Tracxn - Top Business Models - Nordics Tech - Feb 2022
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The Tracxn report highlights the top funded business models in the Nordics tech sector, showcasing total funding of $3.2 billion in energy storage tech and notable investments in various sectors including retail, finance, and healthcare. The report lists the leading business models with funding details, notable companies such as Klarna and Northvolt, and a summary of funding by geography. Key insights include changes in ranking based on funding, with significant funding rounds detailed for multiple business models.
Tracxn - Top Business Models - Nordics Tech - Feb 2022
- 1. TRACXN TOP BUSINESS MODELS REPORT February 17, 2022 NORDICS TECH
- 2. Nordics Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Contents NordicsNordics Tech Funding - Overview 3 Top Funded Business Models 4 One pagers 9 Appendix 59 2
- 3. Nordics Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Funding in last 1 year 3 Energy Storage Tech $3.2B In Store Retail Tech $2.3B Finance & Accounting Tech $910M Dermatology $605M ERP $587M Big Data Infrastructure $551M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Almi Invest Antler PreSeed Ventures 16 9 9 Early Stage EQT Ventures Growth Fund Industrifonden 8 5 5 Late Stage Creandum Kinnevik Tencent 6 5 3 Funding by Geography Top Feeds by $ Funding Top Funding Rounds $ Funding # Rounds Northvolt (2015, ) $2.8B - Unattributed Klarna (2005, ) $1.0B - Series H Klarna (2005, ) $639M - Series H RELEX (2005, ) $568M - Series D Polestar (1996, ) $550M - Unattributed LEO Pharma (1908, ) $537M - PE Epidemic Sound (2009, ) $450M - Series D Neo4j (2007, ) $325M - Series F KRY (2014, ) $317M - Series D Oda (2013, ) $265M - Series C Lunar (2015, ) $249M - Series D Gelato (2007, ) $240M - Series D Stockholm (48%) Copenhagen (17%) Oslo (6%) Gothenburg (6%) Helsinki (4%) Others (19%)
- 4. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Nordics Tech - Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1▲3 Lithium Ion Batteries $2.8B 1 Northvolt | $2.8B | Unattributed Link 2<> 0 Internet First Point of Sale Financing $1.8B 5 Klarna | $1.0B | Series H Link 3<> 0 E-Commerce POS Financing Solutions $1.7B 4 Klarna | $1.0B | Series H Link 4-- Retail Stores Software Suite $568M 1 RELEX | $568M | Series D Link 5-- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed Link 6▲154 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D Link 7▲13 Web Based Platform for Doctor Consultation $419M 5 KRY | $317M | Series D Link 8-- B2B E-Commerce Software Suite $400M 2 Tradeshift | $200M | Series F Link 9-- Accounts Payable and Receivable Management $400M 2 Tradeshift | $200M | Series F Link 10-- Supply Chain Financing $400M 2 Tradeshift | $200M | Series F Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 5. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Nordics Tech - Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11-- Corporate Travel Expense Management $355M 3 Pleo | $200M | Series C Link 12-- Corporate Travel & Expense Cards $355M 3 Pleo | $200M | Series C Link 13-- Internet First Corporate Credit Card Issuers $350M 2 Pleo | $200M | Series C Link 14▲37 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C Link 15▼7 Free Float Electric Kick Scooter Rentals $163M 3 Voi | $115M | Series D Link 16▼2 Satellite Based Imaging Services $161M 2 ICEYE | $136M | Series D Link 17-- Database as a Service (DBaaS) $160M 2 Aiven | $100M | Series C Link 18-- Infrastructure as a Service for Big Data $160M 2 Aiven | $100M | Series C Link 19▼4 Digital Twin Modelling Software $150M 2 Cognite | $150M | Series B Link 20▼4 Oil and Gas Analytics Software $150M 2 Cognite | $150M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 6. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Nordics Tech - Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▼16 Drugs for Multiple Cancer Types $148M 5 Adcendo | $61.6M | Series A Link 22▲65 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B Link 23▲66 Autonomous Trucks $110M 1 Einride | $110M | Series B Link 24▲66 Self-Driving Delivery Vehicles $110M 1 Einride | $110M | Series B Link 25▼14 Open Banking API Providers $107M 3 Enfuce | $50.9M | Series C Link 26▲9 Sleep Management Devices $100M 1 Oura | $100M | Series C Link 27▲47 Podcast Aggregators $92.5M 2 Podimo | $78.0M | Series B Link 28-- Neurodegenerative Disorders Drugs $73.0M 2 Muna Therape.. | $73.0M | Series A Link 29-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link 30-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 7. