Nordic impact startups draw record investment despite market cooling

Dennis Nobelius, vd för Syre, och Susanna Campbell, medgrundare och ordförande. Foto: pressbild.
29 jan. 2025
18:49
Dennis Nobelius, vd för Syre, och Susanna Campbell, medgrundare och ordförande. Foto: pressbild.
Impact startups in the Nordic and Baltic regions have bucked the trend by pulling in an increase in venture capital during 2024, a new report shows.

While venture capital investments in climate tech decreased globally in 2024, the Nordic and Baltic region seems to have moved in the opposite direction.

A new report from byFounders – a Copenhagen based VC firm – shows that impact startups in the "New Nordics" surged to record levels of €650m in 2024 – a robust 25 percent increase from €520m in 2023 and outpacing investments in other sectors.

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