Nordic Handbook to Startup Investing

Nordic Innocation's handbook to Nordic startup investor market: unleash the full potential of Nordic startups. Summary by KPMG.
Though the Nordics account for only 8% of the European GDP, the Northern countries account for 50% of the European startups that exceed the $1bn valuation — also known as unicorns due to their rarity. This is indicative of the Nordic countries’ supportive startup environment, ease of doing business and availability of financing — all of which are generally considered cornerstones of well-functioning startup ecosystems.

The angel investor environment is continually improving as angel investor networks have become more organised, which improves investment opportunities, awareness and information about angel investing. For angel investors, the tax and regulatory environment is crucial, as it affects the lucrativeness of investing in startups. Improved incentives for investing in startups raise the interest in angel investments.
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Topics covered:
  • Nordic startup environment
  • Nordic startup investor environment — the angel investors’ perspective
  • Regulatory and tax environment

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Authors
Nordic Innovation is an institution that works to promote cross-border trade and innovation between the Nordic countries. Among the institution's goals are removing barriers and building relations through Nordic cooperation. Nordic Innovation works under the auspices of the Nordic Council of Ministers, and is located in Oslo. The institution is seen as a key player in implementing the Nordic trade, industry and innovation partnership programme.

Nordic Innovation has an ambition to establish the Nordic countries as a world-leading region for innovation and sustainable growth. Nordic Innovation works with both private and public stakeholders, and has projects and partners in all the Nordic countries.
KPMG is a professional service company and one of the Big Four auditors. KPMG provides audit, tax and advisory services. We work closely with our clients, helping them to mitigate risks and grasp opportunities. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler." It was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick.