Dealroom – Nordics Innovation Report, Sep 2024

The Nordics innovation ecosystem is experiencing long-term growth, with Nordic startups now worth a combined $552B, up 16x since 2014. The number of unicorns has grown from 9 in 2014 to 82 in 2024, contributing significantly to this value growth. Nordic startups have raised $3.8B in VC investment so far in 2024, with projections to surpass pre-pandemic levels. Two-thirds of Nordic venture capital comes from non-Nordic investors, with energy startups being the most funded sector. The region has seen over 100 VC-backed exits in 2024, showcasing a vibrant exit market. The report highlights the resilience and opportunities present in the Nordic innovation economy, with optimism for continued growth and success.