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Fueling DeepTech from Lab to Launch

At Sting, we back science-based startups with bold ideas and long-term vision.Turbine Capital shares that commitment.

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500 000 SEK investement from Propel

Propel only invests in Sting companies. All startups in Sting Accelerate, and a selection of companies in Sting Incubate, are offered an investment of 500 000 SEK.

Invested over SEK 70 million in Sting companies

Propel Capital I, II, III, IV, V, and VI have invested over SEK 70 million in more than 170 Sting companies. The investments are usually made via a standardized convertible debt instrument.

SEK 30 million under management

The current Propel Capital, Propel Capital VI, has SEK 30 million under management from 35 of Sweden’s foremost business angels and Saminvest.

About Turbine Capital

As Sweden’s first VC fund fully dedicated to DeepTech and research-based ventures, Turbine Capital helps early-stage founders go with the capital, patience, and understanding this journey truly requires.
Together, we’re working to accelerate innovation at the intersection of tech, science, and impact, and make Sweden the best place from proof-of-concept to commercial traction, to build transformational DeepTech companies.

What Turbine Capital Offers
Targeted deeptech funding: From €0.3 M to €0.7 M in pre-seed to pre-Series A stage, with selective follow-on investments for top-performing startups.
‍Lead investor support: They can lead funding rounds and help structure strong syndicates.
‍Strategic industry access: Direct connections to major corporates like Saab Ventures and Volvo Cars Tech Fund for pilot projects, partnerships, and scaling opportunities.
‍University‑linked ecosystem: Access to curated DeepTech pipelines through partnerships with major incubators at Swedish universities (e.g., IDEON, GU Ventures, UIC, etc.) for early-stage sourcing and support.
‍Hands-on growth support: Active board involvement, commercial strategy guidance, investor preparation, and follow-on fundraising support.
Invested 70+ million SEK in Sting companies

Propel Capital I, II, III, IV, V, and VI have invested over 70 million SEK in more than 170 Sting companies. The investments are usually made via a standardized convertible debt instrument.

30 million SEK under management

The current Propel Capital, Propel Capital VI, has 30 million SEK under management from 35 of Sweden’s foremost business angels and Saminvest.

Tubrine Capital’s Investors & Partners

Explore all companies supported by Turbine Capital.
Propel Capital FAQ's

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