> ## Content Index > Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # 26 Swedish startups and scaleups with strong, sustainable growth in 2024 - URL: https://www.swedishtechnews.com/25-swedish-startups-and-scaleups-with-strong-sustainable-growth-in-2024/ - Published: 2025-05-13T16:29:10.000Z - Updated: 2025-05-17T07:28:44.000Z - Description: A non-exhaustive selection of Swedish tech startups & scaleups that reported strong growth for 2024, while delivering profits, only moderate losses, or at least large relative improvements in result/margins. - Author: Martin Weigert - Tags: Growth, GeoGuessr, Svensk Fordonsladdning, Vermiculus, Evify, Personalkollen, Minut, Car.info, Bizcap, snafu, Arctic Space Technologies, Cloud Family, LaddaTillsammans, KanEL, Chargehome, Ensotech, Embrace Safety, Marketmate (formerly Augere), Ping Payments, Period Pack, Dignisia, WeTal, Venizum, Advicy, Salus mea, Signcast A still small, but growing number of Swedish tech startups and scaleups have released their annual reports for 2024\. In [my daily PRO newsletters](https://www.swedishtechnews.com/tag/daily/) I systematically keep track of the most interesting ones, and I also add them to the "Fast Growers" section of my [Startup Database](https://data.swedishtechnews.com). 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**](https://www.geoguessr.com/) (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](https://www.breakit.se/artikel/42710/ny-succe-for-geoguessr-rusar-over-300-miljoner-med-rejal-vinst), the annual report has not been made public yet - [**Svensk Fordonsladdning**](https://www.svenskfordonsladdning.se/) (Rättvik; provider of complete solutions in vehicle charging and energy storage for companies, industry and public environments, founded 2020, [public company data](https://www.bolagsfakta.se/5592573249-Svensk%5FFordonsladdning%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-april-15-2025/#selected-swedish-tech-earnings). - [**Vermiculus**](https://www.vermiculus.se/) (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](https://www.breakit.se/artikel/42951/personalen-tar-over-vinstmaskinen-doldisbolaget-dubblar), the annual report has not been made public yet - [**Evify**](https://www.evify.se/) (Stockholm; provider of EV charging solutions for consumers, companies and cooperatives, founded 2018, [public company data](https://www.bolagsfakta.se/5591762496-Evify%5FSweden%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-march-19-2025/#selected-swedish-tech-earnings) - [**Personalkollen**](https://personalkollen.se/) (Umeå; SaaS scheduling, planning and payroll solution for the hospitality and retail industry, founded 2011, [public company data](https://www.bolagsfakta.se/5568426786-Personalkollen%5FSverige%5FAB)) - 2024 net revenue: **SEK74.1M, up 36% YoY** - 2024 result after financial items: SEK28.7M, vs SEK15.6M in 2023 - Covered in Swedish Tech News PRO [with more details on January 23](https://www.swedishtechnews.com/swedish-tech-news-pro-jan-23-2025/#selected-swedish-tech-earnings). ## Receive Swedish startup & tech news right into your inbox Subscribe to Swedish Tech Weekly, a free newsletter with the latest from Sweden's tech and startup industry, curated by Martin Weigert. Or – if you are an investor – [join PRO](https://www.swedishtechnews.com/#/portal/signup) to get ahead. Subscribe Email sent! Check your inbox to complete your signup. No spam. Unsubscribe anytime. [Privacy policy](https://www.swedishtechnews.com/privacy-policy/). - [**Minut**](https://www.minut.com/) (Malmö, camera-less home security solution for short-term rental properties, founded 2014, [public company data](https://www.bolagsfakta.se/5590063920-minut%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-march-5-2025/#selected-swedish-tech-earnings). - [**Car.info**](https://www.car.info/) (Ängelholm, car database, founded 2014, [public company data](https://www.allabolag.se/bokslut/car-info-nordic-ab/%C3%A4ngelholm/datacenters/2K3YK45I5YDLG)) - 2024 net revenue: **SEK58.7M, up 39% YoY** - 2024 result after financial items: SEK26.4M, vs SEK18.4M in 2023 - Covered in Swedish Tech News PRO [with more details on April 3](https://www.swedishtechnews.com/swedish-tech-news-pro-april-3-2025/#selected-swedish-tech-earnings). - [**Bizcap**](https://www.bizcap.se)(Stockholm; provider