121 Sweden Startups to Watch in 2020

Sweden's tech sector is booming. This year’s list of the best 121 Sweden tech startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between.

The last update was made on November 16, 2020.

Curated by @gonsanchezs

Sweden 10+ employees Fast-growing


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Klarna

Klarna is an e-commerce payment solutions platform for merchants and shoppers.

Stockholm   1001-5000   $1,234,713,450  

VOI Technology

VOI Technology owns, operates, and manages electric scooters for urban commuters in Stockholm.

Stockholm   11-50   $137,900,000  

Spotify

Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists.

Stockholm   1001-5000   $2,585,424,678  

Tink

Tink is a cloud-based platform that provides the infrastructure and data products that are enabling the future of financial services.

Stockholm   251-500   $105,615,958  

Karma

Karma designs and offers application to minimize the food waste in grocery stores and restaurants.

Stockholm   501-1000   $16,746,654  

Teamtailor

Teamtailor is the recruiting solution you and your candidates will love.

Stockholm   11-50   $5,200,000  

Northvolt

Enabling the future of energy.

Stockholm   101-250   $600,000,000  

KRY

KRY is transforming the world of healthcare by making care more accessible and convenient.

Stockholm   251-500   $91,917,585  

Epidemic Sound

Epidemic Sound is a music company that produces music for online creators.

Stockholm   51-100   $58,861,893  

Lytics

LYTICS is an artificial intelligence company serving the healthcare community in solving complex medical and clinical issues.

Malmö   51-100   $1,103,429  

Lifesum

Lifesum is a Swedish digital health startup that helps clients become healthier by using applied psychology and technology.

Stockholm   11-50   $21,700,000  

Sinch

Sinch connects with customers and makes engagement personal with simple, programmable communication tools.

Stockholm   251-500   $12,000,000  

Storytel

Audiobooks in your iPhone or Android mobile.

Stockholm   51-100   $14,814,103  

Paradox Interactive

Paradox Interactive is a video game publisher that focuses on historical, grand strategy computer games.

Stockholm   251-500   $32,620,000  

Truecaller

Truecaller is a mobile app that lets you see who's calling and block unwanted calls.

Stockholm   51-100   $98,585,793  

Mapillary

Mapillary is the street-level imagery platform that scales and automates mapping using collaboration, cameras, and computer vision.

Malmö   51-100   $24,500,000  

Acast

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

Stockholm   101-250   $97,879,888  

Natural Cycles

Natural Cycles is a contraceptive app that spearheads the development of digital contraception.

Stockholm   11-50   $37,500,000  

Matsmart

Matsmart sells surplus food online. A major part would have been thrown away, due to packaging changes, short expiry dates or other reasons.

Stockholm   101-250   $46,348,123  

Funnel

Funnel designs and develops software/platform that helps marketers automate their data collection.

Stockholm   51-100   $21,000,000  

Dreams

Dreams is a Neo-bank that makes saving, spending and lending money easy, engaging, and social.

Stockholm   11-50   $27,803,971  

GLoot

G-Loot is an Esports platform that lets gamers compete with friends and random opponents directly or through tournaments.

Stockholm   51-100   $42,288,571  

Budbee

A smart, fast and personal home delivery service for online shopping.

Stockholm   101-250   $19,088,548  

MAG Interactive

MAG Interactive is a Sweden-based mobile game and app development company.

Stockholm   11-50   $15,525,382  

Wrapp

Wrapp is The New Standard for rewarding purchases and customer loyalty.

Stockholm   51-100   $36,579,001  

Bynk

Bynk is a fintech company that provides personal loans, in a data-driven manner.

Stockholm   11-50   $72,690,371  

Fishbrain

Fishbrain helps people catch more and bigger fish and become better anglers - today and tomorrow.

Stockholm   11-50   $27,750,000  

Trustly

Trustly provides a simplified Internet solution for online payments through a bank.

Stockholm   101-250   $28,862,926  

ChromaWay

ChromaWay is a platform which enables smart contracts and digital assets for financial applications and non-financial applications.

