Record Year for Swedish Tech Startups, Funding Report 2016 Says

Sweden flagAnother record year for Swedish tech startups.

After a weak start, 2016 came back the running pace in the second half in both number of rounds (up 2x compared to 2015) and total capital raised, according to the 2016 Report published by Industrifonden, a Nordic venture capital investor with $500M in assets, which focuses on early-stage tech and life science companies with international potential.

During the year, startups raised more than $1.6B (SEK 13.2B) across 400 deals engaging 575+ investors, representing a 129% compared to 2015.

Domestic investors remained essential to the ecosystem with top players including Industrifonden, Northzone, and Almi Invest.

At a sectorial level, FinTech remained the most popular vertical by number of deals, followed by e-commerce, gaming and digital health/telehealth.

Download The Swedish Tech Funding Report 2016 here



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