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Nordic Private Capital Breakdown

2021

Nordic Private Capital Breakdown

February 22, 2021

Nordic Private Capital Breakdown
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A tale of two markets: Nordic VC dealmaking soars, PE deal value falls
How the Nordic private capital ecosystem fared in 2020

In the past two years, with its global brand names and massive funding rounds, the Nordic venture scene has cemented itself as one of Europe's major VC ecosystems. Nordic PE activity, meanwhile, slowed in 2020, with deal value hitting a seven-year low. Our inaugural Nordic Private Capital Breakdown analyzes the venture capital and private equity markets in Norway, Sweden, Denmark, Finland and Iceland, forecasting major trends and exploring key sectors. Highlights include:
 
  • Nordic-based startups raised a record €5.1 billion in VC funding in 2020, up more than 20% year-over-year
 
  • Sweden's share of PE deal volume hit a 10-year high, fueled in part by the country's unconventional approach to tackling the pandemic
 
  • Standout sectors in Nordic VC included fintech, mobile gaming, music, and digital health, while the IT sector accounted for one third of all closed PE deals