in early-stage companies, particularly in the fields of Deep Tech, Life Science, and Transformative Tech. They provide financial support and strategic guidance to startups, helping them scale their innovative solutions. Notably, Industrifonden has invested in Freemelt, a Sweden-based metal 3D printing company, which completed a SEK 15M ($1.6M) capital investment round led by Industrifonden in September 2019. This investment highlights their engagement in the digital printing sector, showcasing their interest in cutting-edge technologies. Additionally, they have been involved in other ventures, such as Fibbl, which raised funds in 2025, although this transaction is less directly related to digital printing. Overall, Industrifonden focuses on creating long-term value through partnerships with passionate founders, and their investment in Freemelt positions them as a relevant investor in the digital printing industry.



Digital Printing Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
EQT VenturesStockholm, Stockholm, Sweden11-50201528
HL Display - The better shopping experienceStockholm, Stockholm, Sweden1001-500020012
ElandersGothenburg, Västra Götaland, Sweden5001-1000019082
Accent EquityStockholm, Stockholm, Sweden11-5019944
HuhtamakiEspoo, Uusimaa, Finland10001+19200
InventureHelsinki, Uusimaa, Finland11-5020059
Partnerinvest NorrSweden1-1020090
Heartcore CapitalCopenhagen, Denmark11-50200717
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
AnotoStockholm, Stockholm, Sweden51-20019990
IndustrifondenStockholm, Stockholm, Sweden11-5019799


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