The international courier industry in the Nordics has evolved to meet the growing demands of global connectivity. This sector features companies of varying sizes, from startups offering innovative delivery solutions to established players specializing in freight services. Many operators provide tailored logistics, including same-day delivery options and e-commerce fulfillment services. With an increasing emphasis on sustainability, many companies are exploring eco-friendly practices to enhance efficiency. Technology plays a significant role as automated services and tracking systems are integrated into operations, indicating a trend toward digital transformation that aims to streamline the dispatch and delivery processes.


This article highlights 19 notable investors in the international courier sector across the Nordics, spanning corporate giants to private equity firms. Based primarily in Sweden and Denmark, these investors range in size from small teams to large organizations. Many were founded in the 1990s and 2000s, emphasizing innovation in logistics. Their commitment to the industry is reflected in their substantial 2024 deal counts, signaling robust activity and interest in optimizing delivery solutions.


Top 19 International Courier Investors in the Nordics


1. A.P. Moller - Maersk

  • Website: maersk.com
  • Type: Corporate
  • Headquarters: Copenhagen, Denmark
  • Founded year: 1904
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: maersk-group

A.P. Møller – Mærsk A/S is a leading logistics company based in Copenhagen, Denmark, specializing in shipping and logistics services globally. Founded in 1904, the company operates a vast network that includes shipping, port operations, supply chain management, and warehousing. In recent years, A.P. Moller - Maersk has made significant investments to enhance its logistics capabilities. Notably, they acquired Pilot Freight Services for approximately $1.7 billion in 2022, aiming to strengthen their integrated logistics offerings in the international courier market. Additionally, they have participated in funding rounds for FreightHub, a European digital freight forwarder, and Huboo, an e-commerce fulfillment startup, showcasing their commitment to innovation and efficiency in the logistics and courier sectors.


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 the logistics and courier industry, including its acquisition of Parcel2Go, the UK’s largest parcel delivery marketplace, where they became a cornerstone investor in June 2021. Additionally, EQT acquired Envirotainer in June 2022 for over $2.9 billion, a company that plays a crucial role in the air cargo logistics sector, particularly for temperature-sensitive shipments. These strategic investments highlight EQT's commitment to enhancing its portfolio in the logistics and courier space.


3. NTG | Nordic Transport Group A/S


NTG | Nordic Transport Group A/S is a corporate investor based in Hvidovre, Denmark, founded in 2011. The company specializes in logistics, offering a wide range of freight forwarding and transportation services, including road, ocean, and air freight, as well as customs and project transport services. NTG operates with a decentralized business model, providing tailored logistics solutions to businesses across various industries. In recent years, NTG has made several strategic acquisitions to enhance its operations in the international courier and logistics sector. Notable transactions include the acquisition of Aries Global Logistics, Inc. for $70 million, which reported significant revenue, and the acquisition of Cargorange Sweden AB, aimed at expanding services between Sweden and the UK. These transactions reflect NTG's commitment to strengthening its position in the international logistics market and enhancing its service offerings.


4. DSV - Global Transport and Logistics

  • Website: dsv.com
  • Type: Corporate
  • Headquarters: Hedehusene, Denmark
  • Founded year: 1976
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: dsv

DSV - Global Transport and Logistics, founded in 1976 and based in Hedehusene, Denmark, is a leading logistics company specializing in transport and logistics solutions across air, sea, road, and rail. With over 10,000 employees, DSV focuses on optimizing supply chains and ensuring efficient delivery of goods globally. The company has made several strategic acquisitions to enhance its market presence and capabilities in the logistics sector. Notably, DSV acquired Panalpina for $4.658 billion in 2019, significantly expanding its logistics operations. In 2020, DSV Panalpina acquired Globeflight Worldwide Express, a South African courier company, to strengthen its position in the small express parcel sector. Furthermore, DSV is set to acquire DB Schenker from Deutsche Bahn for €14.3 billion, which will further enhance its logistics capabilities. These transactions highlight DSV's active role in the international courier industry, making it a relevant player in this space.


