The laboratory equipment manufacturing industry in the Nordics is characterized by innovation and specialization. Companies in this sector design and produce a wide range of tools and technologies for research and diagnostics, including analytical instruments, automation solutions, and lab consumables. The region is home to a mix of startups and established players focused on areas like biotechnology and medical technology. With increasing demand for advanced research capabilities and personalized medicine, the industry is poised for growth, driven by trends such as automation and sustainability, making the Nordic region a key player in laboratory technology developments.

This list features a range of prominent investors in the Nordic laboratory equipment manufacturing sector, including venture capital firms, corporate investors, and private equity groups. Based in major cities like Stockholm and Helsinki, these investors vary in size and scope, from smaller, specialized firms with a handful of employees to large corporations employing thousands. Since they were established between 1978 and 2019, they have actively participated in the industry, collectively completing 117 investments in 2024, highlighting their commitment to enhancing laboratory technologies.

Top 15 Laboratory Equipment Manufacturing Investors in the Nordics

1. Novo Holdings

• Website: novoholdings.dk
• Type: Venture Capital
• Headquarters: Hellerup, Denmark
• Founded year: 1999
• Headcount: 51-200
• Number of deals in 2024: 45
• LinkedIn: novo-a-s

Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, founded in 1999. It manages the assets of the Novo Nordisk Foundation and focuses on investing in life science companies at various stages of development. The firm provides capital and strategic support to enhance healthcare solutions. Notably, Novo Holdings has been involved in significant transactions within the laboratory equipment manufacturing sector, such as co-leading a USD 200 million Series A and Crossover round for Esco Lifesciences Group, which aims to strengthen its position in the market. Additionally, Novo Holdings has made multiple investments in ProteinSimple, a company that specializes in protein analysis and laboratory equipment, raising substantial amounts across several funding rounds. These activities highlight Novo Holdings' commitment to supporting innovation in laboratory equipment and life sciences.

2. 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 its notable transactions, Almi has invested in companies such as Inhalation Sciences, which focuses on inhalation technology for laboratory applications, and Gradientech, which develops innovative solutions for laboratory diagnostics. These investments highlight Almi's engagement in the laboratory equipment manufacturing sector, showcasing their commitment to supporting companies that contribute to advancements in laboratory technologies.

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 the Indutrade industrial group, which 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. In recent years, Indutrade has made significant strides in the laboratory equipment manufacturing sector, acquiring Labema, a company that imports and delivers laboratory products and diagnostic equipment, and Matriks, a Norwegian laboratory technology firm. Additionally, their acquisition of Miclev Medical Products for approximately SEK 130 million is part of their strategy to enhance their life science segment, showcasing their commitment to this industry.

4. 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 providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Among its notable transactions in the laboratory equipment manufacturing context, EQT acquired SPT Labtech, a company focused on laboratory automation and low-volume liquid handling technology, for GBP 650 million in June 2022. Additionally, EQT's acquisition of HemoCue, a company known for point-of-care blood testing equipment, highlights its strategic interest in the laboratory sector. These investments reflect EQT's commitment to enhancing capabilities and driving growth within the laboratory equipment industry.

5. Chalmers Ventures

• Website: chalmersventures.com
• Type: Venture Capital
• Headquarters: Sweden
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 26
• LinkedIn: 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 that provide business guidance, financing, and community networking. In 2022, they participated in a significant Series A funding round for Elypta, a molecular diagnostics spinout from Chalmers University of Technology, which raised $21 million. This investment highlights their commitment to advancing technologies that could be relevant to laboratory equipment manufacturing. Additionally, they have made several pre-seed investments in startups like Envue Technologies and Lucero, which may also have applications in laboratory settings, further demonstrating their engagement in the sector.

6. 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 fund specializes in investing in early-stage companies, particularly in the fields of Deep Tech, Life Science, and Transformative Tech. Industrifonden provides financial support and strategic guidance to startups, helping them scale their innovative solutions. Notable transactions include investments in Gyros AB, which raised funds to further commercialize its Gyrolab technology, and Pixelgen Technologies, which closed a Series A financing round to support the commercial expansion of its spatial proteomics tool. These investments highlight Industrifonden's commitment to fostering innovation in laboratory technology and life sciences, making it a relevant player in the laboratory equipment manufacturing sector.

