Pär Hedberg

Turbine Capital is a new type of deeptech venture capital fund focused on early-stage startups with global ambitions. Initiated by Sting and co founded together with the Karin Edström and Anders Ösund, Turbine Capital provides capital, network and hands-on company development. Turbine Capital is backed by leading Swedish corporations like SAAB Ventures, Stena Sessan, Volvo Cars together with several family offices. Saminvest is the anchor investor, and the investors also includes university-affiliated incubators and university holding companies

Startup eco-system architect and eco-system builder since 2001. 2002: Founder of Sting, a Stockholm based eco-system for tech startups with an incubator and an accelerator. 2003. Initiator of the network, Sting Business Angels. 2005. Founder and board member of Sting Capital. 2012. Initiator, co-founder and board member of SUP46, a co-working space for internet/media startups. 2013. Initiator of the first Accelerator program in the Nordics, Sting Accelerate. 2014. Initiator, co-founder and board member of THINGS, a co-working space for Internet of Things and deep tech startups. 2014. Founder and board member of Propel Capital I- VI, an angel co-investment company. 2015. Initiator of the corporate-startup matchmaking program Team Up, that led to the formation of Ignite Sweden. 2016. Co-founder and board member of H2, a co-working space for Digital Health startups. 2017. Initiator of the venture capital fund, Luminar Ventures I. 2018. Sting Bioeconomy in Karlstad, board member. 2022. Member of Rise Europe, a European Think Tank for leaders for the leading deep tech hubs in Europe. 2023. Initiator of the digital startup school, Sting Startup Academy. 2025. Initiator of the early stage deep tech VC fund Turbine Capital.

STING is a th leading startup ecosystem in the Nordics that empowers entrepreneurs to build global companies – faster. STING’s team of founders, CEOs and venture capitalists work to support the most promising entrepreneurs, while they’re at STING and after. STING provides access to business development, capital, recruitment and corporate partners, and opens up its vast network to allow entrepreneurs to dramatically accelerate the growth of their companies. During the first 22 years, STING has supported 440+ startups in Stockholm, which combined, have attracted 1156 MEURO in private capital, have 3431 employees and 583 MEURO in revenue. Out of the 443 startups since 2002, 67% are still active.

Luminar Venture I is a Swedish based venture capital fund, with 60 Meuro under management, focused on early stage startups with global scale and ambitions. Intiated by Sting and co founded together with the entrepreneurs and angel investors Magnus Bergman and Jacob Key, Luminar provides early stage capital, network and hands-on company-building support to leading startup teams throughout Sweden.

Sweden's first "Y-combinator like" angel investment platform investing 50 000 Euro in startups accepted to Sting. 20-30 investments per year. Up to October 2024 Propel Capital I, II, III, IV, V and VI have made 200+ investments in the seed phase.

STING Capital is an early stage venture capital fund investing in promising startups in the Stockholm region.

THINGS is a co-workingspace for Sweden’s Deep tech startups with 2000 sqm co workingspace on KTH Campus and an in-house workshop with machinery to build prototypes, event space and a lounge. Closely connected to major Swedish corporates like ABB, Husqvarna, ASSA ABLOY, NCC, etc.

H2 Health Hub is Stockholm new Co-working space for health-tech innovators, entrepreneurs and startups.