Tracxn - Geo - Nordics Tech - Jun 2021

TRACXN MONTHLY REPORT
JUNE 2021
NORDICS TECH

Nordics Tech - June 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Nordics Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 11
Top Funded Business Models - last 1 year 13
New Analyst Picks 14
Acquisitions 21
Recent News 25

Nordics Tech Snapshot – June 2021
Nordics Tech: Snapshot – June 2021
Note : "Investors" refers to "Institutional Investors" only
3
$3.9B
30
Overall Geo Stats
20
34
124
62
53
Funding Rounds $ Invested Analyst Picks
Northvolt
Upgraded to
DECACORN
New Investors
Raptor Group
Albion
Series A+ rounds Active Investors IPOs Acquisitions
Puro.earth#@
Cloudia#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(11 Rounds, $3.5B)
Copenhagen
(8 Rounds, $186M)
Helsinki
(5 Rounds, $20.1M)
Gothenburg
(4 Rounds, $28.2M)
$2.8B - Series D
Northvolt (2015, Stockholm, $4.4B)
$639M - Series H
Klarna (2005, Stockholm, $3.3B)
$60.9M - Series A
Lenus eHealth (2016, Copenhagen,
$60.9M)
$60M - Series D
Templafy (2014, Copenhagen, $146M)
Luminar Ventures
(3 Investments)
Investinor
(2 Investments)
Adidas Group
(2 Investments)
PROfounders Capital
Partners
(2 Investments)
Energy Storage Tech
Northvolt
E-Commerce Enablers
Klarna
In Store Retail Tech
Alternative Lending
Market Size
Companies Covered 15,196
Funded Companies 5,767
Total Funding $49.9B
Funding in last 12 months $13.7B
Top Exits
IPOs 347
Acquisitions 1,299
Company Stage
Unicorns 5
Soonicorns 80
Minicorns 449
Editor Picks 1,836
Series A+ 1,303
Series C+ 284
Acqui-Hires 5
Deadpooled 1,041
Top Cities
Stockholm (1,167 Rounds, $16.4B)
Copenhagen (1,152 Rounds, $14.8B)
Top Investors
Almi Invest (288 Investments)
Accelerace (147 Investments)

Investment Snapshot
Investment Snapshot of Nordics Tech as of June 2021
Nordics Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (June 2021)*
Northvolt
(2015, Stockholm, $4.4B)
$2.8B - Series D OMERS Capital Markets
Klarna
(2005, Stockholm, $3.3B)
$639M - Series H SoftBank Vision Fund
Lenus eHealth
(2016, Copenhagen, $60.9M)
$60.9M - Series A EQT Ventures
Templafy
(2014, Copenhagen, $147M)
$60.0M - Series D Seed Capital
eloomi
(2015, Copenhagen, $78.0M)
$55.0M - Series B Great Hill Partners
Infinited Fiber
(2016, Espoo, $39.9M)
$35.7M - Series B H&M
Xeneta
(2012, Oslo, $55.6M)
$28.5M - Series C Creandum
Curb Food
(2020, Stockholm, $28.2M)
$24.3M - Series B Point72 Ventures
Kognity
$20.0M - Series B Alfvén & Didrikson
MAJORITY
$19.0M - Seed Valar Ventures
Doctrin AB
$15.4M - Series B Healthcap
*Shows only the lead Investors

List of Funding Rounds (1/6)
List of Funding Rounds in Nordics Tech in June 2021
Nordics Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$4.8M - Series D
Oda (2013, Oslo, $324.9M)
Online platform offerings multi-category grocery
products
LATE STAGE
$15.0M - Series D
Unibio (2001, Odense, $35.0M)
Provider of animal feed supplements by using
fermentation technology
West Hill Capital
LATE STAGE
$28.5M - Series C
Xeneta (2012, Oslo, $55.6M)
Provider of a freight rate market intelligence platform
Creandum, Investinor
LATE STAGE
$60.0M - Series D
Templafy (2014, Copenhagen, $146.5M)
Documents template management solutions
Blue Cloud Ventures, Insight Venture Partners,
Damgaard Company AS, Seed Capital, Dawn Capital
LATE STAGE
$639.0M - Series H
Klarna (2005, Stockholm, $3.3B)
Online platform for purchase financing for merchants
and shoppers
SoftBank Vision Fund, Adit Ventures, Permira,
Honeycomb Investment Trust, Sequoia Capital, and 3
more
LATE STAGE
$2.8B - Series D
Northvolt (2015, Stockholm, $4.4B)
Manufacturer of lithium-ion battery for electric
vehicles
OMERS Capital Markets, Fjarde AP-fonden, AP3, Forsta
AP-fonden, Second AP Fund, and 3 more
LATE STAGE
PE
Secomea (2008, Herlev)
Industrial VPN, gateway, and firewall based threat
prevention & remote access solution
GRO Capital
EARLY STAGE
$3.2M - Series A
Teemyco (2019, Stockholm, $4.2M)
Virtual workplace tool for remote employees
42 Capital, Antler, Luminar Ventures, Keith Richman,
Mehdi Ghissassi, and 1 more