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Nordics Tech - Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link 32-- Data Management Platforms $66.0M 1 Funnel | $66.0M | Series C Link 33-- Aesthetic Medicines $65.0M 3 CytoKi Pharma | $45.0M | Series A Link 34-- Online B2C Packaged Surplus Food Products Delivery $64.1M 2 Matsmart | $40.9M | Series D Link 35-- Fitness Center Management Softwares $61.0M 1 Lenus eHealth | $61.0M | Series A Link 36▲11 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link 37-- Electric Motorcycle Manufacturers $60.0M 1 CAKE | $60.0M | Series B Link 38▲58 Open Banking APIs for Payments $59.2M 2 Enfuce | $50.9M | Series C Link 39-- Human Presence Detection Sensors $56.6M 2 Novelda | $44.7M | Series D Link 40-- Electric Vehicle Charging Station Management Software $53.8M 3 Virta | $36.0M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 8. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Nordics Tech - Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Professional Service Robots $51.0M 1 Blue Ocean R.. | $51.0M | Series B Link 42-- Congenital Heart Disease Treatment Devices $49.2M 1 Occlutech | $49.2M | Series C Link 43-- Neuromuscular Disorder Drugs $48.1M 2 NMD Pharma | $39.6M | Series B Link 44-- Online Fashion Retailer $47.9M 1 NA-KD | $47.9M | Series C Link 45-- Carbon Footprint Awareness $47.6M 3 Doconomy | $19.0M | Series B Link 46-- Wound Healing Drugs $46.0M 3 CytoKi Pharma | $45.0M | Series A Link 47-- P2P Wallet Remittance $46.0M 2 MAJORITY | $27.0M | Series A Link 48▲45 Internet First Homeowner Insurers $45.0M 1 Hedvig | $45.0M | Series B Link 49-- Accounts Receivables Payment Solutions $45.0M 1 Billogram | $45.0M | Series B Link 50▲12 Electric Truck Manufacturers $43.7M 2 Einride | $110M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 9. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Lithium Ion Batteries - Nordics 01 9 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $2.8B (▲358%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $4.4B 2 - 8 1 Energy Storage Tech (Everfuel) (# Cos: 180 | $5.2B) Battery (Qoitech) (# Cos: 27 | $4.4B) Secondary Battery (ZEM) (# Cos: 13 | $4.4B) Lithium Ion (Northvolt) (# Cos: 8 | $4.4B) Northvolt (2015, $4.4B) ZEM European Batteries (2003, $15.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Northvolt (2015) $2.8B - Unattributed - Jun 2021
- 10. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Internet First Point of Sale Financing - Nordics 02 10 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $1.8B (▲174%) 5(▲66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $3.8B 3 - 7 2 Alternative Lending (Aprila Bank) (# Cos: 201 | $4.2B) Online Lenders (Capcito) (# Cos: 124 | $4.2B) Consumer Loans (Anyfin) (# Cos: 65 | $4.1B) Point of Sale Financing (ViaBill) (# Cos: 12 | $3.8B) Direct Lender (Klarna) (# Cos: 7 | $3.8B) Klarna (2005, $3.7B) ViaBill (2014, $132M) Mash Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Klarna (2005) $1.0B - Series H - Mar 2021 Klarna (2005) $639M - Series H - Jun 2021 ViaBill (2014) $120M - Series B - Feb 2022 Klarna (2005) $14.5M - Series H - Mar 2021 Klarna (2005) $6.0M - Series H - May 2021
- 11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Klarna (2005) $1.0B - Series H - Mar 2021 Klarna (2005) $639M - Series H - Jun 2021 Klarna (2005) $14.5M - Series H - Mar 2021 Klarna (2005) $6.0M - Series H - May 2021 E-Commerce POS Financing Solutions - Nordics 03 11 Back to index E-Commerce Enablers (inRiver) (# Cos: 214 | $4.3B) Payments (Veridu) (# Cos: 3 | $3.7B) Point of Sale Financing (Klarna) (# Cos: 1 | $3.7B) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $1.7B (▲155%) 4(▲33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $3.7B 1 - 1 1 Klarna (2005, $3.7B) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Retail Stores Software Suite - Nordics 04 12 Back to index In Store Retail Tech (Klarna) (# Cos: 105 | $4.6B) Suite (RELEX) (# Cos: 15 | $816M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $568M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $816M 5 3 15 1 RELEX (2005, $816M) Columbus Digital Goodie Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. RELEX (2005) $568M - Series D - Feb 2022
