The seed production industry in the Nordics is crucial for agriculture and environmental sustainability. Companies in this sector work on developing and multiplying high-quality seeds, focusing on both traditional crops and innovative varieties. They offer solutions ranging from field crops to specialty seeds for unique growing conditions. The industry is embracing sustainability, with rising interest in environmentally-friendly and resilient seed technologies. Significant investments are being directed towards research and innovation to keep pace with climate challenges and food security needs. Nordic seed producers aim to lead in sustainable practices, making strides towards organic and precision agriculture.


The roster of investors for seed production in the Nordics includes a mix of venture capital firms, private equity houses, and corporate entities. They are predominantly headquartered in Sweden, Finland, Denmark, and Norway, reflecting the region's strong agricultural foundations. Most firms range in size from small funds with under ten employees to large institutions with thousands. The investment landscape is vibrant, with significant deal activity in 2024, as demonstrated by companies like Novo Holdings and Altrag Partners. This year's deals underscore the growing focus on agtech startups pushing the limits of seed production.


Top 19 Seed Production Investors in the Nordics


1. 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. In 2022, Katapult participated in seed funding rounds for companies like Rural Farmers Hub, which raised $200,000, and Afrikamart, which raised $150,000. These investments highlight their engagement in the seed production industry. Additionally, they have invested in companies like Legendary Foods Africa, which also aligns with their mission to support innovative solutions in agriculture. While they have made larger investments in sectors like ocean-tech, their active participation in seed rounds for relevant agricultural startups demonstrates their relevance in the seed production context.


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. In recent years, Almi has been involved in several seed funding transactions that are relevant to the agricultural sector. For instance, they invested in Plantvation, which secured SEK 5.8 million in a seed funding round, indicating their support for innovative agricultural solutions. Additionally, Almi invested SEK 20 million in Spowdi, a company that manufactures solar-powered water pumps for small-scale farming, further demonstrating their commitment to enhancing agricultural productivity. Furthermore, Almi has participated in multiple funding rounds for Tebrito, a company that has raised significant amounts in seed funding, showcasing their active role in supporting early-stage companies in the agricultural domain.


3. 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, focused on managing the assets of the Novo Nordisk Foundation. Founded in 1999, the firm primarily invests in life science companies at various stages of development, providing capital and strategic support to enhance healthcare solutions. In the context of seed production, Novo Holdings has made significant investments in companies like BioPhero, which raised a $3.5 million seed investment round from Novo Seeds, Syngenta Ventures, and Syddansk Innovation. BioPhero is dedicated to producing pheromones that help farmers control pests in row crops, showcasing Novo's commitment to agricultural innovation. Additionally, they participated in later funding rounds for Vestaron, a company focused on developing biological pest control solutions, further emphasizing their involvement in the agricultural sector.


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 based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has been involved in significant transactions relevant to the seed production industry, such as the acquisition of BLOOM FRESH International, which merges International Fruit Genetics with AMFRESH's SNFL Group to create a global breeding entity focused on table grape and cherry genetics. This transaction highlights EQT's commitment to agricultural innovation and seed production. Additionally, their acquisition of Cimbria, a company that provides solutions for seed processing and handling, further emphasizes their engagement in the agricultural sector. Overall, EQT Group's strategic investments indicate a potential interest in seed production and related agricultural technologies.


5. Mudcake

  • Website: mudcake.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: trellisroad

Mudcake is an investment microfund based in Stockholm, Sweden, founded in 2020. The firm specializes in supporting startups within the food industry, providing capital and resources primarily in pre-seed and seed rounds. Mudcake operates globally, with a diverse portfolio of companies across multiple continents. Notably, they have participated in significant transactions in the agtech sector, such as their involvement in the seed funding round for OlsAro, a Swedish agtech startup focused on scaling technological and commercial efforts in food production. Additionally, they participated in the pre-seed round for hexafarms, a German agtech startup that aims to develop AI and machine learning capabilities for food production. These transactions highlight Mudcake's commitment to fostering innovation in food production, including seed production, making them a relevant player in this space.


6. Yara International

  • Website: yara.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2004
  • Headcount: 10001+
  • LinkedIn: yara

Yara International ASA is a leading agricultural company based in Oslo, Norway, specializing in crop nutrition and industrial solutions. Founded in 2004, Yara produces and distributes a wide range of nitrogen-based, phosphate, and potash fertilizers, alongside digital farming solutions aimed at optimizing crop yields and sustainability in food production. Yara has made significant investments in the agricultural sector, including a Series B investment in Plant Response, which raised $6.9 million to enhance crop performance. In 2020, Yara led a Series A round for Boost Biomes, a U.S. agbiotech startup focused on developing innovative products for crop protection and nutrition, further emphasizing their commitment to advancing agricultural technology. Recently, Yara acquired the organic-based fertilizer business of Agribios Italiana to bolster its organic strategy in Europe, showcasing its dedication to sustainable agriculture. These transactions highlight Yara's active role in supporting innovations that can impact seed production and overall agricultural practices.