of tailored credit solutions to Swedish SMEs, especially when traditional sources of financing are not an option, founded 2021, [public company data](https://www.bolagsfakta.se/5593018780-Bizcap%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-may-9-2025/#selected-swedish-tech-earnings). - [**snafu**](https://www.snafurecords.com/) (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](https://www.breakit.se/artikel/43001/kandistata-ai-bolaget-snafu-utmanar-musikbranschen-med-ny-modell-om-20-ar-kommer-det-vara-helt-annorlunda), the annual report has not been made public yet. - [**Arctic Space Technologies**](https://arcticspace.com/) (Piteå, provider of satellite ground segment solutions, founded 2020, [public company data](https://www.bolagsfakta.se/5592139405-Arctic%5FSpace%5FTechnologies%5FAB)) - FY 2023/2024 net revenue: **SEK30.8M, up 70% YoY** - FY 2023/2024 result after financial items: SEK14.5M, vs SEK8.3M during the previous FY. - Covered in Swedish Tech News PRO [with more details on March 12](https://www.swedishtechnews.com/swedish-tech-news-pro-march-12-2025/#selected-swedish-tech-earnings). - [**Cloud Family**](https://www.cloudfamily.com/) (Gothenburg, solution that automatically decreases AWS costs, founded 2023, [public company data](https://www.bolagsfakta.se/5594214776-Cloud%5FFamily%5FAB)) - 2024 net revenue: **SEK26.9M, up 647% YoY** - 2024 result: break-even, as in 2023 - Covered in Swedish Tech News PRO [with more details on March 6](https://www.swedishtechnews.com/swedish-tech-news-pro-march-6-2025/#selected-swedish-tech-earnings). - [**LaddaTillsammans**](https://laddatillsammans.se/) (Helsingborg; provider of smart EV charging solutions to condominium associations, communities and property companies, founded 2021, [public company data](https://www.bolagsfakta.se/5593096315-LaddaTillsammans%5FSverige%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-april-10-2025/#selected-swedish-tech-earnings). - [**KanEL**](https://www.kanel.se) (Stockholm, provider of smart energy efficiency services and products for energy storage, founded 2021, [public company data](https://www.bolagsfakta.se/5592500994-KanEL%5FSweden%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-feb-5-2025/#selected-swedish-tech-earnings). - [**Herbox**](https://www.herbox.se/) (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](https://www.breakit.se/artikel/43271/herbox-vill-att-mensskydd-ska-finnas-overallt-nu-dubblar-duon-omsattningen), the annual report has not been made public yet - [**Chargehome**](https://chargehome.se/) (Stockholm, provider of EV charging stations to end consumers and public charging, founded 2021, [public company data](https://www.bolagsfakta.se/5592946650-Chargehome%5FTechnology%5FScandinavia%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-feb-4-2025/#selected-swedish-tech-earnings). ## Receive Swedish startup & tech news right into your inbox Subscribe to Swedish Tech Weekly, a free newsletter with the latest from Sweden's tech and startup industry, curated by Martin Weigert. Or – if you are an investor – [join PRO](https://www.swedishtechnews.com/#/portal/signup) to get ahead. Subscribe Email sent! Check your inbox to complete your signup. No spam. Unsubscribe anytime. [Privacy policy](https://www.swedishtechnews.com/privacy-policy/). - [**Ensotech**](https://ensotech.se)(Stockholm, B2B SaaS electricity purchase platform, founded 2016, [public company data](https://www.bolagsfakta.se/5590622147-Energy%5FSourcing%5FTechnology%5FSweden%5FAB)) - FY 2023/2024 net revenue: **SEK13.8M, up 31% YoY** - FY 2023/2024 result after financial items: SEK2.3M, vs SEK0.8M - Covered in Swedish Tech News PRO [with more details on January 24](https://www.swedishtechnews.com/swedish-tech-news-pro-jan-24-2025/#selected-swedish-tech-earnings). - [**Embrace Safety**](https://www.embrace-safety.se) (Örebro, digital platform for collaborative crime prevention and security promotion work, founded 2016, [public company data](https://www.bolagsfakta.se/5590811898-Embrace%5FSafety%5FAB)) - 2024 net revenue: **SEK12.7M, up 40% YoY** - 2024 result after financial items: SEK4.5M, vs SEK2.3M in 2023 - Covered