Northzone

Northzone is a venture capital firm founded in 1996, with headquarters in London and additional offices in New York, Oslo, and Stockholm. The firm has raised over €1.5 billion and focuses on early-stage investments in technology-driven companies. Northzone has partnered with notable founders of successful businesses, including Spotify, Avito, iZettle, and Klarna, among others. The firm aims to support the growth of category-defining enterprises by connecting them with customers, business partners, and key talent on a global scale. With a strong emphasis on the entrepreneurial experience, Northzone leverages its extensive network to foster innovation and drive success for its portfolio companies.

Alex Agureev

Associate

Arve Andresen

General partner

Nick Boesel

Associate

Pascual Cortés-Monroy E.

vice_president

Dominik Esen

Associate

Stine Foss

Chief Financial Officer and Partner

Markus Gleim

Principal

Henrik Grim

Associate

Harriet Hamblin

Associate

Jackson Heddy

Deputy Chief Financial Officer

William Jilltoft

Associate

Matt Kennedy

Investment Manager

Michiel Kotting

Partner

Aaron Liu

vice_president

Naseem Moumene

Associate

Michelle Nacouzi

Investment Associate

Sarah Nöckel

vice_president

Hans Otterling

Partner

Elena Pantazi

Head of Operations

Kilian Pender

Partner

Pär-Jörgen Pärsson

General Partner

Deepka Rana

Principal

Maxine Rior

Principal

Wendy Xiao Schadeck

Investment Manager

Jessica Schultz

Partner

Marta Sjögren

Partner

Bjorn Stray

Co-Founder & Partner

Jeppe Zink

Partner

Jeppe Zink

Partner

Past deals in Nordic Europe

GOALS

Series A in 2023
Goals is a provider of an online football game that focuses on creating a multiplayer experience primarily for PC and console users. The platform allows gamers to connect digitally, fostering a sense of community within the gaming environment. By incorporating elements of esports, Goals enables players to engage with football in a unique way, bridging the gap between real-world experiences and digital interactions. Additionally, the game offers players the opportunity to own in-game digital assets as they participate, enhancing the overall gaming experience.

GOALS

Seed Round in 2022
Goals is a provider of an online football game that focuses on creating a multiplayer experience primarily for PC and console users. The platform allows gamers to connect digitally, fostering a sense of community within the gaming environment. By incorporating elements of esports, Goals enables players to engage with football in a unique way, bridging the gap between real-world experiences and digital interactions. Additionally, the game offers players the opportunity to own in-game digital assets as they participate, enhancing the overall gaming experience.

Depict

Series A in 2022
Depict.ai develops a product recommendation engine aimed at enhancing the quality of product suggestions for e-commerce stores. By providing advanced recommendation capabilities similar to those found on major platforms, the company enables smaller businesses to compete effectively against larger competitors. The software is designed to increase overall revenue for e-commerce sites without requiring extensive sales data, thereby democratizing access to high-quality recommendations. Through its innovative approach, Depict.ai seeks to empower smaller players in the e-commerce market, allowing them to improve customer engagement and drive sales.

Matsmart

Series C in 2021
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

Anyfin

Series B in 2021
Anyfin AB, founded in 2017 and based in Stockholm, Sweden, offers a service that allows users to refinance their existing loans by simply taking a photo of their loan statements. By leveraging artificial intelligence and consumer data, the company aims to help individuals save money on private loans and avoid high interest rates and compound interest. Users can easily initiate the refinancing process by submitting a picture of their latest loan invoice through the company’s website or via messaging platforms. Although currently available only in Sweden, Anyfin has ambitions to expand its services across Europe, providing a more comprehensive assessment of borrowers’ financial situations than traditional credit scores. This innovative approach seeks to make refinancing and consolidating loans more accessible and cost-effective for consumers.

Noquo Foods AB

Series A in 2021
Noquo Foods AB, founded in 2019 and based in Stockholm, Sweden, specializes in developing plant-based food alternatives, particularly plant-based cheeses. The company aims to create cheese products that not only excel in taste and nutrition but also utilize the planet's resources responsibly. Noquo Foods seeks to make its products accessible to a wide audience while striving to become a preferred choice among chefs and restaurants.

Einride

Series B in 2021
Einride AB is a freight mobility company that specializes in the transportation of goods using innovative technologies. Founded in 2016 and headquartered in Stockholm, Sweden, with additional offices in Gothenburg and Palo Alto, Einride focuses on developing electric and autonomous logistics solutions. The company's flagship products include Einride Pods, which are electric trucks designed for transporting a variety of cargo, including pallets, timber, and perishable goods. Einride also provides clients with tools to plan, order, and track sustainable transport, aiming to redefine logistics through intelligent freight mobility solutions.

Klarna

Venture Round in 2021
Klarna Bank AB, founded in 2005 and headquartered in Stockholm, Sweden, specializes in providing payment and shopping solutions for consumers and merchants both online and in-store across several countries, including Sweden, Germany, Austria, Switzerland, and Norway. The company offers a variety of payment options, such as card payments, direct banking, and innovative solutions like "buy now, pay later," which allows consumers to finance purchases interest-free over installments. Klarna's services extend to merchants, providing technology, credit risk management, and customer administration solutions to enhance their eCommerce capabilities. As a regulated bank, Klarna is recognized for its flexible payment solutions that empower shoppers to choose how and when they pay, thereby improving the overall shopping experience.

Labster

Series C in 2021
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Klarna

Private Equity Round in 2020
Klarna Bank AB, founded in 2005 and headquartered in Stockholm, Sweden, specializes in providing payment and shopping solutions for consumers and merchants both online and in-store across several countries, including Sweden, Germany, Austria, Switzerland, and Norway. The company offers a variety of payment options, such as card payments, direct banking, and innovative solutions like "buy now, pay later," which allows consumers to finance purchases interest-free over installments. Klarna's services extend to merchants, providing technology, credit risk management, and customer administration solutions to enhance their eCommerce capabilities. As a regulated bank, Klarna is recognized for its flexible payment solutions that empower shoppers to choose how and when they pay, thereby improving the overall shopping experience.

Depict

Seed Round in 2020
Depict.ai develops a product recommendation engine aimed at enhancing the quality of product suggestions for e-commerce stores. By providing advanced recommendation capabilities similar to those found on major platforms, the company enables smaller businesses to compete effectively against larger competitors. The software is designed to increase overall revenue for e-commerce sites without requiring extensive sales data, thereby democratizing access to high-quality recommendations. Through its innovative approach, Depict.ai seeks to empower smaller players in the e-commerce market, allowing them to improve customer engagement and drive sales.

