Launched 2016. Early to growth-stage VC investing in AI, fintech, mobility, and marketplaces.
Stockholm, Sweden
Accelerator
Early to Growth
/sweden/accelerator/eqt-ventures
Brickanta is building an AI-native operating layer for early-stage commercial construction planning. The platform interprets drawings, code constraints, and cost data to automate bid analysis and estimation, reducing procurement risk and planning overhead for project owners and contractors.
Einride is the Swedish pioneer of autonomous freight, best known for its cab-less "Pod" trucks that are designed from the ground up without a driver. Rather than retrofitting automation into traditional vehicles, Einride built a purpose-made electric platform paired with remote operations. Its "Mesh" system allows a single human operator to supervise multiple autonomous pods in real time from a control center, enabling higher utilization while keeping safety oversight in the loop. The year 2026 is a defining moment for Einride. In November 2025, the company announced a $1.8B merger with Legato Merger Corp. III to list on the NYSE, a deal expected to close in the first half of 2026 and provide more than $300M in growth capital. This public-market transition gives Einride the balance sheet to scale fleet deployments, charging infrastructure, and regulatory approvals across key logistics corridors. By mid-2026, Einride is executing on major commercial contracts with GE Appliances in the United States and DP World in the UAE. It does not sell trucks in the traditional sense; it sells freight capacity as a service (FaaS), bundling vehicles, energy management, and its digital "Saga" operating system that optimizes routes, energy usage, and scheduling. The 2026 focus is on "Einride Grids": dense regional networks in Northern Europe and the US Southeast where autonomous pods handle repeated hub-to-hub routes, driving down costs compared to diesel trucking while cutting emissions. Einride's ecosystem ties include Norrsken House in Stockholm and early innovation pilots through Plug and Play. Its investor base blends Nordic growth capital and strategic logistics backing: EQT Ventures, NordicNinja, Maersk Growth, Soros Fund Management, and Temasek are among the key supporters. In 2026, Einride stands out as the most mature European autonomous freight platform, combining electric hardware, autonomy software, and logistics orchestration into a single commercial service. The company is also investing in safety validation, regulatory engagement, and remote-operations tooling to scale autonomy responsibly across multiple jurisdictions.
Klarna is a Swedish fintech company that pioneered the “buy now, pay later” (BNPL) model globally. Founded in 2005 by Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson, Klarna started by offering online shoppers in Sweden a way to purchase goods on invoice (pay after delivery). Over the next decade, the company expanded across Europe and beyond, becoming a dominant online payments provider. As of 2021, Klarna was Europe’s highest-valued private tech company at $45.6 billion, reflecting meteoric growth fueled by consumers’ appetite for installment payments. Klarna’s app and services allow users to split purchases into interest-free installments or pay later, and it partners with over 450,000 retailers worldwide, including global brands like H&M, IKEA, and Nike. The company has over 150 million users across 45 countries and handled $80 billion in transaction volume in 2021. Klarna’s journey, however, has seen dramatic swings: after reaching a $45B valuation in mid-2021, a combination of rising interest rates and tech market downturn led to a downround in 2022, cutting its valuation to $6.7 billion (an 85% drop). The company restructured, laying off 10% of its staff, and refocused on profitability. By 2023, Klarna returned to profit and saw renewed growth, aided by expanding beyond BNPL into a full shopping app with price comparison, loyalty features, and banking services (Klarna obtained a banking license in Europe in 2017). In 2025, Klarna reportedly delayed an IPO amid market volatility but ultimately went public in September 2025, raising $1.37 billion. Despite valuation fluctuations, Klarna remains the global leader in BNPL, with a strong brand among Gen Z and millennial shoppers. Its journey from a small Stockholm startup to a financial giant serving 65 million customers (2025) at one point valued at $75 billion exemplifies the rise (and resiliency) of Europe’s fintech sector.
Founded in 2023, Lovable builds an AI-powered full-stack software development platform that converts natural-language prompts into deployable applications. The product generates real frontend and backend code, integrates directly with GitHub, and is used by both non-technical founders for MVP creation and enterprise teams for rapid prototyping.
Resistant AI focuses on AI-driven fraud detection for financial services, specifically identifying manipulated documents used in KYC and onboarding. Its models detect fake paystubs, doctored IDs, and synthetic documents that bypass traditional checks. As digital fraud grows more sophisticated, Resistant AI has become a critical partner for fintechs and banks. By 2026, it is a leading Czech player in the FinTech security category.
Wayve is the UK's flagship autonomous driving startup and a differentiated answer to Waymo. While many competitors depend on heavy lidar stacks and pre-mapped environments, Wayve pioneered end-to-end deep learning for driving. Its "AV2.0" approach trains a single model to perceive and drive directly from camera inputs, enabling generalized behavior in new cities without expensive high-definition maps. This learning-based philosophy positions Wayve as a software company that can scale autonomy across geographies more rapidly than hardware-heavy rivals. The period from 2025 to 2026 has been transformative. After a blockbuster $1B Series C in 2024, Wayve entered advanced talks for a further $2B round in late 2025, with SoftBank and Microsoft reportedly doubling down. That capital is fueling the rollout of the Gen 3 AI Driver, built on Nvidia's THOR compute platform and designed to handle long-tail edge cases. The system can reason about ambiguous road behavior in ways that rule-based stacks struggle with, such as anticipating risky cyclists or interpreting human gestures at crossings. By 2026, Wayve is no longer just a research lab. It has launched commercial pilot programs in London and Munich with grocery delivery fleets, working with partners like Ocado and Asda. The company's strategy is firmly B2B: licensing its Driver software to automotive OEMs and fleet operators who want Level 3/4 autonomy without spending billions to build a full stack in-house. This positions Wayve as a middleware layer for autonomy rather than a consumer-facing brand, and it aligns with the industry's shift toward autonomous logistics and commercial fleets. Wayve's origin story is closely tied to Entrepreneur First, where co-founders Alex Kendall and Amar Shah met and launched the company. Its headquarters in London's King's Cross Knowledge Quarter keeps it adjacent to DeepMind, the Crick Institute, and a dense cluster of AI talent. The investor list reflects both strategic and financial backing: SoftBank led the Series C, Microsoft provides cloud infrastructure via Azure, Nvidia is a strategic hardware investor, and Uber is a partner for potential robotaxi deployment. Early deep-tech support came from Eclipse Ventures. In 2026, Wayve represents Europe's most credible attempt to build generalized, map-light autonomy at scale.
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