7. 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 Tarfin, a Turkey-based agritech company that enhances offerings to farmers, and Agrofy, an Argentine farmer marketplace that raised $30 million to strengthen its e-commerce platform and expand operations. Their participation in Ecorobotix, which develops smart sprayer systems powered by AI, further demonstrates their commitment to advancing agricultural technologies that can impact seed production positively.


8. Nordic Foodtech VC


Nordic Foodtech VC is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2019. The firm specializes in investing in early-stage companies that are pioneering deep foodtech innovations aimed at transforming the food system. With a focus on sustainability and health-oriented food technologies, Nordic Foodtech VC supports startups primarily in the Nordics and Baltics. Among their notable transactions, they invested in EniferBio, a Finnish startup that raised over €1 million in seed funding, and Chromologics, a biotech company that has raised significant seed funding rounds totaling over €12 million. These investments highlight their active role in the seed production sector, particularly in companies that are innovating within the food technology space.


9. 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. Notably, they have participated in several relevant transactions, including Agteria Biotech, which raised $6,215,942 in a seed round in February 2025, showcasing their commitment to seed-stage investments. Additionally, their involvement in biotech companies like Arevo and EnginZyme highlights their focus on sectors that intersect with seed production and agricultural innovation.


10. Swedfund International

  • Website: swedfund.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1979
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: swedfund-international

Swedfund International is a public entity based in Stockholm, Sweden, founded in 1979, that specializes in development finance aimed at reducing poverty through sustainable investments in developing countries. The organization supports small and medium enterprises and public sector projects, enhancing access to essential services and promoting economic growth. In 2024, Swedfund made a notable investment in Apollo Agriculture, providing USD 10 million to help expand initiatives that empower small-scale farmers in Kenya to adopt more profitable and sustainable farming practices. This investment is significant as it directly relates to improving agricultural productivity and food security, which are critical components of seed production. Additionally, Swedfund has been involved in various other transactions, such as AgDevCo, which also focuses on agricultural development, although the specifics of those investments are less directly related to seed production. Overall, Swedfund's commitment to sustainable agricultural practices through its investments indicates a relevant interest in the seed production sector.


11. Lifeline Ventures


Lifeline Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2009. The firm specializes in early-stage investments across various sectors, providing financial backing and advisory services to resilient entrepreneurs. Lifeline Ventures has been involved in several notable transactions, particularly in the food technology space. For instance, they participated in the Series A funding round for Solar Foods, which raised €18.5m to develop its innovative air protein production. They also invested in Solar Foods during a venture round in 2018, showcasing their commitment to supporting sustainable food production technologies. Furthermore, Lifeline Ventures was a key investor in the Seed round for Origin by Ocean, a startup focused on sustainable seafood production, which raised €7.5M. These transactions highlight Lifeline Ventures' active role in the seed production industry and their focus on supporting startups that contribute to sustainable and innovative food solutions.


12. 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 emphasizes the development and acquisition of companies with high technical expertise across various sectors, including technology and industrial solutions. In 2024, Indutrade has been active in the market, completing 14 investments. Notably, they acquired ATLINE ApS, which specializes in in-line sampling and quality assurance for the pet food and feed industries, indicating a strategic interest in sectors that intersect with agricultural production. Other acquisitions, such as Crysberg A/S, which focuses on electronic control solutions for irrigation systems, further highlight their engagement in areas that could impact seed production indirectly. Overall, Indutrade Life Science operates through a decentralized structure, allowing its subsidiaries to maintain independence while leveraging the group's resources for growth and innovation.


13. Chalmers Ventures


Chalmers Ventures is a venture builder and tech investor based in Sweden, founded in 2015. They specialize in deep tech innovations and support researchers and entrepreneurs in commercializing their technologies through various programs that provide business guidance, financing, and community networking. In 2024, they were involved in 26 investments, including notable transactions such as Galaxy Biosolutions, which raised $18,159 in a pre-seed round, and multiple rounds of funding for the Swedish Algae Factory, which raised significant amounts across different funding types, including a venture round and convertible notes. Their investment in the Swedish Algae Factory, which focuses on sustainable algae production, highlights their interest in seed production and agricultural technology, making them a relevant player in this sector.


