THE NORDIC TECH FUNDING REPORT

J U LY 2 0 1 7

EXITS UP BUT INVESTMENTS DOWN

E X E C U T I V E S U M M A R Y

he main news in July was that the number of Swedish exits passed 63 meaning that the number of Swedish exits has already surpassed last year. The largest

exit in July was the Ingenico Group purchase of Bambora for €1.5B.

A summary of the July Nordic Tech news:

» 38 investments in July ‘17 down on both last year (56) and last month (51).

» Only €80m was invested in July ‘17 which is down on both last month (€122m) and last year (€257m).

» Clean Tech was the most active Nordic Tech industry in July with seven investments. The largest Clean Tech investment was Sol Voltaics with €18.8m.

» Creandum was the most active investor with three investments in July. Followed by Wellstreet and Kichi Invest with two invest-

ments.

Hopefully with the summer season over the number of investments will increase and some of the capital gains from the exits will be invested back into the Nordic Tech ecosystem in the near future.

Any questions, please do email.

howard@nordictechlist.com.

HOWARD RIMINTON, NORDIC TECH LIST

T

THE HOLIDAY SEASON FOR INVESTMENTS

F U N D I N G A C T I V I T Y

» 38 investments in July ‘17, down on both last year (56) & last month (51).

» Norway was the only country to out perform both last year and last month.

» Sweden and Fin-land have both seen large drops in the number of funding rounds.

» We predict that the number of investments will increase in the near future as capital gains are reinvested.

FUNDING ROUNDS

ONLY €80M INVESTED IN JULY

» Only €80m was invested which is a reduc-tion on last month (€122m) and last year (€257m).

» Swedish funding is the same as last year at €44m.

» Danish funding is down on both last month & last year.

» Finnish funding is down on last year.

» Norwegian fund-ing is up on last year.

T O TA L F U N D I N G

TOTAL FUNDING €M

CLEAN TECH LEADING THE WAY

» €19m Sol Voltaics (SE) Clean tech.

» €12m Blueprint Genetics (FI) Med-Tech.

» €9m Kahoot (NO) Edtech.

» €6m Otovo (NO) Clean tech.

» €6m Bynk (SE) Fintech.

T O P I N V E S T M E N T S

INVESTMENT SIZE €M

A CLEAN SWEEP FOR SWEDISH INVESTORS

M O S T A C T I V E I N V E S T O R S

» Creandum (SE) invested in Kahoot (NO), Bokio (SE) & Epidemic Sound (SE).

» Wellstreet (SE) invested in Activio (SE) & Fysiotest (SE).

» Kichi Invest (SE) invested in Starflow (SE) & Epidemic Sound (SE).

» Svea Ekonomi (SE) invested in Bokio (SE) & Stidner (SE).

» Clean tech was the most active industry with seven investments, the largest being Sol Voltaics (SE) €19m.

» E-commerce was the second most active industry with six investments, the largest being SMARTSTER (SE) €0.7m.

» Health Tech, Fintech and Market-places all had three investments each.

CLEANTECH CLEANS UPT O P I N D U S T R I E S

TOP INDUSTRIES

» At the time of this report the number of Swed-ish exits has just passed 63, equal to all of the Swedish exits last year.

» The Bambora pur-chase at €1.5B was the largest exit.

» The Urb-it IPO was less success-ful with the share price falling since the listing.

2017 IS ALREADY A RECORD FOR EXITS

E X I T S

DEDICATED TO NORDIC TECH

» NTL is the Nordic Tech Database. The only database that is dedicated to Nordic Tech covering investments, revenues, P&L and people. NTL is the first choice source for Nordic Tech data and has been referenced by many different publications including 8till5.se, The BBC, Breakit, SVD, The Nordic Web and P1 Radio… oh and this cool site Di Digital.

» As at July 2017 NTL has over 208,000 data points, over 11,000 users, and 7,000 companies. All of the data can be viewed at NTL using the advanced search.

» NTL is constantly growing from all of the data and information provided by users, investors, journalists and APIs. NTL is a free site and anyone who is interested in Nor-dic Tech can simply create an account and instantly start to contribute information.

» The aim of NTL is to help grow the Nordic Tech ecosystem both locally and interna-tionally by creating an online platform for everything Nordic Tech. NTL is fully owned by Dagens Industri with some funding from Google via the DNI Fund.

A B O U T N T L

THIS IS HOW WE MADE THE REPORT

» This report is based on Nordic Tech investments contained in the NTL data-base, all of the data can be accessed at nordictechlist.com.

» The report includes all types of disclosed investments in Nordic Tech companies.

» It does not include transactions in listed companies, secondary transactions, bank loans, M&A transactions or non Nordic companies like SoundCloud.

» All amounts are reported in €s to enable relevance to as many users as possible.

VISIT US AT NORDICTECHLIST.COM

S C O P E & M E T H O D O L O G Y