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Unicorn startups in Sweden (Aug, 2026)

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A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Sweden has more than 35.4K+ startups. Of these, 14 have become Unicorns, with the latest entrant to the club being Legora on Oct 28, 2025. In 2026, Sweden has seen no new unicorn startups.
Globally, Sweden is number 14 in terms of total Unicorns created, behind Switzerland (16 unicorns) at rank 13 and Netherlands (19 unicorns) at rank 12. Stockholm leads the list of cities in Sweden with most unicorns at 11. It is followed by Malmo (2 unicorns) and Bromma (1 unicorn). Among sectors, High Tech has seen the most unicorns created at 6, followed by Enterprise Applications at 5, and Consumer at 5
Here is a list of all 14 unicorns created in Sweden:

14. Legora

Legora joined the Unicorn Club on Oct 28, 2025 after raising a $150M Series C funding round led by Bessemer Venture Partners, valuing it at $1.8B.
Screenshot of the website of Legora
Developer of agentic software for automating complex legal work tasks. This system connects information, communication, and execution to manage legal workflows. It functions by planning, executing, and reviewing documents to assist with research, drafting, and regulatory monitoring. The software integrates with existing communication tools to facilitate document organization and analysis across various practice areas.

Key facts about Legora

Lovable joined the Unicorn Club on Jul 17, 2025 after raising a $200M Series A funding round led by Accel, valuing it at $1.8B.
Screenshot of the website of Lovable
Developer of an AI platform for building applications and websites. The platform enables users to create software through conversational interaction with artificial intelligence. It provides tools for developing various types of applications. The platform supports users in designing and deploying software solutions.

Key facts about Lovable

Neko Health joined the Unicorn Club on Jan 23, 2025 after raising a $260M Series B funding round led by Lightspeed Venture Partners, valuing it at $1.8B.
Screenshot of the website of Neko Health
Platform offering solutions for preventive health scans. It provider of health checkups using body scans and doctor consultations. It offers a health assessment through body scans, providing instant results. It provides a neko body scan that gathers and analyzes data points from the body, enabling identification and tracking of individual risk factors, including tiny birthmark changes invisible to the naked eye. The scan includes a full body cardiovascular examination, examination of birthmarks, clinical blood tests, and personal advice from a doctor.

Key facts about Neko Health

  • Founded Year: 2018
  • Location: Stockholm (Sweden)
  • Stage: Series C
  • Primary Sector: Healthcare IT
  • Time to Unicorn: 7 years
  • Top investors : Alexis Ohanian, Lakestar
  • Annual Revenue: $1M - $10M as on Dec 31, 2024
  • Valuation: $*****
  • Total Funding till date: $1.03B
  • Employee Count: 648 as on Jun 30, 2026
  • Latest Funding Round: Series C, Jul 15, 2026, $*****
Polarium joined the Unicorn Club on May 03, 2022 after raising a $100M Series D funding round, valuing it at $1B.
Screenshot of the website of Polarium
Developer of battery management systems and energy storage hardware solutions. These products facilitate energy storage for residential, commercial, industrial, and telecommunications applications. The hardware integrates with software to manage power availability, optimize energy consumption, and support grid stability. The systems enable users to store energy for reserve power, reduce costs through peak shaving, and participate in energy markets. The technology supports the integration of renewable energy sources by providing scalable storage capacity for various infrastructure requirements.

Key facts about Polarium

Instabox joined the Unicorn Club on Apr 21, 2022 after raising a $190M Series C funding round led by Verdane.
Screenshot of the website of Instabox
Provider of e-commerce delivery services to proprietary smart lockers. Its platform integrates with e-commerce websites so clients can select their delivery services, track deliveries with a link, and have the parcels delivered to the company's proprietary smart lockers, from where they can collect the packages at their convenience.

Key facts about Instabox

  • Founded Year: 2015
  • Location: Bromma (Sweden)
  • Stage: Series C
  • Primary Sector: Logistics Tech
  • Time to Unicorn: 7 years 3 months
  • Top investors : Inbox Capital, EQT
  • Valuation: $*****
  • Total Funding till date: $305M
  • Employee Count: 273 as on Jun 30, 2026
  • Latest Funding Round: Series C, Jul 07, 2022, $*****
Einride joined the Unicorn Club on Jan 08, 2022
Screenshot of the website of Einride
Provider of electric and autonomous freight transportation solutions. It integrate smart vehicles, AI-powered logistics software, and charging infrastructure for sustainable road freight operations. It combines autonomous vehicles, electric trucking operations, intelligent charging infrastructure, and AI-powered fleet management software into a unified logistics ecosystem. Its solutions optimize freight movement through real-time data analysis, route management, energy optimization, and operational automation, enabling businesses to reduce emissions, improve efficiency, and transition toward sustainable transportation at scale across global markets.

