# Developer Tools investors in the Nordics (2026 list)

> 34 developer Tools investors in the Nordics, 100% active in the last 12 months. Led by Accel, Khosla Ventures, Menlo Ventures. Ranked by what they funded.

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

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

# Developer Tools investors in the Nordics

Updated 7 November 2026

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

[See all 34 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fdeveloper-tools-investors-in-nordics)The top 25

**34** investors on the list No change this week

**1,027** cheques in 12 months *+2%* against the market

**$20M** median round they joined *+147%* against the market median

**100%** wrote a cheque in 12 months

**56%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen
- 2 [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) *Deploying now* VC firm · United States **1,128** **$26M** median round **Nov 2026** last seen
- 3 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **740** **$37M** median round **Oct 2026** last seen
- 4 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen
- 5 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen
- 6 [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) *Deploying now* VC firm · China **553** **$50M** median round **Nov 2026** last seen
- 7 [EISMEA](https://millionrounds.com/fund/eismea) *Deploying now* Investment firm **524** **$2.2M** median round **Sept 2026** last seen
- 8 [Seedcamp](https://millionrounds.com/fund/seedcamp) *Deploying now* VC firm · United Kingdom **519** **$5M** median round **Nov 2026** last seen
- 9 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen
- 10 [Seed Capital](https://millionrounds.com/fund/seed-capital) *Deploying now* VC firm · Denmark **347** **$4M** median round **Sept 2026** last seen
- 11 [Earlybird Venture Capital](https://millionrounds.com/fund/earlybird) *Deploying now* VC firm · Germany **244** **$13M** median round **Oct 2026** last seen
- 12 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen
- 13 [Point Nine Capital](https://millionrounds.com/fund/point-nine-capital) *Deploying now* VC firm · Germany **184** **$8.6M** median round **Nov 2026** last seen
- 14 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen
- 15 [Kaszek Ventures](https://millionrounds.com/fund/kaszek) *Deploying now* VC firm · Brazil **155** **$20M** median round **Oct 2026** last seen
- 16 [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) *Deploying now* VC firm · United States **154** **$12M** median round **Sept 2026** last seen
- 17 [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
- 18 [World Innovation Lab Wil](https://millionrounds.com/fund/wil-world-innovation-lab) *Deploying now* VC firm · United States **90** **$21M** median round **Oct 2026** last seen
- 19 [Guillermo Rauch](https://millionrounds.com/fund/guillermo-rauch) *Deploying now* VC firm **76** **$10M** median round **Nov 2026** last seen
- 20 [HubSpot Ventures](https://millionrounds.com/fund/hubspot-ventures) *Deploying now* Corporate VC · United States **64** **$25M** median round **Nov 2026** last seen
- 21 [Superhero Capital](https://millionrounds.com/fund/superhero-capital) *Deploying now* VC firm · Finland **54** **$1.4M** median round **Oct 2026** last seen
- 22 [CapitalG](https://millionrounds.com/fund/capitalg) *Deploying now* Corporate VC · Canada **51** **$213M** median round **Oct 2026** last seen
- 23 [Luminar Ventures](https://millionrounds.com/fund/luminar-ventures) *Deploying now* VC firm · Sweden **40** **$3.5M** median round **Sept 2026** last seen
- 24 [Evantic Capital](https://millionrounds.com/fund/evantic-capital) *Deploying now* VC firm · United Kingdom **8** **$175M** median round **Oct 2026** last seen
- 25 [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) *Deploying now* Growth equity · United States **8** **$425M** median round **Oct 2026** last seen

**9 more on this list**

All 34 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%2Fdeveloper-tools-investors-in-nordics)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel)
- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi)
- **5** Nov **[Granit](https://millionrounds.com/company/granit)** Seed · $6M *Led by* [Seedcamp](https://millionrounds.com/fund/seedcamp)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- **3** Nov **[e2e](https://millionrounds.com/company/e2e)** Seed · $8M *With* [Guillermo Rauch](https://millionrounds.com/fund/guillermo-rauch)
- **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *Led by* [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures)

## Stages This Year

911 rounds

- Seed **20%**
- Series A **16%**
- Series B **13%**
- Venture **11%**
- Pre-seed **11%**
- Other **29%**

## What They Backed

Sectors, last 12 months

- AI **515**
- Fintech **61**
- Healthcare **52**
- Biotech **46**
- Big Data & Analytics **45**
- Software **44**

## Cheques by Quarter

Led Joined

260 Q1 25

270 Q2 25

268 Q3 25

311 Q4 25

290 Q1 26

252 Q2 26

259 Q3 26

92 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 developer tools and open source

- Dreaming in Code: Two Dozen Programmers, Three Years, 4,732 Bugs, and One Quest for Transcendent Software Scott Rosenberg · 2007 3.71 from 3,101 ratings on Goodreads Developer tools and open source About the book Their story takes us through a maze of dead ends and exhilarating breakthroughs as they and their colleagues wrestle not only with the abstraction of code but with the unpredictability of human behavior, especially their own. Along the way, we encounter black holes, turtles,… On AmazonListen on Audible
- Implementing Domain-Driven Design Vernon Vaughn · 2013 4.05 from 1,292 ratings on Goodreads Developer tools and open source About the book “For software developers of all experience levels looking to improve their results, and design and implement domain-driven enterprise applications consistently with the best current state of professional practice, Implementing Domain-Driven Design will impart a treasure trove of… On AmazonListen on Audible
- Practices of an Agile Developer Venkat Subramaniam · 2006 3.88 from 1,001 ratings on Goodreads Developer tools and open source About the book Want to be a better developer? This books collects the personal habits, ideas, and approaches of successful agile software developers and presents them in a series of short, easy-to-digest tips. This isn't academic fluff; follow these ideas and you'll show yourself, your… On AmazonListen on Audible
- Developer Hegemony: The Future of Labor Erik Dietrich · 2017 4.02 from 475 ratings on Goodreads Developer tools and open source About the book It’s been said that software is eating the planet. The modern economy, the world itself, relies on technology. Demand for the people who can produce it far outweighs the supply. So why do developers occupy largely subordinate roles in the corporate structure? Developer Hegemony… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about developer Tools investors in the Nordics

### Who are the most active developer Tools investors in the Nordics?

By cheques observed, the most active are Accel, Khosla Ventures, Menlo Ventures, Antler and Salesforce Ventures.

### How many developer Tools investors in the Nordics are there?

34 are on record. 100% made an investment in the last 12 months and 56% have led a round.

### Which stages do developer Tools investors in the Nordics back?

Of the rounds with a named stage in the last 12 months, mostly Seed (25%) and Series A (20%).

### How big are the rounds developer Tools investors in the Nordics join?

The typical (median) round among the leading investors here is $20M.

### Which sectors do developer Tools investors in the Nordics back most?

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

### Which developer Tools investors in the Nordics lead the most rounds?

Accel (103 led), Khosla Ventures (57 led) and Menlo Ventures (39 led).

### Where are developer Tools investors in the Nordics based?

Among the most active, most are based in the United States (8), the United Kingdom (5) and Germany (2).

### What have developer Tools investors in the Nordics invested in recently?

Recent rounds include Thinking Machines Lab (Other, Nov 2026, with Accel), T-Therapeutics (Series B, Nov 2026, with Tengxun Touzi) and Granit (Seed, Nov 2026, with Seedcamp).

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