Stockholm   11-50   $14,809,866  

Peltarion

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

Stockholm   51-100   $36,784,860  

Meds

Meds is an online pharmacy that sells prescription and non-prescription drugs.

Stockholm   11-50   $10,581,112  

Adverty

Adverty is the next generation advertising platform.

Stockholm   11-50   $4,657,790  

Activate

Activate, formerly known as Bloglovin', is a blog aggregator that allows for multiple blog viewing from one place.

Stockholm   11-50   $18,680,805  

Hedvig

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

Stockholm   11-50   $10,314,160  

&frankly

&frankly provides insight to a company's employee engagement and an agile approach to change instead of death by surveys and analysis.

Stockholm   51-100   $1,434,356  

Anyfin

Anyfin puts a stop to overpriced financial products to save money on private loans by taking a photo.

Stockholm   11-50   $8,962,681  

Lendify

Lendify is Sweden's largest bank challenger taking market shares from traditional banks.

Stockholm   11-50   $423,754,855  

Accedo

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  

Nectarine Health

Nectaring is transforming elderly care with IoT and Machine Learning

Stockholm   11-50   $12,579,562  

Tibber

Tibber provides energy consumer services and learns to buy, save, and control electricity for homes.

Stockholm   11-50   $16,509,336  

Glue Home

Glue enables smart access for people, products and services into the home while you are away.

Stockholm   11-50   $12,588,426  

Flow Neuroscience

Flow Neuroscience is a healthcare company.

Malmö   1-10   $2,594,219  

Zound Industries

Zound Industries designs, develops, and markets headphones.

Stockholm   101-250   $15,612,815  

inRiver

inRiver helps e-commerce professionals tell better product stories to increase sales, customer satisfaction and lifetime value.

Malmö   101-250   $17,939,395  

MatHem

Sweden's largest online grocery store with above SEK 1 billion in sales in 2016 and continued high growth.

Stockholm   251-500   $166,425,993  

Soundtrap

Soundtrap operates an online music recording studio that enables users to record, edit, collaborate, and share their recordings.

Stockholm   11-50   $8,500,000  

Gimi

Gimi is an educational app that teaches young adults about money.

Stockholm   11-50   $5,396,121  

Quixel

Graphics softwares and libraries.

Uppsala   101-250   $3,042,403  

AppJobs

The world's largest community of gig-workers with members in over 300 cities across the globe

Stockholm   51-100   $11,853,695  

Minut

Minut is a Scandinavian startup pioneering a new approach to home security.

Malmö   11-50   $10,745,941  

Panion

Panion is the first keyword-searchable social app that connects like-minded people through common interests, values, and experiences.

Malmö     $259,053  

Aprea

Aprea focuses on the discovery and development of novel anticancer compounds reactivating the tumor suppressor protein p53.

Stockholm   11-50   $112,875,756  

ORBITAL SYSTEMS

ORBITAL SYSTEMS is a Swedish clean-tech company that develops a water recycling technology to be used in domestic appliances.

Malmö   51-100   $46,903,243  

Kreditz

Kreditz real-time credit score based on bank transaction data from the past 12 months.

Stockholm   11-50   $933,411  

Resolution Games

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

Stockholm   11-50   $13,500,000  

Bitrefill

Bitrefill offers gift cards, mobile phone refills, and lightning network services on a global scale, receiving bitcoin and cryptocurrencies.

Stockholm   11-50   $2,000,000  

Sellpy

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

Stockholm   11-50   $8,455,897  

Tiptapp

Tiptapp helps you move things in and out of your home.

Stockholm   11-50   $7,493,689  

Coala Life

Developed a digital service where a small wireless heart monitor reading of the heart's ECG and heart sounds

Stockholm   1-10   $20,016,075  

Bambuser

Mobile live streaming made easy.

Stockholm   11-50   $11,362,671  

Pej

Pej is a step ahead so you can be where you are. It’s a stress free, secure payment experience delivered in a friendly and personalized way.

