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.
Predictably, comparing July 2016 to July 2015 and 2014 sees the number of investments and the amount invested significantly higher than the two previous years, 84% and 51.3% YOY respectively.
However, in the context of 2016, it was the slowest of the year yet, although this can be easily explained by the fact that the Nordics pretty much shut down over July, meaning funding announcements are fewer due to the audience being less.
Norway continued their strong 2016, still competing with Denmark and Finland for the number of investments they're seeing each month, with Sweden naturally competing on another level.
July was a strong month for the larger rounds, as in addition to Unity's $181 million monster round, we also saw three other $10 million+ rounds (Universal Avenue, Lifesum, Ukkoverkot)
It was the usual suspects who were attracting the funding, although it's notable that Edtech continues to attract increasing investment in the Nordics in 2016.
Nearly 1 in 3 funding rounds in July included at least one investor from outside the Nordics, as the region continues to strike a good balance between domestic and International capital.
Not too much can be read into just a singular month's funding performance and as such we won't be drawing any real conclusions, but by providing the above analysis each month, we hope to provide a more regular temperature check on the Nordic investment scene.