About J12
J12 is a venture capital firm founded in 2019. It is primarily based out of Stockholm, Sweden. As of Sep 2026, J12 is an active investor, having invested in 38 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Sweden based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series A round of Ipercept Overall, J12 portfolio has seen 3 unicorns and 2 acquisitions including key companies like RELEX, Lovable and Formulate. A lot of funds co-invest with J12, with names like Antler sharing a substantial percentage of its portfolio. J12 has team of 6 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
J12's List of Top Investments
J12 has a portfolio of 38 companies, including 3 unicorns. Their most notable investments are in Kovant and Kudos.Their portfolio spans across Sweden, Finland, United Kingdom and 7 more locations. They have invested in Enterprise Applications, High Tech, Retail and 15 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by J12:
1. RELEX
Provider of unified platform for retail and supply chain planning. The platform offers solutions for demand planning, manufacturing planning, and distribution planning. It facilitates collaboration across the supply chain, including inventory and replenishment management. The platform also provides tools for retail operations, space and assortment planning, and pricing and promotions.
Key facts about RELEX
- Founded Year: 2005
- Location: Helsinki (Finland)
- Annual Revenue: €100M - €500M as on Dec 31, 2023
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $816M
- Employee Count: 2,297 as on Aug 31, 2026
- Investors: TCV, Summit Partners and 5 Others
- Latest Funding Round: Series D, Dec 11, 2024, $*****
- Highlight: Editors' Pick
2. Lovable
Developer of an AI platform for building applications and websites. The platform enables users to create software through conversational interaction with artificial intelligence. It provides tools for developing various types of applications. The platform supports users in designing and deploying software solutions.
Key facts about Lovable
3. Treyd
Provider of an online platform for BNPL solutions for businesses. It pays suppliers and gives companies a couple of days to pay the balance. It aims to free up capital for a business so that it can instead invest in growth.
Key facts about Treyd
- Founded Year: 2019
- Location: Stockholm (Sweden)
- Annual Revenue: $10M - $50M as on Dec 31, 2022
- Stage: Series A
- Total Funding till date: $28.1M
- Employee Count: 67 as on Aug 31, 2026
- Investors: Nineyards Equity, Venture Securities and 7 Others
- Latest Funding Round: Series A, May 20, 2025, $*****
- Highlight: Editors' Pick
4. Airmee
Airmee is a provider of AI-based last-mile delivery management solutions. Its online platform integrates with online stores to offer same-day delivery services, routing, scheduling, demand prediction, analytics, and courier selection. It caters to retailers, logistics providers, and businesses with logistics flows.
Key facts about Airmee
- Founded Year: 2016
- Location: Stockholm (Sweden)
- Stage: Series A
- Total Funding till date: $10.2M
- Employee Count: 199 as on Aug 31, 2026
- Investors: Creades, Quinary Investment and 13 Others
- Latest Funding Round: Series A, Jun 24, 2020, $*****
- Highlight: Editors' Pick
5. Ostrom
App-based platform offering electricity using solar energy. It allows users to track electricity consumption, payments, emissions, and more. It provides energy-switching solutions. Its app is available for Android and iOS devices.
Key facts about Ostrom
- Founded Year: 2020
- Location: Berlin (Germany)
- Stage: Series B
- Total Funding till date: $46M
- Employee Count: 62 as on Aug 31, 2026
- Investors: SE Ventures, Global Founders Capital and 24 Others
- Latest Funding Round: Series B, Jun 19, 2025, $*****
- Highlight: Editors' Pick
J12's Year-on-Year Investment Trends
J12 has invested in 38 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of Sep 2026, it has made 5 investments in this year. Its most recent first time investment was in Ipercept and most recent follow-on round was in Validio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 3 | 5 | 8 |
2024 | 2 | 0 | 2 |
2023 | 4 | 1 | 5 |
2022 | 4 | 0 | 4 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
J12's Investments by Stage
J12 has made 12 investments in Seed stage with an average round size of $5.26M and 6 investments in Series A stage with an average round size of $9.57M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 6 |
Note: We have considered here, only first round of investments
J12's Investments by Sector
J12 has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Artificial Intelligence - Industry Applications, Enterprise Infrastructure and FinTech. Notably, it has invested in 34 Tech companies, 27 Enterprise (B2B) companies, 26 Software companies and at least 18 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
High Tech | 3 |
Artificial Intelligence - Industry Applications | 2 |
