Sweden
Europe · Pop. 10.6M · #12 startup ecosystem by EV
1 Overview
2 Largest rounds
Largest funding rounds in Sweden
A live treemap of $40M+ rounds from the Dealroom API. Each cell is one round into a Sweden-headquartered company, grouped by Dealroom sector.
Largest rounds in Sweden - 2026
3 Startup hubs
Inside Sweden: top 3 startup hubs
Sub-national ecosystems ranked by combined enterprise value, paired with their 5-year growth multiplier.
4 Startup funnel
Sweden's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
5 VC investment
How much venture capital flows into Sweden
VC investment into Sweden-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API.
6 Notable companies
Top private companies in Sweden
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
7 Academia
Sweden's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Sweden.
| # | University | City | Founders | Companies |
|---|---|---|---|---|
| 1 | KTH Royal Institute of Technology | Stockholms kommun | 1,897 | 2,065 |
| 2 | Stockholm University | Stockholms kommun | 1,338 | 1,573 |
| 3 | Lund University | Lund Municipality | 1,137 | 1,310 |
8 Location comparison
How Sweden stacks up
Compare Sweden with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Sweden's row is highlighted (#5).
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.6× | 221 | $24.1B | 20.1K |
| 2 | Germany | $404B | 4.2× | 91 | $8.2B | 8,770 |
| 3 | France | $401B | 5.4× | 66 | $8.4B | 9,145 |
| 4 | Netherlands | $324B | 2.8× | 43 | $3.2B | 3,919 |
| 5 | Sweden | $278B | 5.7× | 58 | $3.5B | 3,253 |
| 6 | Switzerland | $214B | 3.5× | 50 | $4.3B | 3,030 |
| 7 | Denmark | $142B | 4.3× | 24 | $1.8B | 1,669 |
| 8 | Belgium | $108B | 7.2× | 12 | $902.6M | 1,898 |
| 9 | Ireland | $104B | 4.8× | 25 | $1.2B | 1,974 |
| 10 | Spain | $98.4B | 5.4× | 18 | $3.3B | 4,583 |
| 11 | Finland | $79.1B | 3.9× | 10 | $2.2B | 1,755 |
| 12 | Italy | $66B | 4.8× | 17 | $1.8B | 2,985 |
9 Patent intelligence
Sweden startup IP portfolio: 62.6K patent families
Granted patent families assigned to startups headquartered in Sweden. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
10 Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Sweden dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Sweden ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.