6
EARLY STAGE
$3.5M - Series B
Medixine (2000, Espoo, $5.0M)
Offers collaboration and communication solutions that
improve patient engagement and quality of care
EARLY STAGE
$3.6M - Series B
Spinnova (2015, Jyvaskyla, $70.7M)
Developer of cellulose-based textile fibres
Adidas Group
EARLY STAGE
$3.9M - Series A
Adway (2017, Gothenburg, $3.9M)
AI-based recruitment marketing platform
Spintop Ventures, Brightly Ventures
EARLY STAGE
$5.0M - Series A
deWiz Golf (2020, , $5.0M)
Provider of a wearable device for golf training
EARLY STAGE
$6.3M - Series A
Insurance Business Applications (2010,
Copenhagen, $26.0M)
SaaS-based software suite for insurance industry
EARLY STAGE
$8.6M - Series A
Bioretec (1998, Tampere, $8.6M)
Bioabsorbable, bioactive and drug-releasing surgical
implants
EARLY STAGE
$9.5M - Series A
Epishine (2016, Linkoping, $14.0M)
Manufacturer of small-sized solar PV panels
Axsol, Philiana, Almi Invest, Beijer Ventures, Vigo
Carlund
EARLY STAGE
$10.1M - Series A
Graphmatech (2017, Uppsala, $16.3M)
Manufacturer of graphene-based nanocomposites
material
Molindo, ABB, SEB, EIT InnoEnergy, Forward Ventures,
and 2 more
EARLY STAGE
$11.0M - Series B
Vassla (2017, Stockholm, $17.0M)
Developer of electric-two wheelers
Skabholmen Invest, Anders Pettersson, Magnus
Wiberg, Patrik Hedelin
EARLY STAGE
$12.0M - Series A
NuvoAir (2015, Stockholm, $17.1M)
Provider of clinical decision support tools for
respiratory diseases
Albion, Industrifonden, Amino Collective, Spiltan, dRx
Capital, and 1 more

7
EARLY STAGE
$12.5M - Series A
Saga Diagnostics (2016, Lund, $17.9M)
Tests for detection and analysis of circulating tumor
DNA
Segulah Medical, Hadean Ventures
EARLY STAGE
$14.0M - Series B
Memory (2013, Oslo, $20.0M)
AI-based time tracking software
Melesio, SANDEN HOLDINGS CORPORATION,
Investinor, Concentric Ventures, SNO Ventures
EARLY STAGE
$15.0M - Series A
Hiber (2017, Gothenburg, $18.0M)
Online gaming platform
EQT Ventures, SYBO Games, Luminar Ventures, Bumble
Ventures, Konvoy, and 1 more
EARLY STAGE
$15.4M - Series B
Aiforia (2014, Helsinki, $23.0M)
Provider of an AI and cloud-based, deep learning image
analysis platform
Epredia
EARLY STAGE
$15.4M - Series B
Doctrin AB (2016, Stockholm, $27.5M)
Cloud-based patient history tool for healthcare
providers
Healthcap, Swedbank Robur, Capio, Norron
EARLY STAGE
$20.0M - Series B
Kognity (2012, Stockholm, $24.4M)
Digital publisher for course material textbooks
Alfvén & Didrikson
EARLY STAGE
$24.3M - Series B
Curb Food (2020, Stockholm, $28.2M)
Internet first restaurants offering multiple food items
Point72 Ventures, EQT
EARLY STAGE
$35.7M - Series B
Infinited Fiber (2016, Espoo, $39.9M)
Producer of recycled cotton fibers & offers
technological solutions for fashion industry
H&M, Sateri, Nidoco, Adidas Group
EARLY STAGE
$55.0M - Series B
eloomi (2015, Copenhagen, $78.0M)
LMS and performance management solution provider
Great Hill Partners

