The Nordics registered more $ investments in the first 8 weeks of 2018 than for entire Q1 of 2017.

The Nordics were off to a great start in the first 8 weeks of 2018, compared to 2017, in terms of the money spent on private investments.

Specifically, there was $455M capital invested in the first 8 weeks of 2018 as compared to $422M for the ENTIRE Q1 of 2017.

The number of deals, however, was way lower than in 2017, 89 versus 129.

We counted 30 deals with rounds totalling $1M and more in funding, out of which 17 were 10+ millions transactions.

Below you can find the list including the top $10M+ deals we accounted for the first 8 weeks of 2018 so far:

NA-KD (SWE) - $45M
Small Giant Games (FI) - $41M
Area 9 Lyceum (DK) - $30M
Arundo (NO) - $25M
Aprila (NO) - $21M
Oculis Pharma (ICE) - $20.3M
Vivino (DK) - $20M
CCT Marketing (NO) - $19M
Unacast (NO) - $17.5M
BehavioSec (SWE) - $17.5M
Templafy (DK) - $17.2M
TactoTek (FI) - $17M
Agrinos (NO) - $14.7M
Lendify (SWE) - $13.6M
Swarm64 (NO) - $12.5M
Northvolt (SWE) - $12.5M
G:Loot (SWE) - $12.2M

Also, 4 out 10 companies we anticipated that will raise money in this period, already did so. You can check the list here.

Note: we included Small Giant Games in the list even though most of the $41M was part of a secondary transaction for cashing out the founders and not equity added in the company. We think that SGG is a remarkable business, having reached $33M in less than a year with a single game title, and that it's on its way of becoming a solid business case for the Nordics.

The data is available here.

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