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1. TRACXN TOP BUSINESS MODELS REPORT
February 08, 2022
SWEDEN TECH

2. Sweden Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies 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 © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Funding in last 1 year
3
Energy Storage Tech $2.8B
Alternative Lending $1.8B
Music Tech $472M
Healthcare Booking Platforms $413M
Big Data Infrastructure $391M
Banking Tech $162M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Almi Invest
Antler
European Union
15
8
5
Early
Stage
EQT Ventures
Industrifonden
Luminar Ventures
8
6
5
Late
Stage
Creandum
Accel
Sequoia Capital
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Northvolt
(2015, Stockholm)
$2.8B -
Unattributed
Klarna
(2005, Stockholm)
$1.0B - Series H
Klarna
(2005, Stockholm)
$639M - Series H
Polestar
(1996, Gothenburg)
$550M -
Unattributed
Epidemic Sound
(2009, Stockholm)
$450M - Series D
Neo4j
(2007, Malmo)
$325M - Series F
KRY
(2014, Stockholm)
$317M - Series D
Voi
(2018, Stockholm)
$115M - Series D
Einride
(2016, Stockholm)
$110M - Series B
H2 Green Steel
(2020, Stockholm)
$105M - Series A
Instabox
(2015, Bromma)
$90.0M - Series B
Neo4j
(2007, Malmo)
$66.0M - Series F
Stockholm (81%)
Gothenburg (10%)
Malmo (5%)
Bromma (1%)
Helsingborg (1%)
Others (3%)

4. Copyright © 2022, Tracxn Technologies 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▲2 Lithium Ion Batteries $2.8B 1 Northvolt | $2.8B | Unattributed Link
2▼1 Internet First Point of Sale Financing $1.7B 4 Klarna | $1.0B | Series H Link
3▼1 E-Commerce POS Financing Solutions $1.7B 4 Klarna | $1.0B | Series H Link
4-- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed Link
5▲52 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D Link
6▲4 Web Based Platform for Doctor Consultation $413M 4 KRY | $317M | Series D Link
7▼2 Free Float Electric Kick Scooter Rentals $160M 2 Voi | $115M | Series D Link
8▲23 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B Link
9▲23 Autonomous Trucks $110M 1 Einride | $110M | Series B Link
10▲23 Self-Driving Delivery Vehicles $110M 1 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 © 2022, Tracxn Technologies 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▲15 Smart Parcel Lockers $90.0M 1 Instabox | $90.0M | Series B Link
12-- Data Management Platforms $66.0M 1 Funnel | $66.0M | Series C Link
13-- Electric Motorcycle Manufacturers $60.0M 1 CAKE | $60.0M | Series B Link
14▲13 Drugs for Multiple Cancer Types $53.9M 2 Anocca | $47.0M | Series B Link
15-- Congenital Heart Disease Treatment Devices $49.2M 1 Occlutech | $49.2M | Series C Link
16-- Online Fashion Retailer $47.9M 1 NA-KD | $47.9M | Series C Link
17▼10 Open Banking API Providers $47.9M 1 Tink | $47.9M | Series D Link
18-- Carbon Footprint Awareness $47.6M 3 Doconomy | $19.0M | Series B Link
19-- P2P Wallet Remittance $46.0M 2 MAJORITY | $27.0M | Series A Link
20▲14 Internet First Homeowner Insurers $45.0M 1 Hedvig | $45.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2022, Tracxn Technologies 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-- Accounts Receivables Payment Solutions $45.0M 1 Billogram | $45.0M | Series B Link
22<> 0 Electric Truck Manufacturers $43.7M 2 Einride | $110M | Series B Link
23--
Online B2C Packaged Surplus Food Products
Delivery
$40.9M 1 Matsmart | $40.9M | Series D Link
24--
Internet First Retail Banks with Partner Bank's
License
$36.0M 2 Doconomy | $19.0M | Series B Link
25-- Electric Aircraft $35.0M 1 Heart Aerosp.. | $35.0M | Series A Link
26-- Salon Booking Platforms $32.7M 1 Bokadirekt | $32.7M | Series C Link
27-- Online Fishing and Hunting Communities $31.0M 1 FishBrain | $31.0M | Series C Link
28-- Internet First Business Loans Marketplace $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 © 2022, Tracxn Technologies 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▲11 Autonomous Vehicles Training Data $24.0M 1 Annotell | $24.0M | Series A Link
34-- Electric Hydrofoils $24.0M 1 Candela | $24.0M | Series B Link
35-- Clinical Decision Support Tools for Disease Diagnosis $23.0M 2 NuvoAir | $12.0M | Series A Link
36-- Personalized Celebrity Video Message Platforms $22.0M 2 memmo | $12.0M | Series A Link
37-- Celebrity Chat Apps $22.0M 2 memmo | $12.0M | Series A Link
38-- Online Courses for Schools $20.0M 1 Kognity | $20.0M | Series B Link
39-- Transplant Drugs $20.0M 1 ITBMed | $20.0M | Series A Link
40-- Antibody Manufacturers $20.0M 1 ITBMed | $20.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2022, Tracxn Technologies 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-- Payment Links $18.2M 2 Zaver | $13.2M | Series B Link
42▲11 Electric Ships $17.8M 1 X Shore | $17.8M | Series A Link
43▲5 3D Audio Technology $17.7M 1 Dirac | $17.7M | Series B Link
44▼36 Last Mile Ecommerce Delivery Services $17.5M 1 Gordon Deliv.. | $17.5M | Series A Link
45-- Accounts Payble Automation $16.7M 2 Billhop | $11.9M | Series B Link
46-- Accounts Payables Payment Solutions $16.7M 2 Billhop | $11.9M | Series B Link
47--
Healthcare IT > Provider > Hospital Information
Systems > Patient Portal > Pre-admissions
$15.4M 1 Doctrin AB | $15.4M | Series B Link
48-- Plug in Electric Vehicle Chargers $15.3M 1 Charge Amps | $15.3M | Series B Link
49▲26 PC and Console Gaming Platforms $15.0M 2 Hiber | $15.0M | Series A Link
50-- Enterprise Knowledge Management $14.7M 1 Stravito | $14.7M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2022, Tracxn Technologies 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
$2.8B (▲358%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.4B
1
-
3
1
Energy Storage Tech (SaltX Technology)
(# Cos: 67 | $4.6B)
Battery (Qoitech)
(# Cos: 13 | $4.4B)
Secondary Battery (Enerpoly)
(# Cos: 4 | $4.4B)
Lithium Ion (Northvolt)
(# Cos: 3 | $4.4B)
Northvolt
(2015, Stockholm, $4.4B)
iON Drive
(2012, Gothenburg)
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 - Unattributed - Jun 2021

