How Do the Nordics Stack Up Against Global Competitors? & What’s New in Climate Tech?
These were two key topics our Partner, Hugo, discussed at last week’s Nordic Fintech Week, among others alongside Stina Söderqvist, Head of Product Science at our portfolio company Doconomy.
Here are his key takeaways:
◾ The Nordics are in a strong position to lead the next wave of fintech and climate tech success. According to Sifted, in 2023, six of the ten biggest funding rounds in the Nordics were for climate tech startups.
◾ According to Hugo, their ecosystem is vibrant and incredibly supportive which makes it an ideal spot to found a fintech company.
◾ At Motive Ventures, we see strong potential in the Climate Tech sector. The global green finance market is projected to grow to $5 trillion by 2025. Additionally, fintech solutions that focus on carbon tracking, sustainability reporting, and ESG compliance are increasingly in demand, with investments in climate tech solutions rising by 210% over the last five years.
We are proud to have rising climate tech companies such as Doconomy and certified B Corps like Novata in our portfolio and look forward to further expanding and strengthening this key focus area.
#NFW #Motiveventures #ClimateTech