When was Nordic Makers founded?

Nordic Makers was founded in 2016.

Where is Nordic Makers' headquarters located?

Nordic Makers' headquarters is located in Copenhagen ( Denmark ).

How big is Nordic Makers' investment team?

Nordic Makers has a team of 12, including 9 partners.

How many companies has Nordic Makers invested in?

Nordic Makers has invested in 74 companies, including Donkey Republic & Delivery Hero.

Which companies has Nordic Makers invested in lately?

Pluto & Hyme are the latest investments by Nordic Makers.

What sectors does Nordic Makers focus on for investments?

Top sectors in Nordic Makers' portfolio are Enterprise Applications (31 investments) and High Tech (18 investments).

What stages of companies does Nordic Makers typically invest in?

Nordic Makers primarily invests in Seed and Series A stages.

Nordic Makers - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

Q: How many exits has Nordic Makers been involved in?

Nordic Makers' portfolio has seen 3 IPOs and 19 acquisitions.

Nordic Makers is a venture capital firm founded in 2016. It is primarily based out of Copenhagen, Denmark. As of Feb 2024, Nordic Makers has invested in 74 companies. It primarily invests in Seed round in Denmark based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it led the Undisclosed Seed round of Fresto along with Vaekstfonden.

Overall, Nordic Makers portfolio has seen 3 IPOs and 19 acquisitions including key companies like Donkey Republic, Delivery Hero and Zendesk. A lot of funds co-invest with Nordic Makers, with names like Klaus Nyengaard sharing a substantial percentage of its portfolio.

Nordic Makers has team of 12 people including 9 partners.

Key Metrics

Team Members

Alexander Aghassipour, Thomas Madsen-Mygdal & 10 more

Portfolio Count

Donkey Republic, Delivery Hero & 72 more

Portfolio Sectors

Enterprise Applications, High Tech & 25 more

Portfolio Locations

Denmark, United States & 8 more

Rounds of Entry

Seed, Series A & 4 more

Portfolio IPOs

Donkey Republic, Unity & 1 more

Portfolio Acquisitions

November First ®, Zendesk & 17 more

Portfolio Soonicorns

Clue, Spotahome & 3 more

Nordic Makers has a portfolio of 74 companies. Their most notable investments are in Cylindo and Bookboon.Their portfolio spans across Denmark, United States, Sweden and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 24 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Nordic Makers:

1. Donkey Republic

Donkey Republic is an app-based platform for bicycle rental. Users can book a bike online and unlock it from phone. It primarily serves Copenhagen. Bicycle rental operators can list and join DonkeyRepublic as partners. The rented bike are fitted with a digital lock that can be unlocked with an offline phone. The bike has to be returned to the same rental hub it was picked up from. The mobile app is available for both Android and iOS devices.

Key facts about Donkey Republic

Founded Year: 2012
Location: Copenhagen (Denmark)
Stage: Public
Total Funding till date: $1.02B
Employee Count: 88 as on Nov 30, 2024
Investors: Vaekstfonden, Nordic Makers and 12 Others
Latest Funding Round: Post IPO, Apr 08, 2024, $3.25M
Highlight: Public

2. Delivery Hero

Platform offering food ordering and delivery services. Its marketplace enables users to provide online food delivery services from restaurants and cafes. The platform provides services for the delivery of flowers, medicines, gifts, packages, and e-commerce.

Key facts about Delivery Hero

Founded Year: 2010
Location: Berlin (Germany)
Annual Revenue: €9.94B as on Dec 31, 2023
Stage: Public
Total Funding till date: $1.8B
Employee Count: 47,981 as on Dec 31, 2023
Investors: General Atlantic, Lead Edge Capital and 42 Others
Latest Funding Round: Post IPO, Jan 07, 2021, $1.48B
Highlight: Public

3. Zendesk

Cloud based customer service and engagement platform for businesses. The platform integrates with the helpdesk backend systems and streamlines customer support with ticket views, triggers, and automation using products such as help center, insight, and analytics. It provides self-service solutions by leveraging a knowledge base and community forums.

Key facts about Zendesk

Founded Year: 2007
Location: San Francisco (United States)
Annual Revenue: $1 - $1M
Stage: Acquired
Total Funding till date: $85.5M
Employee Count: 63 as on Sep 30, 2024
Investors: Goldman Sachs, IVP and 20 Others
Latest Funding Round: Post IPO, Jun 12, 2020, $1B
Highlight: Acquired

4. Unity

Game creation platform for game developers. It enables game developers to develop 2D, 3D, VR, and AR games. These games can be developed for mobile gaming, PC, and consoles. The company offers animation production solutions for the film and TV industry. The manufacturing industry can use the platform to depict the life cycle of the product in a 3D version.

Key facts about Unity

Founded Year: 2004
Location: San Francisco (United States)
Stage: Public
Total Funding till date: $894M
Employee Count: 7,703 as on Dec 31, 2022
Investors: HTIF, CPP Investments and 50 Others
Latest Funding Round: Post IPO, Jan 03, 2025
Highlight: Public

5. Adzuna

Online job board for multiple industries. The platform allows candidates to search and apply for jobs by creating a profile, and get interviewed. It also allows the recruiter to post jobs, shortlist candidates, schedule interviews, and hire. It provvides AI tools for interview preparation. It also offers an app based platform that is available on iOS and android devices.

