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1、LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONTILES WITH SHADOWALIGN HERE TEXT BOXESUSE THESE FOR ANY TEXT BOXBUTTONSALIGN HEREPALETTESALIGN HERE TILES/POINTERSALIGN HERE with Data fromNordic Startup Employ

2、ment2023September 2023FINTECHIMPACTMRKTPLCSFOODTECHDEALROOMSIGNALTitle H1SubtitleParagraphValuesCaptionCall to actionCall to actionTitle AdsCover TtlQuoteWit titleNNNNDESIGN CONTENTDESIGN CONTENTDESIGN CONTENTPage/2 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2E

3、XTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION“Foreword byKlavs HjortSVP at Danske GrowthDESIGN CONTENT In the dynamic landscape of the Nordic startup ecosystem,where innovation and entrepreneurship intertwine,the year 2022 stands as a pivotal moment of introspection and adaptation.As we r

4、eflect on the developments that unfolded in a rapidly evolving socio-economic context,we are pleased to present the Nordic Startup Employment Report 2023,co-authored by Dealroom and Danske Bank Growth.As our report about 2021 showed rather fertile ground for the start-up economy to bloom,2022 appear

5、ed as a contrasting year-not without challenges with the global economy grappling the aftermath of unprecedented disruptions.The tech industry,known for its resilience,was not immune to the waves of change.Although job openings have started strong in January 2022,our analysis shows that the number o

6、f vacancies opened in the first half of 2022 has dropped-28%compared to the same period in 2021.Adding the echoes of massive layoffs as they reverberated through the corridors of innovation,left us with questions about the strength of the start-up landscape in the face of adversity.At the heart of t

7、his report lies a fundamental inquiry:how did the shifts of 2022 influence the distribution of venture capital and,consequently,the trajectory of start-up employment in the Nordics?We embarked on this journey with a dual purpose to comprehend the intricate interplay between economic context and job

8、creation within the ecosystem.Through our data analysis,we aimed to unravel the story of resilience and evolution that emerged,among the others in two illuminating findings:Firstly,intrinsic to the resilience of the ecosystem,a striking 80%of Nordic startup jobs were created by companies with up to

9、500 employees.That translates to 89 thousand jobscreated by startups and 125 thousand by scale ups.Secondly,its important to notice that early-stage investments served as a lifeline to job growth as they fuelled ventures responsible for most job creation.The shift in funding was a significant enable

10、r for early-stage ventures emerging as signifiers of job growth,offsetting the landscape of layoffs.As you dive into this report,you will discover job creations geographical and sectoral epicentres,spotlighting the pioneers who breathed life into innovative ventures and provided fertile ground for e

11、conomic growth.With the Nordic Startup Employment Report 2023,we thank the entrepreneurs and investors,who collaborated to paint a vivid picture of transformation in uncertainty.In the following pages,you will discover a comprehensive exploration of what shaped the Nordic startup jobs landscape in 2

12、022.We hope this report serves as a source of insight and inspiration,propelling us toward a future where innovation and job creation flourish,guided by the lessons learned from the challenges of today.”DESIGN CONTENTDESIGN CONTENTPage/3 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN

13、 CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPlaceholder textTable of contentsDealroom.coCo-authors:Louis Geoffroy-TerrynEcosystem Research Leadat Dealroom.co1.State of startups and VC in the Nordics2.Job creation in the Nordic ecosystem 3.Startup jobs by sect

14、orMethodology&DisclaimersDESIGN CONTENTMikkel Skott OlsenPositionat Danske BankMaria GrabowskaPositionat Danske BankMikkel Skott OlsenDanske Bank GrowthAlex HamiltonEcosystem Innovation Analyst at Dealroom.coLouis Geoffroy-TerrynEcosystem Research Lead at Dealroom.coDESIGN CONTENTMaria GrabowskaDans

15、ke Bank GrowthPage/4 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Early-stage investment provides a lifeline to job growth in the startup sector,in spite of layoffs.Pre-Seed to Series A rounds into

16、Nordic startups average$1.6B in volume per quarter for the past 3 years.Since most new jobs are created by young growth startups,the dynamism of early-stage funding and its impact on the ability of the younger generation of startups to hire,has largely compensated for the loss of jobs at household n

17、ames in the industry over the past year.1 in 7 startup jobs in the Nordics are at impact startups.With 28K jobs created,Impact companies account for 14%of all startup jobs in the Nordics,up from 10%last year.More impact startups are founded.Many of them also grow faster-energy and climate tech is no

18、w the top funded segment in the Nordics.Impact startups also attract more applicants for open vacancies.28k30k21k18.4k16.3kWhat are the three key takeaways?40302010CEEDACHEuropeExcl CEENordicsChart 2Dealroom.coChart 3Transportation1.6BFoodFintechEnterprise SoftwareSecurityValue Invested880M 764M337M

19、 332MDESIGN CONTENTNordic startups support over 340K jobs globally,193K of which spread across 250+cities in all five nordic nations.80%of jobs at Nordic startups are at startups(50 employees)and scaleups(50-500).This has so far shielded the Nordic ecosystem from widespread loss of opportunities tha

20、t have more greatly affected large late-stage tech“grown-ups”and unicorn employers.Jobs created by the five biggest startups by headcount in each Nordic country.VC investment($0-$100M)in Nordic startupsNumber of Nordic based jobs by startup verticalSwedenDenmarkFinlandNorwayIceland7%5%4%4%2%Q1 2021Q

21、1 2023Q1 2022$2B$1B$1.6B$1.3B$1.4B$1.7BHealthFintechImpactEnergy(excl.Climate Tech)Enterprise Software170K local jobscreated by over 8K Nordic startups5%Jobs created by the 5 biggest startups in each nordic country.Page/5 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GR

22、APH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION1.State of startups and VC in the NordicsDESIGN CONTENTPage/6 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.co.The above chart i

