Although capital coming from investors in the UK, Germany and even the U.S is almost the norm in the Nordics these days (at least compared to a couple of years ago) there hasn’t been too much interest from Asia-based investors, until now it seems.
While looking at everyone who invested in the Nordics in 2015 for an upcoming members article, we noticed an interesting trend. Investments involving an investor based in Asia rose quarter upon quarter last year.
Although of course, the number of investments themselves also rose each quarter, it is very noticeable that at least some of these increased investments were due to capital coming from the East. It is particularly notable when we consider that just two investments in the Nordics in 2014 involved an Asian investment firm, with a year on year increase of 700% to 16 investments in 2015.
The investments are predominantly coming from two countries, although it is worth noting that investors from as many as six different Asian countries backed Nordic startups in 2015.
In terms of which Nordic countries are benefiting from this increased interest from Asia, all of them received at least one investment involving an Asian investor, with Finnish startups being the biggest beneficiaries of the capital.
For those interested, the full list of Asian investors who backed (at least one) Nordic startup in 2015:
Scentan Ventures (Singapore)
Zouk Capital (Singapore)
Korea Investment (Korea)
Hillhouse Capital (China)
Shenzhen Leaguer Venture Capital (China)
Shanda Group (Singapore)
Hon Hai/Foxconn (Taiwan)
Recruit Holdings (Japan)
Nova Founders (Hong Kong)
Photon Future (China)
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