Investments, exits and top stories for Nordic startups in August

The last couple of weeks have turned what would have been one of the worst months for investment in the Nordics for some time into one of the most respectable of 2016.

With 52 investments August witnessed the third highest amount of investment so far this year.


Danish Samlino has raised $22.5 million for their comparison platform, including from Peter Thiel

Danish AI media platform Blackwood Seven raises 13.5 million euros for US expansion

Danish AirHelp raises $12 million to deal with airline customer service for you

Icelandic Meniga announces €7.3m investment led by Velocity Capital and Frumtak Ventures

Swedish Lendify have raised 74MSEK more

Swedish digital health startup KRY raises €6.1 million for its video doctor consultations

Swedish Acconeer raises 60MSEK

Icelandic Mint Solutions raises a 5 million euros Series B

Finnish Zervant raises $4.4 million led by Northzone

Finnish Health startup Brainshake raises $4 million

Danish FinTech startup Coinify raises a $4 million Series A from SEB Venture Capital

Icelandic Greenqloud raises $4 million from investor Kelly Ireland

Norwegian Arundo has raised a further 40MNOK

Swedisgh e-commerce startup Babyshop raised 33MSEK more

Swedish bloodtest startup Werlabs has raised 32MSEK

Swedish Orbital Systems took a 32MSEK convertible note back in spring

Finnish Futureplay Games has raised a further $2.5 million

Finnish Spectral Engines closes 1.6 million euros funding from investors

Aevy have raised 16MSEK from Northzone in total

Norwegian Konsus have raised $1.5 million from backers including Sam Altman

Newly established Swedish VR studio Svrvive raises SEK 15 million

Swedish Auddly have taken a SEK 15 million convertible note from existing investors

Swedish 3D printing startup Aim Sweden raises 15MSEK

Swedish Mobile VR startup Manomotion raises 14MSEK

Finnish DB Pro has raised 1.35 million euros from Straightforward Capital

InsurTech startup Enerfy raises $1.2 million from a Swedish car dealer

Swedish FinTech startup Limina has raised 10MSEK

Swedish Greta have raised a further 9.4MSEK, led by Blue Yard Capital

Swedish Fitness Collection gets a further $840,000 in capital

Danish has raised 8MDKK ($1.2M)

Swedish VR position tracking startup Univrses raise a further $700,000 from existing investors

Swedish eSports startup Ninjas in Pyjamas recently took in $590,000

Swedish Legal startup Avtal24 has taken in a further 5MSEK from existing investors

Finnish Motorious Entertainment has closed a 500,000 euro seed investment

Norwegian Socius has closed a $415,000 seed round

Swedish Smart electricity meter Eliq gets 4 million SEK from CBC Investment Group

Swedish Health startup Doctrin has raised 3MSEK

Swedish Sports Competence have raised 3MSEK

Swedish Shipping marketplace Budguiden raises 2.4MSEK

Swedish Content Central has raised 1.7MSEK from 500 Startups

Swedish mobile accounting software startup Wrebit raises $235,000 in seed funding

Swedish Tummy Labs raised 0.5MSEK for their health app

Danish have raised investment from Automattic

Icelandic Oculis Pharma raises Series A led by Brunnur Ventures and Silfurberg

Swedish Virtusize have raised an undisclosed amount to keep the runway open

Nykredit, Denmark’s largest mortgage provider invests in Danish FinTech Neobank Lunar Way

Danish eSports startup Tricked raises investment from Lars Seier

Back in Black invested in Swedish eSports startup Challenger Mode

Finnish Developer tools maker Kontena raised funding from Lifeline Ventures

Former Nordea CEO invests in Danish FinTech startup Cardlay

Danish Transport platform Wuxus has raised angel investment

Danish Reshopper attracts new investment


Danish Expres2ion Biotech went public on First North Stockholm

Finnish Kopla Games has been acquired by German flaregames

Fujitsu have acquired Norwegian Symfoni ESM

Monterro takes a majority stake in Outpost24

Unilever acquires Blueair, will help millions of people fight rising urban air pollution

Gullers Group buying agency Heron Communications

Zitcom was sold for 234MDKK earlier this year

Finnish Great Apes was acquired by Swedish HIQ

Tele 2 acquires Gothenburg-based Kombridge


Top Stories

Unity partner with Facebook team up to launch a Steam competitor

Just Eat offloads Netherlands and Belgium business to for €22.5 million

It was revealed that Swedish Toca Boca was sold for just SEK 263 million

Finland-based, one of the world’s largest torrent sites, shuts down

Danish Shipbeat has declared bankruptcy and is shutting down

Slush a running a direct flight between SFO and HEL for this years event

Copenhagen Tech Fest is happening for the first time this September

Ex-Angry Birds CEO to head Nokia Phones relaunch

Truecaller is now reportedly cash flow positive

Grassroots organisation Malmö Startups have appointed two co-heads to take it forward

500 Startups are looking for someone to head up their efforts in the Nordics

Rovio earned €76.4 million in the first half of 2016, before the Angry Birds movie income hits the books

Helsinki Uber drivers now face criminal charges when caught

Spiri is an ambitious green on-demand car pooling service

New Helsinki tech startup hub Maria 0-1 opens

The Founder of Planeto has bought it back from Bonnier

Plain Vanilla to wind down as TV show is cancelled

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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