Insights
January 10, 2024

Report: Shape of the New Nordics 2023

A perspective on pre-seed to Series A technology startups and VCs across the Nordics and Baltics, based on findings from byFounders' original database.

Matias Salonen
Investor
Magnus Hambleton
Investor
Martin Krag
Partner
Report: Shape of the New Nordics 2023

Throughout the year, we at byFounders keep track of the pre-seed to Series A rounds in the Nordics and Baltics - or the New Nordics, as we call it.

This year, we are again sharing some insight into what we’ve seen, and highlighting a few companies from each country.

Interested in knowing:

  • How much capital was invested in New Nordic tech startups?
  • Who most active investor were?
  • How active non-European investor participation were?
  • How much funding impact startups received?
  • What the share of diverse founding teams or repeat founders was?
  • What new VC funds launched in the region?

We hope you enjoy the report, which you’ll find below.

More about the author(s)
Matias Salonen
Investor

As part of the investment team, Matias sources and evaluates investment opportunities, builds our internal investment theses, and supports portfolio companies and fund operations, including data-driven VC efforts.

Magnus Hambleton
Investor

Magnus is on the investment team.

Martin Krag
Partner

Martin is Partner at byFounders.

More about the author(s)
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