About Nordic Makers
Nordic Makers is a venture capital firm founded in 2016. It is primarily based out of Copenhagen, Denmark. As of Oct 2026, Nordic Makers is an active investor, having invested in 81 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Seed round of Good Tape Overall, Nordic Makers portfolio has seen 1 unicorn, 4 IPOs and 21 acquisitions including key companies like Delivery Hero, Zendesk and Donkey Republic. A lot of funds co-invest with Nordic Makers, with names like Sunstone sharing a substantial percentage of its portfolio. Nordic Makers has team of 6 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Unicorns
Nordic Makers' List of Top Investments
Nordic Makers has a portfolio of 81 companies, one of which is a Unicorn. Their most notable investments are in Cylindo and Bookboon.Their portfolio spans across Denmark, United States, Sweden and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 24 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Nordic Makers:Platform offering food ordering and delivery services. Its marketplace enables users to provide online food delivery services from restaurants and cafes. The platform provides services for the delivery of flowers, medicines, gifts, packages, and e-commerce.
Key facts about Delivery Hero
- Founded Year: 2010
- Location: Berlin (Germany)
- Annual Revenue: €1B+ as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $1.8B
- Employee Count: 43,225 as on Sep 30, 2026
- Investors: Kreos Capital, Tengelmann Ventures and 45 Others
- Latest Funding Round: Post IPO, Jan 07, 2021, $*****
- Highlight: Public
2. Zendesk
Cloud based customer service and engagement platform for businesses. The platform integrates with the helpdesk backend systems and streamlines customer support with ticket views, triggers, and automation using products such as help center, insight, and analytics. It provides self-service solutions by leveraging a knowledge base and community forums.
Key facts about Zendesk
- Founded Year: 2007
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $89.1M
- Employee Count: 7,613 as on Jul 31, 2026
- Investors: Goldman Sachs, Veyo Partners and 20 Others
- Latest Funding Round: Post IPO, Jun 12, 2020, $*****
- Highlight: Acquired
Operator of a bike-sharing service providing short-term bicycle rentals. The company offers a mobile application to locate and unlock available bicycles. The bicycles can be picked up and dropped off at designated locations. The service aims to provide a flexible and sustainable transportation option.
Key facts about Donkey Republic
- Founded Year: 2012
- Location: Copenhagen (Denmark)
- Stage: Public
- Total Funding till date: $1.02B
- Employee Count: 150 as on Sep 30, 2026
- Investors: Nordic Makers, Danmarks Eksport og Investeringsfond and 12 Others
- Latest Funding Round: Post IPO, Apr 08, 2024, $*****
- Highlight: Public
4. Unity
Developer of a real-time development platform for 2D and 3D content. The platform provides tools and services for creating games and industry applications. It supports multiple platforms and offers features for monetization, user acquisition, and collaboration. The platform also provides learning resources, documentation, and community support.
Key facts about Unity
- Founded Year: 2004
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $894M
- Employee Count: 7,102 as on Sep 30, 2026
- Investors: HTIF, Silver Lake and 52 Others
- Latest Funding Round: Post IPO, Feb 27, 2025, $*****
- Highlight: Public
5. Clue
Provider of women-led period and cycle tracker app. The application offers cycle statistics and predictions. It provides tracking modes based on individual needs. The application allows users to share cycles with partners.
Key facts about Clue
- Founded Year: 2012
- Location: Berlin (Germany)
- Annual Revenue: €1M - €10M as on Dec 31, 2021
- Stage: Series B
- Total Funding till date: $56M
- Employee Count: 162 as on Sep 30, 2026
- Investors: Draper Esprit, Mosaic Ventures and 45 Others
- Latest Funding Round: Series B, Jan 15, 2026, $*****
- Highlight: Editors' Pick
Nordic Makers' Year-on-Year Investment Trends
Nordic Makers has invested in 81 companies over the last 12 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Oct 2026, it has made 4 investments in this year. Its most recent first time investment was in Good Tape and most recent follow-on round was in Cognigy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 1 | 2 |
2020 | 3 | 0 | 3 |
2019 | 4 | 1 | 5 |
2018 | 4 | 1 | 5 |
2017 | 6 | 1 | 7 |
Nordic Makers' Investments by Stage
Nordic Makers has made 20 investments in Seed stage with an average round size of $1.7M, 7 investments in Series A stage with an average round size of $8.48M, 1 investment in Angel stage with an average round size of $3.6M, 1 investment in Series B stage with an average round size of $21M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 20 |
Series A | 7 |
Angel | 1 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Nordic Makers' Investments by Sector
Nordic Makers has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Environment Tech, Sustainability Tech and Vertical SaaS. Notably, it has invested in 72 Tech companies, 53 Enterprise (B2B) companies, 52 Software companies and at least 34 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 15 |
High Tech | 8 |
Environment Tech | 5 |
Sustainability Tech | 5 |
Vertical SaaS | 5 |
Others | 41 |
Note: We have considered here, only first round of investments
Nordic Makers' Investments by Geography
Nordic Makers has made most investments in Denmark (13), followed by United States where it has made 5 investments.Country | No. of Investments |
|---|---|
Denmark | 13 |
United States | 5 |
Norway | 3 |
Sweden | 3 |
United Kingdom | 3 |
Others | 4 |
Note: We have considered here, only first round of investments
Nordic Makers' recent investments
Nordic Makers has made 4 investments in 2026 so far. Good Tape and Birdsview are the latest among them.Here are the most recent investments by Nordic Makers:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 01, 2026 | Denmark | Seed | 6026 | - | |
Aug 17, 2026 | Norway | Series A | 7714 | ||
Apr 27, 2026 | Sweden | Seed | 9272 | [+3] | |
Jan 26, 2026 | Denmark | Seed | 4340 | ||
Aug 15, 2025 | Denmark | Seed | 4390 | [+3] |
Unicorns in Nordic Makers' Portfolio
Nordic Makers has 1 unicorn in its portfolio - Multiverse. The most recent unicorn in their portfolio is Multiverse which became a unicorn in 2022, 4 years before Nordic Makers first invested in it.Here is a list of unicorns in Nordic Makers' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Provider of professional apprenticeship programs for data and technology skills | 2016 | London | Series D | njhy{er |
IPOs and Publicly Listed companies in Nordic Makers' Portfolio
4 of Nordic Makers' portfolio companies have become public. Donkey Republic got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2021 and Unity got listed on the New York Stock Exchange (NYSE) at marketcap of undefined.Here are Nordic Makers' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 28, 2021 | - | - | 4616 | |
Sep 18, 2020 | - | - | 4254 | |
Jun 30, 2017 | - | - | 9614 | |
- | - | - | 9009 |
Acquired companies in Nordic Makers' Portfolio
21 companies from Nordic Makers' portfolio have been acquired. The most recent acquisition was Good Tape.Here are Nordic Makers' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 02, 2026 | Oct 01, 2026 | Seed | 4196 | |
Jul 28, 2025 | Nov 26, 2019 | Series A | 2299 | |
Sep 01, 2024 | - | - | 2830 | |
Jun 24, 2022 | - | - | 9007 | |
Jun 07, 2022 | Sep 09, 2018 | Seed | 1504 |
Team profile of Nordic Makers
Nordic Makers has a team of 6 members including 6 Partners located in Denmark. Nordic Makers' team sits on the board of 1 company.Here is a list of all team members in Nordic Makers:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Copenhagen | - | - | |
Partner | Denmark | - | - | |
Partner | Denmark | - | - | |
Partner | Denmark | - | - | |
Partner | Copenhagen | Shipbeat and ChurchDesk | - | |
Partner | - | - | - |
Co-investors of Nordic Makers
Over the past 12 years, 203 investors have co-invested in Nordic Makers's portfolio companies. This includes funds and angels.
- Invested before Nordic Makers: Charlotte Street Capital, Hiowzat partners and 36 others have invested in rounds before Nordic Makers. There is 1 company where Charlotte Street Capital has invested before Nordic Makers and 1 company where Hiowzat partners has invested before Nordic Makers.
- Top Co-investors of Nordic Makers: 93 investors entered a company along with Nordic Makers. These include investors like Sunstone (2 companies).
- Invested after Nordic Makers: A total of 72 investors have invested in Nordic Makers's portfolio after their investments. Top Investors include Europa (3 companies), Byfounders (3 companies) and Vaekstfonden (3 companies).
Recent News related to Nordic Makers
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Birdsview Raises €3.7M in FundingFinSMEs•Aug 19, 2026•Sarsia Venture Management, Proptechfonden, Birdsview, Butterfly Ventures and 4 others
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Atech Raises Pre-Seed Funding To Simplify Hardware Building For Physical AI EraStartup Rise EU•Apr 27, 2026•Atech, Lovable, Superscout, Emblem and 2 others
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Kime Secures €2M to Revolutionize AI Search into Actionable Brand AnalyticsStartup Rise EU•Jan 26, 2026•PSV Deeptech, Nordic Makers, Kime
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Zendesk Acquiring Ultimate, An AI-powered Customer Support Automation PlatformIndianWeb2•Mar 19, 2024•Ultimate, Zendesk, Pluto.com, Sitecore and 13 others
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Cognigy secures $44M in Series B fundingAngel News•Jun 04, 2021•Cognigy, Insight Partners, DN Capital, Global Brain and 3 others
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Copenhagen’s CluedIn raises $15 million in Series A round led by Dawn CapitalTech.eu•Apr 22, 2021•CluedIn, Dawn Capital, Nordic Makers
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Finnish startup Cooler Future wants to fight climate change with impact investing, raises over €1 millionTech.eu•Nov 03, 2020•Cooler Future, Lifeline Ventures, Nordic Makers
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Swedish startup Willa raises $3 million to help freelancers get paid for their work, on time no lessTech.eu•Jun 30, 2020•Willa, EQT Ventures, Nordic Makers, Moonfire
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ClimateView raises $2.5 million for its toolkit to visualize climate mitigation plansTechCrunch+•Apr 08, 2020•ClimateView, Norrsken Foundation, Nordic Makers, Max Ventures & Industries and 4 others
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Cognigy receives $ 6 million for self-service automation solutionsVenture Capital magazine•Nov 26, 2019•Cognigy, DN Capital, Nordic Makers, Inventories and 1 other
