Hedvig in a secondary deal backed by Nordic Secondary Fund.

Hedvig, a Stockholm, Sweden-based digital provider of insurance brokerage services, completed a secondary financial deal with the Danish investment company Nordic Secondary Fund.

Financial details were not disclosed.

Hedvig, founded in 2016 by John Ardelius, Fredrik Fors and CEO Lucas Carlsen, sells home and property insurance via a digital platform. The company launched its service in May 2018, received an insurance licence from the Swedish authorities and is in the proceess of becoming a licensed insurance company in the European Union. It provides insurance for more than 70,000 people in three markets and the majority of Hedvig's members are under 30 years old.

Hedvig is one of the fintech startups from the Nordics part the new wave of unicorn wannabes. It previously raised a total of roughly $70 million, with series B completed at $45 million led by the British from Anthemis in the second part of 2021 and series A closed at $9 million in 2020. Other investors include Cherry Ventures, Obvious Ventures, CommerzVentures, Novax, Nineyards Equity and Mathias Kamprad and Jonas Kamprad (sons of Ikea's founder Ingvar Kamprad).