Labster

Venture Round in 2020
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Kahoot

Post in 2020
Kahoot is a game-based learning platform founded in 2012 by a team of co-founders in Oslo, Norway. It enables individuals and organizations to easily create, share, and play engaging learning games and trivia quizzes across various subjects and languages. The platform is accessible on any device with an internet connection, allowing users to participate in games both in-person and virtually. Kahoot aims to enhance the learning experience by promoting social interaction and active participation, making it appealing to educators, students, and corporate entities alike. Its user-friendly features foster a dynamic and meaningful educational environment, catering to learners of all ages.

Kahoot

Post in 2020
Kahoot is a game-based learning platform founded in 2012 by a team of co-founders in Oslo, Norway. It enables individuals and organizations to easily create, share, and play engaging learning games and trivia quizzes across various subjects and languages. The platform is accessible on any device with an internet connection, allowing users to participate in games both in-person and virtually. Kahoot aims to enhance the learning experience by promoting social interaction and active participation, making it appealing to educators, students, and corporate entities alike. Its user-friendly features foster a dynamic and meaningful educational environment, catering to learners of all ages.

Matsmart

Venture Round in 2019
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

HappyOrNot

Series B in 2019
HappyOrNot Ltd. is a Finnish company founded in 2009 that specializes in customer and employee satisfaction analytics through its innovative feedback solutions. The company is known for its 'Smiley' feedback system, which includes devices such as the Smiley Terminal, Smiley Touch, Web Smileys, and Smiley Wall. These tools are designed to capture customer satisfaction data across various sectors, including retail, transportation, services, and healthcare. With over 25,000 Smiley Terminals installed globally, HappyOrNot serves more than 4,000 clients across 117 countries, providing actionable insights that enable organizations to enhance their services based on direct customer and employee feedback. The company, headquartered in Tampere, Finland, has amassed nearly a billion responses, allowing clients to measure and improve their service quality effectively.

NA-KD.com

Series B in 2019
NA-KD.com is the next generation of fashion marketplaces. A predominantly mobile-based online shopping sanctuary for fashion addicts all over the world. Combined with a unique merchant service that unleashes the e-commerce power of digital brands and social influencers. Funded by the original founder and team behind Nelly.com (170 million USD online fashion store).

Spacemaker AI

Series A in 2019
Spacemaker AI, founded in 2016 and headquartered in Oslo, Norway, with an additional office in Cambridge, Massachusetts, specializes in software that analyzes data to optimize building site selection. The company's innovative AI technology generates and evaluates billions of site proposals, taking into account various factors such as zoning regulations, environmental conditions, and market preferences. This allows architects, real estate developers, and municipalities to identify the most advantageous building sites and access detailed insights into each option. Since becoming a subsidiary of Autodesk, Spacemaker AI continues to enhance its offerings, providing valuable tools that significantly improve decision-making in the real estate and construction sectors.

Anyfin

Series A in 2019
Anyfin AB, founded in 2017 and based in Stockholm, Sweden, offers a service that allows users to refinance their existing loans by simply taking a photo of their loan statements. By leveraging artificial intelligence and consumer data, the company aims to help individuals save money on private loans and avoid high interest rates and compound interest. Users can easily initiate the refinancing process by submitting a picture of their latest loan invoice through the company’s website or via messaging platforms. Although currently available only in Sweden, Anyfin has ambitions to expand its services across Europe, providing a more comprehensive assessment of borrowers’ financial situations than traditional credit scores. This innovative approach seeks to make refinancing and consolidating loans more accessible and cost-effective for consumers.

Kitab Sawti

Private Equity Round in 2019
Kitab Sawti AB is a company that specializes in producing and distributing audiobooks in Arabic. Founded in 2016 and based in Stockholm, Sweden, Kitab Sawti also develops software that provides Arabic speakers with access to a wide range of books in audio format. The application allows users to easily find and listen to audiobooks, offering features that enable them to start, stop, and resume playback at their convenience. In addition to audiobooks, Kitab Sawti offers podcasts, enhancing its position as a comprehensive Arabic audio entertainment service. As of July 2020, Kitab Sawti operates as a subsidiary of Storytel AB.

Labster

Series B in 2019
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Klarna

Private Equity Round in 2019
Klarna Bank AB, founded in 2005 and headquartered in Stockholm, Sweden, specializes in providing payment and shopping solutions for consumers and merchants both online and in-store across several countries, including Sweden, Germany, Austria, Switzerland, and Norway. The company offers a variety of payment options, such as card payments, direct banking, and innovative solutions like "buy now, pay later," which allows consumers to finance purchases interest-free over installments. Klarna's services extend to merchants, providing technology, credit risk management, and customer administration solutions to enhance their eCommerce capabilities. As a regulated bank, Klarna is recognized for its flexible payment solutions that empower shoppers to choose how and when they pay, thereby improving the overall shopping experience.

Trustpilot

Series E in 2019
Trustpilot is the world’s most powerful review platform - free and open to all. With more than 58 million reviews of over 270,000 domains, Trustpilot gives people a place to share and discover reviews of businesses, and we give every company the tools to turn consumer feedback into business results. Our mission is to bring people and businesses closer together to create ever-improving experiences for everyone. Trustpilot reviews are seen more than 3 billion times each month by consumers worldwide. With offices in Copenhagen, London, New York, Denver, Berlin, Melbourne and Vilnius, Trustpilot's 700 employees represent more than 40 different nationalities. For more information, visit https://www.trustpilot.com/

Kahoot

Series B in 2018
Kahoot is a game-based learning platform founded in 2012 by a team of co-founders in Oslo, Norway. It enables individuals and organizations to easily create, share, and play engaging learning games and trivia quizzes across various subjects and languages. The platform is accessible on any device with an internet connection, allowing users to participate in games both in-person and virtually. Kahoot aims to enhance the learning experience by promoting social interaction and active participation, making it appealing to educators, students, and corporate entities alike. Its user-friendly features foster a dynamic and meaningful educational environment, catering to learners of all ages.

Kitab Sawti

Venture Round in 2018
Kitab Sawti AB is a company that specializes in producing and distributing audiobooks in Arabic. Founded in 2016 and based in Stockholm, Sweden, Kitab Sawti also develops software that provides Arabic speakers with access to a wide range of books in audio format. The application allows users to easily find and listen to audiobooks, offering features that enable them to start, stop, and resume playback at their convenience. In addition to audiobooks, Kitab Sawti offers podcasts, enhancing its position as a comprehensive Arabic audio entertainment service. As of July 2020, Kitab Sawti operates as a subsidiary of Storytel AB.

