It’s the 208th anniversary of Sweden National Day today and although Swedes are not known for displaying their national pride, to commemorate this occasion, Tracxn has compiled a list of top 25 Swedish startups that have created a dent in the startup space with their disruptive innovations. To know about Swedish VCs who are driving innovation across the globe, click here.
Here’s a more detailed look at the startups:
Company | Founding Year | Location | Total funding (in $) | Description | Key investors |
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2005 | Stockholm | 335.79M | Provides purchase financing and late payment options. | Sequoia Capital, General Atlantic, Atomico, QED Investors, Institutional Venture Partners, DST Global, Creandum, Northzone, Lakestar, GP Bullhound, Oresund Investments, Tengelmann Ventures |
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2010 | Stockholm | 195.56M | Mobile Point of Sale solution provider. | Greylock Partners, American Express, Index Ventures |
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2010 | Stockholm | 82.20M | Provider of mobile-delivered insurance in emerging markets | Kinnevik AB, Digicel Group, Axiata, LeapFrog Investments, Millicom |
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2011 | Gothenburg | 65M | Creates online classifieds websites in developing countries | Kinnevik AB, Hillhouse Capital, Brummer Orthodontics |
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2010 | Angelholm | 46M | Airflow control devices to reduce airborne hospital infections and allergies | Industrifonden, SEB |
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2013 | Malmo | 38.8M | Online doctor consultation via text, voice and video | EQT Ventures, Jonas Nordlander, Christian W. Jansson, Filip Engelbert |
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2013 | Stockholm | 32.9M | Spotify-based music streaming subscriptions for businesses | Spotify, Balderton Capital, Creandum, Northzone, Wellington Partners, TeliaSonera, PlayNetwork, Nordic Venture, Telia Company, Stefan Blom |
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2012 | Stockholm | 32.36M | DIY freemium Storefront | Balderton Capital, Thrive Capital, Creandum, Western Technology Investment, Red Swan Ventures, Project A Ventures, German Startups Group, Scott Belsky, Acton Capital Partners, BGF Ventures |
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2013 | Stockholm | 32M | Provider of ASIC chips, software and services for Bitcoin mining | Accel Partners, Creandum, GP Bullhound, Gullspang Inves |
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2011 | Stockholm | 30.15M | Social gift giving service | Greylock Partners, American Express, Klarna, Atomico, Qualcomm Ventures, Creandum, H&M, Nordea |
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2012 | Malmo | 27.44M | Smart water recycling shower | Swedish Energy Agency, Rosengard Invest, afjochnickfoundation.nl, Dendera, Niklas Zennstrom |
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2012 | Stockholm | 23.19M | Premium Mobile Ad Network | Kreos Capital, Northzone, Industrifonden |
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2012 | Stockholm | 19M | Platform to read digital magazines | Zouk Capital, Channel 4, Hermes GPE, Aggregate Media |
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2013 | Stockholm | 18.70M | OBD-based device for fleet management & vehicle tracking | Salesforce, SaaStr, Point Nine Capital, Dawn Capital, Niklas Zennstrom |
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2015 | Gothenburg | 17.02M | Online fashion retailer | Northzone, eEquity |
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2014 | Stockholm | 17M | On-demand direct sales force | Salesforce, Northzone, Moor Capital, Eight Roads Ventures |
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2010 | Gothenburg | 15M | Mobile social network for fishers | Seedcamp, Northzone, Industrifonden, GP Bullhound, Recruit Strategic Partners, Active Venture Partners, Almi, Edastra, Recruit Holdings, Maiden Lane, FJ Labs, Industrifonden |
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2012 | Stockholm | 14.80M | Personal finance management application | Sunstone, SEB, ABN AMRO Bank, Creades |
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2011 | Stockholm | 14.10M | Regenerative 3D printed orthopedic implants for craniofacial bone defects and trauma | SEB, Almi, Fouriertransform, Karolinska Development |
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2013 | Stockholm | 12M | Communications API provider | Index Ventures, Balderton Capital |
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2012 | Linkoping | 11.61M | Camera and app for searchable and shareable photographic memory. | Khosla Ventures, True Ventures, Creandum, Passion Capital, Faber Ventures, LDV Capital |
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2012 | Stockholm | 11.25M | Fluid control and management for a broad range of brain pathologies, CNS therapeutic applications and procedures | Invest Stockholm, Serendipity Innovations |
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2010 | Linkoping | 11.10M | Quantified MRI for R&D, Clinical and Big Data applications | Industrifonden, Pfizer, Novo A/S, Industrifonden |
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2013 | Stockholm | 10M | Multi-Currency matching platform | Northzone, White Star Capital, SparkLabs Global Ventures, Isomer Capital |
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2012 | Stockholm | 5M | Crowdsourced wi-fi hotspot network provider | Balderton Capital, Creandum, Swisscom, GP Bullhound, Moor Capital, Draper Associates |
Happy Sweden National Day!