Malmö   1-10   $2,969,856  

Minna Technologies

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

Gothenburg   51-100   $6,200,000  

Getinge

Getinge identifies customer issues and promotes clinical and economic benefits and follow and support the customer decision process.

Gothenburg   10001   $539,307,200  

Stravito

We’re building the most powerful and personalised knowledge management tool for consumer goods companies.

Stockholm   11-50   $6,285,997  

Doktor.se

Doktor.se is a modern and personal care company working with digital healthcare.

Stockholm     $16,000,000  

Capcito

Capcito – Takes invoice financing and SME lending to the next level through technology and applying data-driven decision making.

Stockholm   11-50   $11,460,083  

Doctrin

Doctrin provides decision support systems and communication tools to healthcare providers.

Stockholm   11-50   $18,468,385  

Kognity

Intelligent SaaS Textbooks with school customers in over 70 countries.

Stockholm   51-100   $7,132,058  

Sana Labs

Sana Labs is an artificial intelligence company that exerts breakthroughs in machine learning to personalize educational content.

Stockholm   11-50   $2,500,000  

Challengermode

Challengermode is a Swedish esports startup founded in 2014 with the vision to create the best possible online competitive gaming experience

Stockholm   11-50   $6,003,807  

Glance

Glance makes it easy to track all your company's data using the Glance Dashboard and Slack.

Malmö   101-250    

Regily

Regily applies advanced technologies to make it enjoyable for users to sign up for new services online.

Stockholm   11-50   $2,195,442  

Qred

Qred brings accessible, fast and frictionless financing to small businesses using digital processes.

Stockholm   51-100   $55,058,023  

Starbreeze

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

Stockholm   251-500   $79,000,000  

Irisity AB (publ)

Irisity AB is an intelligent camera surveillance that upgrades surveillance cameras and monitoring systems using AI and proactive.

Gothenburg   11-50   $8,050,000  

Mitigram

Mitigram is a platform that offers secure, instantaneous interactions across the global trade finance instrument ecosphere.

Stockholm   11-50   $17,060,896  

Buddy Pet Foods

A premium D2C all-natural pet food company from Stockholm, Sweden

Stockholm   1-10   $1,256,175  

Kaching

Kaching develops a cloud-based mobile retail platform.

Stockholm   11-50   $13,449,635  

Werlabs

Werlabs is a Stockholm based medical technology company

Stockholm   11-50   $15,328,280  

re:newcell

re:newcell has developed a patented process for recycling cellulose-based textiles, such as cotton and viscose.

Stockholm     $10,619,623  

Strafe

Strafe is a lifestyle application for a global e-sport audience and fans.

Stockholm   1-10   $5,070,532  

Volumental

Cloud-based platform using 3D for product customization.

Stockholm   11-50   $4,458,028  

PinMeTo

We help chains and franchises reach all customers on all relevant online platforms.

Malmö   11-50   $5,096,897  

Remente

Remente, an online mental health-based platform, helps its users improve their mental strength, reach their goals, and enhance their lives.

Gothenburg   11-50   $1,147,278  

Billogram

Billogram is a Sweden-based company that offers a simplified invoicing service for small and large corporations.

Stockholm   11-50   $11,201,421  

Typelane

Typelane makes it simple to deliver a personal and engaging employee onboarding and offboarding experience while saving you time.

Stockholm   11-50   $1,098,167  

Mindler

Mindler makes it easy to meet a psychologist - usually the same day!

Stockholm     $4,849,332  

Embark Studios

Embark Studios is a games studio, on a mission to blur the line between playing and making.

Stockholm     $41,000,000  

Cint

Cint is a global insight exchange that enables community owners to provide consumer data to researchers, agencies and brands.

Stockholm   101-250   $17,426,168  

Scrive

Scrive is the Nordic market leading solution for e-signing.

Stockholm   11-50   $1,951,315  

Crosser

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  

Magine

Magine is a cloud-based TV operator providing live, recorded and time shifted TV across all devices.

