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1. TRACXN TOP BUSINESS MODELS REPORT
July 29, 2021
SWEDEN TECH

2. Sweden Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
SwedenSweden Tech Funding -
Overview
3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Sweden Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Funding in last 1 year
3
Energy Storage Tech $3.4B
Alternative Lending $2.5B
Electric Vehicles $877M
Music Tech $454M
Healthcare Booking Platforms $413M
Logistics Tech $285M
Y-o-Y Funding
Top Investors by Funding
Rounds
Seed
Stage
Almi Invest
Antler
Luminar Ventures
11
8
6
Early
Stage
EQT Ventures
Industrifonden
Inventure
8
8
5
Late
Stage
Creandum
Sequoia Capital
Silver Lake
4
3
3
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Northvolt
(2015, Stockholm)
$2.8B - Series D
Klarna
(2005, Stockholm)
$1.0B - Series H
Klarna
(2005, Stockholm)
$650M - Series
G
Klarna
(2005, Stockholm)
$639M - Series
H
Northvolt
(2015, Stockholm)
$600M - Series
C
Polestar
(1996, Gothenburg)
$550M - Series
D
Epidemic Sound
(2009, Stockholm)
$450M - Series
D
KRY
(2014, Stockholm)
$317M - Series
D
Lendify Sweden
(2014, Stockholm)
$115M - Series
D
Einride
(2016, Stockholm)
$110M - Series
B
Voi
(2018, Stockholm)
$107M - Series
C
Tink
(2012, Stockholm)
$103M - Series
D
Stockholm (87%)
Gothenburg (9%)
Bromma (1%)
Malmo (1%)
Sodertalje (1%)
Others (2%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Sweden Tech - Top Funded Business Models - last 1
year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲33 Lithium Ion Batteries $3.4B 2 Northvolt | $2.8B | Series D Link
2▼1 Internet First Point of Sale Financing $2.3B 6 Klarna | $1.0B | Series H Link
3▼1 Retail Stores Shopper Purchase Financing $2.3B 6 Klarna | $1.0B | Series H Link
4-- Electric Car Manufacturers $550M 1 Polestar | $550M | Series D Link
5▲39 Music Licensing Marketplace $450M 1 Epidemic Sound | $450M | Series D Link
6▼3 Web Based Platform for Doctor Consultation $413M 3 KRY | $317M | Series D Link
7<> 0 Open Banking API Providers $151M 2 Tink | $103M | Series D Link
8▲3 Autonomous Truck Manufacturers $120M 2 Einride | $110M | Series B Link
9▲3 Self Driving Trucks $120M 2 Einride | $110M | Series B Link
10▲3 Self-Driving Ecommerce Delivery Vehicles $120M 2 Einride | $110M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Sweden Tech - Top Funded Business Models - last 1
year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Internet First P2P Personal Loans $115M 1 Lendify Sweden | $115M | Series D Link
12▼7 Free Float Electric Kick Scooters Rentals $107M 1 Voi | $107M | Series C Link
13▼7 Free Float E-Kick Scooter Rentals $107M 1 Voi | $107M | Series C Link
14▲4 Smart Lockers $90.0M 1 Instabox | $90.0M | Series B Link
15-- Home Energy Management System $65.0M 1 Tibber | $65.0M | Series B Link
16▲8 Last Mile Ecommerce Delivery $63.3M 1 Budbee | $63.3M | Series C Link
17-- Real Money eSports Gaming Platforms $62.7M 2 G-Loot | $56.1M | Series C Link
18-- Drugs for Multiple Cancer Types $62.1M 3 Anocca | $47.0M | Series B Link
19-- Online Fashion Retailer $47.9M 2 NA-KD | $47.9M | Series C Link
20▼3
Online B2C Packaged Surplus Food Products
Delivery
$40.9M 1 Matsmart | $40.9M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Sweden Tech - Top Funded Business Models - last 1
year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▼5 Pet Telemedicine Platforms $35.6M 1 FirstVet | $35.6M | Series C Link
22-- Electric Aircraft $35.0M 1 Heart Aerosp.. | $35.0M | Series A Link
23-- Electric Aircraft Manufacturers $35.0M 1 Heart Aerosp.. | $35.0M | Series A Link
24-- Online Catalogue Management $32.0M 1 inRiver | $32.0M | Series C Link
25--
B2B E-Commerce > Technology Enablers >
Operations Management > Catalog
Management
$32.0M 1 inRiver | $32.0M | Series C Link
26-- Online Fishing and Hunting Communities $31.0M 1 FishBrain | $31.0M | Series C Link
27▲3 Internet First Business Loans Marketplace $30.0M 1 Northmill | $30.0M | Series B Link
28-- Wealth Data Aggregation Platforms $30.0M 1 Northmill | $30.0M | Series B Link
29-- Virtual Reality Studios $29.0M 2 Resolution G.. | $25.0M | Series C Link
30-- PC and Console Casual VR Game Developers $29.0M 2 Resolution G.. | $25.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Sweden Tech - Top Funded Business Models - last 1
year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Retail POS Solutions $26.5M 1 Yabie | $26.5M | Series B Link
32-- Mobile Casual VR Game Developers $25.0M 1 Resolution G.. | $25.0M | Series C Link
33-- Cyber Risk Assessment $23.8M 1 Outpost24 | $23.8M | Series B Link
34-- IoT Security for Networks $23.8M 1 Outpost24 | $23.8M | Series B Link
35-- Digital Therapeutics for Physiotherapy $23.0M 1 Joint Academy | $23.0M | Series B Link
36-- Inflammatory Diseases Drugs $21.7M 1
Gesynta Pharma | $21.7M | Series
B
Link
37-- Electric Truck Manufacturers $20.0M 3 Einride | $110M | Series B Link
38-- Online Courses for Schools $20.0M 1 Kognity | $20.0M | Series B Link
39-- P2P Wallet Remittance $19.0M 1 MAJORITY | $19.0M | Seed Link
40-- Personal Finance Management Solutions $18.9M 1 Minna Techno.. | $18.9M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Sweden Tech - Top Funded Business Models - last 1
year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41--
Language Learning > IT Solutions >
Pronunciation Feedback
$18.0M 1 Sanalabs | $18.0M | Series A Link
42▼11 Electric Ship Manufacturers $17.8M 1 X Shore | $17.8M | Series A Link
43-- Employee Engagement Platforms $17.8M 1 Winningtemp | $17.8M | Series B Link
44▼7 3D Audio Technology $17.7M 1 Dirac | $17.7M | Series B Link
45-- Beauty Products Subscription Platforms $17.7M 1 Estrid | $17.7M | Series B Link
46-- Women Hair Removal Cream Brand $17.7M 1 Estrid | $17.7M | Series B Link
47--
Internet First Hair Removal Appliances
Subscription Brands
$17.7M 1 Estrid | $17.7M | Series B Link
48▲54 Online Gaming Platforms $17.2M 3 Hiber | $15.0M | Series A Link
49--
Healthcare IT > Provider > Hospital Information
Systems > Patient Portal > Pre-admissions
$15.4M 1 Doctrin AB | $15.4M | Series B Link
50-- Four Wheeler EV Plug In Charger $15.3M 1 Charge Amps | $15.3M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Lithium Ion Batteries - Sweden
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$3.4B (▲ >10K%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$4.4B
1
-
2
1
Energy Storage Tech (SaltX Technology)
(# Cos: 59 | $4.6B)
Battery (Altris)
(# Cos: 12 | $4.4B)
Secondary Battery (Celltech)
(# Cos: 3 | $4.4B)
Lithium Ion (Northvolt)
(# Cos: 2 | $4.4B)
Northvolt
(2015, Stockholm, $4.4B)
Celltech
(1984, Kista)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Northvolt (2015, Stockholm)
$2.8B - Series D - Jun 2021
Northvolt (2015, Stockholm)
$600M - Series C - Sep 2020