8
EARLY STAGE
$60.9M - Series A
Lenus eHealth (2016, Copenhagen, $60.9M)
Provider of the practice management solution for
fitness professionals
EQT Ventures, Lars Fjeldsoe Nielsen
EARLY STAGE
Series A
Goava (2016, Stockholm)
Lead contact database solutions
Enento
EARLY STAGE
Series B
CardLab (2006, Copenhagen, $5.1B)
Security solutions for payment cards
SEED STAGE
$370.0K - Angel
Substly (2018, Gothenburg, $370.0K)
Online subscription management software
SEED STAGE
$769.0K - Seed
eMabler (2019, Helsinki, $769.0K)
Saas and AI-enabled platform offering comprehensive
electric vehicle charging and energy management
solutions
Sofokus, Nidoco, Business Finland
SEED STAGE
$801.0K - Seed
Custimy (2020, Copenhagen, $801.0K)
Cloud-based customer data platform for SMBs
PreSeed Ventures
SEED STAGE
$846.5K - Seed
Volare (2014, , $846.5K)
Provider of waste management solutions to
agribusinesses
Maki.vc
SEED STAGE
$1.1M - Seed
Coupleness (2019, Stockholm, $1.1M)
Offers a platform for managing personal relationships
Icebreaker, Joachim Hedenius, Marcus Lewold
SEED STAGE
$1.2M - Seed
Contract Mill (2016, Helsinki, $1.2M)
Automating legal templates and contract drafting
, Veenay Shah
SEED STAGE
$1.2M - Seed
ContractZen (2014, Helsinki, $1.2M)
Cloud-based contract life cycle management software
provider
Nordic Eye

9
SEED STAGE
$1.3M - Seed
Geyser Batteries (2018, Vaasa, $2.4M)
Developer of carbon-neutral batteries
Butterfly Ventures, Tesi
SEED STAGE
$1.5M - Seed
Quicksave Interactive (2017, Helsinki, $1.5M)
Game developer offering casual games
Konvoy, Raptor Group, Sisu Game Ventures, LAGO
Innovation Fund
SEED STAGE
$1.8M - Seed
Handiscover (2014, Angelholm, $2.5M)
Online accommodation booking platform for disabled
people
European Union, Howzat Partners
SEED STAGE
$1.8M - Seed
Tracegrow (2012, Karsamaki, $1.8M)
Technology solution to convert alkaline batteries into
micro-nutrient products
Taaleri
SEED STAGE
$1.8M - Seed
Boom (2020, Tampere, $1.8M)
Mobile game developer focusing on casual games
VGames
SEED STAGE
$2.5M - Seed
GamerzClass (2019, Copenhagen, $4.2M)
Provider of e-gaming courses
Byfounders, Bumble Ventures, TrueSight Ventures,
Morten Wulf, Ben Holmes
SEED STAGE
$2.7M - Seed
Smitten (1997, Reykjavik, $2.7M)
Provider of questionnaire driven dating platform
Byfounders, PROfounders Capital Partners, Global
Inventures, Tiny, Brunnur Ventures
SEED STAGE
$3.4M - Seed
Iagon (2017, Hamar, $3.4M)
Decentralized Supercomputers solutions
Ledgerlink Labs, Blockchain Israel, AU21 Capital, ,
Alphabit, and 8 more
SEED STAGE
$4.0M - Seed
Veri (2020, , $4.0M)
Provider of a wearable sensor-based body patch to
monitor metabolic rate and glucose levels
PROfounders Capital Partners, Lifeline Ventures, Accel,
Johannes Schildt, Kristian Ranta

