69 Best Startups in Sweden to Watch in 2025

The Definitive Seedtable Ranking of Startups in Sweden

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 479 start-ups with an aggregate funding of $20.0b. The average funding per company in this subset is $289.7m.

Last update to the database: Feb 18, 2025. See changelog.

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4

Funding Rounds

$106.4m

Money raised

Moralis is a Web3 development platform.

2

Funding Rounds

$1.6m

Money raised

Safello is a company founded in 2013 by Frank Schuil.

20

Funding Rounds

$3.8b

Money raised

Klarna is a financial technology company providing e-commerce payment solutions for merchants and shoppers.

4

Funding Rounds

$165.0m

Money raised

Elastic is a software company that creates products for searching for information on the Internet. It was founded in 2012 and is headquartered in San Francisco and Amsterdam.

7

Funding Rounds

$99.9m

Money raised

Truecaller is a Stockholm-based smartphone application company offering caller identification, call blocking, flash messaging, call recording, and chat and voice features.

3

Funding Rounds

$22.8m

Money raised

Distil Networks was an American cybersecurity company founded in 2011 and headquartered in San Francisco, California.

4

Funding Rounds

$70.8m

Money raised

A mobile application allowing its users access their office, building or apartment

12

Funding Rounds

$6.9b

Money raised

Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy.

6

Funding Rounds

$2.8b

Money raised

Sinch offers programmable SMS, voice, video, and verification tools.

2

Funding Rounds

$21.1m

Money raised

LeadCold is a company developing lead-cooled small nuclear reactor technology founded in 2013 by Janne Wallenius, Jesper Ejenstam and Peter Szakalos.

2

Funding Rounds

$4.5m

Money raised

Cellink AB is a biotechnology research company based in Gothenburg.

3

Funding Rounds

$55.0m

Money raised

Yubico is a Palo Alto, California-based secure authentication and enterprise security company founded in 2007 by Stina Ehrensvärd and Jakob Ehrensvärd.

6

Funding Rounds

$5.8m

Money raised

Bambuser is a Software-as-a-Service company specializing in interactive live video streaming for enterprises that offer live video shopping.

2

Funding Rounds

$2.6m

Money raised

Flow Neuroscience is a Malmo, Sweden-based medical technology company developing treatments for mental health issues. The company offers a medication-free depression treatment that combines a brain stimulation wearable and an app-based therapy program.

11

Funding Rounds

$511.8m

Money raised

A company designing and building autonomous electric transportation (AET) systems for freight and cargo.

3

Funding Rounds

$24.5m

Money raised

Street-level imagery platform that uses computer vision to fix the world's maps

3

Funding Rounds

$41.9m

Money raised

World\'s leading subscription management platform - ready to integrate with retail banks.

2

Funding Rounds

$34.0m

Money raised

Candela is a hydrofoil electric vessels manufacturer founded in 2014 by Gustav Hasselskog.

Location:

Key people:

7

Funding Rounds

$194.6m

Money raised

Heart Aerospace is a company manufacturing the electric regional airplane, ES-19.

4

Funding Rounds

$170.6m

Money raised

An insurance technology company offering insurance and mobile health services to emerging markets.

2

Funding Rounds

$3.2m

Money raised

Rerun is an AI-powered open source visualization infrastructure paltform founded in 2022 by Nikolaus West, Emil Ernerfeldt and Moritz Schiebold.

5

Funding Rounds

$46.7m

Money raised

EnginZyme is a biotechnology company that focuses on enzyme immobilization, they engineer biocatalytic solutions for industries ranging from API manufacturing to agriculture.

8

Funding Rounds

$265.0m

Money raised

Juni is a fintech company that develops a banking app and platform for e-commerce and online marketing entrepreneurs.

7

Funding Rounds

$829.2m

Money raised

Grafana Labs is the company behind Grafana, Loki, Mimir and Tempo, the leading open source software for visualizing operational data.

Key people:

1

Funding Rounds

$690.0k

Money raised

GODSENT is a Swedish professional esports organization founded in 2016 by former Fnatic in-game leader Markus "pronax" Wallsten and entrepreneur Tomas Oropesa Martin.

11

Funding Rounds

$598.8m

Money raised

VOI is a dockless electric scooter-share company based in Stockholm, Sweden.

8

Funding Rounds

$642.0m

Money raised

KRY is a telemedicine service based in Stockholm, Sweden.

4

Funding Rounds

$5.1m

Money raised

AI-powered CBT therapeutic platform.

3

Funding Rounds

$52.0m

Money raised

Create real-world AI applications - at scale and at speed - with the first operational AI platform from Peltarion.

5

Funding Rounds

$14.2m

Money raised

Fast Travel Games is a virtual reality (VR) game developer founded in 2016.

5

Funding Rounds

$56.4m

Money raised

Fishbrain is an AI-powered sports fishing app for anglers founded in 2023 by Johan Attby, Marcus Fransson, Jens Persson and Jakob Mattsson.

Location:

Key people:

1

Funding Rounds

$3.5m

Money raised

Radio Innovation Sweden is a telecom company creating an antenna for mobile communication in rural areas.

Location:

Key people:

6

Funding Rounds

$14.4m

Money raised

Simris Alg is a producer of unique ingredients from farmed algae.

