Late-stage investments decline, and early-stage increase by fifteen percent – signaling resilience of Sweden’s angel ecosystem
Stockholm, 13 November 2025 – According to the third annual State of European Angels 2025 report initiated by Nordic Angels in collaboration with Boston Consulting Group (BCG), Sweden’s startup ecosystem continues to demonstrate resilience and innovation leadership, despite a turbulent investment climate across Europe.According to the new report, Sweden experienced one of the steepest overall declines in venture capital (VC) investment in Europe in 2024 — down 50% year-on-year, compared to a European average decline of 7%. This drop was primarily driven by smaller late-stage investments,