Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Wellstreet is an early-stage venture capital firm founded in 2016 and based in the Nordic region. The firm focuses on investing in technology companies and supporting their development up to the scale-up stage. Wellstreet aims to build and accelerate innovations and entrepreneurs, emphasizing sustainability and positive disruption in business practices.
As of now, Wellstreet manages a total of approximately $40 million across its funds, including a dedicated fintech fund launched in February 2022. The firm has invested in around 35 companies, showcasing its active role in the Nordic tech ecosystem. Wellstreet operates from two office locations: Stockholm and Gothenburg, providing a strong presence in the region.
Notable milestones include the successful exit of Bambuser, an e-commerce platform, which highlights Wellstreet's capability to identify and nurture high-potential startups. The firm’s commitment to sustainability is further reinforced by its unique ESG framework, which guides its investment decisions and portfolio management.
Wellstreet primarily invests in early-stage Nordic tech companies, with a focus on sectors such as fintech, e-commerce, proptech, and greentech. The firm’s investment strategy is characterized by a check size range of $200,000 to $700,000, allowing for flexibility in supporting startups at various stages of their growth. Wellstreet's unique ESG framework ensures that sustainability and exit paths are considered from the outset, aligning with its mission to drive positive disruption in business practices.
The firm actively seeks to partner with founders who are committed to building sustainable businesses. Wellstreet's investment thesis emphasizes leveraging technology to create innovative solutions that address market needs while promoting environmental and social responsibility. This approach not only enhances the potential for financial returns but also contributes to a more sustainable future.
Wellstreet's portfolio includes a diverse range of companies, primarily in the technology sector. Notable portfolio companies include:
Overall, Wellstreet has invested in approximately 35 companies, demonstrating its active engagement in the Nordic tech ecosystem. The firm’s focus on sustainability and positive disruption is evident in its selection of portfolio companies, which align with its investment thesis.
Mikael Wintzell: Founding Partner & Chairman of the Board. Wintzell has a background as a former executive at Klarna, bringing extensive experience in the fintech sector.
Maria Lindholm: CEO. Lindholm leads the firm’s operations and strategic direction, focusing on building relationships within the Nordic tech ecosystem.
Henric Enhörning: Partner & Chief Governance Officer. Enhörning oversees governance and compliance, ensuring that portfolio companies adhere to best practices.
Konrad Bergström: General Partner. Bergström contributes to investment decisions and portfolio management, leveraging his expertise in technology.
Armando Coppola: Partner & Fund Manager. Coppola manages fund operations and investor relations, focusing on maximizing returns for stakeholders.
Jessica Rameau: Partner & Fund Manager. Rameau plays a key role in identifying investment opportunities and supporting portfolio companies.
Niclas Lehmann: CFO. Lehmann manages the firm’s financial operations and reporting, ensuring fiscal responsibility.
Mikael Magnusson: Partner. Magnusson contributes to investment strategy and portfolio development, focusing on sustainable business practices.
To pitch to Wellstreet, founders should use the application portal available on their website at wellstreet.se. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. Wellstreet prefers pitches that emphasize sustainability and innovative technology solutions.
Response times may vary, but founders can generally expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory. Wellstreet encourages direct applications from founders who align with their investment focus.
In February 2022, Wellstreet launched a dedicated fintech fund, expanding its investment focus within the technology sector. This fund aims to support early-stage fintech companies in the Nordic region.
As of March 2026, Wellstreet is actively deploying capital from its Ventures Fund II, which is currently in operation alongside its fintech fund. The firm has invested in approximately 25 companies through its first fund, which is now fully deployed.
Wellstreet continues to emphasize sustainability in its investment approach, leveraging its unique ESG framework to guide portfolio management and decision-making.
What are Wellstreet's investment criteria?
Wellstreet invests in early-stage Nordic tech companies, focusing on sectors such as fintech, e-commerce, proptech, and greentech. The firm typically provides check sizes ranging from $200,000 to $700,000.
How can I apply or pitch to Wellstreet?
Founders can pitch to Wellstreet through their website at wellstreet.se. It is advisable to include a detailed business plan and information about the team and market opportunity in the pitch deck.
What makes Wellstreet different from other VC firms?
Wellstreet emphasizes sustainability and positive disruption in its investment approach. The firm has developed a unique ESG framework that guides its investment decisions, ensuring that sustainability is a core consideration for all portfolio companies.
What is Wellstreet's geographic scope?
Wellstreet primarily focuses on the Nordic region, investing in early-stage tech companies based in countries such as Sweden, Norway, Denmark, and Finland.
What is Wellstreet's post-investment involvement like?
Wellstreet adds value to its portfolio companies by providing strategic guidance, facilitating connections within the Nordic tech ecosystem, and leveraging its ESG framework to drive growth and sustainability.
What is the size of Wellstreet's funds?
Wellstreet manages approximately $40 million in its fintech fund, while its first fund was closed at 175M SEK (around $17 million USD) and is fully invested.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.