10
SEED STAGE
$4.2M - Seed
Heja (2016, Orebro, $6.9M)
Sports team management and communication app
Peak Capital, Bonnier Ventures, Luminar Ventures,
Inbox Capital, MaxVIL, and 2 more
SEED STAGE
$9.0M - Seed
Mycorena (2018, Gothenburg, $11.7M)
Provider of food processing services
Vepro, FBG Invest
SEED STAGE
$19.0M - Seed
MAJORITY (1996, Stockholm, $19.0M)
Debit cards for migrants
Valar Ventures, Avid Ventures, Heartcore Capital
SEED STAGE
Seed
Young Money (2012, Copenhagen)
Prepaid payment card for 7-12 year olds
Arbejdernes Landsbank, Nykredit, Spar Nord, Trifork
SEED STAGE
Seed
Redkik (2018, Joensuu)
Software as a service platform for the marine cargo
insurance industry
Business Joensuu, Redstone Digital, Ilari Schouwvlieger
SEED STAGE
Seed
AnaCardio (2017, )
Developer of drugs for heart failure treatment
Karolinska Development
SEED STAGE
Angel
QuadSAT (2017, Odense, $3.6M)
Network testing solutions provider
Torben Frigaard Rasmussen

New Investors (1/2)
List of New Investors in Nordics Tech in June 2021
Nordics Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
Raptor Group
51 portfolio companies | VC firm investing in early and growth stage companies
in the US
Quicksave Interactive
Game developer offering casual games
$1.50M Seed
Albion
10 portfolio companies | Venture capital firm focused on tech-startups
NuvoAir
Provider of clinical decision support tools for respiratory diseases
$12.00M Series A
Forward Ventures
48 portfolio companies | Life Sciences focused VC firm that does early stage
investments in the US
Graphmatech
Manufacturer of graphene-based nanocomposites material
$10.15M Series A
Great Hill Partners
46 portfolio companies | Private equity firm focused on acquisition transactions
eloomi
$55.00M Series B
Valar Ventures
90 portfolio companies | VC firm investing globally
MAJORITY
$19.00M Seed
TIN Fonder
4 portfolio companies | Venture capital focused on tech companies
Dirac
Provider of digital audio optimization solutions
$17.73M Series B
Blue Cloud Ventures
35 portfolio companies | Early stage VC firm investing in the US
Templafy
Documents template management solutions
$60.00M Series D
CMT Digital
29 portfolio companies | Sector agnostic VC firm investing in early-stage
startups through ICO's
Hiber
$15.00M Series A
Point72 Ventures
68 portfolio companies | Early-stage tech-focused VC Firm funding companies in
the US
Curb Food
$24.33M Series B
Redstone Digital
2 portfolio companies | Venture capital as a service firm
Redkik
Software as a service platform for the marine cargo insurance industry
Undisclosed Seed

New Investors (2/2)
List of New Investors in Nordics Tech in June 2021
Nordics Tech: List of New Investors
12
Investor Company Info Round Amount Round Name
Arbejdernes Landsbank
2 portfolio companies | Commercial bank
Young Money
Undisclosed Seed
WestCap
17 portfolio companies | Venture capital fund focused on multiple sectors
Klarna
Online platform for purchase financing for merchants and shoppers
$639M Series H
Alphabit
19 portfolio companies | Cryptocurrency investment fund
Iagon
$3.40M Seed
Trifork
3 portfolio companies | IT services and application supplier
Young Money
Undisclosed Seed
Global Inventures
9 portfolio companies | Alliance management services provider
Smitten
Provider of questionnaire driven dating platform
$2.70M Seed
ABB
2 portfolio companies | Provider of digital transformation services
Graphmatech
Manufacturer of graphene-based nanocomposites material
$10.15M Series A
Honeycomb Investment Trust
5 portfolio companies | Diversified investment firm
Klarna
Online platform for purchase financing for merchants and shoppers
$639M Series H
Nykredit
1 portfolio companies | Provider of banks, insurance and loans related services
Young Money
Undisclosed Seed
dRx Capital
12 portfolio companies | Tech and Life Sciences focused early-stage VC firm
investing in the US
NuvoAir
$12.00M Series A
Kaya
2 portfolio companies | Venture capital firm focused on pre-seed and series A
investments
NuvoAir
$12.00M Series A

