We very rarely repost on The Nordic Web unless we feel that an insight is particularly valuable to our readership. This is one of those occasions, as Kristinn Árni Lár Hróbjartsson, the Founding Editor of Nordurskautid analyses the VC situation in Iceland.
Gaming has long been one of the Nordics most successful verticals, with the region home to some of the world's biggest hits. Yet, despite this, gaming as an investable opportunity is still seen by many VCs as too risky to enter, even when the track record and talent is as strong as it is in the Nordics. However, with gaming still one of the regions most funded verticals, we took a look at the VCs who are putting capital into the sector and betting on discovering the next big hit.
A lot of the individual Nordic countries often claim any startup success from one of their countrymen as their own, even if it was built and grown from elsewhere, simply based on the founder's nationality. However, when it comes to analysing their true capability to create and grow successful tech startups, it serves to be much more critical.
For the last two years, four verticals have particularly dominated in terms of capturing the majority of funding that has come into the region, comfortably standing above all other verticals when it comes to the number of investments taking place.
We may end up looking back on April 2016 being a very significant month for the Nordic startup scene. Not only did the number of investments drop for the second consecutive month for the first time in over two years, a storm appears to be brewing in Sweden as Spotify's founders write an open letter to the Swedish Government.