Stockholm Startups to Watch in 2027: Verified Swedish Companies in AI, Health, Mobility, Green Steel and Biotech
Stockholm is the base of some of Europe's fastest-growing young companies: AI tools that let anyone build software, AI for lawyers, preventive health scans, driverless electric trucks and a green steel plant under construction in the north of Sweden. The 2026 version of this article listed ten names. When we checked them, one had moved its headquarters to California, one had been renamed, one company's website did not load and two others could not be confirmed as active. For this 2027 edition we started again: in November 2026 we checked each company on its own website or in its own press releases to confirm that it still operates, that it is based in Stockholm (or Solna, in the Stockholm area), what it sells and what it publishes about its funding. What happened to the old names is listed near the end.
Quick answer: the Stockholm startups to watch in 2027 are Lovable (build apps by chatting with AI), Legora (AI for legal work), Neko Health (one-hour preventive health scans), Einride (electric and driverless trucks), Voi (shared e-scooters and e-bikes), Kry (digital-first healthcare), Stegra (green steel, formerly H2 Green Steel), Elypta (cancer risk tests), EnginZyme (enzyme-based manufacturing) and Scrintal (visual note-taking). The biggest published rounds in 2026 were Neko Health's $700 million Series C, Legora's $550 million Series E and Lovable's $400 million Series C. For support, start with Vinnova, Almi, KTH Innovation, Sting and Norrsken House.
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Why Stockholm Matters for Founders in 2027
Three things stand out in this list. First, AI companies founded only a few years ago are now raising some of the largest rounds in Europe, and Lovable calls Stockholm its first engineering hub and Legora says its technical team is based in Sweden. Second, Stockholm founders keep building in health: Neko Health, Kry and Elypta all sell or develop medical services. Third, the city is home to companies that need heavy industry and long build times, such as Stegra's steel plant in Boden and Einride's freight network. We left out the old article's unsourced unicorn counts and ecosystem rankings; every figure below comes from the company's own website or release.
To compare Stockholm with its neighbours, read our lists for Malmö in southern Sweden, Bergen and Trondheim in Norway, and further south Berlin, Munich, Lisbon and Zurich.
Stockholm Startups to Watch in 2027 Compared
Sources: each company's official website, investor page or own press release, checked 8 November 2026.
The Stockholm Startups to Watch in 2027
1. Lovable: software built by chatting with AI
Lovable lets people describe an app or website in plain language and have AI build it, then add features such as payments and integrations with tools like Google Workspace, Microsoft 365, Salesforce and Stripe. In its Series C announcement, published on 12 August 2026, Lovable said it raised $400 million at a $13.3 billion valuation, led by Menlo Ventures and co-led by the Scaleup Europe Fund managed by EQT. The same post says that since its launch in November 2024 people have created more than 60 million projects, that Lovable-built apps get more than 900 million visits a month, and that its previous round was a Series B in December 2025. In October 2026 it opened its first London office, which it calls its second engineering, product and design hub after Stockholm.
Lesson for founders: Lovable sells to people who are not programmers. A product that turns a large group of non-users into users can grow faster than one that serves existing experts a little better.
Best for: founders building AI tools, no-code products and developer platforms.
2. Legora: an AI operating system for legal work
Legora sells collaborative AI to law firms and in-house legal teams: an agent that plans and carries out multi-step legal work, monitors for regulatory change and lists that organise matters, all inside what it calls the Legora aOS. Its Series E release, datelined New York and Stockholm on 21 October 2026, announced $550 million at an $8.8 billion post-money valuation, led by Atreides Management. It says Legora was founded in 2023, launched its platform in October 2024, has passed $200 million in annual recurring revenue and has more than 1,000 employees across 18 offices. The US is now its largest market by revenue, and its site says its technical team is based in Sweden.
Lesson for founders: Legora picked one profession with expensive hours and a lot of documents. Narrow, high-value customers can pay for an AI product long before a general one finds its market.
Best for: founders in legal tech, vertical AI and B2B software for professional services.
