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Nordic Makers

Europe, Stockholms Lan, Sweden, Stockholm

Description

Nordic Makers is a distinctive investment collective based in Stockholm, Sweden, comprising a network of experienced founders and operators who invest their personal capital and time into ambitious early-stage companies. Unlike traditional venture capital funds, Nordic Makers operates as a group of individual investors, often referring to their commitment as investing their “children’s money,” underscoring a long-term, personal stake in the success of their portfolio companies. This unique structure allows them to be highly founder-friendly, leveraging their collective operational expertise to support startups beyond mere financial injection.

Their investment strategy is primarily focused on pre-seed and seed-stage rounds, targeting companies that are still in their nascent phases. Nordic Makers typically writes first checks ranging from $100,000 to $500,000, providing crucial early capital that can help founders validate their ideas and achieve initial traction. While they maintain a sector-agnostic approach, they have shown a particular affinity for SaaS, marketplace, and consumer tech businesses. Although based in Stockholm, their investment scope extends globally, with a strong emphasis on nurturing the vibrant startup ecosystem within the Nordic region.

Since its inception in 2016, Nordic Makers has built an impressive portfolio, having made over 60 investments in promising startups. Their portfolio includes well-known Nordic success stories such as Mentimeter, Fishbrain, Detectify, and Truecaller, demonstrating their ability to identify and back companies with significant growth potential. The value proposition of Nordic Makers extends beyond capital, as their members actively engage with founders, offering mentorship, strategic guidance, and access to their extensive networks, thereby acting as true partners in the entrepreneurial journey.

Investor Profile

Nordic Makers has backed more than 39 startups, with 2 new investments in the last 12 months alone. The firm has led 9 rounds, about 23% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Denmark, United States, Finland.
  • Strong thematic focus on Software, Education, Information Technology.
  • Led 1 rounds in the past year.
  • Typical check size: $100K – $500K.

Stage Focus

  • Seed (56%)
  • Series A (15%)
  • Pre Seed (15%)
  • Series B (5%)
  • Convertible Note (5%)
  • Series Unknown (3%)

Country Focus

  • Denmark (31%)
  • United States (15%)
  • Finland (13%)
  • Sweden (10%)
  • United Kingdom (10%)
  • Norway (8%)
  • Germany (5%)
  • Spain (3%)
  • France (3%)
  • Poland (3%)

Industry Focus

  • Software
  • Education
  • Information Technology
  • Artificial Intelligence (Ai)
  • E-learning
  • Saas
  • Edtech
  • Fintech
  • Internet Of Things
  • Computer
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Nordic Makers frequently co-invest with?

HAX
North America, California, United States, San Francisco
Co-Investments: 2
Karma Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 2
DN Capital
North America, California, United States, Menlo Park
Co-Investments: 2
Emerge Education
Europe, England, United Kingdom, London
Co-Investments: 3
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 2
The Nordic Web Ventures
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 2
Project A Ventures
Europe, Berlin, Germany, Berlin
Co-Investments: 2
Heartcore Capital
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 3
byFounders
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 2
Inventures
Europe, Bayern, Germany, Munich
Co-Investments: 2

Which angels does Nordic Makers often collaborate with?

SA
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2
TM
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
KZ
North America, Illinois, United States, Chicago
Shared Deals: 1
JK
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
JY
North America, California, United States, San Francisco
Shared Deals: 2
HJ
Europe, Skane Lan, Sweden, Malmö
Shared Deals: 3
CJ
Europe, England, United Kingdom, London
Shared Deals: 3
CL
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 1
KN
Europe, Hovedstaden, Denmark, Copenhagen
Shared Deals: 2
DH
Europe, Gullbringusysla, Iceland, Reykjavík
Shared Deals: 4

What are some of recent deals done by Nordic Makers?

AirDodge AS

Oslo, Oslo, Norway

AirDodge provides U-Space and UTM services for drones ensuring safety, compliance, and minimization of carbon emissions.

AerospaceDrone ManagementDronesInternet of ThingsRobotics
Pre SeedJan 27, 2025
Amount Raised: $500,000
Munchfam

Helsinki, Southern Finland, Finland

Munchfam empowers restaurants through innovation.

Food and BeverageMarketplaceRestaurantsSaaSSoftware
SeedOct 10, 2024
Amount Raised: $656,016
Pluto.markets

Copenhagen, Hovedstaden, Denmark

Next-Gen Investing for 100m Underserved Europeans

AppsFinancial ServicesFinTechTrading PlatformWealth Management
SeedFeb 7, 2024
Amount Raised: $2,600,000
Hyme Energy

Copenhagen, Hovedstaden, Denmark

Thermal energy storage

Energy StorageRenewable Energy
Series UnknownDec 1, 2023
Amount Raised: $8,714,065
Tjommi

Copenhagen, Hovedstaden, Denmark

Tjommi is a B2C app helping customers get money back from price drops.

FinTech
Pre SeedMay 2, 2022
Amount Raised: $1,156,062
Cognigy

Düsseldorf, Nordrhein-Westfalen, Germany

Cognigy is an enterprise conversational AI platform designed to automate customer and employee support processes.

Artificial Intelligence (AI)ChatbotGenerative AIInformation TechnologyIT InfrastructureIT ManagementSaaSSales AutomationSmall and Medium BusinessesSoftware
Series BJun 1, 2021
Amount Raised: $43,983,003
Munchfam

Helsinki, Southern Finland, Finland

Munchfam develops virtual brands that restaurants can sell online and the supporting supply chain.

Food and BeverageRestaurants
SeedMay 1, 2021
Amount Raised: $734,419
CluedIn

Copenhagen, Hovedstaden, Denmark

CluedIn breaks down information silos in your organisation and solves the problem of not being able to utilize all the knowledge you have.

Data IntegrationInformation TechnologySoftware
Series AApr 22, 2021
Amount Raised: $15,000,000
Panion

Malmö, Skane Lan, Sweden

Panion is a community engagement platform that encourages meaningful connection through shared interests, values, and experiences.

CommunitiesMobile AppsSocial ImpactSocial NetworkSoftware
Pre SeedNov 15, 2020
Cooler Future

Helsinki, Southern Finland, Finland

Cooler Future is a fintech startup developing transparent and effective impact investment solutions for the climate-conscious generation.

Financial ServicesFinTechImpact InvestingWealth Management
SeedOct 30, 2020
Amount Raised: $1,634,559