The irrigation technology industry in the Nordics is characterized by its innovative approach to efficient water management. This sector comprises a variety of companies, from startups developing cutting-edge sensors to established firms providing comprehensive irrigation solutions. Many players focus on sustainability, integrating technology to optimize water use in agriculture. With increasing awareness of climate change and the necessity for sustainable practices, the industry is poised for robust growth. The incorporation of precision agriculture and automation is revolutionizing how water resources are managed, making it crucial for farmers to adapt to emerging technologies to stay competitive.


The list of top investors reflects a mix of corporate giants and venture capital firms, predominantly located in Stockholm and Oslo. Ranging in size from small teams to thousands of employees, these investors were founded between 1689 and 2021, with varied strategies in financing and technology. In 2024, they made a total of over 70 investments within the irrigation technology sector, signaling a strong interest in supporting agricultural efficiency and sustainability.


Top 13 Irrigation Technology 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, that provides loans, risk capital, and business development support to small and medium-sized enterprises. Founded in 1994, Almi aims to enhance the growth and competitiveness of these businesses through tailored financial solutions and guidance. Notably, Almi has invested in several companies within the irrigation technology sector, including Spowdi, which raised SEK 20 million for its energy-efficient, solar-powered water pump designed for small-scale farming. They also participated in funding Stockholm Water Technology, which focuses on market entry and product development in water management. Additionally, Almi invested in Aqua Robur Technologies, which is developing technology for efficient water quality measurement and leakage detection. These transactions highlight Almi's active role in supporting innovations that improve irrigation and water management practices.


2. Katapult

  • Website: katapult.vc
  • Type: Venture Capital
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: katapult-accelerator

Katapult is an impact investment firm based in Oslo, Norway, founded in 2017. They focus on tech startups that address global challenges, providing investment, accelerator programs, and mentorship to early-stage companies. Katapult has been active in various sectors, including climate-tech and ocean-tech, but they have also made significant investments in the agricultural technology space. Notably, they invested in Sand to Green, a Moroccan AgriTech startup, which raised $1 million in a Seed round to prepare for large-scale deployment of its projects in Morocco and Africa. Additionally, they supported Rural Farmers Hub, which raised $200,000 in a Seed round, indicating their commitment to enhancing agricultural practices. These transactions highlight Katapult's engagement with irrigation technology and related fields.


3. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company is part of an industrial group that focuses on developing and acquiring companies with high technical expertise across various technology and industrial sectors. Indutrade emphasizes long-term relationships with its customers and operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources. Notably, Indutrade has made significant strides in the irrigation technology sector through its acquisition of Crysberg A/S, a Danish company specializing in electronic control solutions for irrigation systems, in July 2016. This acquisition aligns with Indutrade's strategy to enhance its Measurement & Sensor Technology business area. Furthermore, the acquisition of OCI B.V. in July 2022, which specializes in customized assemblies for energy and water applications, further solidifies Indutrade's involvement in irrigation technology. These transactions highlight Indutrade's active role in the irrigation technology industry, making it a relevant investor in this space.


4. Husqvarna (China) Machinery Manufacturing Co., Ltd


Husqvarna (China) Machinery Manufacturing Co., Ltd is a corporate investor based in Stockholm, Sweden, specializing in outdoor power equipment for forest, park, and garden maintenance. Founded in 1689, the company has a long history of innovation and performance in its product offerings, which include chainsaws, lawn mowers, and robotic mowers. In recent years, Husqvarna has expanded its portfolio to include significant investments in irrigation technology. Notably, in October 2021, Husqvarna acquired Orbit Irrigation, a prominent provider of residential watering solutions, for USD 480 million, integrating it into its Gardena Division to create a global leader in residential watering. Additionally, Husqvarna has invested in Soil Scout Ltd, a startup focused on wireless soil moisture sensors, to help manage water resources effectively. Furthermore, the company participated in funding rounds for Moleaer, which develops nanobubble technology aimed at addressing climate change and water scarcity. These transactions highlight Husqvarna's strategic interest in irrigation technology, positioning it as a key player in this sector.


