About Inbox Capital
Inbox Capital is a venture capital firm founded in 1985. It is primarily based out of Stockholm, Sweden. As of Oct 2023, Inbox Capital has invested in 46 companies. It primarily invests in Series A round in Sweden based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Series B round of Fast Travel Games Overall, Inbox Capital portfolio has seen 3 unicorns, 5 IPOs and 11 acquisitions including key companies like Klarna, Truecaller and Voi. A lot of funds co-invest with Inbox Capital, with names like Bonnier Capital sharing a substantial percentage of its portfolio. Inbox Capital has team of 5 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio Acquisitions
Inbox Capital's List of Top Investments
Inbox Capital has a portfolio of 46 companies, including 3 unicorns. Their most notable investments are in Zimpler and Billogram.Their portfolio spans across Sweden, United States, Denmark and 3 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 21 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Inbox Capital:
1. Klarna
Developer of an online platform for point-of-sale financing. It enables users to purchase products within the partnered merchant network and split the cost of the purchase from the stores into interest-free payments and also works in-store. It also enables users to make instalment payments by credit or debit cards on retail purchases, receive price changes, and deal alerts. Its mobile application is available on Android and iOS platforms.
Key facts about Klarna
- Founded Year: 2005
- Location: Stockholm (Sweden)
- Stage: Public
- Total Funding till date: $4.19B
- Employee Count: 4,512 as on Sep 30, 2026
- Investors: Silver Lake, equitywestsecurities.com and 139 Others
- Latest Funding Round: Conventional Debt, Aug 21, 2025, $*****
- Highlight: Public
2. Truecaller
App-based platform providing caller ID and spam call-blocking services. It helps users to identify, filter, and block unknown numbers, spam callers, and telemarketers. It helps to record calls, backup call history, contacts, and messages to drive, and auto-block SMS from specific countries, or those with similar digit sequences. Users can also track bills and transactional updates. It has community-based spam reporting service. The app is available across the web, Android, and iOS platforms.
Key facts about Truecaller
- Founded Year: 2009
- Location: Stockholm (Sweden)
- Annual Revenue: $100M - $500M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $96.8M
- Employee Count: 592 as on Sep 30, 2026
- Investors: Inbox Capital, Atomico and 19 Others
- Latest Funding Round: Series C, Oct 10, 2018, $*****
- Highlight: Public
3. Voi
App-based platform offering electric kick-scooter rental services. It provides a mobile app that allows users to find and rent electric kick scooters nearby. The users can unlock the kick scooters through a QR code and after riding they can park it at any valid place. The mobile application is available for iOS users.
Key facts about Voi
- Founded Year: 2018
- Location: Stockholm (Sweden)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $544M
- Employee Count: 855 as on Sep 30, 2026
- Investors: Kreos Capital, Inbox Capital and 99 Others
- Latest Funding Round: Conventional Debt, Sep 30, 2026, $*****
- Highlight: Editors' Pick
4. Lunar
Digital banking platform offering personal and business accounts, cards, savings, investing, and budgeting tools. It offers multiple account tiers, including free and premium plans, with features such as digital and physical debit cards, budgeting tools, automatic savings, and real-time spending insights. Users can also benefit from international payment capabilities, travel-friendly card usage, and competitive exchange rates depending on their plan. It integrates investing in stocks, ETFs, and crypto through dedicated modules, enabling users to build and manage portfolios within the same ecosystem.
Key facts about Lunar
5. HackerOne
AI powered security testing platform. It combines AI with security researchers to find and fix security, privacy, and AI vulnerabilities across the software development lifecycle. The platform offers bug bounty, vulnerability disclosure, pentesting, AI red teaming, and code security. The features of the product include reports, automation, security testing, and more. It caters its solution to industries such as healthcare, retail, hospitality, and more.
Key facts about HackerOne
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $159M
- Employee Count: 7,234 as on Sep 30, 2026
- Investors: Dragoneer Investment Group, Inbox Capital and 7 Others
- Latest Funding Round: Series E, Jan 27, 2022, $*****
- Highlight: Editors' Pick
Inbox Capital's Year-on-Year Investment Trends
Inbox Capital has invested in 47 companies over the last 13 years, with an average of 3 new investments annually in the last 10 years. Its most recent first time investment was in Favro and most recent follow-on round was in Fast Travel Games.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 | 0 | 4 | 4 |
2021 | 3 | 4 | 7 |
2020 | 1 | 3 | 4 |
2019 | 7 | 0 | 7 |
2018 | 2 | 3 | 5 |
2017 | 11 | 0 | 11 |
Inbox Capital's Investments by Stage
Inbox Capital has made 14 investments in Series A stage with an average round size of $5.48M, 12 investments in Seed stage with an average round size of $2.23M, 4 investments in Series B stage with an average round size of $30.2M and 1 investment in Series C stage with an average round size of $10.9M.Stage of entry | No. of Investments |
|---|---|
Series A | 14 |
Seed | 12 |
Series B | 4 |
Series C | 1 |
Note: We have considered here, only first round of investments
Inbox Capital's Investments by Sector
Inbox Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Retail and Auto Tech. Notably, it has invested in 44 Tech companies, 24 Consumer (B2C) companies, 23 Enterprise (B2B) companies and at least 21 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 14 |
