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Propel Capital is the investment arm of Sting, the leading eco system for startups in the Nordics

Propel Capital

Sweden

Western Europe

![](https://lh3.googleusercontent.com/5s6W9bVknj4_KtUDjYVy8VnOL0NiXFllAkncUgdDFTCMfo2OgAWbbWPrY5nCOhz_qJin94SidiWB6uGK3LN8JCY20BdkhHJctJkIBL-tGkMco5AWQsloJ29ZmWLh8aoV6VRRRF_MiBLPs8W5lEXgqe8)
 As the capital city in Sweden, Stockholm garners global attention and recognition. Stockholm, renowned for its high quality of life and strong business climate, has emerged as a major player in the global startup ecosystem. [Invest Stockholm](https://press.investstockholm.com/?utm_campaign=startupblink&utm_medium=startupblink&utm_source=startupblink), the official business agency for the city of Stockholm, is one of the main agents for the international promotion and strategic development of the city. Their dedication to promoting the inspiring growth of the city as the perfect destination for business, international investors, talent and visitors is the key endorsement for investors considering this innovative city. 

 

 With its massively valued startups such as [Klarna](https://www.klarna.com/) and globally influential corporations like [Skype](https://www.skype.com/en/), [Ericsson](https://www.ericsson.com/en) and [SoundCloud](https://soundcloud.com/) , Stockholm is proving itself as a hub for tech innovation in Europe. 

 

 Stockholm's attraction for investors goes beyond its impressive startup success stories. It's about how well different parts of the city, like the government, schools, companies, and those building the startup environment, work together. This synergy is what makes Stockholm special. At the heart of this dynamic environment are impact hubs, accelerators, incubators, co-working spaces, and mentoring services designed to cultivate startups. This is complemented by a favorable funding environment that encompasses grants, accelerators, angel investors, and venture capital across the entire startup life cycle. 

 

 Diversity is celebrated in Stockholm's startup ecosystem, where the contribution of local and international actors enriches the innovation landscape. The widespread usage of English facilitates seamless interactions, opening doors to a truly global stage. 

 In addition to the city level support, Swedish government's unwavering commitment to innovation is embodied by organizations like [Vinnova](https://www.vinnova.se/en/), the Innovation Agency of Sweden. Through funding research and innovation projects, Vinnova propels societal benefits and drives the nation's innovative potential. 

 Key initiatives for sectoral growth include [The Knowledge Foundation](https://www.kks.se/en/start-en/), which fuels research and competence development at educational institutions, and the Urban ICT Arena in Kista, a hub where cutting-edge smart technology is forged, tested, and showcased within a real-world urban context. 

 Stockholm’s startup ecosystem capitalizes on the country's unique advantages, including a high quality of life, strong business climate, and global competitiveness. It has a rich history of producing high-quality global startups, with several unicorns such as [Spotify](https://newsroom.spotify.com/company-info/),, [Klarna](https://www.klarna.com/), [Kry](https://www.kry.se/en/) and [Voi](https://www.voi.com/), , which have set Stockholm apart as a tech innovation leader in Europe. 

 
 This well-established and flourishing ecosystem assures access to talent, networks, and resources essential for nurturing business triumphs. Stockholm's startup ecosystem offers an opportunity to drive progress, and propels a collective force of successful startups.

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This represents about 59% of Sweden’s startups. Stockholm is the highest-ranked startup ecosystem in Sweden.\",\"rightText\":\"While Stockholm decreased by 7 spots in its global rank in the Global Startup Ecosystem Index of 2024, its ranking in Sweden remained stable\\n at 1 nationally since 2023.\"},\"whyYouShouldJoinEcosystem\":{\"leftText\":\"Within Stockholm there is an increased attraction for entrepreneurs\\n to set up their startups in industries such as Energy & Environment, Hardware & IoT, Social & Leisure. These three industries represent about 17% of the startups\\nrepresented on the Startup Ecosystem Map of Stockholm. \",\"rightText\":\"Stockholm is Sweden's 1st best startup\\n ecosystem and is ranked 4th in Western Europe. With a population of 2M - 10M people,\\n Stockholm is ranked 26th in the world. 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Discover startups, unicorns, and exits in Stockholm. Dive into Energy & Environment, which is the best startup industry in Stockholm.\"}}"

Stockholm

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