The most important startups in Stockholm

Johan Pihl and Mathias Wikstöm, founders of Climate fintech Doconomy.Photography: Christopher Hunt


Climate fintech Doconomy calculates the environmental cost of every purchase made with their DO credit card. Each transaction is provided through its own API, and each transaction is presented in krona and carbon-footprint rating based on the category of company or merchant. But this technology aims to do more than just raise awareness: The app also lets customers take action, offering carbon offset options and donations toward global sustainability projects.

Doconomy technology is integrated across the global Mastercard network; Impact API has now processed data from more than 2 billion transactions, reaching more than 750 million users. It was founded by Matthias Wikström and Johann Bell in 2018, with a total funding of 15.5 million pounds (about 17.4 million dollars). “Ultimately it’s about uncovering the blind spots of influence,” says Wikström. “We are making sure we are helping to facilitate reduction in line with our net-zero targets, for both individuals and businesses.”

Cling أنظمة Systems

William Bergh had the idea to develop a trading platform for used electric car batteries while completing his master’s thesis, which included research at Stockholm-based sustainable battery manufacturer Northvolt. “I saw a gap in the market: There was no clarity on where the batteries actually end up with the current systems,” Berg says. Founded in 2020, Cling Systems connects the ecosystem to ensure batteries are reused, reused and recycled. In a pre-incorporation funding round in January, it raised £1.7 million (about $1.9 million) to help build a real-time map of the batteries in use to ensure maximum commercial and environmental benefits. The current offer includes 2,500 batteries from more than 50 vendors in the Nordic countries and the Netherlands.


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 hosted more than 375,000 visits to a digital psychiatrist; Video call sessions are integrated with treatment plans within the app. Its popularity has soared during Covid lockdowns, as the number of monthly active users has more than quadrupled to 13,000 since the pandemic. It was co-founded by physician Rijkaard Lagerqvist and psychologists Ricard Vardig and Johannes Hatem, and has since expanded into four other markets – including the UK – and raised nearly £34 million (about $38 million) in funding.

Climate View

From Malmo to Dundee, Cincinnati to Nottingham, Climate View helps cities around the world reach net zero through its platform, Climatetus. Local authorities manage, track and then implement data-driven climate action plans in the transition towards carbon-neutral economies. “Cities need better intelligence to make collaborative climate decisions,” explains Tomer Shalit, co-founder of ClimateView. As a former IT consultant, he previously provided agile solutions to banks and insurance companies. “If they are using these methods to effectively solve complex problems, why not apply them to the most important problem of all?” Founded alongside Jeff Goens and Einar Bodstrom, it recently raised 8.6 million pounds ($9.7 million) from the first round.


Former M&A lawyer Kira Unger and former McKinsey consultant Olga Beck-Fries launched legal tech startup PocketLaw in 2018 to navigate the red tape that often ensnares small and medium-sized businesses. Its contract creation and management platform is now used by more than 6000 companies, easing the burden of day-to-day legal needs by digitizing everyday paperwork. Since its launch in 2020, PocketLaw has quadrupled in size year after year. It also opened an office in London, with a team of lawyers to adapt the technology to the nuances of UK corporate law. In May, it raised £8.5 million ($9.6 million) in Series A funding.

Selah Rui Li and Marc van Almkerk, founders of Ellure.Photography: Christopher Hunt


Ellure’s IoT-enabled 3D cosmetic printers are capable of designing, crafting, and manufacturing lipsticks on demand in minutes. Not only does this mean 10,000 colors to choose from, but the waste and overproduction typically found in the beauty industry is greatly reduced – for example, applicator caps are 3D printed from atom-based materials. Co-founder Selah Rui Li, who launched the startup in 2019 alongside Marc van Almkerk, explains: “Our research shows that 7 percent of cosmetics and 14 percent of lipsticks are not sold at retail because customer demand cannot be estimated with complete accuracy. “. After a small-scale pilot trial in the US and funding from the European Institute of Innovation and Technology, Ellure is heading towards launching its first product this year.

the work

Dework has been described as LinkedIn for Web3: a decentralized job market for cryptocurrency and blockchain workers. The collaboration tool, founded by Lonis Hamili and David Fant, enables decentralized autonomous organizations to recruit, organize teams, manage projects, and pay contributors using native tokens. Conversely, contributors can link their personal Discord account to the platform, create a profile, and sign smart contracts that match their skills. After an initial funding round of 4 million pounds ($4.5 million) led by Paradigm and Pace Capital and joined by former Coinbase technical director Balaji Srinivasan, the platform already has 11,000 users after its launch in December 2021.


Data engineering is usually a complex business. Validio helps strip that back. Its platform enables even one-person teams to have capabilities akin to a Silicon Valley giant: Through machine learning technology, unknown data failures can easily be detected and data quality can be checked automatically. Founded by Patrik Tran, Urban Eriksson and Oliver Molander in 2019, it is now a Google Cloud build partner. Validio’s clients include Stockholm escooter startup Voi and digital electricity supplier Tibber. In June, it raised 12.2 million pounds (about $13.8 million) in seed funding led by Laquistar, an early backer of the likes of Spotify and Revolut. Among angel investors? Swedish football legend Zlatan Ibrahimovic.

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