In what was a record year for Nordic investments, some companies got more of the spoils than others, with 10 companies managing to fit two rounds of funding in, in 2015.
While following the money is a good indication as to who is growing fast, it doesn’t necessarily mean that the company will continue raising at the same pace. In fact, if we look at the 9 who raised twice in 2014, only one raised again in 2015 (Seriously). One of the companies (Fitbay) is even deadpool now. However, typically, money in the bank is a strong sign that the company has either found product/market fit, looking at international expansion or is experiencing strong growth. So, who were the 10 fast-growing Nordic startups who raised twice in 2015?
As to be expected, the majority of these are Swedish, with just two Finnish and one Danish company raising twice in 2015. As we said at the beginning, raising twice in a year isn’t necessarily indicative of future success, but it does help give us a grasp as to who is still pushing ahead and growing fast while doing so, so we could do worse than keeping an eye out on these companies in 2016.
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