56 Best Service Industry Startups in Sweden to Watch in 2025

The Definitive Seedtable Ranking of Service Industry 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 56 start-ups with an aggregate funding of $4.7b. The average funding per company in this subset is $84.0m.

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

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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

$200.0m

Money raised

Oatly is an oatmilk company originally from Sweden.

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.

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.

1

Funding Rounds

IFS is a company founded in 1983.

2

Funding Rounds

$8.2m

Money raised

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

Location:

Key people:

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:

2

Funding Rounds

$2.6m

Money raised

Unibap is a company founded in 2013 by Kjell Brunberg.

Location:

Key people:

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.

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.

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

$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.

2

Funding Rounds

$8.0m

Money raised

Data-driven asset and service management platform for IT teams.

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.

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

$1.0m

Money raised

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

Location:

Key people:

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

$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

$2.4m

Money raised

Developer of a first-in-class antibiotic for multidrug-resistant urinary tract infections

1

Funding Rounds

Dapresy is a company founded in 1999.

1

Funding Rounds

$4.8m

Money raised

Keybroker is a company founded in 2005.

2

Funding Rounds

$1.5m

Money raised

Nordic River AB is a Sweden-based company founded by John Bartlett, Tomer Shalit and Emanuel Erickson.

1

Funding Rounds

$1.1m

Money raised

SponsWatch is an AI-powered sponsorship analytics platform founded in 2021 by Mauricio Torres Leclerc.

Location:

Key people:

1

Funding Rounds

$3.9m

Money raised

Bookboost is a hospitality engagement platform founded in 2016 by Willem Rabsztyn.

Location:

Key people:

1

Funding Rounds

$3.0m

Money raised

Qwaya is a Sweden-based company.

1

Funding Rounds

$661.0k

Money raised

Absolicon Solar Concentrator is a Sweden-based company founded in 2007.

1

Funding Rounds

$10.0m

Money raised

FlatFrog Laboratories is a Sweden-based company founded in 2007.

Location:

1

Funding Rounds

$67.0m

Money raised

Syncron empowers manufacturers to maximize product uptime, deliver after-sales service experiences, while driving revenue and profit improvements.

1

Funding Rounds

$1.5m

Money raised

Handshakes is a Sweden-based software as a service company founded by Charles Poon.

Location:

Key people:

1

Funding Rounds

$244.0k

Money raised

ByteActive is a Sweden-based software as a service company founded in 2006.

Location:

1

Funding Rounds

$1.0m

Money raised

Euroling is a software as a service company.

1

Funding Rounds

$868.0k

Money raised

Kabooza is a Sweden-based software as a service company.

Location:

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