1、Nordics innovation reportSeptember 2024Page/2 title boxSIZE 18PT,BOLDAligned right horizontally Aligned to the middle vertically Line spacing 0.89Text fittingpadding:0,0,0,0Do not autofitAlign top to this lineAlign left side of chartto this linexxAlign top of chart(or legend)to this lineChart title

2、boxSIZE 12,REGULARAligned right horizontally Aligned to the top vertically Line spacing singleText fittingpadding:0,0,0,0 Do not autofit active linkSize 12,bold=alt-shift-on international keyboardSource boxSIZE 6,REGULARAligned right horizontally Aligned to the middle vertically Line spacing singleT

3、ext fittingpadding:0,0,0,0 Do not autofitCHART AREA 930 x600,Border:0Just chartShow guides!Source:Dealroom.coNordics continue to attract investment from home and abroadNordic startups have raised$3.8B in VC investment so far in 2024.Although this represents a decrease from the peak in 2021,2024 is p

4、rojected to surpass pre-pandemic levels of VC raised.Two thirds of Nordic venture capital comes from non-Nordics investors,the highest share to date.Nordics ecosystem is on a long-term growth trajectoryNordic startups are now worth a combined$552B,up 16x since 2014.Over the last 10 years,the combine

5、d enterprise value has grown from$34B to$552B.The number of unicorns,which are the biggest contributors to value growth,grew in number from 9 in 2014 to 82 in 2024.Nordics innovation 2024-key takeawaysEnergy remains the most funded startup sectorEnergy startups have raised$1.2B in 2024,making Energy

6、 the most funded sector for the third consecutive year and the only sector in Nordics which has raised over$1B for 6 years in a row.In 2024,enterprise software startups have already surpassed their 2023 VC investment level.Batteries,hydrogen and solar are key segments.Scale and liquidity:80+unicorns