- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

Stockholm a breeding ground for tech billionaires

• Top 10 events Stockholm's 2014 tech scene

Great companies and entrepreneurs can come from anywhere; the qualities needed to be a great entrepreneur are not confined to any one country. But some countries or cities are home to more successful tech companies than other – and Stockholm is one of these, according to new research by investment firm Atomico, which is controlled by Skype's co-founder Niklas Zennström.

The study combined data from multiple sources along with the investment firm's own research, and for the first time looked at the global distribution of Internet and software companies founded within the last decade that had reached a valuation of over $1 billion.

"Valuation isn’t everything and is in many senses a crude yardstick, but the billion-dollar mark is generally accepted to represent truly phenomenal success," Zennström wrote in an analysis.

In absolute terms, Silicon Valley is the single most prominent tech hub, with 53 companies. But the majority of the 138 companies that met the billion dollar bar have actually been built outside the Valley, with 61% coming from other cities.

The rest of the top five hubs are: Beijing (17), New York (7), Stockholm (5) and Los Angeles (4).

However, on a per capita basis, Stockholm is the second most prolific tech hub globally, with 6.3 billion-dollar companies per million people, compared to Silicon Valley with 6.9.

The five Stockholm based companies with the billion dollar plus value are: King, Skype, Klarna, Mojan and Spotify –- all world famous brands.

On a country level, Sweden had the third most billion-dollar firms, after the US and China, the results showed.

Zennström wrote in an opinion piece published by daily Svenska Dagbladet that Sweden has every reason to feel proud of the results, especially the entrepreneurs who contributed to the development.

"Personally, I am extremely pleased and proud of this result", he said, adding that Stockholm has the potential to be a great place even for the next generation of IT entrepreneurs to build multinational companies.

Other findings in the study included:

• The average time taken to reach the level is six years from founding.

• The sectors with the largest number of billion dollar companies are: Enterprise Software Applications (23), E-commerce (21), Social communications (18), Gaming (13).

• Healthcare (2 companies) and education (1 company) are two of the most obviously underrepresented sectors in terms of number of billion-dollar companies founded since 2003.

• 48% of billion-dollar companies have enjoyed a liquidity event: 43 via IPO and 23 via M&A.

• Companies from 15 different countries have reached a billion-dollar valuation. The US, China and Sweden are the top three nations.

Atomico invests in fast-growing technology companies around the world, with the aim of helping them scale up to become global leaders.

 

- - -

This article was sponsored by Stockholm Business Region.

More news about Stockholm? 
Subscribe to Invest in Stockholm Newsletter today.

Last Updated (Friday, 20 February 2015 05:54)

 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner