About Zenith Group
Zenith Group is a venture capital firm founded in 2015. It is primarily based out of Stockholm, Sweden. As of Sep 2025, Zenith Group has invested in 23 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 Consumer and High Tech. Most recently it participated in the $***** Seed round of Hedda Overall, Zenith Group portfolio has seen 1 IPO and 3 acquisitions including key companies like Truecaller, Minna Technologies and Strawbees. A lot of funds co-invest with Zenith Group, with names like Antler sharing a substantial percentage of its portfolio. Zenith Group has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Zenith Group's List of Top Investments
Zenith Group has a portfolio of 23 companies. Their most notable investments are in Valpas and Minna Technologies.Their portfolio spans across Sweden, Denmark, Finland and 2 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 15 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Zenith Group:
1. 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
2. Shopbox
Shopbox provider of cloud-based POS and checkout solutions for businesses. The solution allows merchants to manage their sales, inventory, employee management, and payments. The software is compatible with various hardware to carry out the payment issues. Its additional features include a customer loyalty program, reporting, and more. It can be integrated with multiple e-commerce platforms such as Woocommerce, Magento, Shopify, etc.
Key facts about Shopbox
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. Minut
Developer of security sensors for residential buildings. It can detect motion, glass break, temperature, humidity, mould, light, and noise. It can also recognize other alarms, and notify users when the existing smoke or CO detector goes off. Additionally, it comes with tamper protection and a built-in siren, for scaring away intruders. Point connects to phone over Wi-Fi or Bluetooth and can interface with Google Assistant or another IFTTT compatible smart home device.
Key facts about Minut
- Founded Year: 2014
- Location: Malmo (Sweden)
- Stage: Series B
- Total Funding till date: $30.7M
- Employee Count: 68 as on Sep 30, 2026
- Investors: Nordic Makers, Almaz Capital and 16 Others
- Latest Funding Round: Series B, Dec 08, 2023, $*****
- Highlight: Editors' Pick
5. Lightbringer
AI powered patent management platform. It is a digital platform that provides patent protection solutions for innovators. It enables users to record the invention, and build patent applications. The platform offers a suite of services, including patent filing, prosecution, and maintenance. It also assigns an attorney to the inventor to seek advice on drafting and verification of patents.
Key facts about Lightbringer
- Founded Year: 2023
- Location: Lund (Sweden)
- Stage: Series A
- Total Funding till date: $14.4M
- Employee Count: 39 as on Sep 30, 2026
- Investors: Alliance Venture, 6 Degrees Capital and 5 Others
- Latest Funding Round: Series A, Jun 16, 2026, $*****
Zenith Group's Year-on-Year Investment Trends
Zenith Group has invested in 23 companies over the last 11 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Hedda and most recent follow-on round was in Treyd.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 1 | 3 |
2024 | 4 | 0 | 4 |
2023 | 0 | 1 | 1 |
2022 | 3 | 0 | 3 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 2 | 2 | 4 |
2017 | 1 | 0 | 1 |
Zenith Group's Investments by Stage
Zenith Group has made 11 investments in Seed stage with an average round size of $2.29M, 6 investments in Series A stage with an average round size of $5.27M, 1 investment in Series B stage with an average round size of $14M and 1 investment in Series C stage with an average round size of $10.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Series A | 6 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Zenith Group's Investments by Sector
Zenith Group has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, High Tech and Media & Entertainment. Notably, it has invested in 19 Tech companies, 13 Enterprise (B2B) companies, 11 Software companies and at least 10 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Consumer | 5 |
