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Spintop Ventures is an early-stage technology venture capital firm founded in 2010 and based in Sweden. The firm specializes in investing in innovative software-based technology companies from the Nordic region, aiming to support their growth into sector leaders while contributing to a sustainable society. Spintop Ventures has raised four funds over its 15-year history, with total commitments in the hundreds of millions of euros, including its latest Fund IV, which is approximately €90 million and backed by the European Investment Fund (EIF).
The firm operates primarily in the Nordic region, with a focus on Sweden, Finland, Norway, and Denmark. Spintop Ventures has a diverse portfolio, with around 40% of its investments outside Sweden, reflecting an intentional strategy to avoid a Stockholm-centric bias. The firm has established a permanent office in Copenhagen, Denmark, to further enhance its regional presence.
Spintop Ventures emphasizes sustainability, diversity, and broad-based economic development in its investment strategy. The firm evaluates both financial and operational metrics alongside environmental impact, ensuring that its investments align with a vision for a sustainable future.
Spintop Ventures primarily invests in early-stage companies within the Information and Communications Technology (ICT) sector, also referred to as TIME (Technology, Information, Media, and Telecommunications). The firm targets businesses that serve both other businesses and consumers, seeking those with a strong technological foundation capable of achieving rapid growth. Investment stages include Seed, Seed+ (Extension), and Series A, with an average investment size of approximately $3.69 million per round.
Sustainability is a core component of Spintop Ventures' investment strategy. The firm evaluates sustainability alongside financial and operational metrics, ensuring that its portfolio companies align with environmentally responsible practices. This focus on sustainability is reflected in their portfolio, which includes companies in sectors such as SaaS, AI, healthcare, fintech, consumer, and commerce.
Spintop Ventures has a portfolio of 8 companies, showcasing a diverse range of innovative technology solutions. Notable portfolio companies include:
Finn Persson: Partner & Co-founder. Finn has extensive experience in venture capital and technology investments, having co-founded Spintop Ventures in 2010. He focuses on identifying promising startups and guiding them through their growth phases.
Erik Wenngren: Partner & Co-founder. Erik brings a wealth of knowledge in technology and entrepreneurship, playing a key role in shaping the firm's investment strategy and portfolio management.
Sami Niemi: Partner. Sami has a strong background in technology investments and works closely with portfolio companies to drive growth and operational efficiency.
Peter Carlsson: Partner. Peter specializes in early-stage investments and has a keen eye for identifying innovative technology solutions in the Nordic market.
Helen Agering: Partner. Helen focuses on sustainability and impact investing, ensuring that portfolio companies align with environmentally responsible practices.
Caritta Seppä: Investment Manager. Caritta supports the investment team in evaluating potential opportunities and managing existing portfolio companies.
Kremena Toshev: Principal. Kremena plays a vital role in sourcing deals and conducting due diligence on prospective investments.
To pitch to Spintop Ventures, founders should use the contact email provided on their website or reach out directly to Finn Persson. A well-structured pitch deck should include an overview of the business model, market opportunity, financial projections, and details on sustainability initiatives. Response times may vary, but founders can expect to hear back within a few weeks.
Warm introductions are preferred, as they can enhance the likelihood of a favorable review. Founders are encouraged to highlight any connections to existing portfolio companies or industry contacts when reaching out.
In August 2025, Spintop Ventures announced the opening of a permanent office in Copenhagen, Denmark, to enhance its regional presence and support its expansion efforts in the Nordic market. This move is part of the firm's strategy to diversify its investments across the region.
Spintop Ventures has been actively investing in notable software technology companies, including recent investments in Small Giant Games and Crosser Technologies. These companies have garnered attention in the tech community for their innovative solutions and growth potential.
In 2022, Spintop Ventures launched its fourth fund, Fund IV, which is approximately €90 million and backed by the European Investment Fund (EIF). This fund aims to support early-stage technology companies in the Nordic region, with a strong emphasis on sustainability.
What are Spintop Ventures' investment criteria?
Spintop Ventures focuses on early-stage technology companies in the Nordic region, particularly in the ICT sector. They seek businesses with a strong technological foundation and rapid growth potential, emphasizing sustainability in their investment decisions.
How can I pitch to Spintop Ventures?
Founders can pitch to Spintop Ventures through their website or by emailing Finn Persson at finn.persson@spintopventures.com. It is advisable to include a clear business plan, financial projections, and details on how the startup aligns with sustainability goals.
What makes Spintop Ventures different from other VCs?
Spintop Ventures distinguishes itself by its strong emphasis on sustainability and its commitment to supporting companies that contribute positively to society. The firm evaluates both financial performance and environmental impact, ensuring alignment with sustainable practices.
What is the geographic scope of Spintop Ventures?
The firm primarily invests in the Nordic region, including Sweden, Finland, Norway, and Denmark. They have a significant focus on diversifying their portfolio across these countries.
What is the average check size for investments?
Spintop Ventures typically invests around $3.69 million per round, targeting early-stage companies at the Seed, Seed+, and Series A stages.
What kind of support does Spintop Ventures provide to portfolio companies?
Spintop Ventures adds value through strategic guidance, access to a broad network of industry contacts, and operational support to help portfolio companies scale effectively.
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