STOAF

STOAF's deal flow originates primarily through its network of certified business angels, who are trained internally and operate across sectors such as deep tech, life sciences, and sustainable energy. General Partner Magnus Eriksson chairs the formal Deal Flow Committee, which filters opportunities before they reach the Investment Committee. The firm also draws from Swedish university research ecosystems and maintains a published methodology originally modeled on Silicon Valley best practices.

CEO and General Partner Per Anders Wärn chairs the Investment Committee, while General Partner Magnus Eriksson chairs the Deal Flow Committee. The firm's four General Partners — Wärn, Eriksson, Klaus Gottwald (CFO, Sustainable Energy), and Claes Post (Life Sciences) — collectively manage fund strategy and investment selection. Senior advisors, including a professor of economics and a former Gartner head of research, provide external guidance.

STOAF makes direct venture investments in early-stage B2B technology companies. The firm does not disclose a fund-of-funds program. Instead, it offers limited partners in its own vehicles co-investment rights, enabling them to allocate additional capital directly into portfolio companies alongside the fund.

STOAF has not published an explicit avoidance list, but its investment mandate focuses strictly on B2B technology start-ups in life sciences, advanced industrial technologies, advanced ICT, and sustainable energy. Consumer-facing, entertainment, real estate, and financial-engineering businesses do not appear in any disclosed portfolio company or stated investment area.

STOAF targets early-stage start-ups, with its 'Catch Early & Ride Longer' concept designed to enter at seed or early Series A and hold through value inflection points. Stoaf III SciTech's 14-company portfolio deployed over three years consists entirely of ventures at those formative stages, spanning university spin-outs and first-institutional-round companies.