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TRACXN MONTHLY REPORT
DECEMBER 2021
NORDICS TECH
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Nordics Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 9
Top Funded Business Models - last 1 year 11
New Analyst Picks 12
IPOs 15
Acquisitions 16
Recent News 18
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Nordics Tech Snapshot – December 2021
Nordics Tech: Snapshot – December 2021
Note : "Investors" refers to "Institutional Investors" only
3
$867M
23 1
Overall Geo Stats
20
16
84
31
36
Funding Rounds $ Invested Analyst Picks
Voi Upgraded to
UNICORN
New Investors
Dapper Labs
Eleven Ventures
Series A+ rounds Active Investors IPOs
Tobii Dynavox
Acquisitions
Elk Studios
Bank Norwegian
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Copenhagen
(8 Rounds, $418M)
Stockholm
(5 Rounds, $175M)
Oslo
(4 Rounds, $46.4M)
Espoo
(3 Rounds, $79.0M)
$200M - Series F
Tradeshift (2010, San Francisco, $1.2B)
$200M - Series C
Pleo (2015, Copenhagen, $434M)
$115M - Series D
Voi (2018, Stockholm, $500M)
$50.9M - Series C
Enfuce (2016, Espoo, $64.9M)
Creandum
(2 Investments)
Inbox Capital
(2 Investments)
Schibsted Media Group
(2 Investments)
Seedcamp
(1 Investments)
Finance & Accounting Tech
Pleo
Payments
Enfuce
Online Travel
Campanyon
SCM Software
Tradeshift
Market Size
Companies Covered 16,717
Funded Companies 5,708
Total Funding $49.9B
Funding in last 12 months $14.8B
Top Exits
IPOs 293
Acquisitions 1,241
Company Stage
Unicorns 12
Soonicorns 88
Minicorns 456
Editor Picks 1,997
Series A+ 1,256
Series C+ 244
Acqui-Hires 5
Deadpooled 987
Top Cities
Copenhagen (1,259 Rounds, $12.9B)
Stockholm (1,205 Rounds, $17.3B)
Top Investors
Almi Invest (300 Investments)
Accelerace (163 Investments)
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Nordics Tech as of December 2021
Nordics Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (December 2021)*
Tradeshift
(2010, San Francisco, $1.2B)
$200M - Series F Koch Industries
Pleo
(2015, Copenhagen, $434M)
$200M - Series C Coatue
Voi
(2018, Stockholm, $500M)
$115M - Series D Raine Group
Enfuce
(2016, Espoo, $64.9M)
$50.9M - Series C Vitruvian Partners
Occlutech
(2003, Helsingborg, $70.8M)
$49.2M - Series C
Novelda
(2004, Oslo, $59.7M)
$44.7M - Series C
Oddlygood
(2021, Helsinki, $28.2M)
$28.2M - Series B
MAJORITY
(2019, Stockholm, $46.0M)
$27.0M - Series A Valar Ventures
ICEYE
(2014, Espoo, $177M)
$25.0M - Series C Seraphim Capital
Candela
(1994, Lidingo, $24.0M)
$24.0M - Series B EQT Ventures
ITBMed
(2016, Stockholm, $87.0M)
$20.0M - Series A 3E Bioventures Capital
*Shows only the lead Investors
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/4)
List of Funding Rounds in Nordics Tech in December 2021
Nordics Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$25.0M - Series C
ICEYE (2014, Espoo, $177.0M)
Provider of AI and microsatellite-based imaging
services
Seraphim Capital
LATE STAGE
$44.7M - Series C
Novelda (2004, Oslo, $59.7M)
Provider of sensors to detect human presence
LATE STAGE
$49.2M - Series C
Occlutech (2003, Helsingborg, $70.8M)
Provider of devices for structural heart disease
LATE STAGE
$50.9M - Series C
Enfuce (2016, Espoo, $64.9M)
Open banking API solutions
Vitruvian Partners, Tencent, Maki.vc
LATE STAGE
$115.0M - Series D
Voi (2018, Stockholm, $500.0M)
App-based platform offering electric-kick scooter
rental services
Raine Group, Vostok New Ventures, Stena Sessan,
Kreos Capital, Nineyards Equity, and 4 more
LATE STAGE
$200.0M - Series C
Pleo (2015, Copenhagen, $434.0M)
Corporate payment card for expense management
Coatue, Alkeon Capital Management, Seedcamp,
Founders, Kinnevik, and 4 more
LATE STAGE
$200.0M - Series F
Tradeshift (2010, San Francisco, $1.2B)
Cloud-based SaaS invoice management solutions for
businesses
Koch Industries, IDC Ventures, LUN Partners Group,
Private Shares Fund, Fuel Capital
LATE STAGE
PE
3Shape (2000, Copenhagen)
Provider of 3D ear scanning systems
EQT
LATE STAGE
Series D
KRY (2014, Stockholm, $571.2M)
Provider of tele-consultation platform for patients
Flat Capital
EARLY STAGE
$3.1M - Series A
Workfellow (2020, Espoo, $3.1M)
AI based workflow automation software
OpenOcean, Icebreaker, Kulpreet Singh, Kedar Dani
EARLY STAGE
$3.4M - Series A
Hedia (2015, Copenhagen, $8.1M)
Provider of an AI-based app for managing diabetes
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/4)
List of Funding Rounds in Nordics Tech in December 2021
Nordics Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$5.0M - Series A
Nitro (2021, , $5.0M)
NFT-based trading platform for digital games
SL2 Capital, NGC, Morningstar Ventures, Axia8, Yolo,
