# B2B investors in the Nordics (2026 list)

> 26 B2B investors in the Nordics, 81% active in the last 12 months. Led by Khosla Ventures, Seedcamp, Creative Destruction Lab. Ranked by what they funded.

Source: https://millionrounds.com/lists/b2b-investors-in-nordics (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# B2B investors in the Nordics

Updated 7 November 2026

Firms observed backing a B2B company in the Nordics in the last two years, wherever the firm is based.

[See all 26 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2b-investors-in-nordics)The top 25

**26** investors on the list *-2* this week

**473** cheques in 12 months *-12%* against the market

**$6.2M** median round they joined *-23%* against the market median

**81%** wrote a cheque in 12 months

**54%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (20)

- 1 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen
- 2 [Seedcamp](https://millionrounds.com/fund/seedcamp) *Deploying now* VC firm · United Kingdom **519** **$5M** median round **Nov 2026** last seen
- 3 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen
- 4 [Almi Invest](https://millionrounds.com/fund/almi-invest) *Deploying now* VC firm · Sweden **328** **$1.1M** median round **Nov 2026** last seen
- 5 [Angel Invest](https://millionrounds.com/fund/angel-invest) *Deploying now* VC firm · Germany **282** **$1.5M** median round **Nov 2026** last seen
- 6 [Reach](https://millionrounds.com/fund/reach) *Deploying now* VC firm · Canada **217** **$5M** median round **Sept 2026** last seen
- 7 [Arca](https://millionrounds.com/fund/arca) *Deploying now* VC firm · United States **148** **$3.8M** median round **Sept 2026** last seen
- 8 [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) *Deploying now* VC firm · Netherlands **115** **$3.8M** median round **Jul 2026** last seen
- 9 [Scrum Ventures](https://millionrounds.com/fund/scrum-ventures) *Deploying now* VC firm · Japan **109** **$7.1M** median round **Nov 2026** last seen
- 10 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **84** **$2.5M** median round **Oct 2026** last seen
- 11 [Pario Ventures](https://millionrounds.com/fund/pario-ventures) *Deploying now* VC firm · United Kingdom **71** **$2.9M** median round **Aug 2026** last seen
- 12 [PeakSpan Capital](https://millionrounds.com/fund/peakspan-capital) *Deploying now* VC firm · United States **52** **$25M** median round **Oct 2026** last seen
- 13 [European Investment Fund](https://millionrounds.com/fund/european-investment-fund-eif) *Deploying now* VC firm · Luxembourg **44** **$5.2M** median round **Oct 2026** last seen
- 14 [Ponderosa Ventures](https://millionrounds.com/fund/ponderosa-ventures) *Deploying now* VC firm · United States **36** **$3M** median round **Jun 2026** last seen
- 15 [RePie Asset Management](https://millionrounds.com/fund/repie-asset-management) *Deploying now* VC firm · Türkiye **34** **$1.5M** median round **Apr 2026** last seen
- 16 [3TS Capital Partners](https://millionrounds.com/fund/3ts-capital-partners) *Deploying now* Private equity · Finland **23** **$11M** median round **Apr 2026** last seen
- 17 [Finberg](https://millionrounds.com/fund/finberg) *Deploying now* Corporate VC · Türkiye **22** **$3M** median round **Apr 2026** last seen
- 18 [Crowberry Capital](https://millionrounds.com/fund/crowberry-capital) *Deploying now* VC firm · Iceland **6** **$7.6M** median round **Nov 2026** last seen
- 19 [CNI](https://millionrounds.com/fund/cni) *Deploying now* Venture studio · Sweden **3** **$23M** median round **Oct 2026** last seen
- 20 [InReach Ventures](https://millionrounds.com/fund/inreach-ventures) quiet VC firm · United Kingdom **3** **$11M** median round **Oct 2025** last seen
- 21 [Oleka Capital](https://millionrounds.com/fund/oleka-capital) *Deploying now* VC firm · United Kingdom **2** **$10M** median round **Apr 2026** last seen
- 22 [Incore](https://millionrounds.com/fund/incore) quiet Investment firm · Switzerland **1** **$23M** median round **Dec 2024** last seen
- 23 [Incore Invest](https://millionrounds.com/fund/incore-invest) quiet Growth equity · Sweden **1** **$23M** median round **Apr 2025** last seen
- 24 [VOR Capital LLP](https://millionrounds.com/fund/vor-capital-llp) quiet Investment firm · United Kingdom **1** **$23M** median round **Dec 2024** last seen
- 25 [Curiosity Venture Capital](https://millionrounds.com/fund/curiosity-venture-capital) quiet VC firm · Canada **1** **$55M** median round **Oct 2025** last seen

