Bonnier Ventures

Bonnier Ventures — now operating as Bonnier Capital — is the venture arm of the Bonnier Group, a Swedish family-owned media, publishing, and real estate conglomerate active across 12 countries. Launched in Stockholm in 2013 as Bonnier Growth Media, the firm makes minority investments in fast-growing digital technology companies at seed through Series B stages, with a primary focus on the Nordic market and global ambition. Bonnier Capital manages approximately 3 billion SEK (roughly $280 million) in assets and has made 52 investments, producing one unicorn, one IPO, and six acquisitions. Typical deal sizes range from $5 million to $10 million, with average round investments of approximately $16 million. The portfolio spans media, entertainment, edtech, health, and food tech, and includes MasterClass (online education platform, unicorn), Acast (global podcast platform), Doktor.se (digital healthcare), Natural Cycles (FDA-cleared fertility app), Toca Boca (children's digital toys), and MatHem (online grocery delivery). The most recent investment was Carla, a Series A completed in January 2025. Bonnier Ventures draws on the parent group's century-long presence in media and publishing to offer portfolio companies access to editorial networks, distribution channels, and content partnerships that pure financial investors cannot replicate. The six-person investment team evaluates opportunities through the lens of long-term brand building and sustainable digital growth.