and 7 more
EARLY STAGE
$5.7M - Series A
Loupedeck (2016, Helsinki, $8.1M)
Internet first brand offering editing controllers
zVentures, Play Ventures
EARLY STAGE
$6.2M - Series B
Liva Healthcare (2015, Copenhagen, $38.1M)
Provider of chronic care management solution for
patients and healthcare professionals
EARLY STAGE
$7.2M - Series A
Oncorena (2011, Gothenburg, $10.0M)
Developer of a novel natural treatment for patients
with metastatic kidney cancer
Healthcap, Linc, Fåhraeus Startup and Growth Fund
EARLY STAGE
$13.0M - Series B
Volumental (2012, Stockholm, $17.7M)
Provider of AI-based 3D foot scanning solutions
CNI, Backstage Invest,
EARLY STAGE
$16.9M - Series B
Blue World Technologies (2018, Aalborg, $25.8M)
Developer of methanol based fuel cell
Growth Fund, DEUTZ
EARLY STAGE
$20.0M - Series A
ITBMed (2016, Stockholm, $87.0M)
Developer of monoclonal antibodies to prevent
transplant rejections
3E Bioventures Capital, Yonjin Capital, Binhai Venture
Capital Investment Management
EARLY STAGE
$24.0M - Series B
Candela (1994, Lidingo, $24.0M)
Manufacturer of electric hydrofoils
EQT Ventures, Chris Anderson
EARLY STAGE
$27.0M - Series A
MAJORITY (2019, Stockholm, $46.0M)
App-based debit cards for migrants
Valar Ventures, Avid Ventures, Heartcore Capital
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (3/4)
List of Funding Rounds in Nordics Tech in December 2021
Nordics Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
7
EARLY STAGE
$28.2M - Series B
Oddlygood (2021, Helsinki, $28.2M)
Platform offering plant-based dairy products
EARLY STAGE
Series A
Imerso (2014, Oslo, $2.0M)
Provider of a cloud-based 3D scanning app for the
construction industry
Nemetschek Group
EARLY STAGE
Series A
Promon (2006, Oslo)
App wrapping & RASP based mobile app security
Trifork, GRO Capital, Kirk Kapital
SEED STAGE
$319.0K - Seed
MyMonii (2015, Copenhagen, $1.4M)
App-based expense management platform for children
SEED STAGE
$563.4K - Seed
SYKE Tribe (2014, Lempaala, $563.4K)
Provider of software for fitness trainers and trainees
Nostetta Ventures
SEED STAGE
$744.6K - Seed
Vignita (2017, Arnes, $744.6K)
Online platform providing social learning solutions
North Venture Partners, , Link Capital, Penny Venture,
Eleven Ventures
SEED STAGE
$1.3M - Seed
Gamifiera (2019, Sollentuna, $1.3M)
Platform offering gamified loyalty program for online
and omni channel retailers
,
SEED STAGE
$1.4M - Seed
PainDrainer (2018, Lund, $1.4M)
App for chronic pain management
Almi Invest
SEED STAGE
$1.7M - Seed
Campanyon (2020, Oslo, $1.7M)
Online campsite accommodation booking platform
Schibsted Media Group
SEED STAGE
$2.0M - Seed
NinaData (2021, Helsinki, $2.0M)
Provider of privacy based contextual data and
advertising solutions
SEED STAGE
$2.3M - Seed
PLAIO (2021, Reykjavik, $2.3M)
Provider of supply chain management solutions for
pharmaceutical industries
Frumtak Ventures
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (4/4)
List of Funding Rounds in Nordics Tech in December 2021
Nordics Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
8
SEED STAGE
$3.0M - Seed
Lift (2015, Copenhagen, $3.1M)
Cloud and AI based B2B client risk management
software provider
Seed Capital
SEED STAGE
$4.3M - Seed
Favro (2016, Uppsala, $4.3M)
Project planning and management tool
Practica Capital, Scale Capital, Creandum, Inbox Capital
SEED STAGE
$5.0M - Seed
Dynasty Studios (2021, Copenhagen, $5.0M)
Developer of PC and console-based games on
blockchain technology
Framework Ventures, , Dapper Labs, CoinFund, Timo
Schlaefer, and 1 more
SEED STAGE
Seed
Plick (2013, Uppsala)
Mobile based second hand fashion marketplace
Schibsted Media Group
SEED STAGE
Seed
Evolar (2019, Uppsala)
Provider of perovskite-based solar panels
Magnora
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Nordics Tech in December 2021
Nordics Tech: List of New Investors
9
Investor Company Info Round Amount Round Name
Dapper Labs
16 portfolio companies | Blockchain-based games developer
Dynasty Studios
Developer of PC and console-based games on blockchain technology
$5.00M Seed
Eleven Ventures
61 portfolio companies | VC investing in early stage startups
Vignita
Online platform providing social learning solutions
$745K Seed
LUN Partners Group
12 portfolio companies | Venture capital firm focused on tech startups
Tradeshift
Cloud-based SaaS invoice management solutions for businesses
$200M Series F
Axia8
11 portfolio companies | Blockchain focused investment firm
Nitro
NFT-based trading platform for digital games
$5.00M Series A
Skyman Ventures
3 portfolio companies | Skyman Ventures – Sensible investments in modern-day
assets.
