Investments, Exits and Top Stories for Nordic Startups in July

After an unusually fast start to the month, eventually the Nordic summer took a stranglehold on July as funding announcements and exits began to dry up in the last couple of weeks. Still, there is plenty to catch up on, especially if you’ve been on holiday yourself, so here are all of July’s investments, exits and top stories.




Tonssor raised a further €2.5 million

LuggageHero has raised 2.5MDKK

Fashion startup The 2nd Edit has raised 2MDKK

Insurtech startup Gobundl raised 1MDKK and is looking for 5MDKK more

Vitamin startup Take Daily has raised 1MDKK from Capnova

Ulobby a SaaS platform for lobbying raised investment from Capnova

CathVision has taken in a double-digit investment

Legal Desk adds Niels-Ulrik Mousten as an investor in the company

Son of a Tailor have received additional investment

Robotics startup Intelligent Marking has raised an undisclosed amount

NAPP has raised an undisclosed amount of capital

Fetch is a delivery service that appears to have raised funding from several undisclosed investors


Creathor Venture invests in AI-enabled clinical genetic testing company Blueprint Genetics (14MEUR round)

PromoRepublic raises $1.2 million for AI which creates social media for small businesses

The Meal Planner gets €700k in fresh funding

Camment secures 650,000 EUR financing round led by Jari Ovaskainen


Kahoot! have closed a further $10 million bringing their Series A to $20 million

Otovo closes € 6million funding round

AIMS Innovation has raised $2.5 million

Megacool raises $1.5 million to solve user acquisition with GIFs

Hudya raises NOK 14M, aims for IPO

VR startup Dimension10 has raised 4.5MNOK

EdTech startup Alphabet King has raised 4.3MNOK (in soft funding)

Truegroups raised 2MNOK

Energy startup Shoreline raised 1.7MNOK

VR startup Vizda has raised 1MNOK in private investment

Alliance Ventures invested 0.5MNOK into Scrimba


Sol Voltaics has closed a funding round of $21.3 million

FinTech startup Bynk has raised a further 59MSEK

Health imaging startup Trice has raised a further 33MSEK

Food waste saving startup Karma raises at least €3 million

Automated accounting company Bokio raises €3.1m in seed led by Creandum

Nordea has pumped a further 30MSEK into Wrapp

Influencer startup Starflow has raised 20MSEK

DJ app Pacemaker raises $1 million

E-commerce startup Divvit raises 11MSEK

Tinitell are participating in Amazon’s Alexa Accelerator and have raised 9MSEK more

Fashion startup Aeryne has raised 9MSEK 

Smartster has raised 6.3MSEK

Payment startup Stidner has raised 6MSEK 

Energy startup Enjay has raised 3.1MSEK

Deeds has raised 2.3MSEK 

Taskrunner has raised 2MSEK

Well Street has invested in 2 health startups

Peter Carlsson has invested in E-bility

Front Office has purchased a minority stake in Stockaboo




ECOonline has a new majority owner in Total Equity


Bambora was acquired for $1.7 Billion

Urb-It listed on First North

Danish acquired their Swedish competitor last month

Nobicon has been acquired by Bonnier Growth Media

eValent has a new majority owner

News55 went public, but isn’t performing that well


Top Stories

e-commerce startup Nosto received €15 million loan from the European Investment Bank

Crowberry Capital has raised $38m for its debut fund

Kahoot! to join Walt Disney Accelerator Program

Backing Minds have added a few more significant LPs

More existing shares in Klarna change hands

Fredrika Gullfot is back as CEO of Simris Alg

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