5. VNV Global AB

  • Website: vnv.global
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1996
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: vostok-new-ventures-ltd

VNV Global AB is a venture capital firm based in Stockholm, Sweden, founded in 1996. The firm focuses on providing capital and expertise to innovative companies across various sectors, including Mobility and Digital Health. VNV Global aims to support mission-driven entrepreneurs in developing scalable and sustainable business models, emphasizing long-term profitability and strong market positions. Notably, VNV Global has invested in several companies within the international courier sector, including Dostavista, a same-day delivery service that raised $15 million in a Series B round, and Wefast, a crowdsourced same-day delivery service that also secured $15 million in a Series B funding round. Additionally, they participated in a Series C funding round for Borzo, a delivery startup operating in emerging economies, which raised $35 million and has a significant presence in the courier market with millions of users and couriers. These transactions highlight VNV Global's active role in the international courier industry.


6. Kinnevik

  • Website: kinnevik.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1936
  • Headcount: 11-50
  • Number of deals in 2024: 10
  • LinkedIn: investment-ab-kinnevik

Kinnevik is an investment company based in Stockholm, Sweden, founded in 1936. The firm partners with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech, providing both capital and operational support to help these companies scale and create long-term value. Notably, Kinnevik has been actively involved in the logistics technology sector, particularly through its investments in Budbee, a startup focused on redefining delivery services. Kinnevik participated in several funding rounds for Budbee, including a Series A round in 2019, a Series B round in 2020, and a Series C round in 2021, as well as a convertible note in 2023. These investments highlight Kinnevik's commitment to supporting innovative solutions in the logistics and courier industry, particularly as Budbee aims for international expansion and technological advancements in delivery processes.


7. Elanders

  • Website: elanders.com
  • Type: Corporate
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 1908
  • Headcount: 5001-10000
  • Number of deals in 2024: 2
  • LinkedIn: elanders

Elanders is a logistics and printing company founded in 1908, headquartered in Gothenburg, Sweden. The company specializes in integrated solutions within supply chain management, serving various industries such as Automotive, Electronics, and Health Care. Elanders has been actively expanding its capabilities through strategic acquisitions. Notably, they acquired Bishopsgate, a UK company specializing in the transportation and installation of medical devices, which enhances their Life Cycle Management services. Additionally, the acquisition of Kammac, a UK-based contract logistics company, further strengthens their market position in one of Europe's largest logistics markets. Their acquisition of Bergen Logistics, which focuses on the Fashion & Lifestyle segment, highlights their commitment to e-commerce and international shipping. These transactions demonstrate Elanders' active role in the logistics and courier sectors, making them a significant player in the international courier industry.


8. Dfds

  • Website: dfds.com
  • Type: Corporate
  • Headquarters: Copenhagen, Denmark
  • Founded year: 1866
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: dfds

DFDS, founded in 1866 and based in Copenhagen, Denmark, is a prominent logistics and ferry operator with over 10,000 employees. The company specializes in providing passenger and freight transportation services across Europe, operating a network of ferry routes that cater to both individual travelers and businesses. In recent years, DFDS has made strategic acquisitions to bolster its logistics capabilities, including the acquisition of Ekol Logistics in November 2024, which enhances their logistics offerings. Additionally, they acquired HSF Logistics Nijmegen B.V. for DKK 2.2 billion in January 2021, and Dublin-based Lucey Transport Logistics in July 2022, which reported revenues of €32 million. These acquisitions are part of DFDS's strategy to expand its logistics footprint and improve supply chain solutions, particularly in the international courier context. Furthermore, their acquisition of the Estron Group in July 2023 aims to strengthen their transport capacity across Europe and the UK, further solidifying their position in the logistics and courier industry.


9. 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 across various sectors, including fintech and health tech. Creandum provides venture capital investment, strategic support, and networking opportunities to startups. Notably, they have invested in Packfleet, a delivery startup that raised over $10 million in Series A funding in March 2024, and previously led an £8 million seed funding round for the same company in April 2022. Additionally, Creandum's involvement in cargo.one, a digital booking platform for air cargo, highlights their commitment to the logistics sector, as cargo.one has seen significant growth in demand for its services, particularly during the COVID-19 pandemic. These investments reflect Creandum's strategy of nurturing companies from seed to IPO, leveraging their expertise and connections to help entrepreneurs succeed in the courier and logistics industries.


