Swedish family-owned investment company with a strong entrepreneurial spirit and a long term ownership approach.
Our origin
Founded with deep roots in healthcare, Bonit Capital has evolved into a diversified investment company operating across multiple sectors and asset classes. Our cornerstone investment remains our strategic holding in Elekta AB, a world-leading medical technology company founded by Laurent Leksell over fifty years ago.
We invest with conviction, partnering with outstanding people and businesses to build enduring value. Guided by an entrepreneurial mindset, a commitment to meaningful impact, and a long-term horizon, we focus on opportunities that can thrive for generations.
Our Approach
Investment Areas
Private Equity
We seek out entrepreneurial teams that demonstrate deep sector expertise and unique market access, primarily in the European lower to mid-market buyout and growth equity segments. Our goal is to deliver superior returns while maintaining meaningful portfolio diversification.
Real Assets
We invest alongside experienced entrepreneurs and managers in the European commercial and residential real estate market, with a primary focus on dividend yield and long-term value creation.
Liquid Assets
We maintain broad market exposure through a combination of systematic and tactical investment mandates. We execute this strategy through both direct investments and managed funds across listed equity and fixed income markets, ensuring a balanced and responsive portfolio.
Sustainable Innovation
Leksell Social Ventures(LSV) is our wholly owned subsidiary and the first impact investor in Sweden, with a focus on social outcome models and early investments in companies in the areas of diagnostics, biotech, and data-driven life science.
News and Impact
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AI assistant Sana Labs raises $55m in a Series C round led by NEA
30th October 2024
AI startup Sana has raised $55m in a round led by US-giant NEA, reaching a valuation of $500m. Menlo Ventures and other investors also participated in the round. The Swedish company, founded in 2016, has raised a total of $130m. Sana develops enterprise software it calls a “knowledge assistant”, which indexes company information, making it searchable and accessible to employees through the use of AI. -
Trions nya Hagabacken har köpt 18 fastigheter och passerar 1.6 miljarder kronor
6th October 2024
Hagabacken är ett nytt fastighetsbolag, som grundades av Bengt Kjell, Oscar Lekander och Lars Thagesson under 2023. Hagabacken verkar som ett opportunistiskt och transaktionsintensivt fastighetsbolag, där investeringar görs i fastigheter med ett positivt kassaflöde baserat på räntenivåer som gäller idag. Målet är att köpa för 3 miljarder under 2024 och 2025. -
Astrego Sysmex wins the £8m Longitude Prize won for tackling superbug rise
12th June 2024
The £8m Longitude Prize has been won after a decade-long competition to find new tools to tackle the scourge of superbugs. It has been awarded for a test that rapidly detects whether an infection is caused by bacteria and identifies the right antibiotics to treat it. The test takes 45 minutes, compared with three days using traditional methods. The original work was done by Swedish researchers, and the test is now being sold by the company Sysmex Astrego. -
Moleculent Launches with $26 Million Series A Financing to Advance the Spatial Mapping of Cell-Cell Communication
6th June 2024
Moleculent AB, a company pioneering technology to study the communication between cells in human tissue, today announced the closing of its oversubscribed $26 million Series A financing. The round was led by ARCH Venture Partners (ARCH) and co-led by Eir Ventures with participation from the company’s existing investors. ARCH’s Patrick Weiss has been appointed Chairman. Sean Kendall from ARCH, together with Magnus Persson from Eir Ventures, have also joined the company’s Board of Directors. -
Bonit Capital, AP Möller and Keensight Capital lead investment in Medical Technology Company Bentley
27th October 2023
Bentley’s passion is the development, manufacturing and marketing of innovative implants for minimal-invasive treatments of vascular diseases. Bentley was founded in 2009 by medical entrepreneurs Lars Sunnanväder and Miko Obradovic. The company has seen substantial growth since the launch of its first product in 2012. Since then Bentley rapidly expanded worldwide.
