Investments, Exits and Top Stories for Nordic Startups from November

With Slush taking place in the last days of the month, we can always rely on November to provide us with announcements galore, and this year was no different. It can be hard to keep up with all that happened when Slush is taking place, but luckily we’ve curated all of the investments, exits and top stories announced last month.




Pixelz raises $7 million for outsourced photography post-production

Aerial & Maritime secures additional investment of $5M

Blockchain startup Hiveonline has raised 6MDKK

Airtame raised a further 5MDKK

Shape Robotics closes a DKK 5M investment round, looks for international expansion

TwinBody has raised 4MDKK

KUBO Robotics raised 3.3MDKK

BotXO has raised 2.5MDKK for their customer service chatbot

KiteX adds pre-seed investors to bring its drone wind energy prototype to market

Robotics company Blue Workforce has announced investment

Artland is a social art market startup with undisclosed angel funding


VR startup Varjo raises $6.7 million in public money, announces several new partners

Marketing analytics startup Supermetrics raises €3.5 million

Restaurant discovery platform EatAndTheCity raises €3.3 million

Bon Games raises $1.4 million in seed funding to launch first game

3DBear raises over €1 million in seed funding

VibeCatch raises €600k from Superhero Capital and Tekes

Revieve raised 570,000 euros earlier this year

EdTech startup TinyApp raises 160,000 euros

Price&Cost has raised investment from Icebreaker


Authenteq raises $1.3m seed round co-led by Initial Capital and Draper Associates

Inspirally raises undisclosed angel round


Energy startup Tibber has raised 15MNOK

IncludeOS has raised 5MNOK

FinTech startup Perx has raised 5MNOK

FinTech startup Fixrate has raised 3MNOK

Graphiq has raised 2.9MNOK

FinTech startup Vipicash raised 2.2MNOK

Playpulse won and raised from AngelChallenge Trondheim

Fronteer Solutions has taken in investment


Femtech app Natural Cycles raises $30 million

G:Loot wants to become ‘Spotify for e-sports’, raised 100MSEK in total

Kaching adds SEK 40M in investment

Glue has raised another 35MSEK

Energy startup Eliq raises €3 million from angel investors

DPOrganizer raises €3 million to help companies stay compliant with regulations

Paydrive has raised 30MSEK

Coala Life raises a further 20MSEK

FinTech startup Sparlan raises 20MSEK

Minut who recently raised from and Nordic Makers (20MSEK) also hit their fundraising target in hours

Opti has raised 20MSEK more

Telness has raised 14MSEK

Real Estate startup Mimove has raised 11MSEK

Oneflow has raised 10MNOK

Steven received SEK 9M for making a digital group payments application a business

Lavapotion has raised $830K from Coffee Stain

Hygglo has raised 7.5MSEK from Norrksen and Schibsted

Robo-advisor Waizer raises 7.5MSEK

Shim has raised 7MSEK in total so far

Wematter closes SEK 6.2M in investment, scales up its 3D printing business

Sniph has raised $600,000

Travel marketplace Triple raises $500,000 from former Spotify execs

Used By has raised 4.5MSEK

Nordea sets up FinTech fund; invests in 4.5MSEK in Betalo

Hoofstep grabs SEK 4M to further build a mobile app for horse owners

Pacemaker has raised a further 4MSEK from a couple of British investors

Yaytrade has raised 4MSEK so far

Health and Wellness startup Tummy Labs has raised 3MSEK

Twiik has raised 2MSEK from existing investors and PJ & PL Invest

Deversify raised 1.5MSEK last month

Welcome has raised another 1MSEK, totalling 5MSEK

EQT has invested in Epidemic Sound

Digital beauty startup Dashl has raised investment

Regily raised money from Wellstreet

Stefan Holm invests in BriXtar




Dynastrom was recently acquired by Silicon Valley company Roku

Nordisk Film has acquired 40% of gaming company Multiverse

NPinvestor has been listed on the First North Growth Exchange


NetApp paid $51m in cash for Greenqloud

TotalHost and Travelade have merged and will rebrand under the latter


Vetzoo has been acquired

Tacton System has been majority acquired

AR startup Bublar went public on First North

Media management firm Vidispine acquired by Germany’s Arvato

Playad has acquired Flow Motion

Spotify has acquired Soundtrap

Experiment 101 has been acquired by THQ Nordic

Taskrunner buys up competitor Hinnerdu

VisueCare has been acquired by Tieto

Animail has been acquired by Musti Group

Kuuhubb to acquire Neybers an interior design game

Orkla buys two Swedish ecommerce websites for $43M, strengthens its digital commerce operations

AWS acquired technology from bankrupt Goo Technologies

Itiviti wants to merge with Ullink, in a $650M deal backed by Nordic Capital


Top Stories

The Nordic Web launches an Angel fund to find the region’s under-the-radar startups

Trustly has handled 100 billion kronor in payments since its inception

How a nerdy Swedish database startup with $80m in funding cracked the Paradise Papers

Nokia Growth Partners has rebranded as NGP Capital

Øresund Fintech – a new finance and tech accelerator in Helsingborg

Spotify will generate almost ‘$5 billion’ revenues this year – but it’s reportedly considering to postpone a public listing

Nordic Alpha Partners closes a DKK 873M venture fund looking to invest growth money in industrial business models

MTG announces a $30M fund seeking to invest in gaming startups and complement its M&A strategy

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