Nordic Secondary Fund

Wingcopter GmbH, founded in 2014 and based in Darmstadt, Germany, specializes in the development and manufacture of advanced delivery drones for various applications, including medical supply chains and last-mile logistics. The company produces eVTOL, fixed-wing unmanned aircraft systems designed to efficiently deliver medicines, vaccines, blood, lab samples, parcels, and food to remote locations, as well as conduct inspections of public infrastructure. Its flagship model, the Wingcopter 198, features a patented tilt-rotor mechanism that allows for vertical takeoff and landing while maintaining the efficiency and range of a fixed-wing aircraft, even under challenging weather conditions. With a dedicated team of 120 professionals, Wingcopter aims to enhance and save lives through both commercial and humanitarian efforts, earning recognition as a Technology Pioneer by the World Economic Forum in 2020.

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 is a technology company focused on smart home solutions, specializing in the development of a device called Point. Founded in 2014, with headquarters in Malmö, Sweden and operations in Shenzhen, China, Minut's product is designed to enhance home security by monitoring environmental factors such as noise, temperature, and motion without using cameras. The device employs infrared motion detection and microphones to identify unusual activities and send alerts to users' smartphones. This approach allows homeowners to maintain security and privacy while fostering good neighborly relations, particularly benefiting short-term rental hosts. Minut's technology represents a significant advancement in IoT and smart home management, providing users with peace of mind regarding their properties.

Swappie is a company that specializes in the refurbishment and sale of used smartphones, particularly iPhones. It operates an online marketplace where consumers can purchase high-quality refurbished devices at competitive prices. Swappie acquires used smartphones, subjecting them to a comprehensive 52-step testing process that includes rigorous assessments of both hardware and software functionality. Defective parts are replaced, and each device is thoroughly cleaned to meet strict quality standards. By providing a reliable source for affordable smartphones, Swappie enables individuals to access less-used mobile devices while ensuring a commitment to quality and functionality.

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 Ltd. is a technology and logistics company based in Viljandi, Estonia, specializing in self-service parcel terminals that facilitate the sending and receiving of postal parcels across Europe. The company designs and manufactures automated parcel delivery systems, which include various types of parcel terminals and software solutions for operational control and monitoring of parcel distribution services. Cleveron aims to enhance the efficiency and convenience of parcel logistics for businesses, particularly in web retailing and mail ordering, by providing innovative technology-based solutions. In addition to its products, the company offers consultation services to assist clients with the implementation and management of their parcel terminal networks, addressing aspects such as financial planning and logistics processes. Founded in 2006 and rebranded from SmartPOST Ltd. in 2010 after its acquisition by Itella Corporation, Cleveron operates as a subsidiary of Posti Group Oyj.

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 technology-driven hospitality provider that provides an alternative to hotels and short-stay apartments. Its exceptionally cool apartments cater to the 21st-century traveler who wants it all: the consistent quality of a hotel and the authentic flair and affordability of a short-stay rental. It combines both worlds in sustainably operated properties, which are currently available in Finland and Estonia but are expanding across Europe and beyond. The company was founded in 2018 and is headquartered in Helsinki, Finland.

Eurora specializes in providing an AI-driven platform designed to streamline customs compliance for e-commerce businesses engaged in global trade. The company's suite of tools automates key compliance activities, including customs declarations, VAT registration, and the calculation of duties and taxes. By simplifying these complex processes, Eurora enables e-commerce enterprises to navigate the regulatory challenges associated with cross-border transactions more efficiently, facilitating smoother and faster international trade operations.

Hiber AB, founded in 2017 and based in Gothenburg, Sweden, operates a browser-based gaming and entertainment platform that allows users to create and play games without the need for coding skills. The platform, known as HiberWorld, enables users to design interactive 3D experiences such as virtual worlds, games, and creative showcases, which can be shared with others. In 2019, Hiber introduced a touch creation mode, expanding its accessibility to mobile devices. Since its inception, more than one million user-generated experiences have been created, fostering a vibrant community of creators and players. The platform emphasizes user expression through interactive elements, providing a new medium for storytelling and communication in the realm of gaming. With the addition of social features, Hiber has experienced significant growth, particularly among mobile users, positioning itself as a unique space for creativity and engagement in the digital landscape.

Kilo Health is a prominent player in the digital health and wellness industry, serving over 6.5 million customers globally. The company offers a comprehensive suite of over 30 innovative digital health products, focusing on chronic disease management, mental health improvement, and healthy habit formation. Its flagship service, Kilo Health for Business, provides employers with a digital wellness benefit solution that includes six smart applications designed to help employees improve their health and reach personal fitness goals, regardless of their location. These applications support healthier eating habits, enhance mental well-being, and assist in managing chronic conditions such as diabetes and heart disease. With a team of over 600 experts and offices in five European cities, Kilo Health has been recognized for its rapid growth and innovation in the sector. Additionally, the company fosters entrepreneurship through initiatives like Kilo Ventures and Kilo Academy, further solidifying its role in advancing digital health solutions.

