# Top 50 Biotech Startups in Sweden by Funding (2026)

> The 50 best-funded biotech startups in Sweden, ranked by total funding raised: $3.0B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/biotech-startups-sweden (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Neko Health** Neko Health is a health-tech company based in Stockholm, Sweden, founded in 2018 by Daniel Ek and Hjalmar Nilsonne.](https://millionrounds.com/company/neko-health) Neko Health is a health-tech company based in Stockholm, Sweden, founded in 2018 by Daniel Ek and Hjalmar Nilsonne. *Founded* 2018 Stockholm, Sweden **$1.7B** last round Sept 2026
- 2 [**Kry** Kry is a leading digital healthcare provider based in Sweden, founded in 2015 by Johannes Schildt.](https://millionrounds.com/company/kry) Kry is a leading digital healthcare provider based in Sweden, founded in 2015 by Johannes Schildt. *Founded* 2015 Stockholm, Sweden **$249M** last round Jul 2022
- 3 [**Aira**](https://millionrounds.com/company/aira) *Founded* - Sweden **$174M** last round Aug 2025
- 4 [**OxThera**](https://millionrounds.com/company/oxthera) *Founded* - Sweden **$87M** last round Nov 2016
- 5 [**Anocca** Anocca is a clinical-stage biopharmaceutical company based in Södertälje, Sweden, focused on developing precision T-cell receptor-engineered T cell (TCR-T) ther](https://millionrounds.com/company/anocca) Anocca is a clinical-stage biopharmaceutical company based in Södertälje, Sweden, focused on developing precision T-cell receptor-engineered T cell (TCR-T) ther *Founded* 2014 Södertälje, Sweden **$83M** last round Aug 2025
- 6 [**ITBMed** A Stockholm, Sweden-based biopharmaceutical company.](https://millionrounds.com/company/itbmed) A Stockholm, Sweden-based biopharmaceutical company. *Founded* 2015 Stockholm, Sweden **$67M** last round Apr 2018
- 7 [**Sana** Sana Benefits is a HealthTech and InsurTech company based in Austin, Texas, founded in 2017.](https://millionrounds.com/company/sana) Sana Benefits is a HealthTech and InsurTech company based in Austin, Texas, founded in 2017. *Founded* 2017 Austin, Sweden **$59M** last round Oct 2024
- 8 [**FirstVet** FirstVet is a digital veterinary clinic founded in 2016 in Stockholm, Sweden.](https://millionrounds.com/company/firstvet) FirstVet is a digital veterinary clinic founded in 2016 in Stockholm, Sweden. *Founded* 2016 Stockholm, Sweden **$48M** last round Jun 2024
- 9 [**Moleculent** Moleculent AB is a Swedish biotechnology company based in Solna, Stockholm.](https://millionrounds.com/company/moleculent) Moleculent AB is a Swedish biotechnology company based in Solna, Stockholm. *Founded* - Stockholm, Sweden **$46M** last round Apr 2026
- 10 [**Elsa** Elsa is an AI-enabled language learning platform that focuses on spolen English communication](https://millionrounds.com/company/elsa) Elsa is an AI-enabled language learning platform that focuses on spolen English communication *Founded* 2015 Los Gatos, Sweden **$38M** last round Sept 2023
- 11 [**SAGA**](https://millionrounds.com/company/saga) *Founded* - Sweden **$34M** last round Jun 2019
- 12 [**Asgard Therapeutics** Asgard Therapeutics is a privately held biotech company based in Lund, Sweden, founded in 2018 as a spin-off from Lund University.](https://millionrounds.com/company/asgard-therapeutics) Asgard Therapeutics is a privately held biotech company based in Lund, Sweden, founded in 2018 as a spin-off from Lund University. *Founded* 2018 Lund, Sweden **$33M** last round Mar 2024
- 13 [**Natural Cycles** Natural Cycles is a digital health company based in Stockholm, founded in 2013 by Dr.](https://millionrounds.com/company/natural-cycles) Natural Cycles is a digital health company based in Stockholm, founded in 2013 by Dr. *Founded* 2013 Stockholm, Sweden **$33M** last round Jan 2025
- 14 [**Pixelgen Technologies** Pixelgen Technologies AB is a biotechnology company based in Stockholm, founded in 2020.](https://millionrounds.com/company/pixelgen-technologies) Pixelgen Technologies AB is a biotechnology company based in Stockholm, founded in 2020. *Founded* 2020 Stockholm, Sweden **$29M** last round Aug 2026
- 15 [**Affibody** Affibody is a Swedish biotech company focused on developing products for therapy, diagnostic imaging, and other applications.](https://millionrounds.com/company/affibody) Affibody is a Swedish biotech company focused on developing products for therapy, diagnostic imaging, and other applications. *Founded* 1998 Haga, Sweden **$28M** last round Mar 2007
- 16 [**Tribune Therapeutics** Tribune Therapeutics is a preclinical biopharmaceutical company based in Stockholm, Sweden, founded in 2020.](https://millionrounds.com/company/tribune-therapeutics) Tribune Therapeutics is a preclinical biopharmaceutical company based in Stockholm, Sweden, founded in 2020. *Founded* 2020 Stockholm, Sweden **$25M** last round Mar 2025
- 17 [**Lifesum** Lifesum is a global digital health and nutrition platform based in Stockholm, Sweden.](https://millionrounds.com/company/lifesum) Lifesum is a global digital health and nutrition platform based in Stockholm, Sweden. *Founded* 2013 Stockholm, Sweden **$22M** last round Mar 2019
