- CEO
- Henrik Jerner
- Full Time Employees
- 2
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Vallgatan 27 Gothenburg Sweden 411 16
- IPO Date
- Jul 7, 2020
- Business
- Northern CapSek Ventures AB (publ) (NGM: CAPS) is a Sweden-based venture capital firm that invests in early-stage growth technology companies, primarily at the Series A funding stage, with scalable business models and potential for international expansion. The company targets tech-driven sectors including Software as a Service (SaaS), Internet of Things (IoT), computer gaming, artificial intelligence/machine learning (AI/ML), satellite communications, energy efficiency solutions, robotics, and digital services for industries such as mining, restaurants, and medical diagnostics; its portfolio comprises Phase 2 holdings like Arctic Space Technologies (ground station infrastructure for satellite data downlink), Arkimera Robotics (self-learning accounting algorithms), Noda Intelligent Systems (AI-based energy optimization), PubQ (restaurant digitization), and RockSigma (mining analytics), alongside Phase 1 companies including AI Medical (AI skin cancer diagnostics) and select listed entities. Founded in 2015 and headquartered in Gothenburg, Sweden, Northern CapSek Ventures operates across southern and mid-Sweden growth regions such as Gothenburg, Malmö, Luleå, and Skellefteå, providing minority investments (initially 5-10%, targeting 25-30% over time), strategic expertise, and active ownership support without fixed divestment timelines, while emphasizing sustainability aligned with UN global goals.
In recent developments, the company announced in 2025 a non-binding letter of intent for a reverse merger with portfolio company Arctic Space Technologies, under which Northern CapSek Ventures would acquire all shares of Arctic Space in exchange for new shares, positioning Arctic Space shareholders as majority owners and listing the combined entity with the investment portfolio housed in a subsidiary for enhanced growth in the space and defense sectors. Concurrently, it launched a rights issue in October 2025 (subscription period October 21 to November 4) to raise capital for financial flexibility in executing this structural transaction, selective add-on investments, and increased stakes in promising portfolio companies like those in Phase 2, with guarantee and subscription commitments reaching approximately 66.5% at launch. Additionally, Northern CapSek Ventures participated in an equity funding round for RockSigma alongside Partnerinvest Norr in 2025, underscoring its ongoing commitment to bolstering high-growth holdings amid rapid portfolio revenue expansion averaging over 50% annually for Phase 2 companies.