Spotify, Genmab, Skype, Klarna, King (with Candy Crush!) are some of the most successful Nordic growth unicorns the past ten years.
What do they all have in common? They were all backed by Venture Capital in their start-up phase.
In our new report, we show that Venture capital plays a key role in the growth engines of the Nordic economies.
Especially since the Nordic growth and innovation is depending on successful start-ups within on the ICT and life science. These companies are very risky by nature, with a huge scale potential. This make them unsuitable for traditional bank finance and rely on risk-finance just as Venture capital.
Although Nordic venture capital markets rank slightly above European peers, we find that the markets could double in size if they reached their full potential.
The study is commissioned by the Swedish, Danish Nordic and Finnish Venture Capital Association.Download