Europe
Sweden AI startups & tech ecosystem (2026)
Nordic AI and enterprise software. Sweden is home to 111 AI & tech startups, 32 investors, and 5 tracked founders and operators, with the largest hub in Stockholm. Total tracked funding to date: $72.6B.
Across 16 cities, the largest startup hubs are Stockholm (78 startups, $61.2B raised), Gothenburg (10 startups, $629.3M raised), and Malmö (6 startups, $435.8M raised). The most active sectors are SaaS, Artificial Intelligence, HealthTech, Sustainability, and Generative AI.
Top Sweden startups by total score include Ericsson, Volvo, Mojang Studios, Spotify, and Lovable — browse the full ranked list below or jump straight into search.
- 1Ericsson85Stockholm$35.8B
- 2Volvo85Gothenburg
- 3Mojang Studios78Stockholm
- 4Spotify77Stockholm$2.0B
- 5Lovable75Stockholm$880.2M
- 6Stegra70Boden$8.2B
- 7Tink67Stockholm$299.0M
- 8Kry67Stockholm$360.0M
- 9Flightradar2465Stockholm$5.2M
- 10Yubico63Stockholm$100.0M
- 11FossID62Stockholm$63.0M
- 12Truecaller62Stockholm$80.1M
- 13Sinch62Stockholm$2.0B
- 14inriver61Malmö$42.0M
- 15Moleculent61Stockholm$46.0M
- 16Norrsken60Stockholm$63.0M
- 17Klarna59Stockholm$9.4B
- 18Readly59Växjö$42.8M
- 19Einride58Stockholm$665.4M
- 20Mentimeter58Stockholm$63.0M
- 21H2 Green Steel58Stockholm$6.3B
- 22Legora57Stockholm$960.5M
- 23Backstage57Stockholm$63.0M
- 24AlixLabs55Lund$35.0M
- 25Northvolt55Stockholm
- 26Mavenoid55Stockholm$45.9M
- 27Min Doktor55Malmö$66.1M
- 28Flow Neuroscience55Malmö$21.5M
- 29Teneo.ai55Stockholm$14.5M
- 30Detectify54Stockholm
- 31Dinero54Stockholm$1.2M
- 32Pit54Stockholm$10.0M
- 33DbVis Software54Linköping$5.8M
- 34Strawberry54Stockholm$6.0M
- 35Lifesum54Stockholm$21.8M
- 36Renasens54Stockholm$10.0M
- 37Hubexo53Ljusdal$410.0M
- 38Oatly53Malmö$301.4M
- 39Voi Technology53Stockholm$63.0M
- 40Acast53Stockholm$63.0M
| # | Company | City | Funding | Score |
|---|---|---|---|---|
| 1 | Ericsson Swedish multinational networking and telecommunications company providing infrastructure, software, and services. | Stockholm | $35.8B | 85 |
| 2 | Volvo A global leader in transportation and infrastructure solutions. | Gothenburg | — | 85 |
| 3 | Mojang Studios Developer of Minecraft and its spin-off games. | Stockholm | — | 78 |
| 4 | Spotify A global audio streaming and media services provider. | Stockholm | $2.0B | 77 |
| 5 | Lovable Lovable is a platform that allows users to build apps and websites by chatting with AI. | Stockholm | $880.2M | 75 |
| 6 | Stegra Green-tech startup building the world's largest green-steel plant. | Boden | $8.2B | 70 |
| 7 | Tink European open banking platform enabling financial data access, payments, and financial service development. | Stockholm | $299.0M | 67 |
| 8 | Kry A digital healthcare provider offering remote consultations and prescriptions. | Stockholm | $360.0M | 67 |
| 9 | Flightradar24 Global flight tracking service providing real-time aircraft data and historical flight information. | Stockholm | $5.2M | 65 |
| 10 | Yubico The leading provider of hardware security keys. | Stockholm | $100.0M | 63 |
| 11 | FossID Software supply chain solutions company. | Stockholm | $63.0M | 62 |
| 12 | Truecaller Global platform for caller identification, spam blocking, and secure communication for mobile users. | Stockholm | $80.1M | 62 |
| 13 | Sinch Global CPaaS provider enabling businesses to communicate with customers via messaging, voice, and video. | Stockholm | $2.0B | 62 |
| 14 | inriver inriver provides a cloud-based Product Information Management (PIM) solution for businesses to manage, enrich, and distribute product data. | Malmö | $42.0M | 61 |
| 15 | Moleculent Mapping cell-cell communication at scale in human tissue. | Stockholm | $46.0M | 61 |
| 16 | Norrsken Driving Europe's transition to an 'electro-continent' through investment and advocacy. | Stockholm | $63.0M | 60 |
| 17 | Klarna | Stockholm | $9.4B | 59 |
| 18 | Readly A digital subscription service offering unlimited access to a wide range of magazines and newspapers. | Växjö | $42.8M | 59 |
| 19 | Einride Einride develops and deploys autonomous electric freight transport solutions. | Stockholm | $665.4M | 58 |