10. Copyright © 2022, Tracxn Technologies 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
$1.7B (▲155%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.7B
1
-
4
1
Alternative Lending (Lendify Sweden)
(# Cos: 79 | $4.0B)
Online Lenders (Capcito)
(# Cos: 53 | $4.0B)
Consumer Loans (Anyfin)
(# Cos: 27 | $3.9B)
Point of Sale Financing (FerBuy)
(# Cos: 6 | $3.7B)
Direct Lender (Klarna)
(# Cos: 4 | $3.7B)
Klarna
(2005, Stockholm, $3.7B)
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)
$639M - Series H - Jun 2021
Klarna (2005, Stockholm)
$14.5M - Series H - Mar 2021
Klarna (2005, Stockholm)
$6.0M - Series H - May 2021

11. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce POS Financing Solutions -
Sweden
03
11
Back to index
E-Commerce Enablers (inRiver)
(# Cos: 94 | $3.8B)
Point of Sale Financing (Klarna)
(# Cos: 1 | $3.7B)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$1.7B (▲155%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.7B
1
-
1
1
Klarna
(2005, Stockholm, $3.7B)
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)
$639M - Series H - Jun 2021
Klarna (2005, Stockholm)
$14.5M - Series H - Mar 2021
Klarna (2005, Stockholm)
$6.0M - Series H - May 2021

12. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Polestar (1996, Gothenburg)
$550M - Unattributed - Apr 2021
Electric Car Manufacturers - Sweden
04
12
Back to index
Electric Vehicles (Voi)
(# Cos: 110 | $2.0B)
Automaker (Einride)
(# Cos: 42 | $1.5B)
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 © 2022, Tracxn Technologies 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
$467M (▲ >10K%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$499M
3
-
3
2
Music Tech (Spotify)
(# Cos: 76 | $2.7B)
Music Artist IT (Soundtrap)
(# Cos: 33 | $553M)
Copyrights Management (Tracklib)
(# Cos: 4 | $502M)
Licensing Marketplace (Epidemic
Sound)
(# Cos: 3 | $499M)
Epidemic Sound
(2009, Stockholm, $476M)
Tracklib
(2014, Stockholm, $23.2M)
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
Tracklib (2014, Stockholm)
$16.8M - Series B - Sep 2021

14. Copyright © 2022, Tracxn Technologies 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 (▲576%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$816M
10
-
19
3
Healthcare Booking Platforms (Apoteket)
(# Cos: 76 | $837M)
Doctors (Mindler)
(# Cos: 37 | $827M)
Telemedicine (Doktor.se)
(# Cos: 33 | $827M)
Teleconsultation (KRY)
(# Cos: 32 | $827M)
Diversified (Min Doktor)
(# Cos: 19 | $816M)
Min Doktor
(2013, Malmo, $76.1M)
KRY
(2014, Stockholm, $571M)
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
KRY (2014, Stockholm)
Undisclosed - Series D - Dec 2021

15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Free Float Electric Kick Scooter Rentals -
Sweden
07
15
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$160M (▲17.4%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$500M
1
-
7
1
Electric Vehicles (Einride)
(# Cos: 110 | $2.0B)
Vehicle as a Service (Bzzt)
(# Cos: 18 | $500M)
Kick Scooters (Enjoycity)
(# Cos: 9 | $500M)
Free Float (Voi)
(# Cos: 7 | $500M)
Voi
(2018, Stockholm, $500M)
Enjoycity
(2020, Norrkoping)
Hubb
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Voi (2018, Stockholm)
$115M - Series D - Dec 2021
Voi (2018, Stockholm)
$45.0M - Series C - Aug 2021

16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Electric 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
$110M (▲1000%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$160M
1
-
1
1
Electric Vehicles (Voi)
(# Cos: 110 | $2.0B)
Automaker (CAKE)
(# Cos: 42 | $1.5B)
Commercial Vehicles (Velove Bikes)
(# Cos: 10 | $225M)
Trucks (Volta Trucks)
(# Cos: 3 | $224M)
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

17. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Einride (2016, Stockholm)
$110M - Series B - May 2021
Autonomous Trucks - Sweden
09
17
Back to index
Autonomous Vehicles (Imagimob)
(# Cos: 17 | $196M)
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
$110M (▲1000%)
1( <> 0% )
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 © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Self-Driving 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
$110M (▲1000%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$160M
1
-
1
1
Logistics Tech (Automile)
(# Cos: 117 | $496M)
Ecommerce Logistics (Budbee)
(# Cos: 20 | $405M)
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

19. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Smart Parcel Lockers - 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
$90.0M (▲492%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$105M
1
-
3
1
Logistics Tech (Automile)
(# Cos: 117 | $496M)
Ecommerce Logistics (Einride)
(# Cos: 20 | $405M)
Access Point (Intelliways)
(# Cos: 3 | $105M)
Locker (Instabox)
(# Cos: 3 | $105M)
Instabox
(2015, Bromma, $105M)
Intelliways
(2018, Stockholm)
Qlocx
(2016, 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

20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Funnel (2014, Stockholm)
$66.0M - Series C - Oct 2021
Data Management Platforms - Sweden
12
20
Back to index
MarketingTech (Cint)
(# Cos: 201 | $272M)
Marketing Data Platforms (Innometrics)
(# Cos: 6 | $136M)
Data Management Platforms (Funnel)
(# Cos: 3 | $131M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$66.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$131M
2
-
3
1
Funnel
(2014, Stockholm, $131M)
textcloud
(2019, Uppsala)
Avance Metering
(2018, Ostersund)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers -
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
$60.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$74.0M
1
-
4
1
Electric Vehicles (Voi)
(# Cos: 110 | $2.0B)
Automaker (Einride)
(# Cos: 42 | $1.5B)
Two Wheelers (STILRIDE)
(# Cos: 7 | $94.3M)
Motorcycles (CAKE)
(# Cos: 4 | $74.0M)
CAKE
(2016, Stockholm, $74.0M)
Regent Motorcycles
(2018, Gothenburg)
Zeus Twelve
(2012, Vargon)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CAKE (2016, Stockholm)
$60.0M - Series B - Sep 2021