5. Addtech AB

  • Website: addtech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1906
  • Headcount: 1001-5000
  • Number of deals in 2024: 9
  • LinkedIn: addtech-ab

Addtech AB is a corporate investor based in Stockholm, Sweden, specializing in high-tech products and services across various sectors, including automation, electrification, energy, industrial solutions, and process technology. Founded in 1906, Addtech serves OEM manufacturers and end-users, helping them enhance operational efficiency and sustainability through innovative solutions. In 2023, Addtech made a significant move by acquiring an 80% stake in Kemic Vandrens A/S, a prominent supplier of water purification solutions in Denmark. This acquisition is expected to positively impact Addtech's earnings and highlights their commitment to the water sector, which is integral to irrigation technology. Additionally, Addtech has a history of acquiring companies that enhance their technological capabilities, further positioning them as a versatile player in the technology solutions market.


6. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. They focus on deep tech innovations and support researchers and entrepreneurs in commercializing their technology through various programs, providing business guidance, financing, and community networking. Chalmers Ventures emphasizes active ownership and investment in startups to help them scale and succeed in the market. Notably, they have been involved in several funding rounds for Aqua Robur Technologies, which specializes in technologies for efficient measurement of water quality and leakage detection, essential for effective irrigation practices. Their investments in Aqua Robur, including a Series A round in 2021 and multiple venture rounds in subsequent years, highlight their commitment to advancing technologies that can improve water management in agricultural contexts.


7. Munters

  • Website: munters.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1955
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: munters

Munters, founded in 1955 and based in Stockholm, Sweden, is a corporate investor specializing in climate control solutions that are energy-efficient and cater to both industrial and agricultural applications. The company has made significant strides in enhancing its FoodTech portfolio through strategic acquisitions. Notably, they signed an agreement to acquire Hotraco, a Dutch company that develops control systems and sensors specifically for the agricultural sector, which is expected to bolster their capabilities in irrigation technology. Additionally, Munters acquired Reventa, a German firm focused on climate control systems for livestock buildings, further emphasizing their commitment to agricultural efficiency. Their recent investments also include participation in funding rounds for companies like Qvantum and AgriWebb, which are involved in innovative agricultural technologies. This diverse investment strategy positions Munters as a key player in the agricultural technology landscape, including irrigation solutions.


8. Yara Growth Ventures


Yara Growth Ventures is a venture capital firm based in Oslo, Norway, founded in 2021. The firm focuses on investing in innovative startups and funds within the agriculture and clean hydrogen sectors. They provide financial support and strategic guidance to help their portfolio companies develop and scale their solutions. Yara Growth Ventures aims to facilitate significant advancements in sustainable agriculture and energy by leveraging their extensive network. Notable transactions include their investment in Ecorobotix, which raised $52 million for its AI-powered smart sprayer system, enhancing precision in agricultural practices, including irrigation. They also participated in the Series A funding for Sabanto, a company focused on driving autonomy in agriculture, which can include irrigation solutions. Their investment in Apollo Agriculture and Boomitra further demonstrates their commitment to supporting technologies that can improve agricultural efficiency and sustainability, including irrigation technologies.


9. Sdiptech

  • Website: sdiptech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Headcount: 1001-5000

Sdiptech AB is an infrastructure technology group based in Stockholm, Sweden, that specializes in providing technology, solutions, and services aimed at enhancing the efficiency and sustainability of infrastructure. The company focuses on acquiring and developing technology companies that contribute to societal growth, particularly in sectors related to infrastructure development. Notably, Sdiptech has made strategic acquisitions in the water treatment sector, including Kemi-tech ApS, which offers tailored chemical solutions for industrial water treatment, and Water Treatment Products Limited, a company focused on water treatment products. These acquisitions reflect Sdiptech's commitment to sustainable technologies and its potential relevance to the irrigation technology industry, as effective water management is essential for modern irrigation practices.


