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TRACXN MONTHLY REPORT
SEPTEMBER 2021
NORDICS TECH
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
2
Nordics Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 10
Top Funded Business Models - last 1 year 12
New Analyst Picks 13
IPOs 17
Acquisitions 18
Recent News 20
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Nordics Tech Snapshot – September 2021
Nordics Tech: Snapshot – September 2021
Note : "Investors" refers to "Institutional Investors" only
3
$386M
23 1
Overall Geo Stats
20
19
82
33
41
Funding Rounds $ Invested Analyst Picks
CAKE Upgraded to
SOONICORN
New Investors
Kearney
2050do
Series A+ rounds Active Investors IPOs
Sectra
Acquisitions
Oceanbolt#@
Reworks#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(14 Rounds, $255M)
Oslo
(5 Rounds, $50.5M)
Copenhagen
(5 Rounds, $30.1M)
Tampere
(4 Rounds, $14.5M)
$46M - Series B
CAKE (2016, Stockholm, $60M)
$45M - Series B
Hedvig (2016, Stockholm, $68M)
$45M - Series B
Billogram (2011, Stockholm, $53.6M)
$43.7M - Series B
Volta Trucks (2019, Stockholm, $63.7M)
Growth Fund
(3 Investments)
CommerzVentures
(3 Investments)
Y Combinator
(2 Investments)
Rockstart
(2 Investments)
Electric Vehicles
CAKE
Finance & Accounting Tech
Billogram
Payments
Internet First Insurance
Platforms
Hedvig
Market Size
Companies Covered 15,538
Funded Companies 5,450
Total Funding $45.9B
Funding in last 12 months $13.9B
Top Exits
IPOs 284
Acquisitions 1,192
Company Stage
Unicorns 9
Soonicorns 79
Minicorns 457
Editor Picks 1,912
Series A+ 1,225
Series C+ 239
Acqui-Hires 5
Deadpooled 965
Top Cities
Stockholm (1,185 Rounds, $17.0B)
Copenhagen (1,158 Rounds, $12.1B)
Top Investors
Almi Invest (275 Investments)
Accelerace (154 Investments)
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Nordics Tech as of September 2021
Nordics Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (September 2021)*
CAKE
(2016, Stockholm, $60.0M)
$46.0M - Series B AMF
Billogram
(2011, Stockholm, $53.6M)
$45.0M - Series B Partech Partners
Hedvig
(2016, Stockholm, $68.0M)
$45.0M - Series B Cherry Ventures
Volta Trucks
(2019, Stockholm, $63.7M)
$43.7M - Series B Luxor Capital Group
Neat
(2019, Oslo, $41.0M)
$30.0M - Series A Zoom
Corti
(2016, Copenhagen, $34.0M)
$27.0M - Series A Growth Fund
Doconomy
(2018, Stockholm, $24.0M)
$17.0M - Series B CommerzVentures
Tracklib
(2014, Stockholm, $23.2M)
$16.8M - Series B Sony Innovation Fund
Stravito
(2017, Stockholm, $23.8M)
$14.7M - Series A Endeit Capital
Wirepas
(2010, Tampere, $52.9M)
$11.8M - Series B Karma Ventures
ClimateView
(2017, Stockholm, $16.9M)
$11.7M - Series A CommerzVentures
*Shows only the lead Investors
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/5)
List of Funding Rounds in Nordics Tech in September 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
PE
Inspera (1999, Oslo)
Web-based assessment platform for K-12 and higher
education
CGE Partners
LATE STAGE
Series D
Visma (1996, Oslo, $198.1M)
Cloud based enterprise resource planning software
Norges Bank Investment Management, Aeternum
Capital, Vind, GIC, Intermediate Capital Group
EARLY STAGE
$1.9M - Series A
VentriJect (2018, Hellerup, $1.9M)
Provider of non-wearable device and app for
monitoring cardiorespiratory fitness
Investo Capital, Growth Fund
EARLY STAGE
$4.5M - Series A
Zevoy (2020, Espoo, $4.5M)
Cloud-based expense management & cards solution for
businesses
Brightly Ventures, Maki.vc
EARLY STAGE
$5.9M - Series A
Betolar (2013, Kannonkoski, $8.3M)
Provider of geopolymer-based low carbon construction
materials
Nidoco, Kiilto Ventures
EARLY STAGE
$9.6M - Series A
N2 Applied (2010, Oslo, $9.6M)
Provider of technology to produce nitrogen fertilizers
NorgesGruppen, Blue River Invest, Holta Invest, Carl
Hansson
EARLY STAGE
$10.1M - Series B
Anyfin (2017, Stockholm, $107.0M)
Online platform for debt consolidation loans
Augmentum, Global Founders Capital, EQT Ventures,
Accel, Northzone
EARLY STAGE
$11.0M - Series B
Spond (2003, Oslo, $17.0M)
Provider of a social activities planning and discovery
platform
Verdane
EARLY STAGE
$11.5M - Series A
YouCruit (2012, Skane, $20.5M)
Applicant tracking software for enterprises
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/5)
List of Funding Rounds in Nordics Tech in September 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
$11.7M - Series A
ClimateView (2017, Stockholm, $16.9M)
Provider of solutions for data intelligence for air
pollution
CommerzVentures, NordicNinja, Gaingels Syndicate,
Norrsken Foundation, 2050do
EARLY STAGE
$11.8M - Series B
Wirepas (2010, Tampere, $52.9M)
Provider of mesh protocol for IoT networking
Karma Ventures, Tesi
EARLY STAGE
$14.7M - Series A
Stravito (2017, Stockholm, $23.8M)
Cloud based platform offering knowledge management
and predictive analytics solutions
Endeit Capital, Creades, henQ, Inventure
EARLY STAGE
$16.8M - Series B
Tracklib (2014, Stockholm, $23.2M)
Online marketplace to discover, buy, and license tracks
Sony Innovation Fund, WndrCo, Baron Davis
EARLY STAGE
$17.0M - Series B
Doconomy (2018, Stockholm, $24.0M)
Digital bank for individuals
CommerzVentures, Mastercard, Wiklof Holding, Bank
of Åland
EARLY STAGE
$27.0M - Series A
Corti (2016, Copenhagen, $34.0M)
Developer of a diagnostic aid for emergency medical
dispatchers using speech recognition technology
Growth Fund, Chr. Augustinus Fabrikker, Byfounders,
Idinvest Partners, Heartcore Capital
EARLY STAGE
$30.0M - Series A
Neat (2019, Oslo, $41.0M)
Private label brand of audio & video systems
Zoom
EARLY STAGE
$43.7M - Series B
Volta Trucks (2019, Stockholm, $63.7M)
Developer of electric trucks
Luxor Capital Group, Proterra, Agility Partners
EARLY STAGE
$45.0M - Series B
Hedvig (2016, Stockholm, $68.0M)
App-based platform for home insurance
Obvious Ventures, nineyardsequity, CommerzVentures,
Novax, Cherry Ventures, and 4 more
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (3/5)
List of Funding Rounds in Nordics Tech in September 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
$45.0M - Series B
Billogram (2011, Stockholm, $53.6M)
Invoicing and payment management software for small
businesses
Partech Partners
EARLY STAGE
$46.0M - Series B
CAKE (2016, Stockholm, $60.0M)
Manufacturer of off-road electric motorbikes
AMF, Creandum, Headline
EARLY STAGE
Series A
Qred (2015, Stockholm)
Online platform for business loans
Nordic Capital
EARLY STAGE
Series A
Tosibox (2011, Oulu, $2.6M)
Provider of network and device security solutions for
IoT applications
Nexit Ventures, 3TS Capital Partners
EARLY STAGE
Series B
Forciot (2015, Tampere, $4.6M)
Provider of IoT-based flexible pressure sensor
components for multiple industries
Gentherm
SEED STAGE
$125.0K - Seed
Zoios (2021, Copenhagen, $125.0K)
Employee experience management and survey
platform
Y Combinator
SEED STAGE
$125.0K - Seed
GamerPay (2020, Copenhagen, $247.8K)
Online marketplace for trading in-game assets
Y Combinator
SEED STAGE
$484.4K - Seed
Enerpoly (2018, Stockholm, $3.0M)
Manufacturer of zinc-ion batteries
SEED STAGE
$585.9K - Seed
Lunch.Co (2010, Stockholm, $585.9K)
Online marketplace for buying or selling home-cooked
lunches at work
, Antler, Rockstart
SEED STAGE
$589.9K - Seed
StemSight (2021, Tampere, $589.9K)
Developer of cell therapies for corneal blindness
Voima Ventures,
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (4/5)
List of Funding Rounds in Nordics Tech in September 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
$708.9K - Seed
Warpin media (2016, Stockholm, $708.9K)
Provider of VR-based training solutions
Katarina von Horn, Alexis Barnekow
SEED STAGE
$879.2K - Seed
Klimate (2020, Copenhagen, $990.5K)
Offering solutions to calculate and offset the carbon
footprint
The Footprint Firm, Rockstart, Growth Fund
SEED STAGE
$1.2M - Seed
Gigantic Duck (2019, Boras, $1.2M)
Video game developer focusing on casual games
Chiffonjén
SEED STAGE
$1.2M - Seed
Book Salon (2016, Lahti, $1.2M)
Provider of SaaS-based software suite solutions for
salons
SEED STAGE
$1.5M - Seed
Penneo (2012, Soborg, $1.7M)
E-signature solutions for various industries
SEED STAGE
$2.0M - Seed
Responsibly (2021, Copenhagen, $2.7M)
Artificial intelligence based supplier data platform for
the supply chain industry
Flash Ventures, Pirate, Michael Wax
SEED STAGE
$2.0M - Seed
Aurora (2018, Espoo, $2.0M)
Manufacturer of propulsion systems for satellites
Practica Capital, Tesi, The Flying Object
SEED STAGE
$2.1M - Seed
Collo (2017, Tampere, $2.1M)
Provider of environmental footprint manufacturing
systems
Scale Capital, Maki.vc, Business Finland, Thomas
Kvorning, Niko Mokkila
SEED STAGE
$2.5M - Seed
Unleash (2015, Fornebu, $2.5M)
Cloud based feature management solutions provider
Firstminute Capital, Frontline Ventures, Marten
Mickos, Nicolas Dessaigne
SEED STAGE
$3.0M - Seed
Inex One (2017, Stockholm, $3.0M)
Expert network marketplace platform
Kearney, McKinsey & Company, Triton, Curitas
Ventures, Advent International, and 4 more
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (5/5)
List of Funding Rounds in Nordics Tech in September 2021
Nordics Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
9
SEED STAGE
$3.5M - Seed
Zero Point Technologies (2015, Gothenburg,
$4.7M)
Provider of IP core solutions for memory compression
Industrifonden
SEED STAGE
Seed
Lilmix (2018, Gothenburg)
Esports player organization
RightBridge Ventures
SEED STAGE
Seed
Leagues.gg (2017, Koge)
Online esports gaming platform and esports league
organizer
Accelerace
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Nordics Tech in September 2021
Nordics Tech: List of New Investors
10
Investor Company Info Round Amount Round Name
Kearney
1 portfolio companies | Provider of management consulting services
Inex One
Expert network marketplace platform
$3.00M Seed
2050do
2 portfolio companies | Investment management firm
ClimateView
Provider of solutions for data intelligence for air pollution
$11.68M Series A
Bank of Åland
1 portfolio companies | Commercial bank and fund of funds focused on the
fintech sector
Doconomy
Digital bank for individuals
$17.00M Series B
RightBridge Ventures
2 portfolio companies | Venture capital focused on eSport & gaming industries
Lilmix
Esports player organization
Undisclosed Seed
Flash Ventures
4 portfolio companies | Micro-venture capital fund focused on pre-seed startups
Responsibly
Artificial intelligence based supplier data platform for the supply chain
industry
$2.00M Seed
Curitas Ventures
1 portfolio companies | Venture capital firm focused on technology, life science,
and sustainability sectors
Inex One
Expert network marketplace platform
$3.00M Seed
Advent International
96 portfolio companies | Private equity firm
Inex One
Expert network marketplace platform
$3.00M Seed
The Flying Object
6 portfolio companies | Tech-focused venture capital firm investing globally
Aurora
Manufacturer of propulsion systems for satellites
$2.00M Seed
Aeternum Capital
1 portfolio companies | Real estate fund focused on value-added strategy
Visma
Cloud based enterprise resource planning software
Undisclosed Series D
bigbets.vc
1 portfolio companies |
Book Salon
Provider of SaaS-based software suite solutions for salons
$1.17M Seed
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Nordics Tech in September 2021
Nordics Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
NorgesGruppen
1 portfolio companies | NorgesGruppen
N2 Applied
Provider of technology to produce nitrogen fertilizers
$9.59M Series A
Practica Capital
54 portfolio companies | Seed to growth VC firm funding companies in the
Baltics
Aurora
Manufacturer of propulsion systems for satellites
$2.00M Seed
Gaingels Syndicate
103 portfolio companies | Venture capital firm focused on tech and life sciences
companies
ClimateView
Provider of solutions for data intelligence for air pollution
$11.68M Series A
3TS Capital Partners
39 portfolio companies | Multi-stage tech focused VC and PE firm investing in
Europe and the US
Tosibox
Provider of network and device security solutions for IoT applications
Undisclosed Series A
Triton
4 portfolio companies | Private equity fund focused on multiple sectors
Inex One
Expert network marketplace platform
$3.00M Seed
Norges Bank Investment Management
1 portfolio companies | Sovereign Wealth Fund of Norway
Visma
Cloud based enterprise resource planning software
Undisclosed Series D
The Footprint Firm
1 portfolio companies |
Klimate
Offering solutions to calculate and offset the carbon footprint
$879K Seed
avohoidontutkimussaatio.fi
1 portfolio companies |
StemSight
Developer of cell therapies for corneal blindness
$590K Seed
Wiklof Holding
1 portfolio companies | Private equity fund and fund of funds focused on
multiple sectors
Doconomy
Digital bank for individuals
$17.00M Series B
Chiffonjén
2 portfolio companies | Late stage investments focused PE firm
Gigantic Duck
Video game developer focusing on casual games
$1.16M Seed
Nordics Tech - September 2021 Copyright © 2021, 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.
