15 May The Nordic Web Weekly

A weekly curation of the region’s hottest startup news.
Welcome to another edition of The Nordic Web Weekly, where we bring you the latest from The Nordic Web as well as curating all the need-to-know news from The Nordic Startup scene.Curated and written by @neilswmurray

This Week on The Nordic Web

Next up in our sub-sector investment series is Health and Wellness, a vertical that has become synonymous with the region and one that certainly attracts its fair share of investments.In this analysis we break down the investments into sub-sectors to get a sense for how investors tastes (and the type of startups) within the health sphere has developed over time.Nordic Health and Wellness investors firmly move sights away from hardware to software

Next up in our interview series profiling the individuals that are providing the capital and know-how fuelling the Nordic ecosystem we caught up with Miriam Grut Norrby, Investment Manager at Schibsted Growth. Miriam is an Investment Manager at Schibsted Growth.An interview with Miriam Grut Norrby of Schibsted Growth
With Bitcoin at a record high price and the rise in prominence of Ethereum, there’s a strong argument to be made for Cryptocurrency currently experiencing a record level of interest, however, despite this, investment into Nordic cryptocurrency startups isn’t increasing, yet.Cryptocurrency is experiencing a second wind but investment isn’t following, yet

Five and a half months into the year, we can now begin to start projecting what this year might look like for investment and begin to better understand the temperature of the Nordic investment scene right now.Could 2017 be a down year for investment in the Nordics?

This Week in The Nordics


Rokoko started selling a $2,500 suit to change the way filmmakers do motion capture

Hugo Games are to collaborate with Barcelona and Real Madrid

Here’s what happened at Seed Capital’s Discovery Day


European Investment Bank (EIB) has granted 25MEUR to open source database company MariaDBGenomic data management solutions company BC Platforms raised 9MEURFreska has raised a further 2MEURMightifier won the Arctic15 pitching competition taking home FiBAN syndicate of €50k

Sleep monitor Beddit acquired by Apple

Nitro Games sets sights on €3.2m IPO

F-Secure acquires security consultancy Digital Assurance to strengthen its UK foothold

Utopia Analytics reduces volume of online abuse


Takumi, the influencer marketing platform raised a $4 million Series A 

The nine companies that pitched at Startup Tourism

Brad Burnham, Jerry Colonna, Ida Tin and more among speakers at Startup Iceland


FinTech startup Payr has raised 3.2MNOK

Creative Makerspace in Stavanger has raised 2MNOK

Norwegian.AI is a new $1BNOK fund

IntoFoods won the pitch competition at Katapult Future Fest

The co-founders of Kahoot! have left day-to-day operations

Krillbite’s ‘Mosaic’ wants to explore the confines of social isolation

Opera update lets you jump straight into WhatsApp chats from the browser


Oden Technologies has raised $3.5 million more

Codeta raised 22MSEK

DNA Analytics company Dynamic Code has raised 10MSEK

Wrebit has taken in a further 10MSEK to accelerate growth

Tipser has raised 10MSEK

TRS Travel Right merges with Försenad.se and raises just under 10MSEK

Buyersclub has raised 7.5MSEK

Swedish Algae Factory raised 6MSEK

FinTech startup Zaver has raised 3.5MSEK more 

RealSource expands and takes in new capital

Swedbank has acquired Payex

Frankly and HOWL merged to form the new Scandinavian innovation agency Above

Members.com has been acquired by Campadre from Qliro

Tata Technologies acquires Swedish engineering and design firm Escenda Engineering

Vaimo is aiming to go public

Acconeer are gearing up for an IPO

Boozt plans listing on Stockholm stock exchange

CLX has acquired Dialogue Group for 370MSEK

Bambora have acquired Devcode

Food startup Saffron has shut down

Electrolux partnered with Google Home

Interesting Reads

Zalando announces the pilot launch of Instant return in Sweden

Skåne ranks second best in Sweden in E-commerce

Arctic15 is over. What’s next?

Finland’s basic income experiment is already lowering stress levels — and it’s only 4 months old

What the European Angel Fund means for Finnish angels

:agile Nordic looks for startups within the energy sector

The Fintech World Series: Sweden

Europe’s tech scene is no longer in the Valley’s shadow. Atomico is bringing it into the light

7 reasons Finland’s education system puts the US model to shame

Spotify partners with Capital One for discount subscriptions

How to get a headless product to $100m ARR

Ericsson launches virtualisation solution for telcos

Nokia returns home for smart cities project

Nordic listings on path to new record year amid Swedish IPO boom

The Finnish learning cocktail

Strangling yourself with a cap table

Game Hub Scandinavia has partnered with industry veteran Zhu Xiaojing

Here’s the letter Spotify’s founders wrote to the EU complaining Apple and Google are abusive

Music as medicine: how songs could soon replace painkillers and help you sleep better

“The Nordic Web is the single most comprehensive source of data and analysis on what is happening across the entire Nordic tech ecosystem. I trust The Nordic Web to provide differentiated, data-driven insights into what’s happening on the ground and have no hesitation in paying to access this content.” — Tom Wehmeier, (VC at Atomico)

The Nordic Web is the number one resource for analysis and insight on Nordic Startups. By @neilswmurray.