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Country comparison

France vs Sweden: startup funding compared

Since 2 June 2025, startups in France raised $11.8B across 366 rounds, 3.2 times Sweden's $3.7B.

FrancevsSweden
$11.8BCapital raised$3.7B
366Rounds91
$6.9MMedian round$6.3M
1.7%Share of all capital0.5%
66%Early-stage rounds55%

Capital raised running total by month

$11.8B$5.9B France, end of Jun 25: $622MFrance, end of Jul: $1BFrance, end of Aug: $1BFrance, end of Sept: $3.7BFrance, end of Oct: $4.3BFrance, end of Nov: $4.6BFrance, end of Dec: $5BFrance, end of Jan 26: $5.4BFrance, end of Feb: $5.6BFrance, end of Mar: $6BFrance, end of Apr: $6.2BFrance, end of May: $6.5BFrance, end of Jun: $7.2BFrance, end of Jul: $7.5BFrance, end of Aug: $7.5BFrance, end of Sept: $11.2BFrance, end of Oct: $11.7BFrance, end of Nov: $11.8BSweden, end of Jun 25: $84.8MSweden, end of Jul: $298MSweden, end of Aug: $529MSweden, end of Sept: $601MSweden, end of Oct: $964MSweden, end of Nov: $985MSweden, end of Dec: $1.4BSweden, end of Jan 26: $1.4BSweden, end of Feb: $1.5BSweden, end of Mar: $2.1BSweden, end of Apr: $2.2BSweden, end of May: $2.2BSweden, end of Jun: $2.2BSweden, end of Jul: $2.9BSweden, end of Aug: $3.4BSweden, end of Sept: $3.6BSweden, end of Oct: $3.7BSweden, end of Nov: $3.7B Jun 25SeptDecMarJunSept
FranceSweden
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Where the money goes share of capital by sector

France

  • AI66%$7.7B
  • Other8%$883M
  • Health6%$752M
  • Fintech5%$594M
  • Climate & Energy4%$453M
  • Robotics & Hardware3%$383M

Sweden

  • AI57%$2.1B
  • Health22%$831M
  • Climate & Energy10%$383M
  • Fintech4%$164M
  • Other3%$124M
  • Robotics & Hardware2%$62.3M

Biggest rounds

France

  1. Mistral $3.5B 1
  2. Mistral AI $2B 2
  3. Alan $547M 3

Sweden

  1. Neko Health $699M 1
  2. Legora $550M 2
  3. Lovable $400M 3

Stage mix share of rounds

FranceSweden
47%Pre-Seed and Seed46%
19%Series A9%
5%Series B4%
3%Series C and later5%
26%Other or undisclosed35%

Most active investors rounds joined

InvestorFranceSweden
Bpifrance55·
Kima Ventures46·
Y Combinator104
Daphni11·
50 Partners10·
Better Angle10·
EIC Fund10·
Speedinvest10·
Alven9·
BNP Paribas Développement9·
Elaia9·
OVNI Capital9·

Startup hubs rounds and capital by city

France

  • Paris198$6.1B
  • Grenoble13$327M
  • Marseille5$150M
  • Malakoff1$117M
  • Lyon8$104M
  • Bordeaux7$87.2M

Sweden

  • Stockholm61$2.2B
  • Lund5$79.4M
  • Nora1$35.3M
  • Gothenburg8$23M
  • Linköping2$11.7M
  • Umea1$8.5M

Latest rounds

Questions

Which country raised more startup funding, France or Sweden?

France. Since 2 June 2025, startups in France raised $11.8B across 366 rounds, against $3.7B across 91 rounds in Sweden, 3.2 times more. That is 1.7% and 0.5% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in France and Sweden?

366 rounds in France and 91 rounds in Sweden since 2 June 2025, about 20 and 5 a month.

Are startup rounds bigger in France or Sweden?

The median round is $6.9M in France and $6.3M in Sweden, and the average round $32.1M 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 France?

The biggest startup rounds in France since 2 June 2025 are Mistral ($3.5B, Series D, 8 Sept 2026), Mistral AI ($2B, Series C, 9 Sept 2025) and Alan ($547M, 29 Jun 2026).

What is the biggest startup round in Sweden?

The biggest startup rounds in Sweden since 2 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 France and Sweden?

In France, AI ($7.7B, 66% of the capital), Health ($752M, 6%) and Fintech ($594M, 5%) lead. In Sweden, AI ($2.1B, 57% of the capital), Health ($831M, 22%) and Climate & Energy ($383M, 10%) lead.

Is France or Sweden better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 66% of rounds in France and 55% in Sweden. France recorded 172 Pre-Seed or Seed rounds and Sweden 42 Pre-Seed or Seed rounds, with a median of $3.1M and $2.9M.

How much growth funding (Series B and later) goes to France and Sweden?

Startups in France raised $6.8B in 30 Series B or later rounds, 58% of the country's capital. In Sweden, $2.4B in 9 rounds, 65% of the capital.

Who are the most active startup investors in France?

Bpifrance (55 rounds, 8 led), Kima Ventures (46 rounds, 5 led) and Daphni (11 rounds, 8 led) are the most active investors in France.

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 France and Sweden?

29 investors joined rounds in both countries. The most active: Y Combinator (10 in France, 4 in Sweden), General Catalyst (5 in France, 3 in Sweden), 20VC (5 in France, 2 in Sweden), EQT Ventures (4 in France, 3 in Sweden) and Notion Capital (5 in France, 1 in Sweden).

Which cities lead startup funding in France and Sweden?

Paris leads France with $6.1B across 198 rounds, ahead of Grenoble ($327M). Stockholm leads Sweden with $2.2B across 61 rounds, ahead of Lund ($79.4M).

Which month brought the most startup funding?

In France, September 2026 ($3.7B). In Sweden, July 2026 ($702M).

How much did startups in France and Sweden raise in the last 90 days?

In the 90 days to 12 Nov 2026, startups in France raised $4.2B across 29 rounds and in Sweden $348M across 12 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.

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