**1 more on this list**

All 26 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2b-investors-in-nordics)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Saidot](https://millionrounds.com/company/saidot)** Round *With* [Crowberry Capital](https://millionrounds.com/fund/crowberry-capital)
- **5** Nov **[Granit](https://millionrounds.com/company/granit)** Seed · $6M *Led by* [Seedcamp](https://millionrounds.com/fund/seedcamp)
- **4** Nov **[Juritas](https://millionrounds.com/company/juritas)** Pre-seed · $1.6M *With* [Angel Invest](https://millionrounds.com/fund/angel-invest)
- **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *Led by* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)
- **2** Nov **[Ozlo](https://millionrounds.com/company/ozlo)** Series B · $22M *With* [Scrum Ventures](https://millionrounds.com/fund/scrum-ventures)
- **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *Led by* [Almi Invest](https://millionrounds.com/fund/almi-invest)

## Stages This Year

464 rounds

- Seed **22%**
- Venture **19%**
- Series A **14%**
- Series B **9%**
- Pre-seed **8%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **182**
- Biotech **33**
- Healthcare **28**
- Energy **25**
- Fintech **23**
- Software **19**

## Cheques by Quarter

Led Joined

135 Q1 25

149 Q2 25

132 Q3 25

158 Q4 25

154 Q1 26

120 Q2 26

109 Q3 26

32 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in b2b software and saas

- Lean B2B: Build Products Businesses Want Étienne Garbugli · 2014 4.16 from 249 ratings on Goodreads B2B software and SaaS About the book www.leanb2bbook.com « This is a must read for every B2B entrepreneur, SaaS creator or consultant and business school student. It's the kind of book you don't read once, you go back to it on a regular basis. » - Carmen Gerea, CEO & Co-founder, UsabilityChefs Lean B2B helps… On AmazonListen on Audible
- The Pricing Roadmap: How to Design B2B SaaS Pricing Models That Your Customers Will Love Ulrik Lehrskov-Schmidt · 2023 4.43 from 207 ratings on Goodreads B2B software and SaaS About the book "The definitive resource on SaaS pricing, I absolutely can not recommend this book enough." Viktor Heide, COO of Contractbook.com, Forbes "30 under 30" A foolproof method to achieve skyrocketing sales, growth, and profits for your software as a service (SaaS) product starts… On AmazonListen on Audible
- Integrity: The Courage to Meet the Demands of Reality Henry Cloud · 2006 4.22 from 3,393 ratings on Goodreads B2B software and SaaS About the book Integrity. It is more than simple honesty. It's the key to success. A person with integrity has the -- often rare -- ability to pull everything together, to make it all happen no matter how challenging the circumstances. Drawing on experiences from his work with Fortune 500… On AmazonListen on Audible
- Blueprints for a SaaS Sales Organization by Jacco vanderKooij Jacco van der Kooij · 2015 4.33 from 324 ratings on Goodreads B2B software and SaaS About the book Because of their very nature, SaaS companies live and die on revenue growth. And once the service is ready there is a very small window in which to scale. Missing that window is the difference between massive success and mediocrity. With such high stakes, it is crucial to get a… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=b2b_software).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about B2B investors in the Nordics

### Who are the most active B2B investors in the Nordics?

By cheques observed, the most active are Khosla Ventures, Seedcamp, Creative Destruction Lab, Almi Invest and Angel Invest.

### How many B2B investors in the Nordics are there?

26 are on record. 81% made an investment in the last 12 months and 54% have led a round.

### Which stages do B2B investors in the Nordics back?

Of the rounds with a named stage in the last 12 months, mostly Seed (30%) and Series A (19%).

### How big are the rounds B2B investors in the Nordics join?

The typical (median) round among the leading investors here is $5.2M.

### Which sectors do B2B investors in the Nordics back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

### Which B2B investors in the Nordics lead the most rounds?

Khosla Ventures (57 led), PeakSpan Capital (11 led) and Seedcamp (6 led).

### Where are B2B investors in the Nordics based?

Among the most active, most are based in the United Kingdom (5), the United States (4) and Canada (3).

### What have B2B investors in the Nordics invested in recently?

Recent rounds include Saidot (Nov 2026, with Crowberry Capital), Granit (Seed, Nov 2026, with Seedcamp) and Juritas (Pre-seed, Nov 2026, with Angel Invest).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)