Sweden is one of the key innovation centers in Europe. The country has generated some of the world's most well-known corporations, including IKEA, Ericsson, H&M, and many others. Apart from its historical significance, Sweden is a rich breeding ground for new unicorns. The success of Swedish firms such as Spotify and Skype has established the country as a world-leading startup destination, attracting investors all over the globe. Sweden's early successes are also inspiring the next generation of startup founders. For entrepreneurs looking to raise capital and expand their operations, Sweden is a highly attractive destination. In this article, we have compiled a comprehensive list of VC funds and angel investors in Sweden that can provide you with the capital you need to excel in this market.
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Topics Covered:
Venture Capitalist Funds in Sweden
Angel Investors in Sweden
Why Should You Raise Funds in Sweden?
Here are some reasons why you should consider raising funds for your startup in Sweden:
Access to capital: Sweden is one of the fastest-growing European centers in terms of venture capital financing. A vibrant venture capital market, they have numerous active funds and investors; with an estimated $2.6 billion funds poured into startups in the third quarter of 2022, on par with Germany and slightly less than the UK.
Strong innovation culture: Sweden is brimming with research and innovation. According to the Swedish Institute, the country invests more than 3% of its GDP in research and development, making it one of the world's biggest research investments in relation to GDP. Sweden is also ranked first as the most innovative country in the EU, and third most innovative globally according to the Global Innovation Index. With a high number of patent applications and a favorable environment for research and development, there are numerous opportunities for innovators to thrive in the country.
Substantial government support: The nation's startup ecosystem is bolstered by government financing and investments in businesses. The Swedish government has implemented a number of initiatives, including tax breaks and financing programs, to encourage the country's startup environment. The government also provides grants and loans to entrepreneurs, particularly those focused on long-term development and growth. Vinnova, for example, is a Swedish government organization that works under the Ministry of Industry, Energy, and Communications that gives financial assistance to businesses for research, development, and legal fees. Business Sweden, commissioned by the Swedish government, assists Swedish firms in increasing global reach and for foreign corporations to expand to Sweden.
Overall, Sweden offers a supportive environment that makes it an appealing site for entrepreneurs trying to acquire capital and build their firms.
Venture Capitalist Funds in Sweden
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2017
Stage: Pre Seed, Seed
Focus: Technology
Notable Portfolio: Albacross, Carla, Open Payments, NewGlue
Year of Inception: 2005
Stage: Pre Seed, Seed, Series A, Series B, Series C
Focus: Deep Tech, Impact
Notable Portfolio: Atium, Gapwaves, Fluicell, Trine, Skisens
Year of Inception: 2016
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: Fresto.Io, Labster, Willa Pay, Helix Nano, NextMind
Year of Inception: 2014
Stage: Seed, Series A
Focus: FinTech
Notable Portfolio: Gimi, Yabie, Tessin, Nordkap, Lexly, Voxo
Year of Inception: 1979
Stage: Seed, Series A
Focus: Life Sciences, Deep Tech, Transformative Tech
Notable Portfolio: Guard Therapeutics, Cascade Drives, AnaCardio, ZeroPoint
Year of Inception: 2007
Stage: Seed, Series A
Focus: SaaS, Marketplace, Platforms
Notable Portfolio: CarbonCloud, Breyta, AG5, StuDocu, Widgetbook
Year of Inception: 2016
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: CemVision, Lingio, Skyrm, Serviceform
Year of Inception: 2013
Stage: Seed, Series A
Focus: Sustainable Energy Technology
Notable Portfolio: Ferroamp, Delab, Cascade Drives, SenseNode, GLOBHE
Year of Inception: 2018
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Yabie, WeHype, PerceptiLabs, Open Payments, Acuminor
Year of Inception: 2005
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Codescene, Eliademy, Lassie, Umbra
Year of Inception: 2010
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Adnavem, Oneflow, Wordfavor, Nomono, MariaDB
Year of Inception: 2016
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Brink Commerce, Envise, Skillbreak, Zalster
Year of Inception: 2019
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Validio, Dema, Codeball, Rely, Ostrom, Cure
Year of Inception: 2018
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Truecaller, Minut, VionLabs, Strawbees, Acuminor
Year of Inception: 2009
Stage: Seed, Series A
Focus: Technology, Life Science, CleanTech, Industry
Notable Portfolio: AIM Sweden, Renewcell, Ferroamp Electronics, Fishbrain
Year of Inception: 2003
Stage: Seed, Series A
Focus: Technology, Software
Notable Portfolio: Enode, Mason, TimberHub, Scarlet, Better Stack
Year of Inception: 1996
Stage: Seed, Series A, Series B, Series C
Focus: Consumer, Crypto, Web 3.0, Enterprise, FinTech, Gaming, Healthcare
Notable Portfolio: Trustpilot, Spotify, Spring Health, Klarna, Personio, Kahoot!
Year of Inception: 2003
Stage: Seed, Series A, Series B, Series C
Focus: Life Sciences
Notable Portfolio: Modus Therapeutics, Umecrine Cognition, Promimic, Dilafor
Year of Inception: 1996
Stage: Seed, Series A, Series B, Series C
Focus: Life Sciences
Notable Portfolio: Carisma Therapeutics, CoreValve, Modus Therapeutics, Orexo
Year of Inception: 2015
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio: Call Desk, Silexica, Siilo, Reworks, Willa Pay, Instabox, Treecard
Year of Inception: 1996
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio: Gett, Voi Technology, Olio, HungryPanda, Swvl
Year of Inception: 2010
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio: Adlede, Prege, Reclaimit, Compodium, Flasheye
Year of Inception: 2016
Stage: Series A, Series B, Series C
Focus: Enterprise
Notable Portfolio: Avidbots, Tractian, Skydio, rideOS
Year of Inception: 2015
Stage: Series B, Series C
Focus: FinTech
Notable Portfolio: Creditas, Juspay, FinanZero, Magnetis, transferGO
Year of Inception: 2013
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio: Chairish, Combify, Starmony, Heja, Pilloxa
Angel Investors in Sweden
The Angel investors listed below are part of an Angel community located throughout Sweden. They may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Seed
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Seed, Series A
Focus: B2B Technology, Life Sciences, Advanced Industrial Technologies, Advanced ICT, Sustainable Energy Technologies
Notable Portfolio: AddBio, Cascade Drives, Oblique Therapeutics, Ilya Pharma
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Attana, Invajo, Enliven, Lexi, Neosense, PictureMyLife
Closing Thoughts on VCs and Angel Investors in Sweden
Sweden's successful ecosystem is a result of a mixture of elements that stimulated business creation and growth. Aside from direct factors such as supportive government initiatives and a focus on innovation, factors such as free education, healthcare, and other perks also indirectly contribute to startups' success in the country. In terms of VC funding, Sweden's startup ecosystem is supported by both public funds and foreign investments. Sweden's free economy promotes innovation and competition, creating numerous opportunities for startups to thrive.