Sunday, August 30, 2026

How Sweden built one of Europe’s hottest startup ecosystems

Recommendable!

"Sweden is perhaps one of the world’s hottest tech hubs right now. It has long been home to Spotify and Klarna, but this latest wave of companies — from legal AI startup Legora to vibe-coding tool company Lovable — has left everyone wondering what’s going on in one of the world’s happiest countries. ...

This year, the startup ecosystem has raised $2.8 billion in funding, according to Dealroom, and is projected to hit at least $5 billion.
Last year, the ecosystem raised $3.2 billion.
Nothing has quite matched the $8.5 billion raised in 2021 — a reflection of the hot venture market that later cooled and is now, per the data, starting to heat back up again. Other big emerging names from the ecosystem include Neko Health and autonomous freight company Einride. ...

the latest wave of startups in Stockholm is benefiting from the first generation of entrepreneurs, who are providing resources and mentorship to the latest generation — or, in some cases, becoming repeat founders themselves (Spotify founder Daniel Ek, for instance, is also the founder of Neko Health). ..."

How Sweden built one of Europe’s hottest startup ecosystems  | TechCrunch


What is not Lovable about Sophia Bendz (Source), a general partner at Cherry Ventures based in Stockholm. Just kidding!


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