23、ncludes over 7k funding rounds since 2018 into startups headquartered in the Nordics as well as those companies founded in the Nordics which have relocated elsewhere since.10-50M50+M22companies21companies$3.4B was invested into Nordic startups in the first half of 2023.DESIGN CONTENTVC investment in

24、 Nordic startups view online$17.9B$20B$15B$5B$10B$5.8B$7.1B$4.2B 20182019202020212022H1 2023*3.8B$6.8B+$11.9B 1,000+Nordic startups raised in 2023 so far View more annualized projection based on VC activity in H1-2023Page/7 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACIN

25、GYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Rest of Europe view online Nordics view online Rest of Europe view online Nordics view online At Early-stage,VC investment in the Nordics and Europe follows a similar trajectory.Late-stage investment volumes are down,but faring b

26、etter in the Nordics than elsewhere in Europe.VC investment:$0-$15M roundsVC investment:$40M+roundsH12020H12021H12022H12023$1.5B$1B$500M$40B$30B$20B$10BH12020H12021H12022H12023$8B$6B$4B$2BDealroom.coThe above data showcases funding rounds into startups headquartered in both the Nordic countries and

27、the Rest of Europe respectively.Nordics has been excluded from the Rest of Europe values to remove double counting.Visit the methodology slide for further information.H12020H12021H12022H12023$10B$5B$2.1B$1.5B$10.7B$8.4BModel of dataNordics2020H12020H22021H12021H22022H12022H22023H1Early Stage($0-$15M

28、)$808,344,304$885,832,666$1,265,540,864$1,269,318,898$1,404,007,395$951,190,683$1,131,727,316Late Stage($15M upwards)$1,196,251,099$3,641,712,857$10,166,878,876$3,376,648,472$4,240,585,556$4,830,424,655$2,727,181,994Europe2020H12020H22021H12021H22022H12022H22023H1Early Stage$6,180,479,121$6,429,889,

29、054$8,445,743,554$9,153,063,016$9,946,478,320$8,235,630,381$7,956,015,645Late Stage($15M upwards)$12,773,730,313$16,618,164,632$39,923,724,708$44,445,968,462$48,291,931,012$20,540,436,971$18,116,079,265$8.5B$3.4B$1.7B$35B$39B$13B-29%-22%-66%$2BDESIGN CONTENT-50%H12020H12021H12022H12023Page/8 Source:

30、LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONVenture Capital investment in the Nordics remains stable at Early(0-15M$)and Breakout(15-100M$)stages,but Megarounds($100M+)are now far and apart.30$100M+rounds

31、 were raised by Nordic startups in 2021 alone.There have been another 31+since January 2022,including 25$100M+in 2022 and just 7 so far in 2023.Dealroom.co The above chart includes over 6k funding rounds since 2018 into startups headquartered in the Nordics as well as those companies founded in the

32、Nordics which have relocated elsewhere since.10-50M50+M22companies21companiesDESIGN CONTENT$415m(series A)$14m(seed)$01m(pre-seed)VC investment into Nordic startups by stage view online$250m+$100250m$40100m(series C)$1540m(series B)GrowthBreakoutEarly$8B$6B$4B$2BQ22019Q22020Q22021Q22022Q22023$2.4B$1

33、.5B$1.9B$3.9B$2.8B$3.2B$2.6B$2.4B$7.6B$2.2BPage/9 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONAs larger rounds are becoming more rare,smaller startups once again capture the majority of VC activity

34、 in the Nordics.Nordic startups(i.e.50 employees)and scaleups(50-500 employees globally)have attracted the over 80%of VC investment in the region.10-50M50+M22companies21companiesDESIGN CONTENTStartup Less than 50 employeesVC investment into Nordic startups by current global headcount view onlineGrow

35、nup Over 500 employeesScaleup Between 50-500 employees$15B$10B$5B201820192020202120222023(H1)*$16.2B$11.9B$4.3BLabel countCategory2017201820192020202120222023Under 50 employeesStartups97000000012000000001200000000150000000028000000003200000000210000000050-500 employeesScaleups10000000001300000000150

36、00000002200000000520000000048000000001500000000Over 500 employeesGrownups923000000110000000028000000003200000000820000000039000000007160000002,893,000,0003,600,000,0005,500,000,0006,900,000,000 16,200,000,000 11,900,000,0004,316,000,000$6.9B$5.5BDealroom.co.Data for 2023 accurate up to 2023 H1.$3.6B

37、$716M$1.5B$2.1B16%34%48%Page/10 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDESIGN CONTENT100%80406020201820192020202120222023Country201820192020202120222023Sweden0.490.600.550.570.510.34Norway0.09

38、0.090.110.140.170.26Denmark0.180.130.120.160.130.21Finland0.200.160.190.120.160.16Iceland0.030.010.030.010.030.04VC investment in the Nordics is increasingly distributed.Between 2018 and 2022,Swedish startups attracted$23B of combined VC funding.On average this accounts for over 50%of the total volu

39、me of VC investment in the Nordics.However Swedens dominance is being increasingly challenged,owing in large part to a growing pool of VC-backed startups in other Nordic countries,especially in Norway and Denmark.In 2023 so far,only about a third of the total volume of VC investment in the Nordics w

40、ent to Swedish startups.Meanwhile Norway and Denmarks share of Nordic VC investment grew over two-fold.Dealroom.co.Distribution of VC investment across Nordic countries.Sweden Norway Denmark Finland Iceland$4.2B$5.8B$7.1B$17.9B$11.9B$4B4%50%9%18%20%60%9%13%16%55%11%12%19%57%14%16%12%51%17%13%16%34%2

41、6%21%16%3%Page/11 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Share of VC investment:$40M+rounds view online Share of VC investment:$0-$40M rounds view online Nordic startups capture 15%of Europes

42、early-stage funding,and 20%of late-stage funding.Dealroom.coThe above data showcases funding rounds into startups headquartered in both the Nordic countries and the Rest of Europe respectively.Nordics has been excluded from the Rest of Europe values to remove double counting.Visit the methodology sl