Activate

Venture Round in 2018
ACTIVATE Holdings LLC is a New York-based content creator and influencer marketing platform operating in the fashion and lifestyle sectors since its founding in 2007. The platform aggregates and curates blog content from across the internet, allowing users to connect with their preferred influencers and discover tailored content through personalized recommendations. ACTIVATE supports influencer discovery, program workflow, measurement, and analytics for cross-platform collaborations, engaging over 150,000 vetted influencers across various social media channels, including Instagram, YouTube, and Facebook. Additionally, the platform enables collaborations with specific communities of creators, such as vegan food enthusiasts and outdoor lovers, by utilizing geo-targeting and micro-survey tools to identify niche influencer groups. As of August 2020, ACTIVATE operates as a subsidiary of Impact Tech, Inc.

Kahoot

Series B in 2018
Kahoot is a game-based learning platform founded in 2012 by a team of co-founders in Oslo, Norway. It enables individuals and organizations to easily create, share, and play engaging learning games and trivia quizzes across various subjects and languages. The platform is accessible on any device with an internet connection, allowing users to participate in games both in-person and virtually. Kahoot aims to enhance the learning experience by promoting social interaction and active participation, making it appealing to educators, students, and corporate entities alike. Its user-friendly features foster a dynamic and meaningful educational environment, catering to learners of all ages.

Fishbrain

Series B in 2018
FishBrain AB develops a mobile application that connects sport fishing people and anglers. It offers Fishbrain, an application that enables users to connect and follow anglers and fishing spots; find fishing spots and research when the fish bite best; join conversations with other users; keep fishing log; and explore public catch locations. The company’s application also enables users to track and share personal statistics, such as caches per month, species, fishing locations, baits, and methods; find top baits for fishing locations, fish species, and fishing methods; and get fishing forecast for the next days. Its application is available on App Store and Google Play. FishBrain AB was founded in 2009 and is based in Stockholm, Sweden.

Anyfin

Series A in 2018
Anyfin AB, founded in 2017 and based in Stockholm, Sweden, offers a service that allows users to refinance their existing loans by simply taking a photo of their loan statements. By leveraging artificial intelligence and consumer data, the company aims to help individuals save money on private loans and avoid high interest rates and compound interest. Users can easily initiate the refinancing process by submitting a picture of their latest loan invoice through the company’s website or via messaging platforms. Although currently available only in Sweden, Anyfin has ambitions to expand its services across Europe, providing a more comprehensive assessment of borrowers’ financial situations than traditional credit scores. This innovative approach seeks to make refinancing and consolidating loans more accessible and cost-effective for consumers.

Zervant

Series B in 2018
Zervant Oy develops online invoicing software for small businesses and entrepreneurs in Finland, Sweden, France, Germany, and the United Kingdom. It offers expense management and time tracking software solutions; and support services. The company serves photographers, freelance sales professionals, business consultants, and designers. Zervant Oy was founded in 2009 and is based in Espoo, Finland.

Matsmart

Venture Round in 2018
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

NA-KD.com

Series B in 2018
NA-KD.com is the next generation of fashion marketplaces. A predominantly mobile-based online shopping sanctuary for fashion addicts all over the world. Combined with a unique merchant service that unleashes the e-commerce power of digital brands and social influencers. Funded by the original founder and team behind Nelly.com (170 million USD online fashion store).

HappyOrNot

Series A in 2017
HappyOrNot Ltd. is a Finnish company founded in 2009 that specializes in customer and employee satisfaction analytics through its innovative feedback solutions. The company is known for its 'Smiley' feedback system, which includes devices such as the Smiley Terminal, Smiley Touch, Web Smileys, and Smiley Wall. These tools are designed to capture customer satisfaction data across various sectors, including retail, transportation, services, and healthcare. With over 25,000 Smiley Terminals installed globally, HappyOrNot serves more than 4,000 clients across 117 countries, providing actionable insights that enable organizations to enhance their services based on direct customer and employee feedback. The company, headquartered in Tampere, Finland, has amassed nearly a billion responses, allowing clients to measure and improve their service quality effectively.

Neverthink

Seed Round in 2017
Neverthink Oy operates an online platform and a mobile application that aggregates video content from various online sources, including Reuters, YouTube, and Reddit. The platform organizes this content into dedicated channels such as news, music, food, beauty, technology, adventure, and talk shows, making it easy for users to find engaging videos without the hassle of searching or scrolling. Founded in 2016 and based in Helsinki, Finland, Neverthink aims to simplify the video viewing experience by providing a continuous stream of curated content across multiple categories. The service is available on both Android and iOS devices, catering to users looking for a convenient way to consume diverse video offerings.

Labster

Series A in 2017
Labster ApS designs and develops interactive advanced lab simulations based on mathematical algorithms that support open-ended investigations for colleges, universities, and higher education. The company develops an interactive platform, where students engage with life science, biology, and biotechnology experiments. The product has been designed with 3D animations and includes educational science background information. The virtual lab simulations enables the students to work with virtual and realistic lab experiments. Labster ApS was founded in 2012 and is based in Copenhagen, Denmark with additional locations in Boston, Massachusetts; Zurich, Switzerland; and Sanur, Bali.

Kahoot

Series A in 2017
Kahoot is a game-based learning platform founded in 2012 by a team of co-founders in Oslo, Norway. It enables individuals and organizations to easily create, share, and play engaging learning games and trivia quizzes across various subjects and languages. The platform is accessible on any device with an internet connection, allowing users to participate in games both in-person and virtually. Kahoot aims to enhance the learning experience by promoting social interaction and active participation, making it appealing to educators, students, and corporate entities alike. Its user-friendly features foster a dynamic and meaningful educational environment, catering to learners of all ages.

Matsmart

Venture Round in 2017
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

Fishbrain

Series B in 2017
FishBrain AB develops a mobile application that connects sport fishing people and anglers. It offers Fishbrain, an application that enables users to connect and follow anglers and fishing spots; find fishing spots and research when the fish bite best; join conversations with other users; keep fishing log; and explore public catch locations. The company’s application also enables users to track and share personal statistics, such as caches per month, species, fishing locations, baits, and methods; find top baits for fishing locations, fish species, and fishing methods; and get fishing forecast for the next days. Its application is available on App Store and Google Play. FishBrain AB was founded in 2009 and is based in Stockholm, Sweden.

