Nordic Secondary Fund

Wingcopter GmbH is a German manufacturer of advanced delivery drones, specializing in unmanned aircraft systems designed for both social and civilian applications. Founded in 2014 and based in Darmstadt, the company focuses on optimizing medical supply chains and last-mile logistics for various sectors, including healthcare, agriculture, forestry, and mining. Its flagship model, the Wingcopter 198, features a patented tilt-rotor mechanism that allows for vertical takeoff and landing while enabling efficient long-distance flight, even under challenging weather conditions. The drones are utilized for delivering essential items such as medicines, vaccines, and food to remote locations, as well as for inspecting public infrastructure. Wingcopter's commitment to improving and saving lives has garnered recognition, including being named a Technology Pioneer by the World Economic Forum in 2020. The company employs a dedicated team of 120 professionals focused on meaningful commercial and humanitarian applications.

Remora Robotics, a Norwegian technology company, specializes in aquaculture robotics. It develops autonomous cleaning robots designed to maintain and inspect fish farming pens. Their modular, electric-powered system cleans and inspects fish nets daily, preventing biofouling, enhancing fish welfare, and providing data for operational optimization. This reduces the need for harmful chemicals and manual labor in the aquaculture industry.

Minut designs and markets a smart home security solution that monitors noise, temperature, motion, and other environmental factors through a camera-free sensor system. The device uses infrared motion detection and a microphone to detect unusual activity and sends alerts to users via a smartphone app, supporting home security, safety, guest privacy, and short-term rental monitoring. Founded in 2014 as Form Devices, Minut is headquartered in Malmö, Sweden, with operations in Shenzhen, China.

Swappie is a company that focuses on the refurbishment and sale of used smartphones, particularly iPhones. It operates an online marketplace where consumers can purchase high-quality, refurbished smartphones at competitive prices. Swappie buys used devices, which undergo a stringent 52-step testing and refurbishment process to ensure they meet strict quality standards. This process includes checking hardware and software functionality, replacing defective parts, and thoroughly cleaning each device. By offering affordable, tested smartphones, Swappie provides a convenient solution for consumers seeking reliable mobile devices.

Nosto is a company that provides a commerce experience platform tailored for the e-commerce industry, focusing on online marketing automation. Its platform-independent software as a service (SaaS) solution enhances the online shopping experience by delivering personalized product recommendations in real-time. Designed for online retailers of all sizes, Nosto's plug-and-play technology allows for easy implementation without requiring back-end integration. This capability enables retailers to keep both product and shopper data updated in real-time, facilitating the creation, launch, and optimization of multi-channel marketing campaigns. By automating marketing activities, Nosto helps increase conversion rates, customer retention, and overall store revenues.

DTE introduces breakthrough real-time process control analytics for metals production and processing towards Industry 4.0, through our robotic hardware and software solutions, automating current manual sampling processes for improved quality, cost, efficiency and safety.

Cleveron is a technology and logistics company based in Estonia. It specializes in self-service parcel terminals, allowing customers to send and receive postal parcels conveniently. The company designs, manufactures, and operates these terminals, along with associated software solutions for efficient parcel distribution. Cleveron also provides consulting services to help businesses implement and operate its innovative parcel delivery systems.

Varjo Technologies, established in 2016 and based in Helsinki, Finland, specializes in the development of high-fidelity virtual and augmented reality headsets. Its flagship product features a unique bionic display, offering human-eye resolution in the central field of view, surrounded by lower-resolution displays. This design mimics human vision, enhancing immersion and performance in VR and AR experiences. Varjo's customer base includes prominent industry leaders such as Boeing, Lockheed Martin, and Audi, demonstrating the practical applications of its technology in various sectors. The company aims to transform how people work, interact, and play by pioneering metaverse technologies.

Bob W is a provider of short-stay accommodation services that offers an alternative to traditional hotels. The company operates a managed marketplace of serviced apartments that combine the quality standards and amenities of a lifestyle hotel with the authenticity and functionality of a home. Each apartment is locally designed, work-friendly, and equipped with hotel linens and professional cleaning services. Additionally, the accommodations feature fully equipped kitchens, access to local gyms, and curated breakfast options. This approach allows travelers to easily find and enjoy short-stay accommodations tailored to their needs while ensuring a high standard of service and ecological mindfulness.

