> ## Content Index
> Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Swedish startup funding almost doubled in August year-over-year, thanks to Lovable's $400M Series C round
- URL: https://www.swedishtechnews.com/swedish-startup-funding-almost-doubled-in-august-year-over-year-thanks-to-lovables-400m-series-c-round/
- Published: 2026-09-02T18:21:57.000Z
- Updated: 2026-09-02T18:21:57.000Z
- Description: In August, I tracked SEK5.3B (€480M, $550M) in equity funding (and a few convertible notes) raised by Swedish tech startups and scaleups. The figure includes announced rounds, as well as selected unannounced ones.
- Author: Martin Weigert

*This news was covered in yesterday's PRO newsletter.*

In August, I tracked SEK5.3B (€480M, $550M) in equity funding (and a few convertible notes) raised by Swedish tech startups and scaleups. The figure includes announced rounds, as well as selected unannounced ones.

Last month's number compares to SEK2.8B tracked in August last year, and SEK1.4B in August 2024.

The heavy lifting this time was done by Lovable's [$400M Series C](https://data.swedishtechnews.com/funding-details/lovable/r/jhzVgTmTQlpWei) round of course. 

Here is a chart showing the past two years.

![](https://storage.ghost.io/c/cb/aa/cbaa9996-4d93-4f6d-b930-d76c908df0d1/content/images/2026/09/chart-1.png)

Swedish Tech News PRO subscribers can see daily updated charts like this in the [Funding Database](https://data.swedishtechnews.com/funding).

## Receive Swedish startup & tech news right into your inbox

Subscribe to Swedish Tech Weekly, a free newsletter with the latest from Sweden's tech and startup industry, curated by Martin Weigert.

Subscribe 

Email sent! Check your inbox to complete your signup. 

No spam. Unsubscribe anytime. [Privacy policy](https://www.swedishtechnews.com/privacy-policy/).