瑞典科技生态系统状况

Page/ 2“ForewordThe Sweden Tech Ecosystem database and this annual report are the resultof a collaborative effort between Business Sweden, Vinnova, the SwedishAgency for Economic and Regional Growth, the Swedish Energy Agency, theSwedish Institute, and Swedish Incubators and Science Parks (SISP). It playsa key role in our ongoing mission to make ecosystem data freely available toall. The Swedish Tech Ecosystem website acts as a digital showcase foractivitiesThrough this platform, our ambition is to connect investors and startups,foster partnerships and business opportunities, and inspire the media touncover and share compelling stories. It also provides talent with a way toexplore new opportunities, while enabling companies to highlight theirrecruitmentand collaboration needs—all within an increasinglyinternationalDespite ongoing global economic uncertainty, Swedish startups continue todemonstrateremarkable resilience—and investor confidence remainsstrong. In 2024, Swedish startups raised a total of €2.4 billion in venturecapital,maintaining Swedenʼs position as a European leader in VCinvestmentper capita.However,there is still significant untappedpotential—particularly if more later-stage capital were made available tosupport scaling companies..Sweden continues to solidify its reputation as one of the worldʼs mostinnovative nations. It now ranks among the global top 10 in terms of thenumber of unicorns and leads Europe in unicorns per capita, with particularstrengths in advanced technology, the green transition, and life sciences. withinourinnovationecosystem.context. Sweden hosts one of Europeʼs strongest climate tech sectors, with morethan500 active companies and a combined valuation of$28billion—representing a 4.5x increase since 2019. The country has alsoproduced six climate tech unicorns to date. In the deep tech sector, wherebreakthroughs in science fuel transformative innovation, Swedish startupsare reshaping industries from energy and logistics to security and advancedmanufacturing.Since 2020, Swedish companies with at least one female founder haveraised €2.3 billion in venture capital—the highest in the Nordics and fourthhighest in Europe. Investments in female-founded startups continued torise in 2024. However, only 9.9% of total VC funding went to companies withat least one female founder, underscoring the continued need for inclusiveinvestmentstrategies.Swedenʼs strong position on global innovation indexes, coupled with itsability to attract international investment, top talent, and high-qualityventures—even in times of global uncertainty—is a source of national pride.Weremain deeply committed to fostering an open,world-classenvironment where startups from all backgrounds can grow, scale, andcontribute to solving global challenges.” Page/ 3What you need to knowSweden is one of Europeʼstop tech ecosystems, butVC has been concentratedin just a few companiesSweden ranks 4th in Europe by total VCinvestment since 2020 and 1st per capita.It is also the top ecosystem in Europe forunicorn creation per capita.But funding remains highly concentrated:six companies alone have raised nearlyhalf of all capital since 2020.Fewer Swedish startups progressing toSeries A/B, especially compared to the US,but, those that do, scale beyond theEuropean average. Sweden has a strongpipeline of 2.2K+ startups,with most at early stageSwedish startups are now worth €319Band have a strong focus on Deep tech,Climate tech, Medtech and Biotech.Late-stage funding remains reliant onforeign investors, with furtheropportunities to support female-foundedstartups. Unlocking Swedenʼs nextgrowth phaseSweden consistently ranks as one of theworldʼs most innovative countries, backedby a strong national support system anddeep EU integration.Public actors and programmes, fromlocal incubators to EU support, areessential to help startups turn world-classresearch into high-growth companies,particularly in sectors like deep tech,climate, and health. 1Swedish tech update2Outlook & opportunities3Building Swedenʼs Innovation Ecosystem Page/ 5Sweden ranks #4 in Europe by VC investment since 2020, and first per capitaSource:Dealroom.co. VC investment raised by startups HQ in each respective ecosystem. *Percapita ranking of top countries by VC investment raised since 2020VC investment between 2020 and 2024VC investment between 2020 and 2024, per million inhabitants* Page/ 6Sweden is among the top 10 countries globally by number of unicorns, and firstper capita in EuropeSource:Dealroom.co. *Per capita ranking of top 20 countries by number ofunicornsNumber of unicornsNumber of unicorns and $1B exits per million inhabitants*▊Currently HQ▊Founded, HQ relocated elsewhere▊Currently HQ▊Founded, HQ relocated elsewhereSweden has 46unicorns40 HQ,6 relocatedabroad» view online Page/ 7Swedenʼs VC investment is highlyconcentrated—six companies haveaccounted for almost half of allcapital raised since 2020Source:Dealroom.co. | * Excluding any public compa