Nitro
NFT-based trading platform for digital games
$5.00M Series A
CoinFund
50 portfolio companies | Slack Community Focused on Cryptocurrency Research
and Trading
Dynasty Studios
Developer of PC and console-based games on blockchain technology
$5.00M Seed
Infinity Ventures Crypto
8 portfolio companies | Blockchain focused investment firm
Nitro
NFT-based trading platform for digital games
$5.00M Series A
Double Peak
16 portfolio companies | Single family office investing in multiple sectors
Nitro
NFT-based trading platform for digital games
$5.00M Series A
Flat Capital
3 portfolio companies | Venture capital firm focused on early stage companies
KRY
Provider of tele-consultation platform for patients
Undisclosed Series D
3E Bioventures Capital
28 portfolio companies | Tech & Life Science focused early & growth stage VC
firm investing in the US & China
ITBMed
Developer of monoclonal antibodies to prevent transplant rejections
$20.00M Series A
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Nordics Tech in December 2021
Nordics Tech: List of New Investors
10
Investor Company Info Round Amount Round Name
Nemetschek Group
3 portfolio companies | SaaS-driven building information modeling software for
AEC professionals
Imerso
Provider of a cloud-based 3D scanning app for the construction industry
Undisclosed Series A
Fuel Capital
76 portfolio companies | Tech focused early stage VC firm investing in the US
Tradeshift
Cloud-based SaaS invoice management solutions for businesses
$200M Series F
Extra Watts
1 portfolio companies | Venture capital firm focused on blockchain technology
Nitro
NFT-based trading platform for digital games
$5.00M Series A
webhallen.com
1 portfolio companies | Webhallen.com
Gamifiera
Platform offering gamified loyalty program for online and omni channel
retailers
$1.30M Seed
North Venture Partners
1 portfolio companies | Sector agnostic startup incubator
Vignita
Online platform providing social learning solutions
$745K Seed
Framework Ventures
27 portfolio companies | Venture capital firm investing in tech sectors
Dynasty Studios
Developer of PC and console-based games on blockchain technology
$5.00M Seed
quiqholding.vdtrxn
1 portfolio companies |
Gamifiera
Platform offering gamified loyalty program for online and omni channel
retailers
$1.30M Seed
Private Shares Fund
5 portfolio companies | Provider of funding services
Tradeshift
Cloud-based SaaS invoice management solutions for businesses
$200M Series F
abanicoinvest.vdtrxn
1 portfolio companies |
Volumental
Provider of AI-based 3D foot scanning solutions
$13.00M Series B
DEUTZ
1 portfolio companies | Manufacturer and supplier of drive systems
Blue World Technologies
Developer of methanol based fuel cell
$16.92M Series B
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
11
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Lithium Ion Batteries $2.8B 1 Northvolt | $2.8B | Unattributed
2 ▼-1 Internet First Point of Sale Financing $1.7B 4 Klarna | $1.0B | Series H
3 -- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed
4 ▲4 Food Ordering Platforms $536M 1 Wolt | $536M | Series E
5 ▲143 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D
6 ▲8 Web Based Platform for Doctor Consultation $419M 5 KRY | $317M | Series D
7 ▼-4
B2B E-Commerce > Technology Enablers > E Commerce
Software Suite
$400M 2 Tradeshift | $200M | Series F
8 ▼-4 Accounts Payable and Receivable Management $400M 2 Tradeshift | $200M | Series F
9 -- Corporate Travel Expense Management $355M 3 Pleo | $200M | Series C
10 -- Corporate Travel & Expense Cards $355M 3 Pleo | $200M | Series C
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/3)
Interesting Companies identified by Analysts in Nordics Tech in December 2021
Nordics Tech: Analyst Picks
12
Upgraded to UNICORN
Voi (2018, Stockholm, $2.4M, Seed)
App-based platform offering electric-kick scooter
rental services
75 & Sunny, LocalGlobe, ICT Capital and 30 other
Investors
Upgraded to SOONICORN
Enfuce (2016, Espoo, $50.9M, Series C)
Open banking API solutions
Nordea, Maki.vc, Tencent and 3 other Investors
Upgraded to SOONICORN
MAJORITY (2019, Stockholm, $19.0M, Seed)
App-based debit cards for migrants
Avid Ventures,Valar Ventures,Heartcore Capitaland
Upgraded to SOONICORN
Novelda (2004, Oslo, $15.0M, Series B)
Provider of sensors to detect human presence
Investinor,Alliance Ventureand
Upgraded to SOONICORN
ITBMed (2016, Stockholm, $67.0M, Angel)
Developer of monoclonal antibodies to prevent
transplant rejections
Yonjin Capital, Binhai Venture Capital Investment
Management, 3E Bioventures Capital and 1 other
Investors
Upgraded to MINICORN
Loupedeck (2016, Helsinki, $2.4M, Seed)
Internet first brand offering editing controllers
Founders' Edge,zVentures,Play Venturesand
Upgraded to MINICORN
Favro (2016, Uppsala, $4.3M, Seed)
Project planning and management tool
Hasso Plattner Ventures, Inbox Capital, Practica Capital
and 2 other Investors
Upgraded to MINICORN
Lift (2015, Copenhagen, $69.6K, Seed)
Cloud and AI based B2B client risk management
software provider
Claus Clausen,Seed Capitaland
Upgraded to MINICORN
Oddlygood (2021, Helsinki, $28.2M, Series B)
Platform offering plant-based dairy products
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/3)
Interesting Companies identified by Analysts in Nordics Tech in December 2021
Nordics Tech: Analyst Picks
13
Added to Editor's Pick
Oddz (2020, , $2.6M, Seed)
Decentralized trading platform for cryptocurrencies
and options
EX Networks, Chandresh Aharwar, AU21 Capital and 17
other Investors
Added to Editor's Pick
All Ears (2018, Stockholm, $532K, Seed)
Media monitoring solution
Mattias Weinhandl, Maths Olsson, Solang and 5 other
Investors
Added to Editor's Pick
Raffle (2018, Copenhagen, $151K, Seed)
AI-based platform for knowledge management
Growth Fund,Claus Troels Hansenand
Added to Editor's Pick
Dynasty Studios (2021, Copenhagen, $5.0M, Seed)
Developer of PC and console-based games on
blockchain technology
Framework Ventures, , Stefano Schiavi and 3 other
Investors
Added to Editor's Pick
Kavall (2021, Stockholm, $5.8M, Series A)
Online platform offering multi-category grocery
supplies
Samir Bachkani, Inbox Capital, Fredrik Jung-Abbou and
1 other Investors
Added to Editor's Pick
Sensebit (2007, Stockholm, Undisclosed, Seed)
Provider of a web-based traffic analytics platform
Uppsala Innovation Centre,NEA Partnersand