- 18 [**Gesynta Pharma AB** Gesynta Pharma AB is a clinical-stage pharmaceutical company based in Stockholm, Sweden, founded in 2017.](https://millionrounds.com/company/gesynta-pharma-ab) Gesynta Pharma AB is a clinical-stage pharmaceutical company based in Stockholm, Sweden, founded in 2017. *Founded* 2017 Stockholm, Sweden **$21M** last round Jul 2020
- 19 [**Cardoz** Cardoz AB, based in Stockholm, Sweden, manufactures anti-inflammatory pharmaceuticals to combat heart and vascular disorders.](https://millionrounds.com/company/cardoz) Cardoz AB, based in Stockholm, Sweden, manufactures anti-inflammatory pharmaceuticals to combat heart and vascular disorders. *Founded* 2006 Sweden **$18M** last round Sept 2010
- 20 [**OssDsign** OssDsign is a medical-technology company developing implants for bone replacement.](https://millionrounds.com/company/ossdsign) OssDsign is a medical-technology company developing implants for bone replacement. *Founded* 2011 Uppsala, Sweden **$16M** last round Jun 2025
- 21 [**Oncorena** Oncorena treatment for renal cancer](https://millionrounds.com/company/oncorena) Oncorena treatment for renal cancer *Founded* 2011 Lund, Sweden **$16M** last round Jun 2025
- 22 [**NuvoAir**](https://millionrounds.com/company/nuvoair) *Founded* - Sweden **$14M** last round Jan 2022
- 23 [**Resistentia Pharmaceuticals** Resistentia Pharmaceuticals develops immunotherapeutic products for allergic asthma and inflammatory disorders.](https://millionrounds.com/company/resistentia-pharmaceuticals) Resistentia Pharmaceuticals develops immunotherapeutic products for allergic asthma and inflammatory disorders. *Founded* 1998 Sweden **$14M** last round Sept 2006
- 24 [**Cellartis** Cellartis develops human embryonic stem cells and technology for drug discovery research, toxicity testing and regenerative medicine.](https://millionrounds.com/company/cellartis) Cellartis develops human embryonic stem cells and technology for drug discovery research, toxicity testing and regenerative medicine. *Founded* 2001 Sweden **$9.5M** last round Dec 2005
- 25 [**LipUm** LipUm operates as a biotechnology company that offers anti-inflammatory drugs.](https://millionrounds.com/company/lipum) LipUm operates as a biotechnology company that offers anti-inflammatory drugs. *Founded* 2010 Umeå, Sweden **$9.3M** last round Mar 2026
- 26 [**CubaseBio** Cubase Bio is a biotechnology business that focuses on spatial biology tools.](https://millionrounds.com/company/cubasebio) Cubase Bio is a biotechnology business that focuses on spatial biology tools. *Founded* - Stockholm, Sweden **$9.2M** last round Sept 2026
- 27 [**Cinclus Pharma** Cinclus Pharma is a research based biotech company.](https://millionrounds.com/company/cinclus-pharma) Cinclus Pharma is a research based biotech company. *Founded* 2014 Mölndal, Sweden **$9.2M** last round Mar 2026
- 28 [**Amra** Amra uses cloud-based, computer aided service to analytically transform MR images into body composition measurements.](https://millionrounds.com/company/amra) Amra uses cloud-based, computer aided service to analytically transform MR images into body composition measurements. *Founded* - Sweden **$9.0M** last round Jan 2017
- 29 [**Sigrid Therapeutics** Sigrid Therapeutics is developing an ingested medical device for lowering blood sugar in prediabetics.](https://millionrounds.com/company/sigrid-therapeutics) Sigrid Therapeutics is developing an ingested medical device for lowering blood sugar in prediabetics. *Founded* 2014 Stockholm, Sweden **$9.0M** last round Jan 2026
- 30 [**Denator** Denator develops and markets products that stabilize biological tissues and fluids from the moment of sampling.](https://millionrounds.com/company/denator) Denator develops and markets products that stabilize biological tissues and fluids from the moment of sampling. *Founded* 2004 Uppsala, Sweden **$8.3M** last round Apr 2012
- 31 [**EnginZyme** EnginZyme is a biotechnology company based in Solna, Stockholm, founded in 2014.](https://millionrounds.com/company/enginzyme) EnginZyme is a biotechnology company based in Solna, Stockholm, founded in 2014. *Founded* 2014 Gothenburg, Sweden **$7.6M** last round Sept 2026
- 32 [**Rarity Bioscience** Rarity Bioscience is a Swedish biotechnology startup founded in June 2021 as a spin-out from Uppsala University.](https://millionrounds.com/company/rarity-bioscience) Rarity Bioscience is a Swedish biotechnology startup founded in June 2021 as a spin-out from Uppsala University. *Founded* 2021 Uppsala, Sweden **$7.5M** last round Jun 2024
- 33 [**Alligator Bioscience** Alligator Bioscience develops antibody-based immunotherapies for the treatment of cancer by using its protein optimization technology FIND®.](https://millionrounds.com/company/alligator-bioscience) Alligator Bioscience develops antibody-based immunotherapies for the treatment of cancer by using its protein optimization technology FIND®. *Founded* 2000 Lund, Sweden **$7.4M** last round May 2007