- 13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Polestar (1996) $550M - Unattributed - Apr 2021 Electric Car Manufacturers - Nordics 05 13 Back to index Electric Vehicles (Voi) (# Cos: 264 | $2.3B) Automaker (Einride) (# Cos: 90 | $1.6B) Cars (Uniti) (# Cos: 7 | $1.2B) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $550M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $1.2B 5 - 7 0 Uniti (2016, $2.6M) NEVS (2012, $500M) Polestar (1996, $550M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Music Licensing Marketplace - Nordics 06 14 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $467M (▲ >10K%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $499M 3 - 3 2 Music Tech (Spotify) (# Cos: 168 | $2.8B) Music Artist IT (Soundtrap) (# Cos: 70 | $581M) Copyrights Management (Tracklib) (# Cos: 5 | $502M) Licensing Marketplace (Epidemic Sound) (# Cos: 3 | $499M) Epidemic Sound (2009, $476M) Tracklib (2014, $23.2M) Zeptagram Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Epidemic Sound (2009) $450M - Series D - Mar 2021 Tracklib (2014) $16.8M - Series B - Sep 2021
- 15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Web Based Platform for Doctor Consultation - Nordics 07 15 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $419M (▲529%) 5(▲66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $859M 16 - 38 4 Healthcare Booking Platforms (Apoteket) (# Cos: 182 | $915M) Doctors (Doktor.se) (# Cos: 92 | $876M) Telemedicine (Liva Healthcare) (# Cos: 74 | $875M) Teleconsultation (KRY) (# Cos: 73 | $875M) Diversified (Min Doktor) (# Cos: 38 | $859M) Min Doktor (2013, $76.1M) KRY (2014, $571M) Liva Healthcare (2015, $38.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. KRY (2014) $317M - Series D - Apr 2021 Doktor.se (2016) $61.0M - Series D - May 2021 Doktor.se (2016) $34.8M - Series D - Jul 2021 Liva Healthcare (2015) $6.2M - Series B - Dec 2021 KRY (2014) Undisclosed - Series D - Dec 2021
- 16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Tradeshift (2010) $200M - Series F - Dec 2021 Tradeshift (2010) $200M - Series F - Mar 2021 B2B E-Commerce Software Suite - Nordics 08 16 Back to index B2B E-Commerce (Cramo) (# Cos: 108 | $1.3B) Technology Enablers (inRiver) (# Cos: 29 | $1.2B) E Commerce Software Suite (Tradeshift) (# Cos: 6 | $1.2B) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $400M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $1.2B 3 - 6 1 Tradeshift (2010, $1.2B) Smidyo Parttrap Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Tradeshift (2010) $200M - Series F - Dec 2021 Tradeshift (2010) $200M - Series F - Mar 2021 Accounts Payable and Receivable Management - Nordics 09 17 Back to index Finance & Accounting Tech (Bokio) (# Cos: 340 | $1.9B) Accounting Solutions (Pleo) (# Cos: 230 | $1.8B) Account Payables & Receivables (Tradeshift) (# Cos: 3 | $1.2B) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $400M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.2B 3 - 3 1 Tradeshift (2010, $1.2B) Qvalia (2007, $1.3M) Pagero Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Supply Chain Financing - Nordics 10 18 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $400M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $1.2B 4 - 4 1 SCM Software (Syncron) (# Cos: 111 | $1.5B) Spend Management (Mercell) (# Cos: 41 | $1.3B) Procure To Pay (Basware) (# Cos: 22 | $1.3B) Supply Chain Financing (Tradeshift) (# Cos: 4 | $1.2B) Tradeshift (2010, $1.2B) Medius OpusCapita Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Tradeshift (2010) $200M - Series F - Dec 2021 Tradeshift (2010) $200M - Series F - Mar 2021
- 19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Pleo (2015) $200M - Series C - Dec 2021 Pleo (2015) $150M - Series C - Jun 2021 Zevoy (2020) $4.5M - Series A - Sep 2021 Corporate Travel Expense Management - Nordics 11 19 Back to index Online Travel (Momondo) (# Cos: 403 | $627M) Corporate Travel (Acubiz) (# Cos: 28 | $540M) Expense Management (Pleo) (# Cos: 22 | $539M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $355M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $539M 5 - 22 2 Pleo (2015, $434M) Acubiz (1997, $101M) SPENT Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Corporate Travel & Expense Cards - Nordics 12 20 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $355M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $439M 3 - 6 2 Finance & Accounting Tech (Bokio) (# Cos: 340 | $1.9B) Accounting Solutions (Tradeshift) (# Cos: 230 | $1.8B) Procure to Pay (Billhop) (# Cos: 61 | $470M) Travel & Expense (SPENT) (# Cos: 25 | $439M) Card Solutions (Pleo) (# Cos: 6 | $439M) Pleo (2015, $434M) Zevoy (2020, $4.5M) EedenBull Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pleo (2015) $200M - Series C - Dec 2021 Pleo (2015) $150M - Series C - Jun 2021 Zevoy (2020) $4.5M - Series A - Sep 2021
