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Nordic startups are achieving significant success with larger investments compared to a decade ago. Lovable, a Nordic company, reached $200M in revenue within a year of launching. Founders like Dennis Green-Lieber highlight the region’s social safety net as a key factor enabling bold ventures. This environment allows entrepreneurs to focus on growth without personal financial risk. The Nordic model is outpacing Silicon Valley in startup acceleration due to these advantages.
Key facts
- Nordic startups now secure substantial funding, surpassing past benchmarks.
- Lovable achieved $200M in revenue just 12 months after its launch.
- The region’s social safety net reduces personal financial risk for founders.
- Nordic entrepreneurs are outperforming Silicon Valley in scaling speed.
- Dennis Green-Lieber credits Europe’s support systems for startup success.
