Swedish start-ups fare better than predicted

According to Breakit’s analysis of venture capital for the third quarter of 2016, Swedish investors are not decreasing investments, as some previous analyses have indicated. Instead, the enormous investments in the music-streaming giant, Spotify, cast a shadow over other large funding rounds benefiting Swedish tech start-ups. Breakit’s analysis shows that overall, investments in Swedish tech start-ups have gone up. The news site also lists the 30 most heavily invested-in tech start-ups. Universal Avenue, which helps companies find brand ambassadors in new markets, health app Lifesum and Gothenburg-based diabetes app Diasend have received the largest sums in recent months.

Tagged , .

Edgar Mannheimer is a journalist at Mundus News. Edgar has a passion for politics, foreign affairs and music. He grew up in Egypt, the US, Stockholm, and Jordan, following his mother’s job as a foreign correspondent. Bilingual with English as an academic language and Swedish as his mother tongue, he returned to Sweden to study at Lund University, where he received a Bachelor’s Degree in Political Science and Arabic/Middle Eastern Studies. During his time in Lund he was editor-in-chief of Radio UPF, the radio committee of the Association of Foreign Affairs, and also started a music program as a solo project. After Lund, he moved to Stockholm and recieved a Master’s degree in journalism from Stockholm University’s media institution, JMK.