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

BioPhero's logo

BioPhero

Kongens Lyngby, Denmark

2016

€19m

Series A

€77

11-50

Depict's logo

Depict

Marketing /

depict.ai

Stockholm, Sweden

2019

€18m

Series A

€77

11-50

Karma's logo

Karma

Stockholm, Sweden

2016

€18m

€55

51-200

Raffle.ai's logo

Raffle.ai

Education, Marketing /

raffle.ai

Copenhagen, Denmark

2018

€18m

Series A

€82

11-50

GRID's logo

GRID

Enterprise Software /

grid.is

Reykjavík, Iceland

2018

€18m

Series A

€55

11-50

Unleash's logo

Unleash

Enterprise Software /

unleash-hosted.com

Oslo, Norway

2019

€15m

Series A

€64

11-50

Metacore's logo

Metacore

Helsinki, Finland

2014

€15m

Debt

€75

51-200

Normative.io's logo

Normative.io

Fintech, Enterprise Software /

normative.io

Stockholm, Sweden

2014

€12m

Series A

€50

51-200

Hyme's logo

Hyme

Energy /

hyme.energy

Copenhagen, Denmark

2021

€11m

Early VC

€55

11-50

UIzard's logo

UIzard

Enterprise Software /

uizard.io

Copenhagen, Denmark

2017

€17m

Series A

€68

11-50

2017

€16m

Early VC

€80

11-50

Flow Neuroscience's logo

Flow Neuroscience

Health, Wellness Beauty /

flowneuroscience.com/wp

Malmo, Sweden

2021

€10m

Series A

€40

11-50

Carbo Culture's logo

Carbo Culture

Carbon capture /

carboculture.com

Helsinki, Finland

2017

€6m

Seed

€28

11-50

Grace Health's logo

Grace Health

Predictive analysis & monitoring /

grace.health

Stockholm, Sweden

2017

€5m

Seed

0

10-50

iFarm's logo

iFarm

Vertical farming /

ifarmproject.com

Helsinki, Finland

2017

€4m

Seed

0

11-50

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