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The Hottest Startups in Stockholm

by Ozva Admin

Johan Pihl and Mathias Wikstöm, co-founders of climate fintech Doconomy.Cinematography: Christopher Hunt

Doconomy

Climate fintech Doconomy calculates the environmental cost of each purchase made with its DO credit card. Fed through their API, each transaction is presented in both crowns and a carbon footprint rating based on business or merchant category. But the technology aims to do more than raise awareness: Its app also enables customers to take action, offering carbon offset options and donations for global sustainability projects.

Doconomy’s technology has been integrated into the global Mastercard network; its Impact API has now processed data from over 2 billion transactions, reaching over 750 million users. Founded by Mathias Wikström and Johan Pihl in 2018, it has a total of £15.5 million (around $17.4 million) in funding. “Ultimately, it’s about revealing the blind spots of the impact,” says Wikström. “We make sure to help facilitate reduction in line with net zero goals, both for individuals and corporations.” doconomy.com

Adherence systems

William Bergh had the idea to develop a commercial platform for used EV batteries while completing his master’s thesis, which involved research at Stockholm-based sustainable battery manufacturer Northvolt. “I saw a gap in the market: There was no clarity about where batteries actually ended up with existing systems,” says Bergh. Cling Systems, founded in 2020, connects the ecosystem to ensure that batteries are reused, reused and recycled. In a pre-seed funding round from January, it raised £1.7 million (about $1.9 million) to help build a real-time map of used batteries to ensure maximum business and environmental benefits. Their current supply includes 2,500 batteries from over 50 vendors in the Nordic countries and the Netherlands. clingsystems.com

carer

This digital therapy service connects patients with mental health professionals with just a few taps on the screen. Since its launch in 2018, Mindler has received more than 375,000 visits from digital psychologists; Video call sessions are combined with treatment plans in the app. Its popularity increased during the Covid lockdowns, with monthly active users quadrupling to 13,000 since the pandemic. Co-founded by physician Rickard Lagerqvist and psychologists Rickard Färdig and Johannes Hatem, it has since expanded to four more markets, including the UK, and has raised almost £34 million (about $38 million) in funding. mindlercare.com

WeatherView

From Malmö to Dundee, Cincinnati to Nottingham, ClimateView helps cities around the world achieve net zero through its ClimateOS platform. Local authorities manage, track and then execute data-driven climate action plans in the transition to carbon-free economies. “Cities need better intelligence to make collaborative climate decisions,” explains Tomer Shalit, co-founder of ClimateView. A former IT consultant, he previously provided agile solutions to banks and insurance companies. “If they use these methods to solve complex problems effectively, why not apply them to the most important problem of all?” Founded with Jeff Goens and Einar Bodstrom, it recently raised an £8.6 million ($9.7 million) Series A round. global.weatherview

pocket law

Former M&A attorney Kira Unger and former McKinsey consultant Olga Beck-Friis launched legal tech startup PocketLaw in 2018 to cut through the red tape that often traps small and medium-sized businesses. Its contract creation and management platform is now used by over 6,000 businesses, easing the burden of daily legal needs by digitizing daily paperwork. Since its launch in 2020, PocketLaw has quadrupled in size year over year. It also opened an office in London, with a team of lawyers adapting the technology to the nuances of UK company law. In May, he raised £8.5 million ($9.6 million) in Series A funding. pocketlaw.com

Selah Rui Li and Marc van Almkerk, co-founders of Ellure.Cinematography: Christopher Hunt

Ellure

Ellure’s IoT-enabled cosmetic 3D printers can design, formulate, and manufacture lipstick on demand in minutes. That not only means 10,000 shades to choose from, but it also dramatically reduces the waste and overproduction normally found in the beauty industry: applicator tips, for example, are 3D printed from carbon-based materials. corn. “Our research shows that 7% of cosmetics and 14% of lipsticks are not sold at retail because customer demand cannot be estimated with full accuracy,” explains co-founder Selah Rui Li, who launched the startup in 2019 together with Marc van Almkerk. After a small-scale pilot in the US and funding from the European Institute of Innovation and Technology, Ellure is moving toward launching its first product this year. ellure.io

roughing

Dework has been touted as the LinkedIn for Web3: a decentralized job marketplace for temporary cryptocurrency and blockchain workers. Founded by Lonis Haili and David Fant, the collaboration tool enables decentralized autonomous organizations to recruit, organize teams, manage projects, and pay contributors with native tokens. Rather, collaborators can connect their personal Discord account to the platform, create a profile, and sign smart contracts that match their skills. Fresh off a £4 million ($4.5 million) pre-seed funding round led by Paradigm and Pace Capital and joined by former Coinbase CTO Balaji Srinivasan, the platform already has 11,000 users after its launch in December 2021. dework.xyz

valid

Data engineering is often a complex business. Validio helps eliminate that. Its platform enables even one-man teams to have capabilities closer to a Silicon Valley giant: through machine learning technology, unknown data flaws can be easily detected and data quality can be automatically validated. . Founded by Patrik Tran, Urban Eriksson, and Oliver Molander in 2019, it is now a Google Cloud Creation Partner. Validio’s clients include Stockholm scooter startup Voi and digital electricity provider Tibber. In June, it raised £12.2m (about $13.8m) in seed funding led by Lakestar, an early backer of Spotify and Revolut. Among angel investors? Swedish soccer legend Zlatan Ibrahimović. validio.io

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