# Top 18 Hardware Startups in Sweden by Funding (2026)

> The 18 best-funded hardware startups in Sweden, ranked by total funding raised: $1.4B combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Cloover** Cloover provides embedded financial services, software, and energy solutions to facilitate a successful energy transition.](https://millionrounds.com/company/cloover) Cloover provides embedded financial services, software, and energy solutions to facilitate a successful energy transition. *Founded* 2022 Berlin, Sweden **$1.3B** last round Sept 2026
- 2 [**Froda** Froda is a Swedish fintech company founded in 2015, specializing in embedded financing solutions for small and medium-sized enterprises (SMEs).](https://millionrounds.com/company/froda) Froda is a Swedish fintech company founded in 2015, specializing in embedded financing solutions for small and medium-sized enterprises (SMEs). *Founded* 2015 Stockholm, Sweden **$23M** last round Apr 2025
- 3 [**TERASi** TERASi is a deeptech startup based in Stockholm, Sweden, focused on designing and manufacturing ultra-compact, high-performance silicon-based waveguide componen](https://millionrounds.com/company/terasi) TERASi is a deeptech startup based in Stockholm, Sweden, focused on designing and manufacturing ultra-compact, high-performance silicon-based waveguide componen *Founded* 2020 Stockholm, Sweden **$13M** last round Sept 2026
- 4 [**n-Ink** N-Ink provides n-type ink which is compatible with Printed Electronics, the Internet of Things, and Bioelectronics.](https://millionrounds.com/company/n-ink) N-Ink provides n-type ink which is compatible with Printed Electronics, the Internet of Things, and Bioelectronics. *Founded* 2020 Linköping, Sweden **$4.7M** last round Feb 2026
- 5 [**Actiwave** The Actiwave produces a range of miniature biomedical waveform recorders designed to capture EMG, EEG and ECG signals.](https://millionrounds.com/company/actiwave) The Actiwave produces a range of miniature biomedical waveform recorders designed to capture EMG, EEG and ECG signals. *Founded* 2007 Sweden **$4.3M** last round Sept 2012
- 6 [**DREV** DREV is a Swedish B2B startup founded in 2023, specializing in patented contamination control technology for advanced manufacturing, particularly in the battery industry.](https://millionrounds.com/company/drev) DREV is a Swedish B2B startup founded in 2023, specializing in patented contamination control technology for advanced manufacturing, particularly in the battery industry. *Founded* 2023 Landvetter, Sweden **$3.7M** last round Nov 2025
- 7 [**Percepio** Percepio® is a Swedish technology company based in Västerås, specializing in software observability tools for embedded and IoT systems.](https://millionrounds.com/company/percepio) Percepio® is a Swedish technology company based in Västerås, specializing in software observability tools for embedded and IoT systems. *Founded* 2009 Vaesteras, Sweden **$2.3M** last round Jun 2020
- 8 [**PreVet** PreVet International AB is a Swedish technology company located in Uppsala.](https://millionrounds.com/company/prevet) PreVet International AB is a Swedish technology company located in Uppsala. *Founded* 2017 Uppsala, Sweden **$1.8M** last round Mar 2021
- 9 [**Scint-X** Scint-X AB offers Scintillator Matrix technology for manufacturing x-ray imaging detectors.](https://millionrounds.com/company/scint-x) Scint-X AB offers Scintillator Matrix technology for manufacturing x-ray imaging detectors. *Founded* 2006 Sweden **$1.6M** last round May 2011
- 10 [**KebNi** KebNi is a firm that specializes in inertial sensing, Land mobile and maritime.](https://millionrounds.com/company/kebni) KebNi is a firm that specializes in inertial sensing, Land mobile and maritime. *Founded* - Kista, Sweden **$1.4M** last round Aug 2024
- 11 [**Stepler** Rewarding physical activity and gamifying health](https://millionrounds.com/company/stepler) Rewarding physical activity and gamifying health *Founded* 2020 Stockholm, Sweden **$1.1M** last round Aug 2021
- 12 [**The PhonePages** The PhonePages develops a range of telephone technology and applications.](https://millionrounds.com/company/the-phonepages) The PhonePages develops a range of telephone technology and applications. *Founded* 2000 Sweden **$1.0M** last round Sept 2001
- 13 [**Reologica Instruments** Reologica Instruments designs, manufactures, and supplies research level rheometers, viscometers, and other medical instruments.](https://millionrounds.com/company/reologica-instruments) Reologica Instruments designs, manufactures, and supplies research level rheometers, viscometers, and other medical instruments. *Founded* 2007 Sweden **$496K** last round Jun 2008
- 14 [**Sensible Solutions Sweden** Sensible Solutions Sweden develops and designs moisture indicators, wildfire monitoring systems, and incontinence alarms.](https://millionrounds.com/company/sensible-solutions-sweden) Sensible Solutions Sweden develops and designs moisture indicators, wildfire monitoring systems, and incontinence alarms. *Founded* 2005 Sweden **$427K** last round Jan 2007
- 15 [**AnSyn** AnSyn is a software company providing design automation software for the analog and mixed-signal integrated circuit industry.](https://millionrounds.com/company/ansyn) AnSyn is a software company providing design automation software for the analog and mixed-signal integrated circuit industry. *Founded* 2006 Linkoeping, Sweden **$307K** last round Feb 2008
- 16 [**Collectric** Collectric develops systems for measuring, controlling, and reporting electricity, heating, and water consumption in houses.](https://millionrounds.com/company/collectric) Collectric develops systems for measuring, controlling, and reporting electricity, heating, and water consumption in houses. *Founded* 2003 Sweden **$287K** last round Mar 2010
- 17 [**BeammWave** BeammWave provides a single chip for digital beamforming including front-end and antenna arrays for mobile phones and IoT devices.](https://millionrounds.com/company/beammwave) BeammWave provides a single chip for digital beamforming including front-end and antenna arrays for mobile phones and IoT devices. *Founded* 2017 Lund, Sweden **$216K** last round Oct 2024
- 18 [**BestBoy Keyboard** BestBoy is a new breed of keyboard for tablet computers, replacing the on-screen keyboard and making typing more user friendly.](https://millionrounds.com/company/bestboy-keyboard) BestBoy is a new breed of keyboard for tablet computers, replacing the on-screen keyboard and making typing more user friendly. *Founded* 2014 Malmoe, Sweden **$215** last round Apr 2014

