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

18 February 2021 Insights
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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

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

 

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