- 21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Internet First Corporate Credit Card Issuers - Nordics 13 21 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $350M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $434M 1 - 3 1 Payments (Trustly) (# Cos: 234 | $6.4B) Consumer Payments (Samlino.dk) (# Cos: 67 | $561M) Payment Cards (Epassi) (# Cos: 20 | $534M) Credit Cards (MAJORITY) (# Cos: 6 | $480M) Corporate Cards (Pleo) (# Cos: 3 | $434M) Pleo (2015, $434M) Perfekti First Card Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pleo (2015) $200M - Series C - Dec 2021 Pleo (2015) $150M - Series C - Jun 2021
- 22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Alkaline Electrolyzers - Nordics 14 22 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $229M (▲852%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $260M 2 1 2 0 Energy Storage Tech (Northvolt) (# Cos: 180 | $5.2B) Hydrogen (Everfuel) (# Cos: 17 | $305M) Hydrogen Generation (Hymeth) (# Cos: 7 | $266M) Electrolysis (Hystar) (# Cos: 3 | $266M) Alkaline (GreenHydrogen) (# Cos: 2 | $260M) GreenHydrogen (2007, $259M) Hymeth (2016, $891K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. GreenHydrogen (2007) $229M - Series C - Mar 2021
- 23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Free Float Electric Kick Scooter Rentals - Nordics 15 23 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $163M (▲19.4%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $503M 2 - 17 1 Electric Vehicles (Virta) (# Cos: 264 | $2.3B) Vehicle as a Service (GreenMobility) (# Cos: 47 | $539M) Kick Scooters (Hopp) (# Cos: 20 | $503M) Free Float (Voi) (# Cos: 17 | $503M) Voi (2018, $500M) Hopp (2019, $2.8M) Zvipp Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Voi (2018) $115M - Series D - Dec 2021 Voi (2018) $45.0M - Series C - Aug 2021 Hopp (2019) $2.8M - Seed - Nov 2021
- 24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Satellite Based Imaging Services - Nordics 16 24 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $161M (▲85.1%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $304M 2 - 3 1 NewSpace (GomSpace) (# Cos: 28 | $315M) Space Services (Copenhagen Suborbitals) (# Cos: 6 | $304M) Imaging (ClearSky Vision) (# Cos: 3 | $304M) Satellite Based (ICEYE) (# Cos: 3 | $304M) ICEYE (2014, $304M) ClearSky Vision Code Company Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ICEYE (2014) $136M - Series D - Feb 2022 ICEYE (2014) $25.0M - Series C - Dec 2021
- 25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Database as a Service (DBaaS) - Nordics 17 25 Back to index Database Technology (Neo4j) (# Cos: 27 | $801M) DBaaS (Aiven) (# Cos: 3 | $211M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $160M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $211M 1 - 3 1 Aiven (2016, $211M) CloudAMQP ElephantSQL Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Aiven (2016) $100M - Series C - Mar 2021 Aiven (2016) $60.0M - Series C - Oct 2021
- 26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Infrastructure as a Service for Big Data - Nordics 18 26 Back to index Big Data Infrastructure (Neo4j) (# Cos: 12 | $794M) IaaS (Aiven) (# Cos: 1 | $211M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $160M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $211M 1 - 1 1 Aiven (2016, $211M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Aiven (2016) $100M - Series C - Mar 2021 Aiven (2016) $60.0M - Series C - Oct 2021
- 27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Cognite (2016) $150M - Series B - May 2021 Cognite (2016) Undisclosed - Series B - Feb 2022 Digital Twin Modelling Software - Nordics 19 27 Back to index Digital Twin (Aker Solutions) (# Cos: 26 | $230M) Development Tools (Sensative) (# Cos: 4 | $228M) Modelling (Cognite) (# Cos: 4 | $228M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $150M (▲92.7%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $228M 2 - 4 2 Cognite (2016, $225M) Sensative (2013, $2.8M) GEOMIFY Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Cognite (2016) $150M - Series B - May 2021 Cognite (2016) Undisclosed - Series B - Feb 2022 Oil and Gas Analytics Software - Nordics 20 28 Back to index Oil & Gas Tech (Aker Solutions) (# Cos: 125 | $415M) Tech for Vertically Integrated Players (MMT) (# Cos: 12 | $230M) Analytics (Cognite) (# Cos: 2 | $225M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $150M (▲100%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $225M 1 - 2 1 Cognite (2016, $225M) C2FTX Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Adcendo (2017) $61.6M - Series A - Apr 2021 Anocca (2014) $47.0M - Series B - Jul 2021 Cytovation (2001) $20.0M - Series A - Jan 2022 Valo Therapeutics (2016) $12.8M - Series A - Nov 2021 Asgard Therapeutics (2017) $6.9M - Seed - Nov 2021 Drugs for Multiple Cancer Types - Nordics 21 29 Back to index Oncology (Genmab) (# Cos: 163 | $1.8B) Drugs (IO Biotech) (# Cos: 100 | $1.7B) Diversified (Symphogen) (# Cos: 76 | $1.5B) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $148M (▼29.5%) 5(▼28.