Silicon Fjords - 5 Notable Nordic Startups

The Nordic countries are typically among the busier areas in the European tech ecosystem, but Q1 wasn't a particularly strong start to the year for startups in the region. Collectively, firms in the space took just USD31.9m in venture capital investments, across 11 deals. That’s a big plunge from Q1 2015, where Nordic firms took USD186.2m, across 20 deals, although a large part of this was the USD98m round for Icelandic data centre Verne Global. This isn’t to say funding isn’t going near Scandinavia - Spotify took a whopping USD1bn in a convertible note offering last month, but it’s a firm that has now matured beyond venture funding. However, even within Q1’s deals interesting firms continue to pick up funding. Here are five of the most significant.