Top 19 Data Visualization Investors in the Nordics
Top 19 Data Visualization Investors in the Nordics
The data visualization industry in the Nordics has gained notable traction in recent years, driven by growing demand for insights derived from data analytics. Companies in this sector include startups and established firms that provide software solutions to turn complex data into understandable visual representations. They cater to various sectors, including finance, healthcare, and marketing, offering tools for analytics, dashboards, and reporting. As organizations increasingly rely on data for decision-making, the industry is set for continued growth, with a focus on enhancing user experience and accessibility. Innovations like real-time data visualization are emerging trends reshaping how businesses interpret data.
The list of top data visualization investors in the Nordics features a blend of venture capital firms and private equity players, primarily headquartered in Stockholm and Oslo. Many investors command a range of company sizes, from small teams to major firms with thousands of employees. Founded over decades, these investors have been actively engaging with the sector, highlighted by their 2024 deal counts varying significantly, from one to over thirty. These investments underline their commitment to supporting technology companies that enhance data visualization capabilities. Certain firms, such as EQT Group and Verdane, exemplify this growing investment trend.
Top 19 Data Visualization Investors in the Nordics
1. 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 invested in Qlik, a prominent data visualization platform, and Funnel, a software company that offers data integration and visualization services. Funnel has received multiple rounds of funding from Industrifonden, including significant investments in Series A, B, and C rounds, indicating a strong commitment to supporting companies in the data visualization space. Their focus on creating long-term value through partnerships with passionate founders further enhances their profile as a relevant investor 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 managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the data visualization context, including the acquisition of FocusVision, which provides market research technology solutions aimed at enhancing data visualization for businesses. Additionally, EQT led a $125 million Series D funding round for Ardoq, a company focused on data-driven decision-making and analytics, further emphasizing their commitment to supporting firms that contribute to the data visualization landscape. Their recent acquisition of Innovyze, a water infrastructure analytics firm, also aligns with their strategy to invest in companies that leverage data for improved decision-making and operational efficiency.
3. 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 investment 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 looking to enhance their market position and operational efficiency. Notably, Verdane has invested in Dapresy, a provider of visual data reporting software, which highlights their commitment to the data visualization sector. Additionally, they have participated in funding rounds for inRiver, a product information management business, which, while not solely focused on data visualization, operates in a related space that often intersects with data reporting and visualization needs. Their diverse portfolio and strategic investments in technology-driven companies position them as a relevant player in the data visualization industry.
4. Inventure
- Website: inventure.vc
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2005
- Headcount: 11-50
- Number of deals in 2024: 9
- LinkedIn: inventure
Inventure is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2005. The firm focuses on backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been involved in several notable transactions, particularly in the data visualization context. For instance, they co-led a pre-seed financing round for Steep, a Stockholm-based next-generation analytics platform, which raised €1 million to facilitate its product launch and development. Additionally, Inventure participated in a Series A funding round for Whatagraph, a marketing agencies reporting software that raised $7.2 million to enhance its product development and expand its market reach. These investments highlight Inventure's commitment to supporting innovative companies in the data visualization and analytics sectors.
5. 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 focus on creating long-term value and sustainability. Notably, Nordic Capital has made several key acquisitions in the data visualization space, including Macrobond, a company that provides data analytics and visualization solutions, acquired in August 2018. They also acquired Board International in January 2019, a company known for its business intelligence and data visualization software. Most recently, in February 2024, Nordic Capital acquired ActiveViam, which specializes in data analytics and visualization for financial services. These transactions highlight Nordic Capital's commitment to investing in companies that enhance data visualization capabilities, making them a relevant player in this industry.
6. 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. With a team size of 11-50, Icebreaker.vc has been actively investing in various sectors, including data technology. Notable transactions include their participation in the funding rounds for Alvin, a SaaS data lineage company that raised $6M in seed funding, and reconfigured, a startup that raised €1 million to help SaaS companies manage data. Additionally, they were involved in the funding of Sellforte, an AI-powered marketing optimization platform, which also relates to data analytics. These investments highlight Icebreaker.vc's commitment to supporting innovative companies in the data visualization and management space.
