Luminar Ventures

Quick read

Luminar Ventures is a seed-stage VC founded in 2017 and headquartered in Stockholm, Sweden. It's one of the most active pre-seed and seed investors in the Nordics, managing two funds totalling over €130M and backing scalable digital companies across the region. The firm leads seed rounds typically between €500K and €2.5M, with hands-on operational support from a team of former founders and angel investors.

Key facts

Founded

2017

Founders

Magnus Bergman, Jacob Key

Employees

18

Sectors

saas, ai, consumer, healthcare, generalist

Website

www.luminarventures.com

Investment thesis

Luminar backs scalable digital companies at pre-seed and seed stage, primarily from the Nordics, writing cheques of €500K–€2.5M and leading rounds while providing hands-on operational support. It targets founders with ambitions to disrupt major industries across SaaS, AI, healthtech, and consumer verticals.

Recent activity

• Jun 2026press
  Magnus Bergman and Reid Jackson are attending SuperReturn International 2026 in Berlin (June 8–10) to meet LPs, GPs, and partners, with a focus on AI opportunities and Nordic venture market dynamics. se.linkedin.com
• Jun 2026investment
  Portfolio company Lightbringer raised €8.6 million to expand its AI patent platform across Europe and the US. eu-startups.com
• Apr 2026investment
  Portfolio company Redpine secured €6.8 million to supply licensed premium data for AI agents. eu-startups.com
• Mar 2026investment
  Portfolio company Photoncycle raised €15 million to scale its household seasonal solar energy storage solution. eu-startups.com
• Feb 2026investment
  Portfolio company Berget AI raised €2.1 million, with demand cited for sovereign AI infrastructure in Europe. tech.eu
• Feb 2026press
  Luminar published a Founder Series interview with Vish Ramakrishnan, CEO of portfolio company FirstQFM, covering the firm's machine learning foundation models for quantum computing calibration. firstqfm.com
• Oct 2025investment
  Portfolio company FirstQFM raised €1.2 million to accelerate commercial quantum computing using proprietary foundation models. eu-startups.com
• undatedfundraise
  Luminar Ventures closed its second fund at €65 million, targeting AI and fintech investments in the Nordics. tech.eu
• Feb 2026investment
  Luminar Ventures participated in a funding round for Berget AI alongside two other investors. crunchbase.com
• 2025press
  Luminar published a Founder Series interview with Baltsar Sahlin, CEO and co-founder of portfolio company Mynt, detailing the firm's early involvement at the pre-product stage. luminarventures.com
• 2025press
  Luminar published an Angel Access interview with Jonas Axelsson, a Stockholm-based operator and angel investor, covering early-stage hiring and co-investment dynamics with Luminar portfolio companies. luminarventures.com
• 2025press
  Portfolio company Open Payments was selected by Fortnox, bringing banking functionality to approximately 600,000 customers. luminarventures.com

Notable investments

• LightbringerundisclosedJun 2026eu-startups.com
• RedpineundisclosedApr 2026eu-startups.com
• Fika Jobsundisclosed ($4M)undatedluminarventures.com
• PhotoncycleundisclosedMar 2026eu-startups.com
• Berget AISeedFeb 2026tech.eu
• FirstQFMSeedOct 2025eu-startups.com
• Deckmatchundisclosedundatedluminarventures.com
• Yazenundisclosedundatedluminarventures.com
• Berget AIundisclosedFeb 2026crunchbase.com
• Pet Buddy GroupSeedundisclosedluminarventures.com
• ReCarberSeedundisclosedluminarventures.com
• AviantSeedundisclosedluminarventures.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Magnus Bergman · Founding General Partner
  LinkedIn
• Jacob Key · Founding General Partner
• Reid Jackson · Investor
  LinkedIn
• Anki Forsberg · Partner

Sources

• Luminar Ventures | LinkedIn
• Luminar Ventures – Official Website
• Luminar Ventures – Our Team
• Luminar Ventures Information – RocketReach
• Luminar Ventures – Tracxn
• Luminar Ventures investment portfolio | PitchBook
• Luminar Ventures – LeadIQ
• Luminar Ventures – CB Insights
• Luminar Ventures | EU-Startups
• https://www.crunchbase.com/organization/luminar-ventures/investor_summary/overview_timeline
• https://www.luminarventures.com/post/interview-with-baltsar-sahlin-ceo-co-founder-of-mynt
• https://www.luminarventures.com/post/angel-access-jonas-axelsson
• https://www.luminarventures.com/news-insights
• https://se.linkedin.com/company/luminar-ventures
• https://www.eu-startups.com/tag/luminar-ventures/
• https://tech.eu/tag/luminar-ventures/
• https://firstqfm.com/news/luminar-ventures-founder-series-vish-ramakrishnan

Other VCs in Sweden

• Creandum · Early-stage VC, Stockholm·
• Northzone · Multi-stage VC, Stockholm + London·
• EQT Ventures · Multi-stage VC, Stockholm·
• Industrifonden · Multi-stage VC, Stockholm·
• Schibsted Ventures · CVC, Stockholm·
• Pale Blue Dot · Seed-stage VC, Sweden

Explore VCs by sector

• SaaS in Sweden
• Consumer in Sweden

Globally

• SaaS worldwide
• Consumer worldwide

Frequently asked