SNÖ Ventures

SNÖ Ventures is thrilled to double down on our support of MusicInfra - Björn Lindvall, Jules Parker, Aileen Atkins, Greg Quillard and team - with a new fundraise led by MiddleGame Ventures. Congrats to the MusicInfra team, and we’re proud to continue the journey alongside our early partners Aditya Harnal, Fred Davis and Gordon Rubenstein at Raine Ventures and John H. Yang at UTA, and a warm welcome on board to Kanishk Walia at MiddleGame Ventures.

✨ We’re very excited to back Nolla Health, founded by Luis Wenus, Luis Soenksen and Sean Geiger. Nolla is building personal AI doctors — starting with dermatology. With a fully vertical, AI-native care platform, they’re reimagining healthcare from the ground up. 🙏 Glad to join the journey alongside General Catalyst and world-class angels.

We have exciting news to share. Building on SNÖ’s success, and our reflections on how we can best create value as investors, we, the partners at SNÖ, have each decided to launch our own new funds. These next chapters will allow each of us to go deeper into our individual strengths and passions, while keeping the same spirit of backing ambitious founders in a lean and agile way. SNÖ Fund I has delivered top-percentile returns, and Fund II is already showing strong early momentum toward the same. More importantly, the SNÖ journey has given us the chance to partner with extraordinary founders and build lasting relationships that continue to inspire us. We remain fully committed to supporting the SNÖ portfolio, and to supporting each other as we take these next steps. We’re excited to share more about our new directions in the weeks and months ahead!

We’re proud to continue to support Nordic Air Defence as they raise another 30M SEK in a round led by Inflection.xyz. Their first product, the Kreuger 100, is a lightweight, software-based drone interceptor — 10x cheaper to produce than traditional systems. With top talent joining from FLIR, Anduril, and Einride, NAD is building exactly what Europe needs: homegrown, scalable defence tech. https://lnkd.in/et7P9VaT

A proud moment for our portfolio company Nordic Air Defence - hosting Swedish Prime Minister Ulf Kristersson and highlighting the essential role defence tech plays in securing Europe’s future. At SNÖ Ventures, we’re honored to support Karl Rosander, Jens Holzapfel, and the entire NAD team as they build cutting-edge solutions for modern aerial security. Defence tech is peace tech.

Let’s make Norway 🇳🇴 a leading startup nation. We’re proud to join as a Founding Member of NAST | Norwegian Alliance for Startups and Tech 🚀 – a new, independent voice for the Norwegian startup ecosystem. Startups, tech, and venture capital are essential to our country’s future. The nations that win the innovation race today will lead the world tomorrow. Norway has the talent and potential to be a global leader in technology. At SNÖ, we’re founders helping founders. We’ve built companies ourselves – and now we invest in the next generation of entrepreneurs. But to build global winners from Norway, we need more than capital. We need a culture that embraces ambition and risk – and political frameworks that make it possible to compete globally. That’s why we’re supporting NAST: to make sure Norwegian startups have a real voice in shaping the future. Founders build the future. Let's power them together 🌍 Anders Mjåset // Vegard Aakre Vik // Anne Lise Waal // Fredrik Harestad // Karen Dolva // Jørn Lyseggen // Marit Rødevand // Nikolai Astrup // Jonas Gahr Støre // Erna Solberg // Sylvi Listhaug // Guri Melby // Tina Bru // Alfred Bjørlo // Kjell Ingolf Ropstad

Let’s make Norway 🇳🇴 a leading startup nation. We’re proud to join as a Founding Member of NAST | Norwegian Alliance for Startups and Tech 🚀 – a new, independent voice for the Norwegian startup ecosystem. Startups, tech, and venture capital are essential to our country’s future. The nations that win the innovation race today will lead the world tomorrow. Norway has the talent and potential to be a global leader in technology. At SNÖ, we’re founders helping founders. We’ve built companies ourselves – and now we invest in the next generation of entrepreneurs. But to build global winners from Norway, we need more than capital. We need a culture that embraces ambition and risk – and political frameworks that make it possible to compete globally. That’s why we’re supporting NAST: to make sure Norwegian startups have a real voice in shaping the future. Founders build the future. Let's power them together 🌍 Anders Mjåset // Vegard Aakre Vik // Anne Lise Waal // Fredrik Harestad // Karen Dolva // Jørn Lyseggen // Marit Rødevand // Nikolai Astrup // Jonas Gahr Støre // Erna Solberg // Sylvi Listhaug // Guri Melby // Tina Bru // Alfred Bjørlo // Kjell Ingolf Ropstad

What makes a company “VC-backable”? Our Principal Kremena Toshev discussed that topic with founders yesterday at Startuplab, part of our ongoing work with early-stage teams across the Nordic startup ecosystem. She covered several key questions founders often face: - How the VC business model works — and why understanding that matters for founders when raising capital. - The kind of growth trajectory and pace that typically fits venture funding. - What influences a startup’s valuation at different stages. - And what we at SNÖ Ventures look for when evaluating new investments. There’s a lot of nuance behind these topics that doesn’t always surface in headlines or pitch decks. Our goal is to help founders navigate these dynamics early as they build. This is part of a broader dialogue we’re having across startup hubs in the Nordics. If you’re a founder thinking through these questions, or an ecosystem partner working with early-stage companies — we’re always open to connect. 📸 Sean Capon & Gisle Østereng

SNÖ Ventures is thrilled to welcome Marcus Krylborn as a Venture Partner, further strengthening SNÖ's commitment to the Danish tech ecosystem and the broader Nordic region. Marcus brings over a decade of experience from leading global tech companies including Google, Microsoft, and currently at Snap. In addition to his operating background, Marcus has been one of the region’s most active angel investors and spent more than three years as a Scout for Sequoia Capital. As a Venture Partner, Marcus will be play a core role in SNÖ’s mission to identify and support the Nordic region’s most daring tech pioneers.

Excited to see our portfolio company IntuiCell featured in Dagens Industri🧠🤖 Born from 35 years of neuroscience research, IntuiCell is building AI that learns like humans do—through direct interaction with the world. Their robotic dog Luna is just the beginning. We’re proud to support a team pioneering the next generation of AI: adaptive, intelligent, and truly self-learning. 👉 Read the full story (in Swedish): https://lnkd.in/dwKRDM7H