Magnus Ryde, Partner

Magnus Ryde, Partner

Magnus Ryde has more than 25 years experience in semiconductors and building high tech startups. Magnus previously held positions as VP, Field operations and Sales at KLA-Tencor and President North America at Taiwan Semiconductor Manufacturing Co. (TSMC). Magnus also was the CEO of FlexICs (a flexible screen spin-out from the Lawrence Livermore National Laboratory in California), Intematix (a provider of phosphor LEDs for solid state lighting), and Daystar Technologies (a CIGS thin film PV solar energy company in Silicon Valley). Magnus was also Advisor, and subsequently General Partner, at Quan Ventures for several years. Magnus has served on several boards in several high-tech companies with a focus on the semiconductor industry in Sweden, USA , Israel and Asia. Magnus holds an M.S. in Industrial Engineering from Linköping University and Stanford University and an Executive MBA from Stanford University.

Ed Schneider, Partner

Ed Schneider, Partner

Edward Schneider has been managing technology funds for more than 25 years. He is a serial entrepreneur, founding Quan Ventures, as well as a bio-tech startup. Ed was an active investor in Scandinavia since the 1990's, working together with Magnus on portfolio companies such as Innolite (an Extreme Ultraviolet light source provider for semiconductor lithography), and Mycronic (originally a mask writing systems provider for large display manufacturers), among others. Prior to founding Quan in 2000, Ed was a Geneva-based fund manager for Lloyds TSB Bank, where he managed equity mutual funds as well as an external venture capital portfolio. Ed holds a CFA designation, IEEE membership, MBA from Thunderbird and BA from Emory University.

Maria Strømme, Advisor

Maria Strømme, Advisor

Dr. Maria Strømme is a professor in nanotechnology at Uppsala University since 2004. Since then, Maria has built a leading research group - Nanotechnology and Functional Materials (NFM). The aim of NFM is to translate fundamental material science into smart, sustainable materials that are essential for our future. Maria holds over 30 patents, has more than 250 scientific articles, is an Academy Physicist at the Royal Swedish Academy of Sciences as well as the vice chairman of the Royal Swedish Academy of Engineering Sciences. She has founded two tech companies based on her own inventions and is also a board member of several national and international research councils and tech companies. Maria received a PhD in solid-sate physics from Uppsala University in 1997.

 
Dan Xu Borbely, Manager

Dan Xu Borbely, Manager

Dan Xu Borbely is a manager for Spirit, and supports our China activities. Prior to joining the team, she was promoting Swedish clean-tech startups, and doing related work for Chinese investors in Sweden. Previously, Dan also ran an international trading business. Dan was born in China, and moved to Sweden in 2006. Dan holds a BA in International Business and MS in Environmental Management and Policy from Lund University.

Lars Montelius, Advisor

Lars Montelius, Advisor

Lars Montelius has been a professor in physics and nanotechnology for over 30 years. He is on leave of absence from Lund University, leading a new Nanotechnology institute in Portugal (Braga). He is also co-founder of a number of startups in the KETs sector. Professor Montelius is well connected in the world of Northern European KETs. He is on the Board of SwedNanoTech, a Swedish industry association.

Key Enabling Technologies (KETs)

We invest in new ideas in the following technologies*:

  • Nanotechnology
  • Photovoltaics
  • Photonics/communications
  • Semiconductors
  • Materials Science
  • Bioengineering
  • Neuromorphic Computing
 

These core technologies enable clean energy, faster computing, Internet communications, and improved healthcare that the world will depend on.

* Together, these are referred to as Key Enabling Technologies (KETs) in EU Horizon 2020 literature

Mission

Our mission is to turn the potential of Europe's Key Enabling Technologies (KETs) into great companies that provide growth and employment.

Today, KET research is not commercialized due to capital and time needs beyond the reach of traditional venture funds. Spirit's longer term capital and support fills this venture gap, helping to transform these startups into successful companies.

White Paper

Strategy

We invest over the entire life of our portfolio companies. In the early stages, Spirit partners with university and government incubation centers in Lund, Kista, Oulu, Trondheim, etc. to select and guide entrepreneurs. At these centers, Spirit portfolio companies have access to "fab light" pilot production, converting their IP into scalable prototypes. Spirit then funds the best of its early-stage investments all the way to commercialization.

In addition, we invest in more developed companies that require expansion capital for commercial deployments.

We will partner with local pilot production facilities, such as PRONANO in Lund. These mini-foundries can provide economies of scale for our startups to share certain production costs required for commercialization.

Spirit Presentation

Where We Invest

Spirit Northern European Network

Local Technology Partners in participating countries coordinated by centralized Investment Management team.

Local Technology Partners in participating countries coordinated by centralized Investment Management team.