About Deep Tech sector in Sweden
The Deep Tech sector in Sweden comprises 1.01K companies, including 429 funded companies having collectively raised $21.7B in venture capital money and private equity. Out of these, 201 are Series A+ funded, and 6 have achieved unicorn status.
Deep Tech sector in Sweden has seen 83 acquisitions and 58 IPOs. This represents almost 14.0% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
This sector includes companies that are developing products based on innovative technology and scientific developments such as blockchain, AI, advanced robotics, IoT , etc.
Deep Tech sector is also known as DeepTech, Deep-Tech, Digital Deep or Deep Technology Solutions.
Includes companies implementing technologies like blockchain, artificial intelligence, computer vision, robotics, nanotechnology, IoT into their products. Also includes companies providing infrastructure to develop blockchain, AI, IoT technology such as development tools, smart contracts, and sensor technology, among others. Excludes companies developing products of conventional technology (Shallow Tech) such as conventional digital platforms, conventional robotics in industrial automation, among others.
Top Deep Tech Companies in Sweden
There are 1,009 Deep Tech startups in Sweden which include Einride, Sanalabs, Lovable, Northvolt, Legora. Out of these, 429 startups are funded, with 201 having secured Series A+ funding, and 6 achieving unicorn status.
2026 has seen the creation of 32 Deep Tech startups in Sweden. Over the past 10 years, an average of 46 new companies have been launched annually. Notably, several of these startups have been founded by alumni of KTH Royal Institute of Technology, Uppsala University and Chalmers University of Technology.
Here is the list of top Deep Tech startups in Sweden
1. Einride
Provider of electric and autonomous freight transportation solutions. It integrate smart vehicles, AI-powered logistics software, and charging infrastructure for sustainable road freight operations. It combines autonomous vehicles, electric trucking operations, intelligent charging infrastructure, and AI-powered fleet management software into a unified logistics ecosystem. Its solutions optimize freight movement through real-time data analysis, route management, energy optimization, and operational automation, enabling businesses to reduce emissions, improve efficiency, and transition toward sustainable transportation at scale across global markets.
Key facts about Einride
2. Sanalabs
Developer of AI agents and an AI-native learning management system. The company provides tools for enterprise search, content creation, sales enablement, and compliance training. It offers solutions for employee onboarding, external training, and leadership development. The company also provides integrations, events, and security features.
Key facts about Sanalabs
- Founded Year: 2016
- Location: Stockholm (Sweden)
- Stage: Acquired
- Total Funding till date: $136M
- Investors: New Enterprise Associates, EQT and 19 Others
- Latest Funding Round: Series C, Oct 30, 2024, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 15 of 3,298 Competitors
3. Lovable
Developer of an AI platform for building applications and websites. The platform enables users to create software through conversational interaction with artificial intelligence. It provides tools for developing various types of applications. The platform supports users in designing and deploying software solutions.
Key facts about Lovable
- Founded Year: 2023
- Location: Stockholm (Sweden)
- Stage: Series C
- Total Funding till date: $1.05B
- Investors: Menlo Ventures, CapitalG and 54 Others
- Latest Funding Round: Series C, Aug 12, 2026, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 15 of 1,151 Competitors
4. Northvolt
Manufacturer of lithium-ion batteries for electric vehicles. It provides solutions for new production technologies to deliver low-cost lithium-ion batteries to be used in electric and off-highway vehicles. It provides custom cells optimized for a particular application, battery system, and more.
Key facts about Northvolt
- Founded Year: 2016
- Location: Stockholm (Sweden)
- Stage: Acquired
- Total Funding till date: $9B
- Investors: Goldman Sachs, Volkswagen and 52 Others
- Latest Funding Round: Conventional Debt, Mar 14, 2024, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 2 of 306 Competitors
5. Legora
Developer of agentic software for automating complex legal work tasks. This system connects information, communication, and execution to manage legal workflows. It functions by planning, executing, and reviewing documents to assist with research, drafting, and regulatory monitoring. The software integrates with existing communication tools to facilitate document organization and analysis across various practice areas.
Key facts about Legora
- Founded Year: 2023
- Location: Stockholm (Sweden)
- Stage: Series E
- Total Funding till date: $1.42B
- Investors: Redpoint Ventures, Atreides Management and 38 Others
- Latest Funding Round: Series E, Oct 21, 2026, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 5 of 1,168 Competitors
Companies founded year-on-year in the Deep Tech sector in Sweden
32 new startups have been founded so far in 2026 in the Deep Tech sector in Sweden. 69 Deep Tech 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 | 32 |
2025 | 39 |
2024 | 24 |
2023 | 32 |
2022 | 44 |
2021 | 61 |
2020 | 57 |
2019 | 61 |
2018 | 69 |
2017 | 45 |
Stage-wise distribution of Deep Tech sector companies in Sweden
Out of the total 1,009 Deep Tech companies in Sweden, 429 have secured funding. Among them, 201 have reached Series A or higher, and 165 to Series B or beyond.