- 34 [**Atley Solutions** Atley Solutions is a Swedish life science and radiopharmaceutical technology company based in Gothenburg, founded in 2019.](https://millionrounds.com/company/atley-solutions) Atley Solutions is a Swedish life science and radiopharmaceutical technology company based in Gothenburg, founded in 2019. *Founded* 2019 Gothenburg, Sweden **$7.3M** last round Jun 2025
- 35 [**Cellectricon** Cellectricon is a leading provider of advanced cell-based screening services to accelerate drug discovery.](https://millionrounds.com/company/cellectricon) Cellectricon is a leading provider of advanced cell-based screening services to accelerate drug discovery. *Founded* 2001 Mölndal, Sweden **$7.0M** last round May 2004
- 36 [**Elicera Therapeutics** Elicera Therapeutics develops cell and gene therapies for cancer treatment, with a focus on CAR T-cell therapies and oncolytic viruses.](https://millionrounds.com/company/elicera-therapeutics) Elicera Therapeutics develops cell and gene therapies for cancer treatment, with a focus on CAR T-cell therapies and oncolytic viruses. *Founded* 2013 Göteborg, Sweden **$6.4M** last round May 2026
- 37 [**Meds**](https://millionrounds.com/company/meds) *Founded* - Sweden **$5.7M** last round Jan 2019
- 38 [**Amferia** Amferia is a startup manufacturing medical materials that actively prevents infections.](https://millionrounds.com/company/amferia) Amferia is a startup manufacturing medical materials that actively prevents infections. *Founded* 2018 Mölndal, Sweden **$5.4M** last round Dec 2025
- 39 [**Gradientech** Gradientech AB is a Swedish life science and diagnostics company based in Uppsala, Sweden.](https://millionrounds.com/company/gradientech) Gradientech AB is a Swedish life science and diagnostics company based in Uppsala, Sweden. *Founded* 2009 Uppsala, Sweden **$4.6M** last round Apr 2019
- 40 [**Cerve**](https://millionrounds.com/company/cerve) *Founded* - Sweden **$4.5M** last round Dec 2024
- 41 [**Mitra Medical Technology** Mitra Medical Technology is a biomedical company developing systems for systemic cancer therapy and diagnosis.](https://millionrounds.com/company/mitra-medical-technology) Mitra Medical Technology is a biomedical company developing systems for systemic cancer therapy and diagnosis. *Founded* 1996 Sweden **$4.3M** last round Apr 2005
- 42 [**OncoZenge** OncoZenge develops better products for the supportive care of cancer patients.](https://millionrounds.com/company/oncozenge) OncoZenge develops better products for the supportive care of cancer patients. *Founded* 2020 Bromma, Sweden **$3.9M** last round Sept 2026
- 43 [**Ludesi** Ludesi provides bioinformatics solutions to life science industry, research facilities and pharmaceutical companies.](https://millionrounds.com/company/ludesi) Ludesi provides bioinformatics solutions to life science industry, research facilities and pharmaceutical companies. *Founded* 2001 Cambridge, Sweden **$3.4M** last round Sept 2006
- 44 [**Scandinavian Biopharma** Scandinavian Biopharma is a Swedish research-based biotech company.](https://millionrounds.com/company/scandinavian-biopharma) Scandinavian Biopharma is a Swedish research-based biotech company. *Founded* 2010 Solna, Sweden **$3.4M** last round Jun 2017
- 45 [**Pila Pharma** Pila Pharma is a TRPV1-platform focused company developing oral treatments for type-2 diabetes, obesity, and pain.](https://millionrounds.com/company/pila-pharma) Pila Pharma is a TRPV1-platform focused company developing oral treatments for type-2 diabetes, obesity, and pain. *Founded* 2014 Malmö, Sweden **$3.2M** last round Oct 2025
- 46 [**Modus Therapeutics** Modus Therapeutics is a Swedish drug development company focused on normalizing the lives for patients with Sickle Cell Disease.](https://millionrounds.com/company/modus-therapeutics) Modus Therapeutics is a Swedish drug development company focused on normalizing the lives for patients with Sickle Cell Disease. *Founded* 2011 Stockholm, Sweden **$3.0M** last round Jun 2025
- 47 [**Engaging Care**](https://millionrounds.com/company/engaging-care) *Founded* - Sweden **$2.8M** last round Apr 2019
- 48 [**Reselo** Reselo aims to develop and produce sustainable biomaterials that replace fossil-based plastics.](https://millionrounds.com/company/reselo) Reselo aims to develop and produce sustainable biomaterials that replace fossil-based plastics. *Founded* 2021 Greenhouse Labs KTH, Sweden **$2.6M** last round Jun 2022
- 49 [**Abarceo Pharma AB** Abarceo Pharma AB is a pre-clinical biotechnology company based in Malmö, Sweden, founded in December 2017 as a spin-out from Lund University Diabetes Center.](https://millionrounds.com/company/abarceo-pharma-ab) Abarceo Pharma AB is a pre-clinical biotechnology company based in Malmö, Sweden, founded in December 2017 as a spin-out from Lund University Diabetes Center. *Founded* 2017 Malmoe, Sweden **$2.6M** last round Mar 2021
- 50 [**Alba Health** Alba Health is a Swedish company founded in 2022 that specializes in at-home gut microbiome testing for children aged 0 to 12 years.](https://millionrounds.com/company/alba-health) Alba Health is a Swedish company founded in 2022 that specializes in at-home gut microbiome testing for children aged 0 to 12 years. *Founded* 2022 Stockholm, Sweden **$2.5M** last round May 2025