| 20 | Mentimeter Create interactive presentations and engage your audience in real-time. | Stockholm | $63.0M | 58 |
| 21 | H2 Green Steel Decarbonizing steel production with green hydrogen. | Stockholm | $6.3B | 58 |
| 22 | Legora AI-powered collaborative workspace for exceptional lawyers to streamline legal tasks. | Stockholm | $960.5M | 57 |
| 23 | Backstage An open-source developer portal for building and managing software. | Stockholm | $63.0M | 57 |
| 24 | AlixLabs Semiconductor startup specializing in Atomic Layer Etching (ALE) technology. | Lund | $35.0M | 55 |
| 25 | Northvolt A European battery manufacturer aiming to produce sustainable, high-quality lithium-ion batteries. | Stockholm | — | 55 |
| 26 | Mavenoid Mavenoid provides an AI-powered platform for customer support, enabling companies to offer automated troubleshooting and assistance. | Stockholm | $45.9M | 55 |
| 27 | Min Doktor Online healthcare and vaccination services accessible via mobile for a wide range of medical needs. | Malmö | $66.1M | 55 |
| 28 | Flow Neuroscience Develops a medically approved brain stimulation headset and therapy app for treating depression at home. | Malmö | $21.5M | 55 |
| 29 | Teneo.ai Enterprise-grade conversational AI platform for building intelligent virtual assistants and contact center automation. | Stockholm | $14.5M | 55 |
| 30 | Detectify Application security testing platform | Stockholm | — | 54 |
| 31 | Dinero A financial management platform for freelancers and small businesses. | Stockholm | $1.2M | 54 |
| 32 | Pit An AI-native platform that replaces the patchwork of spreadsheets, inboxes, and rigid SaaS tools used in enterprise operations. | Stockholm | $10.0M | 54 |
| 33 | DbVis Software DbVis Software provides database management tools. | Linköping | $5.8M | 54 |
| 34 | Strawberry AI-powered agentic browser that automates web tasks for knowledge workers. | Stockholm | $6.0M | 54 |
| 35 | Lifesum A global nutrition platform empowering users to live healthier lives through personalized eating and wellness insights. | Stockholm | $21.8M | 54 |
| 36 | Renasens Deeptech textile recycling company enabling fibre-to-fibre recycling at scale. | Stockholm | $10.0M | 54 |
| 37 | Hubexo Construction data and business intelligence platform serving 50,000+ customers across 25 countries. | Ljusdal | $410.0M | 53 |
| 38 | Oatly Oatly is a Swedish food company that produces oat-based dairy alternatives, including oat milk. | Malmö | $301.4M | 53 |
| 39 | Voi Technology Voi is a Swedish micro-mobility company that offers electric scooters and bikes for rent. | Stockholm | $63.0M | 53 |
| 40 | Acast The podcast platform for creators and advertisers. | Stockholm | $63.0M | 53 |
Frequently asked questions about Sweden startups
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Sweden AI startup ecosystem — frequently asked
How many AI startups are in Sweden?
StartupHub.ai tracks 111 startups headquartered in Sweden, with $72.6B in total tracked funding across 16 cities.
What are the top startup cities in Sweden?
The top startup cities in Sweden are Stockholm (78 startups), Gothenburg (10 startups), Malmö (6 startups), Unknown (3 startups), Lund (2 startups).
Which sectors are Sweden startups focused on?
The most common sectors for Sweden startups are SaaS, Artificial Intelligence, HealthTech, Sustainability, Generative AI.
How many investors are active in Sweden?
There are 32 investors tracked in Sweden on StartupHub.ai — venture capital firms, angel investors, corporate investors, and family offices. Browse all Sweden investors.
How is Sweden startup data sourced?
Every Sweden profile on StartupHub.ai is built from structured HQ-country fields, public registry data (Companies House, SEC, INSEE, OrgBook, etc.), founder LinkedIn signals, and verified company websites. Profiles are refreshed continuously as new funding rounds and team changes are detected. More on our methodology.
What is the total startup funding in Sweden?
Startups headquartered in Sweden have raised a total of $72.6B in tracked funding on StartupHub.ai.