Eurora operates a technology-driven platform designed to streamline global trade compliance processes for e-commerce businesses. Its AI-powered solution automates complex tasks like customs declarations, VAT registrations, and duty/tax calculations, thereby facilitating international trade expansion for its clients.

Hiber is a Gothenburg-based platform that enables users to create and play 3D interactive experiences without coding across web browsers and mobile devices. Founded in 2017, it operates a social gaming and entertainment ecosystem centered on HiberWorld, a web-based environment where people can build and share 3D worlds, games, and social spaces. The platform evolved from browser-based creation to include touch-enabled mobile creation, expanding access and user-generated content to more than a million experiences such as virtual worlds, 3D hangouts, games, and interactive exhibits. Hiber supports no-code and coding options and, with AI-powered features and natural-language input, aims to let users express themselves through interactive 3D media accessible from mobile and desktop devices.

Kilo Health is a leading digital health company with over 6.5 million customers globally. It offers innovative products in chronic disease management, mental health improvement, and healthy habit change. Established in 2014, the company has grown to employ over 600 experts across five European cities. Kilo Health was recognized as the second-fastest-growing company in Europe by FT 1000 in 2021.

IXI is a company focused on advancing optical eyeglasses technology to enhance vision. It specializes in innovative lenses designed to offer a wide and clear field of view for both near and intermediate distances, effectively addressing the shortcomings of conventional progressive lenses. By providing a farsighted eyeglass prescription, IXI enables users to read and work with optimal vision without the need for multifocal lenses or constant switching of eyeglasses. The company aims to modernize traditional eyeglass optics, ensuring that individuals can experience vision as nature intended.

TransferGo is a global money transfer company that enables individuals and businesses to send money internationally through a digital account-to-account platform. Headquartered in London, it offers online transfers with same-day delivery to selected destinations and aims to provide economical rates compared with banks and cash bureaus. The service targets migrant workers sending funds home and businesses paying suppliers, charging a fixed transfer fee and a currency conversion margin per transaction.

Fastspeed is a Danish broadband startup that provides internet services for residential and business customers. It offers high-quality broadband through fiber, coaxial and 5G technologies to deliver fast, reliable and stable connectivity, with a focus on strong customer service and attractive pricing across Denmark.

Hedvig AB is an innovative insurance provider based in Stockholm, Sweden, founded in 2016. The company offers a range of insurance products including home, contents, travel, and accident insurance, as well as coverage for personal belongings such as bicycles and mobile phones. Launched in 2018, Hedvig has expanded its services to all Scandinavian countries and operates as an EU-licensed carrier. The company distinguishes itself through a focus on customer service and efficient claims handling, aiming to create a user-friendly experience that resonates with clients.

Unacast is a New York-based company that operates a global location and proximity platform. Founded in 2016 by Thomas Walle and Kjartan Slette, Unacast connects beacons and other proximity sensors to online marketing platforms, providing companies with accurate and transparent location data. This data helps businesses understand human activity in the physical world, enabling them to make informed decisions and build better products. Unacast's platform is designed to maintain and protect user privacy while offering insights into customer behavior, allowing brands and retailers to retarget customers online based on their offline activities. The company has been recognized for its innovative platform and growth.

Bokio AB, founded in 2015 and based in Gothenburg, Sweden, specializes in developing and marketing accounting software that leverages artificial intelligence. The company provides solutions for bookkeeping, invoicing, and payroll services, making accounting accessible to small business owners, particularly in the UK. Its platform automates various financial processes, allowing users to efficiently manage their finances in one place. Additionally, Bokio serves as a marketplace for supplementary services that assist small business owners in simplifying their operations, including finding optimal insurance and pension solutions. The company also collaborates with partners to offer services like invoice sales to enhance liquidity and facilitates the sending of payslips and invoices through conventional mail, encompassing printing, envelopes, and postage.

Founded in 2012, Sonarworks develops software that calibrates sound for headphones and speakers. Its products include Reference 4 (for studios), True-Fi (for listeners), and SoundID technology, which personalizes audio experiences based on individual hearing preferences. Used by professionals and consumers alike, the company's software improves sound quality across various devices.

