2116 Top startups in Sweden for April 2025

We rank Instabox, Mentimeter and Trustly in Sweden along with 2113 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Sweden startup ecosystem ranks #6 globally and #2 in Western Europe.

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Top Unicorn Startups in Sweden for 2025

Seven startups have achieved unicorn status by exceeding USD 1 billion in valuation. Collectively, the top three unicorns in Sweden have raised more than USD 25.6B.
SB Score:844

Klarna provides online payment solutions, known for its "buy now, pay later" service, allowing consumers to shop with flexibility and security.

Industry:
Fintech
Subindustry:
Payments

City Rank (Stockholm)

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SB Score:649

Northvolt develops sustainable lithium-ion batteries in conjunction with R&D, industrialization, and recycling to support clean energy. It provides electrification and renewable energy storage designed for lithium-ion battery plants to produce batteries for electric vehicles. Northvolt's product is an environment-friendly battery manufactured with a minimal carbon footprint and with recycling technology without compromising important ecosystems, enabling the auto industry to replace fossil fuels with electricity in an efficient manner. The company aims to establish a supply of sustainable battery cells and systems.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Stockholm)

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3rd

KRY
SB Score:645

KRY revolutionizes healthcare by providing easy access to convenient care, making it more accessible for everyone.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Stockholm)

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Total amount:7

Best Startups in Sweden for 2025

SB Score:658

Instabox offers convenient delivery to smart box locations 7 days a week through select online partners. Customers can receive their packages hassle-free with our service.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Stockholm)

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SB Score:626

Mentimeter enhances audience engagement by allowing users to easily poll live audiences using their personal phones. Results are displayed in a visually appealing way, perfect for classrooms, conferences, or events. Energize your presentations with Mentimeter and make every audience experience unforgettable.

Industry:
Software & Data
Subindustry:
Software and Data-Other

City Rank (Stockholm)

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SB Score:616

Trustly enables users to receive secure payments directly from their bank accounts without the need for cards, apps, or registration. Enjoy peace of mind with bank-level security for seamless transactions.

Industry:
Fintech
Subindustry:
Payments

City Rank (Stockholm)

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SB Score:611

Doktor.se is a cutting-edge digital healthcare company that provides personalized care to individuals. They offer modern and convenient healthcare solutions through their online platform, making it easy for users to access medical services and support whenever they need it.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Stockholm)

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SB Score:603

Matsmart sells surplus food online. A significant part of the food would otherwise be thrown away due to packaging changes, short or expired expiry dates, or other reasons. In 2017, Matsmart saved 2022 tonnes of food from going to waste. The company has seen explosive growth, reaching recurring revenues of SEK 200 million. Matsmart was founded by Karl Andersson, Erik Södergren and Ulf Skagerström, and launched in Sweden in 2014. Since then, the company has also expanded to Norway and Finland.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Stockholm)

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SB Score:599

iZettle is reinventing technologies and banking services that help small-business owners live better, work less and earn more. Based in Stockholm, the financial technology company revolutionized mobile payments in 2010 with the world’s first mini chip card reader and software for mobile devices. Today, small-business owners around the world use iZettle’s powerfully simple services to improve the speed and ease of payments at checkout, business management, sales analytics, customer engagement, and funding

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Stockholm)

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SB Score:599

Teamtailor offers a recruitment solution that is adored by both employers and candidates. It streamlines the hiring process, making it easy and enjoyable for all parties involved.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Stockholm)

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SB Score:598

NA-KD.com is a trendy Swedish online fashion retailer. Shop the latest styles with ease on their website.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Gothenburg)

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SB Score:597

MatHem is an e-commerce platform offering a wide selection of groceries online, along with convenient recipe suggestions and subscription options for pre-made meals. With everything you need in one place, MatHem makes grocery shopping and meal planning easier than ever before.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Stockholm)

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10th

Aira
SB Score:579

Aira is a clean energy technology company dedicated to reducing CO2 emissions from residential heating. By offering innovative heat pumps and energy-saving solutions, Aira empowers homeowners to decrease their reliance on foreign gas and lower their energy bills, promoting a sustainable future for all.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Stockholm)

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SB Score:572

Paradox Interactive specializes in creating engaging historical grand strategy games for computers. Their games immerse players in complex historical scenarios, challenging them to make strategic decisions that shape the course of history. With a focus on detailed historical accuracy, Paradox Interactive delivers an immersive gaming experience for history enthusiasts.

Industry:
Social & Leisure
Subindustry:
Gaming

City Rank (Stockholm)

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Total amount:2116

Top 682 Software & Data Startups in Sweden for 2025

The top three Software & Data startups in Sweden have raised more than USD 881M. Sweden startup ecosystem ranks #11 globally for the Software & Data industry.
SB Score:626

Mentimeter enhances audience engagement by allowing users to easily poll live audiences using their personal phones. Results are displayed in a visually appealing way, perfect for classrooms, conferences, or events. Energize your presentations with Mentimeter and make every audience experience unforgettable.

Industry:
Software & Data
Subindustry:
Software and Data-Other

City Rank (Stockholm)

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Regional Rank (Western Europe)

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SB Score:599

Teamtailor offers a recruitment solution that is adored by both employers and candidates. It streamlines the hiring process, making it easy and enjoyable for all parties involved.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Stockholm)

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SB Score:571

Natural Cycles offers a contraceptive app, spearheading digital contraception, a new category in female reproductive health. Users measure their basal body temperature in the morning and the app computes the temperature (and other relevant data like levels of luteinizing hormone) through an algorithm to calculate whether they are fertile or not. Natural Cycles’ subscription product relies on an algorithmic method to predict which days women are fertile during their monthly cycle — with an in-app color-coded calendar informing users if they could have unprotected sex on a given day or not. Women using the app are required to measure and input their body temperature daily using a basal thermometer. Natural Cycles relies on this and other individual data inputs to algorithmically calculate the probability of the user being fertile on each day in her cycle.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Stockholm)

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Total amount:682

Top 189 Fintech Startups in Sweden for 2025

The top three Fintech startups in Sweden have raised more than USD 662M. Sweden startup ecosystem ranks among the top 10 locations in the world for startups in Fintech, holding the 6th position.
SB Score:616

Trustly enables users to receive secure payments directly from their bank accounts without the need for cards, apps, or registration. Enjoy peace of mind with bank-level security for seamless transactions.

