Investments, exits and top stories for Nordic startups from November

We may be entering the traditionally slower part of the year, but the Nordic startup scene is hardly slamming the breaks on. November saw a staggering 32 investments and 8 exits, as the Nordic’s continue to buck the global trend as exits keep rising.


Icelandic CCP raise $30 million more in VC

Malmo based IoT startup Anima Connected raised €10 million from Chinese investors

Swedish Medtech company OssDsign picks up €9.6M for craniofacial implants

Helsinki-based 3D middleware firm Umbra has pulled in $3.4 million

Finnish Futurefly raised $3M from same early-stage investors as Facebook, WhatsApp, Snapchat & Twitter

Finnish Iceye raise a $2.8 million Series A

Swedish Quinyx raises $2.3 million

Swedish COS Systems raise $2.3 million and have their sights on the US next

Finland’s Oppex raises $2.3 million for its search engine for public tenders

Finnish food app Wolt has raised €2 million more, including from Supercell’s CEO

Icelandic Solfar secures €2 million seed round from Nordic and Asian investors

Danish Medtech startup Cortrium raise €1.5 million, and strike a partnership with Myant

Norwegian Medtech startup Pre Diagnostics raises €1.5 million

Sweden’s Soundtrap raises $1.5 million

Denmark’s Mobile Industrial Robots raise $1.44 million

Finnish Wellmo raises a €1 million seed round

Swedish Sportlala raises $700,000 to make sporting goods cheaper

Finnish Flashnode raises $641,000

Sweden’s Akredo, targeted at the Polish market, raises €595,000

€556k of funding for Finnish Noccela and their anti-theft technology

Sling has received $500,000 in pre-seed funding from Icelandic NSA Ventures and New York based Boldstart Ventures

Mintebi announced they received approximately €400,000 in financing from a group of business angels earlier this year

Swedish Wearable’s company Linkura bring in $400.000 in financing

Klarna invests further into Swedish Wrapp

Danish Heaps have raised angel funding from prominent American investors

Former CPO of Tesla, Peter Carlsson invests in Modcam

Former Swedish Prime Minister invests in VR startup Diakrit, aimed at the house hunting space

Danish AutoOffer raises a new round to change how cars are bought

MTGx partner up with Instant eSport and invests $50,000, as well as with ESL and Jaunt to bring eSports to life through Virtual Reality

Danish Reshopper, the digital marketplace for families have received an Angel investmentfrom WhiteAway co-founder Esben Gadsbøll

Invesdor raises angel money from Manny Fernandez

Norwegian Phonero raises investment from Norvestor


King Digital, the makers of Candy Crush, are to be bought by Activision (behind Call of Duty) for $5.9 billion

Cisco acquires Norwegian-founded Acano for $700 Million to enhance video conferencing capability

Goldman Sachs buys Swedish Pantor, a platform for securities trading

Gravity4 acquired the two Danish companies EuroAds and Conyak

The Euroflorist Group acquires British competitor

MTG acquire Dreamhack for approximately €26 million

The Swedish game developer Star Stable buys game studio Pixel Tales for SEK 20 million

itslearning AS announces the acquisition of Scandinavian-based learning management system Fronter from Pearson

Top Stories

500 Startups files for a $15 million fund to back more than 100 Nordic startups in the next few years

Jolla is in big trouble: funding delay results in ‘temporary lay-offs’ as startup files for debt restructuring

Accelerator Startupbootcamp expands to the US with a digital health program in Miami

Supercell is now Finland’s highest earning company, with over 10x the income of former #1 Nokia

Vivaldi browser hits beta after 2 million downloads

Open Ocean closes new €100M fund, recruits Richard Muirhead as London General Partner

PC-reinventor Solu tops crowdfunding target

FundedByMe & Brewdog launch the biggest equity crowdfunding campaign to date in the Nordics

Fitbay files for bankruptcy and sets up for restructuring

Detectify have identified how Google Chrome extensions are tracking you and how to avoid being affected

Taxi-app Drivr are now offline in Copenhagen

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— 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