Swedish tech companies offer innovative solutions across key sectors such as hard tech, healthcare, sustainability, climate tech, and e-commerce. Startups in these industries are developing AI-powered decision platforms, clean energy solutions, and more. Additionally, biotech solutions like portable waste treatment plants offer sustainable methods for environmental pollutant remediation. Supported by major investors like Antler, Almi Invest, and Chalmers Ventures, these tech companies & startups in Sweden solve critical industry challenges and open doors for strategic partnerships, accelerating growth and innovation across the ecosystem.
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10 Top Swedish Tech Companies
- DEMA – eCommerce Profit Analytics
- Aira – Sustainable Heat Pumps
- MycoMine – Bioremediation-as-a-Service
- AmbiCare – Visual Noise Canceling
- NOBON – Climate Finance Platform
- Improvin’ – Emissions Tracking for Farmers
- Capture Energy – Battery Energy Storage
- LexEnergy – Fast Charging for Electric Vehicles (EVs)
- VestiTech – Asset Tracking
- SustainLab – Sustainability Reporting Software
Selection Process for the 10 Swedish Startups
The data in this report comes from StartUs Insights’ Discovery Platform, covering 4.7 million startups, scaleups, and tech companies globally. We applied filters such as location, founding year, technology readiness, and employee count, narrowing the results down to 1400+ emerging tech companies in Sweden. From these companies, we selected 10 standout startups using funding information and a proprietary popularity metric called Signal Strength. Signal Strength measures the extent of a company’s influence within the global innovation ecosystem. Let’s dive in!
1. DEMA
- Founding Year: 2022
- Industry: E-commerce
- Technology: eCommerce Profit Analytics
DEMA provides an AI-powered decision platform for e-commerce businesses. It consolidates data from various sources, including marketing, inventory, and customer behavior, into a unified dashboard. The platform tracks and analyzes key performance indicators (KPIs) like sales, profit, and customer lifetime value and predicts future sales and inventory needs. This enables businesses to optimize marketing spend. DEMA enhances decision-making processes to drive sustainable growth and profitability for e-commerce companies.
2. Aira
- Founding Year: 2022
- Industry: Utilities
- Technology: Sustainable Heat Pumps
Aira offers heat pumps, solar panels, and battery storage for residential settings. The company’s air source heat pumps (ASHP) leverage the thermodynamic properties of refrigerants to extract heat from the ambient air, even in cold climates. This technology enables a closed-loop system that cycles a refrigerant between the condenser and evaporator. The company also integrates photovoltaic (PV) panels with its heat pumps to operate using renewable energy. The solar energy is captured and either used directly or stored in battery systems for peak hours or when solar generation is low. These solutions reduce energy bills and CO₂ emissions while making the transition to clean energy accessible to consumers.
3. MycoMine
- Founding Year: 2021
- Industry: Waste Management, Smart Cities
- Technology: Bioremediation-as-a-Service
MycoMine provides MycoCube, a portable treatment plant that uses fungi to decompose and extract pollutants like hydrocarbons and heavy metals from contaminated sites. This closed-loop system breaks down pollutants and converts them into non-toxic biomass for uses like compost or sustainable building materials. This modular and scalable solution enables on-site waste treatment and minimizes the need for transportation. MycoCube is adaptable to various environmental conditions and treats water and soil contamination, offering a sustainable, cost-efficient alternative to conventional pollution treatment methods.
4. AmbiCare
- Founding Year: 2019
- Industry: Healthcare & Wellness
- Technology: Visual Noise Canceling
AmbiCare provides QuietFrames, a pair of glasses to reduce visual noise and enhance focus in open offices, schools, and public spaces. It filters out unnecessary visual stimuli for the brain process fewer distractions, which leads to improved concentration and reduced stress. QuietFrames include a unique upper-edge shielding feature that minimizes glare from overhead lighting and provides a calming effect for those sensitive to bright environments. The glasses are also customizable with prescription lenses. AmbiCare’s visual noise-canceling glasses improve well-being and productivity in visually cluttered surroundings.
