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Mist Ventures
Mist Ventures is a Lund-based investment fund founded in 2019 by Michal Scala and Magnus Midholt. It invests in pre-seed and seed rounds in technology-based...
Mist Ventures
Mist Ventures is a Lund-based investment fund founded in 2019 by Michal Scala and Magnus Midholt. It invests in pre-seed and seed rounds in technology-based companies with proprietary technology. The firm has made 11 investments, including Oktogrid in January 2023.
General information
Firm type
Venture Capital
Year founded
2019
AUM
Undisclosed
Location
Region
Europe
Country
Sweden
City
Lund
Corporate office
Lund, Sweden
Principals
Michal Stala
Managing Partner
Magnus Midholt
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Mist Ventures?
Managing partner Michal Stala and partner Magnus Midholt make all investment decisions together. Both are former ARM directors who co-founded and sold Mistbase before starting Mist Ventures. Neither the firm's website nor public filings indicate any investment committee beyond the two named partners.
How does Mist Ventures source proprietary deal flow?
The firm sources heavily from the Öresund region deep-tech ecosystem, particularly companies connected to MINC, the Malmö startup house. Stala and Midholt lean on two decades of embedded-software and semiconductor networks built at Ericsson, Sony Ericsson and ARM. The three-hour-flight rule further shapes the opportunity set to Northern Europe.
Does Mist Ventures participate in fund commitments or only direct deals?
Mist Ventures invests directly in operating companies. The firm does not describe itself as a fund-of-funds, nor does its website mention LP commitments to external venture funds. One exception is its co-investment alongside SamInvest and other family offices for MINC-linked startups, but those appear structured as direct investments rather than fund subscriptions.
What investment stages does Mist Ventures target?
The firm explicitly targets pre-seed and seed stages. Its standard check size is up to 1M SEK, and it structures deals so founders retain majority ownership. Growth-stage rounds are not mentioned in any public materials.
How is Mist Ventures related to Mistbase?
Mistbase was the cellular-IoT startup co-founded by Stala and Midholt, acquired by ARM in 2017 after 18 months of operation. Mist Ventures is a separate entity the two principals started after the acquisition, using their operator experience and exit proceeds to back other founders.
What is Mist Ventures' known posture on co-investments alongside external GPs?
The firm co-invests with other early-stage backers such as Elewit, Rockstart, EMD Fonden and SamInvest, as shown in OKTO GRID's 2024 round. Mist Ventures typically writes its own direct check rather than pooling capital through an external GP-led vehicle.
Does Mist Ventures maintain philanthropic structures or separate foundations?
No philanthropic foundation or donor-advised fund appears on the firm's website, LinkedIn presence, or in Swedish corporate registries connected to Michal Stala or Magnus Midholt. The firm appears to operate as a straightforward private investment partnership.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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