Sweden startup funding in H2 2020

European tech funding raised by Sweden startups during H2 2020.

In H2 2020, 135 startups in Sweden raised a combined €4.9B across 139 funding rounds, up 278.3% versus H2 2019. Software was the most active sector, and Almi Invest was the most active investor. Data as of 23 Aug 2026.

Total funding

€4.9B

+278.3% vs H2 2019

Funding rounds

139

+25.2% vs H2 2019

Companies

135

Top sector

Software

Rank in Europe

15.3% of European funding

Debt financing

€200M

4.1% of total

Top-10 round share

77.8%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top sectors

by € raised

Stage mix

by € raised

Top deals

largest disclosed rounds in H2 2020

Company	Stage	Date	Amount
Northvolt	Other	Aug 2020	€1.4B
Klarna	Growth/Late	Sep 2020	€547M
Northvolt	Other	Sep 2020	€514M
Stillfront	Growth/Late	Dec 2020

View all 139 Sweden deals in H2 2020 →

Top investors

most active in H2 2020, by deal count

← All 2020 Sweden funding

Exits & M&A

19 Acquisition · 2 IPO · 1 Buyout

23 exits · €2.9B disclosed.

NetEnt	Unknown	Sep 2020	€1.9B
Bisnode	Acquisition	Jul 2020	€693M
Nordic Nest	Acquisition	Dec 2020	€165M
Enad Global 7	IPO	Dec 2020	€165M
TimeEdit	Acquisition	Nov 2020	€10M
Apprope	Acquisition	Dec 2020	€5.0M