Na-kd is an innovative online fashion marketplace that caters primarily to a global audience of fashion enthusiasts. The platform focuses on providing a diverse range of women's clothing, including trousers, jeans, sweaters, trendy dresses, and accessories. By leveraging a mobile-based shopping experience, Na-kd simplifies the process of purchasing fashionable apparel. Additionally, the company offers a unique merchant service designed to enhance the e-commerce capabilities of digital brands and social influencers, thereby expanding its reach and influence within the fashion industry. Na-kd is backed by the founding team of a successful online fashion store, which adds to its credibility and expertise in the sector.

Cobiro is an innovative company that specializes in artificial intelligence solutions for Google Ads and Google Shopping, aimed at helping small businesses enhance their online advertising efforts. Founded by Bo Krogsgaard and Anders Ibsen, Cobiro has developed a platform that automates the management of Google advertising, utilizing advanced algorithms trained on data from over 3,000 online stores over four years. The platform currently manages more than 170 million keywords and has demonstrated superior performance in ad optimization compared to traditional human efforts. Additionally, Cobiro offers a website builder that empowers digital agencies and marketers, focusing on e-commerce and online sales strategies. This comprehensive approach enables clients to improve their financial performance and achieve greater returns while keeping pace with the latest innovations in the industry.

Funderbeam is a platform connecting companies seeking investment with potential investors, facilitating equity stake transactions. Founded in 2013, it offers services including funding management, legal support, and investor networking.

FIIZY is a fintech company that provides real-time access to large investment data and frictionless customer onboarding through a white-label SaaS financing platform. The platform serves banks and lenders by connecting customers and offering smart financing decisions, with the aim of boosting conversion rates and basket values. It uses machine learning to analyze data from lenders, third parties, and customers to predict the most suitable offers, enabling businesses to present optimal financing options and streamline approvals.

Empirical is a company dedicated to the exploration and innovation of flavors, traditions, technologies, and techniques in the beverage industry. By focusing on the maximization of flavor creation, extraction, and precision fermentation, Empirical produces a diverse range of distilled spirits that offer unique tasting experiences. Their product lineup includes an array of wines and unconventional beverages crafted from unusual ingredients such as oysters, roasted chicken skin, smoked juniper, bergamot, and fruit pith. This approach not only redefines traditional beverage production but also fosters dialogue around new flavor profiles, allowing consumers to experience a novel spectrum of flavors in alcoholic drinks.

Founded in 2014, Mintos is Europe's leading investment platform facilitating peer-to-peer lending. It connects consumers seeking affordable loans with investors looking for attractive returns. With over €600 million in assets under management and more than 500,000 registered users, Mintos offers automated and manual investment strategies, enabling users to build diversified portfolios.

Challengermode AB, established in 2014 and headquartered in Stockholm, Sweden, operates an online competitive gaming platform. It enables regular gamers to compete professionally in popular computer games like League of Legends and Counter-Strike. The platform automates tournament management, facilitates community engagement, and allows users to participate in competitions and leagues across various devices. Additionally, it offers features for gamers to monetize their skills and host their own tournaments, fostering community growth and engagement.

Goodiebox ApS is an online cosmetics company based in Copenhagen, Denmark, founded in 2012. It specializes in providing a subscription service that delivers a curated box of beauty products to women aged 15 to 35. The company features a diverse selection of cosmetics, including face masks, primers, cleansers, toners, shampoos, conditioners, lotions, and serums, allowing customers to access everyday beauty essentials conveniently. Goodiebox also creates opportunities for both large international brands and smaller niche brands to reach a targeted audience, fostering direct relationships between beauty brands and consumers.

CathVision ApS is a Danish company founded in 2010, specializing in the development of innovative electrophysiology (EP) recording systems aimed at improving the treatment of cardiac arrhythmias. Its flagship product, the CathVision Cube, is designed to interface with existing diagnostic, mapping, and ablation catheters, providing low-noise recordings that enhance the precision of cardiac ablation procedures. The company also offers advanced software solutions that facilitate real-time streaming of EP signals and support multiple review windows for detailed analysis at remote workstations or physician monitors. Leveraging artificial intelligence, CathVision's technology aids in the streaming, analyzing, and storing of EP data, ultimately enabling healthcare professionals to make informed decisions during ablation therapy.

Norlase is a global ophthalmic medical device company specializing in next-generation laser solutions for retina and glaucoma treatments. They offer innovative products like ECHO, the world's first portable pattern laser with wireless capabilities and voice control, and LEAF, an ultra-compact green laser photocoagulator that attaches directly to slit lamps.