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3. Neko Health: a one-hour preventive health scan
Neko Health offers a one-hour body scan that checks skin, heart, blood and circulation, with results explained by a clinician in the same visit; its UK page lists the scan at £299 including follow-up. Its about page says it was established in Stockholm in 2018 by Spotify founder Daniel Ek and Hjalmar Nilsonne, and that every Neko device is designed, engineered and assembled in its Stockholm facility. In its Series C release of 15 July 2026 it announced $700 million led by Lightspeed Venture Partners, after a $260 million Series B in January 2025, and said more than 100,000 people in the UK and Sweden have had a scan. It has clinics in Stockholm, London, Birmingham and Manchester, opened in New York in September 2026, and said in October 2026 that the Miami area would follow in December.
Lesson for founders: Neko builds its own devices, software and clinics. Owning the whole experience is expensive, but it lets a company change the product quickly and control quality.
Best for: founders in health tech, medical devices and consumer health services.
4. Einride: electric and driverless trucks
Einride runs road freight with electric trucks and cabless autonomous trucks, plus charging and a software platform called Saga that plans and monitors the fleet. Its investor page says Einride was incorporated in February 2016, has its corporate headquarters in Stockholm and a US headquarters in Austin, and that its shares (ADSs) have traded on the Nasdaq under the symbol ENRD since 10 June 2026. It says it is live in Europe, the US and the Middle East, and in October 2026 announced driverless electric trucks moving freight daily on Ohio roads with EASE Logistics. This is a company profile, not investment advice.
Lesson for founders: Einride sells freight as a service rather than selling trucks. Customers buy a result they already pay for, delivered goods, while the startup carries the technology risk.
Best for: founders in logistics, autonomous vehicles and climate tech.
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5. Voi: shared e-scooters and e-bikes
Voi rents shared e-scooters and e-bikes through its app and works with cities on parking and safety rules. In its full-year 2025 report published on 18 February 2026, Voi reported net revenue of EUR 178.2 million for 2025, up 34%, adjusted EBITDA of EUR 29.3 million and more than 115 million trips. Its third-quarter 2026 report says riders took 53 million rides in that quarter and that Voi operates more than 200,000 vehicles in more than 130 towns and cities across 13 countries, is headquartered in Stockholm and employs about 1,000 people.
Lesson for founders: Voi now leads its reports with revenue, EBITDA and cash flow from operations. In a crowded market, showing that each vehicle earns more than it costs is what keeps investors and cities on board.
Best for: founders in mobility, marketplaces and city services.
6. Kry: digital-first healthcare (Livi is now Kry)
Kry gives patients appointments with doctors, nurses, psychologists and physiotherapists by chat, video or in its own clinics. Its Swedish site lists 34 primary care centres and 14 million care appointments, and its UK site says "Livi is now Kry", that it has more than 5,000 healthcare professionals, and that the service is run by KRY International AB (publ), Torsgatan 21, Stockholm. Kry describes itself as Europe's largest digital-first healthcare provider. It does not publish funding figures on its site, so we cite none.
Lesson for founders: Kry started with video appointments and then opened physical clinics. Digital products in regulated services often need a physical layer to deliver complete care.
Best for: founders in telehealth and health services.
7. Stegra: green steel (formerly H2 Green Steel)
Stegra is building an integrated plant in Boden, in northern Sweden, that uses green hydrogen made with renewable electricity to produce iron and near-zero emission steel. The company was called H2 Green Steel until September 2024. Its site gives its address as Norra Stationsgatan 93A, Stockholm, and its news timeline says the plant's DRI tower reached its final height of 145 metres in July 2026 and that it announced the closing of a €1.4 billion financing round in June 2026. The plant was still under construction when we checked, so the steel is not in commercial production yet.
Lesson for founders: Stegra signed long-term renewable power contracts and raised financing in several rounds before its plant was finished. In heavy industry, securing inputs and money early is what makes a first plant possible.
Best for: founders in climate tech, materials and industrial decarbonisation.
8. Elypta: tests for cancer risk
Elypta measures glycosaminoglycans, the "GAGome", in blood and urine to estimate who is at higher risk of cancer, so screening and follow-up can focus on them. Its site gives Elypta AB at Scheeles väg 3 in Solna, in the Stockholm area, and says it is certified to ISO 13485:2016 for in vitro diagnostic test kits. Its news page shows recent work: in August 2026 it reported validation results in monitoring kidney cancer recurrence, and in October 2026 it launched a MIRAM GAGome Kit for urine analysis. It does not publish funding figures on its site.
