Portfolio company performance risk
NanoCap's value depends on investee companies reaching cash flow, EBITDA, or listing milestones.
- Scope
- Core holdings and new investments
- Materiality
- high
NanoCap Group
NanoCap Group AB is a Swedish investment company that owns and develops a portfolio of growth businesses, primarily through holdings in listed and unlisted companies. The group also develops in-house projects and operates through a small parent-company structure with wholly owned subsidiaries in Sweden and the United States.
| % | |
|---|---|
| Growth company investments | 55% Capital deployed into listed and unlisted growth businesses that NanoCap owns or seeks to own long term. |
| Portfolio development and active ownership | 20% Hands-on support to portfolio companies through ownership, governance, and value-building activities. |
| In-house project development | 15% Internal projects developed within the group alongside external investments. |
| Listing preparation services | 10% Work to structure portfolio companies for a future stock market listing. |
NanoCap's direct counterparties are the companies it invests in, rather than end consumers...
- Growth company investeesprimary
Unlisted and listed growth businesses that receive capital and active ownership support.
- Portfolio companies with listing potentialprimary
Businesses NanoCap aims to structure and prepare for a future public listing.
- Strategic core holdingssecondary
Companies held above 5% or considered strategically important to the portfolio.
- Shareholders and capital market investorsprimary
Investors buying NanoCap shares for exposure to a managed portfolio of growth assets.
NanoCap is headquartered in Stockholm and operates as a Swedish listed group on Nasdaq First North Growth Market...
- •Headquartered in Stockholm, Sweden
- •Listed on Nasdaq First North Growth Market
- •Operates through Swedish group companies and a U.S. subsidiary
- •Portfolio is described as international in scope
- •Geography depends on where portfolio companies operate
NanoCap's strategy is to invest in growth companies with strong potential, remain an active owner, and build value...
01
Increase investment activityshort-term
More deployed capital expands the portfolio and can create future value if holdings develop successfully.
02
Active ownership and value creationmedium-term
Hands-on support is central to improving portfolio company performance and exit readiness.
03
Prepare holdings for listingmedium-term
A listing pathway can improve liquidity and crystallize value for the portfolio.
NanoCap is exposed to the performance of its portfolio companies, so investment outcomes depend on the operating...
Liquidity risk
Cash balances vary with investments and realizations, which can constrain flexibility.
- Scope
- Group-level treasury and investment capacity
- Materiality
- high
Market and valuation risk
Fair values of holdings can change with market sentiment and comparable company multiples.
- Scope
- Listed and unlisted portfolio holdings
- Materiality
- high
Currency risk
An international portfolio can create translation and transaction exposure.
- Scope
- Cross-border investments and U.S. subsidiary
- Materiality
- medium
Competitive deal-sourcing risk
The company operates in a competitive market for attractive growth investments.
- Scope
- New investments and follow-on opportunities
- Materiality
- medium
Fair value of investments
Changes in valuation can drive large period-to-period swings
Realization timing
Quarterly comparability can be uneven
Seasonality and investment cadence
Reported quarterly performance may not reflect underlying portfolio trend
: 11/08/2026