# Northzone's Investments in Sweden: 22 Startups by Sector (2026) > The 22 startups in Sweden that Northzone has backed, by sector: AI, IT Services and Internet and more. $928M raised. Updated nightly. Source: https://millionrounds.com/portfolio-maps/northzone-investments-sweden (Millionrounds; every figure on the page links to its filing or article) ## AI 5 - [Tandem Health](https://millionrounds.com/company/tandem-health) - [Flower](https://millionrounds.com/company/flower) - [Soundtrack](https://millionrounds.com/company/soundtrack) - [Vionlabs](https://millionrounds.com/company/vionlabs) - [Brickanta](https://millionrounds.com/company/brickanta) ## IT Services 4 - [Universal Avenue](https://millionrounds.com/company/universal-avenue) - [Bloglovin](https://millionrounds.com/company/bloglovin) - [Appear](https://millionrounds.com/company/appear) - [*WI* Wiral Internet Group](https://millionrounds.com/company/wiral-internet-group) ## Internet 3 - [*N* NA-KD](https://millionrounds.com/company/na-kd) - [Fyndiq](https://millionrounds.com/company/fyndiq) - [*S* Sticky](https://millionrounds.com/company/sticky) ## Fintech 3 - [iZettle](https://millionrounds.com/company/izettle) - [Anyfin](https://millionrounds.com/company/anyfin) - [Qapital](https://millionrounds.com/company/qapital) ## E-commerce 3 - [Matsmart](https://millionrounds.com/company/matsmart) - [Depict](https://millionrounds.com/company/depict) - [NA-KD.com](https://millionrounds.com/company/na-kd-com) ## Gaming 2 - [PlayDo](https://millionrounds.com/company/playdo) - [Klang](https://millionrounds.com/company/klang) ## Advertising & Adtech 2 - [Velory](https://millionrounds.com/company/velory) - [*W* Widespace](https://millionrounds.com/company/widespace) ## Segment by segment ### AI 5 startups · $210M raised - [**Tandem Health**](https://millionrounds.com/company/tandem-health) Tandem Health is a Swedish healthtech company founded in 2023, focused on enhancing clinical efficiency through its AI medical ass Sweden $150M - [**Flower**](https://millionrounds.com/company/flower) Developing knowledge and AI to efficiently deploy electricity flexibility Sweden $23M - [**Soundtrack**](https://millionrounds.com/company/soundtrack) Soundtrack, also known as Soundtrack Your Brand, is a leading B2B music streaming service designed for businesses to provide legal Sweden $15M - [**Vionlabs**](https://millionrounds.com/company/vionlabs) Vionlabs is a media technology company based in Stockholm, specializing in AI-powered content intelligence and user experience sol Sweden $14M - [**Brickanta**](https://millionrounds.com/company/brickanta) Brickanta is a Stockholm-based construction technology startup founded in 2025. Sweden $8.0M ### IT Services 4 startups · $34M raised - [**Universal Avenue**](https://millionrounds.com/company/universal-avenue) Universal Avenue develops a B2B commerce platform that connects sellers, buyers and sales partners to increase sales. Sweden $13M - [**Bloglovin**](https://millionrounds.com/company/bloglovin) BLOGLOVIN' is the premier destination for readers and publishers to discover and consume their favorite blog content by their most Sweden $11M - [**Appear**](https://millionrounds.com/company/appear) Appear is a rapidly growing company that is in innovation and design, offering the newest and coolest products. Sweden $7.3M - [*WI* **Wiral Internet Group**](https://millionrounds.com/company/wiral-internet-group) Wiral Internet Group develops and owns web applications and sites such as PriceRunner and TestFreaks. Sweden $3.0M ### Internet 3 startups · $96M raised - [*N* **NA-KD**](https://millionrounds.com/company/na-kd) Sweden $60M - [**Fyndiq**](https://millionrounds.com/company/fyndiq) Fyndiq is an e-commerce platform offers a range of products for bargain hungry shoppers. Sweden $25M - [*S* **Sticky**](https://millionrounds.com/company/sticky) Sticky is a dynamic conversation platform for activating online community, contextual self-service help, and sales/marketing engag Sweden $11M ### Fintech 3 startups · $507M raised - [**iZettle**](https://millionrounds.com/company/izettle) Zettle by PayPal is on a mission to help small businesses succeed in a world of giants. Sweden $391M - [**Anyfin**](https://millionrounds.com/company/anyfin) Anyfin is a fintech company based in Stockholm, founded in 2017. Sweden $73M - [**Qapital**](https://millionrounds.com/company/qapital) We are not your ordinary investor. Sweden $44M ### E-commerce 3 startups · $64M raised - [**Matsmart**](https://millionrounds.com/company/matsmart) Matsmart sells surplus food and consumer products that would otherwise have been at risk of being thrown away, helping reduce food waste. Sweden $44M - [**Depict**](https://millionrounds.com/company/depict) Depict is a Stockholm-based AI-driven merchandising platform founded in 2019. Sweden $17M - [**NA-KD.com**](https://millionrounds.com/company/na-kd-com) NA-KD.com is a Swedish fashion e-commerce company. Sweden $2.4M ### Gaming 2 startups · $5.8M raised - [**PlayDo**](https://millionrounds.com/company/playdo) Playdo is a creative gaming studio producing social multi-player games with high safety and security standards. Sweden $4.3M - [**Klang**](https://millionrounds.com/company/klang) They believe that a high quality and transparent monitor sound is the key to good live performances Sweden $1.5M ### Advertising & Adtech 2 startups · $11M raised - [**Velory**](https://millionrounds.com/company/velory) Velory is an IT Lifecycle Management Platform based in Stockholm, Sweden, founded in 2020. Sweden $7.0M - [*W* **Widespace**](https://millionrounds.com/company/widespace) Mobile Widespace is an advertising company that sells ads over mobile devices. Sweden $3.7M **How this map is made.** Every startup here has raised money in a round we track that names Northzone as an investor and is based in Sweden. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Investments abroad **Northzone's investments in the United States** 24 startups · $1.1B](https://millionrounds.com/portfolio-maps/northzone-investments-united-states)[Portfolio map **Northzone portfolio map** 98 startups · $6.9B](https://millionrounds.com/portfolio-maps/northzone-portfolio-map)[Co-investors **Who invests with Northzone** 91 co-investors](https://millionrounds.com/portfolio-maps/northzone-co-investors)[Sector portfolio **Northzone's AI portfolio** 26 startups · $1.3B](https://millionrounds.com/portfolio-maps/northzone-ai-portfolio)[Sector portfolio **Northzone's Fintech portfolio** 18 startups · $1.7B](https://millionrounds.com/portfolio-maps/northzone-fintech-portfolio)[Investments abroad **Index Ventures' investments in the United States** 217 startups · $50B](https://millionrounds.com/portfolio-maps/index-ventures-investments-united-states) ## Raising from investors like Northzone? 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