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The Nordic city that punches above its weight in one corner of tech. From American

public media this is Marketplace Tech.

I'm Lily Dramale. The streaming giant Spotify and Sound Cloud were both founded in Stockholm.

The Swedish capital has developed a reputation as a European hub for companies that blend music and innovation.

But it's been a rocky couple of years for the global economy.

The BBC's Maddie Savage has this look at Stockholm's startup scene.

Passendin's 15th floor. this look at Stockholm's startup scene.

Pearsundin's 15th floor office has huge windows

overlooking Stockholm City Center.

He's a big name in music tech.

He used to work for universal Music and persuaded them to start collaborating

with Spotify back in the mid 2000s. He's also an investor and now runs Pop House, a company that creates stage shows using avatars.

So if we talk about music and tech, I mean I think we should go back a little bit and understand

what happened in Sweden.

...