About Deep Tech sector in Sweden
The Deep Tech sector in Sweden comprises 820 companies, including 398 funded companies having collectively raised $20.7B in venture capital money and private equity. Out of these, 192 are Series A+ funded, and 6 have achieved unicorn status.
Deep Tech sector in Sweden has seen 81 acquisitions and 55 IPOs. This represents almost 16.6% of all such companies - which is higher than the 5.0% 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.
Companies included in Deep Tech
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.Companies excluded in Deep Tech
Excludes companies developing products of conventional technology (Shallow Tech) such as conventional digital platforms, conventional robotics in industrial automation, among othersTop Deep Tech Companies in Sweden
There are more than 820 companies in Deep Tech in Sweden. Arduino is the top Deep Tech company in Sweden, ranked using Tracxn Score (what's this?).
Here are 5 of the top Deep Tech companies in Sweden:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of an open-source electronics prototyping platform | Malmo (Sweden) | 2005 | Acquired | $54M | |
Manufacturer of lithium-ion batteries for electric vehicles | Stockholm (Sweden) | 2016 | Acquired | $9B | |
AI interfaced collaborative learning and knowledge management platform for enterprises | Stockholm (Sweden) | 2016 | Acquired | $136M | |
Provider of Electric vehicle charging solutions | Vikmanshyttan (Sweden) | 1997 | Acquired | $123M | |
Platform offering autonomous electric trucks | Stockholm (Sweden) | 2016 | Series D | $652M |
Companies founded year-on-year in the Deep Tech sector in Sweden
61 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 |
|---|---|
2025 | 4 |
2024 | 15 |
2023 | 27 |
2022 | 33 |
2021 | 58 |
2020 | 52 |
2019 | 57 |
2018 | 61 |
2017 | 45 |
2016 | 53 |
Stage-wise distribution of Deep Tech sector companies in Sweden
Out of the total 820 Deep Tech companies in Sweden, 398 have secured funding. Among them, 192 have reached Series A or higher, and 161 to Series B or beyond.
Founded - 820
Funded - 398
Series A+ - 192
Series B+ - 161
Series C+ - 145
Company Stage | No. of companies |
|---|---|
Founded | 820 |
Funded | 398 |
Series A+ | 192 |
Series B+ | 161 |
Series C+ | 145 |
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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 $20.1B in the last 10 years. The most amount of funding was in 2024 at more than $5.45B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.27B |
2024 | $5.45B |
2023 | $2.59B |
2022 | $2.29B |
2021 | $3.21B |
2020 | $2.56B |
2019 | $1.81B |
2018 | $729M |
2017 | $79.5M |
Recent Funding Rounds in Deep Tech in Sweden
In the year 2025, till December 2025, Deep Tech companies in Sweden have raised $1.16B in equity funding across 32 rounds.
In the same period last year (i.e. till November 2024), Deep Tech companies in Sweden had raised $295M across 31 rounds.
So, 2025 has seen a 292.56% rise in funding in Deep Tech companies in Sweden as compared to 2024.
Here are some recent, important funding rounds in Deep Tech companies in Sweden:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 3769 | Dec 18, 2025 | ||
Series B | 5603 | Dec 11, 2025 | ||
Series A | 5465 | Dec 08, 2025 | and 5 more | |
Series B | 2312 | Nov 05, 2025 | - | |
Seed | 8390 | Nov 05, 2025 |
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 |
|---|---|---|
Stockholm (Sweden) | ||
Lund (Sweden) | ||
Stockholm (Sweden) | - | |
London (United Kingdom) | ||
Helsinki (Finland) |
M&A activity in Deep Tech sector in Sweden
In the year 2025, till October 2025, 7 acquisitions happened in Deep Tech sector in Sweden. Last year, in 2024, a total of 3 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 | Oct 07, 2025 | ||
Business Acquisition | Oct 2025 | ||
Business Acquisition | Sep 16, 2025 | ||
Business Acquisition | Sep 08, 2025 | ||
Business Acquisition | Aug 12, 2025 |
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 | - |
2025 | 7 |
2024 | 3 |
2023 | 9 |
2022 | 11 |
2021 | 4 |
2020 | 5 |
2019 | 6 |
2018 | 6 |
2017 | 9 |
IPOs in Deep Tech in Sweden
In the year 2022, till December 2022, 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 |
|---|---|---|
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) | |
Jul 09, 2021 | Stockholm Stock Exchange (STO), Frankfurt Stock Exchange (FRA) |
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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 Lund University, Aalto University and KTH Royal Institute of Technology.
College | No. of companies |
|---|---|
Lund University | 3 |
Aalto University | 2 |
KTH Royal Institute of Technology | 2 |
Uppsala University | 2 |
Cornell University | 1 |
Duke University | 1 |
Hong Kong University of Science and Technology (HKUST) | 1 |
IIT Delhi | 1 |
INSEAD | 1 |
Massachusetts Institute of Technology | 1 |
Total funding in Deep Tech companies founded by alumni from top colleges in Sweden
In the last 10 years, KTH Royal Institute of Technology graduates' Deep Tech companies in Sweden have raised the most funding among top colleges. Hong Kong University of Science and Technology (HKUST) alumni are second, and Aalto University alumni are third.
College | Total Funding |
|---|---|
KTH Royal Institute of Technology | $746M |
Hong Kong University of Science and Technology (HKUST) | $653M |
Aalto University | $32.9M |
Stanford University | $32.9M |
Cornell University | $12.6M |
IIT Delhi | $12.6M |
INSEAD | $5.33M |
Duke University | $1.17M |
University of Edinburgh | $1.09M |
Lund University | - |
Top News in Deep Tech in Sweden
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Microsoft Expands Bug Bounty to Cover All Services, Boosting Security Research RewardsSiliconAngle•Dec 12, 2025•Outpost24
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HMS Networks Commits to Net-Zero Emissions, Validated by Science-Based TargetsGlobeNewswire•Nov 20, 2025•HMS Networks
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Ascelia Pharma Announces FDA Acceptance of Orviglance New Drug Application for Reviewaccessnewswire.com•Nov 15, 2025•Ascelia
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Tech Data inks A/NZ distribution deal with Outpost24 for security solutionsReseller•Nov 13, 2025•Tech Data, Outpost24
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CTEK Unveils Next-Gen Lineup at SEMA 2025: Smarter, Stronger, More ConnectedPR Newswire•Nov 06, 2025•CTEK
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Mouser Electronics Supplies Arduino UNO Q for AI-Based Machine Vision and Sound SolutionsKorea Newswire•Oct 27, 2025•Mouser, STMicroelectronics, Qualcomm, Arduino
