Country comparison
Sweden vs Saudi Arabia: startup funding compared
Since 10 June 2025, startups in Sweden raised $3.7B across 91 rounds, 3.8 times Saudi Arabia's $976M.
Capital raised running total by month
Where the money goes share of capital by sector
Sweden
Saudi Arabia
Biggest rounds
Saudi Arabia
Stage mix share of rounds
Most active investors rounds joined
| Investor | Sweden | Saudi Arabia |
|---|---|---|
| Industrifonden | 7 | · |
| Almi Invest | 6 | · |
| Luminar Ventures | 6 | · |
| 500 Global | · | 5 |
| Antler | 5 | · |
| Impact46 | · | 5 |
| Y Combinator | 4 | 1 |
| Accel | 4 | · |
| Andreessen Horowitz | 3 | 1 |
| Chalmers Ventures | 4 | · |
| COTU Ventures | · | 4 |
| Kinnevik | 4 | · |
Startup hubs rounds and capital by city
Sweden
Saudi Arabia
Latest rounds
Questions
Which country raised more startup funding, Sweden or Saudi Arabia?
Sweden. Since 10 June 2025, startups in Sweden raised $3.7B across 91 rounds, against $976M across 42 rounds in Saudi Arabia, 3.8 times more. That is 0.5% and 0.1% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Sweden and Saudi Arabia?
91 rounds in Sweden and 42 rounds in Saudi Arabia since 10 June 2025, about 5 and 2 a month.
Are startup rounds bigger in Sweden or Saudi Arabia?
The median round is $6.3M in Sweden and $3.5M in Saudi Arabia, and the average round $40.6M and $23.2M. 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 Saudi Arabia?
The biggest startup rounds in Saudi Arabia since 10 June 2025 are barq ($330M, Series A, 15 Sept 2026), Ninja ($254M, Growth, 8 Jul 2025) and Gathern ($72.1M, Series B, 20 Aug 2025).
Which sectors attract the most startup funding in Sweden and Saudi Arabia?
In Sweden, AI ($2.1B, 57% of the capital), Health ($831M, 22%) and Climate & Energy ($383M, 10%) lead. In Saudi Arabia, Fintech ($485M, 50% of the capital), Consumer ($257M, 26%) and Enterprise software ($116M, 12%) lead.
Is Sweden or Saudi Arabia better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 55% of rounds in Sweden and 79% in Saudi Arabia. Sweden recorded 42 Pre-Seed or Seed rounds and Saudi Arabia 24 Pre-Seed or Seed rounds, with a median of $2.9M and $1.7M.
How much growth funding (Series B and later) goes to Sweden and Saudi Arabia?
Startups in Sweden raised $2.4B in 9 Series B or later rounds, 65% of the country's capital. In Saudi Arabia, $132M in 3 rounds, 14% 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 Saudi Arabia?
Impact46 (5 rounds, 3 led), 500 Global (5 rounds) and Merak Capital (4 rounds, 3 led) are the most active investors in Saudi Arabia.
Which investors back startups in both Sweden and Saudi Arabia?
2 investors joined rounds in both countries. The most active: Y Combinator (4 in Sweden, 1 in Saudi Arabia) and Andreessen Horowitz (3 in Sweden, 1 in Saudi Arabia).
Which cities lead startup funding in Sweden and Saudi Arabia?
Stockholm leads Sweden with $2.2B across 61 rounds, ahead of Lund ($79.4M). Riyadh leads Saudi Arabia with $920M across 27 rounds, ahead of Jeddah ($1.2M).
Which month brought the most startup funding?
In Sweden, July 2026 ($702M). In Saudi Arabia, September 2026 ($364M).
How much did startups in Sweden and Saudi Arabia raise in the last 90 days?
In the 90 days to 29 Oct 2026, startups in Sweden raised $751M across 14 rounds and in Saudi Arabia $384M across 11 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.