Enterprise Applications | 13 |
FinTech | 6 |
Retail | 4 |
Auto Tech | 3 |
Others | 34 |
Note: We have considered here, only first round of investments
Inbox Capital's Investments by Geography
Inbox Capital has made most investments in Sweden (29), followed by Finland where it has made 1 investment.Country | No. of Investments |
|---|---|
Sweden | 29 |
Finland | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Inbox Capital's recent investments
Inbox Capital has not made any investment in 2026 so far.Here are the most recent investments by Inbox Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 10, 2023 | Sweden | Series B | 1575 | [+3] | |
Aug 31, 2022 | Sweden | Series B | 2068 | [+2] | |
Jun 21, 2022 | Sweden | Series B | 7041 | [+2] | |
Apr 14, 2022 | Sweden | Series B | 2228 | [+4] | |
Mar 29, 2022 | Sweden | Series A | 8786 |
Unicorns in Inbox Capital's Portfolio
Inbox Capital has 3 unicorns in its portfolio - Instabox, Voi and Lunar. The most recent unicorn in their portfolio is Instabox. It became a unicorn in 2022, 4 years before Inbox Capital first invested in it.Here is a list of unicorns in Inbox Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
44 | Provider of e-commerce delivery services | 2015 | Bromma | Series C | rlyjhzj | ||
79 | App-based platform offering electric kick-scooter rental services | 2018 | Stockholm | Series D | rgdaemq | ||
79 | Digital banking platform offering personal and business accounts, cards, savings, investing, and budgeting tools | 2015 | Aarhus | Series D | ko{boao |
IPOs and Publicly Listed companies in Inbox Capital's Portfolio
5 of Inbox Capital's portfolio companies have become public. Acast got listed on the Stockholm Stock Exchange (STO), in Nov 2025 and MEDS got listed on the Stockholm Stock Exchange (STO).Here are Inbox Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 20, 2025 | Sep 20, 2017 | Series B | 7144 | |
Sep 23, 2025 | Jan 11, 2019 | Series A | 7705 | |
Sep 10, 2025 | - | - | 6214 | |
Oct 08, 2021 | Dec 12, 2016 | Series C | 8999 | |
- | - | - | 3776 |
Acquired companies in Inbox Capital's Portfolio
11 companies from Inbox Capital's portfolio have been acquired. The most recent acquisition was Zimpler in Oct 2025 by TrueLayer for $*****.Here are Inbox Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 21, 2025 | Sep 04, 2013 | Seed | 2875 | |
Dec 19, 2024 | - | - | 1301 | |
Jun 05, 2024 | Nov 28, 2017 | Series A | 9315 | |
Feb 07, 2024 | - | - | 1991 | |
Sep 08, 2023 | Nov 17, 2016 | Series A | 3502 |
Team profile of Inbox Capital
Inbox Capital has a team of 5 members including 3 Partners located in Sweden. Inbox Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Inbox Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sweden | - | ||
Partner | Stockholm | - | - | |
Partner | - | - |
Co-investors of Inbox Capital
Over the past 13 years, 232 investors have co-invested in Inbox Capital's portfolio companies. This includes funds and angels.
- Invested before Inbox Capital: Edastra Venture Capital, Staffan Persson and 72 others have invested in rounds before Inbox Capital. There are 3 companies where Edastra Venture Capital has invested before Inbox Capital and 2 companies where Staffan Persson has invested before Inbox Capital.
- Top Co-investors of Inbox Capital: 70 investors entered a company along with Inbox Capital. These include investors like Bonnier Capital (3 companies).
- Invested after Inbox Capital: A total of 88 investors have invested in Inbox Capital's portfolio after their investments. Top Investors include Swedbank Robur (3 companies), Black Ice Capital (2 companies) and Nordstjernan Growth (2 companies).
Recent News related to Inbox Capital
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Fast Travel Games secures $4m in new investment roundGamesIndustry•Oct 10, 2023•Fast Travel Games, Handelsbanken, Industrifonden, Brightly Ventures and 2 others
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Billogram Raises €15M in FundingFinSMEs•Aug 31, 2022•Billogram, Swisscom Ventures, Partech Partners, CNI and 2 others
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Swedish VC firm invests in the first Nordic e-commerce marketplace for electric carsArcticStartup•Jun 23, 2022•Carla, Bonnier Ventures, Inbox Capital, Vostok New Ventures
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Stockholm-based Carla raises €19 million for its EV marketplaceEU-Startups•Jun 21, 2022•Carla, Bonnier Ventures, Inbox Capital, VNV Global
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Swedish planning and collaboration app raises €300K from CapitaliaArcticStartup•May 31, 2022•Favro, Practica Capital, Capitalia, Inbox Capital and 2 others
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Stockholm-based grocery delivery company Kavall bags €15MSilicon Canals•Apr 18, 2022•Kavall, Inbox Capital, Vostok New Ventures, Nicoya Life and 2 others
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Fintech Zimpler Raises Funding to Accelerate Its Growth Within A2A PaymentsFinancial IT•Mar 29, 2022•Zimpler, Nordstjernan Growth, Inbox Capital, Nordstjernan and 2 others
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Voi Technology raises $115m in Series D roundInsider Media•Dec 22, 2021•Voi, The Raine Group, Vostok New Ventures, Inbox Capital and 9 others
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Sweden-based electric vehicle platform Carla raises $11.3 millionAIM Group•Dec 06, 2021•Carla, Vostok New Ventures, Inbox Capital, Luminar Ventures and 3 others
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Swedish ultrafast grocery delivery startup Kavall raises €4.9 millionTech.eu•Aug 09, 2021•Inbox Capital, Vostok New Ventures, Kavall
