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The Nordic Web Weekly - Issue #254

Supporting and strengthening the Nordic ecosystem through investment and analysis, The Nordic Web inv

The Nordic Web Weekly

January 11 · Issue #254 · View online
A weekly curation of the latest investments, exits and stories from the Nordic startup ecosystem compiled by The Nordic Web.

Supporting and strengthening the Nordic ecosystem through investment and analysis, The Nordic Web invests first money into the most ambitious founders and startups from the region

Please note: This edition covers the last three weeks due to the Christmas holiday. Business as usual from next week. Oh and Happy New Year!

🇩🇰 This week in Denmark 🇩🇰
Danish-founded OneLogin raised a $100M Series D
FinTech startup Yourpay has raised 22MDKK
Cylindo raised 13MDKK from a number of angels including David Helgason
Min Landsby raised 0.3MDKK from a couple of angels
Aarhus-based Plandisc has raised angel investment
Health VR startup Konfront has raised angel money
BetterCoins was acquired by Coindesk was acquired by Cision for $100M+

🇫🇮 This week in Finland 🇫🇮
Mobidiag has added a €10m equity investment from Autobio

🇮🇸 This week in Iceland 🇮🇸
Biotech company Alvotech completes a $50M strategic investment from Fuji Pharma
Oculis raises $15.7m in extension to B round
Crypto FinTech startup Monerium raises $2 million
Meniga acquires Stockholm based reward platform Wrapp

🇳🇴 This week in Norway 🇳🇴
Biometrics startup Zwipe has raised 120MNOK ahead of a public listing
ContinYou raised 9MNOK from existing investors
Recruitment startup Vilect has raised 3.4MNOK
Think Outside has raised investment from Butterfly Ventures
Edtech startup has raised investment from Learn Capital
Verdane invests in HR Manager and Webcruiter and simultaneously merges the companies
ZEG Power has closed an investment round from StartupLab

🇸🇪 This week in Sweden 🇸🇪
Gaming studio Fatshark raised $56M from Tencent
Accedo raised $17M in growth equity from SEB Private Equity
Northvolt raised a further SEK 123 million from existing investors Vattenfall and Vargas
Network pharmacy Meds has raised 51MSEK
Werlabs takes in SEK 36 million
Content moderation startup Besedo secures $3.3M from Spiltan
Acuminor has raised 15MSEK led by Brightly
Mindler secures $1.3M from Luminar Ventures
Health startup Alex has raised 4.1MSEK
NorthWorx secured SEK 3M from Westerlinds
TreeToTextile adds Stora Enso as investor in the company
Wallenstam invests more capital in Convendum
e-commerce analytics startup Divvit was acquired by UK-based Ve Global
Convergo was acquired by Bimobject
Tech founders face deportation in Sweden

📚 Relevant reads 📚
New €100m Japanese VC fund backs startups in Nordics and Baltics starting in 2019
Stockholm’s startup ecosystem at a glance
This little-known (Swedish) company helped make Red Dead Redemption 2 the most realistic game ever
Insider view: Copenhagen as a startup hub

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