The 20 largest funding rounds of 2016 so far

Last week we compared the 10 largest rounds from the 1st half of 2016 to the previous two years. Following this, we got several requests asking us to reveal what the largest rounds were, so, without further ado, here are the 20 largest rounds of 2016 so far.

*In this analysis, we are only presenting companies in digital tech and hardware, so Sol Voltaics, IO Biotech, Conceptomed, Norsk Titanium and Irris do not feature despite all raising $10 million+ rounds.


1. Spotify ($1 billion)

Country:

Sweden

Who invested?

TPG, Dragoneer Investment Group

Total funding raised to date:

$1.98 billion

2. Tradeshift ($75 million)

Country:

Denmark

Who invested?

Data Collective, American Express Ventures, CreditEase, HSBC, Notion Capital, Pavillon Capital

Total funding raised to date:

$174 million

3. M-files ($37.5 million)

Country:

Finland

Who invested?

Draper Esprit, Partech Ventures, Finnish Industry Investment

Total funding raised to date:

$44.68 million

4. AlphaSense ($33 million)

Country:

Finland

Who invested?

Triangle Peak Ventures, Tribeca Venture Partners, Quantum Strategic Partners, Tom Glocer

Total funding raised to date:

$33 million

5. Vivino ($25 million)

Country:

Denmark

Who invested?

SCP Neptune International, Balderton Capital, Creandum, Seed Capital, Iconical

Total funding raised to date:

$36.3 million

6. Widespace ($17.2 million)

Country:

Sweden

Who invested?

Kreos Capital, Industrifonden, Northzone

Total funding raised to date:

$23.25 million

7. Verto Analytics ($16.1 million)

Country:

Finland

Who invested?

EQT, Conor Venture Partners, Finnish Industry Investment, Open Ocean Capital, Vision+

Total funding raised to date:

$23.9 million

8. Planday ($14 million)

Country:

Denmark

Who invested?

Idinvest, Creandum, SEB Private Equity, Klaus Nyengaard, Arthur Kosten

Total funding raised to date:

$17.75 million

9. Jolla ($12 million)

Country:

FInland

Who invested?

Undisclosed

Total funding raised to date:

$24.4 million

10. Wolt ($11 million)

Country:

Finland

Who invested?

EQT, Niklas Zennstrom, Risto Siilasmaa, Ilkka Paananen, Inventure, Lifeline

Total funding raised to date:

$26.05 million

11. Tink ($10.2 million)

Country:

Sweden

Who invested?

Creades, SEB, ABN AMRO, Sunstone Capital

Total funding raised to date:

$14.17 million

12. Next Games ($10 million)

Country:

Finland

Who invested?

IDG Ventures, Jari Ovaskainen, AMC Networks, Lionsgate, Lowercase Capital

Total funding raised to date:

$16 million

13. Babyshop.com ($9.95 million)

Country:

Sweden

Who invested?

Verdane Capital, Net Departo, Seligman Private Equity

Total funding raised to date:

$9.95 million

14. Sonitor Technologies ($9.5 million)

Country:

Norway

Who invested?

Undisclosed

Total funding raised to date:

$9.5 million

15. MariaDB ($9 million)

Country:

Finland

Who invested?

Intel Capital, California Technology Ventures

Total funding raised to date:

$40.89 million

15 = Tapp Commerce ($9 million)

Country:

Finland

Who invested?

AMMA Private Investment

Total funding raised to date:

$9 million

17. Mapillary ($8 million)

Country:

Sweden

Who invested?

Atomico, LDV Capital, Playfair Capital, Sequoia Capital, Wellington Partners

Total funding raised to date:

$9.5 million

18. Plain Vanilla ($7.5 million)

Country:

Iceland

Who invested?

Glu Mobile

Total funding raised to date:

$40.07 million

19. Min Doktor ($6.5 million)

Country:

Sweden

Who invested?

EQT,

Total funding raised to date:

$9.13 million

19 = Disruptive Technologies ($6.5 million)

Country:

Norway

Who invested?

Ubon Partners

Total funding raised to date:

$6.5 million


“In the tech world, things move fast and companies are born anywhere in the world. I’m able to have an ear to the ground with The Nordic Web – the content is fresh, local, and of high quality, which is exactly what you need as a seed investor.

In fact, it’s through Neil Murray’s newsletter that I first heard about Mapillary. Several months later, I was fortunate to lead our firm’s investment in the Company to help drive the creation of a crowdsourced visual representation of our world”

— 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 Tech.eu.