Luminar Ventures

Luminar Ventures stands as a prominent venture capital firm specializing in early-stage technology investments across the Nordic region. With a strategic focus on disruptive seed-stage startups, the firm provides not only crucial initial financing but also hands-on operational guidance to help emerging companies transform major industries. Their investment range typically falls between €500,000 and €2.5 million, positioning them as lead investors in seed rounds for promising Nordic-based technology ventures with significant growth potential.

The firm was established by Magnus Bergman and Jacob Key, both accomplished entrepreneurs and seasoned angel investors with extensive experience in the technology sector. Prior to founding Luminar, they collectively backed more than 50 startups at their earliest stages, including several notable success stories such as Truecaller, Prezi, Sportamore, FirstVet, and Challengermode. Their entrepreneurial background gives them unique insight into the challenges facing founders, allowing them to provide value beyond capital to their portfolio companies.

Luminar Ventures was founded in partnership with Sting, recognized as Sweden's most successful startup platform, creating a powerful ecosystem for nurturing early-stage companies. Currently managing two funds with combined assets exceeding €130 million, the firm has established itself as a significant player in the Nordic venture capital landscape. Their investment thesis centers on scalable digital businesses led by visionary, highly-motivated entrepreneurial teams who demonstrate the potential to disrupt established markets or create entirely new categories.

The firm's portfolio showcases a diverse range of innovative companies that Luminar has supported on their journey from early-stage startups to emerging growth-stage businesses. Among their notable investments are Carla, Greenely, CodeScene, Hiber, Insurely, Mindler, Normative, Mynt, and Yazen, among others. Luminar's approach combines financial backing with strategic mentorship, leveraging the partners' extensive operational experience to help portfolio companies navigate critical early growth challenges, refine business models, and establish market leadership positions in their respective sectors.