7. 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. They leverage a global network of industry experts and resources to foster growth and innovation. In 2023, EQT Ventures led a $12.8 million Series A funding round for Sifflet, a company that may have applications in data analytics and visualization, indicating their interest in data-driven technologies. Additionally, they participated in funding rounds for Generative Engineering, a software provider for physical product design, which could also intersect with data visualization in product development contexts. Their diverse portfolio and focus on technology suggest a potential alignment with the data visualization industry.
8. 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. They specialize in supporting early-stage entrepreneurs in building global, category-defining companies by providing venture capital investment, strategic support, and networking opportunities. Creandum has a diverse portfolio, including investments in fintech and health tech, but they have also made significant contributions to the data visualization sector through their investments in Neo4j, an open-source graph database vendor. Neo4j has raised substantial funding in multiple rounds, including $325 million in a Series F round in 2021, $80 million in Series E financing in 2018, and earlier rounds totaling millions, all aimed at enhancing their data science and cloud technologies. This focus on data management and visualization technologies highlights Creandum's relevance in the data visualization industry.
9. OpenOcean
- Website: openocean.vc
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2009
- Headcount: 11-50
- Number of deals in 2024: 7
- LinkedIn: openocean-vc
OpenOcean is a venture capital firm based in Helsinki, Finland, founded in 2009. The firm specializes in investing in early-stage technology startups across Europe, with a strong emphasis on the data economy. OpenOcean provides capital and expertise to help scale innovative solutions in various technology sectors. Notably, they have invested in Supermetrics, a data integration company that raised €3.5M in Series A funding led by OpenOcean in 2017, and later participated in a larger funding round for the same company. Additionally, they co-invested in Unacast, a location data software developer, which highlights their interest in companies that enhance data visualization and accessibility. Their recent investment in Embeddable further demonstrates their commitment to supporting startups that contribute to the data visualization landscape.
10. Ericsson
- Website: ericsson.com
- Type: Corporate
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 1876
- Headcount: 10001+
- Number of deals in 2024: 3
- LinkedIn: ericsson
Ericsson is a leading telecommunications company based in Stockholm, Sweden, founded in 1876. With over 10,000 employees, Ericsson provides advanced connectivity solutions, including 5G networks and IoT platforms, to various industries. The company has made several strategic investments in the data visualization sector, including a notable investment in Trifacta, which raised $48 million in a Series D round in January 2018. Trifacta is known for its data wrangling and visualization tools that help organizations make sense of their data. Additionally, Ericsson has invested in Jolata, which raised $7 million in a Series B round in April 2016, and has shown interest in Matterport, a company that specializes in 3D and VR business solutions, which can be relevant for data visualization applications. These transactions highlight Ericsson's commitment to enhancing data capabilities, making it a relevant player in the data visualization landscape.
11. 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 guidance to entrepreneurs throughout their business journey. Heartcore has a global reach and emphasizes building long-term relationships with founders to help them achieve their goals. Notably, Heartcore has been involved in multiple funding rounds for Neo4j, a leading graph database technology that plays a significant role in data visualization and analytics. Their investments in Neo4j include a Seed Round in 2009, followed by Series A, B, C, and D rounds, totaling over $60 million. This involvement highlights Heartcore's interest in the data visualization sector and its potential for growth.
12. Alliance VC
- Website: alliance.vc
- Type: Venture Capital
- Headquarters: Oslo, Oslo, Norway
- Founded year: 2001
- Headcount: 1-10
- Number of deals in 2024: 5
- LinkedIn: alliance-venture
Alliance Venture Capital is a venture capital firm based in Oslo, Norway, founded in 2001. The firm specializes in investing in early-stage technology companies founded by Nordic entrepreneurs with global ambitions. Alliance VC provides not only financial support but also strategic guidance to help startups scale their operations. Among their notable transactions, they co-led a pre-seed financing round for Steep, a Stockholm-based next-generation analytics platform, which raised €1 million. This investment highlights their focus on innovative data solutions. Additionally, they participated in seed funding for IndyKite, a decentralized web identity platform, which, while not directly a data visualization company, indicates their engagement in technology that may intersect with data management and visualization. Overall, Alliance VC's investments reflect a commitment to fostering innovation within the tech sector, including areas relevant to data visualization.
