last highlighted date: 2024-10-15
Highlights
- The Swedish capital produced Skype, Spotify, Klarna and Minecraft—its stars of the future are building fintech for businesses, GenAI for lawyers, and full-body health care scans.
- Ben Eliass, CEO of bodycare brand Estrid. “It’s a nation which put emphasis on high-quality education and invested heavily in telecoms infrastructure in the nineties, so we all grew up with high-speed internet.”
- Sweden has now produced more unicorns per capita than any other country in Europe, except for Estonia, earning a reputation as the Silicon Valley of Europe“Stockholm has a truly unique ecosystem where you can stand on the shoulders of giants,” says Colin Treseler, CEO of Supernormal.
- Leya has developed a GenAI platform that automates repetitive and manual tasks done by lawyers. “We saw firsthand how lawyers struggled with text and admin-heavy tasks such as filling in templates and extracting information from a large number of documents,” says CEO Max Junestrand.
- “Unlike other AI tools that can code, which can take hours to generate results, Lovable gives people instant feedback and allows for rapid iteration,” Osika says. Launched in 2023, the startup currently has more than 2,000 users and a waitlist of 27,000 people from over 154 countries.
- In January 2024, cleantech startup H2 Green Steel raised €4.75 billion to complete its flagship project in Boden, a city in north Sweden: the world’s first large-scale green steel plant. Due to its reliance on coal, standard steel production is responsible for up to 9 percent of global carbon dioxide emissions. Founded in 2020, H2 Green Steel aims to decarbonize steelmaking by using hydrogen gas, which produces water vapor rather than carbon dioxide. The Boden plant is due to begin iron production by 2026, and expects to supply about 5 million tonnes of the metal by 2030. Clients include automakers BMW, Porsche and Volvo. h2greensteel.com
- Since its launch in 2023, nearly 5,000 people have visited Neko’s health center in Stockholm. Inside the clinic, they underwent a $230 non-invasive full-body scan in less than an hour that checked for signs of potential skin, metabolic and cardiovascular diseases.