Investments, exits and top stories for Nordic startups in October

The first month of the final quarter of the year brought us plenty to chew on, with October being one of the most active months of the year, not just for investments, but also for moments that could prove to be significant to the future of the Nordic ecosystem.

Catch up on all the major happenings below:


Norwegian Online delivery supermarket has raised 150MNOK ($18.2M) at a 1.1BNOK ($133M) valuation

Finnish KNL Networks secures $10 million for its “internet anywhere” communications

Swedish Soundtrap raises $6 million and reaches 1 million users

Swedish Crunchfish take in 65MSEK ahead of their IPO next month

Swedish Textiles startup Coloreel has taken in 60MSEK (52MSEK in private capital)

Swedish Newstag has raised 30MSEK so far to take on Buzzfeed et al

Swedish Bioservo has taken in 22MSEK

Swedish delivery service Urb-IT raises a further 21MSEK

Swedish E-book company Nextory gets 20MSEK more from Industrifonden and Aggregate Media

Finnish Brainshake raises a further 2 million euros

Swedish Connected car startup Springworks has raised a convertible loan of 18.7MSEK

Finnish Minima raises €1.6 million for the computing power revolution

Swedish Medtech startup iCellate raised 15MSEK

Norwegian MESH has raised 15MNOK to assist with expansion and digitalisation

Danish BioModics has raised 15MDKK from Innovationsfonden

Swedish Funera takes in another 15MSEK

Apprl takes in 12MSEK to channel fans of online retailers

Swedish Optelexia, using AI to detect dyslexia in children has raised 10MSEK

Swedish Edtech startup Albert has raised 10MSEK for their AI homework helper from Schibsted and others

Danish Adtech startup AllUnite has raised $1million

Finnish Koukoi Games raises $1million from IPR.VC and Tekes to develop licensed IP mobile games

Swedish FinTech startup Belato has taken in a further 10MSEK

Swedish Robotics startup Unibap takes in 10MSEK

Swedish Kitchen Time has raised 10MSEK

Danish Video recruiting startup Joblicate has taken in 10MDKK so far

Swedish Publit has raised 9MSEK more

Swedish Tinitell has taken in a further 9MSEK

Swedish Stayble Therapeutics has raised 9MSEK

Swedish VR startup Univrses raises 8MSEK more, months after raising 5.7MSEK

Norwegian Minipro raises 7.5MNOK as the fish food startup continues to attract the interest of Norwegian investors

Swedish, a food price comparison site has raised 7.5MSEK

Norwegian-Swedish startup Tibber has raised 7MSEK

Swedish Storage startup Big Easy raises 7MSEK

Norwegian Skiwo raises 7MNOK

Swedish Shortcut Labs has taken in a further 5.4MSEK

H&M are investing a further 5MSEK into Swedish Ivyrevel

Swedish iGOTCHA has raised 5MSEK for their Pokemon Go competitor

Swedish Treamer has raised 500,000EUR for their mobile-first job marketplace

Swedish Learning to Sleep has raised 4MSEK

Swedish Tech Troopers has raised 3.1MSEK for International expansion

Swedish Idea Hunt has raised 3MSEK and is aiming to be profitable within 15 months

Norwegian EnergyNest has raised 2.5MNOK and launched a crowdfunding campaign to raise a further 5-15MNOK

Swedish Productivity tool Qlutter launches, announces a 2.5MSEK investment

Swedish Shipwallet has raised 248,000EUR

Norwegian Smart Plants won Angel Challenge and 2.3MNOK

Norwegian Influencer marketplace Inzpire has raised 1.8MNOK, now off to Silicon Valley

Menstruation app Tombox has raised 1MSEK

Sweden’s Janjoo’s emergency news service takes in 0.6MSEK

Swedish has receieved 25,000EUR from Almi Invest

Danish Relink has raised investment from Seed Capital

Norwegian Document collaboration startup Xait raises from Viking Venture

Norwegian Idletechs, a big data startup from Trondheim has raised an undisclosed amount

Danish 3D printing startup AddiFab has raised an undisclosed amount

Finnish Gaming startup Snowfall has raised an undisclosed (seven figure) round

Swedish Bluecall, a mental health startup has raised money from STING’s new fund

Danish On Robot has taken in further investment

Intel has invested in Finnish hardware startup Eve-Tech

Global Risk Technologies invests in Danish online security startup Veridu

Danish Diabetes app Hedia has received a discovery loan from Seed Capital

Norwegian Kezzler has raised an undisclosed amount

Danish Dogley is “Airbnb for dogs”, taken in angel money

Exits and Acquisitions

In Denmark, Cykelgear buys the assets of bankrupt competitor,

The founder of Swedish Relenda has bought it back from Schibsted

Norwegian Robotics startup Id mngmnt has been acquired by Swedish Xlent

Norwegian FSN buys 88% of Swedish retail chain Bygghemma

In Norway, ExproSoft announces acquisition of Miriam

Swedish Digital commerce agency Aponsa has been acquired by Finnish Solteq for 1.13M euro

Swedish Netrelations has been acquired by Norwegian Evry

Finnish Heeros went public, becoming the first crowdfunded Finnish company to do so

Swedish Frisq went public on First North

Top Stories

Uniti’s electric car could be Sweden’s biggest crowdfunding project ever – it raised $580,000 in the first two days

Facebook is building a new data centre on Fyn, Denmark

Danske Bank and SUP46 launch The Hub

Nordic Council launched Rising North – a 1.5 million euros fund to support the internationalisation of the Nordic startup ecosystem

Daniel Ek replaces co-founder Martin Lorentzon to become both Chairman and CEO of Spotify – which means Spotify won’t IPO in Sweden

Maj Invest Equity has established a new fund (PE) for small and medium-sized Danish companies with revenues between EUR 13M and 130M

Seriously’s new game Best Fiends Forever climbed to the top of the Apple iPhone charts in key markets

Kahoot! have appointed Erik Harrell as their new CEO

Elliptic Labs signs deal with Xiaomi

The main owners of Nordnet now wants to buy out the company from the stock exchange, together with the private equity company Nordic Capital

General Electric has upped its bid by 5.3% as it now looks to buy 75% of publicly-listed Arcam

Magic Leap goes to Finland in pursuit of Nordic VR and AR talent

Sweden’s highest court thinks camera drones are basically CCTV cameras, they now need a permit

Spotify has significantly scaled down their video offering

Game Company THQ Nordic is expected to go public with a market cap of 1.2BSEK

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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