in Swedish Tech News PRO [with more details on March 12](https://www.swedishtechnews.com/swedish-tech-news-pro-march-12-2025/#selected-swedish-tech-earnings). - [**Marketmate**](https://www.marketmate.se), formerly Augere (Stockholm, comparison platform for ETP products, founded 2021, [public company data](https://www.bolagsfakta.se/5593177537-Augere%5FAB)) - 2024 net revenue: **SEK11.5M, up 58% YoY** - 2024 result after financial items: SEK2.7M, vs SEK0.5M in 2023 - Covered in Swedish Tech News PRO [with more details on March 13](https://www.swedishtechnews.com/swedish-tech-news-pro-march-13-2025/#selected-swedish-tech-earnings). - [**Ping Payments**](https://www.pingpayments.com/)(Örebro, go-to payment service for civil society organizations, founded 2017, [public company data](https://www.bolagsfakta.se/5591235378-Ping%5FPayments%5FAB)) - 2024 net revenue: **SEK11M, up 41% YoY** - 2024 result: break-even, vs a loss of -SEK4M in 2023 - Covered in Swedish Tech News PRO [with more details on March 28](https://www.swedishtechnews.com/swedish-tech-news-pro-march-28-2025/#selected-swedish-tech-earnings). - [**Period Pack**](https://periodpack.com/) (Stockholm, tampon dispenser subscription for companies and organizations, founded 2019) - 2024 net revenue: **around SEK11M, up 175% YoY** - 2024 profit: **SEK3M** - Source: [Di Digital](https://www.di.se/digital/fran-uf-foretag-till-miljonbolag-folk-skrattade-at-iden/), the annual report has not been made public yet - [**Dignisia**](https://dignisia.com/) (Gothenburg, SaaS solution for credit professionals to optimize their credit and collection lifecycle, founded 2018, [public company data](https://www.bolagsfakta.se/5591239727-Dignisia%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-march-20-2025/#selected-swedish-tech-earnings). - [**WeTal**](https://wetal.com/) (Stockholm, career marketplace for coders and IT consultants, founded 2019, [public company data](https://www.bolagsfakta.se/5592152465-Wetal%5FLab%5FAB)) - 2024 net revenue: **SEK7M, up 438% YoY** - 2024 profit: SEK0.7M, vs a loss of -SEK0.2M in 2023 - Covered in Swedish Tech News PRO [with more details on April 1](https://www.swedishtechnews.com/swedish-tech-news-pro-april-1-2025/#selected-swedish-tech-earnings). - [**Venizum**](https://www.venizum.com) (Stockholm, native translation and localisation application in Salesforce, founded 2020, [public company data](https://www.bolagsfakta.se/5592716020-Venizum%5FMarketing%5FTechnology%5FAB)) - 2024 net revenue: **SEK6.8M, up 162% YoY** - 2024 loss: -SEK1.4M, vs -SEK2.2M in 2023 - Covered in Swedish Tech News PRO [with more details on April 9](https://www.swedishtechnews.com/swedish-tech-news-pro-april-9-2025/#selected-swedish-tech-earnings). - [**Advicy**](https://advicy.se), formerly Netblocks (Stockholm, AI-powered platform helping property owners to manage their buildings in a sustainable way, founded 2021, [public company data](https://www.bolagsfakta.se/5593466476-Advicy%5FAB)) - 2024 net revenue: **SEK6.7M, up 49% YoY** - 2024 result: break-even - Covered in Swedish Tech News PRO [with more details on March 25](https://www.swedishtechnews.com/swedish-tech-news-pro-march-25-2025/#selected-swedish-tech-earnings). - [**Salus mea**](https://salusmea.com/) (Gothenburg, smart safety alarm solution for people who feel unsafe or limited in their everyday lives, founded 2019, [public company data](https://www.bolagsfakta.se/5591963847-Salus%5Fmea%5FAB)) - 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](https://www.swedishtechnews.com/swedish-tech-news-pro-april-23-2025/#selected-swedish-tech-earnings). - [**Signcast**](https://signcast.se) (Stockholm, SaaS provider of digital signage solutions, founded 2018, [public company data](https://www.bolagsfakta.se/5590869557-SignCast%5FAB)) - 2024 net revenue: **SEK5.8M, up 93% YoY** - 2024 result after financial items: SEK0.8M, vs -SEK0.5M last year - Covered in Swedish Tech News PRO [with more details on March 19](https://www.swedishtechnews.com/swedish-tech-news-pro-april-14-2025/#selected-swedish-tech-earnings). 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](https://www.swedishtechnews.com/#/portal/signup), so you don't have to wait until I publish the next post of this type :)