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 Ltd., established in 2012 and headquartered in London, specializes in international money transfers. It offers affordable, secure, and swift personal and commercial money transfer services, primarily targeting migrant workers sending funds to their families abroad. The company operates as a licensed and authorized payment institution, regulated by the Financial Conduct Authority (FCA) and supervised by Her Majesty's Revenue and Customs (HMRC). TransferGo charges a fixed fee per transaction, along with a currency conversion fee ranging from 0.6% to 1.5%. Its digital account-to-account business model enables users to transfer money overseas with same-day delivery, making it an efficient and cost-effective solution for both individuals and businesses.

Fastspeed is a startup focused on providing telecom services, specifically high-quality broadband solutions across Denmark. The company offers internet connectivity through fiber and coaxial technologies, ensuring fast and stable connections for its users. Fastspeed aims to deliver exceptional customer service while maintaining competitive pricing for its high-speed products. By prioritizing reliability and customer satisfaction, Fastspeed seeks to position itself as a leading provider in the broadband market.

Hedvig AB is an insurance provider based in Stockholm, Sweden, established in 2016. The company specializes in a range of insurance products, including home and contents insurance, as well as travel, accident, and car insurance. Hedvig offers a modern and customer-centric approach to insurance, focusing on providing a seamless experience with fast claims processing. Since its launch, Hedvig has expanded its presence across all Scandinavian countries, positioning itself as an EU-licensed carrier dedicated to enhancing the insurance experience for its clients.

Unacast, Inc. operates a location data platform that connects beacons and proximity sensors to online marketing platforms. Founded in 2016 and based in New York City, the company focuses on providing accurate and transparent location data through its Real World Graph®. This platform enables businesses across various industries to gain insights into human activity in the physical world while ensuring user privacy. By aggregating fragmented data and delivering contextual information, Unacast empowers companies to make informed decisions and improve their products. The company's commitment to democratizing access to data aims to enhance innovation in the marketplace. Co-founders Thomas Walle and Kjartan Slette, who previously contributed to the founding of TIDAL, have guided Unacast to receive multiple awards for its platform and corporate culture.

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.

Sonarworks Ltd. is an audio technology company based in Riga, Latvia, founded in 2012. It specializes in software that calibrates sound across various headphones and speakers, enhancing audio experiences for both consumers and professionals. The company's key offerings include Reference 4, which is tailored for studio environments, and True-Fi, designed for everyday listeners. Sonarworks' SoundID technology customizes sound devices to align with individual hearing preferences, improving sound quality and eliminating noise shortcomings. This software is widely used in professional recording studios and is available online as well as through international dealers, bridging the gap between sound creators and listeners.

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 a company that leverages artificial intelligence to optimize Google advertising for small businesses, specifically focusing on Google AdWords and Google Shopping. By automating advertising processes, Cobiro has aided over 3,000 online stores in enhancing their marketing strategies over the past four years. The platform manages more than 170 million keywords, demonstrating a significant capability to outperform manual optimization efforts. Founded by Bo Krogsgaard and Anders Ibsen, who have extensive experience in online marketing and conversions, Cobiro also offers a website builder tailored for digital agencies and marketers. This platform specializes in e-commerce and online sales strategies, enabling clients to achieve better financial performance while adapting to the latest market innovations.

Funderbeam is a funding and trading platform established in 2013 that connects companies with investors to facilitate the buying and selling of equity stakes in private companies. It serves as a global data platform for startups, enabling founders to access legal support, funding management, and a network of investors. The platform empowers investors by allowing them to manage their investments and trade at their convenience. Utilizing blockchain technology, Funderbeam enhances its operations by offering a secure ledger for transactions and providing access to private market investment opportunities. The platform allows clients to track their private market portfolios and directly invest in early-stage and growth companies, thereby supporting startups in securing the necessary funding for their development.

FIIZY is a developer of a white-label SaaS financing platform that provides real-time access to extensive investment data and facilitates seamless customer onboarding. The platform aids banks and lenders in making informed financing decisions, thereby improving their conversion rates and increasing basket values. Utilizing machine learning, FIIZY's application analyzes data from lenders, third parties, and customers to predict the most suitable financing offers. This capability allows businesses to present optimal financing options to their customers while efficiently processing applications.

Empirical is a company focused on producing innovative distilled spirits that explore flavors and traditions from around the world. The platform encourages a re-examination of production methods, fostering dialogue and creativity in the beverage industry. Specializing in flavor creation and precision fermentation, Empirical crafts a diverse range of alcoholic beverages that include unique offerings such as wines and sparkling drinks made from unconventional ingredients like oysters, roasted chicken skin, smoked juniper, bergamot, and fruit pith. Through its distinctive approach, Empirical aims to provide consumers with novel tasting experiences in the realm of libations.

Mintos, established in 2014 and headquartered in Riga, Latvia, is Europe's leading investment platform for earning passive income. It operates a peer-to-peer lending marketplace, connecting investors seeking attractive returns with consumers and small businesses in need of affordable loans. With over €600 million in assets under management and more than 500,000 registered users, Mintos enables investors to build diversified portfolios of income-generating assets through both automated and manual investment strategies. The platform offers investments in mortgage loans, personal unsecured loans, car loans, invoices, and small business loans, with investments possible in fractions of loans. Authorized under MiFID, Mintos has earned multiple industry awards since its founding.

