AgriTech startups in Sweden
There are 143 AgriTech startups in Sweden which include Heliospectra, Bomill, SweTree, Swedish Algae Factory, Big Akwa. Out of these, 60 startups are funded, with 21 having secured Series A+ funding.
Over the past 10 years, an average of 7 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Lund University and Singapore Management University (SMU).
Here is the list of top AgriTech startups in Sweden
1. Heliospectra
Dynamic LED lighting solutions for horticulture, improving crop quality and efficiency. They pioneer dynamic LED lighting for commercial cultivation and research, offering solutions designed to meet specific crop needs. Their LED solutions match the level of precision required, from fixed spectra to fully dynamic control, providing the flexibility to steer light intensity and spectrum for healthier crops and better results. They offer multi-channel spectrum control, powered by automation tools, designed for advanced growers managing dynamic crop needs and detailed lighting protocols. Their solutions include wireless dimming, sensors, and software to automate lighting strategies and tailor them to any situation. They focus on sustainability, innovation, and crop quality, helping growers worldwide produce more efficient crops. They provide smart light control solutions that ensure crops thrive in the ideal environment.
Key facts about Heliospectra
- Founded Year: 2006
- Location: Askim (Sweden)
- Stage: Public
- Total Funding till date: $4.5M
- Investors: Industrifonden, Midroc and 1 Other
- Latest Funding Round: Grant (prize money), Dec 01, 2016, $*****
- Tracxn Score: 55/100 What is this?
- Competitors Rank: 86 of 6,182 Competitors
2. Bomill
Developer and manufacturer of wheat sorting systems for agricultural industry. It has developed sorting machines focusing on durum wheat, soft wheat and barley. It has developed TriQ a grain quality sorting technology.
Key facts about Bomill
- Founded Year: 1998
- Location: Vintrie (Sweden)
- Stage: Early Stage
- Total Funding till date: $4.96M
- Investors: Capagro, Syngenta Group and 6 Others
- Latest Funding Round: Grant (prize money), Feb 01, 2019, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 1 of 36 Competitors
3. SweTree
Forest biotechnology company developing innovative technologies for sustainable biomass production, focused on increasing the value of trees and wood. The company develops and introduces innovative technologies and products to the global forestry market, collaborating with customers, technology partners, and scientists. The aim is to sustainably produce more biomass, enabling a shift from fossils to renewables with efficient resource use. Core application areas include precision breeding, automated somatic embryogenesis plant propagation, and poplar elite clones. The company utilizes an innovation system with collaborations with researchers and institutes, holding a portfolio of patents. This enables stronger BioEconomy through biological technologies and products to improve the productivity and performance of trees and wood properties for forestry, fibre and biomass related industries.
Key facts about SweTree
- Founded Year: 1999
- Location: Umea (Sweden)
- Stage: Series B
- Total Funding till date: $19.3M
- Investors: STORA ENSO, Sveaskog and 3 Others
- Latest Funding Round: Series B, 2008, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 20 of 356 Competitors
Swedish Algae Factory cultivates certain diatom species of algae which has unique traits of growing in low temperature and light condition & growing dense. It does the cultivation of its indigenous system which uses less surface and energy for cultivation. Post harvesting, the silica frustule of the algae is removed and used in various applications such as solar cells and thermal insulation. The remaining organic algae biomass is then separated into oil and nutrient-rich biomass portion. Oil can be used as a substitute for the palm oil or can be converted into a substitute for crude energy oil by a process called hydrothermal liquefaction. The nutrient biomass can be used in various businesses such as organic fertilizer manufacturing.
Key facts about Swedish Algae Factory
- Founded Year: 2014
- Location: Gothenburg (Sweden)
- Stage: Series A
- Total Funding till date: $397K
- Investors: Almi Invest, Aqua Spark and 10 Others
- Latest Funding Round: Series A, Mar 17, 2020, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 5 of 68 Competitors

5. Big Akwa
Developer of circular aquaculture projects utilizing waste streams for sustainable fish. The company focuses on creating an efficient circular approach to fish production. It uses waste heat to warm fish farm water, accelerating growth and reducing energy consumption. Wastewater from fish farming is converted into a valuable resource.
Key facts about Big Akwa
- Founded Year: 2020
- Location: Harnosand (Sweden)
- Stage: Series A
- Total Funding till date: $993K
- Investors: Almi, Norrlandsfonden and 2 Others
- Latest Funding Round: Series A, Jun 08, 2024, $*****
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 5 of 155 Competitors