43、ide for further information.Model of dataNordics2020H12020H22021H12021H22022H12022H22023H1Early Stage($0-$15M)$808,344,304$885,832,666$1,265,540,864$1,269,318,898$1,404,007,395$951,190,683$1,131,727,316Late Stage($15M upwards)$1,196,251,099$3,641,712,857$10,166,878,876$3,376,648,472$4,240,585,556$4,

44、830,424,655$2,727,181,994Europe2020H12020H22021H12021H22022H12022H22023H1Early Stage$6,180,479,121$6,429,889,054$8,445,743,554$9,153,063,016$9,946,478,320$8,235,630,381$7,956,015,645Late Stage($15M upwards)$12,773,730,313$16,618,164,632$39,923,724,708$44,445,968,462$48,291,931,012$20,540,436,971$18,

45、116,079,265DESIGN CONTENT$21.4B$23.5B$24.4B$36.7B$38.1B$19.6BView online$14.4B$25.9B$84.4B$24.8B$61.5B$18.2BNordics Rest of Europe Nordics Rest of Europe Page/12 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATI

46、ON2.Job creation in the Nordic startup ecosystem.DESIGN CONTENTPage/13 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONScaleups support the most jobs in the Nordic ecosystem.Unicorns,in spite of their

47、notoriety,only provide about 10%of all opportunities in the Nordic startup ecosystem.But a thousand-strong group of Nordic scaleups,which are companies are on a high-growth trajectory,having typically raised significant funding to fuel their expansion and boasting a global team of 50 to 500,support

48、over 125K jobs.This is more than any other sub-category.Nordic startups,with teams of up to 50,support nearly 90K jobs globally.Many of these companies are future successes and add the most new jobs year-on-year,especially at a time where more established and larger companies have been downsizing.So

49、urce:Dealroom.co.*A unicorn is defined as a rapidly scaling company(and tech enabled)that has reached a$1 billion valuation,on the basis of a funding round(unrealised),acquisition or IPO(realised).Startups2-50 employees6.9K companiesScaleups51-500 employees1K companiesGrownups(excl.Unicorns)500+empl

50、oyees(100 companies)89K jobs(26%)125K jobs(42%)67K jobs(22%)58K jobs(10%)Unicorns77 companiesDESIGN CONTENTJobs supported by Nordic startups,by company size83K jobsFunded,not(yet)VC backed100K jobsVC-backed54%46%Total(including HQ companies,excludes relocated)Startup CountJob Count(global)Job Count(

51、local)Startups(up to 50 global employees)6.8k87.6K66.7KScaleups(51-500 global employees)1.0k123.0K76.1KGrownups(501+global employees)82115.5K40.0KSum-check7.9K326.2K182.8KModel in analysis herependingDESIGN CONTENTDESIGN CONTENTCategoryCompanyGrownupFrilans FinansGrownupSVEA SolarGrownupOdaGrownupPO

52、WERGrownup3ShapeGrownupInnofactorScaleupOX2ScaleupBetter Energy A/SScaleupapotea.seScaleupCleverScaleupDoktor.seScaleupGreen Hydrogen SystemsScaleupTibberScaleupICEYEDESIGN CONTENTPage/14 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRA

53、PH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Most startup jobs are created by a long tail of small startups.On average,5 biggest startups in terms of local employment only contribute 5%of all startup jobs in their respective home countries.List 1DESIGN CONTENTDealroom.co.Jobs created in selected countries,by

54、startups originating from each countries.CompanyCountryOdaNorwayCogniteNorwayRemarkableNorwaySbankenNorwayUnikieFinlandSievoFinlandCoripharmaIcelandDTEIcelandList 2cutDESIGN CONTENTNorway35k jobs(93%)created by 1.7K+norwegian startups locally.2.6k(7%)Jobs created by top 5 startupsFinland26k jobs(95%

55、)created by 1.3K+finnish startups locally.1.4k(5%)Jobs created by top 5 startupsDenmark38k jobs(94%)created by 1.5K+danish startups locally.3k(6%)Jobs created by top 5 startupsSweden76k jobs(96%)created by 3K+sweden startups locally.3.2k(4%)Jobs created by top 5 startupsIceland3k jobs(70%)created by

56、 220+icelandic startups locally.1k(30%)Jobs created by top 5 startupsDESIGN CONTENTDESIGN CONTENTPage/15 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION Dealroom.co.Most new opportunities in the Nordi

57、c ecosystem are created by young startups.Startups founded since 2013 support 155K jobs globally,87K(60%)of which are located in Nordic countries.These 5.7K-mainly early-stage-startups created 25K net new jobs,i.e.70%of all new jobs created over the past year.Startups founded over 10 years ago suppo

58、rt more jobs(192K globally),although just under a third are based in the Nordics.With many grownups and well established companies in their ranks,these startups create fewer new jobs:when factoring in recent redundancies,just 9K new jobs were created by this pool of companies globally.year2009-20131

59、.5K startups1990-20081.5k startups2014-20183.3K startupsSince 20191.5K startupsCohortsStartup countJob count(local)1990-20081,44671,8542009-20131,50332,6032014-20183,31062,2122019-20231,59815,96680K60K40K20K71K32K62K15KFounding YearNumber of startups15K10K5K201320231990Jobs by startup founding year(

60、local jobs,2023)Jobs at startups founded since 2013 Jobs at startups founded before 2013 Jobs created over the past yearDESIGN CONTENTPage/16 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Finland52K+

61、48K+FinlandNorway66K+Startups are creating jobs across the Nordics and beyond.182K340Kin Nordic countriesof which,jobs in home country10.3KOsloof which,jobs in other Nordic countries16K+47K+StockholmHelsinki-Espoooutside of Nordic countries147K16K+Copenhagen6.2K+Malm-Lund6.1K+Gothenburg2.7K+AarhusRe

