Family office · Sweden

Backing tomorrow's disruptors.

Ternholm is a small family office from Sweden, investing in private companies from pre-seed to pre-IPO.

We back founders building what the future will take for granted. From FDA De Novo wound care to physical AI to prefabricated semiconductor fabrication plants.

A non-exhaustive list of the companies we've backed.

01
Nomagic

Physical AI that lets warehouse robots handle items they've never seen before. Unlocking what automation couldn't reach.

First invested in · 2021
nomagic.ai
02
SpaceX

Reusable rockets and a global satellite internet network. Turning orbital access from an event into infrastructure.

First invested in · 2024
spacex.com
03
Amferia

FDA De Novo wound care that fights infection without antibiotics. A new answer to one of medicine's slowest crises.

First invested in · 2025
amferia.com
04
Mast

Cloud-native mortgage origination for building societies and specialist lenders. Modernizing some of the most overdue software in finance.

First invested in · 2022
usemast.com
05
Nanotronics · CubeFabs

Modular, AI-driven semiconductor fabs that ship in months, not years. Rebuilding how — and where — chips can be made.

First invested in · 2022
cubefabs.com
06
Omnimod

A modular grid of AI-driven, omnidirectional units that moves goods in any direction. Replacing the conveyor belts that have shaped warehouses for over a century.

First invested in · 2024
omnimod.com
Contact

Get in touch.

Building something at the frontier? Send a note and we'll take a look.