About Gungnir Capital
Gungnir Capital is a venture capital firm founded in 2025. It is primarily based out of Stockholm, Sweden. As of Jun 2026, Gungnir Capital is an active investor, having invested in 2 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from High Tech to Aerospace, Maritime and Defense Tech and Industrial Goods and Manufacturing. Most recently it participated in the $***** Seed round of Acodyne A lot of funds co-invest with Gungnir Capital, with names like NIF sharing a substantial percentage of its portfolio. Gungnir Capital has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Gungnir Capital's List of All Investments
Gungnir Capital has a portfolio of 2 companies. Their most notable investmentis in AcodyneTheir portfolio spans across Denmark and Finland. They have invested in High Tech, Aerospace, Maritime and Defense Tech, Industrial Goods and Manufacturing, across Seed, Series A stages. Here is the list of all investments by Gungnir Capital:
1. Kelluu
Developer of electricity transmission based utility projects. It offer a cost-effective solution for large-scale, high-resolution data acquisition across all sectors. It provides integration of autonomous, emission-free airships, hardware, and software creates a unique ecosystem that sets apart in the field of aerial data services.
Key facts about Kelluu
- Founded Year: 2018
- Location: Joensuu (Finland)
- Annual Revenue: €0 - €1M as on Dec 31, 2024
- Stage: Series A
- Total Funding till date: $17.6M
- Employee Count: 45 as on May 31, 2026
- Investors: Keen Venture Partners, Redstone and 3 Others
- Latest Funding Round: Series A, Apr 14, 2026, $*****
- Highlight: Editors' Pick
2. Acodyne
Developer of electric ducted fan cargo drone systems. These systems are designed for high-speed, heavy-lift air freight, prioritizing safety, efficiency, and environmental responsibility. The drones are built to operate in various weather conditions and feature a short ground turnaround time. The design incorporates automated manufacturing processes for cost-effectiveness.
Key facts about Acodyne
- Founded Year: 2023
- Location: Denmark
- Stage: Seed
- Total Funding till date: $2.87M
- Investors: Danmarks Eksport og Investeringsfond, PSV Deeptech and 3 Others
- Latest Funding Round: Seed, Jun 22, 2026, $*****
Gungnir Capital's Year-on-Year Investment Trends
Gungnir Capital has invested in Acodyne and Kelluu in 2026. As of Jun 2026, it has made 2 investments in this year. Its most recent first time investment was in Acodyne.Gungnir Capital's Investments by Stage
Gungnir Capital has made 1 investment in Seed stage with an average round size of $2.87M and 1 investment in Series A stage with an average round size of $17.6M.Gungnir Capital's Investments by Sector
Gungnir Capital has a diverse portfolio, with companies operating in the Aerospace, Maritime and Defense Tech, High Tech, Industrial Goods and Manufacturing and Internet of Things - Industry Applications. Notably, it has invested in 2 Enterprise (B2B) companies, 2 Tech companies, 1 Software company and 1 company focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Aerospace, Maritime and Defense Tech | 2 |
High Tech | 2 |
Industrial Goods and Manufacturing | 1 |
Internet of Things - Industry Applications | 1 |
Note: We have considered here, only first round of investments
Gungnir Capital's Investments by Geography
Gungnir Capital has made most investments in Denmark (1), followed by Finland where it has made 1 investment.Gungnir Capital's recent investments
Gungnir Capital has made 2 investments in 2026 so far - Acodyne and Kelluu.Here are the most recent investments by Gungnir Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 22, 2026 | Denmark | Seed | 1016 | [+3] | |
Apr 14, 2026 | Finland | Series A | 7929 | [+2] |
Team profile of Gungnir Capital
Gungnir Capital has a team of 3 members including 3 Partners located in Italy, Sweden and 1 more location. Gungnir Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Gungnir Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Berlin | - | ||
Partner | Como | - | ||
Partner | Stockholm | - |
Co-investors of Gungnir Capital
Over the past year, 8 investors have co-invested in Gungnir Capital's portfolio companies. This includes only funds.
Recent News related to Gungnir Capital
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Acodyne Raises €2.5 Million in Pre-Seed Funding for Unmanned Cargo AircraftStartup Rise EU•Jun 23, 2026•PSV Deeptech, Gungnir Capital, Acodyne, Eifo
•
Kelluu Raises €15M To Build Europe’s Persistent Aerial Intelligence LayerStartup Rise EU•Apr 14, 2026•Tesi, NIF, Kelluu, Keen Venture Partners and 1 other