22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Anocca (2014, Sodertalje)
$47.0M - Series B - Jul 2021
Asgard Therapeutics (2017, Lund)
$6.9M - Seed - Nov 2021
Drugs for Multiple Cancer Types -
Sweden
14
22
Back to index
Oncology (SciBase)
(# Cos: 86 | $261M)
Drugs (Aprea)
(# Cos: 48 | $222M)
Diversified (Alligator Bioscience)
(# Cos: 37 | $207M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$53.9M (▲257%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$207M
31
12
37
0
Alligator Bioscience
(2001, Lund, $10.0M)
Aprea
(2003, Stockholm, $113M)
Oasmia
(1999, Uppsala)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Congenital Heart Disease Treatment
Devices - 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
$49.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$70.8M
1
-
1
1
Cardiac and Vascular Disorders (Abarceo)
(# Cos: 40 | $126M)
Medical Devices (Coala Life)
(# Cos: 23 | $96.4M)
Therapeutic Devices (Carmeda)
(# Cos: 8 | $74.4M)
Congenital Heart Diseases
(Occlutech)
(# Cos: 1 | $70.8M)
Occlutech
(2003, Helsingborg, $70.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Occlutech (2003, Helsingborg)
$49.2M - Series C - Dec 2021

24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Online Fashion Retailer - Sweden
16
24
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 ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$168M
5
1
18
1
Fashion Tech (Re:newcell)
(# Cos: 179 | $231M)
B2C Commerce (KidsBrandStore)
(# Cos: 163 | $204M)
Multi Category (Reve)
(# Cos: 58 | $176M)
Inventory-led (Caliroots)
(# Cos: 23 | $175M)
Retailer (Boozt.com)
(# Cos: 23 | $175M)
Multi-brand (NA-KD)
(# Cos: 18 | $168M)
NA-KD
(2015, Gothenburg, $137M)
Boozt.com
(2006, Malmo, $29.7M)
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

25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Tink (2012, Stockholm)
$47.9M - Series D - Apr 2021
Open Banking API Providers - Sweden
17
25
Back to index
Banking Tech (Juni)
(# Cos: 61 | $544M)
Open Banking (Open Payments)
(# Cos: 11 | $366M)
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
$47.9M (▼53.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$359M
1
-
5
0
Tink
(2012, Stockholm, $359M)
Northbricks
(2017, Stockholm)
Youcal
(2017, Orebro)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Doconomy (2018, Stockholm)
$19.0M - Series B - Jan 2022
Doconomy (2018, Stockholm)
$17.0M - Series B - Sep 2021
Normative (2014, Lund)
$11.6M - Series A - Oct 2021
Carbon Footprint Awareness - Sweden
18
26
Back to index
Air Pollution Management Tech (ClimateView)
(# Cos: 35 | $72.2M)
Carbon Management (Normative)
(# Cos: 16 | $54.8M)
Carbon Footprint Awareness
(Doconomy)
(# Cos: 12 | $49.7M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$47.6M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$49.7M
6
-
12
2
Doconomy
(2018, Stockholm, $36.0M)
Normative
(2014, Lund, $13.7M)
CarbonCloud
(2014, Gothenburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
P2P Wallet Remittance - 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
$46.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.2M
3
-
3
2
Remittance (Centiglobe)
(# Cos: 12 | $56.0M)
Internet First Platforms (Nordic Payments)
(# Cos: 10 | $50.2M)
P2P Remittance (TransferGalaxy)
(# Cos: 8 | $50.2M)
Wallet Transfer (MAJORITY)
(# Cos: 3 | $50.2M)
MAJORITY
(2019, Stockholm, $46.0M)
TransferGalaxy
(2014, Orebro, $4.2M)
PlingPay
(2015, Malmo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MAJORITY (2019, Stockholm)
$27.0M - Series A - Dec 2021
MAJORITY (2019, Stockholm)
$19.0M - Seed - Jun 2021

28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Internet First Homeowner Insurers -
Sweden
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$45.0M (▲396%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$68.0M
1
-
1
1
Internet First Insurance Platforms (Insurello)
(# Cos: 16 | $104M)
Internet First Insurers (Tikkr)
(# Cos: 3 | $69.4M)
P&C (Paydrive)
(# Cos: 2 | $68.7M)
Homeowners (Hedvig)
(# Cos: 1 | $68.0M)
Hedvig
(2016, Stockholm, $68.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hedvig (2016, Stockholm)
$45.0M - Series B - Sep 2021

29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Accounts Receivables Payment Solutions
- Sweden
21
29
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$45.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$58.2M
3
-
3
2
Payments (Zettle)
(# Cos: 78 | $440M)
Business Payments (Trustly)
(# Cos: 39 | $381M)
Mass Payouts (Dicopay)
(# Cos: 5 | $78.9M)
Invoice Payments (Billhop)
(# Cos: 5 | $78.9M)
Accounts Receivables (Billogram)
(# Cos: 3 | $58.2M)
Billogram
(2011, Stockholm, $53.6M)
Dicopay
(2017, Stockholm, $4.5M)
Billecta
(2014, Stockholm, $140K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Billogram (2011, Stockholm)
$45.0M - Series B - Sep 2021

30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Truck Manufacturers - Sweden
22
30
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$43.7M (▲119%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$224M
3
-
3
2
Electric Vehicles (Voi)
(# Cos: 110 | $2.0B)
Automaker (CAKE)
(# Cos: 42 | $1.5B)
Commercial Vehicles (Volta Trucks)
(# Cos: 10 | $225M)
Trucks (Einride)
(# Cos: 3 | $224M)
Einride
(2016, Stockholm, $160M)
Volta Trucks
(2019, Stockholm, $63.7M)
Inzile
(2012, Vastervik)
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)
$43.7M - Series B - Sep 2021

31. Copyright © 2022, Tracxn Technologies 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
23
31
Back to index
Online Grocery (Northfork)
(# Cos: 59 | $302M)
B2C Ecommerce (MatHem)
(# Cos: 36 | $296M)
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 ( -- )
1( -- )
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.

32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Internet First Retail Banks with Partner Bank's
License - 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
$36.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$36.0M
2
1
3
1
Banking Tech (Tink)
(# Cos: 61 | $544M)
Internet First Banks (Doconomy)
(# Cos: 11 | $112M)
Through Bank Partnerships (Juni)
(# Cos: 6 | $112M)
Retail Banking (Avanza Bank)
(# Cos: 3 | $36.0M)
Avanza Bank
(1999, Stockholm)
Doconomy
(2018, Stockholm, $36.0M)
Rocker
(2016, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Doconomy (2018, Stockholm)
$19.0M - Series B - Jan 2022
Doconomy (2018, Stockholm)
$17.0M - Series B - Sep 2021

33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Aircraft - Sweden
25
33
Back to index
Aerospace Tech (Arcam)
(# Cos: 7 | $37.1M)
Electric Aircraft (Heart Aerospace)
(# Cos: 2 | $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
-
2
1
Heart Aerospace
(2018, Gothenburg, $37.1M)
Jetson
(2017, Stockholm)
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

34. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Salon Booking Platforms - Sweden
26
34
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$32.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$33.2M
5
-
7
1
Local Services (Hitta.se)
(# Cos: 82 | $86.1M)
Personal Wellness Services (Fitness Collection)
(# Cos: 15 | $36.4M)
Beauty (Bookatreat)
(# Cos: 11 | $33.5M)
Appointment Booking (Suavoo)
(# Cos: 11 | $33.5M)
Parlour Booking (Bokadirekt)
(# Cos: 7 | $33.2M)
Bokadirekt
(2009, Stockholm, $32.7M)
Bookatreat
(2016, Stockholm, $206K)
Glamma
(2015, Gothenburg)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bokadirekt (2009, Stockholm)
$32.7M - Series C - Dec 2021

35. Copyright © 2022, Tracxn Technologies 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
27
35
Back to index
Social Platforms (Sportswik)
(# Cos: 85 | $75.3M)
Interest Based (We Don't Have Time)
(# Cos: 32 | $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.

