Sweden is a hub for innovative start-ups and has a thriving ecosystem for entrepreneurs and investors.
It is considered one of the top destinations for start-up investment in Europe, due to its well-developed infrastructure, skilled workforce, and favorable government policies.
Sweden is home to a number of high-growth and well-funded startups, such as Spotify, Klarna, and iZettle.
Fundraising Figures:
In 2020, Swedish startups raised a total of €2.9 billion in venture capital, representing a significant increase compared to previous years.
The fintech sector is one of the most active in terms of investment, attracting a large share of total funding in the country.
Swedish startups are also attracting attention from international investors, with a growing number of foreign venture capital firms setting up operations in the country.
Active Investors:
Among the most active investors in Swedish startups are Northzone, EQT Ventures, and Kinnevik.
Other notable investors in the Swedish start-up scene include Creandum, Accel, and Heartcore Capital.
Swedish corporate investors, such as SEB and Swedbank, are also increasingly participating in funding rounds for local startups.
Key Start-ups:
Some of the main startups in Sweden include:
Spotify - a leading music streaming service
Klarna - an online payment provider
iZettle - a mobile point-of-sale solution
Truecaller - a call management app
Breathing Games - a game development studio
Opportunities:
Sweden offers a favorable environment for start-ups, with a strong culture of innovation and support from the government.
The country has a well-developed infrastructure and a highly skilled workforce, providing a competitive advantage for startups.
Sweden is also home to a number of well-established technology companies and universities, providing a rich pool of resources and expertise for start-ups to tap into.