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
13
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲101 Lithium Ion Batteries $3.4B 2 Northvolt | $2.8B | Series D
2 <> 0 Internet First Point of Sale Financing $2.3B 6 Klarna | $1.0B | Series H
3 <> 0 Retail Stores Shopper Purchase Financing $2.3B 6 Klarna | $1.0B | Series H
4 -- Electric Cars $550M 1 Polestar | $550M | Series D
5 ▲4 Food Ordering Platforms $544M 2 Wolt | $536M | Series E
6 ▲130 Music Licensing Marketplace $450M 1 Epidemic Sound | $450M | Series D
7 ▲13 Drugs for Multiple Cancer Types $259M 6 IO Biotech | $155M | Series B
8 -- Oil and Gas Analytics Software $225M 2 Cognite | $150M | Series B
9 ▲144 Plant Based Seafood Substitutes $200M 1 Oatly | $200M | Series C
10 -- Wine Listing and Recommendation Platforms $155M 1 Vivino | $155M | Series D

New Analyst Picks (1/7)
Interesting Companies identified by Analysts in Nordics Tech in June 2021
Nordics Tech: Analyst Picks
14
Upgraded to DECACORN
Northvolt (2015, Stockholm, $64.4M, Conventional
Debt)
Manufacturer of lithium-ion battery for electric
vehicles
Daniel Ek, European Investment Bank, Baron Funds and
24 other Investors
Upgraded to UNICORN
Oda (2013, Oslo, $1.5M, Seed)
Online platform offerings multi-category grocery
products
Verdane, SoftBank Vision Fund, Prosus and 5 other
Investors
Upgraded to SOONICORN
eloomi (2015, Copenhagen, $7.1M, Series A)
Kennet Partners, Seed Capital, VF Venture and 3 other
Investors
Xeneta (2012, Oslo, $8.2M, Series B)
Provider of a freight rate market intelligence platform
Alliance Venture, Point Nine Capital, Creandum and 2
other Investors
Spinnova (2015, Jyvaskyla, $2.0M, Seed)
Developer of cellulose-based textile fibres
Timo Soininen, Business Finland, Yrjo Neuvo and 9
other Investors
Unibio (2001, Odense, $15.0M, Series D)
Provider of animal feed supplements by using
fermentation technology
West Hill Capitaland

15
Lenus eHealth (2016, Copenhagen, $60.9M, Series
A)
Provider of the practice management solution for
fitness professionals
Lars Fjeldsoe Nielsen,EQT Venturesand
Upgraded to MINICORN
Heja (2016, Orebro, $2.7M, Seed)
Sports team management and communication app
Peak Capital, Mattias Weinhandl, Max Ventures and 6
other Investors
Epishine (2016, Linkoping, $3.2M, Series A)
Manufacturer of small-sized solar PV panels
Vigo Carlund, , Axsol and 8 other Investors
Bioretec (1998, Tampere, $8.6M, Series A)
Bioabsorbable, bioactive and drug-releasing surgical
implants
Innovestor Ventures, Springvest, Finnvera and 1 other
Investors
Hiber (2017, Gothenburg, $2.2M, Seed)
Bumble Ventures, Konvoy, Mini Fund Global LLC and 5
other Investors
Doctrin AB (2016, Stockholm, $11.8M, Series A)
Cloud-based patient history tool for healthcare
providers
Norrsken Foundation, Norron, Swedbank Robur and 3
other Investors
MAJORITY (1996, Stockholm, $19.0M, Seed)
Valar Ventures,Avid Ventures,Heartcore Capitaland
Mycorena (2018, Gothenburg, $9.0M, Seed)
Provider of food processing services
GlassWall Syndicate, Kale United, GU Ventures and 6
other Investors
GamerzClass (2019, Copenhagen, $1.0M, Seed)
Provider of e-gaming courses
Bumble Ventures, Morten Wulf, TrueSight Ventures
and 2 other Investors

