Investments, exits and top stories for Nordic startups in December

Catch up on anything you may have missed as the holiday season approached at the end of last year, with our curation of the investments, exits and top stories for Nordic startups in December.


The Investments

Finnish Visedo, specialising in electric powertrains and components has raised EUR20M (EUR13.5M in equity)

Finnish raises 19 million euros for its second-hand online store

Icelandic/Dutch FinTech startup Five Degrees raises €10 million

In Sweden, Zenith pumps another €10 million into Truecaller

Danish Tattoodo raise a further $8.5 million

Swedish Fleet logistics company Automile raises $7.5 million

Swedish Lookback raises $6 million for its UX research platform

Swedish Flatfrog has taken in another 60MSEK

Swedish solar startup Exeger raises €5.1 million to expand capacity

Finnish Energy startup Nocart has raised 5 million euros from Cleantech Invest SPV 5 and two Finnish family offices

Swedish Healthtech startup Min Doktor raises €4.7 million as CEO is forced out

Norwegian Stingray Marine Solutions has secured NOK 45 million

Danish FinTech startup Lunar Way raises €4.2 million led by Seed Capital

Swedish FinTech startup Qapital has raised a further 41MSEK

Danish Card management platform Cardlay raises $4 million

Danish eSports agency RFRSH Entertainment has raised 4 million euros

Swedish Refunder has raised 37MSEK from Eequity and Bonnier Growth Media

In Sweden, Lendo’s founder has started a new FinTech startup ‘Bynk’ and has already taken in 25MSEK

Norwegian Listen has raised 23.3MNOK for their digital hearing aids

Swedish Arthro Therapeutics raises $2.2M to support digital arthritis care

Swedish Idka has raised 20MSEK for their social network

Swedish A-KRDO takes in 20MSEK for it’s Polish-facing venture Akredo

Finnish career platform Fuzu raises €1.8 million to expand in Africa

Swedish E-commerce company Babyshop raised another 18MSEK at a valuation of 752MSEK

Finnish Cloudstreet, a Nokia spin-off has raised €1.6 million from VersoVentures and Finesco Capital

Swedish leasing comparison service Leasify raises €1.5 million in funding

Finnish Health startup Hapella raises 1.5 million euros

Finnish Noccela raises €1.2 million to expand sales of its shoplifter detection system

Swedish Borshajen, a stock trading platform has raised 12MSEK

Swedish solar company Solkompaniet takes in 11MSEK

Swedish Tinitell has closed another 10MSEK in investment, just after raising 8.5MSEK

Swedish Spintop has led a $1 million investment into Pacemaker

Finnish TalentAdore, an AI recruitment tool raises 1 million EUR

Swedish Innovation 360 has raised a further 10MSEK

Swedish Doctrin has raised 7MSEK more

Danish Elvium, a SaaS recruitment startup has raised 6.4MDKK

Finnish Retail analytics start-up Innorange raises 500,000 euros 

Swedish Mobile Storytelling has raised 5MSEK

Swedish DH Anticounterfeits has raised 5MSEK

Swedish Proteinbolaget has raised 5MSEK 

Swedish E-health platform Cross Technology Solutions has raised 5MSEK

Swedish Danads raises a further 5MSEK from existing investors for U.S expansion

Swedish Realtid Media has taken in 4MSEK

Swedish Digital marketing tool DMP Microlearning has raised 3.5MSEK

Swedish 46Elks has raised a further 3.5MSEK

Swedish FinTech startup Better Wealth has raised 3MSEK

Swedish AI Adtech startup Match2one has taken in 3MSEK

Finnish CloudBounce closes 240K Euro round with 10 Angels and 1 London VC

Swedish Bzzt has taken in 2MSEK for its electric taxi

Swedish Smart guitar startup Mind Music Labs raised 2MSEK

Norwegian Sharemy3D has managed to raise 2MNOK

Norwegian Filter Media, an online news site raised 1.5MNOK

IIS invests 1.5 MSEK in Swedish MetaSolutions

Finnish Ivalo has raised 150,000 euros for their “Tinder for fashion” app

Norwegian RØST won Angel Challenge and 1.2MNOK in investment

Swedish Gimi, the FinTech app aimed at kids has raised 1MSEK more

Danish Tradeshift closed investment from Santander’s venture capital arm

Swedish Midnight Hub has taken in investment

Swedish E-commerce platform Quickbutik has received an undisclosed investment

Danish Woomio has secured investment from another angel

Finnish Smart flowerpot maker Plantui has raised another small funding round to boost its expansion in Southeast Asia

Danish Legal Desk has closed funding from two angels

Finnish NOOA Global has raised investment from LandInChicago

Danish Swapkids has received investment from Capnova

Danish Service Lovers has also taken in capital from Capnova

Shell Technology Ventures has made an investment in Finnish Rocsole

Danish Project management startup Forecast has been invested in by Seed Capital

Danish EdTech startup Zedubra has taken in an angel investment

Danish OBi Plus has received an investment from Innovationsfonden

In Denmark, Kongskilde has invested in Agro Intelligence

Swedish Wrapp has raised an undisclosed amount from Collector and Länsförsäkringar

Danish Ta’ det has raised 0.2MDKK from business angels


The Exits

Denmark’s The Eye Tribe were acquired by Oculus (Facebook)

Finnish Boomlagoon was acquired by Wargaming

Swedish Edgeware AB went public on NASDAQ Stockholm

Swedish Sinch was acquired by CLX for 130MSEK

Swedish Fractal Design now has Litorina as a new majority owner

Industrifonden in partial exit from lifestyle brand Oatly

In Finland Reima takes over Baby Box

General Atlantic has acquired a majority stake in Swedish Hemnet, an online real estate classifieds platform

Norwegian dRofus has been acquired by Nemetschek SE

Finnish Rightware providing automotive user interface software was acquired by China’s Thundersoft for $68 million

Iceland’s QuizUp has been sold to Glu Mobile for $7.5 million, with reports it was actually sold for just $1.2 million

Niche Capital Fund acquires Denmark’s largest mums portal

CCG energy company bought by Denmark’s largest wind operator

In Denmark, has sold a majority share to Oresund Capital

Norwegian Autostore, a robotic warehousing firm Autostore acquired by Swedish EQT

Swedish Empir Solutions is to be acquired by MSC Group

Capidea became the majority shareholder in Danish Creativ Company

Three Danish hosting companies have been acquired


The Top Stories

Startupbootcamp has expanded to China

Former NSA Ventures investors raising new early stage fund: Crowberry Capital

Will CCP be Iceland’s first unicorn?

Axfood have made a takeover offer for Matse

Kichi Invest is a new Swedish-based fund from the founder of Paradox with 100MSEK and have already invested in Zound and Mionix

The Danish Government is now welcoming Uber in Denmark

Norwegian Kahoot! now has 40 million users

Neil S W Murray founded The Nordic Web in 2014 in order to provide the Nordics with the quality coverage it deserves. As well as being Founding Editor of The Nordic Web, Neil is also an active community builder in the region, participating in a number of initiatives, and has previously worked for