10. Accent Equity


Accent Equity is a private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in investments in private Nordic companies, focusing on enhancing the value of its portfolio through strategic management and investment. Accent Equity aims to create sustainable growth and superior returns for its clientele across multiple sectors. Notably, they have been involved in several significant transactions, including the acquisition of Jetpak in 2006, which is a key player in the international courier industry. Additionally, they acquired Tempcon Group and Tommy Nordbergh Åkeri, both of which are related to logistics and transportation, further showcasing their engagement in sectors that complement courier services. Their expertise in investment management positions them as a valuable investor in the logistics and courier space.


11. Polaris Private Equity


Polaris Private Equity is a private equity firm based in Copenhagen, Denmark, founded in 1998. The firm specializes in investment management, focusing on supporting mid-sized companies in the Nordic region through tailored investment strategies, including private equity, flexible capital, and public equity. Polaris partners with management teams to drive growth and operational improvements, helping these companies realize their full potential. Notably, Polaris has made significant investments in the international courier sector, including the acquisition of Link Logistics A/S, Denmark's largest broker in express and courier transportation services, in December 2019. They also acquired Jetpak in December 2005, further establishing their footprint in the courier industry. These transactions highlight Polaris's commitment to investing in and enhancing companies within the logistics and courier space.


12. Volvo Group

  • Website: volvogroup.com
  • Type: Corporate
  • Headquarters: Sweden
  • Founded year: 1927
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: volvo-group

Volvo Group is a prominent manufacturing company based in Sweden, founded in 1927, specializing in trucks, buses, construction equipment, and marine and industrial engines. With a workforce exceeding 10,000 employees, the company is dedicated to providing efficient and sustainable solutions for businesses in the transportation and construction sectors. In recent years, Volvo Group has expanded its investment portfolio to include innovative companies in the logistics and courier space. Notable transactions include their participation in Flock Freight's Series C funding round, which raised $113.5 million to enhance freight solutions, and their involvement in FourKites' Series D financing, which secured $100 million to improve supply chain visibility. These investments reflect Volvo Group's strategic interest in advancing logistics technology, making them a relevant player in the international courier industry.


13. 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 participated in several transactions relevant to the international courier industry, including a significant investment in Ingrid, a Swedish SaaS delivery platform that aims to improve delivery efficiency for retailers. Additionally, they were involved in funding rounds for Porterbuddy, which also operates in the logistics space, indicating their active interest in the courier sector.


14. Scania Group

  • Website: scania.com
  • Type: Venture Capital
  • Headquarters: Sweden
  • Founded year: 1891
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: scania

Scania Group, founded in 1891 and based in Sweden, is a prominent vehicle and engine manufacturer specializing in commercial vehicles, including heavy trucks and buses. The company provides a range of services such as repair, maintenance, and financial solutions to businesses in the transportation and logistics sectors, ensuring efficient and sustainable operations. As an investor, Scania Group has shown a keen interest in the logistics technology space, particularly through its Scania Growth Capital arm. Notably, Scania has invested in Parcelly, a logistics tech platform that raised €6 million to expand its operations in Europe and the US. Additionally, Scania has been a significant investor in Sennder, a Berlin-based logistics platform that has raised substantial funding across multiple rounds, including a Series D round of €131.2 million. These transactions highlight Scania's commitment to enhancing logistics and courier services, making it a relevant player in the international courier investment landscape.


15. Bring Intermodal AS

  • Website: bring.com
  • Type: Corporate
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 2005
  • Headcount: 201-500
  • LinkedIn: bringlinehaul

Bring Intermodal AS, founded in 2005 and based in Oslo, Norway, is a corporate investor in the logistics sector. The company specializes in a variety of logistics services, including international freight forwarding, air and sea freight, and fulfillment solutions tailored for e-commerce businesses. This positions them as a key player in the logistics landscape, catering to both businesses and consumers. In recent years, Bring has participated in several seed funding rounds, including investments in innovative logistics startups such as Aviant, which focuses on drone delivery services. Their investment in Crossborderit also highlights their interest in enhancing cross-border logistics solutions. These activities demonstrate Bring's commitment to advancing logistics and courier services, making them a relevant investor in the international courier industry.


