The investment numbers compared the region Malmö/Lund/Helsingborg (population: 586 000) with Oslo, Copenhagen, Helsinki/Espoo, and Stockholm - of which Malmö/Lund/Helsingborg has the smallest population.
The Malmö region had a total of 78 investments in 2016, behind Copenhagen with 98 and Stockholm in the lead with 247. The traction in Malmö's startup ecosystem is often accredited to the "Malmö model", which is based on having a strong community of entrepreneurs and startups helping each other grow.
View the mapping of investments in the Nordics
"We see the Malmö model in action all the time," says Jeremie Poirier, co-Head of Malmö Startups. "Just last week when Atomico visited, we arranged meetings with several startups, some of whom came back to us with suggestions of more startups the VC firm should meet."
Most of the investments were made in Health & Wellness and in e-commerce. The health and wellness investments could be partially attributed to the research and health clusters based in Lund. One possible contributor to the e-commerce would be Helsingborg, standing as having the second largest port in Sweden.
The list of investors displayed both regional and national players, but also shows international investors investing in the region, including Sequoia, Atomico, Playfair Capital and more. The region's community building organisation, Malmö Startups predicts more and larger investments coming in 2017 and beyond.
"We are already seeing a rise in visits from venture capital firms to Malmö this year, partially because our ecosystem had a high number of small investments last year," says Jeremie Poirier, co-Head at Malmö Startups.
"This means that within 12-18 months from now, those funded startups will be raising their next round of investment, so VC firms that come to the region this year will be in on potentially great deals."
The mapping was initiated by the regional investment promotion agency Invest in Skåne and Malmö Startups, analytics were provided by the Nordic Web.
For more information, please contact:
Head of Business Unit, Technology Commerce and Property, Invest in Skåne
Mobile +46 768 87 14 63
Co-Head, Malmö Startups
Mobile +46 73 371 01 27