Sweden

Stockholm

Attraction Phase

Stockholm has a mature value driven and true international startup ecosystem built on Swedish innovation excellence, equality values and pay-it-forward culture.

Marie Wall
Startup director, Deputy director at Ministry of Enterprise, Division for Research, Innovation and Access to Finance

Sub-sector Strengths

Cleantech

In 2017, Sweden ranked #third in UNIDO’s Global Cleantech Innovation Index based on strong scores for innovation inputs and outputs. As part of the Clinton Climate Initiative, Stockholm Royal Seaport will be developed as the first city district in the world with full-scale smart grids. VOI Technology, an e-scooter startup, raised a $50 million Series A round led by Balderton Capital in November 2018 followed by a $30 million Series B round in March 2019.

Life Sciences

Stockholm is home to Karolinska Institutet, which awards the Nobel Prize in Physiology/Medicine and is ranked #9 worldwide in Life Sciences and Medicine by QS World University Rankings. In 2016, Cormorant Pharmaceuticals, a developer of cancer and rare-disease therapies, was acquired by Bristol Myers Squibb for $520 million. In 2018, KRY, a telemedicine app startup, raised a $62 million Series B round in a deal led by Index Ventures.

Why you should invest in Stockholm

SOFTWARE STARTUP OUTPUT
900-1.2k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$36 bn
GLOBAL AVG.
$5 bn
Top 15 Global Ecosystem
Cleantech
Top 20 Global Ecosystem
Life Sciences
5
Exit Growth
INDEX
7
Output Growth
INDEX
9
Funding Growth
INDEX

Reasons to move your startup to Stockholm

EARLY-STAGE FUNDING PER STARTUP
$700+ k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$667 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$57.7 k
GLOBAL AVG.
$58.3 k

Access to talent

In Stockholm, almost one-fifth of the entire workforce works in tech, highest share compared to any other city in Europe. Companies also have access to top talent from some of Europe's top ranking universities, such as the Stockholm School of Economics, Karolinska Institutet and Royal Institute of Technology (KTH).

Startup Community

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