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Country comparison

Germany vs Sweden: startup funding compared

Since 2 June 2025, startups in Germany raised $11.9B across 332 rounds, 3.2 times Sweden's $3.7B.

GermanyvsSweden
$11.9BCapital raised$3.7B
332Rounds91
$6.7MMedian round$6.3M
1.7%Share of all capital0.5%
70%Early-stage rounds55%

Capital raised running total by month

$11.9B$6B Germany, end of Jun 25: $1.4BGermany, end of Jul: $2BGermany, end of Aug: $2.2BGermany, end of Sept: $2.4BGermany, end of Oct: $3.1BGermany, end of Nov: $3.5BGermany, end of Dec: $3.9BGermany, end of Jan 26: $4.6BGermany, end of Feb: $4.9BGermany, end of Mar: $5.3BGermany, end of Apr: $5.5BGermany, end of May: $5.6BGermany, end of Jun: $7.9BGermany, end of Jul: $10.4BGermany, end of Aug: $10.6BGermany, end of Sept: $11.4BGermany, end of Oct: $11.6BGermany, end of Nov: $11.9BSweden, 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
GermanySweden
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Where the money goes share of capital by sector

Germany

  • AI42%$5B
  • Robotics & Hardware28%$3.4B
  • Climate & Energy11%$1.4B
  • Health5%$613M
  • Fintech5%$592M
  • Enterprise software4%$525M

Sweden

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

Biggest rounds

Germany

  1. Helsing $1.8B 1
  2. Neura Robotics $1.4B 2
  3. Helsing $694M 3

Sweden

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

Stage mix share of rounds

GermanySweden
51%Pre-Seed and Seed46%
20%Series A9%
7%Series B4%
3%Series C and later5%
20%Other or undisclosed35%

Most active investors rounds joined

InvestorGermanySweden
High-Tech Gründerfonds38·
Bayern Kapital20·
Antler95
Cherry Ventures131
HV Capital14·
General Catalyst103
IBB Ventures12·
Y Combinator84
NRW.BANK11·
UVC Partners10·
Accel54
D11Z.Ventures8·

Startup hubs rounds and capital by city

Germany

  • Munich81$5.5B
  • Berlin117$2.8B
  • Freiburg3$307M
  • Stuttgart6$291M
  • Hamburg15$252M
  • Eresing1$175M

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, Germany or Sweden?

Germany. Since 2 June 2025, startups in Germany raised $11.9B across 332 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 Germany and Sweden?

332 rounds in Germany and 91 rounds in Sweden since 2 June 2025, about 18 and 5 a month.

Are startup rounds bigger in Germany or Sweden?

The median round is $6.7M in Germany and $6.3M in Sweden, and the average round $35.9M 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 Germany?

The biggest startup rounds in Germany since 2 June 2025 are Helsing ($1.8B, Series E, 13 Jul 2026), Neura Robotics ($1.4B, 10 Jun 2026) and Helsing ($694M, Series D, 16 Jun 2025).

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 Germany and Sweden?

In Germany, AI ($5B, 42% of the capital), Robotics & Hardware ($3.4B, 28%) and Climate & Energy ($1.4B, 11%) lead. In Sweden, AI ($2.1B, 57% of the capital), Health ($831M, 22%) and Climate & Energy ($383M, 10%) lead.

Is Germany or Sweden better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 70% of rounds in Germany and 55% in Sweden. Germany recorded 169 Pre-Seed or Seed rounds and Sweden 42 Pre-Seed or Seed rounds, with a median of $3.8M and $2.9M.

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

Startups in Germany raised $5.6B in 32 Series B or later rounds, 47% of the country's capital. In Sweden, $2.4B in 9 rounds, 65% of the capital.

Who are the most active startup investors in Germany?

High-Tech Gründerfonds (38 rounds, 16 led), Bayern Kapital (20 rounds, 2 led) and HV Capital (14 rounds, 6 led) are the most active investors in Germany.

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 Germany and Sweden?

46 investors joined rounds in both countries. The most active: Cherry Ventures (13 in Germany, 1 in Sweden), Antler (9 in Germany, 5 in Sweden), General Catalyst (10 in Germany, 3 in Sweden), Y Combinator (8 in Germany, 4 in Sweden) and Accel (5 in Germany, 4 in Sweden).

Which cities lead startup funding in Germany and Sweden?

Munich leads Germany with $5.5B across 81 rounds, ahead of Berlin ($2.8B). Stockholm leads Sweden with $2.2B across 61 rounds, ahead of Lund ($79.4M).

Which month brought the most startup funding?

In Germany, July 2026 ($2.5B). In Sweden, July 2026 ($702M).

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

In the 90 days to 12 Nov 2026, startups in Germany raised $1.4B across 43 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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