Key facts about Adzuna

Founded Year: 2011
Location: Minneapolis (United States)
Annual Revenue: £16.5M as on Jun 30, 2019
Valuation: £64.5M as on Jul 04, 2023
Stage: Seed
Total Funding till date: $283K
Investors: Index Ventures, Nordic Makers and 29 Others
Latest Funding Round: Seed, Jul 04, 2023, $158K
Highlight: Editors' Pick

Want to see the entire list?

Nordic Makers has invested in 74 companies over the last 11 years, with an average of 2 new investments annually in the last 10 years. In 2024, it made 1 investment. Its most recent first time investment was in Pluto and most recent follow-on round was in Cognigy.

Here are Nordic Makers' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	0	0	0
2024	1	0	1
2023	1	0	1
2022	1	0	1
2021	1	1	2
2020	3	0	3
2019	4	1	5
2018	4	1	5
2017	6	1	7
2016	3	0	3

View all investments by Nordic Makers

Get Nordic Makers' portfolio delivered to your inbox!

Nordic Makers has made 16 investments in Seed stage with an average round size of $1.87M, 5 investments in Series A stage with an average round size of $10.7M and 1 investment in Angel stage with an average round size of $3.6M.

Here are Nordic Makers' investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	16
Series A	5
Angel	1
Series B	1
Series C	1
Others	1

View all investments by Nordic Makers

Nordic Makers has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, EdTech, FinTech and Vertical SaaS. Notably, it has invested in 66 Tech companies, 46 Enterprise (B2B) companies, 39 Software companies and at least 30 companies focusing on Consumer (B2C).

Here are Nordic Makers' investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Enterprise Applications	12
High Tech	8
EdTech	4
FinTech	4
Vertical SaaS	4
Others	36

View all investments by Nordic Makers

Nordic Makers has made most investments in Denmark (10), followed by United States where it has made 5 investments.

Here are Nordic Makers' investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
Denmark	10
United States	5
United Kingdom	3
Germany	2
Norway	2
Others	4

View all investments by Nordic Makers

Nordic Makers has not made any investment in 2025 so far.

Here are the most recent investments by Nordic Makers:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Feb 07, 2024	Pluto	Denmark	Seed	$2.6M	Magnetic
Dec 01, 2023	Hyme	Denmark	Series A	$8.74M	Heartland [+3]
Jul 01, 2022	Fresto	Denmark	Seed	Undisclosed	Vaekstfonden
Jun 02, 2021	Cognigy	Germany	Series B	$44M	Insight Partners [+3]
Mar 19, 2021	CluedIn	Denmark	Series A	$20.5M	Dawn Capital [+1]

Get the detailed list of all investments by Nordic Makers. Download now!

See more recent investments made by Nordic Makers

3 of Nordic Makers' portfolio companies have become public. Donkey Republic got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2021 and Unity got listed on the New York Stock Exchange (NYSE) at marketcap of undefined.

Here are Nordic Makers' portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Donkey Republic	May 28, 2021	-	-	-
Unity	Sep 18, 2020	-	-	-
Delivery Hero	Jun 30, 2017	-	-	-

View more details about public companies in Nordic Makers' portfolio

19 companies from Nordic Makers' portfolio have been acquired. The most recent acquisition were November First ® in Sep 2024 by Visma.

Here are Nordic Makers' portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
November First ®	Sep 2024	-	-	-
Zendesk	Jun 24, 2022	-	-	-
Confrere	Jun 07, 2022	Sep 09, 2018	Seed	$1.5M
Findify	May 26, 2022	-	-	-
Bookboon	May 18, 2022	Mar 01, 2017	Unattributed	Undisclosed

View all acquired companies in Nordic Makers' portfolio

Nordic Makers has a team of 12 members including 9 Partners located in Denmark, United Kingdom and 1 more locations. Nordic Makers' team sits on the board of 1 company.

Here is a list of top team members in Nordic Makers:

Name	Designation	Location	Board Memberships	Contact details
Alexander Aghassipour	Partner	Copenhagen	-	-
Thomas Madsen-Mygdal	Partner	Copenhagen	-	1 Email
Moaffak Ahmed	Partner	United Kingdom	-	1 Email
Michael Seifert	Partner	Denmark	-	-
Esben Gadsboll	Partner	Copenhagen	-	1 Email
Martin Von Haller Groenbaek	Partner	Copenhagen	-	1 Email, 1 Phone number
Lars Floe Nielsen	Partner	Copenhagen	-	-
Klaus Nyengaard	Partner	Copenhagen	ChurchDesk and Shipbeat	-
Nima Sophia Tisdall	Partner	Copenhagen	-	-
Edwin Cheon	Analyst	Norway	-	1 Email

Get the full list of Nordic Makers' team & partners for free. Download now!

View team details of Nordic Makers

Over the past 11 years, 178 investors have co-invested in Nordic Makers's portfolio companies.

Invested before Nordic Makers: Charlotte Street Capital, Gabriel Leupin and 13 others have invested in rounds before Nordic Makers. There are 1 company where Charlotte Street Capital has invested before Nordic Makers and 1 company where Gabriel Leupin has invested before Nordic Makers.
Top Co-investors of Nordic Makers: 102 investors entered a company along with Nordic Makers. These include investors like Klaus Nyengaard (2 companies).
Invested after Nordic Makers: A total of 61 investors have invested in Nordic Makers's portfolio after their investments. Top Investors include European Union (3 companies), Byfounders (3 companies) and Vaekstfonden (3 companies).