Investments, acquisitions and top stories for Nordic startups from September

September saw 27 investments totalling approximately $65 million and 9 exits as Q3 came to a close. Catch up on all of them in our monthly recap of all of the deals and biggest stories.


Northzone leads $15 million in e-commerce startup Lesara

Finnish adtech startup Kiosked gets a €15 million boost from the European Investment Bank

Data acceleration startup Swarm64 raises €7.1 million for a US expansion

Universal Avenue raise $5M from Northzone and Salesforce Ventures

Pichit raise $3 million to become the next Clipart

WiFi sharing community Instabridge raises a $3 million round led by Balderton and MOOR

Nordic Power Convertors have raised $2 million from Seed Capital and 10 business angels

Linkfire gets €2.3 million investment after impressive growth in the music industry

Royal Design raises 20MSEK ahead of an IPO (In Swedish)

Skioo raise $1.5 million

SportSetter gets $1M to expand its ‘Uber for fitness’ app to the UK

Swedish Web TV startup Flow raised about $1 million

HR startup Team Tailor have raised 7.5MSEK

Digital Media company Rutt Ett have raised $600,000

Soylent competitor Ambronite has raised $600,000

Antos, an Uber for renting boats has raised €500,000

Pensionskraft raise $460,000 to give senior citizens bigger wallets

Big data startup Plytix take in 3MKR from Seed Capital (In Danish)

Lix Technologies have raised 3M DKR (In Danish)

Wematter, a 3D printing startup takes in 2.4MSEK (In Swedish)

Greta, a content distribution startup have raised 2MSEK from angels (In Swedish)

Dating app Teazr have raised 1.6M DKR to expand to the US (In Danish)

Prettysocialmedia get funding and expand further in Europe

Praice raises money from angels- Christian Birk among the investors

Washa have raised money from some of Denmark’s most prominent angels (In Danish)

Sponsta, connecting popular Instagramers with brands have raised angel money (In Danish)

Almi Invest fund robot company Realisator Robotics (In Swedish)

Acquisitions and Exits

Vianova Systems was acquired by Trimble to bolster its civil engineering and infrastructure software

Dsafe is acquired by Sweden’s Bambora (In Swedish)

Flexera Software acquires Denmark’s Secunia

CLX look set to go public on the stock exchange

TV4 Group buy startup Live Guide

New Swedish gaming business as Gaming Corp buys Visual Dreams

The Riverside Company has acquired Swedish gaming company Nina Ottosson Puzzle Games & Toys

After declaring bankruptcy, Swedish streaming platform Film2Home has been bought by Magine for an undisclosed sum

MTG are on the verge of acquiring Dreamhack

Top Stories

#CPHFTW has a new man

Media Group Schibsted raise 2.8 billion SEK

Vertical VC firm launches Finland’s first healthtech accelerator

TabTale are in talks to acquire TocaBoca (reports)

Sweden’s Eequity receive SEK 750 million for its new e-business fund

Zalando have been duped out of €18.5 million

TrustBuddy have taken four key employees from Klarna

Helsinki Ventures launches IoT accelerator programme

Finnish post office tests drone for parcel delivery

Com Hem agrees €107 million financing agreement

Klarna’s earnings are out, with profits up 600% this year

Swedish Widespace now reaches 200 million mobile users

Readly forced to close down in Stockholm, staff termination to occur

Automile are looking to the US for fresh investment

TocaBoca passes 100 million downloads

8Roads Ventures to invest $60 million of their $250 million fund in the Nordics (In Swedish)

Spotify has been growing even faster since the launch of Apple Music, according to its CEO

Subway Surfers breaks 1 billion downloads barrier, boasting 27 million daily active players

Iceland’s Dohop has partnered up with Yandex the Russian search engine giant

Half of the workforce is leaving Goo Technologies

Klarna’s US expansion is off to a good start as they team up with American Express

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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