Tracxn - Top Business Models - Nordics Tech - Oct 2021
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The document provides an overview of top funded business models in the Nordics region over the last year. It includes: 1) A summary of total funding by business model, with the top 3 being energy storage tech, alternative lending, and electric vehicles. 2) Details on the top 50 funded business models, listing the business model, total funding, number of funding rounds, and details of the top round for each. 3) One-page profiles for some of the top business models, providing more context on companies in that space and their funding rounds.
Tracxn - Top Business Models - Nordics Tech - Oct 2021
- 1. TRACXN TOP BUSINESS MODELS REPORT October 01, 2021 NORDICS TECH
- 2. Nordics Tech - Top Business Models Report Copyright © 2021, 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 © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Funding in last 1 year 3 Energy Storage Tech $3.2B Alternative Lending $1.8B Electric Vehicles $1.1B Food Tech $641M Dermatology $585M Banking Tech $548M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Almi Invest PreSeed Ventures Y Combinator 12 8 7 Early Stage EQT Ventures Industrifonden Inventure 9 8 7 Late Stage Creandum Kinnevik Dawn Capital 7 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 Polestar (1996, ) $550M - Unattributed LEO Pharma (1908, ) $537M - PE Wolt (2014, ) $536M - Series E Epidemic Sound (2009, ) $450M - Series D KRY (2014, ) $317M - Series D Oda (2013, ) $265M - Series C Lunar (2015, ) $249M - Series D Gelato (2007, ) $240M - Series D GreenHydrogen (2007, ) $229M - Series C Stockholm (50%) Copenhagen (16%) Helsinki (7%) Oslo (6%) Gothenburg (6%) Others (15%)
- 4. Copyright © 2021, 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▲1 Lithium Ion Batteries $2.8B 1 Northvolt | $2.8B | Unattributed Link 2▼1 Internet First Point of Sale Financing $1.7B 5 Klarna | $1.0B | Series H Link 3-- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed Link 4▲6 Food Ordering Platforms $544M 2 Wolt | $536M | Series E Link 5▲132 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D Link 6<> 0 Web Based Platform for Doctor Consultation $418M 4 KRY | $317M | Series D Link 7▲15 Drugs for Multiple Cancer Types $305M 6 IO Biotech | $155M | Series B Link 8-- Internet First Banks with Partner Bank's License $297M 2 Lunar | $249M | Series D Link 9▲30 Alkaline Electrolyzers $229M 1 GreenHydrogen | $229M | Series C Link 10▲158 Digital Twin Modelling Software $225M 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.
- 5. Copyright © 2021, 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-- Oil and Gas Analytics Software $225M 2 Cognite | $150M | Series B Link 12▼9 B2B E-Commerce > Horizontal > Marketplace $200M 1 Tradeshift | $200M | Series F Link 13▼9 Accounts Payable and Receivable Management $200M 1 Tradeshift | $200M | Series F Link 14▼9 Supply Chain Financing $200M 1 Tradeshift | $200M | Series F Link 15-- Wine Listing and Recommendation Platforms $155M 1 Vivino | $155M | Series D Link 16-- Corporate Travel & Expense Cards $155M 2 Pleo | $150M | Series C Link 17▼8 Free Float Electric Kick Scooter Rentals $152M 2 Voi | $107M | Series C Link 18▼7 Open Banking API Providers $151M 2 Tink | $103M | Series D Link 19-- Internet First Corporate Credit Card Issuers $150M 1 Pleo | $150M | Series C Link 20▼3 Customer Service Software $131M 3 Dixa | $105M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 6. Copyright © 2021, 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-- iBuying Platforms $117M 1 Kodit.io | $117M | Series B Link 22-- Internet First P2P Personal Loans $115M 1 Lendify Sweden | $115M | Series D Link 23<> 0 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B Link 24<> 0 Autonomous Trucks $110M 1 Einride | $110M | Series B Link 25<> 0 Self-Driving Ecommerce