Series B Funded Startups in Sweden
Among disclosed rounds in this Sweden Series B snapshot, the largest amount is Heart Aerospace at $107M (2024-02-01), and it sits clearly above the next-la…
Among disclosed rounds in this Sweden Series B snapshot, the largest amount is Heart Aerospace at $107M (2024-02-01), and it sits clearly above the next-largest disclosed rounds such as Instabox at $90M (2021-02-10) and Legora at $80M (2025-05-21). At the same time, the smallest disclosed amount is Fast Travel Games at $4M (2021-07-01), producing a wide spread between the top and bottom of disclosed deals.
Date-wise, the entries cluster around mid-2025 through early 2024: Legora ($80M, 2025-05-21), Froda ($23M, 2025-04-23), Gesynta Pharma ($27M, 2025-01-20), and Heart Aerospace ($107M, 2024-02-01). Sector concentrations also show up in the geography: Stockholm, Stockholms Lan hosts the majority of companies (including Legora, Froda, Baseload Capital, TrusTrace, and Hedvig), while additional hubs appear in Göteborg (Heart Aerospace; 2024-02-01) and Linköping (SweGaN; 2024-09-18). Across the 24 rows, Series B is the consistent stage, with 3 rounds marked undisclosed (CorPower Ocean in 2025-07-07; Mynt in 2025-04-10; and none otherwise in the undisclosed pattern).
Most recent rounds
24 shownRelated listings
Frequently asked
What does the size distribution look like for disclosed Series B rounds in Sweden, and is there a clear outlier?
Heart Aerospace’s $107M (2024-02-01) is the largest disclosed round in the list, with Instabox’s $90M (2021-02-10) and Legora’s $80M (2025-05-21) the next-highest amounts. The smallest disclosed round is Fast Travel Games at $4M (2021-07-01), making the disclosed range notably wide.
Where do rounds cluster by geography—does Stockholm dominate, or are there multiple meaningful centers?
Stockholm, Stockholms Lan appears repeatedly across companies such as Legora (2025-05-21), Froda (2025-04-23), Baseload Capital (2024-09-04), TrusTrace (2024-01-18), and Hedvig (2023-03-10). Outside Stockholm, notable non-Stockholm entries include Heart Aerospace in Göteborg (2024-02-01) and SweGaN in Linköping (2024-09-18).
Are there noticeable time windows in the most recent Series B rounds shown (e.g., many deals in a short span)?
The list’s most recent edge is 2025-07-07 (CorPower Ocean, undisclosed), while the oldest shown is 2021-01-14 (Minna Technologies, $19M). Within the displayed data, there is a dense run from 2025-01 through 2025-05, including Gesynta Pharma ($27M, 2025-01-20), A pipeline from April (Froda at $23M on 2025-04-23; Legora at $80M on 2025-05-21).
Which sectors show up most often across these Series B deals?
Artificial Intelligence (AI) appears multiple times: Legora ($80M, 2025-05-21), Sana ($34M, 2022-12-13), and Ekkono Solutions ($3M, 2022-08-12). Financial Services is also repeatedly represented, including Froda ($23M, 2025-04-23), Baseload Capital ($59M, 2024-09-04), Hedvig ($31M, 2023-03-10), Anyfin ($10M, 2021-09-07), and Minna Technologies ($19M, 2021-01-14).
Do any entries stand out as unusually small or unusually large relative to other disclosed rounds in this list?
Yes. Fast Travel Games at $4M (2021-07-01) is much smaller than most other disclosed amounts, while Heart Aerospace at $107M (2024-02-01) is the largest disclosed deal and is materially above the next tier (Instabox at $90M on 2021-02-10; Legora at $80M on 2025-05-21).
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