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From the Spotify Mafia to the Lovable Mafia: inside Stockholm's founder network

Equity · 2026-08-26 · 31 min

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Episode notes

Vibe-coding darling Lovable just raised $400 million at a $13.3 billion valuation, roughly doubling its worth in eight months. But Lovable isn’t the only Stockholm startup putting up huge numbers lately - legal AI company Legora and health tech startup Neko Health are right there with it. On this episode of TechCrunch's Equity podcast, Dominic-Madori Davis is joined by Sophia Bendz, a partner at Cherry Ventures and longtime fixture of Europe’s startup scene, to unpack what’s driving startup growth in the Nordic ecosystem, from Sweden’s social safety net to the wave of U.S. capital flowing in.

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