# Growth investors in the Nordics (2026 list)

> 96 growth investors in the Nordics, 89% active in the last 12 months. Led by Y Combinator, Andreessen Horowitz, Alumni Ventures. Ranked by what they funded.

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

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

# Growth investors in the Nordics

Updated 7 November 2026

Firms we have watched take part in a growth round raised by a company in the Nordics in the last two years, wherever the firm is based.

[See all 96 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fgrowth-investors-in-nordics)The top 25

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

**3,975** cheques in 12 months *-1%* against the market

**$30M** median round they joined *+273%* against the market median

**89%** wrote a cheque in 12 months

**66%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen
- 2 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen
- 3 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,598** **$12M** median round **Nov 2026** last seen
- 4 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen
- 5 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,341** **$32M** median round **Nov 2026** last seen
- 6 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen
- 7 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,038** **$30M** median round **Nov 2026** last seen
- 8 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 9 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen
- 10 [Redpoint](https://millionrounds.com/fund/redpoint) *Deploying now* VC firm · United States **742** **$32M** median round **Nov 2026** last seen
- 11 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) *Deploying now* VC firm · United States **740** **$37M** median round **Oct 2026** last seen
- 12 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen
- 13 [Benchmark](https://millionrounds.com/fund/benchmark) *Deploying now* VC firm · United States **587** **$30M** median round **Oct 2026** last seen
- 14 [Citibank](https://millionrounds.com/fund/citi) *Deploying now* Growth equity · United States **566** **$20M** median round **Oct 2026** last seen
- 15 [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) *Deploying now* VC firm · United States **526** **$4.1M** median round **Sept 2026** last seen
- 16 [Temasek Holdings](https://millionrounds.com/fund/temasek) *Deploying now* VC firm · Singapore **384** **$100M** median round **Oct 2026** last seen
- 17 [Draper Associates](https://millionrounds.com/fund/draper-associates) *Deploying now* VC firm · United States **370** **$6M** median round **Nov 2026** last seen
- 18 [Fidelity](https://millionrounds.com/fund/fidelity) *Deploying now* VC firm · United States **360** **$119M** median round **Nov 2026** last seen
- 19 [Seed Capital](https://millionrounds.com/fund/seed-capital) *Deploying now* VC firm · Denmark **347** **$4M** median round **Sept 2026** last seen
- 20 [FirstMark](https://millionrounds.com/fund/firstmark) *Deploying now* VC firm · United States **319** **$20M** median round **Oct 2026** last seen
- 21 [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) *Deploying now* VC firm · United States **305** **$7.5M** median round **Oct 2026** last seen
- 22 [BlackRock](https://millionrounds.com/fund/blackrock) *Deploying now* Asset manager · United States **296** **$130M** median round **Nov 2026** last seen
- 23 [IVC](https://millionrounds.com/fund/ivc) *Deploying now* VC firm · Taiwan **282** **$3.3M** median round **Sept 2026** last seen
- 24 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen
- 25 [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) *Deploying now* VC firm · France **256** **$17M** median round **Oct 2026** last seen

**71 more on this list**

All 96 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%2Fgrowth-investors-in-nordics)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Vensum Power](https://millionrounds.com/company/vensum-power)** Series A · $10M *Led by* [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures)
- **6** Nov **[Thinking Machines Lab](https://millionrounds.com/company/thinking-machines-lab)** Other · $5B *Led by* [Accel](https://millionrounds.com/fund/accel)
- **6** Nov **[Harbinger](https://millionrounds.com/company/harbinger)** Series D+ · $240M *With* [Fidelity](https://millionrounds.com/fund/fidelity)
- **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **5** Nov **[CesiumAstro](https://millionrounds.com/company/cesiumastro)** Series D+ · $730M *With* [Sands Capital Management](https://millionrounds.com/fund/sands-capital)

## Stages This Year

3,080 rounds

- Venture **21%**
- Seed **16%**
- Series A **15%**
- Pre-seed **10%**
- Series B **8%**
- Other **29%**

## What They Backed

Sectors, last 12 months

- AI **1,365**
- Biotech **199**
- Fintech **197**
- Big Data & Analytics **173**
- Healthcare **172**
- Aerospace & Space **124**

## Cheques by Quarter

Led Joined

978 Q1 25

993 Q2 25

1,166 Q3 25

1,260 Q4 25

1,213 Q1 26

1,103 Q2 26

903 Q3 26

253 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Series A investors in North America 2,451](https://millionrounds.com/lists/series-a-investors-in-north-america)
- [Seed investors in North America 2,422](https://millionrounds.com/lists/seed-investors-in-north-america)
- [Seed investors in Europe 1,730](https://millionrounds.com/lists/seed-investors-in-europe)
- [Series B investors in North America 1,704](https://millionrounds.com/lists/series-b-investors-in-north-america)
- [Series A investors in Europe 1,419](https://millionrounds.com/lists/series-a-investors-in-europe)
- [Growth investors in North America 1,382](https://millionrounds.com/lists/growth-investors-in-north-america)
- [Series C investors in North America 1,011](https://millionrounds.com/lists/series-c-investors-in-north-america)
- [Pre-seed investors in North America 877](https://millionrounds.com/lists/pre-seed-investors-in-north-america)
- [Series B investors in Europe 871](https://millionrounds.com/lists/series-b-investors-in-europe)

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

## Reading for founders at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about growth investors in the Nordics

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

By cheques observed, the most active are Y Combinator, Andreessen Horowitz, Alumni Ventures, General Catalyst and Accel.

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

96 are on record. 89% made an investment in the last 12 months and 66% have led a round.

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

Of the rounds with a named stage in the last 12 months, mostly Seed (22%) and Series A (21%).

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

The typical (median) round among the leading investors here is $26M.

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

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

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

Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led).

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

Among the most active, most are based in the United States (19), France (2) and European Union (1).

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

Recent rounds include Vensum Power (Series A, Nov 2026, with Lifeline Ventures), Thinking Machines Lab (Other, Nov 2026, with Accel) and Harbinger (Series D+, Nov 2026, with Fidelity).

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