12
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 5 Klarna | $1.0B | Series H
3 -- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed
4 ▲6 Food Ordering Platforms $544M 2 Wolt | $536M | Series E
5 ▲134 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D
6 <> 0 Web Based Platform for Doctor Consultation $418M 4 KRY | $317M | Series D
7 ▲15 Drugs for Multiple Cancer Types $305M 6 IO Biotech | $155M | Series B
8 ▲32 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C
9 ▲159 Digital Twin Modelling Software $225M 2 Cognite | $150M | Series B
10 -- Oil and Gas Analytics Software $225M 2 Cognite | $150M | Series B
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/4)
Interesting Companies identified by Analysts in Nordics Tech in September 2021
Nordics Tech: Analyst Picks
13
Upgraded to SOONICORN
CAKE (2016, Stockholm, $46.0M, Series B)
Manufacturer of off-road electric motorbikes
Creandum, AMF, e.ventures and 4 other Investors
Upgraded to SOONICORN
Hedvig (2016, Stockholm, $10.4M, Series A)
App-based platform for home insurance
Cherry Ventures, Sven Hagströmer, Matthew Jones and
10 other Investors
Upgraded to MINICORN
Inex One (2017, Stockholm, $3.0M, Seed)
Expert network marketplace platform
Brad Brown, Oliver Wyman, Kearney and 6 other
Investors
Added to Editor's Pick
Symcel (2004, Stockholm, $6.3M, Series A)
Microcalorimeter for cell metabolism measurements
European Commission,Flerie Invest,Stingand
Added to Editor's Pick
Norbloc (2016, Stockholm, $1.6M, Seed)
Provider of KYC and AML software solutions
Digital Currency Group, F10, Venture Friends and 4
other Investors
Added to Editor's Pick
Freska (2015, Helsinki, $2.2M, Seed)
Marketplace for booking of on demand cleaning
services
Harald Aalvik, Lasse C. Smedsvig, Acton Capital
Partners and 4 other Investors
Added to Editor's Pick
BYON8 (2015, Stockholm, $460K, Seed)
AI-based medical diagnostic software
Luminar Ventures, Fredrik Olofsson, PeopleVentures
and 1 other Investors
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/4)
Interesting Companies identified by Analysts in Nordics Tech in September 2021
Nordics Tech: Analyst Picks
14
Added to Editor's Pick
Bon Games (2016, Tampere, $1.4M, Seed)
Mobile game development studio based out of Finland
Polkuni,Nurmiranta,Sisu Game Venturesand
Added to Editor's Pick
AeroGuest (2015, Aarhus, $291K, Seed)
Guest management solutions for hotels
Propagator, Michael Ritto, Nils Andersen and 2 other
Investors
Added to Editor's Pick
Recolor (2012, Helsinki, Unfunded)
Online coloring app for artists & art enthusiasts
Added to Editor's Pick
Qred (2015, Stockholm, Undisclosed, Series A)
Online platform for business loans
Nordic Capitaland
Added to Editor's Pick
Hygglo (2016, Stockholm, $890K, Seed)
Online P2P rental platform for consumer goods
Schibsted Growth,Norrsken Foundationand
Added to Editor's Pick
mScorecard (2003, Helsinki, Unfunded)
Provider of a scorecard-based app for golf
Added to Editor's Pick
Rivelin (2014, Copenhagen, $2.5M, Seed)
Drug delivery platform to deliver a pharmaceutical
drug uni-directional to a mucosal surface
Novo Holdings, Welfare Tech Invest, Sofinnova
Ventures and 1 other Investors
Added to Editor's Pick
Shopbox (2010, Copenhagen, $198K, Seed)
Provider of POS solution for businesses
Accelerace, Zenith, Michael Bendtsen and 1 other
Investors
Added to Editor's Pick
Insurely (2017, Stockholm, $603K, Seed)
App-based insurance management platform for
individuals and enterprises
Robert Chirico Willsted, Mikael Karlsson, Elias Jacobson
and 2 other Investors
Added to Editor's Pick
Holdsport (2003, Aarhus, Unfunded)
Provider of an app to organize sports events
Added to Editor's Pick
ClexBio (2020, Oslo, $1.0M, Grant (prize money))
Developer of microfluidic chip for laboratory purposes
The Research Council of Norway, Innovation Norway,
UK Research and Innovation and 1 other Investors
Added to Editor's Pick
Multigrid (2015, Stockholm, $1.4M, Seed)
Sustainable Data Center design, build and operating
services
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (3/4)
Interesting Companies identified by Analysts in Nordics Tech in September 2021
Nordics Tech: Analyst Picks
15
Added to Editor's Pick
Noccela (2014, Turku, $1.3M, Seed)
Cloud-based software solutions for security
management
Added to Editor's Pick
Plaace (2020, Oslo, $110K, Seed)
SaaS-driven rental management platform for tenants
and brokers
StartupLab, Helene Jebsen Anker, Antler and 1 other
Investors
Added to Editor's Pick
Zoles (2015, Espergaerde, $1.1M, Seed)
Internet-first brand of shoe insoles
PreSeed Ventures,Andreas Richard Mollerand
Added to Editor's Pick
Gigantic Duck (2019, Boras, $1.2M, Seed)
Video game developer focusing on casual games
Chiffonjénand
Added to Editor's Pick
Fellow Pay (2017, Copenhagen, $1.3K, Seed)
Online platform for invoice factoring
Village Capital,Christian Müllerand
Added to Editor's Pick
Book Salon (2016, Lahti, $1.2M, Seed)
Provider of SaaS-based software suite solutions for
salons
Added to Editor's Pick
Jobtip (1988, Gothenburg, Unfunded)
Talent recruitment management platform
Added to Editor's Pick
Mearto (2021, Copenhagen, Unfunded)
Online platform offering consignment-based antique