62、ykjavk19K+2.3K+Top Nordic hubs by local startup jobs,2023Geographical distribution of jobs at Nordic startupsHubJob Count(local)Stockholm46.3kOslo19.1kCopenhagen16.3kHelsinki12.6kGteborgs6.1kEspoo4.3kMalm3.9kAarhus2.7kLund2.3kTampere2.3kHubJob Count(local)Stockholm46.3kOslo19.1kCopenhagen16.3kHelsin

63、ki-Espoo16.9kGteborgs6.1kMalm-Lund6.2kAarhus2.7kReykjavk2.3kTampere2.3k65K+69K+Denmark51K+FinlandSwedenNorway137K+IcelandDealroom.co.CountryTotal nr of companiesSweden3134Denmark1490Norway1670Finland1316Iceland222CountryTotal nr of companiesNr jobs in globalNr jobs in HQSweden313413214577668Denmark1

64、4905997235076Norway16705718637211Finland13164508525794Iceland222508233495K+DESIGN CONTENTTop Nordic hubs by local startup jobs,2023in Nordic countries193Kof which,jobs in home country183Kof which,jobs in other Nordic countries9.9Koutside of Nordic countries147KIceland5K+Sweden138K+Denmark77K+Page/17

65、 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONVC funding fuels job creation.Dealroom.co.Average team size(global)by total VC funding in Nordic startups,2023FundingAvg team size(local)Avg team size(g

66、lobal)No funding14281M11161-4M17254-15M264215M-40M569940-100M86170100M+272915To be updated -data up to date and correct on the left of the slideAverage team size by cumulative funding,Nordic startupsno disclosedfunding2501M15-40M 40-100M100M+17099422850025167501-4M4-15M1000915VC-backed or not:very d

67、ifferent growth trajectories1MFunding(seed+)Year 1Year 10Year 510 people after 10 years(avg.)16 people after 10 years(avg.)4MFunding(Series A+)45 people after 10 years(avg.)DESIGN CONTENTPage/18 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH T

68、ITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Founders in the Nordics often acquired a first experience in unicorns or corporates before turning to entrepreneurship.Promising Nordic startupsStartups founded in the last 10 years by former employees and executives of Nordic tech corporates,leading gaming

69、studios and unicorns,as well as former employees of former foreign unicorns with a presence in the Nordics.Explore moreNORDIC FLYWHEELWIPLocal corporates Explore moreR&D and tech-intensive corporates with global clout and renown expertise in their respective industries.Nordic unicorns Explore morete

70、ch companies founded since 1990 that are currently valued at over$1B,panies that may now be worth less than$1B,but exited at$1B+.1,000+Nordic founders who are Unicorn alumni Nordic gaming studios Explore moreNordic gaming studios,driven by a select group of industry trailblazers,have risen as global

71、 frontrunners.Theyve crafted hit titles,nurtured exceptional talent,and spurred entrepreneurial ventures,shaping the next chapter of their careers.Foreign tech&unicorns Explore moreThe Nordic region boasts affluent,tech-savvy consumers,attracting other European,American and Asian companies seeking e

72、xpansion.Its skilled workforce and thriving tech hubs make Nordic cities top choices for foreign firms entering the European market.Startup mafias fuelling a flywheel of successful startup employees-turned-founders.Dealroom.co and Accell identified 100 Nordic startups founded by former employees of

73、Nordic unicorns,which in turn have created 3.1K jobs across all five nordic countries.Read the report“Europe and Israels startup founder factories and the founder journey”.A report by Read moreDealroom.co.Promising startups list is non-exhaustive and based on disclosed work experience of one or more

74、 co-founder,and Dealroom Signal of the startup as of September 2023.Employees of large,R&D intensive Nordic corporates are also increasingly turning to entrepreneurship.Former employees of the likes of Nokia,Volvo or Novo Nordisk have created over 50 startups in the past 10 years.Similar stories eme

75、rge from employees of foreign tech companies and unicorns with a presence in Nordic countries,as well as former employees of renown Nordic gaming studios.DESIGN CONTENTPage/19 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONT

76、ENT/SOURCES/INSPIRATIONHalf of these startups were founded less than5 years ago.1B raised Since 201310B combined EVDealroom.co.*4.3K startups with known founder identity(53%of startups in this report),out of which 63%of founders profiles include educational background.Preliminary results on the basi

77、s of a sample of 8.3K founders,with 2.3K qualified profiles with disclosed and detailed educational background.30%of nordic startups have at one(co-)founder who studied abroad.2.8K jobs created52%in the Nordics80+startups founded by immigrant foundersSlide work in progressLink to analysisDenmark15%4

78、2%SwedenFinland10%Norway33%Geographical distribution within the NordicsDealroom research based on a set of 8.3K founders and co-founders of Nordic startups shows that 1 in 3 founder of a Nordic startup has obtained a degree from a University outside of the Nordics,before coming back to the region in

79、 order to found a startup.100+founders who moved to the Nordics to study at postgraduate level,stayed on to found 80+startups and create value in the region.Total funding(EUR)908,380,000Average Age6.0Average launch year2017MetricCountGLOBAL VALUE2,735HQ JOBSNORDICS EMP 20231,426Jobs by Nordics HQed

80、startups outside of HQ locations(Global-HQ jobs)1229Jobs by Nordics HQed startups(total)1506Jobs in other Nordic countries outside HQ Country80Average launch year of startups All Nordics startups Immigrant founded Nordic startupsOver 1B in VC funding raised by these startups in the last decade(2013-

81、2023)These startups are,on average,2 years younger than the average of the Nordics startups in this dataset.Health914FintechFood5eCommerce14Top startup industriesindustrycountFintech14Health14Food9Ecommerce5Education55EducationNorth America1327Western Europe excl.UKAsia8UK19Region of completion of f

82、ounder undergraduate degree6CEERegionCountWestern Europe27North America19Asia13UK8CEE6MENA4Latin America1Oceania026All other industriesCountryJob CountStartup count%Sweden5863142%Denmark5592433%Finland1951115%Norway86710%Iceland000%Selected startups(co-)foundedSyd dynamics,Bico,Kleen Hub,MycorenaArc

