Report: Sweden’s startup ecosystem retains EU lead, but loses momentum

Sweden remains the leading startup ecosystem in the EU, second only to the UK in Europe as a whole. That’s according to this year’s Global Startup Ecosystem Index Report by StartupBlink. In the past decade, the Nordic nation has emerged as one of the world’s top tier startup hubs. Home to over 7,000 startups and scaleups, Sweden has also minted 41 unicorns to date. This includes high-profile companies such as Spotify, Klarna, and NorthVolt. In addition, the country is the European leader in exit value above $1bn, also outperforming global powerhouses Singapore, Israel, and Canada. Numerous factors are behind Sweden’s…

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