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Sweden startup funding

European tech funding profile

2,237 startups in Sweden have closed 3,302 funding rounds and raised €41B in equity funding (excluding debt and grants) and recorded 535 exits. Debt rounds added €20B. Software is the most active sector, and Almi Invest is the most active investor. Data as of 6 Nov 2026.

#4 in Europe by equity raised — 6.7% of all European startup equity funding.

Equity funding
€41B
excl. debt & grants · +€20B debt
Funding rounds
3,302
Companies
2,237
Named investors
2,803
Exits
535

Funding over time

2010–2026 · 2026 YTD — equity € raised vs rounds
Sweden — funding over time — interactive chart.
Data table
EquityRounds
2010€76M23
2011€281M43
2012€201M56
2013€269M42
2014€457M80
2015€1.0B160
2016€641M361
2017€1.7B371
2018€1.0B265
2019€2.5B255
2020€5.4B249
2021€11B430
2022€4.2B213
2023€3.0B163
2024€2.0B171
2025€2.9B159
2026€4.6B152

AI analysis mentioning Sweden

AI-generated · figures verified · not investment advice

Top performing sectors

by € raised
Cleantech€24B
Fintech€8.0B
Transportation€7.5B
Software€6.7B
Media€5.2B
Healthtech€4.1B

Fastest growing sectors

2025 vs 2024 by € raised
Healthtech▲ +277.5%
Software▲ +149.2%
Energy▲ +69.3%
Fintech▲ +18.3%
Transportation▼ -82.5%
Gaming▼ -91.2%

Top sectors

by deal count
Sweden — top sectors — interactive chart.
Data table
Sweden — top sectors
Software710
Fintech428
Healthtech392
Media302
Cleantech203
Transportation187
Marketing169
E-commerce168
Gaming147
Hardware143

Stage mix

by € raised
Sweden — stage mix — interactive chart.
Data table
Sweden — stage mix
Other€26B
Debt€20B
Series C€3.3B
Growth/Late€3.0B
Series D+€2.8B
Series B€2.6B
Series A€2.0B
Grant€1.1B
Seed€1.0B
Early VC€524M
Pre-Seed€164M
Crowdfunding€42M

Top deals

largest disclosed rounds
CompanyStageDateAmount
NorthvoltDebtJan 2024€4.6B
Stegra (H2 Green Steel)DebtJan 2024€4.5B
NorthvoltOtherJun 2021€2.3B
PolestarDebtNov 2022€1.6B
Stegra (H2 Green Steel)OtherSep 2023€1.5B
NorthvoltOtherAug 2020€1.4B
Stegra (H2 Green Steel)OtherApr 2026€1.2B
NorthvoltDebtAug 2023€1.1B
NorthvoltDebtDec 2023€1.1B
SpotifyOtherFeb 2021€1.1B

Top cities

by € raised
Stockholm€42B1,980
Gothenburg€5.1B219
Malmö€1.3B218
Falun€1.1B2
Linköping€596M44
Lund€530M122
Berlin€420M3
Sigtuna€365M5