Soundtrack Your Brand

Series C in 2017
Soundtrack Your Brand is a Spotify joint venture and the exclusive provider of Spotify Business and Spotify Enterprise. We connect brands and fans, and our vision is to grow the music market and thereby support artists, so that they can give the world more great music

Fuse

Series A in 2017
Fuse specializes in mobile app development and full stack development, providing a comprehensive suite of services that includes advisory and concept development. Founded by experienced professionals in mobile graphics, the company aims to enhance the app and user experience creation process for both designers and developers. Fuse offers a cutting-edge user experience tool suite designed to bridge the gap between prototyping and actual development, facilitating a more seamless transition from initial design concepts to functional applications.

Sqore

Venture Round in 2017
Smart Recruitment - Automate the process between your job ad and the first interview. Increase screening efficiency Efficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates. Deepen candidate engagement Engage today’s generation of candidates through rewarding experiences and allow them to get insights into your company before the interview. Lower your hiring costs We don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.

NA-KD.com

Series A in 2017
NA-KD.com is the next generation of fashion marketplaces. A predominantly mobile-based online shopping sanctuary for fashion addicts all over the world. Combined with a unique merchant service that unleashes the e-commerce power of digital brands and social influencers. Funded by the original founder and team behind Nelly.com (170 million USD online fashion store).

Matsmart

Venture Round in 2016
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

Kahoot

Series A in 2016
Kahoot is a game-based learning platform founded in 2012 by a team of co-founders in Oslo, Norway. It enables individuals and organizations to easily create, share, and play engaging learning games and trivia quizzes across various subjects and languages. The platform is accessible on any device with an internet connection, allowing users to participate in games both in-person and virtually. Kahoot aims to enhance the learning experience by promoting social interaction and active participation, making it appealing to educators, students, and corporate entities alike. Its user-friendly features foster a dynamic and meaningful educational environment, catering to learners of all ages.

iZettle

Series D in 2016
iZettle is reinventing technologies and banking services that help small-business owners live better, work less and earn more. Based in Stockholm, the financial technology company revolutionized mobile payments in 2010 with the world’s first mini chip card reader and software for mobile devices. Today, small-business owners around the world use iZettle’s powerfully simple services to improve the speed and ease of payments at checkout, business management, sales analytics, customer engagement, and funding

Zervant

Series A in 2016
Zervant Oy develops online invoicing software for small businesses and entrepreneurs in Finland, Sweden, France, Germany, and the United Kingdom. It offers expense management and time tracking software solutions; and support services. The company serves photographers, freelance sales professionals, business consultants, and designers. Zervant Oy was founded in 2009 and is based in Espoo, Finland.

Outfittery

Series E in 2016
Outfittery provides an online personal shopping service for men. OUTFITTERY’s mission is to take the pain out of shopping for men – as an online version of the “personal shopping”.Their personal style experts put together two or three outfits for each of their customers based on their preferences and personality from a range of top brands. Each customer is served and advised personally after a first online contact and an (optional) phone call. They keep the range of clothes constantly up to date by looking for the most interesting men´s fashion brands and the best items of popular designers worldwide.Their service is free and the individually selected items are sent to their customers free of charge. Customers only pay for the pieces that they want to keep in their wardrobe and feel comfortable in. OUTFITTERY today is the pioneer and market leader in curated shopping for men in Europe, shipping to eight countries (Germany, Austria, Switzerland, Netherlands, Belgium, Luxemburg, Sweden and Denmark).

Velory

Series A in 2016
Velory, formerly known as Universal Avenue AB, operates a global on-demand sales platform designed to connect digital brands with small and medium-sized businesses. Founded in 2014 and headquartered in Stockholm, Sweden, with additional offices across Europe, Velory leverages machine learning to offer tailored digital solutions and customer acquisition strategies. The platform facilitates brand growth in new markets by providing a direct salesforce that engages with various industries, including hospitality, retail, beauty, and experiential services. By identifying and integrating the most relevant solutions, Velory ensures that brands can effectively reach their target audiences and enhance their market presence.

Supponor

Series B in 2016
Supponor Oy manufactures, commercializes, and installs digital billboard replacement technology for live sports broadcasts. Its international billboard rights allow advertisers to target various markets/regions with advertising from the same event in local language/with relevant messages for various markets. The company was formerly known as Virtual Advertising Systems Ltd. Supponor Oy was founded in 2001 and is based in Espoo, Finland.

Matsmart

Venture Round in 2015
Matsmart Scandinavia AB is an online platform based in Skogås, Sweden, specializing in the sale of surplus food products. Founded in 2014 by Karl Andersson, Erik Södergren, and Ulf Skagerström, the company aims to combat food waste by offering groceries and personal care items that would otherwise be discarded due to reasons such as packaging changes or approaching expiry dates. Matsmart has expanded its operations to Norway and Finland, achieving significant growth, with recurring revenues reaching SEK 200 million. In 2017 alone, the company successfully saved 2,022 tonnes of food from being wasted, providing suppliers with an effective channel to sell surplus products at discounted prices while helping grocery stores minimize their food wastage.

Velory

Seed Round in 2015
Velory, formerly known as Universal Avenue AB, operates a global on-demand sales platform designed to connect digital brands with small and medium-sized businesses. Founded in 2014 and headquartered in Stockholm, Sweden, with additional offices across Europe, Velory leverages machine learning to offer tailored digital solutions and customer acquisition strategies. The platform facilitates brand growth in new markets by providing a direct salesforce that engages with various industries, including hospitality, retail, beauty, and experiential services. By identifying and integrating the most relevant solutions, Velory ensures that brands can effectively reach their target audiences and enhance their market presence.

iZettle

Series D in 2015
iZettle is reinventing technologies and banking services that help small-business owners live better, work less and earn more. Based in Stockholm, the financial technology company revolutionized mobile payments in 2010 with the world’s first mini chip card reader and software for mobile devices. Today, small-business owners around the world use iZettle’s powerfully simple services to improve the speed and ease of payments at checkout, business management, sales analytics, customer engagement, and funding

Klarna

Secondary Market in 2015
Klarna Bank AB, founded in 2005 and headquartered in Stockholm, Sweden, specializes in providing payment and shopping solutions for consumers and merchants both online and in-store across several countries, including Sweden, Germany, Austria, Switzerland, and Norway. The company offers a variety of payment options, such as card payments, direct banking, and innovative solutions like "buy now, pay later," which allows consumers to finance purchases interest-free over installments. Klarna's services extend to merchants, providing technology, credit risk management, and customer administration solutions to enhance their eCommerce capabilities. As a regulated bank, Klarna is recognized for its flexible payment solutions that empower shoppers to choose how and when they pay, thereby improving the overall shopping experience.