Added to Editor's Pick
Aldin (2013, Reykjavik, $1.0M, Seed)
Virtual reality software development company
Investa,Crowberry Capitaland
Added to Editor's Pick
Adnami (2018, Copenhagen, Undisclosed, Grant
(prize money))
Provider of end to end campaign management
platform for advertisers and publishers
Innovationsfondenand
Added to Editor's Pick
Tillit Forsikring (2017, Oslo, $120K, Seed)
Online mobile insurance platform for individuals
TheFactory,Schibsted Growthand
Added to Editor's Pick
Tractr (2019, Helsinki, $2.0M, Seed)
Provider of tools to manage shared spaces
Lifeline Ventures,Reaktor Ventures,Haltonand
Added to Editor's Pick
Hejmo (2018, Malmo, $2.9M, Seed)
Online platform for residential mortgage loans
Spiltanand
Added to Editor's Pick
Parallelo (2019, Oslo, $650K, Seed)
Online digital tool for designing 3D floor plans
ARCTECH, TheFactory, and 1 other Investors
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (3/3)
Interesting Companies identified by Analysts in Nordics Tech in December 2021
Nordics Tech: Analyst Picks
14
Added to Editor's Pick
Balancer (2019, Unfunded)
Portfolio management platform for cryptocurrency
TrustVCand
Added to Editor's Pick
Appear (2004, Oslo, Unfunded)
Provider of software solutions for media delivery
Added to Editor's Pick
School Day (2017, Helsinki, Unfunded)
Provider of AI and SaaS-driven student wellbeing
management solutions for schools
Added to Editor's Pick
Scaleout (2015, Uppsala, Unfunded)
Provider of cloud and AI-based federated learning
solutions for training models
Added to Editor's Pick
Yeply (2016, Espoo, Unfunded)
Provider of wheel maintenance services
Added to Editor's Pick
Adress (2020, Oslo, Unfunded)
Online platform for downpayment financing
TheFactoryand
Added to Editor's Pick
SweepBank (2020, Helsinki, Unfunded)
Digital bank for individuals
Added to Editor's Pick
Faundit (2016, Aarhus, Unfunded)
Provider of web-based lost & found management
software
Added to Editor's Pick
JabberBrain (2016, Stockholm, Unfunded)
Provider of a conversational AI development platform
for enterprises
Added to Editor's Pick
Airflight (2019, Unfunded)
Manufacturer of a payload UAV system for industrial
hoisting
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
09 Dec 2021
Tobii Dynavox (1983, Danderyd, )
Provider of assistive communication solution for differently abled
people via eye tracking
$
NASDAQ
OMX:TDVOX
IPOs
List of IPOs in Nordics Tech in December 2021
Nordics Tech: IPOs
15
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions (1/2)
List of Acquisitions in Nordics Tech in December 2021
Nordics Tech: Acquisitions
16
Acq. Date Company Acquirer Deal Size
01 Dec 2021
Elk Studios(2012, Stockholm, $3.0M)
Mobile games developer
Scientific Games
03 Dec 2021
Bank Norwegian(2009, Oslo, $36.1M)
Digital bank for individuals
Nordax Bank $2156.1M
07 Dec 2021
MyProduction(2016, Oslo)
Cloud-based production management software solutions
ECi Solutions
09 Dec 2021
24Storage(2015, Stockholm, $10.1M)
Self storage service provider
Nuveen
13 Dec 2021
Medinet(2007, Stockholm)
Digital scheduling tool for healthcare professionals
Visma
13 Dec 2021
Team Singularity(2016, Copenhagen, $0.4M)
Esports player organization platform
Abelco Investment Group
14 Dec 2021
Nightwatch.js(2014, Oslo)
Node.js based testing solution for browser based apps and
websites
BrowserStack
14 Dec 2021
Acubiz(1997, Copenhagen, $100.8M)
Cloud-based expense management solutions for businesses
Visma
15 Dec 2021
Green Tile Digital(2020, Skovde)
Developer of PC and console-based horror games
Amplifier Game Invest
15 Dec 2021
Smart Eye(1999, Gothenburg, $3.9M)
Provider of AI-enabled eye tracking systems and software
GrandVision
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions (2/2)
List of Acquisitions in Nordics Tech in December 2021
Nordics Tech: Acquisitions
17
Acq. Date Company Acquirer Deal Size
16 Dec 2021
Mita(1969, Rodkaersbro)
Wind power management and control
Emerson
20 Dec 2021
Euroflorist(1982, Malmon)
Online platform to buy from local florists
Magnus Silfverberg
21 Dec 2021
atNorth(2010, Hafnarfjörður)
Cloud-based AI and HPC cluster infrastructure solutions
Partners Group
22 Dec 2021
Hillava(2021, Jyvaskyla)
Platform offering ERP software for businesses
Admicom
23 Dec 2021
SokoPro(1993, Espoo)
Cloud based risk management solutions for the construction
industry
iBinder
30 Dec 2022
Jaramba(2015, Stockholm)
Online resources for children
Hej Albert $1.1M
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Nordics Tech in December 2021
Nordics Tech:News
18
Exit News
.
● Spotify Announces Acquisition of Audiobook Leader Findaway IndianWeb2
.
● Organon to acquire Finland pharma company with novel treatment for
endometriosis in its pipeline NJ
.
● Spotify's latest acquisition helps turn radio shows into podcasts Engadget
.
● 8x8 to buy Fuze for US$250m CRN Australia
.
● Advent, GIC Drop $8B Bid For Swedish Drugmaker Sobi Law360
.
● Embracer buys board games publisher Asmodee in $3 billion deal The Star Online
.
● Organon Completes Acquisition of Forendo Pharma Business Wire India
.
● Open Banking Platform Tink Finalizes Acquisition of FinTecSystems Crowdfund
Insider
.
People News
.
● Eutelsat appoints a Danish CEO – Eva Berneke Electronics Weekly
.
● Strong growth at Ultimate as top-rated virtual agent platform celebrates fifth
● Panostaja Oyj appointment news: Mika Yletyinen appointed President and
CEO of Oscar Software GlobeNewswire
.
● Azets strengthens tax practice in the Midlands East Midlands Business Link
.
● Disney takes new general counsel from Spotify Telecompaper
.
● Trustly’s Chairman Johan Tjärnberg Named CEO PYMNTS.com
.
● IAR Systems appoints new CEO European Business Press
.
Company News
.
● LEO Pharma announces that the FDA has approved Adbry™ (tralokinumab) as
the first and only therapeutic drug sp... Business Wire
.
● Klarna launches in Portugal with ‘Pay in 3’ BNPL option Electronic Payments
International
.
● Viaplay launches in US on Dec 15 Advanced Television
.
● Sedana Medical receives IND approval for US trial PR Newswire
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (2/2)
Recent News in Nordics Tech in December 2021
Nordics Tech:News
19
● FDA grants Calliditas Therapeutics Accelerated Approval of TARPEYO™
(budesonide) to Reduce Proteinuria in IgA ... PR Newswire
.
Regulatory News
.
● DNB not allowed to acquire Sbankenpoandpo.com
.
