About High Tech sector in Nordics
The High Tech sector in Nordics comprises 4.43K companies, including 1.82K funded companies having collectively raised $39B in venture capital money and private equity. Out of these, 736 are Series A+ funded, and 9 have achieved unicorn status.
High Tech sector in Nordics has seen 348 acquisitions and 105 IPOs. This represents almost 10.2% of all such companies - which is higher than the 5.2% exit rate of tech companies in general.
This sector includes companies working on developing technology-intensive products and software related to products like Drones, 3D Printing, Nano Technology, Edge Computing, etc.
High Tech sector is also known as Advanced Tech, Emerging Tech, Deep Tech, Disruptive Tech or Innovative Tech.
Companies included in High Tech
Companies offering HiTech solutions like 3D Printing, Virtual Reality, Augmented Reality, Natural Language Processing, etcCompanies excluded in High Tech
Excludes companies that provide solutions which do not involve much technology like, E-Commerce, Agricultural equipments, biomedical equipments, life science solutions, cybersecurity solutions, service solution providers for technology companies, IT services, etc.Top High Tech Companies in Nordics
There are more than 4.43K companies in High Tech in Nordics. Oura is the top High Tech company in Nordics, ranked using Tracxn Score (what's this?).
Here are 5 of the top High Tech companies in Nordics:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Developer of a smart ring for sleep, stress, fitness, and health | Oulu (Finland) | 2013 | Series E | $1.32B | |
Provider of customer communications management platform | Stockholm (Sweden) | 2008 | Public | $12M | |
Provider of unified platform for retail and supply chain planning | Helsinki (Finland) | 2005 | Series D | $816M | |
Provider of unified endpoint device solutions | Helsinki (Finland) | 1988 | Public | - | |
SaaS-based platform for charging station management | Copenhagen (Denmark) | 2020 | Series B | $142M |
Companies founded year-on-year in the High Tech sector in Nordics
469 High Tech startups in Nordics were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 13 |
2024 | 71 |
2023 | 176 |
2022 | 300 |
2021 | 469 |
2020 | 278 |
2019 | 272 |
2018 | 340 |
2017 | 287 |
2016 | 300 |
Stage-wise distribution of High Tech sector companies in Nordics
Out of the total 4,430 High Tech companies in Nordics, 1,819 have secured funding. Among them, 736 have reached Series A or higher, and 552 to Series B or beyond.
Founded - 4,430
Funded - 1,819
Series A+ - 736
Series B+ - 552
Series C+ - 495
Company Stage | No. of companies |
|---|---|
Founded | 4,430 |
Funded | 1,819 |
Series A+ | 736 |
Series B+ | 552 |
Series C+ | 495 |
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Funding Trends in the High Tech sector in Nordics
Total funding year-on-year in the High Tech sector in Nordics
The High Tech sector in Nordics saw a total funding of more than $36.7B in the last 10 years. The most amount of funding was in 2024 at more than $7.14B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $3.22B |
2024 | $7.14B |
2023 | $4.1B |
2022 | $4.71B |
2021 | $6.85B |
2020 | $4.65B |
2019 | $2.83B |
2018 | $1.54B |
2017 | $1.09B |
Recent Funding Rounds in High Tech in Nordics
In the year 2025, till November 2025, High Tech companies in Nordics have raised $2.75B in equity funding across 100 rounds.
In the same period last year (i.e. till November 2024), High Tech companies in Nordics had raised $1.24B across 118 rounds.
So, 2025 has seen a 121.65% rise in funding in High Tech companies in Nordics as compared to 2024.
Here are some recent, important funding rounds in High Tech companies in Nordics:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 6767 | Nov 05, 2025 | - | |
Seed | 1494 | Nov 05, 2025 | ||
Series C | 7132 | Oct 30, 2025 | ||
Series A | 2709 | Oct 28, 2025 | ||
Series A | 9385 | Oct 24, 2025 |
Top Investors in High Tech in Nordics
Felicis Ventures is the top investor in High Tech companies in Nordics based on number of companies invested.
