Funding analyses for venture capital in the Nordics seem to be all the rage these days, however some are certainly more accurate than others. One that we are happy to endorse though, is Swedish venture capital fund Industrifonden’s report for tech funding in Sweden for Q1-3 2015.
Occasional The Nordic Web contributor Björn Bergström conducted the analysis and his full report has been embedded below.
Some key findings:
- Venture investments continue to rise, but the total amount is still driven by individual rounds (i.e. Spotify represents half, top 10 more than 80% of total investments)
- More funding rounds quarter-on-quarter, but the increase is mainly due to more smaller rounds, which impacts the median (small decrease)
- Domestic investors are still of great importance when it comes to taking startups to the growth stage. While foreign investors participate in about 40% of all Swedish funding rounds, there are significant differences depending on phase. Foreign investors participate in all later-stage growth rounds but only in one of five <1 MUSD rounds.
For further reading on venture capital in the Nordics check out our Q3 analysis, or our analysis comparing this point of 2015 to the same point in 2014.
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