# Mist Ventures

Mist Ventures is a Venture Capital based in Lund, Sweden.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Lund, Sweden
- **Region:** Europe
- **Address:** Lund, Sweden
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.mistventures.com
- **LinkedIn:** https://www.linkedin.com/company/mist-ventures

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- AI/ML
- Industrial Tech
- Energy Transition & Renewables
- PropTech
- Enterprise Software
- FinTech

## People

- Michal Stala — Managing Partner
- Magnus Midholt — Partner

## 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.

## Related profiles

- [Mistral Venture Partners](https://altss.com/profile/mistral-venture-partners)
- [MITA Ventures](https://altss.com/profile/mita-ventures)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/mist-ventures

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology