Northern Cap Sec Ventures invests in the north

The venture capital company wants to grow and they want to invest in companies in northern Sweden

"It's probably the region in Europe where the most action is happening right now. One major start-up, Northvolt, is obviously having problems, and the newspapers are keen to write that this applies to the entire industrial investment in the north. But Northvolt is after all a small part of everything that is happening up here, so you have to balance the reasoning. If you add it up, SEK 1,400 billion is being invested up here right now. This is reflected in investments in state and municipal infrastructure, but above all on the private side where large investments are being made," says Göran Carlsson, investment manager at Northern Cap Sec Ventures, in a press release.

Göran Carlsson points to everything that is happening in the business community in the north:

"Nine out of 13 Swedish mines are located in Norrbotten and Västerbotten. The space and forest industries are showing strong growth. Not to mention electrification, green fuels, energy investment, car testing and other billion-dollar industries. All this favours tech companies that have the big giants as customers. So the wind is clearly blowing in the right direction in northern Sweden."

Northern Cap Sec Ventures, based in Gothenburg, has offices in Gothenburg and Piteå. The company focuses on investments in companies outside Stockholm.

"We know that capital is concentrated in Stockholm, which is why we are here. We see it as both a challenge and an opportunity to get in early on promising companies at favourable valuations," says Göran Carlson, who works from the Piteå office.

According to CEO Henrik Jerner, the company's ambition is to grow rapidly, with the goal of going from the current SEK 43 million in assets under management to SEK 250 million, and then to SEK 500 million as quickly as possible.

Lennart Håkansson

editor@northswedenbusiness.com