13. 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, specializing in cloud-based software solutions for accounting, payroll, invoicing, and HR. Founded in 1996, Visma serves small and medium businesses as well as public sector organizations across Europe and Latin America. The company has made significant strides in the data visualization sector, particularly through its acquisition of Synaxion, which provides business intelligence software solutions aimed at the (semi-)public sector in the Netherlands. This strategic move highlights Visma's commitment to strengthening its position in the data visualization and e-Government markets. Additionally, Visma has acquired other companies like Silverfin, which specializes in accounting technology, further indicating its interest in enhancing its software offerings that may include data visualization capabilities.
14. Superhero Capital
- Website: superherocapital.com
- Type: Venture Capital
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 2015
- Headcount: 1-10
- Number of deals in 2024: 7
- LinkedIn: superhero-capital
Superhero Capital is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2015. The firm specializes in seed funding for software-driven startups in the New Nordics region, providing financial backing and strategic support to entrepreneurs. Their mission is to empower founders and foster innovation in the technology sector. Notable transactions include investments in Custobar, a customer data platform, and Videobot, a SaaS startup that raised €2 million in seed funding to accelerate its growth in Europe and the US markets. These investments highlight Superhero Capital's commitment to supporting technology companies that may incorporate data visualization solutions into their offerings.
15. Vitec Software Group
- Website: vitecsoftware.com
- Type: Corporate
- Headquarters: Sweden
- Founded year: 1985
- Headcount: 1001-5000
- Number of deals in 2024: 5
- LinkedIn: vitec
Vitec Software Group is a corporate investor based in Sweden, founded in 1985, specializing in developing standardized software solutions across various industries, including healthcare, real estate, and education. The company operates with a decentralized structure, allowing its business units to maintain independence while benefiting from shared resources. In recent years, Vitec has made several strategic acquisitions to strengthen its market position. Notably, in November 2024, Vitec acquired Roidu, a Finnish software company that focuses on patient and employee experience survey tools, which likely involves data visualization elements to analyze survey results. Additionally, Vitec's acquisition of HK data AS in December 2019 and Acute FDS in December 2013 further demonstrates their commitment to expanding their software capabilities, potentially including data visualization functionalities. These transactions highlight Vitec's interest in enhancing their software offerings, which may include data visualization tools relevant to their clients' operational needs.
16. 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, or Skandinaviska Enskilda Banken AB (SEB), is a corporate investor based in Solna, Stockholm, Sweden, founded in 1855. The bank offers a wide range of financial services, including personal and corporate loans, investment management, and insurance products. In 2024, SEB Kort participated in a funding round for Apica, a Stockholm-based data management and active observability company. This investment aligns with SEB's strategy to support innovative companies in the technology sector, particularly those focused on data management and visualization. Apica has raised significant funds over the years, including a $10 million venture round in August 2023 and a $12 million Series D in August 2018, highlighting its growth and relevance in the data visualization context.
17. Investinor
- Website: investinor.no
- Type: Venture Capital
- Headquarters: Trondheim, Trøndelag, Norway
- Founded year: 2008
- Headcount: 11-50
- Number of deals in 2024: 4
- LinkedIn: investinor
Investinor AS is a venture capital investment company based in Trondheim, Trøndelag, Norway, founded in 2008. It specializes in providing funding to promising startups and companies, helping them grow and achieve market leadership. Investinor manages state interests in seed and venture funds and collaborates with entrepreneurs and other investors. Notably, Investinor has been involved in several transactions relevant to the data visualization industry, including significant investments in Unacast, a US-based location data software developer. They participated in multiple funding rounds for Unacast, including a $16 million venture round in 2021 and a $17.5 million Series B round in 2018, aimed at international expansion and improving data quality. Additionally, they invested in Xeneta, which raised $28.5 million in a Series C round in 2021, further showcasing their engagement in sectors that intersect with data visualization.
