Investments, exits and top stories for Nordic startups in July

The majority of people in the Nordics may well be on their holidays but even in the off-season they managed to provide us with a brand-spanking-new unicorn, three other $10 million+ funding rounds as well as eleven exits. Not bad for the holiday season, not bad at all…


Danish Unity raises $181 million monster round at a reported $1.5 billion valuation

Finnish mobile data operator Ukkoverkot has raised $10.2 million

Swedish Universal Avenue raises $10 million and plans US expansion

Health startup Lifesum raises $10 million round led by Nokia Growth Partners

Norwegian-Swiss Skioo have raised $6.7 million

Swedish Automile raises a 55MSEK Series B from Niklas Zennstrom, Sam Nurmi, Justin Kan and Jason Lemkin

Swedish Snowprint Studios has raised 50MSEK

Swedish E-commerce platform NA-KD have taken in a further 35MSEK

Swedish smart energy startup Watty have raised $3.33 million

Swedish Sequra have raised around 3M EUR to date, to be the Klarna of Spain

Swedish Strafe, a news service for eSports has raised $1.53 million

Icelandic Data Dwell secures $1.2 million in funding

Swedish Minalyze have raised $1.18 million

Swedish eSports streaming service Znipe have raised $1.17 million

Finnish location device developer Yepzon raises around $1.1 million

Swedish WiFi-sharing community Instabridge secures $1 million from Draper Associates

Finnish-Ukrainian startup Madberry secures $1 million from SMRK and Viewster

Norwegian Edtech Foundry raise $1 million for their AI solution

Swedish app platform Appspotr have taken in 10MSEK from existing investors

Swedish Scrive have raised $817,000 from Klarna’s CEO

Swedish Edtech startup Schoolido raised 8MSEK

Finnish Tellybean has closed the second part of a $719,000 seed round

Swedish Lifestyle brand Wacay have raised 7MSEK from Well Street

Swedish FinTech startup Toborrow have raised again, this time an extra 6.5MSEK

Danish Newsio have raised an additional $669,000 from SEED Capital

Finland’s PromoRepublic raises $445,000, looks to the US next

Icelandic pharmaceutical company 3Z raises $400,000 seed round

Swedish Shortcut Labs have raised 3.8MSEK

Norwegian Iris AI have raised $350,000

Finland’s Videoly raises $333,000

FinTech startup Mymonii gets new investment for their banking solution aimed at young people, now raised 3MDKK total

Norwegian No Isolation has raised $294,000 from PR agency Trigger

Finnish sales app Liid has raised $276,000

Swedish Aquro raised 2.5MSEK

Norwegian FinTech app Spiff have raised an additional $153,000

Norwegian Mobile Software raised 700,000NOK from Innovation Norway and 250,000NOK from a private investor

Danish eSports startup Emvevi have received 330,000DKK from the Innovationsfonden

Danish receives an undisclosed amount from private investors

Danish EdTech startup CanopyLAB have raised an undisclosed seed investment

Sam Nurmi invested in Zoomability (Swedish)

Schibsted have invested in Swedish Bolånegruppen

Troubled Swedish wearable camera startup Narrative scores funding, touts high product demand

Danish Donkey Republic have received funding from Vaekstfonden and Howzat

Danish sharing economy startup Cleady have raised an undisclosed investment

Danish Son of a Tailor have raised investment from angel Morten Strunge

Swedish Neybers have raised new capital

Swedish Optimizer Invest have invested in fashion startup Frontmen

Slack has invested in Norwegian Konsus


PSA Group acquires a majority stake in Danish Autobutler

Danish GameAnalytics were acquired by China’s Mobvista

Norwegian Sysco sells 60 percent of company Credo Partners

Bauer Media Group have acquired Swedish Zmarta

Swedish Flygstolen has been acquired by Dutch Otavo

Bonnier has sold Mag+ to Indian MPS

Danish CRM provider Adwiza were acquired by Norway’s Amesto Solutions

Norwegian Meawallet have been acquired by Swedish company Seamless for $4.95 million

Swedish Neonet were acquired by KCG

BMS to acquire Swedish Immuno-Oncology Biotech for €460 million

Swedish Edtech company Codarica has been sold


Top Stories

Spotify is aiming to go public in the second half of next year

Chinese consortium’s $1.24 billion bid to acquire Opera Software fails, $600 million deal agreed instead

Hemnet’s acquisition by Schibsted has been stopped

Wearable camera maker Narrative runs into financial trouble, forcing it to restructure

There’s been mass defections from Spotify’s highly-praised HR department

European Investment Bank has loaned Enevo and Mobidiag €15m each and Canatu, AW-Energy and Frosmo €12m, €10m, €8.5m respectively

TrueCaller lost €20 million in 2015

Swedish Nuday Games file bankruptcy

“In the tech world, things move fast and companies are born anywhere in the world. I’m able to have an ear to the ground with The Nordic Web – the content is fresh, local, and of high quality, which is exactly what you need as a seed investor.

In fact, it’s through Neil Murray’s newsletter that I first heard about Mapillary. Several months later, I was fortunate to lead our firm’s investment in the Company to help drive the creation of a crowdsourced visual representation of our world”

— Nathan Benaich, Playfair Capital

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