14 Best Software Startups in Sweden to Watch in 2025

The Definitive Seedtable Ranking of Software 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 14 start-ups with an aggregate funding of $1.1b. The average funding per company in this subset is $81.9m.

Last update to the database: Jul 1, 2025. See changelog.

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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:

2

Funding Rounds

$2.8m

Money raised

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

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

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

$10.1m

Money raised

Worldfavor is a Sweden-based company.

2

Funding Rounds

$6.3m

Money raised

Tail-f Systems is a company founded in 2005.

1

Funding Rounds

Dapresy is a company founded in 1999.

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

$10.0m

Money raised

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

Location:

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