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Internet First Point of Sale
Financing - Sweden
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$2.3B (▲250%)
6 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$3.3B
1
-
4
1
Alternative Lending (Northmill)
(# Cos: 72 | $3.5B)
Online Lenders (Capcito)
(# Cos: 47 | $3.5B)
Consumer Loans (Anyfin)
(# Cos: 25 | $3.5B)
Point of Sale Financing (Paylevo)
(# Cos: 6 | $3.3B)
Direct Lender (Klarna)
(# Cos: 4 | $3.3B)
Klarna
(2005, Stockholm, $3.3B)
Paylevo
(2015, Stockholm)
Hygglig
(2014, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Klarna (2005, Stockholm)
$1.0B - Series H - Mar 2021
Klarna (2005, Stockholm)
$650M - Series G - Sep 2020
Klarna (2005, Stockholm)
$639M - Series H - Jun 2021
Klarna (2005, Stockholm)
$14.5M - Series H - Mar 2021
Klarna (2005, Stockholm)
$6.0M - Series H - May 2021
Klarna (2005, Stockholm)
Undisclosed - Series G - Oct 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Klarna (2005, Stockholm)
$1.0B - Series H - Mar 2021
Klarna (2005, Stockholm)
$650M - Series G - Sep 2020
Klarna (2005, Stockholm)
$639M - Series H - Jun 2021
Klarna (2005, Stockholm)
$14.5M - Series H - Mar 2021
Klarna (2005, Stockholm)
$6.0M - Series H - May 2021
Klarna (2005, Stockholm)
Undisclosed - Series G - Oct 2020
Retail Stores Shopper Purchase
Financing - Sweden
03
11
Back to index
In Store Retail Tech (Modcam)
(# Cos: 38 | $3.3B)
Payments (ITAB)
(# Cos: 10 | $3.3B)
Shopper (Klarna)
(# Cos: 1 | $3.3B)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$2.3B (▲250%)
6 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$3.3B
1
-
1
1
Klarna
(2005, Stockholm, $3.3B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Polestar (1996, Gothenburg)
$550M - Series D - Apr 2021
Electric Car Manufacturers -
Sweden
04
12
Back to index
Electric Vehicles (Voi)
(# Cos: 96 | $1.7B)
Automaker (Einride)
(# Cos: 39 | $1.3B)
Cars (NEVS)
(# Cos: 3 | $1.1B)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$550M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$1.1B
3
-
3
0
NEVS
(2012, Trollhattan, $500M)
Uniti
(2016, Lund, $2.6M)
Polestar
(1996, Gothenburg, $550M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Music Licensing Marketplace -
Sweden
05
13
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$450M (▲9900%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$482M
3
-
3
2
Music Tech (Spotify)
(# Cos: 70 | $2.7B)
Music Artist IT (Soundtrap)
(# Cos: 32 | $536M)
Copyrights Management (Tracklib)
(# Cos: 3 | $482M)
Licensing Marketplace
(Epidemic Sound)
(# Cos: 3 | $482M)
Epidemic Sound
(2009, Stockholm, $476M)
Tracklib
(2014, Stockholm, $6.4M)
Zeptagram
(2014, Gothenburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Epidemic Sound (2009, Stockholm)
$450M - Series D - Mar 2021

