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Nordics

Continent / region · Europe · Pop. 28.3M · #17 region by EV

A public taster of the full Nordics ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

6,968 Pool of Funded Startups
1,959 Annual Startups FoundedAll new ventures
719 Annual Startups FundedReceived investment
get funded 37%
2,715 Pre-Seed Startups$100K–1M
2,012 Seed Startups$1–4M
Pre-Seed to Seed 26%
1,353 Series A Startups$4–15M
Seed to Series A 23%
493 Series B Breakouts$15–40M
A to Series B 31%
249 Series C Breakouts$40–100M
B to Series C 40%
97 Mega Scaleups$100–250M
reach Mega 1.4%
49 Mega+ Scaleups$250M+
reach Mega+ 0.70%
99 Unicorns($1–10B valuation)
reach Unicorn 1.4%
10 Decacorns($10–100B valuation)
reach Decacorn 0.14%
Pre-Seed
2,715
Seed
2,012
Series A
1,353
Series B
493
Series C
249
Unicorn
99
Decacorn
10

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Largest rounds

Largest funding rounds in Nordics

A live treemap of the largest VC rounds. Each cell is one round into Nordics-headquartered companies, grouped by Dealroom sector.

Largest rounds in Nordics - 2026

Every $100M+ VC round into Nordics-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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Top sub-locations

Inside Nordics: top 5 sub-locations

Sub-locations inside Nordics ranked by combined enterprise value, paired with their 5-year growth multiplier.

By enterprise value
1 Sweden $278B
2 Denmark $142B
3 Finland $79.1B
4 Norway $65.8B
5 Iceland $10.8B
By 5-yr EV growth
1 Norway 8.8×
2 Sweden 5.7×
3 Iceland 5.5×
4 Denmark 4.3×
5 Finland 3.9×

VC investment

How much venture capital flows into Nordics

VC investment into Nordics-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Location comparison

How Nordics stacks up

Compare Nordics with peers from other continents / multi-country regions — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$4.2T
$3.4T
Nordics
$574B
$338B
$130B
$72.2B

Combined enterprise value of each ecosystem.

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Nordics dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Nordics's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Nordics's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Nordics's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Nordics's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Nordics
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Nordics
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.