Investments, exits and stories for Nordic startups from June

It’s noticeable that summer is nearly here, as ‘only’ 46 Nordic startups announced investment in June, the lowest recorded in a month in 2016 so far.

However, it appears that someone forgot to tell those buying and selling companies that the sun was out, as June saw an incredible 23 exits disclosed.


Denmark’s Tradeshift lands $75 million through new Series D round

Sweden’s Klarna raise $30 million in debt in a bond sale

Norway’s poLight takes in another $18.8 million, plans to go public within 12 months

Finland’s Verto Analytics raised a $16.1 million Series B

Finland’s Tapp Commerce raises $9 million

Sweden’s Kivra raised $6 million

Bonnier amongst investor as Sweden’s Natural Cycles raises $6 million

Sweden’s Unomaly has raised $5.1 million in a Series A round led by EQT Ventures

Finnish Smarp have raised €3 million for their employee advocacy solution

Norway’s learning software company Skooler closes $3 million in funding

Denmark’s Tonsser have raised $2.83 million so far

Sweden’s Storytel raise another $2.8 million

Denmark’s food ordering app OrderYoYo have raised $2.75 million

North Media invest $2.7 million in Danish Lix Technologies

Norway’s Kubicam have recently raised $2.56 million

Sweden’s Health and Wellness startup Coala Life raises $2.35 million

Sweden’s Readly raises another $2.35 million

Iceland’s Tulipop closes $2m Series A round led by Frumtak Ventures

Sweden’s YouPic have raised $1.82 million

Norway’s Documaster have raised $1.6 million in seed funding

Denmark’s RelinkLabs have $1.34 million raised to date

Norwegian Nabobil are set to bring in another $1.2 million

Swedish Edtech startup Coursio have raised $1.2 million

Norway’s Tactic Real-Time Marketing raised $1.18 million

KIC InnoEnergy invests an additional $1.125 million in Swedish Minesto

Sweden’s Oddsium raises a further $720,000

Sweden’s Fitness startup Mymowo have raised $718,000

Swedish Welcome have raised $480,000 to connect newcomers to Swedes

Swedish Edtech startup DMP has raised $420,000

Sweden’s Competencer has raised $364,000

Sweden’s Innovation 360 have raised $360,000

Sweden’s Airinum raises $352,000 for for their breathing masks

Sweden’s WeMeMove raise $352,000

Norway’s, an Airbnb for ‘everything’ have raised $250,000

Swedish Gaming company Funrock have raised a further $240,000

Danish Boatflex raises $195,000 from a group of angels

The Internet Foundation in Sweden invests $145,000 in Swedish Weld

Minipro raised a $120,000 investment from Angel Challenge

Norway’s Cutters have raised $118,000 for their mobile hair salons

Denmark’s Famly received an undisclosed ($1 million+) investment

Sweden’s Soundtrap has a new investor (undisclosed amount)

Sweden’s Hemverket have raised an undisclosed amount

Denmark’s Actimo have raised an undisclosed investment

Danish FinTech startup November First has raised an undisclosed amount from Gregers Kronberg

Swedish Fast Travel Games, a VR studio raises an undisclosed seed round

Flightradar24 have invested in Swedish Skysense


Tencent buy SoftBank’s stake in ‘Clash of Clans’ maker Supercell, valuing them at $10.2 billion

Sweden’s Qlik Technologies was acquired for $3 billion

Tele2 to buy TDC Sweden for $352 million

In Sweden, Com Hem buys Boxer for $161 million

Optimizer Invest sell their stake in Betit Group to Norwegian Gaming Innovation Group for $82.6 million went public at a market cap of $63.8 million

Norwegian IDT mobile content division Zedge spun-off and started trading at a valuation of $60 million

Finnish Eniram has been acquired by Wärtsilä for $47.6 million

Swedish Inkclub’s founders buy the company back for €35 million

Qliro Group sells Swedish Tretti for $30 million

Warner Music acquired Sweden’s X5 Music for around $25 million

Axis acquired Swedish startup Cognimatics

Denmark’s JustCleaners has been bought by a rival

Norwegian Viking Venture sells AddSecure to Boston-based Abry Partners

Swedish Innovation Compass acquires seed-funding platform SeedFundIt

Catena Media bought a Swedish sports betting firm

AllClear ID acquires Norway’s Encap Security

Search Media has acquired Danish marketing agency Desk Wolf

Storytel acquire Sweden’s Norstedts

In Sweden, News55 acquires Seniorevent

House of Profiles acquires Swedish Perfectly and LGB Female

Denmark’s second largest online casino changes ownership

Norwegian on-demand home cleaning startup Wipe was acquired by Finland’s Freska

Top Stories

KnCMiner declares bankruptcy

Minecraft has now sold more than 100 million copies

Norway’s StartupLab have launched a new accelerator in partnership with Telenor

Monterro has closed a $145 million fund

Peter Vesterbacka is leaving Rovio

Spotify monthly active user base reaches 100 million

Danish Conferize to IPO on Nasdaq First North in Denmark

Denmark’s Tradeshift acquires Hyper to launch virtual travel assistant for the enterprise

“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