Funded Hardware Startups in Sweden
Across the 11 most recent Sweden hardware funding entries, the largest disclosed round is Smart Eye’s $15M on 2024-10-07, which dwarfs the next-largest dis…
Across the 11 most recent Sweden hardware funding entries, the largest disclosed round is Smart Eye’s $15M on 2024-10-07, which dwarfs the next-largest disclosed amounts in this slice (Ovzon at $19M on 2023-02-03 is actually larger, and both $19M and $15M sit far above the cluster of $2M and $4M rounds such as TerraNet’s $2M on 2025-06-13, Forsway’s $2M on 2024-11-18, and STILRIDE’s $4M on 2022-10-10). The other disclosed figures include several sub-$1M rounds in Stockholm (e.g., Mentalytics at $400K on 2023-06-07 and Mother at $280K on 2023-06-05), making funding sizes notably polarized within the same geography.
Geographically, Stockholm and its metro area dominate: 6 of 11 companies are based in Stockholm, Solna, or Gothenburg (e.g., Blixt $5M in Stockholm on 2024-03-20; Ovzon $19M in Solna on 2023-02-03; Smoltek $20K in Gothenburg on 2026-06-04; Mentice $280K in Gothenburg on 2022-11-09). Temporally, rounds shown span 2022-10-10 through the most recent 2026-06-04 (Smoltek), with a dense 2023–2024 run that includes multiple disclosed rounds such as Ovzon ($19M, 2023-02-03) and Smart Eye ($15M, 2024-10-07).
Most recent rounds
11 shownRelated listings
Frequently asked
What’s the largest disclosed round in this Sweden hardware list, and how far ahead is it versus other disclosed amounts?
Ovzon’s $19M round on 2023-02-03 is the largest disclosed amount in the rows shown, and it is substantially above the next-largest disclosed rounds like Smart Eye’s $15M (2024-10-07) and the $5M/ $4M tier (Blixt $5M on 2024-03-20; STILRIDE $4M on 2022-10-10).
Which disclosed rounds are the smallest, and what do they imply about the funding range in this slice?
The smallest disclosed amount is Smoltek’s $20K on 2026-06-04, with several other low but larger rounds clustered under $1M such as Mother at $280K (2023-06-05) and Mentice at $280K (2022-11-09). This spread runs from $20K to $19M within the 11-entry window, indicating a wide funding-range mix.
Are there time clusters, such as multiple rounds landing in the same year-window, and where is the recent edge?
Yes. The list concentrates heavily in 2023–2024, including Ovzon ($19M, 2023-02-03), Mother ($280K, 2023-06-05), Mentalytics ($400K, 2023-06-07), and Smart Eye ($15M, 2024-10-07). The most recent entry is Smoltek on 2026-06-04 ($20K), while the oldest shown date is STILRIDE on 2022-10-10 ($4M).
Do any cities show over-representation across companies in this list?
Stockholm-area locations appear frequently: Stockholm itself is listed for Blixt ($5M on 2024-03-20), Mother ($280K on 2023-06-05), Ment-ality? (Mentalytics $400K on 2023-06-07), and Mentice is in Gothenburg ($280K on 2022-11-09) while Ovzon is in Solna ($19M on 2023-02-03). In contrast, Gothenburg appears for Smoltek ($20K, 2026-06-04) and Smart Eye is in Göteborg/Vastra Gotaland ($15M, 2024-10-07), making it a secondary hub alongside Stockholm/Solna.
How does stage labeling look in this slice, and are undisclosed/blank amounts concentrated?
Stage labels are sparse but skew toward “Series Unknown”: it appears for multiple entries including Smoltek (2026-06-04) and Smart Eye (2024-10-07), while Blixt has a blank stage on 2024-03-20 and Polar Light Technologies lists “undisclosed” amount on 2026-03-16. Only a few entries specify stages such as Pre-Seed (Mother, 2023-06-05) and Seed (STILRIDE, 2022-10-10).
Is there an outlier that stands out beyond just size, such as a very small round near the top of the date range?
Smoltek’s $20K on 2026-06-04 is a clear small-size outlier at the most recent edge of the list, sitting far below other recent multi-million rounds like TerraNet’s $2M (2025-06-13) and Forsway’s $2M (2024-11-18). Polar Light Technologies is another outlier category-wise because its amount is “undisclosed” on 2026-03-16.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.