5. NOBON
- Founding Year: 2020
- Industry: Fintech
- Technology: Climate Finance Platform
NOBON develops a climate finance platform that streamlines the lifecycle of carbon credit projects. The platform enables carbon project developers to manage their projects by providing tools for pre-financing, de-risking with pre-feasibility sign-offs, and connecting with investors. It optimizes the financing process and simplifies the setup of investment vehicles and distribution of carbon credits. The platform supports the development of high-quality carbon projects with significant social and environmental impacts, facilitating the global transition to a net-zero economy.
6. Improvin’
- Founding Year: 2022
- Industry: Agriculture
- Technology: Emissions Tracking for Farmers
Improvin’ provides a sustainability operating system for agri-food companies to measure, report, and reduce greenhouse gas emissions and biodiversity. The system integrates remote sensing, machine learning, and primary data from farmers to deliver granular, climate-compliant Scope 3 data at scale. This allows businesses to streamline sustainability reporting, connect existing data streams via application programming interface (API) integrations, and ensure verified environmental reporting. Improvin’ eases the transition to sustainable agriculture while making food production environmentally positive and profitable.
7. Capture Energy
- Founding Year: 2023
- Industry: Cross-Industry
- Technology: Battery Energy Storage
Capture Energy offers energy storage solutions through its product, BESS PowerBox. It utilizes lithium-ion battery technology and a control system. BESS PowerBox integrates with power and frequency meters, cloud connectivity, and aggregator services. This modular system is built for flexibility services like fast frequency reserve (FFR) and frequency containment reserve (FCR-D) for quick deployment and adaptability in industrial environments. Its key benefits include rapid commissioning, operational reliability, and scalable design. Capture Energy’s solution thus enables businesses and industries to efficiently manage their energy usage while supporting a transition towards renewable energy.
8. LexEnergy
- Founding Year: 2021
- Industry: Automotive, Mobility
- Technology: Fast Charging for Electric Vehicles
LexEnergy develops LexHub, a fast charging solution for electric vehicles. It leverages power management algorithms and proprietary hardware to deliver high-speed charging without overloading existing infrastructure. The system is scalable, modular, and integrates easily into urban environments. LexEnergy offers a sustainable and efficient energy solution that supports electric mobility.
9. VestiTech
- Founding Year: 2020
- Industry: Cross-Industry
- Technology: Asset Tracking
VestiTech offers track-and-trace solutions that cater to various industries. The company’s end-to-end system includes gateways, sensors, and a platform for managing, analyzing, and presenting sensor data. VestiTech’s technology enables precise monitoring and tracking of assets, inventory, and other critical parameters as well as provides real-time insights that enhance operational efficiency. The company benefits businesses by optimizing logistics and inventory management, driving better decision-making, and reducing operational costs.
10. SustainLab
- Founding Year: 2020
- Industry: Cross-Industry
- Technology: Sustainability Reporting Software
SustainLab builds a sustainability management platform that automates the collection, processing, and visualization of sustainability data. The platform combines AI and machine learning to streamline data management, reduce manual efforts, and improve the accuracy and transparency of sustainability reporting. It features dynamic dashboards, data traceability, and compliance with legal requirements. SustainLab’s solution accelerates companies’ sustainability efforts by providing real-time, actionable insights.
Explore the Swedish Startup Ecosystem
The Swedish startup ecosystem consisting of 1400+ companies with an average of 33 employees, is a dynamic environment for innovation and collaboration. Its focus on hard tech, healthcare, sustainability, climate tech, and e-commerce industries reflects Sweden’s commitment to both technological advancement and sustainable growth.
Key investors such as Antler, Almi Invest, Chalmers Ventures, KTH Royal Institute of Technology, and Propel Capital provide Early-Stage VC, Seed, Accelerator/Incubator, and Pre-Seed funding, offering crucial mentorship and accelerator support. This balanced ecosystem creates opportunities for both startups and corporates to engage in mutually beneficial partnerships, leveraging expertise, resources, and market access to drive innovation and growth in these critical sectors.
This is just the tip of the iceberg. For personalized insights into the local or global startup ecosystem, depending on your needs, get in touch with us. We can provide tailored information and analysis to help you navigate the vibrant startup landscape.