16
Curb Food (2020, Stockholm, $3.9M, Series A)
Point72 Ventures, EQT, Alliance Venture and 1 other
Investors
Saga Diagnostics (2016, Lund, $1.2M, Seed)
Tests for detection and analysis of circulating tumor
DNA
Gunnar Nilssons Cancerstiftelse, Smile Incubator,
christer fahraeus and 5 other Investors
Superb (2016, Copenhagen, $1.5M, Seed)
Provider of suite solution solutions for restaurant
businesses
Björn Lindberg, Kinnevik, Simple Feast and 6 other
Investors
Teemyco (2019, Stockholm, $1.0M, Seed)
Virtual workplace tool for remote employees
Mehdi Ghissassi, Sameer Singh, Keith Richman and 4
other Investors
ContractZen (2014, Helsinki, $1.2M, Seed)
Cloud-based contract life cycle management software
provider
Nordic Eyeand
Iagon (2017, Hamar, $3.4M, Seed)
, , Alphabit and 10 other Investors
deWiz Golf (2020, , $5.0M, Series A)
Provider of a wearable device for golf training
Vassla (2017, Stockholm, $11.0M, Series B)
Developer of electric-two wheelers
Skabholmen Invest, Patrik Hedelin, Magnus Wiberg and
1 other Investors
Contract Mill (2016, Helsinki, $1.2M, Seed)
Automating legal templates and contract drafting
Veenay Shah,and

17
Added to Editor's Pick
Medixine (2000, Espoo, $3.5M, Series B)
Offers collaboration and communication solutions that
improve patient engagement and quality of care
Springvest, Vision+, Sitra and 2 other Investors
Geyser Batteries (2018, Vaasa, $1.1M, Seed)
Developer of carbon-neutral batteries
Butterfly Ventures, Voima Ventures, EnergySpin and 1
other Investors
Veri (2020, , $4.0M, Seed)
Provider of a wearable sensor-based body patch to
monitor metabolic rate and glucose levels
Lifeline Ventures, PROfounders Capital Partners, Accel
and 2 other Investors
Tracegrow (2012, Karsamaki, $1.8M, Seed)
Technology solution to convert alkaline batteries into
micro-nutrient products
Taaleriand
Goava (2016, Stockholm, Undisclosed, Seed)
Lead contact database solutions
TrueSight Ventures, Gorilla Capital, Enento and 1 other
Investors
Young Money (2012, Copenhagen, Undisclosed,
Seed)
Spar Nord, Nykredit, Arbejdernes Landsbank and 1
other Investors
APIM Therapeutics (2009, Trondheim, $3.0M,
Series A)
Develops anti-cancer therapies potentiating
chemotherapy induced responses in cancer cells
Birk Venture, Berg Capital Group, Investinor and 3
other Investors
Inscripta (2015, Helsinki, Undisclosed, Seed)
Solution for dictation and transcription of medical data
Leena Niemistö, Icebreaker, Joni Aaltonen and 7 other
Investors
eMabler (2019, Helsinki, $769K, Seed)
Saas and AI-enabled platform offering comprehensive
electric vehicle charging and energy management
solutions
Business Finland,Sofokus,Nidocoand
Flowrite (1997, Helsinki, $658K, Seed)
Provider of a platform offering AI-enabled writing
assistance
Seedcamp, Lifeline Ventures, Moaffak Ahmed and 2
other Investors
Defined (2021, , $2.5M, Seed)
Decentralized network for financial products
Tiny Capital, Mark Cuban, Inflection Ventures and 5
other Investors
Nortical (2019, Gothenburg, $1.3M, Seed)
Provider of software solutions to improve battery
efficiency
SynerLeap,Almi Invest,Norrsken Foundationand

18
Sesamy (2020, Stockholm, $4.9M, Seed)
Online platform offering multi-genre audiobooks
GP Bullhoundand
Jobilla (2015, Helsinki, $1.8M, Seed)
Online recruitment solution for enterprises
Trind VCand
Noice (2020, Helsinki, $5.0M, Angel)
Social platform for gaming enthusiasts
Miki Kuusi, David Helgason, Kristian Segerstråhle and 7
other Investors
Ønskeskyen (2015, Copenhagen, Unfunded)
App-based gifting platform to create digital wishlists
Dotcom Capitaland
Biowatch (2017, Aarhus, $78.9K, Seed)
Provider of employee health screening platform
Acceleraceand
Bygglet (2010, Gothenburg, Unfunded)
SaaS-driven project management software for
construction professionals
ONEiO (2011, Helsinki, $1.3M, Seed)
Provider of IT integration and automation solutions
provider
Inventureand
Awake.AI (2018, Turku, Unfunded)
Provider of AI, cloud, and IoT-enables smart ports
Effectmanager (, Harlev, Unfunded)
Cloud-based account management software for retail
suppliers
Acceleraceand
Multiscription (2018, Copenhagen, Unfunded)
Online subscription based gaming platform
Acceleraceand
Tidrapport.nu (2009, Falkoping, Unfunded)
Online time reporting platform
Animals.ai (2019, Lund, Unfunded)
Provider of AI-based animal behavioral monitoring
solutions
Ideon Openand

