The rocket manufacturing industry in the Nordics is blooming with innovation and ambition. Companies are developing cutting-edge launch technologies, satellite solutions, and advanced materials. This dynamic sector is marked by a mix of startups and well-established firms driving progress in space exploration and satellite deployment. With an increasing focus on sustainable practices and competitive launching capabilities, the industry is attracting attention from investors eager to tap into its growth potential. Notable collaborations and investments are shaping a future where the Nordics play a crucial role in the global space economy.


The Nordic region features a robust mix of investors driving growth in rocket manufacturing. Among them are venture capital firms and corporate entities, each bringing unique strengths. With headquarters primarily in Finland, Sweden, and Norway, these investors vary widely in size—from small teams to large organizations employing thousands. Founded over a century ago to modern startups launched in recent years, their investments in 2024 reflect diverse interests and strategic engagement—ranging from in-depth aerospace technologies to satellite solutions, as they collectively invested in over 78 deals.


Top 7 Rocket Manufacturing Investors in the Nordics


1. Kongsberg Maritime

  • Website: kongsberg.com
  • Type: Corporate
  • Headquarters: Kongsberg, Buskerud, Norway
  • Founded year: 1814
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: kongsberg-maritime

Kongsberg Maritime, part of Kongsberg Gruppen, is a technology provider founded in 1814, specializing in advanced solutions across defence, aerospace, maritime, and digital sectors. With a workforce of 5001-10000, Kongsberg operates globally, focusing on sustainable practices and collaboration with stakeholders. In recent years, Kongsberg has made significant strides in the aerospace sector, notably through its acquisition of NanoAvionics, a Lithuanian small satellite manufacturer, for an enterprise value of EUR 65 million. This acquisition, announced in September 2022, aims to enhance Kongsberg's space offerings and expand its capabilities in the small satellite sector. Furthermore, Kongsberg's involvement in the Series C funding round for SpinLaunch, a company developing innovative launch systems, underscores its commitment to the rocket manufacturing industry. These transactions highlight Kongsberg's strategic focus on aerospace and satellite technologies, positioning them as a relevant investor in the rocket manufacturing landscape.


2. Lifeline Ventures


Lifeline Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2009. The firm specializes in early-stage investments, providing financial backing and advisory services to resilient entrepreneurs across various sectors. Notably, Lifeline Ventures has made significant investments in the space industry, including a $7.5 million seed round for NewOrbit Space in December 2023, which focuses on satellite technology. Additionally, they have invested in ICEYE, a company that raised $13 million in a Series A round in August 2017, known for its innovative satellite solutions. These transactions highlight Lifeline Ventures' commitment to supporting startups in the rocket manufacturing and space technology sectors, alongside their broader investment strategy.


3. Trelleborg Group

  • Website: trelleborg.com
  • Type: Corporate
  • Headquarters: Trelleborg, Skåne, Sweden
  • Founded year: 1905
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: trelleborggroup

Trelleborg Group, founded in 1905 and based in Trelleborg, Skåne, Sweden, is a corporate investor specializing in engineered polymer solutions. With over 10,000 employees, Trelleborg operates across various industries, including aerospace, automotive, healthcare, and marine. In recent years, Trelleborg has made strategic acquisitions to bolster its position in the aerospace sector, which is relevant to rocket manufacturing. Notable transactions include the acquisition of a manufacturer of aerospace components in Tukwila, Washington, aimed at enhancing their production of elastomers used in aerospace seals. Additionally, Trelleborg Sealing Solutions has acquired Aero-Plastics, a company specializing in high-performance polymer components for the aerospace industry, further strengthening their capabilities in this field. These transactions highlight Trelleborg's commitment to innovation and its potential relevance to the rocket manufacturing industry through its aerospace-related activities.


4. 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 not only financial support but also operational assistance to entrepreneurs. They leverage a global network of industry experts and resources to foster growth and innovation. Notably, EQT Ventures has made significant investments in the aerospace sector, including a Series A funding round for The Exploration Company, which raised €40.5M to commercialize their reusable space capsule, Nyx. They also participated in a Series B funding round for The Exploration Company, raising $158 million to further their mission. Additionally, EQT Ventures invested in Heart Aerospace, a company focused on hybrid-electric aircraft, which, while not directly related to rocket manufacturing, indicates their interest in advanced aerospace technologies.


5. 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. Inventure has been involved in several notable transactions, including leading a $7.4M Seed funding round for ReOrbit, a company specializing in software-enabled satellites, which plays a crucial role in the aerospace sector. Additionally, Inventure has participated in funding rounds for Canatu, a nanotechnology company, although these investments are less relevant to rocket manufacturing. Overall, Inventure's investment in ReOrbit highlights its engagement with the aerospace industry, making it a noteworthy player in the context of rocket manufacturing investments.


6. 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 and emphasizes building long-term relationships with entrepreneurs. In 2024, Heartcore Capital has made 17 investments, showcasing their active role in the venture capital landscape. Notably, they have invested in Orbex Space, a UK-based launch startup, participating in multiple funding rounds including a £40.4 million Series C round in October 2022 and a $23.9 million Series B round in December 2020. These investments highlight Heartcore's commitment to supporting innovative companies in the rocket manufacturing industry, particularly those focused on developing launch vehicles.


7. 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 capital and expertise to help startups scale their solutions for global challenges. Voima Ventures operates primarily in the Nordic and Baltic regions and has made significant investments in various sectors, including life sciences and advanced manufacturing. Notably, they have invested in Kuva Space, a Finnish company that raised €16.6M in a Series A funding round to advance its patented hyperspectral camera and space technology, as well as establish a constellation of commercial hyperspectral cubesats. This involvement highlights Voima Ventures' interest in the aerospace sector, particularly in technologies that support space exploration and satellite applications.



Rocket Manufacturing Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Kongsberg MaritimeKongsberg, Buskerud, Norway5001-1000018141
Lifeline VenturesHelsinki, Uusimaa, Finland1-10200914
Trelleborg GroupTrelleborg, Skåne, Sweden10001+19057
EQT VenturesStockholm, Stockholm, Sweden11-50201528
InventureHelsinki, Uusimaa, Finland11-5020059
Heartcore CapitalCopenhagen, Denmark11-50200717
Voima VenturesHelsinki, Uusimaa, Finland11-50201911


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