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  1. Sectors
  2. /IoT

IoT

20 VCs and 6 funds investing in IoT

VCs investing in IoT

Michelle Lin

Investment VP

87%

AppWorks

Check: Firm-level: AppWorks publishes a US$200K to US$15M per-deal range across Seed through Series C, with capacity to lead or follow and reserve capital for follow-ons. This is not Michelle's personal allocation range.

Michelle backs technology that modernizes large, operationally fragmented Southeast Asian industries. Her investment cases combine a clear structural tailwind with deep founder-market fit, resilience through adversity, measurable operating improvement, and a path from a focused workflow to a broader platform. Her M&A and accounting background adds attention to cost structure, cash flow, asset intensity, and scalable unit economics.

SeedSeries ASeries B

Nathan Kwon

Partner

87%

Shorooq Partners

Check: No standard personal ticket is published. Shorooq describes Nahda as flexible, tailored debt financing for high-growth and established MENA businesses. Public examples include $15M for Abhi and $12.5M for The Box, but those transactions are examples—not a stated minimum, maximum or personal range.

Nathan uses tailored private credit to fill the financing gap left by conservative banks and to help technology companies reach their next growth milestone with less equity dilution. His underwriting lens balances flexible structure and founder needs against lender downside protection, cash-flow visibility, repayment capacity and disciplined risk-adjusted returns. He also sees a cross-border opportunity connecting Korean technology with MENA demand and capital.

Growth StageSeries B+Established Companies

João Pedro Roque

Principal

80%

Indico Capital

Check: Indico's live technology mandate states mostly Pre-Seed through Series A investments of €500K–€10M, with selective Series B/C participation. This is the firm's range rather than João's personal authority; founders should confirm vehicle, initial ticket and reserves.

João evaluates Southern European technology companies through a combined engineering, investment-banking, private-equity and venture lens. The documented firm mandate favors globally ambitious founders in Portugal, Spain and Italy, mostly from Pre-Seed to Series A, whose technical differentiation can become a durable international business rather than a local feature company.

Pre-SeedSeedSeries A

Rui Jerónimo

Principal

80%

Indico Capital

Check: Indico currently publishes €500K–€10M technology investments, mostly from Pre-Seed through Series A with selective Series B/C. This is the live firm range, not Rui's personal check authority; exact sizing and vehicle should be confirmed directly.

Rui brings long-running Portuguese institutional venture experience to Indico's early-stage Southern European technology mandate. Public evidence supports a broad rather than narrow personal sector remit: find exceptional founders in Portugal, Spain and Italy, help them build for global markets from inception and reserve later-stage capital for the strongest validated opportunities.

Pre-SeedSeedSeries A

Rui Rodrigues

Partner

80%

Indico Capital

Check: Indico's current technology range is €500K–€10M, mostly Pre-Seed through Series A and selectively Series B/C. This is firm-level guidance, not Rui's personal commitment range; founders should confirm the applicable fund, initial size and reserves.

Rui combines venture investing with transaction and corporate-finance discipline. Within Indico's mandate, that supports globally ambitious Southern European technology companies from early validation through selective growth: the product and founders must be exceptional, but market scale, financing logic, governance and the economics of building an enduring international company must also hold together.

Pre-SeedSeedSeries A

Daniel Einhorn

Investment Team

80%

Capital Midwest Fund

Check: Capital Midwest Fund does not publish a standard check-size range on its current official website.

Daniel Einhorn contributes to Capital Midwest Fund's published strategy: Invest in revenue-stage technology companies in the central United States solving practical problems for industrial, manufacturing and enterprise customers.

Revenue StageEarly StageGrowth Stage

Alvin Vitangcol

Investment Team

80%

Capital Midwest Fund

Check: Capital Midwest Fund does not publish a standard check-size range on its current official website.

Alvin Vitangcol contributes to Capital Midwest Fund's published strategy: Invest in revenue-stage technology companies in the central United States solving practical problems for industrial, manufacturing and enterprise customers.

Revenue StageEarly StageGrowth Stage

Jacob DeZarn

Investment Team

80%

Capital Midwest Fund

Check: Capital Midwest Fund does not publish a standard check-size range on its current official website.

Jacob DeZarn contributes to Capital Midwest Fund's published strategy: Invest in revenue-stage technology companies in the central United States solving practical problems for industrial, manufacturing and enterprise customers.

Revenue StageEarly StageGrowth Stage

John Elvesjö

Managing Partner

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies John Elvesjö as Managing Partner. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Daniela Sjunnesson

Partner

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Daniela Sjunnesson as Partner. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Rebecca Sjödin

Investment Principal

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Rebecca Sjödin as Investment Principal. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Henrik Tellving

Partner

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Henrik Tellving as Partner. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Mårten Skogö

Partner

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Mårten Skogö as Partner. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Jonas Malm

Investment Associate

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Jonas Malm as Investment Associate. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Andy Johnston

Partner

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Andy Johnston as Partner. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Firuza Rakhimova

Marketing Lead

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Firuza Rakhimova as Marketing Lead. This is a fund team or operating role; no direct investment mandate or personal signing authority is inferred.

Pre-SeedSeed

Olivia Lyng

Investor

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Olivia Lyng as Investor. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Soo Min Hong

Investment Associate

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Soo Min Hong as Investment Associate. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Jakob Vaghult

Investment Analyst

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Jakob Vaghult as Investment Analyst. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Jiri Heinonen

Venture Partner, Finland

80%

node.vc

Check: SEK 5M-SEK 25M published initial range; the firm also describes a €1M-€1.5M sweet spot.

The official roster identifies Jiri Heinonen as Venture Partner, Finland. This profile applies node.vc's published strategy and does not infer undisclosed personal signing authority or a narrower individual mandate. Relevant founder fit follows the firm's thesis: Back Nordic technology founders with defined products, business models and strong teams, using deep operating and technical experience to reduce early execution risk.

Pre-SeedSeed

Funds focused on IoT

node.vc

Stockholm, Sweden

12 people0 investments

Capital Midwest Fund

Mequon, Wisconsin

3 people0 investments

Hive Ventures

Taiwan

0 people0 investments

GravityX Capital

0 people0 investments

Mike A. Horton

0 people0 investments

Shawn Fanning

0 people0 investments

Recent IoT investments

Samsaravia General Catalyst
Series Fexited
$805M total