Delivery Vehicles $110M 1 Einride | $110M | Series B Link 26▲5 Sleep Management Devices $105M 2 Oura | $100M | Series C Link 27▼7 Database as a Service (DBaaS) $100M 1 Aiven | $100M | Series C Link 28▼7 Infrastrucute as a Service for Big Data $100M 1 Aiven | $100M | Series C Link 29▲31 Smart Lockers $90.0M 1 Instabox | $90.0M | Series B Link 30-- Neurodegenerative Disorders Drugs $73.0M 1 Muna Therape.. | $73.0M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 7. Copyright © 2021, 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-- Automated Testing Tools $68.3M 2 Leapwork | $62.0M | Series B Link 32-- IT Ops Automation $68.3M 2 Leapwork | $62.0M | Series B Link 33-- IT Automation $68.3M 2 Leapwork | $62.0M | Series B Link 34-- Home Energy Management System $65.0M 1 Tibber | $65.0M | Series B Link 35-- Online B2C Packaged Surplus Food Products Delivery $64.1M 2 Matsmart | $40.9M | Series D Link 36-- Electric Truck Manufacturers $63.7M 3 Einride | $110M | Series B Link 37-- Real Money eSports Gaming Platforms $62.7M 2 G-Loot | $56.1M | Series C Link 38-- Collaborative Learning $62.1M 2 eloomi | $55.0M | Series B Link 39▲168 Fitness Center Management Softwares $61.0M 1 Lenus eHealth | $61.0M | Series A Link 40▼4 Document Template Management $60.0M 1 Templafy | $60.0M | Series D Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 8. Copyright © 2021, 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▲40 Virtual School Laboratories $60.0M 1 Labster | $60.0M | Series C Link 42▲279 Anti Bacterial Drugs $57.4M 2 Minervax | $57.4M | Series B Link 43-- Internet First Homeowner Insurers $54.1M 2 Hedvig | $45.0M | Series B Link 44-- Construction Project Management Software $54.0M 1 Volue | $54.0M | Series C Link 45-- Grid Management Solutions $54.0M 1 Volue | $54.0M | Series C Link 46-- Sustainable Recirculating Aquaculture Systems $49.3M 2 Proximar Sea.. | $49.3M | Series C Link 47-- Online Fashion Retailer $47.9M 2 NA-KD | $47.9M | Series C Link 48▲4 Superconducting Qubit $46.3M 1 IQM | $46.3M | Series A Link 49-- Electric Motorcycle Manufacturers $46.0M 1 CAKE | $46.0M | Series B Link 50-- Aesthetic Medicines $45.0M 3 LEO Pharma | $537M | PE Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 9. Copyright © 2021, 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 (▲354%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $4.4B 2 - 7 1 Energy Storage Tech (Everfuel) (# Cos: 164 | $5.1B) Battery (Altris) (# Cos: 22 | $4.4B) Secondary Battery (BroadBit) (# Cos: 9 | $4.4B) Lithium Ion (Northvolt) (# Cos: 7 | $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 © 2021, 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 $1.7B (▲95.2%) 5(▲66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $3.3B 2 - 5 1 Alternative Lending (Northmill) (# Cos: 171 | $3.6B) Online Lenders (Aprila Bank) (# Cos: 105 | $3.6B) Consumer Loans (Anyfin) (# Cos: 54 | $3.5B) Point of Sale Financing (ViaBill) (# Cos: 10 | $3.3B) Direct Lender (Klarna) (# Cos: 5 | $3.3B) Klarna (2005, $3.3B) Mash Paylevo 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 Klarna (2005) $14.5M - Series H - Mar 2021 Klarna (2005) $6.0M - Series H - May 2021 Klarna (2005) Undisclosed - Series G - Oct 2020
- 11. Copyright © 2021, 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 03 11 Back to index Electric Vehicles (Voi) (# Cos: 236 | $2.1B) Automaker (Einride) (# Cos: 81 | $1.6B) Cars (NEVS) (# 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 NEVS (2012, $500M) Uniti (2016, $2.6M) Polestar (1996, $550M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Food Ordering Platforms - Nordics 04 12 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $544M (▲395%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $860M 6 - 14 1 Food Tech (Oatly) (# Cos: 185 | $1.4B) Food Discovery and Ordering (Too Good To Go) (# Cos: 65 | $923M) Restaurant Aggregator (Hungry Group) (# Cos: 22 | $873M) Platform Delivered (Wolt) (# Cos: 14 | $860M) Wolt (2014, $860M) Pizza-online Godsmak.se Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Wolt (2014) $536M - Series E - Jan 2021 Wolt (2014) $8.8M - Angel - Oct 2020
