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

Annotell's logo

Annotell

Transportation, Enterprise Software /

annotell.com

Gothenburg, Sweden

2018

€29m

Series A

€109

51-200

Yousician's logo

Yousician

Music, Education /

company.yousician.com

Helsinki, Finland

2010

€29m

Series B

€127

51-200

Agreena's logo

Agreena

København, Denmark

2018

€28m

Series A

€100

51-200

Corti's logo

Corti

Health /

corti.ai

Copenhagen, Denmark

2016

€28m

Series A

€123

51-200

SAVR's logo

SAVR

Fintech /

savr.com

Stockholm, Sweden

2016

€24m

Late VC

€89

51-200

Morrow's logo

Morrow

Energy, Transportation /

morrowbatteries.com

Oslo, Norway

2020

€25m

Private Placement VC

€0

51-200

Neat's logo

Neat

Telecom /

neat.no

Oslo, Norway

2019

€25m

Early VC

€541

201-500

Insurely's logo

Insurely

Fintech /

insurely.com

Stockholm, Sweden

2018

€24m

Series A

€105

11-50

Forecast's logo

Forecast

Enterprise Software /

forecast.app

Copenhagen, Denmark

2016

€23m

Series A

€86

51-200

Tesseract's logo

Tesseract

Helsinki, Finland

2017

€23m

Series A

€114

11-50

Good Good's logo

Good Good

Reykjavík, Iceland

2015

€23m

Series B

€91

11-50

SENSIBEL's logo

SENSIBEL

Semiconductors /

sensibeltech.com

Oslo, Norway

2016

€22m

Series A

€75

11-50

ArK Kapital's logo

ArK Kapital

Stockholm, Sweden

2021

€9m

Seed

€45

Kompasbank's logo

Kompasbank

Vedbæk, Denmark

2021

€21m

Series A

€102

51-200

Sharper Shape's logo

Sharper Shape

Energy, Robotics /

sharpershape.com

Espoo, Finland

2013

€20m

Series B

€82

51-200

Onego Bio's logo

Onego Bio

Health, Food /

onego.bio

Helsinki, Finland

2022

€10m

Seed

€50

Monta's logo

Monta

Energy, Transportation /

monta.com

Copenhagen, Denmark

2020

€20m

Series A

€75

51-200

Stockeld's logo

Stockeld

Solna Kommun, Sweden

2019

€20m

Series A

€83

11-50

Zevoy's logo

Zevoy

Fintech /

zevoy.com

Espoo, Finland

2020

€19m

Series A

€75

11-50

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