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 112 start-ups with an aggregate funding of $5.8b. The average funding per company in this subset is $84.4m.

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

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2

Funding Rounds

$1.6m

Money raised

Safello is a company founded in 2013 by Frank Schuil.

6

Funding Rounds

$2.8b

Money raised

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

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.

Key people:

4

Funding Rounds

$170.6m

Money raised

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

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

$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.

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.

8

Funding Rounds

$38.6m

Money raised

Trustrace ensures the traceability and transparency of a supply chain.

Location:

Key people:

6

Funding Rounds

$170.0m

Money raised

AI tools provider to personalise online training for professionals.

3

Funding Rounds

$19.5m

Money raised

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

1

Funding Rounds

$2.2m

Money raised

Skyqraft's AI system automatically detects powerline equipment and powerline issues enabling its customers to conduct smarter and safer powerline inspections in a more cost-efficient and environmentally sustainable way.

2

Funding Rounds

$2.8m

Money raised

Agreement24 is a company founded in 2004 by Magnus Stein, Anders Perméus and Johan Wiberg.

3

Funding Rounds

$54.0m

Money raised

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

3

Funding Rounds

$2.4m

Money raised

Zaver is a P2P payments platform founded in 2016 by Amir Marandi.

Location:

Key people:

6

Funding Rounds

$344.3m

Money raised

Tink's banking platform lets clients connect to over 3,400 European banks and institutions to get enriched and categorised financial data

1

Funding Rounds

IFS is a company founded in 1983.

2

Funding Rounds

$7.6m

Money raised

Artificial Intelligence company

2

Funding Rounds

$8.2m

Money raised

Ekkono Solutions is a software company developing embedded software and tools for connected devices.

Location:

Key people:

1

Funding Rounds

$4.5m

Money raised

Heliospectra is a company founded in 2006.

Location:

1

Funding Rounds

Unbiased.ml is a software company developing business-to-business (B2B) solutions for enterprises working with artificial intelligence and machine learning applications. It specializes in making solutions for ethical challenges in the technology industry.

5

Funding Rounds

$53.4m

Money raised

Hedvig Inc. is a Santa Clara, California-based software development company providing software-defined storage for enterprises building private, hybrid, or multi-cloud environments. Hedvig was acquired by Commvault in September 2019.

1

Funding Rounds

$59.9k

Money raised

IBCRobotics is providing industries with non-water, automated, environmentally-friendly cleaning solutions.

Location:

Key people:

2

Funding Rounds

$3.4m

Money raised

Alelion Energy Systems AB is a company founded by Håkan Sandberg.

2

Funding Rounds

$3.2m

Money raised

TrialBee is a company founded in 2010.

1

Funding Rounds

$1.6m

Money raised

Freemelt AB is a research company that provides open-source EB- based metal 3D printers.

Location:

Key people:

3

Funding Rounds

$11.2m

Money raised

Safe Solution For Normalizing Blood Sugar Levels

2

Funding Rounds

$2.6m

Money raised

Unibap is a company founded in 2013 by Kjell Brunberg.

Location:

Key people:

2

Funding Rounds

$2.5m

Money raised

Abarceo Pharma AB is a company in the pharmaceuticals industry founded by Tara Heitner, Claes Wollheim and Albert Salehi.

Location:

Key people:

2

Funding Rounds

$293.0k

Money raised

Devadi Ventures is a Bern, Switzerland-based property management and architecture firm.

1

Funding Rounds

$6.8m

Money raised

TRINE is a Sweden-based company founded in 2015.

$800.0k

Money raised

Products designed for on-ice and off-ice training to enhance hockey performance.

Location:

3

Funding Rounds

$150.3k

Money raised

Strawpay is a company founded in 2014.

4

Funding Rounds

$105.0m

Money raised

Instabox is a delivery service available to select online partners where packages are delivered to smart box locations 7 days a week.

Industries:

Location:

Key people:

2

Funding Rounds

$1.1m

Money raised

Relox Robotics develops task-specific autonomous robots to help companies become more efficient and sustainable.

Location:

1

Funding Rounds

Halon Security is a Swedish company providing inbound and outbound email routing, processing, and anti-spam filtering software to enterprises. The company was founded in 2002.

