Year of Establishment 2011
Home Denmark
Specialty Reward-based Crowdfunding
Total number of successful campaigns* 470
Campaign success rate* 35%
Highest sum raised* DKK 314.000 (approx. EUR 42.430) (Copenhagen Boulders)
*as per July 2015. was established in 2011 by Michael Eis, a passionate entrepreneur who was inspired by news about emerging crowdfunding platforms in America. Today, is the first and largest reward-based crowdfunding platform in Denmark where entrepreneurs, artists, associations and other creative entrepreneurs can raise money to realize their ideas and projects through financial support from individuals – in own and new networks.

An avid promoter of crowdfunding in Denmark, Michael also established the Danish crowdfunding Association lobbying across the nation for regulatory amendments to Danish law, paving the way towards proper legalization of equity crowdfunding in Denmark.


Year of Establishment 2011
Home Finland
Specialty Equity-based Crowdfunding
Total number of successful campaigns* 40
Campaign success rate* 41,7%
Highest sum raised* EUR 1.037.385 (Cityvarasto – Storage Service Company)
*as per July 2015.

Established in 2011 2012 by a group of friends in Finland, is a pioneering equity-based crowdfunding platform in Northern Europe. As such, the firm aims to help solving many of the difficulties and delays associated both with raising funds and investing in new ventures.

Today, it provides an online investment matching service where entrepreneurs looking to raise equity financing can easily connect with investors who are seeking to discover and invest in exciting new startups and growth companies from Northern Europe. Thanks to its technology, Invesdor facilitates and speeds up the investment process while preserving full customization and control for the individual entrepreneur and investor.

In April 2015 Invesdor was granted MIFiD license from the Finish Financial Authority, becoming the first crowdfunding platform in Europe to receive an EEA-wide license to boost cross-border equity crowdfunding in Europe.

Year of Establishment 2012
Home Finland
Specialty Reward-based Crowdfunding
Total number of successful campaigns* 72
Campaign success rate* 70,9%
Highest sum raised* EUR 31,746 (NEW RUN – Pekka Hyysalo – Film Production)
*as per July 2015.

Established in 2013 by a group of friends in Finland, is a crowdfunding service focusing on reward-based crowdfunding supporting both business and the arts.’s concept was enthusiastically received, eventually forcing the firm to launch the first campaigns much earlier than originally envisioned.


Karolina Fund

Year of Establishment 2012
Home Iceland
Specialty Reward-based Crowdfunding
Total number of successful campaigns* 95
Campaign success rate* 77,4%
Highest sum raised* EUR 45.520 (Stundin - Newspaper)
*as per July 2015.

Established in 2012 by a group of friends in Iceland, is a crowdsourcing and crowdfunding community. It is a social platform, on which creators can obtain funding from the crowd, and others can invest, create, interact and/or offer their services and expertise.

The Karlolina Fund platform is developed on a vision of going beyond offering access to finance, and through the connection of crowdfunding, crowdsourcing and effective project management. Accordingly, its user interface is managed through an innovative project management tool designed for the effective management, structuring, and development of ideas. A tool allowing all users involved in a project to participate in its realization by contributing to budget estimations, the establishment of to-do lists, and rendering the promised service. Pooling their know-how on the platform in an exciting, game-like feeling, all participants can communicate and work together to make the project a success.


Year of Establishment 2012
Home Norway
Specialty Reward-based Crowdfunding
Total number of successful campaigns* 66
Campaign success rate* 35,7%
Highest sum raised* NOK 134,153 (approx. EUR 15,245 ) (Donation Cause)
*as per July 2015.

Established in 2012 by a group of friends in Norway with a visions of helping entrepreneurs in Norway succeed by offering a platform (originally known as Fønd) for idea realization and direct market feedback. As such, the platform provides entrepreneurs with an opportunity to raise capital, commercialize and market-test their products and services, as well as establishing a network for future growth. In Fall 2014, Fønd was re-launched as “” with an expanded scope of Crowdfunding services and segments.

University of Agder – Center for Entrepreneurship

Established in 2005, the UiA Center for Entrepreneurship has served as the backbone of Entrepreneurship education and research at the University of Agder in Norway.

Its goals are to stimulate entrepreneurship and entrepreneurial skills among those educated at the University of Agder, conduct world class entrepreneurship research, and support the entrepreneurial eco-system at the local, regional, national and international levels.

Today, the center is responsible for training close to 350 Norwegian and international students annually through its rich portfolio of entrepreneurial education programs at the bachelor, masters and PhD levels. These include the Grunder Lab and Internationalization Lab flagship programs in partnership with Innovation Norway.

Moreover, as per 2014, the center has processed over 300 entrepreneurial projects and business plans, 170 of which in collaboration with real ventures and entrepreneurs.

Working tightly with dozens of more and less struggling entrepreneurs every year, it was made clear that more action was needed for creating alternative sources of early seed funding for early stage ventures. Identifying Crowdfunding as one potential and critical remedy for such challenges, the Center of Entrepreneurship took the initiative of building a Nordic consortium for the promotion of crowdfunding in the Nordics, and the build-up of a thriving Nordic crowdfunding community.



Nordic Innovation

Nordic Innovation is a Nordic institution working to promote cross-border trade and innovation. Working under the auspices of the Nordic Council of Ministers, Nordic Innovation is a key player in implementing the Nordic trade, industry and innovation partnership programme. Our mission is to generate increased value creation through cross-border co-operation. Nordic Innovation aims to reach its target groups by creating partnerships between leading Nordic public and private sector institutions in the fields of trade and innovation.