# B2C investors in the Nordics (2026 list) > 20 B2C investors in the Nordics, 95% active in the last 12 months. Led by Crowdcube, SVB Capital, Fidelity. Ranked by what they funded. Source: https://millionrounds.com/lists/b2c-investors-in-nordics (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # B2C investors in the Nordics Updated 7 November 2026 Firms observed backing a B2C company in the Nordics in the last two years, wherever the firm is based. [See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fb2c-investors-in-nordics)The top 20 **20** investors on the list No change this week **301** cheques in 12 months *-16%* against the market **$4.3M** median round they joined *-46%* against the market median **95%** wrote a cheque in 12 months **50%** have led a round ## The Top 20 Ordered by cheques observed, never by anything anyone paid for Deploying now (19) - 1 [Crowdcube](https://millionrounds.com/fund/crowdcube) *Deploying now* VC firm · United Kingdom **715** **$615K** median round **Sept 2026** last seen - 2 [SVB Capital](https://millionrounds.com/fund/svb-capital) *Deploying now* VC firm · United States **564** **$20M** median round **Oct 2026** last seen - 3 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 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 [The Danish Growth Fund](https://millionrounds.com/fund/v-kstfonden) *Deploying now* VC firm **132** **$3.6M** median round **Aug 2026** last seen - 6 [Rabobank](https://millionrounds.com/fund/rabobank) *Deploying now* Corporate VC · Netherlands **122** **$3.2M** median round **Nov 2026** last seen - 7 [EIT InnoEnergy](https://millionrounds.com/fund/innoenergy) *Deploying now* VC firm · Netherlands **115** **$3.8M** median round **Jul 2026** last seen - 8 [Export and Investment Fund](https://millionrounds.com/fund/export-and-investment-fund) *Deploying now* VC firm **94** **$3.2M** median round **Sept 2026** last seen - 9 [EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi) *Deploying now* Government · Belgium **91** **$4.9M** median round **Dec 2025** last seen - 10 [ByFounders](https://millionrounds.com/fund/byfounders) *Deploying now* VC firm · Denmark **71** **$3.6M** median round **Sept 2026** last seen - 11 [Chalmers Ventures AB](https://millionrounds.com/fund/chalmers-ventures-ab) *Deploying now* VC firm **67** **$848K** median round **Sept 2026** last seen - 12 [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) *Deploying now* Family office · United States **56** **$158M** median round **Oct 2026** last seen - 13 [ABN AMRO Fund](https://millionrounds.com/fund/abn-amro-clearing) *Deploying now* Corporate VC · Netherlands **54** **$185M** median round **Nov 2026** last seen - 14 [Innovation Fund Denmark](https://millionrounds.com/fund/innovation-fund-denmark) *Deploying now* VC firm · Denmark **46** **$780K** median round **May 2026** last seen - 15 [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) *Deploying now* VC firm · Sweden **40** **$3.5M** median round **Sept 2026** last seen - 16 [EIFO (Denmark)](https://millionrounds.com/fund/eifo) *Deploying now* Government · Denmark **13** **$16M** median round **Oct 2026** last seen - 17 [Atreides](https://millionrounds.com/fund/atreides) *Deploying now* Private equity · United States **6** **$600M** median round **Aug 2026** last seen - 18 [North Ventures](https://millionrounds.com/fund/north-ventures) *Deploying now* VC firm · Denmark **4** **$15M** median round **Sept 2026** last seen - 19 [Whale Rock](https://millionrounds.com/fund/whale-rock) *Deploying now* Hedge fund · United States **4** **$725M** median round **Sept 2026** last seen - 20 [Sagitta](https://millionrounds.com/fund/sagitta) quiet VC firm **1** **$11M** median round **Sept 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Fidelity](https://millionrounds.com/fund/fidelity) - **5** Nov **[Pure Data Centres Group](https://millionrounds.com/company/pure-data-centres-group)** Debt · $1.9B *With* [ABN AMRO Fund](https://millionrounds.com/fund/abn-amro-clearing) - **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Rabobank](https://millionrounds.com/fund/rabobank) - **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Fidelity](https://millionrounds.com/fund/fidelity) - **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *Led by* [Almi Invest](https://millionrounds.com/fund/almi-invest) - **28** Oct **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** Growth · $425M *With* [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) ## Stages This Year 278 rounds - Venture **16%** - Seed **14%** - Debt **13%** - Other **11%** - Series A **8%** - Other **38%** ## What They Backed Sectors, last 12 months - AI **65** - Biotech **42** - Energy **31** - Healthcare **18** - Fintech **18** - Robotics **14** ## Cheques by Quarter Led Joined 87 Q1 25 88 Q2 25 102 Q3 25 108 Q4 25 93 Q1 26 79 Q2 26 66 Q3 26 23 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) ## Quick answers about B2C investors in the Nordics ### Who are the most active B2C investors in the Nordics? By cheques observed, the most active are Crowdcube, SVB Capital, Fidelity, Almi Invest and The Danish Growth Fund. ### How many B2C investors in the Nordics are there? 20 are on record. 95% made an investment in the last 12 months and 50% have led a round. ### Which stages do B2C investors in the Nordics back? Of the rounds with a named stage in the last 12 months, mostly Seed (21%) and Debt (19%). ### How big are the rounds B2C investors in the Nordics join? The typical (median) round among the leading investors here is $4.9M. ### Which sectors do B2C investors in the Nordics back most? In the last 12 months, mostly AI, Biotech and Energy. ### Which B2C investors in the Nordics lead the most rounds? ICONIQ Capital (16 led), Fidelity (15 led) and ByFounders (7 led). ### Where are B2C investors in the Nordics based? Among the most active, most are based in the United States (5), Denmark (4) and the Netherlands (3). ### What have B2C investors in the Nordics invested in recently? Recent rounds include Harbinger (Series D+, Nov 2026, with Fidelity), Pure Data Centres Group (Debt, Nov 2026, with ABN AMRO Fund) and Return (Debt, Nov 2026, with Rabobank). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)