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Web Based Platform for Doctor
Consultation - Sweden
06
14
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$413M (▲97.6%)
3 (▲50%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$805M
10
-
19
3
Healthcare Booking Platforms (Mindler)
(# Cos: 71 | $828M)
Doctors (Doktor24)
(# Cos: 35 | $814M)
Telemedicine (Doktor.se)
(# Cos: 31 | $814M)
Teleconsultation (Min Doktor)
(# Cos: 30 | $814M)
Diversified (KRY)
(# Cos: 19 | $805M)
KRY
(2014, Stockholm, $571M)
Min Doktor
(2013, Malmo, $76.1M)
Doktor.se
(2016, Stockholm, $157M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
KRY (2014, Stockholm)
$317M - Series D - Apr 2021
Doktor.se (2016, Stockholm)
$61.0M - Series D - May 2021
Doktor.se (2016, Stockholm)
$34.8M - Series D - Jul 2021

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Tink (2012, Stockholm)
$103M - Series D - Dec 2020
Tink (2012, Stockholm)
$47.9M - Series D - Apr 2021
Open Banking API Providers -
Sweden
07
15
Back to index
Banking Tech (Minna Technologies)
(# Cos: 55 | $505M)
Open Banking (Open Payments)
(# Cos: 8 | $364M)
Banking APIs (Tink)
(# Cos: 5 | $359M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$151M (▲51.2%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$359M
1
-
5
0
Tink
(2012, Stockholm, $359M)
Youcal
(2017, Orebro)
Fimento
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Truck Manufacturers -
Sweden
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$120M (▲380%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$160M
1
-
1
1
Electric Vehicles (Voi)
(# Cos: 96 | $1.7B)
Automaker (CAKE)
(# Cos: 39 | $1.3B)
Commercial Vehicles (Velove Bikes)
(# Cos: 9 | $182M)
Trucks (Volta Trucks)
(# Cos: 2 | $180M)
Autonomous (Einride)
(# Cos: 1 | $160M)
Einride
(2016, Stockholm, $160M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Einride (2016, Stockholm)
$110M - Series B - May 2021
Einride (2016, Stockholm)
$10.0M - Series A - Oct 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Einride (2016, Stockholm)
$110M - Series B - May 2021
Einride (2016, Stockholm)
$10.0M - Series A - Oct 2020
Self Driving Trucks - Sweden
09
17
Back to index
Autonomous Vehicles (Imagimob)
(# Cos: 15 | $172M)
Self Driving Technology (Zenuity)
(# Cos: 3 | $160M)
Trucks (Einride)
(# Cos: 1 | $160M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$120M (▲380%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$160M
1
-
1
1
Einride
(2016, Stockholm, $160M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Self-Driving Ecommerce Delivery
Vehicles - Sweden
10
18
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$120M (▲380%)
2 (▲100%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$160M
1
-
1
1
Logistics Tech (Unifaun)
(# Cos: 95 | $421M)
Ecommerce Logistics (Budbee)
(# Cos: 17 | $379M)
Autonomous Delivery (Globhe)
(# Cos: 2 | $160M)
Self-Driving Delivery
Vehicles (Einride)
(# Cos: 1 | $160M)
Einride
(2016, Stockholm, $160M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Einride (2016, Stockholm)
$110M - Series B - May 2021
Einride (2016, Stockholm)
$10.0M - Series A - Oct 2020