Industry:
Fintech
Subindustry:
Payments

City Rank (Stockholm)

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Regional Rank (Western Europe)

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Global Rank (WorldWide)

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SB Score:599

iZettle is reinventing technologies and banking services that help small-business owners live better, work less and earn more. Based in Stockholm, the financial technology company revolutionized mobile payments in 2010 with the world’s first mini chip card reader and software for mobile devices. Today, small-business owners around the world use iZettle’s powerfully simple services to improve the speed and ease of payments at checkout, business management, sales analytics, customer engagement, and funding

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Stockholm)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

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SB Score:569

Billogram provides cloud-based invoicing automation, streamlining customer management to boost revenue and reduce churn.

Industry:
Fintech
Subindustry:
Financial Technology

City Rank (Stockholm)

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Regional Rank (Western Europe)

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Total amount:189

Top 198 Hardware & IoT Startups in Sweden for 2025

The top three Hardware & IoT startups in Sweden have raised more than USD 1.41B. Sweden startup ecosystem ranks among the top 10 locations in the world for startups in Hardware & IoT, holding the 4th position.
SB Score:538

Sellpy makes it easier than any other service to sell the things you don’t use. You just fill a bag, we come pick it up, sell what can be sold and split the profits. Whatever we can’t sell we donate to charity. Order a bag today from www.sellpy.se and get started!

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

City Rank (Stockholm)

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SB Score:511

Tobii Technology is a provider of hardware and software solutions for eye tracking, a technology that enables one to detect eye orientation, and thus the object of the gaze. Using innovations in technology, Tobii's mission is to bring eye tracking into broader use in applications such as eye control interfaces for computers, design testing, and medical diagnostics. The company was founded in 2001 and is based in Danderyd, Sweden with additional offices in the United States, Germany, Norway, and Japan.

Industry:
Hardware & IoT
Subindustry:
Hardware

City Rank (Stockholm)

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SB Score:502

Dirac delivers exceptional audio quality across various platforms such as mobile, VR/AR, gaming, and commercial AV. Experience perfect sound in any setting with Dirac's advanced technology.

Industry:
Hardware & IoT
Subindustry:
Consumer Electronics

City Rank (Uppsala)

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Regional Rank (Western Europe)

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Total amount:198

Most Funded Startups in Sweden for 2025

The top three most funded startups in Sweden have raised total funding of more than USD 2.44B. H2 Green Steel has 0.40% more funding than MatHem.
SB Score:440

H2 Green Steel operates a steel production plant to accelerate the decarbonization of the steel industry using green hydrogen. It provides a digitalized and automated greenfield steel plant by bringing together raw materials, renewable energy, and artificial intelligence to help clients have access to fossil-free steel at a leading cost position. The project includes a giga-scale green hydrogen plant as an integrated part of the steel production facility. H2 Green Steel was established in 2020 in Stockholm, Sweden.

Industry:
Hardware & IoT
Subindustry:
Manufacturing

City Rank (Stockholm)

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Regional Rank (Western Europe)

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SB Score:597

MatHem is an e-commerce platform offering a wide selection of groceries online, along with convenient recipe suggestions and subscription options for pre-made meals. With everything you need in one place, MatHem makes grocery shopping and meal planning easier than ever before.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Stockholm)

0

View

Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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3rd

Aira
SB Score:579

Aira is a clean energy technology company dedicated to reducing CO2 emissions from residential heating. By offering innovative heat pumps and energy-saving solutions, Aira empowers homeowners to decrease their reliance on foreign gas and lower their energy bills, promoting a sustainable future for all.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Stockholm)

0

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Regional Rank (Western Europe)

0

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Global Rank (WorldWide)

0

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Total amount:2116

Top Hiring Startups in Sweden by Employee Number

The top three hiring startups in Sweden have an median employee size that is between [10001+]
SB Score:456

Cool Company supports self-employed contractors with services to help them succeed. Streamlined solutions for invoicing, tax compliance, and financial management empower contractors to focus on their work.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Stockholm)

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Regional Rank (Western Europe)

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SB Score:332

Cytiva leverages advanced technology, tools, and software to support research, innovation, and growth in the scientific community. With a wealth of expertise, they empower study, discovery, and development for a brighter future.

Industry:
Healthtech
Subindustry:
Biotechnology

City Rank (Uppsala)

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Regional Rank (Western Europe)

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SB Score:296

Embracer Group is a leading company in the gaming industry, creating and releasing PC and console games worldwide. Their diverse portfolio of businesses is dedicated to developing engaging and innovative games for gamers everywhere.

Industry:
Social & Leisure
Subindustry:
Gaming

City Rank (Karlstad)

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SB Score:163

Eaton is a dynamic power management company offering innovative solutions for efficient electrical, hydraulic, and mechanical power control. As a global leader in technology, we help customers optimize energy usage with eco-friendly products.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Malmö)

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Regional Rank (Western Europe)

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Global Rank (WorldWide)

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Total amount:2116

Explore the Startup Ecosystem of Sweden

Population

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10.5 Million

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Regional Rank

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2nd

0

Global Rank

(WorldWide)

6th

1

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Top Cities for Startups in Sweden - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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