The Hottest Startups in Stockholm

economy

Climate fintech Doconomy calculates the environmental cost of each purchase on its DO credit card. Through its API, each transaction is presented in krona and a carbon footprint rating based on the company or merchant category. But the technology’s purpose isn’t just to raise awareness: its applications also enable customers to take action to provide carbon offset options and donations to sustainable development projects around the world.

Doconomy’s technology is integrated into Mastercard’s global network; its Impact API now processes data from more than 2 billion transactions, reaching more than 750 million users. It was founded in 2018 by Mathias Wikström and Johan Pihl with a total funding of £15.5 million (about $17.4 million). “Ultimately, it’s about uncovering blind spots of impact,” Wikström said. “We’re making sure we help facilitate emissions reductions by individuals and businesses in line with net-zero targets.” Economic Net

cling system

William Bergh had the idea to develop a trading platform for used electric vehicle batteries while completing his master’s thesis involving research at Stockholm-based sustainable battery manufacturer Northvolt. “I see a gap in the market: It’s not clear what the battery will actually be used for in existing systems,” Bergh said. Founded in 2020, Cling Systems connects ecosystems to ensure batteries are reused, repurposed and recycled. In a seed round in January, it raised £1.7 million ($1.9 million) to help build a real-time map of used batteries to ensure maximum commercial and environmental benefit. Its existing supply includes 2,500 batteries from more than 50 sellers in Northern Europe and the Netherlands. stickysystem.com

remind

This digital therapy service connects patients with mental health professionals with just a few taps of a screen. Mindler has received more than 375,000 visits from digital psychologists since its launch in 2018; video call sessions combined with in-app therapy programs. Its popularity soared during the Covid lockdown, with monthly active users more than tripling to 13,000 since the pandemic. Founded by doctor Rickard Lagerqvist and psychologists Rickard Färdig and Johannes Hatem, it has since expanded to four other markets – including the UK – and raised nearly £34 million ($38 million) in funding. mindlercare.com

climate view

From Malmo to Dundee, from Cincinnati to Nottingham, ClimateView helps cities around the world achieve net-zero emissions through its ClimateOS platform. In the transition to a zero-carbon economy, local authorities manage, track and execute data-led climate action plans. “Cities need better intelligence to make collaborative climate decisions,” explains ClimateView co-founder Tomer Shalit. As a former IT consultant, he has provided agile solutions for banks and insurance companies. “If they use these methods to solve complex problems effectively, why not apply them to the problems that matter most?” It was founded with Jeff Goens and Einar Bodstrom and recently raised a £8.6 million ($9.7 million) Series A financing. climate view global

pocket method

Former M&A lawyer Kira Unger and former McKinsey consultant Olga Beck-Friis founded legal tech startup PocketLaw in 2018 to cut through the red tape that often plagues small and medium businesses. Its contract creation and management platform, now used by more than 6,000 companies, eases the burden of day-to-day legal needs by digitizing daily paperwork. Since its launch in 2020, PocketLaw has quadrupled in size year after year. It also opened a London office, with a team of lawyers adapting technology to the nuances of UK company law. In May, it raised £8.5 million ($9.6 million) in a Series A funding round. Pocket Legal Network

Ariel

Ellure’s cosmetic IoT 3D printer is capable of designing, formulating and manufacturing lipsticks on demand in minutes. Not only does this mean there are 10,000 shades to choose from, but the waste and overproduction common in the beauty industry is drastically reduced – for example, the applicator top is 3D printed from a corn-based material. “Our research shows that 7% of makeup and 14% of lipsticks are not sold in retail stores because customer demand cannot be estimated with complete accuracy,” explains co-founder Selah Rui Li, who worked with Marc van Almkerk in 2019 founded this startup. After a small pilot in the U.S. and funding from the European Institute of Innovation and Technology, Ellure is moving toward its first product launch this year. ellure.io

Go to work

Dework is touted as the LinkedIn of Web3: a decentralized job market for crypto and blockchain workers. Founded by Lonis Hamaii and David Fant, the collaboration tool enables decentralized autonomous organizations to recruit, organize teams, manage projects, and pay contributors using native tokens. Instead, contributors can connect their personal Discord accounts to the platform, build profiles, and sign smart contracts that match their skill sets. The platform, which has just completed a pre-seed funding round of £4 million ($4.5 million) led by Paradigm and Pace Capital and joined by former Coinbase CTO Balaji Srinivasan, already has 11,000 users following its launch in December 2021. go to work.xyz

validity

Data engineering is often a complex business. Validio helps strip it out. Its platform enables one-person teams to have the capabilities of the Silicon Valley giants: through machine learning technology, unknown data failures can be easily caught and data quality can be automatically verified. It was founded in 2019 by Patrik Tran, Urban Eriksson and Oliver Molander and is now a Google Cloud Build Partner. Validio’s clients include Stockholm-based e-scooter startup Voi and digital e-commerce company Tibber. In June, it raised £12.2 million ($13.8 million) in seed funding led by Lakestar, an early backer of companies including Spotify and Revolut. Among angel investors? Swedish football legend Zlatan Ibrahimovic. effectiveness.io