With €5.7 billion raised in total in 2023, Sweden took fifth place among the best-performing countries, as stated in our Annual report.
Two companies dominated in the list of the 10 companies that raised the most last year, and both are from the cleantech industry. Northvolt secured a total of €2.7 billion over four deals, followed by H2 Green Steel which closed a €1.5 billion deal.
Here is the list of those you should also watch in 2024.
Northvolt
Northvolt is a Swedish company specializing in the production of sustainable lithium-ion batteries for electric vehicles and energy storage systems.
They aim to drive the transition towards renewable energy by providing high-quality, environmentally friendly battery solutions.
Northvolt prioritizes innovation and sustainability in its manufacturing processes to meet the growing demand for clean energy technologies.
Industry: Cleantech
Amount raised in 2023: €2.7B
H2 Green Steel
H2 Green Steel is a Swedish company at the forefront of green steel production, utilizing hydrogen as a clean energy source.
The company focuses on developing sustainable steel manufacturing processes to reduce carbon emissions in the industry with the aim of revolutionizing the steel sector by offering a renewable alternative to traditional methods.
Industry: Cleantech
Amount raised in 2023: €1.5 billion
Gilion
Gilion (formerly Ark Kapital) is a growth platform which empowers founders in constructing enduring companies. Leveraging advanced predictive models honed by the analytics community for over a decade, the company provides the tools necessary for sustainable growth.
The company advocate for founders to access these resources early in their entrepreneurial journey, enhancing their prospects for success. Thus, their mission is to furnish founders with the essential elements required to establish enduring enterprises.
Gilion’s approach integrates forward-looking data and robust analytics capabilities, facilitating unparalleled precision in growth strategies.
Industry: Fintech
Amount raised in 2023: €100M
Trustly
Trustly is a financial technology company that provides online payment solutions.
Founded in 2008 in Sweden, Trustly offers a secure and convenient way for consumers and businesses to make and receive payments directly from their bank accounts. Their services eliminate the need for credit cards or other intermediaries, making transactions faster and more efficient.
Trustly's platform is widely used across various industries, including e-commerce, gaming, and financial services.
Industry: Fintech
Amount raised in 2023: €88.5M
Mathem
Mathem is an online grocery store founded in 2009. It offers a wide selection of food and household products that customers can conveniently order online and have delivered to their doorstep.
The company focuses on providing fresh and high-quality products, along with excellent customer service and efficient delivery options. Manthem has gained popularity for its user-friendly website and mobile app, making grocery shopping hassle-free for its customers.
Industry: E-commerce
Amount raised in 2023: €88.3M
Aira
Aira offers an inventive and accessible solution that expedites the adoption of clean energy for residential heating. The company’s mission is to empower people to join the clean energy revolution, one home at a time. According to the company, European customers can rely on Aira for complete home energy efficiency solutions utilizing intelligent heat pumps.
The company plans to broaden its range of technologies by integrating solar energy, dynamic energy pricing, and intelligent heat pumps into its portfolio.
Through research and technological progress, Aira aims to streamline the customer journey towards energy optimization, making it more accessible and user-friendly.
Industry: Energy
Amount raised in 2023: €86M
Humble
The Humble Co., a Swedish company with a focus on sustainability, provides eco-conscious and inventive products that promote personal wellness while being gentle with the environment.
The company is dedicated to simplifying the process of selecting sustainable personal care items, catering to mindful individuals seeking to adopt a more environmentally conscious lifestyle.
Every purchase from The Humble Co. contributes to oral health initiatives benefiting underprivileged children. Through the partnership with the Humble Smile Foundation, the company have already implemented projects in 106 communities across 50 countries worldwide, making a positive impact on a global scale.
Industry: Healthtech
Amount raised in 2023: €74.7M
Neko
Founded in 2018, Neko Health is a healthtech company with a mission to revolutionize healthcare by focusing on preventive measures and early detection to promote overall
The company’s vision entails a complete overhaul of the patient experience, integrating cutting-edge sensor technology and artificial intelligence.
Neko has pioneered a novel medical scanning concept, enabling broad and non-invasive health data collection that is both convenient and accessible to the public.
Industry: Healthtech
Amount raised in 2023: €60M
Invoier
Invoier is dedicated to enhancing the competitiveness of small and medium-sized enterprises (SMEs) by transforming the approach to accessing and pricing working capital.
This financial technology firm has pioneered a groundbreaking method for short-term financing through the introduction of the world's first real-time spot market for invoice trading.
Presently, Invoier provides a comprehensive platform for European businesses to streamline direct payments, manage liquidity, and foster growth.
Industry: Fintech
Amount raised in 2023: €58.9M
Brite
Brite Payments is a company specializing in payment technology solutions, offering innovative and secure payment processing services for businesses.
Their focus lies in providing seamless and efficient payment experiences for both merchants and customers.
Through their advanced payment solutions, Brite Payments aims to empower businesses to optimize their payment processes and enhance customer satisfaction.
Industry: Fintech
Amount raised in 2023: €57.1M
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