19
Bright Star Studios (2019, Aarhus, $2.0M, Seed)
Video game publisher focusing on core games
Ember Swordand
Biomedrex (2015, Stockholm, Unfunded)
Developer of drugs for viral diseases
Hammerstone Capitaland
Unleash (2015, Fornebu, Unfunded)
Cloud-based feature management solutions provider
Frontline Venturesand
Völur (2019, Oslo, Unfunded)
Provider of AI-based supply chain solutions for the
meat industry
Pangstartand
Simply TV (2018, Copenhagen, Unfunded)
Video metadata solutions provider
Flowscape (2011, Stockholm, Unfunded)
Digital workplace solution
Fakturino (2012, Stockholm, Unfunded)
Loan Comparison platform for business loans
Loggs (2018, Jyvaskyla, Unfunded)
Provider of cloud-based temperature monitoring
sensors
PURO (2016, Espoo, Unfunded)
Online platform for invoice financing
Visma Sign (2012, Lappeenranta, Unfunded)
Digital signature software solutions provider
The Many (2016, Copenhagen, Unfunded)
Online alternative investment platform for real estate,
wind projects, and solar projects
OlsAro (2020, Unfunded)
Developer of salt tolerant wheat using GMO
technology

20
Bintmint (2021, Keflavík, Unfunded)
Cloud mining platform for cryptocurrencies
Odda Parking (2018, Odda, Unfunded)
App-based platform offering parking space booking
services

Acquisitions (1/4)
List of Acquisitions in Nordics Tech in June 2021
Nordics Tech: Acquisitions
21
Acq. Date Company Acquirer Deal Size
01 Jun 2021
Puro.earth(2018, Helsinki)
Online marketplace for carbon offsetting
Nasdaq
01 Jun 2021
Cloudia(2008, Helsinki)
Provider of SaaS-based procurement solution
Mercell $125.1M
01 Jun 2021
Netset(1997, Malmo)
Provider of software suite solution for businesses
Progrits
01 Jun 2021
Jofrab(1978, Tranas)
Online B2B wholesale supplier of multi-category industrial goods,
spare parts, and tools
Storskogen
02 Jun 2021
ZEM(1993, Oslo)
Developer of lithium ion batteries for maritime applications
Volvo Penta
02 Jun 2021
Encap Security(2007, Fornebu, $2.0M)
Two-Factor Authentication & Digital Signing
Signicat
03 Jun 2021
Hoist Group(1994, Solna, $10.7M)
Software solutions and services for the hospitality industry
Advent International
03 Jun 2021
Evac(1979, Espoo)
Wastewater treatment systems for sea vessels
Knorr-Bremse
03 Jun 2021
Eduhouse(2002, Helsinki)
Online learning management solution for enterprises
Verdane
04 Jun 2021
Dimex(1982, Leppavirta)
Online e-distributor offering safety apparel for the workplace
Sentica Partners

Acquisitions (2/4)
22
04 Jun 2021
Unwire(1999, Copenhagen)
Mobile service and payments company
ICM Mobility Group
04 Jun 2021
Element Logic(1985, Klofta)
Warehouse management system to optimize warehouse space
Castik Capital
08 Jun 2021
Enevo(2010, Espoo, $38.7M)
Provider of waste management solutions
reen.com
10 Jun 2021
CityDack(1990, Malmo)
Online platform to buy automotive tires
Bilia
10 Jun 2021
Seliro(2018, Kista)
Provider of software solutions for smart connected homes
Inteno Group
11 Jun 2021
Alpcot(2006, Stockholm)
App-based investment and wealth data aggregator
Effnetplattformen
15 Jun 2021
MaskinSlussen(1987, Lidkoping)
Online platform for industrial equipment rentals
Ramirent
15 Jun 2021
Verto Analytics(2013, Helsinki, $53.3M)
Digital media measurement company
Disqo
16 Jun 2021
ILT Oppiminen(1990, Helsinki)
Online platform providing digital picture books for kids
Trill impact
17 Jun 2021
LendMe(2016, Copenhagen)
Online consumer loan comparison platform
Axo Finance

