6 min read Growth

26 Swedish startups and scaleups with strong, sustainable growth in 2024

A still small, but growing number of Swedish tech startups and scaleups have released their annual reports for 2024. In my daily PRO newsletters I systematically keep track of the most interesting ones, and I also add them to the "Fast Growers" section of my Startup Database.

Below you find a non-exhaustive selection of some of those Swedish tech startups & scaleups that are showing strong growth, while delivering profits, only moderate losses, or at least large relative improvements in result/margins.

List of Abbreviations:
YoY = Year-Over-Year
FY = financial year
SEK = Swedish krona
M = million

  • GeoGuessr (Stockholm, online community game where players have to identify locations based on Google Street View imagery, founded 2013)
    • 2024 net revenue: SEK310.9M, up 32.5% YoY
    • 2024 result after financial items: SEK137.9M, vs SEK118.5M in 2023
    • Source: Breakit, the annual report has not been made public yet

  • Svensk Fordonsladdning (Rättvik; provider of complete solutions in vehicle charging and energy storage for companies, industry and public environments, founded 2020, public company data)
    • 2024 net revenue: SEK173.4M, up 57% YoY
    • 2024 result after financial items: SEK33.1M, vs SEK11.6M last year
    • Covered in Swedish Tech News PRO with more details on April 15.

  • Vermiculus (Stockholm, solutions for exchanges and clearing houses using an AI-based and cloud-native microservice architecture, founded 2020)
    • 2024 net revenue: SEK151M, up 56% YoY
    • 2024 operating profit: SEK30M, vs SEK12.7M in 2023
    • Source: Breakit, the annual report has not been made public yet

  • Evify (Stockholm; provider of EV charging solutions for consumers, companies and cooperatives, founded 2018, public company data)
    • 2024 net revenue: SEK144.2M, up 47% YoY
    • 2024 result after financial items: SEK3.2M, vs SEK0.9M in 2023
    • Covered in Swedish Tech News PRO with more details on March 19

  • Minut (Malmö, camera-less home security solution for short-term rental properties, founded 2014, public company data)
    • 2024 net revenue: SEK59.3M, up 31% YoY
    • 2024 result after financial items: SEK2M, vs loss of -SEK5.3M in 2023
    • Covered in Swedish Tech News PRO with more details on March 5.

  • Bizcap (Stockholm; provider of tailored credit solutions to Swedish SMEs, especially when traditional sources of financing are not an option, founded 2021, public company data)
    • 2024 net revenue: SEK54M, up 38% YoY
    • 2024 result after financial items: SEK24.9M, vs SEK23.8M in 2023
    • Covered in Swedish Tech News PRO with more details on May 9.

  • snafu (Stockholm, tech-driven provider of funding for artists based on their back catalogs, founded 2018)
    • 2024 revenue: SEK45M, up 470% YoY
    • 2024 result after financial items: -SEK12.5M, vs -SEK22.5M in 2023
    • Source: Breakit, the annual report has not been made public yet.

  • LaddaTillsammans (Helsingborg; provider of smart EV charging solutions to condominium associations, communities and property companies, founded 2021, public company data)
    • 2024 net revenue: SEK26.7M, up 73% YoY
    • 2024 result after financial items: SEK0.9M, vs SEK1M last year
    • Covered in Swedish Tech News PRO with more details on April 10.

  • KanEL (Stockholm, provider of smart energy efficiency services and products for energy storage, founded 2021, public company data)
    • 2024 net revenue: SEK21.4M, up 929% YoY
    • 2024 result after financial items: -SEK1M, vs SEK1.3M in 2023
    • Covered in Swedish Tech News PRO with more details on February 5.

  • Herbox (Gothenburg; dispensers with menstrual products for businesses, organizations, and schools, founded 2021)
    • 2024 net revenue: around SEK20M, up 2x YoY
    • 2024 operating result: SEK2M, vs -SEK1M in 2023
    • Source: Breakit, the annual report has not been made public yet

  • Chargehome (Stockholm, provider of EV charging stations to end consumers and public charging, founded 2021, public company data)
    • 2023 net revenue: SEK14.6M, up 68% YoY (the 2023 annual report was published in February 2025, so I still wanted to include it here)
    • 2023 loss: -SEK2M, vs -SEK3.5M in 2022
    • Covered in Swedish Tech News PRO with more details on February 4.

  • Period Pack (Stockholm, tampon dispenser subscription for companies and organizations, founded 2019)
    • 2024 net revenue: around SEK11M, up 175% YoY
    • 2024 profit: SEK3M
    • Source: Di Digital, the annual report has not been made public yet

  • Dignisia (Gothenburg, SaaS solution for credit professionals to optimize their credit and collection lifecycle, founded 2018, public company data)
    • 2024 net revenue: SEK10.4M, up 65% YoY
    • 2024 result: break-even, vs a loss of -SEK9.7M in 2023
    • Covered in Swedish Tech News PRO with more details on March 20.

  • Advicy, formerly Netblocks (Stockholm, AI-powered platform helping property owners to manage their buildings in a sustainable way, founded 2021, public company data)

  • Salus mea (Gothenburg, smart safety alarm solution for people who feel unsafe or limited in their everyday lives, founded 2019, public company data)
    • 2024 net revenue: SEK6.2M, up 1140% YoY
    • 2024 result after financial items: SEK0.3M, vs -SEK5.8M in 2023
    • Covered in Swedish Tech News PRO with more details on April 23.

NOTE: This is a non-exhaustive selection. Many more companies will report their 2024 numbers during the next months. I will keep track of them, and you can sign up to my PRO subscription, so you don't have to wait until I publish the next post of this type :)

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: m@swedishtechnews.com
Stockholm