Investments, Acquisitions, and Top Stories for Nordic Startups from February.

Although short on days February certainly wasn’t short of action and it was another busy (and exciting) month for the Nordic startup scene, with six more acquistions and $65M+ raised.


Endomondo was acquired for $85M by Under Armour.

Synchronoss Technologies to Acquire F-Secure Personal Cloud Assets for $60M.

Silicon Labs Acquires Espoo’s Bluegiga, A Leader in Bluetooth and Wi-Fi Connectivity Solutions.

Canon to buy video surveillance leader Axis for $2.8 billion. have acquired competitor (In Danish)

The Danish IT company EET is sold to Norwegian FSN. (In Danish)


Airtame raise a $1.4M seed round.

Egmont invest in ed-tech startup WriteReader. (In Danish)

Xeneta raises a further $5.3M to bring greater transparency to sea freight prices.

poLight raises $19M for their fast-action tunable lens.

Agriculture startup Simris Alg raises $1.3M for expanding their algae farms.

Vionlabs raises $3M from Northzone for their movie recommendation engine.

Bitcoin mining startup KnCMiner raises $15M more, led by Accel.

Geniebelt, the construction platform raises another €700,000.

Travel platform raises $600,000.

DataSmoothie receive investment from Seedcamp.

E-Sports directory Abios Gaming raises investment from Bonnier Growth Media.

Opinion are part of 11 startups that Seedcamp have invested in. raise $500,000 at an impressive valuation, with no product as of yet. (In Danish)

Shark Punch’s Playfield raises €1.2M.

LeadDesk , a SaaS call center startup, raises €5.5M in Series A funding.

Finnish travel app CreateTrips closes €1.4 Million in seed.

Northzone invests $3.5M in recruitment startup Sqore.

Sparta, the gamified sales platform, gets funding from Spotify Execs and other Swedish Angels.

Top Stories

Three new VC funds open in Iceland in one week with $80M to invest.

KnCMiner are currently facing 15 law suits from customers.

Why Norway needs Startup Extreme. (In Norwegian)

Denmark’s BIG to design Google’s new California HQ.

Apple to invest $2B building green Data Centers in Ireland And Denmark

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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