16. Innovestor

  • Website: innovestorgroup.com
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 12
  • LinkedIn: innovestor

Innovestor is an investment management company based in Helsinki, Uusimaa, Finland, specializing in venture capital, real estate, and energy storage. Founded in 2014, Innovestor focuses on providing funding and support to early-stage startups and corporations, particularly in technology and life sciences. They offer services such as investment advice, corporate venturing, and participation in accelerator programs. Notably, Innovestor has made significant investments in the logistics sector, including leading a funding round for Shipit Oy Ab, a technology company that has developed an automated service platform for parcel and pallet shipment management, and participating in a €4M pre-series A round for OGOship, an e-commerce logistics company. These transactions reflect Innovestor's strategic interest in the international courier industry, showcasing their commitment to supporting innovative logistics solutions.


17. NordicNinja VC

  • Website: nordicninja.com
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: nordicninja-vc

NordicNinja VC is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2019. The firm specializes in investing in technology startups that focus on sustainability and digital innovation. With a portfolio that spans various sectors, including mobility, deep tech, and climate technology, NordicNinja VC aims to support startups in scaling their operations. Notably, they have invested in Einride, a Swedish startup developing autonomous trucks, which raised significant funding rounds (including $110 million in Series B) to enhance its logistics capabilities. Additionally, they participated in funding Starship Technologies, which raised $42 million in Series B for its delivery robots. These investments highlight NordicNinja's commitment to advancing technology in the logistics and courier space, particularly through innovative mobility solutions.


18. FSN Capital Partners

  • Website: fsncapital.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: fsn-capital

FSN Capital Partners is a private equity investment firm based in Oslo, Norway, founded in 1999. The firm specializes in managing investments across various sectors, including services, green transition, industrials, and technology, with a focus on driving growth and transformation in its portfolio companies. FSN Capital primarily partners with institutional investors and pension funds seeking sustainable returns. Notably, FSN Capital has made significant strides in the logistics sector by acquiring a majority stake in MHP Solution Group, a shipment and logistics software company, in September 2020. This acquisition marks their entry into the logistics software space, which is integral to the international courier industry. Although they have also been involved in other sectors, such as automotive and technology, their engagement in logistics software positions them as a potential player in the international courier market.


19. 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, and is known for partnering with management teams to drive growth and operational improvements in portfolio companies. Nordic Capital has a strong focus on creating long-term value and sustainability in its investments. Notably, they acquired Unifeeder A/S, a prominent Danish logistics company, in 2013, which highlights their engagement in the logistics and courier space. Additionally, their diverse portfolio includes companies like Bufab Group and Thule Group AB, showcasing their broad investment strategy while still maintaining a foothold in sectors relevant to logistics and distribution.



International Courier Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
A.P. Moller - MaerskCopenhagen, Denmark10001+19044
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
NTG | Nordic Transport Group A/SHvidovre, Denmark1001-500020113
DSV - Global Transport and LogisticsHedehusene, Denmark10001+19761
VNV Global ABStockholm, Stockholm, Sweden1-1019961
KinnevikStockholm, Stockholm, Sweden11-50193610
ElandersGothenburg, Västra Götaland, Sweden5001-1000019082
DfdsCopenhagen, Denmark10001+18662
CreandumStockholm, Stockholm, Sweden11-50200317
Accent EquityStockholm, Stockholm, Sweden11-5019944
Polaris Private EquityCopenhagen, Denmark51-20019984
Volvo GroupSweden10001+19274
VerdaneOslo, Oslo, Norway51-20019857
Scania GroupSweden10001+18916
Bring Intermodal ASOslo, Oslo, Norway201-50020050
InnovestorHelsinki, Uusimaa, Finland11-50201412
NordicNinja VCHelsinki, Uusimaa, Finland1-1020196
FSN Capital PartnersOslo, Oslo, Norway51-20019990
Nordic CapitalStockholm, Stockholm, Sweden201-500198910


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