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 4 $1.5B 60 20 76 4 Symphogen (2000, $598M) IO Biotech (2014, $175M) Genmab (1999, $157M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Autonomous Electric Truck Manufacturers - Nordics 22 30 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $110M (▲1000%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $160M 1 - 1 1 Electric Vehicles (Voi) (# Cos: 264 | $2.3B) Automaker (CAKE) (# Cos: 90 | $1.6B) Commercial Vehicles (Velove Bikes) (# Cos: 19 | $229M) Trucks (Volta Trucks) (# Cos: 3 | $224M) Autonomous (Einride) (# Cos: 1 | $160M) Einride (2016, $160M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Einride (2016) $110M - Series B - May 2021
- 31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Einride (2016) $110M - Series B - May 2021 Autonomous Trucks - Nordics 23 31 Back to index Autonomous Vehicles (Annotell) (# Cos: 26 | $204M) Self Driving Technology (Sensible 4) (# Cos: 4 | $167M) Trucks (Einride) (# Cos: 1 | $160M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $110M (▲1000%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $160M 1 - 1 1 Einride (2016, $160M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Self-Driving Delivery Vehicles - Nordics 24 32 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $110M (▲1000%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $160M 1 - 1 1 Logistics Tech (Automile) (# Cos: 345 | $957M) Ecommerce Logistics (Gelato) (# Cos: 53 | $688M) Autonomous Delivery (Globhe) (# Cos: 2 | $160M) Self-Driving Delivery Vehicles (Einride) (# Cos: 1 | $160M) Einride (2016, $160M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Einride (2016) $110M - Series B - May 2021
- 33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Enfuce (2016) $50.9M - Series C - Dec 2021 Tink (2012) $47.9M - Series D - Apr 2021 Enfuce (2016) $8.3M - Series B - Mar 2021 Open Banking API Providers - Nordics 25 33 Back to index Banking Tech (Lunar) (# Cos: 140 | $1.4B) Open Banking (Enfuce) (# Cos: 23 | $448M) Banking APIs (Tink) (# Cos: 12 | $438M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $107M (▼0.8%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $438M 5 - 12 2 Tink (2012, $359M) Enfuce (2016, $64.9M) Nordic API Gateway (2010, $14.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Sleep Management Devices - Nordics 26 34 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $100M (▲204%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $162M 6 - 12 1 Fitness & Wellness Tech (Lifesum) (# Cos: 388 | $341M) Mind & Body Wellness (Flow Neuroscience) (# Cos: 76 | $177M) Sleep Management (Oura) (# Cos: 26 | $165M) Devices (Beddit) (# Cos: 12 | $162M) Beddit (2007, $8.0M) Oura (2013, $148M) Nukute (2015, $4.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Oura (2013) $100M - Series C - May 2021
- 35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Podcast Aggregators - Nordics 27 35 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $92.5M (▲446%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $117M 1 - 3 1 Radio Tech (WARM) (# Cos: 62 | $2.3B) Internet Radio & Podcast (Acast) (# Cos: 60 | $2.3B) Streaming (Spotify) (# Cos: 49 | $2.2B) Podcast (Podkicker) (# Cos: 16 | $126M) Network (Kitab Sawti) (# Cos: 12 | $126M) Aggregator (Podimo) (# Cos: 3 | $117M) Podimo (2019, $117M) Heartbeats Podtail Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Podimo (2019) $78.0M - Series B - Nov 2021 Podimo (2019) $14.5M - Series A - Feb 2021