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 such as coaching lessons and community building tools, enabling gamers to monetize their skills and host competitions.

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, founded in 2010 and based in Copenhagen, Denmark, specializes in developing innovative electrophysiology recording systems designed to assist medical professionals in guiding cardiac ablation procedures for treating arrhythmias. The company offers the CathVision Cube, a low-noise recording system that interfaces seamlessly with various diagnostic, mapping, and ablation catheters. In addition to its hardware, CathVision develops advanced software that supports real-time streaming and analysis of electrophysiology signals, providing multiple review windows for physicians at remote workstations and monitors. By integrating artificial intelligence into its technology, CathVision enhances the accuracy and efficiency of signal analysis, enabling healthcare providers to make informed decisions during ablation therapy.

Norlase is a developing global ophthalmic medical device company focused on creating innovative laser solutions for the treatment of retinal and glaucoma diseases. The company has introduced advanced ophthalmic laser technologies, including ECHO and LEAF. ECHO is notable for being the world's first truly portable pattern laser, featuring battery power and a wireless user interface with voice control, which enhances its portability and flexibility during treatments. LEAF is an ultra-compact green laser photocoagulator that conveniently attaches to existing slit lamps, thus simplifying laser procedures by eliminating the need for external fibers or extra equipment. Norlase aims to provide affordable access to powerful laser technologies for effective patient care.

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 Inc. is an e-commerce payment solutions provider that serves both merchants and consumers, specializing in flexible payment options. Founded in 2005 and headquartered in Columbus, Ohio, with additional offices in New York City, Klarna offers a range of services including direct payments, pay-after-delivery options, and installment plans. The company is recognized for its "buy now, pay later" model, allowing shoppers to finance their retail purchases with interest-free payments. Klarna also enhances the shopping experience through its app, which offers features such as cashback rewards and on-site messaging for retailers. As a regulated bank, Klarna operates under a framework that supports a variety of payment processing and dispute resolution services, aiming to make transactions simple, safe, and smooth for users.

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 AS is a subscription-based SaaS company that specializes in indoor navigation solutions through its platform, MapsIndoors. This cloud-based service enables users to navigate complex buildings effectively, enhancing functionality in various environments, including offices, healthcare facilities, educational institutions, stadiums, and parking areas. Operating in 50 countries, MapsIndoors integrates smoothly with applications from Smart Building partners, promoting ease of use and adoption. The company employs advanced Machine Learning techniques to lead in the production and updating of indoor maps, ensuring both scalability and efficiency. Its revenue model encompasses subscriptions for MapsIndoors, licensing agreements with Google Maps, and additional services offered by the company.

Click & Grow, established in 2010 and headquartered in Palo Alto, California, specializes in automated indoor gardening solutions. The company's flagship product, the Smart Herb Garden, allows multiple plants to grow simultaneously, using proprietary technology to control and optimize growing conditions. Click & Grow also offers refills for their Smart Herb Garden, featuring a nano-tech growth medium that provides precise amounts of water, oxygen, and nutrients to plants. Additionally, they provide the Smart Flowerbed, a home gardening solution for herbs and flowers, along with corresponding refills and accessories. Their products are available online in the United States and Europe, aiming to make plant cultivation effortless and accessible, particularly in urban environments.

Actimo ApS is a Copenhagen-based company that specializes in developing a mobile dialogue platform aimed at enhancing communication and training within businesses. Founded in 2010, Actimo provides solutions that facilitate mobile mass communication, enabling managers to engage with employees and customers effectively. Their offerings include dialogue-based messaging tools for sales and support teams, mobile training programs for workforce development, and internal communication solutions that promote feedback and interaction. Additionally, Actimo provides automation and API capabilities to streamline operations. As of October 2020, Actimo operates as a subsidiary of Kahoot! AS, further extending its reach and influence in the employee engagement sector.

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 manufactures robot equipment for automation tasks throughout the industry. It provides plug and produce end-of-arm tools and software solutions that help manufacturers take full advantage of the benefits of collaborative robots. The company integrates grippers, sensors, and other cobot equipment to facilitate the use of technology in applications such as packaging, quality testing, material handling, machine tending, assembly, and welding. On Robot was founded in 2015 and is based in Odense, Denmark.

Klarna Inc. is an e-commerce payment solutions provider that serves both merchants and consumers, specializing in flexible payment options. Founded in 2005 and headquartered in Columbus, Ohio, with additional offices in New York City, Klarna offers a range of services including direct payments, pay-after-delivery options, and installment plans. The company is recognized for its "buy now, pay later" model, allowing shoppers to finance their retail purchases with interest-free payments. Klarna also enhances the shopping experience through its app, which offers features such as cashback rewards and on-site messaging for retailers. As a regulated bank, Klarna operates under a framework that supports a variety of payment processing and dispute resolution services, aiming to make transactions simple, safe, and smooth for users.