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Internet First P2P Personal Loans -
Sweden
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$115M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$117M
2
-
3
0
Alternative Lending (Capcito)
(# Cos: 72 | $3.5B)
Online Lenders (Anyfin)
(# Cos: 47 | $3.5B)
Consumer Loans (Klarna)
(# Cos: 25 | $3.5B)
Personal Loans (Fairlo)
(# Cos: 8 | $118M)
Marketplace (LendLink)
(# Cos: 5 | $117M)
P2P (Lendify Sweden)
(# Cos: 3 | $117M)
Lendify Sweden
(2014, Stockholm, $117M)
LendLink
(2013, Stockholm)
Trustbuddy
(2009, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lendify Sweden (2014, Stockholm)
$115M - Series D - Oct 2020

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooters
Rentals - Sweden
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$107M (▼7%)
1 (▼50%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$304M
1
-
6
1
Road Transport Tech (Icomera)
(# Cos: 102 | $305M)
Self Drive Rentals (M)
(# Cos: 25 | $305M)
Electric Kick Scooters (GLYDE)
(# Cos: 9 | $304M)
Own Fleet (Cangoroo)
(# Cos: 8 | $304M)
Free Float (Voi)
(# Cos: 6 | $304M)
Voi
(2018, Stockholm, $304M)
GLYDE
(2018, Stockholm)
Enjoycity
(2020, Norrkoping)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Voi (2018, Stockholm)
$107M - Series C - Dec 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Free Float E-Kick Scooter Rentals -
Sweden
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$107M (▼7%)
1 (▼50%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$304M
1
-
6
1
Electric Vehicles (Einride)
(# Cos: 96 | $1.7B)
Vehicle as a Service (Bzzt)
(# Cos: 17 | $304M)
Kick Scooters (GLYDE)
(# Cos: 8 | $304M)
Free Float (Voi)
(# Cos: 6 | $304M)
Voi
(2018, Stockholm, $304M)
GLYDE
(2018, Stockholm)
Enjoycity
(2020, Norrkoping)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Voi (2018, Stockholm)
$107M - Series C - Dec 2020

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Smart Lockers - Sweden
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$90.0M (▲492%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$105M
1
-
3
1
Logistics Tech (Einride)
(# Cos: 95 | $421M)
Ecommerce Logistics (Budbee)
(# Cos: 17 | $379M)
Access Point (Qlocx)
(# Cos: 3 | $105M)
Locker (Instabox)
(# Cos: 3 | $105M)
Instabox
(2015, Bromma, $105M)
Qlocx
(2016, Stockholm)
Intelliways
(2018, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Instabox (2015, Bromma)
$90.0M - Series B - Feb 2021

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Home Energy Management System
- Sweden
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$65.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$77.0M
1
-
1
1
Energy Efficiency Tech (Heliospectra)
(# Cos: 62 | $301M)
Energy Management System (Plejd)
(# Cos: 27 | $87.0M)
Building Automation Systems
(Greenbyte)
(# Cos: 11 | $83.9M)
HEMS (Tibber)
(# Cos: 1 | $77.0M)
Tibber
(2016, Stockholm, $77.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tibber (2016, Stockholm)
$65.0M - Series B - Nov 2020

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Budbee (2015, Stockholm)
$63.3M - Series C - Jan 2021
Last Mile Ecommerce Delivery -
Sweden
16
24
Back to index
Logistics Tech (Unifaun)
(# Cos: 95 | $421M)
Ecommerce Logistics (Einride)
(# Cos: 17 | $379M)
Last Mile (Budbee)
(# Cos: 5 | $112M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$63.3M (▲476%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$112M
2
-
5
1
Budbee
(2015, Stockholm, $112M)
Widriksson's Åkeri
(1953, Hagersten)
Gordon Delivery
(2015, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Real Money eSports Gaming
Platforms - Sweden
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$62.7M ( -- )
2 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$106M
2
-
4
1
eSports (DreamHack)
(# Cos: 21 | $122M)
eSports Platforms (Epulze)
(# Cos: 11 | $120M)
Competitive Gaming
(Challengermode)
(# Cos: 10 | $120M)
Real Money Gaming (G-Loot)
(# Cos: 4 | $106M)
G-Loot
(2012, Stockholm, $99.4M)
Epulze
(2015, Orebro, $6.5M)
Sventertainment
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
G-Loot (2012, Stockholm)
$56.1M - Series C - Oct 2020
Epulze (2015, Orebro)
$6.5M - Series A - Apr 2021

