Graphical dispaly of nominees for ScaleUp awards per country

Six finalists ready for Nordic Scalers Award 2026

These six finalists from a pool of 36 represent the pinnacle of Nordic capital efficacy, deep-tech, defensibility, and a clear profitability trajectory. The winner will be announced in Stockholm on May 28.
Published: Updated:

“The nominees are the most interesting and highly valued companies today because they are either scaling profitably or dominating complex, deep-tech moats that are hard for competitors to duplicate. These six finalists as the absolute pinnacle of Nordic performance for 2026” says Sindre Bornstein CEO of Nordic Innovation. 

These are the six nominees:

Flatpay (Denmark)
Yazen (Sweden)  
Lunar (Denmark)
Treble.tech (Iceland)  
IQM Quantum (Finland)
Two inc (Norway)

Nordic Innovation defines a scaleup as a company with a minimum annual revenue of EUR 2 million, at least 10 employees, and an annual growth rate of at least 20 percent over the past three years. 

Nordic Scaleup Award is organized by Dagens Industri in cooperation with Nordic Innovation. Epicenter is responsible for recruitment of companies for Nordic Scaleup Awards 2026. 

The jury:

Hanna Viinikainen, Partner, Juuri Partners 
Arne Tonning, Partner, Alliance VC 
Freyr Friðfinnsson, Key Account Manager - Industries and IP,  
Federation of Icelandic Industries 
Anne-Louise Thon-Jensen, Partner and co-founder of SDG Invest and Vår Ventures 
Emil Sunvisson, CEO, Qred Bank (Winner of Nordic Scaler Award 2024)

Background

Nordic Scaleup Award is supported under the Nordic Growth and Capital Attraction program.

Read more about Nordic Scaleup Award here

Contacts

Portrait of Senior Innovation Adviser Ville Mäkinen

Ville Mäkinen

Senior Innovation Adviser
+4748259971
ville.makinen@nordicinnovation.org
Ville has broad experience in strategy, business development and corporate venture capital roles in industrial corporations striving towards green transition. He has also worked in corporate finance advisory. He holds M.Sc in Industrial Engineering and Management as well as M.Sc in Accounting and Finance.

Lena Henriksson - Head of Communication

Lena Henriksson

Head of Communication
+4791138654
L.Henriksson@nordicinnovation.org
Visionary change maker who believes in a good strategy. Combined communication and marketing expert with working experience from the broadcasting businesses Swedish Radio and UR. Walked from Media to Business and became responsible for marketing, corporate communication and PR in startups and institutes. Interested in making a difference with great communication.

 

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