Country comparison
Australia vs Sweden: startup funding compared
Since 5 June 2025, startups in Australia raised $4.7B across 113 rounds, 1.3 times Sweden's $3.7B.
Capital raised running total by month
Where the money goes share of capital by sector
Australia
Sweden
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Australia | Sweden |
|---|---|---|
| Antler | 6 | 5 |
| Investible | 8 | · |
| Industrifonden | · | 7 |
| Almi Invest | · | 6 |
| EVP | 6 | · |
| Luminar Ventures | · | 6 |
| Accel | 1 | 4 |
| Airtree Ventures | 5 | · |
| OIF Ventures | 5 | · |
| Startmate | 5 | · |
| Airtree | 4 | · |
| Blackbird | 4 | · |
Startup hubs rounds and capital by city
Australia
Sweden
Latest rounds
Questions
Which country raised more startup funding, Australia or Sweden?
Australia. Since 5 June 2025, startups in Australia raised $4.7B across 113 rounds, against $3.7B across 91 rounds in Sweden, 1.3 times more. That is 0.7% and 0.5% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Australia and Sweden?
113 rounds in Australia and 91 rounds in Sweden since 5 June 2025, about 7 and 5 a month.
Are startup rounds bigger in Australia or Sweden?
The median round is $6.4M in Australia and $6.3M in Sweden, and the average round $41.5M and $40.6M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in Australia?
The biggest startup rounds in Australia since 5 June 2025 are Firmus ($2B, 7 Aug 2026), Firmus Technologies ($505M, Growth, 6 Apr 2026) and Firmus Technologies ($326M, 14 Nov 2025).
What is the biggest startup round in Sweden?
The biggest startup rounds in Sweden since 5 June 2025 are Neko Health ($699M, Series C, 15 Jul 2026), Legora ($550M, Series E, 10 Mar 2026) and Lovable ($400M, Series C, 12 Aug 2026).
Which sectors attract the most startup funding in Australia and Sweden?
In Australia, AI ($3.3B, 70% of the capital), Fintech ($399M, 9%) and Climate & Energy ($218M, 5%) lead. In Sweden, AI ($2.1B, 57% of the capital), Health ($831M, 22%) and Climate & Energy ($383M, 10%) lead.
Is Australia or Sweden better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 58% of rounds in Australia and 55% in Sweden. Australia recorded 44 Pre-Seed or Seed rounds and Sweden 42 Pre-Seed or Seed rounds, with a median of $1.9M and $2.9M.
How much growth funding (Series B and later) goes to Australia and Sweden?
Startups in Australia raised $1B in 17 Series B or later rounds, 22% of the country's capital. In Sweden, $2.4B in 9 rounds, 65% of the capital.
Who are the most active startup investors in Australia?
Investible (8 rounds, 2 led), EVP (6 rounds, 2 led) and Antler (6 rounds, 2 led) are the most active investors in Australia.
Who are the most active startup investors in Sweden?
Industrifonden (7 rounds, 4 led), Luminar Ventures (6 rounds, 2 led) and Almi Invest (6 rounds) are the most active investors in Sweden.
Which investors back startups in both Australia and Sweden?
6 investors joined rounds in both countries. The most active: Antler (6 in Australia, 5 in Sweden), Accel (1 in Australia, 4 in Sweden), Octopus Ventures (2 in Australia, 1 in Sweden), Regeneration VC (1 in Australia, 1 in Sweden) and Systemiq Capital (1 in Australia, 1 in Sweden).
Which cities lead startup funding in Australia and Sweden?
Sydney leads Australia with $2.4B across 36 rounds, ahead of Melbourne ($336M). Stockholm leads Sweden with $2.2B across 61 rounds, ahead of Lund ($79.4M).
Which month brought the most startup funding?
In Australia, August 2026 ($2.1B). In Sweden, July 2026 ($702M).
How much did startups in Australia and Sweden raise in the last 90 days?
In the 90 days to 29 Oct 2026, startups in Australia raised $2.1B across 8 rounds and in Sweden $751M across 14 rounds.
Where does this data come from?
FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.