Investments, Exits and Top Stories for Nordic Startups from March

With the first quarter of the year now behind us, it’s time for us to curate the main happenings from March before we turn our attentions to reflecting on Q1 as a whole.




Orderyoyo has raised a further 40MDKK

Siren raises $3.4 million for smart socks that track diabetic health

Create it REAL has raised 10MDKK

Artland has raised $1 million has raised 5MDKK

The startup tackling stress, Resilio has raised a little under 5MDKK

AgTech startup FieldSensem has taken in 3MDKK

Coderstrust has raised 2.7MDKK

Labfresh raised 1.5MDKK for the world’s most advanced t-shirts

Chabber has taken in 1MDKK+ more

Chef Made adds 1MDKK from Kick Ass Capital

Statum has raised 1MDKK

Video startup Klipworks has raised angel investment


Midaxo raises €12.9 million in Series B funding to accelerate product development and expansion

Solar Foods has received two million euros in startup funding

Valohai receives $1.8M in funding to help industries accelerate progress in machine learning

3DBear hits USD 1.5 million in funding

ContractZen has raised over 1MEUR to date

Disior Bonelogic has raised 600,000EUR

Sumpli has raised from and Wave Ventures


Icelandic founded, Berlin-based Klang Games raise $5m investment


Kahoot! has raised a further 130MNOK

RiveriGaming recently raised 15MNOK and is now doing a 110MNOK listing

EdTech startup Hold launches in the UK following £800,000 raise

CarePacks has raised 6MNOK for their healthy snacks

Geddit took in 6MNOK last month

Sharebox has raised 5MNOK

BizBot has raised 4.4MNOK

CarePacks has raised 6MNOK for their healthy snacks

SafetyWing has raised investment from Y Combinator and The Nordic Web Ventures

KAMA has raised angel money


Fishbrain reels in $13.5 million for its fishing social network

Flexion Mobile has taken in 80MSEK

Nextory raises another 51MSEK

Detectify raises 5MEUR for its crowdsourced website vulnerability scanner

Online pharmacy Meds has taken in 44MSEK

Visiba Care raises $3.9M and opens offices in Norway and the UK

FinTech, Brazil-focused startup, Finanzero has raised 30MSEK more

3D startup Quixel has raised 25MSEK

Investment company FrontOffice took in 18MSEK

Spiltan has invested 16MSEK (largely secondary) into Forza Football

Email startup Halon takes in 15MSEK 

Brocc added SEK 11M in media equity from Aggregate Media

Braive has taken in 10MSEK

Project Cosimo raised SEK 3M to launch its SAAS AI-based solutions for optimising back end processes

Beleco raised 2MSEK and launched Beleco Marketplace

Kinexit secures SEK 2M in funding for a subscription app for sports training

Newsvoice raises SEK 2M in capital provided by Almi and angel investors

Gaming startup Neat Corp has taken in 1.5MSEK

Health and Wellness startup Wellbefy has taken in 1.1MSEK in angel investment

Checkproof has raised investment from Mohammed al-Amoudi Midroc

CRM Lime has taken in investment ahead of an upcoming IPO




Agillic will be listing on NASDAQ First North Copenhagen


Valka raises capital, NSA Ventures and Frumtak exit the company


Elskling a comparison site for electricity contracts is acquired by Zmarta Group

Bygghemma is going public

Fintech company Trustly acquired by Nordic Capital


Top Stories

Spotify will go public on April 3rd

Ventech raises initial €140 million for new VC fund, targeting €200 million this year with a focus on the Nordics

TwentyThree raised a $2.5 million credit facility to support its rapid growth

Slush Chairman IIkka Kivimaki launches a new 70MEUR fund:

Amazon could be readying for a Nordic launch in ‘Q2’, according to e-commerce insiders

Seaborg Technologies has taken in 11.5MDKK in EU funding

Idékapital is a new 522MNOK fund

Private equity firm eEquity is to raise 1.5BSEK

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