We’ve long established that the Nordics have yet to feel any effect from any potential investment slowdown making its way across the Atlantic, in fact, it’s safe to say that investment in the Nordics is still significantly increasing and has not yet reached a peak.
However, its not necessarily the fact that investments are increasing that’s impressive, that could be said for most of the major ecosystems across Europe, but more the speed at which they are doing so. A pace at which I’d suggest outstrips everywhere else in Europe, and would even stand up strong (perhaps the strongest?) on a global level.
This pace is best demonstrated by looking at the last 500 investments that Nordic startups have received, which takes us back to the beginning of 2014.
The last 100 investments in the Nordics have occured over just 56 days, the previous 100 investments took 68 days, the previous 100 to that 80 days, and so on.
The period where it took 196 days for the Nordics to see 100 investments was at the beginning of 2014, meaning that the rate of investment has increased to nearly fourfold what it was just two years ago.
What this chart also demonstrates is that although investment is still rising, the pace at which it is doing so is now (rather naturally) slowing down, indicating that although we have yet to reach a peak in terms of the numbers of investments, we have more than likely peaked in terms of the speed at which they are increasing.
It’s also worth noting that the most significant jump in speed was around Q2 in 2015, suggesting that this was the period we may go back and pinpoint as the moment that investment in the Nordics really took off.
It’s only natural that when the number of investments has been growing at the rate it has been in the Nordics, that this speed will level out at some point, and the numbers point to this being due to a decrease in demand (startups needing investment) rather than a lack of supply (investors willing to invest), meaning that although the rate of investments is now slowing down, the investment scene in the Nordics is looking stronger than ever.
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