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Leksell Social Ventures accelerates its efforts to scale innovations in Swedish Welfare
6th July 2023
Society is facing major challenges in areas such as integration, education and public health, new innovative solutions and cooperation models are required. Leksell Social Ventures (LSV) has a long stated strategy to identify and develop financing models that in turn create the conditions for scaling up innovative solutions to tackle current societal challenges.
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Sana Labs raises additional $28M led by NEA to build the Universal AI Platform for the Enterprise
31st May 2023
The Swedish-born Sana scaleup becomes one of Europe's most highly funded AI companies with $62M in total Series B funding. Sana's mission is to augment human intelligence through artificial intelligence. To that end, the company has built a category-defining product that blends the best of enterprise search, a learning management system, meeting tools, and a knowledge management system into one single platform.
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Leksell Social Ventures enables Swedens first fund for outcome-based financing
5th April 2023
Sweden’s first fund for outcome-based financing is established – with the purpose of financing organisations whose solutions can deliver measurable, positive outcomes (results) on our major societal challenges. LSV has seed-financed the Outcome Fund and is now also investing SEK 50M in the fund, making its largest investment to date. “We have long believed in the potential of outcome financing to create results in the welfare sector,” says Hugo Mörse, director of operations at Leksell Social Ventures.
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Meru Health named one of Y Combinator's top 2023 companies
1st April 2023
Meru Health is a pioneer of the fourth wave of mental healthcare—a mind-body approach that uses human support, biofeedback, and digital tools to expand access while delivering superior clinical outcomes.
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Cuviva receives MDR certification for Remote Patient Monitoring and Hospital at Home Platform.
4th January 2023
The entire team at Cuviva AB is very proud to share that the Cuviva RPM Platform is now certified according to MDR Class IIa. This makes Cuviva RPM Platform one of the first complete platforms certified according to MDR Class IIa for Remote Patient Monitoring and Hospital at Home. The certification demonstrates increased patient safety and efficiency of healthcare, and opens up for further extensive development.
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Richard Leksell shares insights into Bonit Capital and Leksell Social Ventures
2nd January 2023
For Bonit Capital, we have a long-term growth mandate and market-based return targets. Within Leksell Social Ventures, we have economic and social sustainability as measures to secure the social innovations we finance, and all surplus in Leksell Social Ventures is reinvested in new social innovation projects in Sweden. Richard Leksell expects a real stress test ahead, both for the investment firm and portfolio companies. "We need to be extremely disciplined in how we work, prioritize and allocate capital ahead" says Richard Leksell.
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Sana Labs raises $34M for its AI-based knowledge management & learning platform for workplaces.
13th December 2022
Sana Labs — which provides an AI-based platform to help people manage information at work, and subsequently to use that data as a resource for e-learning within the organization — has closed a round of $34 million after seeing ARR grow seven-fold in the last year. Menlo Ventures, the U.S. VC firm, is leading the round for Stockholm-based Sana, with EQT Ventures and a whopping 25 angels and founder/operator individuals also participating. This is a Series B that values Sana Labs at $180 million post-money.
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Alex Therapeutics presents results from digital therapeutic pilot study showing nearly 50% reduction in anxiety.
13th October 2022
Alex Therapeutics is a DTx Software-as-a-medical-device (SaMD) manufacturer developing and licensing digital app-based therapies for multiple indications. Today they announce positive results from the pilot phase of a clinical study for one of their digital therapies treating anxiety in patients with the rare disease IPF. Using GAD-7, anxiety symptoms were shown to have been reduced by an average of 4.2 points, a 49% reduction.
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Alex Therapeutics raises €3.5M to advance DTx platform in Europe and the US.
6th April 2022
Stockholm-based Digital Therapeutics (DTx) company Alex Therapeutics today announces it has secured a €3.5M funding round, led by European life science venture fund Hadean Ventures and joined by Scale Capital and Bonit Capital. Alex Therapeutics aspires to become the global go-to partner for pharma, and other life-science companies seeking to develop and launch DTx solutions. These digital health products are validated in clinical trials and prescribed by a doctor, similar to traditional therapeutics.
