Investments, acquisitions and top stories for Nordic startups from August

It looks like the infamous Nordic summer break is officially over, as a steady stream of funding announcements occurring during the last couple of weeks of the month ensured that August saw 24 investments totalling a little north of $100 million.

In our monthly recap, we roundup all of the investments, exits and acquisitions and top stories for Nordic startups for the month that was.


iZettle raises €60 million in Series D round

Seriously raises an $18M Series A, led by Northzone

Google Ventures leads $6 million round in Stockholm-based VR gaming studio Resolution Games

Yoogaia, the World’s first interactive yoga studio closes $3 million seed round

Breakit report that H&M and Klarna have invested in Wrapp in a 25MSEK round. (In Swedish)

Readly raise $2.4 million from Zouk Capital. (In Swedish)

Finnish smartwatch game developer Everywear closes $2.25M funding round

ChurchDesk scores $2 million funding to help churches go digital

Antrad raise 20MSEK to thaw blood plasma faster. (In Swedish)

Solu lands $1.3M, can you guess what they do?

NFT Ventures invests between 7-10 MSEK in Leaseonline, a car-leasing startup (In Swedish)

e-sports betting startup Challenger Mode raise 6MSEK (In Swedish)

Springfield put 5MSEK in recruitment service Cruitway (In Swedish)

Fashion startup Apprl has raised 1MSEK (In Swedish)

Invesdor raises €1M through its own service.

Wake raises $750K from First Round Capital, Slow Ventures, Alliance Venture and other investors

How the Kite App might change the way we consume news on the web, has taken $500,000 in seed funding so far.

Swipe, the web-based PowerPoint competitor, raises further funding and launches pro plan

CloudCutout gets €500,000 from Seed Capital to apply machine learning to image editing

Venuu, the Finnish online marketplace for event spaces, announces raising €425,000

Inventure invest in Wirepas

IoT startup Mistbase raise money from LU Innovation

Refurb (as the name suggests, with computer equipment) raise funding (In Danish)

Markedsmodningsfonden has invested in 22 new Danish companies, including Shipbeat (In Danish)

Acquisitions and exits

Nokia’s digital mapping business HERE bought by BMW, Daimler and Audi for €2.8 billion

Nasdaq-listed Cirrus buys ‘Opolum’ for around 200MSEK (In Swedish)

Jajja and Eurovator merge and form digital agency: Jajja Media Group

Medtech company Diabetes Tools to acquire DiabetesGuru child app from Shore Innovation

Qasa now part of Hemnet – launches housing site (In Swedish)

Top stories

Klarna ‘insiders’ sell shares in secondary deal that values the Swedish payments firm at $2.25B, and Breakit took a look at the numbers (In Swedish)

WriteReader is the only non-US startup in Intel’s Edtech accelerator (In Danish)

GreenQloud has secured a partnership with VMWare and has Microsoft and HP in its sights (In Icelandic)

500 Startups to launch a pre-accelerator in Oslo

Opera Software are considering selling up

Zennstrom-backed Rdio goes up against Apple, launching a new live radio product (In Swedish)

King’s latest financial results were not too rosy

The world’s first wellness ring, Ōura hits Kickstarter goal of $100,000 in a day

The first Nordic health and wellness startup accelerator kicks off in Finland

Frumtak II plans to invest 1 billion ISK a year (In Icelandic)

Tobii’s share value has more than doubled since they went public (In Swedish)

Fashion site Bubbleroom takes its new CEO from the clothing giant H&M (In Swedish)

Yubico have partnered up with Dropbox

Microsoft confirms Finnish phone site closure and job cuts

UK Chancellor George Osborne visited the Danish startup scene

Angry Birds maker Rovio downsizes again, prepares to cut 260 jobs

Holvi launches mobile banking app, debit card to follow

Innovation Norway has launched a new 10M NOK fund for gaming startups to Internationalise (In Norwegian)

Swedish gaming studio Toca Boca hire an investment banker as they look for external investment or even a sale

Major setback for Airbnb in Sweden – rent tribunal stops rentals

MTG is restructuring, set to lay off 300 ppl in the Nordics + UK

Backers of Skype, Spotify, King and Klarna, Lakestar announce a new €350 million fund

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“In the tech world, things move fast and companies are born anywhere in the world. I’m able to have an ear to the ground with The Nordic Web – the content is fresh, local, and of high quality, which is exactly what you need as a seed investor.

In fact, it’s through Neil Murray’s newsletter that I first heard about Mapillary. Several months later, I was fortunate to lead our firm’s investment in the Company to help drive the creation of a crowdsourced visual representation of our world.”

— Nathan Benaich, Playfair Capital

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