Country comparison
Canada vs Sweden: startup funding compared
Since 9 June 2025, startups in Canada raised $4.8B across 114 rounds, 1.3 times Sweden's $3.7B.
Capital raised running total by month
Where the money goes share of capital by sector
Canada
Sweden
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Canada | Sweden |
|---|---|---|
| Industrifonden | · | 7 |
| Y Combinator | 3 | 4 |
| Almi Invest | · | 6 |
| BDC Capital | 6 | · |
| Garage Capital | 6 | · |
| Inovia Capital | 6 | · |
| Khosla Ventures | 5 | 1 |
| Luminar Ventures | · | 6 |
| Accel | 1 | 4 |
| Antler | · | 5 |
| General Catalyst | 2 | 3 |
| Investissement Québec | 5 | · |
Startup hubs rounds and capital by city
Canada
Sweden
Latest rounds
Questions
Which country raised more startup funding, Canada or Sweden?
Canada. Since 9 June 2025, startups in Canada raised $4.8B across 114 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 Canada and Sweden?
114 rounds in Canada and 91 rounds in Sweden since 9 June 2025, about 6 and 5 a month.
Are startup rounds bigger in Canada or Sweden?
The median round is $6M in Canada and $6.3M in Sweden, and the average round $42.2M 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 Canada?
The biggest startup rounds in Canada since 9 June 2025 are Waabi ($750M, 30 Jan 2026), Clio ($500M, Series G, 10 Nov 2025) and Cohere ($500M, 14 Aug 2025).
What is the biggest startup round in Sweden?
The biggest startup rounds in Sweden since 9 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 Canada and Sweden?
In Canada, AI ($2.1B, 43% of the capital), Robotics & Hardware ($1.2B, 25%) and Enterprise software ($372M, 8%) lead. In Sweden, AI ($2.1B, 57% of the capital), Health ($831M, 22%) and Climate & Energy ($383M, 10%) lead.
Is Canada or Sweden better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in Canada and 55% in Sweden. Canada recorded 45 Pre-Seed or Seed rounds and Sweden 42 Pre-Seed or Seed rounds, with a median of $3.3M and $2.9M.
How much growth funding (Series B and later) goes to Canada and Sweden?
Startups in Canada raised $1.9B in 20 Series B or later rounds, 39% of the country's capital. In Sweden, $2.4B in 9 rounds, 65% of the capital.
Who are the most active startup investors in Canada?
BDC Capital (6 rounds, 2 led), Inovia Capital (6 rounds, 1 led) and Garage Capital (6 rounds, 1 led) are the most active investors in Canada.
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 Canada and Sweden?
13 investors joined rounds in both countries. The most active: Y Combinator (3 in Canada, 4 in Sweden), Khosla Ventures (5 in Canada, 1 in Sweden), General Catalyst (2 in Canada, 3 in Sweden), Accel (1 in Canada, 4 in Sweden) and Bessemer Venture Partners (2 in Canada, 2 in Sweden).
Which cities lead startup funding in Canada and Sweden?
Toronto leads Canada with $2.3B across 37 rounds, ahead of Vancouver ($903M). Stockholm leads Sweden with $2.2B across 61 rounds, ahead of Lund ($79.4M).
Which month brought the most startup funding?
In Canada, January 2026 ($1.2B). In Sweden, July 2026 ($702M).
How much did startups in Canada and Sweden raise in the last 90 days?
In the 90 days to 10 Nov 2026, startups in Canada raised $274M across 9 rounds and in Sweden $351M across 13 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.