# Incubators and accelerators based in Sweden (2026 list)

> 28 incubators and accelerators based in Sweden, 7% active in the last 12 months. Led by Norrsken VC, Propel Capital, MTGx. Ranked by what they funded.

Source: https://millionrounds.com/lists/incubators-accelerators-based-in-sweden (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Incubators and accelerators based in Sweden

Updated 7 November 2026

Incubators and accelerators headquartered in Sweden.

[See all 28 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-based-in-sweden)The top 25

**28** investors on the list No change this week

**13** cheques in 12 months *-43%* against the market

**$15M** median round they joined *+88%* against the market median

**7%** wrote a cheque in 12 months

**4%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (2)

- 1 [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) *Deploying now* Accelerator · Sweden **66** **$17M** median round **Aug 2026** last seen
- 2 [Propel Capital](https://millionrounds.com/fund/propel-capital) *Deploying now* Accelerator · Sweden **52** **$996K** median round **Sept 2026** last seen
- 3 [MTGx](https://millionrounds.com/fund/mtgx) quiet Accelerator · Sweden **1** **$15M** median round **Dec 2018** last seen
- 4 [BLING](https://millionrounds.com/fund/bling) unknown Incubator · Sweden **none observed** **-** median round **-** last seen
- 5 [Chromia Innovation...](https://millionrounds.com/fund/chromia-innovation) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 6 [Fashion Tech Group](https://millionrounds.com/fund/fashion-tech-group) unknown Incubator · Sweden **none observed** **-** median round **-** last seen
- 7 [Fast Track Malmo](https://millionrounds.com/fund/fast-track-malmo) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 8 [Feminvest](https://millionrounds.com/fund/feminvest) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 9 [Feminvest Accelerator](https://millionrounds.com/fund/feminvest-accelerator) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 10 [Indo Nordic Innovation Acceleration Clusters](https://millionrounds.com/fund/indo-nordic-innovation-acceleration-clusters) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 11 [LEAD](https://millionrounds.com/fund/lead-2) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 12 [LEVELS - The Venture Studio](https://millionrounds.com/fund/levels) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 13 [Nordea Accelerator](https://millionrounds.com/fund/nordea-accelerator) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 14 [Nordic Science Capital](https://millionrounds.com/fund/nordic-science-capital) unknown Incubator · Sweden **none observed** **-** median round **-** last seen
- 15 [Norrsken](https://millionrounds.com/fund/norrsken) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 16 [Reforce New Ventures](https://millionrounds.com/fund/reforce-new-ventures) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 17 [SUP46, Start-Up Pe...](https://millionrounds.com/fund/sup46-start-up-pe) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 18 [Stockholm Techstars Accelerator](https://millionrounds.com/fund/stockholm-techstars-accelerator) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 19 [Techarena](https://millionrounds.com/fund/techarena) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 20 [TheBakery](https://millionrounds.com/fund/thebakery) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 21 [Unboxx](https://millionrounds.com/fund/unboxx) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 22 [Up Strategy Lab](https://millionrounds.com/fund/up-strategy-lab) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 23 [Uppsala Innovation Centre](https://millionrounds.com/fund/uppsala-innovation-centre) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 24 [Yuncture](https://millionrounds.com/fund/yuncture) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen
- 25 [Arantus](https://millionrounds.com/fund/arantus) unknown Accelerator · Sweden **none observed** **-** median round **-** last seen

**3 more on this list**

All 28 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-based-in-sweden)

## The Newest Cheques

Rounds this list's investors joined most recently

- **14** Sept **[Freya Industries](https://millionrounds.com/company/freya-industries)** Seed · $615K *With* [Propel Capital](https://millionrounds.com/fund/propel-capital)
- **1** Aug **[Boldr](https://millionrounds.com/company/boldr)** Seed · $4.9M *With* [Norrsken VC](https://millionrounds.com/fund/norrsken-vc)
- **1** Jul **[Float](https://millionrounds.com/company/float)** Series A · $5.2M *With* [Propel Capital](https://millionrounds.com/fund/propel-capital)
- **2** Jun **[Endra](https://millionrounds.com/company/endra)** Series A · $50M *With* [Norrsken VC](https://millionrounds.com/fund/norrsken-vc)
- **1** Jun **[Verse](https://millionrounds.com/company/verse)** Series B · $54M *With* [Norrsken VC](https://millionrounds.com/fund/norrsken-vc)
- **1** Jun **[Reactional Music](https://millionrounds.com/company/reactional-music)** Seed · $7.4M *With* [Propel Capital](https://millionrounds.com/fund/propel-capital)

## Stages This Year

13 rounds

- Seed **31%**
- Series A **31%**
- Venture **15%**
- Debt **8%**
- Series B **8%**
- Other **8%**

## What They Backed

Sectors, last 12 months

- AI **5**
- Consumer Apps **2**
- Art & Design **1**
- Cleantech **1**
- Cloud **1**
- Big Data & Analytics **1**

## Cheques by Quarter

Led Joined

7 Q1 25

4 Q2 25

7 Q3 25

5 Q4 25

4 Q1 26

4 Q2 26

3 Q3 26

Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states)
- [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states)
- [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom)
- [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china)
- [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india)
- [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada)
- [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany)
- [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom)
- [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about incubators and accelerators based in Sweden

### Who are the most active incubators and accelerators based in Sweden?

By cheques observed, the most active are Norrsken VC, Propel Capital, MTGx, BLING and Chromia Innovation....

### How many incubators and accelerators based in Sweden are there?

28 are on record. 7% made an investment in the last 12 months and 4% have led a round.

### Which stages do incubators and accelerators based in Sweden back?

Of the rounds with a named stage in the last 12 months, mostly Seed (36%) and Series A (36%).

### Which sectors do incubators and accelerators based in Sweden back most?

In the last 12 months, mostly AI, Consumer Apps and Art & Design.

### What have incubators and accelerators based in Sweden invested in recently?

Recent rounds include Freya Industries (Seed, Sept 2026, with Propel Capital), Boldr (Seed, Aug 2026, with Norrsken VC) and Float (Series A, Jul 2026, with Propel Capital).

### How is this list of incubators and accelerators based in Sweden ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

### Can I see all 28 incubators and accelerators based in Sweden?

The top 25 are here. All 28 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)