Here are some top investors in High Tech companies in Nordics:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | ||
Lund (Sweden) | ||
London (United Kingdom) | ||
Stockholm (Sweden) | ||
Zurich (Switzerland) | DigiShares and Eljun |
M&A activity in High Tech sector in Nordics
In the year 2025, till October 2025, 22 acquisitions happened in High Tech sector in Nordics. Last year, in 2024, a total of 33 acquisitions happened in High Tech sector in Nordics.
Here are some recent, important acquisitions in High Tech sector in Nordics:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 22, 2025 | ||
Business Acquisition | Oct 07, 2025 | ||
Business Acquisition | Sep 16, 2025 | ||
Business Acquisition | Sep 11, 2025 | ||
Business Acquisition | Sep 08, 2025 |
Acquisition trends in High Tech sector in Nordics
Here are the acquisition trends in High Tech sector in Nordics:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 22 |
2024 | 34 |
2023 | 26 |
2022 | 40 |
2021 | 41 |
2020 | 20 |
2019 | 27 |
2018 | 17 |
2017 | 33 |
2016 | 29 |
IPOs in High Tech in Nordics
In the year 2025, till August 2025, 2 IPOs happened in High Tech sector in Nordics.
Here are some recent, important IPOs in High Tech sector in Nordics:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 28, 2025 | Oslo Stock Exchange (OSLO BORS) | |
Mar 19, 2025 | Athens Exchange (ATHEX) | |
Sep 17, 2024 | Nasdaq First North (FIRST NORTH NORWAY) | |
Nov 29, 2023 | Euronext Exchange (Euronext) | |
Dec 09, 2022 | Stockholm Stock Exchange (STO) |
Colleges which produce the most High Tech companies in Nordics
Companies founded by alumni from top colleges in the High Tech in Nordics
Most number of High Tech startups in Nordics have been founded by alumni from Aalto University, Stanford University and London School of Economics and Political Science.
College | No. of companies |
|---|---|
Aalto University | 61 |
Stanford University | 9 |
London School of Economics and Political Science | 8 |
University of Cambridge | 8 |
Copenhagen Business School | 5 |
Imperial College London | 5 |
KTH Royal Institute of Technology | 5 |
University College London | 5 |
University of Oxford | 5 |
Lund University | 4 |
Total funding in High Tech companies founded by alumni from top colleges in Nordics
In the last 10 years, Aalto University graduates' High Tech companies in Nordics have raised the most funding among top colleges. University of Chicago and Booth School of Business alumni are second.
College | Total Funding |
|---|---|
Aalto University | $1.75B |
University of Chicago | $1.7B |
Booth School of Business | $1.7B |
KTH Royal Institute of Technology | $381M |
National University of Singapore (NUS) | $259M |
Stanford University | $239M |
Hong Kong University of Science and Technology (HKUST) | $228M |
Copenhagen Business School | $220M |
Kellogg School of Management | $132M |
University of Edinburgh | $110M |
Top News in High Tech in Nordics
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ARC Raiders hits 4 million, Nexon’s biggest launch everNotebookcheck Publishing GmbH•Nov 11, 2025•Embark Studios
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Arc Raiders Sells 2.5M Copies, Grossing $100M, A GOTY ContenderNotebookcheck Publishing GmbH•Nov 08, 2025•Embark Studios
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CTEK Unveils Next-Gen Lineup at SEMA 2025: Smarter, Stronger, More ConnectedPR Newswire•Nov 06, 2025•CTEK
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Smart Eye's Real-Time Alcohol Impairment Detection Named a CES 2026 Innovation Awards(R) Honoreeaccessnewswire.com•Nov 05, 2025•Smart Eye
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Ørsted A/S Announces Completion of Rights Issue and Strong Execution of Business PlanFinancial Times•Nov 05, 2025•Orsted