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back biotech startups in Sweden in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More biotech lists

[See all](https://millionrounds.com/top-lists?t=Biotech)

[*IL* *NH* *CS* **Biotech startups in Europe** 1,665 companies · $22B](https://millionrounds.com/top-lists/biotech-startups-europe)[*GV* *IL* *RM* **Biotech startups that raised in 2026** 896 companies · $37B in 2026](https://millionrounds.com/top-lists/biotech-startups-raised-2026)[*IL* *CS* *ON* **Biotech startups in the United Kingdom** 588 companies · $15B](https://millionrounds.com/top-lists/biotech-startups-united-kingdom)[*GV* *RM* *M* **Biotech startups in the United States that raised in 2026** 498 companies · $32B in 2026](https://millionrounds.com/top-lists/biotech-startups-united-states-raised-2026)[*NH* *DT* *E* **Biotech startups founded in 2018** 368 companies · $14B](https://millionrounds.com/top-lists/biotech-startups-founded-2018)[*NR* *LL* *ST* **Biotech startups founded in 2020** 337 companies · $7.0B](https://millionrounds.com/top-lists/biotech-startups-founded-2020)[*E* *ET* *NA* **Biotech startups founded in 2019** 336 companies · $11B](https://millionrounds.com/top-lists/biotech-startups-founded-2019)[*IL* *RB* *VS* **Biotech startups founded in 2021** 275 companies · $12B](https://millionrounds.com/top-lists/biotech-startups-founded-2021)

## More lists for Sweden

[See all](https://millionrounds.com/top-lists?r=Sweden)

[*N* *NH* *S* **Startups in Sweden** 879 companies · $25B](https://millionrounds.com/top-lists/startups-sweden)[*NH* *K* *A* **Health startups in Sweden** 134 companies · $3.3B](https://millionrounds.com/top-lists/health-startups-sweden)[*L* *L* *E* **AI startups in Sweden** 82 companies · $4.7B](https://millionrounds.com/top-lists/ai-startups-sweden)[*S* *S* *B* **IT Services startups in Sweden** 72 companies · $361M](https://millionrounds.com/top-lists/it-services-startups-sweden)[*NH* *K* *A* **Healthcare startups in Sweden** 71 companies · $2.9B](https://millionrounds.com/top-lists/healthcare-startups-sweden)[*K* *M* *J* **Financial Services startups in Sweden** 44 companies · $3.2B](https://millionrounds.com/top-lists/financial-services-startups-sweden)[*L* *L* *E* **Software startups in Sweden** 44 companies · $3.6B](https://millionrounds.com/top-lists/software-startups-sweden)[*E* *E* *NT* **Big Data & Analytics startups in Sweden** 36 companies · $2.0B](https://millionrounds.com/top-lists/big-data-startups-sweden)