- 36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Muna Therapeutics (2020) $73.0M - Series A - Jul 2021 Abarceo (2017) $2.5M - Seed - Mar 2021 Neurodegenerative Disorders Drugs - Nordics 28 36 Back to index Neurology (Nexstim) (# Cos: 98 | $589M) Drugs (Egalet) (# Cos: 47 | $483M) Neurodegenerative (Lundbeck) (# Cos: 20 | $98.5M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $73.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $98.5M 15 4 20 1 Lundbeck Integrative Research L.. (2013, $3.4M) Muna Therapeutics (2020, $73.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 37. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Automated Testing Tools - Nordics 29 37 Back to index Software Testing Tools (Bitbar) (# Cos: 55 | $90.1M) Automated Testing Tools (Leapwork) (# Cos: 17 | $80.8M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $68.3M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $80.8M 8 - 17 1 Leapwork (2015, $79.6M) Meeshkan (2017, $418K) Usetrace (2012, $162K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Leapwork (2015) $62.0M - Series B - Aug 2021 Leapwork (2015) $6.3M - Series A - Jun 2021
- 38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds IT Ops Automation - Nordics 30 38 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $68.3M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $80.9M 2 - 2 1 Robotic Process Automation (Northern.tech) (# Cos: 19 | $86.0M) Basic Automation (ONEiO) (# Cos: 7 | $80.9M) Multi-Industry (Cognifirm) (# Cos: 7 | $80.9M) IT Ops (Leapwork) (# Cos: 2 | $80.9M) Leapwork (2015, $79.6M) ONEiO (2011, $1.3M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Leapwork (2015) $62.0M - Series B - Aug 2021 Leapwork (2015) $6.3M - Series A - Jun 2021
- 39. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Leapwork (2015) $62.0M - Series B - Aug 2021 Leapwork (2015) $6.3M - Series A - Jun 2021 IT Automation - Nordics 31 39 Back to index IT Operations (Snow Software) (# Cos: 125 | $418M) ITOM (LogPoint) (# Cos: 75 | $252M) IT Automation (Leapwork) (# Cos: 4 | $88.1M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $68.3M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $88.1M 4 - 4 2 Leapwork (2015, $79.6M) Curious AI (2015, $4.7M) Northern.tech (2017, $2.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Funnel (2014) $66.0M - Series C - Oct 2021 Data Management Platforms - Nordics 32 40 Back to index MarketingTech (Falcon.io) (# Cos: 615 | $738M) Marketing Data Platforms (Supermetrics) (# Cos: 19 | $202M) Data Management Platforms (Funnel) (# Cos: 8 | $131M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $66.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $131M 3 - 8 1 Funnel (2014, $131M) textcloud Avance Metering Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds CytoKi Pharma (2019) $45.0M - Series A - May 2021 Cytovation (2001) $20.0M - Series A - Jan 2022 CytoKi Pharma (2019) $19.2K - Seed - Apr 2021 Aesthetic Medicines - Nordics 33 41 Back to index Dermatology (SciBase) (# Cos: 34 | $703M) Drugs (LEO Pharma) (# Cos: 16 | $659M) Aesthetics (Cytovation) (# Cos: 9 | $74.0M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $65.0M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $74.0M 9 - 9 1 Cytovation (2001, $23.6M) Lipidor CytoKi Pharma (2019, $45.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Online B2C Packaged Surplus Food Products Delivery - Nordics 34 42 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $64.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $105M 3 - 3 2 Online Grocery (Nemlig) (# Cos: 134 | $924M) B2C Ecommerce (Vivino) (# Cos: 94 | $909M) Surplus Products (Matsmart) (# Cos: 6 | $105M) Packaged Food Products (YourLocal) (# Cos: 3 | $105M) YourLocal (2015, $1.2M) Matsmart (2012, $80.0M) Fiksua ruoka (2016, $23.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Matsmart (2012) $40.9M - Series D - Mar 2021 Fiksua ruoka (2016) $23.2M - Series B - May 2021
- 43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Fitness Center Management Softwares - Nordics 35 43 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $61.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $66.6M 6 - 13 1 Fitness & Wellness Tech (Beddit) (# Cos: 388 | $341M) Tools for Fitness Professionals (Athliit) (# Cos: 37 | $66.6M) Fitness Centers (Vint) (# Cos: 18 | $66.6M) Suite (Lenus eHealth) (# Cos: 13 | $66.6M) Lenus eHealth (2016, $63.5M) Vint (2013, $1.8M) Athliit Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Lenus eHealth (2016) $61.0M - Series A - May 2021
