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 is a technology company established in 2014, with operations in Shenzhen, China, and Malmö, Sweden. It specializes in designing and manufacturing smart home security devices. Minut's flagship product, Point, is a camera-less device that monitors noise, temperature, motion, and other environmental factors within homes. When it detects anomalies, it sends alerts to users' smartphones, enabling them to maintain home security without compromising privacy.

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 Ltd., established in 2006 and headquartered in Viljandi, Estonia, is a technology and logistics company specializing in modern postal solutions. The company operates a network of self-service parcel terminals across Estonia, enabling customers to send and receive parcels conveniently and efficiently. Cleveron designs, manufactures, and maintains these terminals, along with associated software solutions for operation control and central monitoring. Additionally, the company offers consulting services to help businesses implement and operate their own parcel terminal networks. Cleveron serves web retailing and mail-order businesses, aiming to provide measurable value through its technology-driven solutions.

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 AB, founded in 2017 and based in Gothenburg, Sweden, operates a gaming and entertainment platform that enables users to create and play interactive experiences across mobile devices and PCs. The company's platform allows individuals to design their own 3D interactive experiences without the need for coding, fostering a community where users can share their creations with others. Initially browser-based, Hiber expanded its capabilities in 2019 by introducing touch creation mode, making it possible for users to create and share content on mobile devices with touch screens. This innovation has led to significant growth among mobile users, with over one million experiences created, including virtual worlds, games, and interactive museums.

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 telecommunications startup focused on delivering high-quality broadband services across Denmark. The company aims to provide one of the market's best broadband solutions through a combination of fiber and coax technologies, ensuring fast and stable internet connectivity for its users. In addition to high-speed internet, Fastspeed emphasizes strong customer service and competitive pricing, positioning itself as an attractive option for consumers seeking reliable internet access.

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.

Sonarworks Ltd. is a deep-tech audio company based in Riga, Latvia, founded in 2012. The company specializes in developing and licensing sound calibration software that enhances audio quality for both professionals and consumers. Its flagship products include Reference 4, which is available in studio and headphone editions, and True-Fi, designed for everyday listeners. These tools utilize advanced SoundID technology to measure and digitally tune sound devices to individual hearing preferences, ensuring a personalized listening experience. Sonarworks' software is widely adopted in professional recording studios and by audio engineers, as it effectively eliminates noise shortcomings in speakers and headphones, allowing users to enjoy music as intended by the artists. The software is accessible online and through dealers in Latvia and internationally.

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 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 operates a white-label SaaS financing platform that facilitates real-time access to comprehensive investment data for banks and lenders within its network. The company's application employs machine learning algorithms to analyze data from lenders, third parties, and customers, enabling it to predict the most suitable financing offers. This enhances customer conversion rates and increases basket values for the firms using Fiizy's platform.

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.

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 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 an innovative global ophthalmic medical device company focused on developing advanced laser solutions for treating retinal and glaucoma diseases. The company has created pioneering technologies, such as ECHO and LEAF. ECHO is distinguished as the world's first truly portable pattern laser, featuring a battery-powered design and a wireless user interface with voice control, which enhances portability and treatment flexibility by eliminating fiber tethers. LEAF, on the other hand, is an ultra-compact green laser photocoagulator that integrates seamlessly with existing slit lamps, simplifying laser treatments by removing the need for external fibers or additional equipment. Norlase's technologies utilize specialized laser diodes and photonics technology to provide effective and affordable laser treatments, ultimately improving patient access to essential eye 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 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 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.