List of Swedish startups to follow in 2020

Sifted created a selection of the most promising tech startups across Europe, based on the amount of capital they raised, their hiring tempo and how formative they have been to the startup ecosystems around them. AIN.TECH publishes the list of Swedish companies to watch in 2020.

  1. Klarna

Founded: In 2005 by Niklas Adalberth, Sebastian Siemiatkowski, and Victor Jacobsson

Valuation: €9.6B

Led by Sebastian Siemiatkowski, Klarna is one of Europe’s biggest fintech firms that develops merchants and shoppers eCommerce payment solutions platform. It offers interest-free financing on retail purchases over a period of instalments on the base of its “buy now, pay later” model. 

  1. Kry

Founded: In 2015 by Fredrik Jung Abbou, Joachim Hedenius, Johannes Schildt, and Josefin Landgård

Valuation: €560-840M

Kry allows patients to consult a qualified health professional within minutes, via their smartphones or tablets. The company operates in Sweden, Norway, Germany as Kry, as well as in the UK and France under the name LIVI. Since the company was founded it has completed more than 1.4 million patient meetings.

  1. Voi Technology
Voi Technology-1

Founded: In 2018 by Adam Jafer, Douglas Stark, Fredrik Hjelm, and Keith Richman

Valuation: €386M

Voi Technology is a micro-mobility company that owns, operates, and manages electric scooters for urban commuters in 12 countries and 47 cities across Europe. According to the company, over 4 million people has already joined the “Voi scooter troopers” community since 2018.

  1. Northvolt

Founded: In 2016 by Paolo Cerruti and Peter Carlsson

Valuation: €1.6B

Northvolt develops sustainable lithium-ion batteries manufactured with minimal carbon footprint and with recycling technology without compromising with important eco-systems, enabling the auto industry to replace fossil fuels with electricity.

  1. Tink

Founded: In 2012 by Daniel Kjellén and Fredrik Hedberg

Valuation: €415M

Tink develops a cloud-based open banking platform that provides the infrastructure and value-adding data products, such as account aggregation, payment initiation, data enrichment and personal finance management that can be used to develop standalone services or be integrated into existing banking applications. 

  1. Natural Cycles
Natural Cycles-1

Founded: In 2013 by Elina Berglund, Elina Berglund Scherwitzl, and Raoul Scherwitzl

Valuation: €109-164M

Natural Cycles offers the only certified contraceptive app in Europe. It relies on the basal body temperature and other individual relevant data like levels of luteinizing hormone to algorithmically calculate the probability of the women being fertile on each day in their cycle.

  1. Mapillary

Founded: In 2013 by Jan Erik Solem, Johan Gyllenspetz, Peter Neubauer, and Yubin Kuang

Valuation: €55-€82M

Mapillary is the street-level imagery platform that scales and automates mapping using collaboration, cameras, and computer vision. Images from any camera are combined into a visualization of the world that generates map data for improving maps, developing cities, and progressing the automotive industry.