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Anocca (2014, Sodertalje)
$47.0M - Series B - Jul 2021
Oblique Therapeu.. (2015,
Gothenburg)
$11.4M - Series A - Nov 2020
Axelar (2003, Solna)
$3.8M - Seed - Nov 2020
Drugs for Multiple Cancer Types -
Sweden
18
26
Back to index
Oncology (SciBase)
(# Cos: 80 | $253M)
Drugs (BioInvent)
(# Cos: 46 | $201M)
Diversified (Alligator Bioscience)
(# Cos: 37 | $201M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$62.1M ( -- )
3 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$201M
30
11
37
0
Alligator Bioscience
(2001, Lund, $10.0M)
BioInvent
(1997, Lund)
Aprea
(2003, Stockholm, $113M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Online Fashion Retailer - Sweden
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$47.9M ( -- )
2 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
3
$168M
6
1
18
1
Fashion Tech (Re:newcell)
(# Cos: 159 | $226M)
B2C Commerce (KidsBrandStore)
(# Cos: 147 | $199M)
Multi Category (Caliroots)
(# Cos: 55 | $176M)
Inventory-led (BRANTU)
(# Cos: 22 | $175M)
Retailer (NA-KD)
(# Cos: 22 | $175M)
Multi-brand (Boozt.com)
(# Cos: 18 | $168M)
Boozt.com
(2006, Malmo, $29.7M)
NA-KD
(2015, Gothenburg, $137M)
BRANTU
(2016, Stockholm, $1.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
NA-KD (2015, Gothenburg)
$47.9M - Series C - Apr 2021
BRANTU (2016, Stockholm)
Undisclosed - Series A - Nov 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Matsmart (2012, Stockholm)
$40.9M - Series D - Mar 2021
Online B2C Packaged Surplus
Food Products Delivery - Sweden
20
28
Back to index
Online Grocery (Northfork)
(# Cos: 51 | $294M)
B2C Ecommerce (MatHem.se)
(# Cos: 31 | $289M)
Packaged Food Products
(Matsmart)
(# Cos: 1 | $80.0M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$40.9M (▲121%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$80.0M
1
-
1
1
Matsmart
(2012, Stockholm, $80.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
FirstVet (2016, Stockholm)
$35.6M - Series C - Nov 2020
Pet Telemedicine Platforms -
Sweden
21
29
Back to index
Pet Tech (Ophena)
(# Cos: 19 | $74.0M)
Service Platforms (Tasspass)
(# Cos: 3 | $71.2M)
Telemedicine (FirstVet)
(# Cos: 1 | $71.2M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$35.6M (▲73.3%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$71.2M
1
-
1
1
FirstVet
(2016, Stockholm, $71.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Aircraft - Sweden
22
30
Back to index
Aerospace Tech (Arcam)
(# Cos: 5 | $37.1M)
Electric Aircraft (Heart Aerospace)
(# Cos: 1 | $37.1M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$35.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$37.1M
1
-
1
0
Heart Aerospace
(2018, Gothenburg, $37.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Heart Aerospace (2018, Gothenburg)
$35.0M - Series A - Jul 2021

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Heart Aerospace (2018, Gothenburg)
$35.0M - Series A - Jul 2021
Electric Aircraft Manufacturers -
Sweden
23
31
Back to index
Electric Vehicles (Voi)
(# Cos: 96 | $1.7B)
Automaker (Einride)
(# Cos: 39 | $1.3B)
Aircraft (Heart Aerospace)
(# Cos: 1 | $37.1M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$35.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$37.1M
1
-
1
0
Heart Aerospace
(2018, Gothenburg, $37.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Online Catalogue Management -
Sweden
24
32
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$32.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$57.4M
1
-
1
1
E-Commerce Enablers (Bambuser)
(# Cos: 87 | $142M)
Operations Management (Detail Online)
(# Cos: 18 | $64.6M)
Product Information Management
(Baetes)
(# Cos: 7 | $58.9M)
Catalogue Management
(inRiver)
(# Cos: 1 | $57.4M)
inRiver
(2007, Malmo, $57.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
inRiver (2007, Malmo)
$32.0M - Series C - Nov 2020

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
B2B E-Commerce > Technology Enablers >
Operations Management > Catalog Management -
Sweden
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$32.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$58.9M
4
-
4
1
B2B E-Commerce (Cramo)
(# Cos: 37 | $73.7M)
Technology Enablers (Looklet)
(# Cos: 13 | $59.7M)
Operations Management (Baetes)
(# Cos: 8 | $58.9M)
Catalog Management (inRiver)
(# Cos: 4 | $58.9M)
inRiver
(2007, Malmo, $57.4M)
Baetes
(2016, Stockholm)
Looklet
(2009, Stockholm, $1.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
inRiver (2007, Malmo)
$32.0M - Series C - Nov 2020

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
FishBrain (2012, Stockholm)
$31.0M - Series C - Mar 2021
Online Fishing and Hunting
Communities - Sweden
26
34
Back to index
Social Platforms (Friendbase)
(# Cos: 78 | $73.8M)
Interest Based (We Don't Have Time)
(# Cos: 27 | $68.8M)
Fishing and Hunting (FishBrain)
(# Cos: 2 | $59.0M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$31.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$59.0M
2
-
2
1
FishBrain
(2012, Stockholm, $58.8M)
TheGreatWild
(2013, Stockholm, $264K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Internet First Business Loans
Marketplace - Sweden
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$30.0M (▲291%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$41.4M
4
-
4
2
Alternative Lending (Anyfin)
(# Cos: 72 | $3.5B)
Online Lenders (Klarna)
(# Cos: 47 | $3.5B)
Business Loans (Qred)
(# Cos: 17 | $43.8M)
Diversified (Northmill)
(# Cos: 6 | $41.4M)
Marketplace (Capcito)
(# Cos: 4 | $41.4M)
Capcito
(2014, Stockholm, $11.4M)
Northmill
(2006, Kista, $30.0M)
Creditive
(2017, Lund)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Northmill (2006, Kista)
$30.0M - Series B - Feb 2021

