In the Nordic region, a quiet but powerful shift is underway. Scale-ups-businesses that have moved past the startup phase and are now accelerating their expansion-are no longer just shaping local economies. They are setting their sights on global markets, transforming industries from technology to healthcare, from green energy to advanced manufacturing.
The Nordic region has always been a hub for disruptive businesses, and the numbers reflect that momentum.
• Scale-ups drive 80% of new job creation in the Nordics, according to Nordic Innovation.
• In 2023 alone, Nordic startups secured over €6.4 billion in venture capital, setting a record for the region.
• Yet, nearly 40% of Nordic scale-ups cite securing investment as their biggest challenge, according to a European Investment Bank (EIB) study.
These companies are built on innovation, but growth at scale requires more than ideas-it demands capital, strategic networks, and a clear path to international markets. Securing funding is just the start; the real challenge is translating it into sustained, competitive expansion.
This is where GWX makes a difference.
GWX works at the intersection of investment, strategy, and growth acceleration. It is not just about investments-it is about guiding scale-ups through the challenges of expansion, ensuring they have the resources and networks to succeed beyond their home markets.
• More than financial backing, GWX aligns investment with long-term business objectives.
• Connecting scale-ups with industry leaders, mentors, and collaborators to accelerate global expansion.
• No two companies scale the same way. GWX develops customized roadmaps that ensure sustainable and competitive growth.
The Nordic Scale-Up Index shows that companies with strong strategic partnerships are 2.5 times more likely to achieve accelerated growth. GWX understands this, working closely with founders and leadership teams to ensure that capital is not just raised, but used effectively to drive long-term success.
Sustainability is not a secondary goal in the Nordic region-it is a competitive edge. Over the last five years, more than €2.6 billion has been invested in green technology and sustainable businesses. The region is setting global standards in clean energy, circular economies, and responsible innovation.
GWX recognizes that scaling a business should not come at the expense of sustainability goals. From electric mobility to renewable energy solutions, it ensures that scale-ups can expand while remaining true to their environmental and social commitments.
The success of this approach can already be seen in the accomplishments of companies like a Finnish medtech startup supported by GWX. Thanks to over €15 million in investment and key strategic partnerships, the company was able to expand internationally and bring its cutting-edge solutions to a wider audience-proving how the right partnerships can take businesses to the next level.
The European Commission has highlighted the Nordic countries as frontrunners in the transition to a low-carbon economy. GWX’s role is to ensure that the businesses driving this shift get the right resources to scale globally, without compromising their vision.
The world is shifting, and the companies that will define the next era of business are being built today. Nordic scale-ups are not just growing; they are setting new standards for innovation, sustainability, and impact.
But even the most promising companies need the right partners to navigate what comes next. GWX is committed to ensuring that Nordic scale-ups do not just expand, but thrive-on their own terms, with the right strategies, and at a global scale.