Funded Gaming Startups in Sweden

Ninjas in Pyjamas has the largest disclosed amount at $40M (2025-01-17). The next-highest disclosed figure is $25M for Resolution Games (2021-07-14), and below that most disclosed rounds sit well under $15M (for example Goals at $15M on 2022-04-05 and Coherence at $8M on 2022-04-14).

They cluster near the top of the list: 5 of 18 rounds fall between 2024-06-12 (Jumpgate) and 2025-02-24 (Acroud). Earlier rounds extend back to 2020-08-20 (Hiber), creating a longer tail, but the newest stretch is denser.

Yes, Stockholm accounts for most entries, including Acroud ($6M on 2025-02-24), Ninjas in Pyjamas ($40M on 2025-01-17), Bower ($2M on 2023-11-08), Fast Travel Games ($4M on 2023-10-10), and Coherence ($8M on 2022-04-14). Other cities appear but less frequently, such as Gothenburg (Hiber, $2M on 2020-08-20) and Malmö (Coherence, $8M on 2022-04-14).

Seed and later-stage rounds both appear alongside “Series Unknown”: “Series Unknown” is listed in 5 of 18 rows (including Acroud and Ninjas in Pyjamas), while Seed is shown on entries such as Goals ($15M on 2022-04-05) and Coherence is labeled Series A ($8M on 2022-04-14). Late-stage activity stands out with Resolution Games at Series C ($25M on 2021-07-14).

Two disclosures sit at the extremes: Ninjas in Pyjamas at $40M (2025-01-17) is the clear high outlier versus the $8M ceiling reached by Coherence, while the low end includes NAG Studios at $200K (2022-02-16). Separately, Snow Print Studios is an amount outlier for disclosure quality because its round is “undisclosed” (2023-03-27), so it doesn’t compare numerically.

Seven of 18 rows have unclear series/amount context: 5 are marked “Series Unknown” (Acroud 2025-02-24 through Ninjas in Pyjamas 2025-01-17, plus others), and Snow Print Studios is “undisclosed” (2023-03-27). Vorto Gaming (2021-05-06) and Challengermode (2020-08-26) also show blank series fields, even though their amounts are disclosed ($100K and $12M, respectively).