InnovationsKapital, the Swedish start-up and early stage venture capital firm, has hired Jonas Risberg as an investment director.

Risberg's appointment gives InnovationsKapital a six-strong investment team. Staffan Ingeborn, managing director of InnovationsKapital, said the firm may still bring in one or two more people since it has recently closed its third fund, with €132m ($121m) in commitments.