The most important startups in Stockholm

Johan Pihl and Mathias Wikstöm, founders of Local weather fintech Doconomy.Images: Christopher Hunt


Local weather fintech Doconomy calculates the environmental price of each buy made with their DO bank card. Every transaction is supplied via its personal API, and every transaction is introduced in krona and carbon-footprint score based mostly on the class of firm or service provider. However this expertise goals to do extra than simply elevate consciousness: The app additionally lets prospects take motion, providing carbon offset choices and donations towards world sustainability initiatives.

Doconomy expertise is built-in throughout the worldwide Mastercard community; Impression API has now processed information from greater than 2 billion transactions, reaching greater than 750 million customers. It was based by Matthias Wikström and Johann Bell in 2018, with a complete funding of 15.5 million kilos (about 17.4 million {dollars}). “Finally it is about uncovering the blind spots of affect,” says Wikström. “We’re ensuring we’re serving to to facilitate discount in step with our net-zero targets, for each people and companies.”

Cling أنظمة Techniques

William Bergh had the thought to develop a buying and selling platform for used electrical automotive batteries whereas finishing his grasp’s thesis, which included analysis at Stockholm-based sustainable battery producer Northvolt. “I noticed a niche available in the market: There was no readability on the place the batteries truly find yourself with the present programs,” Berg says. Based in 2020, Cling Techniques connects the ecosystem to make sure batteries are reused, reused and recycled. In a pre-incorporation funding spherical in January, it raised £1.7 million (about $1.9 million) to assist construct a real-time map of the batteries in use to make sure most industrial and environmental advantages. The present supply contains 2,500 batteries from greater than 50 distributors within the Nordic international locations and the Netherlands.


This digital remedy service connects sufferers with psychological well being professionals with just some faucets on the display. Since its launch in 2018, Mindler has hosted greater than 375,000 visits to a digital psychiatrist; Video name classes are built-in with therapy plans inside the app. Its recognition has soared throughout Covid lockdowns, because the variety of month-to-month lively customers has greater than quadrupled to 13,000 for the reason that pandemic. It was co-founded by doctor Rijkaard Lagerqvist and psychologists Ricard Vardig and Johannes Hatem, and has since expanded into 4 different markets – together with the UK – and raised almost £34 million (about $38 million) in funding.

Local weather View

From Malmo to Dundee, Cincinnati to Nottingham, Local weather View helps cities around the globe attain internet zero via its platform, Climatetus. Native authorities handle, observe after which implement data-driven local weather motion plans within the transition in the direction of carbon-neutral economies. “Cities want higher intelligence to make collaborative local weather choices,” explains Tomer Shalit, co-founder of ClimateView. As a former IT marketing consultant, he beforehand supplied agile options to banks and insurance coverage corporations. “If they’re utilizing these strategies to successfully remedy complicated issues, why not apply them to crucial drawback of all?” Based alongside Jeff Goens and Einar Bodstrom, it not too long ago raised 8.6 million kilos ($9.7 million) from the primary spherical.


Former M&A lawyer Kira Unger and former McKinsey marketing consultant Olga Beck-Fries launched authorized tech startup PocketLaw in 2018 to navigate the crimson tape that usually ensnares small and medium-sized companies. Its contract creation and administration platform is now utilized by greater than 6000 corporations, easing the burden of day-to-day authorized wants by digitizing on a regular basis paperwork. Since its launch in 2020, PocketLaw has quadrupled in dimension yr after yr. It additionally opened an workplace in London, with a crew of attorneys to adapt the expertise to the nuances of UK company legislation. In Could, it raised 8.5 million kilos ($9.6 million) in Collection A funding.

Selah Rui Li and Marc van Almkerk, founders of Ellure.Images: Christopher Hunt


Ellure’s IoT-enabled 3D beauty printers are able to designing, crafting, and manufacturing lipsticks on demand in minutes. Not solely does this imply 10,000 colours to select from, however the waste and overproduction sometimes discovered within the magnificence trade is drastically lowered – for instance, applicator caps are 3D printed from atom-based supplies. Co-founder Selah Rui Li, who launched the startup in 2019 alongside Marc van Almkerk, explains: “Our analysis exhibits that 7 % of cosmetics and 14 % of lipsticks should not offered at retail as a result of buyer demand can’t be estimated with full accuracy. “. After a small-scale pilot trial within the US and funding from the European Institute of Innovation and Expertise, Ellure is heading in the direction of launching its first product this yr.

the work

Dework has been described as LinkedIn for Web3: a decentralized job marketplace for cryptocurrency and blockchain staff. The collaboration device, based by Lonis Hamili and David Fant, permits decentralized autonomous organizations to recruit, arrange groups, handle initiatives, and pay contributors utilizing native tokens. Conversely, contributors can hyperlink their private Discord account to the platform, create a profile, and signal good contracts that match their expertise. After an preliminary funding spherical of 4 million kilos ($4.5 million) led by Paradigm and Tempo Capital and joined by former Coinbase technical director Balaji Srinivasan, the platform already has 11,000 customers after its launch in December 2021.


Information engineering is often a posh enterprise. Validio helps strip that again. Its platform permits even one-person groups to have capabilities akin to a Silicon Valley large: Via machine studying expertise, unknown information failures can simply be detected and information high quality will be checked mechanically. Based by Patrik Tran, City Eriksson and Oliver Molander in 2019, it’s now a Google Cloud construct accomplice. Validio’s shoppers embody Stockholm escooter startup Voi and digital electrical energy provider Tibber. In June, it raised 12.2 million kilos (about $13.8 million) in seed funding led by Laquistar, an early backer of the likes of Spotify and Revolut. Amongst angel traders? Swedish soccer legend Zlatan Ibrahimovic.