How many total IT Services companies are there in Sweden?

As of January 2026, Sweden has 1079 active IT Services companies.

How many IT Services companies in Sweden are funded?

As of January 2026, 155 companies have received funding in this sector.

What is the total funding raised by IT Services companies in Sweden?

IT Services companies in Sweden have collectively raised $253M in funding till date.

Who are the top investors in IT Services companies in Sweden?

The top investors in IT Services companies in Sweden by number of investments are Uppsala Innovation Centre and EQT.

Which is the highest funded IT Services company in Sweden?

As of January 2026, evroc has raised $68.2M in funding, highest among the funded IT Services companies in Sweden.

IT Services in Sweden - 2026 Market & Investments Trends

The IT Services sector in Sweden comprises 1.3K companies, including 155 funded companies having collectively raised $253M in venture capital money and private equity. Out of these, 230 are Series A+ funded.

IT Services sector in Sweden has seen 179 acquisitions and 44 IPOs. This represents almost 17.1% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes services for design, development, installation, management and maintenance of IT infrastructure and software applications for enterprises.

IT Services sector is also known as IT Engineering Services or Technology Services.

Companies included in IT Services

Companies providing IT outsourcing services for software application development, software testing, big data, networking, security, virtualization, IT operations, data center, cloud, storage, hosting. Also includes companies distributing or reselling IT infrastructure equipment

Companies excluded in IT Services

Companies providing services related to management/strategy consulting, AR/VR consulting, and Enterprise services such as HR, Marketing, Legal, Telecom, BPO etc

Key Metrics

Total Companies

1.3K

Top Companies

Enea, evroc & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

179

Also known as

IT Engineering Services or Technology Services

View complete details of this sector

There are more than 1.3K companies in IT Services in Sweden. Enea is the top IT Services company in Sweden, ranked using Tracxn Score (what's this?).

Here are 5 of the top IT Services companies in Sweden:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Enea	Network operating system for enterprises	Stockholm (Sweden)	1965	Acquired	-
evroc	Provider of cloud, storage, networking, and other services	Stockholm (Sweden)	2016	Series A	$68.2M
Addnode Group	Provider of software development and IT consulting services	Stockholm (Sweden)	2003	Public	-
Prevas	Provider of IT suite services	Vasteras (Sweden)	1985	Public	-
Proact	Managed cloud, professional and support services	Solna (Sweden)	1994	Public	-

Get a longer list of companies

Companies founded year-on-year in the IT Services sector in Sweden

123 IT Services 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	6
2023	24
2022	43
2021	64
2020	84
2019	86
2018	123
2017	81

Stage-wise distribution of IT Services sector companies in Sweden

Out of the total 1,305 IT Services companies in Sweden, 155 have secured funding. Among them, 230 have reached Series A or higher, and 227 to Series B or beyond.

Founded - 1,305

Funded - 155

Series A+ - 230

Series B+ - 227

Series C+ - 227

Company Stage	No. of companies
Founded	1,305
Funded	155
Series A+	230
Series B+	227
Series C+	227

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Total funding year-on-year in the IT Services sector in Sweden

The IT Services sector in Sweden saw a total funding of more than $156M in the last 10 years. The most amount of funding was in 2025 at more than $58.7M.

Total Funding

Year	Total Funding
2025	$58.7M
2024	$28.7M
2023	$53.1M
2022	$2.66M
2021	$949K
2020	$2.84M
2019	$268K
2018	-
2017	$984K

Recent Funding Rounds in IT Services in Sweden

In the year 2025, till April 2025, IT Services companies in Sweden have raised $56.3M in equity funding across 2 rounds. In the same period last year (i.e. till April 2024), IT Services companies in Sweden had raised equity funding across 2 rounds.

Here are some recent, important funding rounds in IT Services companies in Sweden:

Company	Round Raised	Amount Raised	Funding Date	Investors
ELVA11	Seed	9087	Apr 29, 2025	Tech Universal
evroc	Series A	5085	Mar 21, 2025	Blisce and 3 more
Aixia	Seed	4804	Jul 10, 2024	Arista
OKAPI Technologies	Unattributed	6333	Jun 24, 2024	The Radical Fund and 2 more
Arctic Space	Seed	3802	Apr 04, 2024	Northern Capsek Ventures

See a more detailed list of funding rounds

Uppsala Innovation Centre is the top investor in IT Services companies in Sweden based on number of companies invested.

Here are some top investors in IT Services companies in Sweden:

Investor	Location	Top Portfolio Companies
Uppsala Innovation Centre	Uppsala (Sweden)	Swedish e-identity, Soft Robot, Intromedia and Wahoo Development
EQT	Stockholm (Sweden)	evroc, GlobalConnect and Iver
KKR	New York City (United States)	-
Ideon Innovation	Lund (Sweden)	Elastic Move, Nikdev, Paxx Media and ODD Bits
CVC	New York City (United States)	-

See a more detailed list of investors

In the year 2025, till December 2025, 16 acquisitions happened in IT Services sector in Sweden. Last year, in 2024, a total of 16 acquisitions happened in IT Services sector in Sweden.

Here are some recent, important acquisitions in IT Services sector in Sweden:

Company	Acquisition Type	Acquisition Date	Acquirers
Northprim	Business Acquisition	Dec 19, 2025	Acumant
BizOne	Business Acquisition	Nov 07, 2025	-
Webland	Business Acquisition	Oct 22, 2025	Aixia
Bizware	Business Acquisition	Sep 16, 2025	Yellow Elk
The AI Framework	Business Acquisition	Jul 04, 2025	Advania

See a more detailed list of acquisitions

Acquisition trends in IT Services sector in Sweden

Here are the acquisition trends in IT Services sector in Sweden:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	16
2024	16
2023	16
2022	29
2021	22
2020	9
2019	15
2018	18
2017	9

In the year 2025, till September 2025, 1 IPO happened in IT Services sector in Sweden.

Here are some recent, important IPOs in IT Services sector in Sweden:

Company	IPO Date	Exchange Symbol
Qbim	Sep 30, 2025	Stockholm Stock Exchange (STO)
EPTI	Jun 03, 2022	Frankfurt Stock Exchange (FRA)
EPTI	May 15, 2020	Nordic and Baltic regions (NASDAQ OMX)
Vitec	Feb 14, 2020	Frankfurt Stock Exchange (FRA)
CAG	Dec 14, 2018	Stockholm Stock Exchange (STO)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the IT Services in Sweden

Most number of IT Services startups in Sweden have been founded by alumni from Copenhagen Business School, Harvard Business School and KTH Royal Institute of Technology.

College	No. of companies
Copenhagen Business School	1
Harvard Business School	1
KTH Royal Institute of Technology	1
London Business School (LBS)	1
Massachusetts Institute of Technology	1