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Bio-Works (BIOWKS) raises 85 MSEK from Bonit Capital, Nortal Investment and Caluptra
9th November 2021
Bio-Works provides cutting-edge, proprietary agarose-based resins for purification of biomolecules. The issue proceeds are intended to be used for continued sales and marketing activities. “We have been following Bio-Works for several years and are impressed by their progress and future potential. We look forward to following the company on their upcoming scaling journey". Bio-Works was founded in 2006 by four leaders in protein purification and has grown rapidly.
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Meru Health raises $30M for ‘holistic’ online mental health platform
23rd September 2021
Meru Health is a startup that aims to solve a number of the challenges associated with getting access to quality mental health care, with what it describes as a comprehensive online mental health solution. Kristian Ranta founded the San Mateo, California-based company in 2016 after his brother, Peter, committed suicide. In his view, if his brother had access to better mental health options, he might not have taken his own life. Industry Ventures led the $30 million equity round. Early backers Bold Capital Partners, Freestyle VC, FMZ Ventures and Leksell Social Ventures also participated in the equity financing.
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Health Integrator has raised 20 MSEK led by J12 to expand "E-commerce for Preventive Care"
9th September 2021
Health Integrator reduces the number of patients in the healthcare system by preventing diseases. With this injection of SEK 20 million from J12, Luminar Ventures and Leksell Social Ventures, the company will embark on a wave of expansion that will make the service available to users throughout Sweden. The Stockholm Region is the first to use Health Integrator’s digital health platform in a 5-year preventive program to prevent type 2 diabetes. Fully developed, the Stockholm Region estimates that the savings potential for the program is SEK 1.4 billion per year.
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Cuviva acquires ScientificMed - creates leading vendor in Remote Patient Monitoring and Digital Therapeutics
25th August 2021
Through the acquisition of ScientificMed, Cuviva takes an active and leading role in the development of a comprehensive range of values that includes both broad solutions for distance monitoring and follow-up of chronically ill and specialized digital therapies in oncology today, and subsequently more specific diagnostic areas. "We have been following Cuviva for a long time and are impressed by the team and the scalable platform they have built. They have a growth plan that appeals to us and we are convinced that ScientificMed's value proposition can be developed and scaled up faster together with Cuviva, says Richard Leksell, Partner at Bonit Capital."
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Healthcare Booking Platform Vården.se has raised SEK 50 million led by Bonnier Ventures
7th July 2021
Vården.se is a key healthcare booking platform in Sweden with over 600,000 visitors per month and 18,000 registered care providers. The round is led by Bonnier Ventures, which is followed by the early owners Bonit Capital and Luminar Ventures. They are also joined by Anicura founder Peter Dahlberg. “Vården.se fits perfectly into our portfolio of innovative, fast-growing companies. The unique offer, experienced team and strong drive paves the way for expansion", announces Jonas von Hedenberg, Investment Manager at Bonnier Ventures
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Brain Health platform Mindmore has raised SEK 11.5 million for continued expansion
2nd July 2021
Mindmore has raised SEK 11.5 million from Leksell Social Ventures, Almi Invest, Svanberg & Co Invest, Soläng Invest. Mindmore's digital platform measures cognitive abilities by testing memory, language, executive functions and reaction speed, among other things. The results are used as a basis for investigations of, among other things, dementia, depression and fatigue syndrome. Mindmore was founded in 2017 by Sara Wallén and is based on an idea she got in the psychologist program.
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Leksell Social Ventures raises 300 MSEK to scale investments and spread innovations in public sector
12th June 2021
Laurent Leksell sees new financing models as crucial to making the public sector more innovative. The investment strategy consists of two parts. The first and more traditional is to go in with capital directly in startup companies that tackle societal problems. The second part of the investment strategy, social outcome contracts, or social impact bonds, is a newer concept. In 2016, the company developed Sweden's first social outcome contract in collaboration with the municipality of Norrköping and SKR. "If you want to solve problems, and get 'impact', you have to cooperate and interact with the public sector," says Hugo Mörse - Managing Director of LSV.
