--- title: How Sweden built one of Europe’s hottest startup ecosystems description: Sophia Bendz, general partner at Cherry Ventures, discusses why Sweden has become a major startup hub, citing companies like Spotify, Klarna, Legora, and... canonical: https://daily.dev/posts/how-sweden-built-one-of-europe-s-hottest-startup-ecosystems-kib6hc3hg twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: How Sweden built one of Europe’s hottest startup ecosystems | daily.dev og:description: Sophia Bendz, general partner at Cherry Ventures, discusses why Sweden has become a major startup hub, citing companies like Spotify, Klarna, Legora, and... og:url: https://daily.dev/posts/how-sweden-built-one-of-europe-s-hottest-startup-ecosystems-kib6hc3hg og:image: https://api.daily.dev/og/posts/KIB6HC3hg.png og:image:alt: How Sweden built one of Europe’s hottest startup ecosystems og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # How Sweden built one of Europe’s hottest startup ecosystems **[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments ## Summary Sophia Bendz, general partner at Cherry Ventures, discusses why Sweden has become a major startup hub, citing companies like Spotify, Klarna, Legora, and Lovable. She credits a cultural shift where founding a company is now seen as cool, plus mentorship from earlier-generation entrepreneurs like Spotify founder Daniel Ek. Sweden's startup ecosystem raised $2.8 billion this year, projected to hit $5 billion, up from a cooled market after 2021's $8.5 billion peak, drawing increasing attention from American investors. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Nordic founders are taking bigger swings, and it’s paying off](https://daily.dev/posts/nordic-founders-are-taking-bigger-swings-and-it-s-paying-off-ndn0yrokl) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#lovable](https://daily.dev/tags/lovable) [View this post on daily.dev](https://daily.dev/posts/how-sweden-built-one-of-europe-s-hottest-startup-ecosystems-kib6hc3hg) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"How Sweden built one of Europe’s hottest startup ecosystems","url":"https://daily.dev/posts/how-sweden-built-one-of-europe-s-hottest-startup-ecosystems-kib6hc3hg","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/how-sweden-built-one-of-europe-s-hottest-startup-ecosystems-kib6hc3hg"},"datePublished":"2026-08-28T17:12:12.969Z","dateModified":"2026-08-28T17:32:42.367Z","description":"Sophia Bendz, general partner at Cherry Ventures, discusses why Sweden has become a major startup hub, citing companies like Spotify, Klarna, Legora, and...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/24f8edeee8054ee0618d47f98c868214?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/24f8edeee8054ee0618d47f98c868214?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/how-sweden-built-one-of-europe-s-hottest-startup-ecosystems-kib6hc3hg","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup,venture-capital,lovable","timeRequired":"PT2M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"How Sweden built one of Europe’s hottest startup ecosystems"}]} ```