Investments, Exits and Top Stories for Nordic Startups in March

As we’ve already touched on here and here, March has been the busiest month so far this year, but don’t fret, catch up on anything you may have missed in our monthly curation.




Employee engagement platform Peakon raises €6.1 million

Hungry Group raised 30MDKK from Delivery Hero

Conferize raised 16.8MDKK

Askcody has raised tens of millions of DKK for their meeting scheduler

Mover, a “freight Uber” raised 8MDKK

Boatflex has raised 5MDKK from Seed Capital and Angels

AthGene has raised 4MDKK from Seed Capital

MonTa BioSciences raised €270,000

Passendo raises 1MDKK in Angel money

Aeroguest has raised an undisclosed amount

Online furniture retailer Biva has raised an undisclosed amount

New fitness startup Peakout has already raised money from Seed Capital and a number of angels

Alfabeto has raised money from a business angel


Small Giant Games raised 5.4 million euros

Biotech company, Faron Pharmaceuticals, raised five million pounds

Sudden have raised $3.3 million so far and now head to YC

Traplight Games has raised a further $2.7 million

Kide Systems sets sights on international growth and raises 1 million euros

Neverthink is a video app for when you really want to lean back, raised $100,000+

3D Design tool Grib closed a pre-seed round


Correlate, a “meta-cloud” solution has raised 8.6MNOK

Ably Medical have taken in 7MNOK

Snapchat competitor Gobi raises 4MNOK

Scrimba has raised 1.6MNOK from Nordic Makers and Founders Fund

Cyber-security startup Prose Securities has raised 0.5MNOK


Northvolt, the giant battery factory has already raised $13 million

FinTech startup Qapital raises $12M Series A round from Industrifonden, Northzone, Rocketship VC and Anthemis Exponential Ventures

Optolexia identifies dyslexia with AI and raises €5.2 million

Jondetech, developers of tiny heat sensors raises €5.2 million

Pickit raised a $4.6 million Series A, with Microsoft Ventures participating

Dirac raises 44MSEK to optimise sound in VR and AR environments

Pensiono has raised 30MSEK and is raising even more on Pepins

FinTech startup Dreams has raised 30MSEK

Pond Healthcare raises 20MSEK to make it cheaper to test lung capacity

Esportal has raised 15MSEK

Bumbee Labs raised 12.5MSEK

Music/Gaming startup Elias has raised 11MSEK

Clavister raised 10MSEK

CovR Security took in 10MSEK

Dporganizer has raised an undisclosed amount (10MSEK+)

HR startup Careereye raised a further 10MSEK from existing investors

FinTech startup Lånbyte raised 10MSEK from Collector Ventures

Headphone company Pugz raises 9MSEK for their wireless handsets

IIOX a cloud-based IoT platform has raised 7.2M SEK from Verdane Capital

BattleRiff raises 6.5MSEK ahead of a public listing

Media startup Njus has raised 6MSEK

Degoo, a Dropbox competitor has raised 4MSEK

Cloapp has raised 4MSEK

Worldsmarathons raised 3.7MSEK

Comordo Technologies raises 3.5MSEK for their content recommendation engine

Hygglo want to create an Airbnb for gadgets, raised 3.3MSEK

Existing investors have provided construction startup Fieldly with a further 3.2MSEK

Wehunt has taken in 3MSEK and has its sights set on expanding to Norway

Music startup Amuse raised 3MSEK

FinTech payment startup Pej raised 2.6MSEK

Health and Wellness startup Challengize has raised 2.5MSEK

Gaming company Planeto raises a further 2MSEK

Printler, a digital marketplace for photography raised 2MSEK

Health startup Blue Call has raised 1.7MSEK

Taskrunner has raised 1MSEK

Sophia Bendz has invested in Karma

WhyWaste, a FoodTech startup has raised angel funding

Bure purchased 20% of Yubico

NOA Potions, the premium Relax & Focus drink has raised investment from Aggregate Media

Appliedgroup Nordic raised an undisclosed amount

Creandum and GP Bullhound have invested in Klarna through secondary shares



Ageras sells majority stake to Investcorp and pulls in 39 MDKK in fresh capital

Online fashion retailer Mos Mosh sells majority of company to German PE firm Findos Investor has been acquired

In FinTech, iBill has been acquired by FarPay


Next Games went public

Renovation and construction marketplace Urakkamaailma now fully owned by Alma Mediapartners

SystemaStore, an IT supplier company were acquired by Tietokeskus


BerGenBio has announced an IPO on Oslo Børs

Skandiabanken acquired 39.9% of FinTech startup Quantfolio


Acosense public with a market cap of 40MSEK

Digital Agency Rebel & Bird was acquired by B3IT

Twiik acquires coaching platform Shapelink

Frontmen was acquired by Sir of Sweden

Vertu changed hands again

SEO agency Brandson was acquired back in January

Shake your deal has new owners


Top Stories

Singularity University establishes new organisation in Denmark

Tradeshift to acquire Capgemini’s IBX Business Network

Kahoot! reaches 1 billion players, 40 million MAUs

Fingersoft just launched a huge game development campus in Oulu

Rising North promises €550,000 to help Nordic startups in 2017

Three Nordic startups just merged to make Airbnb renting completely hassle free

Zenith is continuing to invest in Truecaller as they add payments and Google Duo video calls in move to rival WhatsApp in India

Uber has been shut down in Denmark

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