Ten years ago, a €1 million raise in Copenhagen could make a splash. That was the benchmark, the thing that made you a player in the Nordic tech scene. Now? The Nordics are churning out billion-dollar companies. Take Lovable, for example. They hit $200 million in revenue just 12 months after launching. It’s a different game.
Dennis Green-Lieber, founder of Propane, an AI-powered customer intelligence platform, has a front-row seat to this shift. He’s watched the landscape transform, seen the ambition grow. “The mindset has changed,” Green-Lieber observes. “Founders are thinking bigger, aiming higher. And investors are ready to back them.”
What changed? Well, a lot. The ecosystem matured. More experienced founders emerged, bringing with them a network of knowledge and a willingness to take calculated risks. Money flowed in, too. Venture capital firms, both local and international, recognized the potential and started writing bigger checks. The success of early Nordic tech giants like Spotify and Skype validated the region’s talent and its ability to build global companies.
The rise of AI has played a role, too. The Nordics have always been strong in engineering and design, and now they’re applying those skills to cutting-edge technologies. Propane itself is a testament to this, using AI to help companies understand their customers better. It’s a sign of the times: smarter tech, bigger ambitions, and a willingness to push boundaries.
It’s not just about the money, though that helps. It’s about the belief that anything is possible. It’s about a new generation of founders who aren’t afraid to swing for the fences. The air feels different here now. You can almost feel the electricity.
About the Author
