One of the most fascinating dynamics of the Nordic startup scene is that millions and millions of Americans interact with Nordic tech on a daily basis without even realising it.
This is particularly true of Nordic produced gaming successes, with Business Insider reporting that Nordic games took up six spots among the top 3 for Free, Paid and Highest Grossing apps in the most downloaded in the U.S last weekend.
Most of the companies (Mojang, Supercell, King, Toca Boca) that produce the games included on the list are global household names, yet are not necessarily associated with the Nordics outside of the region. Communicating these successes to the outside world is an ongoing challenge for the region, and one I consider key to its future success.
Finnish app Treamer has raised 500,000EUR for their mobile-first job marketplace which connects freelancers with potential employers within a 20KM radius for a task/job that takes a maximum of one day. Although these feels quite restricting for user acquisition, according to the company they have doubled their user numbers every month since launching in April.
Maj Invest Equity has established a new fund for small and medium-sized Danish companies with revenues between EUR 13M and 130M. This is a private equity fund, with investments typically looking for 40-85% of a company, meaning the money will mainly be used for strategic investments/majority acquisitions.
The main owners of Nordnet now wants to buy out the company from the stock exchange, together with the private equity company Nordic Capital. Öhman Group, who already own 62.7% of the company have made a bid for Nordnet at a valuation of close to 6.5BSEK.
Uber Eats officially launches in Stockholm, providing competition to Foodora and the Nordic competitor Wolt.
More on the Drone ruling, as several Swedish drone startups speak out regarding the recent court ruling on drones that means that drones need a permit to fly.
Great post pointing to some of the most promising Artificial Intelligence startups in Stockholm
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