Nordic highlights from July 2018.
July in the Nordics is a holiday month, meaning everybody is gone and nobody is working, usually with deals announcements kept at minimum, probably only the ones with last minute details that still needed fine tuning before the summer. And so the numbers are accordingly.
- we had recorded 45 investment transactions in July, the lowest figure since 2015, when we had 35. Interestingly, the absolute value of investment for 2015 and 2018 are similar, about $180M for each.
- for more comparison context, in July of 2017 we had more deals at lower value - 69 transactions totalling $115M in value.
- almost a third of the July 2018 transactions (22) were higher $5M. 5 had undisclosed financial details.
- active institutional backers: the Danish State-owned SEED Capital and PreSEED Ventures, each with 4, and Makers Fund, a Hong Kong-based venture firm focusing on gaming startups, which funded FRVR and Klang Games. Tesi (owned by the Finnish government) Almi (owned by the Swedish government) and Investinor (owed by the Norwegian government) each announced two deals
All the data, tables and graphs available here.