- 44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Templafy (2014) $60.0M - Series D - Jun 2021 Document Template Management - Nordics 36 44 Back to index Enterprise Information Management (Stravito) (# Cos: 67 | $229M) Enterprise Content Management (Xait) (# Cos: 36 | $162M) Template Management (Templafy) (# Cos: 2 | $147M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $60.0M (▲129%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $147M 1 - 2 1 Templafy (2014, $147M) DIBkunnskap Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Electric Motorcycle Manufacturers - Nordics 37 45 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $60.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $74.3M 2 - 10 1 Electric Vehicles (Voi) (# Cos: 264 | $2.3B) Automaker (Einride) (# Cos: 90 | $1.6B) Two Wheelers (STILRIDE) (# Cos: 16 | $94.6M) Motorcycles (CAKE) (# Cos: 10 | $74.3M) CAKE (2016, $74.0M) Fenris Motorcycles (2012, $346K) RMK Vehicle Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. CAKE (2016) $60.0M - Series B - Sep 2021
- 46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Enfuce (2016) $50.9M - Series C - Dec 2021 Enfuce (2016) $8.3M - Series B - Mar 2021 Open Banking APIs for Payments - Nordics 38 46 Back to index Payments (Pleo) (# Cos: 234 | $6.4B) Enablers (Zwipe) (# Cos: 48 | $5.3B) Open Banking APIs (Enfuce) (# Cos: 8 | $86.9M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $59.2M (▲595%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $86.9M 4 - 8 3 Enfuce (2016, $64.9M) Open Payments (2017, $4.9M) Nordic API Gateway (2010, $14.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 47. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Human Presence Detection Sensors - Nordics 39 47 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $56.6M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $83.6M 1 - 1 1 Sensors (IDEX) (# Cos: 166 | $278M) Industry Applications (Rocsole) (# Cos: 54 | $115M) Smart Infrastructure (UbiqiSense) (# Cos: 11 | $92.6M) Building Automation (Sensohive) (# Cos: 7 | $92.6M) Human Presence Detection (Novelda) (# Cos: 1 | $83.6M) Novelda (2004, $83.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Novelda (2004) $44.7M - Series D - Dec 2021 Novelda (2004) $11.9M - Series C - Feb 2021
- 48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Virta (2013) $36.0M - Series C - Apr 2021 Monta (2020) $17.0M - Series A - Dec 2021 eMabler (2019) $769K - Seed - Jun 2021 Electric Vehicle Charging Station Management Software - Nordics 40 48 Back to index Energy Storage Tech (Northvolt) (# Cos: 180 | $5.2B) Charging (Charge Amps) (# Cos: 88 | $114M) Station Management IT (Virta) (# Cos: 12 | $62.1M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $53.8M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $62.1M 5 - 12 3 Virta (2013, $36.0M) Monta (2020, $22.8M) eMabler (2019, $769K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Professional Service Robots - Nordics 41 49 Back to index Professional Service Robots (Kongsberg) (# Cos: 106 | $184M) Multi Utility (Blue Ocean Robotics) (# Cos: 10 | $80.4M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $51.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $80.4M 2 - 10 1 Blue Ocean Robotics (2013, $80.4M) Aquajet Halodi Robotics Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Blue Ocean Robotics (2013) $51.0M - Series B - Jan 2022
- 50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Congenital Heart Disease Treatment Devices - Nordics 42 50 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $49.2M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $70.8M 1 - 1 1 Cardiac and Vascular Disorders (Acarix) (# Cos: 74 | $254M) Medical Devices (Coala Life) (# Cos: 46 | $172M) Therapeutic Devices (CathVision) (# Cos: 16 | $131M) Congenital Heart Diseases (Occlutech) (# Cos: 1 | $70.8M) Occlutech (2003, $70.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Occlutech (2003) $49.2M - Series C - Dec 2021
- 51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds NMD Pharma (2015) $39.6M - Series B - Feb 2022 NMD Pharma (2015) $8.5M - Series A - Apr 2021 Neuromuscular Disorder Drugs - Nordics 43 51 Back to index Neurology (Nexstim) (# Cos: 98 | $589M) Drugs (Egalet) (# Cos: 47 | $483M) Neuromuscular (NMD Pharma) (# Cos: 3 | $118M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $48.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $118M 3 - 3 2 NMD Pharma (2015, $116M) Amniotics (2015, $2.1M) Oy Juvantia Pharma Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Online Fashion Retailer - Nordics 44 52 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $47.9M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 4 $168M 9 1 45 1 Fashion Tech (Re:newcell) (# Cos: 375 | $511M) B2C Commerce (Oura) (# Cos: 339 | $478M) Multi Category (Zadaa) (# Cos: 118 | $216M) Inventory-led (Caliroots) (# Cos: 51 | $175M) Retailer (NA-KD) (# Cos: 50 | $175M) Multi-brand (Boozt.com) (# Cos: 45 | $168M) Boozt.com (2006, $29.7M) NA-KD (2015, $137M) BRANTU (2016, $1.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. NA-KD (2015) $47.9M - Series C - Apr 2021
