Industrifonden is a Swedish venture capital fund that invests in early-stage tech and life science companies. According to their analysis, venture investments in Swedish tech companies from Q1-Q3 2015 exceeded $1 billion, distributed across more than 100 funding rounds. While a small number of investors and deals accounted for most of the funding, over 180 investors participated in at least one round. The industries receiving the most funding were media, finance, and ecommerce.