Sweden saw more invested capital in tech per capita than rest of Europe 2015
As active investors in the Swedish tech scene, we continuously track and analyze venture investments. We have compiled some of our findings in our newly released Swedish Tech Funding Report 2015, which is also embedded below. Here are some of the key takeaways:
- Sweden saw a total of $1.1 billion invested across 175 tech startups in 2015. That’s more than 1.7x invested capital in the UK and 3.5x invested capital in Germany on a per capita basis.
- Q4 saw an increase of total deals but a decrease in capital raised. The increase was mainly due to a large number of seed rounds, while there was a significant decrease in later stage rounds. This could be an early signal of a slowdown in tech funding, as a reaction to soaring valuations, markdowns and a shaky macro climate. However, 2015 also saw a number of new VC funds with a special focus on the Nordics, which indicates that capital will be available in the region in the short to medium term.
- Local investors are still crucial for early stage startups. The most active investors in the Swedish tech scene are all local: We (Industrifonden) together with Northzone, Creandum and Almi Invest claimed the top spots. International investors participated in one fifth of small funding rounds (≤$1M), compared to participation in all later stage deals (>$25M)