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Elekta and Philips deepen strategic partnership in precise and individualized oncology care
7th June 2021
Elekta (EKTA-B.ST) and Royal Philips (NYSE: PHG, AEX: PHIA) today signed agreements to deepen their existing strategic partnership to advance comprehensive and personalized cancer care through precision oncology solutions. The extended collaboration builds on the two companies’ successful cooperation in the fast-emerging field of magnetic resonance (MR)-guided adaptive radiation therapy. Through deeper cross-portfolio collaboration, Elekta and Philips will utilize their complementary capabilities to further improve patient care.
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Elekta's new strategy to focus on growth and access to radiation therapy
7th June 2021
At Elekta’s (EKTA-B.ST) Capital Markets Day, CEO, Gustaf Salford, and members from his executive management team introduced the company’s mid-term strategy, called Access 2025. The strategy reflects the work the company will continue to do to pursue the vision of a world where everyone has access to the best cancer care. The Access 2025 strategy is built on four pillars: innovation, partner integration, customer focus and driving adoption of radiation therapy across the globe, reflecting Elekta’s vision to create a world where everyone has access to the best cancer care.
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Meru Health develops digital mental health support program for employees with anxiety and depression
27th April 2021
Looking to prevention, Meru Health, maker of digital mental health tools, is launching a new program aimed at helping employees dealing with mild depression or anxiety symptoms. Last year, Meru Health landed $8.1 million in Series A. The company, which is known for its 12-week mental health coaching program, also launched a biofeedback tool in 2019. The tool is clipped on a user’s ear when they are doing a specific biofeedback practice provided by the Meru Health platform.
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Volt Diversified Alpha Fund wins Best Nordic CTA award 2020
22nd April 2021
The Volt Diversified Alpha Program applies machine learning to financial markets with the aim to deliver capital appreciation in all market conditions. In the Nordic region, there were players in the CTA space that stood out of the crowd and delivered strong gains for investors both in 2020 and over the previous years. Congrats Volt on this prestigious award!
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Region Stockholm's Health Impact Bond wins Environmental Finance's Bond Awards 2021
3rd April 2021
LSV portfolio company Health Integrator & Region Stockholm's Health Immpact Bond wins Social Impact Bond of the year. “We are very honored to receive the award Social project bond of the year. Just as Region Stockholm has played a leading role in the work with green bonds, we also have the ambition of being forward-thinking in the fields of social entrepreneurship and social financing. We have therefore developed a Health Impact Bond, which has a unique financial structure”, said Frida Korneliusson, CEO of Region Stockholm Treasury.
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Rhenman & Partners wins international fund award at Hedgeweek European Awards: Best Global Hedge Fund
12th March 2021
A total of 21,715 industry experts participated in the final voting. Rhenman Healthcare Equity L/S has an unprecedented performance history since its inception in June 2009. The main unit class, IC1 (EUR), has increased by 695 percent in total, which corresponds to an average annual net return of 19 percent. At present, assets under management in the fund amount to approximately USD 1.1 billion.
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Digital health company OneLab raises SEK 40 million round led by Novax
16th February 2021
OneLab offers smart, modern health surveys that help companies map and improve employee health and identify and address any work environment risks. By collecting, analyzing and transforming complex health data into simple and educational reports, we create a valuable foundation for long-term health work. OneLab was founded in 2014 and is today one of the leading companies in preventive occupational health care. We are located in both Sweden and many other European countries.
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Princeville Climate Tech fund: VOLTA Announces $1.4bn SPAC Merger
8th February 2021
"Volta's unique business model is poised to capture the vast consumer spending shifts that will accompany our society's shift from carbon to electric," said Scott Mercer, Founder and CEO of Volta. "With the shift to electric mobility, consumers will expect to fuel where they go. Volta will anchor the infrastructure change, transforming fueling locations away from standalone gas stations to high traffic locations in the community where consumers live, work, and play."
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AI - Personalized Learning Sana Labs raises $18m Series A led by EQT Ventures
14th January 2021
Leksell Social Ventures portfolio company Sana Labs raises $18m led by EQT Ventures. The vision is to personalize learning for everyone. Since founding, Sana has helped hundreds of thousands of learners, with 98% reporting that Sana improved their learning. Our Series A will allow the company to amplify our efforts for reimagining how learning is delivered, created, and analyzed. The goal is to take Sana to hundreds of millions of people around the world.