collectibles
Added to Editor's Pick
Handiplats (, Lund, Unfunded)
App-based platform offering parking space booking
services for disabled people
Added to Editor's Pick
Packoorang (2019, Oslo, Unfunded)
Online provider of reusable bags for the eCommerce
industry
Added to Editor's Pick
Dcipher Analytics (2018, Stockholm, Unfunded)
Cloud based unstructured data and text analytics
solution provider
Added to Editor's Pick
Weply (2020, Copenhagen, Unfunded)
Provider of customer support platform by crowd
sourced agents
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (4/4)
Interesting Companies identified by Analysts in Nordics Tech in September 2021
Nordics Tech: Analyst Picks
16
Added to Editor's Pick
Link Mobility (2001, Oslo, Unfunded)
Provider of SMS gateway API systems for enabling
customer communications
Added to Editor's Pick
ETM (1997, Bromma, Unfunded)
Provider of diversified IoT components
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
27 Sep 2021
Sectra (1978, Linkoping, )
Developer of imaging solutions for radiology, digital pathology, and
orthopedics
LON:0A0L
IPOs
List of IPOs in Nordics Tech in September 2021
Nordics Tech: IPOs
17
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions (1/2)
List of Acquisitions in Nordics Tech in September 2021
Nordics Tech: Acquisitions
18
Acq. Date Company Acquirer Deal Size
01 Sep 2021
Oceanbolt(2019, Oslo)
Provider of cloud-based software to provide marine tracking data
Veson Nautical
01 Sep 2021
Reworks(2018, Helsinki, $5.8M)
Independent Finnish game development company
Slotomania $400.0M
01 Sep 2021
Barium(1995, Gothenburg)
Cloud based platform offering software to build applications
InRule
01 Sep 2021
SerEnergy(2006, Aalborg)
Manufactures fuel cell and stack
Advent
02 Sep 2021
Syslore(2000, Helsinki)
Provider of address matching & recognition solutions for postal &
virtual mailing industries
Escher Group
02 Sep 2021
Swedish Orphan Biovitrum(1988, Stockholm)
Developer of therapies for rare diseases like Haemophilia,
Inflammation, and Genetic diseases
Advent International $8000.0M
07 Sep 2021
Aiia(2010, Copenhagen)
Open banking solutions
Mastercard
07 Sep 2021
Verne Global(2007, Keflavik, $125.0M)
High performance computing solutions and Data center
colocation services with data center in Iceland
Digital 9 Infrastructure
07 Sep 2021
Zervant(2010, Espoo, $22.0M)
Invoice management software for businesses
Ageras
08 Sep 2021
Appvestor(2017, Soborg)
Online fundraising platform for app publishers and app-based
startups
Calldorado
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions (2/2)
List of Acquisitions in Nordics Tech in September 2021
Nordics Tech: Acquisitions
19
Acq. Date Company Acquirer Deal Size
09 Sep 2021
Ugglo(2017, Stockholm, $0.4M)
Digital library of children books
ILT Education
13 Sep 2021
Moment(2011, Oslo)
Cloud-based project management software provider
Monterro
13 Sep 2021
Edge(2002, Stockholm)
HR management software for enterprises
Simployer
17 Sep 2021
Fleaty(2018, Solna)
SaaS-driven concrete dispatching solution for construction
professionals
Hesus
23 Sep 2021
GreenSteam(2006, Lyngby, $2.0M)
Provider of fuel efficiency solutions for commercial marine vessels
Lloyd's Register
24 Sep 2021
Prisguiden(1998, Oslo)
Online price tracking platform offering multi-category products
PriceRunner
27 Sep 2021
Most(2014, Stockholm)
Integrated solutions for real-time cargo tracking & montoring
Nexxiot
30 Sep 2021
Oddsen.nu(2001)
Online platform offering soccer betting tips
B90 Holdings $5.1M
30 Sep 2021
Safran(1997, Stavanger)
Risk analysis software solutions provider
JDM Technology Group
Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Nordics Tech in September 2021
Nordics Tech:News
20
Exit News
.
● PlayStation Studios Acquire The Persistence Studio Firesprite VRFocus
.
● Advent and Aurora Investment offers to buy Sweden’s SOBI in $8- bln deal
Financial Post
.
● UK’s Digital 9 Infrastructure acquires Verne Global for €269.1M Silicon Canals
.
● Bridgestone Completes Acquisition of Azuga Holdings Tire Review
.
● Euroclear: Completes acquisition of MFEX Group FinTechInShorts
.
● Mastercard agrees to buy Aiia to bolster its European open banking
technology Seeking Alpha
.
● Assa Abloy To Acquire Arran Isle Ltd In The Uk PR Newswire
.
● Sinch takes a leading position in interactive messaging services through the
acquisition of MessengerPeople GlobeNewswire
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People News
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● Truelayer appoints Klarna's Mariko Beising as head of payment partnerships
Finextra
● STL appoints former Ericsson Executive Paolo Colella to its Advisory Council
Adgully
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● Avacta Hires Oncology Drug Developer As Therapeutics Cso Morningstar
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● Celestia UK names Devlin as chief executive Daily Business
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● Precise Biometrics Begins Search for New CEO FindBiometrics
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● Cyclo Therapeutics names Lise Kjems as chief medical officer Seeking Alpha
.