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed as 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 hardware 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 hardware lists

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

[*AI* *G* *T* **Hardware startups worldwide** 1,733 companies · $66B](https://millionrounds.com/top-lists/hardware-startups)[*AI* *G* *T* **Hardware startups in the United States** 815 companies · $50B](https://millionrounds.com/top-lists/hardware-startups-united-states)[*O* *C* *F* **Hardware startups in Europe** 447 companies · $14B](https://millionrounds.com/top-lists/hardware-startups-europe)[*F* *G* *O* **Hardware startups in the United Kingdom** 140 companies · $5.7B](https://millionrounds.com/top-lists/hardware-startups-united-kingdom)[*BM* *A* *Q* **Hardware startups in France** 79 companies · $1.9B](https://millionrounds.com/top-lists/hardware-startups-france)[*T* *P* *ET* **Hardware startups in Canada** 59 companies · $1.1B](https://millionrounds.com/top-lists/hardware-startups-canada)[*H* *Q* *PL* **Hardware startups in Germany** 47 companies · $1.6B](https://millionrounds.com/top-lists/hardware-startups-germany)[*NI* *Q* *BE* **Hardware startups in the Netherlands** 24 companies · $1.1B](https://millionrounds.com/top-lists/hardware-startups-netherlands)

## 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)[*NH* *K* *A* **Biotech startups in Sweden** 75 companies · $3.0B](https://millionrounds.com/top-lists/biotech-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)