Series C+ median rounds in Sweden declined from 2024 to 2025 despite higher deal count
- Series C+ median round size rose from €75M in 2025 to €130M in 2024
- Series C+ deals increased from 36 in 2024 to 45 in 2025
- Seed median rounds decreased from €3.8M in 2024 to €3M in 2025
Across the 36 Series C+ rounds Brouky tracks in Sweden in 2024, the median round size was c129.65 million, over 9 times larger than the median Series A round of c13.8 million that year. In 2025 so far, the number of Series C+ deals increased to 45, but the median round size decreased to c75 million. This may partly reflect expanding data coverage.
Seed rounds in Sweden saw a decline in median size from c3.77 million in 2024 (83 deals) to c3 million so far in 2025 (96 deals). This contrasts with the Series C+ stage, where median round sizes remain substantially higher and more volatile.
The deal count at Series B remained relatively stable, with 23 deals in 2024 and 35 so far in 2025, while median round sizes stayed around c26 million to c27 million. Series A rounds held steady at 49 deals in 2024 and 49 so far in 2025, but median round size dropped from c13.8 million to c9.68 million.
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- Cross-Country AnalysisSpain’s early-stage startups show a 2.7 percentage point higher single-round funding share than Sweden
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