● Watchdog to look at conveyancing services firm deal Insider Media
Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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Explore more about Nordics Tech on Tracxn Platform
Nordics Tech: Explore more on Tracxn Platform
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Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
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AI Companies in Nordics
Fintech Companies Nordics
Consumer Digital in Nordics
Company Due Diligence
Detailed profile of Tradeshift
Competitors of Neo4j
Cap Tables of KRY
Investment Activity
Recent Investments
Investment Trend of last 10 years
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Tracxn - Geo Monthly Report - Nordics Tech - Dec 2021

  • 1. TRACXN MONTHLY REPORT DECEMBER 2021 NORDICS TECH
  • 2. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Contents 2 Nordics Tech Snapshot 3 Investment Snapshot 4 List of Funding Rounds 5 New Investors 9 Top Funded Business Models - last 1 year 11 New Analyst Picks 12 IPOs 15 Acquisitions 16 Recent News 18
  • 3. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech Snapshot – December 2021 Nordics Tech: Snapshot – December 2021 Note : "Investors" refers to "Institutional Investors" only 3 $867M 23 1 Overall Geo Stats 20 16 84 31 36 Funding Rounds $ Invested Analyst Picks Voi Upgraded to UNICORN New Investors Dapper Labs Eleven Ventures Series A+ rounds Active Investors IPOs Tobii Dynavox Acquisitions Elk Studios Bank Norwegian Top Funding Rounds Top Markets Top Investors Top Cities Monthly Leader Board Copenhagen (8 Rounds, $418M) Stockholm (5 Rounds, $175M) Oslo (4 Rounds, $46.4M) Espoo (3 Rounds, $79.0M) $200M - Series F Tradeshift (2010, San Francisco, $1.2B) $200M - Series C Pleo (2015, Copenhagen, $434M) $115M - Series D Voi (2018, Stockholm, $500M) $50.9M - Series C Enfuce (2016, Espoo, $64.9M) Creandum (2 Investments) Inbox Capital (2 Investments) Schibsted Media Group (2 Investments) Seedcamp (1 Investments) Finance & Accounting Tech Pleo Payments Enfuce Online Travel Campanyon SCM Software Tradeshift Market Size Companies Covered 16,717 Funded Companies 5,708 Total Funding $49.9B Funding in last 12 months $14.8B Top Exits IPOs 293 Acquisitions 1,241 Company Stage Unicorns 12 Soonicorns 88 Minicorns 456 Editor Picks 1,997 Series A+ 1,256 Series C+ 244 Acqui-Hires 5 Deadpooled 987 Top Cities Copenhagen (1,259 Rounds, $12.9B) Stockholm (1,205 Rounds, $17.3B) Top Investors Almi Invest (300 Investments) Accelerace (163 Investments)
  • 4. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Investment Snapshot Investment Snapshot of Nordics Tech as of December 2021 Nordics Tech: Investment Snapshot 4 # Rounds $ Funding Investment Trend Top Investments (December 2021)* Tradeshift (2010, San Francisco, $1.2B) $200M - Series F Koch Industries Pleo (2015, Copenhagen, $434M) $200M - Series C Coatue Voi (2018, Stockholm, $500M) $115M - Series D Raine Group Enfuce (2016, Espoo, $64.9M) $50.9M - Series C Vitruvian Partners Occlutech (2003, Helsingborg, $70.8M) $49.2M - Series C Novelda (2004, Oslo, $59.7M) $44.7M - Series C Oddlygood (2021, Helsinki, $28.2M) $28.2M - Series B MAJORITY (2019, Stockholm, $46.0M) $27.0M - Series A Valar Ventures ICEYE (2014, Espoo, $177M) $25.0M - Series C Seraphim Capital Candela (1994, Lidingo, $24.0M) $24.0M - Series B EQT Ventures ITBMed (2016, Stockholm, $87.0M) $20.0M - Series A 3E Bioventures Capital *Shows only the lead Investors
  • 5. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (1/4) List of Funding Rounds in Nordics Tech in December 2021 Nordics Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 5 LATE STAGE $25.0M - Series C ICEYE (2014, Espoo, $177.0M) Provider of AI and microsatellite-based imaging services Seraphim Capital LATE STAGE $44.7M - Series C Novelda (2004, Oslo, $59.7M) Provider of sensors to detect human presence LATE STAGE $49.2M - Series C Occlutech (2003, Helsingborg, $70.8M) Provider of devices for structural heart disease LATE STAGE $50.9M - Series C Enfuce (2016, Espoo, $64.9M) Open banking API solutions Vitruvian Partners, Tencent, Maki.vc LATE STAGE $115.0M - Series D Voi (2018, Stockholm, $500.0M) App-based platform offering electric-kick scooter rental services Raine Group, Vostok New Ventures, Stena Sessan, Kreos Capital, Nineyards Equity, and 4 more LATE STAGE $200.0M - Series C Pleo (2015, Copenhagen, $434.0M) Corporate payment card for expense management Coatue, Alkeon Capital Management, Seedcamp, Founders, Kinnevik, and 4 more LATE STAGE $200.0M - Series F Tradeshift (2010, San Francisco, $1.2B) Cloud-based SaaS invoice management solutions for businesses Koch Industries, IDC Ventures, LUN Partners Group, Private Shares Fund, Fuel Capital LATE STAGE PE 3Shape (2000, Copenhagen) Provider of 3D ear scanning systems EQT LATE STAGE Series D KRY (2014, Stockholm, $571.2M) Provider of tele-consultation platform for patients Flat Capital EARLY STAGE $3.1M - Series A Workfellow (2020, Espoo, $3.1M) AI based workflow automation software OpenOcean, Icebreaker, Kulpreet Singh, Kedar Dani EARLY STAGE $3.4M - Series A Hedia (2015, Copenhagen, $8.1M) Provider of an AI-based app for managing diabetes
  • 6. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (2/4) List of Funding Rounds in Nordics Tech in December 2021 Nordics Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 6 EARLY STAGE $5.0M - Series A Nitro (2021, , $5.0M) NFT-based trading platform for digital games SL2 Capital, NGC, Morningstar Ventures, Axia8, Yolo, and 7 more EARLY STAGE $5.7M - Series A Loupedeck (2016, Helsinki, $8.1M) Internet first brand offering editing controllers zVentures, Play Ventures EARLY STAGE $6.2M - Series B Liva Healthcare (2015, Copenhagen, $38.1M) Provider of chronic care management solution for patients and healthcare professionals EARLY STAGE $7.2M - Series A Oncorena (2011, Gothenburg, $10.0M) Developer of a novel natural treatment for patients with metastatic kidney cancer Healthcap, Linc, Fåhraeus Startup and Growth Fund EARLY STAGE $13.0M - Series B Volumental (2012, Stockholm, $17.7M) Provider of AI-based 3D foot scanning solutions CNI, Backstage Invest, EARLY STAGE $16.9M - Series B Blue World Technologies (2018, Aalborg, $25.8M) Developer of methanol based fuel cell Growth Fund, DEUTZ EARLY STAGE $20.0M - Series A ITBMed (2016, Stockholm, $87.0M) Developer of monoclonal antibodies to prevent transplant rejections 3E Bioventures Capital, Yonjin Capital, Binhai Venture Capital Investment Management EARLY STAGE $24.0M - Series B Candela (1994, Lidingo, $24.0M) Manufacturer of electric hydrofoils EQT Ventures, Chris Anderson EARLY STAGE $27.0M - Series A MAJORITY (2019, Stockholm, $46.0M) App-based debit cards for migrants Valar Ventures, Avid Ventures, Heartcore Capital
