# Insurtech investors in the Nordics (2026 list) > 39 insurtech investors in the Nordics, 64% active in the last 12 months. Led by Y Combinator, Plug and Play, Antler. Ranked by what they funded. Source: https://millionrounds.com/lists/insurtech-investors-in-nordics (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Insurtech investors in the Nordics Updated 7 November 2026 Firms observed backing an insurtech company in the Nordics in the last two years, wherever the firm is based. [See all 39 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finsurtech-investors-in-nordics)The top 25 **39** investors on the list No change this week **1,492** cheques in 12 months *-13%* against the market **$2.5M** median round they joined *-69%* against the market median **64%** wrote a cheque in 12 months **26%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (19) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 3 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **729** **$1M** median round **Nov 2026** last seen - 4 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen - 5 [Rebel Fund](https://millionrounds.com/fund/rebel-fund) *Deploying now* VC firm · United States **201** **$2.4M** median round **Oct 2026** last seen - 6 [Inventure](https://millionrounds.com/fund/inventure) *Deploying now* VC firm · Finland **130** **$5.9M** median round **Nov 2026** last seen - 7 [HTGF High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) *Deploying now* VC firm · Germany **94** **$7M** median round **Nov 2026** last seen - 8 [10x Founders](https://millionrounds.com/fund/10x-founders) *Deploying now* VC firm · Germany **56** **$6.7M** median round **Sept 2026** last seen - 9 [Startuplab](https://millionrounds.com/fund/startuplab) *Deploying now* Accelerator · Norway **53** **$1.1M** median round **Aug 2026** last seen - 10 [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) *Deploying now* VC firm · Sweden **50** **$2.6M** median round **Oct 2026** last seen - 11 [Pale blue dot](https://millionrounds.com/fund/pale-blue-dot) *Deploying now* VC firm · Sweden **37** **$4.3M** median round **Jul 2026** last seen - 12 [Insurtech Gateway](https://millionrounds.com/fund/insurtech-gateway) *Deploying now* VC firm · United Kingdom **5** **$3.1M** median round **Oct 2026** last seen - 13 [seedX](https://millionrounds.com/fund/seedx) *Deploying now* VC firm · India **5** **$3.7M** median round **Oct 2026** last seen - 14 [Mattias Miksche](https://millionrounds.com/fund/mattias-miksche) *Deploying now* Angel **3** **$2.4M** median round **Aug 2026** last seen - 15 [Daniel Feyler](https://millionrounds.com/fund/daniel-feyler) quiet VC firm · Germany **2** **$2.4M** median round **May 2025** last seen - 16 [Further Than Capital](https://millionrounds.com/fund/further-than-capital) *Deploying now* VC firm · Sweden **2** **$7.5M** median round **Sept 2026** last seen - 17 [Wave Ventures](https://millionrounds.com/fund/wave-ventures) *Deploying now* VC firm · Finland **2** **$3.4M** median round **Sept 2026** last seen - 18 [Caroline Farberger](https://millionrounds.com/fund/caroline-farberger) *Deploying now* VC firm **1** **$2.5M** median round **Aug 2026** last seen - 19 [Lucid Capital](https://millionrounds.com/fund/lucid-capital) *Deploying now* VC firm **1** **$3.1M** median round **Oct 2026** last seen - 20 [Alexandros Bottenbruch](https://millionrounds.com/fund/alexandros-bottenbruch) quiet Angel **1** **$1.1M** median round **May 2025** last seen - 21 [Asbjørn Holmlund](https://millionrounds.com/fund/asbj-rn-holmlund) quiet VC firm **1** **$1.1M** median round **May 2025** last seen - 22 [Bastian Kunkel](https://millionrounds.com/fund/bastian-kunkel) quiet VC firm **1** **$1.1M** median round **May 2025** last seen - 23 [Daniel Glaremin](https://millionrounds.com/fund/daniel-glaremin) quiet VC firm **1** **$1.1M** median round **May 2025** last seen - 24 [Daniel v. Devivere](https://millionrounds.com/fund/daniel-v-devivere) quiet VC firm **1** **$1.1M** median round **May 2025** last seen - 25 [Emil Lagerstedt-Karlsson](https://millionrounds.com/fund/emil-lagerstedt-karlsson) *Deploying now* VC firm **1** **$2.5M** median round **Aug 2026** last seen **14 more on this list** All 39 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%2Finsurtech-investors-in-nordics) ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Biograil](https://millionrounds.com/company/biograil)** Other · $23M *With* [HTGF High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **2** Nov **[Roleo](https://millionrounds.com/company/roleo)** Seed · $3.3M *With* [Inventure](https://millionrounds.com/fund/inventure) - **2** Nov **[Dispatch Network](https://millionrounds.com/company/dispatch-network)** Pre-seed · $527K *Led by* [Antler](https://millionrounds.com/fund/antler) - **2** Nov **[Sortrace](https://millionrounds.com/company/sortrace)** Seed · $800K *With* [Antler](https://millionrounds.com/fund/antler) ## Stages This Year 1,377 rounds - Pre-seed **24%** - Venture **24%** - Seed **20%** - Series A **13%** - Series B **5%** - Other **13%** ## What They Backed Sectors, last 12 months - AI **737** - Fintech **87** - Big Data & Analytics **82** - Healthcare **57** - Financial Services **49** - Software **41** ## Cheques by Quarter Led Joined 450 Q1 25 439 Q2 25 513 Q3 25 480 Q4 25 445 Q1 26 443 Q2 26 307 Q3 26 66 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 fintech and financial services - Bank 4.0: Banking everywhere, never at a bank Brett King · 2018 4.07 from 622 ratings on Goodreads Fintech and financial services Company building About the book In the final book in the digital 'BANK'; series, Brett King tackles the topic of whether banks have a future at all in the emerging, technology embedded world of the 21st century. In 30-50 years when cash is gone, cards are gone and all vestiges of the traditional banking system… On AmazonListen on Audible - Why Aren't They Shouting?: A Banker's Tale of Change, Computers and Perpetual Crisis Kevin Rodgers · 2016 4.26 from 222 ratings on Goodreads Fintech and financial services Company building About the book When Kevin Rodgers embarked on his career in finance, dealing rooms were seething with clamouring traders and gesticulating salesmen. Nearly three decades later, the feverish bustle has gone and the loudest noise you’re likely to hear is the gentle tapping of keyboards. Why… On AmazonListen on Audible - The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time [Jim McKelvey](https://millionrounds.com/person/jim-mckelvey) · 2020 4.22 from 1,839 ratings on Goodreads Fintech and financial services Innovation Company building About the book From the cofounder of Square, an inspiring and entertaining account of what it means to be a true entrepreneur and what it takes to build a resilient, world-changing company In 2009, a St. Louis glassblowing artist and recovering computer scientist named Jim McKelvey lost a… On AmazonListen on Audible - Service Design: From Insight to Implementation Andy Polaine · 2013 4.05 from 605 ratings on Goodreads Fintech and financial services Company building About the book We have unsatisfactory experiences when we use banks, buses, health services and insurance companies. They don't make us feel happier or richer. Why are they not designed as well as the products we love to use such as an Apple iPod or a BMW? The 'developed' world has moved… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=fintech). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about insurtech investors in the Nordics ### Who are the most active insurtech investors in the Nordics? By cheques observed, the most active are Y Combinator, Plug and Play, Antler, Balderton Capital and Rebel Fund. ### How many insurtech investors in the Nordics are there? 39 are on record. 64% made an investment in the last 12 months and 26% have led a round. ### Which stages do insurtech investors in the Nordics back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (34%) and Seed (28%). ### How big are the rounds insurtech investors in the Nordics join? The typical (median) round among the leading investors here is $2.6M. ### Which sectors do insurtech investors in the Nordics back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which insurtech investors in the Nordics lead the most rounds? Balderton Capital (22 led), Y Combinator (11 led) and HTGF High-Tech Gründerfonds (10 led). ### Where are insurtech investors in the Nordics based? Among the most active, most are based in the United States (3), the United Kingdom (3) and Germany (3). ### What have insurtech investors in the Nordics invested in recently? Recent rounds include Biograil (Other, Nov 2026, with HTGF High-Tech Gründerfonds), Lazarus AI (Nov 2026, with Plug and Play) and Carryt (Nov 2026, with Plug and Play). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)