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Brain health platform Mindmore is the winner of Di Digital's Health Tech Pitch Day 2020
22th October 2020
Leksell Social Ventures portfolio company Mindmore is the winner of Di Digital's Health Tech Pitch Day 2020. Mindmore's digital platform makes it easier to test patients against dementia and depression. Mindmore is now in the starting blocks to take the next step in the fight for better brain health. Congratulations Sara and team!
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Richard Leksell "Our ambition is to become one of the leading healthcare investors in the Nordics"
15th October 2020
Life Science Sweden has interviewed Richard Leksell, partner and responsible for direct investments at Bonit Capital. How does Bonit Capital think about its investments in digital health, diagnostics and medical technology?
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Bonit Capital Leads Seed Investment in Search & Booking Healthcare Platform Vården.se
19th July 2020
Sweden's largest marketplace for search and booking healthcare is making its first capital raising led by Bonit Capital. "The healthcare sector is facing major challenges. We must use digital tools and e-health to support the Swedish healthcare system. Vården.se is a key player in this transformation and we look forward to supporting the company to become a leading player in search and booking of care in Sweden and internationally, says Richard Leksell, partner at Bonit Capital.
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Leksell Social Ventures Invests in Preventive Care and the First Health Impact Bond in Sweden
16th June 2020
Health Integrator is an important investment for us as the company offers both the public sector, corporate health, and the individual a way to finance and customize preventive health. A measurable solution to a prioritized social problem and a system change in how society thinks about health, says Hugo Mörse, CEO of Leksell Social Ventures.
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Immunovia has Raised MSEK 400 to Accelerate Commercialization Start for IMMray™ PanCan-d
4th June 2020
The proceeds from the Directed Issue are intended to finance the Company’s investments in an accelerated commercialization start for IMMray™ PanCan-d. In addition to strong support from existing and new local investors, the Company also attracted sizeable amounts from international investors who participated thus further broadening its shareholder base.
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Affibody and Inmagene Announce Strategic Partnership to Develop Drug Candidate for Auto-Immune Diseases
15th May 2020
Under the terms of the agreement, Affibody will receive a $10 million upfront payment and is eligible to receive up to $215.5 million in additional regulatory and sales milestones, plus royalties on sales in Inmagene’s commercialization territory.
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Meru Health raises $8.1 million Series A to increase access to mental health therapy
12th May 2020
With surging demand for mental health counselling, Meru Health has raised $8.1 million to offer virtual therapy. Venture capital firm Foundry Group led the funding. Workplace productivity firm Slack and Bold Capital also joined the funding round.
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Leksell Social Ventures och Sana Labs effektiviserar SFI med AI - vill halvera tiden
31st March 2020
Leksell Social Ventures och Sana Labs samarbetar för att lansera en ny SFI-utbildning baserad på AI-teknik. Leksell Social Ventures har länge engagerat sig i integrationsfrågor och en frågeställning som investeringsbolaget haft är hur de kan bidra till att förbättra det svenska SFI-systemet.
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Sysmex Invests in Astrego Diagnostics to support commercialization phase
29th January 2020
Sysmex aims to help commercialize a rapid drug susceptibility test that Astrego is developing for urinary tract infections. Urinary tract infections are infectious diseases with a high rate of incidence and are said to affect 150 million people globally. With this investment, Sysmex acquired 24.99% of Astrego’s shares.
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Bonit Capital Leads Seed Investment in Healthcare Staffing Platform Medpeople.se
23rd January 2020
Genom att lösa sjukvårdens korta, oförutsägbara, vakanser hoppas medtech-bolaget Medpeople kunna lösa ett större problem med långa vakanser inom sjukvården. Med en app där vårdpersonal kan välja bland olika uppdrag vill bolaget hitta extern bemanning till sjukvården, utan att den ska behöva använda sig av långa konsultuppdrag.
