The Q1 2016 Nordic Funding Analysis

With a week or so of the quarter left, we issued a warning that although early-stage investment was still increasing, there was a surplus of larger later-stage rounds meaning that Q1 looked set to come in under Q1 2015 for the total amount raised. We spoke too early though, as a sudden influx of big deals meant that even disregarding Spotify’s monster $1 billion debt round, Q1 2016 ultimately came in at $359.2 million (and $1.36 billion including Spotify).