# Swedish Startups Project $5.6 Billion in 2026 Venture Funding

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/28776
Published: 2026-10-09T07:07:46.000Z
Updated: 2026-10-09T07:07:46.000Z
Section: Business

> First-half funding reached $2.8 billion, putting Sweden on track for a 75% increase from 2025’s $3.2 billion total.

Swedish startups are projected to raise $5.6 billion in venture capital in 2026, highlighting a sharp increase in funding as major companies secure large rounds and expand their technology businesses.

Startups raised $2.8 billion during the first six months of the year. The full-year projection would represent a 75% increase from 2025’s $3.2 billion total. The $5 billion figure is a rounded forecast rather than a confirmed full-year result.

Major 2026 financing rounds included Lovable’s $400 million Series C announced Aug. 12 at a $13.3 billion valuation. Neko Health announced a $700 million Series C on July 15, while Legora announced a $550 million Series D on March 10 at a $5.55 billion valuation.

Max Junestrand, CEO and co-founder of Legora, said the financing would support the company’s U.S. expansion.

“This funding enables us to accelerate our U.S. growth – investing in talent and infrastructure, strengthening our presence in key markets, and ensuring we can support customers on the ground as they integrate AI into their core workflows,” Junestrand said.

Hjalmar Nilsonne, co-founder and CEO of Neko Health, said the company would enter the U.S. while continuing to invest in research and technology.

“With this round, we’re taking that mission to the US for the first time, while continuing to invest in the research and technology that make prevention possible at scale,” Nilsonne said.

Sweden’s gross domestic expenditure on research and development equaled 3.56% of GDP in 2024, the highest share among European Union countries. Sweden ranked second among 139 economies in the 2025 Global Innovation Index.

Swedish university researchers generally retain intellectual-property rights to their inventions under the country’s teacher exemption, unless another agreement applies. The country’s technology sector also includes companies with roots stretching back more than a century: Ericsson dates its founding to 1876, while Swedish predecessor ASEA was established in 1883.