Swedish Venture Landscape 2020 (Swedish Private Equity & Venture Capital Association (SVCA))

Summary

• The Swedish venture capital market represents 35% of total Nordic exit value and over SEK 35 billion in assets under management.p.5
• Swedish VC activity has evaluated over 20 000 investments and completed over 4000 investments, driving over $60 billion in USD value growth.p.5
• Swedish tech unicorns created with venture backing have achieved a total market value of €56 billion, representing over 11 % of Swedish GDP.p.7
• Notable Swedish VC-backed tech unicorns include Spotify (est 2006), King (est 2003), Klarna (est 2005), Sinch (est 2008), and iZettle (est 2010).p.8
• The Nordic Venture Performance Index (NVPI Long-Only Gross) reached 1107 in 2017, representing a 25% increase from 881 in the prior measurement.p.9

Key insights

1. Swedish venture capital funds manage over SEK 35 billion in total assets under management.p.5
2. Venture capital in Sweden has generated over $60 billion in USD value growth across more than 4000 investments.p.5
3. The aggregate market capitalization of Swedish tech unicorns stands at €56 billion, exceeding 11 % of Sweden's GDP.p.7
4. Key venture-backed success stories in Sweden cross multiple tech verticals, including FinTech, ICT, Gaming, and Messaging.p.8
5. The NVPI Long-Only Gross index grew by 25% in 2017, significantly outperforming average public market equivalent (PME) returns of 15%.p.9