  • 7. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (3/4) List of Funding Rounds in Nordics Tech in December 2021 Nordics Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 7 EARLY STAGE $28.2M - Series B Oddlygood (2021, Helsinki, $28.2M) Platform offering plant-based dairy products EARLY STAGE Series A Imerso (2014, Oslo, $2.0M) Provider of a cloud-based 3D scanning app for the construction industry Nemetschek Group EARLY STAGE Series A Promon (2006, Oslo) App wrapping & RASP based mobile app security Trifork, GRO Capital, Kirk Kapital SEED STAGE $319.0K - Seed MyMonii (2015, Copenhagen, $1.4M) App-based expense management platform for children SEED STAGE $563.4K - Seed SYKE Tribe (2014, Lempaala, $563.4K) Provider of software for fitness trainers and trainees Nostetta Ventures SEED STAGE $744.6K - Seed Vignita (2017, Arnes, $744.6K) Online platform providing social learning solutions North Venture Partners, , Link Capital, Penny Venture, Eleven Ventures SEED STAGE $1.3M - Seed Gamifiera (2019, Sollentuna, $1.3M) Platform offering gamified loyalty program for online and omni channel retailers , SEED STAGE $1.4M - Seed PainDrainer (2018, Lund, $1.4M) App for chronic pain management Almi Invest SEED STAGE $1.7M - Seed Campanyon (2020, Oslo, $1.7M) Online campsite accommodation booking platform Schibsted Media Group SEED STAGE $2.0M - Seed NinaData (2021, Helsinki, $2.0M) Provider of privacy based contextual data and advertising solutions SEED STAGE $2.3M - Seed PLAIO (2021, Reykjavik, $2.3M) Provider of supply chain management solutions for pharmaceutical industries Frumtak Ventures
  • 8. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (4/4) List of Funding Rounds in Nordics Tech in December 2021 Nordics Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 8 SEED STAGE $3.0M - Seed Lift (2015, Copenhagen, $3.1M) Cloud and AI based B2B client risk management software provider Seed Capital SEED STAGE $4.3M - Seed Favro (2016, Uppsala, $4.3M) Project planning and management tool Practica Capital, Scale Capital, Creandum, Inbox Capital SEED STAGE $5.0M - Seed Dynasty Studios (2021, Copenhagen, $5.0M) Developer of PC and console-based games on blockchain technology Framework Ventures, , Dapper Labs, CoinFund, Timo Schlaefer, and 1 more SEED STAGE Seed Plick (2013, Uppsala) Mobile based second hand fashion marketplace Schibsted Media Group SEED STAGE Seed Evolar (2019, Uppsala) Provider of perovskite-based solar panels Magnora
  • 9. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. New Investors (1/2) List of New Investors in Nordics Tech in December 2021 Nordics Tech: List of New Investors 9 Investor Company Info Round Amount Round Name Dapper Labs 16 portfolio companies | Blockchain-based games developer Dynasty Studios Developer of PC and console-based games on blockchain technology $5.00M Seed Eleven Ventures 61 portfolio companies | VC investing in early stage startups Vignita Online platform providing social learning solutions $745K Seed LUN Partners Group 12 portfolio companies | Venture capital firm focused on tech startups Tradeshift Cloud-based SaaS invoice management solutions for businesses $200M Series F Axia8 11 portfolio companies | Blockchain focused investment firm Nitro NFT-based trading platform for digital games $5.00M Series A Skyman Ventures 3 portfolio companies | Skyman Ventures – Sensible investments in modern-day assets. Nitro NFT-based trading platform for digital games $5.00M Series A CoinFund 50 portfolio companies | Slack Community Focused on Cryptocurrency Research and Trading Dynasty Studios Developer of PC and console-based games on blockchain technology $5.00M Seed Infinity Ventures Crypto 8 portfolio companies | Blockchain focused investment firm Nitro NFT-based trading platform for digital games $5.00M Series A Double Peak 16 portfolio companies | Single family office investing in multiple sectors Nitro NFT-based trading platform for digital games $5.00M Series A Flat Capital 3 portfolio companies | Venture capital firm focused on early stage companies KRY Provider of tele-consultation platform for patients Undisclosed Series D 3E Bioventures Capital 28 portfolio companies | Tech & Life Science focused early & growth stage VC firm investing in the US & China ITBMed Developer of monoclonal antibodies to prevent transplant rejections $20.00M Series A
  • 10. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. New Investors (2/2) List of New Investors in Nordics Tech in December 2021 Nordics Tech: List of New Investors 10 Investor Company Info Round Amount Round Name Nemetschek Group 3 portfolio companies | SaaS-driven building information modeling software for AEC professionals Imerso Provider of a cloud-based 3D scanning app for the construction industry Undisclosed Series A Fuel Capital 76 portfolio companies | Tech focused early stage VC firm investing in the US Tradeshift Cloud-based SaaS invoice management solutions for businesses $200M Series F Extra Watts 1 portfolio companies | Venture capital firm focused on blockchain technology Nitro NFT-based trading platform for digital games $5.00M Series A webhallen.com 1 portfolio companies | Webhallen.com Gamifiera Platform offering gamified loyalty program for online and omni channel retailers $1.30M Seed North Venture Partners 1 portfolio companies | Sector agnostic startup incubator Vignita Online platform providing social learning solutions $745K Seed Framework Ventures 27 portfolio companies | Venture capital firm investing in tech sectors Dynasty Studios Developer of PC and console-based games on blockchain technology $5.00M Seed quiqholding.vdtrxn 1 portfolio companies | Gamifiera Platform offering gamified loyalty program for online and omni channel retailers $1.30M Seed Private Shares Fund 5 portfolio companies | Provider of funding services Tradeshift Cloud-based SaaS invoice management solutions for businesses $200M Series F abanicoinvest.vdtrxn 1 portfolio companies | Volumental Provider of AI-based 3D foot scanning solutions $13.00M Series B DEUTZ 1 portfolio companies | Manufacturer and supplier of drive systems Blue World Technologies Developer of methanol based fuel cell $16.92M Series B
