In 2013, a group of 70 people comprising founders, investors, angels and other tech enthusiasts, gathered at a town house in Copenhagen to discuss, debate and deliberate the state of the local startup and tech scene. A new grassroots movement, #CPHFTW (Copenhagen, for the Win), was born
The interest and investment in eSports has dramatically increased in the Nordics in the last six weeks, demonstrating that investors are increasingly becoming aware of the investable opportunity that eSports represents.
We've decided to make public one of the data-points from our members analysis on International investment as we believe it says a lot about the individual ecosystems in the Nordics, as we reveal each countries reliance on International capital.
In the first six weeks of Q3, we've tracked 63 investments totalling $296.4 million. While the total amount raised is very healthy, at half way through the quarter, we are projecting 'just' 126 investments in Q3, which would be the lowest we've recorded since Q3 2015 and would account for the first down quarter we've recorded since Q3 2014.
With the Nordic tech scene continuing to attract the world's attention, investor interest is naturally increasing too, meaning 2016 has seen the largest number of International investors putting money into the region in a calendar year despite it only being August.
The Finnish startup ecosystem has been showing plenty of promise in the last decades, but for the country to experience a Sweden-like golden era of startups, Finnish entrepreneurs need more local money and late stage maverick investors willing to take risks.
July saw us welcome the latest member of the Nordic unicorn club, as one of Denmark's biggest tech successes raised a monster Series C, while one of their most promising up-and-coming startups was acquired by PSA Group and Opera was finally sold, but not how we expected.
With each month these days bringing us as many investments as we used to see every quarter, we've decided that going forward, we will be analysing investment into the Nordics on a monthly basis, starting with July.
The majority of people in the Nordics may well be on their holidays but even in the off-season they managed to provide us with a brand-spanking-new unicorn, three other $10 million+ funding rounds as well as eleven exits. Not bad for the holiday season, not bad at all...