Stockholm has a mature value driven and true international startup ecosystem built on Swedish innovation excellence, equality values and pay-it-forward culture.
The success of Swedish startups like Spotify, Skype, and Klarna has made Stockholm a globally renowned startup hub and attracted the attention of international investors. The city now produces the most unicorns per capita after Silicon Valley and is home to more than 1,000 diverse startups with an average valuation of $3.6 million. Local government and startup organizations are working to further improve the ecosystem and make the city even more attractive to talent. The City of Stockholm launched ‘Starta eget Stockholm’ in July 2020. The unique new service pairs entrepreneurs with a personalized advisor who can offer early-stage business coaching. The city covers the full cost of the program. The Stockholm Innovation Scholarship promotes innovation in the Stockholm region. Stockholm, which is home to 22 global multinational corporations, offers founders impressive opportunities for collaboration and connection as well. Kista Science City is the leading ICT cluster in Europe, housing world-leading ICT companies such as Ericsson and IBM, a range of startups, the leading universities of Stockholm, and Urban ICT Arena, a testbed for 5G and IoT technologies. New digital culture center Space will open in the heart of Stockholm in November 2021. Sthlm Fintech Week is an annual initiative focusing on building a stronger Swedish FinTech ecosystem. Notable funding news out of Stockholm includes cloud communications company Sinch’s announcement in May 2021 that it had raised another $1.1 billion in funding from Temasek and SoftBank.
Ecosystem by the numbers
Reasons to move your startup to Stockholm
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