Founded - 1,009
Funded - 429
Series A+ - 201
Series B+ - 165
Series C+ - 151
Company Stage | No. of companies |
|---|---|
Founded | 1,009 |
Funded | 429 |
Series A+ | 201 |
Series B+ | 165 |
Series C+ | 151 |
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Funding Trends in the Deep Tech sector in Sweden
Total funding year-on-year in the Deep Tech sector in Sweden
The Deep Tech sector in Sweden saw a total funding of more than $21B in the last 10 years. The most amount of funding was in 2024 at more than $5.47B. There has been a total funding of $1.8B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.8B |
2025 | $1.21B |
2024 | $5.47B |
2023 | $2.32B |
2022 | $2.32B |
2021 | $3.2B |
2020 | $2.57B |
2019 | $1.8B |
2018 | $235M |
2017 | $70.8M |
Recent Funding Rounds in Deep Tech in Sweden
In the year 2026, till October 2026, Deep Tech companies in Sweden have raised $1.77B in equity funding across 25 rounds.
In the same period last year (i.e. till October 2025), Deep Tech companies in Sweden had raised $637M across 28 rounds.
So, 2026 has seen a 178.46% rise in funding in Deep Tech companies in Sweden as compared to 2025.
Here are some recent, important funding rounds in Deep Tech companies in Sweden:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4528 | Oct 26, 2026 | - | |
Series E | 2517 | Oct 21, 2026 | ||
Series C | 1245 | Oct 15, 2026 | ||
Seed | 5270 | Sep 28, 2026 | ||
Seed | 8967 | Sep 24, 2026 |
Top Investors in Deep Tech in Sweden
EQT is the top investor in Deep Tech companies in Sweden based on number of companies invested.
Here are some top investors in Deep Tech companies in Sweden:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Lund (Sweden) | ||
London (United Kingdom) | ||
Stockholm (Sweden) | ||
Stockholm (Sweden) |
M&A activity in Deep Tech sector in Sweden
In the year 2026, till September 2026, 5 acquisitions happened in Deep Tech sector in Sweden. Last year, in 2025, a total of 7 acquisitions happened in Deep Tech sector in Sweden.
Here are some recent, important acquisitions in Deep Tech sector in Sweden:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 25, 2026 | - | |
Business Acquisition | Jun 01, 2026 | ||
Business Acquisition | Mar 09, 2026 | ||
Business Acquisition | Feb 12, 2026 | ||
Business Acquisition | Feb 02, 2026 |
Acquisition trends in Deep Tech sector in Sweden
Here are the acquisition trends in Deep Tech sector in Sweden:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 5 |
2025 | 7 |
2024 | 3 |
2023 | 9 |
2022 | 11 |
2021 | 4 |
2020 | 5 |
2019 | 5 |
2018 | 6 |
2017 | 9 |
IPOs in Deep Tech in Sweden
In the year 2026, till September 2026, 1 IPO happened in Deep Tech sector in Sweden.
Here are some recent, important IPOs in Deep Tech sector in Sweden:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 30, 2026 | Stockholm Stock Exchange (STO) | |
Dec 09, 2022 | Stockholm Stock Exchange (STO) | |
Dec 17, 2021 | Frankfurt Stock Exchange (FRA) | |
Dec 10, 2021 | Stockholm Stock Exchange (STO) | |
Sep 24, 2021 | Nordic and Baltic regions (NASDAQ OMX) |
Colleges which produce the most Deep Tech companies in Sweden
Companies founded by alumni from top colleges in the Deep Tech in Sweden
Most number of Deep Tech startups in Sweden have been founded by alumni from KTH Royal Institute of Technology, Uppsala University and Chalmers University of Technology.
College | No. of companies |
|---|---|
KTH Royal Institute of Technology | 10 |
Uppsala University | 6 |
Chalmers University of Technology | 4 |
Aalto University | 3 |
Lund University | 3 |
Stanford University | 3 |
Stockholm University | 3 |
INSEAD | 2 |
Linköping University | 2 |
Massachusetts Institute of Technology | 2 |
Total funding in Deep Tech companies founded by alumni from top colleges in Sweden
In the last 10 years, University of Gothenburg graduates' Deep Tech companies in Sweden have raised the most funding among top colleges. Chalmers University of Technology alumni are second, and KTH Royal Institute of Technology alumni are third.
College | Total Funding |
|---|---|
University of Gothenburg | $893M |
Chalmers University of Technology | $892M |
KTH Royal Institute of Technology | $97.8M |
Stanford University | $58M |
Aalto University | $37.6M |
INSEAD | $23M |
Massachusetts Institute of Technology | $23M |
Cornell University | $12.6M |
IIT Delhi | $12.6M |
Uppsala University | $7.2M |
Top News in Deep Tech in Sweden
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HMS Networks AB (publ) (HMNKF) Q3 2026 Earnings Call TranscriptSeeking Alpha•Oct 21, 2026•HMS Networks
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With the new VENTUNO Q board, Arduino hopes to make robotics development easierThe Robot Report•Sep 23, 2026•Arduino
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CTEK Launches Eichrecht-Compliant CC3e EV Charger at Automechanika FrankfurtCision•Sep 09, 2026•CTEK
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Ascelia Pharma Announces FDA Has Scheduled Type A Meeting for Orviglance NDA on September 9, 2026Access Newswire•Aug 17, 2026•Ascelia
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