Sweden’s Series A to B rounds close 1.6× faster than Germany’s
- Sweden’s median Series A to B round time is 11 months
- Germany’s median Series A to B round time is 18 months
- Pre-seed to seed timing is similar: 15 months Sweden, 16 months Germany
Across the 273 consecutive funding round pairs Brouky tracks from 2015 to today, including 36 pairs from Sweden and 237 from Germany, Swedish startups transition from Series A to Series B in a median of 11 months, compared to 18 months for German startups. This 1.6× faster Series A to B round velocity in Sweden, based on a smaller sample of 36 pairs, marks the clearest difference in later-stage funding pace between the two countries.
Median pre-seed to seed rounds occur in 15 months in Sweden (based on 34 pairs) and 16 months in Germany, both with similar interquartile ranges (8 to 26 months Sweden, 8 to 25 months Germany). Seed to Series A rounds also align with a median of 18 months in both countries.
MEDIAN MONTHS BETWEEN FUNDING ROUNDS
Sweden's median Series A to B transition time of 11 months is notably shorter than Germany's 18 months, highlighting a distinct acceleration at this stage. Year-over-year trends may partly reflect expanding data coverage.
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