Investor Type | Firm |
Industries | Software (Web Marketplace Saas..) • BioTech • Businesses Solutions • FinTech (& Financials services) • Entertainment (& Sports) • Blockchain (& Cryptos) • Autonomous vehicles (& Cars) • Future Of Work • DeepTech • Woman Focused |
Stages | Pre-Seed, Seed, Series A, Series B |
Investing | United States • Sweden • Europe |
Investment Range | $25,000 - $250,000 |
Investment Sweet Spot | $50,000 |
Sommet AB and its venture arm, Sommet Ventures AB, are investment firms focusing on supporting early-stage technology companies. They emphasize a commitment to innovation and sustainability, actively targeting startups leveraging cutting-edge technologies such as AI, blockchain, and data analytics to address real-world problems. Their approach is underpinned by identifying and nurturing startups with robust teams, ambitious visions, and the potential to significantly impact industries. With specialties in Pre-Seed, Seed, Series A, and Series B funding, their investment size ranges from a minimum of $25,000 to a maximum of $250,000, with a sweet spot investment around $50,000. Their diverse investment portfolio includes sectors like Software, BioTech, Business Solutions, FinTech and Financial Services, Entertainment and Sports, Blockchain and Cryptocurrencies, Autonomous Vehicles, Future Of Work, DeepTech, and companies with a focus on women. Sommet AB's investment thesis revolves around supporting Pre-Seed to Series A technology startups that exhibit innovation across various sectors and have the potential to tap into global markets. They stress the importance of a diversified portfolio to mitigate the risks associated with early-stage investing. The aim is to invest in transformative companies that utilize AI, blockchain, data analytics, and champion sustainability, capturing returns from emerging and disruptive sectors. With a global outlook, they target companies headquartered around the world, implying that they see value in both developed and emerging markets. Beyond capital, Sommet AB provides continuous support in company building, transformation, and business development. They also engage in thorough due diligence, validating financial and operational aspects of businesses, and partner with top investors and networks to bolster their portfolio companies. Over the years, their investments have contributed to the creation of over 3,000 jobs, showcasing their significant impact on the startup ecosystem.