Close to 200 companies participated in funding activities this year and have risen to become the top Stockholm startup for 2019. The fresh funds have given these companies the boost they needed to take their services to newer markets and expand their teams.
Stockholm is moving up the ladder to become one of the top startup ecosystems globally. It is the capital city of Sweden and is home to several unicorn companies. The tech startups in the city have had a key role in bringing substantial investments in the region. Here are some of these top startups that shined in the funding rounds and are expected to shine even more in 2019.
Top Stockholm Startups to Watch out for in 2019
KRY is a leading Swedish health tech startup seeking to make healthcare more accessible to everyone.? The Stockholm based startup has created an app that facilitates video meetings with doctors for any time and location for its users. What sets the app apart from the other Swedish health tech apps is that it?s the only CE certified app offering such a service making it one of the top Stockholm startups for 2019. In June 2018, KRY raised ?53 million in a Series B round from Index Ventures (lead investors), Project A, Creandum, and Accel becoming a highly funded startup in the ecosystem. This top startup in Stockholm was founded in 2014 by Fredrik Jung Abbou, Joachim Hedenius, Johannes Schildt, and Josefin Landg?rd.
Stockholm based startup Embark Studios is an innovative gaming developing company that is an emerging startup player in its sector. The gaming company is in the process of developing a technical gaming platform and their first few games which are expected to be launched very soon. Nexon, a leading Korean-Japanese video game company, has partnered with this top startup in Stockholm this year. This partnership has opened up several opportunities for Embark Studios to leverage Nexon?s reach and popularity to reach new markets.? It has become a top Stockholm startup for 2019 after the last funding round in which it raised $41 million.? Founded by gaming experts Patrick S?derlund, Johan Andersson, Jenny Huldschiner, Robert Runesson, Magnus Nordin and Stefan Strandberg this year, the Swedish startup looks like a force to be reckoned with in the city?s gaming sector.
Acast is a top startup in Stockholm providing on-demand audios and podcasts with interactive media and links on its platform. Touted to be one of the largest online marketplaces for podcasts and other audios, the Stockholm based startup has a market presence in Sweden, UK, US, New Zealand, and Australia. Acast has raised $70.2 million so far from 7 funding rounds with the one in 2018 being the most significant one. This was the Series C round through which this top startup in Stockholm raised $35 million from F?rsta AP-fonden (lead investor), Swedbank Robur?s Microcap Fund and Swedbank Robur?s Ny Teknik. These funds are most likely to be used for accelerating the expansion of the podcast marketplace which can make it one of the top Stockholm startups for 2019.
Star Stable Entertainment is a fast growing gaming company known for its flagship game Star Stable Horses. This top startup in Stockholm was founded by Ola Ahlvarsson in 2010 and has a user base of over 14 million. The most recent round of funding for Star Stable Entertainment was in May 2018 in which it raised ?15 from Nordisk Film Games. The investor bought a minority stake in the Stockholm based startup in this funding round. Star Stable Horses has found popularity in more than 180 countries and is available in over 13 languages.
The next company on our list of top Stockholm startups for 2019 is Amuse, a fast-growing digital music distribution platform. The platform is aiding artists who are looking for free ways to make their work more visible in online marketplaces like Spotify by offering a platform to do just that. The Stockholm based startup has recently completed its Series A round of funding this year securing $15.5 million in it. This round was led by Raine Ventures and Lakestar. Just like most companies among the top Stockholm startups for 2019, Amuse too plans to use the fresh funds for setting shop in new international markets. The company was co-founded by music industry veterans Andreas Ahlenius, Christian Wilsson, Diego Farias, Guy Parry, and Jimmy Brodd.
Stockholm based startup Fishbrain is a data-driven platform that helps fishing anglers and other individuals who like to fish connect with other. The innovative startup does not just help in finding the right opportunities for the best fishing experience but also is contributing to better sustainability rates in fisheries by sharing their data with research bodies. Fishbrain?s last funding round has helped it gain a strong place among the top Stockholm startups for 2019. The Series B round of funding for this novel startup brought home $13.5 million from lead investors Northzone and B Capital Group giving the company the needed financial nudge to grow. Fishbrain was founded by Jens Persson and Johan Attby in 2010 and holds the data for more than 1.7 million fishing locations globally.
G:Loot, also known as Gumbler, is among the top Stockholm startups for 2019 in the esports segment. It recently raised a $12.1 million in venture capital in early 2018 and planned to increase its team strength and introduce more game tournaments on its platform with these funds. The Stockholm based startup creates a gaming platform for esports tournaments helping various sports leagues get easy access to esports arenas. G:Loot is the brainchild of Tobias T?nsfeldt and was founded in 2012 when esports was a relatively new segment to Stockholm?s startup ecosystem.
Stockholm based startup Karma is a unique app that is helping combat food wastage and shortage.? Users of this app can find the best deals on food items from grocery stores, restaurants, and cafes where these items are unsold surplus. In August 2018, the Stockholm based startup raised $12 million from Kinnevik AB (lead investor), e.ventures, Electrolux, and Bessemer Venture Partners in the Series A round of funding. Karma is one of the youngest startups in this list of top Stockholm startups for 2019; it was co-founded by Elsa Bernadotte, Hjalmar St?hlberg Nordegren, Ludvig Berling, Mattis Larsson, and Steven van Wel in 2015.
Bynk is a data-driven fintech company among the top Stockholm startups for 2019 that are creating a high impact in their respective industries. This year the Swedish startup raised SEK 100 million in venture capital bringing the total investments picked up by the company so far to SEK 159 million. The Stockholm based startup allows its users to manage their loans effectively from their app doing away with the need for visiting a bank for any banking processes related to loans. Bynk was founded in 2016 by Dennis Ahlsen, Jonas Hultin, and Mathias Johansson and was finally launched in 2017.
Co-founded by Martin Vilcans, M?ns Ullerstam, Paul Brady, and Tommy Palm in 2015,? Resolution Games is a notable gaming studio developing AR/VR gaming experience. The Stockholm based startup has pocketed investments of $7.5 million in 2018 from its Series B round which was led by MizMaa Ventures with the support of seven other investors. Resolution Games is run by the best of gaming experts who bring expertise from a wide range of gaming aspects to the table. It?s total investments till date caps at $13.5 million and is one of the top Stockholm startups for 2019.
Stockholm?s gaming sub-sector is soaring and has been the home base for internationally acclaimed game companies that have produced hits like Candy Crush and Minecraft. Stockholm?s favorable business climate and a robust digital infrastructure can be credited as some of the catalyzing factors for the growth of these top Stockholm startups for 2019.
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