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Nidoco

Europe, Stockholms Lan, Sweden, Stockholm

Description

Nidoco AB is a privately owned investment company based in Stockholm, Sweden, known for its long-term investment perspective and active ownership approach. Operating within the broader Kinnevik sphere, Nidoco focuses on creating value through strategic investments in both listed and unlisted companies. Their philosophy emphasizes deep engagement with portfolio companies, aiming to support their growth and development over extended periods rather than seeking quick exits.

The company maintains a diversified portfolio, spanning various high-growth sectors including technology, media, e-commerce, and industrial businesses. Nidoco actively seeks out innovative and disruptive companies that demonstrate strong potential for market leadership and sustainable growth. Their investment strategy is not limited by specific stages, but they frequently engage with companies that are beyond the very early stages, typically those with proven business models and significant scaling opportunities.

Nidoco's capacity for substantial investments is evident in their participation in significant funding rounds. For instance, they were part of the €100 million Series C funding round for digital healthcare provider Kry/Livi in 2020, demonstrating their commitment to impactful ventures. Furthermore, Nidoco participated in a SEK 1.5 billion (approximately $150 million USD) funding round for logistics tech firm Budbee in 2021, underscoring their ability to deploy considerable capital into promising growth-stage companies. These investments highlight their preference for taking meaningful stakes, aligning with their active ownership model and long-term value creation goals.

Investor Profile

Nidoco has backed more than 21 startups, with 2 new investments in the last 12 months alone. The firm has led 8 rounds, about 38% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in Finland, United States, Sweden.
  • Strong thematic focus on Software, Biotechnology, Health Care.
  • Led 2 rounds in the past year.
  • Typical check size: $5M – $75M.

Stage Focus

  • Series Unknown (29%)
  • Seed (29%)
  • Series B (19%)
  • Series A (10%)
  • Pre Seed (5%)
  • Series D (5%)
  • Post Ipo Equity (5%)

Country Focus

  • Finland (76%)
  • United States (10%)
  • Sweden (10%)
  • Estonia (5%)

Industry Focus

  • Software
  • Biotechnology
  • Health Care
  • Apps
  • Charging Infrastructure
  • Electric Vehicle
  • Renewable Energy
  • Artificial Intelligence (Ai)
  • Saas
  • Banking
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Nidoco frequently co-invest with?

Team8
Asia, Tel Aviv, Israel, Tel Aviv-yafo
Co-Investments: 2
Communitas Capital Partners
North America, New York, United States, New York
Co-Investments: 2
Co-Investments: 2
Sofokus
Europe, Western Finland, Finland, Turku
Co-Investments: 2
RI
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
Superhero Capital
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 2
TO
Europe, Southern Finland, Finland, Uusimaa
Co-Investments: 2
Bestseller
Europe, Oslo, Norway, Oslo
Co-Investments: 2
Tesi
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 2
Adidas
Europe, Bayern, Germany, Herzogenaurach
Co-Investments: 2

Which angels does Nidoco often collaborate with?

Shared Deals: 1
Benoit Wiesser
Asia, Singapore
Shared Deals: 1
KK
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
TP
North America, New York, United States, New York
Shared Deals: 1
AO
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
TH
Europe, England, United Kingdom, London
Shared Deals: 1
TS
Europe, Zurich, Switzerland, Zürich
Shared Deals: 1
MI
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
AV
Europe, Finland
Shared Deals: 1
MH
Europe, Southern Finland, Finland, Espoo
Shared Deals: 1

What are some of recent deals done by Nidoco?

TactoTek

Oulu, Oulu, Finland

TactoTek develops and licenses in-mold structural electronics (IMSE) technology, enabling the creation of interactive and smart products.

3D TechnologyAutomotiveElectronicsManufacturingProduct Design
Series UnknownNov 19, 2024
Amount Raised: $60,000,000
Betolar

Kannonkoski, Western Finland, Finland

Betolar is a new materials startup specialized in new geopolymer-based carbon-neutral construction materials.

ConstructionMiningSustainability
Post Ipo EquityAug 28, 2024
Amount Raised: $2,614,257
eMabler

Helsinki, Southern Finland, Finland

API-First EV Charging Platform integrates payment, business systems, data and electricity management with EV charging service

Charging InfrastructureElectric VehicleSoftware
Series AJun 5, 2024
Infinited Fiber Company

Espoo, Southern Finland, Finland

Infinited Fiber Company is on a mission to make circular fashion and textiles an everyday reality

Biotechnology
Series BMar 8, 2024
Amount Raised: $29,547,464
Anocca

Södertälje, Vasternorrlands Lan, Sweden

Anocca is a drug and immunotherapy developer aiming to uncover the therapeutic potential of T-cell immunity.

BiotechnologyHealth CareTherapeutics
Series UnknownMay 31, 2023
Amount Raised: $36,891,357
Infinited Fiber Company

Espoo, Southern Finland, Finland

Infinited Fiber Company is on a mission to make circular fashion and textiles an everyday reality

Biotechnology
Series BMay 31, 2023
Amount Raised: $13,903,000
Spiral

New York, New York, United States

Spiral allows banks and financial institutions to increase customer engagement by embedding sustainability and social impact capabilities.

AppsBankingCharityFinTechSoftware
Series AMar 28, 2023
Amount Raised: $28,000,000
CollectiveCrunch

Espoo, Southern Finland, Finland

CollectiveCrunch is a leader in AI for the forestry industry. We bring a step-change to prediction of forest inventories and carbon capture.

AnalyticsArtificial Intelligence (AI)Carbon CaptureEnergy EfficiencyEnvironmental ConsultingForestryPaper ManufacturingRenewable EnergySaaSSoftware
Series UnknownMar 14, 2023
Amount Raised: $1,501,738
eMabler

Helsinki, Southern Finland, Finland

API-First EV Charging Platform integrates payment, business systems, data and electricity management with EV charging service

Charging InfrastructureElectric VehicleSoftware
SeedOct 1, 2022
Amount Raised: $1,078,373
Voltan Energy

Helsinki, Southern Finland, Finland

Voltan Energy is a sustainable and affordable local heating and cooling solutions.

EnergyEnvironmental EngineeringRenewable Energy
SeedJun 29, 2022
Amount Raised: $2,611,473