Revving Up Revenue

Here are the Swedish tech companies with the fastest-growing revenue.

Once upon a time it was cool to be “pre-revenue”. These days revenue is a key requirement for many investors and corporate customers.

Everyone knows the big names that have raised large venture capital rounds; Spotify, iZettle, Klarna… but which Swedish startups are powering ahead with revenue?

We have downloaded all of the revenue numbers from nordictechlist.com to answer this question, from 2015 to 2016 as at April 2017 (Google Sheet):

Top five

  1. Minutemailer — Email SaaS — 17,500%
  2. Itatake — Gaming — 9,150%
  3. Frogsong Studios — Gaming — 8,540%
  4. Battleriff — Gaming — 5,818%
  5. Shortcut Labs — Hardware — 3,963%

Top five with 2015 revenue > €100K

  1. Shortcut Labs — Hardware — 3,963%
  2. Keyflow — Events — 2,840%
  3. Leasify — Fintech — 2,434%
  4. Springworks — Automobiles — 1,314%
  5. Eneo Solutions — Clean Tech — 1,195%

Top five with 2015 revenue > €1M

  1. Springworks — Automobiles — 1,314%
  2. Prismatic Sensors — Hardware — 450%
  3. KitchenTime — E-commerce — 257%
  4. Nordic Digital Solutions — Enterprise Software — 235%
  5. ELIQ — Clean Tech — 233%

Methodology

  • The data can be viewed here.
  • Statutory revenues are used as they are accountable and automatically updated on nordictechlist.com.
  • The data will be updated on a quarterly basis and will include new statutory revenues as and when they are filed. The revenue numbers are automatically added based on the companies organisation number / org.nummer.

Any questions, please do email howard@nordictechlist.com.

Howard Riminton