Fishbrain

Series A in 2015
FishBrain AB develops a mobile application that connects sport fishing people and anglers. It offers Fishbrain, an application that enables users to connect and follow anglers and fishing spots; find fishing spots and research when the fish bite best; join conversations with other users; keep fishing log; and explore public catch locations. The company’s application also enables users to track and share personal statistics, such as caches per month, species, fishing locations, baits, and methods; find top baits for fishing locations, fish species, and fishing methods; and get fishing forecast for the next days. Its application is available on App Store and Google Play. FishBrain AB was founded in 2009 and is based in Stockholm, Sweden.

Soundtrack Your Brand

Series B in 2015
Soundtrack Your Brand is a Spotify joint venture and the exclusive provider of Spotify Business and Spotify Enterprise. We connect brands and fans, and our vision is to grow the music market and thereby support artists, so that they can give the world more great music

Spotify

Series G in 2015
Spotify AB, founded in 2006 and headquartered in Stockholm, Sweden, offers a digital music streaming service that provides on-demand access to a vast catalog of songs and podcasts across various devices, including computers, mobiles, and home entertainment systems. Subscribers can explore music collections from friends, artists, and celebrities, create personalized playlists, and share their music selections through social media platforms. The service operates under two segments: Premium, which offers ad-free streaming, and Ad-Supported, which allows users to access content without a subscription fee. As of early 2020, Spotify had approximately 286 million monthly active users, including 130 million premium subscribers, across around 79 countries and territories. In addition to its streaming services, Spotify supports artists by enabling them to promote their music and connect with fans. The company also engages in research and development activities, with operations extending globally, including significant presence in Europe, North America, and Asia.

Trustpilot

Series D in 2015
Trustpilot is the world’s most powerful review platform - free and open to all. With more than 58 million reviews of over 270,000 domains, Trustpilot gives people a place to share and discover reviews of businesses, and we give every company the tools to turn consumer feedback into business results. Our mission is to bring people and businesses closer together to create ever-improving experiences for everyone. Trustpilot reviews are seen more than 3 billion times each month by consumers worldwide. With offices in Copenhagen, London, New York, Denver, Berlin, Melbourne and Vilnius, Trustpilot's 700 employees represent more than 40 different nationalities. For more information, visit https://www.trustpilot.com/

Aevy

Seed Round in 2015
Aevy helps 10x developers lead happier lives with jobs they deserve, and bring in-demand talents to companies building amazing things. Aevy’s search engine automatically matches the recruiter at the company with the best and most suitable candidates. This allows for a recruiting process that is faster, more accurate and less biased - and a pricing model that is perfectly aligned with the customer’s needs. For candidates, this means they avoid spam of irrelevant job offers and can enjoy a comfortable, tailor-made, road to the perfect job.

Cryex Group

Venture Round in 2015
CRYEX - THE GATEWAY BETWEEN FINANCIAL MARKETS & THE BLOCKCHAIN ECONOMY An experienced financial industry team with a strong track record across Banking, Investment banking, FX markets, Asset Management, Exchange trading, Technology, Regulatory, Risk and Security is hard at work changing the face of cryptocurrencies and building a financial services company.

Outfittery

Series C in 2015
Outfittery provides an online personal shopping service for men. OUTFITTERY’s mission is to take the pain out of shopping for men – as an online version of the “personal shopping”.Their personal style experts put together two or three outfits for each of their customers based on their preferences and personality from a range of top brands. Each customer is served and advised personally after a first online contact and an (optional) phone call. They keep the range of clothes constantly up to date by looking for the most interesting men´s fashion brands and the best items of popular designers worldwide.Their service is free and the individually selected items are sent to their customers free of charge. Customers only pay for the pieces that they want to keep in their wardrobe and feel comfortable in. OUTFITTERY today is the pioneer and market leader in curated shopping for men in Europe, shipping to eight countries (Germany, Austria, Switzerland, Netherlands, Belgium, Luxemburg, Sweden and Denmark).

Sqore

Series A in 2015
Smart Recruitment - Automate the process between your job ad and the first interview. Increase screening efficiency Efficiently screen your candidates based on their skills and motivation - automagically - regardless of number of candidates. Deepen candidate engagement Engage today’s generation of candidates through rewarding experiences and allow them to get insights into your company before the interview. Lower your hiring costs We don't charge per candidate. Evaluate 100,000 candidates at the same cost as 100 - no need to limit yourself in the search for new talent.

Vionlabs

Seed Round in 2015
Vionlabs AB develops digital eco-systems for carriers, cable networks, and Internet providers in Scandinavia, Europe, and the Middle East. It offers MMDb, an app that allows users to discover music through movies; Tele 2 Sweden and Tele 2 Latvia digital eco-system for online watching and distributing films and TV-shows over the Internet; and atflick, a social video-on-demand service. The company is based in Stockholm, Sweden with an additional office in Barcelona, Spain.

Fuse

Seed Round in 2015
Fuse specializes in mobile app development and full stack development, providing a comprehensive suite of services that includes advisory and concept development. Founded by experienced professionals in mobile graphics, the company aims to enhance the app and user experience creation process for both designers and developers. Fuse offers a cutting-edge user experience tool suite designed to bridge the gap between prototyping and actual development, facilitating a more seamless transition from initial design concepts to functional applications.

PlayRaven

Series A in 2014
PlayRaven Oy is an independent game development company based in Helsinki, Finland, founded in 2013 by five industry veterans with extensive experience in AAA console, mobile, and free-to-play games. The studio specializes in creating original strategy games designed for touch screens, as well as providing outsourcing services. PlayRaven has released over 50 game titles, including notable successes from various renowned studios. As of November 30, 2018, PlayRaven operates as a subsidiary of Rovio Entertainment.

Fyndiq

Venture Round in 2014
Fyndiq AB is an e-commerce platform based in Stockholm, Sweden, founded in 2009. It serves as a marketplace for bargain-hunting consumers and provides a sales channel for various e-tailers looking to sell their overstock. The platform offers a wide range of products across multiple categories, including mobile and surfboards, health and beauty, fashion, home, electronics, sports and leisure, and children's items. With over 220,000 products available from more than 1,100 merchants, Fyndiq caters to consumers seeking affordable options. The company launched its platform in 2010 and has experienced significant growth, doubling its sales from 56 million SEK in 2012 to nearly 124 million SEK in 2013. In 2014, Fyndiq secured $20 million in funding to support its international expansion, attracting investment from notable venture capital firms. The team currently consists of 75 dedicated members focused on enhancing the shopping experience for both consumers and retailers.