Acquisitions (3/4)
23
17 Jun 2021
K6(2016, Stockholm)
Load Testing Tool
Grafana
17 Jun 2021
Clinicbuddy(2007, Solna)
Practice management software for chiropractors.
Alfa eCare
21 Jun 2021
Neets(1999, Horsens)
Provider of audiovisual control systems
Biamp Systems
21 Jun 2021
SenionLab(2010, Linkoping, $1.8M)
Beacon based Indoor Positioning
Verizon
21 Jun 2021
Telepo AB(2004, Stockholm, $23.8M)
Enables service providers to provide cloud communication
services
Destiny
21 Jun 2021
Imatis(2007, Porsgrunn)
A provider of IT tools for clinical workflow, logistics, unified and
intelligent communication and messaging for health care
dnv.com
24 Jun 2021
Tink(2012, Stockholm, $358.9M)
Open banking API solutions for banks and financial institutions
Visa $2148.1M
24 Jun 2021
Cryptomathic(1986, Aarhus)
Key management for cryptography, EMV, PKI and authentication
The Riverside Company
25 Jun 2021
Rapal(1991, Espoo)
Provider of software solutions and services for infrastructure
projects
ornsoftware.com
29 Jun 2021
Hyon(2017, Oslo)
Provider of hydrogen production and storage solutions
sagapure.com

Acquisitions (4/4)
24
29 Jun 2021
Palette Software(1993, Stockholm)
Cloud-based purchase-to-payment software.
Altor Equity Partners
29 Jun 2021
Housemarque(1995, Helsinki)
Game development studio
Sony
30 Jun 2021 The Outsiders Funcom
30 Jun 2021
Lekekassen(2013, Kristiansand)
Online retailer offering multi-category toys for kids
Europris $58.5M

Recent News (1/2)
Recent News in Nordics Tech in June 2021
Nordics Tech:News
25
Exit News
.
● Visa To Buy Tink, $1.8 Billion FinSMEs
.
● Spotify acquires startup Podz to boost podcast experience TelecomLead
.
● SMS marketing tech venture MessageMedia sells to Swedish rival for $1.7
billion Startup Daily
.
● Verizon acquires indoor positioning platform Senion Telecompaper
.
● Nosto app acquires Stackla to add user-generated content Business of Apps
.
● Biamp, a Portfolio Company of Highlander Partners, Acquires Denmark-based
Neets A/S AiThority
.
● DisQus Acquires Exchange Analytics FinSMEs
.
● ICM Mobility Group Acquires Mobile Ticketing and Payment Specialist Unwire
AiThority
.
People News
.
● Nexstim plc's Board of Directors has decided on changes to the share options
2020, revocation of the share opt... GlobeNewswire
● Hootsuite Welcomes New SVP of Software Development, Manish Kamra
AiThority
.
● Norwegian Finans Holding ASA: Klara-Lise Aasen appointed interim CEO
GlobeNewswire
.
● Green Hydrogen Systems Announces Resignation of the Chief Financial Officer
fuelcellsworks.com
.
● Jussi Vasama appointed President and CEO of QPR Software Corporation
GlobeNewswire
.
● Peter Cooper appointed as chief security officer at Fidesmo Finextra
.
Company News
.
● Orphazyme shares spike 95% in afternoon trading on eve of FDA PDUFA
decision Seeking Alpha
.
● Boehringer Ingelheim and Zealand Pharma Receive FDA Fast Track Designation
for Investigational Treatment for NASH Business Wire
.
● Adtech company The Trade Desk starts India operations Livemint
.
● Vicore announces FDA acceptance for pivotal phase 3 trial of C21 in COVID-19
PR Newswire

Recent News (2/2)
Recent News in Nordics Tech in June 2021
Nordics Tech:News
26
● Fda Clears Neurescue's Intelligent Balloon Catheter mpo-mag.com
.
Regulatory News
.
● Ikea France faces verdict over employee spying claims The Business Times
.
● Sinch AB (publ): Sinch presents changed indebtedness policy GlobeNewswire

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Tracxn - Geo - Nordics Tech - Jun 2021

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Tracxn - Geo - Nordics Tech - Jun 2021