Nordic Angels
Building a community-led product from scratch connecting angel investors in the Nordic startup ecosystem
A Social Media platform empowering Nordic innovation through angel investment.
Nordic Angels is a collaborative angel investment network dedicated to strengthening the Nordic startup ecosystem by connecting investors with startups. The platform offers investment and networking features, along with resources and events designed to enhance investor involvement and drive results in the Nordic region.
Process
Lean Startup
Design Thinking
Continuous Delivery
Rapid Development
Product Stage
Early stage
Nordic Angels in numbers
Challenge
Creating a next generation investment platform
Ash Pournori and Andreas Grape envisioned a social networking product to connect investors, as well as to unlock easier communication and deal-flow for investors. They needed a tech partner experienced in building FinTech and Social Networking platforms.
The product vision was aimed to create a seamless investor experience, solve portfolio management issues, find relevant investors for specific deals, enable co-investment with high trust, as well as to unify the investment community in a single platform - something missing on the market at that point of time.
“Let’s do it!” was our response.
Solution
Strategic partnership
After our initial meetings with the founders, we decided to invest in Nordic Angels at the pre-seed stage and form a strategic partnership.
Next step? Assembling a strong core team to develop the next-generation investment platform and community for investors.
Design and Discovery phase
To refine the product vision and requirements, we formed a product trio consisting of a Product Manager, Tech Lead, and Designer.
Starting from an existing Figma prototype, the team redesigned, prototyped, and validated a new solution for a community mobile app to facilitate investor connections and collaboration.
We went with a lean architecture with a full-stack JavaScript/TypeScript stack on MongoDB to ensure speed and efficiency in this phase.
MVP development - Mobile-first
Nordic Angels launched as an invite-only social network mobile app, quickly attracting thousands of signups and achieving high user NPS scores.
The app, built with React Native and a Node.js/NestJS backend on top of MongoDB, featured deal-sharing - a custom social networking architecture to provide a platform for investors to connect with each other in a simple way.
Web app and Integrations
Based on user feedback, we moved forward by developing a web app with enhanced features like easier deal-sharing, improved social networking functionalities, and news.
Integrations, including one with the portfolio management platform Swimbird, were added to allow investors to track their portfolios directly from the app.
Tech Stack
- React
- TypeScript
- styled-components
- MongoDB
- NestJS
- OpenAPI
- React Native
- Google Cloud
- Elixir
- Postgres
Where are we at now?
With an ambitious vision, Nordic Angels has expanded beyond Sweden to establish local communities and events across the Nordics.
Four years after inception, we remain a vital part of the core team, driving an ambitious tech agenda to accelerate the product roadmap even more.
The product and community have grown to become the most significant and fastest-growing investor network in the Nordic region. As we did from day one, we continue to provide strategic support and advisory services, actively supporting the founders in building an extremely valuable company and community platform for the future.
The team at Nordic Angels is making major moves
The state of European Angels
In cooperation with Boston Consulting Group (BCG), Nordic Angels created a deep dive report into the angel investment climate of Europe - first of its kind.
"We examine the European startup landscape through the lens of a particular group of ecosystem participants: angel investors. Angels play a significant role in not only funding innovation, but also in mentoring startup founders and creating a supportive community."
Angel Prize
Angel Prize is an invitation-only gathering of thought leaders within the Nordic startup and scaleup ecosystem. This gala brings together active leaders, showcasing representatives from all major regions.
Check out their website and be sure to attend the next event. It’s an a-maazing platform for networking and collaboration!Andreas Grape
Founder & CEO, Nordic Angels
We only work with the best out there. MOP has, with its team of highly talented developers, proven itself to be the very best in its field. Their attention to detail and commitment to delivering high-quality software is unmatched. They listened to our needs, offered valuable insights and suggestions, and worked tirelessly to ensure that our software was delivered to the highest standard.
Next case:
How we supported Amuse in scaling their music distribution revolution