- 53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Doconomy (2018) $19.0M - Series B - Jan 2022 Doconomy (2018) $17.0M - Series B - Sep 2021 Normative (2014) $11.6M - Series A - Oct 2021 Carbon Footprint Awareness - Nordics 45 53 Back to index Air Pollution Management Tech (ClimateView) (# Cos: 93 | $200M) Carbon Management (Solar Foods) (# Cos: 53 | $144M) Carbon Footprint Awareness (Doconomy) (# Cos: 28 | $60.2M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $47.6M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $60.2M 13 - 28 2 Doconomy (2018, $36.0M) Normative (2014, $13.7M) ZeroNorth (2014, $10.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Wound Healing Drugs - Nordics 46 54 Back to index Wound Care (Molnlycke Health Care) (# Cos: 25 | $138M) Drugs (Ilya Pharma) (# Cos: 12 | $52.2M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $46.0M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $52.2M 10 2 12 2 Ilya Pharma (2016, $4.0M) Amniotics (2015, $2.1M) CytoKi Pharma (2019, $45.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. CytoKi Pharma (2019) $45.0M - Series A - May 2021 Colzyx (2016) $1.0M - Seed - Jan 2022 CytoKi Pharma (2019) $19.2K - Seed - Apr 2021
- 55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds P2P Wallet Remittance - Nordics 47 55 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $46.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $50.2M 3 - 4 2 Remittance (Nordic Payments) (# Cos: 29 | $61.5M) Internet First Platforms (B2B Pay) (# Cos: 22 | $50.5M) P2P Remittance (TransferGalaxy) (# Cos: 14 | $50.5M) Wallet Transfer (MAJORITY) (# Cos: 4 | $50.2M) MAJORITY (2019, $46.0M) TransferGalaxy (2014, $4.2M) PlingPay Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MAJORITY (2019) $27.0M - Series A - Dec 2021 MAJORITY (2019) $19.0M - Seed - Jun 2021
- 56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Internet First Homeowner Insurers - Nordics 48 56 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $45.0M (▲396%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $68.0M 1 - 1 1 Internet First Insurance Platforms (Insurello) (# Cos: 44 | $132M) Internet First Insurers (TM) (# Cos: 17 | $72.6M) P&C (Paydrive) (# Cos: 11 | $71.0M) Homeowners (Hedvig) (# Cos: 1 | $68.0M) Hedvig (2016, $68.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Hedvig (2016) $45.0M - Series B - Sep 2021
- 57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Accounts Receivables Payment Solutions - Nordics 49 57 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $45.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $58.2M 3 - 9 2 Payments (Pleo) (# Cos: 234 | $6.4B) Business Payments (Trustly) (# Cos: 118 | $483M) Mass Payouts (Enterpay) (# Cos: 14 | $80.0M) Invoice Payments (Billhop) (# Cos: 13 | $80.0M) Accounts Receivables (Billogram) (# Cos: 9 | $58.2M) Billogram (2011, $53.6M) Dicopay (2017, $4.5M) Billecta (2014, $140K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Billogram (2011) $45.0M - Series B - Sep 2021
- 58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Electric Truck Manufacturers - Nordics 50 58 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $43.7M (▲119%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $224M 3 - 3 2 Electric Vehicles (Voi) (# Cos: 264 | $2.3B) Automaker (CAKE) (# Cos: 90 | $1.6B) Commercial Vehicles (Volta Trucks) (# Cos: 19 | $229M) Trucks (Einride) (# Cos: 3 | $224M) Einride (2016, $160M) Volta Trucks (2019, $63.7M) Inzile Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Einride (2016) $110M - Series B - May 2021 Volta Trucks (2019) $43.7M - Series B - Sep 2021
- 59. Nordics Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies Nordics Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Nordics Tech Key News in FinTech Events in United States Angel Investors in Nordics Bluebox Companies Investment Activity Miscellaneous Company Detail Page of Klarna Competitors of RELEX Cap Table for TransferWise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports Delhivery - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 59
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- 61. Copyright © 2022, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Thank You 61 Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com