Company News
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● Seagen and Genmab Announce FDA Accelerated Approval for TIVDAK™
(tisotumab vedotin-tftv) in Previously Treated...pipelinereview.com
.
● Opening new doors in the U.S., Internet Vikings launches iGaming hosting in
Colorado PR Newswire
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Tracxn - Monthly Report - Nordics Tech - Sep 2021

  • 2. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Contents 2 Nordics Tech Snapshot 3 Investment Snapshot 4 List of Funding Rounds 5 New Investors 10 Top Funded Business Models - last 1 year 12 New Analyst Picks 13 IPOs 17 Acquisitions 18 Recent News 20
  • 3. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech Snapshot – September 2021 Nordics Tech: Snapshot – September 2021 Note : "Investors" refers to "Institutional Investors" only 3 $386M 23 1 Overall Geo Stats 20 19 82 33 41 Funding Rounds $ Invested Analyst Picks CAKE Upgraded to SOONICORN New Investors Kearney 2050do Series A+ rounds Active Investors IPOs Sectra Acquisitions Oceanbolt#@ Reworks#@ Top Funding Rounds Top Markets Top Investors Top Cities Monthly Leader Board Stockholm (14 Rounds, $255M) Oslo (5 Rounds, $50.5M) Copenhagen (5 Rounds, $30.1M) Tampere (4 Rounds, $14.5M) $46M - Series B CAKE (2016, Stockholm, $60M) $45M - Series B Hedvig (2016, Stockholm, $68M) $45M - Series B Billogram (2011, Stockholm, $53.6M) $43.7M - Series B Volta Trucks (2019, Stockholm, $63.7M) Growth Fund (3 Investments) CommerzVentures (3 Investments) Y Combinator (2 Investments) Rockstart (2 Investments) Electric Vehicles CAKE Finance & Accounting Tech Billogram Payments Internet First Insurance Platforms Hedvig Market Size Companies Covered 15,538 Funded Companies 5,450 Total Funding $45.9B Funding in last 12 months $13.9B Top Exits IPOs 284 Acquisitions 1,192 Company Stage Unicorns 9 Soonicorns 79 Minicorns 457 Editor Picks 1,912 Series A+ 1,225 Series C+ 239 Acqui-Hires 5 Deadpooled 965 Top Cities Stockholm (1,185 Rounds, $17.0B) Copenhagen (1,158 Rounds, $12.1B) Top Investors Almi Invest (275 Investments) Accelerace (154 Investments)
  • 4. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Investment Snapshot Investment Snapshot of Nordics Tech as of September 2021 Nordics Tech: Investment Snapshot 4 # Rounds $ Funding Investment Trend Top Investments (September 2021)* CAKE (2016, Stockholm, $60.0M) $46.0M - Series B AMF Billogram (2011, Stockholm, $53.6M) $45.0M - Series B Partech Partners Hedvig (2016, Stockholm, $68.0M) $45.0M - Series B Cherry Ventures Volta Trucks (2019, Stockholm, $63.7M) $43.7M - Series B Luxor Capital Group Neat (2019, Oslo, $41.0M) $30.0M - Series A Zoom Corti (2016, Copenhagen, $34.0M) $27.0M - Series A Growth Fund Doconomy (2018, Stockholm, $24.0M) $17.0M - Series B CommerzVentures Tracklib (2014, Stockholm, $23.2M) $16.8M - Series B Sony Innovation Fund Stravito (2017, Stockholm, $23.8M) $14.7M - Series A Endeit Capital Wirepas (2010, Tampere, $52.9M) $11.8M - Series B Karma Ventures ClimateView (2017, Stockholm, $16.9M) $11.7M - Series A CommerzVentures *Shows only the lead Investors
  • 5. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (1/5) List of Funding Rounds in Nordics Tech in September 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 PE Inspera (1999, Oslo) Web-based assessment platform for K-12 and higher education CGE Partners LATE STAGE Series D Visma (1996, Oslo, $198.1M) Cloud based enterprise resource planning software Norges Bank Investment Management, Aeternum Capital, Vind, GIC, Intermediate Capital Group EARLY STAGE $1.9M - Series A VentriJect (2018, Hellerup, $1.9M) Provider of non-wearable device and app for monitoring cardiorespiratory fitness Investo Capital, Growth Fund EARLY STAGE $4.5M - Series A Zevoy (2020, Espoo, $4.5M) Cloud-based expense management & cards solution for businesses Brightly Ventures, Maki.vc EARLY STAGE $5.9M - Series A Betolar (2013, Kannonkoski, $8.3M) Provider of geopolymer-based low carbon construction materials Nidoco, Kiilto Ventures EARLY STAGE $9.6M - Series A N2 Applied (2010, Oslo, $9.6M) Provider of technology to produce nitrogen fertilizers NorgesGruppen, Blue River Invest, Holta Invest, Carl Hansson EARLY STAGE $10.1M - Series B Anyfin (2017, Stockholm, $107.0M) Online platform for debt consolidation loans Augmentum, Global Founders Capital, EQT Ventures, Accel, Northzone EARLY STAGE $11.0M - Series B Spond (2003, Oslo, $17.0M) Provider of a social activities planning and discovery platform Verdane EARLY STAGE $11.5M - Series A YouCruit (2012, Skane, $20.5M) Applicant tracking software for enterprises
  • 6. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (2/5) List of Funding Rounds in Nordics Tech in September 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 $11.7M - Series A ClimateView (2017, Stockholm, $16.9M) Provider of solutions for data intelligence for air pollution CommerzVentures, NordicNinja, Gaingels Syndicate, Norrsken Foundation, 2050do EARLY STAGE $11.8M - Series B Wirepas (2010, Tampere, $52.9M) Provider of mesh protocol for IoT networking Karma Ventures, Tesi EARLY STAGE $14.7M - Series A Stravito (2017, Stockholm, $23.8M) Cloud based platform offering knowledge management and predictive analytics solutions Endeit Capital, Creades, henQ, Inventure EARLY STAGE $16.8M - Series B Tracklib (2014, Stockholm, $23.2M) Online marketplace to discover, buy, and license tracks Sony Innovation Fund, WndrCo, Baron Davis EARLY STAGE $17.0M - Series B Doconomy (2018, Stockholm, $24.0M) Digital bank for individuals CommerzVentures, Mastercard, Wiklof Holding, Bank of Åland EARLY STAGE $27.0M - Series A Corti (2016, Copenhagen, $34.0M) Developer of a diagnostic aid for emergency medical dispatchers using speech recognition technology Growth Fund, Chr. Augustinus Fabrikker, Byfounders, Idinvest Partners, Heartcore Capital EARLY STAGE $30.0M - Series A Neat (2019, Oslo, $41.0M) Private label brand of audio & video systems Zoom EARLY STAGE $43.7M - Series B Volta Trucks (2019, Stockholm, $63.7M) Developer of electric trucks Luxor Capital Group, Proterra, Agility Partners EARLY STAGE $45.0M - Series B Hedvig (2016, Stockholm, $68.0M) App-based platform for home insurance Obvious Ventures, nineyardsequity, CommerzVentures, Novax, Cherry Ventures, and 4 more