Enterprise Infrastructure | 2 |
FinTech | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
J12's Investments by Geography
J12 has made most investments in Sweden (10), followed by Finland where it has made 3 investments.Country | No. of Investments |
|---|---|
Sweden | 10 |
Finland | 3 |
Denmark | 1 |
France | 1 |
Germany | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
J12's recent investments
J12 has made 5 investments in 2026 so far. Ipercept and Volvetech are the latest among them.Here are the most recent investments by J12:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 29, 2026 | Sweden | Series A | 3401 | [+2] | |
Aug 25, 2026 | - | Seed | 8165 | [+4] | |
Jun 11, 2026 | Sweden | Series A | 6562 | [+3] | |
Mar 26, 2026 | Sweden | Seed | 7467 | ||
Mar 05, 2026 | Sweden | Series A | 5340 | [+4] |
Unicorns in J12's Portfolio
J12 has 3 unicorns in its portfolio - Verda, Lovable and RELEX. The most recent unicorn in their portfolio is Verda. It became a unicorn in 2026, 1 years after J12 first invested in it.Here is a list of unicorns in J12's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
54 | Provider of cloud infrastructure for artificial intelligence workloads | 2017 | Helsinki | Series B | {cwzukh | ||
68 | Developer of an AI platform for building applications and websites | 2023 | Stockholm | Series C | bzcijrz | ||
72 | Provider of unified platform for retail and supply chain planning | 2005 | Helsinki | Series D | gsoigro |
Acquired companies in J12's Portfolio
2 companies from J12's portfolio have been acquired. The most recent acquisition was Deasy Labs in Jul 2025 by Collibra for $*****.Here are J12's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 24, 2025 | - | - | 4077 | |
May 12, 2022 | Jan 30, 2020 | Seed | 9714 |
Team profile of J12
J12 has a team of 6 members including 4 Partners and 2 Principals located in Sweden and United Kingdom. J12's team does not sit on the board of any company as of now.Here is a list of all team members in J12:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sweden | - | ||
Partner | Sweden | - | - | |
Partner | London | - | - | |
Partner | Sweden | - | ||
Principal | Stockholm | - | - | |
Principal | London | - |
Co-investors of J12
Over the past 6 years, 122 investors have co-invested in J12's portfolio companies. This includes funds and angels.
- Invested before J12: J12, Union Square Ventures and 33 others have invested in rounds before J12. There are 2 companies where J12 has invested before J12 and 1 company where Union Square Ventures has invested before J12.
- Top Co-investors of J12: 65 investors entered a company along with J12. These include investors like Antler (4 companies).
- Invested after J12: A total of 22 investors have invested in J12's portfolio after their investments. Top Investors include Tesi (2 companies), Varma (2 companies) and Skaala (2 companies).
Recent News related to J12
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Galdera Labs Raises €1.5M in Pre-Seed FundingFinSMEs•Mar 27, 2026•J12, Antler, Galdera Labs, Greens Ventures and 4 others
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First Concepts raised an oversubscribed $1M round so creative agencies can better use AI. Peek inside the pitch deck it usedTech Funding News•Mar 17, 2026•First Concepts, Araya Ventures, Antler, J12 and 1 other
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Validio Raises $30M to Automate Data Quality for AI ProjectsSiliconAngle•Mar 06, 2026•J12, Plural, Validio, Lakestar and 1 other
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Finland’s DataCrunch secures €55M to challenge US hyperscalers and boost Europe’s AI leadershipEU-Startups•Sep 08, 2025•Tesi, DataCrunch, Byfounders, Skaala and 19 others
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Ostrom secures €20M to power Germany’s smart energy futureTech Funding News•Jun 20, 2025•Ostrom, Eneco, SE Ventures, Union Square Ventures and 3 others
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Swedish Fintech Treyd Secures €5M in Funding and Appoints Klarna Veteran to BoardBebeez•May 20, 2025•Treyd, Nineyards Equity, Zenith Group, J12 and 1 other
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Swedish startup IPercept bags €5 million to transform machine efficiency through its predictive AI platformEU-Startups•May 05, 2025•Ipercept, Luminar Ventures, Forvis Mazars, RunwayFBU and 3 others
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Spaak Raises €1.5 Million In Pre-seed Funding To Revolutionize Public AffairsOresund Startups•Mar 24, 2025•Spaak, Node Ventures, J12
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Helsinki-based DataCrunch.io Secures €12 Million in Seed FundingStartup Rise EU•Oct 21, 2024•DataCrunch, J12, Byfounders, J12 and 6 others
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Jeff App's $2M funding boosts financial Inclusion in emerging marketsTech.eu•Jul 17, 2024•Jeff App, Presto Ventures, J12, IP Fabric
