Largest 20 investment deals of the 2020 fall

13 November 2020 Euro Lists
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We're almost mid November and the pace of the business in the Nordics seems to become more calm. As we have about four more weeks until the holiday season kicks in and since we're in the middle of pandemic, we thought it is high time to have a quick look back and see what has happened in the Nordic startup ecosystem in the past 14 weeks, since our last retrospective.

As such, we produced a report profiling the 20 largest investment deals we tracked from August onwards.

You will notice that the list includes 7 deals each from Finland and Sweden, which is a bit unusual, given the fact that Sweden usually commands about half of the Scandinavian dealflow. In absolute dollar values though, Sweden attracted investments more than twice as much, with Klarna and Northvolt as main reasons.



Klarna announced raising $650 million in funding from a group led by private equity firm Silver Lake.

Klarna, founded in 2005 by CEO Sebastian Siemiatkowski, provides consumers with the ability to pay in installments across a variety of retailers.


Northvolt announced a $600 million private equity placement backed by Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Norrsken VC & PCS Holding.

Northvolt, founded in 2016 by CEO Peter Carlsson, build manufacturing facilities for supplying of sustainable, high-quality battery cells and systems.

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