The law enforcement tech industry in the Nordics is evolving rapidly, driven by advancements in technology and increasing demand for public safety solutions. Companies in this sector offer a variety of products and services, including surveillance systems, cybersecurity tools, communication networks, and data analysis software. As public safety agencies embrace technology, the focus shifts towards innovative solutions like AI-driven analytics, drones for surveillance, and integrated digital systems to enhance operational efficiency. The industry's trajectory is set towards greater collaboration between tech firms and law enforcement agencies, ultimately enabling them to respond more effectively to emerging threats and challenges.


This list features a range of investors actively engaging in the law enforcement tech sector within the Nordics. They vary from corporate giants like Securitas Group and ASSA ABLOY, to venture capital firms such as EQT Ventures and OpenOcean. These stakeholders are headquartered across major Nordic cities like Stockholm and Oslo and range in size from small team operations to multi-national corporations. With a collective focus on boosting technology investments, many recorded substantial activity in 2024, signaling confidence in the sector's growth and development.


Top 16 Law Enforcement Tech 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 through tailored financial solutions and guidance. Among its notable transactions, Almi invested in Evam System, which raised €600k for a vehicle-to-vehicle emergency communication system, indicating a potential interest in technologies that can support law enforcement and public safety. Other investments, such as those in Collactivate, Klimator AB, Edeva AB, and DH Anticounterfeit, do not have a clear connection to law enforcement tech, suggesting that while Almi has made some relevant investments, its overall focus is broader and not exclusively aligned with law enforcement technology.


2. Securitas Group


Securitas Group, founded in 1934 and based in Stockholm, Sweden, is a leading security services company that offers a comprehensive range of security solutions, including advisory services, on-site guarding, and technology-driven security. The company serves diverse industries such as aviation, construction, and retail, focusing on protecting assets and ensuring safety through tailored security measures. Notably, Securitas has made several strategic acquisitions to bolster its technological capabilities in the security sector. For instance, the acquisition of Alphatron Security Systems in 2018 aimed to enhance their technological offerings. Similarly, the acquisition of Iverify in 2020 further underscores their commitment to integrating advanced technology into their security solutions. These transactions highlight Securitas's active role in the security technology landscape, making them a relevant player in the law enforcement tech industry.


3. ASSA ABLOY Group

  • Website: assaabloy.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: assaabloy

ASSA ABLOY Group, founded in 1994 and based in Stockholm, Sweden, is a leading security solutions provider specializing in locks, doors, gates, and entrance automation. With a workforce of over 10,000 employees, the company has established itself as a leader in the security industry through a strong focus on innovation and a diverse product portfolio. In recent years, ASSA ABLOY has made several strategic acquisitions to enhance its capabilities in security technology. Notably, the acquisition of LaserCard Corporation in 2011, which provides secure ID solutions, positions ASSA ABLOY to serve the government sector effectively. Additionally, the acquisition of Biosite Systems in 2020, which specializes in biometric access for construction sites, reflects their commitment to advancing access control solutions. Their recent acquisition of SKIDATA, a company focused on digital security technologies, further emphasizes their strategy to expand into areas relevant to law enforcement and public safety. Overall, ASSA ABLOY's investments in security and access control technologies align with the needs of law enforcement agencies.


4. Visma

  • Website: visma.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1996
  • Headcount: 10001+
  • Number of deals in 2024: 16
  • LinkedIn: visma

Visma is a corporate investor based in Oslo, Norway, specializing in cloud-based software solutions for small and medium businesses as well as public sector organizations. Founded in 1996, Visma has a strong presence in Europe and Latin America, operating through a network of entrepreneurial companies. In recent years, Visma has made significant acquisitions to enhance its portfolio, including the acquisition of iVISION in November 2023, which is known for its Legis 365 legal admin software, marking Visma's first entry into the legaltech sector. Additionally, the acquisition of Circle Software in January 2020, which provides case management and collaboration tools for the public sector, aligns with Visma's strategy to strengthen its position in markets that support law enforcement and public administration. These transactions highlight Visma's commitment to expanding its influence in sectors that are relevant to law enforcement technology.


5. 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, including healthcare and technology, and partners with management teams to drive growth and operational improvements in its portfolio companies. Nordic Capital has a strong focus on creating long-term value and sustainability in its investments, catering primarily to institutional investors seeking sustainable opportunities. Notably, Nordic Capital has made significant investments in companies like iLOQ, which specializes in access control solutions, and Sensio, a company focused on monitoring technology. These transactions highlight Nordic Capital's engagement in sectors that intersect with law enforcement technology, suggesting a strategic interest in enhancing security and monitoring capabilities.


6. Nokia

  • Website: nokia.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 1865
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: nokia

Nokia Corporation is a telecommunications and technology solutions provider based in Espoo, Uusimaa, Finland, founded in 1865. The company specializes in networking technology and digital transformation, offering a wide range of products and services, including cloud infrastructure, mobile networks, and security solutions. In recent transactions, Nokia has made significant moves to enhance its capabilities in sectors relevant to law enforcement. Notably, the acquisition of Fenix Group, a firm specializing in tactical communications solutions for defense, highlights Nokia's commitment to expanding its defense business. This acquisition is part of a broader strategy to enhance security and communication technologies that can be utilized in law enforcement contexts. Additionally, Nokia's involvement in various technology sectors, including network automation and optical connectivity, further positions it as a relevant investor in the law enforcement tech industry.


7. 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 both financial support and operational assistance to entrepreneurs. 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 Qevlar AI, a Parisian cybersecurity startup that raised €4.5 million to develop its generative AI cybersecurity solution, which is pertinent to law enforcement's need for advanced security technologies. Additionally, their investment in HackerOne, which raised $36.4 million in Series D funding, highlights their commitment to enhancing cybersecurity through ethical hacking, a crucial aspect for law enforcement agencies looking to protect sensitive data and infrastructure. Furthermore, their investment in 1X, an AI and robotics company, showcases their broader interest in innovative technologies that could have applications in various sectors, including law enforcement.


8. First Fellow Partners


First Fellow Partners is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2016. The firm focuses on investing in startups and providing strategic guidance to entrepreneurs, particularly in technology and innovation sectors. They prioritize long-term partnerships with founders and invest their own funds. Notable transactions include investments in CybExer Technologies, which raised €5 million to address the global cybersecurity skills gap, and Detectify, a cybersecurity company that raised significant funding for global expansion and R&D. These investments highlight First Fellow Partners' commitment to supporting companies that enhance cybersecurity, a critical area for law enforcement agencies.


9. 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. In 2024, Indutrade made significant strides in the law enforcement tech sector by acquiring West Technology Systems Ltd., a British company specializing in fingerprint forensic systems, which enhances their portfolio in forensic technology. Additionally, their acquisition of Noby AS, a Norwegian company specializing in security and safety products, further demonstrates their commitment to investing in technologies that support law enforcement and public safety. These strategic acquisitions highlight Indutrade's focus on innovative solutions that can be leveraged in law enforcement contexts.


10. Lagercrantz Group AB

  • Website: lagercrantz.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2001
  • Headcount: 1001-5000
  • Number of deals in 2024: 6
  • LinkedIn: lagercrantz

Lagercrantz Group AB is a technology group based in Stockholm, Sweden, founded in 2001. The company operates approximately 80 subsidiaries that provide specialized technical solutions across various sectors, emphasizing acquisitions and organic growth. Notably, Lagercrantz has made significant investments in the law enforcement tech space, including the acquisition of ISG Systems AB, a leading supplier of surveillance systems, enhancing their capabilities in camera-based solutions for public safety. Additionally, they acquired ARAS Security A/S, which is expected to contribute positively to their earnings and likely offers security solutions relevant to law enforcement. Other acquisitions, such as Profsafe AB, which specializes in safes and security products, further demonstrate their commitment to the security and surveillance market.


11. Telia


Telia Company AB is a telecommunications company based in Solna, Stockholm, Sweden, operating primarily in the Nordic and Baltic regions. Founded in 1853, Telia offers a wide range of services including IoT connectivity, smart city solutions, and telephony services. The company serves both businesses and public sector organizations, aiming to enhance connectivity and operational efficiency. Notably, Telia Ventures participated in the Series B funding round for Aporeto, a cloud security firm, which indicates an interest in technology that could be applicable in security contexts. Additionally, their involvement in IoT Communications, which raised funds for growth, aligns with the increasing integration of IoT in law enforcement and public safety applications. However, the majority of their transactions do not specifically target law enforcement tech, making their relevance somewhat indirect.


12. Saab

  • Website: saab.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1937
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: saab

Saab AB is a leading aerospace and defense company based in Stockholm, Sweden, founded in 1937. The company specializes in advanced military defense systems and civil security solutions, serving a global market with innovative technologies in aviation, radar, and missile systems. Saab operates in over 30 countries, focusing on enhancing security and defense capabilities worldwide. Recently, Saab has made strategic acquisitions to bolster its technological capabilities, including the acquisition of Blue Bear Systems Research, a provider of autonomous technologies, and CrowdAI, known for its AI and machine learning capabilities. These acquisitions aim to enhance Saab's portfolio and support its international growth strategy. Furthermore, Saab's participation in the Series B funding round for Helsing, a defense AI technology developer, highlights its commitment to advancing AI technologies for military applications, which can also be relevant to law enforcement. Overall, Saab's focus on innovative security solutions positions it as a significant player in the law enforcement tech landscape.


