Report: Shape of the New Nordics 2024

Throughout the year, we at byFounders track the pre-seed to Series A rounds in the New Nordics and compile a dataset for our internal use. 

This year, we teamed up with Crunchbase to streamline the data collection and extend the scope of the analysis. Once again, we’re excited to share some of the trends we’ve seen and highlight a few companies that stand out from each country.

Interested in knowing:

• How much capital was invested in New Nordic tech startups?
• What percentage of startups raise Series A within 1-4 years after their seed round by cohort?
• Who were the most active investors?
• How active were non-European investors?
• How much funding did impact startups receive?
• What was the share of diverse founding teams and repeat founders?
• What new VC funds launched in the region?

We hope you enjoy the report, which you’ll find below.