- 13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Music Licensing Marketplace - Nordics 05 13 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: 162 | $2.8B) Music Artist IT (Soundtrap) (# Cos: 66 | $571M) Copyrights Management (Tracklib) (# Cos: 4 | $499M) 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
- 14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Web Based Platform for Doctor Consultation - 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 $418M (▲100%) 4(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $848M 16 - 38 4 Healthcare Booking Platforms (Liva Healthcare) (# Cos: 167 | $906M) Doctors (Doktor24) (# Cos: 86 | $862M) Telemedicine (Doktor.se) (# Cos: 68 | $862M) Teleconsultation (Min Doktor) (# Cos: 67 | $862M) Diversified (KRY) (# Cos: 38 | $848M) KRY (2014, $571M) Min Doktor (2013, $76.1M) Doktor.se (2016, $157M) 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) $5.5M - Series A - Dec 2020
- 15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds IO Biotech (2014) $155M - Series B - Jan 2021 Adcendo (2017) $61.6M - Series A - Apr 2021 Anocca (2014) $47.0M - Series B - Jul 2021 Scandion Oncology (2016) $27.2M - Series B - Nov 2020 Oblique Therapeutics (2015) $11.4M - Series A - Nov 2020 Axelar (2003) $3.8M - Seed - Nov 2020 Drugs for Multiple Cancer Types - Nordics 07 15 Back to index Oncology (Genmab) (# Cos: 158 | $1.7B) Drugs (Alligator Bioscience) (# Cos: 97 | $1.6B) Diversified (Symphogen) (# Cos: 75 | $1.4B) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $305M (▲754%) 6(▲20%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 4 $1.4B 58 17 75 5 Symphogen (2000, $539M) Alligator Bioscience (2001, $10.0M) Genmab (1999, $157M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Internet First Banks with Partner Bank's License - Nordics 08 16 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $297M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $371M 1 - 3 1 Banking Tech (Tink) (# Cos: 129 | $1.1B) Internet First Banks (Juni) (# Cos: 29 | $605M) Through Bank Partnerships (Holvi) (# Cos: 16 | $485M) Diversified (Lunar) (# Cos: 3 | $371M) Lunar (2015, $371M) Okapi Finance Internat.. Bueno Group Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Lunar (2015) $249M - Series D - Jul 2021 Lunar (2015) $47.3M - Series C - Oct 2020
- 17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Alkaline Electrolyzers - Nordics 09 17 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: 164 | $5.1B) Hydrogen Refueling (Everfuel) (# Cos: 15 | $305M) Hydrogen Generation (Hystar) (# Cos: 6 | $266M) Electrolysis (Hymeth) (# 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
- 18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Cognite (2016) $150M - Series B - May 2021 Cognite (2016) $75.0M - Series A - Oct 2020 Digital Twin Modelling Software - Nordics 10 18 Back to index Digital Twin (Aker Solutions) (# Cos: 24 | $230M) Development Tools (Sensative) (# Cos: 3 | $228M) Modelling (Cognite) (# Cos: 3 | $228M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $225M (▲7796%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $228M 2 - 3 2 Cognite (2016, $225M) Sensative (2013, $2.8M) Cevia Digital Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Cognite (2016) $150M - Series B - May 2021 Cognite (2016) $75.0M - Series A - Oct 2020 Oil and Gas Analytics Software - Nordics 11 19 Back to index Oil & Gas Tech (Aker Solutions) (# Cos: 122 | $403M) Tech for Vertically Integrated Players (MMT) (# Cos: 11 | $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 $225M ( -- ) 2( -- ) 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.