83、adia Efuels,Triumf Health,Swiftly,Pleo,Yousician,Anna,Finuprise,In-VirtualisWith this preliminary research based on 2.3K founders educational background*,Dealroom identified 80+startups founded by individuals who moved to the Nordics in order to study at postgraduate level,including Masters,MBA and

84、PhD,after having completed their undergraduate education in their country of origin,or in a third country outside of the Nordics.DESIGN CONTENTPage/20 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Jo

85、b creation by founder gender,2023for startups with disclosed founder gender*these 650 startups support 14%of jobs created by Nordic startups*Founder gender is disclosed for 3.6K startups,654 of which have at least 1(co)founder who is a woman,and 270 where no(co-)founder is a man.650+startups&scaleup

86、s(co-)founded by Women in the Nordics support 30K+jobs.600+Nordic startups with 1+(co-)founder who is a WomanView more Distribution of VC investment(2018-2023)for startups with disclosed founder gender*just 650 startups&scaleups(co-)founded by Women raised 3.6%of the combined volume of VC investment

87、 in the Nordics over the past five years,in startups with known founder gender.1.9B raised by Nordic startups&scaleups(co-)founded by women over the past 5 years.1.9B raised by startups with 1+cofounder who is a womanOut of 50.7=3.7%9.5 unknown gender=5%of funding raised by startups with known found

88、er genderFunding of all startups with known founder gender last 5 years=41.3Proportion of funding of startups with known founder gender-9.41%Unknown employees 141Known gender 2065K jobs are generated for every 1BVC-backed or not:very different growth trajectories1MFunding(seed+)Year 1Year 10Year 510

89、 people after 10 years(avg.)16 people after 10 years(avg.)these 650 startups support 14%of jobs created by Nordic startups*30K Jobs at Women-led Nordic startups,incl.15K in the Nordics.4%96%Domestic Sources3.6%VC investment raised by Women-ledstartups in the Nordics 14%Jobs supported by Women-led No

90、rdic startupsHalf of thesestartups were founded less than6 years ago.DESIGN CONTENTDESIGN CONTENTPage/21 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION3.DESIGN CONTENTStartup jobs by sectorImpact focusPage/

91、22 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.coChart data includes 622 funding rounds into startups headquartered in the Nordics as well as those companies founded in the Nordics which h

92、ave relocated elsewhere since.Funding round data representative as of August 2023.xVC investment into Nordic startups by industry(H1 2023)view moreDESIGN CONTENTTransportationEnergyHealthFintechFoodTravelReal EstateRoboticsINDUSTRY2023 VALUE(H1)Energy1,494,701,255Transportation970,890,914Health830,7

93、49,256Fintech513,176,422Food471,390,538Travel226,628,855Real Estate141,474,944Robotics80,521,023Gaming74,620,151CompanyROUNDAMOUNT RAISED(USD M)DATECategoryNorthvoltCONVERTIBLE400Jun/2023 EnergyHostaway OyGROWTH EQUITY VC175May/2023 TravelHemab TherapeuticsSERIES B135Feb/2023 HealthMathemLATE VC121.

94、012101Jun/2023 FoodTradeshiftLATE VC100Aug/2023Enterprise SoftwareKongsberg DigitalLATE VC90Jun/2023TransportationKameoLATE VC84.708471Apr/2023 FintechCCP GamesGROWTH EQUITY VC40Mar/2023 GamingLenus eHealthEARLY VC29.50838May/2023 SportsHalodi RoboticsSERIES A23.5Mar/2023 RoboticsWoodio OyEARLY VC17

95、.93Jun/2023Home LivingSelected Nordic funding rounds in H1 2023CompanyInvestment sizeHQ,Date$400M ConvertibleStockholm,Jun 2023$175M Growth EquityHelsinki,May 2023$135M Series BCopenhagen,Feb 2023$121M Late VCStockholm,Jun 2023$121M Late VCStockholm,Apr 2023$108M Growth EquityReykjavk,Jul 2023$100M

96、Late VCCopenhagen,Aug 2023$100M Late VCReykjavk,Jul 2023$90M Late VCKongsberg,Jun 2023$90M Late VCStockholm,Jun 2023CompanyROUNDAMOUNT RAISED THIS ROUND(USD M)HQ COUNTRYDATENorthvoltCONVERTIBLE400Stockholms kommun,SwedenJun/2023Hostaway OyGROWTH EQUITY VC175 Helsinki,FinlandMay/2023Hemab Therapeutic

97、sSERIES B135Copenhagen,DenmarkFeb/2023MathemLATE VC121.012101Stockholms kommun,SwedenJun/2023Ingrid CapacityLATE VC121.012101Stockholms kommun,SwedenApr/2023First Water(Formerly Landeldi)GROWTH EQUITY VC108.24 Kpavogur,IcelandJul/2023TradeshiftLATE VC100Copenhagen,DenmarkAug/2023Alvotech100 Reykjavk

98、,IcelandJul/2023Kongsberg DigitalLATE VC90 Kongsberg,NorwayJun/2023KameoLATE VC84.708471Stockholms kommun,SwedenApr/2023$1.5B$970M$830M$513M$471M$226M$141M$80MEnergy was the Nordics most funded industry in H1 2023,followed by Transportation and Healthtech.Page/23 Source:LOGOS SPACINGYEAR/EXTRA LABEL

99、TITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.coHealthtech startups create the most jobs in the NordicsIn the Nordics,Healthtech is the top industry by number of startups and number of local jobs.Bavarian Nordic,Kry,and 3Shape

100、 are amongst the biggest single employers,but a long tail of 1.3k job-creating healthtech startups and scaleups help create most jobs in the segment.Zooming in,1 in every 4 job at a Nordic startup(60K jobs in total)is in one of three sectors:Health,Energy and Fintech.Nordic startupsby industry30.0kH

