# TIN Fonder

TIN Fonder is an Asset Manager based in Stockholm, Sweden.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 2019
- **Assets under management:** SEK 1 billion – SEK 5 billion (Altss estimate)
- **Website:** tinfonder.se
- **LinkedIn:** https://www.linkedin.com/company/tin-fonder

## Regulatory record

- **Reports private funds:** No

## About

TIN Fonder is a fund management company offering equity funds focused on new technology and health. Its funds include TIN New Technology, an actively managed equity fund investing in technology-driven growth companies with a Nordic focus, and TIN World Tech, which invests globally in technology, health and sustainability. Investment themes centre on software, health and digital brands.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- FinTech
- Digital Health

## People

- Carl Armfelt — Portfolio Manager
- Erik Sprinchorn — Portfolio Manager

## Questions

### Who runs investment decisions at TIN Fonder?

Carl Armfelt and Erik Sprinchorn share portfolio management responsibilities. Both are founders and act as the named managers on all firm strategies. There is no external investment committee; all buy and sell decisions are made jointly by the two principals.

### Is TIN Fonder a venture capital firm or a public markets manager?

TIN Fonder is a public equities manager. It invests exclusively in listed companies, primarily on Nasdaq Stockholm, Nasdaq First North, and other Nordic exchanges. It does not make private, unlisted investments. Its ownership stakes are large enough that it occasionally operates like a minority activist, but all positions are in publicly traded securities.

### What is the size of TIN Fonder's flagship fund?

TIN Fonder does not publicly disclose real-time AUM for individual funds. Based on reported net flows and fund performance, total firm assets are estimated in the range of SEK 1 billion to SEK 5 billion. The flagship TIN Ny Teknik fund accounts for the majority of those assets.

### Does TIN Fonder invest outside the Nordic region?

The firm launched TIN World Tech in 2022, a global technology fund, marking its first mandate beyond the Nordics. The flagship TIN Ny Teknik fund remains exclusively Nordic-listed. The newer strategy targets global small- and mid-cap technology companies but retains the same concentrated, active-ownership approach.

### How does TIN Fonder engage with portfolio company management?

The firm practices active ownership. Carl Armfelt has written public letters to management and boards of companies including Sinch and Embracer Group, criticizing strategy, capital allocation, or governance. The firm seeks board representation when its ownership stake warrants it and uses its platform as one of the most-followed Swedish tech investors to influence outcomes both privately and through the financial press.

## Related profiles

- [Tindall Capital](https://altss.com/profile/tindall-capital)
- [Tin Goose Partners](https://altss.com/profile/tin-goose-partners)

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Last updated: 2026-08-11T15:08:18.003Z

Canonical page: https://altss.com/profile/tin-fonder

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