Why is Stockholm a Unicorn Factory?

February 2016

Earlier this year Financial Times wrote a story with the headline Stockholm – The Unicorn Factory. In light of STHLM Tech Fest this week we thought we would summarize a few reasons why Stockholm is indeed a Unicorn Factory.

  1. There are 5 unicorns in Stockholm: Skype, Spotify, Mojang, King and Klarna. (source)
  2. Truecaller will soon be the 6th unicorn. 
  3. There 10 more unicorns coming up. 
  4. Stockholm has the highest number of unicorns per capita in the world after Silicon Valley. 
  5. Europe’s highest valued startup is based in Stockholm (Spotify). 
  6. Two of the four most valuable European startups are based in Stockholm (Spotify and Klarna). 
  7. VC investments tripled last year. Startups have already raised more this year than entire last year. 
  8. Almost 20% of the entire working population in Stockholm work in Tech. 
  9. Programmer is the most common job in Stockholm. 
  10. The number of Tech companies in Stockholm has doubled in the past 10 years. 

The 11 apps in the image have way over a billion users. Together they employ thousands and have 200-300 open positions at any given time. All based in Stockholm.