30 Hardware Startups in Sweden to Watch in 2020

Sweden's Hardware sector is booming. This year’s list of the best 30 Sweden Hardware startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between.

The last update was made on January 21, 2023.

Curated by @gonsanchezs

Sweden 10+ employees Fast-growing

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Enabling the future of energy.

Stockholm   101-250   $600,000,000  


Adverty is the next generation advertising platform.

Stockholm   11-50   $4,657,790  


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

Stockholm   11-50   $10,314,160  


Accedo is a provider of interactive apps for smart TVs and connected TV devices for media companies, consumer electronics, and TV operators.

Stockholm   101-250   $28,270,000  

Resolution Games

Resolution Games operates as a virtual reality and augmented reality games studio.

Stockholm   11-50   $13,500,000  


Sellpy makes it easier than any other service to sell the things you don’t use.

Stockholm   11-50   $8,455,897  


Starbreeze Studios creates, publishes, and distributes high quality entertainment products.

Stockholm   251-500   $79,000,000  


Cloud-based platform using 3D for product customization.

Stockholm   11-50   $4,458,028  


Crosser designs and develops Streaming Analytics and Integration software for any Edge, Fog or Cloud. Target market is Industrial IoT.

Stockholm   11-50   $5,164,948  


Orexo is a pharmaceutical company developing improved treatments using proprietary drug delivery technology.

Uppsala   51-100   $72,980,925  


Azelio is a privately held Swedish high-tech SME specialized in Stirling engine-based renewable energy systems

Gothenburg   101-250   $17,361,478  


Reve is a lifestyle marketplace that brings together content, community, and commerce.

Stockholm   1-10   $1,486,355  


DanAds is a white label self-serve Ad-desk for a publishers small and medium advertisers.

Malmö   11-50   $3,021,291  


Immunicum reports preliminary immunological data from the ongoing clinical phase II-study in mRCC

Gothenburg   11-50   $54,604,236  


Hansoft is a developer of a tool that helps companies manage their software development projects.

Uppsala   11-50   $10,000,000  


debricked AB provides state-of-the-art tools and solutions for cybersecurity and vulnerability management.

Malmö   11-50   $589,689  

Cangoroo Tech

Cangaroo is an innovative smart-mobility company, making urban commuting car-free and sustainable.

Malmö   1-10   $60,000  


ScandiNova is by its break-through technology a world leader in development and production of pulsed power systems with high power levels.

Uppsala   51-100   $11,154,968  

Ciao Ciao Carsharing

Peer-2-peer carsharing service

Gothenburg   1-10   $32,315  


Kollektiva is social platform for pensions in Sweden that is free from conflicts of interest.

Malmö   1-10   $4,475,176  

Corline Biomedical

Corline Biomedical is a pharmaceutical company based in Sweden.

Uppsala     $2,362,681  


Making online conference rooms possible to book online via a booking platform and supplying individual venues with a booking engine.

Gothenburg   1-10   $122,217  

Train Alliance

Train Alliance is a modern and efficient building facilities for rail-related businesses in terms of infrastructure and logistics.

Malmö   11-50   $4,412,000  

Molnlycke Health Care

Mölnlycke Health Care is a provider of high-quality healthcare solutions for customers, healthcare professionals and patients worldwide.

Gothenburg   5001-10000    


Dukanji is an online oriental supermarket.

Gothenburg   1-10   $50,000  

Callenberg Technology Group

Callenberg Technology Group is an international provider of Insulation, HVAC and Electrical Energy Management solutions.

Gothenburg   11-50    


Keypasco’s award winning solution has contributed to a paradigm shift within Internet security.

Gothenburg   11-50    


Bringwash strive to save valuable time that can be used for other purposes.

Malmö   1-10    


Converting and publishing e-books for the middle eastern market

Malmö   1-10    


The service PromikBook is a business where you can bill, record and save all the company's documents.

Gothenburg   11-50    

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