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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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.
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Frequently Asked Questions on VCs and Angel Investors in Sweden
How is Sweden's venture capital and startup ecosystem structured?
Sweden's venture capital ecosystem is one of Europe's most mature, centered in Stockholm with growing hubs in Gothenburg and Malmö. Key players include the Swedish Private Equity & Venture Capital Association (SVCA), Swedish Venture Capital Association, and established VC firms like Northzone and EQT Ventures. The ecosystem benefits from Sweden's strong innovation culture and unicorn track record (Spotify, Klarna). Government support comes through Vinnova and Almi Invest. The Swedish Startup Scene and SUP46 provide additional ecosystem support through various programs and networking initiatives.
What funding options are available for Swedish startups?
Swedish startups can access multiple funding channels: seed funding through public initiatives (500,000-2M SEK), business angel investments via networks like Connect Sweden (2M-5M SEK), and early-stage VC funding (5M-50M SEK). The Swedish Innovation Agency provides matching funds. Additional support comes through EU programs and regional development funds. Scale-up funding often involves international VC partnerships, particularly from US and UK firms. Corporate venture arms of major Swedish companies like Ericsson and Scania offer strategic investment opportunities.
Which sectors attract the most investment from Swedish VCs and angels?
Swedish investors show strong preference for technology sectors: fintech (particularly payment solutions and digital banking), gaming, healthtech, and cleantech solutions. There's significant interest in deep tech areas including AI/ML and quantum computing. Impact investing and sustainability-focused startups attract substantial investment, aligned with Sweden's environmental leadership. Emerging areas include digital health platforms, e-commerce enablement, and climate tech innovations. B2B software companies targeting global markets are particularly attractive.
What criteria do Swedish investors use to evaluate startups?
Swedish VCs typically prioritize teams with strong technical expertise and global ambitions. Key requirements include clear intellectual property protection, demonstrated product-market fit, and international scalability potential. Most investors expect startups to have Swedish company registration and understanding of Nordic market dynamics. ESG considerations are crucial, particularly for impact-focused funds. Strong focus on sustainable business practices and ethical AI development is increasingly important.
How can entrepreneurs connect with Swedish investors?
Key networking channels include STHLM Tech Fest, Nordic Startup Conference, and THINGS events. Accelerators like Sting and Norrsken provide direct access to investor networks. Industry-specific platforms like Stockholm Fintech Hub facilitate targeted connections. Regular pitch events are organized by SUP46 and other startup communities. Many Swedish VCs maintain strong relationships with international investors, particularly in other Nordic countries and Silicon Valley, offering potential for global funding opportunities.
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