Lesson for founders: Elypta sells research kits while its clinical tests move through studies. A side product for researchers can bring in revenue and data during a long regulatory road.
Best for: founders in diagnostics and biotech.
9. EnginZyme: enzymes instead of heat and harsh chemicals
EnginZyme makes chemical manufacturing cleaner by using enzymes fixed onto a patented material, so reactions run without living organisms and with less energy. Its site says its story began in 2014 with this enzyme immobilisation technology and gives its address as Tomtebodavägen 6 in Solna. In a May 2025 release it named Aymeric de Gantès chief executive, with founder Karim Engelmark Cassimjee becoming chief of innovation, as it moves into a growth phase. It does not publish funding figures on its site.
Lesson for founders: EnginZyme brought in a chief executive with technology-to-market experience while the founder kept leading innovation. Deep tech companies often change leadership roles as they move from lab to sales.
Best for: founders in industrial biotech and green chemistry.
10. Scrintal: visual notes and an AI research assistant
Scrintal is a visual note-taking tool that lets students, researchers and writers lay out notes and sources as cards on a board. Its site gives Scrintal Labs AB at St. Eriksgatan 63A, Stockholm, and now promotes Gobu, its AI research and writing assistant for factual writers, available on its own and as a Word add-in. It does not publish funding figures on its site.
Lesson for founders: Scrintal took what its users already did in its main product, reading and understanding sources, and built a separate AI product around it. A second product can grow from the most valuable step in the first one.
Best for: founders in productivity, edtech and research tools.
Where Stockholm Startups Get Support
- Vinnova: Sweden's innovation agency funds innovation projects, has a dedicated area for incubation, startups and scaleups, and publishes calls for proposals throughout the year.
- Almi: offers loans, venture capital and business development for small and medium-sized companies in Sweden, including green loans for sustainable investments.
- KTH Innovation: the Royal Institute of Technology's innovation office helps researchers, students and staff develop ideas, with coaching, funding advice, patent support and programmes such as KTH Innovation Launch and the Pioneer, Discovery, Mentor and Brighter programmes.
- Sting: a Stockholm accelerator whose flagship Sting Core programme runs for six months, with earlier-stage options (Pre-Sting, an online Startup Academy, open coaching sessions and Test Drive workshops) and a focus on health, climate, society and deep tech.
- Norrsken House Stockholm: a workspace and community for impact entrepreneurs, with about 400 members, event spaces and a calendar of events.
- Startup People (formerly SUP46): the old SUP46 web address now forwards to Startup People, an online community platform for founders with an investor database, member directory and perks; signing up is free and Premium costs 149 kr a month.
If you plan to visit, our guides to startup events in Stockholm and startup events in Sweden list where founders and investors meet.
Stockholm Companies From the Old List That Changed or Could Not Be Verified
The 2026 version of this article listed ten names. Here is what we found when we checked each one in November 2026:
- Kept: Voi, Kry, Elypta, EnginZyme and Scrintal still operate and give a Stockholm or Solna address or headquarters.
- GreenSteel by H2 Green: the company is now called Stegra and stays on the list under its new name.
- KRY (Livi): Livi was Kry's brand in the UK; the UK site now says Livi is Kry, so we use Kry.
- Heart Aerospace: the electric aircraft maker's own site now gives its address in Torrance, California, so it left the Stockholm list.
- Furhat Robotics: its main website did not load when we checked, and only its developer site answered, so we could not confirm what it sells today and left it out.
- Focalpay: its site is still online with a Stockholm address, but the newest item in its news section is from October 2024, so we could not confirm recent activity and left it out.
- Growloop: we found no working official website, so we removed it.
We also removed the old article's links to third-party startup rankings and directories, its unsourced claims and its general marketing sections, and used each company's own figures instead.
Which Stockholm Startup Should You Learn From?
- You build with AI: study Lovable for opening software creation to non-programmers and Legora for picking one high-value profession.