7. 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, founded in 1906. The company specializes in providing high-tech products and services across various sectors, including automation, electrification, energy, industrial solutions, and process technology. In 2024, Addtech has made nine investments, showcasing their active role in enhancing operational efficiency and sustainability for OEM manufacturers and end-users. Among their notable transactions, Addtech acquired Analytical Solutions and Products B.V. to strengthen their capabilities in emission control solutions, which is relevant to laboratory processes. Additionally, their acquisition of Thurne Teknik AB, a supplier of components and systems for the chemical and pharmaceutical industries, and Kaptas Oy, which specializes in automation systems for pharmaceuticals, highlight their commitment to the laboratory equipment manufacturing sector. These strategic acquisitions reflect Addtech's focus on expanding their offerings in industries that intersect with laboratory equipment and processes.

8. AddLife AB

• Website: add.life
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2016
• Headcount: 1001-5000
• Number of deals in 2024: 3
• LinkedIn: addlife-ab

AddLife AB is a corporate investor based in Stockholm, Sweden, founded in 2016. The company operates primarily in the Life Science sector, focusing on Labtech and Medtech. It provides high-quality medical technology products, assistive equipment, and laboratory solutions to healthcare providers, hospitals, and research institutions across Europe. AddLife employs a decentralized business model, allowing its subsidiaries to maintain flexibility while benefiting from the company's resources. Notably, AddLife has made several strategic acquisitions to enhance its Labtech business area, including:1. **Biolin Scientific** - Acquired in December 2016, this company is a leading Nordic developer of analytical instruments for material analysis, marking a significant addition to AddLife's Labtech portfolio.2. **Lab-Vent Controls** - Acquired in August 2019, this company specializes in ventilation solutions for laboratories and cleanrooms, further solidifying AddLife's presence in the laboratory equipment sector.3. **BioCat GmbH** - Acquired in April 2022, BioCat is a specialized distributor in the life science research market, enhancing AddLife's reach in Germany and the DACH region.4. **EuroClone S.p.A.** - Acquired in November 2019, this Italian company contributes to AddLife's Labtech business area and expands its market presence in Italy.These transactions illustrate AddLife's strategic focus on enhancing its laboratory equipment capabilities and market presence, making it a relevant investor in this field.

9. Investinor

• Website: investinor.no
• Type: Venture Capital
• Headquarters: Trondheim, Trøndelag, Norway
• Founded year: 2008
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn: investinor

Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Notable transactions include investments in SpinChip Diagnostics, which raised $2,078,597 for diagnostic solutions, and Cimon Medical, which focuses on ultrasound technology and raised 60MNOK in a seed round. These investments highlight Investinor's engagement in sectors that are closely related to laboratory equipment manufacturing, particularly in medical diagnostics and technology.

10. ADDvise

• Website: addvisegroup.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1989
• Headcount: 501-1000
• LinkedIn: addvisegroup

ADDvise Group AB, founded in 1989 and based in Stockholm, Sweden, specializes in advanced medical technology and laboratory solutions. The company serves healthcare facilities and research institutions with a diverse range of products, including medical equipment and laboratory furniture. ADDvise operates with a decentralized business model, allowing its subsidiaries to maintain entrepreneurial independence while benefiting from corporate support. In recent years, ADDvise has made several strategic acquisitions to enhance its presence in the laboratory equipment sector. Notable transactions include the acquisition of Labplan Ltd., a distributor of advanced instruments for the life sciences, and Axelerist, which provides rental and purchase solutions for laboratory equipment. These acquisitions reflect ADDvise's commitment to expanding its capabilities in the laboratory equipment manufacturing industry, positioning it as a key player in this market.

11. Cellink

• Website: cellink.com
• Type: Corporate
• Headquarters: Sweden
• Founded year: 2016
• Headcount: 201-500
• LinkedIn: cellink-bioprinting

Cellink is a corporate investor based in Sweden, founded in 2016, with a focus on biotechnology, particularly in 3D bioprinting and biomaterials. They provide innovative bioprinters and bioinks that cater to the needs of researchers and organizations in the life sciences sector, facilitating advancements in drug discovery, personalized medicine, and regenerative medicine. Cellink has been active in expanding its technology portfolio through strategic acquisitions, including Cytena, which enhances their capabilities in the pharmaceutical industry, Scienion, which strengthens their position in laboratory automation, and Discover Echo, known for hybrid microscopes. These transactions demonstrate Cellink's commitment to advancing laboratory equipment manufacturing and supporting the research community.

