Swebal
Trinitrotoluene sourced and produced in Sweden
Nora, Sweden · Founded 2024 · $38.5M raised
- Headquarters
- Nora
- Employees
- 1–10
- Founded
- 2024
- Business Model
- B2B
- Website
- swebal.com
- Total Funding
- $38.5M
- Last Round
- $35.0M Venture RoundMay 2026
- Rounds
- 2
About
SWEBAL (Sweden Ballistics AB) is a Swedish defense-tech startup founded in 2024 producing TNT to NATO specification at a new facility in Nora, Sweden. It addresses the critical shortage of domestically produced strategic explosives in Europe, sourcing all raw materials within Europe to reduce NATO member dependencies on foreign supply chains.
Summary
Swebal is a Logistics company based in Nora, Sweden, founded in 2024. It has raised $38.5M in total across 2 rounds, most recently a $35.0M Venture Round round in May 2026. Investors include Thomas von Koch.
Funding History
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May 2026
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Seed through Venture Round — per-round amounts, valuations, and who invested in each round.
Investors
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