Investments, Exits and Top Stories for Nordic Startups in June

As we approach the Nordic summer shutdown, June provided us with plenty to ponder over the holidays. Here we curate last month’s investments, exits and top stories.


The Investments


eSports startup RFRSH raises €7.2 million in new funding round

GoMore raised 5MEUR and looks towards an IPO

SOUNDBOKS has raised $3 million

Spektral raises $2.8 million for development of AI-powered green screen technology

Cryptocurrency startup OpenLedger has raised $1.6 million

Worksome raised 3.5MDKK

Cleaning platform Happy Helper has raised 3.5MDKK

Digital Revisor has raised 3.5MDKK

Fooducer raises 3MDKK

Valuer has raised a round from business angels

Planday took in a strategic investment from German company METRO has raised angel investment

Pleo has taken in more investment from a group of experienced angels


BetterDoctor raises $11 million

MaaS Global has raised over 10MEUR

Minima has closed a seed investment of 5.5 million euros

Flashnode raises €2 million to begin entering new markets

Singa raises €1.75 million to digitise karaoke

360Visualizer took in 0.5 million euros

Kieku a ‘YouTube for podcasts’ has raised 300,000EUR

HelioZenit raised $112,000 of private investment (and more on Invesdor)

VR startup Varjo comes out of stealth with funding


Kolonial has raised another 150MNOK

Your.MD raises $10 million to grow AI-driven health information service and marketplace

Attensi received investment (53.5MNOK) from Viking Ventures

AgTech startup N2 Applied raised 35MNOK (21MNOK private)

BioTech company Cytovation receives 2M Euros in funding

BikeFinder has raised 6MNOK

Lifekeys won a 1MNOK investment from Angel Challenge

Harald Strømme invested in Norwegian tech blog Shifter


$30 million has recently been invested in Yubico, in combined secondary and new shares

KRY raises €20 million for its online doctor consultation platform

Headphone company Happy Plugs raises €6 million

Crowd-investing platform TRINE raises €6 million to help fund energy projects

Urb-It has raised 44MSEK in external funding ahead of their upcoming IPO

Swedish inhaler startup Iconovo fetches 2.3MEUR in funding

Lendify raises a further 21MSEK

Tiptapp has raised 20MSEK

TechBuddy has raised 20MSEK led by Inbox Capital

Innspire has raised 20MSEK

FSports has raised 20MSEK

Tracklib has so far taken in 15MSEK in external funding

Bookatreat has raised a further 10MSEK

Sportswik has raised 10MSEK

Telia has pumped an additional 10MSEK into Springworks

E-signature startup Assently has raised 10MSEK

Content Central have raised a further 8MSEK

News55 has raised 8MSEK in a rights issue before its IPO took in an additional 8MSEK

Worldfavor has raised 6M+SEK 

Formulate has raised 5MSEK

FinTech startup Primepilot has raised 5MSEK more

Virkesbörsen has raised 4.5MSEK

Transfer Galaxy has raised a further 4.5MSEK

Music startup Elias has taken in 4MSEK from existing investors

Medtech startup Mevia raise 4MSEK

Gaming startup Nuttery Entertainment raised 4MSEK

Qlocx has raised 3.5MSEK

Equilab has raised 3.5MSEK

Insurello has raised 2.4MSEK

VR startup Fastout raises 1.5MSEK

Energy startup Sally R has raised 1MSEK

Revealed: Niklas Zennström, Sebastian Knutsson and Nina and Sebastian Siemiatkowski invested in Prion in early 2016 and now Sophia Bendz has invested in Prion

Visa makes equity investment in Klarna

Avito’s founders invest in Matsmart

Doctrin has raised more investment from Add Health Media

Altas Copco has bought 34% of shares in Mobilaris

The Exits


Opbeat was acquired by U.S.-based Elastic Search

Conferize went public on First North (Strictly a funding event rather than an exit)

E-book seller Mibook has new owners


Volkswagen’s MOIA acquires Split Finland Oy

Nitro Games had a successful first day as a public company

Greitco acquires customer loyalty startup Kliento

Seasam was acquired by Swedish ZetaDisplay


ABAX has been acquired by Investcorp


Zaplox went public on First North

Starbreeze acquires VR company Enterspace for 20 MSEK

VR company Surgical Science share issue was oversubscribed significantly

Edtech startup Ping Pong has been acquired

Modern Women Media has been acquired by a competitor

The Top Stories

Are Traasdahl is setting up a new fund to invest in Norwegian startups

Danish Brightfolk has bought shares (from existing investors) in Klarna

Tencent may be about to acquire Rovio

Propel Capital has closed their 4th fund of 12.4MSEK

Klarna obtains full banking licence from Swedish authorities

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