About Cryptocurrencies sector in Sweden
The Cryptocurrencies sector in Sweden comprises 89 companies, including 20 funded companies having collectively raised $48M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
Cryptocurrencies sector in Sweden has seen 5 acquisitions and 1 IPO. This represents almost 6.7% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes all companies that provide bitcoin and other digital currency products and services.
Cryptocurrencies sector is also known as Crypto Assets, Virtual Currencies, Crypto Tokens, Decentralized Currencies, Crypto Fintech or crypto.
Companies included in Cryptocurrencies
Companies enabling circulation of Bitcoin/ Cryptocurrency. They help in mining, trading, investments, transfer, save or spend (payments) Bitcoins.Companies excluded in Cryptocurrencies
Excludes bitcoin faucets or websites that enable bitcoin circulation without being registered or do not plan to register as companies in near future.Top Cryptocurrencies Companies in Sweden
There are more than 89 companies in Cryptocurrencies in Sweden. Safello is the top Cryptocurrencies company in Sweden, ranked using Tracxn Score (what's this?).
Here are 5 of the top Cryptocurrencies companies in Sweden:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Exchange platform for cryptocurrencies | Stockholm (Sweden) | 2013 | Public | $1.43M | |
Index management solutions for cryptocurrencies | Stockholm (Sweden) | 2019 | Acquired | $3.4M | |
Decentralized shared PoS blockchain network | Bromma (Sweden) | 2021 | Funding Raised | - | |
Online platform offering crypto exchange services | Stockholm (Sweden) | 2012 | Funding Raised | - | |
Hardware mining platform for cryptocurrencies | Stockholm (Sweden) | 2013 | Series B | $32M |
Companies founded year-on-year in the Cryptocurrencies sector in Sweden
18 Cryptocurrencies startups in Sweden were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | 5 |
2022 | 7 |
2021 | 17 |
2020 | 6 |
2019 | 6 |
2018 | 18 |
2017 | 10 |
Stage-wise distribution of Cryptocurrencies sector companies in Sweden
Out of the total 89 Cryptocurrencies companies in Sweden, 20 have secured funding. Among them, 7 have reached Series A or higher, and 7 to Series B or beyond.
Founded - 89
Funded - 20
Series A+ - 7
Series B+ - 7
Series C+ - 6
Company Stage | No. of companies |
|---|---|
Founded | 89 |
Funded | 20 |
Series A+ | 7 |
Series B+ | 7 |
Series C+ | 6 |
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Funding Trends in the Cryptocurrencies sector in Sweden
Total funding year-on-year in the Cryptocurrencies sector in Sweden
The Cryptocurrencies sector in Sweden saw a total funding of more than $48M in the last 10 years. The most amount of funding was in 2015 at more than $25.1M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $643K |
2023 | $400K |
2022 | $3.4M |
2020 | $284K |
2019 | - |
2017 | - |
Recent Funding Rounds in Cryptocurrencies in Sweden
In the year 2023, till March 2023, Cryptocurrencies companies in Sweden have raised $400K in equity funding across 1 round.
In the same period last year (i.e. till January 2022), Cryptocurrencies companies in Sweden had raised $3.4M across 1 round.
So, 2023 has seen a 88.22% drop in funding in Cryptocurrencies companies in Sweden as compared to 2022.
Here are some recent, important funding rounds in Cryptocurrencies companies in Sweden:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9665 | Mar 06, 2023 | ||
Seed | 8307 | Jan 20, 2022 | ||
Series A | 7291 | Dec 16, 2020 | - | |
Seed | 8637 | Oct 16, 2019 | ||
Series A | 8628 | Oct 26, 2017 |
Top Investors in Cryptocurrencies in Sweden
TGV is the top investor in Cryptocurrencies companies in Sweden based on number of companies invested.
Here are some top investors in Cryptocurrencies companies in Sweden:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Hong Kong (China) | - | |
Berlin (Germany) | - | |
London (United Kingdom) | ||
London (United Kingdom) | - | |
Stockholm (Sweden) |
M&A activity in Cryptocurrencies sector in Sweden
In the year 2025, till September 2025, 1 acquisition happened in Cryptocurrencies sector in Sweden. Last year, in 2024, a total of 1 acquisition happened in Cryptocurrencies sector in Sweden.
Here are some recent, important acquisitions in Cryptocurrencies sector in Sweden:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 02, 2025 | ||
Business Acquisition | Nov 12, 2024 | ||
Business Acquisition | Mar 29, 2021 | ||
Acqui-Hired | Oct 26, 2017 | ||
Business Acquisition | Jun 14, 2016 |
Acquisition trends in Cryptocurrencies sector in Sweden
Here are the acquisition trends in Cryptocurrencies sector in Sweden:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 1 |
2023 | - |
2022 | - |
2021 | 1 |
2020 | - |
2019 | - |
2018 | - |
2017 | 1 |
Colleges which produce the most Cryptocurrencies companies in Sweden
Companies founded by alumni from top colleges in the Cryptocurrencies in Sweden
Most number of Cryptocurrencies startups in Sweden have been founded by alumni from Stockholm University and Wharton School.
College | No. of companies |
|---|---|
Stockholm University | 1 |
Wharton School | 1 |
Top News in Cryptocurrencies in Sweden
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Trust Wallet Growth Surges Rapidly in Africa and South AsiaCryptonews•Sep 09, 2024•Trust Wallet, Safello
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CoinShares XBT Provider AB (Publ) Publishes Half Year Interim Report 2024GlobeNewswire•Aug 07, 2024•XBT Provider