  • 7. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (3/5) List of Funding Rounds in Nordics Tech in September 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 $45.0M - Series B Billogram (2011, Stockholm, $53.6M) Invoicing and payment management software for small businesses Partech Partners EARLY STAGE $46.0M - Series B CAKE (2016, Stockholm, $60.0M) Manufacturer of off-road electric motorbikes AMF, Creandum, Headline EARLY STAGE Series A Qred (2015, Stockholm) Online platform for business loans Nordic Capital EARLY STAGE Series A Tosibox (2011, Oulu, $2.6M) Provider of network and device security solutions for IoT applications Nexit Ventures, 3TS Capital Partners EARLY STAGE Series B Forciot (2015, Tampere, $4.6M) Provider of IoT-based flexible pressure sensor components for multiple industries Gentherm SEED STAGE $125.0K - Seed Zoios (2021, Copenhagen, $125.0K) Employee experience management and survey platform Y Combinator SEED STAGE $125.0K - Seed GamerPay (2020, Copenhagen, $247.8K) Online marketplace for trading in-game assets Y Combinator SEED STAGE $484.4K - Seed Enerpoly (2018, Stockholm, $3.0M) Manufacturer of zinc-ion batteries SEED STAGE $585.9K - Seed Lunch.Co (2010, Stockholm, $585.9K) Online marketplace for buying or selling home-cooked lunches at work , Antler, Rockstart SEED STAGE $589.9K - Seed StemSight (2021, Tampere, $589.9K) Developer of cell therapies for corneal blindness Voima Ventures,
  • 8. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (4/5) List of Funding Rounds in Nordics Tech in September 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 $708.9K - Seed Warpin media (2016, Stockholm, $708.9K) Provider of VR-based training solutions Katarina von Horn, Alexis Barnekow SEED STAGE $879.2K - Seed Klimate (2020, Copenhagen, $990.5K) Offering solutions to calculate and offset the carbon footprint The Footprint Firm, Rockstart, Growth Fund SEED STAGE $1.2M - Seed Gigantic Duck (2019, Boras, $1.2M) Video game developer focusing on casual games Chiffonjén SEED STAGE $1.2M - Seed Book Salon (2016, Lahti, $1.2M) Provider of SaaS-based software suite solutions for salons SEED STAGE $1.5M - Seed Penneo (2012, Soborg, $1.7M) E-signature solutions for various industries SEED STAGE $2.0M - Seed Responsibly (2021, Copenhagen, $2.7M) Artificial intelligence based supplier data platform for the supply chain industry Flash Ventures, Pirate, Michael Wax SEED STAGE $2.0M - Seed Aurora (2018, Espoo, $2.0M) Manufacturer of propulsion systems for satellites Practica Capital, Tesi, The Flying Object SEED STAGE $2.1M - Seed Collo (2017, Tampere, $2.1M) Provider of environmental footprint manufacturing systems Scale Capital, Maki.vc, Business Finland, Thomas Kvorning, Niko Mokkila SEED STAGE $2.5M - Seed Unleash (2015, Fornebu, $2.5M) Cloud based feature management solutions provider Firstminute Capital, Frontline Ventures, Marten Mickos, Nicolas Dessaigne SEED STAGE $3.0M - Seed Inex One (2017, Stockholm, $3.0M) Expert network marketplace platform Kearney, McKinsey & Company, Triton, Curitas Ventures, Advent International, and 4 more
  • 9. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds (5/5) List of Funding Rounds in Nordics Tech in September 2021 Nordics Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 9 SEED STAGE $3.5M - Seed Zero Point Technologies (2015, Gothenburg, $4.7M) Provider of IP core solutions for memory compression Industrifonden SEED STAGE Seed Lilmix (2018, Gothenburg) Esports player organization RightBridge Ventures SEED STAGE Seed Leagues.gg (2017, Koge) Online esports gaming platform and esports league organizer Accelerace
  • 10. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Investors (1/2) List of New Investors in Nordics Tech in September 2021 Nordics Tech: List of New Investors 10 Investor Company Info Round Amount Round Name Kearney 1 portfolio companies | Provider of management consulting services Inex One Expert network marketplace platform $3.00M Seed 2050do 2 portfolio companies | Investment management firm ClimateView Provider of solutions for data intelligence for air pollution $11.68M Series A Bank of Åland 1 portfolio companies | Commercial bank and fund of funds focused on the fintech sector Doconomy Digital bank for individuals $17.00M Series B RightBridge Ventures 2 portfolio companies | Venture capital focused on eSport & gaming industries Lilmix Esports player organization Undisclosed Seed Flash Ventures 4 portfolio companies | Micro-venture capital fund focused on pre-seed startups Responsibly Artificial intelligence based supplier data platform for the supply chain industry $2.00M Seed Curitas Ventures 1 portfolio companies | Venture capital firm focused on technology, life science, and sustainability sectors Inex One Expert network marketplace platform $3.00M Seed Advent International 96 portfolio companies | Private equity firm Inex One Expert network marketplace platform $3.00M Seed The Flying Object 6 portfolio companies | Tech-focused venture capital firm investing globally Aurora Manufacturer of propulsion systems for satellites $2.00M Seed Aeternum Capital 1 portfolio companies | Real estate fund focused on value-added strategy Visma Cloud based enterprise resource planning software Undisclosed Series D bigbets.vc 1 portfolio companies | Book Salon Provider of SaaS-based software suite solutions for salons $1.17M Seed
