Spotify Technology SA and Minecraft maker Mojang AB put Sweden on the map for startups valued at more than $1 billion and spawned a new generation of entrepreneurs. The dynamics are also evolving as early tech founders and backers allocate some of their vast wealth to the latest crop of startups. "There is some kind of climate here where Swedes are quick to test new services and products,” Oscar Berglund said in an interview. "I see great opportunities to invest in Swedish small and medium-sized companies," Lorentzon said in an interview. "It has been an important part of our journey that we have grown up in Sweden, absolutely."

Source: News 24 April 26, 2021 06:22 UTC