101、ealthEnergyEnterprise SoftwareFintechFoodEcommerceReal EstateMediaTransportationStartup jobs in the NordicsAverage local team size in the NordicsDESIGN CONTENTIndustryAvg team sizeMusic37Fintech34Transportation30Legal28Energy25Marketing24Telecom24Enterprise Software23Security23Average team sizeIndus

102、tryEMP VALUE(local)Health30.0kEnergy21.1kFintech18.4kEnterprise Software16.3kTransportation9.6kEcommerce8.8kFood8.8kReal Estate8.0kMarketing7.4kNumber of Local jobsin 2022IndustryStartup countHealth1332Energy842Enterprise Software695Fintech546Food449Ecommerce424Real Estate368Media346Transportation32

103、4Number of startups21.1k18.4k16.3k9.6k8.8k8.8k8.0k7.4kHealthEnergyFintechEnterprise SoftwareTransportationEcommerceFoodReal EstateMarketingMusicFintechTransportationLegalEnergyTelecomMarketingEnterprise SoftwareSecurity8007005504504203703403203734302825242423231.3k30.0k 37Page/24 Source:LOGOS SPACIN

104、GYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONCompanyHQ JOBSNORDICS EMP 2 023SDGNorthvolt2931affordable and clean energy(#7);climate action(#13)Oatly553zero hunger(#2);climate action(#13)SVEA Solar497sustainable cities and communiti

105、es(#11);responsible consumption and production(#12);affordable and clean energy(#7);climate action(#13)Einride427affordable and clean energy(#7);climate action(#13)OX2306affordable and clean energy(#7)Voi Technology301sustainable cities and communities(#11);climate action(#13)Better Energy A/S296aff

106、ordable and clean energy(#7)apotea.se294good health and well-being(#3)Clever261sustainable cities and communities(#11);affordable and clean energy(#7);climate action(#13)Doktor.se244good health and well-being(#3)Dealroom.coDefine dataset used as part of this analysisDESIGN CONTENT1.1K impact startup

107、s45K jobs globally28K impact jobs locally8K+job creating startups in the Nordics340K jobs globally200K jobs locallyTop 10 biggest impact startups14%of Impact jobsSelected Nordic impact startups currently hiring Explore moreBrowse job openings at Nordic impact startups on Dealroom.co 1.1K impact star

108、tups in this report1.8K Nordic impact startups view onlineNordic impact startups support 45k jobs globally,of which 28K(63%)are located in Nordic countries.86%of impact jobs are created by early-stage startups and rising scaleups.Larger nordic impact scaleups and grownups(below)support just 1 in 7 i

109、mpact jobs.1 in 7 startup jobs in the Nordics are at impact startups.Page/25 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONTo Update before publication CountryBiggest employer2nd biggest employer3rd

110、biggest employerRest of CountrySweden4%3%2%91%Denmark2%2%2%94%Finland5%3%2%90%Norway7%4%4%86%Iceland2%1%0%96%DESIGN CONTENTImpact startups are a major employer in the Nordics placed second overall only behind Healthtech.Impact jobs span across virtually all industries,with the highest concentration

111、of impact startups and jobs found in Energy,Healthtech and Foodtech.CompanyCountrySaxo BankDenmarkBavarian NordicDenmark3ShapeDenmarkLunarDenmarkGenmabDenmarkDigiaFinlandRelex Solutions FinlandInnofactorFinlandEficodeFinland3 Step IT GroupFinlandAVINOR AIR NAVIGATION SERVICES ASNorwayForsvarsbyggNor

112、waySpareBank 1NorwayPilot Flight AcademyNorwayKongsberg DigitalNorwayAlvotechIcelandControlantIcelandSidekick Health IcelandNOVAIcelandSynIcelandNorthvoltSwedenKlarnaSwedenGlobalConnectSwedenSpotifySwedenViaplaySwedenHealthImpactEnergyFintechEnterprise SoftwareGaming&MarketingFoodTransportatione-Com

113、merceReal EstateRoboticsClimate tech jobs 21.7kJobs at Nordic startups(2023)HealthImpactEnergy(excl.Climate Tech)FintechEnterprise SoftwareTransportationeCommerceFoodReal EstateMarketingMediaGamingTelecomSecurityEducation30K27.8K21.1K18.4K16.3K9.6K8.8K8.8K8.0K7.4K7.3K6K5.6K5.1K3.1KClimate tech jobs

114、21.7k27.8kDESIGN CONTENTHealthImpactEnergy(excl.Climate Tech)FintechEnterprise SoftwareFoodTransportationEcommerceReal EstateRoboticsTravel8K28K18K16K7K8K8K6K3K3K26K4K13K3K2KTravelAll other industries28KDealroom.co.Dataset:1160 impact companies.27.8K jobs in the Nordics.Period:2023(H1).*jobs at impa

115、ct startups are subtracted from the total count of their original industries to prevent double counting.4K13K3K2KJobs at Nordic startups(2023)Jobs with impact OthersDESIGN CONTENTPage/26 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT

116、/SOURCES/INSPIRATIONCompanyHQ JOBSNORDICS EMP 2 023SDGNorthvolt2931affordable and clean energy(#7);climate action(#13)Oatly553zero hunger(#2);climate action(#13)SVEA Solar497sustainable cities and communities(#11);responsible consumption and production(#12);affordable and clean energy(#7);climate ac

117、tion(#13)Einride427affordable and clean energy(#7);climate action(#13)OX2306affordable and clean energy(#7)Voi Technology301sustainable cities and communities(#11);climate action(#13)Better Energy A/S296affordable and clean energy(#7)apotea.se294good health and well-being(#3)Clever261sustainable cit

118、ies and communities(#11);affordable and clean energy(#7);climate action(#13)Doktor.se244good health and well-being(#3)Dealroom.co.Dataset:1160 impact companies.28K jobs in Nordics in 2023 H1.1.1K+Nordic impact startupssupport 45K jobs globally.2.9kEnergy 23.2k jobsTransportation12k jobsReal Estate2.