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Northmill (2006, Kista)
$30.0M - Series B - Feb 2021
Wealth Data Aggregation Platforms
- Sweden
28
36
Back to index
Investment Tech (Itiviti)
(# Cos: 107 | $111M)
Wealth Management Platforms (Dreams)
(# Cos: 29 | $72.5M)
Wealth Data Aggregation (Northmill)
(# Cos: 3 | $30.0M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$30.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$30.0M
1
-
3
1
Northmill
(2006, Kista, $30.0M)
Alpcot
(2006, Stockholm)
Wealth Predictor
(2018, Johanneshov)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Virtual Reality Studios - Sweden
29
37
Back to index
Virtual Reality (Dirac)
(# Cos: 56 | $109M)
Studios (Resolution Games)
(# Cos: 11 | $46.6M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$29.0M ( -- )
2 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
2
$46.6M
6
-
11
2
Resolution Games
(2015, Stockholm, $38.5M)
Fast Travel Games
(2016, Stockholm, $6.1M)
Tarsier
(2011, Malmo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Resolution Games (2015, Stockholm)
$25.0M - Series C - Jul 2021
Fast Travel Games (2016,
Stockholm)
$4.0M - Series B - Jul 2021

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
PC and Console Casual VR Game
Developers - Sweden
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$29.0M ( -- )
2 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$44.6M
2
-
3
2
PC & Console Gaming (Star Stable)
(# Cos: 101 | $258M)
Game Developers (Stillfront)
(# Cos: 95 | $240M)
PC & Console Games (Starbreeze)
(# Cos: 82 | $228M)
Casual Games (Paradox Interactive)
(# Cos: 44 | $119M)
VR Games (Resolution Games)
(# Cos: 3 | $44.6M)
Resolution Games
(2015, Stockholm, $38.5M)
Fast Travel Games
(2016, Stockholm, $6.1M)
Reel In
(2019, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Resolution Games (2015, Stockholm)
$25.0M - Series C - Jul 2021
Fast Travel Games (2016,
Stockholm)
$4.0M - Series B - Jul 2021

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Yabie (2017, Stockholm)
$26.5M - Series B - May 2021
Retail POS Solutions - Sweden
31
39
Back to index
In Store Retail Tech (Modcam)
(# Cos: 38 | $3.3B)
Payments (Klarna)
(# Cos: 10 | $3.3B)
POS (ITAB)
(# Cos: 9 | $39.9M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$26.5M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$39.9M
6
1
9
1
ITAB
(1978, Jonkoping)
Kaching
(2016, Stockholm, $13.4M)
Direct2Internet
(1999, Alta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Mobile Casual VR Game
Developers - Sweden
32
40
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$25.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$38.5M
1
-
1
1
Mobile Gaming (Star Stable)
(# Cos: 139 | $138M)
Game Developers (Stardoll)
(# Cos: 135 | $138M)
Casual (MAG Interactive)
(# Cos: 107 | $90.3M)
VR Games (Resolution Games)
(# Cos: 1 | $38.5M)
Resolution Games
(2015, Stockholm, $38.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Resolution Games (2015, Stockholm)
$25.0M - Series C - Jul 2021

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Outpost24 (2000, Karlskrona)
$23.8M - Series B - Dec 2020
Cyber Risk Assessment -
Sweden
33
41
Back to index
Cybersecurity (Detectify)
(# Cos: 130 | $164M)
Security Analytics (Unomaly)
(# Cos: 7 | $31.6M)
Cyber Risk & Vulnerability
Assessment (Outpost24)
(# Cos: 4 | $23.8M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$23.8M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$23.8M
1
-
4
0
Outpost24
(2000, Karlskrona, $23.8M)
Innovate Security
(2015, Stockholm)
Holm Security
(2015, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Outpost24 (2000, Karlskrona)
$23.8M - Series B - Dec 2020
IoT Security for Networks - Sweden
34
42
Back to index
Internet of Things Infrastructure (Crosser)
(# Cos: 61 | $51.5M)
IoT Security (AddSecure)
(# Cos: 2 | $23.8M)
Network Security (Outpost24)
(# Cos: 1 | $23.8M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$23.8M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$23.8M
1
-
1
0
Outpost24
(2000, Karlskrona, $23.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Digital Therapeutics for
Physiotherapy - Sweden
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$23.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$30.0M
2
-
3
1
Healthcare IT (NuvoAir)
(# Cos: 180 | $142M)
Value Based Care (Kontigo Care)
(# Cos: 48 | $38.9M)
Patient Engagement (Mevia)
(# Cos: 19 | $31.4M)
Digital Therapeutics (Brighter)
(# Cos: 9 | $30.0M)
Physiotheraphy (Joint Academy)
(# Cos: 3 | $30.0M)
Joint Academy
(2007, Malmo, $30.0M)
Qinematic
(2012, Stockholm)
GoMobilus
(1994, Gothenburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Joint Academy (2007, Malmo)
$23.0M - Series B - Sep 2020

