The Nordic startups and scaleups to watch in 2022

Sifted ranked the most promising amongst Nordic startups. Which are the companies to watch in 2022?

One of the most active ecosystems in Europe, the Nordics have fostered some of the continent’s finest startups — including giants of the likes of Klarna, Pleo, Aiven, and Oda, as well as 15 more unicorns.

Four out of five countries had record-breaking spells in 2021, with the highest aggregate funding ever recorded in the region and some of the largest rounds in Europe. Even in view of unstable market conditions, Nordic startups are going strength to strength to consolidate their presence across the continent. Sifted ranked the most promising amongst them, including new faces, rising stars, and under-the-radar players.

(If there is anyone missing from this list, or anything is wrong, please let us know by email at [email protected])

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Lenus's logo

Lenus

Copenhagen, Denmark

2016

€50m

Series A

€250

201-500

ADCendo's logo

ADCendo

Health /

adcendo.com

Copenhagen, Denmark

2017

€51m

Series A

€255

11-50

ENORM's logo

ENORM

Flemming, Denmark

2016

€50m

Early VC

€250

11-50

Aprila Bank's logo

Aprila Bank

Fintech /

aprila.no

Oslo, Norway

2017

€50m

Late VC

€272

11-50

Hemab Therapeutics's logo

Hemab Therapeutics

Health /

hemab.com

Copenhagen, Denmark

2019

€50m

Series A

€250

11-50

Xeneta's logo

Xeneta

Transportation, Enterprise Software /

xeneta.com

Oslo, Norway

2012

€52m

Series C

€118

51-200

Synklino's logo

Synklino

Health /

synklino.com

Copenhagen, Denmark

2017

€44m

Series A

€149

11-50

Dispelix's logo

Dispelix

Espoo, Finland

2015

€50m

Series B

€129

51-200

CYTOKI's logo

CYTOKI

Værløse, Denmark

2019

€41m

Series A

€205

2-10

Coripharma's logo

Coripharma

Hafnarfjörður, Iceland

2018

€41m

Early VC

€123

51-200

Contractbook's logo

Contractbook

Copenhagen, Denmark

2017

€39m

Series B

€136

51-200

Resolution Games's logo

Resolution Games

Gaming, Media /

resolutiongames.com

Stockholm, Sweden

2015

€35m

Series C

€114

51-200

Anocca's logo

Anocca

Health /

anocca.com

Södertälje, Sweden

2014

€43m

Series B

€214

51-200

Material Exchange's logo

Material Exchange

Stockholm, Sweden

2017

€32m

Series A

€125

51-200

eBrands's logo

eBrands

Marketing /

e-brands.co

Helsinki, Finland

2021

€29m

Early VC

€145

11-50

21St.Bio's logo

21St.Bio

Food /

21st.bio

Denmark

2020

€86m

Late VC

€430

11-50

Goals's logo

Goals

Gaming, Sports /

goals.co

Stockholm, Sweden

2021

€31m

Seed

€86

11-50

Lassie's logo

Lassie

Health, Fintech /

lassie.co

Stockholm, Sweden

2020

€13m

Series A

€55

11-50

Mainframe Industries's logo

Mainframe Industries

Gaming, Media /

themainframe.com

Helsinki, Finland

2019

€30m

Series B

€104

51-200

Mycorena's logo

Mycorena

Gothenburg, Sweden

2017

€35m

Series A

€120

11-50

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