Investments, Exits and Top Stories for Nordic Startups from August

After a worryingly slow first half of the month, the last ten days or so were extremely fast paced for announcements, ultimately meaning that there was plenty to catch up on for August.




Veo, uses AI to let amateur soccer clubs video matches, raised €2 million in seed funding

FinTech startup Lendme raised an undisclosed amount


MaaS Global completes funding round, raising €14.2 million in total

ICEYE, a microsatellite radar imaging startup raises $13M to launch new constellation

Learning game studio Lightneer raises a $5 million seed round

IndoorAtlas closes Series B investment round – strategic investment from Yahoo! Japan

Playmore Games has raised 1.5MEUR

Health Invest Finland raises $1.5 million

Cleantech Invest commits 1.5M€ to’s new round

Health and Wellness startup Popit has raised 1.2MEUR

Brella has raised 1.2MEUR

Keiku receives 0.7M euros to bring audio back to everyday media content

The Meal Planner gets €700k in fresh funding

CONNAX has taken in investment from Icebreaker

BCB Medical has received investment from Standout Capital and Tesi


Employee training app Viska raises $1.2m seed round led by Brunnur

Influencer marketing platform Ghostlamp closes $1m seed round led by Brunnur


Music startup Oiid has raised 13MNOK

Villoid raises a further 13MNOK

Spiff has raised a further 8.5MNOK

Moviemask has raised 2MNOK

Maritime startup Bluelice has raised 2MNOK

Fitness App PTX has raised 1.7MNOK

Legal Tech startup Lawbotics collects 1.5MNOK from the publishing house Aschehoug

SammeVei has raised 0.5MNOK

Robotics startup nLink has sold 37% of their shares to Hilti


Babyshop raised a further 151MSEK

Nanotech company Glo has raised 120MSEK from Google

Product marketing startup inRiver raises €10.5 million

Anima raises 95MSEK for its connected watch, Kronaby

Werlabs has raised a further 59.6MSEK

Znipe has taken in a further 30MSEK

Treetotextile has raised 25MSEK

Fan League has raised 20MSEK

Social and Comms startup Dark Matter has raised 17MSEK

Red Flag, an accounting app for SMEs, raises €1.6 million

Tink has raised a further 14MSEK from Creades

Sana raised 8MSEK

NextStep Dynamics has raised 5MSEK

Hearezanz has raised 5MSEK

Ilya Pharma has raised 4.5MSEK

Studybee has raised 4MSEK

Watersprint in Lund has raised 4MSEK

Hyber has raised 3MSEK from Well Street

Ecommerce startup Bill Mate raised 3MSEK

Pilloxa has raised 2.5MSEK

Gaming company Hatrabbit has raised 2.5MSEK

Upcor has taken in 2MSEK

Bofink has raised SEK 1 million in venture capital from Thomas Eriksson

GetGeek has a new (30%) shareholder

Pinmeto has raised more capital, including from H&M

Valueqard has raised investment

Playpilot has raised an undisclosed amount

Sensor developer Exensor is acquired by Bertin Technologies




Japanese Monstar Lab has bought the majority of development house Nodes

DinArv has been acquired by competitor


Fortune 500 company NetApp acquires Greenqloud


Schibsted acquires


Medius has been acquired by Marlin Equity Partners

WinServ was acquired by Norwegian Evatic

News24 has sold the Dayviews site to entrepreneurs Fredrik Selin and Carl Nordström

Digital agency Acne has been acquired by Deloitte

Standout Capital acquires a majority stake in Exsitec to fuel further growth

Kampanjjakt has been acquired by Mytaste for 15MSEK

Smart Refill becomes the majority owner of Digimail

Newsner is joining Mediaplanet

Metapic acquired by Tradedoubler

THQ Nordic buys the Swedish development studio Pieces Interactive

SEO company Brath acquires competitor Teveo

Freya News has been acquired by French marketing tech firm Azalead


Top Stories

Vivino has topped sales of wine worth over US$40 million within a year of launching its e-commerce site

Klarna launches a peer-to-peer payment app called Wavy

Tayyab Shabbab gives up on Sweden‘s immigration authorities and takes a job in Berlin becomes the Nordic region’s first Linkedin partner

Safello aims for comeback with new Bitcoin buying option

iZettle look set to go public in Q2 2018

Unity adds Max Levchin and Robynne Sisco to board as it readies for IPO

Rovio is set to go public with a value of $2 billion

Northvolt are looking to raise 100MEUR

Min Doktor appoints Laurens Leurink as new CEO, eyes European expansion

SEC is studying Spotify’s plan to bypass IPO in NYSE Listing

The Danish government released a proposal for improving conditions for entrepreneurs

Disruptive Technologies is looking to close a 150MNOK round this Autumn

A new fund has been established for backing startups in Northern Norway

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