- 20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Tradeshift (2010) $200M - Series F - Mar 2021 B2B E-Commerce > Horizontal > Marketplace - Nordics 12 20 Back to index B2B E-Commerce (inRiver) (# Cos: 89 | $1.1B) Horizontal (TradingFoe) (# Cos: 9 | $976M) Marketplace (Tradeshift) (# Cos: 5 | $973M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $200M (▼16.7%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $973M 3 - 5 1 Tradeshift (2010, $973M) TradingFoe StockonDeals Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Tradeshift (2010) $200M - Series F - Mar 2021 Accounts Payable and Receivable Management - Nordics 13 21 Back to index Finance & Accounting Tech (Zervant) (# Cos: 314 | $1.5B) Accounting Solutions (Pleo) (# Cos: 219 | $1.4B) Account Payables & Receivables (Tradeshift) (# Cos: 3 | $974M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $200M (▼16.7%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $974M 3 - 3 1 Tradeshift (2010, $973M) Qvalia (2007, $1.3M) Pagero Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Supply Chain Financing - 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 $200M (▼16.7%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $973M 4 - 4 1 SCM Software (Confidex) (# Cos: 91 | $1.2B) Spend Management (Medius) (# Cos: 35 | $1.1B) Procure To Pay (Basware) (# Cos: 20 | $1.1B) Supply Chain Financing (Tradeshift) (# Cos: 4 | $973M) Tradeshift (2010, $973M) 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 - Mar 2021
- 23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Wine Listing and Recommendation Platforms - 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 $155M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $224M 2 - 2 1 Online Grocery (MatHem.se) (# Cos: 123 | $914M) B2C Ecommerce (Nemlig) (# Cos: 86 | $883M) Beverages (Slurp) (# Cos: 24 | $227M) Alcoholic (Pint Please) (# Cos: 15 | $226M) Wine (UrbanWineBox) (# Cos: 6 | $226M) Listing and Recommendation (Vivino) (# Cos: 2 | $224M) Vivino (2010, $224M) Vinguiden Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Vivino (2010) $155M - Series D - Feb 2021
- 24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Corporate Travel & Expense Cards - 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 $155M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $239M 3 - 7 1 Finance & Accounting Tech (Zervant) (# Cos: 314 | $1.5B) Accounting Solutions (Tradeshift) (# Cos: 219 | $1.4B) Procure to Pay (Billhop) (# Cos: 63 | $258M) Travel & Expense (St1) (# Cos: 27 | $239M) Card Solutions (Pleo) (# Cos: 7 | $239M) Pleo (2015, $234M) St1 EedenBull Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pleo (2015) $150M - Series C - Jun 2021 Zevoy (2020) $4.5M - Series A - Sep 2021
- 25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Free Float Electric Kick Scooter Rentals - Nordics 17 25 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $152M (▲32.2%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $349M 1 - 16 1 Electric Vehicles (Einride) (# Cos: 236 | $2.1B) Vehicle as a Service (Cogo) (# Cos: 45 | $386M) Kick Scooters (Ryde Technology) (# Cos: 19 | $349M) Free Float (Voi) (# Cos: 16 | $349M) Voi (2018, $349M) Ryde Technology Hopp Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Voi (2018) $107M - Series C - Dec 2020 Voi (2018) $45.0M - Series C - Aug 2021
- 26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Tink (2012) $103M - Series D - Dec 2020 Tink (2012) $47.9M - Series D - Apr 2021 Open Banking API Providers - Nordics 18 26 Back to index Banking Tech (Lunar) (# Cos: 129 | $1.1B) Open Banking (Enfuce) (# Cos: 19 | $399M) Banking APIs (Tink) (# Cos: 10 | $373M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $151M (▲44%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $373M 3 - 10 1 Tink (2012, $359M) Nordic API Gateway (2010, $14.4M) Saxo Payments Banking .. Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Internet First Corporate Credit Card Issuers - Nordics 19 27 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $150M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $234M 1 - 3 1 Payments (Zettle) (# Cos: 226 | $6.0B) Consumer Payments (Gimi) (# Cos: 67 | $352M) Payment Cards (ePassi) (# Cos: 20 | $307M) Credit Cards (MAJORITY) (# Cos: 6 | $253M) Corporate Cards (Pleo) (# Cos: 3 | $234M) Pleo (2015, $234M) First Card Perfekti Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Pleo (2015) $150M - Series C - Jun 2021
- 28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Customer Service Software - Nordics 20 28 Back to index Customer Service Software (Boost.ai) (# Cos: 117 | $269M) Suite (Dixa) (# Cos: 6 | $192M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $131M (▲208%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $192M 2 - 6 2 Dixa (2015, $164M) Ultimate (2014, $28.1M) IOdesk Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Dixa (2015) $105M - Series C - Jul 2021 Ultimate (2014) $20.0M - Series A - Dec 2020 Dixa (2015) $6.0M - Series B - Jan 2021
- 29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds iBuying Platforms - Nordics 21 29 Back to index Residential Real Estate Tech (Hemnet) (# Cos: 61 | $151M) Online Resellers (Kodit.io) (# Cos: 1 | $122M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $117M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $122M 1 - 1 1 Kodit.io (2017, $122M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Kodit.io (2017) $117M - Series B - Oct 2020
- 30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Internet First P2P Personal Loans - 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 $115M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $117M 3 - 7 0 Alternative Lending (Aprila Bank) (# Cos: 171 | $3.6B) Online Lenders (Anyfin) (# Cos: 105 | $3.6B) Consumer Loans (Klarna) (# Cos: 54 | $3.5B) Personal Loans (Fairlo) (# Cos: 19 | $118M) Marketplace (LendLink) (# Cos: 11 | $117M) P2P (Lendify Sweden) (# Cos: 7 | $117M) Lendify Sweden (2014, $117M) LendLink CashMarket Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Lendify Sweden (2014) $115M - Series D - Oct 2020
- 31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Autonomous Electric Truck Manufacturers - Nordics 23 31 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $110M (▲214%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $160M 1 - 1 1 Electric Vehicles (Voi) (# Cos: 236 | $2.1B) Automaker (CAKE) (# Cos: 81 | $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
- 32. Copyright © 2021, 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 24 32 Back to index Autonomous Vehicles (Imagimob) (# Cos: 22 | $180M) 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 (▲214%) 1(▼50%) 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.