Stockholm   101-250   $58,268,537  

TrusTrace

TrusTrace is a Technology Company that provides solutions to enable "Conscious consumerism and Responsible Production".

Stockholm   11-50   $1,584,966  

Mavenoid

Mavenoid builds human-friendly troubleshooting software that helps people discover what’s wrong and how to fix it.

Stockholm   1-10   $1,900,000  

Heja

Heja is only app you need to easily handle communication between coaches, managers, parents and players.

Stockholm   11-50   $2,656,973  

Covr Security

Covr Security meet the growing demand for highly secure, user-centric control over mobile security and digitized personal information.

Malmö   11-50   $3,849,146  

Greenely

Greenely is an energy management tool ans app where households will be able to get an overview of their energy consumption.

Stockholm   1-10   $3,419,043  

Universal Avenue

Universal Avenue specializes in the digitalization of small and medium-sized businesses.

Stockholm   11-50   $23,000,000  

Tacton Systems

Tacton Systems is a global vendor of sales and product configuration software and services.

Stockholm   101-250   $12,000,000  

ManoMotion

ManoMotion is a gesture technology company that enables its users to manipulate objects in 3D space with real-life intuitiveness.

Stockholm   11-50   $6,450,000  

TRINE

Financing energy access through innovative ways of funding.

Gothenburg   1-10   $7,420,186  

Fyndiq

Fyndiq.se - the Swedish Bargain Superstore, connecting merchants with bargain hunters

Stockholm   51-100   $35,409,722  

Safello

Safello operates a bitcoin exchange and related services in the European market.

Stockholm   11-50   $2,079,731  

Upsales

Upsales is a Marketing & CRM software company

Stockholm   51-100   $5,483,292  

Donna

AI-Powered legal drafting tool for lawyers.

Malmö   1-10   $2,500,000  

Caliroots

Caliroots is a streetwear fashion retail company with both retail stores and an online presence.

Stockholm   101-250   $5,912,435  

Saltside Technologies

Saltside creates online marketplaces in developing countries.

Gothenburg   501-1000   $65,000,000  

Widespace

Mobile Widespace is an advertising company that sells ads over mobile devices.

Stockholm   101-250   $26,940,962  

Leeroy

Leeroy provides a technology platform that transforms customer data into marketing both on-site in-store and mobile.

Stockholm   11-50   $9,310,008  

norbloc

norbloc’s Blockchain KYC products enable Individuals, organizations and regulators to manage and share verified Know Your Customer data

Stockholm   11-50   $1,600,000  

Heliospectra

Heliospectra specializes in intelligent LED lighting systems for plant science and horticulture applications.

Gothenburg   11-50   $14,847,662  

Joint Academy

Joint Academy is a digital clinic for patients with osteoarthritis

Malmö   11-50   $10,200,000  

Dirac

Dirac specializes in digital sound optimization solutions.

Uppsala   11-50   $26,680,870  

Sirius International Insurance

Sirius International Insurance offers property and casualty reinsurance and insurance services.

Stockholm   501-1000   $300,000,000  

OxThera

OxThera develops products for the treatment of metabolic disorders resulting from excess levels of oxalate.

Stockholm     $87,562,618  

Adfenix

Adfenix collect & make sense of the world's real estate data.

Gothenburg   51-100   $6,000,000  

Beleco

Beleco is a marketplace where members share designer furniture

Stockholm   11-50   $2,328,789  

Modcam

Modcam uses computer vision and machine learning on device to track, monitor and analyse people, anonymously!

Malmö   1-10   $7,571,262  

Tracklib

Tracklib is the world’s first record store with songs for sampling.

Stockholm   11-50   $4,150,000  

DigiExam

Making digital examinations available for everyone

Stockholm   11-50   $4,751,396  

DPOrganizer

DPOrganizer is a privacy management software that helps you a map, visualize, report, and manage the processing of personal data.

Stockholm   11-50   $7,086,515  

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