State of Nordic
Impact Startups

73% of the investment into Green Growth goes to
companies working in the Energy & Utilities sector.

Impact startups receive 25%
more job applications than
non-impact startups

VC investment into Green
Growth startups 12x since 2016

By shedding light on 11 myths about impact and green startups we want to
help accelerate the progress of the Nordic impact startup ecosystem.
Predictably, not all myths hold true.

2021 Highlights

Based on data from 1.230 Nordic impact startups and 1.365 funding rounds.


A comprehensive and comparative picture of the ecosystem of Nordic impact startups.

Trend Analysis

Detailed assessments over several years provide strong indicators of trends in the scene.


A total of 11 myths and statements about Impact startups are analyzed and answered.

Investor’s Perspective

From VC’s and Angel investors to Growth banks and Public funding, all perspectives are covered.

Discover Previous Reports

Researching, publishing data driven authentic reports since 2018
Nordic Impact Startups
May 2021
The State of
Nordic Impact
May 2020
The State of
Nordic Impact
May 2019
Insights Report:
Impact Startups
July 2018