# Where Startups in Nordics Are Based: 2026 Map of 2,274 Companies

> Map of where 2,274 funded startups in the Nordics are based, city by city: Stockholm, Copenhagen and Helsinki lead. $61B raised between them.

Source: https://millionrounds.com/geo-maps/where-nordics-startups-are-based (Millionrounds; every figure on the page links to its filing or article)

Each circle is a city, sized by how many startups are based there. Countries are shaded by their count.

## Leading cities

- Stockholm 378 $15B
- Copenhagen 244 $3.5B
- Helsinki 217 $3.7B
- Oslo 128 $2.7B
- Gothenburg 59 $531M
- Espoo 54 $4.6B
- Aarhus 39 $149M
- Lund 35 $221M
- Kobenhavn 30 $314M
- Malmoe 24 $118M
- Tampere 24 $354M
- Reykjavik 24 $665M
- Oulu 19 $125M
- Uppsala 18 $91M
- Trondheim 18 $72M

## By country

- Sweden 879 $30B
- Denmark 554 $8.1B
- Finland 501 $15B
- Norway 295 $6.5B
- Iceland 45 $1.1B

## Best-funded

- [*N* **Northvolt** Sweden · $5.0B](https://millionrounds.com/company/northvolt)
- [**ICEYE** Finland · $3.0B](https://millionrounds.com/company/iceye)
- [*O* **Oura** Finland · $2.9B](https://millionrounds.com/company/oura)
- [**Neko Health** Sweden · $1.7B](https://millionrounds.com/company/neko-health)
- [**Stegra** Sweden · $1.6B](https://millionrounds.com/company/stegra)
- [*K* **Klarna** Sweden · $1.6B](https://millionrounds.com/company/klarna)
- [**Lovable** Sweden · $1.4B](https://millionrounds.com/company/lovable)
- [**Legora** Sweden · $1.3B](https://millionrounds.com/company/legora)
- [**Cloover** Sweden · $1.3B](https://millionrounds.com/company/cloover)
- [*NA* **Northvolt AB** Sweden · $1.0B](https://millionrounds.com/company/northvolt-ab)
- [**1X Technologies** Norway · $1.0B](https://millionrounds.com/company/1x-technologies)
- [*OH* **Oura Health Oy** Finland · $875M](https://millionrounds.com/company/oura-health-oy)

**How this map is made.** Every startup here has raised money in rounds we track. Each is placed at the city we hold for it, matched to that city's position in GeoNames (cities of 15,000 people or more; geonames.org, CC BY 4.0); startups without a city on record count in the totals but not on the map. Rebuilt nightly; updated 15 November 2026.

## More geo maps

[All geo maps](https://millionrounds.com/geo-maps)

[Region **Where startups in Europe are based** 22,758 startups](https://millionrounds.com/geo-maps/where-europe-startups-are-based)[Region **Where startups in North America are based** 45,068 startups](https://millionrounds.com/geo-maps/where-north-america-startups-are-based)[Region **Where startups in East Asia are based** 4,721 startups](https://millionrounds.com/geo-maps/where-east-asia-startups-are-based)[Region **Where startups in DACH are based** 3,096 startups](https://millionrounds.com/geo-maps/where-dach-startups-are-based)[Region **Where startups in Southern Europe are based** 2,490 startups](https://millionrounds.com/geo-maps/where-southern-europe-startups-are-based)[Region **Where startups in Latin America are based** 2,230 startups](https://millionrounds.com/geo-maps/where-latin-america-startups-are-based)

## Raising where these startups are?

Find the investors who back startups in these cities, with their cheques, rounds and partners, in the app with filters, lists and exports.

[Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)