What you need to know about the Nordic investment market in January 2021.

We are wrapping up the books with the startup deals from the Nordics for the month of January 2021.

It was an average month, 20% fewer deals than in January 2020, with most of the dealflow (50%) concentrated in $1-10M transactions.

Finland's Wolt raising half a billion dollars eclipsed by far all other transactions, even though there's notably other interesting later stage deals worth looking into - Budbee, TGTG or Lub Foods.

As it has been the case for the past 4 years or so, we have prepared the essential numbers showing the big picture of what went on in the Nordic market:

Overall

• 86 deals | $1.3bn | 16 with undisclosed value

versus

• 103 deals | $639M | 31 with undisclosed value (January 2020)

Startups

• < $500k: 6 deals | $1.7M
• $500k-1M: 5 deals | $4M
• $1-5M: 31 deals | $71M
• $5-10M: 11 deals | $76M
• $10-20M: 6 deals | $91M
• $20-50M: 7 deals | $180M
• $50M+: 4 deals | $828M
• n/a: 16 deals

Verticals

• software: 45 deals | $287M
• mobile apps: 23 deals | $612M
• manufacturing: 19 deals | $132M
• financial services: 17 deals | $106M
• health services: 13 deals | $60M
• marketplaces: 12 deals | $639M

Investors

• 221 active investors
• 66 VC companies
• 82 angel investors
• 73 other types

Cities

• Stockholm 25 deals
• Copenhagen 11 deals
• Oslo 9 deals
• Helsinki 7 deals
• Gothenburg 6 deals

We also produced reports digging deeper into the data.

• The largest 15 Nordic deals from January 2021
• The list with the most active investors in January 2021 - VCs and angel investors

The reports are FREE to read but you need to login to access them.

Read also

• The top 60 most active investors in Sweden in 2020
• The most active Nordic VCs in 2020
• Who are the investors backing Nordic fintech startups
• Who are the fintech unicorn wannabes from the Nordics