- 33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Self-Driving Ecommerce Delivery Vehicles - Nordics 25 33 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $110M (▲214%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $160M 1 - 1 1 Logistics Tech (Xeneta) (# Cos: 294 | $619M) Ecommerce Logistics (Budbee) (# Cos: 47 | $404M) 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
- 34. Copyright © 2021, 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 $105M (▲275%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $162M 6 - 12 1 Fitness & Wellness Tech (Endomondo) (# Cos: 355 | $296M) Mind & Body Wellness (Flow Neuroscience) (# Cos: 73 | $177M) Sleep Management (Beddit) (# Cos: 25 | $165M) Devices (Oura) (# Cos: 12 | $162M) Oura (2013, $148M) Beddit (2007, $8.0M) Nox Medical 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 Nukute (2015) $4.9M - Series A - Feb 2021
- 35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Database as a Service (DBaaS) - Nordics 27 35 Back to index Database Technology (DbVis Software) (# Cos: 26 | $160M) DBaaS (Aiven) (# Cos: 3 | $151M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $100M (▲150%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $151M 1 - 3 1 Aiven (2016, $151M) 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
- 36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Infrastrucute as a Service for Big Data - Nordics 28 36 Back to index Big Data Infrastructure (Starcounter) (# Cos: 11 | $153M) IaaS (Aiven) (# Cos: 1 | $151M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $100M (▲150%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $151M 1 - 1 1 Aiven (2016, $151M) 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
- 37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Smart Lockers - Nordics 29 37 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $90.0M (▲492%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $105M 2 - 5 1 Logistics Tech (Einride) (# Cos: 294 | $619M) Ecommerce Logistics (Budbee) (# Cos: 47 | $404M) Access Point (Instabox) (# Cos: 6 | $105M) Locker (Posten) (# Cos: 5 | $105M) Posten Instabox (2015, $105M) SwipBox Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Instabox (2015) $90.0M - Series B - Feb 2021
- 38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Muna Therapeutics (2020) $73.0M - Series A - Jul 2021 Neurodegenerative Disorders Drugs - Nordics 30 38 Back to index Neurology (Nexstim) (# Cos: 96 | $561M) Drugs (Egalet) (# Cos: 46 | $440M) Neurodegenerative (Lundbeck) (# Cos: 19 | $95.9M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $73.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $95.9M 13 4 19 1 Lundbeck Integrative Research L.. (2013, $3.4M) Nanoform Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Automated Testing Tools - Nordics 31 39 Back to index Software Testing Tools (Bitbar) (# Cos: 55 | $126M) 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 2 $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
- 40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds IT Ops Automation - Nordics 32 40 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: 16 | $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
- 41. Copyright © 2021, 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 33 41 Back to index IT Operations (Humio) (# Cos: 95 | $446M) ITOM (LogPoint) (# Cos: 61 | $285M) 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.