AllUnite

Series A in 2014
AllUnite is a global advertising technology platform that enables advertising companies and media agencies to effectively measure, forecast, and target audiences. AllUnite is a turn-key adtech solution for audience measurement out-of-home: in stores, cinemas, airports, shopping centres, railway stations, or many more. The company provides hardware and technology for data collection, processing, and analysis. AllUnite was founded in 2013 in Copenhagen, Denmark by serial entrepreneurs Esben Elmoe and Kasper Gevaldig.

Fishbrain

Seed Round in 2014
FishBrain AB develops a mobile application that connects sport fishing people and anglers. It offers Fishbrain, an application that enables users to connect and follow anglers and fishing spots; find fishing spots and research when the fish bite best; join conversations with other users; keep fishing log; and explore public catch locations. The company’s application also enables users to track and share personal statistics, such as caches per month, species, fishing locations, baits, and methods; find top baits for fishing locations, fish species, and fishing methods; and get fishing forecast for the next days. Its application is available on App Store and Google Play. FishBrain AB was founded in 2009 and is based in Stockholm, Sweden.

Fuse

Seed Round in 2014
Fuse specializes in mobile app development and full stack development, providing a comprehensive suite of services that includes advisory and concept development. Founded by experienced professionals in mobile graphics, the company aims to enhance the app and user experience creation process for both designers and developers. Fuse offers a cutting-edge user experience tool suite designed to bridge the gap between prototyping and actual development, facilitating a more seamless transition from initial design concepts to functional applications.

Spotify

Secondary Market in 2014
Spotify AB, founded in 2006 and headquartered in Stockholm, Sweden, offers a digital music streaming service that provides on-demand access to a vast catalog of songs and podcasts across various devices, including computers, mobiles, and home entertainment systems. Subscribers can explore music collections from friends, artists, and celebrities, create personalized playlists, and share their music selections through social media platforms. The service operates under two segments: Premium, which offers ad-free streaming, and Ad-Supported, which allows users to access content without a subscription fee. As of early 2020, Spotify had approximately 286 million monthly active users, including 130 million premium subscribers, across around 79 countries and territories. In addition to its streaming services, Spotify supports artists by enabling them to promote their music and connect with fans. The company also engages in research and development activities, with operations extending globally, including significant presence in Europe, North America, and Asia.

iZettle

Series C in 2014
iZettle is reinventing technologies and banking services that help small-business owners live better, work less and earn more. Based in Stockholm, the financial technology company revolutionized mobile payments in 2010 with the world’s first mini chip card reader and software for mobile devices. Today, small-business owners around the world use iZettle’s powerfully simple services to improve the speed and ease of payments at checkout, business management, sales analytics, customer engagement, and funding

Boomlagoon

Series A in 2014
Based in the world mobile gaming capital Helsinki, Finland, our team consists of game industry veterans from companies like Rovio, Remedy, Digital Chocolate, Housemarque and Recoil. With a strong understanding of mobile games the company has won multiple Editor’s Choice awards and has been featured worldwide for it’s exclusive list of games based on diverse gameplay mechanics and compelling experiences engaging players on a regular basis.

Activate

Series A in 2014
ACTIVATE Holdings LLC is a New York-based content creator and influencer marketing platform operating in the fashion and lifestyle sectors since its founding in 2007. The platform aggregates and curates blog content from across the internet, allowing users to connect with their preferred influencers and discover tailored content through personalized recommendations. ACTIVATE supports influencer discovery, program workflow, measurement, and analytics for cross-platform collaborations, engaging over 150,000 vetted influencers across various social media channels, including Instagram, YouTube, and Facebook. Additionally, the platform enables collaborations with specific communities of creators, such as vegan food enthusiasts and outdoor lovers, by utilizing geo-targeting and micro-survey tools to identify niche influencer groups. As of August 2020, ACTIVATE operates as a subsidiary of Impact Tech, Inc.

Footway

Series A in 2014
Footway Group AB operates an online shoe store based in Kista, Sweden. The company features a diverse selection of approximately 800 brands, including well-known names such as Nike, Adidas, Converse, and Dr Martens. Footway serves a broad customer base, with around 2 million clients across approximately 24 markets. The company's specialized platform allows it to cater to a wide range of footwear needs, positioning it as a significant player in the online retail sector for shoes.

mCASH

Series A in 2014
mCASH is a Norwegian startup that offers a mobile payment service designed to facilitate instant transactions between banks, merchants, and consumers. By establishing a new infrastructure, mCASH enhances revenue opportunities for banks and provides merchants with multi-channel sales capabilities and valuable data services. The platform aims to create a seamless payment experience, making it easier for consumers to engage in mobile transactions while supporting merchants in optimizing their sales processes.

Auka AS

Series A in 2014
Auka AS operates a platform that enables financial institutions to launch their own mobile payments service to merchants and consumers. The company was formerly known as mCASH Norge AS. Auka AS was founded in 2010 and is based in Oslo, Norway. As of October 15, 2015, Auka AS operates as a subsidiary of DNB ASA

Trustpilot

Series C in 2014
Trustpilot is the world’s most powerful review platform - free and open to all. With more than 58 million reviews of over 270,000 domains, Trustpilot gives people a place to share and discover reviews of businesses, and we give every company the tools to turn consumer feedback into business results. Our mission is to bring people and businesses closer together to create ever-improving experiences for everyone. Trustpilot reviews are seen more than 3 billion times each month by consumers worldwide. With offices in Copenhagen, London, New York, Denver, Berlin, Melbourne and Vilnius, Trustpilot's 700 employees represent more than 40 different nationalities. For more information, visit https://www.trustpilot.com/

Mojn

Secondary Market in 2014
Mojn Ltd. provides a channel for e-commerce businesses to send personalized emails to the existing customers. Its product integrates with existing email providers and automatically inserts personalized email template for specific user segment. Mojn Ltd. was founded in 2013 and is based in Copenhagen, Denmark. As of December 10, 2015, Mojn Ltd. operates as a subsidiary of LiveIntent Inc.

Nuday Games

Seed Round in 2013
Nuday Games is an entertainment company that focuses on gamifying subcultures, whereof Rock Science is the first product. Nuday Games - We Gamify Subcultures We turn discussions among people in core target groups into engaging activities. We formalize the social context and give value and structure to the target group’s passion. In the end, consumers of all ages love to compete and socialize with their shared knowledge as foundation. First in-house developed Game product is Rock Science – "The Rock Game of the Century". www.rockscience.tv

Soundrop

Series B in 2013
Soundrop is a social music application that enables users to listen, vote, and interact about songs with their friends. It allows Spotify users to create listening rooms with their existing Spotify playlists. They can also share these listening rooms with their friends, and let their friends help curate the rooms by adding songs or voting up tracks. Everyone can chat about the music as they listen. Additionally, Soundrop has many public rooms dedicated to various music genres such Dubstep, Indie Rock, and Hip hop. Users can chat, add new tracks and vote up tracks they want to listen to next. Soundrop was founded by Inge Andrè Sandvik, Johann Prieur, Ali Sabil, and Ole Andrè Vadla Ravnås in 2011. It launched as a social jukebox app inside Spotify’s App Finder in November 2011.

