The Nordic startup ecosystem has surged to a valuation of $552B, growing significantly over the past decade. In 2024, the region boasts 82 unicorns, up from 9 in 2014, and has raised $3.8B in VC funding, primarily from international investors, with energy and enterprise software leading investments. As the ecosystem continues to expand, over 100 VC-backed exits are anticipated this year. Notable companies include Stegra, Adcendo ApS, and Oura, each securing substantial funding and creating job opportunities. HSBC’s Sebastian Penn emphasizes the resilience and potential of the Nordic innovation economy amidst changing conditions.