Gothenburg's business landscape is a mix of long-established companies and emerging startups across various sectors. Key industries include healthcare, manufacturing, and sustainable technology.
This environment has produced major players like healthcare provider Molnlycke, with over $792M in funding, and fashion e-commerce brand NA-KD.com with €88.5M in funding. Explore the companies that are shaping Gothenburg's economic future.
Below is our list of 52 Gothenburg startups worth keeping an eye on.
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Get the Sheet for $50Mölnlycke Health Care develops medical products and solutions for wound care and safe surgical procedures. Their equipment and supplies are used by healthcare professionals worldwide to help improve patient outcomes and clinical efficiency.
| Year Founded | 1998 |
| Founders | Gustaf Ferdinand Hennig |
| Funding Amount | $792.4M |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Debt Financing |
| Top Investors | SEK |
Cetasol develops an intelligent platform designed to help the maritime industry reduce fuel consumption and emissions. Their system analyzes real-time vessel data to provide actionable insights for operational efficiency and predictive maintenance.
| Year Founded | 2021 |
| Founders | Ethan Faghani |
| Funding Amount | $4.3M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | BackingMinds, Shift4Good, Impact X Capital Partners, ShipsFocus, Sarsia |
PulPac developed a manufacturing technology called Dry Molded Fiber for creating sustainable, fiber-based packaging. They license this process to companies as a low-cost and high-performance alternative to single-use plastics and other packaging materials.
| Year Founded | 2018 |
| Founders | Linus Green, Ove Larsson |
| Funding Amount | $64.7M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | European Investment Bank, Stora Enso, Collateral Good, WPP, OPTIMA |
Embedl AB creates software that optimizes deep learning models for use in embedded systems. Their platform is designed to make AI applications smaller and faster, enabling them to run on hardware with limited processing power and memory.
| Year Founded | 2018 |
| Founders | Devdatt Dubhashi, Hans Salomonsson |
| Funding Amount | €15.2M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Spintop Ventures, European Innovation Council, Almi Invest, Butterfly Ventures, Fairpoint Capital |
Maurten develops sports fuel for endurance athletes based on its patented Hydrogel Technology. The company's drink mixes and gels are designed to deliver high amounts of carbohydrates without causing common stomach discomfort.
| Year Founded | 2015 |
| Founders | — |
| Funding Amount | €20M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | IRIS Ventures, Dan Sten Olsson |
Privasea builds a distributed computing network that enables secure data sharing and AI computations. Their platform uses Fully Homomorphic Encryption, allowing AI models to process encrypted data while preserving user privacy.
| Year Founded | 2022 |
| Founders | Daniel Nilsson, Jiao David |
| Funding Amount | €20M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Series A |
| Top Investors | Luke Sheng, YZi Labs, Amber Group, Gate, Laser Digital |
Axel Arigato creates high-end sneakers and apparel inspired by a blend of Scandinavian minimalism and Japanese design. The brand is known for its community-focused approach, using cultural events and weekly product drops to connect with its audience.
| Year Founded | 2014 |
| Founders | Albin Johansson |
| Funding Amount | €7.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Vaultier7, Eurazeo |
NA-KD.com sells women's fashion through its global e-commerce marketplace, with a focus on trendy and affordable apparel. The brand is recognized for its strong social media presence and influencer collaborations, which have fueled its rapid expansion.
| Year Founded | 2015 |
| Founders | Jarno Vanhatapio, Klas Hedsta |
| Funding Amount | €88.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Secondary Market |
| Top Investors | Northzone, FJ Labs, Partech, Salica, Quadrille Capital |
Hasselblad builds high-end medium format cameras and lenses used by professional photographers around the world. They are renowned for combining iconic design with exceptional image quality, building on a rich heritage of photographic innovation.
| Year Founded | 1941 |
| Founders | Fritz Wiktor Hasselblad |
| Funding Amount | — |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Undisclosed |
| Top Investors | DJI |
Seaqure Labs develops a mycoprotein-based solution to address the unsustainable methods currently used in aquaculture. Their work provides the industry with a more environmentally friendly protein source for fish feed.
| Year Founded | 2024 |
| Founders | — |
| Funding Amount | €1.1M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Pre-Seed |
| Top Investors | VASTAF, Almi Invest, Propel Capital, Chalmers Ventures AB, SLU Holding AB |
42 Additional Gothenburg Startups Worth Following
Our top ten picks are just a small part of the city's growing startup community. Founders are building companies in everything from biotech to mobility, raising hundreds of millions of euros along the way.
Some of these companies are brand new, while others have been growing for over a decade. Here’s a look at the rest of the startups that are defining the city's tech scene.
