Industrifonden is a Swedish early-stage investor structured as an independent foundation rather than as a conventional limited-partner fund manager. Its About us page states that "the Swedish government established a novel mechanism to fund radical innovation" and that Industrifonden "was, in 1979, given a donation of 1.7 billion SEK", and it describes the effect of the structure in the firm's own words: "Being an independent foundation has meant that Industrifonden has been able to adapt to changing technological landscapes". The organisation invests from its own balance sheet across three published practices, Deep Tech, Life Science and Transformative Tech, and its About us page states it has made more than 1000 investments in its 40 year history.
$470M (approx.; the firm states "5 billion SEK in assets" on its homepage and "assets of over 7 billion SEK" on its About us page, both undated and unreconciled on the same date, so the lower is taken) AUM70/100 Power Score™1979 FoundedStockholm, Sweden
Practice Lead Transformative Tech and Senior Investment Director
Caroline Murray
CFO
Birgitta Stymne Göransson
Chair of the board
Firm Timeline
1979
The Swedish government establishes the mechanism behind Industrifonden and the foundation is given a donation of 1.7 billion SEK, per the firm's About us page.