10. Finnfund

  • Website: finnfund.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 7
  • LinkedIn: finnfund

Finnfund is a not-for-profit development financier and impact investor based in Helsinki, Finland, founded in 1980. The organization focuses on creating sustainable futures by investing in companies that address global development challenges, particularly in developing countries. Finnfund provides investment and advisory services to promote economic growth and sustainability across various sectors. Notably, they have invested in Proximity Finance, which aims to support farmers in Myanmar by providing loans that could enhance agricultural practices, including irrigation. Additionally, their investment in Twiga Foods, a company that connects farmers to markets, also supports agricultural efficiency, which is relevant to irrigation technology. Their involvement with d.light, a solar energy startup, further emphasizes their commitment to sustainable solutions that can benefit agricultural practices, including irrigation. Overall, Finnfund's investments reflect a strong alignment with sustainable agricultural development, making them a significant player in the irrigation technology context.


11. Nordic Alpha Partners


Nordic Alpha Partners is a private equity firm based in Hellerup, Denmark, founded in 2017. The firm specializes in investment management and advisory services for green technology companies, aiming to connect ambitious hard-tech companies with the necessary skills, capital, and business modeling to accelerate their growth and sustainability transformation. Notably, Nordic Alpha Partners has been involved in several transactions relevant to the agricultural technology sector, including a significant investment in Agrointelli, a Danish agricultural robotics company that raised €14.5 million to scale production of its autonomous implement carrier, which is crucial for modern farming practices, including irrigation. They also invested in AquaGreen, which raised over $8.6 million in a seed round, potentially focusing on water management solutions. These transactions highlight their commitment to supporting innovative technologies that can enhance agricultural efficiency and sustainability, including irrigation solutions.


12. Trill Impact

  • Website: trillimpact.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2019
  • Headcount: 51-200
  • Number of deals in 2024: 1
  • LinkedIn: trill-impact

Trill Impact is an impact investment firm based in Stockholm, Sweden, founded in 2019. The firm specializes in private equity, ventures, and microfinance, with a strong commitment to creating measurable social and environmental impact alongside competitive financial returns. Trill Impact's investment strategy includes a diverse range of sectors, but they have made notable investments in irrigation technology, such as their involvement with Komet Irrigation, which raised an undisclosed amount in a private equity round in January 2022. This investment highlights their engagement in the irrigation technology space, demonstrating their alignment with initiatives that promote sustainable practices and positive change. Additionally, Trill Impact has invested in other sectors, such as energy management through their funding of tado°, indicating their broad investment approach while still maintaining a focus on impactful initiatives.


13. Norselab

  • Website: norselab.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: norselab

Norselab is an impact asset management firm based in Oslo, Norway, founded in 2015. They focus on creating a meaningful future through investments in companies that contribute to positive impact and systems change. Norselab manages various funds across growth equity and credit, targeting industries aligned with the UN Sustainable Development Goals. Their clients include businesses and organizations seeking sustainable investment opportunities. Notably, Norselab has invested in Farmable, a company that raised multiple rounds of funding to develop technology aimed at improving farming practices, which is relevant to irrigation technology. Additionally, their investment in Nofence, a company that utilizes technology for livestock management, also reflects their commitment to sustainable agricultural practices. These transactions highlight Norselab's focus on supporting innovations that can enhance agricultural efficiency and sustainability, making them a relevant player in the irrigation technology sector.



Irrigation Technology Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
KatapultOslo, Oslo, Norway11-5020178
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
Husqvarna (China) Machinery Manufacturing Co., LtdStockholm, Stockholm, Sweden501-100016890
Addtech ABStockholm, Stockholm, Sweden1001-500019069
Chalmers VenturesSweden11-50201526
MuntersStockholm, Stockholm, Sweden1001-500019554
Yara Growth VenturesOslo, Oslo, Norway1-1020214
SdiptechStockholm, Stockholm, Sweden1001-50000
FinnfundHelsinki, Uusimaa, Finland51-20019807
Nordic Alpha PartnersHellerup, Denmark11-5020170
Trill ImpactStockholm, Stockholm, Sweden51-20020191
NorselabOslo, Oslo, Norway11-5020151


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