12. Indutrade AB

• Website: indutrade.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1978
• Headcount: 5001-10000
• Number of deals in 2024: 1
• LinkedIn: indutrade-ab

Indutrade AB is a technology and industrial group based in Stockholm, Sweden, founded in 1978. The company develops and acquires businesses characterized by high technical expertise, operating through over 200 subsidiaries. Indutrade provides a wide range of industrial and technological products across various sectors, including infrastructure, medical technology, and energy. In recent years, Indutrade has made several strategic acquisitions that enhance its presence in the medical and laboratory equipment sectors. For instance, the acquisition of CKJ Steel AS in 2021, which supplies engineering solutions and process equipment to the pharmaceutical industry, highlights Indutrade's commitment to expanding its footprint in laboratory-related markets. Additionally, the acquisition of Cheirón, a Czech Med-Tech company specializing in medical technology products, further emphasizes their focus on sectors that are integral to laboratory equipment manufacturing. These transactions reflect Indutrade's strategy to strengthen its position in attractive market segments, particularly those related to healthcare and laboratory technologies.

13. Innovestor

• Website: innovestorgroup.com
• Type: Venture Capital
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2014
• Headcount: 11-50
• Number of deals in 2024: 12
• LinkedIn: innovestor

Innovestor is an investment management company based in Helsinki, Finland, specializing in venture capital, real estate, and energy storage. Founded in 2014, Innovestor focuses on providing funding and support to early-stage startups and corporations, particularly in technology and life sciences. Their services include investment advice, corporate venturing, and participation in accelerator programs. Notable transactions include investments in Spectral Engines, which raised funds for technology that could be applicable in laboratory settings, and Clair Scientific, which focuses on scientific advancements. Additionally, Innovestor participated in the funding of Chipmetrics, which aims to enhance product development and production capabilities, potentially relevant to laboratory equipment manufacturing. Their diverse portfolio indicates a commitment to supporting innovation in sectors that intersect with laboratory equipment.

14. Nordic Capital

• Website: nordiccapital.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1989
• Headcount: 201-500
• Number of deals in 2024: 10
• LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, with a strong emphasis on healthcare and technology. Nordic Capital partners with management teams to drive growth and operational improvements in its portfolio companies, focusing on creating long-term value and sustainability. Notable transactions include the acquisition of a stake in Equashield Medical, a medical device company, and the acquisition of Corpuls, a German medical technology company specializing in emergency medical solutions. These transactions highlight Nordic Capital's commitment to investing in companies that are integral to the healthcare sector, which often includes laboratory equipment and related technologies.

15. Finnvera

• Website: finnvera.fi
• Type: Venture Capital
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 2000
• Headcount: 201-500
• Number of deals in 2024: 3
• LinkedIn: finnvera

Finnvera Oyj is a public entity based in Helsinki, Uusimaa, Finland, founded in 2000. It provides a range of financial services aimed at supporting the growth and internationalization of Finnish businesses, particularly small and medium-sized enterprises. Finnvera offers loans, guarantees, equity investments, and export guarantees, playing a crucial role in enhancing the competitiveness of its clients by facilitating access to necessary financing. Notably, Finnvera has been involved in several transactions relevant to the laboratory equipment manufacturing sector, including investments in Spectral Engines, which raised funds in both Seed and Series A rounds, and Pharmatest Services, which has also received funding through Seed rounds. These investments indicate Finnvera's active role in supporting companies that contribute to the laboratory equipment industry.

Laboratory Equipment Manufacturing Insights: Key Investors in the Nordics

Investor	Headquarter	Size	Founded	Deals 2024
Novo Holdings	Hellerup, Denmark	51-200	1999	45
Almi	Stockholm, Stockholm, Sweden	201-500	1994	7
Indutrade Life Science	Stockholm, Stockholm, Sweden	1001-5000	1978	14
EQT Group	Stockholm, Stockholm, Sweden	1001-5000	1994	30
Chalmers Ventures	Sweden	11-50	2015	26
Industrifonden	Stockholm, Stockholm, Sweden	11-50	1979	9
Addtech AB	Stockholm, Stockholm, Sweden	1001-5000	1906	9
AddLife AB	Stockholm, Stockholm, Sweden	1001-5000	2016	3
Investinor	Trondheim, Trøndelag, Norway	11-50	2008	4
ADDvise	Stockholm, Stockholm, Sweden	501-1000	1989	0
Cellink	Sweden	201-500	2016	0
Indutrade AB	Stockholm, Stockholm, Sweden	5001-10000	1978	1
Innovestor	Helsinki, Uusimaa, Finland	11-50	2014	12
Nordic Capital	Stockholm, Stockholm, Sweden	201-500	1989	10
Finnvera	Helsinki, Uusimaa, Finland	201-500	2000	3

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