Ten years ago, a €1 million raise in Copenhagen was a headline. It signaled ambition, a bet on the future. Today, that kind of funding barely registers. The Nordics – a region once known for its design and social welfare – are quietly churning out tech giants.
Consider Lovable. Just twelve months after its launch, the company hit $200 million in revenue. That’s not an outlier, either. The ecosystem has shifted. Where once success was measured in local impact, now it’s about global scale. The ambition is different.
Dennis Green-Lieber, founder of Propane, an AI-powered customer intelligence platform, has witnessed this evolution firsthand. He’s seen the shift in mindset, the influx of capital, the sheer velocity of it all. “The speed at which companies are scaling is remarkable,” he notes, describing a landscape where innovation and execution are valued at a premium.
The transformation isn’t just about the money, though that’s a key indicator. It’s about the shift in perspective. Startups are no longer content with regional dominance; they’re aiming for global markets from day one. This ambition is fueled by a confluence of factors: a highly educated workforce, government support for innovation, and a culture that embraces risk.
This new reality changes everything. It changes the way investors approach the region, the way talent sees opportunity, and the way the world perceives the Nordics. The quiet hum of a tech revolution, once barely audible, is now a roar. And it’s only getting louder.
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