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Bonit Capital invests in Princeville Climate Technology Fund
25th November 2019
The new $300m fund invests in technology companies that are benefiting from and supporting the global transition to lower carbon economies and that have a fundamental Climate Positive™ impact. By targeting both financial returns and impact, the firm aims to attract more capital into this rapidly growing sector and to contribute to the critical need for investment into near-term climate solutions.
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Elekta wins 2019 "Medical Device Engineering Breakthrough" award from MedTech Breakthrough
6th June 2019
MedTech Breakthrough, an independent organization that recognizes the top companies and solutions in the global health and medical technology market, has presented the “Medical Device Engineering Breakthrough” award in the 2019 MedTech Breakthrough Awards program to Elekta for its Elekta Unity MR-linac.
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Immunovia announces excellent results across all symptomatic risk groups from IMMray™ PanCan-d optimization work
3rd June 2019
This is a major breakthrough in the global quest for a reliable non-invasive blood test for early detection of cancer. IMMray™ PanCan-d blood-based test for early detection of pancreatic cancer now set for Q3 2020 launch.
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Leksell Social Ventures har genomfört 3 nya direktinvesteringar & lanserat Social Innovation Podcast
1st June 2019
LSV har genomfört tre nya direktinvesteringar - Sana Labs, Meru Health och Just Arrived. Utbildning, psykisk hälsa och integration fortsätter vara fokusområden för LSV.
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Strålknivbolaget Elekta slår förväntningarna - aktien rusar
29th May 2019
Strålterapibolaget Elekta redovisar ett ebita-resultat på 985 miljoner kronor för det fjärde kvartalet i sitt brutna räkenskapsår.
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Digital mental health platform Meru Health snags $4.2M in seed funding
25th April 2019
This morning, Finland and Palo Alto-based Meru Health, maker of a mental health platform, landed $4.2 million in seed funding. The new money comes from Freestyle Capital, Bonit Capital, Y Combinator, Lifeline Ventures and IT-Farm.
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Guldregn över svensk hjärtmonitor Coala Life – storsatsar på USA
24th April 2019
Nyligen fick det svenska medicinteknikbolaget Coala Life sin hjärtmonitor FDA-godkänd. Nu tar man in 92 miljoner kronor i riskkapital och siktar på en snabbexpansion i USA.
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It-profilernas Monterro stänger ny miljardfond
30th January 2019
Monterro vill ta fler svenska mjukvarubolag ut i världen. Nu har riskkapitalbolaget fyllt på en ny fond med 2,5 miljarder kronor. ”Vi tycker att det är en fördel att vara snäva”, säger grundaren Thomas Bill.
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ScientificMed vill effektivisera cancerbehandlingar – backas av tunga investerare
18th January 2019
Nu tar ScientificMed in 10 miljoner kronor för att snabba på utvecklingen och satsa internationellt. Bonit Capital leder rundan. Det är familjen Leksells (som även är huvudägare i medicinteknikbolaget Elekta) investmentbolag.
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Norrköping kommun är först ut i Sverige att prova ett socialt utfallskontrakt tillsammans med Leksell Social Ventures
5th July 2018
I Norrköping ska en privat investering minska antalet återplacerade ungdomar på HVB-hem. Sociala utfallsmodellen bygger på ett kontrakt som ”vänder uppochner på allt vi sagt om privat välfärd”, enligt det socialdemokratiska kommunalrådet, tidigare partisekreteraren Lars Stjernkvist.
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Elektagrundaren: ”Livet är allvarligt, men sällan desperat”
13th March 2018
”Hur kommer det sig att pucken hamnade där du inte vill att den ska eller borde ligga?” Den frågan ställer Elektagrundaren Larry Leksell under Di:s intervju om boken ”Strålande tider: Hur jag gjorde Elekta till ett världsföretag”.
Meet Our Team
Jonas Ahlén
Managing Partner
jonas@bonitcapital.com
Diana Deneva
Investment Manager
diana@bonitcapital.com
Erik Leksell
Partner
erik@bonitcapital.com
Hugo Mörse
Partner & Head of Leksell Social Ventures
hugo@leksellsocialventures.com