  • 11. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Investors (2/2) List of New Investors in Nordics Tech in September 2021 Nordics Tech: List of New Investors 11 Investor Company Info Round Amount Round Name NorgesGruppen 1 portfolio companies | NorgesGruppen N2 Applied Provider of technology to produce nitrogen fertilizers $9.59M Series A Practica Capital 54 portfolio companies | Seed to growth VC firm funding companies in the Baltics Aurora Manufacturer of propulsion systems for satellites $2.00M Seed Gaingels Syndicate 103 portfolio companies | Venture capital firm focused on tech and life sciences companies ClimateView Provider of solutions for data intelligence for air pollution $11.68M Series A 3TS Capital Partners 39 portfolio companies | Multi-stage tech focused VC and PE firm investing in Europe and the US Tosibox Provider of network and device security solutions for IoT applications Undisclosed Series A Triton 4 portfolio companies | Private equity fund focused on multiple sectors Inex One Expert network marketplace platform $3.00M Seed Norges Bank Investment Management 1 portfolio companies | Sovereign Wealth Fund of Norway Visma Cloud based enterprise resource planning software Undisclosed Series D The Footprint Firm 1 portfolio companies | Klimate Offering solutions to calculate and offset the carbon footprint $879K Seed avohoidontutkimussaatio.fi 1 portfolio companies | StemSight Developer of cell therapies for corneal blindness $590K Seed Wiklof Holding 1 portfolio companies | Private equity fund and fund of funds focused on multiple sectors Doconomy Digital bank for individuals $17.00M Series B Chiffonjén 2 portfolio companies | Late stage investments focused PE firm Gigantic Duck Video game developer focusing on casual games $1.16M Seed
  • 12. Nordics Tech - September 2021 Copyright © 2021, 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. 12 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 5 Klarna | $1.0B | Series H 3 -- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed 4 ▲6 Food Ordering Platforms $544M 2 Wolt | $536M | Series E 5 ▲134 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D 6 <> 0 Web Based Platform for Doctor Consultation $418M 4 KRY | $317M | Series D 7 ▲15 Drugs for Multiple Cancer Types $305M 6 IO Biotech | $155M | Series B 8 ▲32 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C 9 ▲159 Digital Twin Modelling Software $225M 2 Cognite | $150M | Series B 10 -- Oil and Gas Analytics Software $225M 2 Cognite | $150M | Series B
  • 13. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (1/4) Interesting Companies identified by Analysts in Nordics Tech in September 2021 Nordics Tech: Analyst Picks 13 Upgraded to SOONICORN CAKE (2016, Stockholm, $46.0M, Series B) Manufacturer of off-road electric motorbikes Creandum, AMF, e.ventures and 4 other Investors Upgraded to SOONICORN Hedvig (2016, Stockholm, $10.4M, Series A) App-based platform for home insurance Cherry Ventures, Sven Hagströmer, Matthew Jones and 10 other Investors Upgraded to MINICORN Inex One (2017, Stockholm, $3.0M, Seed) Expert network marketplace platform Brad Brown, Oliver Wyman, Kearney and 6 other Investors Added to Editor's Pick Symcel (2004, Stockholm, $6.3M, Series A) Microcalorimeter for cell metabolism measurements European Commission,Flerie Invest,Stingand Added to Editor's Pick Norbloc (2016, Stockholm, $1.6M, Seed) Provider of KYC and AML software solutions Digital Currency Group, F10, Venture Friends and 4 other Investors Added to Editor's Pick Freska (2015, Helsinki, $2.2M, Seed) Marketplace for booking of on demand cleaning services Harald Aalvik, Lasse C. Smedsvig, Acton Capital Partners and 4 other Investors Added to Editor's Pick BYON8 (2015, Stockholm, $460K, Seed) AI-based medical diagnostic software Luminar Ventures, Fredrik Olofsson, PeopleVentures and 1 other Investors
  • 14. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (2/4) Interesting Companies identified by Analysts in Nordics Tech in September 2021 Nordics Tech: Analyst Picks 14 Added to Editor's Pick Bon Games (2016, Tampere, $1.4M, Seed) Mobile game development studio based out of Finland Polkuni,Nurmiranta,Sisu Game Venturesand Added to Editor's Pick AeroGuest (2015, Aarhus, $291K, Seed) Guest management solutions for hotels Propagator, Michael Ritto, Nils Andersen and 2 other Investors Added to Editor's Pick Recolor (2012, Helsinki, Unfunded) Online coloring app for artists & art enthusiasts Added to Editor's Pick Qred (2015, Stockholm, Undisclosed, Series A) Online platform for business loans Nordic Capitaland Added to Editor's Pick Hygglo (2016, Stockholm, $890K, Seed) Online P2P rental platform for consumer goods Schibsted Growth,Norrsken Foundationand Added to Editor's Pick mScorecard (2003, Helsinki, Unfunded) Provider of a scorecard-based app for golf Added to Editor's Pick Rivelin (2014, Copenhagen, $2.5M, Seed) Drug delivery platform to deliver a pharmaceutical drug uni-directional to a mucosal surface Novo Holdings, Welfare Tech Invest, Sofinnova Ventures and 1 other Investors Added to Editor's Pick Shopbox (2010, Copenhagen, $198K, Seed) Provider of POS solution for businesses Accelerace, Zenith, Michael Bendtsen and 1 other Investors Added to Editor's Pick Insurely (2017, Stockholm, $603K, Seed) App-based insurance management platform for individuals and enterprises Robert Chirico Willsted, Mikael Karlsson, Elias Jacobson and 2 other Investors Added to Editor's Pick Holdsport (2003, Aarhus, Unfunded) Provider of an app to organize sports events Added to Editor's Pick ClexBio (2020, Oslo, $1.0M, Grant (prize money)) Developer of microfluidic chip for laboratory purposes The Research Council of Norway, Innovation Norway, UK Research and Innovation and 1 other Investors Added to Editor's Pick Multigrid (2015, Stockholm, $1.4M, Seed) Sustainable Data Center design, build and operating services