TracID

Venture Round in 2013
TracID was founded in 2005 with the initiative of utilizing RFID technology within the oil and gas industry to successfully track the lifecycle of drill pipe for operators on the Norweigan Continental Shelf. Since commercialization in 2010, this tag has been installed and successfully deployed in over 40,000 drill string components. In March 2016 TracID was acquired by NOV Tuboscope. This technology combined with Tuboscope’s comprehensive package of products and services maximizes useful asset life and reduces total cost of ownership.

Trustpilot

Series B in 2012
Trustpilot is the world’s most powerful review platform - free and open to all. With more than 58 million reviews of over 270,000 domains, Trustpilot gives people a place to share and discover reviews of businesses, and we give every company the tools to turn consumer feedback into business results. Our mission is to bring people and businesses closer together to create ever-improving experiences for everyone. Trustpilot reviews are seen more than 3 billion times each month by consumers worldwide. With offices in Copenhagen, London, New York, Denver, Berlin, Melbourne and Vilnius, Trustpilot's 700 employees represent more than 40 different nationalities. For more information, visit https://www.trustpilot.com/

Widespace

Series A in 2012
Widespace AB operates Summit, a digital programmatic ad platform and marketplace to deliver branding campaigns on mobile. The company offers inventory marketplace, formats and ad-serving, data marketplace, and reporting solutions. It offers a range of services to media buyers and publishers in relation to their purchases and sales of advertising inventory. Widespace AB was founded in 2007 and is headquartered in Stockholm, Sweden with additional offices in Amsterdam, the Netherlands; Copenhagen, Denmark; Helsinki, Finland; London, United Kingdom; Milan, Italy; Warsaw, Poland; Oslo, Norway; Paris, France; and Stockholm, Sweden. As of July 18, 2018, Widespace AB operates as a subsidiary of Sellbranch AB.

iZettle

Series B in 2012
iZettle is reinventing technologies and banking services that help small-business owners live better, work less and earn more. Based in Stockholm, the financial technology company revolutionized mobile payments in 2010 with the world’s first mini chip card reader and software for mobile devices. Today, small-business owners around the world use iZettle’s powerfully simple services to improve the speed and ease of payments at checkout, business management, sales analytics, customer engagement, and funding

Soundrop

Series A in 2012
Soundrop is a social music application that enables users to listen, vote, and interact about songs with their friends. It allows Spotify users to create listening rooms with their existing Spotify playlists. They can also share these listening rooms with their friends, and let their friends help curate the rooms by adding songs or voting up tracks. Everyone can chat about the music as they listen. Additionally, Soundrop has many public rooms dedicated to various music genres such Dubstep, Indie Rock, and Hip hop. Users can chat, add new tracks and vote up tracks they want to listen to next. Soundrop was founded by Inge Andrè Sandvik, Johann Prieur, Ali Sabil, and Ole Andrè Vadla Ravnås in 2011. It launched as a social jukebox app inside Spotify’s App Finder in November 2011.

Trustpilot

Series A in 2011
Trustpilot is the world’s most powerful review platform - free and open to all. With more than 58 million reviews of over 270,000 domains, Trustpilot gives people a place to share and discover reviews of businesses, and we give every company the tools to turn consumer feedback into business results. Our mission is to bring people and businesses closer together to create ever-improving experiences for everyone. Trustpilot reviews are seen more than 3 billion times each month by consumers worldwide. With offices in Copenhagen, London, New York, Denver, Berlin, Melbourne and Vilnius, Trustpilot's 700 employees represent more than 40 different nationalities. For more information, visit https://www.trustpilot.com/

Energy Micro

Venture Round in 2010
Energy Micro is a global provider of energy friendly microcontrollers and RF transceivers based on the ARM Cortex processor cores. Consuming a quarter of the energy of competing products, the company's ultra low power EFM32 Gecko MCUs and EFR4 Draco radios target energy sensitive applications, including smart metering, building automation, security systems and portable heath and fitness equipment. The products are supported by Energy Micro's Simplicity Studio, an easy-to-use software console helping to reduce embedded system development times. Energy Micro's mission is to develop, market and sell the world's most energy friendly microcontrollers and radios, based on modern and powerful microprocessor architectures. The company is founded by experienced semiconductor professionals with previous experience from successful semiconductor companies.

Asetek

Venture Round in 2009
Asetek A/S, together with its subsidiaries, designs, develops, and markets liquid cooling solutions in Asia, Europe, and the Americas. The company operates through: Gaming and Enthusiast, and Data Center segments. Its products are used in personal computers, servers, and data centers to provide enhanced performance, acoustics, and energy efficiency. The company serves original equipment manufacturers, resellers, and channel partners. Asetek A/S was founded in 1997 and is headquartered in Aalborg, Denmark.

Innotech Solar

Venture Round in 2009
Innotech Solar delivers high quality solar modules with the best value for money. In an innovative laser-based process, Innotech Solar maximizes electricity production by optimizing various types of solar cells. ITS strives to make use of 100% of the raw materials for energy generation. Our modules combine environmental friendliness, durability, and an outstanding price-performance-ratio. Innotech Solar was established in 2008 as a spin-off from REC (Renewable Energy Corporation ASA). 5 years later the company has 120 employees and has established an international presence with factories in Germany, Sweden and Hong Kong, sales offices in Munich, Shanghai and California, and headquarter in Narvik, Norway.

Tobii

Series B in 2009
Tobii AB develops and sells eye-tracking technology and solutions, operating through three main segments: Tobii Dynavox, Tobii Pro, and Tobii Tech. The Tobii Dynavox segment specializes in augmentative and alternative communication devices, particularly for individuals with conditions such as spinal cord injuries and cerebral palsy. Tobii Pro focuses on providing eye-tracking hardware and analytics software, serving companies and research institutions in market research and consumer behavior studies. Tobii Tech offers integration solutions for eye-tracking technology across various applications, including gaming, virtual reality, and smart devices. Founded in 2001 and headquartered in Danderyd, Sweden, Tobii holds an extensive portfolio of eye-tracking patents, which underpins its innovative offerings in the field. The company distributes its products through a network of resellers and agents globally.