119、3k jobsHealth7.4k jobsFood6.4k jobsNordic impact startups support 45K+jobs globally,including 28K jobs in Nordic countries.Energy&Climate Tech startups contribute the largest share of jobs within the impact ecosystem.Impact startups are younger on average and develop technologies and products locall

120、y,leveraging a large and adequate talent pool in the Nordics to support their growth.As a result,63%,or over 28K jobs created by impact startups are based in the Nordics,a higher proportion of local jobs than non-impact startups(53%).Electric Mobility10k jobsAll other industries7.2k jobsPage/27 LOGO

121、S SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION4.Job openingsDESIGN CONTENTPowered byThe Hub is the#1 recruitment platform for Nordic startups,offering career opportunities for global talents.thehub.ioPage/28 So

122、urce:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION5K4K2KJanFebMarAprMayJunJul1K1.6K 3.4K 4.1K 2.3K 3.4K 2.9K 3.3K 1.7K 3.3K 3.1K 4.6K 1.9K 2.5K 3.5K 3KChartModel datasetDESIGN CONTENTNordic startups have s

123、lowed down hiring in H1 2023,but over 12K opportunities are currently advertised in the Nordics.Dataset:41.6K job openings collected by Dealroom based on PredictLeads data,and insights provided by the Hub.Period:Jan 2021 to Jul 2023.Excludes job openings located outside of the Nordics,as well as int

124、ernships.4.JOB OPENINGS powered by3KNumber of vacancies posted by Nordic startups 2022 2023thehub.io/jobsExplore more opportunities at Nordic startups with The Hub12K+job openings in the Nordics on dealroom.co/jobs 800+openings at Nordic startups that raised in 2023 600+openings at Women(co-)led Nor

125、dic startups 600+openings at nordic impact startups 1,000+openings at nordic deep tech startups 600+openings at foreign startups in the NordicsDESIGN CONTENTDESIGN CONTENTPage/29 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA C

126、ONTENT/SOURCES/INSPIRATIONData from The Hub.io,crunch by Dealroom.co31%DevelopmentSales&CSMFinance,People,CultureMarketing&DesignData Science&EngineeringProject ManagementLogisticsC-level28%1%18%17%6%6%5%20%Tech jobs openings at Nordic startups(25%of all job openings)Non-tech jobs openings at Nordic

127、 startups(75%)People,Culture and FinanceSales&CSMMarketingProject ManagementDevelopmentDataC-levelLogisticsNot techNot techNot techNot techTechTechNot techNot tech18%28%17%6%19%6%1%5%77812197112688202472621975%Non-tech jobs25%Tech jobsJob categories with the most openings at Nordic startups in H1 20

128、23DESIGN CONTENTLosgistics5%C-level1%3/4 of job openings advertised by Nordic startups are for roles that do not require a technical background.Startups require a diverse set of skills and talent to scale.Whilst tech roles tend to be more difficult to fill owing to increased competition and tensions

129、 on job markets,many opportunities at startups are open for candidates with different profiles including sales,marketing,project management,and operations.Finance,People,Culture18%Sales&CSM28%17%6%6%OthersProject ManagementMarketing&MarketingDevelopmentData Science19%6%4.JOB OPENINGS powered byPage/

130、30 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION86%of new opportunities are generated by startups founded in the last 10 years.Most job openings currently advertised on The Hub are posted by young s

131、tartups:companies founded since 2020 account for a quarter of all job openings.Startups(i.e.those companies with fewer than 50 employees)are responsible over 40%of all job openings,and those with fewer than 10 employees account for another quarter of current opportunities on The Hub.Data from The Hu

132、b.io,crunch by Dealroom.coNumber of vacancies by startup founding year4.JOB OPENINGS powered by30K20K10KDESIGN CONTENTPage/31 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONImpact scaleups are far mor

133、e attractive to job seekers.Data from The Hub analysed by Dealroom.co shows that candidates who apply to early stage startups pay less attention to the impact orientation of the startups product and mission.Startups with fewer than 50 employees,most of which have either just or not yet reached go-to

134、-market stage,receive 23 applicants per job posted,on average.However the gap significantly widens at later stage.Scaleups,i.e.startups with go-to-market or growth strategies and over 50 employees,are far more attractive to talents if their product and mission is impact-driven:impact scaleups receiv

135、e 50%more applicants per job posted than conventional scaleups.The Hub data analysed by Dealroom.co 4.JOB OPENINGS powered by23 2327 19Average number of applicants by job opening,Nordic startups impact-focus No impact focus Average number of applicants per startup job posted(50 employees)Average num

136、ber of applicants per scaleup job posted(50 employees)9.4K job openings in H1 2023.Impact startups and scaleups account for 12%of the dataset.Scaleups(impact and non-impact)account for 30%of all companies in dataset.DESIGN CONTENTPage/32 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTEN

137、TFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION5.DESIGN CONTENTMethodologyPage/33 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.coNordic Startup Ecosystem.all

138、startups with a presence in and/or ties to,Nordic countries.Nordic Startups.job-creating(2+employees)startups from Nordic countries.view onlineHomegrown Nordic Startups.startups with current main center of business(HQ)in a Nordic country.view onlineForeign startups in the Nordics.startups with a sec

139、ondary office in a Nordic country.view onlineRelocated Nordic Startups.startups founded in the Nordics,currently based elsewhere.view onlineJobs in this report by location.Jobs in HQ country Jobs in other Nordic countries Jobs in rest of the worldCompanies in this report by location.Scope of this re

140、port.68k111k6k37k21.5k48k22k3k59k31k2.5k5k050k100k150k200kSwedenDenmarkNorwayFinland138K jobs77k jobs66k jobs52k jobsIceland5k jobs150K100K50KScope of this report.Where startups&their teams are.DESIGN CONTENT0CountryJobs in HQJobs in other NordicsJobs in rest of worldTotalSweden79k3k56k138.9kNorway3

141、8k3k36k77.5kDenmark36k2k29k66.0kFinland28k1k23k52.5kIceland3k0k2k5.5kPage/34 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.coValuationThe combined valuation of the tech ecosystem is based on