  • 15. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (3/4) Interesting Companies identified by Analysts in Nordics Tech in September 2021 Nordics Tech: Analyst Picks 15 Added to Editor's Pick Noccela (2014, Turku, $1.3M, Seed) Cloud-based software solutions for security management Added to Editor's Pick Plaace (2020, Oslo, $110K, Seed) SaaS-driven rental management platform for tenants and brokers StartupLab, Helene Jebsen Anker, Antler and 1 other Investors Added to Editor's Pick Zoles (2015, Espergaerde, $1.1M, Seed) Internet-first brand of shoe insoles PreSeed Ventures,Andreas Richard Mollerand Added to Editor's Pick Gigantic Duck (2019, Boras, $1.2M, Seed) Video game developer focusing on casual games Chiffonjénand Added to Editor's Pick Fellow Pay (2017, Copenhagen, $1.3K, Seed) Online platform for invoice factoring Village Capital,Christian Müllerand Added to Editor's Pick Book Salon (2016, Lahti, $1.2M, Seed) Provider of SaaS-based software suite solutions for salons Added to Editor's Pick Jobtip (1988, Gothenburg, Unfunded) Talent recruitment management platform Added to Editor's Pick Mearto (2021, Copenhagen, Unfunded) Online platform offering consignment-based antique collectibles Added to Editor's Pick Handiplats (, Lund, Unfunded) App-based platform offering parking space booking services for disabled people Added to Editor's Pick Packoorang (2019, Oslo, Unfunded) Online provider of reusable bags for the eCommerce industry Added to Editor's Pick Dcipher Analytics (2018, Stockholm, Unfunded) Cloud based unstructured data and text analytics solution provider Added to Editor's Pick Weply (2020, Copenhagen, Unfunded) Provider of customer support platform by crowd sourced agents
  • 16. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Analyst Picks (4/4) Interesting Companies identified by Analysts in Nordics Tech in September 2021 Nordics Tech: Analyst Picks 16 Added to Editor's Pick Link Mobility (2001, Oslo, Unfunded) Provider of SMS gateway API systems for enabling customer communications Added to Editor's Pick ETM (1997, Bromma, Unfunded) Provider of diversified IoT components
  • 17. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. IPO Date Company IPO Mcap Exchange Ticker 27 Sep 2021 Sectra (1978, Linkoping, ) Developer of imaging solutions for radiology, digital pathology, and orthopedics LON:0A0L IPOs List of IPOs in Nordics Tech in September 2021 Nordics Tech: IPOs 17
  • 18. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Acquisitions (1/2) List of Acquisitions in Nordics Tech in September 2021 Nordics Tech: Acquisitions 18 Acq. Date Company Acquirer Deal Size 01 Sep 2021 Oceanbolt(2019, Oslo) Provider of cloud-based software to provide marine tracking data Veson Nautical 01 Sep 2021 Reworks(2018, Helsinki, $5.8M) Independent Finnish game development company Slotomania $400.0M 01 Sep 2021 Barium(1995, Gothenburg) Cloud based platform offering software to build applications InRule 01 Sep 2021 SerEnergy(2006, Aalborg) Manufactures fuel cell and stack Advent 02 Sep 2021 Syslore(2000, Helsinki) Provider of address matching & recognition solutions for postal & virtual mailing industries Escher Group 02 Sep 2021 Swedish Orphan Biovitrum(1988, Stockholm) Developer of therapies for rare diseases like Haemophilia, Inflammation, and Genetic diseases Advent International $8000.0M 07 Sep 2021 Aiia(2010, Copenhagen) Open banking solutions Mastercard 07 Sep 2021 Verne Global(2007, Keflavik, $125.0M) High performance computing solutions and Data center colocation services with data center in Iceland Digital 9 Infrastructure 07 Sep 2021 Zervant(2010, Espoo, $22.0M) Invoice management software for businesses Ageras 08 Sep 2021 Appvestor(2017, Soborg) Online fundraising platform for app publishers and app-based startups Calldorado
  • 19. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Acquisitions (2/2) List of Acquisitions in Nordics Tech in September 2021 Nordics Tech: Acquisitions 19 Acq. Date Company Acquirer Deal Size 09 Sep 2021 Ugglo(2017, Stockholm, $0.4M) Digital library of children books ILT Education 13 Sep 2021 Moment(2011, Oslo) Cloud-based project management software provider Monterro 13 Sep 2021 Edge(2002, Stockholm) HR management software for enterprises Simployer 17 Sep 2021 Fleaty(2018, Solna) SaaS-driven concrete dispatching solution for construction professionals Hesus 23 Sep 2021 GreenSteam(2006, Lyngby, $2.0M) Provider of fuel efficiency solutions for commercial marine vessels Lloyd's Register 24 Sep 2021 Prisguiden(1998, Oslo) Online price tracking platform offering multi-category products PriceRunner 27 Sep 2021 Most(2014, Stockholm) Integrated solutions for real-time cargo tracking & montoring Nexxiot 30 Sep 2021 Oddsen.nu(2001) Online platform offering soccer betting tips B90 Holdings $5.1M 30 Sep 2021 Safran(1997, Stavanger) Risk analysis software solutions provider JDM Technology Group
  • 20. Nordics Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Recent News (1/2) Recent News in Nordics Tech in September 2021 Nordics Tech:News 20 Exit News . ● PlayStation Studios Acquire The Persistence Studio Firesprite VRFocus . ● Advent and Aurora Investment offers to buy Sweden’s SOBI in $8- bln deal Financial Post . ● UK’s Digital 9 Infrastructure acquires Verne Global for €269.1M Silicon Canals . ● Bridgestone Completes Acquisition of Azuga Holdings Tire Review . ● Euroclear: Completes acquisition of MFEX Group FinTechInShorts . ● Mastercard agrees to buy Aiia to bolster its European open banking technology Seeking Alpha . ● Assa Abloy To Acquire Arran Isle Ltd In The Uk PR Newswire . ● Sinch takes a leading position in interactive messaging services through the acquisition of MessengerPeople GlobeNewswire . People News . ● Truelayer appoints Klarna's Mariko Beising as head of payment partnerships Finextra ● STL appoints former Ericsson Executive Paolo Colella to its Advisory Council Adgully . ● Avacta Hires Oncology Drug Developer As Therapeutics Cso Morningstar . ● Celestia UK names Devlin as chief executive Daily Business . ● Precise Biometrics Begins Search for New CEO FindBiometrics . ● Cyclo Therapeutics names Lise Kjems as chief medical officer Seeking Alpha . Company News . ● Seagen and Genmab Announce FDA Accelerated Approval for TIVDAK™ (tisotumab vedotin-tftv) in Previously Treated...pipelinereview.com . ● Opening new doors in the U.S., Internet Vikings launches iGaming hosting in Colorado PR Newswire
  • 21. Nordics Tech - September 2021 Copyright © 2021, 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 21 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 LEO Pharma Cap Tables of Epidemic Sound 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
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