Varjo Technologies, established in 2016 and based in Helsinki, Finland, specializes in the development of high-fidelity virtual and augmented reality headsets. Its flagship product features a unique bionic display, offering human-eye resolution in the central field of view, surrounded by lower-resolution displays. This design mimics human vision, enhancing immersion and performance in VR and AR experiences. Varjo's customer base includes prominent industry leaders such as Boeing, Lockheed Martin, and Audi, demonstrating the practical applications of its technology in various sectors. The company aims to transform how people work, interact, and play by pioneering metaverse technologies.

Klarna is a technology-driven payments company that provides a platform for connecting consumers and merchants with flexible payment options for online and offline shopping. It offers direct payments, pay-after-delivery options, and installment plans, supported by a mobile app that enhances the shopping experience with flexible payment options and cashback rewards. The company operates across multiple countries and serves merchants with payment solutions and tailored advertising services, including messaging and insights features. Klarna is known for its buy now, pay later model, enabling interest-free financing for purchases divided into installments.

GoMore is a platform that specializes in peer-to-peer car rental and private car leasing, utilizing a lease-and-rent-out model. With over 3 million users across countries including Spain, Switzerland, Austria, Denmark, Finland, and Sweden, it enables individuals to rent cars from private owners. The platform leverages social and mobile technology to facilitate car-sharing, allowing customers to share transport costs while promoting a reduction in the number of cars on the road. Through its innovative approach, GoMore aims to provide convenient and sustainable transportation solutions.

MapsPeople develops a cloud-based SaaS platform for indoor navigation in large buildings. Its primary product, MapsIndoors, is used across 50 countries to optimize building functionality, enhance accessibility, and improve visitor navigation. The company generates revenue through MapsIndoors subscriptions, Google Maps licensing, and additional services.

Click & Grow is a technology company that develops smart indoor gardening systems designed to automate plant care in homes. Its product line includes a modular desktop growing system that uses a nano-material growth medium, along with sensors, processors, and software to automatically balance oxygen, water, and nutrients for multiple plants. The lineup features Smart Herb Garden, Smart Herb Garden Refills, Smart Flowerbed and related accessories, aimed at enabling effortless, pesticide-free cultivation in urban settings. The company markets its solutions online in the United States and Europe. Founded in 2010 and headquartered in Palo Alto, California, Click & Grow focuses on making indoor farming simple and accessible, reducing the need for manual watering and fertilizing.

Actimo ApS is a Copenhagen-based company established in 2010 that specializes in developing a mobile dialogue platform aimed at enhancing communication within businesses. The platform focuses on improving mobile mass communications to employees and customers, offering solutions that facilitate internal communication, employee training, and customer support. Actimo's application enables team managers to engage with employees effectively by sending important updates and tracking performance, thereby optimizing operational efficiency and customer satisfaction. The company also provides automation and API solutions, making it easier for businesses to integrate their communication processes. As of October 2020, Actimo operates as a subsidiary of Kahoot! AS.

ROOM is a startup that specializes in reshaping the modern workspace. It designs a modern workplace system through flexible alternatives that make more room for people at work and also build prefabricated, self-assembled, sound-proofed, ventilated, and powered booths. It enables users to make extra room in the budget without compromising quality and provides employees with a place to take a video call or get some uninterrupted time to focus on work. The company was co-founded by Morten Meisner-Jensen and Brian Chen in 2018.

On Robot is a Danish company founded in 2015, specializing in the manufacture of robotic equipment for automation across various industries. Based in Odense, it develops a range of plug-and-produce end-of-arm tools and software solutions designed to enhance the functionality of collaborative robots. The company's product offerings include electric grippers, sensors, and other equipment that seamlessly integrate with robots to improve efficiency in tasks such as packaging, quality testing, material handling, machine tending, assembly, and welding. By focusing on ease of use, cost-effectiveness, and safety, On Robot enables manufacturers to leverage the advantages of collaborative robots, allowing for flexible and customized automation solutions that work alongside human workers.

Klarna is a technology-driven payments company that provides a platform for connecting consumers and merchants with flexible payment options for online and offline shopping. It offers direct payments, pay-after-delivery options, and installment plans, supported by a mobile app that enhances the shopping experience with flexible payment options and cashback rewards. The company operates across multiple countries and serves merchants with payment solutions and tailored advertising services, including messaging and insights features. Klarna is known for its buy now, pay later model, enabling interest-free financing for purchases divided into installments.