18. Monterro
- Website: monterro.com
- Type: Private Equity
- Headquarters: Stockholm, Stockholm, Sweden
- Founded year: 2012
- Headcount: 11-50
- Number of deals in 2024: 1
- LinkedIn: monterro-ab
Monterro is a private equity investment firm based in Stockholm, Sweden, founded in 2012. The firm specializes in the growth of B2B software companies, providing both capital and operational support to help these companies scale and expand into new markets. Monterro focuses primarily on Nordic software companies, leveraging their expertise to drive growth and internationalization. Notable transactions include the acquisition of TimeXtender on May 11, 2022, which specializes in data management and visualization solutions, highlighting Monterro's involvement in the data visualization sector. Other significant acquisitions include PCG Solutions AB, Viedoc, and Moment Team, all of which are B2B software companies that may intersect with data visualization applications.
19. Digia Plc
- Website: digia.com
- Type: Corporate
- Headquarters: Helsinki, Uusimaa, Finland
- Founded year: 1997
- Headcount: 1001-5000
- LinkedIn: digia_5119
Digia Plc is an IT consulting and software development company based in Helsinki, Finland, founded in 1997. The company provides a wide range of ICT solutions and services across various sectors, including finance, public administration, and healthcare. Digia focuses on helping organizations enhance their digital transformation and operational efficiency through tailored services and innovative technologies. Notably, in September 2023, Digia acquired Top of Minds AB, a Swedish IT consulting firm specializing in data analytics and integrations, which underscores their commitment to the data visualization sector. Additionally, Digia has made several other acquisitions, including Climber International AB, which may also contribute to their capabilities in data analytics and visualization. These strategic moves highlight Digia's intent to strengthen its position in the data-driven market.
Data Visualization Insights: Key Investors in the Nordics
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| Industrifonden | Stockholm, Stockholm, Sweden | 11-50 | 1979 | 9 |
| EQT Group | Stockholm, Stockholm, Sweden | 1001-5000 | 1994 | 30 |
| Verdane | Oslo, Oslo, Norway | 51-200 | 1985 | 7 |
| Inventure | Helsinki, Uusimaa, Finland | 11-50 | 2005 | 9 |
| Nordic Capital | Stockholm, Stockholm, Sweden | 201-500 | 1989 | 10 |
| Icebreaker.vc | Helsinki, Uusimaa, Finland | 11-50 | 2016 | 7 |
| EQT Ventures | Stockholm, Stockholm, Sweden | 11-50 | 2015 | 28 |
| Creandum | Stockholm, Stockholm, Sweden | 11-50 | 2003 | 17 |
| OpenOcean | Helsinki, Uusimaa, Finland | 11-50 | 2009 | 7 |
| Ericsson | Stockholm, Stockholm, Sweden | 10001+ | 1876 | 3 |
| Heartcore Capital | Copenhagen, Denmark | 11-50 | 2007 | 17 |
| Alliance VC | Oslo, Oslo, Norway | 1-10 | 2001 | 5 |
| Visma | Oslo, Oslo, Norway | 10001+ | 1996 | 16 |
| Superhero Capital | Helsinki, Uusimaa, Finland | 1-10 | 2015 | 7 |
| Vitec Software Group | Sweden | 1001-5000 | 1985 | 5 |
| SEB Kort | Solna, Stockholm, Sweden | 501-1000 | 1855 | 1 |
| Investinor | Trondheim, Trøndelag, Norway | 11-50 | 2008 | 4 |
| Monterro | Stockholm, Stockholm, Sweden | 11-50 | 2012 | 1 |
| Digia Plc | Helsinki, Uusimaa, Finland | 1001-5000 | 1997 | 0 |
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