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Gesynta Pharma (2017, Solna)
$21.7M - Series B - Sep 2020
Inflammatory Diseases Drugs -
Sweden
36
44
Back to index
Immunology (Lipum)
(# Cos: 26 | $102M)
Drugs (Idogen)
(# Cos: 20 | $102M)
Inflammatory Diseases (Gesynta
Pharma)
(# Cos: 6 | $31.1M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$21.7M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$31.1M
6
-
6
1
Gesynta Pharma
(2017, Solna, $31.1M)
SynAct Pharma
(2012, Lund)
Pronoxis
(2009, Gothenburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Truck Manufacturers -
Sweden
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$20.0M ( -- )
3 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$180M
2
-
2
2
Electric Vehicles (Voi)
(# Cos: 96 | $1.7B)
Automaker (CAKE)
(# Cos: 39 | $1.3B)
Commercial Vehicles (Volta Trucks)
(# Cos: 9 | $182M)
Trucks (Einride)
(# Cos: 2 | $180M)
Einride
(2016, Stockholm, $160M)
Volta Trucks
(2019, Stockholm, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Einride (2016, Stockholm)
$110M - Series B - May 2021
Volta Trucks (2019, Stockholm)
$20.0M - Series B - Jan 2021
Einride (2016, Stockholm)
$10.0M - Series A - Oct 2020

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Online Courses for Schools -
Sweden
38
46
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$20.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$26.9M
2
-
6
1
K-12 EdTech (Strawbees)
(# Cos: 88 | $45.0M)
B2B2C Learning Solutions (Ugglo)
(# Cos: 15 | $27.6M)
School Curriculum (Interspectral)
(# Cos: 10 | $26.9M)
Multi Subject (Schoolido)
(# Cos: 10 | $26.9M)
Online Courses (Kognity)
(# Cos: 6 | $26.9M)
Kognity
(2012, Stockholm, $24.4M)
Schoolido
(2011, Stockholm, $2.5M)
Edimia
(2013, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kognity (2012, Stockholm)
$20.0M - Series B - Jun 2021

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
P2P Wallet Remittance -
Sweden
39
47
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$19.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$23.2M
3
-
3
2
Remittance (PlingPay)
(# Cos: 11 | $23.2M)
Internet First Platforms (Nordic Payments)
(# Cos: 9 | $23.2M)
P2P Remittance (MAJORITY)
(# Cos: 8 | $23.2M)
Wallet Transfer
(TransferGalaxy)
(# Cos: 3 | $23.2M)
TransferGalaxy
(2014, Orebro, $4.2M)
MAJORITY
(1996, Stockholm, $19.0M)
PlingPay
(2015, Malmo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MAJORITY (1996, Stockholm)
$19.0M - Seed - Jun 2021

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Personal Finance Management
Solutions - Sweden
40
48
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Banking Tech (Tink)
(# Cos: 55 | $505M)
Personal Finance Management (Minna
Technologies)
(# Cos: 3 | $28.5M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$18.9M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$28.5M
3
-
3
1
Minna Technologies
(2016, Gothenburg, $28.0M)
Econans
(2017, Gothenburg, $441K)
Earthbanc
(2019, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Minna Technologies (2016,
Gothenburg)
$18.9M - Series B - Jan 2021

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Language Learning > IT Solutions >
Pronunciation Feedback - Sweden
41
49
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Language Learning (The Minnits)
(# Cos: 2 | $23.0M)
Pronunciation Feedback (Sanalabs)
(# Cos: 1 | $23.0M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$18.0M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$23.0M
1
-
1
1
Sanalabs
(2016, Stockholm, $23.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sanalabs (2016, Stockholm)
$18.0M - Series A - Jan 2021

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Ship Manufacturers -
Sweden
42
50
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Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.8M (▲146%)
1 (▼50%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$25.1M
1
-
2
1
Electric Vehicles (Voi)
(# Cos: 96 | $1.7B)
Automaker (Einride)
(# Cos: 39 | $1.3B)
Marine (Candela Speed Boat)
(# Cos: 3 | $25.1M)
Ships (X Shore)
(# Cos: 2 | $25.1M)
X Shore
(1997, Lidingoe, $25.1M)
Candela Speed Boat
(2015, Lidingoe)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
X Shore (1997, Lidingoe)
$17.8M - Series A - Apr 2021

