Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Growing Swedish companies attract more venture capital

Share this article

17:09 CET+01:00
Venture capital investments in small companies in Sweden grew to 46 billion kronor ($6.6 billion) in 2006, 14 percent more than in 2005.

Around 6 billion kronor went to 668 investments in companies in the seed, start-up and expansion phases, according to a new report.

The report was produced by the Swedish Private Equity and Venture Capital Association (SVCA), along with the Swedish Agency for Economic and Regional Growth and the state-backed innovation finance foundation Innovationsbron.

Companies in the more mature growth phases of buyout and replacement capital received investments of around 40 billion kronor, a rise of ten percent on 2005. Companies involved in medical technology and biotechnology received the largest numbers of investments.

"The majority of venture capital companies believe that the economy will continue to grow, and they see improved possibilities for good exits," said Tom Berggren, CEO of SVCA.

"Nearly half say that they will invest more capital in 2007 than in 2006," he added.

 
Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.

Discussion forum