Sweden startup funding in Q1 2024

European tech funding raised by Sweden startups during Q1 2024.

In Q1 2024, 51 startups in Sweden raised a combined €12B across 52 funding rounds, up 2995.4% versus Q1 2023. Software was the most active sector, and Industrifonden was the most active investor. Data as of 9 Jul 2026.

Total funding

€12B

+2995.4% vs Q1 2023

Funding rounds

+13.0% vs Q1 2023

Companies

Top sector

Software

Rank in Europe

40.3% of European funding

Debt financing

€10B

87.4% of total

Top-10 round share

98.4%

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 Q1 2024

Company	Stage	Date	Amount
Northvolt	Debt	Jan 2024	€4.6B
Stegra (H2 Green Steel)	Debt	Jan 2024	€4.5B
Northvolt	Grant	Jan 2024	€902M
Polestar	Debt	Feb 2024

View all 52 Sweden deals in Q1 2024 →

Top investors

most active in Q1 2024, by deal count

Industrifonden3 deals
European Investment Bank (EIB)2 deals
EQT Ventures2 deals
Norrsken Launcher2 deals
J12 Ventures2 deals
Norrsken VC2 deals
BackingMinds1 deals
Avalanche1 deals
Air Canada1 deals
Breakthrough Energy Ventures1 deals

← All 2024 Sweden funding

Sportadmin	Acquisition	Jan 2024	€13M
Apotea	Acquisition	Jan 2024	€12M