Investments, Exits and Top Stories for Nordic Startups from February

February may well be the shortest month of the year, but there was still plenty of time for the Nordic startup scene to see 59 investments and 8 exits.

The 59 investments recorded in February is the most investments ever recorded for the third consecutive month. This dramatic rise in investments is best demonstrated by comparing last month to February 2015, where there were just 18 investments recorded.

With the global investment scene slowing down, we’re certainly yet to see any knock-on effect in the Nordic startup scene as of yet.

As always, read on for details of all of the investments, exits and big stories that took place in the Nordic startup scene in February.


Sweden’s Widespace raises $12 million, prepares for launch in the U.S

Swedish E-commerce site picked up €9 million

Sweden’s Min Doktor has raised €5.8 million ($6.5 million) from EQT Ventures

Industrifonden leads a $3.56 million round together with Northzone in Swedish FinTech startup Qapital

Sweden’s Fyndiq has raised capital from the CEO of H&M in a $3 million round

Danish Tattoodo raises $2.5 million for content and commerce tattoo lifestyle hub

Biotech startup Key Natura secures $2.4m funding

MaaS Finland to revolutionise the global transportation market with €2.2 million in funding

Denmark’s Truelinked has raised €2.1 million to revolutionise the classical musical industry

Danish POS company Shopbox raises €2 million, launches in Sweden

Swede Willem Sundblad has raised over $2 million for this soon-to-be launched stealth startup

Norwegian Medtech startup Spinchip Diagnostics raise €1.9 million from Investinor

Swedish accounting startup PE Accounting raised €1.6 million

Swedish Fintech startup Kollektiva have raised $1.42 million

Finnish GrainSense secures €1.4 Million financing for grain protein measurement

Sweden’s Wonder Technology Solutions has raised $1.4 million through a new crowdfunding platform

Finland’s ThingLink raises $1.3 million and launches new VR editor

Swedish XMReality gets €1.2 million

Norwegian Solar-panel startup Octovo have raised $811,000

Swedish Gold Town Games raised a $700,000 seed round

Sweden’s Dreams have raised €530,000 from various business angels

Swedish Aidbox receives more than €530,000 to build a secret advertising solution

Finnish lead generation tool Leadfeeder raises €530,000 from Superhero Capital and Vendep

Norway’s Spiff unveils first savings service for women after raising $500,000 in 2015

Denmark’s Motosumo have raised $500,000 from Seed Capital for their sport sensor

Swedish HappyBooking take in $475,000 from Almi Invest

Sweden’s Divvit raised €421,000

Swedish Shopjoy has raised $392,000 from a number of business angels

Icelandic Florealis raises $380,000 in second seed financing

Wasabi Iceland announces $380,000 seed financing round

Sweden’s Fitness Collection take in $356,000 for their flexible gym membership solution

Sweden’s Winningtemp takes in $355,000

Swedish Sports betting app Betolio raises $355,000

Danish Health and Wellness startup Cope It raised €330,000

Swedish Bringfeldt Innovation raised $300,000 from Almi Invest

Sweden’s sales startup Bidrik raises $292,000

Swedish Magnea raise a $241,000 angel round

Mynewsdesk-founder invests €160,000 in Sweden’s Musqot

Sweden’s Mediatool have raised a $119,000 angel round

Packbud raises another €100,000 to bring their total funding to €300,000

Finnish Augmented Reality startup Immersal has raised €100,000 round from Presence Capital

Swedish energy app Watty raises angel investment

Denmark’s Qampo picked up funding from mentor and business angel Moonis Kamil

Sweden’s Pickador raised a round from Chalmers Ventures

Swedish Moodelizer receive an angel investment

Finnish Liquidblox have raised angel funding for their HTML5 magazine creator

Danish SOUNDBOKS, the rovider of the first designated outdoor LOUD-speaker just raised an undisclose ee round

Finnish Wolt have been backed by Swedish EQT Ventures

Danish Smartphone makers ID2ME recently closed an undisclosed seed round from a Danish business angel

Norwegian No Isolation receives an angel investment from Martin Hauge as he joins as Chairman

Norway’s Vio Media raise angel investment

Denmark’s Orderyoyo is set to challenge Just-Eat after raising money from Seed Capital

Finnish Data startup Underhood raises an undisclosed amount from Asiakastieto

Swedish Dog Buddy have raised an undisclosed amount from Sweet Capital

Swedish Newsrep have raised an angel investment

Danish Fishtrip have raised more angel money

Sweden’s Light Flex Technology have raised an undisclosed amount

Ivan Sandqvist invests in Danish Capdesk

Sweden’s Pangara has raised investment


Group of Chinese Internet firms to acquire Opera Software for $1.2 billion

Telenor acquire marketing technology firm Tapad for $360 million

Men’s personal shopper startup Modomoto acquires Danish/Dutch The Cloakroom

Polaris Private Equity acquired 65% of the shares in fast-growing Danish software company Configit

Finland’s Segway has been acquired by Chinese company O-film Technology

Danish Atosho has been acquired by content marketing company Pretty Social Media

The public listing of Sweden’s Catena Media was a successful one

News Corp acquires majority stake in Swedish-founded digital real estate business DIAKRIT

Top Stories

Creandum raised a new $200 million fund, here’s where it will be spent

Klarna seeks to become a dray-horse bank

Jolla confirms the Sailfish tablet is dead

Supercell launches fourth title globally in March

Gelato Group hires CFO from EWOS and CCO from Klarna

The Swedish government hires a ‘Head of Startups’

Lifeline Ventures announces a new €60 million fund for pre-seed investments

Iceland’s Sling lands a multi-million deal in the U.S

500 Nordics had its first demo day, with the 1st batch of companies ‘graduating’

Bitcoin/Fintech startup KnCMiner are letting 1/5th of their staff go as they downsize

Nokia Growth Fund launches $350M fund focused on IoT

CCP’s EVE: Gunjack bundled with Samsung Gear VR as it becomes the best-selling VR game of all time

Fundedbyme are set to bring in millions, now it’s getting ready for IPO

Klarna reveals 27% revenue growth year on year as they shift focus to the U.S

TPG in talks to invest $500 million in Spotify in a convertible debt round that could rise to $1 billion

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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