# First Entrepreneurs Fund

First Entrepreneurs Fund is an Asset Manager based in Djursholm, Sweden.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Djursholm, Sweden
- **Region:** Europe
- **Address:** Djursholm, Sweden
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** fefonden.com

## Regulatory record

- **Reports private funds:** No

## About

FE Fonden is a long-term, active owner investing in strong entrepreneurial teams within health and sustainability. The firm builds on over 15 years of entrepreneurship and investment experience, working closely with teams from early stages to IPO. It operates as an active investor, company builder, and AIF manager.

## Sectors

- Health
- Sustainability

## People

- Peter Werme — Co-founder
- Rune Nordlander — Co-founder
- Mikael Rydle — Team member

## Questions

### Who runs investment decisions at First Entrepreneurs Fund?

Co-founders Peter Werme and Rune Nordlander lead investment decisions. Werme previously managed equity portfolios at ABB Investment Management and Länsförsäkringar, while Nordlander built digital products at ABB Distribution before moving into venture. Team member Mikael Rydle supports deal execution and portfolio development.

### How is First Entrepreneurs Fund related to First Venture Sweden AB?

First Venture Sweden AB is the publicly listed investment company that forms part of the broader network. First Entrepreneurs Fund's co-founders are also co-founders of First Venture Sweden, and the listed entity's CEO, David Wendel, is a business partner. Major shareholders in the listed vehicle include Rutger Arnhult and Håkan Roos.

### What investment stages does First Entrepreneurs Fund typically target?

The fund invests at the early stage, working with companies from the idea phase through to public listing. The team describes its active period as spanning the 'Valley of Death' — guiding companies through early commercialization challenges and preparing them for growth equity and IPO.

### Which sectors does First Entrepreneurs Fund focus on?

The firm targets Swedish growth companies in health and sustainability. Portfolio holdings include drug discovery platform Sprint Bioscience, medical device company Zigrid, health analytics firm OneTwo Analytics, biotech Tribonex, and FMCG health group Humble Group.

### Does First Entrepreneurs Fund participate in fund commitments or only direct deals?

The firm only makes direct investments in operating companies. It does not operate as a fund-of-funds or allocate to external managers; each investment is made directly into an entrepreneur-led business where the fund's principals can take an active board role.

## Related profiles

- [First Drop](https://altss.com/profile/first-drop)
- [FirstFloor Capital](https://altss.com/profile/firstfloor-capital)

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Last updated: 2026-07-10T23:29:11.000Z

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