Front Ventures

Front Ventures AB (publ) is a Swedish publicly listed investment company (NGM Nordic SME, ticker: FRNT B) specializing in early-stage defense technology. The company invests in Nordic (primarily Swedish) and Ukrainian defense tech companies, with a focus on drone technology, UAV control software, electronic warfare, communications, and defense infrastructure. It targets companies with a finished prototype seeking to scale production rapidly in Western Europe, taking 5–20% ownership stakes at ticket sizes of $0.5–5.0M across seed to Series A. Front Ventures operates as an active operational partner — not a passive shareholder — helping portfolio companies access EU/NATO markets, connect with European manufacturers, and navigate defense procurement and export controls. The company was founded in 2013, listed on NGM since May 2016, and pivoted to a defense tech focus in August 2025 under CEO Jonas Malmgren. It holds seven portfolio companies including Scandinavian X (a Swedish-Ukrainian drone factory JV), Aeromotors, SkyHunter, and ABX Dynamics, alongside legacy fintech holdings being divested. Founders can submit pitches directly via the website; the team targets a response within 5 business days.