- 42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Home Energy Management System - 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 $65.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $78.7M 4 - 7 1 Energy Efficiency Tech (Eliq) (# Cos: 196 | $468M) Energy Management System (Greenbyte) (# Cos: 96 | $151M) Building Automation Systems (Asetek) (# Cos: 43 | $131M) HEMS (Tibber) (# Cos: 7 | $78.7M) Tibber (2016, $77.0M) Viva Smart Home (2013, $1.7M) True Energy Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Tibber (2016) $65.0M - Series B - Nov 2020
- 43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Online B2C Packaged Surplus Food Products Delivery - 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 $64.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $105M 3 - 3 2 Online Grocery (Nemlig) (# Cos: 123 | $914M) B2C Ecommerce (Vivino) (# Cos: 86 | $883M) Surplus Products (YourLocal) (# Cos: 6 | $105M) Packaged Food Products (Matsmart) (# Cos: 3 | $105M) Matsmart (2012, $80.0M) YourLocal (2015, $1.2M) 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
- 44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Electric Truck Manufacturers - Nordics 36 44 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $63.7M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $224M 3 - 3 2 Electric Vehicles (Voi) (# Cos: 236 | $2.1B) Automaker (CAKE) (# Cos: 81 | $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 Volta Trucks (2019) $20.0M - Series B - Jan 2021
- 45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Real Money eSports Gaming Platforms - 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 $62.7M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $106M 2 - 6 1 eSports (Critical Force) (# Cos: 46 | $420M) eSports Platforms (Epulze) (# Cos: 17 | $120M) Competitive Gaming (Challengermode) (# Cos: 14 | $120M) Real Money Gaming (G-Loot) (# Cos: 6 | $106M) G-Loot (2012, $99.4M) Epulze (2015, $6.5M) Sventertainment Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. G-Loot (2012) $56.1M - Series C - Oct 2020 Epulze (2015) $6.5M - Series A - Apr 2021
- 46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds eloomi (2015) $55.0M - Series B - Jun 2021 eloomi (2015) $7.1M - Series A - Oct 2020 Collaborative Learning - Nordics 38 46 Back to index HRTech (Peakon) (# Cos: 643 | $715M) LMS (Kahoot) (# Cos: 79 | $216M) Collaborative Learning (eloomi) (# Cos: 9 | $78.0M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $62.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $78.0M 2 - 9 1 eloomi (2015, $78.0M) Sparkwork UQualio Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Fitness Center Management Softwares - 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 $61.0M (▲3025%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $66.6M 5 - 10 1 Fitness & Wellness Tech (Oura) (# Cos: 355 | $296M) Tools for Fitness Professionals (Physiotools) (# Cos: 34 | $66.6M) Fitness Centers (Vint) (# Cos: 15 | $66.6M) Suite (Lenus eHealth) (# Cos: 10 | $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
- 48. Copyright © 2021, 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 40 48 Back to index Enterprise Information Management (Stravito) (# Cos: 62 | $204M) Enterprise Content Management (Xait) (# Cos: 33 | $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.
- 49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Virtual School Laboratories - Nordics 41 49 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 (▲567%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 1 - 1 1 K-12 EdTech (Kahoot) (# Cos: 252 | $254M) B2B2C Learning Solutions (Ugglo) (# Cos: 47 | $140M) School Curriculum (Lyfta) (# Cos: 40 | $139M) Multi Subject (Kognity) (# Cos: 35 | $131M) Activity Based Learning (Kide Science) (# Cos: 19 | $104M) Virtual Labs (Labster) (# Cos: 1 | $100M) Labster (2011, $100M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Labster (2011) $60.0M - Series C - Feb 2021
- 50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Minervax (2010) $57.4M - Series B - Dec 2020 UNION Therapeutics (2013) $15.7K - Series A - Feb 2021 Anti Bacterial Drugs - Nordics 42 50 Back to index Infectious Diseases (Q-linea) (# Cos: 85 | $940M) Drugs (Bavarian Nordic) (# Cos: 51 | $282M) Bacterial (SNIPR Biome) (# Cos: 24 | $151M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $57.4M (▲ >10K%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $151M 17 2 24 3 SNIPR Biome (2015, $52.9M) UNION Therapeutics (2013, $25.1M) Minervax (2010, $66.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Internet First Homeowner Insurers - Nordics 43 51 Back to index Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $54.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $68.0M 1 - 1 1 Internet First Insurance Platforms (Insurello) (# Cos: 41 | $132M) Internet First Insurers (TM) (# Cos: 16 | $76.4M) P&C (Paydrive) (# Cos: 11 | $74.8M) 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 Hedvig (2016) $9.1M - Series A - Oct 2020