142、 their market cap or latest transaction value.Transaction value is realized from exit or implied unrealised valuation from the latest VC round,which is either announced or estimated by Dealroom based on benchmarks.Maturity,Stages and Cohorts Startups are classified according to 3 main criteria:-Matu

143、rity(Startup/Scaleup/Grownup)which is inferred from the companys global headcount.-Stage(Early/Breakout/Late)which is inferred from the companys latest investment.-Cohort,based on the companys founding year.Methodology&definitions.Venture Capital,InvestorsInvestment numbers refer to rounds such as S

144、eed,Series A,B,C,late stage,and growth equity rounds.VC investment figures exclude debt or other non-equity funding,lending capital,grants and ICOs.Investment rounds are sourced from public disclosures including press releases,news,filings and verified,user-submitted information.Sectors&IndustriesIn

145、dustry classification follows Dealrooms proprietary taxonomy.A startup may belong to up to two industries.Double counting may occur for investment,but a dominant industry is assumed for headcount in order to accurately report on job data.Glossary&DefinitionsThe data on which this report builds is av

146、ailable on app.dealroom.co.For more info please visit dealroom.co or contact supportdealroom.co.DESIGN CONTENTStartup jobs?The words“jobs”and“employees”are used interchangeably.Number of jobs represent the total number of employees at homegrown startups.It is assumed that Nordic-based employees work

147、 at the companys headquarters.The report also includes data about employees founded in the Nordics,which since their inception moved abroad.The number of jobs is sourced from publicly available data,pany statements and professional social media.This report counts all jobs at startups,not just tech j

148、obs(i.e.mechanics,receptionists,helpdesk,).However,gig workers(e.g.riders,babysitters,.)are generally not counted.Jobs at companies not covered in the report are not counted.DESIGN CONTENTSimilarities&differences with previous editions.The list of companies in this report series changes from one yea

149、r to the next,as it follows the fast-paced evolution of startup ecosystems.Up to 70%of startups ultimately fail according to Dealroom research.Startups generate value Throughout their lifecycle,including in terms of job creation,value and opportunities brought to their local communities.Therefore th

150、is report includes all job-creating startups operating independently,i.e.non-acquired,funded startups with employees which are not part of the founding team.Some acquired startups may be included so long as they maintain distinct and quantifiable operations from their acquiror.Page/35 Source:EXTRA C

151、ONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.coStartups,scaleups,grownups and tech.A startup is a company designed to grow fast.Generally,such companies are VC-investable businesses.When startups are suc

152、cessful,they develop into scaleups(50 people),grownups(500 people)and result in big companies,like Klarna or Oda.Some become very big(e.g.$1B+valuation).Read more about our unicorn methodology here.In this report,the term“tech ecosystem”refers to all startups,scaleups and grownups headquartered in t

153、he Nordics.Only companies founded in or after 1990 are included in this report.This report may refer simply to startups as a container for startups,scaleups and grownups.Nordic startupsThis report includes funded startups with main center of business(headquarters,or HQ)in a Nordic country,i.e.Sweden

154、,Denmark,Norway,Finland and Iceland.This includes VC-backed startups and startups which have received third-party backing(including,but not limited to,accelerators,incubators,and grants).Companies and startups with no third party backing are not included.Jobs at startups which have been acquired and

155、 no longer maintain operational autonomy are not included.Underlying DataDealrooms proprietary database and software aggregate data from multiple sources:harvesting public information,user-submitted data verified by Dealroom,data engineering.All data is verified and curated with an extensive manual

156、process.Jobs in HQ location by funded statusDESIGN CONTENTWhat is a startup?By Dealroom.coMethodology&definitions.DESIGN CONTENTTBC before publicationVenture Capital,InvestorsInvestment numbers refer to rounds such as Seed,Series A,B,C,late stage,and growth equity rounds.VC investment figures exclud

157、e debt or other non-equity funding,lending capital,grants and ICOs.Investment rounds are sourced from public disclosures including press releases,news,filings and verified,user-submitted information.Sectors&IndustriesIndustry classification follows Dealrooms proprietary taxonomy.A startup may belong

158、 to up to two industries.Double counting may occur for investment,but a dominant industry is assumed for headcount in order to accurately report on job data.Glossary&DefinitionsDESIGN CONTENTEuropean regionsNordics:Denmark,Finland,Norway,Sweden,Iceland.DACH:Austria,Germany,Switzerland.CEE:Poland,Cze

159、ch Republic,Lithuania,Estonia,Latvia,Romania,Serbia,Ukraine,Bulgaria,Hungary,Slovenia,Croatia,Slovakia,North Macedonia,Montenegro.Baltics:Estonia,Latvia,Lithuania.Benelux:Belgium,the Netherlands,LuxembourgWestern Europe:United Kingdom,Germany,Switzerland,the Netherlands,France,Luxembourg,Belgium,Aus

160、tria,Ireland,Liechtenstein,Andorra,Monaco.Southern Europe:Italy,Greece,Spain,Malta,Cyprus,Portugal,Andorra,San Marino,Turkey,Andorra,Gibraltar.GRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONBIG LOGOS SPACINGGlobal startup&venture capital intelligence platformDealroo

161、m.co is the foremost data provider on startup,early-stage and growth company ecosystems in Europe and around the globe.Founded in Amsterdam in 2013,we now work with many of the worlds most prominent investors,entrepreneurs and government organizations to provide transparency,analysis and insights on

162、 venture capital activity.Learn more at dealroom.coAbout Danske Bank GrowthDanske Bank is a leading Nordic bank with a global presence.We are headquartered in Denmark and have operations in 10 countries,including Finland,Norway,Sweden,Lithuania,Poland,the United Kingdom,Northern Ireland,Ireland,the United States,and India.Danske Bank Growth is a one stop banking solution when scaling your startup towards a global economy.Learn more at DESIGN CONTENTGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONBIG LOGOS SPACINGDESIGN CONTENT