Nordic VC-backed Exits in Q2 2017 in a European Context

After looking at funding yesterday, today we turn our attentions to VC-backed exits and how the Nordic’s performance in Q2 stacked up on a European scale. While we determined yesterday that the region can certainly hold its own when it comes to investments, it’s more pertinent for us to understand whether the Nordics is currently delivering returns at above or below the European status quo.

*Please note, we have used our Nordic data but Tech.eu‘s European data for this analysis. 

  • Combined as a region, the Nordics recorded the most VC-backed exits in Q2 2017, just as they did (jointly with Germany) in Q1. Even though this was a strong quarter for the Nordics, it still came in below their high of 18 in Q2 2016, meaning that it wasn’t an overly exceptional quarter, in fact, they also recorded 16 in Q4 2016 and 15 in Q1 2016. Despite this, they were able to comfortably see more than double the exits of France, Israel and UK.
  • The Nordics represented 22.22% of all VC-backed exits in Q2, an increase from the 15.79% in Q1.
  • Sweden is more than holding its own if we only looked at the individual Nordic countries, recording the second most after Germany, coming in ahead of maturer (and possibly more-hyped) ecosystems like the UK, Israel and France.
  • None of the other Nordic countries really threatened towards the top of the chart, however, Denmark, Norway and Finland were all included in a group of only 12 European countries that recorded more than one VC-backed exit over the last three months.

Looking at this from a yearly perspective, the Nordics are now comfortably out in front with 30, representing 21.9% (the highest percentage) of all European VC-backed exits, not bad for a region that sees considerably less capital pumped into it than the UK, Germany, France and Israel, meaning those that are looking further north are typically getting more for their money, making a strong case for investors to continue to back Nordic startups.

(You can buy the full Q2 2017 European Funding and Exits report from Tech.eu here)

Full Disclosure: I was once employed by Tech.eu for a period in 2015-2016 but have no professional relationship with them any more.

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 Tech.eu.