# Pale Blue Dot

Pale Blue Dot is a Private Equity based in Malmö, Sweden.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Malmö, Sweden
- **Region:** Europe
- **Address:** Malmö, Sweden
- **Founded:** 2020
- **Assets under management:** Sub-$100M (Altss estimate)
- **Website:** paleblue.vc
- **LinkedIn:** https://www.linkedin.com/company/pale-blue-dot

## Regulatory record

- **Reports private funds:** No

## About

Pale blue dot is a seed-stage venture capital firm founded in 2020 in Malmo, Sweden. It focuses on climate technology investments in startups led by climate-focused founders. The firm has made 56 investments, including TANGIBLE in February 2026, and has one portfolio exit, Monta, in March 2023.

## Sectors

- ClimateTech
- AgriTech & FoodTech
- Energy Transition & Renewables
- Mobility & Transportation
- Enterprise Software

## People

- Hampus Jakobsson — General Partner
- Heidi Lindvall — General Partner
- Joel Larsson — General Partner

## Questions

### Who runs investment decisions at Pale Blue Dot?

The three General Partners — Hampus Jakobsson, Heidi Lindvall and Joel Larsson — share investment decision-making. The firm operates as a flat partnership with no disclosed investment committee beyond the founding GPs. All three are listed on the firm's public filings and website as the key decision-makers.

### How does Pale Blue Dot source its deal flow?

The firm relies heavily on the founders' personal networks built through prior operating and investing experience. Hampus Jakobsson's TAT exit and subsequent angel investing provided a funnel into the Nordic startup ecosystem, while Lindvall's impact-investing background opened access to climate-specific deal flow. The firm also co-invests regularly alongside peers like Norrsken VC and LocalGlobe, which serves as a secondary sourcing channel.

### Does Pale Blue Dot invest globally or only in Europe?

Pale Blue Dot invests exclusively in European startups. Its most active markets are Sweden, the UK, and Germany, though the fund can invest across the continent. The firm has not disclosed any non-European portfolio companies or plans to expand its geographic mandate.

### Which sectors does Pale Blue Dot explicitly avoid?

The firm does not invest in carbon capture hardware, fusion energy, or deep-tech climate solutions requiring significant capital expenditure before product-market fit. Pale Blue Dot's model favors software and marketplace businesses where the path to revenue is shorter and the capital requirements align with venture-scale check sizes. It also avoids non-climate sectors entirely.

### Does Pale Blue Dot participate in follow-on rounds or only initial investments?

The firm explicitly reserves capital for follow-on investments through Series A rounds. This is a core part of its stated strategy — making a concentrated number of initial bets and doubling down on the strongest performers, rather than spraying small checks across a broad portfolio without pro-rata maintenance.

### How is Pale Blue Dot structured — single GP entity or fund management company?

Pale Blue Dot operates through a standard Scandinavian fund management structure, with the three General Partners serving as the management team. The firm's second fund, Pale Blue Dot II, closed at €93 million in February 2024, confirming a multi-fund trajectory rather than a one-off vehicle. LP identities have not been publicly disclosed.

## Related profiles

- [Palatine Hill Wealth Management](https://altss.com/profile/palatine-hill-wealth-management)
- [Pale Fire Capital](https://altss.com/profile/pale-fire-capital)

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

Canonical page: https://altss.com/profile/pale-blue-dot

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