36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Internet First Business Loans
Marketplace - Sweden
28
36
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 ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$41.4M
4
-
4
2
Alternative Lending (Anyfin)
(# Cos: 79 | $4.0B)
Online Lenders (Klarna)
(# Cos: 53 | $4.0B)
Business Loans (Qred)
(# Cos: 19 | $48.6M)
Diversified (Northmill)
(# Cos: 8 | $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

37. Copyright © 2022, Tracxn Technologies 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 | $110M)
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)
HatRabbit
(2016, Nacka)
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 © 2022, Tracxn Technologies 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
1
$44.6M
3
-
7
2
PC & Console Gaming (Stillfront)
(# Cos: 125 | $265M)
Game Developers (Embracer Group)
(# Cos: 113 | $231M)
PC & Console Games (Starbreeze)
(# Cos: 100 | $218M)
Casual Games (Paradox Interactive)
(# Cos: 58 | $121M)
VR Games (Resolution Games)
(# Cos: 7 | $44.6M)
Resolution Games
(2015, Stockholm, $38.5M)
Fast Travel Games
(2016, Stockholm, $6.1M)
DoGoodGames
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 © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Retail POS Solutions - Sweden
31
39
Back to index
In Store Retail Tech (Klarna)
(# Cos: 40 | $3.7B)
POS (ITAB)
(# Cos: 7 | $26.5M)
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
-
$26.5M
5
1
7
0
ITAB
(1978, Jonkoping)
Yabie
(2017, Stockholm, $26.5M)
Direct2Internet
(1999, Alta)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yabie (2017, Stockholm)
$26.5M - Series B - May 2021

40. Copyright © 2022, Tracxn Technologies 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
1
$38.5M
1
-
2
1
Mobile Gaming (G5 Entertainment)
(# Cos: 167 | $140M)
Game Developers (Stardoll)
(# Cos: 163 | $140M)
Casual (MAG Interactive)
(# Cos: 128 | $91.8M)
VR Games (Resolution Games)
(# Cos: 2 | $38.5M)
Resolution Games
(2015, Stockholm, $38.5M)
Zero Index
(2020, Linkoping)
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 © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Annotell (2018, Gothenburg)
$24.0M - Series A - Feb 2022
Autonomous Vehicles Training Data -
Sweden
33
41
Back to index
Autonomous Vehicles (Einride)
(# Cos: 17 | $196M)
Testing (AstaZero)
(# Cos: 3 | $32.0M)
Training Data (Annotell)
(# Cos: 1 | $32.0M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$24.0M (▲255%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$32.0M
1
-
1
1
Annotell
(2018, Gothenburg, $32.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Hydrofoils - Sweden
34
42
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$24.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$24.0M
1
-
2
0
Maritime Tech (Dolprop)
(# Cos: 19 | $50.9M)
Innovative Marine Vehicles (Candela Speed
Boat)
(# Cos: 4 | $49.1M)
Electric (X Shore)
(# Cos: 4 | $49.1M)
Hydrofoils (Candela)
(# Cos: 2 | $24.0M)
Candela
(1994, Lidingo, $24.0M)
Candela Speed Boat
(2014, Lidingo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Candela (1994, Lidingo)
$24.0M - Series B - Dec 2021

43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Clinical Decision Support Tools for Disease
Diagnosis - 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 ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.1M
1
-
1
1
Healthcare IT (Joint Academy)
(# Cos: 215 | $170M)
Provider (Doctrin AB)
(# Cos: 160 | $131M)
Clinical Operations (Sectra)
(# Cos: 68 | $79.2M)
Decision Support (Elekta)
(# Cos: 64 | $79.2M)
Diagnosis (AMRA)
(# Cos: 37 | $77.9M)
Differential Diagnosis (ContextVision)
(# Cos: 31 | $74.6M)
Diagnostics (Coala Life)
(# Cos: 8 | $54.4M)
Devices and platform (SciBase)
(# Cos: 8 | $54.4M)
Generic (NuvoAir)
(# Cos: 1 | $28.1M)
NuvoAir
(2015, Stockholm, $28.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
NuvoAir (2015, Stockholm)
$12.0M - Series A - Jun 2021
NuvoAir (2015, Stockholm)
$11.0M - Series A - Jan 2022

44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Personalized Celebrity Video Message
Platforms - Sweden
36
44
Back to index
Online Gifting (Tappy)
(# Cos: 21 | $25.5M)
Personalized Celebrity Video Shout Outs
(memmo)
(# Cos: 3 | $24.3M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$22.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.3M
2
-
3
1
memmo
(2019, Stockholm, $24.2M)
Starprise
(2019, Stockholm, $104K)
Privyet
(2020, Uppsala)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
memmo (2019, Stockholm)
$12.0M - Series A - Aug 2021
memmo (2019, Stockholm)
$10.0M - Series A - Feb 2021

45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
memmo (2019, Stockholm)
$12.0M - Series A - Aug 2021
memmo (2019, Stockholm)
$10.0M - Series A - Feb 2021
Celebrity Chat Apps - Sweden
37
45
Back to index
Communication Apps (Rebtel)
(# Cos: 33 | $52.3M)
App Community chat (Keelr)
(# Cos: 8 | $24.3M)
Celebrity Chat (memmo)
(# Cos: 1 | $24.2M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$22.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$24.2M
1
-
1
1
memmo
(2019, Stockholm, $24.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2022, Tracxn Technologies 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
-
7
1
K-12 EdTech (Toca Boca)
(# Cos: 107 | $49.0M)
B2B2C Learning Solutions (Ugglo)
(# Cos: 16 | $28.9M)
School Curriculum (Interspectral)
(# Cos: 11 | $26.9M)
Multi Subject (Schoolido)
(# Cos: 11 | $26.9M)
Online Courses (Kognity)
(# Cos: 7 | $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 © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Transplant Drugs - Sweden
39
47
Back to index
Transplant Medicine (XVIVO Perfusion)
(# Cos: 4 | $87.0M)
Drugs (ITBMed)
(# Cos: 2 | $87.0M)
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
-
$87.0M
2
-
2
1
ITBMed
(2016, Stockholm, $87.0M)
iCoat Medical
(2018, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ITBMed (2016, Stockholm)
$20.0M - Series A - Dec 2021

48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Antibody Manufacturers - Sweden
40
48
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
1
$87.0M
5
-
7
1
Life Sciences Platforms and Tools (Symcel)
(# Cos: 133 | $221M)
Research Reagents and Kits (Vitrolife)
(# Cos: 29 | $106M)
Proteomics (Atlas Antibodies)
(# Cos: 12 | $87.0M)
Antibodies (ITBMed)
(# Cos: 7 | $87.0M)
ITBMed
(2016, Stockholm, $87.0M)
Atlas Antibodies
(2006, Stockholm)
Mabtech
(1986, Nacka)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ITBMed (2016, Stockholm)
$20.0M - Series A - Dec 2021

49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Zaver (2016, Stockholm)
$13.2M - Series B - Oct 2021
Zaver (2016, Stockholm)
$5.0M - Series A - Mar 2021
Payment Links - Sweden
41
49
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Payments (Zettle)
(# Cos: 78 | $440M)
Business Payments (Trustly)
(# Cos: 39 | $381M)
Payment Links (Zaver)
(# Cos: 2 | $21.7M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$18.2M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$21.7M
1
-
2
1
Zaver
(2016, Stockholm, $21.7M)
Zerocket
(2019, Alvsjo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Electric Ships - 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 (▲220%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.1M
1
-
2
1
Maritime Tech (Dolprop)
(# Cos: 19 | $50.9M)
Innovative Marine Vehicles (Candela Speed
Boat)
(# Cos: 4 | $49.1M)
Electric (Candela)
(# Cos: 4 | $49.1M)
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 © 2022, Tracxn Technologies 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
43
51
Back to index
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.