- 52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Volue (2020) $54.0M - Series C - Oct 2020 Construction Project Management Software - Nordics 44 52 Back to index Construction Tech (Cramo) (# Cos: 226 | $594M) Project Management (Infobric) (# Cos: 109 | $73.2M) Suite (Volue) (# Cos: 26 | $54.0M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $54.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $54.0M 3 - 26 1 Volue (2020, $54.0M) Bygglet Holte Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Volue (2020) $54.0M - Series C - Oct 2020 Grid Management Solutions - Nordics 45 53 Back to index Smart Grid (Eliq) (# Cos: 74 | $202M) Grid Management (eSmart Systems) (# Cos: 22 | $113M) Diversified (Volue) (# Cos: 2 | $54.0M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $54.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $54.0M 2 - 2 1 Volue (2020, $54.0M) PowerSense Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Proximar Seafood (2015) $49.3M - Series C - Jan 2021 Ecofisk (2018) Undisclosed - Seed - Nov 2020 Sustainable Recirculating Aquaculture Systems - Nordics 46 54 Back to index Aquaculture Tech (Stingray) (# Cos: 83 | $75.0M) Sustainable Farming (Nordic Aquafarms) (# Cos: 12 | $49.3M) Recirculating Aquaculture Systems (RAS) (Proximar Seafood) (# Cos: 10 | $49.3M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $49.3M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $49.3M 3 - 10 0 Proximar Seafood (2015, $49.3M) Nordic Aquafarms Ecofisk Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Online Fashion Retailer - 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 $47.9M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $168M 10 1 38 1 Fashion Tech (Re:newcell) (# Cos: 329 | $501M) B2C Commerce (Oura) (# Cos: 296 | $467M) Multi Category (Zadaa) (# Cos: 106 | $211M) Inventory-led (BRANTU) (# Cos: 43 | $175M) Retailer (NA-KD) (# Cos: 42 | $175M) Multi-brand (Boozt.com) (# Cos: 38 | $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 BRANTU (2016) Undisclosed - Series A - Nov 2020
- 56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds IQM (2018) $46.3M - Series A - Nov 2020 Superconducting Qubit - Nordics 48 56 Back to index Quantum Computing (Quantastica) (# Cos: 5 | $85.4M) ASICs (SparrowQuantum) (# Cos: 2 | $85.4M) Superconducting Qubit (IQM) (# Cos: 1 | $84.2M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $46.3M (▲171%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $84.2M 1 - 1 1 IQM (2018, $84.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds Electric Motorcycle Manufacturers - 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 $46.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $60.3M 2 - 9 1 Electric Vehicles (Voi) (# Cos: 236 | $2.1B) Automaker (Einride) (# Cos: 81 | $1.6B) Two Wheelers (Vassla) (# Cos: 14 | $77.3M) Motorcycles (CAKE) (# Cos: 9 | $60.3M) CAKE (2016, $60.0M) 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) $46.0M - Series B - Sep 2021
- 58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Nordics Tech - Top Business Models Report Recent Funding Rounds LEO Pharma (1908) $537M - PE - Mar 2021 CytoKi Pharma (2019) $45.0M - Series A - May 2021 CytoKi Pharma (2019) $19.2K - Seed - Apr 2021 Aesthetic Medicines - Nordics 50 58 Back to index Dermatology (SciBase) (# Cos: 33 | $683M) Drugs (UNION Therapeutics) (# Cos: 15 | $639M) Aesthetics (LEO Pharma) (# Cos: 9 | $613M) Taxonomy $ Invested in last 1 year in Nordics Tech Key Stats # Funding Rounds in last 1 year in Nordics Tech $45.0M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $613M 9 - 9 2 LEO Pharma (1908, $559M) Cytovation (2001, $3.6M) Lipidor Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 59. Nordics Tech - Top Business Models Report Copyright © 2021, 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 Wolt 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
- 60. Nordics Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Explore other Reports on Tracxn HRTech InsurTech Food Tech Novel Foods Blockchain Network P2P Remittance Business Model Reports Consumer Digital - Nordics Enterprise Tech - Nordics Life Sciences - Nordics Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Transferwise Coursera BigBasket Feed Reports Top Business Models in PA FinTech Enterprise Applications Artificial Intelligence Geo Monthly Reports US Tech Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech 60
- 61. Copyright © 2021, 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