Investments, exits and top stories for Nordic startups in December

The Nordic startup scene stops for no man, not even Santa, as December still saw a quite frankly ridiculous number of funding rounds, several exits and lots of big stories, with investment into Nordic startups seemingly the gift that just keeps on giving…

As a special treat for reading this while you are likely hungover on New Years Day, ahead of our Q4 funding analysis next week, we can reveal that December played a big part in Q4 seeing 131 investments, which is an amazing 72.38% of the total investments we saw in the whole of 2014, perfectly demonstrating that the number of investments in Nordic startups is still significantly increasing.


Danish Siteimprove raises $55 million from Summit Partners for its Web governance software suite

Finnish adtech startup Kiosked closed their Series B round at $30 million (with an additional $15M)

Danica Pension invest $22 million in Adform

Denmark’s CardLab has raised €5.5 million in Series A funding from Scentan Ventures

Swedish Podcast platform Acast raises $4.7 million more

Sweden’s Auction search service Barnebys raises $4 million

Swedish Matsmart raise a further $3.5 million

Eequity have invested $2.5 million in Swedish KidsBrandStore

Iceland’s ARK Technology completes $2.3 million financing round

Swedish Widespace raises a further $2.3 million from existing investors

Norwegian Cryonano is set to raise $2.3 million at an $11.5 million valuation

Icelandic Data analytics startup Activity Stream raises $2 million

Sweden’s Urb-it raises $1.75 million and launches its courier service in France

Swedish Schoolido raises $1.6 million to make ‘middle school’ better

Finland’s MONI raises $1.5 million, helps EU refugees

Iceland’s ATMO Select, provider of in-store music, closes $1.5 million Series A

Finnish Game developer Traplight closes a 1.3 Million euro funding round

Swedish Digital receipt startup ET Network raises $1.15 million

Valossa raises $650,000 for its AI-powered video search technology

Sweden’s Fintech startup Capcito raises $600,000

Swedish Recruitment startup Yobber take in $475,000

Sweden’s Sparta, a SaaS sales incentive startup raise $475,000

Norway’s Thinfilm received a €472,000 grant from the European Commission to help create an open-source IoT platform

Swedish Mevia, an IoT drug packaging startup, secures a $470K round

Sweden’s Adtech startup Alba Cross raise $400,000 from angel investors

Icelandic Watchbox secures $380,000 funding from Frumtak 2

Sweden’s Salesbox brings in $300.000 from Rite Ventures

Finnish becomes first Nordic business angel syndicate investment case with €300,000 seed

Swedish Purpefox raise $235,000 to help you print your Instagram photos

Najell raises a €242,000 angel investment for their baby sleep carriers

Sweden’s Trivato gets another $240,000, this time from DHS Venture Partners

Swedish real estate startup Renthia has raised $240,000 from a group of angels

Sweden’s Digitial funeral service Lavendla raise $235,000

Freight transport startup Freelway raises $145,000 from Sörmlandsleden Fund and two angels

Jolla closed their Series C round (undisclosed) and are seemingly now more secure

Angel investor Sophia Bendz invests in Sweden’s Roger, a communication app

NFT Ventures backs Swedish fintech startup Depo

Socius win Norway’s Angel Challenge and take home the top prize of 1.3MNOK

Snow Print Studios has raised money from some impressive angels

Danish Sponsta receives €60,500 from Innovation Fund Denmark

Denmark’s Sepior secures huge EU grant to scale cloud encryption business

Swedish Zpotdrop has raised an undisclosed amount from South East Asia’s largest ecommerce company


Schibsted (finally) now owns 80 percent of housing site Hemnet with the transaction valued at $175 million

Stillfront, the company behind the game Unravel started trading on the Stockholm Stock Exchange

Schibsted acquires the rest of Mibilio as the founder leaves the company

Norwegian Visma Group acquires Finnish startup DigitalBooker

Top Stories

As many as 20-25% of Truecaller’s staff are said to have been let go

Tobii are working with Microsoft on visual identification

Information surfaces that suggest Spotify paid €49.7 million when they acquired The Echo Nest

Angry Birds’ maker Rovio to change CEO

Every Oculus Rift pre-order will come with a copy of Eve: Valkyrie

Fintech startup Zmarta Group is for sale – for $120 million

500 Startups announce their Stockholm Distro Dojo kicking off May 2016

MTG’s new Head of Digital has been given $100 million to go shopping for startups

Danish Ventures: a new $45 million fund is announced

Ericsson strikes global patent licensing deal with Apple, ending all litigation between the companies

If you really want to keep on top of what’s happening in The Nordic startup scene, then sign up to our weekly newsletter where we curate all of the need-to-knows news from the region

“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