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From Spotify to Minecraft, Sweden Proves Fertile Ground for Unicorns

  • Stockholm tops unicorn list for hubs in Europe per capita
  • Sweden’s capital trails only London and Paris overall
relates to From Spotify to Minecraft, Sweden Proves Fertile Ground for Unicorns

Source: Spotify Technology SA

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Sweden’s capital has bred more tech unicorns per capita than any other region in the world save for Silicon Valley.

Spotify Technology SA and Minecraft maker Mojang AB put Sweden on the map for startups valued at more than $1 billion and spawned a new generation of entrepreneurs. The Nordic country ranked first in Europe in cumulative capital invested per capita in the past five years, ahead of Ireland and the U.K., according to a tech industry report by venture capital firm Atomico.