[WIP] Swedish tech startup funding
Below you find selected announced and unannounced equity funding rounds recently raised by Swedish tech startups, sorted chronologically by stage.
Abbreviations
prev = previous
Pre-seed
December 2024
- Vetnio (Stockholm, solution for generating automatic medical notes for veterinary professionals, founded 2024, vet tech)
- Amount: €1M
- Lead investors: Peak, YZR Capital
- Other disclosed investors: Wave Ventures, angel investors Mattias Miksche and Amir Marandi
- Valuation: SEK50M (unclear if pre- or post-money)
- Bardo (Stockholm, carbon intelligence platform, founded 2024, climate tech)
- Amount: €3M
- Investor: Cherry Ventures
- Valuation: SEK151.9M (pre-money)
November 2024
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Early-stage (unlabeled)
December 2024
- Ledigajobb.se (Umeå, "Sweden's fastest growing job platform", founded 2018, marketplace)
- Amount: SEK20M
- Investor: undisclosed publicly traded Swedish SaaS company
- Valuation: n/a
- Remarks: first funding
- Financials: 2023 net revenue SEK0.8M, down from SEK2.2M in 2022; 2023 loss -SEK3.1M, vs -SEK1.8M in 2022
Seed
xxx
Series A
November 2024
- Magma (Stockholm, math learning app for schools, founded 2015, edtech)
- Amount: $20M
- Lead investor: Five Elms Capital (other investments)
- Valuation: SEK567.4M (pre-money)
- Remarks: The round also included an additional $20M in secondary transactions
- Financials: 2023 net revenue SEK19.5M, up 55% YoY; 2023 loss -SEK15.1M, vs -SEK10M in 2022
Series B
December 2024
- Mynt (Stockholm, provider of corporate credit cards and spend management solutions, founded 2018, fintech)
- Amount: €22M
- Lead investor: Vor Capital (prev)
- Other disclosed investors: CNI (prev) Incore Invest (prev)
- Valuation: €175M (not specified if pre- or post-money)
- Financials: 2023 net revenue SEK31.4M, up 52% YoY; 2023 loss: -SEK48.6M, vs -SEK35.7M in 2022