Overhead shot of Kungsgatan in Stockholm bridge with a visible banner reading 'Investors in Sweden'
Overhead shot of Kungsgatan in Stockholm bridge with a visible banner reading 'Investors in Sweden'
Contributors:
Filip Grönvall
Last updated:
8 July, 2024

Venture capital firms and investors in Sweden

The venture capital scene in Sweden is growing

Sweden is and have been one of the fastest-growing and most exciting investment hubs in Europe. With a surge of activity from both established investors and newcomers to the sector, we can expect to see future developments in Sweden tech scene.

Among the last years, we've seen multiple more nieched firms open (ex Ampli Ventures focusing solely on SaaS). At the same time the giants keep on going.
logos of venture capital firms and investors in swedenlogos of venture capital firms and investors in sweden

Sweden is becoming an investor powerhouse

Sweden has quickly become a global powerhouse in the venture capital world. Located at the forefront of tech innovation,

Sweden has emerged as one of the premier locations for venture-backed startups with established giants such as Spotify, Skype, and Klarna being founded in Stockholm.

Options for founders seeking equity are many

With firms investing in cutting-edge technology startups and VC powerhouses being present in the capital, Stockholm, entrepreneurs have plenty of options when it comes to securing funding for ambitious projects.

Sweden startup ecosystem is quickly becoming one of Europe’s leading hubs for big VC firms. 

All Swedish venture capital firms

Alfvén & Didrikson
Founded
2010
Investments
32
Exits
6
Investment stage
Pre-Seed
Seed
Series A
Company profile
See full breakdown
View VC Firm
Alliance Venture
Founded
2001
Investments
48
Exits
5
Investment stage
Seed
Series A
Series B
Company profile
See full breakdown
View VC Firm
Almi Invest
Founded
2009
Investments
599
Exits
37
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Ampli Ventures
Founded
2022
Investments
3
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Antler
Founded
2017
Investments
827
Exits
4
Investment stage
Pre-Seed
Company profile
See full breakdown
View VC Firm
BLQ Invest
Founded
2019
Investments
16
Exits
8
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Backing Minds
Founded
2016
Investments
14
Exits
0
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Bonnier Ventures
Founded
2013
Investments
49
Exits
8
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
Brightly Ventures
Founded
2018
Investments
24
Exits
1
Investment stage
Seed
Series A
Series B
Company profile
See full breakdown
View VC Firm
Butterfly Ventures
Founded
2012
Investments
63
Exits
1
Investment stage
Pre-Seed
Seed
Series A
Company profile
See full breakdown
View VC Firm
ByFounders VC
Founded
2017
Investments
49
Exits
1
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
CNI
Founded
2012
Investments
32
Exits
5
Investment stage
Series A
Series B
Series C
Series D
Company profile
See full breakdown
View VC Firm
Centripetal VC
Founded
2019
Investments
22
Exits
2
Investment stage
Secondaries
Company profile
See full breakdown
View VC Firm
Creandum
Founded
2003
Investments
208
Exits
38
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
View VC Firm
EQT Ventures
Founded
2016
Investments
153
Exits
13
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
View VC Firm
Emblem
Founded
2023
Investments
32
Exits
Investment stage
Pre-Seed
Company profile
See full breakdown
View VC Firm
Fairpoint Capital
Founded
2019
Investments
18
Exits
2
Investment stage
Seed
Series A
Series B
Company profile
See full breakdown
View VC Firm
First Venture
Founded
2017
Investments
18
Exits
Investment stage
Pre-Seed
Seed
Series A
Company profile
See full breakdown
View VC Firm
Gullspång Invest
Founded
2010
Investments
12
Exits
2
Investment stage
Pre-Seed
Seed
Series A
Series B
Series C
Company profile
See full breakdown
View VC Firm
Gullspång Re:Food
Founded
2021
Investments
20
Exits
0
Investment stage
Pre-Seed
Seed
Series A
Company profile
See full breakdown
View VC Firm
Inbox Capital
Founded
1985
Investments
46
Exits
6
Investment stage
Seed
Series A
Series B
Company profile
See full breakdown
View VC Firm
Industrifonden
Founded
1979
Investments
176
Exits
31
Investment stage
Series B
Series C
Series D
Company profile
See full breakdown
View VC Firm
Inventure
Founded
2011
Investments
132
Exits
15
Investment stage
Pre-Seed
Seed
Series A
Series B
Company profile
See full breakdown
View VC Firm
J12 Ventures
Founded
2019
Investments
32
Exits
1
Investment stage
Pre-Seed
Seed
Company profile
See full breakdown
View VC Firm
What are the most active venture capital firms in Sweden?

