Special Investments
For tomorrow’s strategic technologies.
We invest in and own companies with Swedish roots that create unique value for the Wallenberg ecosystem and strengthen Sweden’s competitiveness, as well as companies with global ambitions and proven market relevance in their early growth stages.
Long-term, active ownership – close to boards and management teams
We support companies with strong growth potential and strategic importance. We invest primarily in unlisted companies, typically seeking an ownership stake of 10–49% and representation on the board. Through close collaboration with the boards and management teams of our portfolio companies, we support their continued development with a focus on sustainable value creation.
- Companies in the portfolio
- 29
- Typical ownership stake
- 10–49 %
- Countries where we have investments
- 6
Selected portfolio companies
Canucci
Provides Collective Discovery, an operational layer for strategy implementation.
Year of investment
2023
Headquarters
Stockholm, Sweden
The platform enables leaders to hold an ongoing dialogue with their organisation and make decisions based on traceable leading indicators. Canucci helps organisations build on their own capabilities and turn their leaders into change makers. The company works with many of Sweden's most prominent companies.
- Board representation from Wallenberg Investments
- Dick Lundqvist
Cinder Invest
Supports Swedish companies affected by the COVID-19 pandemic
Year of investment
2020
Headquarters
Stockholm, Sweden
Combient
Accelerates digital transformation across the industry
Year of investment
2014
Headquarters
Stockholm, Sweden
GROPYUS
Transforming the construction and real estate industries
Year of investment
2020
Headquarters
Vienna, Austria
Hymeth
Develops electrolyzers for green hydrogen
Year of investment
2025
Headquarters
Copenhagen, Denmark
Novare
One of Sweden’s leading HR companies
Year of investment
2022
Headquarters
Stockholm, Sweden
Pythom Group
Develops space infrastructure for payloads and people
Year of investment
2023
Headquarters
Zug, Schweiz
SEEQC
Develops hardware solutions for quantum computers
Year of investment
2020
Headquarters
NY, USA
SEEQC is developing the first digital quantum computing platform for a specific customer segment. Its technology integrates functionality onto a chip, enabling high performance and cost efficiency. SEEQC is based in Elmsford, New York.
- Board representation from Wallenberg Investments
- Fredrik Nordh (observer)
Sferical AI
Develops sovereign AI infrastructure for secure, world-class computing
Year of investment
2025
Headquarters
Stockholm, Sweden
Sferical AI is co-founded by AstraZeneca, Ericsson, Saab, SEB and Wallenberg Investments. The company is establishing a sovereign AI compute platform in Sweden, to give its partner companies secure, world-class AI compute that disrupts and unlocks new value with AI.
- Board representation from Wallenberg Investments
- Peter Nyllinge
Stegra
Accelerates the transition to fossil-free steel production
Year of investment
2026
Headquarters
Stockholm, Sweden
SweGaN
Semiconductor manufacturer that develops and produces Gallium Nitride on Silicon Carbide (GaN-on-SiC) epitaxial wafers
Year of investment
2026
Headquarters
Linköping, Sweden
The development of new radio frequency technology for communication, defense, and power components for energy systems hinges on ever-improving semiconductor performance. There is now a demand for transistors made from materials that can withstand higher operating parameters—such as frequency, voltage, and temperature—beyond the limits of silicon. Industry focus is shifting to a third generation of semiconductor materials, particularly silicon carbide (SiC) and gallium nitride (GaN), alongside various combinations and modifications. While these materials have been under development for decades, large-scale adoption has been hindered by quality and scalability issues, impacting cost and applicability.
Founded in 2014 by a research team from Linköping University, SweGaN is industrialising a novel GaN/SiC material structure and manufacturing process that offers superior properties and more efficient production compared to competitors. SweGaN’s advancements are key to enabling the large-scale use of these materials, and experts have recognized the company as "the best in Europe" for new GaN technology.
By investing in SweGaN, Navigare supports the establishment of a leading European supplier of next-generation semiconductors, vital for maintaining industrial competitiveness across multiple sectors.
- Board representation from Wallenberg Investments
- Fredrik Nordh
SweTree Technologies
Research and technology development company focused on forest biotechnology
Year of investment
2019
Headquarters
Umeå, Sweden
SweTree Technologies develops innovative technologies and products for the forestry sector, with a focus on improving tree growth, wood properties, and resistance to diseases and pests to secure and increase biomass production.
SweTree works with forestry companies, research institutions, and international partners to translate scientific breakthroughs in plant and forest biotechnology into commercial applications. Its goal is to help advance the bioeconomy by enabling greater use of renewable raw materials from forests.
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Team
Håkan Buskhe
Deputy CEO & Head of Special Investments
Richard Nilsson
Deputy Head of Special Investments & Head of Investment Analytics
Sofia Malm
Executive Assistant
investment units