The financial analytics industry in the Nordics is thriving, characterized by firms that analyze data to enhance financial decision-making. Companies in this sector range from analytics software developers to platforms that refine data management for banks and investment firms. As the importance of data-driven insights continues to grow, there's a noticeable shift towards integrating AI and machine learning into analytics solutions, boosting efficiency and accuracy. Moreover, increased focus on regulatory compliance and risk management is inspiring innovations tailored to the evolving needs of the financial sector. The future looks promising, with potential for further advancements and investment opportunities.


The listed investors represent a spectrum of funding sources ranging from venture capital to private equity, predominantly based in Stockholm, Helsinki, and Oslo. They vary in size, with some managing thousands of employees, while others remain nimble with smaller teams. Established between 1979 and 2016, these investors have shown decisive action in the financial analytics space, with deal counts for 2024 showcasing their active engagement, exemplified by EQT Group and patients like Verdane with significant acquisitions.


Top 12 Financial Analytics Investors in the Nordics


1. Visma

  • Website: visma.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1996
  • Headcount: 10001+
  • Number of deals in 2024: 16
  • LinkedIn: visma

Visma is a corporate investor based in Oslo, Norway, founded in 1996. It is a leading software company that specializes in providing cloud-based accounting, payroll, invoicing, and HR solutions primarily for small and medium businesses, as well as public sector organizations. Visma has a strong presence in Europe and Latin America, operating through a network of entrepreneurial companies that contribute to its innovative software offerings. In recent years, Visma has made several strategic acquisitions to bolster its position in the financial analytics sector. Notably, in September 2023, Visma acquired Silverfin, a prominent accounting technology specialist, for 300 million euros, marking a significant investment in financial technology. Additionally, their acquisition of Synaxion in July 2021, a provider of business intelligence software for the (semi-)public sector, underscores their commitment to enhancing their analytics capabilities. These transactions reflect Visma's strategy to strengthen its offerings in financial analytics and technology, making it a relevant player in this industry.


2. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in companies relevant to the financial analytics industry, such as Rimes Technologies, which focuses on data management and analytics for financial services. Additionally, their recent acquisition of Perficient, a digital consultancy firm, highlights their commitment to enhancing their capabilities in data analytics and technology solutions. Other transactions, such as their involvement with Sportradar, further demonstrate their engagement with companies that leverage data analytics in various sectors, including sports and entertainment.


3. Nordic Capital

  • Website: nordiccapital.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 10
  • LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, including healthcare and technology, with a strong emphasis on creating long-term value and sustainability. In recent years, Nordic Capital has made significant strides in the financial analytics space, acquiring companies such as Macrobond in 2018, which offers a platform for financial data and analytics, and ActiveViam in 2024, known for its real-time analytics solutions. Additionally, their acquisition of BOARD International in 2019 further highlights their commitment to investing in companies that enhance financial decision-making through analytics. These strategic investments reflect Nordic Capital's focus on partnering with management teams to drive growth and operational improvements in their portfolio companies, particularly in the financial analytics domain.


4. Creandum

  • Website: creandum.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. The firm specializes in supporting early-stage entrepreneurs in building global, category-defining companies. With a focus on nurturing companies from seed to IPO, Creandum provides venture capital investment, strategic support, and networking opportunities across various sectors, including fintech and health tech. Notably, Creandum led a Series A funding round for Embat, a Spanish fintech startup, which raised $16 million to expand its operations internationally. Additionally, Creandum has been involved in multiple funding rounds for Neo4j, a company that specializes in graph databases, which are essential for data science and analytics. These transactions highlight Creandum's commitment to investing in companies that are relevant to the financial analytics landscape.


5. EQT Ventures

  • Website: eqtventures.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: eqt-ventures

EQT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2015. The firm specializes in investing in early-stage tech startups, providing not only financial support but also operational assistance to entrepreneurs. EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, EQT Ventures has invested in Peakon, a people analytics company, which raised significant funding in multiple rounds, including a Series B round where they participated in raising a total of $35 million. This involvement in Peakon highlights EQT Ventures' interest in the financial analytics sector, particularly in technologies that analyze employee data to drive business performance. Additionally, EQT Ventures has been active in various other sectors, but their engagement with analytics-focused companies like Peakon positions them as a relevant player in the financial analytics landscape.


6. Industrifonden

  • Website: industrifonden.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1979
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: industrifonden

Industrifonden is a venture capital fund based in Stockholm, Sweden, founded in 1979. The firm specializes in investing in early-stage companies, particularly in the fields of Deep Tech, Life Science, and Transformative Tech. They provide financial support and strategic guidance to startups, helping them scale their innovative solutions. Notably, Industrifonden has participated in funding rounds for companies like Qlik, which is a prominent player in the data analytics and business intelligence sector, and Meniga, a digital banking solutions provider that focuses on analytics for banking products. Meniga has raised multiple rounds of funding with participation from Industrifonden, indicating their interest in the financial analytics domain. This focus on creating long-term value through partnerships with passionate founders positions Industrifonden as a significant player in the venture capital landscape, with a growing interest in financial analytics solutions.


