Investments, Exits and Top Stories for Nordic Startups from September

After a slow Nordic summer, it was up to September to save Q3 from being a disappointing quarter for investments. Catch up on last month’s investments, exits and top stories:




Trustpilot has raised $20 million from Silicon Valley Bank

VR simulation builder Labster raises $10 million in Series A

Nordsense raised 13MDKK

EdTech startup Skidos raised 4.75MDKK back in the summer

Accordium has raised 3.5MDKK

Food startup Homemate raised 2MDKK

Lenasct has raised an undisclosed amount

Plantjammer hacks the perfect meal using AI, raised an undisclosed amount


Alibaba is leading a $27M investment in open source database startup MariaDB

Adtech firm raises $20 million from Highland Europe

Waste startup Enevo has raised 10MEUR

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

The Curious AI Company has just raised $3.67 million in funding

Hyperspectral imaging company Specim receives €3.5 million investment

LNGTainer ready for production of new Finnish-developed gas transportation technology with 3MEuros in funding

Tespack raises €2 million for its mobile energy products

Valossa raises $2 million for its video recognition tech

Meetingpackage raises 1.2MEUR, looks for accelerated growth of its booking solutions

Panzerdog raises $950,000 from Mail.Ru to launch mobile shooter Tacticool

Keiku receives 0.7M euros to bring audio back to everyday media content

Comptek Solutions raises €450.000 to disrupt the semiconductor industry

Gary Vaynerchuk makes undisclosed investment in Finland’s ArcticStartup


QuizUp founders’ new company Teatime raises $1.6m seed led by Index Ventures


Catalystone has raised at least 40MSEK

Chooose won the 100 Pitches competition and investment from DNB and Katapult


iZettle has been given €30 million from the European Investment Bank

Podcast platform Acast raises $19.5 million to go global

Oxx leads $12 million funding round in Apica

ABB teams up with Northvolt and invests $11.8 million

SaaS startup secures $10 million to help more marketers to automate their online marketing data

Inriver has raised 100MSEK from the European Investment Bank

Glo has taken in a further 65MSEK

Aifloo raises €5.1 million; accelerates development of AI-based e-health system

Dogbuddy has taken in a further 50MSEK

Starcounter raises a further 35MSEK

Future Order has raised 22MSEK

Social robotics company Furhat Robotics raises $2.5 million

Doctrin has raised a further 23MSEK

VR game studio Fast Travel raises $2.1 million

FinTech startup Capcito has raised 20MSEK more

Starcounter receives 20MSEK from EU funds

GetAccept raises $1.6M to help companies close sales leads faster

Kitab Sawti has raised 11.5MSEK

DigiExam has taken in 10MSEK (some was secondary) and changed CEO

Mortgage startup Hypoteket has raised 10MSEK

Music streaming startup Melobee has raised 9MSEK

Getcompliant has raised 8MSEK

Foodflow has raised 8MSEK

Customer experience marketing tool Referanza raises $800K

SweGaN has raised 6MSEK

AI Health and Wellness startup Lytics raises 5MSEK

Medtech company Presscise takes 4.8MSEK

IGDB (IMDB for games) has raised 4.5MSEK

Triple has raised 4.5MSEK

Signal Signal “Google for audio” has raised 4.3MSEK

Stoer has raised 4MSEK

Still raises another 4MSEK

Actimate raises 3.8MSEK

Fashion startup Elly Pistol has raised 3MSEK

Appliedgroup Nordic has raised 3MSEK

Tölve has raised 2.6MSEK for their “sales assistant”

Trilo Interactive receives 2MSEK in venture capital for its quiz apps

Designtech company Beleco has raised 1.6MSEK

The Great Wild are about to close a round between 5-7MSEK

Aron Andersson has invested in Handiscover

Brandbassador has raised an undisclosed amount




Gotipster has been acquired by Frokostfirmaet

Plenti was acquired by TDC Group for 74MDKK


Meontrust was acquired

Healthcare marketplace Lääkärihinta acquired by subsidiary of The Orange Company

Angry Birds maker Rovio prices IPO for $1 billion valuation


Skynjun was acquired by Storytel for 200,000 euros

Klappir Green Solutions listed on Nasdaq First North


Nordic Capital is acquiring 70% of Mfex

Bublar is going public

Hansoft was acquired by U.S-based Perforce Software

Digilär has been acquired by Natur and Kultur

Fotonic acquired by Autoliv

eSports: Battleriff merges with Red Reserve


Top Stories

ByFounders is the new VC fund from Tommy Andersen and Eric Lagier

Al Gore to open Slush 2017

Microsoft invests in quantum mechanics at the University of Copenhagen

Student-run VC firm Wave Ventures expands into Sweden, adds high-profile advisors

Headean Ventures is a 900MNOK fund to invest in Norwegian and Nordic health technology and life science

Nordic countries launch Nordic Innovation House – New York

Finland is planning to introduce a new type of residence permit for startups

DNB have opened a venture arm with 250MNOK to invest

Spotify is now valued at $16 billion — and it could be worth a lot more when it goes public

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