The State of Nordic Women-Founded Startups 2024

Changing the Narrative

A very small percentage of venture funding in the Nordics goes to companies founded by women alone. This reality reflects persistent systemic barriers that demand attention and action.

Yet in focus on these challenges, we've overlooked something equally crucial: women are building remarkable companies right now.

In the Nordics alone, €900M+ was raised by women (co)founders in 2024.

Key Stats & Insights

2024 was a pivotal year for companies founded & co-founded by women in the Nordics, with €906.3 million secured across 150 deals. Sweden led with €459.6M, followed by Denmark(€209.3M), Norway(€125.3M), and Finland(€110M).

This data signals strong institutional confidence in Nordic women founders, particularly in sectors addressing global sustainability and healthcare challenges, while also highlighting opportunities in the pre-Series A funding gap.

150

companies co-founded by women

€354M

in Series A across 12 companies

62%

of funding captured by the Top10 deals

€127M

in Seed rounds across 40 companies

€ 212.7M

in bio tech across 16 deals

€347.5M

in clean tech across 17 deals

€114.4M

in health tech across 17 deals

74%

of all funding went to bio-, health- and clean tech

Get a Sneak Peek

Get a teaser of key funding trends, challenges, and opportunities for women-founded startups in the Nordics.

Spanning 70+ pages, our research covers everything from funding stages and industry patterns to team demographics, uncovering critical insights across all Nordic markets and industries.

Women-founded companies are changing the world for the future; here’s what they’re innovating

How we manage health conditions

from the tissue level to monitoring chronic conditions and risks with wearable solutions

How we nourish our bodies

from new methods of fermentation that create plant proteins to encouraging children to eat healthily through play

How we protect the world we live in

from more sustainable plastics in packaging to using wave power to help those living in water vulnerability

How we use and understand our money

from effective debt management in real estate to closing the gender gap for female investors

Funded! Report 2024

Get full access to 70 pages of insights, data and practical advice on how we can do better.

Unique analysis of the trends across industries and investments

Hottest companies, including those partway to unicorn status

Only complete report of this type in the Nordics

The when, where and who of the funding rounds

Price: 999 DKK

Meet Some of the Founders

Heart Aerospace

Heart Aerospace develops electric airplanes for regional air travel, combining cutting-edge technology with sustainable innovation.

By reducing carbon emissions and operational costs, Heart Aerospace aims to revolutionise short-haul aviation and make environmentally-
friendly air travel accessible for all.

Klara Forslund - Co-founder & CBO

Landfolk

Landfolk is a platform and community for handpicked second homes. We love to get out of town. Closer to nature. Closer to each other.
‍
We do that by finding and handpicking the most wonderful and unique holiday homes every day. We believe aesthetics, quality, scenic locations and personality are important parts of any vacation and getaway.

Cathrine K. Reimann - Co-founder & Head of Partnerships

Cambri

Streamlines product development by leveraging AI and iterative testing to provide brands with consumer feedback and insights that accelerate market launches.

Heli Holttinen, PhD - Founder & CPO

Visibuilt

Revolutionary technology for road construction which replaces harmful substances with earth-friendly materials in asphalt.

The technology reduces energy consumption and CO2 emission during manufacturing.

Line Kloster Pedersen - Founder & CEO