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Swedish unicorns

We've helped 1 in 6 grow

With 48 unicorns from a population of just 10 million, Bloomberg calls Sweden “Europe's unicorn factory” ranking 4th globally per capita. Growth Hackers has had the privilege of working with 8 of the 48 that crossed the billion-dollar mark — from Spotify's early days to today's fastest-growing AI companies.

48 Swedish unicorns, ranked by valuation

Companies highlighted in pink are ones we've worked with. Valuations based on latest known round or market cap (March 2026).

ListedAcquiredSPACPrivateGH client
Spotify
Listed
$96B
Hexagon
Listed
$33B
Polestar
SPAC
$20B
Klarna
Listed
$18B
Evolution AB
Listed
$12B
Northvolt
Private
$12B
Skype
Acquired
$8.5B
Lovable
Private
$6.6B
King
Acquired
$5.9B
Anticimex
Private
$5.7B
Legora
Private
$5.55B
Fortnox
Acquired
$5.5B
Veoneer
Acquired
$4.6B
NOBA Bank Group
Listed
$4.5B
Mips AB
Listed
$3.6B
Etraveli
Private
$3.1B
Itiviti
Acquired
$2.6B
Sinch
Listed
$2.5B
Mojang
Acquired
$2.5B
Stegra
Private
$2.4B
BHG Group
Listed
$2.3B
Zettle
Acquired
$2.2B
Tink
Acquired
$2.2B
Oatly
Listed
$2B
Kry
Private
$2B
Neo4j
Private
$2B
NetEnt
Acquired
$2B
Avito
Acquired
$1.8B
Neko Health
Private
$1.8B
Bambora
Acquired
$1.7B
Truecaller
Listed
$1.6B
NCAB Group
Listed
$1.6B
Einride
Private
$1.5B
Trustly
Private
$1.4B
InstaBee
Private
$1.4B
Epidemic Sound
Private
$1.4B
Paradox Interactive
Listed
$1.4B
Bonesupport
Listed
$1.35B
Hemnet
Listed
$1.2B
Storytel
Acquired
$1.2B
Modal
Private
$1.1B
Sana Labs
Acquired
$1.1B
MTG
Listed
$1.1B
Marshall Group
Acquired
$1.1B
Embracer Group
Listed
$1B
Polarium
Private
$1B
MySQL AB
Acquired
$1B
Voi Technology
Private
$1B

What we did

Spotify

~$96B

Via Campanja — programmatic advertising and media buying at scale.

Lovable

$6.6B

Programmatic SEO — scaled organic visibility for the AI coding platform.

Anticimex

$5.7B

Growth marketing — digital growth strategy for the global pest-control leader.

Etraveli

$3.1B

Via Campanja — programmatic advertising and media buying for the leading travel platform.

Tink

$2.2B

Growth marketing — helped the open banking pioneer grow before the Visa acquisition.

Kry

$2.0B

Martech stack & GTM pipelines — built the digital infrastructure for Europe's leading healthtech company.

Avito

$1.8B

Growth marketing — helped Russia's largest classifieds marketplace scale growth.

Epidemic Sound

$1.4B

Martech stack & GTM pipelines — scaled go-to-market for the global music licensing platform.

Want to join the list?

Whether you're a startup aiming for unicorn status or an established company looking to accelerate — we can help you grow.

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