Innotech Solar

Series A in 2008
Innotech Solar delivers high quality solar modules with the best value for money. In an innovative laser-based process, Innotech Solar maximizes electricity production by optimizing various types of solar cells. ITS strives to make use of 100% of the raw materials for energy generation. Our modules combine environmental friendliness, durability, and an outstanding price-performance-ratio. Innotech Solar was established in 2008 as a spin-off from REC (Renewable Energy Corporation ASA). 5 years later the company has 120 employees and has established an international presence with factories in Germany, Sweden and Hong Kong, sales offices in Munich, Shanghai and California, and headquarter in Narvik, Norway.

PlayDo

Venture Round in 2008
PlayDo AB provides online games for young players. It offers Spineworld, a massively multiplayer online (MMO) game. The company was founded in 1999 and is based in Stockholm, Sweden.

Wiral Internet Group

Series B in 2008
Wiral Internet Group AB develops and owns Web applications. It also owns PriceRunner, a price-comparison site; and TestFreaks, a consumer product review site, which aggregates and presents data on specific products from professional reviews, user reviews, video reviews, blogs, and forums. In addition, the company has ownership interest in Buzzador, a word-of-mouth marketing company. Wiral Internet Group AB was founded in 2006 and is based in Stockholm, Sweden.

Spotify

Series A in 2008
Spotify AB, founded in 2006 and headquartered in Stockholm, Sweden, offers a digital music streaming service that provides on-demand access to a vast catalog of songs and podcasts across various devices, including computers, mobiles, and home entertainment systems. Subscribers can explore music collections from friends, artists, and celebrities, create personalized playlists, and share their music selections through social media platforms. The service operates under two segments: Premium, which offers ad-free streaming, and Ad-Supported, which allows users to access content without a subscription fee. As of early 2020, Spotify had approximately 286 million monthly active users, including 130 million premium subscribers, across around 79 countries and territories. In addition to its streaming services, Spotify supports artists by enabling them to promote their music and connect with fans. The company also engages in research and development activities, with operations extending globally, including significant presence in Europe, North America, and Asia.

Supponor

Series A in 2008
Supponor Oy manufactures, commercializes, and installs digital billboard replacement technology for live sports broadcasts. Its international billboard rights allow advertisers to target various markets/regions with advertising from the same event in local language/with relevant messages for various markets. The company was formerly known as Virtual Advertising Systems Ltd. Supponor Oy was founded in 2001 and is based in Espoo, Finland.

TestFreaks

Series B in 2008
TestFreaks is now a world leading of B2B review solutions provider for online merchants. TestFreaks underwent a very significant change in 2012. Shifting from a B2C centric medium for aggregated review content and price comparison, the company transformed into a strictly B2B focused review solutions provider for online retailers, manufacturers and other comparison sites. The company offers four primary review solutions: * Aggregated Expert Reviews (more than 3,000,000) * Aggregated User Reviews (more than 20,000,000) * Product review collection through post purchase email * Service review collection through post purchase email All review collection services include human moderation in local language (over 30 languages currently supported). Through strategic partnerships with some of the worlds leading e-commerce platforms, the company has reduced client side implementation effort from four hours to under five minutes.

Silex Microsystems

Venture Round in 2008
Silex Microsystems AB is a prominent foundry specializing in micro electro mechanical systems (MEMS), offering advanced manufacturing capabilities and process technologies. Established in 2000 and headquartered in Järfälla, Sweden, with additional offices in Boston and Palo Alto, the company provides a diverse range of MEMS products including sensor-based devices that measure pressure, speed, direction, position, temperature, and light. Their offerings also include actuators utilized in applications such as optical and RF switches, as well as static three-dimensional MEMS structures like micro-needles and lab-on-chip products. Silex serves a variety of industries, including automotive, life sciences, telecommunications, and consumer electronics, positioning itself as a key partner for high-tech companies seeking innovative MEMS solutions.

Norstel

Venture Round in 2008
Norstel AB researches, develops, and manufactures conductive and semi insulating silicon carbide substrates. It also offers silicon carbide n-type and p-type epitaxy substrate. The company offers products for high performance semiconductors used in power and high-frequency electronics. It serves customers in Sweden and internationally. Jesperator AB changed its name to Norstel AB. The company was founded in 2005 and is based in Norrkoping, Sweden. As of February 6, 2019, Norstel AB operates as a subsidiary of STMicroelectronics N.V..

GoHello

Venture Round in 2007
Speakanet A/S is the Award winning technology company behind GoHello. The company was founded in 2001 in Copenhagen, Denmark, by two Telecoms specialists who realised that the mobile telecommunications sector was both stagnant yet ready for massive disruption. The company is headquartered in Copenhagen, Denmark, with staff in London, UK and Prague, Czech Republic. The company was hailed best Start-up in Ernst & Young's prestigious Entrepreneur Of The Year (2005) competition.

ChapDrive

Venture Round in 2007
ChapDrive is a venture technology company located in Trondheim, Norway. ChapDrive offers a gearless technology for wind turbines based on a patented high efficiency hydraulic drivetrain with high-voltage synchronous generator. ChapDrive’s solution has no mechanical gearbox, no frequency converter, no transformer and no permanent magnets. Benefits are lower top weight, fewer critical components and improved reliability leading to reduced capital expenditure and operating expense and thus reduced cost of energy. ChapDrive has installed, optimized and operated two wind turbines with hydraulic transmission to verify the business potential of the concept. With a strong management team and a staff of 20 competent and dedicated employees ChapDrive is now entering the stage of the commercialization where it is ready to invite partners to finalize development of commercial products and offer the wind industry a unique solution to existing challenges. ChapDrive has its headquarter and workshop in Trondheim, Norway, a test site at Valsnes close to Trondheim, a subsidiary in Silkeborg, Denmark and a representation in Hong Kong, China.

TestFreaks

Series A in 2007
TestFreaks is now a world leading of B2B review solutions provider for online merchants. TestFreaks underwent a very significant change in 2012. Shifting from a B2C centric medium for aggregated review content and price comparison, the company transformed into a strictly B2B focused review solutions provider for online retailers, manufacturers and other comparison sites. The company offers four primary review solutions: * Aggregated Expert Reviews (more than 3,000,000) * Aggregated User Reviews (more than 20,000,000) * Product review collection through post purchase email * Service review collection through post purchase email All review collection services include human moderation in local language (over 30 languages currently supported). Through strategic partnerships with some of the worlds leading e-commerce platforms, the company has reduced client side implementation effort from four hours to under five minutes.