Brightly Ventures

Brightly Ventures is an early-stage Nordic venture capital firm based in Stockholm, Sweden, founded in 2018. The fund, which raised 551 million SEK (approximately $55 million) and closed for new investments in September 2021, backs bold founders on a mission to transform industries across software, sustainability, gaming, AI, and food tech. Brightly invests primarily at seed stage with a typical check of $1.5 million and a range from $100,000 to $5 million, and leads rounds across its 34 portfolio companies. Managing Partner John Elvesjö co-founded Tobii, the eye-tracking technology company, before founding Brightly — a background that shapes the firm's orientation toward deep technology with commercial scale. Partner Andy Johnston brings more than 20 years of experience from Ericsson. Portfolio companies include Worldfavor (sustainability data platform), Debricked (open source security, acquired by CyberRes/Micro Focus in March 2022), Ebbot (GPT-powered customer support), Open Payments (fintech), Fast Travel Games, Artportable, Fenix Family, Hooked Foods, and Collective Minds Radiology (digital healthcare collaboration, raised SEK 25 million). Brightly's geographic concentration in the Nordic market reflects a conviction that Scandinavia consistently produces engineering-led founders who are underserved by larger pan-European funds. The team of four works closely with portfolio companies on product strategy and international scaling, drawing on deep regional operator networks to accelerate growth beyond the domestic market.