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 enabling circulation of Bitcoin/ Cryptocurrency. They help in mining, trading, investments, transfer, save or spend (payments) Bitcoins are included in this sector. 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 89 Cryptocurrencies startups in Sweden which include Safello, Vinter, Shido, Goobit, KnCMiner. Out of these, 20 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 7 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Stockholm University and Wharton School.
Here is the list of top Cryptocurrencies startups in Sweden
1. Safello
Exchange platform for cryptocurrencies. It allows the user to buy, sell and trade with multiple cryptocurrency pairs. It also enables people to donate Bitcoins to charities and also provides remittance services.
Key facts about Safello
- Founded Year: 2013
- Location: Stockholm (Sweden)
- Stage: Public
- Total Funding till date: $1.43M
- Investors: Northzone, White Star Capital and 6 Others
- Latest Funding Round: Series A, Dec 16, 2020, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 49 of 4,441 Competitors
2. Vinter
Key facts about Vinter
- Founded Year: 2019
- Location: Stockholm (Sweden)
- Stage: Acquired
- Total Funding till date: $3.4M
- Investors: Octopus Ventures, ricketts-family.com and 7 Others
- Latest Funding Round: Seed, Jan 20, 2022, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 74 of 2,597 Competitors
3. Shido
Decentralized shared PoS blockchain network. It features cross-chain DEX, price alerts, fiat on & off ramp solutions, NFT gallery, ledger support, and a custom-built web3 browser.
Key facts about Shido
- Founded Year: 2021
- Location: Bromma (Sweden)
- Stage: Funding Raised
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 186 of 5,990 Competitors
4. Goobit
Online platform offering crypto exchange services. It allows both individuals and businesses to buy and sell cryptocurrencies on the platform. The brands offered by the platform for crypto exchange are BTCX Express and Standard BTCX.
Key facts about Goobit
- Founded Year: 2012
- Location: Stockholm (Sweden)
- Stage: Funding Raised
- Investors: Modelio Equity and Service Ventures
- Tracxn Score: 42/100 What is this?
- Competitors Rank: 112 of 4,441 Competitors
5. KnCMiner
KnCMiner provides Bitcoin mining ASIC chips, chip design, software and services for blockchain-based applications and transaction processing. Has offering such as KnC Cloud Mining and KnC Wallet for consumers to mine and store bitcoins.
Key facts about KnCMiner
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 | 4921 | Mar 06, 2023 | ||
Seed | 6933 | Jan 20, 2022 | ||
Series A | 7893 | Dec 16, 2020 | - | |
Seed | 9650 | Oct 16, 2019 | ||
Series A | 3437 | 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
