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

These monthly recaps are getting longer and longer each time, as activity in the Nordics continues to keep on growing. And just after May saw 23 startups raising investment in what was a record number, in June we saw 28 startups raise, to immediately set a new record for the highest amount of investments in a month since we’ve been tracking funding activity. Oh, and if that wasn’t enough, June also saw 9 Nordic tech companies exit!


Spotify raise $526M at a $8.53B valuation.

Media analytics startup ‘Blackwood Seven’ have raised $7.5M and acquired German ‘Booming’. (In Danish)

Famly, the daycare communication platform raises $400K from prominent investors. (In Danish)

Colego raise a $3.3M Series A (In Danish)

E-commerce search engine Loop54 raises $600,000. (In Swedish)

Contact book app Cloapp raises a further $600,000. (In Swedish)

Competencer aims on supporting individuals’ growth through online advising service and raise $120,000.

Newsio raise angel funding for their social news aggregator (in Danish)

New mobile game developer Ministry raises $2M seed round.

Messaging app ‘Deems’ to get investment and support from Facebook. (In Norwegian)

HiWave has secured in excess of €2million in investment from the Swedish Energy Agency.

Sensor startup Imagimob raises SEK 3 million.

Faralong – the Airbnb of adventure travel has already raised $500,000.

Green Elk receives Angel Investment from WolfSSL CEO.

Laufforks receives $750,000 investment for it’s innovative bikes.

Norway’s Wonderloop just closed the world’s first ‘snapdeal’ by raising funding over Snapchat.

Viking Venture invests in House of Control AS.

Kahoot confirm they’ve raised $6.5M to date.

4 Norwegian startups ready to take on the World, including Robotic drilling startups NLINK who’ve just raised $1M.

E-commerce company Mathem raises $25M. (In Swedish)

Soundtrack Your Brand raise $10.9M. (In Swedish)

ModCam, the digital image recognition startup, has announced a € 1.4 million investment round

The Great Wild (Airbnb for hunters) raises $266,000. (In Swedish)

Hardware startup Form change their name to Minut, and announce a round of €260,000.

Musqot raise $300,000 for their cloud based marketing solution. (In Swedish)

Despite shunning VC, Football Addicts picks up secondary investment from Creandum.

Enevo raises a $15.8M Series B.

Music recording startup Soundtrap announced a $1M seed round.

Acquisitions and Exits

Cool Group is acquired by Norway’s Link Mobility, both in the B2B mobile sector.

E-commerce company Footway goes public on First North. (In Swedish)

Ad Performance acquired by Quantcast.

Starbreeze Studios acquires Valhalla game engine for $8.6 Million.

Biotie Therapies, developer of therapeutics for central nervous system disorders, raised$56 million in its IPO.

Hovding’s IPO at NASDAQ First North.

Bonnier acquires Planeto.

Software Innovation is acquired by Finlands Tieto for $78M cash. (In Norwegian)

E-commerce startup Bygghemma, has been reported to be acquiring parts of the recently bankrupt chain store Chili.

Top Stories

SEED Captial announces first close of third fund.

Softbank buys an additional 22.7% of Supercell.

AutoUncle win their drawn out legal battle with eBay (In Danish)

The battle for Nokia’s HERE Maps.

Oculus partnered with EVE Online developer CCP Games to make EVE Valkyrie.

Bloglovin’ appoints new CEO to concentrate on connecting its content with commerce.

Candy Crush Maker King Digital to expand in Stockholm.

Spotify’s ratio between free and paid users just grew for the first time in over two years.

StartupLab launches a customised program for Nordic startups heading to US.

Stockholm represents Scandinavia as the second largest FinTech Hub in European comparison.

Truedialer reaches 10 million user milestone six months after launch.

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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