7. Icebreaker.vc

  • Website: icebreaker.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: icebreaker-vc

Icebreaker.vc is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2016. The firm specializes in providing funding and support to idea-stage technology startups, primarily in Finland, Estonia, and Sweden. In 2024, Icebreaker.vc has already made 7 investments, showcasing their active role in the startup ecosystem. Notably, they participated in the seed funding round for Alvin, a SaaS data lineage company, which is directly relevant to financial analytics as it deals with data management and lineage. Additionally, they have been involved in funding Workfellow, which has potential applications in analytics, further emphasizing their interest in the financial analytics domain. Their focus on helping founders develop their business concepts and secure necessary resources positions them as a supportive player in the technology and analytics sectors.


8. Verdane

  • Website: verdane.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • Number of deals in 2024: 7
  • LinkedIn: verdane-capital

Verdane is a private equity firm based in Oslo, Norway, founded in 1985. The firm specializes in growth equity investments in technology-enabled companies, providing capital and hands-on support to help businesses scale. Verdane focuses on digitalization and decarbonization trends, primarily targeting technology companies that seek to enhance their market position and operational efficiency. Notably, in 2024, Verdane acquired an 80% stake in Corlytics, a company specializing in financial analytics, as part of a €1.1 billion investment from their Edda III Fund. This acquisition highlights Verdane's commitment to investing in the financial analytics sector. Additionally, their investment in Meltwater, a media monitoring startup, further demonstrates their interest in technology-driven companies that can leverage analytics for business growth. Overall, Verdane's strategic investments reflect their focus on enhancing operational efficiency and market positioning through technology.


9. Heartcore Capital

  • Website: heartcore.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: heartcorecapital

Heartcore Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investing in early-stage technology companies, providing both capital and strategic guidance to entrepreneurs. Heartcore has a global investment approach, emphasizing long-term relationships with founders to help them achieve their business goals. Notably, Heartcore Capital has been involved in several funding rounds for Tink, a Swedish mobile banking app that has raised substantial capital over the years, including $102.9 million in December 2020 and $63.6 million in February 2019. Tink's focus on transforming personal finance management and its role in the evolving European banking landscape through the Payment Service Directive (PSD2) highlights Heartcore's engagement in the financial analytics sector, making them a relevant player in this space.


10. NFT Ventures

  • Website: nftventures.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2014
  • Headcount: 11-50
  • LinkedIn: nft-ventures

NFT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2014. The firm specializes in the fintech industry, providing strategic support and funding to startups that are innovating in financial technologies. Their investment portfolio includes a diverse range of fintech companies, such as Better Wealth, which raised nearly $1 million in 2018, and Roaring, which secured over $1.25 million in a Series A round in 2019. Additionally, they have invested in Enterpay, a startup focused on international market entry, and Fundment, both of which are involved in financial services. A notable investment is in Mr Shoebox, a Stockholm-based accounting app, which directly relates to financial analytics, showcasing NFT Ventures' commitment to supporting companies that enhance financial management and analytics capabilities. Through these investments, NFT Ventures empowers entrepreneurs to navigate challenges in funding and market entry, contributing to the growth of the fintech ecosystem.


11. First Fellow Partners


First Fellow Partners is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2016. The firm focuses on investing in startups and providing strategic guidance to entrepreneurs, particularly in technology and innovation sectors. Notably, First Fellow Partners has participated in several funding rounds for AlphaSense, a prominent player in the financial analytics industry, including their Series A and Series B rounds. This involvement highlights their interest in supporting companies that leverage technology for financial insights. Additionally, they have invested in other startups like Futurice and Louhe, showcasing their broader investment strategy while maintaining a significant connection to the financial analytics domain through AlphaSense.


12. SEB Kort

  • Website: seb.se
  • Type: Corporate
  • Headquarters: Solna, Stockholm, Sweden
  • Founded year: 1855
  • Headcount: 501-1000
  • Number of deals in 2024: 1
  • LinkedIn: seb-kort

SEB Kort, officially known as Skandinaviska Enskilda Banken AB (SEB), is a prominent financial institution based in Solna, Stockholm, Sweden. Founded in 1855, SEB offers a comprehensive range of banking and financial services, including personal and corporate loans, investment management, and insurance products. The bank serves both individual consumers and businesses, providing tailored solutions to meet diverse financial needs. SEB Kort has been involved in several significant transactions in the financial analytics sector, notably investing in Information Mosaic, which raised multiple rounds of funding (including $12.9 million in 2007) to enhance its financial data management capabilities. Additionally, SEB Kort participated in a $10 million Series B funding round for Tink in 2016, a mobile banking app that utilizes financial analytics to improve user engagement and banking functionalities. These investments highlight SEB Kort's commitment to supporting innovative financial technology and analytics solutions.



Financial Analytics Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
VismaOslo, Oslo, Norway10001+199616
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
CreandumStockholm, Stockholm, Sweden11-50200317
EQT VenturesStockholm, Stockholm, Sweden11-50201528
IndustrifondenStockholm, Stockholm, Sweden11-5019799
Icebreaker.vcHelsinki, Uusimaa, Finland11-5020167
VerdaneOslo, Oslo, Norway51-20019857
Heartcore CapitalCopenhagen, Denmark11-50200717
NFT VenturesStockholm, Stockholm, Sweden11-5020140
First Fellow PartnersHelsinki, Uusimaa, Finland1-1020164
SEB KortSolna, Stockholm, Sweden501-100018551


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