A breeding ground for tech billionaires
Stockholm is home to one of Europe’s most important tech communities and some of its fastest growing startups. The region has a strong engineering heritage where entrepreneurs think globally from day one and benefit from tech infrastructure investments. Add a population of tech-savvy early adopters and you get a perfect test market for new ICT products and services.
Stockholm’s tech scene has developed over decades into what today is a world-class, mature startup hub. Good technical and business schools, a critical mass of people eager to start their own businesses, events and meet-ups, co-working spaces, a supportive government, angel investors and VCs, the talent needed to turn ideas into viable businesses – it’s all in place and working in favor of the region’s entrepreneurs. Another success factor often cited is the fact that Stockholm’s start-ups can call on a number of industry veterans for advice on how to scale a high-growth Internet business.
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Key investment opportunities
Stockholm is the world’s leading region in mobile and fixed communication. Some of the most important mobile technologies including GSM, wCDMA and LTE originate here. Ericsson has been instrumental in this development and has the skillset and ecosystem necessary for delivering the mobile solutions for the future, be it 5G or small cell solutions.
VC investments into startups
Many innovative fast-growing technology companies such as Skype, King, MySQL, Mojang (Minecraft) and Spotify have their origins in the region. This makes Stockholm the perfect place for companies and investors to find the technologies, people and companies they need to develop new products and services.
Stockholm is a hub for future payment, funding, banking, and transaction services. Stockholm based companies has attracted a large portion of venture capital going into European fintech companies 2010-2015 and in the last 7-8 years there has been a new wave of entrepreneurs creating fast growing companies such as Klarna, iZettle and Dibs.
Stockholm is the leading European city for game development with everything from leading AAA developers such as DICE (Battlefield series) to social and mobile games and indie developers. During 2014 there were several huge exits, most notably Microsoft’s 2.5B USD acquisition of Mojang and Kings NYSE IPO at a valuation of 7B USD.
Stockholm is the World’s 7th largest Internet hub. For Co-lo, Wholesale or Enterprise customers where proximity to customers and connectivity is of the essence – it’s the place to be. In Stockholm surplus heat from data centers can convert costs into revenue by reselling excess energy to the market via Open District Heating.
With its proximity to key players and access to Northern Europe and beyond, Stockholm is the business and financial center of Northern Europe. This is where decision makers and buyers are found. 67% of Forbes 2000 IT software and hardware companies that have regional headquarters in Scandinavia have already chosen Stockholm.
Stockholm has five billion dollar startups. This means most numbers of unicorns per capita in the world after Silicon Valley.
A tech hub
Stockholm is home to world-leading clusters within Mobile, Game development, Fintech, E-Commerce, Online Gaming and Music/Media tech.
Highest share of billion dollar exits in Europe
The Nordic countries accounts for 53 % of European billion dollar exits.
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The Stockholm startup scene continues to go from strength to strength, with a record amount being invested in the city’s technology companies by international investors so far this year.