About ACACIA
ACACIA is a venture capital firm founded in 2007. It is primarily based out of Stockholm, Sweden. As of Mar 2023, ACACIA has invested in 22 companies. It primarily invests in Seed round in Sweden based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and Retail. Most recently it participated in the $***** Seed round of Iamip Overall, ACACIA portfolio has seen 1 IPO and 5 acquisitions including key companies like Stillfront, Minna Technologies and Detail Online. Industrifonden co-invest with ACACIA, sharing a substantial percentage of its portfolio. ACACIA has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
ACACIA's List of Top Investments
ACACIA has a portfolio of 22 companies. Their most notable investments are in Detail Online and Gritify.Their portfolio spans across Sweden and Australia. They have invested in Enterprise Applications, Life Sciences, Retail and 13 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by ACACIA:1. Stillfront
Developer of digital games across multiple genres and gaming platforms. The company focuses on creating engaging gaming experiences for a diverse audience. It develops games that offer rewarding hobbies, social experiences, and strategic challenges. The company provides a portfolio of games across various genres.
Key facts about Stillfront
- Founded Year: 2004
- Location: Stockholm (Sweden)
- Stage: Public
- Total Funding till date: $2.5M
- Employee Count: 172 as on May 31, 2026
- Investors: IQ Capital and ACACIA
- Latest Funding Round: Post IPO, Jun 17, 2020, $*****
- Highlight: Public
2. Accedo
Provider of video management solutions. It offers TV applications, tools, and services to media companies, consumer electronics, and TV operators. It offers Via Go which is a ready-to-deploy set of Android, iOS, Apple TV, and web applications for media companies and content owners. The solution enables users to launch dynamic video services across multiple screens. It offers products for UX management, configuration management, analytics, AB testing, monitoring, end-user access control, and application framework. The solution offered by the company can be used by broadcasters & studios, pay-TV operators, content providers & MCNs, and digital marketers.
Key facts about Accedo
- Founded Year: 2004
- Location: Stockholm (Sweden)
- Stage: Series B
- Total Funding till date: $28.3M
- Employee Count: 435 as on May 31, 2026
- Investors: SEB, Industrifonden and 4 Others
- Latest Funding Round: Series B, Jan 03, 2019, $*****
- Highlight: Editors' Pick
3. Epishine
Developer and provider of solar modules. The solar cells produced can be printed on recyclable plastic. It offers a tool that converts indoor light into a power source. The solar cells can be integrated into devices and applications, in sectors such as retail, smart buildings, and consumer electronics.
Key facts about Epishine
- Founded Year: 2016
- Location: Linkoping (Sweden)
- Stage: Series A
- Total Funding till date: $19.4M
- Employee Count: 56 as on May 31, 2026
- Investors: Swedish Energy Agency, EIC Fund and 14 Others
- Latest Funding Round: Grant (prize money), Oct 13, 2025, $*****
- Highlight: Editors' Pick
4. Nextory
Provider of digital subscription service for audiobooks, e-books, and magazines. The platform offers a wide range of categories, including fiction, non-fiction, and children's literature. Users can access content on smartphones or tablets through dedicated applications. The service provides options for offline listening and reading.
Key facts about Nextory
- Founded Year: 2013
- Location: Sweden
- Stage: Series A
- Total Funding till date: $5.7M
- Employee Count: 137 as on Mar 31, 2026
- Investors: Industrifonden, Centripetal and 3 Others
- Latest Funding Round: Series A, Apr 27, 2017, $*****
Provider of technology solutions that empower businesses to fight fraud. The company offers intelligence throughout the purchase journey to close communication gaps. Its solutions enable stakeholders in the payments ecosystem to access insights. The company's offerings help reduce chargebacks and improve customer experiences.
Key facts about Minna Technologies
- Founded Year: 2016
- Location: Gothenburg (Sweden)
- Annual Revenue: $1M - $10M as on Dec 31, 2023
- Stage: Acquired
- Total Funding till date: $28M
- Employee Count: 20 as on May 31, 2026
- Investors: MiddleGame Ventures, Visa and 7 Others
- Latest Funding Round: Series B, Jan 14, 2021, $*****
- Highlight: Acquired
ACACIA's Year-on-Year Investment Trends
ACACIA has invested in 22 companies over the last 21 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Gritify and most recent follow-on round was in Iamip.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
2017 | 3 | 0 | 3 |
ACACIA's Investments by Stage
ACACIA has made 11 investments in Seed stage with an average round size of $1.07M, 4 investments in Series A stage with an average round size of $3.29M, 1 investment in PE stage and 1 investment in Series B stage.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Series A | 4 |
PE | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
ACACIA's Investments by Sector
ACACIA has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Media & Entertainment, Retail and Business Services. Notably, it has invested in 16 Tech companies, 14 Enterprise (B2B) companies, 9 Software companies and at least 7 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 3 |
Media & Entertainment | 2 |
Retail | 2 |
Business Services | 1 |
Others | 11 |
Note: We have considered here, only first round of investments
ACACIA's Investments by Geography
ACACIA has made most investments in Sweden (16), followed by Australia where it has made 1 investment.Country | No. of Investments |
|---|---|
Sweden | 16 |
Australia | 1 |
Note: We have considered here, only first round of investments
ACACIA's recent investments
ACACIA has not made any investment in 2026 so far.Here are the most recent investments by ACACIA:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 14, 2023 | Sweden | Seed | 7353 | [+1] | |
Jun 24, 2022 | Sweden | Seed | 1259 | - | |
Dec 19, 2018 | Sweden | Series A | 1471 | ||
Apr 27, 2017 | Sweden | Series A | 6790 | ||
Apr 18, 2017 | Sweden | Seed | 1834 | - |
IPOs and Publicly Listed companies in ACACIA's Portfolio
1 of ACACIA's portfolio company became public - Stillfront. It got listed on the Nordic and Baltic regions (NASDAQ OMX), in Dec 2015.Here are ACACIA's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 08, 2015 | 2013 | Seed | 7581 |
Acquired companies in ACACIA's Portfolio
5 companies from ACACIA's portfolio have been acquired. The most recent acquisition was Minna Technologies in Oct 2024 by Mastercard for $*****.Here are ACACIA's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 01, 2024 | - | - | 5210 | |
Aug 01, 2022 | - | - | 1657 | |
Jan 18, 2021 | Dec 19, 2018 | Series A | 8548 | |
May 13, 2013 | 2005 | Series B | 9103 | |
Mar 23, 2011 | 2009 | Seed | 6082 |
Team profile of ACACIA
ACACIA has a team of 3 members including 3 Partners located in Sweden. ACACIA's team does not sit on the board of any company as of now.Here is a list of all team members in ACACIA:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Stockholm | - | - | |
Partner | Stockholm | - | ||
Partner | - | - | - |
Co-investors of ACACIA
Over the past 21 years, 19 investors have co-invested in ACACIA's portfolio companies. This includes funds and angels.
- Invested before ACACIA: Aggregate Media, Verdane and 2 others have invested in rounds before ACACIA. There are 2 companies where Aggregate Media has invested before ACACIA and 2 companies where Verdane has invested before ACACIA.
- Top Co-investors of ACACIA: Industrifonden entered a company along with ACACIA.
- Invested after ACACIA: A total of 14 investors have invested in ACACIA's portfolio after their investments. Top Investors include Europa (2 companies), Kinnevik (1 company) and AMF (1 company).
Recent News related to ACACIA
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Swedish e-book platform collects €9.3M to offer richer reading experiencesArcticStartup•Jun 20, 2022•Nextory, Industrifonden, ACACIA, Lk
