Luminar Ventures

Luminar Ventures is a prominent Nordic venture capital firm strategically located in Stockholm, Sweden, with a dedicated focus on early-stage technology companies. The firm primarily targets Seed and Series A investments, aiming to identify and support promising startups with significant growth potential across the Nordic region. Their investment thesis centers on disruptive technologies and innovative business models that can scale globally, positioning them as a key player in the regional startup ecosystem.

Since its inception, Luminar Ventures has demonstrated a strong commitment to fostering the Nordic tech ecosystem. The firm successfully launched its first fund, Fund I, in 2018, raising SEK 600 million, equivalent to approximately USD 55.2 million. Building on this success, Luminar Ventures initiated its second fund, Fund II, in 2022, with an ambitious target of SEK 1 billion, which translates to roughly USD 92 million. This progression in fund size underscores their growing influence and capacity to deploy substantial capital into the market.

Luminar Ventures is sector-agnostic within technology but has shown particular interest in areas such as SaaS, AI, fintech, deeptech, gaming, future of work solutions, and climate tech. They typically provide initial cheques ranging from SEK 5 million to SEK 25 million, which corresponds to approximately USD 460,000 to USD 2.3 million. Beyond capital, the firm emphasizes active partnership, leveraging its extensive network and operational expertise to assist portfolio companies with strategic guidance, talent acquisition, and international expansion.

The firm's approach is characterized by a long-term perspective, seeking to build enduring relationships with founders and contribute significantly to their journey from early-stage development through to successful scaling. Luminar Ventures positions itself as a hands-on investor, committed to nurturing the next generation of Nordic tech leaders.