Key facts about Einride

8. Voi

Voi joined the Unicorn Club on Dec 20, 2021
Screenshot of the website of Voi
App-based platform offering electric kick-scooter rental services. It provides a mobile app that allows users to find and rent electric kick scooters nearby. The users can unlock the kick scooters through a QR code and after riding they can park it at any valid place. The mobile application is available for iOS users.

Key facts about Voi

Neo4j joined the Unicorn Club on Jun 17, 2021 after raising a $325M Series F funding round led by Eurazeo, valuing it at $2B.
Screenshot of the website of Neo4j
Provider of graph database management system and graph analytics platform. It offers graph database as a service and self-managed graph database deployment. The company provides graph analytics as a service and self-managed graph algorithms with machine learning modeling. It also offers tools for graph visualization, exploration, and database instance management.

Key facts about Neo4j

6. Kry

Kry joined the Unicorn Club on Apr 27, 2021 after raising a $300M Series D funding round led by Fidelity Investments, CPP Investments, valuing it at $2B.
Screenshot of the website of Kry
Provider of digital and physical primary urgent and secondary care. This entity facilitates medical consultations with doctors, nurses, and psychologists through online platforms. It integrates virtual health services with physical clinical facilities to manage patient health needs. The service model combines remote access to medical professionals with in-person care delivery to address various health concerns.

Key facts about Kry

Epidemic Sound joined the Unicorn Club on Mar 11, 2021 after raising a $450M Series D funding round led by EQT, Blackstone, valuing it at $1.4B.
Screenshot of the website of Epidemic Sound
Cloud-based music licensing platform. It is an online platform for music composers to sell their music production. It keeps all the productions in its online music library and makes them available to professional editors. It allows users to either subscribe to the platform for unlimited use or license tracks per second.

Key facts about Epidemic Sound

  • Founded Year: 2009
  • Location: Stockholm (Sweden)
  • Stage: Series D
  • Primary Sector: Music Tech
  • Time to Unicorn: 12 years 2 months
  • Top investors : SEB, EQT
  • Valuation: $*****
  • Total Funding till date: $476M
  • Employee Count: 673 as on Jun 30, 2026
  • Latest Funding Round: Series D, Mar 11, 2021, $*****
Oatly joined the Unicorn Club on Jul 14, 2020 after raising a $200M Series C funding round led by Blackstone, valuing it at $2B.
Screenshot of the website of Oatly
Manufacturer of oat-based beverages, yogurts, cooking products, and related merchandise. It provides various oat drink options, including chilled varieties suitable for different uses. The company also offers oat-based yogurt alternatives and cooking-related products. Additionally, it features content related to taste trends, sustainability initiatives, health information, and investor relations.

Key facts about Oatly

  • Founded Year: 1994
  • Location: Malmo (Sweden)
  • Stage: Public
  • Primary Sector: Food Tech
  • Time to Unicorn: 26 years 6 months
  • Top investors : K2 Global, Advantas Capital Ventures
  • Total Funding till date: $232M
  • Employee Count: 1,403 as on Jun 30, 2026
  • Latest Funding Round: Series C, Jul 14, 2020, $*****
Northvolt joined the Unicorn Club on Jun 01, 2019
Screenshot of the website of Northvolt
Manufacturer of lithium-ion batteries for electric vehicles. It provides solutions for new production technologies to deliver low-cost lithium-ion batteries to be used in electric and off-highway vehicles. It provides custom cells optimized for a particular application, battery system, and more.

Key facts about Northvolt

Klarna joined the Unicorn Club on Mar 14, 2014 after raising a $125M Series D funding round led by Sequoia Capital, General Atlantic, Atomico and 1 more.
Screenshot of the website of Klarna
Developer of an online platform for point-of-sale financing. It enables users to purchase products within the partnered merchant network and split the cost of the purchase from the stores into interest-free payments and also works in-store. It also enables users to make instalment payments by credit or debit cards on retail purchases, receive price changes, and deal alerts. Its mobile application is available on Android and iOS platforms.

Key facts about Klarna

Spotify joined the Unicorn Club on Jun 17, 2011 after raising a $100M Series C funding round led by Accel.
Screenshot of the website of Spotify
Provider of a platform for streaming digital music and podcasts. The platform allows users to listen to a wide variety of audio content. It is accessible via web browsers and dedicated applications.

Key facts about Spotify

  • Founded Year: 2006
  • Location: Stockholm (Sweden)
  • Stage: Public
  • Primary Sector: Music Tech and Radio Tech
  • Time to Unicorn: 5 years 5 months
  • Top investors : ADS Ventures, 2020 Ventures
  • Annual Revenue: €1B+ as on Dec 31, 2025
  • Total Funding till date: $2.06B
  • Employee Count: 18,512 as on Mar 31, 2026
  • Latest Funding Round: Post IPO, Feb 10, 2023, $*****

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