What’s driving Sweden’s startup boom, from Lovable to Legora
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- Lovable raised $400 million at a $13.3 billion valuation, roughly doubling its worth in eight months
- Legora (legal AI) and Neko Health (health tech) are also posting huge numbers in Stockholm alongside Lovable
- Sophia Bendz, partner at Cherry Ventures and longtime European startup fixture, joined TechCrunch's Equity podcast to unpack the Nordic surge
- Host Dominic-Madori Davis explored drivers of Nordic growth, including Sweden's social safety net
- A wave of U.S. capital flowing into the region was cited as another factor fueling startup expansion
Why it matters: Lovable's $400 million round at a $13.3 billion valuation — roughly doubling in eight months — shows Stockholm can mint mega-deals, and the clustering of Legora and Neko Health around that raise suggests Nordic output is no longer a one-company story.
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