14. A.P. Moller - Maersk

  • Website: maersk.com
  • Type: Corporate
  • Headquarters: Copenhagen, Denmark
  • Founded year: 1904
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: maersk-group

A.P. Møller – Mærsk A/S is a prominent logistics company based in Copenhagen, Denmark, specializing in shipping and logistics services globally. Founded in 1904, the company has a workforce of over 10,000 employees and operates in various sectors, including supply chain management and warehousing. In recent years, Maersk has shown interest in the agtech sector, as evidenced by its investment in Telesense, which raised $6.5 million in a Series A funding round aimed at developing its GrainSafe AI platform for grain management. This investment highlights Maersk's engagement in agricultural technology, which is relevant to seed production. Additionally, their involvement with WasteFuel, a biofuels company, indicates a broader interest in sustainable practices, although this is less directly related to seed production.


15. Voima Ventures

  • Website: voimaventures.com
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 11
  • LinkedIn: voima-ventures

Voima Ventures is a venture capital firm based in Helsinki, Finland, founded in 2019. The firm specializes in funding early-stage science-based innovations and deep tech ventures, providing both capital and expertise to help startups scale their solutions for global challenges. Voima Ventures operates primarily in the Nordic and Baltic regions and has been involved in various sectors, including life sciences and advanced manufacturing. Notably, they have participated in seed funding rounds for companies such as EniferBio, which focuses on innovative food production, and Kuva Space, which raised seed funding to develop commercial hyperspectral cubesats for agricultural monitoring. Their investment strategy reflects a commitment to supporting technologies that can enhance seed production and agricultural practices.


16. Kale United

  • Website: kaleunited.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: kaleunited

Kale United is an investment firm based in Stockholm, Sweden, founded in 2018. It focuses on sustainable food production through impact investments in plant-based and foodtech companies. The firm serves both individual and institutional investors who are interested in supporting the transition to a plant-based lifestyle while achieving financial returns. Notable transactions include their investment in Nordic SeaFarm, which aims to become a leading producer of plant-based crops from the sea in Europe, and their participation in seed funding for Vevolution, a platform supporting plant-based and cellular agriculture industries. Additionally, they have invested in THE PACK, a plant-based pet food startup, further demonstrating their commitment to innovative food production solutions.


17. Springvest Oyj

  • Website: springvest.fi
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: springvest

Springvest Oyj is a venture capital investment service company based in Helsinki, Uusimaa, Finland, founded in 2012. The firm specializes in connecting investors with promising Finnish growth companies, facilitating funding rounds, and providing investment management services. In 2024, Springvest has been involved in several notable transactions, including a significant investment in Solar Foods, which raised $8.8 million in Series B funding for its innovative air protein production. This investment highlights Springvest's interest in companies that are pushing the boundaries of food production technology. Additionally, they participated in the Series A funding for Volare, which raised over $6.8 million, further showcasing their active role in supporting growth companies in the food and agricultural sectors.


18. 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 strong focus on enhancing operational efficiency and sustainable growth for its partners. Notably, Altor has made significant investments in the animal and aquaculture feed industry, such as the acquisition of Hamlet Protein, a Danish producer of young animal feed, which positions the company as a leader in this niche market. Additionally, their acquisition of EWOS, a company involved in aquaculture feed, further demonstrates their engagement in sectors that are closely related to seed production. Altor's investment strategy includes tailored solutions and digital transformation, which can also benefit agricultural practices and seed production processes.


19. 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. The firm specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor collaborates with entrepreneurs and other investors, managing state interests in seed and venture funds. Among their notable transactions, they invested in Planktonic AS, which raised $1,051,451 in a seed round on January 18, 2019. This investment highlights their engagement in early-stage funding, particularly in sectors that may relate to seed production. Other investments, such as those in Cryogenetics and Nordic Halibut, while not directly related to seed production, showcase their broader venture capital activities.



Seed Production Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
KatapultOslo, Oslo, Norway11-5020178
AlmiStockholm, Stockholm, Sweden201-50019947
Novo HoldingsHellerup, Denmark51-200199945
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
MudcakeStockholm, Stockholm, Sweden1-1020203
Yara InternationalOslo, Oslo, Norway10001+20040
Yara Growth VenturesOslo, Oslo, Norway1-1020214
Nordic Foodtech VCHelsinki, Uusimaa, Finland1-1020197
IndustrifondenStockholm, Stockholm, Sweden11-5019799
Swedfund InternationalStockholm, Stockholm, Sweden51-20019796
Lifeline VenturesHelsinki, Uusimaa, Finland1-10200914
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
Chalmers VenturesSweden11-50201526
A.P. Moller - MaerskCopenhagen, Denmark10001+19044
Voima VenturesHelsinki, Uusimaa, Finland11-50201911
Kale UnitedStockholm, Stockholm, Sweden1-1020182
Springvest OyjHelsinki, Uusimaa, Finland11-5020123
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
InvestinorTrondheim, Trøndelag, Norway11-5020084


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