Country comparison
Sweden vs Italy: startup funding compared
Since 10 June 2025, startups in Sweden raised $3.7B across 91 rounds, 2.1 times Italy's $1.8B.
Capital raised running total by month
Where the money goes share of capital by sector
Sweden
Italy
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Sweden | Italy |
|---|---|---|
| CDP Venture Capital | · | 29 |
| Vento | · | 11 |
| 360 Capital | · | 8 |
| United Ventures | · | 8 |
| Industrifonden | 7 | · |
| Almi Invest | 6 | · |
| Italian Founders Fund | · | 6 |
| Luminar Ventures | 6 | · |
| Antler | 5 | · |
| Club degli Investitori | · | 5 |
| Entourage | 1 | 4 |
| Vento Ventures | · | 5 |
Startup hubs rounds and capital by city
Sweden
Italy
Latest rounds
Questions
Which country raised more startup funding, Sweden or Italy?
Sweden. Since 10 June 2025, startups in Sweden raised $3.7B across 91 rounds, against $1.8B across 117 rounds in Italy, 2.1 times more. That is 0.5% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Sweden and Italy?
91 rounds in Sweden and 117 rounds in Italy since 10 June 2025, about 5 and 7 a month.
Are startup rounds bigger in Sweden or Italy?
The median round is $6.3M in Sweden and $3.8M in Italy, and the average round $40.6M and $15.3M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in Sweden?
The biggest startup rounds in Sweden since 10 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).
What is the biggest startup round in Italy?
The biggest startup rounds in Italy since 10 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).
Which sectors attract the most startup funding in Sweden and Italy?
In Sweden, AI ($2.1B, 57% of the capital), Health ($831M, 22%) and Climate & Energy ($383M, 10%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.
Is Sweden or Italy better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in Sweden and 57% in Italy. Sweden recorded 42 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $2.9M and $2.3M.
How much growth funding (Series B and later) goes to Sweden and Italy?
Startups in Sweden raised $2.4B in 9 Series B or later rounds, 65% of the country's capital. In Italy, $461M in 8 rounds, 26% of the capital.
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.
Who are the most active startup investors in Italy?
CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.
Which investors back startups in both Sweden and Italy?
8 investors joined rounds in both countries. The most active: Entourage (1 in Sweden, 4 in Italy), Inventure (2 in Sweden, 1 in Italy), Balderton Capital (2 in Sweden, 1 in Italy), Creandum (2 in Sweden, 1 in Italy) and Lakestar (2 in Sweden, 1 in Italy).
Which cities lead startup funding in Sweden and Italy?
Stockholm leads Sweden with $2.2B across 61 rounds, ahead of Lund ($79.4M). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).
Which month brought the most startup funding?
In Sweden, July 2026 ($702M). In Italy, October 2025 ($474M).
How much did startups in Sweden and Italy raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in Sweden raised $348M across 12 rounds and in Italy $391M 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.