There are a number of venture capital firms operating in Sweden, many of which have established a strong presence and are actively looking for investment opportunities. Some of the most active ones include Northzone, EQT Ventures, Industrifonden, Creandum, Kinnevik, Inbox Capital, Almi Invest, Fouriertransform Investment Management AB and Alliance VC. Each of these firms specialize in different areas such as technology, life sciences and consumer products.

Through their investments they help support the growth of early-stage companies that can benefit from additional funding. These venture capital firms also provide strategic guidance and mentoring to startups to ensure they make informed decisions while striving to achieve their goals.

How much capital do Swedish venture capital firms typically invest?

Venture capital firms in Sweden generally invest between $100,000 and $5 million per investment round. This amount can vary depending on the size of the company, its stage of development and its potential for success.

The average fund size invested by venture capital firms in Sweden is typically around $50-70 million. This allows them to finance multiple projects at once and to spread their risk across different sectors. As such, Swedish venture capitalists are able to make strategic investments that can generate returns for their investors.

What are the trends in Swedish venture capital investing?

The most common industries for Swedish venture capital firms to invest in are technology, digital media and consumer products. These industries often have the potential for high returns due to their innovative nature and the fact that they are relatively young markets. Some of the more successful companies that have received Swedish venture capital funding include Spotify, Klarna and iZettle.

Exit strategies used by Swedish venture capital firms typically involve cashing out at a higher valuation than what was originally invested, either through an initial public offering (IPO), a trade sale or other means of liquidity event.

In terms of trends in Swedish venture capital investing, the focus has shifted in recent years from early stage start-ups to later stage investments. This is due to the fact that there are more opportunities available in these areas as startups have grown and matured. Additionally, venture capitalists are starting to focus more on sustainability initiatives such as environmental impact and gender diversity when selecting companies to invest in. Finally, there has been an increase in cross-border investments with venture capitalists looking abroad for promising investment opportunities.

What are the most common industries for Swedish venture capital firms to invest in?

Swedish venture capital firms typically invest in a wide range of industries, with the most common being technology, life sciences and consumer products.
– Technology investments are often focused on areas such as software, e-commerce and artificial intelligence.
– Life sciences investments tend to focus on medical devices, biotechnology and pharmaceuticals.
– Consumer product investments will often revolve around retail, fashion and food & beverage companies.

There is also an increasing interest in investing in green technologies such as renewable energy sources. By investing in these various sectors, Swedish venture capitalists have been able to diversify their portfolios and capitalize on the potential for future growth.

What other financial instruments are commonly used by Swedish venture capital firms?

Aside from traditional venture capital investments, Swedish venture capitalists also utilize a variety of other financial instruments. These include debt financing, mezzanine finance, convertible notes and royalty-based agreements.

Debt financing allows them to provide loans to companies in exchange for equity or ownership rights. Mezzanine finance is similar to debt financing but is often non-recourse and carries a higher rate of return. Convertible notes combine elements of both debt and equity as they can be converted into shares at a specific date if certain criteria are met.

Royalty-based agreements involve the company making payments based on the sales generated by their products or services. All these instruments allow venture capitalists to diversify their investments and increase their potential returns.

What is the role of accelerator programs in Swedish venture capital investing?

Accelerator programs are often used by Swedish venture capitalists as a way of cultivating instruments are commonly used innovative by Swedish companies and venture capitalists helping them in order grow faster to provide tailored financing solutions.

Through for these programs companies.,  venture capitalists can accelerate the growth of startups by providing them with mentorship, access to networks and capital. Accelerator programs typically involve a set period in which companies receive investments or grants, work closely with mentors and participate in various workshops or events.

At the end of this period, startups are expected to demonstrate the results achieved during their time in the accelerator program in order to receive additional funding from venture capitalists. This allows Swedish venture capitalists to identify promising young companies earlier on and invest at favorable valuations.

One good example of a Swedish accelerator program is Sting.

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