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NordicNinja VC

Europe, England, United Kingdom, London

Description

NordicNinja VC is a prominent European venture capital firm, uniquely positioned as the largest Japan-backed VC fund in the region. Launched in 2019, the firm established its initial fund, NordicNinja VC I, with a substantial €101 million (approximately $109 million) to invest in promising startups across Northern Europe. Headquartered in London, with a strong presence in the Nordic and Baltic tech ecosystems, NordicNinja leverages its strategic ties to Japan to offer portfolio companies not only capital but also access to Asian markets and expertise.

The firm primarily targets B2B deep technology, SaaS, and sustainability-focused companies, identifying ventures with strong intellectual property and significant growth potential. NordicNinja typically engages in Series A and Series B funding rounds, aiming to support companies ready for scaling. Their initial investment cheques generally range from €1 million to €10 million (approximately $1.08 million to $10.8 million), demonstrating a capacity to lead or co-lead significant early-growth rounds. Beyond capital, NordicNinja emphasizes providing hands-on support, leveraging its network and operational experience to help founders navigate expansion challenges.

Building on the success of its first fund, NordicNinja VC closed its second fund, NordicNinja VC II, at an impressive €250 million (approximately $270 million) in 2023. This significant increase in capital allows the firm to make larger initial investments and provide more substantial follow-on funding, up to €20 million, enabling portfolio companies to accelerate their global ambitions. With its deep roots in the Nordic and Baltic regions and its unique bridge to Japan, NordicNinja VC continues to be a key player in fostering innovation and scaling disruptive technologies from Northern Europe onto the global stage.

Investor Profile

NordicNinja VC has backed more than 34 startups, with 4 new investments in the last 12 months alone. The firm has led 18 rounds, about 53% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in Sweden, Finland, Estonia.
  • Strong thematic focus on Artificial Intelligence (AI), Information Technology, Electric Vehicle.
  • Led 4 rounds in the past year.
  • Typical check size: $1.1M – $10.8M.

Stage Focus

  • Series A (35%)
  • Series B (26%)
  • Seed (15%)
  • Series Unknown (9%)
  • Series C (9%)
  • Convertible Note (3%)
  • Series D (3%)

Country Focus

  • Sweden (35%)
  • Finland (21%)
  • Estonia (15%)
  • United States (9%)
  • United Kingdom (6%)
  • Lithuania (6%)
  • Germany (6%)
  • The Netherlands (3%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Information Technology
  • Electric Vehicle
  • Transportation
  • Apps
  • Logistics
  • Software
  • Virtual Reality
  • Saas
  • Augmented Reality
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does NordicNinja VC frequently co-invest with?

Startup Wise Guys
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 3
Stena Sessan
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Norrsken VC
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 5
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 4
Inbox Capital
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 3
Superangel
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 3
T
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 3
Tesi
Europe, Southern Finland, Finland, Helsinki
Co-Investments: 3
EQT Ventures
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 6
Mosaic Ventures
Europe, England, United Kingdom, London
Co-Investments: 3

Which angels does NordicNinja VC often collaborate with?

EC
North America, Texas, United States, Houston
Shared Deals: 1
AA
North America, New York, United States, New York
Shared Deals: 1
David Baszucki
North America, California, United States, San Mateo
Shared Deals: 1
SK
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
JK
North America, California, United States, San Francisco
Shared Deals: 1
RC
North America, California, United States, San Francisco
Shared Deals: 1
RZ
Europe, England, United Kingdom, London
Shared Deals: 1
HA
North America, California, United States, San Francisco
Shared Deals: 1
AS
Europe, Nordrhein-Westfalen, Germany, Düsseldorf
Shared Deals: 1

What are some of recent deals done by NordicNinja VC?

Lightyear

London, England, United Kingdom

Lightyear is a digital investing platform that provides access to global equity markets, money market funds, and multi-currency savings.

FinanceFinancial ServicesFinTechPersonal Finance
Series BJul 24, 2025
Amount Raised: $22,964,687
CorPower Ocean

Stockholm, Stockholms Lan, Sweden

CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WEC).

EnergyRenewable EnergyService Industry
Series BJul 7, 2025
HIVED

London, England, United Kingdom

Hived is a supply chain, logistics, and delivery company offering a sustainable parcel delivery service.

Delivery ServiceLogisticsSupply Chain Management
Series BJul 3, 2025
Amount Raised: $42,363,848
SeeQC

Elmsford, New York, United States

SeeQC is a semiconductor company that develops quantum computing systems and offers chip fabrication services to businesses.

ElectronicsInfrastructureManufacturingQuantum ComputingSemiconductor
Series AJan 14, 2025
Amount Raised: $30,000,000
tozero

Munich, Bayern, Germany

Recycling lithium-ion batteries.

BatteryRecycling
SeedNov 12, 2024
Amount Raised: $11,678,299
CorPower Ocean

Stockholm, Stockholms Lan, Sweden

CorPower Ocean AB was founded in 2009 to develop high efficiency Wave Energy Converters (WEC).

EnergyRenewable EnergyService Industry
Series BOct 16, 2024
Amount Raised: $34,748,238
VSPARTICLE

Delft, Zuid-Holland, The Netherlands

VSPARTICLE develops nanoparticle generators for various applications such as sensors, batteries, catalysis, solar cells, and more.

Health CareLife ScienceNanotechnologyRenewable EnergySensor
Series AAug 8, 2024
Amount Raised: $7,109,816
LiveEO

Berlin, Berlin, Germany

LiveEO provides earth observation technologies and solutions.

AnalyticsArtificial Intelligence (AI)Asset ManagementSaaS
Series BJun 25, 2024
Amount Raised: $26,836,992
Onego Bio

Helsinki, Southern Finland, Finland

Onego Bio is a food-based biotechnology company that produces animal-free egg white protein through precision fermentation.

BiotechnologyFood and BeverageManufacturing
Series AApr 2, 2024
Amount Raised: $30,000,000
Griffin

London, England, United Kingdom

Griffin is a banking-as-a-service provider that helps companies build and launch financial services products.

BankingFinanceFinancial ServicesFinTechIaaSInternetSaaS
Series AMar 11, 2024
Amount Raised: $24,354,759