Investment levels held up, and in the year to June 2008, the fund signed agreements on investment of SEK 343 million (about €35 million), slightly down from SEK 351 million in the year before. But the fund was obliged to support existing investments, meaning that new companies lost out, with Industrifonden putting SEK 92 million into ten start-ups, compared to the SEK 201 million it invested in 13 new companies a year earlier.
One the other hand, the fund made follow-on investments of SEK 251 million in 2007- 2008, as against SEK 150 million for 2006–2007.
Overall the fund made a loss of SEK 283 million compared to a profit of SEK 123 million in 2006 – 2007.
Industrifonden invests in Swedish growth companies across all sectors, offering development capital for young technology companies and expansion capital to mature companies that want to grow. The fund has assets of SEK 3.1 billion, of which SEK1.6 billion is invested in one hundred companies.
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