FinTech | 4 |
High Tech | 4 |
Media & Entertainment | 4 |
Others | 18 |
Note: We have considered here, only first round of investments
Zenith Group's Investments by Geography
Zenith Group has made most investments in Sweden (13), followed by Denmark where it has made 2 investments.Country | No. of Investments |
|---|---|
Sweden | 13 |
Denmark | 2 |
Finland | 2 |
Malta | 1 |
Note: We have considered here, only first round of investments
Zenith Group's recent investments
Zenith Group has not made any investment in 2026 so far.Here are the most recent investments by Zenith Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 25, 2025 | - | Seed | 5723 | [+1] | |
Jun 06, 2025 | Sweden | Seed | 6189 | ||
May 20, 2025 | Sweden | Series A | 8024 | [+2] | |
Dec 18, 2024 | Sweden | Series A | 5805 | [+1] | |
Dec 05, 2024 | Sweden | Seed | 6342 | [+2] |
IPOs and Publicly Listed companies in Zenith Group's Portfolio
1 of Zenith Group's portfolio company became public - Truecaller. It got listed on the Nordic and Baltic regions (NASDAQ OMX), in Oct 2021 at marketcap of $2.22BHere are Zenith Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 08, 2021 | Dec 12, 2016 | Series C | 9672 |
Acquired companies in Zenith Group's Portfolio
3 companies from Zenith Group's portfolio have been acquired. The most recent acquisition was Bright.Here are Zenith Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 12, 2026 | Apr 20, 2016 | Seed | 5806 | |
Oct 01, 2024 | May 17, 2019 | Series A | 4630 | |
Dec 19, 2022 | Dec 14, 2018 | Seed | 9754 |
Team profile of Zenith Group
Zenith Group has a team of 1 member located in Sweden. Zenith Group's team does not sit on the board of any company as of now.Co-investors of Zenith Group
Over the past 11 years, 72 investors have co-invested in Zenith Group's portfolio companies. This includes funds and angels.
- Invested before Zenith Group: OpenOcean, Peak XV Partners and 28 others have invested in rounds before Zenith Group. There is 1 company where OpenOcean has invested before Zenith Group and 1 company where Peak XV Partners has invested before Zenith Group.
- Top Co-investors of Zenith Group: 31 investors entered a company along with Zenith Group. These include investors like Antler (2 companies).
- Invested after Zenith Group: A total of 11 investors have invested in Zenith Group's portfolio after their investments. Top Investors include Michael Bendtsen (1 company), Daniel Åxman (1 company) and Smedvig Capital (1 company).
Recent News related to Zenith Group
•
Hedda secures €1.5M to develop its AI-powered bid writing platformStartup Rise EU•Sep 25, 2025•Hedda, Zenith Group, Antler, Wave Ventures and 1 other
•
Music Ally NEXT 2025: Tickets on sale now! Maia Universe secures €1m fundingMusic Ally•May 27, 2025•MAIA Universe, Zenith Group, Sony Music Publishing, Sonymusic and 1 other
•
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
•
Lightbringer To Boost Smes' Ip Protection With €4.2m Funding BoostTech.eu•Dec 18, 2024•Lightbringer, Luminar Ventures, Alliance Venture, Zenith Group
•
Cerve’s £3.5M Seed Round With SuperSeedGlobal Legal Chronicle•Dec 16, 2024•Osborne Clarke, SuperSeed, Zenith Group, Ponderosa Ventures and 3 others
•
London-based Cerve has Secured €4.2 Million in Seed FundingStartup Rise EU•Dec 06, 2024•The First Thirty, Zenith, SuperSeed, Cerve and 4 others
•
CoCoach Secures Seed Funding to Transform Online Health CoachingOresund Startups•Nov 09, 2024•CoCoach, Zenith Group, Vorwerk Ventures
•
Valpas raises €4m in seed funding for bedbug solutionShortTermRentalz•Jul 08, 2024•Valpas, Zenith Group, Icebreaker, Tem and 5 others
•
Bedbug Safety Tech Scale-up Valpas Attracts €4M to Accelerate Innovative Prevention TechnologyBusiness Wire•Jun 26, 2024•Valpas, Zenith Group, Icebreaker, Canon and 6 others
•
Swedish startup Minut bags €4.6MSilicon Canals•Dec 11, 2023•Minut, Smedvig Capital, Almaz Capital, Zenith Group and 5 others