- You build in health: study Neko Health for owning devices, software and clinics, Kry for adding clinics to a digital service, and Elypta for funding a long diagnostic road with research kits.
- You build for cities or transport: study Voi for proving unit economics and Einride for selling freight as a service.
- You build hard tech or climate tech: study Stegra for lining up customers and financing before production and EnginZyme for moving from lab to market.
- You build a small software product: study Scrintal for growing a second product out of the first.
- You are just starting: look at Sting's early programmes and Norrsken House; if your idea comes from KTH, talk to KTH Innovation; for funding, check Vinnova and Almi.
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How Founders Use Stockholm's Startup Scene
Notice the two paths here. AI companies like Lovable and Legora raised large rounds quickly and opened offices abroad within a few years, while health and industrial companies like Neko Health, Stegra and EnginZyme combined research, large rounds and long build times. Plan your own path before you raise. Compare programmes in our guides to startup incubators in Europe, AI accelerators in Europe and accelerators for female entrepreneurs in Europe, and see where research-heavy companies cluster in our guides to deep tech cities in Europe and the top cities for AI startups in Europe.
For money, see grants for early-stage startups in Europe, grants for female entrepreneurs in Europe, angel investors for early-stage startups in Europe, AI VCs in Europe and deep tech VCs in Europe. If you are still choosing a base, compare Sweden with other options in our guides to the best countries for startups in Europe and the best countries for AI startups in Europe.
Before you copy any of these business models, validate your startup idea with real customers. Then make your startup easy to find: list it in the F/MS marketing directories, publish your startup press release, and write about your product with the F/MS AI SEO Tool or the AI SEO Blog so customers, investors and AI assistants can find you.
FAQ About Stockholm Startups to Watch in 2027
Which Stockholm startups should I watch in 2027?
Our verified list: Lovable, Legora, Neko Health, Einride, Voi, Kry, Stegra, Elypta, EnginZyme and Scrintal. Each still operates and gives a Stockholm or Solna base on its own site or in its own releases, checked in November 2026.
Which Stockholm startup raised the most money in 2026?
Of the rounds the companies announced themselves, the largest was Neko Health's $700 million Series C in July 2026, followed by Legora's $550 million Series E in October 2026 and Lovable's $400 million Series C in August 2026. Stegra closed a €1.4 billion financing round for its steel plant in June 2026.
Is Lovable a Swedish company?
Yes. Lovable calls Stockholm its first engineering, product and design hub; its London office, opened in October 2026, is its second. It launched in November 2024.
Who founded Neko Health?
Spotify founder Daniel Ek and Hjalmar Nilsonne. Neko Health says it was established in Stockholm in 2018 and builds its scanning devices in its Stockholm facility.
Is Einride a public company now?
Yes. Einride's investor page says its shares (ADSs) have traded on the Nasdaq under the symbol ENRD since 10 June 2026. Its corporate headquarters are in Stockholm.
What happened to H2 Green Steel?
It changed its name to Stegra in September 2024. Stegra is based in Stockholm and is building its green steel, iron and hydrogen plant in Boden, which was still under construction when we checked.
Is Heart Aerospace still a Stockholm startup?
No longer by address: its own site now gives Torrance, California. We removed it from this Stockholm list.
Where can founders in Stockholm get support?
Vinnova for innovation funding, Almi for loans and venture capital, KTH Innovation for KTH researchers and students, Sting for acceleration, and Norrsken House Stockholm for workspace and an impact-founder community.
Where can I find startup events in Stockholm?
Our guides to startup events in Stockholm and startup events in Sweden list the conferences and meetups where founders and investors meet.
Where can I get a backlink by writing about my startup?
You can publish a guest post in one of the Fe/male Switch startup blogs, which rank in Google and in AI tools. Get a quality backlink.
About the Author
Violetta Bonenkamp, also known as MeanCEO, is an experienced startup founder with an impressive educational background including an MBA and four other higher education degrees. She has over 20 years of work experience across multiple countries, including 5 years as a solopreneur and serial entrepreneur. Throughout her startup experience she has applied for multiple startup grants at the EU level, in the Netherlands and Malta, and her startups received quite a few of those. She’s been living, studying and working in many countries around the globe and her extensive multicultural experience has influenced her immensely.