1

Funding Rounds

$200.0m

Money raised

Oatly is an oatmilk company originally from Sweden.

2

Funding Rounds

$40.0m

Money raised

Stockeld Dreamery is a food company making plant-based cheese alternatives.

4

Funding Rounds

$28.4m

Money raised

Wrapp is a company founded in 2011 by Hjalmar Winbladh, Carl Fritjofsson, Andreas Ehn, Magnus Hultman, Aurore Belfrage, Aage Reerslev and Leo Giertz.

10

Funding Rounds

$151.2m

Money raised

App that helps people understand and improve their finances.

2

Funding Rounds

$39.3m

Money raised

Detectify is a Stockholm-based cybersecurity company developing tools for security analysis of web applications.

8

Funding Rounds

$57.2m

Money raised

Joint Academy is a Swedish healthcare company providing a digital platform for the treatment of osteoarthritis.

1

Funding Rounds

$12.5m

Money raised

Clinical Research & Services

6

Funding Rounds

$60.0m

Money raised

Minut is a Scandinavian startup that produces home security software and hardware. Minut's product, Point, analysing sounds and the indoor environment. It can recognise things like alarms, windows breaking, or unexpected activity.

5

Funding Rounds

$56.7m

Money raised

Elypta is a Stockholm-based biotechnology company focused on preventing cancer mortality through a liquid biopsy platform for detection and monitoring of the disease.

1

Funding Rounds

$13.9m

Money raised

Evolution, also known as Evolution Robotics, is a Pasadena, California-based software company founded in 2001 by Paolo Pirjanian.

7

Funding Rounds

$8.7m

Money raised

Furhat Robotics is a conversational Al and Social Robotic development company.

10

Funding Rounds

$61.0m

Money raised

CHOOOSE is an Oslo-based climate action company building digital tools to help people make climate actions everyday.

1

Funding Rounds

$2.0m

Money raised

Marketplace for gift cards, mobile phone refills, and lightning network services, accepting bitcoin and other cryptocurrencies.

12

Funding Rounds

$133.7m

Money raised

Acast is an audio-on-demand and podcast platform that hosts, monetizes, and distributes audio content globally.

Location:

2

Funding Rounds

$72.9m

Money raised

Orexo is a pharmaceutical company developing and commercializing drugs founded in 1995 by Anders Pettersson, Christer Nyström and Thomas Lundqvist.

8

Funding Rounds

$125.2m

Money raised

Majority is a neobank based in United States offering Personal accounts including a debit card, with all transactions being managed from an iPhone or Android application. Majority currently accepts to open mobile bank accounts for residents of United States.

1

Funding Rounds

$4.6m

Money raised

Cytena is a biotechnology company and developer of a single-cell printing technology designed to assist contact-free deposition of single cells encapsulated in micro-droplets.

8

Funding Rounds

$73.3m

Money raised

CorPower Ocean is a wave energy converter solutions provider founded in 2012 by Patrik Möller .

Location:

Key people:

2

Funding Rounds

$39.0m

Money raised

GOALS is a gameplay-first football game. Free to play, cross-play, multiplayer-focused, and esports ready. Own your assets and trade them freely.

3

Funding Rounds

$42.6m

Money raised

Interactive software that makes presentations, events, and classrooms engaging and fun.

5

Funding Rounds

$50.5m

Money raised

Natural Cycles is a Sweedish company that developed an app that acts as a digital birth control tracking and monitoring fertility periods.

3

Funding Rounds

$13.7m

Money raised

Normative is a Stockholm-based software company helping enterprises address their social and environmental impact.

10

Funding Rounds

$541.9m

Money raised

Developer of a royalty-free music library to provide production music for films, TV and YouTube.

8

Funding Rounds

$38.6m

Money raised

Trustrace ensures the traceability and transparency of a supply chain.

2

Funding Rounds

$37.2m

Money raised

Lytics is a company founded in 2012 by James McDermott.

4

Funding Rounds

$1.3m

Money raised

Carbiotix is a personalized nutrition company that produces consumer gut health products and microbiome therapeutics.

6

Funding Rounds

$170.0m

Money raised

AI tools provider to personalise online training for professionals.

9

Funding Rounds

$215.4m

Money raised

Budbee develops technical solutions to create e-commerce shopping experiences

3

Funding Rounds

$23.6m

Money raised

Easy-to-use POS and payments platform for retail owners.

4

Funding Rounds

$41.8m

Money raised

An artificial intelligence company developing conversational chatbots for enterprise.

1

Funding Rounds

$40.0m

Money raised

Wilson Therapeutics is an every Day We Change Lives founded in 1992.

3

Funding Rounds

$19.5m

Money raised

BehavioSec is a Stockholm-based fraud detection systems developer based on models of behavior.

4

Funding Rounds

$10.3m

Money raised

Tictail is a company founded in 2012 by Carl Waldekranz.

5

Funding Rounds

$22.3m

Money raised

Eliq is a Swedish tech company that specializes in the analysis and visualization of energy data.

1

Funding Rounds

$7.5m

Money raised

Digital marketplace for moving, recycling or delivering items.

Location:

Key people:

1

Funding Rounds

$2.9m

Money raised

SenzaGen AB is a Lunde, Sweden-based company founded by Malin Lindstedt.

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