In our final country specific analysis for Q2, we focus on the nation that provides the majority of investment action for the region, not only that but is also one of its most consistent performers.
After a minor correction in Q1 (which in fairness was still 2nd only to Q4 2016 in number of investments) Q2 2017 was back with a bang, as the Nordic’s biggest ecosystem recorded 111 investments totalling $319.8 million.
Before our VC-backed exit analysis tomorrow, first we take a deeper look at the macro technology exits that occurred in the region in Q2, as the last three months witnessed further strong performance to build on Q1’s, with 46 Nordic technology exits totalling a disclosed $1.23 billion in Q2 2017.
Crowberry Capital is the Nordic’s latest fund. Last week they announced the first closing of their new fund at $38 million (final close at $48 million) with the fund founded by former NSA Ventures veterans Helga Valfells, Hekla Arnardóttir and Jenný Ruth Hrafnsdóttir.
As the fund is completely new, we thought it would be fun to get to know each of Crowberry Capital’s GPs a little better. Jenny, Helga and Hekla all worked on their answers individually, meaning we get a rare opportunity to get an insight into how all of a fund’s GPs think in one go.