Series Unknown Funded Startups in Sweden
Across these 50 Sweden listings tagged “Series Unknown,” the size distribution is heavily skewed: Froda’s $104M round (2025-02-05) is the largest disclosed…
Across these 50 Sweden listings tagged “Series Unknown,” the size distribution is heavily skewed: Froda’s $104M round (2025-02-05) is the largest disclosed amount, and it sits far above the next-largest disclosed rounds of $50M (Raysearch Laboratories, 2025-03-18) and $49M (ZetaDisplay, 2025-03-14; Alight, 2025-03-04). At the other end, the smallest disclosed round is $40K for Clean Motion (2025-07-02), creating a wide disclosed range within the same “series unknown” label.
The dates also cluster rather than spread evenly: 16 of the 50 rounds fall between 2025-06-24 and 2025-08-28 (BoardClic on 2025-08-28 at $2M; Greater Than on 2025-08-27 at $1M). Geographically, entries repeatedly center on Stockholm (including BoardClic 2025-08-28, Quartr 2025-07-28 at $10M, and Froda 2025-02-05 at $104M), while Skåne (e.g., Anoto Group in Lund on 2025-08-21 at $400K, ZetaDisplay in Malmö on 2025-03-14 at $49M) and Västra Götaland (e.g., PulPac in Gothenburg area on 2025-07-03 at $24M; Ribocure Pharmaceuticals in Mölndal on 2025-07-02 at $33M) recur as major second hubs. Sector-wise, Biotechnology is the most frequent theme (6 entries), followed by Financial Services (5) and Energy (4), and there are 4 rows with “undisclosed” amounts (e.g., Wint on 2025-06-24; Solace Care on 2025-05-22).
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Frequently asked
What stands out in round sizes for these Sweden “Series Unknown” entries?
Froda’s $104M (2025-02-05) is the largest disclosed amount by a wide margin, exceeding the next-largest disclosed rounds of $50M (Raysearch Laboratories, 2025-03-18) and $49M (ZetaDisplay, 2025-03-14; Alight, 2025-03-04). On the low end, Clean Motion’s $40K (2025-07-02) is the smallest disclosed amount.
Do the rounds cluster in time rather than spread evenly across the listing period?
Yes. Within the most recent window, 16 of the 50 rounds fall between 2025-06-24 and 2025-08-28 (e.g., Wint on 2025-06-24; Qlucore on 2025-06-24 at $580K; Genova on 2025-08-25 at $34M; BoardClic on 2025-08-28 at $2M). The oldest listed entry is Open Payments on 2025-01-23 at $3M.
Which sectors dominate the “Series Unknown” mix, and how concentrated are they?
Biotechnology is the most common sector with 6 entries (e.g., Anocca $46M on 2025-08-18; OssDsign AB $17M on 2025-06-03; Cantargia $3M on 2025-06-17). Financial Services follows with 5 entries (e.g., Quartr $10M on 2025-07-28; Senseworks $3M on 2025-02-15), while Energy has 4 entries (e.g., Minesto $3M on 2025-06-27 and Midsummer $3M on 2025-04-09).
Are there notable city-level concentrations across these rounds?
Stockholm appears repeatedly across dates and sizes, including BoardClic (Stockholm) on 2025-08-28 at $2M, Quartr (Stockholm) on 2025-07-28 at $10M, and Froda (Stockholm) on 2025-02-05 at $104M. Skåne-based listings also recur, with Lund and Malmö showing up multiple times (e.g., Anoto Group in Lund at $400K on 2025-08-21; ZetaDisplay in Malmö at $49M on 2025-03-14).
Are “undisclosed” amounts common, and do they affect how you should interpret outliers?
Four of the 50 rows list “undisclosed” amounts, including Wint (2025-06-24) and Solace Care (2025-05-22). Because “undisclosed” rows can’t be compared for magnitude, the clear outlier for disclosed size remains Froda’s $104M (2025-02-05), while Raysearch Laboratories ($50M on 2025-03-18) and ZetaDisplay/Alight (both $49M on 2025-03-14 and 2025-03-04) form the next highest disclosed cluster.
Which entries are the clear upper-tier disclosed rounds besides the maximum?
Beyond Froda’s $104M (2025-02-05), the next tier includes Raysearch Laboratories at $50M (2025-03-18) and two $49M rounds: ZetaDisplay on 2025-03-14 and Alight on 2025-03-04. Other high disclosed rounds cluster in the ~$30M–$46M band, including Anocca $46M (2025-08-18) and Ribocure Pharmaceuticals $33M (2025-07-02) alongside Genova $34M (2025-08-25).
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