3

Funding Rounds

$866.6k

Money raised

VBN Components is a company in Sweden.

Key people:

1

Funding Rounds

$5.0m

Money raised

Campanja is a company founded in 2009.

3

Funding Rounds

$3.8m

Money raised

Vinter is an index provider specializing in regulated crypto assets founded in 2019.

1

Funding Rounds

Project Cosimo is a company founded in 2016 by Henrik Karlsson.

1

Funding Rounds

$10.1m

Money raised

Worldfavor is a Sweden-based company.

1

Funding Rounds

$8.5m

Money raised

Fingerprint Cards develops and produces biometric components and technologies that verify a person's identity through the analysis and matching of an individual's unique fingerprint.

6

Funding Rounds

$122.0m

Money raised

Hedvig is a tech startup that focuses on building insurance solutions.

1

Funding Rounds

$27.4m

Money raised

BIMobject® is a company founded in 2011 by Stefan Larsson.

1

Funding Rounds

$3.4m

Money raised

Agency specializing in economic services, managing everything from company formation to financial reporting and tax declarations.

1

Funding Rounds

$170.0k

Money raised

Adoveo is an interactive video advertising platform founded in 2015.

1

Funding Rounds

$5.6m

Money raised

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

Industries:

Location:

$2.4m

Money raised

Nordic SeaFarm is a seaweed-based cultivation solutions provider founded in 2016 by Fredrik Gröndahl, Henrik Pavia, Elisabet Brock, Gunilla Toth and Göran Nylund.

Location:

Key people:

1

Funding Rounds

$474.2k

Money raised

Zyyx 3D Printer manufactures printers.

1

Funding Rounds

$6.4m

Money raised

Baffin Bay Networks is a company founded in 2017.

1

Funding Rounds

ZeroPoint develops memory compression systems for real time direct access in all systems for all applications.

Location:

1

Funding Rounds

$40.0m

Money raised

Tribune Therapeutics is a developer of therapeutics for fibrotic diseases founded in 2020 by Georg Vo Beiske, Ole Joergen and Havard Attramadal.

Location:

Key people:

2

Funding Rounds

$22.5m

Money raised

Lovable is an AI-powered software development platform for GPT engineer founded in 2023 by Anton Osika.

Location:

Key people:

1

Funding Rounds

$5.1m

Money raised

Chroma is the future sound of entertainment.

1

Funding Rounds

$1.0m

Money raised

AI-powered intelligence platform for investment professionals & C-level executives.

Location:

Key people:

2

Funding Rounds

$3.8m

Money raised

A company in the insect processing, production, or supply industry.

Industries:

Location:

1

Funding Rounds

$75.0m

Money raised

Apptus is a company founded in 2000.

2

Funding Rounds

$28.0m

Money raised

Exeger Sweden AB is a company in the energy industry founded in 2009.

Industries:

Location:

1

Funding Rounds

$3.5m

Money raised

Wingbits is a DePIN flight-tracking network builder founded in 2023 by Robin Wingårdh .

Location:

Key people:

1

Funding Rounds

$1.5m

Money raised

Provider of intelligent platform to evaluate the remaining shelf life of food products.

Location:

Key people:

1

Funding Rounds

$49.0m

Money raised

Flower is an AI-powered energy grid management platform founded in 2020 by John Diklev.

1

Funding Rounds

PromoBucket is a Sweden-based company founded by Alex Kheirmand.

1

Funding Rounds

$2.4m

Money raised

AI-powered legal data search engine provider for lawyers.

Location:

Key people:

2

Funding Rounds

$6.3m

Money raised

Tail-f Systems is a company founded in 2005.

1

Funding Rounds

$1.1m

Money raised

Re:meat is a cost-efficient cultivated meat solutions provider founded in 2022 by Jacob Schaldemose Peterson.

Location:

Key people:

1

Funding Rounds

$3.0m

Money raised

Starhive is a no-code app building platform for businesses founded in 2022 by Mathias Edblom.

Location:

Key people:

1

Funding Rounds

$485.0m

Money raised

Provider of sustainable and high-performance data centre solutions.

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