The Hottest Startups in Stockholm


Johan Pihl and Mathias Wikstöm, cofounders of local weather fintech Doconomy.{Photograph}: Christopher Hunt


Local weather fintech Doconomy calculates the environmental price of each buy made on its DO bank card. Fed by means of its API, every transaction is offered in each krona and a carbon footprint ranking primarily based on firm or service provider class. However the expertise goals to do greater than increase consciousness: Its app additionally permits prospects to take motion, providing carbon offsetting choices and donations towards world sustainability tasks.

Doconomy’s expertise has been built-in throughout Mastercard’s world community; its Influence API has now processed information from greater than 2 billion transactions, reaching over 750 million customers. Based by Mathias Wikström and Johan Pihl in 2018, it’s totaled £15.5 million (round $17.4 million) in funding. “Finally it’s about disclosing the blind spots of impression,” Wikström says. “We be certain that we assist facilitate discount consistent with net-zero targets, for each people and companies.”

Cling Methods

William Bergh had the concept to develop a buying and selling platform for used EV batteries whereas finishing his grasp’s thesis, which concerned analysis at Stockholm sustainable battery maker Northvolt. “I noticed a spot out there: There was no readability on the place batteries truly find yourself with present techniques,” says Bergh. Cling Methods, based in 2020, connects the ecosystem to make sure batteries are reused, repurposed, and recycled. In a January pre-seed funding spherical, it raised £1.7 million (round $1.9 million) to assist construct a real-time map of used batteries to make sure most industrial and environmental advantages. Its present provide consists of 2,500 batteries from greater than 50 sellers within the Nordics and Netherlands.


This digital remedy service connects sufferers to psychological well being professionals with just some faucets of the display screen. Since launching in 2018, Mindler has hosted greater than 375,000 digital psychologist visits; video name classes are mixed with in-app therapy plans. Its recognition surged throughout Covid lockdowns, with month-to-month energetic customers having greater than quadrupled to 13,000 because the pandemic. Cofounded by doctor Rickard Lagerqvist and psychologists Rickard Färdig and Johannes Hatem, it’s since expanded to 4 extra markets—together with the UK—and raised practically £34 million (round $38 million) in funding.


From Malmö to Dundee, Cincinnati to Nottingham, ClimateView helps cities world wide attain net-zero by means of its ClimateOS platform. Native authorities handle, monitor, after which execute data-led local weather motion plans within the transition towards zero-carbon economies. “Cities want higher intelligence to make collaborative local weather choices,” explains ClimateView cofounder Tomer Shalit. A former IT marketing consultant, he beforehand supplied agile options to banks and insurance coverage companies. “In the event that they use these strategies to unravel complicated issues successfully, why not apply them to a very powerful downside of all?” Based alongside Jeff Goens and Einar Bodstrom, it most lately raised a £8.6 million ($9.7 million) Sequence A spherical.


Former M&A lawyer Kira Unger and ex-McKinsey marketing consultant Olga Beck-Friis launched authorized tech startup PocketLaw in 2018 to chop by means of the pink tape that always ensnares small- and medium-size companies. Its contract creation and administration platform is now utilized by greater than 6,000 firms, easing the burden of on a regular basis authorized wants by digitizing day-to-day paperwork. Since launching in 2020, PocketLaw has quadrupled in dimension 12 months after 12 months. It’s additionally opened a London workplace, with a workforce of legal professionals adapting the tech to the nuances of UK firm regulation. In Might, it raised £8.5 million ($9.6 million) in Sequence A funding.

Selah Rui Li and Marc van Almkerk, cofounders of Ellure.{Photograph}: Christopher Hunt


Ellure’s beauty IoT-enabled 3D printers are in a position to design, formulate, and manufacture lipstick on-demand in minutes. Not solely does that imply 10,000 shades to select from, however waste and overproduction sometimes discovered within the magnificence trade is dramatically lowered—applicator tops, for example, are 3D-printed from corn-based supplies. “Our analysis exhibits 7 % of cosmetics and 14 % of lipsticks are unsold at retail as a result of buyer demand can’t be estimated wholly precisely,” explains cofounder Selah Rui Li, who launched the startup in 2019 alongside Marc van Almkerk. Following a small-scale pilot within the US and funding from the European Institute of Innovation and Know-how, Ellure is shifting towards its first product launch this 12 months.


Dework has been touted because the LinkedIn for Web3: a decentralized job market for crypto and blockchain gig employees. Based by Lonis Hamaili and David Fant, the collaboration instrument permits decentralized autonomous organizations to recruit, manage groups, handle tasks, and pay contributors with native tokens. Conversely, contributors can join their private Discord account to the platform, construct a profile, and signal good contracts that match their skillsets. Recent from a £4 million ($4.5 million) pre-seed funding spherical led by Paradigm and Tempo Capital and joined by former Coinbase CTO Balaji Srinivasan, the platform already boasts 11,000 customers following its December 2021 launch.


Knowledge engineering is usually a fancy enterprise. Validio helps strip that again. Its platform permits even one-man groups to have capabilities nearer to a Silicon Valley large: By way of machine studying expertise, unknown information failures may be simply caught and information high quality may be robotically validated. Based by Patrik Tran, City Eriksson, and Oliver Molander in 2019, it’s now a Google Cloud construct accomplice. Amongst Validio’s shoppers are Stockholm escooter startup Voi and digital electrical energy provider Tibber. In June, it raised £12.2 million (round $13.8 million) in seed funding led by Lakestar, an early backer of the likes of Spotify and Revolut. Among the many angel buyers? Swedish soccer legend Zlatan Ibrahimović.

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