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Winningtemp (2014, Gothenburg)
$17.8M - Series B - Oct 2020
Employee Engagement Platforms -
Sweden
43
51
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HRTech (Quinyx)
(# Cos: 208 | $171M)
Employee Engagement (Benify)
(# Cos: 21 | $22.9M)
Suite (Winningtemp)
(# Cos: 8 | $21.4M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.8M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$21.4M
2
-
8
1
Winningtemp
(2014, Gothenburg, $21.4M)
Henry
(2016, Stockholm)
Winningtemp
(2014, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Dirac (2001, Uppsala)
$17.7M - Series B - May 2021
3D Audio Technology - Sweden
44
52
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Audio Tech (Earin)
(# Cos: 5 | $51.7M)
Technology for Audio Devices (Limes
Audio)
(# Cos: 2 | $46.5M)
3D Audio (Dirac)
(# Cos: 1 | $41.8M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.7M (▲195%)
1 ( <> 0% )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$41.8M
1
-
1
1
Dirac
(2001, Uppsala, $41.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Estrid (2019, Stockholm)
$17.7M - Series B - Dec 2020
Beauty Products Subscription
Platforms - Sweden
45
53
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Subscription Commerce (Hack your closet)
(# Cos: 12 | $23.5M)
Beauty (Sniph)
(# Cos: 4 | $18.4M)
Horizontal (Estrid)
(# Cos: 3 | $17.7M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.7M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$17.7M
1
-
3
1
Estrid
(2019, Stockholm, $17.7M)
Naturalbox.com
(2013, Stockholm)
Glossybox
(2011, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Women Hair Removal Cream Brand
- Sweden
46
54
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Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.7M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$17.7M
1
-
3
1
Beauty & Personal Care Products (FOREO)
(# Cos: 79 | $42.6M)
Personal Hygiene (Intimina)
(# Cos: 8 | $17.7M)
Women (ellen)
(# Cos: 6 | $17.7M)
Hair Removal Cream (Estrid)
(# Cos: 3 | $17.7M)
Estrid
(2019, Stockholm, $17.7M)
Sugarwaxing
(2017, Stockholm)
Scandinavian Skin Candy
(2018, Skara)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Estrid (2019, Stockholm)
$17.7M - Series B - Dec 2020

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Internet First Hair Removal Appliances
Subscription Brands - Sweden
47
55
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.7M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$17.7M
1
-
1
1
Beauty Tech (Wavy)
(# Cos: 58 | $47.9M)
Ecommerce (Airinum)
(# Cos: 44 | $43.8M)
Appliances & Accessories
(HICKAP)
(# Cos: 2 | $17.7M)
Subscription (Estrid)
(# Cos: 1 | $17.7M)
Estrid
(2019, Stockholm, $17.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Estrid (2019, Stockholm)
$17.7M - Series B - Dec 2020

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Online Gaming Platforms - Sweden
48
56
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PC & Console Gaming (Paradox Interactive)
(# Cos: 101 | $258M)
Game Platforms (Hiber)
(# Cos: 4 | $18.0M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.2M (▲2050%)
3 (▲200%)
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$18.0M
2
-
4
1
Hiber
(2017, Gothenburg, $18.0M)
Adventure Box
(2014, Stockholm)
FireFlower Games
(2012, Malmo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hiber (2017, Gothenburg)
$15.0M - Series A - Jun 2021
Hiber (2017, Gothenburg)
$2.2M - Seed - Aug 2020
Hiber (2017, Gothenburg)
Undisclosed - Seed - Apr 2021

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Hospital Information
Systems > Patient Portal > Pre-admissions - Sweden
49
57
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Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$15.4M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
-
$27.5M
1
-
1
1
Healthcare IT (Sectra)
(# Cos: 180 | $142M)
Provider (NuvoAir)
(# Cos: 127 | $103M)
Hospital Information Systems (Cambio
Healthcare systems)
(# Cos: 24 | $31.1M)
Patient Portal (CollaboDoc)
(# Cos: 2 | $27.5M)
Pre-admissions (Doctrin AB)
(# Cos: 1 | $27.5M)
Doctrin AB
(2016, Stockholm, $27.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Doctrin AB (2016, Stockholm)
$15.4M - Series B - Jun 2021

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Four Wheeler EV Plug In Charger -
Sweden
50
58
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Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$15.3M ( -- )
1 ( -- )
Funded
Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn
Club
1
$15.3M
1
-
7
1
Energy Storage Tech (Northvolt)
(# Cos: 59 | $4.6B)
Charging (CaCharge)
(# Cos: 24 | $18.0M)
Devices (Elonroad)
(# Cos: 14 | $15.3M)
Plug In (PowerConcern)
(# Cos: 9 | $15.3M)
Electric Vehicle (Chargestorm)
(# Cos: 9 | $15.3M)
Four Wheelers (Charge Amps)
(# Cos: 7 | $15.3M)
Charge Amps
(2012, Stockholm, $15.3M)
Chargestorm
(2009, Norrkoping)
EleqtroPoint
(2015, Helsingborg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Charge Amps (2012, Stockholm)
$15.3M - Series B - Mar 2021

59. Sweden Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Sweden Tech - Top Business Models Report
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