Diving into the Nordic and Baltic 2020 Venture Capital Landscape

White Star Capital
Aug 26, 2020 · 2 min read

2020 Deep Dive on the Nordic and Baltic Venture Capital Ecosystem

White Star Capital has published reports on key venture capital geographies including Southeast Asia, New York/US East Coast, Canada, The UK, Germany, France, Japan, and South Korea. Now, we are delighted to share our newest report covering the Nordic and Baltic Venture Capital ecosystems. This report focuses not only on Nordic leaders, such as Sweden and Denmark, but covers the full region — including Finland, Norway, Iceland, Estonia, Latvia, and Lithuania.

There are a number of aspects about the Northern European Venture Capital ecosystem that has allowed it to become one of the world’s fastest growing regions. Northern Europe has long been known for its world-leading education and research institutions and has one of the most forward-thinking digital strategies and internet penetration rates in the world. There is a long-standing tradition of openness to globalization that resonates strongly with White Star’s core investment thesis.

We at White Star Capital have been investing in the Nordics, leading rounds in promising companies such as Unacast in Norway and Safello in Sweden. We’ve seen incredible growth in the region, and are excited that the high-end talent from the region is getting the institutional support it needs to create global leaders.

In our report, we explore the benefits of The Nordic Model, the growth drivers of the ecosystem, and the opportunities available to international investors. We highlight many of the reasons we are excited to be active in the region in the coming years, including:

  • The Nordic and Baltic regions have seen a 207% 3-year increase in VC funding.
  • All Nordic countries rank in the Top-15 in the world in innovation, as ranked by the World Economic Forum Global Competitiveness Report.
  • High-quality investment opportunities are driving activity towards growth in Series A and B rounds.
  • Mega-winners such as Spotify, Klarna, Lendify, TransferWise, and Vinted are attracting international investors looking for the next unicorns from the region.

From its inception, White Star Capital has been investing in entrepreneurs who think globally from Day 1, and we are looking forward to supporting the next generation of international leaders coming out of the Nordic and Baltic region.

Please have a read and share widely!

If you have any questions or feedback on our report, please email mitchell@whitestarcapital.com

Venture Beyond

White Star Capital