  • 11. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Top Funded Business Models - last 1 year * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year. 11 Rank Business Model $ Funding # Rounds Top Funding Round 1 ▲1 Lithium Ion Batteries $2.8B 1 Northvolt | $2.8B | Unattributed 2 ▼-1 Internet First Point of Sale Financing $1.7B 4 Klarna | $1.0B | Series H 3 -- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed 4 ▲4 Food Ordering Platforms $536M 1 Wolt | $536M | Series E 5 ▲143 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D 6 ▲8 Web Based Platform for Doctor Consultation $419M 5 KRY | $317M | Series D 7 ▼-4 B2B E-Commerce > Technology Enablers > E Commerce Software Suite $400M 2 Tradeshift | $200M | Series F 8 ▼-4 Accounts Payable and Receivable Management $400M 2 Tradeshift | $200M | Series F 9 -- Corporate Travel Expense Management $355M 3 Pleo | $200M | Series C 10 -- Corporate Travel & Expense Cards $355M 3 Pleo | $200M | Series C
  • 12. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (1/3) Interesting Companies identified by Analysts in Nordics Tech in December 2021 Nordics Tech: Analyst Picks 12 Upgraded to UNICORN Voi (2018, Stockholm, $2.4M, Seed) App-based platform offering electric-kick scooter rental services 75 & Sunny, LocalGlobe, ICT Capital and 30 other Investors Upgraded to SOONICORN Enfuce (2016, Espoo, $50.9M, Series C) Open banking API solutions Nordea, Maki.vc, Tencent and 3 other Investors Upgraded to SOONICORN MAJORITY (2019, Stockholm, $19.0M, Seed) App-based debit cards for migrants Avid Ventures,Valar Ventures,Heartcore Capitaland Upgraded to SOONICORN Novelda (2004, Oslo, $15.0M, Series B) Provider of sensors to detect human presence Investinor,Alliance Ventureand Upgraded to SOONICORN ITBMed (2016, Stockholm, $67.0M, Angel) Developer of monoclonal antibodies to prevent transplant rejections Yonjin Capital, Binhai Venture Capital Investment Management, 3E Bioventures Capital and 1 other Investors Upgraded to MINICORN Loupedeck (2016, Helsinki, $2.4M, Seed) Internet first brand offering editing controllers Founders' Edge,zVentures,Play Venturesand Upgraded to MINICORN Favro (2016, Uppsala, $4.3M, Seed) Project planning and management tool Hasso Plattner Ventures, Inbox Capital, Practica Capital and 2 other Investors Upgraded to MINICORN Lift (2015, Copenhagen, $69.6K, Seed) Cloud and AI based B2B client risk management software provider Claus Clausen,Seed Capitaland Upgraded to MINICORN Oddlygood (2021, Helsinki, $28.2M, Series B) Platform offering plant-based dairy products
  • 13. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (2/3) Interesting Companies identified by Analysts in Nordics Tech in December 2021 Nordics Tech: Analyst Picks 13 Added to Editor's Pick Oddz (2020, , $2.6M, Seed) Decentralized trading platform for cryptocurrencies and options EX Networks, Chandresh Aharwar, AU21 Capital and 17 other Investors Added to Editor's Pick All Ears (2018, Stockholm, $532K, Seed) Media monitoring solution Mattias Weinhandl, Maths Olsson, Solang and 5 other Investors Added to Editor's Pick Raffle (2018, Copenhagen, $151K, Seed) AI-based platform for knowledge management Growth Fund,Claus Troels Hansenand Added to Editor's Pick Dynasty Studios (2021, Copenhagen, $5.0M, Seed) Developer of PC and console-based games on blockchain technology Framework Ventures, , Stefano Schiavi and 3 other Investors Added to Editor's Pick Kavall (2021, Stockholm, $5.8M, Series A) Online platform offering multi-category grocery supplies Samir Bachkani, Inbox Capital, Fredrik Jung-Abbou and 1 other Investors Added to Editor's Pick Sensebit (2007, Stockholm, Undisclosed, Seed) Provider of a web-based traffic analytics platform Uppsala Innovation Centre,NEA Partnersand Added to Editor's Pick Aldin (2013, Reykjavik, $1.0M, Seed) Virtual reality software development company Investa,Crowberry Capitaland Added to Editor's Pick Adnami (2018, Copenhagen, Undisclosed, Grant (prize money)) Provider of end to end campaign management platform for advertisers and publishers Innovationsfondenand Added to Editor's Pick Tillit Forsikring (2017, Oslo, $120K, Seed) Online mobile insurance platform for individuals TheFactory,Schibsted Growthand Added to Editor's Pick Tractr (2019, Helsinki, $2.0M, Seed) Provider of tools to manage shared spaces Lifeline Ventures,Reaktor Ventures,Haltonand Added to Editor's Pick Hejmo (2018, Malmo, $2.9M, Seed) Online platform for residential mortgage loans Spiltanand Added to Editor's Pick Parallelo (2019, Oslo, $650K, Seed) Online digital tool for designing 3D floor plans ARCTECH, TheFactory, and 1 other Investors
