Investments, Exits and Top Stories for Nordic Startups from October

The first month of the final quarter of the year was a busy one in the Nordic tech scene, particularly on the exit front. But don’t fret, we’ve curated the investments, exits and top stories from October in one handy curation.




FinTech startup ViaBill raised 300MDKK

Lix raised $5.4 million to create a ‘Spotify for textbooks’

Capdesk has raised 1MEUR

Pento has raised 4MDKK from Seed Capital and business angels

Airhelp has raised more capital, this time from NordicEye

IntroDus has raised an angel investment round

Resilio has raised investment

Upodi has raised investment from Seed Capital

Finance 247 has raised angel investment


MariaDB completes Series C funding led by Alibaba Group, finishing with $54M

HappyOrNot raises $14.5 million for its smiley face feedback data

Varjo has raised a $8.2 million Series A led by EQT Ventures

Legal tech startup TrademarkNow raises €3 million in new funding

SPOT-A-SHOP has raised 1MEUROS

Blok has taken in more investment

Cleantech company Betulium raised investment from Bang & Bonsomer Group

OGOship has raised investment from a group of angels


Bizbot has raised 2MNOK

Shoreline secures investment from Blue Bear Capital, Alliance Venture, and Investinor


Recorded Future raised $25M to Expand Dark Web Intel Service

Automile has raised $34 million to fire up global expansion

Nordea joins EUR14 million funding round in PFM startup Tink

BB teams up with Northvolt and invests $11.8 million

Real estate tech startup Adfenix raises $6 million

FinTech startup Gimi has raised more investment 29MSEK

FinTech startup Froda has raised 20MSEK

Publit has raised 18MSEK

Blockchain startup Norbloc raises $1.6 million in seed funding

Billhop has raised 15MSEK more

Instabox has raised a further 15MSEK

Crosser Technologies has raised 1.4MEUR

Most has raised a further 13MSEK

Indentive has raised 12MSEK from Aggregate Media with more to come before a listing

Match2One has previously raised 12MSEK and now raising 20MSEK more

FinTech startup Savelend has raised 11MSEK

Yepstr has raised a further 10MSEK 

Billogram has raised 10MSEK

“Fenix ​​Funeral” has raised another 10-15MSEK

ReVibe Energy raises 7.5 MSEK to power the Industrial IoT

Electric moped startup Bzzt doubles its fleet in Stockholm and raises 7 MSEK

Price comparison site Comprado has raised 7MSEK

Ahum has raised 6.8MSEK including from Schibsted

Oneflow has raised 6MSEK

TLight has raised 5MSEK

NCP Olfactives has raised 4MSEK

Videquus has raised 3.5MSEK

Vessla has raised 2.5MSEK

Wopify from Västerås has raised 1MSEK

Bofink has raised a new round of capital

IoT startup Ekkono has raised investment from Walerud Ventures

FindOut Diagnostic and Nurse & Doc have both taken in investment from Add Health Media

Elobina has raised investment from Tiotio Invest

Fieldly has raised more capital from 4 business angels

Swiftr also raised money from Wellstreet and from Bonnier

Wetail raises money for a SAAS ecommerce solution for small businesses




Investors have bought out the team behind Praice and now own 100%


Visma acquires Admincontrol


Lundalogik acquires competitor Net Options has been acquired by Investoo

e-identity has been acquired by Visma

Lundalogik acquires Netoptions

Fram has gone public on First North

Qiiwi Interactive also went public

FEO Media has been acquired by Mag Interactive

Vitvaruexperten has been acquired by Bygghemma

WeAreQiiwi Interactive went public

Esen Esports went public with a valuation at a little over 50MSEK

Bankrupt Garantibil was acquired by Volvo

Safello is said to be acquiring Cryex


Top Stories

Huddly has signed a partnership with Google

Assa Abloy acquires smart lock maker August Home

82: Invest is a new VC fund

Swedish Tesla-veteran has decided where the world’s “greenest” battery factory will be built

Sunstone raises up to €160 million for its two new funds

Reidar Wasenius appointed New Managing Director of FiBAN

CCP shuts down VR projects, lays off 100 people

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