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Lunova AB is a venture capital firm established to support early-stage businesses in the Norrbotten and northern Västerbotten regions of Sweden. Founded with the aim of fostering viable business ideas, Lunova plays a crucial role in job creation within Upper Norrland. The firm is equally owned by LTU Holding, Norrsådd, and Sparbanken Nord, which reflects its strong regional ties and commitment to local economic development.
Headquartered in Luleå, Sweden, Lunova operates from Aurorum Science Park, a hub for innovation and research linked to Luleå University of Technology. The firm has a total of six active portfolio companies and has successfully completed six exits, demonstrating its engagement in the startup ecosystem. Lunova's investment strategy is closely aligned with the university's research output, particularly in sectors such as mining technology and space technology.
Lunova invests in early-stage companies that exhibit innovative ideas with the potential for long-term success. The firm primarily focuses on pre-seed, seed, and seed-plus stages, providing minority equity capital to newly established or growth-oriented companies. This investment strategy is designed to contribute to the economic development of Upper Norrland, where Lunova seeks to create new job opportunities.
The firm emphasizes its commitment to supporting businesses that are linked to its region, leveraging its strong connections with Luleå University of Technology. Lunova looks for founders who demonstrate a clear vision and the ability to execute their ideas effectively. The firm also provides business expertise to help portfolio companies navigate the challenges of early-stage growth, enhancing their chances of success.
Lunova's portfolio includes a diverse range of companies that reflect its investment focus on innovative ideas. Notable portfolio companies include:
In addition to its active portfolio, Lunova has achieved notable exits, including:
Peter Ericson - Chairman. Peter has extensive experience in venture capital and has been instrumental in guiding Lunova's investment strategy.
Lisa Ek - Board Member. Lisa brings a wealth of knowledge in business development and has a strong background in supporting startups.
Mats Nordlund - Board Member. Mats has a background in finance and investment, contributing to Lunova's financial oversight and strategic direction.
Åsa Andersson - Board Member. Åsa has experience in entrepreneurship and innovation, providing valuable insights into the startup ecosystem.
To pitch to Lunova, founders should send their proposals via email to info@lunova.se. It is important to include a comprehensive business plan, highlighting the innovative aspects of the idea, the target market, and the team’s qualifications. Lunova appreciates detailed presentations that clearly outline the business model and growth strategy.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
As of March 2026, Lunova has maintained an active presence in the startup ecosystem, with a total of six active portfolio companies and six successful exits. The firm continues to focus on early-stage investments in innovative companies within Upper Norrland.
Recent activities include ongoing support for portfolio companies and engagement with local entrepreneurs to foster new business ideas. Lunova's commitment to regional economic development remains a key aspect of its mission.
What are Lunova's investment criteria?
Lunova focuses on early-stage companies in the Norrbotten and northern Västerbotten regions of Sweden. The firm seeks innovative ideas with the potential for long-term success and provides minority equity capital to support these ventures.
How can I apply or pitch to Lunova?
What makes Lunova different from other venture capital firms?
Lunova's unique focus on the Upper Norrland region and its strong ties to Luleå University of Technology set it apart. The firm not only provides financial support but also offers business expertise and access to research and innovation.
What is Lunova's geographic scope?
The firm primarily invests in the Norrbotten and northern Västerbotten regions of Sweden, targeting early-stage companies that are linked to this area.
What is Lunova's post-investment involvement like?
Lunova actively supports its portfolio companies by providing business expertise and guidance, helping them navigate the challenges of early-stage growth.
What is the typical check size for Lunova's investments?
While specific check sizes are not disclosed, Lunova focuses on providing minority equity capital to early-stage companies, which typically involves smaller investments compared to later-stage funding.
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