52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Gordon Delivery (2015, Stockholm)
$17.5M - Series A - Jun 2021
Last Mile Ecommerce Delivery Services -
Sweden
44
52
Back to index
Logistics Tech (Automile)
(# Cos: 117 | $496M)
Ecommerce Logistics (Einride)
(# Cos: 20 | $405M)
Last Mile (Budbee)
(# Cos: 5 | $130M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$17.5M (▼76.5%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$130M
2
-
5
2
Budbee
(2015, Stockholm, $112M)
Gordon Delivery
(2015, Stockholm, $17.5M)
Widriksson's Åkeri
(1953, Hagersten)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Accounts Payble Automation - Sweden
45
53
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Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$16.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.7M
1
-
1
1
Finance & Accounting Tech (Billogram)
(# Cos: 108 | $125M)
Accounting Solutions (Bokio)
(# Cos: 73 | $114M)
Procure to Pay (Medius)
(# Cos: 19 | $31.5M)
Account Payables (Wint)
(# Cos: 9 | $26.5M)
Payments (Billhop)
(# Cos: 1 | $20.7M)
Billhop
(2011, Stockholm, $20.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Billhop (2011, Stockholm)
$11.9M - Series B - Feb 2022
Billhop (2011, Stockholm)
$4.9M - Series A - Feb 2021

54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Accounts Payables Payment Solutions -
Sweden
46
54
Back to index
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$16.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.7M
1
-
1
1
Payments (Zettle)
(# Cos: 78 | $440M)
Business Payments (Trustly)
(# Cos: 39 | $381M)
Mass Payouts (Dicopay)
(# Cos: 5 | $78.9M)
Invoice Payments (Billogram)
(# Cos: 5 | $78.9M)
Accounts Payables (Billhop)
(# Cos: 1 | $20.7M)
Billhop
(2011, Stockholm, $20.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Billhop (2011, Stockholm)
$11.9M - Series B - Feb 2022
Billhop (2011, Stockholm)
$4.9M - Series A - Feb 2021

55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Hospital Information Systems >
Patient Portal > Pre-admissions - Sweden
47
55
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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: 215 | $170M)
Provider (NuvoAir)
(# Cos: 160 | $131M)
Hospital Information Systems (Cambio
Healthcare systems)
(# Cos: 27 | $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

56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Charge Amps (2012, Stockholm)
$15.3M - Series B - Mar 2021
Plug in Electric Vehicle Chargers -
Sweden
48
56
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Electric Vehicles (Voi)
(# Cos: 110 | $2.0B)
Charging Solutions (CaCharge)
(# Cos: 30 | $18.0M)
Plug in Charging (Charge Amps)
(# Cos: 9 | $15.3M)
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
2
-
9
1
Charge Amps
(2012, Stockholm, $15.3M)
Chargestorm
(2009, Norrkoping)
PowerConcern
(2019, Sigtuna)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
PC and Console Gaming Platforms -
Sweden
49
57
Back to index
PC & Console Gaming (Paradox Interactive)
(# Cos: 125 | $265M)
Game Platforms (Hiber)
(# Cos: 6 | $18.0M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$15.0M (▲582%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$18.0M
3
-
6
1
Hiber
(2017, Gothenburg, $18.0M)
Adventure Box
(2014, Stockholm)
Lazer Wolf Studios
(2016, Skelleftea)
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)
Undisclosed - Seed - Apr 2021

58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech - Top Business Models Report
Recent Funding Rounds
Enterprise Knowledge Management -
Sweden
50
58
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Enterprise Information Management (Formpipe)
(# Cos: 15 | $28.9M)
Knowledge Management (Stravito)
(# Cos: 3 | $23.8M)
Taxonomy
$ Invested in last 1 year in Sweden
Tech
Key Stats
# Funding Rounds in last 1 year in
Sweden Tech
$14.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$23.8M
1
-
3
1
Stravito
(2017, Stockholm, $23.8M)
Intelligence2day
(2014, Stockholm)
WideNarrow
(2006, Stockholm)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Stravito (2017, Stockholm)
$14.7M - Series A - Sep 2021

59. Sweden Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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Sweden Tech - Top Business Models Report
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