Explore the opportunities

Creating Bonds between China and Scandinavia


Work with the Intermediate team to identify, negotiate and development investment opportunities.


Scandinavia and Sweden in particular feature the most diverse and promising startup ecosystem outside the Bay area.

Venture Funds

Investing into startups gives very good IRR but with a lot of effort. Trust Intermediate to set up and manage Funds.

The Intermediate story

China has seen an unprecendent growth since Deng Xiaoping took command and after his legendary Southern Tour opened China for foreign investments. More than 20 years of continuous extreme GDP growth have created a country with the largest industry, largest cash-reserve and largest consumer base. With Xi Jinping’s Made-in-China 2025, the country has set ambitious goals to become the leader in virtually any industry but a specific focus in AI, Semiconductors, Cloud Computing and Biotech

David Almström moved to China in 1997 to head up Ericsson’s datacom operations in a green-field market. Later, Mr Almström become VP of Business Strategy, leading Ericsson China’s effort into the Mobile Internet. In 2012, after a successful exit from Trolltech into Nokia, Mr Almstrom moved back to Sweden to found Intermediate AB and Intermediate Ventures  specifically focused on bridging various investment efforts between China, Hong Kong and Sweden.

David Almström

founder intermediate Ventures

David has M.Sc. in Telecommunications and International Business from University of Linköping, Sweden. Prior to found Intermediate, he co-founded Tiandi Scandinavia in 2008. He has served as Director for Product Management, Telenor Digital; Director Qt APAC, Nokia and Regional Director, APAC Trolltech. Before Trolltech, David was VP Ericsson China, Business Strategy and Director, Datacom. David was born in Stockholm, Sweden and speaks Swedish, English, French and Chinese. He resides in Stockholm with his family and shuttles to Hong Kong, Beijing and Shanghai.


“Most of Sweden’s startups work in close proximity to each other and have formed a real innovation community”

Neil Sholay, Head of Oracle Digital EMEA



Internet Next Gen

Blockchain, AR/VR/MR, AI and machine learning, games, gambling and Fintech are core areas all over Scandinavian. Driven by government policies and strong companies like Ericsson, Nokia, Statoil and Vestas, startups popping up all the time.

Life Science

Scandinavia leading with the world famous Karolinska Institute - awards the Nobel Prize in Medicine - has a fantastic startup and research community in pharma, biotech and medtech supported by AstraZeneca and others.

World Leading Ecosystem

Helsinki, Oslo, Stockholm and Copenhagen regularly gets awards and nominations for being one of the best startups place in the world. Unicorns like Spotify, Supercell, Opera and Unity proves the point.


David Almström


David leads the work with investors and startups in Scandinavia and China. He is also often involved in advising on government policies.

Leo Leung​

Founder, Partner HK

Liaising with stakeholders and startups in Hong Kong and South East. With more than 20 years of business development experience in Telecoms & IT.​

Ketil Hoigaard​

Partner Oslo

Identifying and working with startups and growth companies in Norway. 20 years of int'l business development in IT & Mobile based in Scandinavia.​


Daggy Getachew​

Partner Tiandi

Daggy has a decade of driving strategic growth globally and has excellent skills identifying key team members and growing teams. Based in Stockholm.​

Haavard Nord​

Serial Entrepreneur

 Based in Oslo. Co-founded and sold Trolltech to Nokia; co-founded Owner's Roam and Conclude.

Desigan Chinniah​

Director of Open Innovation at Mozilla

Based in London, being a Dot-Com firestarter and futurist, Dees is engaged heavily in the blockchain community.



Cheung Kong Graduate School of Business was founded by Li Ka-Shing in 2002 and is Asia’s largest business school with alumnus like Jack Ma, Alibaba and Pony Ma, Tencent.


The Royal Academy of Engineering Sciences (IVA), Sweden’s second youngest royal academy, was founded as late as 1919, but it is also one of the world’s oldest engineering sciences academies.

NDN Group

NDN Group is a major digital conglomerate and investment group focused on building, acquiring, and growing companies in the digital space across multiple markets, including artificiell intelligence, blockchain, big data analytics & China Marketing.


RJ Capital Group is a fund management and financial advisory firm focusing on investment and financing in New Economy area in China.

Contact us


China Liaison Office

  • +86 105 139 6100
  • 22H Tower-C, Oriental Kenzo
    48 Dongzhimen Outer St
    Beijing 100027

Hong Kong

Global Headquarter

  • +85 231 65 13 20‬
  • 19B Hillier Commercial Building, 89-91 Wing Lok St, Sheung Wan
    Hong Kong S.A.R.


Scandinavian Operations

  • +46-727 28 75 88
  • Radiovägen 2
    13548 Tyresö

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