VR has been a buzzword in the Nordics for some time now, with Nordic VR showcases taking place Stateside and even a dedicated mainstream event in Slush Play. There's no doubting that interest in the sector is at an all time high in the region, but is the money following the hype?
Any semi-regular reader of The Nordic Web will know that investment has increased dramatically in the region over the last couple of years. This is of course a positive development, but to determine just how strong funding performance in the Nordics currently is, it serves us well to occasionally place the region into a wider context.
As the United States sees their tech companies increasingly toiling when it comes to going public (bar Twilio), the Nordics have had no such trouble. In fact, quite the opposite has happened, as the number of tech companies conducting an IPO have dramatically increased.
For the first time ever, we track the percentage of Nordic capital and investments each country has been the beneficiary of on a quarterly basis over the last two and a half years, in order to get a true sense of which countries are attracting additional investor interest and which are stagnating.
The notorious Nordic summer slowdown is almost here, but before everyone signs off for sun, sand and *ahem*, June provided us with one of the biggest funding rounds in 2016 so far, the Nordics' (and Europe's) first 'decacorn' and one of the legends of the Nordic startup scene stepping down from his current role.
In Q2 2016, we tracked 26 Danish investments totalling $92.09 million.
Q2 was another strong quarter for Danish startups attracting investment, and although there was a slight drop in the number of investments from Q1, 23 investments in Q2 illustrates a consistency emerging from the last three quarters, with 20+ investments occurring each time.