Sep 8, 2018 - Technology

What we're reading: How Sweden became a hotbed of startup exits

Aerial view of Stockholm with Riddarholmen Island in Sweden. Photo: DeAgostini/Getty Images

Sweden's had a vibrant startup scene for years, but a number of recent large exits have propelled the small Nordic country's industry into a new phase, as VentureBeat's Chris O'Brien has chronicled.

The bottom line: Exits like Spotify's $27 billion public listing and iZettle's $2.2 billion sale to PayPal are sure to add fuel to the new wave of investors and entrepreneurs in Sweden, building on the local industry's growth over the las several years.

By the numbers: Sweden produced 263 exits valued at $23.7 billion between 2000 and 2014, according to a study by Swedish venture capital firm Creandum.

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