13. OpenOcean

  • Website: openocean.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: openocean-vc

OpenOcean is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2009. The firm specializes in investing in early-stage technology startups across Europe, focusing on empowering founders in the data economy. OpenOcean provides capital and expertise to help scale innovative solutions in various technology industries. Notably, OpenOcean participated in the Series A financing round for Binalyze, which raised $19 million to enhance its digital forensics and incident response platform. This platform is crucial for law enforcement agencies as it aids in investigating cyber incidents and managing digital evidence. Additionally, OpenOcean was involved in earlier funding rounds for Binalyze, including a $10 million seed round in 2022, further demonstrating their commitment to supporting technology that intersects with law enforcement needs.


14. Monterro

  • Website: monterro.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: monterro-ab

Monterro is a private equity investment firm based in Stockholm, Sweden, founded in 2012. The firm specializes in the growth of B2B software companies, providing both capital and operational support to help these companies scale and expand into new markets. Monterro focuses primarily on Nordic software companies, leveraging their expertise to drive growth and internationalization. Notably, Monterro has made significant investments in companies that intersect with law enforcement technology. For instance, they acquired a majority stake in Bliksund, a company that develops software for ambulance, rescue, and fire services, which are critical components of public safety and law enforcement. Additionally, Monterro's acquisition of Trapets AB, a developer of a SaaS platform for financial crime prevention, further emphasizes their involvement in sectors that support law enforcement efforts. These transactions highlight Monterro's commitment to investing in technology that enhances public safety and crime prevention.


15. Addnode Group AB

  • Website: addnodegroup.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: addnode-group-ab

Addnode Group AB is a corporate investor based in Stockholm, Sweden, founded in 2003. The company specializes in digital solutions, particularly in design management, product lifecycle management, and process management. It serves various sectors, including construction, manufacturing, and public sectors, enhancing operational efficiency and project management through its software solutions. Notably, Addnode Group has made strategic acquisitions to bolster its offerings, including the acquisition of Jetas Quality Systems AB, a supplier of case management systems, which is relevant to law enforcement tech. This acquisition, announced on January 11, 2024, highlights Addnode's interest in technologies that can support public sector operations, including law enforcement. Other acquisitions, such as Decerno, 5-D Systems, inPort, and Forsler & Stjerna Konsult AB, further demonstrate Addnode's strategy of expanding its digital solutions portfolio, although their direct relevance to law enforcement tech may vary.


16. Q-Free

  • Website: q-free.com
  • Type: Corporate
  • Headquarters: Trondheim, Trøndelag, Norway
  • Founded year: 1984
  • Headcount: 201-500
  • LinkedIn: q-free

Q-Free is a technology company based in Trondheim, Norway, founded in 1984, specializing in Intelligent Transportation Systems (ITS). With a workforce of 201-500 employees, Q-Free provides advanced solutions for tolling, traffic management, and vehicle recognition, primarily serving customers in government and transportation sectors. Their product suite includes software solutions like Intrada ALPR, which enhances operational efficiency and improves traffic flow, making it particularly relevant for law enforcement applications. Q-Free has made significant acquisitions to bolster its position in the market, including the acquisition of Traffiko in 2015, which expanded their operations in Road User Charging and Advanced Transportation Management Systems. They also acquired Intelight ITS in 2015 and ELCOM d.o.o. in 2013, further enhancing their capabilities in traffic management systems. These strategic moves underline Q-Free's commitment to developing technologies that can support law enforcement and public safety initiatives.



Law Enforcement Tech Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
Securitas GroupStockholm, Stockholm, Sweden10001+19340
ASSA ABLOY GroupStockholm, Stockholm, Sweden10001+199421
VismaOslo, Oslo, Norway10001+199616
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
NokiaEspoo, Uusimaa, Finland10001+18653
EQT VenturesStockholm, Stockholm, Sweden11-50201528
First Fellow PartnersHelsinki, Uusimaa, Finland1-1020164
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
Lagercrantz Group ABStockholm, Stockholm, Sweden1001-500020016
TeliaSolna, Stockholm, Sweden10001+18530
SaabStockholm, Stockholm, Sweden10001+19371
OpenOceanHelsinki, Uusimaa, Finland11-5020097
MonterroStockholm, Stockholm, Sweden11-5020121
Addnode Group ABStockholm, Stockholm, Sweden1001-500020034
Q-FreeTrondheim, Trøndelag, Norway201-50019840


Want to find more investors focusing on the law enforcement tech industry?

If you want to find more investors that are active in the law enforcement techindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!