  • 14. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (3/3) Interesting Companies identified by Analysts in Nordics Tech in December 2021 Nordics Tech: Analyst Picks 14 Added to Editor's Pick Balancer (2019, Unfunded) Portfolio management platform for cryptocurrency TrustVCand Added to Editor's Pick Appear (2004, Oslo, Unfunded) Provider of software solutions for media delivery Added to Editor's Pick School Day (2017, Helsinki, Unfunded) Provider of AI and SaaS-driven student wellbeing management solutions for schools Added to Editor's Pick Scaleout (2015, Uppsala, Unfunded) Provider of cloud and AI-based federated learning solutions for training models Added to Editor's Pick Yeply (2016, Espoo, Unfunded) Provider of wheel maintenance services Added to Editor's Pick Adress (2020, Oslo, Unfunded) Online platform for downpayment financing TheFactoryand Added to Editor's Pick SweepBank (2020, Helsinki, Unfunded) Digital bank for individuals Added to Editor's Pick Faundit (2016, Aarhus, Unfunded) Provider of web-based lost & found management software Added to Editor's Pick JabberBrain (2016, Stockholm, Unfunded) Provider of a conversational AI development platform for enterprises Added to Editor's Pick Airflight (2019, Unfunded) Manufacturer of a payload UAV system for industrial hoisting
  • 15. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. IPO Date Company IPO Mcap Exchange Ticker 09 Dec 2021 Tobii Dynavox (1983, Danderyd, ) Provider of assistive communication solution for differently abled people via eye tracking $ NASDAQ OMX:TDVOX IPOs List of IPOs in Nordics Tech in December 2021 Nordics Tech: IPOs 15
  • 16. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Acquisitions (1/2) List of Acquisitions in Nordics Tech in December 2021 Nordics Tech: Acquisitions 16 Acq. Date Company Acquirer Deal Size 01 Dec 2021 Elk Studios(2012, Stockholm, $3.0M) Mobile games developer Scientific Games 03 Dec 2021 Bank Norwegian(2009, Oslo, $36.1M) Digital bank for individuals Nordax Bank $2156.1M 07 Dec 2021 MyProduction(2016, Oslo) Cloud-based production management software solutions ECi Solutions 09 Dec 2021 24Storage(2015, Stockholm, $10.1M) Self storage service provider Nuveen 13 Dec 2021 Medinet(2007, Stockholm) Digital scheduling tool for healthcare professionals Visma 13 Dec 2021 Team Singularity(2016, Copenhagen, $0.4M) Esports player organization platform Abelco Investment Group 14 Dec 2021 Nightwatch.js(2014, Oslo) Node.js based testing solution for browser based apps and websites BrowserStack 14 Dec 2021 Acubiz(1997, Copenhagen, $100.8M) Cloud-based expense management solutions for businesses Visma 15 Dec 2021 Green Tile Digital(2020, Skovde) Developer of PC and console-based horror games Amplifier Game Invest 15 Dec 2021 Smart Eye(1999, Gothenburg, $3.9M) Provider of AI-enabled eye tracking systems and software GrandVision
  • 17. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Acquisitions (2/2) List of Acquisitions in Nordics Tech in December 2021 Nordics Tech: Acquisitions 17 Acq. Date Company Acquirer Deal Size 16 Dec 2021 Mita(1969, Rodkaersbro) Wind power management and control Emerson 20 Dec 2021 Euroflorist(1982, Malmon) Online platform to buy from local florists Magnus Silfverberg 21 Dec 2021 atNorth(2010, Hafnarfjörður) Cloud-based AI and HPC cluster infrastructure solutions Partners Group 22 Dec 2021 Hillava(2021, Jyvaskyla) Platform offering ERP software for businesses Admicom 23 Dec 2021 SokoPro(1993, Espoo) Cloud based risk management solutions for the construction industry iBinder 30 Dec 2022 Jaramba(2015, Stockholm) Online resources for children Hej Albert $1.1M
  • 18. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Recent News (1/2) Recent News in Nordics Tech in December 2021 Nordics Tech:News 18 Exit News . ● Spotify Announces Acquisition of Audiobook Leader Findaway IndianWeb2 . ● Organon to acquire Finland pharma company with novel treatment for endometriosis in its pipeline NJ . ● Spotify's latest acquisition helps turn radio shows into podcasts Engadget . ● 8x8 to buy Fuze for US$250m CRN Australia . ● Advent, GIC Drop $8B Bid For Swedish Drugmaker Sobi Law360 . ● Embracer buys board games publisher Asmodee in $3 billion deal The Star Online . ● Organon Completes Acquisition of Forendo Pharma Business Wire India . ● Open Banking Platform Tink Finalizes Acquisition of FinTecSystems Crowdfund Insider . People News . ● Eutelsat appoints a Danish CEO – Eva Berneke Electronics Weekly . ● Strong growth at Ultimate as top-rated virtual agent platform celebrates fifth ● Panostaja Oyj appointment news: Mika Yletyinen appointed President and CEO of Oscar Software GlobeNewswire . ● Azets strengthens tax practice in the Midlands East Midlands Business Link . ● Disney takes new general counsel from Spotify Telecompaper . ● Trustly’s Chairman Johan Tjärnberg Named CEO PYMNTS.com . ● IAR Systems appoints new CEO European Business Press . Company News . ● LEO Pharma announces that the FDA has approved Adbry™ (tralokinumab) as the first and only therapeutic drug sp... Business Wire . ● Klarna launches in Portugal with ‘Pay in 3’ BNPL option Electronic Payments International . ● Viaplay launches in US on Dec 15 Advanced Television . ● Sedana Medical receives IND approval for US trial PR Newswire
  • 19. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Recent News (2/2) Recent News in Nordics Tech in December 2021 Nordics Tech:News 19 ● FDA grants Calliditas Therapeutics Accelerated Approval of TARPEYO™ (budesonide) to Reduce Proteinuria in IgA ... PR Newswire . Regulatory News . ● DNB not allowed to acquire Sbankenpoandpo.com . ● Watchdog to look at conveyancing services firm deal Insider Media
  • 20. Nordics Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Explore more on Tracxn Explore more about Nordics Tech on Tracxn Platform Nordics Tech: Explore more on Tracxn Platform 20 Companies Recent Companies Covered Funded Companies Editor's Pick Soonicorn Club SaaS Companies in Nordics AI Companies in Nordics Fintech Companies Nordics Consumer Digital in Nordics Company Due Diligence Detailed profile of Tradeshift Competitors of Neo4j Cap Tables of KRY Investment Activity Recent Investments Investment Trend of last 10 years Mega Investments Rounds Investors Most Active Investors Most Active Angel Investors Unicorn Investors Exits IPO'd Companies Recent Acquisitions Most Active Acquirers Recent Acquihires News & Events Recent News News on People News on Unicorns Upcoming Events Library Recent Reports Tracxn Blog Global Sector Landscape
  • 21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com