Startup Insight

Unicorn Startups in Sweden

May 20, 2024 | By Startup Rise EU

Within the Netherlands' pool of 2,045 startups, there are 9 unicorns. Let's explore the success stories of the Netherlands' unicorn companies

Sweden’s startup scene is best represented in Fintech, Hardware & IoT, and in Social & and Leisure. Sweden has moreover 1638 startup which includes 6 Unicorns.

SUMMARY

  • Sweden’s startup scene is best represented in Fintech, Hardware & IoT, and in Social & and Leisure.
  • Sweden has moreover 1638 startup which includes 6 Unicorns.
  • Top 6 unicorn startup such as: KLARNA, KRY, Epidemic Sound, Einride, Polarium, Voi,

KLARNA

Founded in 2005 by Niklas Adalberth, Sebastian Siemiatkowski, and Victor Jacobsson, Klarna is headquartered in Stockholm, Sweden. Their goal is to simplify online shopping by offering easy, secure and seamless payment experiences to consumers.

Klarna serves as the top worldwide payments and shopping service, delivering smarter and more adaptable shopping experiences for consumers across 45 countries. They provide direct payments, pay after delivery choices and installment plans, all in a streamlined one-click purchasing process and allows consumers to pay according to their preferences.

KRY

Established in 2014 by Fredrik Jung Abbou, Joachim Hedenius, Johannes Schildt, and Josefin Landgård, KRY operates from Stockholm, Sweden. It focuses on Healthtech and Healthcare.

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It operates an online platform providing various healthcare services accessible to patients through their app. These services include chat and video consultations with doctors, prescription renewals, issuing certificates, patient referrals for further care, home testing, a directory of healthcare centers and many more services through their platform.

Epidemic Sound

Established in 2009 by David Stenmarck, Hjalmar Winbladh, Jan Zachrisson, Oscar Höglund, and Peer Åström, Epidemic Sound is headquartered in Stockholm, Sweden. It operates in the Social & Leisure and Entertainment sectors. They specialise in providing royalty-free music for various media productions including films, TV shows and YouTube videos.

Their subscription-based, cloud-hosted library offers a diverse catalogue of music tracks across different genres. Visual content creators can utilise these soundtracks with full rights, including permission to use them on all platforms in any country for an unlimited duration without the need for reporting, which provides users with a convenient and legally safe solution for adding music to digital content.

Einride

Founded in 2016 by Filip Lilja, Linnea Kornehed, and Robert Falck, Einride operates out of Stockholm, Sweden. It specialises in Transportation and Automotive. The company manufactures road transport vehicles with a focus on providing advanced transportation services.

Their vehicles utilise autonomous, all-electric technology and are coordinated by intelligent routing software that integrates customer and traffic data to optimise delivery time, battery life and energy consumption. Additionally, these vehicles can be remotely controlled by drivers. Einride's offerings aim to provide users with emission-free, safe, cost-effective and sustainable freight mobility solutions.

Polarium

Established in 2015 by Stefan Jansson, Polarium is located in Stockholm, Sweden. Polarium specialises in Energy & Environment and Cleantech. The company manufactures smart lithium batteries designed to address power backup challenges in the telecom, commercial and industrial sectors.

Their lithium power backup batteries cater to both replacement and new macro and small-cell sites, providing clients with access to efficient energy storage solutions.

Voi

Established in 2018 by Adam Jafer, Douglas Stark, Filip Lindvall, Fredrik Hjelm, Johan Pietilä Holmner, and Keith Richman, Voi is headquartered in Stockholm, Sweden, focusing on Transportation and Automotive.

The company operates an app-based platform that offers electric kick-scooter rental services. Through their mobile app users can easily locate and rent electric kick scooters nearby. These scooters can be unlocked using a QR code and users can park them at any designated location after use.

CONCLUSION

Sweden's startup ecosystem is flourishing, the government is introducing programs and initiatives aimed at fostering the growth of emerging businesses. Investors are attracted to Sweden's adaptability to new technologies and ideas, solidifying its reputation as one of the world’s most innovative nations.

With its innovative and accessible infrastructure, Sweden is effectively addressing obstacles to launching a thriving startup ecosystem. Entrepreneurs find Sweden an ideal destination to validate their concepts, scale their ventures and tap into global markets.

Which are the top 6 unicorn startup in Sweden?

KLARNA, KRY, Epidemic Sound, Einride, Polarium, Voi, are the top 6 unicorn startup in Sweden.

Who is the founder of Epidemic Sound?

Epidemic sound was founded by David Stenmarck, Hjalmar Winbladh, Jan Zachrisson, Oscar Höglund, and Peer Åström.

When KLARNA was founded?

KLARNA was founded in 2005.

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