Firms
NAVCAP AB is a Swedish investment company that backs Swedish industrial businesses and early-stage startups, helping new business ideas reach the market. Its publicly documented technology investments include Rivus Batteries, which develops metal-free organic electrolytes and flow batteries for large-scale energy storage, and a historical listed shareholding in Toleranzia, a biotechnology business developing immune-tolerance treatments for rare autoimmune diseases. NAVCAP joined Rivus as a new investor in its December 2023 EUR525,000 equity financing. Owner and Managing Director Lars Ulin also chairs Rivus’s board, connecting the investment company with its portfolio company’s governance. NAVCAP is a Swedish aktiebolag registered as 556826-3882.
Founded 2010
Type Venture capital Funds0 No funds on record yet.
Team Investments
team@apexlogos.ai · 22 hours ago
Identity and available-source coverage: Swedish NAVCAP AB556826-3882 is primary-confirmed by GLEIF LEI254900PYUTZI555UXT81, distinct from US NavCap Wealth Management/navcap.org, US Navigator Private Capital/gonavcap.com, Brazilian NavCap Advisors/navcap.com.br and Indian NAV Capital/navcapital.co.in. Rivus’s own issuer release publishes NAVCAP’s industry and early-stage startup strategy; its current board directory confirms one named NAVCAP professional, owner and Managing Director Lars Ulin. Existing LarsUlin biography, portrait, name and outside Rivus role are preserved. A verified NAVCAP-owned website, authentic logo and complete firm directory were not publicly located; no namesake logo/domain or fabricated asset is imported. Commercial Swedish register-republishing directories list Karin Charlotte Ulin as deputy board member and external auditors, but an original corporate filing was not obtained and those secondary-only people are queued rather than asserted as primary-current staff. No public primary LP fund, dedicated neuro/AI mandate, recent fund close or check size is established; no Fund is created. The exact existing Rivus round47502 EUR525000 announced2023-12-05 is reused; NAVCAP ticket and lead status are unverified, no lead field supplied and no cash allocation to any fund. Toleranzia’s own2024 annual report shows a historical NAVCAP1.4% holding, and2025 AGMnotice names LarsUlin as NAVCAP-appointed representative. Toleranzia legallymerged/dissolved August19,2025, with operations transferred to Flerie’s subsidiary; no current NAVCAP ownership of the new subsidiary/Flerie or new cash event is inferred. Full historical Toleranzia/Bonsai identity/profile research is queued before any additional holding import. Sources: https://rivus-batteries.com/news-insights/rivus-batteries-raises-half-a-million-euros-to-deploy-organic-batteries ; https://rivus-batteries.com/about-us ; https://api.gleif.org/api/v1/lei-records/254900PYUTZI555UXT81 ; https://www.toleranzia.se/wp-content/uploads/Toleranzia-AB-Arsredovisning-2024-SVE-FINAL.pdf ; https://www.toleranzia.se/wp-content/uploads/Arsstamma-2025-06-05-Kallelse-FINAL-Sve.pdf ; https://www.flerie.com/en/the-merger-between-flerie-and-toleranzia-has-been-completed/ SHOW MORE