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

Although the funding activity in the Nordics quietened down in July due to the infamous Nordic summer break, it appears that somebody forgot to tell Sweden…

And mainly due to their strong performance, July still saw 20 investments, totalling approximately $155M.


Renewable energy startup CRI gets a $45.5M investment from Chinese automobile giant Geely Holding Group.

Fashion e-retailer Boozt raises €26 million.

Tictail raises a $22B Series B.

e-retailers ‘Clothes’ raise $17.75M ahead of a planned IPO in 2016. (In Swedish)

Zound Industries (Headphones, and soon to be mobiles) raise $11.1M (In Swedish)

Fishbrain picks up an $8 million Series A.

Your.MD scores $5M for its AI-driven health assistant.

Future Home raised $1.2 million for their user-friendly smart homes.

Spotscale raises $1 million to further deploy drones to map buildings in 3D.

Trade Venue raises a $475,000 Angel investment. (In Swedish)

Malmo-based Crunchfish took in a $350,000 investment from Anders Blomkvist.

Malmo-based web-portal for travellers Owegoo raises $65,000 from three Angels.

Fidesmo raises 4M SEK (In Swedish)

Barnpengar raises between 1-5M SEK. (In Swedish)

Yobeeda raises 1.5M SEK. (In Swedish)

Trivato raises more capital, this time from Elin Nordegren (In Swedish)

Construction startup ‘Fieldly’ receives investment from a business angel.

Klang Games raises from London Venture Partners

Laundry startup Washa raises an undisclosed amount from Berendsen. (In Danish)

Budbee, a freight startup raises an undisclosed amount of funding (In Swedish)

Acquisitions and Exits

Wireless Logic has acquired SimService, the leading M2M solutions provider in Denmark.

Bonnier acquire (In Swedish)

Arctic Marketing is acquired by Sweden’s Catena Media for $1.15M (In Swedish)

Banqsoft AS, a Norwegian fintech software developer is bought by Danish KMD. (In Norwegian)

Herkules purchases 30% of online grocery giant Linas (In Swedish)

Soonr (Danish roots) is acquired by Autotask.

Top Stories

Truecaller look set to raise $100M at a $1B valuation.

Mobile maker Jolla splits in two, with Sailfish OS Its first order of business.

Malmö’s Wheelys accepted into Y Combinator.

500 Startups confirm they’ll ultimately set up an accelerator in the Nordics.

Index Ventures are looking to hire associates with knowledge of the Nordics.

IndoorAtlas grabs $3 million deal in South Korea.

Audi, BMW and Daimler near deal to buy Nokia mapping service.

Medallia (US company with Norwegian roots) raised $150M led by Sequoia.

Spotify raised the biggest round in Europe in the first half of 2015.

Angry Birds 2 launches worldwide.

Nokia reveals the Ozo virtual reality camera with 8 shutter sensors and 8 microphones.

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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