Creandum: 9% of companies with billion-dollar annual revenue come from the North

According to the venture fund Creandum, 9% of the world’s largest corporations producing software or games are located in the northern part of Europe.

The authors of the study include Sweden, Denmark, Norway and Finland to the northern part of Europe. They claim that despite the fact that the population of these countries is only 3% of the population of Europe, it is there that a large number of companies with billions in annual revenue are being created – the so-called “unicorns”. As an example, Creandum is called Skype, Spotify, Supercell, MySQL, Unity, Mojang, Zendesk, King, and so on.

A graph showing the number of unicorn companies in the Nordic countries (Sweden, Denmark, Norway and Finland) from 2000 to 2014
In addition, 11% of the largest venture funds in Europe come from the northern part of Europe.

Despite the fact that large companies often “leave” for the United States and other countries after mergers and acquisitions – 34% of “unicorns” still remain in the North.

According to the authors of the study, all of the above makes the northern region of Europe attractive from an investment point of view.

Other materials on the topic:

• Applications for participation in the Stugan initiative are openVeterans of the Swedish game industry will help novice developers
• Creandum is a venture investment fund.

Specializes in investments in software companies, mobile games, and so on.