Funded Artificial Intelligence Startups in Sweden
The 45 most recent funding rounds among Sweden's AI startups span January 2021 through November 2025, with Stockholm and Stockholms Lan accounting for roug…
The 45 most recent funding rounds among Sweden's AI startups span January 2021 through November 2025, with Stockholm and Stockholms Lan accounting for roughly 35 of the entries. The single largest disclosed round in the set is Legora's $150M Series C (October 2025), a legal AI platform that represents a step-change in deal size relative to the rest of the cohort. Other notable Stockholm-based rounds include Sana's $55M (October 2024) and $34M Series B (December 2022), Leya's $25M Series A (July 2024), and Flower's $22M Series A (October 2024).
Outside the capital, Gothenburg contributes Annotell ($24M Series A, February 2022) and Precisely ($2M Seed, January 2021), while the Skane region — across Malmö and Lund — adds United Robots, WordDiagnostics, DBtune, and Sib Solutions. Stage distribution is broad: Pre-Seed entries like Heartspace ($420K) and Forloop.ai ($860K) sit alongside growth-stage rounds, with Seed being the most frequent disclosed stage. Nine rounds carry 2025 dates, indicating continued deal flow into late 2025.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Sweden's funded AI startups in this dataset?
Legora's $150M Series C (October 2025) is the largest single round shown — a legal AI platform based in Stockholm. The next largest are Sana's $55M round (October 2024) and $34M Series B (December 2022), followed by Leya's $25M Series A (July 2024) and Annotell's $24M Series A (February 2022). Rerun's $17M Seed (March 2025) is notably large for an early-stage round.
How concentrated are Sweden's funded AI startups in Stockholm versus other cities?
Stockholm and Stockholms Lan account for approximately 35 of the 45 rows. The Skane region — primarily Malmö and Lund — contributes companies including Finch, United Robots, WordDiagnostics, DBtune, Sib Solutions, and Sanctify Financial Technologies. Gothenburg and Vastra Gotaland add Annotell, Emsense, Eneryield, and Precisely, with one outlier (Ekkono Solutions) based in Tvååker in Hallands Lan.
Which AI application verticals are attracting the most capital in this set?
Legal AI stands out by total capital raised: Legora ($150M) and Leya ($25M) together account for more than $175M. Healthcare AI is represented by Collective Minds Radiology, Solace Care, Alex Therapeutics, and WordDiagnostics. Data infrastructure and ML tooling appears across Rerun ($17M Seed), Flower ($22M Series A), Logical Clocks ($6M Series A), and DBtune ($3M Seed). Energy management is a smaller but present vertical through Eneryield and Myrspoven.
What funding stages appear most frequently across these 45 rows?
Seed is the most common stage, with at least 15 entries including Rerun ($17M), Gilion ($11M), Supernormal ($10M), Kive ($7M), IPercept ($6M), and QA.tech ($3M). Series A rounds include Grasp, Flower, Leya, Annotell, and Logical Clocks. Pre-Seed entries — Stylee ($180K), Heartspace ($420K), Twirl ($3M), Forloop.ai ($860K), and Hypertype ($1M) — mark the earliest end. A significant portion of rows carry a 'Series Unknown' label, reflecting rounds where stage was not publicly disclosed.
Which companies have raised multiple visible rounds in this data?
Sana appears twice: a $34M Series B in December 2022 and a $55M round in October 2024, both from Stockholm. Flower also appears twice — a $2M Series A in August 2024 and a $22M Series A in October 2024 — suggesting either a supplemental close or a reclassification of an earlier tranche.
How active has Sweden's AI funding market been in 2025 specifically?
Nine of the 45 rows carry 2025 dates. The largest is Legora's $150M Series C (October 2025), followed by Rerun's $17M Seed (March 2025) and Grasp's $7M Series A (November 2025). Several smaller rounds also closed in 2025 — IPercept ($6M Seed, May), Finch ($1M, April), Find My Factory ($1M Seed, June), Sib Solutions ($1M, March), and Greater Than ($1M, August) — with Solace Care closing an undisclosed round in May.
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