Investments, exits and top stories for Nordic startups from April

The fact that 50 investments in a month can be considered a relatively normal month speaks volumes as to how fast investments have accelerated in the Nordic startup scene over the last couple of years. But that’s exactly how many investments April brought us, as well as 9 exits and a storm brewing in Sweden that could be a sign of things to come, as with increased investment comes increased responsibility (for the Governments to wake up that is)


Finnish food ordering startup Wolt nabs €10 million in funding

Norwegian Sonitor Technologies raises $9.5 million in funding

Swedish Corner Shop raises $6.75 million

Ubon Partners invests $6.15 million in Norwegian Smart Home-Chip company Disruptive Technologies

Swedish touch-screen startup Flatfrog have raised a further $5.22 million

Swedish Smart lock startup Glue have raised $3.73 million in total so far

EA gives Swedish secretive games studio Hazelight $3.7 million to develop its games

Swedish edtech startup Digiexam raised $3.7 million

Finnish mobile gaming studio Armada Interactive picks up $3 million led by initial capital

Swedish E-commerce platform Lithium have raised $3 million

Swedish Wheely’s has closed a funding round of $2.5 million to take on Starbucks

Dohi Sweden have raised $2.2 million

H&M invested €2.1 million in Swedish Ivyrevel in Summer 2015, ‘documents reveal’

Swedish Impraise have raised $1.6 million for their feedback tool

Sweden’s Wiraya has raised $1.47 million

Swedish E-commerce site Teknikdelar raised $1.47 million

Swedish Adtech startup DanAds gets $1.47 million

Swedish FinTech startup Dreams raised $1.24 million

Satcube has received $1.2 million from the European Investment Bank with private investors also coming in with another $1.2 million

Finland’s NetMedi have raised $940,000 to support their International expansion

Swedish calander app Simpliday raises $873,000 to launch in the U.S

Swedish smart home startup Ngenic raised $870,000

Swedish betting app Oddsium has raised $860,000

Edtech startup Albert raised $858,000

Swedish gaming studio Funrock has raised $800,000

Worldfavor picked up a $613,000 investment

Danish Fooducer have raised $531,000 from Capnova

Finnish customer experience tool Feedbackly raises €500,000

Denmark’s Tradeworks raises $500,000 from Singapore based strategic investors and Innovationsfonden

Norwegian RestDB has now received pre-seed funding of $440.000

Sweden’s InfraSight raised $373,000

Swedish Bitcall has raised a $370,000 seed round from Magnus Emilson

Sweden’s Parakey raised $370,000

Finnish Magic Add has raised $250,000 for their ‘internet of packaging’

Finland’s Tespack, who produces backpacks with embedded light-weight solar panels, sealed an investment of €200,000

Swedish translation startup Contentor picked up $185,000

Swedish Belly Balance received a $123,000 seed investment

Norwegian VirtualSpend have raised $105,000 from Innovation Norway and private investors

Danish Deemly, the personal reputation site for users in the sharing economy has raised a seed round

Swedish equity crowdfunding platform Arantus raised a round

Sweden’s Telefonshoppen raised a ‘few million SEK’ last year from Jonas Engwall

Alexander Hars, David Brudö and others have invested in Maurten

Swedish Attach raised an Angel round

Denmark’s Ublend, helping students find events on campus, has raised seed money

Danish Veridu has secured investment from Worldpay

Football star and Klarna’s manager invest in Swedish saving app for kids

Danish auto-startup Rubberduck raises angel investment from Morten Strunge

Energy startup Charge Amps raised capital

Lars Seier has invested in Denmark’s Sponsta are looking to become the Momondo of auction houses and have raised an undisclosed amount


Bonnier sells kids apps maker Toca Boca to toys company Spin Master

Simris Alg went public on First North

Axcel to buy Danish Lessor Group

Amedia is selling Opoint to M-Brain 

US-based Enterworks Holding have taken a majority stake in Finnish Digital Foodie

Danish Invoicing startup Sproom has been acquired by Visma

There was a successful IPO for Swedish IoT Company Plejd

Data collection company Nepa listed on First North

Finland’s JOT Automation have been acquired by Wuxi for €74 million

Top Stories

Spotify founders threaten to move from Sweden in open letter 

Rovio took a $14.75 million loss last year

Min Doktor gets a new CEO as the founder steps down

Collector, a digital first bank has set up a $12 million FinTech fund with NFT Ventures

25% of US teachers (K12) are now using Kahoot! during a school year

Danish Graduateland acquire competitor Tyba

Qlik are rumoured to be selling in a billion dollar deal

Spotify buys photo aggregator CrowdAlbum to build more marketing tools for artists

Nokia buys into wearables market with acquisition of Withings

Kinnevik proposes extra $600 million cash distribution, Google VP to join its board of directors

500 Startups are bringing their Distro Dojo to Stockholm

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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