# Regtech investors in the Nordics (2026 list) > 28 regtech investors in the Nordics, 96% active in the last 12 months. Led by Y Combinator, New Enterprise Associates, Plug and Play. Source: https://millionrounds.com/lists/regtech-investors-in-nordics (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Regtech investors in the Nordics Updated 7 November 2026 Firms observed backing a regtech company in the Nordics in the last two years, wherever the firm is based. [See all 28 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fregtech-investors-in-nordics)The top 25 **28** investors on the list No change this week **1,928** cheques in 12 months *-9%* against the market **$12M** median round they joined *+48%* against the market median **96%** wrote a cheque in 12 months **71%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (24) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) *Deploying now* VC firm · United States **1,610** **$34M** median round **Oct 2026** last seen - 3 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** 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 [SV Angel](https://millionrounds.com/fund/sv-angel) *Deploying now* VC firm · United States **1,349** **$18M** median round **Oct 2026** last seen - 6 [Seedcamp](https://millionrounds.com/fund/seedcamp) *Deploying now* VC firm · United Kingdom **519** **$5M** median round **Nov 2026** last seen - 7 [Northzone](https://millionrounds.com/fund/northzone) *Deploying now* VC firm · United Kingdom **240** **$22M** median round **Oct 2026** last seen - 8 [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) *Deploying now* VC firm · Germany **179** **$13M** median round **Oct 2026** last seen - 9 [Lifeline Ventures](https://millionrounds.com/fund/lifeline-ventures) *Deploying now* VC firm · Finland **141** **$5.7M** median round **Nov 2026** last seen - 10 [Fin Capital](https://millionrounds.com/fund/fin-capital) *Deploying now* Private equity · United States **120** **$15M** median round **Sept 2026** last seen - 11 [CIBC](https://millionrounds.com/fund/cibc) *Deploying now* VC firm · Canada **117** **$26M** median round **Oct 2026** last seen - 12 [Acton Capital](https://millionrounds.com/fund/acton-capital) *Deploying now* VC firm · Germany **101** **$14M** median round **Jul 2026** last seen - 13 [Unusual Ventures](https://millionrounds.com/fund/unusual-ventures) *Deploying now* VC firm · United States **92** **$10M** median round **Oct 2026** last seen - 14 [PSV](https://millionrounds.com/fund/psv) *Deploying now* Venture studio · Denmark **84** **$2.5M** median round **Oct 2026** last seen - 15 [Founders Future](https://millionrounds.com/fund/founders-future) *Deploying now* Accelerator · France **82** **$6.3M** median round **Oct 2026** last seen - 16 [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) *Deploying now* VC firm **70** **$15M** median round **Sept 2026** last seen - 17 [Spintop Ventures](https://millionrounds.com/fund/spintop-ventures) *Deploying now* VC firm · Sweden **50** **$2.6M** median round **Oct 2026** last seen - 18 [Alliance VC](https://millionrounds.com/fund/alliance-vc) *Deploying now* VC firm · Norway **43** **$6.9M** median round **Sept 2026** last seen - 19 [Norrsken Evolve](https://millionrounds.com/fund/norrsken-evolve) *Deploying now* VC firm · Sweden **40** **$1.9M** median round **Oct 2026** last seen - 20 [Alstin Capital](https://millionrounds.com/fund/alstin-capital) *Deploying now* VC firm · Germany **16** **$14M** median round **Oct 2026** last seen - 21 [EIFO (Denmark)](https://millionrounds.com/fund/eifo) *Deploying now* Government · Denmark **13** **$16M** median round **Oct 2026** last seen - 22 [BlackFin Capital Partners](https://millionrounds.com/fund/blackfin-capital-partners-2) *Deploying now* Private equity · France **6** **$30M** median round **Sept 2026** last seen - 23 [West Hill Capital](https://millionrounds.com/fund/west-hill-capital) quiet Private equity · United Kingdom **6** **$11M** median round **Oct 2025** last seen - 24 [PSV Tech](https://millionrounds.com/fund/psv-tech) *Deploying now* VC firm **4** **$13M** median round **Oct 2026** last seen - 25 [Ugly Duckling Ventures](https://millionrounds.com/fund/ugly-duckling-ventures) *Deploying now* VC firm · Denmark **3** **$5.8M** median round **Sept 2026** last seen **3 more on this list** All 28 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%2Fregtech-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) - **5** Nov **[Granit](https://millionrounds.com/company/granit)** Seed · $6M *Led by* [Seedcamp](https://millionrounds.com/fund/seedcamp) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst) - **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **2** Nov **[Hypersonica](https://millionrounds.com/company/hypersonica)** Series B · $112M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst) ## Stages This Year 1,758 rounds - Venture **23%** - Seed **18%** - Pre-seed **18%** - Series A **16%** - Series B **7%** - Other **18%** ## What They Backed Sectors, last 12 months - AI **934** - Fintech **122** - Big Data & Analytics **103** - Healthcare **96** - Biotech **69** - Financial Services **69** ## Cheques by Quarter Led Joined 531 Q1 25 557 Q2 25 620 Q3 25 612 Q4 25 579 Q1 26 576 Q2 26 415 Q3 26 103 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 regtech investors in the Nordics ### Who are the most active regtech investors in the Nordics? By cheques observed, the most active are Y Combinator, New Enterprise Associates, Plug and Play, General Catalyst and SV Angel. ### How many regtech investors in the Nordics are there? 28 are on record. 96% made an investment in the last 12 months and 71% have led a round. ### Which stages do regtech investors in the Nordics back? Of the rounds with a named stage in the last 12 months, mostly Seed (25%) and Pre-seed (24%). ### How big are the rounds regtech investors in the Nordics join? The typical (median) round among the leading investors here is $13M. ### Which sectors do regtech investors in the Nordics back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which regtech investors in the Nordics lead the most rounds? General Catalyst (97 led), New Enterprise Associates (73 led) and Y Combinator (11 led). ### Where are regtech investors in the Nordics based? Among the most active, most are based in the United States (7), the United Kingdom (3) and Germany (3). ### What have regtech investors in the Nordics invested in recently? Recent rounds include Vensum Power (Series A, Nov 2026, with Lifeline Ventures), Granit (Seed, Nov 2026, with Seedcamp) and Lazarus AI (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)